<SEC-DOCUMENT>0001193125-18-034890.txt : 20180207
<SEC-HEADER>0001193125-18-034890.hdr.sgml : 20180207
<ACCEPTANCE-DATETIME>20180207172152
ACCESSION NUMBER:		0001193125-18-034890
CONFORMED SUBMISSION TYPE:	40-F
PUBLIC DOCUMENT COUNT:		223
CONFORMED PERIOD OF REPORT:	20171231
FILED AS OF DATE:		20180207
DATE AS OF CHANGE:		20180207

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MANULIFE FINANCIAL CORP
		CENTRAL INDEX KEY:			0001086888
		STANDARD INDUSTRIAL CLASSIFICATION:	LIFE INSURANCE [6311]
		IRS NUMBER:				889897526
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-F
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14942
		FILM NUMBER:		18582001

	BUSINESS ADDRESS:	
		STREET 1:		200 BLOOR ST EAST, NT-10
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M4W1E5
		BUSINESS PHONE:		416-926-3000

	MAIL ADDRESS:	
		STREET 1:		200 BLOOR ST EAST, NT-10
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M4W1E5
</SEC-HEADER>
<DOCUMENT>
<TYPE>40-F
<SEQUENCE>1
<FILENAME>d489903d40f.htm
<DESCRIPTION>40-F
<TEXT>
<HTML><HEAD>
<TITLE>40-F</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">40-F</FONT> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>(Check One) </B></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B></B>&#9744;<B></B><B></B></TD>
<TD ALIGN="left" VALIGN="top"><B>REGISTRATION STATEMENT PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>OR </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B></B>&#9746;<B></B><B></B></TD>
<TD ALIGN="left" VALIGN="top"><B>ANNUAL REPORT PURSUANT TO SECTION 13(a) OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 </B></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
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<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom" ALIGN="center"><B>For the fiscal year ended December&nbsp;31, 2017</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Commission file number <FONT STYLE="white-space:nowrap">1-14942</FONT></B></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>MANULIFE FINANCIAL CORPORATION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of Registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Canada
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">(Province or other jurisdiction of incorporation or organization) </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>6311 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">(Primary Standard
Industrial Classification Code Number (if applicable)) </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Not applicable </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">(I.R.S. Employer Identification Number (if applicable)) </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>200 Bloor Street East, NT 11, Toronto, Ontario, Canada M4W 1E5 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(416) <FONT STYLE="white-space:nowrap">926-3000</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address and telephone number of registrant&#146;s principal executive offices) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>James D. Gallagher, Manulife Financial Corporation, 601 Congress Street, Boston, MA 02210-2805 (617)
<FONT STYLE="white-space:nowrap">663-3000</FONT> </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">(Name, address (including zip code) and telephone number </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">(including area code) of agent for service in the United States) </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Securities registered or to be registered pursuant to Section&nbsp;12(b) of the Act. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center">Title of each class</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center">Name of each exchange on which registered</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>Common Shares</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>New York Stock Exchange</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Securities registered or to be registered pursuant to Section&nbsp;12(g) of the Act.&nbsp;&nbsp; <B>None</B>
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B></B>Securities for which there is a reporting obligation pursuant to Section&nbsp;15(d) of the Act.<B>&nbsp;&nbsp; 4.90% Senior Notes
due 2020, 4.150% Senior Notes due 2026, 5.375% Senior Notes due 2046, and 4.061 % Subordinated Notes due 2032 </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">For annual reports,
indicate by check mark the information filed with this Form: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B></B>&#9746;<B></B><B> Annual Information Form</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B></B>&#9746;<B></B><B> Audited Annual Financial Statements</B></TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate the number of outstanding shares of each of the issuer&#146;s classes of capital or common stock as of the close of the period covered by the annual
report: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Common Shares</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,981,836,232</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Class A Shares Series 2</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>14,000,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Class A Shares Series 3</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>12,000,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Class 1 Shares Series 3</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6,335,831</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Class 1 Shares Series 4</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,664,169</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Class 1 Shares Series 5</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,000,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Class 1 Shares Series 7</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10,000,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Class 1 Shares Series 9</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10,000,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Class 1 Shares Series 11</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,000,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Class 1 Shares Series 13</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,000,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Class 1 Shares Series 15</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>8,000,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Class 1 Shares Series 17</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>14,000,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Class 1 Shares Series 19</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10,000,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Class 1 Shares Series 21</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>17,000,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Class 1 Shares Series 23</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>19,000,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the Registrant: (1)&nbsp;has filed all reports required to be filed by
Section&nbsp;13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports) and (2)&nbsp;has been subject to such filing requirements for the past 90 days. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Yes</B><B>&nbsp;&nbsp;</B><B><U></U></B>&#9746;<B></B><B></B><U></U>&nbsp;&nbsp;&nbsp;&nbsp; No&nbsp;&nbsp;&#9744; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation <FONT STYLE="white-space:nowrap">S-T</FONT> (&#167;232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required
to submit and post such files). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Yes</B><U></U>&nbsp;&nbsp;&#9746;&nbsp;&nbsp;&nbsp;&nbsp;No<B>&nbsp;&nbsp;
</B><B><U></U></B>&#9744;<B></B><B></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule
12b-2 of the Exchange Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Emerging Growth Company&nbsp;&nbsp;&#9744; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards&#134; provided pursuant to Section 13(a) of the Exchange Act.&nbsp;&nbsp;&#9744; </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#134;</TD>
<TD ALIGN="left" VALIGN="top">The term &#147;new or revised financial accounting standard&#148; refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012. </TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">40-F 2 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Principal Documents </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following documents, filed as exhibits 99.1, 99.2 and 99.3 hereto, are hereby incorporated by reference into this Annual Report: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">Consolidated Financial Statements for the fiscal year ended December&nbsp;31, 2017; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Management&#146;s Discussion and Analysis for the fiscal year ended December&nbsp;31, 2017; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">Annual Information Form dated February&nbsp;7, 2018 for the fiscal year ended December&nbsp;31, 2017. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">40-F 3 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Certifications and Disclosure Regarding Controls and Procedures. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;<U>Certifications</U>. The Certificates required by Rule <FONT STYLE="white-space:nowrap">13a-14(a)</FONT> and (b)&nbsp;are set
forth in Exhibits 99.4, 99.5, 99.6 and 99.7 to this Annual Report on Form <FONT STYLE="white-space:nowrap">40-F.</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;<U>Disclosure Controls and Procedures</U>. The conclusions of the principal executive and principal financial officers of Manulife
Financial Corporation (the &#147;Company&#148;) regarding the effectiveness of the Company&#146;s disclosure controls and procedures as at December&nbsp;31, 2017 are set forth under the heading &#147;Controls and Procedures &#150; Disclosure
Controls and Procedures&#148; in the Company&#146;s Management&#146;s Discussion and Analysis for the fiscal year ended December&nbsp;31, 2017, filed as Exhibit 99.2 to this Annual Report on Form <FONT STYLE="white-space:nowrap">40-F.</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;<U>Management&#146;s Annual Report on Internal Control over Financial Reporting</U>. Management&#146;s report on the Company&#146;s
internal control over financial reporting is set forth under the heading &#147;Controls and Procedures&#151;Management&#146;s Report on Internal Control over Financial Reporting&#148; in the Company&#146;s Management&#146;s Discussion and Analysis
for the fiscal year ended December&nbsp;31, 2017, filed as Exhibit 99.2 to this Annual Report on Form <FONT STYLE="white-space:nowrap">40-F.</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(d)&nbsp;&nbsp;&nbsp;&nbsp;<U>Attestation Report of the Registered Public Accounting Firm</U>. Ernst&nbsp;&amp; Young LLP&#146;s attestation report on
management&#146;s assessment of internal control over financial reporting is set forth under the heading &#147;Independent Auditors&#146; Report of Registered Public Accounting Firm on Internal Control Under Standards of The Public Company
Accounting Oversight Board (United States)&#148; in the Company&#146;s Consolidated Financial Statements for the fiscal year ended December&nbsp;31, 2017, filed as Exhibit 99.1 to this Annual Report on Form
<FONT STYLE="white-space:nowrap">40-F.</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(e)&nbsp;&nbsp;&nbsp;&nbsp;<U>Changes in Internal Control over Financial Reporting</U>. Information
regarding any changes in the Company&#146;s internal control over financial reporting is set forth under the heading &#147;Controls and Procedures &#150; Changes in Internal Control over Financial Reporting&#148; in the Company&#146;s
Management&#146;s Discussion and Analysis for the fiscal year ended December&nbsp;31, 2017, filed as Exhibit 99.2 to this Annual Report on Form <FONT STYLE="white-space:nowrap">40-F.</FONT> </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Audit Committee Financial Expert. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Information regarding
audit committee financial experts is set forth under the heading &#147;Audit Committee&#148; in the Company&#146;s Annual Information Form (&#147;AIF&#148;) dated February&nbsp;7, 2018 for the fiscal year ended December&nbsp;31, 2017, filed as
Exhibit 99.3 to this Annual Report on Form <FONT STYLE="white-space:nowrap">40-F.</FONT> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">40-F 4 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Code of Business Conduct and Ethics. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company has adopted a Code of Business Conduct and Ethics (&#147;Code&#148;) that applies to all directors, officers and employees of the Company and that
qualifies as a &#147;code of ethics&#148; as that term is defined in Form <FONT STYLE="white-space:nowrap">40-F.</FONT> The Code is posted on the corporate governance section of our website and is available for viewing at:
<U>http://www.manulife.com/servlet/servlet.FileDownload?file=00P5000000a1MbpEAE</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In 2017, the Company made certain amendments to its Code relating to
government and political dealings and conflicts of interest, including to matters concerning gifts, family and personal relationships. There were no waivers, including implied waivers, from any provision of the Code during 2017. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Principal Accountant Fees and Services. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Information
regarding the fees billed by Ernst&nbsp;&amp; Young LLP is set forth under the heading &#147;Audit Committee&#151;External Auditor Service Fees&#148; in the Company&#146;s AIF dated February&nbsp;7, 2018 for the fiscal year ended December&nbsp;31,
2017, filed as Exhibit 99.3 to this Annual Report on Form <FONT STYLE="white-space:nowrap">40-F.</FONT> </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><FONT STYLE="white-space:nowrap">Pre-Approval</FONT> Policies and Procedures. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Information regarding the Company&#146;s <FONT STYLE="white-space:nowrap">pre-approval</FONT> policies and procedures of the Company&#146;s audit committee is
set forth under the heading &#147;Audit Committee &#150; <FONT STYLE="white-space:nowrap">Pre-Approval</FONT> Policies and Procedures&#148; in the Company&#146;s AIF dated February&nbsp;7, 2018 for the fiscal year ended December&nbsp;31, 2017, filed
as Exhibit 99.3 to this Annual Report on Form <FONT STYLE="white-space:nowrap">40-F.</FONT> </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Hours Expended on Audit Attributed to Persons Other than
the Principal Accountant&#146;s Employees. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Not Applicable. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><FONT STYLE="white-space:nowrap">Off-Balance</FONT> Sheet Arrangements. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Information regarding the Company&#146;s <FONT STYLE="white-space:nowrap">off-balance</FONT> sheet arrangements is set forth in the discussion of risk in the
Company&#146;s Management&#146;s Discussion and Analysis for the fiscal year ended December&nbsp;31, 2017, filed as Exhibit 99.2 to this Annual Report on <FONT STYLE="white-space:nowrap">Form&nbsp;40-F.</FONT> The notes to the Consolidated Financial
Statements for the fiscal year ended December&nbsp;31, 2017, filed as Exhibit 99.1 to this Annual Report on Form <FONT STYLE="white-space:nowrap">40-F</FONT> include the following disclosures related to
<FONT STYLE="white-space:nowrap">off-balance</FONT> sheet arrangements: </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
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<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="89%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Note 5</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Derivative and Hedging Instruments</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Note 10</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Risk Management - Securities Lending, Repurchase and Reverse Repurchase
Transactions</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Note 17</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Interests in Structured Entities</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Note 18</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Commitments and Contingencies</P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">40-F 5 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Tabular Disclosure of Contractual Obligations. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Information regarding the Company&#146;s contractual obligations is set forth under the heading &#147;Contractual Obligations&#148; in the Company&#146;s
Management&#146;s Discussion and Analysis for the fiscal year ended December&nbsp;31, 2017, filed as Exhibit 99.2 to this Annual Report on Form <FONT STYLE="white-space:nowrap">40-F.</FONT> </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Identification of the Audit Committee. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Information
regarding the Audit Committee of the Company&#146;s Board of Directors is set forth under the heading &#147;Audit Committee&#151;Composition of the Audit Committee in 2017&#148; in the Company&#146;s AIF dated February&nbsp;7, 2018 for the fiscal
year ended December&nbsp;31, 2017, filed as Exhibit 99.3 to this Annual Report on <FONT STYLE="white-space:nowrap">Form&nbsp;40-F.</FONT> </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Independence
of Directors. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A majority of the directors and all members of the Board&#146;s standing committees must be independent so that the Board operates
independently of management. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A director is independent if he or she does not have a direct or indirect relationship with the Company that could
reasonably be expected to interfere with the director&#146;s ability to exercise independent judgment. The Company has established an independence policy for the Board which is consistent with applicable legal and regulatory requirements, including
those established under Canadian and U.S. securities law, the <I>Insurance Companies Act (Canada)</I> and the rules of the New York Stock Exchange. The independence policy is available on our website (<U>www.manulife.com</U>). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Each year the Board, with the assistance of the Corporate Governance and Nominating Committee, reviews the independence of each director and has determined
that 15 of the 16 directors are independent and that the members of the Audit Committee and the Management Resources and Compensation Committee meet the additional independence requirements for those committees. As CEO, Roy Gori is not independent.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Presiding Director at Meetings of <FONT STYLE="white-space:nowrap">Non-Management</FONT> Directors. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The independent directors meet regularly with senior executives and have an opportunity to meet privately without management present during the closed session
held at each Board and committee meeting. They may also use these sessions to meet privately with members of management or independent advisors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In
addition, the independent directors meet without the CEO present to review the performance and approve the compensation of the CEO, to review the Board&#146;s effectiveness assessments and to approve the Board&#146;s objectives for the following
year. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">40-F 6 </P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Communication with <FONT STYLE="white-space:nowrap">Non-Management</FONT> Directors. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Shareholders wishing to contact <FONT STYLE="white-space:nowrap">non-management</FONT> Directors of the Company may write to the Chairman of the Board, in care
of the Corporate Secretary, at the head office of the Company, 200 Bloor Street East, Toronto, Ontario, Canada, M4W 1E5. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Corporate Governance
Guidelines. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company&#146;s governance practices are consistent in all material respects with the requirements of the <I>Insurance Companies
Act</I> (Canada), the corporate governance guidelines established by the Office of the Superintendent of Financial Institutions (Canada) and by the Canadian Securities Administrators, the New York Stock Exchange corporate governance rules for
domestic issuers and the applicable U.S. Securities and Exchange Commission rules and regulations. The Company&#146;s statement of corporate governance practices is posted on the corporate governance section of our website and is available at:
<U>http://www.manulife.com/servlet/servlet.FileDownload?file=00P5000000lM0uuEAC#Page=120</U>. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Board Committee Charters. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Board has established four standing committees to assist it in fulfilling its mandate: Corporate Governance and Nominating Committee, Audit Committee, Risk
Committee, and Management Resources and Compensation Committee. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">All of the members of the standing committees are independent. Each committee reviews
and, as necessary, updates its charter every year and monitors compliance with its charter on a regular basis throughout the year. Each committee chair reports to the Board on the committee&#146;s deliberations and any recommendations that require
Board approval. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The committee charters and the position description for each committee chair are posted on the corporate governance section of our
website and are available at: <U><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">http://www.manulife.com/Board-of-Committees</FONT></FONT></U> </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Mine Safety Disclosure. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Not applicable. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">40-F 7 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>UNDERTAKING AND CONSENT TO SERVICE OF PROCESS </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>A.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Undertaking. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Registrant undertakes to make available, in person or by telephone,
representatives to respond to inquiries made by the Commission staff, and to furnish promptly, when requested to do so by the Commission staff, information relating to: the securities registered pursuant to Form 40-F; the securities in relation to
which the obligation to file an Annual Report on Form <FONT STYLE="white-space:nowrap">40-F</FONT> arises; or transactions in said securities. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>B.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Consent to Service of Process. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company has previously filed a Form <FONT
STYLE="white-space:nowrap">F-X</FONT> in connection with the class of securities in relation to which the obligation to file this Annual Report arises. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any change to the name or address of the Registrant&#146;s agent for service of process shall be communicated promptly to the Securities and
Exchange Commission by an amendment to the Form <FONT STYLE="white-space:nowrap">F-X</FONT> referencing the file number of the relevant registration statement of the Registrant. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to
the requirements of the Exchange Act, the Registrant certifies that it meets all of the requirements for filing on Form <FONT STYLE="white-space:nowrap">40-F</FONT> and has duly caused this Annual Report to be signed on its behalf by the
undersigned, thereto duly authorized, on February&nbsp;7, 2018. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD WIDTH="87%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>Manulife Financial Corporation</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman"><I>/s/ James D. Gallagher</I></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">James D. Gallagher</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Executive Vice President and</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">General
Counsel</P></TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">40-F 8 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT INDEX </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:23.50pt; display:inline; font-size:8pt; font-family:Times New Roman; " ALIGN="center">Exhibit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:37.25pt; display:inline; font-size:8pt; font-family:Times New Roman; ">Description</P></TD></TR>


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<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Consolidated Financial Statements for the fiscal year ended December&nbsp;31, 2017</TD></TR>
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<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" NOWRAP>99.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Management&#146;s Discussion and Analysis for the fiscal year ended December&nbsp;31, 2017</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" NOWRAP>99.3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Annual Information Form dated February&nbsp;7, 2018 for the fiscal year ended December&nbsp;31, 2017</TD></TR>
<TR STYLE="font-size:1pt">
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<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" NOWRAP>99.4</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Certification of Chief Executive Officer pursuant to Rule <FONT STYLE="white-space:nowrap">13a-14(a)</FONT> or <FONT STYLE="white-space:nowrap">15d-14(a)</FONT> of the Securities Exchange Act of 1934</TD></TR>
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<TD VALIGN="top" NOWRAP>99.5</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Certification of Chief Financial Officer pursuant to Rule <FONT STYLE="white-space:nowrap">13a-14(a)</FONT> or <FONT STYLE="white-space:nowrap">15d-14(a)</FONT> of the Securities Exchange Act of 1934</TD></TR>
<TR STYLE="font-size:1pt">
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<TD VALIGN="top" NOWRAP>99.6</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;1350 Certification of Chief Executive Officer</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" NOWRAP>99.7</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Section&nbsp;1350 Certification of Chief Financial Officer</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" NOWRAP>99.8</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Consent of Independent Registered Public Accounting Firm</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.9</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Consent of Appointed Actuary</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" NOWRAP>101</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Interactive Data File</TD></TR>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">mfc-20171231.xml</TD></TR>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">mfc-20171231.xsd</TD></TR>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">mfc-20171231_cal.xml</TD></TR>
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<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">mfc-20171231_def.xml</TD></TR>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">mfc-20171231_lab.xml</TD></TR>
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<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">mfc-20171231_pre.xml</TD></TR>
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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d489903dex991.htm
<DESCRIPTION>EX-99.1
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


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 </P> <P STYLE="font-size:120pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:36pt; margin-bottom:0pt; font-size:24pt; font-family:ARIAL"><FONT COLOR="#1f320c">Manulife Financial Corporation
</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:ARIAL"><FONT COLOR="#1f320c">Consolidated Financial Statements </FONT></P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:16pt; font-family:ARIAL"><FONT
 COLOR="#1f320c">For the year ended December&nbsp;31, 2017 </FONT></P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Responsibility for Financial Reporting </B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The accompanying consolidated financial statements of Manulife Financial Corporation are the responsibility of management and have been approved by the Board of
Directors. It is also the responsibility of management to ensure that all information in the annual report to shareholders is consistent with these consolidated financial statements. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The consolidated financial statements have been prepared by management in accordance with International Financial Reporting Standards and the accounting requirements of
the Office of the Superintendent of Financial Institutions, Canada. When alternative accounting methods exist, or when estimates and judgment are required, management has selected those amounts that present the Company&#146;s financial position and
results of operations in a manner most appropriate to the circumstances. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Appropriate systems of internal control, policies and procedures have been maintained to
ensure that financial information is both relevant and reliable. The systems of internal control are assessed on an ongoing basis by management and the Company&#146;s internal audit department. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The actuary appointed by the Board of Directors (the &#147;Appointed Actuary&#148;) is responsible for ensuring that assumptions and methods used in the determination of
policy liabilities are appropriate to the circumstances and that reserves will be adequate to meet the Company&#146;s future obligations under insurance and annuity contracts. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Board of Directors is responsible for ensuring that management fulfills its responsibility for financial reporting and is ultimately responsible for reviewing and
approving the consolidated financial statements. These responsibilities are carried out primarily through an Audit Committee of unrelated and independent directors appointed by the Board of Directors. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Audit Committee meets periodically with management, the internal auditors, the external auditors and the Appointed Actuary to discuss internal control over the
financial reporting process, auditing matters and financial reporting issues. The Audit Committee reviews the consolidated financial statements prepared by management and then recommends them to the Board of Directors for approval. The Audit
Committee also recommends to the Board of Directors and shareholders the appointment of external auditors and approval of their fees. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The consolidated financial
statements have been audited by the Company&#146;s external auditors, Ernst&nbsp;&amp; Young LLP, in accordance with Canadian generally accepted auditing standards and the standards of the Public Company Accounting Oversight Board
(United&nbsp;States). Ernst&nbsp;&amp; Young LLP has full and free access to management and the Audit Committee. </P> <P STYLE="font-size:30pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">


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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">Roy Gori</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">President and Chief Executive Officer</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Philip Witherington</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:9pt; font-family:ARIAL">Chief Financial Officer</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Toronto, Canada </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">February&nbsp;7, 2018 </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Appointed Actuary&#146;s Report to the Shareholders </B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">I have valued the policy liabilities and reinsurance recoverables of Manulife Financial Corporation for its Consolidated Statements of Financial Position as at
December&nbsp;31, 2017 and 2016 and their change in the Consolidated Statements of Income for the years then ended in accordance with actuarial practice generally accepted in Canada, including selection of appropriate assumptions and methods. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In my opinion, the amount of policy liabilities net of reinsurance recoverables makes appropriate provision for all policyholder obligations and the consolidated
financial statements fairly present the results of the valuation. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt">


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 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Steven Finch </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Appointed Actuary </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Toronto, Canada </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">February&nbsp;7, 2018 </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Consolidated&nbsp;Financial&nbsp;Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL; font-size:14pt">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL; font-size:14pt">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>105</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Independent Auditors&#146; Report of Registered Public Accounting Firm </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>To the Shareholders of Manulife Financial Corporation </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Opinion on the Consolidated Financial Statements </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We have audited the accompanying consolidated financial statements of Manulife Financial Corporation, which comprise the Consolidated Statements of Financial Position as
at December&nbsp;31, 2017 and 2016, the Consolidated Statements of Income, Comprehensive Income, Changes in Equity and Cash Flows for the years then ended, and the related notes, comprising a summary of significant accounting policies and other
explanatory information (collectively referred to as the &#147;consolidated financial statements&#148;). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In our opinion, the consolidated financial statements
present fairly, in all material respects, the financial position of Manulife Financial Corporation as at December&nbsp;31, 2017 and 2016, and its financial performance and its cash flows for the years then ended in accordance with International
Financial Reporting Standards as issued by the International Accounting Standards Board. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Report on Internal Control over Financial
Reporting </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (&#147;PCAOB&#148;),
Manulife Financial Corporation&#146;s internal control over financial reporting as of December&nbsp;31, 2017, based on criteria established in Internal Control&nbsp;&#150;&nbsp;Integrated Framework issued by the Committee of Sponsoring Organizations
of the Treadway Commission (2013 framework) and our report dated February&nbsp;7, 2018 expressed an unqualified opinion on the effectiveness of Manulife Financial Corporation&#146;s internal control over financial reporting. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Basis for Opinion </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Management&#146;s Responsibility for the Consolidated Financial Statements </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with International Financial Reporting
Standards as issued by the International Accounting Standards Board, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether
due to fraud or error. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Auditors&#146; Responsibility </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We conducted our audits in accordance with Canadian generally
accepted auditing standards and the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement, whether
due to error or fraud. Those standards also require that we comply with ethical requirements, including independence. We are required to be independent with respect to Manulife Financial Corporation in accordance with the ethical requirements that
are relevant to our audit of the consolidated financial statements in Canada, the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We are a public accounting firm
registered with the PCAOB. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">An audit includes performing procedures to assess the risks of material misstatements of the consolidated financial statements, whether
due to error or fraud, and performing procedures to respond to those risks. Such procedures include obtaining and examining, on a test basis, audit evidence regarding the amounts and disclosures in the consolidated financial statements. The
procedures selected depend on our judgment, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to error or fraud. In making those risk assessments, we consider internal control
relevant to Manulife Financial Corporation&#146;s preparation and fair presentation of the consolidated financial statements in order to design audit procedures that are appropriate in the circumstances. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">An audit also includes evaluating the appropriateness of accounting policies and principles used and the reasonableness of accounting estimates made by management as well
as evaluating the overall presentation of the consolidated financial statements. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We believe that the audit evidence we have obtained in our audits is sufficient and
appropriate to provide a reasonable basis for our audit opinion. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We have served as Manulife Financial Corporation&#146;s auditors since 1905. </P>
<P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt">


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 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Chartered Professional Accountants </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Licensed Public
Accountants </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Toronto, Canada </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">February&nbsp;7, 2018 </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>106</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Independent Auditors&#146; Report of Registered Public Accounting Firm on Internal Control
Under Standards of the Public Company Accounting Oversight Board (United States) </B></FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>To the Shareholders of&nbsp;Manulife
Financial Corporation </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Opinion on Internal Control over Financial Reporting </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We have audited&nbsp;Manulife Financial Corporation&#146;s&nbsp;internal control over financial reporting as of&nbsp;December&nbsp;31, 2017, based on criteria established
in Internal Control&nbsp;&#150;&nbsp;Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) (the COSO criteria).&nbsp;In our opinion,&nbsp;Manulife Financial Corporation (the
&#147;Company&#148;)&nbsp;maintained, in all material respects, effective internal control over financial reporting as of&nbsp;December&nbsp;31, 2017, based on the COSO criteria. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We also have audited, in accordance with Canadian generally accepted auditing standards and the standards of the Public Company Accounting Oversight Board (United States)
(&#147;PCAOB&#148;), the&nbsp;Consolidated Statements of Financial Position as at December&nbsp;31, 2017 and 2016, and the Consolidated Statements of Income, Comprehensive Income, Changes in Equity and Cash Flows for the years then ended of Manulife
Financial Corporation,&nbsp;and our report dated&nbsp;February&nbsp;7, 2018, expressed&nbsp;an unqualified opinion thereon. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Basis for
Opinion </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company&#146;s management is responsible for maintaining effective internal control over financial reporting and for its assessment of the
effectiveness of internal control over financial reporting included in Management&#146;s Report on Internal Control Over Financial Reporting contained in the Management&#146;s Discussion and Analysis. Our responsibility is to express an opinion on
the Company&#146;s internal control over financial reporting based on our audit. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the ethical requirements
that are relevant to our audit of the consolidated financial statements in Canada, the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about
whether effective internal control over financial reporting was maintained in all material respects. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Our audit included obtaining an understanding of internal
control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered
necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Definition and Limitations of
Internal Control over Financial Reporting </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">A company&#146;s internal control over financial reporting is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board. A
company&#146;s internal control over financial reporting includes those policies and procedures that (1)&nbsp;pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the
assets of the company; (2)&nbsp;provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with International Financial Reporting Standards as issued by the International
Accounting Standards Board, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3)&nbsp;provide reasonable assurance regarding prevention or timely
detection of unauthorized acquisition, use, or disposition of the company&#146;s assets that could have a material effect on the financial statements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Because of
its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.&nbsp;Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate
because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. </P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g476443g83n38.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Chartered Professional Accountants </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Licensed Public
Accountants </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Toronto, Canada </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">February&nbsp;7, 2018 </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Consolidated&nbsp;Financial&nbsp;Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL; font-size:14pt">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL; font-size:14pt">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>107</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Consolidated Statements of Financial Position </B></FONT></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">(Canadian $ in millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash and short-term securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>15,965</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">15,151</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Debt securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>174,000</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">168,622</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Public equities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>21,545</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,496</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Mortgages</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>44,742</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,193</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Private placements</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>32,132</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29,729</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Policy loans</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5,808</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,041</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Loans to bank clients</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,737</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,745</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Real estate</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>13,810</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,132</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other invested assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>24,483</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">22,760</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total invested assets (note 4)</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>334,222</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">321,869</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Other assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accrued investment income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,182</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,260</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Outstanding premiums</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,148</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">845</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivatives (note 5)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>15,569</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,672</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Reinsurance assets (note 8)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>30,359</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,952</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Deferred tax assets (note 6)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,569</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,439</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Goodwill and intangible assets (note 7)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>9,840</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,107</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Miscellaneous</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>7,337</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">7,360</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total other assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>71,004</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">83,635</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Segregated funds net assets (note 22)</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>324,307</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">315,177</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;729,533</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;720,681</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Liabilities and Equity</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Insurance contract liabilities (note 8)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>304,605</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">297,505</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment contract liabilities (note 9)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,126</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,275</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Deposits from bank clients</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>18,131</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,919</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivatives (note 5)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7,822</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,151</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Deferred tax liabilities (note 6)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,281</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,359</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>14,926</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">15,596</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>349,891</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">349,805</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Long-term debt (note 11)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,785</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,696</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Capital instruments (note 12)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>8,387</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,180</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Segregated funds net liabilities (note 22)</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>324,307</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">315,177</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>687,370</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">677,858</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Equity</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Preferred shares (note 13)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,577</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,577</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Common shares (note 13)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>22,989</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,865</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Contributed surplus</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>277</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">284</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Shareholders&#146; retained earnings</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>10,083</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,759</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Shareholders&#146; accumulated other comprehensive income (loss):</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Pension and other post-employment plans</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(364</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(417</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Available-for-sale</FONT></FONT>
securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>179</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(394</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Cash flow hedges</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(109</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(232</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Translation of foreign operations and real estate revaluation
surplus</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>4,381</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">6,390</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total shareholders&#146; equity</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>41,013</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41,832</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Participating policyholders&#146; equity</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>221</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">248</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT STYLE="white-space:nowrap">Non-controlling</FONT>
interests</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>929</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">743</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total equity</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>42,163</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">42,823</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total liabilities and equity</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>729,533</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">720,681</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL">The accompanying notes are an integral part of these Consolidated Financial Statements. </P>
<P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="49%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="46%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em">


<IMG SRC="g476443g91f59.jpg" ALT="LOGO">
</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em">


<IMG SRC="g476443g29r80.jpg" ALT="LOGO">
</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Roy Gori</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">President and Chief Executive Officer</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Richard B. DeWolfe</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL">Chairman of the Board of
Directors</P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>108</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Consolidated Statements of Income </B></FONT></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><B></B>(Canadian $ in millions except per share amounts)<B></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Revenue</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Premium income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Gross premiums</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;36,361</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;36,659</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Premiums ceded to reinsurers</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(8,151</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(9,027</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net premiums</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>28,210</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">27,632</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment income (note 4)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Investment income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>13,649</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,390</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Realized and unrealized gains on assets supporting&nbsp;insurance and
investment contract liabilities and on the macro hedge program</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>5,718</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,134</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net investment income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>19,367</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">14,524</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other revenue</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>10,746</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">11,181</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total revenue</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>58,323</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">53,337</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Contract benefits and expenses</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">To contract holders and beneficiaries</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Gross claims and benefits (note 8)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>24,994</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,059</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Change in insurance contract liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>20,023</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,014</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Change in investment contract liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>173</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Benefits and expenses ceded to reinsurers</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(8,158</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8,097</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Change in reinsurance assets (note 8)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,269</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(842</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net benefits and claims</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>39,301</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,134</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">General expenses</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7,233</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,995</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment expenses (note 4)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,673</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,646</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Commissions</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6,116</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,818</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest expense</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,139</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,013</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net premium taxes</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>360</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">402</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total contract benefits and expenses</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>55,822</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">50,008</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Income before income taxes</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,501</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,329</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income tax expense (note 6)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(239</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(196</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net income</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,262</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">3,133</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net income (loss) attributed to:</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"><FONT STYLE="white-space:nowrap">Non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>194</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">143</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Participating policyholders</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(36</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">61</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Shareholders</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,104</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,929</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,262</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">3,133</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net income attributed to shareholders</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,104</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,929</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Preferred share dividends</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(159</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(133</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Common shareholders&#146; net income</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,945</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">2,796</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Earnings per share</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Basic earnings per common share (note 13)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.98</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Diluted earnings per common share (note 13)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.98</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.41</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Dividends per common share</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>0.82</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">0.74</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL">The accompanying notes are an integral part of these Consolidated Financial Statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Consolidated&nbsp;Financial&nbsp;Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL; font-size:14pt">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL; font-size:14pt">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>109</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Consolidated Statements of Comprehensive Income </B></FONT></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">(Canadian $ in millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net income</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;2,262</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&nbsp;&nbsp;&nbsp;3,133</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Other comprehensive income (loss) (&#147;OCI&#148;), net of tax:</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Items that may be subsequently reclassified to net income:</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Foreign exchange gains (losses) on:</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Translation of foreign operations</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(2,256</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,044</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Net investment hedges</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>227</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Available-for-sale</FONT></FONT> financial
securities:</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Unrealized gains (losses) arising during the year</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>601</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(218</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Reclassification of net realized gains and impairments to net income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(32</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(523</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash flow hedges:</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Unrealized gains arising during the year</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>110</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Reclassification of realized losses to net income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>13</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Share of other comprehensive income of associates</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total items that may be subsequently reclassified to net
income</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1,336</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(1,751</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Items that will not be reclassified to net income:</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Change in pension and other post-employment plans</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>53</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">104</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Real estate revaluation reserve</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>30</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total items that will not be reclassified to net
income</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>83</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">104</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Other comprehensive loss, net of tax</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1,253</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(1,647</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total comprehensive income, net of tax</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,009</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,486</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total comprehensive income (loss) attributed to:</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"><FONT STYLE="white-space:nowrap">Non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>192</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">141</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Participating policyholders</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(27</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">61</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Shareholders</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>844</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1,284</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Income Taxes included in Other Comprehensive Income </B></FONT></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="83%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">(Canadian $ in millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Income tax expense (recovery) on:</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Unrealized foreign exchange gains/losses on translation of foreign operations</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Unrealized foreign exchange gains/losses on net investment hedges</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>48</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Unrealized gains/losses on
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">available-for-sale</FONT></FONT> financial securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;284</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(15</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Reclassification of realized gains/losses and recoveries/impairments to net income on <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">available-for-sale</FONT></FONT> financial securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(183</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Unrealized gains/losses on cash flow hedges</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>49</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Reclassification of realized gains/losses to net income on cash flow hedges</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Change in pension and other post-employment plans</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>37</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Real estate revaluation reserve</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>9</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total income tax expense (recovery)</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>436</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(97</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL">The accompanying notes are an integral part of these Consolidated Financial Statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>110</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Consolidated Statements of Changes in Equity </B></FONT></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">(Canadian $ in millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Preferred shares</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Balance, beginning of year</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,577</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,693</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Issued (note 13)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">900</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Issuance costs, net of tax</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(16</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Balance, end of year</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,577</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">3,577</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Common shares</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Balance, beginning of year</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>22,865</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,799</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Issued on exercise of stock options</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>124</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">66</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Balance, end of year</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>22,989</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">22,865</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Contributed surplus</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Balance, beginning of year</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>284</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">277</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Exercise of stock options and deferred share units</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(22</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(12</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Stock option expense</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>15</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Balance, end of year</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>277</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">284</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Shareholders&#146; retained earnings</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Balance, beginning of year</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>9,759</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,398</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net income attributed to shareholders</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,104</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,929</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Preferred share dividends</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(159</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(133</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Common share dividends</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1,621</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(1,435</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Balance, end of year</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>10,083</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">9,759</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Shareholders&#146; accumulated other comprehensive income (loss) (&#147;AOCI&#148;)</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Balance, beginning of year</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5,347</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,992</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Change in unrealized foreign exchange gains (losses) of net foreign operations</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(2,029</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,042</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Change in actuarial gains (losses) on pension and other post-employment plans</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>53</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">104</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Change in unrealized gains (losses) on
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">available-for-sale</FONT></FONT> financial securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>572</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(739</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Change in unrealized gains (losses) on derivative instruments designated as cash flow hedges</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>123</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Change in real estate revaluation reserve</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>20</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Share of other comprehensive income of associates</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Balance, end of year</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>4,087</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">5,347</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total shareholders&#146; equity, end of year</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>41,013</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">41,832</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Participating policyholders&#146; equity</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Balance, beginning of year</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>248</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">187</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net income (loss) attributed to participating policyholders</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(36</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">61</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other comprehensive income attributed to policyholders</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>9</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Balance, end of year</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>221</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">248</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B><FONT STYLE="white-space:nowrap">Non-controlling</FONT> interests</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Balance, beginning of year</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>743</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">592</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net income attributed to <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>194</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">143</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other comprehensive loss attributed to <FONT STYLE="white-space:nowrap">non-controlling</FONT>
interests</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(2</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Contributions (distributions), net</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(6</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Balance, end of year</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>929</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">743</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total equity, end of year</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;42,163</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;42,823</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL">The accompanying notes are an integral part of these Consolidated Financial Statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Consolidated&nbsp;Financial&nbsp;Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL; font-size:14pt">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL; font-size:14pt">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>111</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Consolidated Statements of Cash Flows </B></FONT></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">(Canadian $ in millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Operating activities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,262</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,133</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Adjustments:</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Increase in insurance contract liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>20,023</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,014</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Increase in investment contract liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>173</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">(Increase) decrease in reinsurance assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,269</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(842</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Amortization of (premium) discount on invested assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>230</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">78</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other amortization</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>560</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">693</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Net realized and unrealized (gains) losses and impairment on assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(7,188</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,804</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Deferred income tax recovery</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(331</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(235</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Stock option expense</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>15</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash provided by operating activities before undernoted items</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>18,013</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,056</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Changes in policy related and operating receivables and
payables</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(222</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(1,039</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Cash provided by operating activities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>17,791</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">17,017</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Investing activities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Purchases and mortgage advances</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(87,224</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(104,059</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Disposals and repayments</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>70,720</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">82,001</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Change in investment broker net receivables and payables</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>227</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(186</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net cash decrease from sale and purchase of subsidiaries and
businesses</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(10</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(495</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Cash used in investing activities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(16,287</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(22,739</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Financing activities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Decrease in repurchase agreements and securities sold but not yet purchased</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(29</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(23</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Issue of long-term debt, net (note 11)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,899</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Redemption of long-term debt (note 11)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(607</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(158</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Issue of capital instruments, net (note 12)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,209</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">479</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Redemption of capital instruments (note 12)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(899</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(949</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Secured borrowing from securitization transactions</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>741</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">847</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Changes in deposits from Bank clients, net</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>261</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(157</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Shareholders&#146; dividends paid in cash</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,780</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,593</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Contributions from (distributions to) <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests,
net</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(6</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Common shares issued, net (note 13)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>124</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">66</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Preferred shares issued, net (note 13)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">884</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Cash provided by financing activities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>14</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">3,305</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Cash and short-term securities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Increase (decrease) during the year</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,518</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,417</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Effect of foreign exchange rate changes on cash and short-term securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(658</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(347</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Balance, beginning of year</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>14,238</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">17,002</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Balance, December&nbsp;31</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>15,098</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">14,238</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Cash and short-term securities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Beginning of year</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Gross cash and short-term securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>15,151</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,885</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net payments in transit, included in other liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(913</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(883</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net cash and short-term securities, January&nbsp;1</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>14,238</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">17,002</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>End of year</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Gross cash and short-term securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>15,965</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,151</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net payments in transit, included in other liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(867</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(913</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net cash and short-term securities, December&nbsp;31</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>15,098</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">14,238</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Supplemental disclosures on cash flow information</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest received</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>10,596</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">10,550</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest paid</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,118</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">983</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income taxes paid</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,360</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">841</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL">The accompanying notes are an integral part of these Consolidated Financial Statements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>112</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B><A NAME="index"></A><A NAME="ex99_1327881_2"></A>N<A NAME="ex99_1327881_600"></A>otes to
Consolidated Financial Statements </B></FONT></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="80%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><B>Page&nbsp;Number</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><B>Note</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">114</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Note&nbsp;1</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#fin476443_1">Nature of Operations and Significant Accounting Policies</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">121</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Note&nbsp;2</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#fin476443_2">Accounting and Reporting Changes</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">123</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Note&nbsp;3</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#fin476443_3">Acquisition and Distribution Agreement</A>s</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">124</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Note&nbsp;4</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#fin476443_4">Invested Assets and Investment Income</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">131</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Note&nbsp;5</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#fin476443_5">Derivative and Hedging Instruments</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">137</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Note&nbsp;6</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#fin476443_6">Income Taxes</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">139</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Note&nbsp;7</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#fin476443_7">Goodwill and Intangible Assets</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">141</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Note&nbsp;8</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#fin476443_8">Insurance Contract Liabilities and Reinsurance Assets</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">149</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Note&nbsp;9</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#fin476443_9">Investment Contract Liabilities</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">150</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Note&nbsp;10</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#fin476443_10">Risk Management</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">157</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Note&nbsp;11</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#fin476443_11">Long-Term Debt</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">158</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Note&nbsp;12</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#fin476443_12">Capital Instruments</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">158</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Note&nbsp;13</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#fin476443_13">Share Capital and Earnings Per Share</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">160</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Note&nbsp;14</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#fin476443_14">Capital Management</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">161</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Note&nbsp;15</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#fin476443_15">Stock-Based Compensation</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">163</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Note&nbsp;16</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#fin476443_16">Employee Future Benefits</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">167</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Note&nbsp;17</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#fin476443_17">Interests in Structured Entities</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">169</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Note&nbsp;18</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#fin476443_18">Commitments and Contingencies</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">171</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Note&nbsp;19</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#fin476443_19">Segmented Information</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">173</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Note&nbsp;20</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#fin476443_20">Related Parties</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">173</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Note&nbsp;21</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#fin476443_21">Subsidiaries</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">175</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Note&nbsp;22</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#fin476443_22">Segregated Funds</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">176</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Note&nbsp;23</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#fin476443_23">Information Provided in Connection with Investments in Deferred Annuity Contracts and <I>Signature</I>Notes Issued or Assumed by John Hancock Life Insurance Company (U.S.A.)</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">182</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Note&nbsp;24</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.20em; text-indent:-1.20em; font-size:10pt; font-family:ARIAL"><A HREF="#fin476443_24">Comparatives</A></P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>113</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Notes to Consolidated Financial Statements </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL">(Canadian $ in millions except per share amounts or unless otherwise stated) </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT
 COLOR="#2a517f"><B><A NAME="fin476443_1"></A>Note 1&nbsp;&nbsp;&nbsp;&nbsp;Nature of Operations and Significant Accounting Policies </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT
 COLOR="#1f320c"><B>(a) Reporting entity </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Manulife Financial Corporation (&#147;MFC&#148;) is a publicly traded company and the holding company of The
Manufacturers Life Insurance Company (&#147;MLI&#148;), a Canadian life insurance company. MFC and its subsidiaries (collectively, &#147;Manulife&#148; or the &#147;Company&#148;) is a leading financial services group with principal operations in
Asia, Canada and the United States. Manulife&#146;s international network of employees, agents and distribution partners offers financial protection and wealth management products and services to personal and business clients as well as asset
management services to institutional customers. The Company operates as Manulife in Canada and Asia and as John Hancock in the United States. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">MFC is domiciled in
Canada and incorporated under the Insurance Companies Act (Canada) (&#147;ICA&#148;). These Consolidated Financial Statements have been prepared in accordance with International Financial Reporting Standards (&#147;IFRS&#148;) as issued by the
International&nbsp;Accounting Standards Board (&#147;IASB&#148;). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">These Consolidated Financial Statements should be read in conjunction with &#147;Risk
Management&#148; in the 2017 Management&#146;s Discussion and Analysis (&#147;MD&amp;A&#148;) dealing with IFRS 7 &#147;Financial Instruments: Disclosures&#148; as the discussion on market risk and liquidity risk includes certain disclosures that
are considered an integral part of these Consolidated Financial Statements. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">These Consolidated Financial Statements as at and for the year ended December&nbsp;31,
2017 were authorized for issue by MFC&#146;s Board of Directors on February&nbsp;7, 2018. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(b) Basis of preparation </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The preparation of Consolidated Financial Statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the application
of accounting policies and the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities as at the date of the Consolidated Financial Statements, and the reported amounts of revenue and expenses during the
reporting periods. Actual results may differ from these estimates. The most significant estimation processes relate to assumptions used in measuring insurance and investment contract liabilities, assessing assets for impairment, determining of
pension and other post-employment benefit obligation and expense assumptions, determining income taxes and uncertain tax positions and fair valuation of certain invested assets. Estimates and underlying assumptions are reviewed on an ongoing basis.
Revisions to accounting estimates are recognized in the year in which the estimates are revised and in any future years affected. Although some variability is inherent in these estimates, management believes that the amounts recorded are
appropriate. The significant accounting policies used and the most significant judgments made by management in applying these accounting policies in the preparation of these Consolidated Financial Statements are summarized below. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(c) Fair value measurement </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Fair value is
defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction (not a forced liquidation or distress sale) between market participants at the measurement date, that is, an exit value. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">When available, quoted market prices are used to determine fair value. If quoted market prices are not available, fair value is typically based upon alternative valuation
techniques such as discounted cash flows, matrix pricing, consensus pricing services and other techniques. Broker quotes are generally used when external public vendor prices are not available. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company has a process in place that includes a review of price movements relative to the market, a comparison of prices between vendors, and a comparison to internal
matrix pricing which uses predominately external observable data. Judgment is applied in adjusting external observable data for items including liquidity and credit factors. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company categorizes its fair value measurements according to a three-level hierarchy. The hierarchy prioritizes the inputs used by the Company&#146;s valuation
techniques. A level is assigned to each fair value measurement based on the lowest level input significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are defined as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Level 1&nbsp;&#150;&nbsp;Fair value measurements that reflect unadjusted, quoted prices in active markets for identical assets and liabilities that the Company has the
ability to access at the measurement date reflecting market transactions. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Level 2&nbsp;&#150;&nbsp;Fair value measurements using inputs other than quoted prices
included within Level&nbsp;1 that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and
liabilities in inactive markets, inputs that are observable that are not prices (such as interest rates, credit risks, etc.) and inputs that are derived from or corroborated by observable market data. Most debt securities are classified within
Level&nbsp;2. Also, included in the Level&nbsp;2 category are derivative instruments that are priced using models with observable market inputs, including interest rate swaps, equity swaps, and foreign currency forward contracts. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Level 3&nbsp;&#150;&nbsp;Fair value measurements using significant <FONT STYLE="white-space:nowrap">non-market</FONT> observable inputs. These include valuations for
assets and liabilities that are derived using data, some or all of which is not market observable, including assumptions about risk. Level&nbsp;3 securities include&nbsp;less liquid securities such as structured asset-backed securities, commercial
mortgage-backed securities (&#147;CMBS&#148;), certain <FONT STYLE="white-space:nowrap">long-duration</FONT> bonds and other securities that have little or no price transparency. Embedded and complex derivative financial instruments as well as real
estate classified as investment property are also included in Level&nbsp;3. </P>
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<TD VALIGN="bottom" NOWRAP><FONT COLOR="#1f320c"><B>114</B></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation</TD>
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<TD VALIGN="bottom" NOWRAP>2017&nbsp;Annual&nbsp;Report</TD>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(d) Basis of consolidation </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">MFC consolidates the financial statements of all entities, including certain structured entities that it controls. Subsidiaries are entities controlled by the Company.
The Company has control over an entity when the Company has the power to govern the financial and operating policies of the entity, is exposed to variable returns from its activities which are significant in relation to the total variable returns of
the entity and the Company is able to use its power over the entity to affect its share of variable returns. In assessing control, significant judgment is applied while considering all relevant facts and circumstances. When assessing decision-making
power, the Company considers the extent of its rights relative to the management of an entity, the level of voting rights held in an entity which are potentially or presently exercisable, the existence of any contractual management agreements which
may provide the Company with power over an entity&#146;s financial and operating policies and to the extent of other parties&#146; ownership in an entity, if any, the possibility for de facto control being present. When assessing returns, the
Company considers the significance of direct and indirect financial and <FONT STYLE="white-space:nowrap">non-financial</FONT> variable returns to the Company from an entity&#146;s activities in addition to the proportionate significance of such
returns. The Company also considers the degree to which its interests are aligned with those of other parties investing in an entity and the degree to which it may act in its own interest. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The financial statements of subsidiaries are included in the MFC&#146;s consolidated results from the date control is established and are excluded from consolidation from
the date control ceases. The initial control assessment is performed at inception of the Company&#146;s involvement with the entity and is reconsidered at a later date if the Company acquires or loses power over key operating and financial policies
of the entity; acquires additional interests or disposes of interests in the entity; the contractual arrangements of the entity are amended such that the Company&#146;s proportionate exposure to variable returns changes; or if the Company&#146;s
ability to use its power to affect its variable returns from the entity changes. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company&#146;s Consolidated Financial Statements have been prepared using
uniform accounting policies for like transactions and events in similar circumstances. Intercompany balances, and income and expenses arising from intercompany transactions, have been eliminated in preparing the Consolidated Financial Statements.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="white-space:nowrap">Non-controlling</FONT> interests are interests of other parties in the equity of MFC&#146;s subsidiaries and are presented within
total equity, separate from the equity of MFC&#146;s shareholders. <FONT STYLE="white-space:nowrap">Non-controlling</FONT> interests in the net income and other comprehensive income (&#147;OCI&#148;) of MFC&#146;s subsidiaries are included in total
net income and total OCI, respectively. An exception to this occurs where the subsidiary&#146;s shares are required to be redeemed for cash on a fixed or determinable date, in which case other parties&#146; interests in the subsidiary&#146;s capital
are presented as liabilities of the Company and other parties&#146; <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests in the subsidiary&#146;s income and OCI are recorded as expenses of the Company. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The equity method of accounting is used to account for entities over which the Company has significant influence (&#147;associates&#148;), whereby the Company records its
share of the associate&#146;s net assets and financial results using uniform accounting policies for similar transactions and events. Significant judgment is used to determine whether voting rights, contractual management and other relationships
with the entity, if any, provide the Company with significant influence over the entity. Gains and losses on the sale of associates are included in income when realized, while impairment losses are recognized immediately when there is objective
evidence of impairment. Gains and losses on commercial transactions with associates are eliminated to the extent of the Company&#146;s interest in the associate. Investments in associates are included in other invested assets on the Company&#146;s
Consolidated Statements of Financial Position. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(e) Invested assets </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Invested assets that are considered financial instruments are classified as fair value through profit or loss (&#147;FVTPL&#148;), loans and receivables, or as <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">available-for-sale</FONT></FONT> (&#147;AFS&#148;) financial assets. The Company determines the classification of its financial assets at initial recognition. Invested assets are recognized
initially at fair value plus, in the case of investments not at FVTPL, directly attributable transaction costs. Invested assets are classified as financial instruments at FVTPL if they are held for trading, if they are designated by management under
the fair value option, or if they are designated by management when they include one or more embedded derivatives. Invested assets classified as AFS are <FONT STYLE="white-space:nowrap">non-derivative</FONT> financial assets that do not fall into
any of the other categories described above. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Valuation methods for the Company&#146;s invested assets are described above. All fair value valuations are performed in
accordance with IFRS 13 &#147;Fair Value Measurement&#148;. Disclosure of financial instruments carried at fair value with the three levels of the fair value hierarchy and the disclosure of the fair value for financial instruments not carried at
fair value on the Consolidated Statements of Financial Position are presented in note 4. Fair value valuations are performed by the Company and by third-party service providers. When third-party service providers are engaged, the Company performs a
variety of procedures to corroborate pricing information. These procedures may include, but are not limited to, inquiry and review of valuation techniques, inputs to the valuation and vendor controls reports. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Cash and short-term securities comprise cash, current operating accounts, overnight bank and term deposits, and fixed income securities held for the purpose of meeting
short-term cash commitments. Short-term securities are carried at fair value. Short-term securities are comprised of investments due to mature within one year of the date of purchase. Commercial paper and discount notes are classified as
Level&nbsp;2 because these securities are typically not actively traded. Net payments in transit and overdraft bank balances are included in other liabilities. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Debt
securities are carried at fair value. Debt securities are generally valued by independent pricing vendors using proprietary pricing models incorporating current market inputs for similar instruments with comparable terms and credit quality (matrix
pricing). The </P>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>115</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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significant inputs include, but are not limited to, yield curves, credit risks and spreads, measures of volatility and prepayment rates. These debt securities are classified as Level&nbsp;2, but
can be Level&nbsp;3 if the significant inputs are market unobservable. Realized gains and losses on sale of debt securities and unrealized gains and losses on debt securities designated as FVTPL are recognized in investment income immediately.
Unrealized gains and losses on AFS debt securities are recorded in OCI, with the exception of unrealized gains and losses on foreign currency translation which are included in income. Impairment losses on AFS debt securities are recognized in income
on an individual security basis when there is objective evidence of impairment. Impairment is considered to have occurred, based on management&#146;s judgment, when it is deemed probable that the Company will not be able to collect all amounts due
according to the debt security&#146;s contractual terms. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Equities are comprised of common and preferred equities and are carried at fair value. Equities are
generally classified as Level&nbsp;1, as fair values are normally based on quoted market prices. Realized gains and losses on sale of equities and unrealized gains and losses on equities designated as FVTPL are recognized in investment income
immediately. Unrealized gains and losses on AFS equities are recorded in OCI. Impairment losses on AFS equities are recognized in income on an individual security basis when there is objective evidence of impairment. Impairment is considered to have
occurred when fair value has declined below cost by significant amounts or for prolonged periods of time. Judgment is applied in determining whether the decline is significant or prolonged. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Mortgages are carried at amortized cost, and are classified as Level&nbsp;3 for fair value purposes due to the lack of market observability of certain significant
valuation inputs. Realized gains and losses are recorded in investment income immediately. Impairment losses are recorded on mortgages when there is no longer reasonable assurance as to the timely collection of the full amount of principal and
interest and are measured based on the discounted value of expected future cash flows at the original effective interest rates inherent in the mortgage. Expected future cash flows of impaired mortgages are typically determined in reference to the
fair value of collateral security underlying the mortgage, net of expected costs of realization and any applicable insurance recoveries. Significant judgment is applied in the determination of impairment including the timing and amount of future
collections. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company accounts for insured and uninsured mortgage securitizations as secured financing transactions since the criteria for sale accounting are not
met. For these transactions, the Company continues to recognize the mortgages and records a liability in other liabilities for the amounts owed at maturity. Interest income from these mortgages and interest expense on the borrowings are recorded
using the effective interest rate method. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Private placements, which include corporate loans for which there is no active market, are carried at amortized cost and
are generally classified as Level&nbsp;2 for fair value disclosure purposes, but can be classified as Level&nbsp;3 if significant inputs are market unobservable. Realized gains and losses are recorded in income immediately. Impairment losses are
recorded on private placements when there is no longer assurance as to the timely collection of the full amount of principal and interest. Impairment is measured based on the discounted value of expected future cash flows at the original effective
interest rate inherent in the loan. Significant judgment is applied in the determination of impairment including the timing and amount of future collections. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Policy
loans are carried at an amount equal to their unpaid balances and are classified as Level&nbsp;2 for fair value disclosure purposes. Policy loans are fully collateralized by the cash surrender value of the underlying policies. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Loans to Manulife Bank of Canada (&#147;Manulife Bank&#148; or &#147;Bank&#148;) clients are carried at unpaid principal balances less allowance for credit losses, if
any, and are classified as Level&nbsp;2 for fair value disclosure purposes. A loan to a Bank client is considered impaired when there is objective evidence of impairment as a result of one or more loss events that have occurred after initial
recognition, with a negative impact on the estimated future cash flows of the loan. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Once established, allowances for impairment of mortgages, private placements and
loans to Bank clients are reversed only if the conditions that caused the impairment no longer exist. Reversals of impairment charges on AFS debt securities are only recognized in income to the extent that increases in fair value can be attributed
to events subsequent to the impairment loss being recorded. Impairment losses for AFS equity instruments are not reversed through income. On disposition of an impaired asset, any allowance for impairment is released. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In addition to impairments and provisions for loan losses (recoveries) reported in investment income, the measurement of insurance contract liabilities via investment
return assumptions, includes expected future credit losses on fixed income investments. Refer to note&nbsp;8(d). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Interest income is recognized on debt securities,
mortgages, private placements, policy loans and loans to Bank clients as it accrues and is calculated using the effective interest rate method. Premiums, discounts and transaction costs are amortized over the life of the underlying investment using
the effective yield method for all debt securities as well as mortgages and private placements measured at amortized cost. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company records purchases and sales of
invested assets on a trade date basis, except for loans originated by the Company, which are recognized on a settlement date basis. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Real estate consists of both own
use and investment property. Own use property is carried at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is calculated based on the cost of an asset less its residual value and is recognized in income on a
straight-line basis over the estimated useful life ranging from 30 to 60 years. Impairment losses are recorded in income to the extent the recoverable amount is less than the carrying amount. Where own use property is included in assets backing
insurance contract liabilities, the fair value of the property is used in the valuation of insurance contract liabilities. Own use property is classified as Level&nbsp;3 for fair value disclosure purposes. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>116</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">An investment property is a property held to earn rental income, for capital appreciation, or both. Investment
properties are measured at fair value, with changes in fair value recognized in income. Fair value is determined using external appraisals that are based on the highest and best use of the property. The valuation techniques used include discounted
cash flows, the direct capitalization method as well as comparable sales analysis and include both observable and unobservable inputs. Inputs include existing and assumed tenancies, market data from recent comparable transactions, future economic
outlook and market risk assumptions, capitalization rates and internal rates of return. Investment properties are classified as Level&nbsp;3 for fair value disclosure purposes. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">When a property changes from own use to investment property, any gain arising on the remeasurement of the property to fair value at the date of transfer is recognized in
OCI, to the extent that it is not reversing a previous impairment loss. Reversals of impairment losses are recognized in income. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Other invested assets include
private equity and property investments held in power and infrastructure and timber, as well as in agriculture and oil and gas sectors. Private equity investments are accounted for as associates using the equity method (as described in note 1(d)
above) or are classified as FVTPL or AFS and carried at fair value. Investments in oil and gas exploration and evaluation activities are measured on the cost basis using the &#147;successful efforts&#148; method. Timber and agriculture properties
are measured at fair value with changes in fair value recognized in income, with the exception of buildings, equipment and bearer plants which are measured at amortized cost. The fair value of other invested assets is determined using a variety of
valuation techniques as described in note 4. Other invested assets that are measured or disclosed at fair value are classified as Level&nbsp;3. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Other invested assets
also include investments in leveraged leases, which are accounted for using the equity method. The carrying value under the equity method reflects the amortized cost of the lease receivable and related
<FONT STYLE="white-space:nowrap">non-recourse</FONT> debt using the effective yield method. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(f) Goodwill and intangible assets
</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Goodwill represents the difference between the purchase consideration of an acquired business and the Company&#146;s proportionate share of the net
identifiable assets acquired. It is initially recorded at cost and subsequently measured at cost less any accumulated impairment. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Goodwill is tested for impairment
at least annually and whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable at the cash generating unit (&#147;CGU&#148;) or group of CGUs level. The Company allocates goodwill to CGUs or groups of
CGUs for the purpose of impairment testing based on the lowest level within the entity in which the goodwill is monitored for internal management purposes. The allocation is made to those CGUs or groups of CGUs that are expected to benefit from the
business combination in which the goodwill arose. Any potential impairment of goodwill is identified by comparing the recoverable amount of a CGU or group of CGUs to its carrying value. Goodwill is reduced by the amount of deficiency, if any. If the
deficiency exceeds the carrying amount of goodwill, the carrying values of the remaining assets in the CGU or group of CGUs are subject to being reduced by the excess on a <FONT STYLE="white-space:nowrap">pro-rata</FONT> basis. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The recoverable amount of a CGU is the higher of the estimated fair value less costs to sell or the
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">value-in-use</FONT></FONT> of the CGU. In assessing <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">value-in-use,</FONT></FONT> estimated future cash flows are
discounted using a <FONT STYLE="white-space:nowrap">pre-tax</FONT> discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. In some cases, the most recent detailed calculation made in a
prior period of the recoverable amount of a CGU is used in the testing of impairment of goodwill in the current period. This is the case only if there are no significant changes to the CGU, the likelihood of impairment is remote based on the
analysis of current events and circumstances, and the most recent recoverable amount substantially exceeds the carrying amount of the CGU. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Intangible assets with
indefinite useful lives include the John Hancock brand name and certain investment management contracts. The indefinite useful life assessment for brand is based on the brand name being protected in markets where branded products are sold by
trademarks, which are renewable indefinitely, and for certain investment management contracts due to the ability to renew these contracts indefinitely. In addition, there are no legal, regulatory or contractual provisions that limit the useful lives
of these intangible assets. An intangible asset with an indefinite useful life is not amortized but is subject to an annual impairment test which is performed more frequently if there is an indication that it is not recoverable. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Intangible assets with finite useful lives include acquired distribution networks, customer relationships, capitalized software, certain investment management contracts
and other contractual rights. Distribution networks, customer relationships, and other finite life intangible assets are amortized over their estimated useful lives, six to 68 years, either based on straight-line or in relation to other asset
consumption metrics. Software intangible assets are amortized on a straight-line basis over their estimated useful lives of three to five years. Finite life intangible assets are assessed for indicators of impairment at each reporting period. If any
indication of impairment exists, these assets are subject to an impairment test. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(g) Miscellaneous assets </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Miscellaneous assets include assets held in a rabbi trust with respect to unfunded defined benefit obligations, defined benefit assets, if any (refer to note 1(o)),
deferred acquisition costs and capital assets. Deferred acquisition costs are carried at cost less accumulated amortization. These costs are recognized over the period where redemption fees may be charged or over the period revenue is earned.
Capital assets are carried at cost less accumulated amortization computed on a straight-line basis over their estimated useful lives, which vary from two to 10 years. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(h) Segregated funds </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company manages a
number of segregated funds on behalf of policyholders. The investment returns on these funds are passed directly to policyholders. In some cases, the Company has provided guarantees associated with these funds. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>117</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Segregated funds net assets are measured at fair value and primarily include investments in mutual funds, debt
securities, equities, real estate, short-term investments and cash and cash equivalents. With respect to the consolidation requirement of IFRS, in assessing the Company&#146;s degree of control over the underlying investments, the Company considers
the scope of its decision-making rights, the rights held by other parties, its remuneration as an investment manager and its exposure to variability of returns. The Company has determined that it does not have control over the underlying investments
as it acts as an agent on behalf of segregated fund policyholders. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The methodology applied to determine the fair value of investments held in segregated funds is
consistent with that applied to invested assets held by the general fund, as described above in note 1(e). Segregated funds liabilities are measured based on the value of the segregated funds net assets. Investment returns on segregated funds assets
belong to policyholders and the Company does not bear the risk associated with these assets outside of guarantees offered on certain variable life and annuity products, for which the underlying investments are held within segregated funds.
Accordingly, investment income earned by segregated funds and expenses incurred by segregated funds are offset and are not separately presented in the Consolidated Statements of Income. Fee income earned by the Company for managing the segregated
funds is included in other revenue. Refer to note 22. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Liabilities related to guarantees associated with certain segregated funds, as a result of certain variable
life and annuity contracts, are recorded within the Company&#146;s insurance contract liabilities. The Company holds assets supporting these guarantees which are recognized in invested assets according to their investment type. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(i) Insurance and investment contract liabilities </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Most contracts issued by the Company are considered insurance, investment or service contracts. Contracts under which the Company accepts significant insurance risk from
a policyholder are classified as insurance contracts in the Consolidated Financial Statements. A contract is considered to have significant insurance risk if, and only if, an insured event could cause an insurer to make significant additional
payments in any scenario, excluding scenarios that lack commercial substance at the inception of the contract. Contracts under which the Company does not accept significant insurance risk are either classified as investment contracts or considered
service contracts and are accounted for in accordance with IAS 39<I> &#147;</I>Financial Instruments: Recognition and Measurement<I>&#148;</I> or IAS 18 &#147;Revenue&#148;, respectively. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Once a contract has been classified as an insurance contract it remains an insurance contract even if the insurance risk reduces significantly. Investment contracts can
be reclassified as insurance contracts if insurance risk subsequently becomes significant. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Insurance contract liabilities, net of reinsurance assets, represent the
amount which, together with estimated future premiums and net investment income, will be sufficient to pay estimated future benefits, policyholder dividends and refunds, taxes (other than income taxes) and expenses on policies <FONT
STYLE="white-space:nowrap">in-force.</FONT> Insurance contract liabilities are presented gross of reinsurance assets on the Consolidated Statements of Financial Position. The Company&#146;s Appointed Actuary is responsible for determining the amount
of insurance contract liabilities in accordance with standards established by the Canadian Institute of Actuaries. Insurance contract liabilities, net of reinsurance assets, have been determined using the Canadian Asset Liability Method
(&#147;CALM&#148;) as permitted by IFRS 4 &#147;Insurance Contracts&#148;. Refer to note 8. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Investment contract liabilities include contracts issued to retail and
institutional investors that do not contain significant insurance risk. Investment contract liabilities and deposits are measured at amortized cost or at fair value by election. The election reduces accounting mismatches between assets supporting
these contracts and the related policy liabilities. Investment contract liabilities are derecognized when the contract expires, is discharged or is cancelled. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Derivatives embedded within insurance contracts are separated if they are not considered to be closely related to the host insurance contract and do not meet the
definition of an insurance contract. These embedded derivatives are presented separately in other assets or other liabilities and are measured at fair value with changes in fair value recognized in income. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(j) Reinsurance assets </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company uses
reinsurance in the normal course of business to manage its risk exposure. Insurance ceded to a reinsurer does not relieve the Company from its obligations to policyholders. The Company remains liable to its policyholders for the portion reinsured to
the extent that any reinsurer does not meet its obligations for reinsurance ceded to it under a reinsurance agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Reinsurance assets represent the benefit
derived from reinsurance agreements <FONT STYLE="white-space:nowrap">in-force</FONT> at the reporting date, taking into account the financial condition of the reinsurer. Amounts recoverable from reinsurers are estimated in accordance with the terms
of the relevant reinsurance contract. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Gains or losses on reinsurance transactions are recognized in income immediately on the transaction date and are not amortized.
Premiums ceded and claims reimbursed are presented on a gross basis on the Consolidated Statements of Income. Reinsurance assets are not offset against the related insurance contract liabilities and are presented separately on the Consolidated
Statements of Financial Position. Refer to note 8(a). </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(k) Other financial instruments accounted for as liabilities </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company issues a variety of other financial instruments classified as liabilities, including notes payable, term notes, senior notes, senior debentures, subordinated
notes, surplus notes, subscription receipts and preferred shares. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">These financial liabilities are measured at amortized cost, with issuance costs deferred and
amortized using the effective interest rate method. </P>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>118</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(l) Income taxes </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The provision for income taxes is calculated based on income tax laws and income tax rates substantively enacted as at the date of the Consolidated Statements of
Financial Position. The income tax provision is comprised of current income taxes and deferred income taxes. Current and deferred income taxes relating to items recognized in OCI and directly in equity are similarly recognized in OCI and directly in
equity, respectively. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Current income taxes are amounts expected to be payable or recoverable as a result of operations in the current year and any adjustments to
taxes payable in respect of previous years. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Deferred income taxes are provided for using the liability method and result from temporary differences between the
carrying values of assets and liabilities and their respective tax bases. Deferred income taxes are measured at the substantively enacted tax rates that are expected to be applied to temporary differences when they reverse. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">A deferred tax asset is recognized to the extent that future realization of the tax benefit is probable. Deferred tax assets are reviewed at each reporting date and are
reduced to the extent that it is no longer probable that the tax benefit will be realized. Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and assets and they relate to income
taxes levied by the same tax authority on the same taxable entity. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Deferred tax liabilities are recognized for all taxable temporary differences, except in respect
of taxable temporary differences associated with investments in subsidiaries and associates, where the timing of the reversal of the temporary differences can be controlled and it is probable that the temporary differences will not reverse in the
foreseeable future. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company records provisions for uncertain tax positions if it is probable that the Company will make a payment on tax positions as a result of
examinations by tax authorities. These provisions are measured at the Company&#146;s best estimate of the amount expected to be paid. Provisions are reversed to income in the period in which management assesses they are no longer required or
determined by statute. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company is subject to income tax laws in various jurisdictions. Tax laws are complex and potentially subject to different interpretations
by the taxpayer and the relevant tax authority. The provision for income taxes and deferred income taxes represents management&#146;s interpretation of the relevant tax laws and its estimate of current and future income tax implications of the
transactions and events during the year. The Company may be required to change its provision for income taxes or deferred income tax balances when the ultimate deductibility of certain items is successfully challenged by taxing authorities, or if
estimates used in determining the amount of deferred tax asset to recognize change significantly, or when receipt of new information indicates the need for adjustment in the amount of deferred income taxes to be recognized. Additionally, future
events, such as changes in tax laws, tax regulations, or interpretations of such laws or regulations, could have an impact on the provision for income taxes, deferred tax balances and the effective tax rate. Any such changes could materially affect
the amounts reported in the Consolidated Financial Statements in the period these changes occur. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(m) Foreign currency translation
</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Items included in the financial statements of each of the Company&#146;s subsidiaries are measured by each subsidiary using the currency of the primary
economic environment in which the entity operates (the &#147;functional currency&#148;). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Transactions in a foreign currency are translated to the functional currency
at the exchange rate prevailing at the date of the transaction. Assets and liabilities denominated in foreign currencies are translated to the functional currency at the exchange rate in effect at the reporting date. Revenue and expenses denominated
in foreign currencies are translated at the average exchange rate prevailing during the quarter reported. Exchange gains and losses are recognized in income with the exception of translation of net investments in foreign operations and the results
of hedging these positions. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">These foreign exchange gains and losses are recognized in OCI until such time that the foreign operation is disposed of or control or
significant influence over it is lost. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(n) Stock-based compensation </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company provides stock-based compensation to certain employees and directors as described in note 15. Compensation expense of equity instruments is accrued based on
the best estimate of the number of instruments expected to vest, with revisions made to that estimate if subsequent information indicates that actual forfeitures are likely to differ from initial estimates, unless forfeitures are due to market-based
conditions. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Stock options are expensed with a corresponding increase in contributed surplus. Restricted share units and deferred share units are expensed with a
corresponding liability accrued based on the market value of MFC&#146;s common shares at the end of each quarter. Performance share units are expensed with a corresponding liability accrued based on specific performance conditions and the market
value of MFC&#146;s common shares at the end of each quarter. The change in the value of the awards resulting from changes in the market value of MFC&#146;s common shares or changes in the specific performance conditions and credited dividends is
recognized in income, offset by the impact of total return swaps used to manage the variability of the related liability. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Stock-based compensation cost is recognized
over the applicable vesting period, except if the employee is eligible to retire at the time of grant or will be eligible to retire during the vesting period. Compensation cost, attributable to stock options, restricted share units, and performance
share units granted to employees who are eligible to retire on the grant date or who will become eligible to retire during the vesting period, is recognized at the grant date or over the period from the grant date to the date of retirement
eligibility, respectively. </P>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>119</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company&#146;s contributions to the Global Share Ownership Plan (&#147;GSOP&#148;) (refer to note 15(d)), are
expensed as incurred. Under the GSOP, subject to certain conditions, the Company will match a percentage of an employee&#146;s eligible contributions to certain maximums. All contributions are used by the plan&#146;s trustee to purchase MFC common
shares in the open market. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(o) Employee future benefits </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company maintains defined contribution and defined benefit pension plans and other post-employment plans for employees and agents including registered (tax qualified)
pension plans that are typically funded as well as supplemental <FONT STYLE="white-space:nowrap">non-registered</FONT> <FONT STYLE="white-space:nowrap">(non-qualified)</FONT> pension plans for executives, retiree welfare plans and disability welfare
plans that are typically not funded. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company&#146;s obligation in respect of defined benefit pension and other post-employment benefits is calculated for each
plan as the estimated present value of future benefits that eligible employees have earned in return for their service up to the reporting date using the projected benefit method. The discount rate used is based on the yield, as at the reporting
date, of high quality corporate debt securities that have approximately the same term as the obligations and that are denominated in the same currency in which the benefits are expected to be paid. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">To determine the Company&#146;s net defined benefit asset or liability, the fair value of plan assets is deducted from the defined benefit obligations. When this
calculation results in a surplus, the asset that can be recognized is limited to the present value of future economic benefit available in the form of future refunds from the plan or reductions in future contributions to the plan (the asset limit).
Defined benefit assets are included in other assets and defined benefit liabilities are included in other liabilities. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Changes in the net defined benefit asset or
liability due to <FONT STYLE="white-space:nowrap">re-measurement</FONT> of pension and retiree welfare plans are recorded in OCI in the period in which they occur and are not reclassified to income in subsequent periods. They consist of actuarial
gains and losses, the impact of the asset limit, if any, and the return on plan assets, excluding amounts included in net interest income or expense. Changes in the net defined benefit asset or liability due to
<FONT STYLE="white-space:nowrap">re-measurement</FONT> of disability welfare plans are recorded in income in the period in which they occur. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The cost of defined
benefit pension plans is recognized over the employee&#146;s years of service to retirement while the cost of retiree welfare plans is recognized over the employee&#146;s years of service to their date of full eligibility. The net benefit cost for
the year is recorded in income and is calculated as the sum of the service cost in respect of the fiscal year, the net interest income or expense and any applicable administration expenses, plus past service costs or credits resulting from plan
amendments or curtailments. The net interest income or expense is determined by applying the discount rate to the net defined benefit asset or liability. The current year cost of disability welfare plans is the year-over-year change in the defined
benefit obligation, including any actuarial gains or losses. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The cost of defined contribution plans is the contribution provided by the Company and is recorded in
income in the periods during which services are rendered by employees. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(p) Derivative and hedging instruments </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company uses derivative financial instruments (&#147;derivatives&#148;) including swaps, forward and futures agreements, and options to manage current and anticipated
exposures to changes in interest rates, foreign exchange rates, commodity prices and equity market prices, and to replicate permissible investments. Derivatives embedded in other financial instruments (&#147;host instruments&#148;) are separately
recorded as derivatives when their economic characteristics and risks are not closely related to those of the host instrument, the terms of the embedded derivative are the same as those of a standalone derivative and the host instrument itself is
not recorded at FVTPL. Derivatives are recorded at fair value. Derivatives with unrealized gains are reported as derivative assets and derivatives with unrealized losses are reported as derivative liabilities. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">A determination is made for each derivative as to whether to apply hedge accounting. Where hedge accounting is not applied, changes in the fair value of derivatives are
recorded in investment income. Refer to note 4(c). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Where the Company has elected to apply hedge accounting, a hedging relationship is designated and documented at
inception. Hedge effectiveness is evaluated at inception and throughout the term of the hedge and hedge accounting is only applied when the Company expects that the hedging relationship will be highly effective in achieving offsetting changes in
fair value or changes in cash flows attributable to the risk being hedged. The assessment of hedge effectiveness is performed at the end of each reporting period both prospectively and retrospectively. When it is determined that a hedging
relationship is no longer effective, or the hedging instrument or the hedged item has been sold or terminated, the Company discontinues hedge accounting prospectively. In such cases, if the derivatives are not sold or terminated, any subsequent
changes in fair value of the derivatives are recognized in investment income. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">For derivatives that are designated as hedging instruments, changes in fair value are
recognized according to the nature of the risks being hedged, as discussed below. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In a fair value hedging relationship, changes in fair value of the hedging
instruments are recorded in investment income, offsetting changes in fair value of the hedged items, which would otherwise not be carried at fair value. Hedge ineffectiveness is recognized in investment income and arises from differences between
changes in the fair values of hedging instruments and hedged items. When hedge accounting is discontinued, the carrying value of the hedged item is no longer adjusted and the cumulative fair value adjustments are amortized to investment income over
the remaining term of the hedged item unless the hedged item is sold, at which time the balance is recognized immediately in investment income. </P>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>120</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In a cash flow hedging relationship, the effective portion of the change in the fair value of the hedging instrument is
recorded in OCI while the ineffective portion is recognized in investment income. Gains and losses in accumulated other comprehensive income (&#147;AOCI&#148;) are recognized in income during the same periods as the variability in the hedged cash
flows or the hedged forecasted transactions are recognized in income. The reclassifications from accumulated other comprehensive income (&#147;AOCI&#148;) are made to investment income, with the exception of total return swaps that hedge restricted
share units, which are reclassified to general expenses. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Gains and losses on cash flow hedges in AOCI are reclassified immediately to investment income when the
hedged item is sold or the forecasted transaction is no longer expected to occur. When a hedge is discontinued, but the hedged forecasted transaction remains highly probable to occur, the amounts in AOCI are reclassified to investment income in the
periods during which variability in the cash flows hedged or the hedged forecasted transaction is recognized in income. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In a net investment in foreign operations
hedging relationship, the gains and losses relating to the effective portion of the hedge are recorded in OCI. Gains and losses in AOCI are recognized in income during the periods when gains or losses on the underlying hedged net investment in
foreign operations are recognized in income. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(q) Premium income and related expenses </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Gross premiums for all types of insurance contracts, and contracts with limited mortality or morbidity risk, are generally recognized as revenue when due. Premiums are
reported gross of reinsurance ceded (refer to note 8). Revenue on service contracts is recognized as services are rendered. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B><A NAME="fin476443_2">
</A>Note 2&nbsp;&nbsp;&nbsp;&nbsp;Accounting and Reporting Changes </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(a) Changes in accounting policy </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(I) Annual improvements to IFRS Standards 2014 &#150; 2016 Cycle </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Effective January&nbsp;1, 2017, the Company adopted certain amendments issued within the Annual Improvements to IFRS Standards 2014-2016 Cycle, as issued by the IASB in
December 2016. There are various minor amendments which are effective in 2017, with other amendments being effective January&nbsp;1, 2018. The currently effective amendments were applied retrospectively. Adoption of these amendments did not have a
significant impact on the Company&#146;s Consolidated Financial Statements. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(II) Amendments to IAS 12 &#147;Income Taxes&#148;
</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Effective January&nbsp;1, 2017, the Company adopted the amendments issued in January 2016 to IAS 12 &#147;Income Taxes&#148;. These amendments were
applied retrospectively. The amendments clarify recognition of deferred tax assets relating to unrealized losses on debt instruments measured at fair value. A deductible temporary difference arises when the carrying amount of the debt instrument
measured at fair value is less than the cost for tax purposes, irrespective of whether the debt instrument is held for sale or held to maturity. The recognition of the deferred tax asset that arises from this deductible temporary difference is
considered in combination with other deferred taxes applying local tax law restrictions where applicable. In addition, when estimating future taxable profits, consideration can be given to recovering more than the asset&#146;s carrying amount where
probable. Adoption of these amendments did not have a significant impact on the Company&#146;s Consolidated Financial Statements. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(III)
Amendments to IAS 7 &#147;Statement of Cash Flows&#148; </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Effective January&nbsp;1, 2017, the Company adopted the amendments issued in January 2016 to IAS 7
&#147;Statement of Cash Flows&#148;. These amendments were applied prospectively. These amendments require companies to provide information about changes in their financing liabilities. Adoption of these amendments did not have a significant impact
on the Company&#146;s Consolidated Financial Statements. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(b) Future accounting and reporting changes </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(I) IFRS 15 &#147;Revenue from Contracts with Customers&#148; </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">IFRS 15 &#147;Revenue from Contracts with Customers&#148; was issued in May 2014, and replaces IAS 11 &#147;Construction Contracts&#148; IAS 18 &#147;Revenue&#148; and
several interpretations. Amendments to IFRS 15 were issued in April 2016. IFRS 15 as amended is effective for annual periods beginning on or after January&nbsp;1, 2018. The Company will adopt IFRS 15 effective January&nbsp;1, 2018, using the
modified retrospective method with no restatement of comparative information. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">IFRS 15 clarifies revenue recognition principles, provides a robust framework for
recognizing revenue and cash flows arising from contracts with customers and enhances qualitative and quantitative disclosure requirements. IFRS 15 does not apply to insurance contracts, financial instruments and lease contracts. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company&#146;s service arrangements are generally satisfied over time, with revenue measured and collected from customers within a short term, as services are
rendered. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Adoption of IFRS 15 is not expected to have a significant impact on the Company&#146;s Consolidated Financial Statements. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(II) IFRS Interpretation Committee (&#147;IFRIC&#148;) Interpretation 22 &#147;Foreign Currency Transactions and Advance Consideration&#148;
</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">IFRIC 22 &#147;Foreign Currency Transactions and Advance Consideration&#148; was issued in December 2016 and is effective for annual periods beginning on
or after January&nbsp;1, 2018 and may be applied retrospectively or prospectively. IFRIC 22 addresses which foreign </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>121</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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exchange rate to use to measure a foreign currency transaction when advance payments are made or received and <FONT STYLE="white-space:nowrap">non-monetary</FONT> assets or liabilities are
recognized prior to recognition of the underlying transaction. IFRIC 22 does not relate to goods or services accounted for at fair value or at the fair value of consideration paid or received at a date other than the date of initial recognition of
the <FONT STYLE="white-space:nowrap">non-monetary</FONT> asset or liability, or to income taxes, insurance contracts or reinsurance contracts. The foreign exchange rate on the day of the advance payment is used to measure the foreign currency
transaction. If multiple advance payments are made or received, each payment is measured separately. The Company is assessing the impact of this standard. Adoption of IFRIC 22 is not expected to have a significant impact on the Company&#146;s
Consolidated Financial Statements. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(III) Amendments to IFRS 2 &#147;Share-Based Payment&#148; </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Amendments to IFRS 2 &#147;Share-Based Payment&#148; were issued in June 2016 and are effective for annual periods beginning on or after January&nbsp;1, 2018, to be
applied prospectively. The amendments clarify the effects of vesting and <FONT STYLE="white-space:nowrap">non-vesting</FONT> conditions on the measurement of cash-settled share-based payments; provide guidance on the classification of share-based
payment transactions with net settlement features for withholding tax obligations; and clarify accounting for modification to the terms and conditions of a share-based payment that changes the classification of the transaction from cash-settled to
equity-settled. Adoption of these amendments is not expected to have a significant impact on the Company&#146;s Consolidated Financial Statements. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT
 COLOR="#1f320c"><B>(IV) IFRS 9 &#147;Financial Instruments&#148; </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">IFRS 9 &#147;Financial Instruments&#148; was issued in November 2009 and amended in
October 2010, November 2013 and July 2014, and is effective for years beginning on or after January&nbsp;1, 2018, to be applied retrospectively, or on a modified retrospective basis. Additionally, the IASB issued amendments in October 2017 that are
effective for annual periods beginning on or after January&nbsp;1,&nbsp;2019. The standard is intended to replace IAS 39 &#147;Financial Instruments: Recognition and Measurement&#148;. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The project has been divided into three phases: classification and measurement, impairment of financial assets, and hedge accounting. IFRS 9&#146;s current classification
and measurement methodology provides that financial assets are measured at either amortized cost or fair value on the basis of the entity&#146;s business model for managing the financial assets and the contractual cash flow characteristics of the
financial assets. The classification and measurement for financial liabilities remains generally unchanged; however, for a financial liability designated as at fair value through profit or loss, revisions have been made in the accounting for changes
in fair value attributable to changes in the credit risk of that liability. Gains or losses caused by changes in an entity&#146;s own credit risk on such liabilities are no longer recognized in profit or loss but instead are reflected in OCI. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Revisions to hedge accounting were issued in November 2013 as part of the overall IFRS 9 project. The amendment introduces a new hedge accounting model, together with
corresponding disclosures about risk management activities for those applying hedge accounting. The new model represents a substantial overhaul of hedge accounting that will enable entities to better reflect their risk management activities in their
financial statements. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Revisions issued in July 2014 replace the existing incurred loss model used for measuring the allowance for credit losses with an expected
credit loss model. Changes were also made to the existing classification and measurement model designed primarily to address specific application issues raised by early adopters of the standard. The revision also addresses the income statement
accounting mismatches and short-term volatility issues which have been identified as a result of the insurance contracts project. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Revisions issued in October 2017
allow financial assets to be measured at amortized cost or fair value through OCI even if the lender is required to pay a reasonable compensation in the event of an early termination of the contract by the borrower (also referred to as prepayment
features with negative compensation). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company expects to defer IFRS 9 until January&nbsp;1, 2021 as allowed under the amendments to IFRS 4 &#147;Insurance
Contracts&#148; outlined below. The Company is assessing the impact of this standard. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(V) Amendments to IFRS 4 &#147;Insurance
Contracts&#148; </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Amendments to IFRS 4 &#147;Insurance Contracts&#148; were issued in September 2016, which are effective for annual periods beginning on or
after January&nbsp;1, 2018. The amendments introduce two approaches to address concerns about the differing effective dates of IFRS 9 &#147;Financial Instruments&#148; and IFRS 17 &#147;Insurance Contracts&#148;: the overlay approach and the
deferral approach. The overlay approach provides an option for all issuers of insurance contracts to adjust profit or loss for eligible financial assets by removing any additional accounting volatility that may arise from applying IFRS 9 before IFRS
17 is implemented. The deferral approach provides companies whose activities are predominantly related to insurance an optional temporary exemption from applying IFRS 9 until January&nbsp;1, 2021. The Company qualifies for the exemption and intends
to defer IFRS 9 until January&nbsp;1, 2021. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(VI) IFRS 17 &#147;Insurance Contracts&#148; </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">IFRS 17 was issued in May 2017 and is effective for years beginning on January&nbsp;1, 2021, and to be applied retrospectively. If full retrospective application to a
group of contracts is impractical, the modified retrospective or fair value methods may be used. The standard will replace IFRS 4 &#147;Insurance Contracts&#148; and will materially change the recognition and measurement of insurance contracts and
the corresponding presentation and disclosures in the Company&#146;s Financial Statements and MD&amp;A. The Company is assessing the implications of this standard and expects that it will have a significant impact on the Company&#146;s Consolidated
Financial Statements. In addition, in certain jurisdictions, including Canada, it could have a material effect on tax and regulatory capital positions that are dependent upon IFRS accounting values. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>122</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">For life insurance companies, such as Manulife, that have long-duration products and/or regulatory and tax regimes
dependent upon IFRS accounting values, the Company believes that an effective date of January&nbsp;1, 2021 is aggressive. Therefore, while the Company&#146;s implementation project is well underway, the Company and others in the life insurance
industry are encouraging the IASB to defer the effective date. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(VII) IFRS 16 &#147;Leases&#148; </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">IFRS 16 &#147;Leases&#148; was issued in January 2016 and is effective for years beginning on or after January&nbsp;1, 2019, to be applied retrospectively or on a
modified retrospective basis. It will replace IAS 17 &#147;Leases&#148; and IFRIC 4 &#147;Determining whether an arrangement contains a lease&#148;. IFRS 16 sets out the principles for the recognition, measurement, presentation and disclosure of
leases for both parties to a contract, the customer (&#147;lessee&#148;) and the supplier (&#147;lessor&#148;). The standard brings most leases <FONT STYLE="white-space:nowrap">on-balance</FONT> sheet for lessees under a single model, eliminating
the previous classifications of operating and finance leases. Exemptions to this treatment are for lease contracts with low value assets or leases with duration of less than one year. The <FONT STYLE="white-space:nowrap">on-balance</FONT> sheet
treatment will result in the grossing up of the balance sheet due to <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">right-of-use</FONT></FONT> assets being recognized with offsetting liabilities. Lessor accounting will remain
largely unchanged with previous classifications of operating and finance leases being maintained. The Company is assessing the impact of this standard. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT
 COLOR="#1f320c"><B>(VIII) IFRS Interpretation Committee (&#147;IFRIC&#148;) Interpretation 23 &#147;Uncertainty over Income Tax Treatments&#148; </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">IFRIC 23
&#147;Uncertainty over Income Tax Treatments&#148; was issued in June 2017 and is effective for years beginning on or after January&nbsp;1,&nbsp;2019, to be applied retrospectively. IFRIC 23 provides guidance on applying the recognition and
measurement requirements in IAS 12 when there is uncertainty over income tax treatments including whether uncertain tax treatments should be considered together or separately based on which approach better predicts resolution of the uncertainty.
Adoption of IFRIC 23 is not expected to have a significant impact on the Company&#146;s Consolidated Financial Statements. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(IX) Amendments
to IAS 28 &#147;Investments in Associates and Joint Ventures&#148; </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Amendments to IAS 28 &#147;Investments in Associates and Joint Ventures&#148; were
issued in October 2017 and are effective for annual periods beginning on or after January&nbsp;1, 2019, to be applied retrospectively. The amendments clarify that an entity applies IFRS 9 &#147;Financial Instruments&#148; to financial interests in
an associate or joint venture to which the equity method is not applied. IAS 39 is being applied to these interests until IFRS 9 is adopted in 2021. Adoption of these amendments is not expected to have a significant impact on the Company&#146;s
Consolidated Financial Statements. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(X) Annual Improvements 2015 &#150; 2017 Cycle </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Annual Improvements 2015&nbsp;&#150;&nbsp;2017 Cycle was issued in December 2017 and is effective for years beginning on or after January&nbsp;1,&nbsp;2019. The IASB
issued three minor amendments to different standards as part of the Annual Improvements process, with the amendments to be applied prospectively. Adoption of these amendments is not expected to have significant impact on the Company&#146;s
Consolidated Financial Statements. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B><A NAME="fin476443_3"></A>Note 3&nbsp;&nbsp;&nbsp;&nbsp;Acquisition and Distribution Agreements
</B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(a) Mandatory Provident Fund business of Standard Chartered </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">On November&nbsp;1, 2016, the <I>C</I>ompany completed its acquisition of Standard <I>C</I>hartered&#146;s Mandatory Provident Fund (&#147;MPF&#148;) and Occupational
Retirement Schemes Ordinance (&#147;ORSO&#148;) businesses in Hong Kong, and the related investment management entity. In addition, on November&nbsp;1, 2016, the <I>C</I>ompany commenced its <FONT STYLE="white-space:nowrap">15-year</FONT> exclusive
distribution partnership with Standard <I>C</I>hartered. These arrangements significantly expand Manulife&#146;s retirement business in Hong Kong. Total consideration of $392 was paid in cash. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(b) Distribution agreement with DBS Bank Ltd (&#147;DBS&#148;) </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Effective January&nbsp;1, 2016, the <I>C</I>ompany entered into a <FONT STYLE="white-space:nowrap">15-year</FONT> regional distribution agreement with DBS covering
Singapore, Hong&nbsp;Kong, mainland <I>C</I>hina and Indonesia. The arrangement expands the <I>C</I>ompany&#146;s strategy for growth in Asia. The <I>C</I>ompany recognized $536 of distribution network intangible assets on the agreement&#146;s
effective date. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>123</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B><A NAME="fin476443_4"></A>Note 4&nbsp;&nbsp;&nbsp;&nbsp; Invested Assets and Investment
Income </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(a) Carrying values and fair values of invested assets </B></FONT></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="56%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">FVTPL<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">AFS<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Other<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Total&nbsp;carrying<BR>value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Total fair<BR>value<SUP STYLE="font-size:85%; vertical-align:top">(9)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash and short-term securities<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>439</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>11,429</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,097</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>15,965</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>15,965</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Debt securities<SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Canadian government and agency</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>17,886</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,892</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>22,778</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>22,778</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">U.S. government and agency</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>12,497</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>13,472</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>25,969</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>25,969</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other government and agency</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>16,838</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,988</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>19,826</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>19,826</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Corporate</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>96,785</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5,366</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>102,151</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>102,151</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Mortgage/asset-backed securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,018</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>258</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,276</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,276</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Public equities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>18,473</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,072</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>21,545</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>21,545</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Mortgages</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>44,742</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>44,742</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>46,065</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Private placements</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>32,132</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>32,132</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>34,581</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Policy loans</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5,808</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5,808</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5,808</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Loans to Bank clients</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,737</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,737</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,742</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Real estate</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Own use property<SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,281</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,281</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,448</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Investment property</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>12,529</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>12,529</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>12,529</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other invested assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Alternative long-duration assets<SUP STYLE="font-size:85%; vertical-align:top">(7)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>12,018</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>88</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>8,624</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>20,730</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>21,053</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Various other<SUP STYLE="font-size:85%; vertical-align:top">
(8)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>142</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,611</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,753</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,752</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total invested assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;178,096</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;41,565</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;114,561</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;334,222</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;339,488</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">FVTPL<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">AFS<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">Other<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;<BR></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">Total&nbsp;carrying<BR>value</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;<BR><SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">Total fair<BR>value<SUP STYLE="font-size:85%; vertical-align:top">(9)</SUP></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;<BR><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash and short-term securities<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">269</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">11,705</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,177</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">15,151</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">15,151</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Debt securities<SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Canadian government and agency</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,030</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,715</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,745</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,745</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">U.S. government and agency</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,971</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,333</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,304</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,304</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other government and agency</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,629</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,312</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,941</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,941</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Corporate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">87,374</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,041</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">92,415</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">92,415</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Mortgage/asset-backed securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,886</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">331</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,217</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,217</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Public equities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,531</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,965</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,496</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,496</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Mortgages</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,193</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,193</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45,665</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Private placements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29,729</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29,729</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31,459</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Policy loans</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,041</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,041</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,041</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Loans to Bank clients</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,745</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,745</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,746</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Real estate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Own use property<SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,376</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,376</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,524</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Investment property</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,756</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,756</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,756</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other invested assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Alternative long-duration assets<SUP STYLE="font-size:85%; vertical-align:top">(7)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,707</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">96</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,048</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,851</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,193</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Various other<SUP STYLE="font-size:85%; vertical-align:top">
(8)</SUP></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">164</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">3,745</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">3,909</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">3,910</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total invested assets</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">168,561</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">42,498</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">110,810</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">321,869</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">326,563</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>The FVTPL classification was elected for securities backing insurance contract liabilities to substantially reduce any accounting mismatch arising from changes in the
fair value of these assets and changes in the value of the related insurance contract liabilities. If this election had not been made and instead the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">available-for-sale</FONT></FONT>
(&#147;AFS&#148;) classification was selected, there would be an accounting mismatch because changes in insurance contract liabilities are recognized in net income rather than in OCI. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Securities that are designated as AFS are not actively traded by the Company but sales do occur as circumstances warrant. Such sales result in a reclassification of
any accumulated unrealized gain (loss) in AOCI to net income as a realized gain (loss). </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Primarily includes assets classified as loans and carried at amortized cost, own use properties, investment properties, equity method accounted investments, oil and
gas investments, and leveraged leases. Refer to note 1(e) for further details regarding accounting policy. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Includes short-term securities with maturities of less than one year at acquisition amounting to $2,737 (2016 &#150; $3,111), cash equivalents with maturities of less
than 90 days at acquisition amounting to $9,131 (2016 &#150; $8,863) and cash of $4,097 (2016 &#150; $3,177). </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Debt securities include securities which were acquired with maturities of less than one year and less than 90 days of $1,768 and $161, respectively (2016 &#150; $893
and $192, respectively). </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Includes accumulated depreciation of $389 (2016 &#150; $404). </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(7)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Alternative long-duration assets (&#147;ALDA&#148;) include investments in private equity of $4,959, power and infrastructure of $7,355, oil and gas of $2,813, timber
and agriculture of $5,033 and various other invested assets of $570 (2016 &#150; $4,619, $6,679, $2,093, $4,972 and $488, respectively). </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(8)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Includes $3,273 (2016 &#150; $3,369) of leveraged leases. Refer to note 1(e) regarding accounting policy. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(9)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>The methodologies used in determining fair values of invested assets are described in note 1 and note 4(g). </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>124</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(b) Equity method accounted invested assets </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Other invested assets include investments in associates and joint ventures which are accounted for using the equity method of accounting as follows. </P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="8" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="8"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Carrying<BR>value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">% of total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Carrying<BR>value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">% of total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Leveraged leases</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;3,273</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>56</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;3,369</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">58</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Timber and agriculture</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>451</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>8</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">430</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Real estate</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>498</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>9</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">419</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,535</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>27</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,562</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">27</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>5,757</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>100</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">5,780</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company&#146;s share of profit and dividends from these investments for the year ended December&nbsp;31, 2017 were $291 and $14,
respectively (2016&nbsp;&#150;&nbsp;$252 and $17, respectively). </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(c) Investment income </B></FONT></P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="58%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the year ended December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">FVTPL</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">AFS</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Other<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Yields<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash and short-term securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.9%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Interest income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>153</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>160</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Gains (losses)<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>22</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(47</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(25</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Debt securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5.4%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Interest income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;5,102</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>577</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5,679</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Gains (losses)<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,690</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(205</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,485</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Recovery (impairment loss), net</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>16</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>15</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Public equities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>16.6%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Dividend income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>524</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>79</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>603</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Gains<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,372</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>226</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,598</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Impairment loss</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(14</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(14</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Mortgages</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3.9%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Interest income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,685</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,685</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Gains<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>69</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>69</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Provision, net</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(32</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(32</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Private placements</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5.3%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Interest income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,553</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,553</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Gains<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>43</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>43</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Impairment loss, net</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>10</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>10</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Policy loans</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>365</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>365</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6.1%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Loans to Bank clients</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4.0%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Interest income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>68</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>68</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Real estate</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6.2%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Rental income, net of depreciation<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>517</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>517</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Gains<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>341</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>341</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Impairment loss</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(4</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(4</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivatives</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>n/a</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Interest income, net</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>809</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>84</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>893</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Gains (losses)<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,029</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>84</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(945</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other invested assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>10.3%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Interest income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>174</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>174</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Oil and gas, timber, agriculture and other income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,690</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,690</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Gains (losses)<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>441</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(7</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>50</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>484</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Impairment loss, net</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(45</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(45</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total investment income</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;11,954</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>761</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>6,652</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>19,367</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>6.0%</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Interest income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5,918</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>730</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,929</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>10,577</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3.3%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Dividend, rental and other income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>524</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>79</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,207</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,810</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.9%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Impairments, provisions and recoveries, net</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>16</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(15</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(71</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(70</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.0%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>460</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(51</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(77</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>332</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.1%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>6,918</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>743</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>5,988</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>13,649</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities and
on macro equity hedges</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Debt securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,694</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(8</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,686</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1.1%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Public equities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,200</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>35</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,235</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.7%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Mortgages</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>69</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>69</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.0%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Private placements</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>40</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>40</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.0%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Real estate</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>350</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>350</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.1%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other invested assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>329</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(9</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>121</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>441</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.1%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Derivatives, including macro equity hedging program</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1,187</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>84</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1,103</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(0.3%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>5,036</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>18</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>664</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>5,718</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total investment income</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>11,954</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;761</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;6,652</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;19,367</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>6.0%</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>125</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="57%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the year ended December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">FVTPL</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">AFS</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Other<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Yields<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash and short-term securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.7%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Interest income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">117</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">124</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Gains (losses)<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(18</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.7%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Interest income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,051</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">588</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,639</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Gains<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,658</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">548</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,206</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Recovery (impairment loss), net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(18</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(18</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Public equities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10.6%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Dividend income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">534</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">58</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">592</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Gains<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,008</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">201</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,209</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Impairment loss</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(48</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(48</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Mortgages</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.1%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Interest income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,667</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,667</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Gains (losses)<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">81</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">81</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Provision, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Private placements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.4%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Interest income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,494</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,494</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Gains<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Impairment loss, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(50</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(50</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Policy loans</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">358</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">358</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.1%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Loans to Bank clients</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.9%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Interest income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Real estate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.9%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Rental income, net of depreciation<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">523</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">523</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Gains<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">160</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">160</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivatives</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n/a</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Interest income, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,115</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(33</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,082</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Losses<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,597</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,597</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other invested assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10.3%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Interest income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">103</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">103</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Oil and gas, timber, agriculture and other income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,162</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,162</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Gains<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">634</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">207</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">842</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Impairment loss, net</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(83</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(83</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total investment income</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">7,410</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1,447</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">5,667</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">14,524</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">4.7%</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Interest income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">6,173</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">703</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,657</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">10,533</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.4%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Dividend, rental and other income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">534</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">58</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,685</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,277</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.7%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Impairments and provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(18</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(48</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(140</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(206</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.1%</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(6</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">707</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">85</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">786</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.2%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">6,683</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,420</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">5,287</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">13,390</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities and
on macro equity hedges</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,657</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,662</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.5%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Public equities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">963</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">985</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.3%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Mortgages</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">80</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">80</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.0%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Private placements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.0%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Real estate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">128</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">128</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.0%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other invested assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">688</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">160</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">848</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.3%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Derivatives, including macro equity hedging program</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(2,581</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(2,581</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.8%</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">727</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">27</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">380</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,134</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total investment income</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">7,410</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1,447</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">5,667</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">14,524</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">4.7%</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Primarily includes loans carried at amortized cost, own use properties, investment properties, derivative and hedging instruments in cash flow hedging relationships,
equity method accounted investments, oil and gas investments, and leveraged leases. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Yields are based on income and are calculated using the geometric average of the carrying value of assets held during the reporting year. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Includes net realized gains (losses) as well as net unrealized gains (losses) for financial instruments at FVTPL, real estate investment properties, and other
invested assets measured at fair value. Also includes net realized gains (losses) for financial instruments at AFS and other invested assets carried at amortized cost. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Rental income from investment properties is net of direct operating expenses. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>126</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(d) Investment expenses </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table presents the Company&#146;s total investment expenses. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="83%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Related to invested assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>625</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">581</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Related to segregated, mutual and other funds</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,048</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,065</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total investment expenses</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;1,673</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;&nbsp;1,646</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(e) Investment properties </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table presents rental income and direct operating expenses of investment properties. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="83%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Rental income from investment properties</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;1,120</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;1,204</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Direct operating expenses of investment properties that generated
rental income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(694</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(764</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>426</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">440</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(f) Mortgage securitization </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company securitizes certain insured and uninsured fixed and variable rate residential mortgages and Home Equity Lines of Credit (&#147;HELOC&#148;) through creation
of mortgage-backed securities under the Canadian Mortgage Bond Program (&#147;CMB&#148;), and the HELOC securitization program. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Benefits received from the
securitization include interest spread between the asset and associated liability. There are no expected credit losses on securitized mortgages under the Canada Mortgage and Housing Corporation (&#147;CMHC&#148;) sponsored CMB and the Platinum
Canadian Mortgage Trust (&#147;PCMT&#148;) HELOC securitization programs as they are insured by CMHC and other third-party insurance programs against borrowers&#146; default. Mortgages securitized in the Platinum Canadian Mortgage Trust II
(&#147;PCMT II&#148;) program are uninsured. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Cash flows received from the underlying securitized assets/mortgages are used to settle the related secured borrowing
liability. For CMB transactions, receipts of principal are deposited into a trust account for settlement of the liability at time of maturity. These transferred assets and related cash flows cannot be transferred or used for other purposes. For the
HELOC transactions, investors are entitled to periodic interest payments, and the remaining cash receipts of principal are allocated to the Company (the &#147;Seller&#148;) during the revolving period of the deal and are accumulated for settlement
during an accumulation period, or repaid to the investor monthly during a reduction period, based on the terms of the note. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table presents the carrying
amount of securitized assets and secured borrowing liabilities. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="56%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Securitized assets</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">Securitization program</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Securitized<BR>mortgages</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Restricted cash and<BR>short-term securities</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Secured borrowing<BR>liabilities<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">HELOC securitization<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,024</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>8</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,032</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,000</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CMB securitization</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,480</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,480</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,523</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,504</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>8</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,512</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,523</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="12"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" NOWRAP><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Securitized assets</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">Securitization program</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Securitized<BR>mortgages</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Restricted cash and<BR>short-term securities</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Secured borrowing<BR>liabilities<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">HELOC securitization<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;1,762</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;1,770</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;1,750</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">CMB securitization</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,018</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,018</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,032</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">2,780</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">2,788</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">2,782</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Manulife Bank, a MFC subsidiary, securitizes a portion of its HELOC receivables through Platinum Canadian Mortgage Trust (&#147;PCMT&#148;), and Platinum Canadian
Mortgage Trust II (&#147;PCMT II&#148;). PCMT funds the purchase of the <FONT STYLE="white-space:nowrap">co-ownership</FONT> interests from Manulife Bank by issuing term notes collateralized by an underlying pool of CMHC insured HELOCs to
institutional investors. PCMT II funds the purchase of the <FONT STYLE="white-space:nowrap">co-ownership</FONT> interests from Manulife Bank by issuing term notes collateralized by an underlying pool of uninsured HELOCs to institutional investors.
The restricted cash balance for the HELOC securitization reflects a cash reserve fund established in relation to the transactions. The reserve will be drawn upon only in the event of insufficient cash flows from the underlying HELOCs to satisfy the
secured borrowing liability. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Secured borrowing liabilities primarily comprise of Series <FONT STYLE="white-space:nowrap">2011-1</FONT> notes with a floating rate which are expected to mature on
December&nbsp;15, 2021, and the Series <FONT STYLE="white-space:nowrap">2016-1</FONT> notes with a floating rate which are expected to mature on May&nbsp;15, 2022. Manulife Bank also securitizes insured amortizing mortgages under the National
Housing Act Mortgage-Backed Securities (&#147;NHA MBS&#148;) program sponsored by CMHC. Manulife Bank participates in CMB programs by selling NHA MBS securities to Canada Housing Trust (&#147;CHT&#148;), as a source of fixed rate funding.
</TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Fair value of the securitized assets as at December&nbsp;31, 2017 was $3,533 (2016&nbsp;&#150;&nbsp;$2,821) and the fair value of the associated
liabilities was $3,503 (2016&nbsp;&#150;&nbsp;$2,776). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>127</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(g) Fair value measurement </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table presents fair values and the fair value hierarchy of invested assets and segregated funds net assets measured at fair value in the Consolidated
Statements of Financial Position. </P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="61%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Total fair<BR>value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Level&nbsp;1</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Level&nbsp;2</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Level&nbsp;3</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Cash and short-term securities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">FVTPL</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>439</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>439</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">AFS</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>11,429</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>11,429</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,097</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,097</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Debt securities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.25em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"><B>FVTPL</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Canadian government and agency</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>17,886</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>17,886</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">U.S. government and agency</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>12,497</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>12,497</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other government and agency</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>16,838</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>16,599</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>239</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Corporate</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>96,785</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>96,073</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>710</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Residential mortgage/asset-backed securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>8</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Commercial mortgage/asset-backed securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,099</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,099</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other securitized assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,911</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,886</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>25</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.25em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"><B>AFS</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Canadian government and agency</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,892</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,892</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">U.S. government and agency</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>13,472</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>13,472</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other government and agency</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,988</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,941</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>47</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Corporate</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5,366</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5,278</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>88</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Residential mortgage/asset-backed securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>37</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>37</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Commercial mortgage/asset-backed securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>138</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>138</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other securitized assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>83</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>82</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Public equities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">FVTPL</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>18,473</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>18,470</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">AFS</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,072</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,069</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Real estate&nbsp;&#150;&nbsp;investment
property<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>12,529</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>12,529</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Other invested assets<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>16,203</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>16,203</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Segregated funds net assets<SUP
STYLE="font-size:85%; vertical-align:top">(3)</SUP></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>324,307</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>286,490</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>33,562</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>4,255</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;564,549</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;312,128</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;218,320</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;34,101</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Total fair<BR>value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Level&nbsp;1</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Level&nbsp;2</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Level&nbsp;3</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Cash and short-term securities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">FVTPL</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">269</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">269</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">AFS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,705</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,705</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,177</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,177</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Debt securities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.25em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"><B>FVTPL</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Canadian government and agency</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,030</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,030</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">U.S. government and agency</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,971</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,971</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other government and agency</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,629</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,357</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">272</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Corporate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">87,374</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">86,721</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">651</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Residential mortgage/asset-backed securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Commercial mortgage/asset-backed securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">680</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">674</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other securitized assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,196</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,161</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.25em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"><B>AFS</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Canadian government and agency</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,715</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,715</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">U.S. government and agency</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,333</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,333</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other government and agency</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,312</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,261</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Corporate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,041</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,967</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Residential mortgage/asset-backed securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">65</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">64</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Commercial mortgage/asset-backed securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">123</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">121</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other securitized assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">143</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">141</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Public equities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">FVTPL</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,531</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,524</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">AFS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,965</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,963</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Real estate&nbsp;&#150;&nbsp;investment
property</B><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP><B></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,756</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,756</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Other invested assets</B><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP><B></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,849</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,849</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Segregated funds net assets</B><SUP
STYLE="font-size:85%; vertical-align:top">(3)</SUP><B></B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">315,177</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">278,066</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">32,537</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">4,574</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">546,051</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">300,732</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">212,037</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">33,282</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>For investment properties, the significant unobservable inputs are capitalization rates (ranging from 3.50% to 9.00% during the year and ranging from 3.75% to 9.75%
during the year 2016) and terminal capitalization rates (ranging from 4.0% to 9.25% during the year and ranging from 4.1% to 10.0% during the year 2016). Holding other factors constant, a lower capitalization or terminal capitalization rate will
tend to increase the fair value of an investment property. Changes in fair value based on variations in unobservable inputs generally cannot be extrapolated because the relationship between the directional changes of each input is not usually
linear. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>128</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Other invested assets measured at fair value are held primarily in power and infrastructure and timber sectors. The significant inputs used in the valuation of the
Company&#146;s power and infrastructure investments are primarily future distributable cash flows, terminal values and discount rates. Holding other factors constant, an increase to future distributable cash flows or terminal values would tend to
increase the fair value of a power and infrastructure investment, while an increase in the discount rate would have the opposite effect. Discount rates during the year ranged from 9.20% to 16.5% (2016 &#150; ranged from 9.63% to 16.0%). Disclosure
of distributable cash flow and terminal value ranges are not meaningful given the disparity in estimates by project. The significant inputs used in the valuation of the Company&#146;s investments in timberland are timber prices and discount rates.
Holding other factors constant, an increase to timber prices would tend to increase the fair value of a timberland investment, while an increase in the discount rates would have the opposite effect. Discount rates during the year ranged from 5.0% to
7.5% (2016 &#150; ranged from 5.0% to 7.5%). A range of prices for timber is not meaningful as the market price depends on factors such as property location and proximity to markets and export yards. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Segregated funds net assets are measured at fair value. The Company&#146;s Level&nbsp;3 segregated funds assets are predominantly invested in timberland properties
valued as described above. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">For invested assets not measured at fair value in the Consolidated Statements of Financial Position, the following table
presents their fair values categorized by the fair value hierarchy. </P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="59%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Carrying<BR>value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Fair value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Level&nbsp;1</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Level&nbsp;2</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Level&nbsp;3</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Mortgages<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>44,742</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>46,065</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>46,065</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Private placements<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>32,132</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>34,581</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>28,514</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6,067</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Policy loans<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5,808</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5,808</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5,808</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Loans to Bank clients<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,737</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,742</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,742</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Real estate&nbsp;&#150;&nbsp;own use
property<SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,281</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,448</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,448</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other invested
assets<SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>8,280</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>8,602</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>88</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>8,514</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total invested assets disclosed at fair value</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;93,980</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;99,246</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>88</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;36,064</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;63,094</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;<BR></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">Carrying<BR>value</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">Fair value</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">Level&nbsp;1</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">Level&nbsp;2</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">Level&nbsp;3</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Mortgages<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">44,193</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">45,665</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">45,665</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Private placements<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29,729</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31,459</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26,073</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,386</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Policy loans<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,041</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,041</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,041</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Loans to Bank clients<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,745</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,746</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,746</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Real estate&nbsp;&#150;&nbsp;own use
property<SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,376</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,524</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,524</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other invested
assets<SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">7,911</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">8,254</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">54</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">8,200</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total invested assets disclosed at fair value</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">90,995</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">95,689</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">54</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">33,860</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">61,775</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Fair value of commercial mortgages is determined through an internal valuation methodology using both observable and unobservable inputs. Unobservable inputs include
credit assumptions and liquidity spread adjustments. Fair value of fixed-rate residential mortgages is determined using the discounted cash flow method. Inputs used for valuation are primarily comprised of prevailing interest rates and prepayment
rates, if applicable. Fair value of variable-rate residential mortgages is assumed to be their carrying value. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Fair value of private placements is determined through an internal valuation methodology using both observable and unobservable inputs. Unobservable inputs include
credit assumptions and liquidity spread adjustments. Private placements are classified within Level&nbsp;2 unless the liquidity adjustment constitutes a significant price impact, in which case the securities are classified as Level&nbsp;3.
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Fair value of policy loans is equal to their unpaid principal balances. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Fair value of fixed-rate loans to Bank clients is determined using the discounted cash flow method. Inputs used for valuation are primarily comprised of current
interest rates. Fair value of variable-rate loans is assumed to be their carrying value. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Fair value of own use real estate and the fair value hierarchy are determined in accordance with the methodologies described for real estate &#150; investment
property in note&nbsp;1. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Primarily include leveraged leases, oil and gas properties and equity method accounted other invested assets. Fair value of leveraged leases is disclosed at their
carrying values as fair value is not routinely calculated on these investments. Fair value for oil and gas properties is determined using external appraisals based on discounted cash flow methodology. Inputs used in valuation are primarily comprised
of forecasted price curves, planned production, as well as capital expenditures, and operating costs. Fair value of equity method accounted other invested assets is determined using a variety of valuation techniques including discounted cash flows
and market comparable approaches. Inputs vary based on the specific investment. </TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Transfers between Level&nbsp;1 and
Level&nbsp;2 </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company records transfers of assets and liabilities between Level&nbsp;1 and Level&nbsp;2 at their fair values as at the end of each
reporting period. Assets are transferred out of Level&nbsp;1 when they are no longer transacted with sufficient frequency and volume in an active market. During the year ended December&nbsp;31, 2017, the Company transferred $nil
(2016&nbsp;&#150;&nbsp;$nil) of assets measured at fair value from Level&nbsp;1 to Level&nbsp;2. Conversely, assets are transferred from Level&nbsp;2 to Level&nbsp;1 when transaction volume and frequency are indicative of an active market. The
Company transferred $nil (2016&nbsp;&#150;&nbsp;$nil) of assets from Level&nbsp;2 to Level&nbsp;1 during the year ended December&nbsp;31,&nbsp;2017. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">For segregated
funds net assets, the Company had $nil transfers from Level&nbsp;1 to Level&nbsp;2 for the year ended December&nbsp;31, 2017 (2016&nbsp;&#150;&nbsp;$8). The Company had $5 transfers from Level&nbsp;2 to Level&nbsp;1 for the year ended
December&nbsp;31, 2017 (2016&nbsp;&#150;&nbsp;$nil). </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Invested assets and segregated funds net assets measured at fair value using
significant unobservable inputs (Level 3) </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company classifies fair values of the invested assets and segregated funds net assets as Level&nbsp;3 if
there are no observable markets for these assets or, in the absence of active markets, the majority of the inputs used to determine fair value are based on the Company&#146;s own assumptions about market participant assumptions. The Company
prioritizes the use of market-based inputs over entity-based assumptions in determining Level&nbsp;3 fair values and, therefore, the gains and losses in the tables below include changes in fair value due to both observable and unobservable factors.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>129</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table presents a roll forward of invested assets and segregated funds net assets measured at fair value
using significant unobservable inputs (Level 3) for the years ended December&nbsp;31, 2017 and 2016. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


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<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the year ended<BR>December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Balance,<BR>January&nbsp;1,<BR>2017</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Net<BR>realized/<BR>unrealized<BR>gains<BR>(losses)<BR>included<BR>in net<BR>income<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Net<BR>realized/<BR>unrealized<BR>gains<BR>(losses)<BR>included<BR>in AOCI<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Purchases</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Sales<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Settlements</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Transfer</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">into</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Level&nbsp;3<SUP
STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Transfer</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">out of</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Level&nbsp;3<SUP
STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Currency<BR>movement</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>Balance,<BR>December&nbsp;31,<BR>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Change in<BR>unrealized<BR>gains<BR>(losses) on<BR>assets still<BR>held</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Debt securities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>FVTPL</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other government&nbsp;&amp; agency</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>272</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(3</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>26</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(58</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(6</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>8</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>239</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(3</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Corporate</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>651</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>19</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>105</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(34</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(29</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>24</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(21</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(5</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>710</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>10</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Residential mortgage/asset-backed securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
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<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Commercial mortgage/asset-backed securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(5</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other securitized assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>35</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(7</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(2</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>25</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>966</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>15</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>131</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(97</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(43</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>24</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(21</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>975</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>5</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>AFS</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other government&nbsp;&amp; agency</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>51</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(2</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>14</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(15</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(2</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>47</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Corporate</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>74</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>22</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(10</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(4</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>88</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Residential mortgage/asset-backed securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Commercial mortgage/asset-backed securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other securitized assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>130</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>36</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(26</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(8</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>136</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Public equities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">FVTPL</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>7</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(4</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>7</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(4</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Real estate&nbsp;&#150;&nbsp;investment property</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>12,756</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>301</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,257</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,267</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(518</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>12,529</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>264</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Other invested assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>14,849</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>395</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,022</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(435</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(837</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(791</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>16,203</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>244</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>27,605</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>696</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>4,279</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1,702</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(837</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1,309</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>28,732</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>508</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Segregated funds net assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>4,574</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>60</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>261</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(248</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(54</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(184</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(154</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>4,255</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>45</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;33,282</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;770</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;4,707</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;(2,077</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;(942</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;25</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;(205</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;(1,460</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;34,101</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;558</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
</TABLE>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>130</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

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<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the year ended December&nbsp;31, 2016</B></FONT></TD>
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<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Balance,<BR>January&nbsp;1,<BR>2016</TD>
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<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Net<BR>realized/<BR>unrealized<BR>gains<BR>(losses)<BR>included<BR>in net<BR>income<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
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<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Net<BR>realized/<BR>unrealized<BR>gains<BR>(losses)<BR>included<BR>in AOCI<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
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<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Purchases</TD>
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<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Sales<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="right">into</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="right">Level&nbsp;3<SUP
STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
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<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="right">Transfer</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:6pt; font-family:ARIAL" ALIGN="right">out of</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:6pt; font-family:ARIAL" ALIGN="right">Level&nbsp;3<SUP
STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
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<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Currency<BR>movement</TD>
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<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Balance,<BR>December&nbsp;31,<BR>2016</TD>
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<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Change in<BR>unrealized<BR>gains<BR>(losses) on<BR>assets still<BR>held</TD>
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<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><B>Debt securities</B></P></TD>
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<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><B>FVTPL</B></P></TD>
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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL">Other government&nbsp;&amp; agency</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">310</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
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<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">50</TD>
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<TD VALIGN="bottom" ALIGN="right">(41</TD>
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<TD VALIGN="bottom" ALIGN="right">(30</TD>
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<TD VALIGN="bottom" ALIGN="right">(20</TD>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">272</TD>
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<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL">Corporate</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">903</TD>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(29</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
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<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="bottom" ALIGN="right">83</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(84</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(134</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">58</TD>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(124</TD>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(22</TD>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">651</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4</TD>
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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL">Residential mortgage/asset-backed securities</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
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<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
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<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
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<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11</TD>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
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<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL">Commercial mortgage/asset-backed securities</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL">Other securitized assets</P></TD>
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<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">48</TD>
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<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL">Other government&nbsp;&amp; agency</P></TD>
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<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL">Residential mortgage/asset-backed securities</P></TD>
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<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL">Commercial mortgage/asset-backed securities</P></TD>
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<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL">Other securitized assets</P></TD>
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<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">5</TD>
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<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2</TD>
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<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(1</TD>
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<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2</TD>
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<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">149</TD>
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<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(1</TD>
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<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1</TD>
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<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">130</TD>
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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><B>Public equities</B></P></TD>
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<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">7</TD>
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<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">7</TD>
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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
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<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">7</TD>
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<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">7</TD>
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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><B>Real estate&nbsp;&#150;investment property</B></P></TD>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,968</TD>
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<TD VALIGN="bottom" ALIGN="right">163</TD>
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<TD VALIGN="bottom" ALIGN="right">681</TD>
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<TD VALIGN="bottom" ALIGN="right">(1,782</TD>
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<TD VALIGN="bottom" ALIGN="right">12,756</TD>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">197</TD>
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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><B>Other invested assets</B></P></TD>
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<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">12,977</TD>
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<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
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<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">786</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,171</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(76</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(685</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(333</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">14,849</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">847</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">26,945</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">949</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,852</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(1,858</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(685</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(607</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">27,605</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,044</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><B>Segregated funds net assets</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">4,656</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">92</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">356</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(312</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(19</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(12</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(105</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(82</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">4,574</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">93</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7.5pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;33,096</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;1,014</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;10</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;3,395</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;(2,407</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;(885</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;46</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;(242</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;(745</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;33,282</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;1,132</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>These amounts, except for the amount related to segregated funds net assets, are included in net investment income on the Consolidated Statements of Income.
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>These amounts are included in AOCI on the Consolidated Statements of Financial Position. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Sales in 2017 include $619 of U.S. commercial real estate sold to the Hancock US Real Estate Fund, L.P., an associate of the Company which is a structured entity
based on partnership voting rights. The Company provides management services to the fund and owns approximately 11.7% of its partnership interests. Also in 2017, sales include US$313 (2016 &#150; $1,011) of U.S. commercial real estate sold to the
Manulife US Real Estate Investment Trust in Singapore, an associate of the Company which is a structured entity based on unitholder voting rights. The Company provides management services to the trust and owns approximately 9.5% of its units.
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>For assets transferred into and out of Level&nbsp;3, the Company uses fair values of the assets at the beginning of the year. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Transfers into Level&nbsp;3 primarily result from securities that were impaired during the year or securities where a lack of observable market data (versus the previous
period) resulted in reclassifying assets into Level&nbsp;3. Transfers from Level&nbsp;3 primarily result from observable market data now being available for the entire term structure of the debt security. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B><A NAME="fin476443_5"></A>Note 5&nbsp;&nbsp;&nbsp;&nbsp;Derivative and Hedging Instruments </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Derivatives are financial contracts, the value of which is derived from underlying interest rates, foreign exchange rates, other financial instruments, commodity prices
or indices. The Company uses derivatives including swaps, forward and futures agreements, and options to manage current and anticipated exposures to changes in interest rates, foreign exchange rates, commodity prices and equity market prices, and to
replicate permissible investments. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Swaps are <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">over-the-counter</FONT></FONT> (&#147;OTC&#148;)
contractual agreements between the Company and a third party to exchange a series of cash flows based upon rates applied to a notional amount. For interest rate swaps, counterparties generally exchange fixed or floating interest rate payments based
on a notional value in a single currency. Cross currency swaps involve the exchange of principal amounts between parties as well as the exchange of interest payments in one currency for the receipt of interest payments in another currency. Total
return swaps are contracts that involve the exchange of payments based on changes in the values of a reference asset, including any returns such as interest earned on these assets, in return for amounts based on reference rates specified in the
contract. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Forward and futures agreements are contractual obligations to buy or sell a financial instrument, foreign currency or other underlying commodity on a
predetermined future date at a specified price. Forward contracts are OTC contracts negotiated between counterparties, whereas futures agreements are contracts with standard amounts and settlement dates that are traded on regulated exchanges. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Options are contractual agreements whereby the holder has the right, but not the obligation, to buy (call option) or sell (put option) a security, exchange rate, interest
rate, or other financial instrument at a predetermined price/rate within a specified time. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">See variable annuity dynamic hedging strategy in the &#147;Risk
Management&#148; section of the Company&#146;s 2017 MD&amp;A for an explanation of the Company&#146;s dynamic hedging strategy for its variable annuity product guarantees. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>131</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(a) Fair value of derivatives </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The pricing models used to value OTC derivatives are based on market standard valuation methodologies and the inputs to these models are consistent with what a market
participant would use when pricing the instruments. Derivative valuations can be affected by changes in interest rates, currency exchange rates, financial indices, credit spreads, default risk (including the counterparties to the contract), and
market volatility. The significant inputs to the pricing models for most OTC derivatives are inputs that are observable or can be corroborated by observable market data and are classified as Level&nbsp;2. Inputs that are observable generally include
interest rates, foreign currency exchange rates and interest rate curves. However, certain OTC derivatives may rely on inputs that are significant to the fair value that are not observable in the market or cannot be derived principally from, or
corroborated by, observable market data and these derivatives are classified as Level&nbsp;3. Inputs that are unobservable generally include broker quotes, volatilities and inputs that are outside of the observable portion of the interest rate curve
or other relevant market measures. These unobservable inputs may involve significant management judgment or estimation. Even though unobservable, these inputs are based on assumptions deemed appropriate given the circumstances and consistent with
what market participants would use when pricing such instruments. The Company&#146;s use of unobservable inputs is limited and the impact on derivative fair values does not represent a material amount as evidenced by the limited amount of
Level&nbsp;3 derivatives. The credit risk of both the counterparty and the Company are considered in determining the fair value for all OTC derivatives after considering the effects of netting agreements and collateral arrangements. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table presents the gross notional amount and fair value of derivative contracts by the underlying risk exposure for derivatives in qualifying hedging and
derivatives not designated in qualifying hedging relationships. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="37%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" COLSPAN="3"></TD>
<TD HEIGHT="5" COLSPAN="12" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="12"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="3"><FONT STYLE="font-size:7pt" COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT STYLE="font-size:7pt"><B>2017</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT STYLE="font-size:7pt">2016</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="right" BGCOLOR="#dde0da">Notional<BR>amount</TD>
<TD VALIGN="bottom" ROWSPAN="2" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Fair value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ROWSPAN="2" ALIGN="right">Notional<BR>amount</TD>
<TD VALIGN="bottom" ROWSPAN="2">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Fair value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom"><FONT COLOR="#1f320c"><B>Type of hedge</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Instrument type</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" BGCOLOR="#dde0da">Assets</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" BGCOLOR="#dde0da">Liabilities</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right">Assets</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right">Liabilities</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" COLSPAN="3" STYLE="BORDER-TOP:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Qualifying hedge accounting relationships</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-TOP:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-TOP:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-TOP:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-TOP:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Fair&nbsp;value&nbsp;hedges</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest rate swaps</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>548</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>20</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,158</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">477</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Foreign currency swaps</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>84</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">91</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash&nbsp;flow&nbsp;hedges</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Foreign currency swaps</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,757</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>20</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>333</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,285</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">447</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Forward contracts</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>165</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">255</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Equity contracts</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>125</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>16</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">126</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total derivatives in qualifying hedge accounting
relationships</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,679</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>37</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>362</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">3,915</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">951</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Derivatives not designated in qualifying hedge</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>accounting relationships</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest rate swaps</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>246,270</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>12,984</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6,251</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">281,188</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21,900</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,878</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest rate futures</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>11,551</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,616</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest rate options</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>10,093</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>312</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,390</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">376</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Foreign currency swaps</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>16,321</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>494</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,122</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,226</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">347</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,645</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Currency rate futures</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,157</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,729</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Forward contracts</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>20,341</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>915</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>65</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,411</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">340</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">644</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Equity contracts</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>13,597</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>813</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>22</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,989</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">669</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Credit default swaps</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>606</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>14</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">662</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Equity futures</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>12,158</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">16,072</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total derivatives not designated in qualifying hedge
accounting relationships</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>334,094</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>15,532</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>7,460</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">366,283</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">23,650</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">13,200</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total derivatives</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;336,773</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;15,569</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;7,822</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&nbsp;&nbsp;370,198</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&nbsp;&nbsp;23,672</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&nbsp;&nbsp;14,151</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table presents fair value of derivative instruments by remaining term to maturity. Fair values disclosed below do not
incorporate the impact of master netting agreements. Refer to note 10. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" ALIGN="center">


<TR>
<TD WIDTH="59%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Remaining term to maturity</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Less&nbsp;than</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">1 year</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">1 to 3</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">years</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">3 to 5</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">years</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Over 5</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">years</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Total&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivative assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>605</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>822</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>889</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>13,253</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>15,569&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivative liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>224</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>149</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>168</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>7,281</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>7,822&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT STYLE="font-size:7pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="13" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT STYLE="font-size:7pt">Remaining term to maturity</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT STYLE="font-size:7pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">Less&nbsp;than<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">1 year</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1 to 3<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">years</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">3 to 5<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">years</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">Over 5<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">years</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">Total&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivative assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;467</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;680</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;719</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;21,806</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;23,672&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivative liabilities</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">593</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">595</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">511</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">12,452</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">14,151&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>132</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table presents gross notional amount by remaining term to maturity, total fair value (including accrued
interest), credit risk equivalent and risk-weighted amount by contract type. </P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
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<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Remaining term to maturity (notional amounts)</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Fair value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Under 1</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">year</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">1 to 5</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">years</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Over</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">5 years</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Positive</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Negative</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Net</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Credit&nbsp;risk</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">equivalent<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Risk-&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">weighted&nbsp;&nbsp;&nbsp;&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">amount<SUP
STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;&nbsp;&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest rate contracts</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">OTC swap contracts</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7,161</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>19,141</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>112,412</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>138,714</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>13,379</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(6,867</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6,512</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6,588</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>809&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Cleared swap contracts</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,615</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>12,928</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>93,561</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>108,104</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>245</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(206</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>39</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Forward contracts</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6,036</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>10,614</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>675</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>17,325</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>903</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(38</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>865</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>285</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>35&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Futures</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>11,551</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>11,551</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Options purchased</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>816</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,856</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>5,421</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>10,093</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>312</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>312</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>471</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>61&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Subtotal</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>27,179</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>46,539</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>212,069</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>285,787</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>14,839</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(7,111</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7,728</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7,344</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>905&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Foreign exchange</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Swap contracts</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>999</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,481</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>12,682</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>18,162</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>510</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,483</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(973</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,874</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>200&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Forward contracts</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,046</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>135</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,181</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>12</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(31</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(19</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>101</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>12&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Futures</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,157</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,157</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Credit derivatives</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>38</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>568</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>606</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>14</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>14</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Equity contracts</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Swap contracts</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,612</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>169</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,781</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>60</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(14</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>46</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>337</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>35&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Futures</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>12,158</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>12,158</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Options purchased</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>4,693</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>6,148</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>100</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>10,941</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>769</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(10</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>759</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,606</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>305&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Subtotal including accrued interest</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>53,882</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>58,040</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>224,851</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>336,773</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>16,204</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(8,649</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7,555</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>12,262</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,457&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Less accrued interest</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>635</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(827</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(192</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>53,882</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>58,040</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>224,851</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>336,773</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>15,569</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(7,822</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>7,747</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>12,262</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,457&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Remaining term to maturity (notional amounts)</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Fair value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Under 1</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">year</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">1 to 5</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">years</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Over</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">5 years</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Positive</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Negative</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Net</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Credit&nbsp;risk</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">equivalent<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Risk-&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">weighted&nbsp;&nbsp;&nbsp;&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">amount<SUP
STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;&nbsp;&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest rate contracts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">OTC swap contracts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">13,244</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">37,395</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">164,252</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">214,891</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">19,327</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(10,154</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">9,173</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">10,205</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,493&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Cleared swap contracts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">717</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,786</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">62,952</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68,455</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,507</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,117</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,390</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Interest rate forwards</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,229</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,143</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">873</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,245</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">326</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(629</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(303</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">192</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Futures</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,616</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,616</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Options purchased</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">483</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,927</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">5,980</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">9,390</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">376</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">376</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">458</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">70&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Subtotal</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33,289</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51,251</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">234,057</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">318,597</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,536</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(12,900</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,636</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,855</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,592&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Foreign exchange</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Swap contracts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">425</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,917</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,259</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,601</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">346</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,120</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,774</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,491</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">181&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Forward contracts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,257</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">165</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,422</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(38</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(25</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">62</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Futures</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,729</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,729</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Credit derivatives</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">615</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">662</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Equity contracts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Swap contracts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,107</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">192</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,299</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">64</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(35</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">495</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Futures</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,072</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,072</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Options purchased</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">6,007</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">5,809</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">11,816</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">626</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(2</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">624</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,735</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">358&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Subtotal including accrued interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">64,933</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">61,949</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">243,316</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">370,198</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,603</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(15,095</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,508</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,638</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,194&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Less accrued interest</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">931</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(944</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(13</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;64,933</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;61,949</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;243,316</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;370,198</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;23,672</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;(14,151</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;9,521</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;15,638</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;2,194&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Credit risk equivalent is the sum of replacement cost and the potential future credit exposure. Replacement cost represents the current cost of replacing all
contracts with a positive fair value. The amounts take into consideration legal contracts that permit offsetting of positions. The potential future credit exposure is calculated based on a formula prescribed by OSFI. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Risk-weighted amount represents the credit risk equivalent, weighted according to the creditworthiness of the counterparty, as prescribed by OSFI. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The total notional amount of $337&nbsp;billion (2016&nbsp;&#150;&nbsp;$370 billion) includes $114&nbsp;billion (2016&nbsp;&#150;&nbsp;$177 billion) related to derivatives
utilized in the Company&#146;s variable annuity guarantee dynamic hedging and macro equity risk hedging programs. Due to the Company&#146;s variable annuity hedging practices, a large number of trades are in offsetting positions, resulting in
materially lower net fair value exposure to the Company than what the gross notional amount would suggest. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>133</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table presents fair value of derivative contracts and the fair value hierarchy. </P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Fair value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Level&nbsp;1</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Level&nbsp;2</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Level&nbsp;3</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Derivative assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Interest rate contracts</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>14,199</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>13,181</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,018</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Foreign exchange contracts</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>527</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>527</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Equity contracts</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>829</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>768</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>61</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Credit default swaps</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>14</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>14</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total derivative assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>15,569</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>14,490</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,079</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Derivative liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Interest rate contracts</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6,309</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6,012</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>297</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Foreign exchange contracts</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,490</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,490</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Equity contracts</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>23</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>10</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>13</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total derivative liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>7,822</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>7,512</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>310</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Fair value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Level&nbsp;1</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Level&nbsp;2</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Level&nbsp;3</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Derivative assets</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Interest rate contracts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">22,602</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">22,045</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">557</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Foreign exchange contracts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">362</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">361</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Equity contracts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">690</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">182</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">508</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Credit default swaps</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total derivative assets</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">23,672</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">22,606</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;1,066</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Derivative liabilities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Interest rate contracts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">11,984</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">11,114</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">870</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Foreign exchange contracts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,133</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,133</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Equity contracts</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">33</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total derivative liabilities</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;14,151</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;13,248</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">903</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table presents a roll forward for net derivative contracts measured at fair value using significant unobservable inputs
(Level 3). </P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Balance at the beginning of the year</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;163</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;350</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net realized / unrealized gains (losses) included in:</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Net income<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,082</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">OCI<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(9</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Purchases</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>22</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">373</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Settlements</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(103</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(522</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Transfers</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Into Level&nbsp;3<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Out of Level&nbsp;3<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(363</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(116</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Currency movement</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(23</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(9</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Balance at the end of the year</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>769</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">163</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Change in unrealized gains (losses) on instruments still
held</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>832</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">145</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>These amounts are included in investment income on the Consolidated Statements of Income. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>These amounts are included in AOCI on the Consolidated Statements of Financial Position. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>For derivatives transferred into and out of Level&nbsp;3, the Company uses the fair value of the items at the end and beginning of the period, respectively. Transfers
into Level&nbsp;3 occur when the inputs used to price the assets and liabilities lack observable market data (versus the previous year). Transfers out of Level&nbsp;3 occur when the inputs used to price the assets and liabilities become available
from observable market data. </TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(b) Hedging relationships </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company uses derivatives for economic hedging purposes. In certain circumstances, these hedges also meet the requirements of hedge accounting. Risk management
strategies eligible for hedge accounting are designated as fair value hedges, cash flow hedges or net investment hedges, as described below. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Fair value hedges </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company uses interest rate
swaps to manage its exposure to changes in the fair value of fixed rate financial instruments due to changes in interest rates. The Company also uses cross currency swaps to manage its exposure to foreign exchange rate fluctuations, interest rate
fluctuations, or both. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>134</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company recognizes gains and losses on derivatives and the related hedged items in fair value hedges in investment
income. These investment gains (losses) are shown in the following table. </P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="35%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the year ended December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL">Hedged items in qualifying</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL">fair value hedging</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">relationships</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Gains&nbsp;(losses)<BR>recognized&nbsp;on<BR>derivatives</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Gains&nbsp;(losses)<BR>recognized&nbsp;for<BR>hedged&nbsp;items</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Ineffectiveness&nbsp;&nbsp;&nbsp;&nbsp;<BR>recognized
in&nbsp;&nbsp;&nbsp;&nbsp;<BR>investment&nbsp;&nbsp;&nbsp;&nbsp;<BR>income&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest rate swaps</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Fixed rate assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(3</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1)&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Fixed rate liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(17</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>17</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Foreign currency swaps</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Fixed rate assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(2</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(17</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>18</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the year ended December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL">Hedged items in qualifying</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL">fair value hedging</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">relationships</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Gains&nbsp;(losses)<BR>recognized&nbsp;on<BR>derivatives</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Gains&nbsp;(losses)<BR>recognized&nbsp;for<BR>hedged&nbsp;items</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Ineffectiveness&nbsp;&nbsp;&nbsp;&nbsp;<BR>recognized in&nbsp;&nbsp;&nbsp;&nbsp;<BR>investment&nbsp;&nbsp;&nbsp;&nbsp;<BR>income&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest rate swaps</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Fixed rate assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;(52</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;(22)&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Fixed rate liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Foreign currency swaps</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Fixed rate assets</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(53</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">33</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(20)&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Cash flow hedges </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company uses interest rate swaps to hedge the variability in cash flows from variable rate financial instruments and forecasted transactions. The Company also uses
cross currency swaps and foreign currency forward contracts to hedge the variability from foreign currency financial instruments and foreign currency expenses. Total return swaps are used to hedge the variability in cash flows associated with
certain stock-based compensation awards. Inflation swaps are used to reduce inflation risk generated from inflation-indexed liabilities. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The effects of derivatives
in cash flow hedging relationships on the Consolidated Statements of Income and the Consolidated Statements of Comprehensive Income are shown in the following table. </P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="35%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the year ended December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL">Hedged items in qualifying</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL">cash flow hedging</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">relationships</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Gains (losses)<BR>deferred in<BR>AOCI on<BR>derivatives</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Gains (losses)<BR>reclassified<BR>from&nbsp;AOCI&nbsp;into<BR>investment<BR>income</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Ineffectiveness&nbsp;&nbsp;&nbsp;&nbsp;<BR>recognized in&nbsp;&nbsp;&nbsp;&nbsp;<BR>investment&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">income&nbsp;&nbsp;&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest rate swaps</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Forecasted liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(17</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Foreign currency swaps</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Fixed rate assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Floating rate liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>95</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>50</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Fixed rate liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>35</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Forward contracts</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Forecasted expenses</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>10</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(10</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Equity contracts</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Stock-based compensation</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>20</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>29</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>163</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>58</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the year ended December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL">Hedged items in qualifying</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL">cash flow hedging</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">relationships</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Gains (losses)<BR>deferred in<BR>AOCI on<BR>derivatives</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Gains (losses)<BR>reclassified<BR>from&nbsp;AOCI&nbsp;into<BR>investment<BR>income</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Ineffectiveness&nbsp;&nbsp;&nbsp;&nbsp;<BR>recognized in&nbsp;&nbsp;&nbsp;&nbsp;<BR>investment&nbsp;&nbsp;&nbsp;&nbsp;<BR>income&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest rate swaps</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Forecasted liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(18</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Foreign currency swaps</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Fixed rate assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Floating rate liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Fixed rate liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(15</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Forward contracts</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Forecasted expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(14</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Equity contracts</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Stock-based compensation</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT STYLE="white-space:nowrap">Non-derivative</FONT> financial
instrument</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">Forecasted expenses</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(15</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#150;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company anticipates that net losses of approximately $13 will be reclassified from AOCI to net income within the next 12 months. The
maximum time frame for which variable cash flows are hedged is 19 years. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Hedges of net investments in foreign operations </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company primarily uses forward currency contracts, cross currency swaps and <FONT STYLE="white-space:nowrap">non-functional</FONT> currency denominated debt to manage
its foreign currency exposures to net investments in foreign operations. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>135</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The effects of net investment hedging relationships on the Consolidated Statements of Income and the Consolidated
Statements of Other Comprehensive Income are shown in the following table. </P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="63%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the year ended December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Gains&nbsp;(losses)<BR>deferred&nbsp;in&nbsp;AOCI<BR>on derivatives</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Gains&nbsp;(losses)<BR>reclassified&nbsp;from<BR>AOCI into<BR>investment&nbsp;income</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Ineffectiveness<BR>recognized in<BR>investment<BR>income</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT STYLE="white-space:nowrap">Non-functional</FONT> currency
denominated debt</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>355</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>355</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the year ended December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Gains (losses)<BR>deferred in AOCI<BR>on derivatives</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Gains (losses)<BR>reclassified from<BR>AOCI into<BR>investment income</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Ineffectiveness<BR>recognized in<BR>investment<BR>income</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT STYLE="white-space:nowrap">Non-functional</FONT> currency
denominated debt</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&nbsp;&nbsp;(25</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;(25</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(c) Derivatives not designated in qualifying hedge accounting relationships </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Derivatives used in portfolios supporting insurance contract liabilities are generally not designated in qualifying hedge accounting relationships because the change in
the value of the insurance contract liabilities economically hedged by these derivatives is also recorded through net income. Given the changes in fair value of these derivatives and related hedged risks are recognized in investment income as they
occur, they generally offset the change in hedged risk to the extent the hedges are economically effective. Interest rate and cross currency swaps are used in the portfolios supporting insurance contract liabilities to manage duration and currency
risks. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The effects of derivatives not designated in qualifying hedge accounting relationships on the Consolidated Statements of Income are shown in the following
table. </P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment income (loss)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest rate swaps</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(927</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(141</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest rate futures</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>372</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(26</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest rate options</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(96</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(11</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Foreign currency swaps</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;529</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(14</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Currency rate futures</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(92</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">263</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Forward contracts</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,231</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(88</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Equity futures</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(2,190</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,387</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Equity contracts</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>153</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(171</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Credit default swaps</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(4</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1,024)</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;(2,574</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(d) Embedded derivatives </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Certain insurance contracts contain features that are classified as embedded derivatives and are measured separately at FVTPL including reinsurance contracts related to
guaranteed minimum income benefits and contracts containing certain credit and interest rate features. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Certain reinsurance contracts related to guaranteed minimum
income benefits contain embedded derivatives requiring separate measurement at FVTPL as the financial component contained in the reinsurance contracts does not contain significant insurance risk. As at December&nbsp;31, 2017, reinsurance ceded
guaranteed minimum income benefits had a fair value of $1,079 (2016&nbsp;&#150;&nbsp;$1,408) and reinsurance assumed guaranteed minimum income benefits had a fair value of $100 (2016&nbsp;&#150;&nbsp;$119). Claims recovered under reinsurance ceded
contracts offset claims expenses and claims paid on the reinsurance assumed are reported as contract benefits. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company&#146;s credit and interest rate embedded
derivatives promise to pay the returns on a portfolio of assets to the contract holder. These embedded derivatives contain a credit and interest rate risk that is a financial risk embedded in the underlying insurance contract. As at
December&nbsp;31, 2017, these embedded derivatives had a fair value of $123 (2016&nbsp;&#150;&nbsp;$218). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Other financial instruments classified as embedded
derivatives but exempt from separate measurement at fair value include variable universal life and variable life products, minimum guaranteed credited rates, no lapse guarantees, guaranteed annuitization options, CPI indexing of benefits, and
segregated fund minimum guarantees other than reinsurance ceded/assumed guaranteed minimum income benefits. These embedded derivatives are measured and reported within insurance contract liabilities and are exempt from separate fair value
measurement as they contain insurance risk and/or are closely related to the insurance host contract. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>136</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B><A NAME="fin476443_6"></A>Note 6&nbsp;&nbsp;&nbsp;&nbsp;Income Taxes </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(a) Components of the income tax expense (recovery) </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Income tax expenses (recovery) recognized in the Consolidated Statements of Income: </P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Current tax</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Current year</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>608</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">659</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Adjustments to prior
year<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(38</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(228</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>570</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">431</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Deferred tax</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Change related to temporary differences</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(803</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(235</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Impact of U.S. Tax
Reform<SUP STYLE="font-size:85%; vertical-align:top"></SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>472</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Income tax expense</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;239</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;&nbsp;196</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Adjustments relating to closure of multiple taxation years </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Income tax expenses (recovery) recognized in Other Comprehensive Income (&#147;OCI&#148;): </P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Current income tax expense (recovery)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>116</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(72</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Deferred income tax expense (recovery)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>320</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(25</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Income tax expense (recovery)</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;436</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;(97</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Income tax expenses (recovery) recognized directly in Equity: </P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Current income tax expense (recovery)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Deferred income tax expense (recovery)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(2</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(2</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Income tax expense (recovery)</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;(2</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;(4</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The effective income tax rate reflected in the Consolidated Statements of Income varies from the Canadian tax rate of 26.75&nbsp;per cent
for the year ended December&nbsp;31, 2017 (2016&nbsp;&#150;&nbsp;26.75 per cent) and the reasons are disclosed below. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Reconciliation of
income tax expense </B></FONT></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income before income taxes</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;2,501</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&nbsp;&nbsp;3,329</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income tax expense at Canadian statutory tax rate</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>669</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">890</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Increase (decrease) in income taxes due to:</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"><FONT STYLE="white-space:nowrap">Tax-exempt</FONT> investment income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(242</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(229</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Differences in tax rate on income not subject to tax in Canada</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(551</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(366</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Recovery of unrecognized tax losses of prior years</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Adjustments to taxes related to prior years</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(182</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(206</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Tax losses and temporary differences not recognized as deferred taxes</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>14</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Impact of U.S. Tax Reform</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>472</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other differences</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>59</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">95</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Income tax expense</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>239</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">196</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B>Impact of U.S. Tax Reform</B> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">On December 22,
2017, the U.S. government enacted new tax legislation effective January 1, 2018. The legislation makes broad and complex changes to the U.S. tax code and accordingly it will take time to assess and interpret the changes. Based on a preliminary
understanding of the new legislation, the Company recorded a provisional charge of $1.8 billion, after-tax, for the estimated impact of U.S. Tax Reform on policyholder liabilities and net deferred tax assets, including the reduction in the U.S.
federal corporate income tax rate and the impact of specific life insurance regulations which limits the deductibility of reserves for U.S. federal income tax purposes. This provisional charge may change materially in the future, following a more
comprehensive review of the legislation, including changes in interpretations and tax assumptions made in the valuation of policy liabilities as well as implementation of and guidance from the Internal Revenue Service and other bodies, and as a
result of any future changes or amendments to that legislation. Refer to note 8(g) for the impact of U.S. Tax Reform on the Company&#146;s insurance contract liabilities. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(b) Current tax receivable and payable </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">As at
December&nbsp;31, 2017, the Company has approximately $778 of current tax receivable included in other assets (2016 &#150; $446) and a current tax payable of $178 included in other liabilities (2016&nbsp;&#150;&nbsp;$387). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>137</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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</div>

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<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(c) Deferred tax assets and liabilities </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table presents the Company&#146;s deferred tax assets and liabilities. </P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December, 31</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Deferred tax assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,569</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,439</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Deferred tax liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1,281</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(1,359</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net deferred tax assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;3,288</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;&nbsp;3,080</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table presents significant components of the Company&#146;s deferred tax assets and liabilities. </P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Balance,<BR>January&nbsp;1,<BR>2017</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Recognized<BR>in Income<BR>Statement</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Recognized in<BR>Other<BR>Comprehensive<BR>Income</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Recognized<BR>in Equity</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Translation<BR>and Other</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Balance,<BR>December&nbsp;31,<BR>2017</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Loss carry forwards</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>942</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(311</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(38</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>596</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Actuarial liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>9,366</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,053</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(17</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(418</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7,878</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Pensions and post-employment benefits</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>352</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(87</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(54</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(3</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>208</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Tax credits</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>875</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(369</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(52</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>454</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accrued interest</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>17</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(12</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(3</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Real estate</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,396</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>284</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(9</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>59</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,062</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Securities and other investments</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(6,064</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;2,172</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(239</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>324</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(3,807</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Sale of investments</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(163</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>58</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(105</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Goodwill and intangible assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,059</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>197</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>37</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(825</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>210</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(548</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>287</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(50</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,080</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>331</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;(320)</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;195</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,288</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Balance,<BR>January&nbsp;1,<BR>2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Recognized<BR>in Income<BR>Statement</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Recognized in<BR>Other<BR>Comprehensive<BR>Income</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Recognized<BR>in Equity</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Translation<BR>and Other</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Balance,<BR>December&nbsp;31,<BR>2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Loss carry forwards</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,493</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(515</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(36</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">942</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Actuarial liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,448</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">244</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;(116</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(205</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,366</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Pensions and post-employment benefits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">329</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(79</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">352</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Tax credits</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">750</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">147</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(22</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">875</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accrued interest</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">121</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(100</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Real estate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,812</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">373</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,396</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Securities and other investments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,218</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(243</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">113</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">112</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">172</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,064</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Sale of investments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(200</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(163</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Goodwill and intangible assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,138</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">58</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,059</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">59</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">134</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">210</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;&nbsp;2,832</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">235</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(14</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;&nbsp;3,080</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The total deferred tax assets as at December&nbsp;31, 2017 of $4,569 (2016&nbsp;&#150;&nbsp;$4,439) include $4,527
(2016&nbsp;&#150;&nbsp;$4,403) where the Company has suffered losses in either the current or preceding year and where the recognition is dependent on future taxable profits in the relevant jurisdictions and feasible management actions. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">As at December&nbsp;31, 2017, tax loss carryforwards available were approximately $3,164 (2016&nbsp;&#150;&nbsp;$3,556) of which $2,109 expire between the years 2020 and
2037 while $159 have no expiry date, and capital loss carryforwards available were approximately $8 (2016&nbsp;&#150;&nbsp;$9) and have no expiry date. A $596 (2016&nbsp;&#150;&nbsp;$942) tax benefit related to these tax loss carryforwards has been
recognized as a deferred tax asset as at December&nbsp;31, 2017, and a benefit of $171 (2016&nbsp;&#150;&nbsp;$139) has not been recognized. In addition, the Company has approximately $606 (2016&nbsp;&#150;&nbsp;$1,039) of tax credit carryforwards
which will expire between the years 2030 and 2037 of which a benefit of $152 (2016&nbsp;&#150;&nbsp;$164) has not been recognized. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The total deferred tax liability
as at December&nbsp;31, 2017 was $1,281 (2016&nbsp;&#150;&nbsp;$1,359). This amount includes the deferred tax liability of consolidated entities. The aggregate amount of taxable temporary differences associated with the Company&#146;s own
investments in subsidiaries is not included in the Consolidated Financial Statements and was $11,780 (2016&nbsp;&#150;&nbsp;$13,102). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>138</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B><A NAME="fin476443_7"></A>Note 7&nbsp;&nbsp;&nbsp;&nbsp;Goodwill and Intangible Assets
</B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(a) Carrying amounts of goodwill and intangible assets </B></FONT></P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="53%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
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<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Balance,<BR>January&nbsp;1,<BR>2017</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Additions/<BR>disposals<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Amortization<BR>expense</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Effect&nbsp;of&nbsp;changes<BR>in foreign<BR>exchange rates</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Balance,<BR>December&nbsp;31,<BR>2017</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Goodwill</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>5,884</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>n/a</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(171</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>5,713</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Indefinite life intangible assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Brand</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>805</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>n/a</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(52</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>753</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Fund management contracts and other<SUP
STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>785</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>n/a</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(30</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>755</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,590</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>n/a</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(82</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,508</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Finite life intangible assets<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Distribution networks</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,093</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>47</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(57</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>989</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Customer relationships</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>969</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>56</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(14</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>899</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Software</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>494</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>306</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>121</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(18</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>661</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>77</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>5</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(2</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>70</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,633</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>306</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>229</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(91</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,619</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total intangible assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>4,223</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>306</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>229</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(173</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>4,127</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total goodwill and intangible assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;10,107</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>306</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;229</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;(344</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>9,840</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Balance,<BR>January&nbsp;1,<BR>2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Additions<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>/<BR>disposals<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Amortization<BR>expense</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Effect of changes<BR>in foreign<BR>exchange rates</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Balance,<BR>December&nbsp;31,<BR>2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Goodwill</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">5,685</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">256</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">n/a</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(57</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">5,884</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Indefinite life intangible assets</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Brand</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">831</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n/a</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(26</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">805</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Fund management contracts and other<SUP
STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">723</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">76</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">n/a</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(14</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">785</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,554</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">76</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">n/a</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(40</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,590</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Finite life intangible assets<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Distribution networks</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">726</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">450</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(33</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,093</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Customer relationships</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">947</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">79</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">969</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Software</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">396</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">229</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">126</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">494</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">76</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">77</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,145</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">764</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">234</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(42</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,633</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total intangible assets</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">3,699</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">840</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">234</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(82</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">4,223</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total goodwill and intangible assets</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">9,384</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1,096</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">234</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(139</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;10,107</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>For fund management contracts, the significant CGUs to which these were allocated and their associated carrying values were John Hancock Investments and Retirement
Plan Services with $367 (2016 &#150; $393) and Canadian Wealth (excluding Manulife Bank of Canada) with $273 (2016 &#150; $273). </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Gross carrying amount of finite life intangible assets was $1,294 for distribution networks, $1,128 for customer relationships, $1,841 for software and $126 for other
(2016 &#150; $1,363, $1,142, $1,581 and $133, respectively). </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>In 2016, acquisitions of Standard Chartered&#146;s MPF business in Hong Kong and Transamerica&#146;s broker-dealer business in the USA led to additions of goodwill of
$194 and $59 and intangible assets of $193 and $26, respectively. Commencement of sales through the DBS relationship led to recognition of $536 of distribution networks. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>In 2016, disposals include impairments of distribution networks for discontinued products of $150 in the U.S. Division. </TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(b) Goodwill impairment testing </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In the fourth
quarter of 2017, the Company completed its annual goodwill impairment testing by determining the recoverable amounts of its businesses using valuation techniques discussed below or based on the most recent detailed similar calculations made in a
prior period (refer to notes 1(f) and 7(c)). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company has determined that there was no impairment of goodwill in 2017 and 2016. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>139</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company allocates goodwill to cash-generating units (&#147;CGU&#148;) or groups of CGUs. Factors considered when
identifying the Company&#146;s CGUs include how the Company is organized to interact with customers, how products are presented and sold, and where interdependencies exist. The following tables present the carrying value of goodwill by CGUs. </P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" WIDTH="2%"></TD>
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<TD></TD>
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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">CGU or Group of CGUs</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Balance,<BR>January&nbsp;1,</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">2017</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Additions/<BR>disposals</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Effect of<BR>changes in<BR>foreign<BR>exchange<BR>rates</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Balance,<BR>December&nbsp;31,</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">2017</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Asia (excluding Hong Kong and Japan)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>160</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(6</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>154</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Hong Kong</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>194</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(14</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>180</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Japan Insurance and Wealth</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>403</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(12</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>391</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Canadian Individual Life</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>155</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>155</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Canadian Affinity Markets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>83</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>83</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Canadian Wealth (excluding Manulife Bank)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,085</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,085</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Canadian Group Benefits and Group Retirement Solutions</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,773</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,773</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">International Group Program</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>90</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(6</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>84</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">John Hancock Insurance</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>428</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(28</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>400</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">John Hancock Investments and Retirement Plan Services</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,220</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(99</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,121</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Asset Management and Other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>293</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(6</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>287</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;5,884</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(171</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;5,713</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2016</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">CGU or Group of CGUs</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Balance,<BR>January&nbsp;1,</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">2016</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Additions/<BR>disposals</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Effect of<BR>changes in<BR>foreign<BR>exchange<BR>rates</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Balance,<BR>December&nbsp;31,</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">2016</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Asia (excluding Hong Kong and Japan)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">166</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(6</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">160</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Hong Kong</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">194</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">194</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Japan Insurance and Wealth</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">404</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">403</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Canadian Individual Life</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">155</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">155</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Canadian Affinity Markets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">83</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">83</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Canadian Wealth (excluding Manulife Bank)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,085</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,085</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Canadian Group Benefits and Group Retirement Solutions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,773</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,773</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">International Group Program</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">93</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">90</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">John Hancock Insurance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">378</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">428</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">John Hancock Investments and Retirement Plan Services</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,254</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(37</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,220</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Asset Management and Other</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">294</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">293</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">5,685</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;256</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(57</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">5,884</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The valuation techniques, significant assumptions and sensitivities, where applicable, applied in the goodwill impairment testing are
described below. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(c) Valuation techniques </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The recoverable amount of each CGU or group of CGUs was based on <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">value-in-use</FONT></FONT>
(&#147;VIU&#148;) for the U.S. (John Hancock) based CGUs, the Canadian Individual Life CGU and the Japan Insurance and Wealth CGU. For all other CGUs, fair value less costs to sell (&#147;FVLCS&#148;) was used. When determining if a CGU is impaired,
the Company compares its recoverable amount to the allocated capital for that unit, which is aligned with the Company&#146;s internal reporting practices. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Under the
VIU approach, an embedded appraisal value is determined from a projection of future distributable earnings derived from both the <FONT STYLE="white-space:nowrap">in-force</FONT> business and new business expected to be sold in the future, and
therefore, reflects the economic value for each CGU&#146;s or group of CGUs&#146; profit potential under a set of assumptions. This approach requires assumptions including sales and revenue growth rates, capital requirements, interest rates, equity
returns, mortality, morbidity, policyholder behaviour, tax rates and discount rates. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Under the FVLCS approach, the Company determines the fair value of the CGU or
group of CGUs using an earnings-based approach which incorporates forecasted earnings, excluding interest and equity market impacts and normalized new business expenses multiplied by an earnings multiple derived from the observable <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">price-to-earnings</FONT></FONT> multiples of comparable financial institutions. The <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">price-to-earnings</FONT></FONT>
multiples used by the Company for testing ranged from 10.6 to 14.8 (2016&nbsp;&#150;&nbsp;10.3 to 13.8). </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(d) Significant assumptions
</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">To calculate embedded value, the Company discounted projected earnings from <FONT STYLE="white-space:nowrap">in-force</FONT> contracts and valued 10 years
of new business growing at expected plan levels, consistent with the periods used for forecasting long-term businesses such as insurance. In arriving at its projections, the Company considered past experience, economic trends such as interest rates,
equity returns and product mix as well as industry and market trends. Where growth rate assumptions for new business cash flows were used in the embedded value calculations, they ranged from negative five per cent to 15&nbsp;per cent
(2016&nbsp;&#150;&nbsp;negative five per cent to 15 per cent). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Interest rate assumptions are based on prevailing market rates at the valuation date. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>140</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Tax rates applied to the projections include the impact of internal reinsurance treaties and amounted to 26.8&nbsp;per
cent, 35&nbsp;per cent and 28.1&nbsp;per cent (2016&nbsp;&#150;&nbsp;26.8&nbsp;per cent, 35&nbsp;per cent and 28.2 per cent) for the Canadian, U.S. and Japan jurisdictions, respectively. Tax assumptions are sensitive to changes in tax laws as well
as assumptions about the jurisdictions in which profits are earned. It is possible that actual tax rates could differ from those assumed. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Discount rates assumed in
determining the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">value-in-use</FONT></FONT> for applicable CGUs or groups of CGUs ranged from nine per cent to 14&nbsp;per cent on an <FONT STYLE="white-space:nowrap">after-tax</FONT>
basis or 11&nbsp;per cent to 15&nbsp;per cent on a <FONT STYLE="white-space:nowrap">pre-tax</FONT> basis (2016&nbsp;&#150;&nbsp;nine per cent to 14&nbsp;per cent on an <FONT STYLE="white-space:nowrap">after-tax</FONT> basis or 11&nbsp;per cent to
15&nbsp;per cent on a <FONT STYLE="white-space:nowrap">pre-tax</FONT> basis). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The key assumptions described above may change as economic and market conditions
change, which may lead to impairment charges in the future. Changes in discount rates and cash flow projections used in the determination of embedded values or reductions in market-based earnings multiples may result in impairment charges in the
future which could be material. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B><A NAME="fin476443_8"></A>Note 8&nbsp;&nbsp;&nbsp;&nbsp;Insurance Contract Liabilities and Reinsurance
Assets </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(a) Insurance contract liabilities and reinsurance assets </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Insurance contract liabilities are reported gross of reinsurance ceded and the ceded liabilities are reported separately as a reinsurance asset. Insurance contract
liabilities include actuarial liabilities, benefits payable, provision for unreported claims and policyholder amounts on deposit. The components of gross and net insurance contract liabilities are shown below. </P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Gross insurance contract liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>291,767</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">284,778</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Gross benefits payable and provision for unreported claims</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,376</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,309</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Gross policyholder amounts on deposit</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>9,462</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">9,418</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Gross insurance contract liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>304,605</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">297,505</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Reinsurance assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(30,359</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(34,952</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net insurance contract liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;274,246</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;262,553</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Net insurance contract liabilities represent the amount which, together with estimated future premiums and net investment income, will be
sufficient to pay estimated future benefits, policyholder dividends and refunds, taxes (other than income taxes) and expenses on policies <FONT STYLE="white-space:nowrap">in-force</FONT> net of reinsurance premiums and recoveries. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Net insurance contract liabilities are determined using CALM, as required by the Canadian Institute of Actuaries. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The determination of net insurance contract liabilities is based on an explicit projection of cash flows using current assumptions for each material cash flow item.
Investment returns are projected using the current asset portfolios and projected reinvestment strategies. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Each assumption is based on the best estimate adjusted by
a margin for adverse deviation. For fixed income returns, this margin is established by scenario testing a range of prescribed and company-developed scenarios consistent with Canadian Actuarial Standards of Practice. For all other assumptions, this
margin is established by directly adjusting the best estimate assumption. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Cash flows used in the net insurance contract liabilities valuation adjust the gross policy
cash flows to reflect projected cash flows from ceded reinsurance. The cash flow impact of ceded reinsurance varies depending upon the amount of reinsurance, the structure of reinsurance treaties, the expected economic benefit from treaty cash flows
and the impact of margins for adverse deviation. Gross insurance contract liabilities are determined by discounting gross policy cash flows using the same discount rate as the net CALM model discount rate. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The reinsurance asset is determined by taking the difference between the gross insurance contract liabilities and the net insurance contract liabilities. The reinsurance
asset represents the benefit derived from reinsurance arrangements in force at the date of the Consolidated Statements of Financial Position. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The period used for the
projection of cash flows is the policy lifetime for most individual insurance contracts. For other types of contracts, a shorter projection period may be used, with the contract generally ending at the earlier of the first renewal date on or after
the Consolidated Statements of Financial Position date where the Company can exercise discretion in renewing its contractual obligations or terms of those obligations and the renewal or adjustment date that maximizes the insurance contract
liabilities. For segregated fund products with guarantees, the projection period is generally set as the period that leads to the largest insurance contract liability. Where the projection period is less than the policy lifetime, insurance contract
liabilities may be reduced by an allowance for acquisition expenses expected to be recovered from policy cash flows beyond the projection period used for the liabilities. Such allowances are tested for recoverability using assumptions that are
consistent with other components of the actuarial valuation. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>141</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

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<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(b) Composition </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The composition of insurance contract liabilities and reinsurance assets by line of business and reporting segment is as follows. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Gross insurance contract liabilities </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="43%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00px solid #1f320c" BGCOLOR="#dde0da">Individual insurance</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Participating</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right"><FONT STYLE="white-space:nowrap">Non-</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">participating</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Annuities<BR>and<BR>pensions</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Other<BR>insurance<BR>contract<BR>liabilities<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Total, net of<BR>reinsurance<BR>ceded</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Total<BR>reinsurance<BR>ceded</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Total,<BR>gross&nbsp;of<BR>reinsurance<BR>ceded</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Asia division</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>32,737</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>22,705</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,366</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,435</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>62,243</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>911</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>63,154</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Canadian division</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>11,132</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>34,091</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>19,141</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>11,834</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>76,198</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(676</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>75,522</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">U.S. division</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>8,569</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>57,599</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>26,161</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>43,522</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>135,851</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>29,952</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>165,803</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Corporate and Other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(515</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>48</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>421</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(46</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>172</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>126</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total, net of reinsurance ceded</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>52,438</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>113,880</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>49,716</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>58,212</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>274,246</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>30,359</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>304,605</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total reinsurance ceded</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>11,492</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>11,238</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>6,539</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,090</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>30,359</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total, gross of reinsurance ceded</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;63,930</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;125,118</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;56,255</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;59,302</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;304,605</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="8" BGCOLOR="#ffffff"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00px solid #1f320c" BGCOLOR="#ffffff">Individual insurance</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Participating</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right"><FONT STYLE="white-space:nowrap">Non-</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">participating</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Annuities<BR>and<BR>pensions</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Other<BR>insurance<BR>contract<BR>liabilities<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Total, net of<BR>reinsurance<BR>ceded</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Total<BR>reinsurance<BR>ceded</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Total,<BR>gross&nbsp;of<BR>reinsurance<BR>ceded</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Asia division</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">29,520</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">18,799</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,599</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,649</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">54,567</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">880</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">55,447</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Canadian division</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,974</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31,790</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,620</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73,384</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">593</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73,977</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">U.S. division</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,419</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">56,484</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,529</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40,760</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">135,192</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33,220</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">168,412</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Corporate and Other</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(833</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">62</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">181</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(590</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">259</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(331</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total, net of reinsurance ceded</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49,913</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">106,240</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51,810</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54,590</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">262,553</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">34,952</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">297,505</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total reinsurance ceded</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">13,558</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">12,122</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">8,159</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,113</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">34,952</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total, gross of reinsurance ceded</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">63,471</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">118,362</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">59,969</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">55,703</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">297,505</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Other insurance contract liabilities include group insurance and individual and group health including long-term care insurance. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Separate <FONT STYLE="white-space:nowrap">sub-accounts</FONT> were established for participating policies <FONT STYLE="white-space:nowrap">in-force</FONT> at the
demutualization of MLI and John Hancock Mutual Life Insurance Company. These <FONT STYLE="white-space:nowrap">sub-accounts</FONT> permit this participating business to be operated as separate &#147;closed blocks&#148; of participating policies. As
at December&nbsp;31, 2017, $28,135 (2016&nbsp;&#150;&nbsp;$29,108) of both assets and insurance contract liabilities were related to these closed blocks of participating policies. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(c) Assets backing insurance contract liabilities, other liabilities and capital </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Assets are segmented and matched to liabilities with similar underlying characteristics by product line and major currency. The Company has established target investment
strategies and asset mixes for each asset segment supporting insurance contract liabilities which take into account the risk attributes of the liabilities supported by the assets and expectations of market performance. Liabilities with rate and term
guarantees are predominantly backed by fixed-rate instruments on a cash flow matching basis for a targeted duration horizon. Longer duration cash flows on these liabilities as well as on adjustable products such as participating life insurance are
backed by a broader range of asset classes, including equity and alternative long-duration investments. The Company&#146;s capital is invested in a range of debt and equity investments, both public and private. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Changes in the fair value of assets backing net insurance contract liabilities, that the Company considers to be other than temporary, would have a limited impact on the
Company&#146;s net income wherever there is an effective matching of assets and liabilities, as these changes would be substantially offset by corresponding changes in the value of net insurance contract liabilities. The fair value of assets backing
net insurance contract liabilities as at December&nbsp;31, 2017, excluding reinsurance assets, was estimated at $278,521 (2016&nbsp;&#150; $266,119). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The fair value
of assets backing capital and other liabilities as at December&nbsp;31, 2017 was estimated at $456,278 (2016&nbsp;&#150;&nbsp;$459,256). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>142</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The carrying value of total assets backing net insurance contract liabilities, other liabilities and capital was as
follows. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" WIDTH="2%"></TD>
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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00px solid #1f320c" BGCOLOR="#dde0da">Individual insurance</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Participating</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right"><FONT STYLE="white-space:nowrap">Non-</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">participating</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Annuities<BR>and pensions</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Other insurance<BR>contract<BR>liabilities<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Other<BR>liabilities<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Capital<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Debt securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>27,946</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>63,128</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>26,621</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>25,211</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6,635</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>24,459</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>174,000</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Public equities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>9,264</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5,855</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>171</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>332</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,029</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,894</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>21,545</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Mortgages</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,017</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>10,286</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7,009</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6,891</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>18,476</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>63</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>44,742</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Private placements</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,645</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>12,128</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>8,059</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7,739</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>367</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>194</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>32,132</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Real estate</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,963</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6,198</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,136</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,516</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>769</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>228</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>13,810</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>6,603</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>16,285</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>6,720</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>15,523</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>377,352</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>20,821</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>443,304</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;52,438</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;113,880</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;49,716</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;58,212</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;404,628</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;50,659</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;729,533</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="8" BGCOLOR="#ffffff"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00px solid #1f320c" BGCOLOR="#ffffff">Individual insurance</TD>
<TD VALIGN="bottom" BGCOLOR="#ffffff">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Participating</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right"><FONT STYLE="white-space:nowrap">Non-</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">participating</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Annuities<BR>and pensions</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Other insurance<BR>contract<BR>liabilities<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Other<BR>liabilities<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Capital<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">27,473</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">56,765</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">26,331</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">23,012</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">9,965</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">25,076</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">168,622</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Public equities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,055</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,401</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">213</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">351</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">732</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,744</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,496</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Mortgages</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,110</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,008</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,135</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,554</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,311</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,193</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Private placements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,277</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,823</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,096</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,070</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,272</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">191</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29,729</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Real estate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,811</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,397</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,480</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,561</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">613</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">270</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,132</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">6,187</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">16,846</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">8,555</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">16,042</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">377,000</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">19,879</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">444,509</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">49,913</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">106,240</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">51,810</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">54,590</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">407,893</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">50,235</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">720,681</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Other insurance contract liabilities include group insurance and individual and group health including long-term care insurance. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Other liabilities are <FONT STYLE="white-space:nowrap">non-insurance</FONT> contract liabilities which include segregated funds, bank deposits, long-term debt,
deferred tax liabilities, derivatives, investment contracts, embedded derivatives and other miscellaneous liabilities. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Capital is defined in note 14. </TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(d)
Significant insurance contract liability valuation assumptions </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The determination of insurance contract liabilities involves the use of estimates and
assumptions. Insurance contract liabilities have two major components: a best estimate amount and a provision for adverse deviation. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Best
estimate assumptions </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Best estimate assumptions are made with respect to mortality and morbidity, investment returns, rates of policy termination,
operating expenses and certain taxes. Actual experience is monitored to ensure that assumptions remain appropriate and assumptions are changed as warranted. Assumptions are discussed in more detail in the following table. </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD HEIGHT="5" COLSPAN="3" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; padding-left:8pt" BGCOLOR="#e8eae6">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000" BGCOLOR="#e8eae6">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="3" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt" BGCOLOR="#e8eae6"><FONT COLOR="#1f320c"><B>Nature of factor and assumption methodology</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e8eae6" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt" BGCOLOR="#e8eae6"><FONT COLOR="#1f320c"><B>Risk management</B></FONT></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt" BGCOLOR="#e8eae6"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT
 COLOR="#1f320c"><B>Mortality</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>and</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT
 COLOR="#1f320c"><B>morbidity</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Mortality relates to the occurrence of death. Mortality is a key assumption for life insurance and certain forms
of annuities. Mortality assumptions are based on the Company&#146;s internal experience as well as past and emerging industry experience. Assumptions are differentiated by sex, underwriting class, policy type and geographic market. Assumptions are
made for future mortality improvements.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL">Morbidity relates to the occurrence of accidents and
sickness for insured risks. Morbidity is a key assumption for long-term care insurance, disability insurance, critical illness and other forms of individual and group health benefits. Morbidity assumptions are based on the Company&#146;s internal
experience as well as past and emerging industry experience and are established for each type of morbidity risk and geographic market. Assumptions are made for future morbidity improvements.</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">The Company maintains underwriting standards to determine the
insurability of applicants. Claim trends are monitored on an ongoing basis. Exposure to large claims is managed by establishing policy retention limits, which vary by market and geographic location. Policies in excess of the limits are reinsured
with other companies.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL">Mortality is monitored monthly and the overall 2017 experience was
unfavourable (2016&nbsp;&#150;&nbsp;unfavourable) when compared to the Company&#146;s assumptions. Morbidity is also monitored monthly and the overall 2017 experience was unfavourable (2016&nbsp;&#150; unfavourable) when compared to the
Company&#146;s assumptions.</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>143</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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<TD VALIGN="bottom" WIDTH="2%"></TD>
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<TR STYLE="font-size:1pt">
<TD HEIGHT="5" COLSPAN="3" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; padding-left:8pt" BGCOLOR="#e8eae6">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000" BGCOLOR="#e8eae6">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="3" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt" BGCOLOR="#e8eae6"><FONT COLOR="#1f320c"><B>Nature of factor and assumption methodology</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e8eae6" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt" BGCOLOR="#e8eae6"><FONT COLOR="#1f320c"><B>Risk management</B></FONT></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt" BGCOLOR="#e8eae6"><FONT COLOR="#1f320c"><B>Investment returns</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">The Company segments assets to support liabilities by business segment and geographic market and establishes
investment strategies for each liability segment. Projected cash flows from these assets are combined with projected cash flows from future asset purchases/sales to determine expected rates of return on these assets for future years. Investment
strategies are based on the target investment policies for each segment and the reinvestment returns are derived from current and projected market rates for fixed income investments and a projected outlook for other alternative long-duration
assets.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Investment return assumptions include expected future asset credit losses on fixed
income investments. Credit losses are projected based on past experience of the Company and industry as well as specific reviews of the current investment portfolio.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL">Investment return assumptions for each asset class and geographic market also incorporate expected investment management expenses that are derived from internal cost
studies. The costs are attributed to each asset class to develop unitized assumptions per dollar of asset for each asset class and geographic market.</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">The Company&#146;s policy of closely matching asset cash
flows with those of the corresponding liabilities is designed to mitigate the Company&#146;s exposure to future changes in interest rates. The interest rate risk positions in business segments are monitored on an ongoing basis. Under CALM, the
reinvestment rate is developed using interest rate scenario testing and reflects the interest rate risk positions.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">In 2017, the movement in interest rates negatively (2016&nbsp;&#150;negatively) impacted the Company&#146;s net income. This negative impact was driven by reductions in
corporate spreads and increase in swap spreads, partially offset by the impact of risk free interest rate movements on policy liabilities.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">The exposure to credit losses is managed against policies that limit concentrations by issuer, corporate connections, ratings, sectors and geographic regions. On
participating policies and some <FONT STYLE="white-space:nowrap">non-participating</FONT> policies, credit loss experience is passed back to policyholders through the investment return crediting formula. For other policies, premiums and benefits
reflect the Company&#146;s assumed level of future credit losses at contract inception or most recent contract adjustment date. The Company holds explicit provisions in actuarial liabilities for credit risk including provisions for adverse
deviation.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">In 2017, credit loss experience on debt securities and mortgages was favourable
(2016&nbsp;&#150;&nbsp;favourable) when compared to the Company&#146;s assumptions.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Equities,
real estate and other alternative long-duration assets are used to support liabilities where investment return experience is passed back to policyholders through dividends or credited investment return adjustments. Equities, real estate, oil and gas
and other alternative long-duration assets are also used to support long-dated obligations in the Company&#146;s annuity and pension businesses and for long-dated insurance obligations on contracts where the investment return risk is borne by the
Company.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">In 2017, investment experience on alternative long-duration assets backing
policyholder liabilities was unfavourable (2016&nbsp;&#150;&nbsp;unfavourable) primarily due to losses on real estate, oil and gas properties and timber and agriculture properties, partially offset by gains on private equities. In 2017, alternative
long-duration asset origination exceeded (2016&nbsp;&#150;exceeded) valuation requirements.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">In
2017, for the business that is dynamically hedged, segregated fund guarantee experience on residual, <FONT STYLE="white-space:nowrap">non-dynamically</FONT> hedged market risks was favourable (2016&nbsp;&#150;unfavourable). For the business that is
not dynamically hedged, experience on segregated fund guarantees due to changes in the market value of assets under management was also favourable (2016&nbsp;&#150;&nbsp;unfavourable). This excludes the experience on the macro equity hedges.</P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL">In 2017, investment expense experience was unfavourable (2016&nbsp;&#150;&nbsp;favourable) when
compared to the Company&#146;s assumptions.</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>144</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

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<TD WIDTH="42%"></TD></TR>

<TR STYLE="font-size:1pt">
<TD HEIGHT="5" COLSPAN="3" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; padding-left:8pt" BGCOLOR="#e8eae6">&nbsp;</TD>
<TD HEIGHT="5" COLSPAN="2" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000" BGCOLOR="#e8eae6">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" COLSPAN="3" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt" BGCOLOR="#e8eae6"><FONT COLOR="#1f320c"><B>Nature of factor and assumption methodology</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#e8eae6" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt" BGCOLOR="#e8eae6"><FONT COLOR="#1f320c"><B>Risk management</B></FONT></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt" BGCOLOR="#e8eae6"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT
 COLOR="#1f320c"><B>Policyholder&nbsp;</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>behaviour&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">Policies are terminated through lapses and surrenders, where lapses represent the termination of policies due to <FONT STYLE="white-space:nowrap">non-payment</FONT> of premiums and surrenders
represent the voluntary termination of policies by policyholders. Premium persistency represents the level of ongoing deposits on contracts where there is policyholder discretion as to the amount and timing of deposits. Policy termination and
premium persistency assumptions are primarily based on the Company&#146;s recent experience adjusted for expected future conditions. Assumptions reflect differences by type of contract within each geographic market.</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">The Company seeks to design products that minimize financial
exposure to lapse, surrender and other policyholder behaviour risk. The Company monitors lapse, surrender and other policyholder behaviour experience.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL">In aggregate, 2017 policyholder behaviour experience was unfavourable (2016&nbsp;&#150; unfavourable) when compared to the Company&#146;s assumptions used in the
computation of actuarial liabilities.</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt" BGCOLOR="#e8eae6"><FONT COLOR="#1f320c"><B>Expenses and taxes</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Operating expense assumptions reflect the projected costs of maintaining and servicing <FONT
STYLE="white-space:nowrap">in-force</FONT> policies, including associated overhead expenses. The expenses are derived from internal cost studies projected into the future with an allowance for inflation. For some developing businesses, there is an
expectation that unit costs will decline as these businesses grow.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL">Taxes reflect assumptions
for future premium taxes and other <FONT STYLE="white-space:nowrap">non-income</FONT> related taxes. For income taxes, policy liabilities are adjusted only for temporary tax timing and permanent tax rate differences on the cash flows available to
satisfy policy obligations.</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">The Company prices its products to cover the expected costs
of servicing and maintaining them. In addition, the Company monitors expenses monthly, including comparisons of actual expenses to expense levels allowed for in pricing and valuation.</P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Maintenance expenses for 2017 were unfavourable (2016&nbsp;&#150;unfavourable) when compared to the
Company&#146;s assumptions used in the computation of actuarial liabilities.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL">The Company prices
its products to cover the expected cost of taxes.</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt" BGCOLOR="#e8eae6"><FONT COLOR="#1f320c"><B>Policyholder&nbsp; dividends, experience rating refunds, and&nbsp;
other adjustable policy elements</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">The best estimate projections for policyholder dividends and experience rating refunds, and other adjustable elements of policy benefits are determined to be consistent with management&#146;s
expectation of how these elements will be managed should experience emerge consistently with the best estimate assumptions used for mortality and morbidity, investment returns, rates of policy termination, operating expenses and taxes.</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">The Company monitors policy experience and adjusts policy
benefits and other adjustable elements to reflect this experience.</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL">Policyholder dividends are
reviewed annually for all businesses under a framework of Board-approved policyholder dividend policies.</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt" BGCOLOR="#e8eae6"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT
 COLOR="#1f320c"><B>Foreign</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>currency</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">Foreign currency risk results from a mismatch of the currency of liabilities and the currency of the assets designated to support these obligations. Where a currency mismatch exists, the
assumed rate of return on the assets supporting the liabilities is reduced to reflect the potential for adverse movements in foreign exchange rates.</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">The Company generally matches the currency of its assets with the currency of the liabilities they support, with the objective of mitigating
the risk of loss arising from movements in currency exchange rates.</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company&#146;s practice is to review actuarial assumptions on an annual basis as part of its review of methods and assumptions. Where
changes are made to assumptions (refer to note 8(h)), the full impact is recognized in income immediately. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(e) Sensitivity of insurance
contract liabilities to changes in <FONT STYLE="white-space:nowrap">non-economic</FONT> assumptions </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The sensitivity of net income attributed to
shareholders to changes in <FONT STYLE="white-space:nowrap">non-economic</FONT> assumptions underlying insurance contract liabilities is shown below, assuming that there is a simultaneous change in the assumption across all business units. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In practice, experience for each assumption will frequently vary by geographic market and business and assumption updates are made on a business/geographic specific
basis. Actual results can differ materially from these estimates for a variety of reasons including the interaction among these factors when more than one changes; changes in actuarial and investment return and future investment activity
assumptions; changes in business mix, effective tax rates and other market factors; and the general limitations of internal models. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Potential impact on net income attributed to shareholders arising from changes to <FONT STYLE="white-space:nowrap">non-economic</FONT>
assumptions<SUP STYLE="font-size:85%; vertical-align:top">(1),(2)</SUP> </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, </B></FONT></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Decrease in net income<BR>attributable to shareholders</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Policy related assumptions</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">2% adverse change in future mortality
rates<SUP STYLE="font-size:85%; vertical-align:top">(3),(5)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Products where an increase in rates increases insurance contract liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(400</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(400</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Products where a decrease in rates increases insurance contract liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(400</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(500</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">5% adverse change in future morbidity
rates<SUP STYLE="font-size:85%; vertical-align:top">(4),(5)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;(3,900</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;(3,700</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">10% adverse change in future termination
rates<SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(2,000</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,900</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">5% increase in future expense levels</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(500</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(500</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>145</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

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<p Style='page-break-before:always'>
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<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>The sensitivities as at December&nbsp;31, 2017 include the impact of lower U.S. corporate tax rates effective January&nbsp;1, 2018. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>The participating policy funds are largely self-supporting and generate no material impact on net income attributed to shareholders as a result of changes in <FONT
STYLE="white-space:nowrap">non-economic</FONT> assumptions. Experience gains or losses would generally result in changes to future dividends, with no direct impact to shareholders. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>An increase in mortality rates will generally increase policy liabilities for life insurance contracts whereas a decrease in mortality rates will generally increase
policy liabilities for policies with longevity risk such as payout annuities. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>No amounts related to morbidity risk are included for policies where the policy liability provides only for claims costs expected over a short period, generally less
than one year, such as Group Life and Health. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>The impacts of the sensitivities on long-term care for morbidity, mortality and lapse are assumed to be moderated by partial offsets from the Company&#146;s ability
to contractually raise premium rates in such events, subject to state regulatory approval. </TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(f) Provision for adverse
deviation assumptions </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The assumptions made in establishing insurance contract liabilities reflect expected best estimates of future experience. To
recognize the uncertainty in these best estimate assumptions, to allow for possible misestimation of and deterioration in experience and to provide a greater degree of assurance that the insurance contract liabilities are adequate to pay future
benefits, the Appointed Actuary is required to include a margin in each assumption. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Margins are released into future earnings as the policy is released from risk.
Margins for interest rate risk are included by testing a number of scenarios of future interest rates. The margin can be established by testing a limited number of scenarios, some of which are prescribed by the Canadian Actuarial Standards of
Practice, and determining the liability based on the worst outcome. Alternatively, the margin can be set by testing many scenarios, which are developed according to actuarial guidance. Under this approach the liability would be the average of the
outcomes above a percentile in the range prescribed by the Canadian Actuarial Standards of Practice. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Specific guidance is also provided for other risks such as
market, credit, mortality and morbidity risks. For other risks which are not specifically addressed by the Canadian Institute of Actuaries, a range is provided of five per cent to 20&nbsp;per cent of the expected experience assumption. The Company
uses assumptions within the permissible ranges, with the determination of the level set considering the risk profile of the business. On occasion, in specific circumstances for additional prudence, a margin may exceed the high end of the range,
which is permissible under the Canadian Actuarial Standards of Practice. This additional margin would be released if the specific circumstances which led to it being established were to change. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Each margin is reviewed annually for continued appropriateness. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT
 COLOR="#1f320c"><B>(g) Change in insurance contract liabilities </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The change in insurance contract liabilities was a result of the following business
activities and changes in actuarial estimates. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="60%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the year ended December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Net&nbsp;actuarial<BR>liabilities</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Other<BR>insurance<BR>contract<BR>liabilities <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Net<BR>insurance<BR>contract<BR>liabilities</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Reinsurance<BR>assets</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Gross<BR>insurance<BR>contract<BR>liabilities</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Balance, January&nbsp;1</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>251,738</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>10,815</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>262,553</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>34,952</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>297,505</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-3.00em; font-size:8pt; font-family:ARIAL">New policies<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,545</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,545</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>441</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,986</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-3.00em; font-size:8pt; font-family:ARIAL">Normal <FONT STYLE="white-space:nowrap">in-force</FONT>
movement<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>15,192</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>930</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>16,122</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(3,097</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>13,025</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-3.00em; font-size:8pt; font-family:ARIAL">Changes in methods and assumptions<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>305</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(28</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>277</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>47</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>324</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Impact of U.S. Tax Reform<SUP STYLE="font-size:85%; vertical-align:top">(2),(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,246</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,246</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,246</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Increase due to decision to change the portfolio asset mix supporting legacy businesses<SUP
STYLE="font-size:85%; vertical-align:top">(2),(4)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,340</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,340</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>43</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,383</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Impact of changes in foreign exchange rates</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(11,275</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(562</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(11,837</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(2,027</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(13,864</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Balance, December&nbsp;31</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>263,091</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>11,155</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>274,246</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>30,359</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>304,605</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the year ended December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Net actuarial<BR>liabilities</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Other<BR>insurance<BR>contract<BR>liabilities <SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Net<BR>insurance<BR>contract<BR>liabilities</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Reinsurance<BR>assets</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Gross<BR>insurance<BR>contract<BR>liabilities</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Balance, January&nbsp;1</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">239,812</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">10,050</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">249,862</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">35,426</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">285,288</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-3.00em; font-size:8pt; font-family:ARIAL">New policies<SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,617</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,617</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">294</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,911</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-3.00em; font-size:8pt; font-family:ARIAL">Normal <FONT STYLE="white-space:nowrap">in-force</FONT>
movement<SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,579</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,094</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,673</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(405</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,268</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-3.00em; font-size:8pt; font-family:ARIAL">Changes in methods and assumptions<SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">709</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(54</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">655</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">699</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,354</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Impact of changes in foreign exchange rates</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(4,979</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(275</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(5,254</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(1,062</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(6,316</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Balance, December&nbsp;31</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;251,738</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;10,815</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;262,553</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;34,952</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;297,505</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Other insurance contract liabilities are comprised of benefits payable and provision for unreported claims and policyholder amounts on deposit. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>In 2017, the $20,023 increase reported as the change in insurance contract liabilities on the Consolidated Statements of Income primarily consists of changes due to
normal <FONT STYLE="white-space:nowrap">in-force</FONT> movement, new policies, changes in methods and assumptions, the impact of U.S. Tax Reform and the increase due to the decision to change the portfolio asset mix supporting legacy businesses.
These five items in the gross insurance contract liabilities column of this table net to an increase of $20,964, of which $20,212 is included in the Consolidated Statements of Income increase in insurance contract liabilities and $752 is included in
gross claims and benefits. The Consolidated Statements of Income change in insurance contract liabilities also includes the change in embedded derivatives associated with insurance contracts. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>The impact of U.S. Tax Reform, which includes the lowering of the U.S. corporate tax rate from 35% to 21% and limits on the tax deductibility of reserves, resulted in
a $2,246 pre-tax ($1,774 post-tax) increase in policy liabilities due to the impact of temporary tax timing and permanent tax rate differences on the cash flows available to satisfy policyholder obligations. The $472 deferred tax impact on this
increase in policy liabilities, together with the impact of U.S. Tax Reform on the Company&#146;s deferred tax assets and liabilities is included in note 6. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>146</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>The decision to reduce the allocation to ALDA in the portfolio asset mix supporting the Company&#146;s North American legacy businesses resulted in an increase in
policy liabilities due to the impact on future expected investment income on assets supporting the policies. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>In 2016, the $18,014 increase reported as the change in insurance contract liabilities on the Consolidated Statements of Income primarily consists of changes due to
normal <FONT STYLE="white-space:nowrap">in-force</FONT> movement, new policies and changes in methods and assumptions. These three items in the gross insurance contract liabilities column of this table net to an increase of $18,533, of which $17,529
is included in the Consolidated Statements of Income increase in insurance contract liabilities and $1,004 is included in gross claims and benefits. The Consolidated Statements of Income change in insurance contract liabilities also includes the
change in embedded derivatives associated with insurance contracts. </TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(h) Actuarial methods and assumptions </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">A comprehensive review of valuation assumptions and methods is performed annually. The review is designed to reduce the Company&#146;s exposure to uncertainty by ensuring
assumptions for both asset related and liability related risks remain appropriate. This is accomplished by monitoring experience and updating assumptions which represent a best estimate view of future experience, and margins that are appropriate for
the risks assumed. While the assumptions selected represent the Company&#146;s current best estimates and assessment of risk, the ongoing monitoring of experience and the economic environment is likely to result in future changes to the valuation
assumptions, which could be material. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Annual Review 2017 </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The quantification of the impact of the 2017 comprehensive review of valuation methods and assumptions is as of July&nbsp;1, 2017 for all lines of business. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The 2017 full year review of actuarial methods and assumptions resulted in an increase in insurance and investment contract liabilities of $277, net of reinsurance, and a
decrease in net income attributed to shareholders of $35 <FONT STYLE="white-space:nowrap">post-tax.</FONT> These charges exclude the impacts of the U.S. Tax Reform and reducing the allocation to ALDA in the Company&#146;s portfolio asset mix. The
charge to net income in the fourth quarter of 2017 for these two items was $2.8&nbsp;billion, which primarily related to the <FONT STYLE="white-space:nowrap">post-tax</FONT> change in policy liabilities. Refer to notes 6 and 8(g) for further
details. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the year ended December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Change&nbsp;in&nbsp;gross<BR>insurance and<BR>investment<BR>contract&nbsp;liabilities</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Change&nbsp;in&nbsp;insurance<BR>and investment<BR>contract liabilities<BR>net of reinsurance<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Change&nbsp;in&nbsp;net</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">income&nbsp;attributed<BR>to shareholders</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right"><FONT
STYLE="white-space:nowrap">(post-tax)</FONT></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Mortality and morbidity updates</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(219</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(254</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>299</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Lapses and policyholder behaviour</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,057</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,019</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(783</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other updates</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">ALDA and public equity investment return assumptions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,403</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>1,296</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(892</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Corporate spread assumptions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(554</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(515</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>344</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Refinements to liability and tax cash flows</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,273</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(1,049</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>696</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right"><B>(90</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right"><B>(220</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right"><B>301</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net impact</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;324</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;277</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(35)</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>The $277 increase in insurance and investment contract liabilities net of reinsurance, included an increase in net liabilities associated with participating insurance
business resulting in a charge to net income attributed to participating policyholders of $88. </TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Mortality and morbidity
updates </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Mortality and morbidity updates resulted in a $299 benefit to net income attributed to shareholders. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company completed a detailed review of the mortality assumptions for its U.S. life insurance business which resulted in a $384 charge to net income attributed to
shareholders. Assumptions were increased, particularly at older ages, reflecting both industry and the Company&#146;s own experience. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Updates to actuarial standards
related to future mortality improvement, and the review of mortality improvement assumptions globally, resulted in a $264 benefit to net income attributed to shareholders primarily in Canada and Asia. The updated actuarial standards include a
diversification benefit for the determination of margins for adverse deviation which recognizes the offsetting impact of longevity and mortality risk. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company
completed a detailed review of mortality assumptions for its Canadian retail insurance business which resulted in a $222 benefit to net income attributed to shareholders. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Other updates to mortality and morbidity assumptions led to a $197 benefit to net income attributed to shareholders. These updates included a reduction in the margins for
adverse deviation applied to morbidity assumptions for certain medical insurance products in Japan. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Updates to lapses and policyholder
behaviour </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Updates to lapses and policyholder behaviour assumptions resulted in a $783 charge to net income attributed to shareholders. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In Canadian retail insurance, lapse assumptions were reduced for certain universal life products to reflect recent experience, leading to a $315 charge to net income
attributed to shareholders. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">For Canadian segregated fund guaranteed minimum withdrawal benefit lapses, incidence and utilization assumptions were updated to reflect
recent experience which led to a $242 charge to net income attributed to shareholders. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>147</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Other updates to lapse and policyholder behaviour assumptions were made across several product lines including a
reduction in lapse assumptions for the Company&#146;s whole life insurance products in Japan, leading to a $226 charge to net income attributed to shareholders. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT
 COLOR="#1f320c"><B>Other updates </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Other updates resulted in a $449 benefit to net income attributed to shareholders. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company reviewed its investment return assumptions for ALDA and public equities, which in aggregate led to a reduction in return assumptions and a $892 charge to net
income attributed to shareholders. The Company also reviewed future corporate spread assumptions, which led to a $344 benefit to net income attributed to shareholders. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Refinements to the projection of the Company&#146;s liability and tax cash flows in the U.S. resulted in a $696 benefit to net income attributed to shareholders. These
changes included refinements to the projection of policyholder crediting rates for certain universal life insurance products. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Other refinements resulted in a $301
benefit to net income attributed to shareholders. These changes included a review of provisions for reinsurance counterparty credit risk and several other refinements to the projection of both the Company&#146;s asset and liability cash flows. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Annual Review 2016 </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The 2016 full year review of
actuarial methods and assumptions resulted in an increase in insurance and investment contract liabilities of $655, net of reinsurance, and a decrease in net income attributed to shareholders of $453 <FONT STYLE="white-space:nowrap">post-tax.</FONT>
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="64%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the year ended December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Change&nbsp;in&nbsp;gross<BR>insurance and<BR>investment<BR>contract&nbsp;liabilities</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Change&nbsp;in&nbsp;insurance<BR>and investment<BR>contract liabilities<BR>net of reinsurance</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Change&nbsp;in&nbsp;net<BR>income&nbsp;attributed<BR>to
shareholders</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right"><FONT STYLE="white-space:nowrap">(post-tax)</FONT></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">JH Long-Term Care triennial review</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">696</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">696</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(452</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Mortality and morbidity updates</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(12</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(53</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">76</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Lapses and policyholder behaviour</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">U.S. Variable Annuities guaranteed minimum withdrawal benefit incidence and utilization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,024</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,024</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">665</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other lapses and policyholder behaviour</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">516</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">431</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(356</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Economic reinvestment assumptions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">459</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">443</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(313</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other updates</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">719</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">162</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(73</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net impact</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;1,354</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;655</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;(453</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Long-Term Care triennial review </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">U.S. Insurance completed a comprehensive Long-Term Care experience study. This included a review of mortality, morbidity and lapse experience, as well as the reserve for <FONT
STYLE="white-space:nowrap">in-force</FONT> rate increases filed as a result of the 2013 review. In addition, the Company implemented refinements to the modelling of future tax cash flows for long-term care. The net impact of the review was a $452
charge to net income attributed to shareholders. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Expected future claims costs increased primarily due to claims periods being longer than expected in policy
liabilities, and a reduction in lapse and mortality rates. This increase in expected future claims costs was partially offset by a number of items, including expected future premium increases resulting from this year&#146;s review and a decrease in
the margin for adverse deviations related to the rate of inflation embedded in the Company&#146;s benefit utilization assumptions. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The review of premium increases
assumed in policy liabilities resulted in a benefit to earnings of $1.0&nbsp;billion; this includes future premium increases that are due to the 2016 review of morbidity, mortality and lapse assumptions, and outstanding amounts from the
Company&#146;s 2013 state filings. Premium increases averaging approximately 20&nbsp;per cent will be sought on the vast majority of the <FONT STYLE="white-space:nowrap">in-force</FONT> business, excluding the carryover of 2013 amounts requested.
The Company&#146;s assumptions reflect the estimated timing and amount of state approved premium increases. The actual experience obtaining price increases could be materially different than the Company has assumed, resulting in further increases or
decreases in policy liabilities which could be material. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Mortality and morbidity updates </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Mortality and morbidity assumptions were updated across several business units to reflect recent experience, including updates to morbidity assumptions for certain
medical insurance products in Japan, leading to a $76 benefit to net income attributed to shareholders. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Updates to lapses and policyholder
behaviour </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">U.S. Variable Annuities guaranteed minimum withdrawal benefit incidence and utilization assumptions were updated to reflect recent experience
which led to a $665 benefit to net income attributed to shareholders. The Company updated its incidence assumptions to reflect the favourable impact of policyholders taking withdrawals later than expected. This was partially offset by an increase in
the Company&#146;s utilization assumptions. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>148</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In Japan, lapse rates for term life insurance products were increased at certain durations which led to a $228 charge
to net income attributed to shareholders. Other updates to lapse and policyholder behavior assumptions were made across several product lines, including term products in Canada, which led to a $128 charge to net income attributed to shareholders.
</P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Updates to economic reinvestment assumptions </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company updated economic reinvestment assumptions for risk free rates used in the valuation of policy liabilities which resulted in a $313 charge to net income
attributed to shareholders. These updates included a proactive ten basis point reduction in the Company&#146;s ultimate reinvestment rate (&#147;URR&#148;) assumptions and a commensurate change in the calibration criteria for stochastic risk-free
rates. These updates reflect the fact that interest rates are lower than they were when the current prescribed URR and calibration criteria for stochastic risk-free rates were promulgated by the Actuarial Standards Board (&#147;ASB&#148;) in 2014.
The ASB has indicated that it will update the promulgation periodically, when necessary. The Company expects the promulgation to be updated in 2017 and, if required, it will make further updates to its economic reinvestment assumptions at that time.
</P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Other updates </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Other model refinements
related to the projection of both asset and liability cash flows across several business units led to a $73 charge to net income attributed to shareholders. This included a charge due to refinements to the Company&#146;s CALM models and assumptions
offset by a benefit due to refinements to the modelling of future tax cash flows for certain assets in the U.S. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(i) Insurance contracts
contractual obligations </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Insurance contracts give rise to obligations fixed by agreement. As at December&nbsp;31, 2017, the Company&#146;s contractual
obligations and commitments relating to insurance contracts are as follows. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" ALIGN="center">


<TR>
<TD WIDTH="59%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>Payments due by period</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Less than<BR>1 year</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">1 to 3</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">years</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">3 to 5</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">years</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Over 5<BR>years</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Insurance contract liabilities<SUP
STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;9,788</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;11,236</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;17,153</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;703,877</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;742,054</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Insurance contract liability 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 <FONT STYLE="white-space:nowrap">in-force</FONT> 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. Cash flows include embedded derivatives measured separately at fair value. </TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(j) Gross claims and
benefits </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table presents a breakdown of gross claims and benefits. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Death, disability and other claims</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>14,871</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">13,819</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Maturity and surrender benefits</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6,302</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,697</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Annuity payments</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,470</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,310</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Policyholder dividends and experience rating refunds</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,085</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,111</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net transfers from segregated funds</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1,734</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(878</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;24,994</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;25,059</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B><A NAME="fin476443_9"></A>Note 9&nbsp;&nbsp;&nbsp;&nbsp;Investment Contract Liabilities </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Investment contract liabilities are contractual obligations that do not contain significant insurance risk. Those contracts are measured at either fair value or at
amortized cost. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(a) Investment contract liabilities measured at fair value </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Investment contract liabilities measured at fair value include certain investment savings and pension products sold primarily in Hong&nbsp;Kong and China. The following
table presents movement in investment contract liabilities measured at fair value during the year. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Balance, January&nbsp;1</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>631</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">785</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">New policies</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>50</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Changes in market conditions</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>76</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(103</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Redemptions, surrenders and maturities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(72</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(83</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Impact of changes in foreign exchange rates</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(46</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(21</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Balance, December&nbsp;31</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;639</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;631</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(b) Investment contract liabilities measured at amortized cost </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Investment contract liabilities measured at amortized cost include several fixed annuity products sold in Canada and U.S. fixed annuity products that provide guaranteed
income payments for a contractually determined period of time and are not contingent on survivorship. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>149</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Investment contract liabilities measured at amortized cost are shown below. The fair value associated with these
contracts is also shown for comparative purposes. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="63%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="8" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="8"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Amortized</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">cost</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Fair value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Amortized</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">cost</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Fair value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">U.S. fixed annuity products</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;1,282</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;1,433</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;1,412</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;1,516</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Canadian fixed annuity products</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,205</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,354</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,232</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,389</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Investment contract liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,487</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,787</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">2,644</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">2,905</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The changes in investment contract liabilities measured at amortized cost was a result of the following business activities. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Balance, January&nbsp;1</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;2,644</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;2,712</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Policy deposits</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>68</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">112</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>100</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Withdrawals</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(232</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(235</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Fees</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Impact of changes in foreign exchange rates</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(91</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(45</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Balance, December&nbsp;31</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,487</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">2,644</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Carrying value of fixed annuity products is amortized at a rate that exactly discounts the projected actual cash flows to the net carrying
amount of the liability at the date of issue. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Fair value of fixed annuity products is determined by projecting cash flows according to the contract terms and
discounting the cash flows at current market rates adjusted for the Company&#146;s own credit standing. All investment contracts were categorized in Level&nbsp;2 of the fair value hierarchy (2016&nbsp;&#150;&nbsp;Level 2). </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(c) Investment contracts contractual obligations </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Investment contracts give rise to obligations fixed by agreement. As at December&nbsp;31, 2017, the Company&#146;s contractual obligations and commitments relating to
investment contracts are as follows. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" ALIGN="center">


<TR>
<TD WIDTH="58%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>Payments due by period</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Less than<BR>1 year</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">1 to 3</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">years</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">3 to 5</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">years</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Over 5<BR>years</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment contract liabilities<SUP
STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;283</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;536</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;481</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;3,944</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;5,244</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Due to the nature of the products, the timing of net cash flows may be before contract maturity. Cash flows are undiscounted. </TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B><A NAME="fin476443_10"></A>Note 10&nbsp;&nbsp;&nbsp;&nbsp;Risk Management </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company&#146;s policies and procedures for managing risk related to financial instruments are presented in the &#147;Risk Management&#148; section of the
Company&#146;s MD&amp;A for the year ended December&nbsp;31, 2017. Specifically, these disclosures are included in &#147;Market Risk&#148; and &#147;Liquidity Risk&#148; in that section. These disclosures are in accordance with IFRS 7
&#147;Financial Instruments: Disclosures&#148; and therefore, only the shaded text and tables in the &#147;Risk Management&#148; section form an integral part of these Consolidated Financial Statements. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(a) Credit risk </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Credit risk is the risk of loss
due to inability or unwillingness of a borrower, or counterparty, to fulfill its payment obligations. Worsening regional and global economic conditions, segment or industry sector challenges, or company specific factors could result in defaults or
downgrades and could lead to increased provisions or impairments related to the Company&#146;s general fund invested assets, derivative financial instruments and reinsurance assets and an increase in provisions for future credit impairments that are
included in actuarial liabilities. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company&#146;s exposure to credit risk is managed through risk management policies and procedures which include a defined
credit evaluation and adjudication process, delegated credit approval authorities and established exposure limits by borrower, corporate connection, credit rating, industry and geographic region. The Company measures derivative counterparty exposure
as net potential credit exposure, which takes into consideration <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">mark-to-market</FONT></FONT> values of all transactions with each counterparty, net of any collateral held, and an
allowance to reflect future potential exposure. Reinsurance counterparty exposure is measured reflecting the level of ceded liabilities. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company also ensures
where warranted, that mortgages, private placements and loans to Bank clients are secured by collateral, the nature of which depends on the credit risk of the counterparty. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">An allowance for losses on loans is established when a loan becomes impaired. Allowances for loan losses are calculated to reduce the carrying value of the loans to
estimated net realizable value. The establishment of such allowances takes into consideration normal </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>150</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
historical credit loss levels and future expectations, with an allowance for adverse deviations. In addition, policy liabilities include general provisions for credit losses from future asset
impairments. Impairments are identified through regular monitoring of all credit related exposures, considering such information as general market conditions, industry and borrower specific credit events and any other relevant trends or conditions.
Allowances for losses on reinsurance contracts are established when a reinsurance counterparty becomes unable or unwilling to fulfill its contractual obligations. The allowance for loss is based on current recoverable amounts and ceded policy
liabilities. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Credit risk associated with derivative counterparties is discussed in note 10(d) and credit risk associated with reinsurance counterparties is discussed
in note 10(i). </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Credit exposure </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following
table presents the gross carrying amount of financial instruments subject to credit exposure, without considering any collateral held or other credit enhancements. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Debt securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">FVTPL</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;147,024</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;140,890</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">AFS</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>26,976</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,732</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Mortgages</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>44,742</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,193</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Private placements</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>32,132</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29,729</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Policy loans</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5,808</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,041</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Loans to Bank clients</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,737</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,745</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivative assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>15,569</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,672</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accrued investment income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,182</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,260</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Reinsurance assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>30,359</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,952</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other financial assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>5,253</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">4,844</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;311,782</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;316,058</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Credit quality </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Credit quality of commercial mortgages and private placements is assessed at least annually by using an internal rating based on regular monitoring of credit-related
exposures, considering both qualitative and quantitative factors. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">A provision is recorded when the internal risk ratings indicate that a loss represents the most
likely outcome. The assets are designated as <FONT STYLE="white-space:nowrap">non-accrual</FONT> and an allowance is established based on an analysis of the security and repayment sources. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table presents the credit quality and carrying value of commercial mortgages and private placements. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">AAA</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">AA</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">A</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">BBB</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">BB</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">B&nbsp;and&nbsp;lower</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Commercial mortgages</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Retail</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>110</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,517</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,363</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,050</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>44</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>57</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>8,141</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Office</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>57</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,272</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,635</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,647</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>70</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>28</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7,709</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Multi-family residential</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>523</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,395</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,805</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>726</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,449</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Industrial</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>33</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>386</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,542</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>477</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>145</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,583</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>362</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>331</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,012</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>973</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>14</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,692</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total commercial mortgages</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,085</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>4,901</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>13,357</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>5,873</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>273</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>85</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>25,574</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Agricultural mortgages</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>159</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>405</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>25</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>589</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Private placements</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,038</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>4,246</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>11,978</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>13,160</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>717</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>993</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>32,132</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;2,123</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;9,306</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;25,335</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;19,438</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;1,015</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;1,078</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;58,295</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">AAA</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">AA</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">A</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">BBB</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">BB</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">B and lower</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Commercial mortgages</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Retail</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">97</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,620</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,391</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,084</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">8,199</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Office</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,255</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,972</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,938</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,324</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Multi-family residential</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">656</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,362</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,944</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">844</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,806</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Industrial</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">360</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,452</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">831</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">169</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,834</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">428</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">261</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,323</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">493</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">60</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,565</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total commercial mortgages</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,271</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">4,858</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">13,082</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">6,190</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">284</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">43</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">25,728</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Agricultural mortgages</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">151</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">61</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">469</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">141</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">822</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Private placements</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,086</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">4,466</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">10,671</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">11,606</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">936</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">964</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">29,729</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">2,357</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">9,475</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">23,814</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">18,265</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1,361</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1,007</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">56,279</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Credit quality of residential mortgages and loans to Bank clients is assessed at least annually with the loan being performing or <FONT
STYLE="white-space:nowrap">non-performing</FONT> as the key credit quality indicator. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>151</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Full or partial write-offs of loans are recorded when management believes that there is no realistic prospect of full
recovery. Write-offs, net of recoveries, are deducted from the allowance for credit losses. All impairments are captured in the allowance for credit losses. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The
following table presents the carrying value of residential mortgages and loans to Bank clients. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="54%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="12" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="12"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right">Insured</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right">Uninsured</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right">Total</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">Insured</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">Uninsured</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">Total</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Residential mortgages</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Performing</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;7,256</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;11,310</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;18,566</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">7,574</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">10,050</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">17,624</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"><FONT STYLE="white-space:nowrap">Non-performing</FONT><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>9</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>13</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Loans to Bank clients</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Performing</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>n/a</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,734</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,734</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n/a</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,743</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,743</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"><FONT STYLE="white-space:nowrap">Non-performing</FONT><SUP
STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>n/a</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">n/a</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>7,260</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>13,056</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>20,316</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">7,580</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">11,808</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">19,388</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP><FONT STYLE="white-space:nowrap">Non-performing</FONT> refers to assets that are 90 days or more past due if uninsured and 365 days or more if insured.
</TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The carrying value of government-insured mortgages was 17% of the total mortgage portfolio as at December&nbsp;31, 2017 (2016&nbsp;&#150;19%). The
majority of these insured mortgages are residential loans as classified in the table above. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Past due or credit impaired financial assets
</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company provides for credit risk by establishing allowances against the carrying value of impaired loans and recognizing impairment losses on AFS debt
securities. In addition, the Company reports as impairment certain declines in the fair value of debt securities designated as FVTPL which it deems represent an impairment. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table presents the carrying value of past due but not impaired and impaired financial assets. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000" BGCOLOR="#dde0da">Past due but not impaired</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Less&nbsp;than<BR>90 days</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">90&nbsp;days<BR>and&nbsp;greater</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Total<BR>impaired</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Debt securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">FVTPL</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>45</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">AFS</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>104</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>106</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-3.00em; font-size:8pt; font-family:ARIAL">Private placements</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>363</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>363</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>40</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-3.00em; font-size:8pt; font-family:ARIAL">Mortgages and loans to Bank clients</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>76</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>16</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>92</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>86</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other financial assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>46</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>26</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>72</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;589</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;44</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;633</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;173</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="12"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">Past due but not impaired</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Less than<BR>90 days</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">90 days<BR>and greater</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Total<BR>impaired</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">FVTPL</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">90</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">90</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">AFS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Private placements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">215</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">64</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">279</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">152</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Mortgages and loans to Bank clients</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">70</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other financial assets</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">57</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">54</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">111</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">428</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">147</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">575</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">231</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table summarizes the Company&#146;s loans that are considered impaired. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="75%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Gross<BR>carrying<BR>value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Allowances<BR>for losses</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Net&nbsp;carrying<BR>value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-3.00em; font-size:8pt; font-family:ARIAL">Private placements</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>79</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>39</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>40</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Mortgages and loans to Bank clients</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>132</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>46</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>86</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;211</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;85</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;126</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Gross<BR>carrying<BR>value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Allowances<BR>for losses</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Net<BR>carrying<BR>value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Private placements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">244</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">92</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">152</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Mortgages and loans to Bank clients</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">59</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">26</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">33</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">303</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">118</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">185</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>152</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Allowance for loan losses </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="45%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="12" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="12"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;<BR></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right">Private<BR>placements</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;<BR><BR></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right">Mortgages<BR>and&nbsp;loans&nbsp;to<BR>Bank&nbsp;clients</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;<BR>&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right">Total</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;<BR></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">Private<BR>placements</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;<BR><BR></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">Mortgages<BR>and&nbsp;loans&nbsp;to<BR>Bank&nbsp;clients</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;<BR>&nbsp;<BR>&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">Total</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Balance, January&nbsp;1</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>92</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>26</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>118</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">72</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">29</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">101</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Provisions</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>33</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>35</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">112</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">126</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Recoveries</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(12</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(13</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(62</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(69</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Write-offs<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(43</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(12</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(55</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(30</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(10</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(40</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Balance, December&nbsp;31</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;39</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;46</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>85</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;92</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;26</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;118</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Includes disposals and impact of changes in foreign exchange rates. </TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(b) Securities lending, repurchase and reverse repurchase transactions </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company engages in securities lending to generate fee income. Collateral exceeding the market value of the loaned securities is retained by the Company until the
underlying security has been returned to the Company. The market value of the loaned securities is monitored on a daily basis and additional collateral is obtained or refunded as the market value of the underlying loaned securities fluctuates. As at
December&nbsp;31, 2017, the Company had loaned securities (which are included in invested assets) with a market value of $1,563 (2016&nbsp;&#150;&nbsp;$1,956). The Company holds collateral with a current market value that exceeds the value of
securities lent in all cases. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company engages in reverse repurchase transactions to generate fee income, to take possession of securities to cover short
positions in similar instruments and to meet short-term funding requirements. As at December&nbsp;31, 2017, the Company had engaged in reverse repurchase transactions of $230 (2016&nbsp;&#150;&nbsp;$250) which are recorded as short-term receivables.
In addition, the Company had engaged in repurchase transactions of $228 as at December&nbsp;31, 2017 (2016&nbsp;&#150;&nbsp;$255) which are recorded as payables. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT
 COLOR="#1f320c"><B>(c) Credit default swaps </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company replicates exposure to specific issuers by selling credit protection via credit default swaps
(&#147;CDSs&#148;) to complement its cash debt securities investing. The Company does not write CDS protection in excess of its government bond holdings. A CDS is a derivative instrument representing an agreement between two parties to exchange the
credit risk of a single specified entity or an index based on the credit risk of a group of entities (all commonly referred to as the &#147;reference entity&#148; or a portfolio of &#147;reference entities&#148;), in return for a periodic premium.
CDS contracts typically have a five-year term. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table presents details of the credit default swap protection sold by type of contract and external
agency rating for the underlying reference security. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Notional<BR>amount<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Fair value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Weighted<BR>average<BR>maturity</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">(in&nbsp;years)<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Single name CDSs<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Corporate debt</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">AAA</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>13</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">AA</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>35</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">A</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>408</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>10</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">BBB</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>150</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total single name CDSs</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>606</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>14</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total CDS protection sold</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;606</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;14</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Notional<BR>amount<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Fair value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Weighted<BR>average<BR>maturity</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">(in&nbsp;years)<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Single name CDSs<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Corporate debt</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">AAA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">AA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">A</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">457</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">BBB</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">155</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total single name CDSs</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">662</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total CDS protection sold</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">662</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Rating agency designations are based on S&amp;P where available followed by Moody&#146;s, DBRS, and Fitch. If no rating is available from a rating agency, an
internally developed rating is used. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)&nbsp;</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP> Notional amounts represent the maximum future payments the Company would have to pay its counterparties assuming a default of the underlying credit and zero recovery
on the underlying issuer obligation. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)&nbsp;</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP> The weighted average maturity of the CDS is weighted based on notional amounts. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>153</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company held no purchased credit protection as at December&nbsp;31, 2017 and 2016. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(d) Derivatives </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company&#146;s <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">point-in-time</FONT></FONT> exposure to losses related to credit risk of a derivative counterparty is limited to the amount of any net gains that may have accrued with a particular
counterparty. Gross derivative counterparty exposure is measured as the total fair value (including accrued interest) of all outstanding contracts in a gain position excluding any offsetting contracts in a loss position and the impact of collateral
on hand. The Company limits the risk of credit losses from derivative counterparties by: using investment grade counterparties; entering into master netting arrangements which permit the offsetting of contracts in a loss position in the case of a
counterparty default; and entering into Credit Support Annex agreements, whereby collateral must be provided when the exposure exceeds a certain threshold. All contracts are held with counterparties rated <FONT STYLE="white-space:nowrap">BBB-</FONT>
or higher. As at December&nbsp;31, 2017, the percentage of the Company&#146;s derivative exposure with counterparties rated <FONT STYLE="white-space:nowrap">AA-</FONT> or higher was 20&nbsp;per cent (2016&nbsp;&#150;&nbsp;22 per cent). The
Company&#146;s exposure to credit risk was mitigated by $10,138 fair value of collateral held as security as at December&nbsp;31, 2017 (2016&nbsp;&#150;&nbsp;$12,781). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">As at December&nbsp;31, 2017, the largest single counterparty exposure, without considering the impact of master netting agreements or the benefit of collateral held, was
$2,629 (2016&nbsp;&#150;&nbsp;$3,891). The net exposure to this counterparty, after considering master netting agreements and the fair value of collateral held, was $nil (2016&nbsp;&#150;&nbsp;$nil). As at December&nbsp;31, 2017, the total maximum
credit exposure related to derivatives across all counterparties, without considering the impact of master netting agreements and the benefit of collateral held, was $16,204 (2016&nbsp;&#150;&nbsp;$24,603). </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(e) Offsetting financial assets and financial liabilities </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Certain derivatives, securities lent and repurchase agreements have conditional offset rights. The Company does not offset these financial instruments in the Consolidated
Statements of Financial Position, as the rights of offset are conditional. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In the case of derivatives, collateral is collected from and pledged to counterparties and
clearing houses to manage credit risk exposure in accordance with Credit Support Annexes to swap agreements and clearing agreements. Under master netting agreements, the Company has a right of offset in the event of default, insolvency, bankruptcy
or other early termination. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In the case of reverse repurchase and repurchase transactions, additional collateral may be collected from or pledged to counterparties
to manage credit exposure according to bilateral reverse repurchase or repurchase agreements. In the event of default by a counterparty, the Company is entitled to liquidate the collateral held to offset against the same counterparty&#146;s
obligation. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table presents the effect of conditional master netting and similar arrangements. Similar arrangements may include global master repurchase
agreements, global master securities lending agreements, and any related rights to financial collateral. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00px solid #1f320c" BGCOLOR="#dde0da">Related&nbsp;amounts&nbsp;not&nbsp;set&nbsp;off&nbsp;in&nbsp;the<BR>Consolidated Statements of<BR>Financial Position</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Gross amounts of<BR>financial&nbsp;instruments<BR>presented in the<BR>Consolidated<BR>Statements of<BR>Financial Position<SUP
STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Amounts&nbsp;subject&nbsp;to<BR>an enforceable<BR>master netting<BR>arrangement or<BR>similar agreements</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Financial and<BR>cash&nbsp;collateral<BR>pledged<BR>(received)<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Net amount<BR>including<BR>financing&nbsp;trusts<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Net&nbsp;amounts<BR>excluding<BR>financing<BR>trusts</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Financial assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivative assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>16,204</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(6,714</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(9,395</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>95</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>95</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Securities lending</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,563</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,563</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Reverse repurchase agreements</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>230</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(46</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(184</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total financial assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>17,997</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(6,760</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;(11,142</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>95</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>95</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Financial liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivative liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(8,649</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6,714</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,718</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(217</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(30</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Repurchase agreements</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(228</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>46</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>182</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total financial liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(8,877</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>6,760</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,900</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;(217</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;(30</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>154</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00px solid #1f320c">Related amounts not set off in the<BR>Consolidated Statements of<BR>Financial Position</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Gross amounts of<BR>financial instruments<BR>presented in the<BR>Consolidated<BR>Statements of<BR>Financial
Position<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Amounts subject to<BR>an enforceable<BR>master netting<BR>arrangement or<BR>similar agreements</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Financial and<BR>cash collateral<BR>pledged<BR>(received)<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Net amount<BR>including<BR>financing<BR>trusts<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Net amounts<BR>excluding<BR>financing<BR>trusts</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Financial assets</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivative assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">24,603</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(12,031</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(12,382</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">190</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">189</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Securities lending</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,956</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,956</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Reverse repurchase agreements</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">250</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(250</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total financial assets</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">26,809</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;(12,031</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;(14,588</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">190</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;189</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Financial liabilities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivative liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(15,095</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">12,031</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,800</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;(264</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(42</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Repurchase agreements</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(255</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">255</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total financial liabilities</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;(15,350)</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">12,031</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">3,055</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(264</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(42</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Financial assets and liabilities include accrued interest of $638 and $827, respectively (2016 &#150; $935 and $944, respectively). </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Financial and cash collateral exclude over-collateralization. As at December&nbsp;31, 2017, the Company was over-collateralized on OTC derivative assets, OTC
derivative liabilities, securities lending and reverse purchase agreements and repurchase agreements in the amounts of $743, $382, $79 and $nil, respectively (2016 &#150; $398, $494, $107 and $1, respectively). As at December&nbsp;31, 2017,
collateral pledged (received) does not include <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">collateral-in-transit</FONT></FONT> on OTC instruments or initial margin on exchange traded contracts or cleared contracts.
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Includes derivative contracts entered between the Company and its financing trusts which it does not consolidate. The Company does not exchange collateral on
derivative contracts entered with these trusts. Refer to note&nbsp;17. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Certain of the Company&#146;s credit linked note assets and variable surplus
note liabilities have unconditional offset rights. Under netting agreements, the Company has rights of offset including in the event of the Company&#146;s default, insolvency, or bankruptcy. These financial instruments are offset in the
Company&#146;s Consolidated Statements of Financial Position. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">A credit linked note is a security that allows the issuer to transfer a specific credit risk to the
buyer. A surplus note is a subordinated debt obligation that often qualifies as surplus (the U.S. statutory equivalent of equity) by some U.S. state insurance regulators. Interest payments on surplus notes are made after all other contractual
payments are made. The following table presents the effect of unconditional netting. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="57%"></TD>
<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dbded8" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dbded8">Gross amounts of<BR>financial&nbsp;instruments</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dbded8">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dbded8" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dbded8">Amounts subject to<BR>an enforceable<BR>netting&nbsp;arrangement</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dbded8">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dbded8" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dbded8">Net amounts of<BR>financial&nbsp;instruments<BR>presented in the<BR>Consolidated<BR>Statements of<BR>Financial Position</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dbded8">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Credit linked note<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dbded8">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dbded8"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dbded8" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;461</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dbded8"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dbded8">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dbded8"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dbded8" ALIGN="right"><B>(461</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dbded8"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dbded8">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dbded8"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dbded8" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dbded8"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Variable surplus note</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dbded8" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dbded8"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dbded8" ALIGN="right"><B>(461</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dbded8"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dbded8" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dbded8"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dbded8" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;461</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dbded8"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dbded8" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dbded8"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dbded8" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dbded8"><B>&nbsp;</B></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>In 2017, the Company entered into a twenty-year financing facility with a third party, agreeing to issue variable surplus notes in exchange for an equal amount of
credit linked notes. These notes are held to support John Hancock Life Insurance Company (USA) (&#147;JHUSA&#148;) excess reserves under U.S. National Association of Insurance Commissioners&#146; Model Regulation&nbsp;XXX. In certain scenarios, the
credit linked note will be drawn upon by the Company which will issue fixed surplus notes equal to the draw payment received. The third party has agreed to fund any such payment under the credit-linked notes in return for a fee. As at
December&nbsp;31, 2017, the Company had no fixed surplus notes outstanding. </TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(f) Risk concentrations </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company defines enterprise-wide investment portfolio level targets and limits to ensure that portfolios are diversified across asset classes and individual investment
risks. The Company monitors actual investment positions and risk exposures for concentration risk and reports its findings to the Executive Risk Committee and the Risk Committee of the Board of Directors. </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Debt securities and private placements rated as investment grade BBB or higher<SUP
STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>98%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">97%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Government debt securities as a per cent of total debt securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>39%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Government private placements as a per cent of total private placements</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>10%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Highest exposure to a single <FONT STYLE="white-space:nowrap">non-government</FONT> debt security and private
placement issuer</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,044</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,010</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Largest single issuer as a per cent of the total equity portfolio</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income producing commercial office properties (2017&nbsp;&#150;&nbsp;64% of real estate,
2016&nbsp;&#150;&nbsp;65%)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>8,836</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">9,200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Largest concentration of mortgages and real estate<SUP
STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;&#150;&nbsp;Ontario Canada (2017&nbsp;&#150;&nbsp;25%, 2016&nbsp;&#150;&nbsp;24%)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;14,779</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;13,882</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Investment grade debt securities and private placements include 42% rated A, 16% rated AA and 17% rated AAA (2016 &#150; 41%, 14% and 21%) investments based on
external ratings where available. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Mortgages and real estate are diversified geographically and by property type. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>155</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table presents debt securities and private placements portfolio by sector and industry. </P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="63%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="8" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="8"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Carrying&nbsp;value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">%&nbsp;of&nbsp;total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Carrying&nbsp;value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">%&nbsp;of&nbsp;total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Government and agency</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>71,888</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>35</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">76,020</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Utilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>40,568</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>20</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37,561</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Financial</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>27,923</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>13</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,027</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Energy</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>16,428</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>8</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,775</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Industrial</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>14,691</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,088</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Consumer <FONT STYLE="white-space:nowrap">(non-cyclical)</FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>14,009</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,440</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Consumer (cyclical)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5,916</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,256</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Securitized</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,577</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,514</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Telecommunications</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,324</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,091</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Basic materials</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,248</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,387</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Technology</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,475</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,231</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Media and internet</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,136</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,175</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Diversified and miscellaneous</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>949</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">786</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;206,132</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>100</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;198,351</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(g) Insurance risk </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Insurance risk is the risk of loss due to actual experience for mortality and morbidity claims, policyholder behaviour and expenses emerging differently than assumed when
a product was designed and priced. A variety of assumptions are made related to these experience factors, for reinsurance costs, and for sales levels when products are designed and priced, as well as in the determination of policy liabilities.
Assumptions for future claims are generally based on both Company and industry experience, and assumptions for future policyholder behaviour and expenses are generally based on Company experience. Such assumptions require significant professional
judgment, and actual experience may be materially different than the assumptions made by the Company. Claims may be impacted unexpectedly by changes in the prevalence of diseases or illnesses, medical and technology advances, widespread lifestyle
changes, natural disasters, large-scale <FONT STYLE="white-space:nowrap">man-made</FONT> disasters and acts of terrorism. Policyholder behaviour including premium payment patterns, policy renewals, lapse rates and withdrawal and surrender activity
are influenced by many factors including market and general economic conditions, and the availability and relative attractiveness of other products in the marketplace. Some reinsurance rates are not guaranteed and may be changed unexpectedly.
Adjustments the Company seeks to make to <FONT STYLE="white-space:nowrap">Non-Guaranteed</FONT> elements to reflect changing experience factors may be challenged by regulatory or legal action and the Company may be unable to implement them, or may
face delays in implementation. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company manages insurance risk through global policies, standards and best practices with respect to product design, pricing,
underwriting and claim adjudication, and a global underwriting manual. Each business unit establishes underwriting policies and procedures, including criteria for approval of risks and claims adjudication policies and procedures. The current global
life retention limit is US$30 for individual policies (US$35 for survivorship life policies) and is shared across businesses. Lower limits are applied in some markets and jurisdictions. The Company aims to further reduce exposure to claims
concentrations by applying geographical aggregate retention limits for certain covers. Enterprise-wide, the Company aims to reduce the likelihood of high aggregate claims by operating globally, insuring a wide range of unrelated risk events, and
reinsuring some risk. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(h) Concentration risk </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The geographic concentration of the Company&#146;s insurance and investment contract liabilities, including embedded derivatives, is shown below. The disclosure is based
on the countries in which the business is written. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="69%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Gross liabilities</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Reinsurance<BR>assets</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Net liabilities</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">U.S. and Canada</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>237,434</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(30,225</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>207,209</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Asia and Other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>70,521</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(134</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>70,387</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;307,955</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;(30,359</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;277,596</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Gross liabilities</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Reinsurance<BR>assets</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Net liabilities</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">U.S. and Canada</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">238,796</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(34,987</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">203,809</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Asia and Other</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">62,322</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">35</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">62,357</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">301,118</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(34,952</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">266,166</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>156</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(i) Reinsurance risk </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In the normal course of business, the Company limits the amount of loss on any one policy by reinsuring certain levels of risk with other insurers. In addition, the
Company accepts reinsurance from other reinsurers. Reinsurance ceded does not discharge the Company&#146;s liability as the primary insurer. Failure of reinsurers to honour their obligations could result in losses to the Company; consequently,
allowances are established for amounts deemed uncollectible. To minimize losses from reinsurer insolvency, the Company monitors the concentration of credit risk both geographically and with any one reinsurer. In addition, the Company selects
reinsurers with high credit ratings. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">As at December&nbsp;31, 2017, the Company had $30,359 (2016&nbsp;&#150;&nbsp;$34,952) of reinsurance assets. Of this,
92&nbsp;per cent (2016&nbsp;&#150;&nbsp;92&nbsp;per cent) were ceded to reinsurers with Standard and Poor&#146;s ratings of <FONT STYLE="white-space:nowrap">A-</FONT> or above. The Company&#146;s exposure to credit risk was mitigated by $13,855 fair
value of collateral held as security as at December&nbsp;31, 2017 (2016&nbsp;&#150;&nbsp;$16,600). Net exposure after considering offsetting agreements and the benefit of the fair value of collateral held was $16,504 as at December&nbsp;31, 2017
(2016&nbsp;&#150;&nbsp;$18,352). </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B><A NAME="fin476443_11"></A>Note 11&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Debt </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(a) Carrying value of long-term debt instruments </B></FONT></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">Issue date</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">Maturity date</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Par value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">4.70% Senior notes<SUP STYLE="font-size:85%; vertical-align:top">(1),(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">June&nbsp;23, 2016</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">June&nbsp;23, 2046</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">US$&nbsp;&nbsp;1,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,246</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,333</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">5.375% Senior notes<SUP STYLE="font-size:85%; vertical-align:top">(2),(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">March&nbsp;4, 2016</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">March&nbsp;4, 2046</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">US$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>928</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">994</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">3.527% Senior notes<SUP STYLE="font-size:85%; vertical-align:top">(2),(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">December&nbsp;2, 2016</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">December&nbsp;2, 2026</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">US$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>338</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">361</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">4.150% Senior notes<SUP STYLE="font-size:85%; vertical-align:top">(2),(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">March&nbsp;4, 2016</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">March&nbsp;4, 2026</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">US$&nbsp;&nbsp;1,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,246</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,333</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">4.90% Senior notes<SUP STYLE="font-size:85%; vertical-align:top">(2),(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">September&nbsp;17,&nbsp;2010</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">September&nbsp;17,&nbsp;2020</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">US$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>626</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">669</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">7.768% Medium-term notes<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">April&nbsp;8, 2009</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">April&nbsp;8, 2019</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">599</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">5.505% Medium-term notes<SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">June&nbsp;26, 2008</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">June&nbsp;26, 2018</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>400</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">400</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other notes
payable<SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">n/a</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">n/a</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">n/a</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;4,785</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;5,696</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>MFC may redeem the notes in whole, but not in part, on June&nbsp;23, 2021 and thereafter on every June&nbsp;23, at a redemption price equal to par, together with
accrued and unpaid interest. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>MFC may redeem the senior notes in whole or in part, at any time, at a redemption price equal to the greater of par and a price based on the yield of a corresponding
U.S. Treasury bond plus a specified number of basis points. The specified number of basis points is as follows: 5.375% &#150; 40 bps, 3.527% &#150; 20 bps, 4.150% &#150; 35 bps, and 4.90% &#150; 35 bps. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>These U.S. dollar senior notes have been designated as hedges of the Company&#146;s net investment in its U.S. operations which reduces the earnings volatility that
would otherwise arise from the <FONT STYLE="white-space:nowrap">re-measurement</FONT> of these senior notes into Canadian dollars. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>On October&nbsp;6, 2017, MFC redeemed, prior to maturity, all of its outstanding 7.768% medium term notes due April&nbsp;8, 2019. The early redemption premium of $44
before income taxes was recorded as interest expense. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>MFC may redeem the medium-term notes in whole or in part, at any time, at a redemption price equal to the greater of par and a price based on the yield of a
corresponding Government of Canada bond plus 39 basis points. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Other notes payable were substantially repaid during the year. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The
cash amount of interest paid on long-term debt during the year ended December&nbsp;31, 2017 was $324 (2016&nbsp;&#150;&nbsp;$191). Issue costs are amortized over the term of the debt. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(b) Fair value measurement </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Fair value of a
long-term debt instrument is determined using quoted market prices where available (Level 1). When quoted market prices are not available, fair value is determined with reference to quoted prices of a debt instrument with similar characteristics or
estimated using discounted cash flows using observable market rates (Level 2). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Long-term debt is measured at amortized cost in the Consolidated Statements of
Financial Position. Fair value of long-term debt as at December&nbsp;31, 2017 was $5,187 (2016&nbsp;&#150;&nbsp;$6,100). Long-term debt was categorized in Level&nbsp;2 of the fair value hierarchy (2016&nbsp;&#150;&nbsp;Level&nbsp;2). </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(c) Aggregate maturities of long-term debt </B></FONT></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Less than one year</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>401</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">One to two years</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">400</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Two to three years</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>626</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">599</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Three to four years</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">669</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Four to five years</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Greater than five years</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,758</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">4,021</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;4,785</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;5,696</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>157</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

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<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B><A NAME="fin476443_12"></A>Note 12&nbsp;&nbsp;&nbsp;&nbsp; Capital Instruments
</B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(a) Carrying value of capital instruments </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="35%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">Issuance date</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">Earliest par redemption<BR>date</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">Maturity date</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Par value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">4.165% MLI Subordinated debentures<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">February&nbsp;17, 2012</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">June&nbsp;1, 2017</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">June&nbsp;1, 2022</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">$&nbsp;&nbsp;&nbsp;&nbsp;500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">499</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">3.938% MLI Subordinated debentures<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">September&nbsp;21,&nbsp;2012</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">September&nbsp;21,&nbsp;2017</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">September&nbsp;21,&nbsp;2022</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">$&nbsp;&nbsp;&nbsp;&nbsp;400</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">407</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">2.819% MLI Subordinated debentures<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">February&nbsp;25, 2013</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">February&nbsp;26, 2018</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">February&nbsp;26, 2023</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">$&nbsp;&nbsp;&nbsp;&nbsp;200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>200</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">2.926% MLI Subordinated debentures<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">November&nbsp;29, 2013</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">November&nbsp;29, 2018</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">November&nbsp;29, 2023</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">$&nbsp;&nbsp;&nbsp;&nbsp;250</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>250</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">249</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">2.811% MLI Subordinated debentures<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">February&nbsp;21, 2014</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">February&nbsp;21, 2019</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">February&nbsp;21, 2024</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">$&nbsp;&nbsp;&nbsp;&nbsp;500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>499</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">499</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">7.535% MFCT II Senior debenture notes<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">July&nbsp;10, 2009</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">December&nbsp;31, 2019</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">December&nbsp;31, 2108</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">$&nbsp;1,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,000</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">2.64% MLI Subordinated debentures<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">December&nbsp;1, 2014</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">January&nbsp;15, 2020</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">January&nbsp;15, 2025</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">$&nbsp;&nbsp;&nbsp;&nbsp;500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>499</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">499</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">2.10% MLI Subordinated debentures<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">March&nbsp;10, 2015</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">June&nbsp;1, 2020</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">June&nbsp;1, 2025</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">$&nbsp;&nbsp;&nbsp;&nbsp;750</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>748</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">747</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">2.389% MLI Subordinated debentures<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">June&nbsp;1, 2015</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">January&nbsp;5, 2021</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">January&nbsp;5, 2026</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">$&nbsp;&nbsp;&nbsp;&nbsp;350</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>349</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">349</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">3.85% MFC Subordinated notes<SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">May&nbsp;25, 2016</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">May&nbsp;25, 2021</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">May&nbsp;25, 2026</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">S$&nbsp;&nbsp;&nbsp;&nbsp;500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>467</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">461</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">3.181% MLI Subordinated debentures<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">November&nbsp;20, 2015</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">November&nbsp;22, 2022</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">November&nbsp;22, 2027</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">$&nbsp;1,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>996</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">996</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">3.049% MFC Subordinated debentures<SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">August&nbsp;18, 2017</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">August&nbsp;20, 2024</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">August&nbsp;20, 2029</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">$&nbsp;&nbsp;&nbsp;&nbsp;750</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>746</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">3.00% MFC Subordinated notes<SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">November&nbsp;21, 2017</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">November&nbsp;21, 2024</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">November&nbsp;21, 2024</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">S$&nbsp;&nbsp;&nbsp;&nbsp;500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>467</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">4.061% MFC Subordinated notes<SUP STYLE="font-size:85%; vertical-align:top">(7)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">February&nbsp;24, 2017</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">February&nbsp;24, 2027</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">February&nbsp;24, 2032</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">US$&nbsp;&nbsp;&nbsp;&nbsp;750</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>935</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">7.375% JHUSA Surplus notes<SUP STYLE="font-size:85%; vertical-align:top">(8)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">February&nbsp;25, 1994</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">n/a</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">February&nbsp;15, 2024</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">US$&nbsp;&nbsp;&nbsp;&nbsp;450</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>584</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">627</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">JHFC Subordinated
notes<SUP STYLE="font-size:85%; vertical-align:top">(9)</SUP></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">December&nbsp;14, 2006</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">n/a</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">December&nbsp;15, 2036</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">$&nbsp;&nbsp;&nbsp;&nbsp;650</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>647</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">647</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;8,387</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;7,180</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>MLI redeemed in full the 4.165% subordinated debentures at par, on June&nbsp;1, 2017, the earliest par redemption date. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>MLI redeemed in full the 3.938% subordinated debentures, originally issued by Standard Life Assurance Company of Canada at par, on September&nbsp;21, 2017, the
earliest par redemption date. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Interest is fixed for the period up to the earliest par redemption date, thereafter the interest rate will reset to a floating rate equal to the <FONT
STYLE="white-space:nowrap">90-day</FONT> Bankers&#146; Acceptance rate plus a specified number of basis points and is payable quarterly. The specified number of basis points is as follows: 2.819% &#150; 95 bps, 2.926% &#150; 85 bps, 2.811% &#150; 80
bps, 2.64% &#150; 73 bps, 2.10% &#150; 72 bps, 2.389% &#150; 83 bps, 3.181% &#150; 157 bps. With regulatory approval, MLI may redeem the debentures, in whole or in part, on or after the earliest par redemption date, at a redemption price equal to
par, together with accrued and unpaid interest. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Issued by MLI to Manulife Financial Capital Trust II (MFCT II), a wholly owned unconsolidated related party to the Company. On the earliest par redemption date and on
every fifth anniversary thereafter (each, a &#147;Interest Reset Date&#148;), the rate of interest will reset to equal the yield on <FONT STYLE="white-space:nowrap">5-year</FONT> Government of Canada bonds plus 5.2%. With regulatory approval, MLI
may redeem the debentures, in whole or in part, on the earliest par redemption date and on any Interest Reset Date, at a redemption price equal to par, together with accrued and unpaid interest. The redemption price for the debentures redeemed on
any day that is not an Interest Reset Date will be equal to the greater of par or the fair value of the debt based on the yield on uncallable Government of Canada bonds to the next Interest Reset Date plus (a) 1.0325% if the redemption date is on or
after December&nbsp;31, 2014, but prior to December&nbsp;31, 2019, or (b) 2.065% if the redemption date is after December&nbsp;31, 2019, together with accrued and unpaid interest. Refer to note&nbsp;17. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>On the earliest par redemption date, the interest rate will reset to equal the <FONT STYLE="white-space:nowrap">5-year</FONT> Singapore Dollar Swap Rate plus a
specified number of basis points. The specified number of basis points is as follows: 3.85% &#150; 197 bps, 3.00% &#150; 83.2 bps. With regulatory approval, MFC may redeem the debentures, in whole, but not in part, on the earliest par redemption
date and thereafter on each interest payment date, at a redemption price equal to par, together with accrued and unpaid interest. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Interest is fixed for the period up to the earliest par redemption date, thereafter, the interest rate will reset to a floating rate equal to the <FONT
STYLE="white-space:nowrap">90-day</FONT> Bankers&#146; Acceptance rate plus 105 basis points. With regulatory approval, MFC may redeem the debentures, in whole or in part, on or after the earliest par redemption date, at a redemption price equal to
par, together with accrued and unpaid interest. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(7)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>On the earliest par redemption date, the interest rate will reset to equal the <FONT STYLE="white-space:nowrap">5-Year</FONT> US&nbsp;Dollar <FONT
STYLE="white-space:nowrap">Mid-Swap</FONT> Rate plus 1.647%. With regulatory approval, MFC may redeem the debentures, in whole, but not in part, on the earliest par redemption date, at a redemption price equal to par, together with accrued and
unpaid interest. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(8)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Issued by John Hancock Mutual Life Insurance Company, now John Hancock Life Insurance Company (U.S.A.). Any payment of interest or principal on the surplus notes
requires prior approval from the Department of Insurance and Financial Services of the State of Michigan. The carrying value of the surplus notes reflects an unamortized fair value increment of US$23 (2016 &#150; US$26), which arose as a result of
the acquisition of John Hancock Financial Services, Inc. The amortization of the fair value adjustment is recorded in interest expense. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(9)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Issued by Manulife Holdings (Delaware) LLC (&#147;MHDLL&#148;), now John Hancock Financial Corporation (&#147;JHFC&#148;), a wholly owned subsidiary of MFC, to
Manulife Finance (Delaware) LLC (&#147;MFLLC&#148;), a subsidiary of Manulife Finance (Delaware) L.P. (&#147;MFLP&#148;). MFLP and its subsidiaries are wholly owned unconsolidated related parties to the Company. The note bears interest at a floating
rate equal to the <FONT STYLE="white-space:nowrap">90-day</FONT> Bankers&#146; Acceptance rate plus 0.72%. With regulatory approval, JHFC may redeem the note, in whole or in part, at any time, at par, together with accrued and unpaid interest. Refer
to note&nbsp;17. </TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(b) Fair value measurement </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Fair value of capital instruments is determined using quoted market prices where available (Level 1). When quoted market prices are not available fair value is determined
with reference to quoted prices of a debt instrument with similar characteristics or estimated using discounted cash flows using observable market rates (Level 2). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Capital instruments are measured at amortized cost in the Consolidated Statements of Financial Position. As at December&nbsp;31, 2017, fair value of capital instruments
was $8,636 (2016&nbsp;&#150;&nbsp;$7,417). Capital instruments were categorized in Level&nbsp;2 of the fair value hierarchy (2016&nbsp;&#150;&nbsp;Level 2). </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT
 COLOR="#2a517f"><B><A NAME="fin476443_13"></A>Note 13&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Share Capital and Earnings Per Share </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The authorized capital of MFC
consists of: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">an unlimited number of common shares without nominal or par value; and </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">an unlimited number of Class&nbsp;A, Class&nbsp;B and Class&nbsp;1 preferred shares without nominal or par value, issuable in series. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>158</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(a) Preferred shares </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The changes in issued and outstanding preferred shares are as follows. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="8" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="8"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00px solid #1f320c">2016</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Number&nbsp;of<BR>shares</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">(in&nbsp;millions)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Amount</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Number&nbsp;of<BR>shares</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">(in&nbsp;millions)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Amount</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Balance, January&nbsp;1</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>146</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;3,577</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">110</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;2,693</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Issued, Class&nbsp;1 shares, Series 21</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">425</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Converted, Class&nbsp;1 shares, Series 3</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(42</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Issued, Class&nbsp;1 shares, Series 4</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Issued, Class&nbsp;1 shares, Series 23</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">475</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Issuance costs, net of tax</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(16</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Balance, December&nbsp;31</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>146</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,577</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">146</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">3,577</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table presents additional information on the preferred shares outstanding as at December&nbsp;31, 2017. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="38%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Issue date</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Annual<BR>dividend<BR>rate<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Earliest redemption<BR>date<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Number&nbsp;of<BR>shares</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">(in&nbsp;millions)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Face<BR>amount</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Net<BR>amount<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Class&nbsp;A preferred shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Series 2</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">February&nbsp;18,&nbsp;2005</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.65%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n/a</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">350</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>344</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Series 3</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">January&nbsp;3, 2006</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.50%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n/a</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>294</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Class&nbsp;1 preferred shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Series 3<SUP STYLE="font-size:85%; vertical-align:top">(4),(5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">March&nbsp;11, 2011</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.178%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">June&nbsp;19, 2021</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">158</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>155</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Series 4</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">June&nbsp;20, 2016</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">floating<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n/a</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>41</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Series 5<SUP STYLE="font-size:85%; vertical-align:top">(4),(5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">December&nbsp;6,&nbsp;2011</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.891%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">December&nbsp;19, 2021</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>195</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Series 7<SUP STYLE="font-size:85%; vertical-align:top">(4),(5),(7)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">February&nbsp;22, 2012</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.312%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">March&nbsp;19, 2022</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">250</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>244</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Series 9<SUP STYLE="font-size:85%; vertical-align:top">(4),(5),(8)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">May&nbsp;24, 2012</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.351%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">September&nbsp;19, 2022</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">250</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>244</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Series 11<SUP STYLE="font-size:85%; vertical-align:top">(4),(5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">December&nbsp;4, 2012</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.00%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">March&nbsp;19, 2018</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>196</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Series 13<SUP STYLE="font-size:85%; vertical-align:top">(4),(5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">June&nbsp;21, 2013</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.80%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">September&nbsp;19,&nbsp;2018</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>196</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Series 15<SUP STYLE="font-size:85%; vertical-align:top">(4),(5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">February&nbsp;25, 2014</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.90%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">June&nbsp;19, 2019</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>195</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Series 17<SUP STYLE="font-size:85%; vertical-align:top">(4),(5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">August&nbsp;15, 2014</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.90%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">December&nbsp;19, 2019</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">350</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>343</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Series 19<SUP STYLE="font-size:85%; vertical-align:top">(4),(5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">December&nbsp;3, 2014</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.80%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">March&nbsp;19, 2020</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">250</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>246</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Series 21<SUP STYLE="font-size:85%; vertical-align:top">(4),(5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">February&nbsp;25, 2016</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.60%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">June&nbsp;19, 2021</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">425</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>417</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Series
23<SUP STYLE="font-size:85%; vertical-align:top">(4),(5)</SUP></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">November&nbsp;22,&nbsp;2016</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">4.85%</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">March&nbsp;19, 2022</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">475</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>467</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">146</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;3,650</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;3,577</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Holders of Class&nbsp;A and Class&nbsp;1 preferred shares are entitled to receive <FONT STYLE="white-space:nowrap">non-cumulative</FONT> preferential cash dividends
on a quarterly basis, as and when declared by the Board of Directors. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Redemption of all preferred shares is subject to regulatory approval. With the exception of Class&nbsp;A Series 2, Class&nbsp;A Series 3 and Class&nbsp;1 Series 4
preferred shares, MFC may redeem each series, in whole or in part, at par, on the earliest redemption date or every five years thereafter. Class&nbsp;A Series 2 and Series 3 preferred shares are past their respective earliest redemption date and MFC
may redeem these shares, in whole or in part, at par at any time, subject to regulatory approval, as noted. MFC may redeem the Class&nbsp;1 Series 4, in whole or in part, at any time, at $25.00 per share if redeemed on June&nbsp;19, 2021 and on
June&nbsp;19 every five years thereafter, or at $25.50 per share if redeemed on any other date after June&nbsp;19, 2016, subject to regulatory approval, as noted. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Net of <FONT STYLE="white-space:nowrap">after-tax</FONT> issuance costs. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>On the earliest redemption date and every five years thereafter, the annual dividend rate will be reset to the five year Government of Canada bond yield plus a yield
specified for each series. The specified yield for Class&nbsp;1 shares is: Series 3 &#150; 1.41%, Series 5 &#150; 2.90%, Series 7 &#150; 3.13%, Series 9 &#150; 2.86%, Series 11 &#150; 2.61%, Series&nbsp;13&nbsp;&#150;&nbsp;2.22%, Series 15 &#150;
2.16%, Series 17 &#150; 2.36%, Series 19 &#150; 2.30%, Series 21 &#150; 4.97% and Series 23 &#150; 3.83%. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>On the earliest redemption date and every five years thereafter, Class&nbsp;1 preferred shares are convertible at the option of the holder into a new series that is
one number higher than their existing series, and the holders are entitled to <FONT STYLE="white-space:nowrap">non-cumulative</FONT> preferential cash dividends, payable quarterly if and when declared by the Board of Directors, at a rate equal to
the three month Government of Canada Treasury bill yield plus the rate specified in footnote 4 above. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>The floating dividend rate for the Class&nbsp;1 Shares Series 4 will equal the three month Government of Canada Treasury bill yield plus 1.41%. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(7)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>MFC did not exercise its right to redeem all or any of the outstanding Class&nbsp;1 Shares Series 7 on March&nbsp;19, 2017 (the earliest redemption date). Dividend
rate for Class&nbsp;1 Shares Series 7 was reset as specified in footnote 4 above to an annual fixed rate of 4.312% for a five year period commencing on March&nbsp;20, 2017. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(8)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>MFC did not exercise its right to redeem all or any of the outstanding Class&nbsp;1 Shares Series 9 on September&nbsp;19, 2017 (the earliest redemption date).
Dividend rate for Class&nbsp;1 Shares Series 9 was reset as specified in footnote 4 above to an annual fixed rate of 4.351% for a five year period commencing on September&nbsp;20, 2017. </TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(b) Common shares </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The changes in common shares
issued and outstanding are as follows. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="61%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="8" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="8"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00px solid #1f320c">2016</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Number&nbsp;of<BR>shares</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">(in&nbsp;millions)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Amount</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Number&nbsp;of<BR>shares</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">(in&nbsp;millions)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Amount</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Balance, January&nbsp;1</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,975</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>22,865</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,972</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">22,799</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Issued on exercise of stock options and deferred share units</P></TD>

<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>7</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>124</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">66</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,982</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;22,989</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1,975</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;22,865</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:14pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>159</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(c) Earnings per share </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table presents basic and diluted earnings per common share of the Company. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Basic earnings per common share</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.98</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Diluted earnings per common share</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>0.98</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1.41</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following is a reconciliation of the denominator (number of shares) in the calculation of basic and diluted earnings per share. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Weighted average number of common shares (in millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,978</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,973</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Dilutive stock-based awards<SUP
STYLE="font-size:85%; vertical-align:top">(1)</SUP> (in millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>8</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Weighted average number of diluted common shares (in
millions)</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,986</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1,977</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>The dilutive effect of stock-based awards was calculated using the treasury stock method. This method calculates the number of incremental shares by assuming the
outstanding stock-based awards are (i)&nbsp;exercised and (ii)&nbsp;then reduced by the number of shares assumed to be repurchased from the issuance proceeds, using the average market price of MFC common shares for the year. Excluded from the
calculation was a weighted average of 2&nbsp;million (2016 &#150; 14 million) anti-dilutive stock-based awards. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(d)
Quarterly dividend declaration subsequent to year end </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">On February&nbsp;7, 2018, the Company&#146;s Board of Directors approved a quarterly dividend of
$0.22 per share on the common shares of MFC, payable on or after March&nbsp;19, 2018 to shareholders of record at the close of business on February&nbsp;21, 2018. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Board also declared dividends on the following <FONT STYLE="white-space:nowrap">non-cumulative</FONT> preferred shares, payable on or after March&nbsp;19, 2018 to
shareholders of record at the close of business on February&nbsp;21, 2018. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Class&nbsp;A Shares Series 2&nbsp;&#150;&nbsp;$0.29063 per share</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Class&nbsp;1 Shares Series 11&nbsp;&#150;&nbsp;$0.25 per share</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Class&nbsp;A Shares Series 3&nbsp;&#150;&nbsp;$0.28125 per share</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Class&nbsp;1 Shares Series 13&nbsp;&#150;&nbsp;$0.2375 per share</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Class&nbsp;1 Shares Series 3&nbsp;&#150;&nbsp;$0.136125 per share</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Class&nbsp;1 Shares Series 15&nbsp;&#150;&nbsp;$0.24375 per share</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Class&nbsp;1 Shares Series 4&nbsp;&#150;&nbsp;$0.141103 per share</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Class&nbsp;1 Shares Series 17&nbsp;&#150;&nbsp;$0.24375 per share</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Class&nbsp;1 Shares Series 5&nbsp;&#150;&nbsp;$0.243188 per share</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Class&nbsp;1 Shares Series 19&nbsp;&#150;&nbsp;$0.2375 per share</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Class&nbsp;1 Shares Series 7&nbsp;&#150;&nbsp;$0.2695 per share</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Class&nbsp;1 Shares Series 21&nbsp;&#150;&nbsp;$0.35 per share</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Class&nbsp;1 Shares Series 9&nbsp;&#150;&nbsp;$0.271938 per
share</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">Class&nbsp;1 Shares Series 23&nbsp;&#150;&nbsp;$0.303125 per share</TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B><A NAME="fin476443_14"></A>Note 14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital Management </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(a) Capital management </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company monitors and
manages its consolidated capital in compliance with the Minimum Continuing Capital and Surplus Requirement (&#147;MCCSR&#148;) guideline, issued by the Office of the Superintendent of Financial Institutions (&#147;OSFI&#148;). Under this framework,
the Company&#146;s consolidated available capital is measured against a required amount of risk capital determined in accordance with the guideline. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The
Company&#146;s operating activities are conducted within MLI or its subsidiaries. MLI is regulated by OSFI and is also subject to consolidated risk-based capital requirements using the OSFI MCCSR framework. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">OSFI will be implementing a revised approach to the regulatory capital framework in Canada in the first quarter of 2018. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company seeks to manage its capital with the objectives of: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Operating with sufficient capital to be able to honour all commitments to its policyholders and creditors with a high degree of confidence; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Retaining the ongoing confidence of regulators, policyholders, rating agencies, investors and other creditors in order to ensure access to capital markets; and </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Optimizing return on capital to meet shareholders&#146; expectations subject to constraints and considerations of adequate levels of capital established to meet the first two objectives. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Capital is managed and monitored in accordance with the Capital Management Policy. The policy is reviewed and approved by the Board of Directors annually and is
integrated with the Company&#146;s risk and financial management frameworks. It establishes guidelines regarding the quantity and quality of capital, internal capital mobility, and proactive management of ongoing and future capital requirements.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The capital management framework takes into account the requirements of the Company as a whole as well as the needs of each of the Company&#146;s subsidiaries.
Internal capital targets are set above the regulatory requirements, and consider a number of factors, including expectations of regulators and rating agencies, results of sensitivity and stress testing and our own risk assessments. The Company
monitors against these internal targets and initiates actions appropriate to achieving its business objectives. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>160</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following measure of consolidated capital serves as the foundation of the Company&#146;s capital management
activities at the MFC level. For regulatory reporting purposes, the numbers are further adjusted for various additions or deductions to capital, as mandated by the OSFI guideline. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Consolidated capital </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total equity</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;42,163</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;42,823</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Adjusted for AOCI loss on cash flow hedges</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(109</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(232</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total equity excluding AOCI on cash flow hedges</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>42,272</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43,055</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Qualifying capital instruments</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>8,387</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">7,180</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total capital</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>50,659</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">50,235</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(b) Restrictions on dividends and capital distributions </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Dividends and capital distributions are restricted under the Insurance Company Act (&#147;ICA&#148;). These restrictions apply to both the Company and its primary
operating subsidiary MLI. The ICA prohibits the declaration or payment of any dividend on shares of an insurance company if there are reasonable grounds for believing a company does not have adequate capital and adequate and appropriate forms of
liquidity or the declaration or the payment of the dividend would cause the company to be in contravention of any regulation made under the ICA respecting the maintenance of adequate capital and adequate and appropriate forms of liquidity, or of any
direction made to the company by OSFI. The ICA also requires an insurance company to notify OSFI of the declaration of a dividend at least 15 days prior to the date fixed for its payment. Similarly, the ICA prohibits the purchase for cancellation of
any shares issued by an insurance company or the redemption of any redeemable shares or other similar capital transactions, if there are reasonable grounds for believing that the company does not have adequate capital and adequate and appropriate
forms of liquidity or the payment would cause the company to be in contravention of any regulation made under the ICA respecting the maintenance of adequate capital and adequate and appropriate forms of liquidity, or any direction made to the
company by OSFI. These latter transactions would require the prior approval of OSFI. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The ICA requires Canadian insurance companies to maintain adequate levels of
capital at all times. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Since the Company is a holding company that conducts all of its operations through regulated insurance subsidiaries (or companies owned
directly or indirectly by these subsidiaries), its ability to pay future dividends will depend on the receipt of sufficient funds from its regulated insurance subsidiaries. These subsidiaries are also subject to certain regulatory restrictions under
laws in Canada, the United States and certain other countries that may limit their ability to pay dividends or make other upstream distributions. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company and MLI
have covenanted for the benefit of holders of the outstanding Trust II Notes&nbsp;&#150;&nbsp;Series I (the &#147;Notes&#148;) that, if interest is not paid in full in cash on the Notes on any interest payment date or if MLI elects that holders of
Notes invest interest payable on the Notes on any interest payment date in a new series of Manufacturers Life Class&nbsp;1 Shares, MLI will not declare or pay cash dividends on any MLI Public Preferred Shares (as defined below), if any are
outstanding, and if no MLI Public Preferred Shares are outstanding, MFC will not declare or pay cash dividends on its Preferred Shares and Common Shares, in each case, until the sixth month following such deferral date. &#147;MLI Public Preferred
Shares&#148; means, at any time, preferred shares of MLI which at that time: (a)&nbsp;have been issued to the public (excluding any preferred shares of MLI held beneficially by affiliates of MLI); (b) are listed on a recognized stock exchange; and
(c)&nbsp;have an aggregate liquidation entitlement of at least $200, however, if at any time, there is more than one class of MLI Public Preferred Shares outstanding, then the most senior class or classes of outstanding MLI Public Preferred Shares
shall, for all purposes, be the MLI Public Preferred Shares. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B><A NAME="fin476443_15"></A>Note 15&nbsp;&nbsp;&nbsp;&nbsp;Stock-Based
Compensation </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(a) Stock options </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The
Company grants stock options under its Executive Stock Option Plan (&#147;ESOP&#148;) to selected individuals. The options provide the holder the right to purchase MFC common shares at an exercise price equal to the higher of the prior day, prior <FONT
STYLE="white-space:nowrap">five-day</FONT> or prior <FONT STYLE="white-space:nowrap">ten-day</FONT> average closing market price of the shares on the Toronto Stock Exchange on the date the options are granted. The options vest over a period not
exceeding four years and expire not more than 10 years from the grant date. Effective with the 2015 grant, options may only be exercised after the fifth-year anniversary. A total of 73,600,000 common shares have been reserved for issuance under the
ESOP. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>161</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Options outstanding </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><B>2017</B></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center">2016</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right">Number&nbsp;of<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">options</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">(in&nbsp;millions</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">)&nbsp;</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right">Weighted<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">average</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">exercise</P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">price</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">Number&nbsp;of<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">options</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">(in&nbsp;millions</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">)&nbsp;</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">Weighted<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">average</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">exercise</P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">price</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Outstanding, January&nbsp;1</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>30</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;19.80</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;20.72</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Granted</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>24.56</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.65</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Exercised</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(7</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>16.03</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Expired</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>39.47</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32.92</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Forfeited</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>20.86</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> &nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right"> (1<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> )&nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> &nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right"> 21.04<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> &nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Outstanding, December&nbsp;31</B></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>25</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>20.45</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> &nbsp;<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right"> 30<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> &nbsp;<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> $<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right"> 19.80<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> &nbsp;<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Exercisable, December&nbsp;31</B></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>12</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>19.93</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> &nbsp;<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right"> 18<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> &nbsp;<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> $<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right"> 20.15<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> &nbsp;<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="font-size:14pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" ALIGN="center">


<TR>
<TD WIDTH="43%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center">Options outstanding</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center">Options exercisable</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the year ended December&nbsp;31, 2017</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right">Number&nbsp;of<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">options</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">(in&nbsp;millions</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">)&nbsp;</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right">Weighted<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">average</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">exercise</P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">price</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right">Weighted<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">average</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">remaining</P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">contractual</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">life</P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">(in&nbsp;years)</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right">Number&nbsp;of<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">options</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">(in&nbsp;millions</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">)&nbsp;</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right">Weighted<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">average</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">exercise</P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">price</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL"></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right">Weighted<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">average</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">remaining</P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">contractual</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">life</P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">(in&nbsp;years)</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:7pt; font-family:ARIAL">&nbsp;</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$11.23&nbsp;&#150;&nbsp;$20.99</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>14</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;17.08</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4.91</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>9</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;16.78</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3.05</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$21.00&nbsp;&#150;&nbsp;$29.99</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>10</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>22.77</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6.88</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>21.40</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3.77</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">$30.00&nbsp;&#150;&nbsp;$37.71</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>37.71</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>0.14</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>37.71</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>0.14</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>25</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>20.45</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>5.44</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>12</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>19.93</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2.87</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The weighted average fair value of each option granted in 2017 has been estimated at $5.18 (2016&nbsp;&#150;&nbsp;$3.78) using the
Black-Scholes option-pricing model. The pricing model uses the following assumptions for these options: risk-free interest rate of 1.25% (2016&nbsp;&#150;&nbsp; 1.50%), dividend yield of 3.00% (2016&nbsp;&#150;&nbsp;3.00%), expected volatility of
29.5% (2016&nbsp;&#150;&nbsp;29.5%) and expected life of 6.7 (2016&nbsp;&#150;&nbsp;6.7) years. Expected volatility is estimated by evaluating a number of factors including historical volatility of the share price over multi-year periods. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Compensation expense related to stock options was $16 for the year ended December&nbsp;31, 2017 (2016&nbsp;&#150;&nbsp;$19). </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(b) Deferred share units </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In 2000, the Company
granted deferred share units (&#147;DSUs&#148;) to certain employees under the ESOP. These DSUs vested over a three-year period and each DSU entitles the holder to receive one common share on retirement or termination of employment. When dividends
are paid on common shares, holders of DSUs are deemed to receive dividends at the same rate, payable in the form of additional DSUs. In 2017, nil DSUs were granted to employees under the ESOP (2016&nbsp;&#150;&nbsp;nil). The number of DSUs
outstanding was 610,000 as at December&nbsp;31, 2017 (2016&nbsp;&#150;&nbsp;633,000). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In addition, for certain employees and pursuant to the Company&#146;s deferred
compensation program, the Company grants DSUs under the RSU Plan which entitle the holder to receive payment in cash equal to the value of the same number of common shares plus credited dividends on retirement or termination of employment. In 2017,
the Company granted 23,000 DSUs to certain employees which vest after 34 months (2016&nbsp;&#150;&nbsp;14,000 units which vest after four years). In 2017, nil DSUs (2016&nbsp;&#150;&nbsp;27,000) were granted to certain employees who elected to defer
receipt of all or part of their annual bonus. These DSUs vested immediately. Also, in 2017, 43,000 DSUs (2016&nbsp;&#150;&nbsp;83,000) were granted to certain employees to defer payment of all or part of their Restricted Share Units
(&#147;RSUs&#148;) and/or Performance Share Units (&#147;PSUs&#148;). These DSUs also vested immediately. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The fair value of 156,000 DSUs issued during the year was
$26.22 per unit, as at December&nbsp;31, 2017 (2016&nbsp;&#150;&nbsp;254,000 at $23.91 per unit). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Under the Stock Plan for
<FONT STYLE="white-space:nowrap">Non-Employee</FONT> Directors, each eligible director may elect to receive his or her annual director&#146;s retainer and fees in DSUs or common shares in lieu of cash. Upon termination of the Board service, an
eligible director who has elected to receive DSUs will be entitled to receive cash equal to the value of the DSUs accumulated in his or her account, or at his or her direction, an equivalent number of common shares. A total of one million common
shares have been reserved for issuance under this plan. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL">Number of DSUs (in thousands)</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right"><B>2017</B></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">2016</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Outstanding, January&nbsp;1</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,682</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,542</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Issued</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>156</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">254</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Reinvested</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>88</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">97</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Redeemed</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(279</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(184</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Forfeitures and cancellations</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(2</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> &nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right"> (27<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> )&nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Outstanding, December&nbsp;31</B></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,645</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> &nbsp;<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right"> 2,682<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> &nbsp;<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>162</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Of the DSUs outstanding as at December&nbsp;31, 2017, 610,000 (2016&nbsp;&#150;&nbsp;633,000) entitle the holder to
receive common shares, 1,103,000 (2016&nbsp;&#150;&nbsp;1,235,000) entitle the holder to receive payment in cash and 932,000 (2016&nbsp;&#150;&nbsp;814,000) entitle the holder to receive payment in cash or common shares, at the option of the holder.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Compensation expense related to DSUs was $13 for the year ended December&nbsp;31, 2017 (2016&nbsp;&#150;&nbsp;$6). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The carrying and fair value amount of the DSUs liability as at December&nbsp;31, 2017 was $53 (2016&nbsp;&#150;&nbsp;$43) and was included in other liabilities. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(c) Restricted share units and performance share units </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">For the year ended December&nbsp;31, 2017, 5.6&nbsp;million RSUs (2016&nbsp;&#150;&nbsp;7.6 million) and 1.0&nbsp;million PSUs (2016&nbsp;&#150;&nbsp;1.2 million) were
granted to certain eligible employees under MFC&#146;s Restricted Share Unit Plan. The fair value of the RSUs and PSUs granted during the year was $26.22 per unit as at December&nbsp;31, 2017 (2016&nbsp;&#150;&nbsp;$23.91 per unit). Each RSU and PSU
entitles the holder to receive payment equal to the market value of one common share, plus credited dividends, at the time of vesting, subject to any performance conditions. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">RSUs granted in February 2017 will vest after 34 months and PSUs granted in February 2017 will vest after 36 months from their grant date and the related compensation
expense is recognized over these periods, except where the employee is eligible to retire prior to a vesting date, in which case the cost is recognized over the period between the grant date and the date on which the employee is eligible to retire.
Compensation expense related to RSUs and PSUs was $125 and $21, respectively, for the year ended December&nbsp;31,&nbsp;2017 (2016&nbsp;&#150;&nbsp;$110 and $9, respectively). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The carrying and fair value amount of the RSUs and PSUs liability as at December&nbsp;31, 2017 was $228 (2016&nbsp;&#150;&nbsp;$196) and was included in other
liabilities. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(d) Global share ownership plan </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company&#146;s Global Share Ownership Plan (&#147;GSOP&#148;) allows qualifying employees to apply up to five per cent of their annual base earnings toward the
purchase of common shares. The Company matches a percentage of the employee&#146;s eligible contributions up to a maximum amount. The Company&#146;s contributions vest immediately. All contributions are used to purchase common shares in the open
market. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B><A NAME="fin476443_16"></A>Note 16&nbsp;&nbsp;&nbsp;&nbsp; Employee Future Benefits </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company maintains defined contribution and defined benefit pension plans and other post-employment plans for employees and agents including registered (tax qualified)
pension plans that are typically funded, as well as supplemental <FONT STYLE="white-space:nowrap">non-registered</FONT> <FONT STYLE="white-space:nowrap">(non-qualified)</FONT> pension plans for executives, retiree welfare plans and disability
welfare plans that are typically not funded. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(a) Plan characteristics </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">To reduce the financial risk associated with final average pay defined benefit pension plans and retiree welfare plans, the Company has over time closed all these plans
to new members and, in the case of pension plans, has replaced them with capital accumulation plans. The latter include defined benefit cash balance plans, 401(k) plans and/or defined contribution plans, depending on the country of employment. The
result is that final average pay pension plans account for less than 50&nbsp;per cent of the Company&#146;s global pension obligations and the number of employees who accrue these pensions declines each year. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Prior to the Company&#146;s acquisition of the Canadian-based operations of Standard Life plc, advance provision had been made on Standard Life&#146;s balance sheet for
continuing its practice of regularly granting increases in retiree pensions on a <FONT STYLE="white-space:nowrap">non-contractual</FONT> <FONT STYLE="white-space:nowrap">ad-hoc</FONT> basis. In 2016, the Company concluded that increases would no
longer be regularly granted, consistent with the treatment of pensions for retirees under other Manulife plans. To reflect this change, the advance provision was removed, reducing the net defined benefit liability for the former Standard Life plan
by $55 which was recorded through income. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">All pension arrangements are governed by local pension committees or management but significant plan changes require
approval from the Company&#146;s Board of Directors. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company&#146;s funding policy for defined benefit pension plans is to make the minimum annual contributions
required by regulations in the countries in which the plans are offered. Assumptions and methods prescribed for regulatory funding purposes typically differ from those used for accounting purposes. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company&#146;s remaining defined benefit pension and/or retiree welfare plans are in the U.S., Canada, Japan, and Taiwan. There are also disability welfare plans in
the U.S. and Canada. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The largest defined benefit pension and retiree welfare plans are the primary plans for employees in the U.S. and Canada. These are the material
plans that are discussed in the balance of this note. The Company measures its defined benefit obligations and fair value of plan assets for accounting purposes as at December&nbsp;31 each year. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>U.S. defined benefit pension and retiree welfare plans </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company operates a qualified cash balance plan that is open to new members, a closed <FONT STYLE="white-space:nowrap">non-qualified</FONT> cash balance plan, and a
closed retiree welfare plan. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>163</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Actuarial valuations to determine the Company&#146;s minimum funding contributions for the qualified cash balance plan
are required annually. Deficits revealed in the funding valuations must generally be funded over a period of up to seven years. It is expected that there will be no required funding for this plan in 2018. There are no plan assets set aside for the <FONT
STYLE="white-space:nowrap">non-qualified</FONT> cash balance plan. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The retiree welfare plan subsidizes the cost of life insurance and medical benefits. The majority
of those who retired after 1991 receive a fixed-dollar subsidy from the Company based on service. The plan was closed to all employees hired after 2004. While assets have been set aside in a qualified trust to pay future retiree welfare benefits,
this funding is optional. Retiree welfare benefits offered under the plan coordinate with the U.S. Medicare program to make optimal use of available federal financial support. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The qualified pension and retiree welfare plans are governed by the U.S. Benefits Committee, while the <FONT STYLE="white-space:nowrap">non-qualified</FONT> pension plan
is governed by the U.S. <FONT STYLE="white-space:nowrap">Non-Qualified</FONT> Plans Subcommittee. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Canadian defined benefit pension and
retiree welfare plans </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company&#146;s defined benefit plans in Canada include two registered final average pay pension plans, a <FONT
STYLE="white-space:nowrap">non-registered</FONT> supplemental final average pay pension plan and a retiree welfare plan, all of which have been closed to new members. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Actuarial valuations to determine the Company&#146;s minimum funding contributions for the registered pension plans are required at least once every three years. Deficits
revealed in the funding valuation must generally be funded over a period of not less than ten years. For 2018, the required funding for these plans is expected to be $31. The supplemental <FONT STYLE="white-space:nowrap">non-registered</FONT>
pension plan is not funded. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The retiree welfare plan subsidizes the cost of life insurance, medical and dental benefits. These subsidies are a fixed dollar amount
for those who retired after April&nbsp;30, 2013 and will be eliminated for those who retire after 2019. There are no assets set aside for this plan. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The registered
pension plans are governed by Pension Committees, while the supplemental <FONT STYLE="white-space:nowrap">non-registered</FONT> plan is governed by the Board of Directors. The retiree welfare plan is governed by management. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(b) Risks </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In final average pay pension plans
and retiree welfare plans, the Company generally bears the material risks which include interest rate, investment, longevity and health care cost inflation risks. In defined contribution plans, these risks are typically borne by the employee. In
cash balance plans, the interest rate, investment and longevity risks are partially transferred to the employee. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Material sources of risk to the Company for all
plans include: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">A decline in discount rates that increases the defined benefit obligations by more than the change in value of plan assets; </TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Lower than expected rates of mortality; and </TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">For retiree welfare plans, higher than expected health care costs. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company has managed these risks through plan
design and eligibility changes that have limited the size and growth of the defined benefit obligations. Investment risks for funded plans are managed through strategies aimed at improving the alignment between movements in the invested assets and
movements in the obligations. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In the U.S., delegated committee representatives and management review the financial status of the qualified defined benefit pension
plan at least monthly, and steps are taken in accordance with an established dynamic investment policy to reduce the risk in the plan as the funded status improves. As at December&nbsp;31, 2017, the target asset allocation for the plan was 29%
return-seeking assets and 71% liability-hedging assets. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In Canada, internal committees and management review the financial status of the registered defined benefit
pension plans on at least a quarterly basis. As at December&nbsp;31, 2017, the target asset allocation for the plans was 15% return-seeking assets and 85% liability-hedging assets. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(c) Pension and retiree welfare plans </B></FONT></P>
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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Pension plans</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Retiree&nbsp;welfare&nbsp;plans</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
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<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
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<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Changes in defined benefit obligation:</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
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<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Ending balance prior year</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,767</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,823</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>682</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">713</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Plan mergers<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">143</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Current service cost</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>48</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Past service cost</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(57</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest cost</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>182</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">196</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>26</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Plan participants&#146; contributions</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Actuarial losses (gains) due to:</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Experience</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>15</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(9</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Demographic assumption changes</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(94</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(16</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Economic assumption changes</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>214</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">116</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>41</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Benefits paid</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(315</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(314</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(45</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(50</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Impact of changes in foreign exchange rates</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(206</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(99</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(35</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(17</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Defined benefit obligation, December&nbsp;31</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;4,706</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;4,767</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;665</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;682</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>164</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Pension plans</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Retiree&nbsp;welfare&nbsp;plans</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Change in plan assets:</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Fair value of plan assets, ending balance prior year</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;4,277</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,122</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>603</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">635</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Plan mergers<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">129</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>164</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">169</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>23</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Employer contributions</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>85</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">106</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>12</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Plan participants&#146; contributions</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Benefits paid</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(315</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(314</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(45</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(50</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Administration costs</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(5</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(7</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(2</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Actuarial gains (losses)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>312</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">158</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>30</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Impact of changes in foreign exchange rates</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(191</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(87</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(38</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(18</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Fair value of plan assets, December&nbsp;31</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;4,328</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;4,277</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;587</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;603</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>In Canada, two smaller pension plans were merged into the primary Manulife pension plan in 2016. Amounts shown represent the value of the defined benefit obligations
and assets transferred from the smaller plans into the primary Manulife plan. </TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(d) Amounts recognized in the Consolidated
Statements of Financial Position </B></FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="77%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Pension plans</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Retiree welfare plans</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Development of net defined benefit liability</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Defined benefit obligation</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;4,706</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;4,767</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;665</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;682</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Fair value of plan assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>4,328</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">4,277</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>587</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">603</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Deficit</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>378</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">490</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>78</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">79</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Effect of asset
limit<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Deficit and net defined benefit liability</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>378</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">490</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>78</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">79</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Deficit is comprised of:</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Funded or partially funded plans</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(383</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(292</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(72</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(63</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Unfunded plans</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>761</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">782</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>150</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">142</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Deficit and net defined benefit liability</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>378</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">490</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>78</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;&nbsp;&nbsp;$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">79</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>No reconciliation has been provided for the effect of the asset limit since there was no effect in either year. For the funded pension plans, the present value of the
economic benefits available in the form of reductions in future contributions to the plans is significantly greater than the surplus that would be expected to develop. </TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(e) Disaggregation of defined benefit obligation </B></FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" ALIGN="center">


<TR>
<TD WIDTH="37%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>U.S. plans</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>Canadian plans</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Pension plans</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Retiree&nbsp;welfare&nbsp;plans</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Pension plans</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Retiree&nbsp;welfare&nbsp;plans</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Active members</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>592</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">637</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>34</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>393</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">403</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>20</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Inactive and retired members</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,434</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,528</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>481</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">502</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,287</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,199</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>130</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">122</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;3,026</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;3,165</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;515</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;540</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;1,680</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;1,602</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;150</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;142</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(f) Fair value measurements </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The major categories of plan assets and the actual per cent allocation to each category are as follows. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="16" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="16" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>U.S. plans<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>Canadian plans<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Pension plans</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Retiree welfare plans</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c;border-bottom:1.00px solid #1f320c" BGCOLOR="#dde0da">Pension plans</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c;border-bottom:1.00px solid #1f320c" BGCOLOR="#dde0da">Retiree&nbsp;welfare&nbsp;plans</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Fair&nbsp;value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">%&nbsp;of&nbsp;total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Fair&nbsp;value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">%&nbsp;of&nbsp;total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Fair&nbsp;value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">%&nbsp;of&nbsp;total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Fair&nbsp;value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">%&nbsp;of&nbsp;total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash and cash equivalents</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>33</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>33</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Equity securities<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>695</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>24%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>45</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>8%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>212</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>15%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Debt securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,979</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>67%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>502</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>85%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,165</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>84%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other
investments<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>235</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>8%</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>7</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1%</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>0%</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;2,942</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>100%</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>587</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>100%</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;1,386</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>100%</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>165</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
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<Center><DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
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<TD VALIGN="bottom" WIDTH="2%"></TD>
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<TD VALIGN="bottom" WIDTH="2%"></TD>
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<TD VALIGN="bottom" WIDTH="2%"></TD>
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<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="16"></TD>
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<TD HEIGHT="13" COLSPAN="16"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>U.S. plans<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>Canadian plans<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Pension plans</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Retiree welfare plans</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Pension plans</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" NOWRAP ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Retiree&nbsp;welfare&nbsp;plans</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Fair&nbsp;value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">%&nbsp;of&nbsp;total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Fair&nbsp;value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">%&nbsp;of&nbsp;total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Fair&nbsp;value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">%&nbsp;of&nbsp;total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Fair&nbsp;value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">%&nbsp;of&nbsp;total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash and cash equivalents</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Equity securities<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">825</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">150</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">460</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Debt securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,834</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">62%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">427</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">71%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">809</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other
investments<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">259</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">9%</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1%</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">54</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">4%</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">2,933</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">100%</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;603</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">100%</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1,344</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">100%</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>All the U.S. pension and retiree welfare plan assets have daily quoted prices in active markets, except for the private equity, timber and agriculture assets. In the
aggregate, the latter assets represent approximately 6% of all U.S. pension and retiree welfare plan assets as at December&nbsp;31, 2017 (2016 &#150; 6%). </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>All the Canadian pension plan assets have daily quoted prices in active markets, except for the group annuity contract assets that represent approximately 0.3% of all
Canadian pension plan assets as at December&nbsp;31, 2017 (2016 &#150; 3%, including real estate and mortgage assets that were sold in 2017). </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Equity securities include direct investments in MFC common shares of $1.3 (2016 &#150; $1.1) in the U.S. retiree welfare plan and $nil (2016 &#150; $nil) in Canada.
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Other U.S. plan assets include investment in private equity, timberland and agriculture, and managed futures in 2017. Other Canadian pension plan assets include
investment in the group annuity contract. </TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(g) Net benefit cost recognized in the Consolidated Statements of Income
</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Components of the net benefit cost for the pension plans and retiree welfare plans were as follows. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="62%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Pension plans</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Retiree&nbsp;welfare&nbsp;plans</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Defined benefit current service cost<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>48</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">52</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Defined benefit administrative expenses</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Past service cost&nbsp;&#150;&nbsp;plan amendments<SUP
STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(57</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Service cost</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>53</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest on net defined benefit (asset) liability<SUP
STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>18</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">27</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Defined benefit cost</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>71</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Defined contribution cost</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>75</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">69</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net benefit cost</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;146</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Includes service and interest costs for the two plans merged into the primary Manulife plan after August&nbsp;1, 2016. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Past service cost in 2016 includes ($55) reflecting the removal of the advance provision made in prior years for
<FONT STYLE="white-space:nowrap">non-contractual,</FONT> <FONT STYLE="white-space:nowrap">ad-hoc</FONT> increases in pension for Standard Life retirees. </TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(h) <FONT STYLE="white-space:nowrap">Re-measurement</FONT> effects recognized in Other Comprehensive Income </B></FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="59%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center">Pension plans</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" NOWRAP STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center">Retiree&nbsp;welfare&nbsp;plans</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right"><B>2017</B></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">2016</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right"><B>2017</B></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">2016</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Actuarial gains (losses) on defined benefit obligations:</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Experience</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(15</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>9</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Demographic assumption changes</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">94</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Economic assumption changes</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(214</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(116</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(41</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(20</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Return on plan assets greater (less) than discount rate</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>312</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">158</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;30</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total <FONT STYLE="white-space:nowrap">re-measurement</FONT>
effects</B></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> $<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right"> &nbsp;&nbsp;&nbsp;136<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> &nbsp;<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;$</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(2</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right"> 6<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> &nbsp;<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(i) Assumptions </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The key assumptions used by the Company to determine the defined benefit obligation and net benefit cost for the defined benefit pension plans and retiree welfare plans
were as follows. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="40%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><B>U.S. Plans</B></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><B>Canadian Plans</B></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center">Pension plans</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center">Retiree welfare plans</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center">Pension plans</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center">Retiree welfare plans</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right"><B>2017</B></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">2016</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right"><B>2017</B></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">2016</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right"><B>2017</B></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">2016</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right"><B>2017</B></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">2016</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>To determine the defined benefit obligation at end of
year</B><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP><B>:</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Discount rate</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3.6%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.1%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3.6%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.1%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3.5%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.9%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3.6%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.0%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Initial health care cost trend rate<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>n/a</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n/a</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>8.5%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.8%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>n/a</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">n/a</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5.9%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.0%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>To determine the defined benefit cost for the
year<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>:</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Discount rate</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4.1%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.4%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4.1%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.3%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3.9%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.1%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4.0%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.1%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Initial health care cost trend rate<SUP
STYLE="font-size:85%; vertical-align:top">(2)</SUP></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>n/a</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> &nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right"> n/a<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> &nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>8.8%</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> &nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right"> 9.0%<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> &nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>n/a</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> &nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right"> n/a<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> &nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>6.0%</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> &nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right"> 6.1%<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> &nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
</TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>Inflation and salary increase assumptions are not shown as they do not materially affect obligations and cost. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>The health care cost trend rate used to measure the U.S. based retiree welfare obligation was 8.5% grading to 5.0% for 2032 and years thereafter (2016 &#150; 8.8%
grading to 5.0% for 2032) and to measure the net benefit cost was 8.8% grading to 5.0% for 2032 and years thereafter (2016 &#150; 9.0% grading to 5.0% for 2032). In Canada, the rate used to measure the retiree welfare obligation was 5.9% grading to
4.8% for 2026 and years thereafter (2016 &#150; 6.0% grading to 4.8% for 2026) and to measure the net benefit cost was 6.0% grading to 4.8% for 2026 and years thereafter (2016 &#150; 6.1% grading to 4.8% for 2026). </TD></TR></TABLE>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>166</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Assumptions regarding future mortality are based on published statistics and mortality tables. The current life
expectancies underlying the values of the obligations in the defined benefit pension and retiree welfare plans are as follows. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">U.S.</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Canada</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Life expectancy (in years) for those currently age 65</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Males</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>22.4</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>22.8</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Females</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>23.9</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>24.7</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Life expectancy (in years) at age 65 for those currently age 45</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Males</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>24.0</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>23.8</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Females</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>25.5</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>25.6</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(j) Sensitivity of assumptions on obligation </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Assumptions used can have a significant effect on the obligations reported for defined benefit pension and retiree welfare plans. The potential impact on the obligations
arising from changes in the key assumptions is set out in the following table. The sensitivities assume all other assumptions are held constant. In actuality, inter-relationships with other assumptions may exist. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Pension&nbsp;plans</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Retiree&nbsp;welfare&nbsp;plans</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Discount rate:</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Impact of a 1% increase</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(451</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(67</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Impact of a 1% decrease</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>536</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>82</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Health care cost trend rate:</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Impact of a 1% increase</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>n/a</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>24</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Impact of a 1% decrease</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>n/a</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(21</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Mortality rates<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Impact of a 10% decrease</P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;119</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;16</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>If the actuarial estimates of mortality are adjusted in the future to reflect unexpected decreases in mortality, the effect of a 10% decrease in mortality rates at
each future age would be an increase in life expectancy at age 65 of 0.9 years for U.S. males and females and 0.8 years for Canadian males and females. </TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(k) Maturity profile </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The weighted average
duration (in years) of the defined benefit obligations is as follows. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" ALIGN="center">


<TR>
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center">Pension plans</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center">Retiree welfare plans</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right"><B>2017</B></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">2016</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right"><B>2017</B></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">2016</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">U.S. plans</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>9.5</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>9.8</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Canadian plans</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>12.8</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> &nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right"> 12.7<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> &nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>14.2</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> &nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right"> 14.2<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> &nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(l) Cash flows &#150; contributions </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Total cash payments for all employee future benefits, comprised of cash contributed by the Company to funded defined benefit pension and retiree welfare plans, cash
payments directly to beneficiaries in respect of unfunded pension and retiree welfare plans, and cash contributed to defined contribution pension plans, were as follows. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center">Pension plans</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center">Retiree welfare plans</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right"><B>2017</B></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">2016</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right"><B>2017</B></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">2016</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Defined benefit plans</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>85</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">106</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>12</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Defined contribution plans</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>75</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">69</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;160</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> $<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right"> &nbsp;&nbsp;175<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> &nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;12</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> $<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#150;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> &nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company&#146;s best estimate of expected cash payments for employee future benefits for the year ending December&nbsp;31, 2018 is $101
for defined benefit pension plans, $77 for defined contribution pension plans and $9 for retiree welfare plans. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B><A NAME="fin476443_17"></A>Note 17&nbsp;&nbsp;&nbsp;&nbsp; Interests in Structured Entities </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company is involved with both consolidated and unconsolidated structured entities (&#147;SEs&#148;) which are established to generate investment returns and/or fee
income. The Company is also involved with SEs that are used to facilitate financing for the Company. These entities may have some or all of the following features: control is not readily identified based on voting rights; restricted activities
designed to achieve a narrow objective; high amount of leverage; and/or highly structured capital. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company only discloses its involvement in significant
consolidated and unconsolidated SEs. In assessing the significance, the Company considers the nature of its involvement with the SE, including whether it is sponsored by the Company (i.e. initially organized and managed by the Company). Other
factors considered include the Company&#146;s investment in the SE as compared to total investments, its returns from the SE as compared to total net investment income, the SE&#146;s size as compared to total funds under management, and its exposure
to any other risks from its involvement with the SE. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company does not provide financial or other support to its SEs, when it does not have a contractual
obligation to do so. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>167</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

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<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(a) Consolidated SEs </B></FONT></P>
<P STYLE="margin-top:3pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Investment SEs </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company acts as an investment
manager of timberlands and timber companies. The Company&#146;s general fund and segregated funds invest in many of these companies. The Company has control over one timberland company which it manages, Hancock Victoria Plantations Holdings PTY
Limited (&#147;HVPH&#148;). HVPH is a SE primarily because the Company&#146;s employees exercise voting rights over it on behalf of other investors. As at December&nbsp;31, 2017, the Company&#146;s consolidated timber assets relating to HVPH were
$884 (2016&nbsp;&#150;&nbsp;$920). The Company does not provide guarantees to other parties against the risk of loss from HVPH. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Financing
SEs </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company securitizes certain insured and variable rate commercial and residential mortgages and HELOC. This activity is facilitated by consolidated
entities that are SEs because their operations are limited to issuing and servicing the Company&#146;s capital. Further information regarding the Company&#146;s mortgage securitization program is included in note 4. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(b) Unconsolidated SEs </B></FONT></P>
<P STYLE="margin-top:3pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Investment SEs </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table presents the
Company&#146;s investment and maximum exposure to loss from significant unconsolidated investment SEs, some of which are sponsored by the Company. The Company does not provide guarantees to other parties against the risk of loss from these SEs. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Company&#146;s
investment<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Company&#146;s maximum</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">exposure to loss<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right"><B>2017</B></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">2016</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right"><B>2017</B></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">2016</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Leveraged leases<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;3,273</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;3,369</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;3,273</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;3,369</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Timberland companies<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>736</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">736</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>786</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">749</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Real estate
companies<SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>361</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> &nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right"> 327<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> &nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>361</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> &nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right"> 327<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> &nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>4,370</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> $<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right"> 4,432<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> &nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>4,420</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> $<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right"> 4,445<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> &nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>The Company&#146;s investments in these unconsolidated SEs are included in invested assets and the Company&#146;s returns from them are included in net investment
income and AOCI. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>The Company&#146;s maximum exposure to loss from each SE is limited to amounts invested in each, plus unfunded capital commitments, if any. The Company&#146;s
investment commitments are disclosed in note 18. The maximum loss is expected to occur only upon the entity&#146;s bankruptcy/liquidation, or as a result of a natural disaster in the case of the timber companies. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>These entities are statutory business trusts which use capital provided by the Company and senior debt provided by other parties to finance the acquisition of assets.
These assets are leased to third-party lessees under long-term leases. The Company owns equity capital in these business trusts. The Company does not consolidate any of the trusts that are party to the lease arrangements because the Company does not
have decision-making power over them. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>These entities own and operate timberlands. The Company invests in their equity and debt. The Company&#146;s returns include investment income, investment advisory
fees, forestry management fees and performance advisory fees. The Company does not control these entities because it either does not have the power to govern their financial and operating policies or does not have significant variable returns from
them, or both. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>These entities, which include the Manulife U.S. REIT, own and manage commercial real estate. The Company invests in their equity. The Company&#146;s returns include
investment income, investment management fees, property management fees, acquisition/disposition fees, and leasing fees. The Company does not control these entities because it either does not have the power to govern their financial and operating
policies or does not have significant variable returns from them, or both. </TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Financing SEs </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table presents the Company&#146;s interests and maximum exposure to loss from significant unconsolidated financing SEs. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center">Company&#146;s
interests<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right"><B>2017</B></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">2016</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Finance (Delaware), L.P.<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>835</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">876</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Financial Capital Trust II<SUP
STYLE="font-size:85%; vertical-align:top">(3)</SUP></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,000</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> &nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right"> 1,000<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> &nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;1,835</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> $<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right"> &nbsp;&nbsp;1,876<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> &nbsp;<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>The Company&#146;s interests include amounts borrowed from the SEs and the Company&#146;s investment in their subordinated capital, and foreign currency and interest
swaps with them, if any. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>This entity is a wholly-owned partnership used to facilitate the Company&#146;s financing. Refer to notes 12 and 18. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>This entity is an open-ended trust that is used to facilitate the Company&#146;s financing. Refer to note 12. </TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(i) Other invested assets </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company has
investment relationships with a variety of other entities, which result from its direct investment in their debt and/or equity and which have been assessed for control. These other entities&#146; investments include, but are not limited to
investments in power and infrastructure, oil and gas, private equity, real estate and agriculture, organized as limited partnerships and limited liability companies. Most of these other entities are not sponsored by the Company. The Company&#146;s
involvement with these other entities is not individually significant. As such, the Company neither provides summary financial data for these entities nor individually assesses whether they are SEs. The Company&#146;s maximum exposure to losses
because of its involvement with these other entities is limited to its investment in them and amounts committed to be invested but not yet funded. The Company records its income from these entities in net investment income and AOCI. The Company does
not provide guarantees to other parties against the risk of loss from these other entities. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>168</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(ii) Interest in securitized assets </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company invests in mortgage/asset-backed securities issued by securitization vehicles sponsored by other parties, including private issuers and government sponsored
issuers, to generate investment income. The Company does not own a controlling financial interest in any of the issuers. These securitization vehicles are SEs based on their narrow scope of activities and highly leveraged capital structures.
Investments in mortgage/asset-backed securities are reported on the Consolidated Statements of Financial Position as debt securities and private placements, and their fair value and carrying value are disclosed in note 4. The Company&#146;s maximum
loss from these investments is limited to amounts invested. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Commercial mortgage-backed securities (&#147;CMBS&#148;) are secured by commercial mortgages and
residential mortgage-backed securities (&#147;RMBS&#148;) are secured by residential mortgages. Asset-backed securities (&#147;ABS&#148;) may be secured by various underlying assets including credit card receivables, automobile loans and aviation
leases. The mortgage/asset-backed securities that the Company invests in primarily originate in North America. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table presents investments in
securitized holdings by the type and asset quality. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="60%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="16" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">CMBS</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">RMBS</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">ABS</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">AAA</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,390</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>45</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,068</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,503</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,269</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">AA</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>401</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>401</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">393</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">A</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>16</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>488</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>504</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">592</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">BBB</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>142</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>142</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">221</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">BB and below</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>12</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>14</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>26</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total company exposure</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;1,418</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;45</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;2,113</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;3,576</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;3,513</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(iii) Mutual funds </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company sponsors and may invest in a range of public mutual funds with a broad range of investment styles. As sponsor, the Company organizes mutual funds that
implement investment strategies on behalf of current and future investors. The Company earns fees which are at market rates for providing advisory and administrative services to these mutual funds. Generally, the Company does not control its
sponsored mutual funds because either the Company does not have power to govern their financial and operating policies, or its returns in the form of fees and ownership interests are not significant, or both. Certain mutual funds are SEs because
their decision-making rights are not vested in voting equity interests and their investors are provided with redemption rights. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company&#146;s relationships with
these mutual funds are not individually significant. As such, the Company neither provides summary financial data for these mutual funds nor individually assesses whether they are SEs. The Company&#146;s interest in mutual funds is limited to its
investment and fees earned, if any. The Company&#146;s investments in mutual funds are recorded as part of its investment in public equities within the Consolidated Statements of Financial Position. For information regarding the Company&#146;s
invested assets, refer to note 4. The Company does not provide guarantees to other parties against the risk of loss from these mutual funds. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">As sponsor, the
Company&#146;s investment in startup capital of mutual funds as at December&nbsp;31, 2017 was $1,918 (2016&nbsp;&#150;&nbsp;$1,903). The Company&#146;s retail mutual fund assets under management as at December&nbsp;31, 2017 were $195,472
(2016&nbsp;&#150;&nbsp;$169,919). </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B><A NAME="fin476443_18"></A>Note 18&nbsp;&nbsp;&nbsp;&nbsp; Commitments and Contingencies
</B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(a) Legal proceedings </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company
is regularly involved in legal actions, both as a defendant and as a plaintiff. The legal actions where the Company is a party ordinarily relate to its activities as a provider of insurance protection or wealth management products, reinsurance, or
its capacity as an investment adviser, employer, or taxpayer. Other life insurers and asset managers, operating in the jurisdictions in which the Company does business, have been subject to a wide variety of other types of actions, some of which
resulted in substantial judgments or settlements against the defendants; it is possible that the Company may become involved in similar actions in the future. In addition, government and regulatory bodies in Canada, the United States, Asia and other
jurisdictions where the Company conducts business regularly make inquiries and, from time to time, require the production of information or conduct examinations concerning the Company&#146;s compliance with, among other things, insurance laws,
securities laws, and laws governing the activities of broker-dealers. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">A class action against John Hancock Life Insurance Company (U.S.A.) (&#147;JHUSA&#148;) is
pending in the U.S. District Court for the Southern District of New York in which claims are made that JHUSA breached, and continues to breach, the contractual terms of certain universal life policies issued between approximately 1990 and 2006 by
including impermissible charges in its cost of insurance (&#147;COI&#148;) calculations. The Company believes that its COI calculations have been, and continue to be, in accordance with the terms of the policies and intends to vigorously defend this
action. Briefing on class certification is scheduled to be completed in late April. It is premature to attempt to predict any outcome or range of outcomes for this matter. A similar class action based on the same policy language in dispute in the
case pending in New York had been pending in California. The parties have agreed to settle all claims alleged in the California action and are preparing final documents for approval by the supervising court; the financial terms of the settlement are
not expected to be material to the Company. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(b) Investment commitments </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In the normal course of business, various investment commitments are outstanding which are not reflected in the Consolidated Financial Statements. There were $8,235
(2016&nbsp;&#150;&nbsp;$7,505) of outstanding investment commitments as at December&nbsp;31, 2017, of which $682 (2016&nbsp;&#150;&nbsp;$268) mature in 30 days, $2,177 (2016&nbsp;&#150;&nbsp;$2,665) mature in 31 to 365 days and $5,376
(2016&nbsp;&#150;&nbsp;$4,572) mature after one year. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>169</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(c) Letters of credit </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In the normal course of business, third-party relationship banks issue letters of credit on the Company&#146;s behalf. The Company&#146;s businesses utilize letters of
credit for which third parties are the beneficiaries, as well as for affiliate reinsurance transactions between its subsidiaries. As at December&nbsp;31, 2017, letters of credit for which third parties are beneficiary, in the amount of $77
(2016&nbsp;&#150;&nbsp;$83), were outstanding. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(d) Guarantees </B></FONT></P>
<P STYLE="margin-top:3pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(i) Guarantees regarding Manulife Finance (Delaware), L.P. (&#147;MFLP&#148;) </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">MFC has guaranteed the payment of amounts on the $650 subordinated debentures due on December&nbsp;15, 2041 issued by MFLP, a wholly-owned unconsolidated partnership.
</P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(ii) Guarantees regarding The Manufacturers Life Insurance Company </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">On January&nbsp;29, 2007, MFC provided a subordinated guarantee, as amended and restated on January&nbsp;13, 2017, of Class&nbsp;A Shares and Class&nbsp;B Shares of MLI
and any other class of preferred shares that rank in parity with Class&nbsp;A Shares or Class&nbsp;B Shares of MLI. For the following subordinated debentures issued by MLI, MFC has provided a subordinated guarantee on the day of issuance: $200
issued on February&nbsp;25, 2013; $250 issued on November&nbsp;29, 2013; $500 issued on February&nbsp;21, 2014; $500 issued on December&nbsp;1, 2014; $750 issued on March&nbsp;10, 2015; $350 issued on June&nbsp;1, 2015; and $1,000 issued on
November&nbsp;20, 2015. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table sets forth certain condensed consolidated financial information for MFC and MFLP. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Condensed Consolidated Statements of Income Information </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="36%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the year ended December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">MFC<BR>(Guarantor)</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">MLI<BR>consolidated<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Other<BR>subsidiaries of<BR>MFC on a<BR>combined&nbsp;basis</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Consolidating<BR>adjustments</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Total<BR>consolidated<BR>amounts</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">MFLP</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total revenue</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>182</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;58,445</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;270</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(574)</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;58,323</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;29</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net income (loss) attributed to shareholders</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;2,104</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,467</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(257</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;(2,210)</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,104</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>6</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the year ended December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">MFC<BR>(Guarantor)</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">MLI<BR>consolidated<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Other<BR>subsidiaries of<BR>MFC on a<BR>combined&nbsp;basis</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Consolidating<BR>adjustments</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Total<BR>consolidated<BR>amounts</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">MFLP</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total revenue</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">518</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">53,219</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">377</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(777</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">53,337</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">44</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net income (loss) attributed to shareholders</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,929</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,916</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(359</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(2,557</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,929</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">During 2017, MLI acquired John Hancock Reassurance Company Ltd. (&#147;JHRECO&#148;) from MFC. MLI has restated its historical IFRS financial statements to reflect the combined accounts of MLI and JHRECO on a
retroactive basis. </TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Condensed Consolidated Statements of Financial Position </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="41%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">MFC<BR>(Guarantor)</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">MLI<BR>consolidated<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Other<BR>subsidiaries of<BR>MFC on a<BR>combined&nbsp;basis</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Consolidating<BR>adjustments</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Total<BR>consolidated<BR>amounts</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">MFLP</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Invested assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>21</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>334,191</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;10</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;334,222</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total other assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;48,688</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>71,180</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(48,868</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>71,004</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,033</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Segregated funds net assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;324,307</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>324,307</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Insurance contract liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>304,605</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>304,605</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment contract liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,126</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,126</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Segregated funds net liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>324,307</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>324,307</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total other liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>7,696</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>48,145</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(509</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>55,332</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>831</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD>
<TD HEIGHT="13" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">MFC<BR>(Guarantor)</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">MLI<BR>consolidated<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Other<BR>subsidiaries of<BR>MFC on a<BR>combined&nbsp;basis</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Consolidating<BR>adjustments</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Total<BR>consolidated<BR>amounts</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">MFLP</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Invested assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">161</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">321,698</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;321,869</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total other assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;48,073</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">83,607</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(48,049</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">83,635</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;1,085</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Segregated funds net assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;315,177</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">315,177</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Insurance contract liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">297,505</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">297,505</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment contract liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,275</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,275</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Segregated funds net liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">315,177</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">315,177</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total other liabilities</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">6,402</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">55,808</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(309</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">61,901</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">882</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)&nbsp;</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP> During 2017, MLI acquired John Hancock Reassurance Company Ltd. (&#147;JHRECO&#148;) from MFC. MLI has restated its historical IFRS financial statements to reflect
the combined accounts of MLI and JHRECO on a retroactive basis. </TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(iii) Guarantees regarding John Hancock Life Insurance
Company (U.S.A.) (&#147;JHUSA&#148;) </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Details of guarantees regarding certain securities issued or to be issued by JHUSA are outlined in note 23. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>170</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(e) Pledged assets </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">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&#146;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. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The amounts pledged were as follows. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="60%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
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<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="8" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="8"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Debt securities</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Other</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Debt securities</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Other</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">In respect of:</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Derivatives</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;3,189</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>44</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,678</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">99</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Regulatory requirements</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>398</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>86</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">409</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">78</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Real estate</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Repurchase agreements</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>228</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">255</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"><FONT STYLE="white-space:nowrap">Non-registered</FONT> retirement plans in trust</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>412</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">464</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>271</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">174</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,818</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;815</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;5,345</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;837</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(f) Lease obligations </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company has a number of operating lease obligations, primarily for the use of office space. The aggregate future minimum lease payments under <FONT
STYLE="white-space:nowrap">non-cancelable</FONT> operating leases are $838 (2016&nbsp;&#150;&nbsp;$966). Payments by year are included in the &#147;Risk Management&#148; section of the Company&#146;s 2017 MD&amp;A under Liquidity Risk. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(g) Participating business </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">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 &#147;closed blocks&#148;, transfers are governed by the terms of MLI&#146;s and John Hancock Mutual Life Insurance Company&#146;s plans of demutualization. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(h) Fixed surplus notes </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">A third party
contractually provides standby financing arrangements for the Company&#146;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&nbsp;31, 2017, the Company
had no fixed surplus notes outstanding. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B><A NAME="fin476443_19"></A>Note 19&nbsp;&nbsp;&nbsp;&nbsp; Segmented Information </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company&#146;s reporting segments are Asia, Canadian, U.S. and Corporate and Other Divisions. Each division manages profit and loss, develops products and services,
defines distribution strategies based on the profile and needs of its business and market in which it operates. The significant product and service offerings of each division are as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Protection (Asia, Canadian and U.S. Divisions).</B>&nbsp;Includes a variety of individual life insurance and individual and group long-term care insurance. Products
are distributed through multiple distribution channels, including insurance agents, brokers, banks, financial planners and direct marketing. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Wealth and Asset
Management (Asia, Canadian and U.S. Divisions).</B>&nbsp;Offers pension contracts and mutual fund products and services. These businesses also offer a variety of retirement products to group benefit plans. These businesses distribute products
through multiple distribution channels, including insurance agents and brokers affiliated with the Company, securities brokerage firms, financial planners, pension plan sponsors, pension plan consultants and banks. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Other Wealth (Asia, Canadian and U.S. Divisions).</B> Includes annuities, single premium and banking products. Manulife Bank of Canada offers a variety of deposit and
credit products to Canadian customers. Annuity contracts provide <FONT STYLE="white-space:nowrap">non-guaranteed,</FONT> partially guaranteed and fully guaranteed investment options through general and separate account products. These businesses
distribute products through multiple distribution channels, including insurance agents and brokers affiliated with the Company, financial planners and banks. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B>Corporate and Other Segment.</B>&nbsp;Comprised of investment performance on assets backing capital, net of amounts allocated to operating divisions and financing
costs; Property and Casualty (&#147;P&amp;C&#148;) Reinsurance Business; as well as <FONT STYLE="white-space:nowrap">run-off</FONT> reinsurance operations including variable annuities and accident and health. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Certain allocation methodologies are employed in the preparation of segmented financial information. Indirect expenses are allocated to business segments using allocation
formulas applied on a consistent basis, while capital is apportioned to the Company&#146;s business segments using a risk based methodology. The impact of changes in actuarial methods and assumptions (refer to note 8) reported in the Consolidated
Statements of Income, is included in the Corporate and Other segment. </P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>171</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

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</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Effective January&nbsp;1, 2017, the operations of Manulife Asset Management are being reflected in the respective
Divisional results. These operations were reported in the Corporate and Other division for 2016. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>By segment </B></FONT></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
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<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
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<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
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<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
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<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at and for the year ended</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>December&nbsp;31, 2017</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Asia Division</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Canadian<BR>Division</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">U.S. Division</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Corporate<BR>and&nbsp;Other</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Revenue</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Premium income</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Life and health insurance</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>13,145</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,322</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6,778</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>110</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>24,355</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Annuities and pensions</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,568</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>443</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>844</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,855</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net premium income</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>15,713</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,765</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7,622</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>110</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>28,210</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net investment income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,080</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,573</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>10,649</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>65</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>19,367</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other revenue</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,739</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,517</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>6,166</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(676</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>10,746</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total revenue</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>21,532</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>12,855</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>24,437</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(501</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>58,323</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Contract benefits and expenses</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Life and health insurance</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>11,961</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5,644</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>16,464</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>461</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>34,530</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Annuities and pensions</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,051</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,813</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>907</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>4,771</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net benefits and claims</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>14,012</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7,457</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>17,371</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>461</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>39,301</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest expense</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>164</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>307</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>37</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>631</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,139</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other expenses</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>4,937</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>4,435</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>6,050</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(40</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>15,382</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total contract benefits and expenses</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>19,113</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>12,199</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>23,458</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,052</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>55,822</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Income (loss) before income taxes</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,419</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>656</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>979</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,553</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,501</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income tax recovery (expense)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(403</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>95</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1,275</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,344</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(239</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net income (loss)</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,016</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>751</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(296</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(209</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,262</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Less net income (loss) attributed to:</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"><FONT STYLE="white-space:nowrap">Non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>197</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(3</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>194</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Participating policyholders</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(30</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(6</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(36</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net income (loss) attributed to shareholders</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,849</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>757</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(296</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(206</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,104</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;105,233</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;220,755</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;383,528</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;20,017</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;729,533</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at and for the year ended</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>December&nbsp;31, 2016</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Asia Division</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Canadian<BR>Division</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">U.S. Division</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Corporate<BR>and&nbsp;Other</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Revenue</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Premium income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Life and health insurance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;12,111</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,366</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">6,703</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">88</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">23,268</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Annuities and pensions</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">3,474</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">606</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">284</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">4,364</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net premium income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,585</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,972</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,987</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">88</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,632</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net investment income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,143</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,255</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,980</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">146</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,524</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other revenue</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,566</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">3,480</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">5,591</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">544</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">11,181</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total revenue</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">19,294</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">12,707</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">20,558</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">778</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">53,337</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Contract benefits and expenses</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Life and health insurance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,435</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,207</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,829</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">806</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,277</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Annuities and pensions</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,913</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,179</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,765</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">6,857</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net benefits and claims</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,348</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,386</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,594</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">806</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,134</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest expense</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">146</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">305</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">517</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,013</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other expenses</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">4,241</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">4,279</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">5,619</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">722</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">14,861</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total contract benefits and expenses</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">17,735</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">10,970</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">19,258</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,045</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">50,008</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Income (loss) before income taxes</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,559</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,737</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,267</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,329</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income tax recovery (expense)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(243</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(250</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(166</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">463</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(196</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net income (loss)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,316</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,487</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,134</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(804</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,133</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Less net income (loss) attributed to:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"><FONT STYLE="white-space:nowrap">Non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">115</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">143</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Participating policyholders</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">60</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">61</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net income (loss) attributed to shareholders</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1,141</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1,486</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1,134</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(832</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">2,929</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total assets</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">92,843</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;214,820</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;386,619</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;26,399</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;720,681</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The results of the Company&#146;s business segments differ from geographic segment primarily due to the allocation of Company&#146;s
Corporate and Other division into the geographic segments to which its businesses relate. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>172</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>By geographic location </B></FONT></P>
<P STYLE="font-size:14pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at and for the year ended</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>December&nbsp;31, 2017</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Asia</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Canada</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">U.S.</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Other</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Revenue</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Premium income</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Life and health insurance</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>13,215</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,894</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6,780</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>466</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>24,355</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Annuities and pensions</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,568</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>443</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>844</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,855</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net premium income</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>15,783</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,337</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7,624</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>466</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>28,210</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net investment income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,258</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,642</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>10,407</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>60</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>19,367</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other revenue</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,632</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,187</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>5,911</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>16</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>10,746</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total revenue</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>21,673</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>12,166</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>23,942</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>542</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>58,323</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at and for the year ended</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>December&nbsp;31, 2016</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Asia</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Canada</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">U.S.</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Other</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Revenue</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Premium income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Life and health insurance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">12,184</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,909</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">6,705</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">470</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">23,268</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Annuities and pensions</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">3,474</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">606</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">284</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">4,364</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net premium income</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,658</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,515</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,989</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">470</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,632</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net investment income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,368</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,096</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,880</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">180</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,524</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other revenue</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,608</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">3,443</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">6,105</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">11,181</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total revenue</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;19,634</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;12,054</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;20,974</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;675</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;53,337</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B><A NAME="fin476443_20"></A>Note 20&nbsp;&nbsp;&nbsp;&nbsp;Related Parties </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Related party transactions were made in the normal course of business and at the terms that would exist in <FONT STYLE="white-space:nowrap">arm&#146;s-length</FONT>
transactions. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(a) Transactions with certain related parties </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Transactions with MFLP, a wholly owned unconsolidated partnership, and MFCT, a wholly owned unconsolidated trust, are described in notes 11, 12 and 18. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(b) Compensation of key management personnel </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The
Company&#146;s key management personnel are those personnel who have the authority and responsibility for planning, directing and controlling the activities of the Company. Directors (both executive and
<FONT STYLE="white-space:nowrap">non-executive)</FONT> and senior management are considered key personnel. Accordingly, the summary of compensation of key management personnel is as follows. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Short-term employee benefits</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>44</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Post-employment benefits</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Share-based payments</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>43</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Termination benefits</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other long-term benefits</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;98</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;87</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B><A NAME="fin476443_21"></A>Note 21&nbsp;&nbsp;&nbsp;&nbsp;Subsidiaries </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following is a list of Manulife&#146;s directly and indirectly held major operating subsidiaries. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="14%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="34%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(100% owned unless otherwise noted in brackets beside company name)</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><B>Address</B></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><B>Description</B></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>The Manufacturers Life Insurance Company</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Toronto, Canada</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Leading Canadian-based financial services company that offers a diverse range of financial protection products
and wealth management services</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Holdings (Alberta) Limited</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Calgary, Canada</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Holding company</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">John Hancock Financial Corporation</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Wilmington, Delaware, U.S.A.</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c">Holding company</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">The Manufacturers Investment Corporation</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Michigan, U.S.A.</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Holding company</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">John Hancock Reassurance Company Ltd. U.S.A.</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Michigan, U.S.A.</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Captive insurance subsidiary that provides life, annuity and long-term care reinsurance to affiliates</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">John Hancock Life Insurance Company (U.S.A.)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Michigan, U.S.A.</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">U.S. life insurance company licensed in all states, except New York</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>173</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(100% owned unless otherwise noted in brackets beside company name)</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><B>Address</B></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><B>Description</B></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:8.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">John Hancock Subsidiaries LLC</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Wilmington, Delaware, U.S.A.</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c">Holding company</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">John Hancock Financial Network, Inc.</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Boston, Massachusetts,&nbsp;U.S.A.</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c">Financial services distribution organization</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">John Hancock Advisers, LLC</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Boston, Massachusetts,&nbsp;U.S.A.</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c">Investment advisor</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:11.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">John Hancock Funds, LLC</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Boston, Massachusetts,&nbsp;U.S.A.</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c">Broker-dealer</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Asset Management (US) LLC</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Wilmington, Delaware, U.S.A.</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c">Asset management company</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:9.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Hancock Natural Resource Group, Inc.</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Boston, Massachusetts,&nbsp;U.S.A.</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Manager of globally diversified timberland and agricultural portfolios</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">John Hancock Life Insurance Company of New York</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">New York, U.S.A.</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">U.S. life insurance company licensed in New York</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:8.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">John Hancock Investment Management Services, LLC</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Boston, Massachusetts,&nbsp;U.S.A.</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c">Investment advisor</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:8.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">John Hancock Life&nbsp;&amp; Health Insurance Company</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Boston, Massachusetts,&nbsp;U.S.A.</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c">U.S. life insurance company licensed in all states</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:8.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">John Hancock Distributors LLC</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Wilmington, Delaware, U.S.A.</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c">Broker-dealer</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">John Hancock Insurance Agency, Inc.</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Wilmington, Delaware, U.S.A.</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c">Insurance agency</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Reinsurance Limited</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Hamilton,&nbsp;Bermuda</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Provides life and financial reinsurance to affiliates</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Reinsurance (Bermuda) Limited</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Hamilton,&nbsp;Bermuda</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Provides life and annuity reinsurance to affiliates</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Bank of Canada</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Waterloo,&nbsp;Canada</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Provides integrated banking products and service options not available from an insurance company</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Asset Management Holdings (Canada) Inc.</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Toronto, Canada</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Holding company</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Asset Management Limited</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Toronto, Canada</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Provides investment counseling, portfolio and mutual fund management in Canada</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">First North American Insurance Company</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Toronto, Canada</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Property and casualty insurance company</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">NAL Resources Management Limited</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Calgary, Canada</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Management company for oil and gas properties</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Resources Limited</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Calgary, Canada</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Holds oil and gas properties</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Property Limited Partnership</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Toronto, Canada</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Holds oil and gas royalties</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Property Limited Partnership II</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Toronto, Canada</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Holds oil and gas royalties and foreign bonds and equities</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Western Holdings Limited Partnership</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Calgary, Canada</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Holds oil and gas properties</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Securities Investment Services Inc.</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Oakville, Canada</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Mutual fund dealer for Canadian operations</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Holdings (Bermuda) Limited</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Hamilton,&nbsp;Bermuda</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Holding company</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manufacturers P&nbsp;&amp; C Limited</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">St.&nbsp;Michael,&nbsp;Barbados</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Provides property and casualty reinsurance</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Financial Asia Limited</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Hong&nbsp;Kong,&nbsp;China</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Holding company</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife (Cambodia) PLC</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Phnom Penh, Cambodia</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c">Life insurance company</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manufacturers Life Reinsurance Limited</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">St.&nbsp;Michael,&nbsp;Barbados</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Provides life and annuity reinsurance to affiliates</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife (Vietnam) Limited</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Ho Chi Minh City, Vietnam</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c">Life insurance company</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:6.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Asset Management (Vietnam) Company Limited</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Ho Chi Minh City, Vietnam</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c">Fund management company</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife International Holdings Limited</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Hong&nbsp;Kong,&nbsp;China</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Holding company</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:6.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife (International) Limited</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Hong&nbsp;Kong,&nbsp;China</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Life insurance company</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife-Sinochem Life Insurance Co. Ltd. (51%)</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Shanghai, China</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Life insurance company</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:6.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Asset Management International Holdings Limited</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Hong&nbsp;Kong,&nbsp;China</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Holding company</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:7.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Asset Management (Hong Kong) Limited</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Hong&nbsp;Kong,&nbsp;China</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Investment management and advisory company marketing mutual funds</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:9.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Asset Management (Taiwan) Co., Ltd.</P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Taipei, Taiwan</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Asset management company</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Life Insurance Company</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Tokyo, Japan</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Life insurance company</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:6.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Asset Management (Japan) Limited</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Tokyo, Japan</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Investment management and advisory company and mutual fund business</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Insurance (Thailand) Public Company Limited (92.1%)<SUP
STYLE="font-size:85%; vertical-align:top">(1)</SUP></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Bangkok,&nbsp;Thailand</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Life insurance company</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>174</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(100% owned unless otherwise noted in brackets beside company name)</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="center"><B>Address</B></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><B>Description</B></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:6.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Asset Management (Thailand) Company Limited (95.3%)<SUP
STYLE="font-size:85%; vertical-align:top">(1)</SUP></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Bangkok,&nbsp;Thailand</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Investment management company</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Holdings Berhad (59.5%)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Kuala Lumpur, Malaysia</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c">Holding company</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:6.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Insurance Berhad (59.5%)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Kuala Lumpur, Malaysia</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c">Life insurance company</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:6.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Asset Management Services Berhad (59.5%)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Kuala Lumpur, Malaysia</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c">Asset management company</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife (Singapore) Pte. Ltd.</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Singapore</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Life insurance company</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Asset Management (Singapore) Pte. Ltd.</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Singapore</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Asset management company</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:5.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">The Manufacturers Life Insurance Co. (Phils.), Inc.</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Makati City, Philippines</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c">Life insurance company</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:6.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Chinabank Life Assurance Corporation (60%)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Makati City, Philippines</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c">Life insurance company</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">PT Asuransi Jiwa Manulife Indonesia</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Jakarta,&nbsp;Indonesia</P>
<P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt" align="left">&nbsp;</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c">Life insurance company</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">PT Manulife Aset Manajemen Indonesia</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Jakarta,&nbsp;Indonesia</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Investment management company marketing mutual funds and discretionary funds</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Asset Management (Europe) Limited</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">London, England</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Investment management company for Manulife Financial&#146;s international funds</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Assurance Company of Canada</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Toronto, Canada</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Life insurance company</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">EIS Services (Bermuda) Limited</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Hamilton, Bermuda</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Investment holding company</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Berkshire Insurance Services Inc.</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Toronto, Canada</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Investment holding company</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">JH Investments (Delaware) LLC</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Boston, Massachusetts,&nbsp;U.S.A.</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c">Investment holding company</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Securities Incorporated</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Oakville, Canada</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Investment dealer</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Asset Management (North America) Limited</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Toronto, Canada</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Investment advisor</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Regional Power Inc.</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Mississauga,&nbsp;Canada</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">Developer and operator of hydro-electric power projects</P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD ALIGN="left" VALIGN="top"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>MFC voting rights percentages are the same as the ownership percentages except for Manulife Insurance (Thailand) Public Company Limited and Manulife Asset Management
(Thailand) Company Limited where MFC&#146;s voting rights are 98.1% and 98.9%, respectively. </TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B><A NAME="fin476443_22"></A>Note 22&nbsp;&nbsp;&nbsp;&nbsp;Segregated Funds </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company manages a number of segregated funds on behalf of policyholders. Policyholders are provided with the opportunity to invest in different categories of
segregated funds that respectively hold a range of underlying investments. The Company retains legal title to the underlying investments; however, returns from these investments belong to the policyholders. Accordingly, the Company does not bear the
risk associated with these assets outside of guarantees offered on certain variable life and annuity products. The &#147;Risk Management&#148; section of the Company&#146;s 2017 MD&amp;A provides information regarding the variable annuity and
segregated fund guarantees. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The composition of net assets by categories of segregated funds was within the following ranges for the years ended
December&nbsp;31,&nbsp;2017 and 2016. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="76%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Ranges in per cent</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT STYLE="font-size:8pt"><B>Type of fund</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Money market funds</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2%&nbsp;to&nbsp;3%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2% to 3%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Fixed income funds</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>14%&nbsp;to&nbsp;15%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14% to 15%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Balanced funds</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>22% to 29%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22%&nbsp;to&nbsp;24%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Equity funds</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>55% to 60%</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">59% to 61%</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Money market funds consist of investments that have a term to maturity of less than one year. Fixed income funds primarily consist of
investments in fixed grade income securities and may contain smaller investments in diversified equities or high-yield bonds. Relative to fixed income funds, balanced funds consist of fixed income securities and a larger equity investment component.
The types of equity funds available to policyholders range from low volatility equity funds to aggressive equity funds. Equity funds invest in a varying mix of Canadian, U.S. and global equities. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The underlying investments of the segregated funds consist of both individual securities and mutual funds (collectively &#147;net assets&#148;), some of which may be
structured entities. The carrying value and change in segregated funds net assets are as follows. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>175</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Segregated funds net assets </B></FONT></P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Investments at market value</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Cash and short-term securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,756</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,524</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Debt securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>15,472</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,651</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Equities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>12,624</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,458</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Mutual funds</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>288,007</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">278,966</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other investments</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,514</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,552</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Accrued investment income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>201</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">201</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other assets and liabilities, net</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(766</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(644</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total segregated funds net assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>324,808</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">315,708</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Composition of segregated funds net assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Held by policyholders</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>324,307</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">315,177</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Held by the Company</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>501</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">531</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total segregated funds net assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;324,808</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;315,708</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Fair value related information of segregated funds is disclosed in note 4(g). </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Changes in segregated funds net assets </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net policyholder cash flow</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Deposits from policyholders</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>34,776</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">33,130</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net transfers to general fund</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,734</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(878</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Payments to policyholders</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(45,970</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(39,731</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(12,928</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(7,479</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Investment related</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest and dividends</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>16,930</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,736</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net realized and unrealized investment gains</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>24,384</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">4,097</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>41,314</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">19,833</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Other</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Management and administration fees</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(4,496</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(4,386</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Impact of changes in foreign exchange rates</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(14,790</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(6,007</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(19,286</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(10,393</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net additions</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>9,100</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,961</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Segregated funds net assets, beginning of year</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>315,708</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">313,747</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Segregated funds net assets, end of year</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;324,808</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;315,708</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Segregated funds assets may be exposed to a variety of financial and other risks. These risks are primarily mitigated by investment
guidelines that are actively monitored by professional and experienced portfolio advisors. The Company is not exposed to these risks beyond the liabilities related to the guarantees associated with certain variable life and annuity products.
Accordingly, the Company&#146;s exposure to loss from segregated fund products is limited to the value of these guarantees. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">These guarantee liabilities are recorded
within the Company&#146;s insurance contract liabilities. Assets supporting these guarantees are recognized in invested assets according to their investment type. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B><A NAME="fin476443_23"></A>Note 23&nbsp;&nbsp;&nbsp;&nbsp; Information Provided in Connection with Investments in Deferred Annuity Contracts
and </B><B><I>Signature</I></B><B>Notes Issued or Assumed by John Hancock Life Insurance Company (U.S.A.) </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following condensed consolidated financial
information, presented in accordance with IFRS, and the related disclosure have been included in these Consolidated Financial Statements with respect to JHUSA in compliance with Regulation <FONT STYLE="white-space:nowrap">S-X</FONT> and Rule <FONT
STYLE="white-space:nowrap">12h-5</FONT> of the United States Securities and Exchange Commission (the &#147;Commission&#148;). These financial statements are incorporated by reference in the MFC and its subsidiaries registration statements that are
described below and which relate to MFC&#146;s guarantee of certain securities to be issued by its subsidiaries. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">JHUSA maintains a book of deferred annuity contracts
that feature a market value adjustment and are registered with the Commission. The deferred annuity contracts may contain variable investment options along with fixed investment period options, or may offer only fixed investment period options. The
fixed investment period options enable the participant to invest fixed amounts of money for fixed terms at fixed interest rates, subject to a market value adjustment if the participant desires to terminate a fixed investment period before its
maturity date. The annuity contract provides for the market value adjustment to keep the parties whole with respect to the fixed interest bargain for the entire fixed investment period. These fixed investment period options that contain a market
value adjustment feature are referred to as &#147;MVAs&#148;. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">JHUSA may also sell medium-term notes to retail investors under its <I>Signature</I>Notes program. </P>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>176</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

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</div>

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<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Effective December&nbsp;31, 2009, John Hancock Variable Life Insurance Company (the &#147;Variable Company&#148;) and
John Hancock Life Insurance Company (the &#147;Life Company&#148;) merged with and into JHUSA. In connection with the mergers, JHUSA assumed the Variable Company&#146;s rights and obligations with respect to the MVAs issued by the Variable Company
and the Life Company&#146;s rights and obligations with respect to the <I>Signature</I>Notes issued by the Life Company. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">MFC fully and unconditionally guaranteed the
payment of JHUSA&#146;s obligations under the MVAs and under the <I>Signature</I>Notes (including the MVAs and <I>Signature</I>Notes assumed by JHUSA in the merger), and such MVAs and the <I>Signature</I>Notes were registered with the Commission.
The <I>Signature</I>Notes and MVAs assumed or issued by JHUSA are collectively referred to in this note as the &#147;Guaranteed Securities&#148;. JHUSA is, and each of the Variable Company and the Life Company was, a wholly owned subsidiary of MFC.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">MFC&#146;s guarantees of the Guaranteed Securities are unsecured obligations of MFC, and are subordinated in right of payment to the prior payment in full of all
other obligations of MFC, except for other guarantees or obligations of MFC which by their terms are designated as ranking equally in right of payment with or subordinate to MFC&#146;s guarantees of the Guaranteed Securities. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The laws of the State of New York govern MFC&#146;s guarantees of the <I>Signature</I>Notes issued or assumed by JHUSA and the laws of the Commonwealth of Massachusetts
govern MFC&#146;s guarantees of the MVAs issued or assumed by JHUSA. MFC has consented to the jurisdiction of the courts of New York and Massachusetts. However, because a substantial portion of MFC&#146;s assets are located outside the United
States, the assets of MFC located in the United States may not be sufficient to satisfy a judgment given by a federal or state court in the United States to enforce the subordinate guarantees. In general, the federal laws of Canada and the laws of
the Province of Ontario, where MFC&#146;s principal executive offices are located, permit an action to be brought in Ontario to enforce such a judgment provided that such judgment is subsisting and unsatisfied for a fixed sum of money and not void
or voidable in the United States and a Canadian court will render a judgment against MFC in a certain dollar amount, expressed in Canadian dollars, subject to customary qualifications regarding fraud, violations of public policy, laws limiting the
enforcement of creditor&#146;s rights and applicable statutes of limitations on judgments. There is currently no public policy in effect in the Province of Ontario that would support avoiding the recognition and enforcement in Ontario of a judgment
of a New York or Massachusetts court on MFC&#146;s guarantees of the <I>Signature</I>Notes issued or assumed by JHUSA or a Massachusetts court on guarantees of the MVAs issued or assumed by JHUSA. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">MFC is a holding company. MFC&#146;s assets primarily consist of investments in its subsidiaries. MFC&#146;s cash flows primarily consist of dividends and interest
payments from its operating subsidiaries, offset by expenses and shareholder dividends and MFC stock repurchases. As a holding company, MFC&#146;s ability to meet its cash requirements, including, but not limited to, paying any amounts due under its
guarantees, substantially depends upon dividends from its operating subsidiaries. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">These subsidiaries are subject to certain regulatory restrictions under laws in
Canada, the United States and certain other countries, which may limit their ability to pay dividends or make contributions or loans to MFC. For example, some of MFC&#146;s subsidiaries are subject to restrictions prescribed by the ICA on their
ability to declare and pay dividends. The restrictions related to dividends imposed by the ICA are described in note 14. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In the United States, insurance laws in
Michigan, New York, and Massachusetts, the jurisdictions in which certain of MFC&#146;s U.S. insurance company subsidiaries are domiciled, impose general limitations on the payment of dividends and other upstream distributions or loans by these
insurance subsidiaries. These limitations are described in note 14. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In Asia, the insurance laws of the jurisdictions in which MFC operates either provide for
specific restrictions on the payment of dividends or other distributions or loans by subsidiaries or impose solvency or other financial tests, which could affect the ability of subsidiaries to pay dividends in certain circumstances. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">There can be no assurance that any current or future regulatory restrictions in Canada, the United States or Asia will not impair MFC&#146;s ability to meet its cash
requirements, including, but not limited to, paying any amounts due under its guarantee. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following condensed consolidated financial information, presented in
accordance with IFRS, reflects the effects of the mergers and is provided in compliance with Regulation <FONT STYLE="white-space:nowrap">S-X</FONT> and in accordance with Rule <FONT STYLE="white-space:nowrap">12h-5</FONT> of the Commission. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>177</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Condensed Consolidated Statement of Financial Position </B></FONT></P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="54%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">MFC<BR>(Guarantor)</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">JHUSA<BR>(Issuer)</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Other<BR>subsidiaries</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Consolidation<BR>adjustments</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Consolidated<BR>MFC</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Invested assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>21</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>108,144</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>226,421</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(364</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>334,222</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investments in unconsolidated subsidiaries</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>48,374</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6,509</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>14,999</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(69,882</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Reinsurance assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>49,927</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>8,281</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(27,849</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>30,359</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>314</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>18,678</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>40,715</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(19,062</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>40,645</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Segregated funds net assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>176,139</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>149,812</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1,644</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>324,307</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>48,709</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>359,397</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>440,228</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(118,801</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>729,533</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Liabilities and equity</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Insurance contract liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>147,155</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>185,884</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(28,434</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>304,605</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment contract liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,130</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,998</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(2</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,126</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>297</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>19,399</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>41,394</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(18,930</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>42,160</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Long-term debt</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,784</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,785</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Capital instruments</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,615</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>584</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5,188</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>8,387</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Segregated funds net liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>176,139</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>149,812</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,644</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>324,307</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Shareholders&#146; equity</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>41,013</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>14,990</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>54,801</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(69,791</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>41,013</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Participating policyholders&#146; equity</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>221</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>221</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT STYLE="white-space:nowrap">Non-controlling</FONT>
interests</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>929</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>929</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total liabilities and equity</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;48,709</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;359,397</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;440,228</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;(118,801</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;729,533</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top" COLSPAN="20"> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Condensed Consolidated Statement of
Financial Position</B></FONT></P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="top"> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt"></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>&nbsp;</B></FONT></P>
<P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt"></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">MFC<BR>(Guarantor)</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">JHUSA<BR>(Issuer)</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Other<BR>subsidiaries</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Consolidation<BR>adjustments</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Consolidated<BR>MFC</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Assets</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Invested assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">161</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">109,063</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">213,043</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(398</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">321,869</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investments in unconsolidated subsidiaries</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47,758</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,457</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,504</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(71,719</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Reinsurance assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51,537</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,069</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(26,654</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,952</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">315</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,718</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43,931</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(24,281</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48,683</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Segregated funds net assets</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">174,917</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">142,400</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(2,140</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">315,177</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total assets</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;48,234</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;370,692</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;426,947</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;(125,192</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;720,681</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Liabilities and equity</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Insurance contract liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">147,504</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">177,524</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(27,523</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">297,505</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment contract liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,251</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,027</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,275</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">252</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,892</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43,994</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(24,113</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49,025</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Long-term debt</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,689</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,696</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Capital instruments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">461</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">627</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,092</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,180</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Segregated funds net liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">174,917</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">142,400</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,140</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">315,177</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Shareholders&#146; equity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41,832</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,501</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53,912</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(71,413</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41,832</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Participating policyholders&#146; equity</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">248</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">248</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><FONT STYLE="white-space:nowrap">Non-controlling</FONT>
interests</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">743</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">743</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total liabilities and equity</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">48,234</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">370,692</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">426,947</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(125,192</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">720,681</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>178</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Condensed Consolidated Statement of Income </B></FONT></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="47%"></TD>
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<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
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<TD></TD>
<TD></TD>
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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the year ended December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">MFC<BR>(Guarantor)</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">JHUSA<BR>(Issuer)</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Other<BR>subsidiaries</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Consolidation<BR>adjustments</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Consolidated<BR>MFC</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Revenue</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net premium income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>11,084</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>17,130</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(4</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>28,210</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net investment income (loss)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>178</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7,986</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>11,947</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(744</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>19,367</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net other revenue</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,874</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>10,912</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(3,044</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>10,746</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total revenue</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>182</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>21,944</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>39,989</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(3,792</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>58,323</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Contract benefits and expenses</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net benefits and claims</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>20,803</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>19,179</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(681</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>39,301</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Commissions, investment and general expenses</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>11</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,208</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>13,900</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(2,097</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>15,022</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other expenses</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>404</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>194</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,915</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1,014</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,499</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total contract benefits and expenses</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>415</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;24,205</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;34,994</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(3,792</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>55,822</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Income (loss) before income taxes</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(233</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(2,261</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,995</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,501</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income tax (expense) recovery</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>62</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,134</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1,435</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(239</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Income (loss) after income taxes</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(171</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,127</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,560</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;2,262</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Equity in net income (loss) of unconsolidated subsidiaries</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,275</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>628</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(486</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(2,417</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net income (loss)</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;2,104</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(499</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,074</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;(2,417</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,262</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net income (loss) attributed to:</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"><FONT STYLE="white-space:nowrap">Non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>194</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>194</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Participating policyholders</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(10</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(36</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>10</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(36</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Shareholders</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,104</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(489</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,916</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(2,427</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,104</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,104</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(499</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,074</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(2,417</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;2,262</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Condensed Consolidated Statement of Income </B></FONT></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the year ended December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">MFC<BR>(Guarantor)</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">JHUSA<BR>(Issuer)</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Other<BR>subsidiaries</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Consolidation<BR>adjustments</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Consolidated<BR>MFC</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Revenue</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net premium income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,021</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,611</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,632</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net investment income (loss)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">475</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,191</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,092</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,234</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,524</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net other revenue</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">43</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,569</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">11,108</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(2,539</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">11,181</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total revenue</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">518</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">13,781</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">42,811</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(3,773</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">53,337</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Contract benefits and expenses</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net benefits and claims</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,340</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,748</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(954</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,134</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Commissions, investment and general expenses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,272</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,016</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,840</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,459</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other expenses</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">259</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">59</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,076</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(979</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,415</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total contract benefits and expenses</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">270</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;13,671</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;39,840</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;(3,773</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;50,008</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Income (loss) before income taxes</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">248</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">110</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,971</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,329</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income tax (expense) recovery</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">28</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">251</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(475</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(196</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Income (loss) after income taxes</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">276</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">361</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,496</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,133</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Equity in net income (loss) of unconsolidated subsidiaries</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,653</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">211</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">572</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(3,436</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net income (loss)</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;2,929</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">572</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">3,068</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(3,436</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">3,133</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net income (loss) attributed to:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"><FONT STYLE="white-space:nowrap">Non-controlling</FONT> interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">143</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">143</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Participating policyholders</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(48</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">61</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">61</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Shareholders</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,929</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">620</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,864</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(3,484</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,929</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">2,929</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">572</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">3,068</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(3,436</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;3,133</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>179</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Consolidated Statement of Cash Flows </B></FONT></P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="54%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the year ended December&nbsp;31, 2017</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">MFC</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">(Guarantor)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">JHUSA</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">(Issuer)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Other</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">subsidiaries</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Consolidation</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">adjustments</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Consolidated</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">MFC</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Operating activities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net income (loss)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;2,104</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(499</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,074</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;(2,417</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,262</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Adjustments:</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Equity in net income of unconsolidated subsidiaries</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(2,275</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(628</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>486</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,417</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Increase (decrease) in insurance contract liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>16,877</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,146</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>20,023</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Increase (decrease) in investment contract liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>55</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>118</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>173</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">(Increase) decrease in reinsurance assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;(1,890</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,159</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,269</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Amortization of (premium) discount on invested assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>24</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>206</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>230</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other amortization</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>123</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>433</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>560</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Net realized and unrealized (gains) losses and impairment on assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(7</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(2,609</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(4,572</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(7,188</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Deferred income tax expense (recovery)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(59</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(2,239</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,967</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(331</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Stock option expense</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(4</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>19</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>15</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash provided by (used in) operating activities before undernoted items</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(233</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>9,210</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>9,036</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>18,013</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Dividends from unconsolidated subsidiary</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,700</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>125</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,175</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(4,000</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Changes in policy related and operating receivables and
payables</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(45</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(4,627</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>4,450</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(222</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Cash provided by (used in) operating activities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,422</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>4,708</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>14,661</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(4,000</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>17,791</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Investing activities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Purchases and mortgage advances</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(30,645</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(56,579</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;(87,224</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Disposals and repayments</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>26,952</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>43,768</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>70,720</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Changes in investment broker net receivables and payables</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>182</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>45</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>227</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment in common shares of subsidiaries</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(2,473</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,473</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net cash decrease from sale and purchase of subsidiaries and businesses</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(10</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(10</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Capital contribution to unconsolidated subsidiaries</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(63</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>63</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Return of capital from unconsolidated subsidiaries</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>11</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(11</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Notes receivable from affiliates</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>201</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(201</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Notes receivable from parent</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>368</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>24</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(392</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Notes receivable from subsidiaries</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(16</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(10</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>26</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Cash provided by (used in) investing activities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(2,489</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(3,205</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(12,551</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,958</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(16,287</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Financing activities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Increase (decrease) in repurchase agreements and securities sold but not yet purchased</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(29</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(29</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Redemption of long-term debt</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(600</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(7</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(607</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Issue of capital instruments, net</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,209</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,209</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Redemption of capital instruments</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(899</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(899</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Secured borrowings from securitization transactions</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>741</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>741</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Changes in deposits from Bank clients, net</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>261</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>261</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Shareholders&#146; dividends paid in cash</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,780</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,780</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Dividends paid to parent</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,175</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(2,825</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,000</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Contributions from (distributions to) <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests,
net</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(6</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(6</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Common shares issued, net</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>124</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,473</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(2,473</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>124</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Capital contributions by parent</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>63</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(63</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Return of capital to parent</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(11</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>11</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Notes payable to affiliates</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(201</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>201</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Notes payable to parent</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>26</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(26</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Notes payable to subsidiaries</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(24</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(368</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>392</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Cash provided by (used in) financing activities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(71</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1,376</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(581</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,042</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>14</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Cash and short-term securities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Increase (decrease) during the year</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(138</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>127</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,529</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,518</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Effect of foreign exchange rate changes on cash and short-term&nbsp;securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(2</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(276</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(380</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(658</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Balance, beginning of year</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>161</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,787</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>10,290</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>14,238</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Balance, end of year</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>21</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,638</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>11,439</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>15,098</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Cash and short-term securities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Beginning of year</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Gross cash and short-term securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>161</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,317</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>10,673</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>15,151</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net payments in transit, included in other liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(530</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(383</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(913</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net cash and short-term securities, beginning of
year</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>161</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,787</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>10,290</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>14,238</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>End of year</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Gross cash and short-term securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>21</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,133</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>11,811</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>15,965</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net payments in transit, included in other liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(495</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(372</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(867</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net cash and short-term securities, end of year</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>21</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,638</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>11,439</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>15,098</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Supplemental disclosures on cash flow information:</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest received</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>273</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,391</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6,504</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(572</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>10,596</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest paid</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>392</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>96</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,202</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(572</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,118</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income taxes paid</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>99</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,084</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>177</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,360</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>180</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Consolidated Statement of Cash Flows </B></FONT></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="56%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>For the year ended December&nbsp;31, 2016</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">MFC</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">(Guarantor)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">JHUSA</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">(Issuer)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Other</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">subsidiaries</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Consolidation</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">adjustments</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Consolidated</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">MFC</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Operating activities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net income (loss)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,929</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">572</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,068</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(3,436</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,133</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Adjustments:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Equity in net income of unconsolidated subsidiaries</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,653</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(211</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(572</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,436</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Increase (decrease) in insurance contract liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,225</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,789</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,014</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Increase (decrease) in investment contract liabilities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">58</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(58</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">(Increase) decrease in reinsurance assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,444</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">602</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(842</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Amortization of (premium) discount on invested assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">83</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">78</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other amortization</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">284</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">407</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">693</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Net realized and unrealized (gains) losses and impairment on assets</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(9</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(917</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,878</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,804</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Deferred income tax expense (recovery)</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">391</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(629</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(235</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Stock option expense</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash provided by (used in) operating activities before undernoted items</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">272</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,952</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,832</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,056</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Dividends from unconsolidated subsidiary</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,950</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">111</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,061</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Changes in policy related and operating receivables and
payables</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">171</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(1,291</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">81</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(1,039</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Cash provided by (used in) operating activities</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">2,393</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">2,772</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">13,913</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(2,061</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">17,017</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Investing activities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Purchases and mortgage advances</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(32</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(34,656</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(69,371</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(104,059</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Disposals and repayments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32,343</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49,658</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">82,001</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Changes in investment broker net receivables and payables</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(35</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(151</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(186</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment in common shares of subsidiaries</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,706</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,706</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net cash decrease from sale and purchase of subsidiaries and businesses</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(495</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(495</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Capital contribution to unconsolidated subsidiaries</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(350</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">350</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Return of capital from unconsolidated subsidiaries</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Notes receivable from affiliates</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">544</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(544</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Notes receivable from parent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">344</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(344</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Notes receivable from subsidiaries</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(6</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(40</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">46</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Cash provided by (used in) investing activities</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(5,744</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(2,737</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(19,471</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">5,213</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(22,739</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Financing activities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">(Decrease) increase in repurchase agreements and securities sold but not&nbsp;yet purchased</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(23</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(23</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Issue of long-term debt, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,899</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,899</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Redemption of long-term debt</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(158</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(158</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Issue of capital instruments, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">479</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">479</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Redemption of capital instruments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(949</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(949</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Secured borrowings from securitization transactions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">847</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">847</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Changes in deposits from Bank clients, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(157</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(157</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Shareholders&#146; dividends paid in cash</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,593</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,593</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Contributions from (distributions to) <FONT STYLE="white-space:nowrap">non-controlling</FONT> interests,
net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Common shares issued, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">66</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,706</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(5,706</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">66</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Preferred shares issued, net</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">884</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">884</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Dividends paid to parent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,061</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;2,061</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Capital contributions by parent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">350</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(350</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Return of capital to parent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Notes payable to affiliates</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(544</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">544</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Notes payable to parent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(46</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Notes payable to subsidiaries</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(344</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">344</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Cash provided by (used in) financing activities</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;3,391</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(544</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">3,610</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(3,152</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">3,305</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Cash and short-term securities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Increase (decrease) during the year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(509</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,948</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2,417</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Effect&nbsp;of foreign exchange rate changes on cash and short-term securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(149</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(197</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(347</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Balance, beginning of year</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">122</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">4,445</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">12,435</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">17,002</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Balance, end of year</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">161</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;3,787</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;10,290</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;&nbsp;14,238</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Cash and short-term securities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Beginning of year</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Gross cash and short-term securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">122</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,938</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,825</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,885</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net payments in transit, included in other liabilities</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(493</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(390</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(883</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net cash and short-term securities, beginning of
year</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">122</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">4,445</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">12,435</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">17,002</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>End of year</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Gross cash and short-term securities</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">161</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,317</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,673</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,151</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net payments in transit, included in other liabilities</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(530</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(383</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(913</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net cash and short-term securities, end of year</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">161</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">3,787</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">10,290</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">14,238</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Supplemental disclosures on cash flow information:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest received</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,523</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">6,795</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(768</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">10,550</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest paid</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">210</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">144</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,397</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(768</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">983</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income taxes paid</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">35</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">68</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">738</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">841</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial Statements</I> &nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>181</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B><A NAME="fin476443_24"></A>Note 24&nbsp;&nbsp;&nbsp;&nbsp;Comparatives </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Certain comparative amounts have been reclassified to conform to the current year&#146;s presentation. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>182</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Notes&nbsp;to&nbsp;Consolidated&nbsp;Financial&nbsp;Statements</I> </FONT></P>

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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>d489903dex992.htm
<DESCRIPTION>EX-99.2
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right"><B>Exhibit 99.2 </B></P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g476443g85e01.jpg" ALT="LOGO">
 </P> <P STYLE="font-size:120pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:36pt; margin-bottom:0pt; font-size:24pt; font-family:ARIAL"><FONT COLOR="#1f320c">Manulife Financial Corporation
</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:ARIAL"><FONT COLOR="#1f320c">Management&#146;s Discussion&nbsp;&amp; Analysis </FONT></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:16pt; font-family:ARIAL"><FONT COLOR="#1f320c">For the year ended December&nbsp;31, 2017 </FONT></P>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Caution regarding forward-looking statements </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">From time to time, Manulife Financial Corporation (&#147;MFC&#148;) makes written and/or oral forward-looking statements, including in this document. In addition, our
representatives may make forward-looking statements orally to analysts, investors, the media and others. All such statements are made pursuant to the &#147;safe harbour&#148; provisions of Canadian provincial securities laws and the U.S. Private
Securities Litigation Reform Act of 1995. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The forward-looking statements in this document include, but are not limited to, statements with respect to the expected
impact of our decision to reduce the allocation to alternative long-duration assets (&#147;ALDA&#148;) in our portfolio asset mix supporting our legacy business and of U.S. Tax Reform, and Manulife&#146;s expected capital position under the new
LICAT guideline and also relate to, among other things, our objectives, goals, strategies, intentions, plans, beliefs, expectations and estimates, and can generally be identified by the use of words such as &#147;may&#148;, &#147;will&#148;,
&#147;could&#148;, &#147;should&#148;, &#147;would&#148;, &#147;likely&#148;, &#147;suspect&#148;, &#147;outlook&#148;, &#147;expect&#148;, &#147;intend&#148;, &#147;estimate&#148;, &#147;anticipate&#148;, &#147;believe&#148;, &#147;plan&#148;,
&#147;forecast&#148;, &#147;objective&#148;, &#147;seek&#148;, &#147;aim&#148;, &#147;continue&#148;, &#147;goal&#148;, &#147;restore&#148;, &#147;embark&#148; and &#147;endeavour&#148; (or the negative thereof) and words and expressions of similar
import, and include statements concerning possible or assumed future results. Although we believe that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance
should not be placed on such statements and they should not be interpreted as confirming market or analysts&#146; expectations in any way. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Certain material factors
or assumptions are applied in making forward-looking statements and actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from expectations
include but are not limited to: the final interpretation of U.S. Tax Reform by tax authorities, the amount of time required to reduce the allocation to ALDA in our asset mix and redeploy capital towards higher-return businesses, the specific type of
ALDA we dispose of and the value realized from such dispositions; general business and economic conditions (including but not limited to the performance, volatility and correlation of equity markets, interest rates, credit and swap spreads, currency
rates, investment losses and defaults, market liquidity and creditworthiness of guarantors, reinsurers and counterparties); changes in laws and regulations; changes in accounting standards applicable in any of the territories in which we operate;
changes in regulatory capital requirements; our ability to execute strategic plans and changes to strategic plans; downgrades in our financial strength or credit ratings; our ability to maintain our reputation; impairments of goodwill or intangible
assets or the establishment of provisions against future tax assets; the accuracy of estimates relating to morbidity, mortality and policyholder behaviour; the accuracy of other estimates used in applying accounting policies, actuarial methods and
embedded value methods; our ability to implement effective hedging strategies and unforeseen consequences arising from such strategies; our ability to source appropriate assets to back our long-dated liabilities; level of competition and
consolidation; our ability to market and distribute products through current and future distribution channels; unforeseen liabilities or asset impairments arising from acquisitions and dispositions of businesses; the realization of losses arising
from the sale of investments classified as <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">available-for-sale;</FONT></FONT> our liquidity, including the availability of financing to satisfy existing financial liabilities on
expected maturity dates when required; obligations to pledge additional collateral; the availability of letters of credit to provide capital management flexibility; accuracy of information received from counterparties and the ability of
counterparties to meet their obligations; the availability, affordability and adequacy of reinsurance; legal and regulatory proceedings, including tax audits, tax litigation or similar proceedings; our ability to adapt products and services to the
changing market; our ability to attract and retain key executives, employees and agents; the appropriate use and interpretation of complex models or deficiencies in models used; political, legal, operational and other risks associated with our <FONT
STYLE="white-space:nowrap">non-North</FONT> American operations; acquisitions and our ability to complete acquisitions including the availability of equity and debt financing for this purpose;; the disruption of or changes to key elements of the
Company&#146;s or public infrastructure systems; environmental concerns; our ability to protect our intellectual property and exposure to claims of infringement; and our inability to withdraw cash from subsidiaries. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Additional information about material risk factors that could cause actual results to differ materially from expectations and about material factors or assumptions
applied in making forward-looking statements may be found in this document under &#147;Risk Management&#148;, &#147;Risk Factors&#148; and &#147;Critical Accounting and Actuarial Policies&#148; and in the &#147;Risk Management&#148; note to the
consolidated financial statements as well as elsewhere in our filings with Canadian and U.S. securities regulators. The forward-looking statements in this document are, unless otherwise indicated, stated as of the date hereof and are presented for
the purpose of assisting investors and others in understanding our financial position and results of operations, our future operations, as well as our objectives and strategic priorities, and may not be appropriate for other purposes. We do not
undertake to update any forward-looking statements, except as required by law. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Manulife Financial Corporation
2017 Management&#146;s Discussion and Analysis </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B><A NAME="toc"></A>Table of Contents </B></FONT></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" ALIGN="center">


<TR>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="93%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>14</B></FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#mdatoc476443_1"></A>&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4"><A HREF="#mdatoc476443_1">Overview</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>17</B></FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#mdatoc476443_2"></A>&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4"><A HREF="#mdatoc476443_2">Financial Performance</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>24</B></FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#mdatoc476443_3"></A>&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4"><A HREF="#mdatoc476443_3">Performance by Division</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>24</B></FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#mdatoc476443_4">Asia Division</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>28</B></FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#mdatoc476443_5">Canadian Division</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>31</B></FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#mdatoc476443_6">U.S. Division</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>34</B></FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#mdatoc476443_7">Corporate and Other</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>36</B></FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#mdatoc476443_8">Investment Division</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>44</B></FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#mdatoc476443_9"></A>&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4"><A HREF="#mdatoc476443_9">Performance by Business Line</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>47</B></FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#mdatoc476443_10"></A>&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4"><A HREF="#mdatoc476443_10">Risk Management</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>65</B></FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#mdatoc476443_11"></A>&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4"><A HREF="#mdatoc476443_11">Capital Management Framework</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>68</B></FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#mdatoc476443_12"></A>&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4"><A HREF="#mdatoc476443_12">Critical Accounting and Actuarial Policies</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>80</B></FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#mdatoc476443_13"></A>&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4"><A HREF="#mdatoc476443_13">Risk Factors</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>96</B></FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#mdatoc476443_14"></A>&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4"><A HREF="#mdatoc476443_14">Controls and Procedures</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>97</B></FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#mdatoc476443_15"></A>&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4"><A HREF="#mdatoc476443_15">Performance and Non-GAAP Measures</A></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>102</B></FONT></TD>
<TD NOWRAP VALIGN="top"><FONT STYLE="font-size:8.5pt" COLOR="#1f320c"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><A HREF="#mdatoc476443_16"></A>&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4"><A HREF="#mdatoc476443_16">Additional Disclosures</A></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="center">Manulife Financial Corporation 2017
Management&#146;s Discussion and Analysis </P>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Management&#146;s Discussion and Analysis </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL">This Management&#146;s Discussion and Analysis (&#147;MD&amp;A&#148;) is current as of February&nbsp;7, 2018. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B><A NAME="mdatoc476443_1"></A>Overview </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT
 COLOR="#1f320c"><B>Manulife Financial Corporation is a leading international financial services group that helps people achieve their dreams and aspirations by putting customers&#146; needs first and providing the right advice and solutions. We
operate as John Hancock in the United States and Manulife elsewhere.&nbsp;We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2017, we had over 34,000
employees, 73,000 agents, and thousands of distribution partners, serving more than 26&nbsp;million customers. At the end of 2017, we had $1.0 trillion in assets under management and administration, and during 2017, we made almost $27 billion in
payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as &#145;MFC&#146; on the Toronto, New
York, and the Philippine stock exchanges and under &#145;945&#146; in Hong Kong. </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In this document, the terms &#147;Company&#148;, &#147;Manulife&#148;,
&#147;we&#148; and &#147;our&#148; mean Manulife Financial Corporation (&#147;MFC&#148;) and its subsidiaries. The term &#147;MLI&#148; means The Manufacturers Life Insurance Company and its subsidiaries. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Manulife&#146;s net income attributed to shareholders was $2.1 billion in 2017 compared with $2.9 billion in
2016.</B></FONT><FONT STYLE="font-family:ARIAL"> Net income attributed to shareholders is comprised of core earnings<SUP STYLE="font-size:85%; vertical-align:top">1</SUP> (consisting of items we believe reflect the underlying earnings capacity of
the business), which amounted to $4.6 billion in 2017 compared with $4.0 billion in 2016, and items excluded from core earnings of $2.5 billion of net charges in 2017 compared with $1.1 billion of charges in 2016. </FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Fully diluted earnings per common share was $0.98 in 2017, compared with $1.41 in 2016 and return on common shareholders&#146; equity (&#147;ROE&#148;) was 5.0% in 2017,
compared with 7.3% for 2016. Fully diluted core earnings per common share<SUP STYLE="font-size:85%; vertical-align:top"></SUP><SUP STYLE="font-size:85%; vertical-align:top">1</SUP> was $2.22 in 2017 compared with $1.96 in 2016 and core return on
shareholders&#146; equity (&#147;core ROE&#148;)<SUP STYLE="font-size:85%; vertical-align:top">1</SUP> was 11.3% in 2017 compared with 10.1% in 2016. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Net income
attributed to shareholders in 2017 included a $2.8 billion post-tax charge related to the previously announced impact of the U.S. Tax Cuts and Jobs Act (&#147;U.S. Tax Reform&#148;) and the decision to change the portfolio asset mix supporting our
legacy businesses. Excluding these charges, net income attributed to shareholders increased $2.0 billion compared with 2016 primarily driven by growth in core earnings, the favourable direct impact of markets in 2017 compared with unfavourable
impacts in 2016, and lower charges from changes in actuarial methods and assumptions. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The $544 million increase in core earnings was driven by higher core investment
gains, strong new business and in-force growth in Asia, higher fee income in our wealth and asset management businesses and a reduction in expected cost of macro hedges, partially offset by a $240 million provision in our Property and Casualty
Reinsurance business in the third quarter of 2017 related to hurricanes, and the impact of changes in foreign currency exchange rates. Both years also included gains related to the release of provisions for uncertain tax positions. Core earnings in
2017 included net insurance and annuity policyholder experience charges of $164 million post-tax ($223 million pre-tax) compared with $162 million post-tax ($276 million pre-tax) in 2016. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In the fourth quarter of 2017 (&#147;4Q17&#148;), U.S. Tax Reform was enacted, which among other things, lowered the U.S. federal corporate income tax rate from 35% to
21% and placed limits on the tax deductibility of reserves. The impact of these changes was a charge of approximately $1.8 billion, post-tax, with an expected ongoing benefit to net income attributed to shareholders and core earnings of
approximately $240 million per year commencing in 2018.<SUP STYLE="font-size:85%; vertical-align:top">2</SUP> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Also, in 4Q17, we recorded a $1 billion post-tax charge
related to our decision to reduce the allocation to alternative long-duration assets (&#147;ALDA&#148;) in our portfolio asset mix supporting our North American legacy businesses. This is expected to reduce risk and lower volatility in our legacy
businesses, and free up approximately $2&nbsp;billion in capital over the next 12-18 months as the ALDA is sold. The decision is expected to negatively impact net income attributed to shareholders and core earnings in the short-term by approximately
$70 million per year post-tax, until such time as the net $1 billion capital benefit is redeployed towards higher return businesses.<SUP STYLE="font-size:85%; vertical-align:top">2</SUP> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Core earnings excludes the direct impact of changes in equity markets and interest rates and changes in actuarial methods and assumptions as well as a number of other
items that are considered material and that we do not believe reflect the underlying earnings capacity of the business. Items excluded from core earnings are: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="77%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right"><B>2017</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">2016</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">2015</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment-related experience outside of core
earnings<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>167</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(530</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Direct impact of equity markets and interest rates and variable annuity guarantee liabilities<SUP
STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>209</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(484</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(93</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Changes in actuarial methods and assumptions<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>

<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(35</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(453</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(451</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Charge related to U.S. Tax Reform<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,777</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Charge related to decision to change portfolio asset mix supporting our legacy businesses<SUP
STYLE="font-size:85%; vertical-align:top">(5)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,032</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Integration and acquisition costs<SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(70</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(81</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(149</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other
items<SUP STYLE="font-size:85%; vertical-align:top">(7)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>77</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(74</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(14</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;(2,461)</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;(1,092</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;(1,237</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">This item is a non-GAAP measure. See &#147;Performance and Non-GAAP Measures&#148; below. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">See &#147;Caution regarding forward-looking statements&#148; above. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>14</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">In accordance with our definition of core earnings, we include up to $400 million of net favourable investment-related experience reported in a single year, as core investment gains. (See &#147;Performance and Non-GAAP
Measures&#148; below.) Items excluded from core earnings include net investment-related experience in excess of $400 million per annum or net unfavourable investment-related experience on a year-to-date basis. In 2017, we generated
investment-related experience gains of $567 million, reflecting the favourable impact of fixed income reinvestment activities on the measurement of our policy liabilities and strong credit experience, partially offset by lower than expected returns
(including changes in fair value) on ALDA. In 2016, we generated $197 million of core investment gains driven by the favourable impact of fixed income reinvestment activities on the measurement of our policy liabilities and credit experience
partially offset by lower returns on our alternative long-duration portfolio. In 2015, we reported unfavourable experience of $530 million which included a charge of $876 million due to the sharp decline in oil and gas prices partially offset by a
$346 million gain related to higher than expected returns on other asset classes as well as fixed income reinvestment activities. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The direct impact of equity markets and interest rates is relative to our policy liability valuation assumptions and includes changes to interest rate assumptions, as well as experience gains and losses on derivatives
associated with our macro equity hedges. We also include gains and losses on the sale of available-for-sale (&#147;AFS&#148;) debt securities as management may have the ability to partially offset the direct impacts of changes in interest rates
reported in the liability segments. Additional information related to the gain in 2017 and charges in 2016 and 2015 are included in the &#147;Analysis of Net Income&#148;. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">As noted in the &#147;Critical Accounting and Actuarial Policies&#148; section below, a comprehensive review of actuarial methods and assumptions is performed annually. In the third quarter of 2017 we completed our
annual review of actuarial methods and assumptions and increased policy liabilities as a result of reducing ALDA and equity return assumptions, and lapse and other policyholder experience assumptions. These charges were mostly offset by reserve
releases for mortality and morbidity assumptions, model refinements and other items. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The 2017 charge of $1.8 billion related to the impact of U.S. tax legislation that was passed into law (&#147;U.S. Tax Reform&#148;), which lowered the U.S. corporate tax rate from 35% to 21% and placed limits on the
tax deductibility of reserves. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The 2017 charge reflected a $1.0 billion post-tax charge related to our decision to reduce the allocation to ALDA in our portfolio asset mix supporting our North American legacy businesses. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The 2017 charge of $70 million included costs related to the integration of businesses acquired from Standard Chartered and Standard Life plc. The 2016 charge of $81 million also included costs related to the
integration of New York Life&#146;s (&#147;NYL&#148;) Retirement Plan Services business. The 2015 charge of $149 million included acquisition costs related to the latter two acquisitions. </TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(7)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The 2017 gain of $77 million included a gain resulting from an internal legal entity restructuring partially offset by a provision for a legal settlement, Thailand operations restructuring charges and early redemption
costs on debt retirements. The 2016 charge of $74 million includes restructuring charges for our long-term care business in the U.S., our Indonesia operations and the closure of our technology shared service centre in Malaysia, partially offset by a
gain with respect to one of the Company&#146;s pension plans. The 2015 charge of $14 million primarily relates to the settlement cost from the buy-out of the U.K. pension plan. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">Insurance sales</FONT></B><SUP STYLE="font-size:85%; vertical-align:top">1</SUP> were $4.7 billion in 2017, an increase
of 23%<SUP STYLE="font-size:85%; vertical-align:top">2</SUP> compared with 2016. In Asia, insurance sales increased 17% compared with 2016, driven by strong growth in Singapore, mainland China, Japan and Vietnam. In Canada, insurance sales increased
60% compared with 2016, as a more than doubling of group benefits sales (where large-case sales are inherently variable), was partially offset by lower retail sales from the impact of regulatory changes on prior year sales and pricing actions taken
during the year. In the U.S., life insurance sales increased 11% from 2016 due to increased sales of term and universal life products. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">Wealth and Asset Management (&#147;WAM&#148;) net flows</FONT></B><SUP STYLE="font-size:85%; vertical-align:top">1 </SUP>were $17.6 billion in 2017, compared with $15.3 billion in 2016. In 2017, we generated
positive net flows in our WAM businesses across all divisions and in each of our business lines: retirement, retail and institutional asset management. This marked our 8<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> year of positive
consecutive quarterly net flows. The increase compared with 2016 was primarily due to lower redemptions and higher sales in our retail and institutional asset management businesses in the U.S. and, to a lesser extent, our Hong Kong retirement
business, partially offset by higher redemptions in our North American retirement businesses. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">WAM gross
flows</FONT></B><SUP STYLE="font-size:85%; vertical-align:top">1</SUP> were $124.3 billion in 2017, an increase of 5% compared with 2016. The increase was mainly driven by strong sales across multiple asset classes and strategies in our retail
businesses, increased sales of equity and fixed income products in U.S. institutional asset management, and strong growth in Hong Kong retirement. This was partially offset by fewer large mandates in institutional asset management in Canada and
Japan. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Other Wealth
sales</B></FONT><FONT STYLE="font-family:ARIAL"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP> were $8.1 billion in 2017, in line with 2016. In 2017, Other Wealth sales in Asia increased 10% from 2016 driven by Hong Kong, reflecting the
success of recently-launched customer solutions, partially offset by lower single premium sales in Japan. In Canada, Other Wealth sales declined 10% from 2016 due to pricing actions to de-emphasize certain products.<SUP
STYLE="font-size:85%; vertical-align:top">3</SUP> </FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">Assets under management and administration</FONT></B><SUP
STYLE="font-size:85%; vertical-align:top">1</SUP> (&#147;AUMA&#148;) were $1,040 billion as at December&nbsp;31, 2017, an increase of 11% on a constant currency basis, compared with December&nbsp;31, 2016, driven by favourable investment returns and
continued customer net inflows. The Wealth and Asset Management portion of AUMA as at December&nbsp;31, 2017 was $599 billion, an increase of $54 billion, or 14% on a constant currency basis, compared with December&nbsp;31, 2016, driven by the same
reasons. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">The Minimum Continuing Capital and Surplus Requirements (&#147;MCCSR&#148;) ratio</FONT></B> for MLI was
224% as at December&nbsp;31, 2017, compared with 230% at the end of 2016. The 6 percentage point decrease from December&nbsp;31, 2016 was mainly due to the charges related to U.S. Tax Reform and portfolio asset mix changes in 4Q17. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">MFC&#146;s financial leverage ratio</FONT></B> was 30.3% at December&nbsp;31, 2017 compared with 29.5% at the end of
2016. Our financial leverage increased from the prior year primarily due to the charges related to U.S. Tax Reform and portfolio asset mix changes. Solid core earnings in 2017 more than offset the unfavourable impacts of the strengthening of the
Canadian dollar and financing activities. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The operating divisions delivered $2.1 billion in <B><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">remittances</FONT></B><SUP
STYLE="font-size:85%; vertical-align:top">4</SUP> in 2017, compared with $1.8 billion in 2016. </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">This item is a non-GAAP measure. See &#147;Performance and Non-GAAP Measures&#148; below. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Growth (declines) in sales, gross flows, premiums and deposits and assets under management and administration are stated on a constant currency basis. Constant currency basis is a non-GAAP measure. See &#147;Performance
and Non-GAAP Measures&#148; below. </TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">3</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The U.S. Division does not have any products for sale in this category. </TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">4</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Remittances are defined as the cash remitted or payable to the Corporate and Other segment from operating subsidiaries and excess capital generated by stand-alone Canadian operations. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>15</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Strategic Highlights </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We are fully committed to the transformation of our business to position Manulife as a digital, customer-centric leader. We are confident that by delivering on our
strategic priorities, we will succeed in delighting our customers, exciting and engaging our employees and creating substantial shareholder value. Our 5 strategic priorities are: </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Optimize our portfolio to ensure we are putting our capital to best use </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Aligned with our goal to improve the risk-return and cash generation profile of our lower-return legacy businesses<SUP STYLE="font-size:85%; vertical-align:top">1</SUP>,
which today consume a significant proportion of our capital, we have commenced and will continue to pursue a variety of organic options to optimize our portfolio, including more active management of claims and benefits, pricing actions, better
expense management and investment strategy. We will also explore reinsurance and other actions, where it makes sense, and when in the best interest of shareholders. In September of 2017, we announced a new organizational structure, effective
January&nbsp;1, 2018, designed to bring stronger focus and enable us to more aggressively pursue these opportunities in our North American legacy businesses. On December&nbsp;22, 2017, we announced a change in our portfolio asset mix for our legacy
businesses that is expected to free up capital, reduce risk and lower volatility in our legacy businesses.<SUP STYLE="font-size:85%; vertical-align:top">2</SUP> </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT
 COLOR="#1f320c"><B>Aggressively manage our costs to be competitive and create value </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">For continued success in the quickly evolving market landscape, we
need to be more efficient. We are setting ambitious efficiency targets for the years ahead, and are looking at a wide range of opportunities to simplify and digitize our processes and leverage scale to drive cost savings, positioning the Company for
efficient growth. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Accelerate growth in our highest-potential businesses </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We continue to focus our capital allocations to drive growth through our higher-return businesses, notably Asia and Global Wealth and Asset Management (&#147;WAM&#148;).
In 2017, new business value in Asia grew by 25%, driven by our professional agency force and multiple partnerships with financial institutions across the region. We expect the organizational changes to our WAM businesses that took effect
January&nbsp;1, 2018, to create greater alignment and enable us to better leverage our global scale. As a result of these changes, Global WAM will be a separate reporting segment in 2018. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Focus on putting our customers first </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Technology is transforming all our lives, changing customers&#146; expectations of how they would like to engage with us. Meeting our customers&#146; needs and their
evolving preferences will require us to reimagine what we do and how we do it, so that we successfully invest in innovation and digitization to differentiate ourselves and provide excellent customer experiences. Highlights of digital and other
initiatives to enhance customer experience in 2017 are outlined in the &#147;Performance by Division &#150; Strategic Highlights&#148; sections below. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT
 COLOR="#1f320c"><B>Build a high-performing team and culture </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We are aligning our teams with the five key areas of focus and fostering the right culture to
drive execution. We continue to work to attract, develop and retain the best talent, wherever we do business, and to engage and excite our employees to rally around our customers. To help our colleagues work more efficiently, we are reducing
complexity and placing greater emphasis on agility and appropriate risk-taking. </P> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Legacy business includes annuities, long-term care insurance and select long-duration, guaranteed insurance products. </TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">See &#147;Caution regarding forward-looking statements&#148; above. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>16</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B><A NAME="mdatoc476443_2"></A>Financial Performance </B></FONT></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at and for the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions, unless otherwise stated)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net income attributed to shareholders</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,104</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,929</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,191</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Preferred share dividends</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"><B>&nbsp;</B></P></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B>(159)</B></P></TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"><B>&nbsp;</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">(133)</P></TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">(116)</P></TD>
<TD NOWRAP VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Common shareholders&#146; net income</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"><B>$</B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B>1,945</B></P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"><B>&nbsp;</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">$</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">2,796</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">$</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">2,075</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Reconciliation of core earnings to net income attributed to shareholders:</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Core earnings</B><SUP
STYLE="font-size:85%; vertical-align:top">(1)</SUP><B></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"><B>$</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B>4,565</B></P></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"><B>&nbsp;</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">$</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">4,021</P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">$</P></TD>
<TD VALIGN="bottom"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">3,428</P></TD>
<TD NOWRAP VALIGN="bottom"> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment-related experience outside of core earnings</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>167</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(530</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Core earnings and investment-related experience outside of core earnings</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,732</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,021</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,898</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other items to reconcile core earnings to net income attributed to shareholders:</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Direct impact of equity markets and interest rates and variable annuity guarantee liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>209</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(484</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(93</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Changes in actuarial methods and assumptions</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(35</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(453</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(451</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Charge related to U.S. Tax Reform</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,777</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Charge related to decision to change portfolio asset mix supporting our legacy businesses</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,032</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Integration and acquisition costs</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(70</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(81</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(149</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other items</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>77</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(74</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(14</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net income attributed to shareholders</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,104</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,929</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,191</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Basic earnings per common share ($)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.98</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.06</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Diluted earnings per common share ($)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.98</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.41</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.05</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Diluted core earnings per common share ($)<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2.22</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.96</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.68</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Return on common shareholders&#146; equity (&#147;ROE&#148;) (%)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5.0%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.3%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.8%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Core ROE (%)<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>11.3%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10.1%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9.2%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Sales<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Insurance products</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,704</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,952</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">3,380</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Wealth and Asset Management gross flows<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;124,306</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;120,450</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;114,686</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Wealth and Asset Management net flows<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>17,605</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">15,265</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">34,387</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other Wealth products</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>8,058</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">8,159</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">7,494</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Premiums and deposits<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Insurance products</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>34,577</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">33,594</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">29,509</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Wealth and Asset Management products</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>124,306</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">120,450</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">114,686</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other Wealth products</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6,769</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">6,034</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">6,718</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Corporate and Other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>110</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">87</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">90</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Assets under management and administration ($
billions)<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,040</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">977</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">935</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Capital ($ billions)<SUP STYLE="font-size:85%; vertical-align:top">(1) </SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>50.7</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">50.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">49.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">MLI&#146;s MCCSR ratio</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>224%</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">230%</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">223%</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">This item is a non-GAAP measure. For a discussion of our use of non-GAAP measures, see &#147;Performance and Non-GAAP Measures&#148; below. </TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Analysis of Net Income </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Manulife&#146;s full year 2017 net income attributed to shareholders was $2.1 billion compared with $2.9 billion for full year 2016. </B></FONT><FONT STYLE="font-family:ARIAL">Net income attributed to
shareholders is comprised of core earnings (consisting of items we believe reflect the underlying earnings capacity of the business), which amounted to $4.6 billion in 2017 compared with $4.0 billion in 2016, and items excluded from core earnings,
which amounted to a net charge of $2.5 billion in 2017 compared with a net charge of $1.1 billion in 2016. Net income attributed to shareholders in 2017 included a $2.8 billion post-tax charge related to the previously announced impact of U.S. Tax
Reform and the decision to change the portfolio asset mix supporting our legacy businesses. Excluding these charges, net income attributed to shareholders increased $2.0 billion compared with 2016 primarily driven by growth in core earnings, the
favourable direct impact of markets in 2017 compared with unfavourable impacts in 2016, and lower charges from changes in actuarial methods and assumptions. </FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The increase of $544 million in core earnings was driven by higher core investment gains, strong new business and in-force growth in Asia, higher fee income in our wealth
and asset management businesses and a reduction in expected cost of macro hedges, partially offset by a $240 million provision in our P&amp;C Reinsurance business in the third quarter of 2017 related to hurricanes, and the impact of changes in
foreign currency exchange rates (on average, the Canadian dollar was stronger compared with the U.S. dollar during 2017). Both years also included gains related to the release of provisions of uncertain tax positions. Core earnings in 2017 included
net insurance and annuity policyholder experience charges of $164 million post-tax ($223 million pre-tax) compared with $162 million post-tax ($276 million pre-tax) in 2016. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>17</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

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<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The table below reconciles 2017, 2016 and 2015 net income attributed to shareholders to core earnings. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
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<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Core earnings</B><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Asia Division</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,663</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,495</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,234</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Canadian Division</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,465</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,384</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,252</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">U.S. Division</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,962</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,615</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,466</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Corporate and Other (excluding expected cost of macro hedges and core investment gains)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(868</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(409</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(298</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Expected cost of macro hedges<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(57</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(261</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(226</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Investment-related experience in core earnings<SUP
STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>400</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">197</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total core earnings</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,565</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,021</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,428</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Investment-related experience outside of core earnings<SUP
STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>167</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(530</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Core earnings and investment-related experience outside of core earnings</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;4,732</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;4,021</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;2,898</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Changes in actuarial methods and assumptions<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>

<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(35</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(453</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(451</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Direct impact of equity markets and interest rates and variable annuity guarantee liabilities<SUP
STYLE="font-size:85%; vertical-align:top">(3) </SUP>(see table below)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>209</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(484</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(93</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Charge related to U.S. Tax Reform<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,777</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Charge related to decision to change portfolio asset mix of our legacy businesses<SUP
STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,032</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Integration and acquisition costs<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(70</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(81</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(149</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other
items<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>77</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(74</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(14</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net income attributed to shareholders</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,104</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">2,929</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">2,191</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">This item is a non-GAAP measure. See &#147;Performance and Non-GAAP Measures&#148; below. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Actual market performance differed from our valuation assumptions in 2017, which resulted in a macro hedge experience loss of $177 million. This loss is included in the direct impact of equity markets and interest rates
and variable annuity guarantee liabilities below. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">See &#147;Overview &#150; Items Excluded from Core earnings&#148; above. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We evaluate our divisions operating performance
based on core earnings. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Asia core earnings were $1,663 million in 2017 compared with $1,495 million in 2016. Core earnings in 2017 increased $168 million or 16%, compared with 2016 after adjusting for the impact of changes in foreign currency
exchange rates. The increase in core earnings was driven by double-digit growth in new business volumes and solid in-force business growth, partially offset by a charge related to policyholder experience in 2017 compared with a gain in 2016, and the
non-recurrence of gains related to two separate reinsurance treaties in 2016. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Canada core earnings were $1,465 million in 2017 compared with $1,384 million in 2016. Core earnings in 2017 increased $81 million or 6% compared with 2016, reflecting higher fee income in our wealth and asset
management businesses from higher average asset levels and a tax benefit primarily related to the release of provisions for uncertain tax positions. These items were partially offset by unfavourable policyholder experience, primarily due to higher
claims in our group benefits long-term disability business. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">U.S. core earnings were $1,962 million in 2017 compared with $1,615 million in 2016. Core earnings in 2017 increased $347 million or 21% compared with 2016 driven by improved policyholder experience in life and
long-term care and policyholder experience gains in annuities. In addition, higher wealth and asset management earnings primarily from higher average assets, lower amortization of deferred acquisition costs on in-force variable annuity business and
an improvement in policy-related items were partially offset by the non-recurrence of the release of provisions for uncertain tax positions in 2016. Improved policyholder experience losses in life and long-term care were due, in part to changes in
actuarial methods and assumptions. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Corporate and Other core loss excluding the expected cost of macro hedges and core investment gains was $868 million in 2017 compared with $409 million in 2016. The $459 million increase in core loss consisted of the
P&amp;C provision relating to hurricanes Harvey, Irma and Maria, the non-recurrence of a release of provisions and interest on uncertain tax positions in 2016, higher strategic initiative expenses and higher interest costs, partially offset by
higher realized gains on AFS equities. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The expected cost of macro hedges was $57 million in 2017 compared with $261 million in 2016, a decrease of $204 million due to the impact of favourable equity markets on variable annuity guarantee risks not covered by
the dynamic hedging program and actions taken in late 2016 to reduce our equity risk. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Investment-related experience in core earnings in 2017 of $400 million reflected the favourable impact of fixed income reinvestment activities on the measurement of our policy liabilities and strong credit experience,
partially offset by lower than expected returns (including changes in fair value) on ALDA. (See description of investment-related experience in &#147;Performance and Non-GAAP Measures&#148; below). </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Items excluded from core earnings amounted to net charges of $2.5 billion in 2017 and $1.1 billion in 2016. Additional information is included in the footnotes to the
table in the &#147;Overview&#148; section above. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>18</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The net gain (loss) related to the direct impact of equity markets and interest rates and variable annuity guarantee
liabilities in the table above is attributable to: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>For the years ended December&nbsp;31,</B><br>($ millions)</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Direct impact of equity markets and variable annuity guarantee liabilities<SUP
STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;533</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;(364</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;(299</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Fixed income reinvestment rates assumed in the valuation of policy liabilities<SUP
STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(200</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(335</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">201</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Sale of AFS bonds and derivative positions in the Corporate and Other segment</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(41</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">370</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Risk reduction
items<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(83</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(155</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Direct impact of equity markets and interest rates and variable
annuity guarantee liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>209</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;(484)</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(93</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">In 2017, the net gain of $533 million included a gain of $1,486 million from gross equity exposure, partially offset by charges of $892 million from dynamic hedging experience, and $61 million from macro hedge
experience. In 2016, the net charge of $364 million included charges of $205 million from gross equity exposure, $120 million from macro hedge experience and $39 million from dynamic hedging experience. As at December&nbsp;31, 2017, the net notional
value of shorted equity futures contracts in our macro hedge program was $0.2 billion (2016 &#150; $1.5 billion). </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The $200 million charge in 2017 for fixed income reinvestment assumptions was driven by decreases in corporate spreads which resulted in a decline in the reinvestment yields on future fixed income purchases assumed in
the measurement of policy liabilities and increases in swap spreads that resulted in a decrease in the fair value of our swaps. The $335 million charge in 2016 was largely driven by decreases in corporate spreads, partially offset by falling swap
spreads. The $201 million gain in 2015 was due to a decrease in swap spreads partially offset by a decrease in risk-free rates. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">In 2017, we expanded our dynamic hedging program in Japan. In 2016, the risk reduction actions included selling equity investments supporting our products with guarantee features and increasing the amount of interest
rate hedges.&nbsp;The sale of equity investments resulted in a decrease in our underlying earnings sensitivity before hedging and also reduced the amount of hedging instruments used in the macro hedging program. </TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Earnings per Common Share and Return on Common Shareholders&#146; Equity </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Fully diluted earnings per common share for 2017 was $0.98, compared with $1.41 in 2016. Return on common shareholders&#146; equity for 2017 was 5.0%, compared with 7.3%
for 2016. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Revenue </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Revenues includes
(i)&nbsp;premiums received on life and health insurance policies and fixed annuity products, net of premiums ceded to reinsurers; (ii)&nbsp;investment income comprised of income earned on general fund assets, credit experience and realized gains and
losses on assets held in the Corporate segment; (iii)&nbsp;fee and other income received for services provided; and (iv)&nbsp;realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities and on our macro
hedging program. Premium equivalents from administrative services only (&#147;ASO&#148;), as well as deposits received by the Company on investment contracts such as segregated funds, mutual funds and managed funds are not included in revenue;
however, the Company does receive fee income from these products, which is included in revenue. Fees generated from deposits and ASO premium and deposit equivalents are an important part of our business and as a result, revenue does not fully
represent sales and other activity taking place during the respective periods. The premiums and deposits metric below includes these factors. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">For 2017, revenue
before realized and unrealized losses was $52.6 billion, slightly higher than $52.2 billion in 2016. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In 2017, the net realized and unrealized gains on assets
supporting insurance and investment contract liabilities and on the macro hedging program were $5.7 billion, primarily driven by the decline in Canadian, U.S. and Hong Kong interest rates as well as higher equity markets. In 2016, the net realized
and unrealized gains on assets supporting insurance and investment contract liabilities and on the macro hedging program were $1.1 billion, primarily driven by gains from the general decrease in U.S. interest rates and higher equity markets,
partially offset by net losses on derivatives, including the macro equity hedging program, primarily related to the losses on interest rate swaps and treasury locks. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">See &#147;Impact of Fair Value Accounting&#148; below. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Revenue </B></FONT></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Gross premiums</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;36,361</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;36,659</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;32,020</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Premiums ceded to reinsurers<SUP
STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(8,151</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(9,027</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(16,091</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net premiums</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>28,210</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,632</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,929</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>13,649</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,390</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,465</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other revenue</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>10,746</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">11,181</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">10,098</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total revenue before items noted below</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>52,605</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52,203</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37,492</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Realized and unrealized gains (losses) on assets supporting insurance
and investment contract liabilities and on macro hedging program</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>5,718</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,134</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(3,062</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total revenue</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>58,323</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">53,337</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">34,430</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Premiums ceded to reinsurers in 2015 includes the $7,996 million impact of the assumption by NYL of our in-force participating life insurance closed block (&#147;Closed Block&#148;) reinsurance transaction.
</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>19</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Premiums and Deposits </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Premiums and deposits<SUP STYLE="font-size:85%; vertical-align:top">1</SUP> is an additional measure of our top line growth, as it includes all customer cash inflows.
Premiums and deposits for insurance products were $34.6 billion in 2017, an increase of $1.0 billion, or 5% on a constant currency basis compared with 2016. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Premiums
and deposits for Wealth and Asset Management products were $124.3 billion in 2017, an increase of $3.9 billion, or 5% on a constant currency basis over 2016. Premiums and deposits for Other Wealth products were $6.8 billion in 2017, an increase of
$0.7 billion, or 14% on a constant currency basis, from 2016. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Assets under Management and Administration (&#147;AUMA&#148;)
</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">AUMA<SUP STYLE="font-size:85%; vertical-align:top">1 </SUP>as at December&nbsp;31, 2017 were $1,040 billion, an increase of $63 billion, or 11% on a
constant currency basis, compared with December&nbsp;31, 2016, driven by favourable investment returns and continued customer net inflows. The Wealth and Asset Management portion of AUMA as at December&nbsp;31, 2017 was $599 billion, an increase of
$54 billion, or 14% on a constant currency basis, compared with December&nbsp;31, 2016, driven by the same reasons. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Assets under Management
and Administration </B></FONT></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="67%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">General fund</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>334,222</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;321,869</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;307,506</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Segregated funds net assets<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>324,307</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">315,177</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">313,249</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Mutual funds, institutional asset management and other<SUP
STYLE="font-size:85%; vertical-align:top">(1),(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>294,033</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">257,576</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">236,512</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total assets under management</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>952,562</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">894,622</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">857,267</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other assets under administration</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>87,929</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">82,433</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">77,909</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total assets under management and administration</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,040,491</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">977,055</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">935,176</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Segregated fund assets, mutual fund assets and other funds are not available to satisfy the liabilities of the Company&#146;s general fund. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Other funds represent pension funds, pooled funds, endowment funds and other institutional funds managed by the Company on behalf of others. </TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Capital </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Total capital<SUP
STYLE="font-size:85%; vertical-align:top">1</SUP> was $50.7 billion as at December&nbsp;31, 2017 compared with $50.2 billion as at December&nbsp;31, 2016, an increase of $0.5 billion. The increase from December 31, 2016 was primarily driven by net
income attributed to shareholders net of dividends paid of $0.3 billion, net capital issuances of $1.3 billion (does not include the $0.6 billion of senior debt redeemed, as it is not in the definition of regulatory capital), and the favourable
change in unrealized losses on AFS debt securities of $0.6 billion, partially offset by the unfavourable impact of foreign exchange rates of $2.0 billion. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT
 COLOR="#2a517f"><B>Impact of Fair Value Accounting </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Fair value accounting policies affect the measurement of both our assets and our liabilities. The
difference between the reported amounts of our assets and liabilities determined as of the balance sheet date and the immediately preceding balance sheet date in accordance with the applicable mark-to-market accounting principles is reported as
investment-related experience and the direct impact of equity markets and interest rates and variable annuity guarantees, each of which impacts net income (see &#147;Analysis of Net Income&#148; above). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We reported $5.7 billion of net realized and unrealized gains in investment income in 2017 (2016 &#150; gains of $1.1 billion). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">As outlined under &#147;Critical Accounting and Actuarial Policies&#148; below, net insurance contract liabilities under IFRS are determined using Canadian Asset
Liability Method (&#147;CALM&#148;), as required by the Canadian Institute of Actuaries (&#147;CIA&#148;). The measurement of policy liabilities includes the estimated value of future policyholder benefits and settlement obligations to be paid over
the term remaining on in-force policies, including the costs of servicing the policies, reduced by the future expected policy revenues and future expected investment income on assets supporting the policies. Investment returns are projected using
the current asset portfolios and projected reinvestment strategies. Experience gains and losses are reported when current period activity differs from what was assumed in the policy liabilities at the beginning of the period. We classify gains and
losses by assumption type. For example, current period investing activities that increase (decrease) the future expected investment income on assets supporting the policies will result in an investment-related experience gain (loss). See description
of investment-related experience in &#147;Performance and Non-GAAP Measures&#148; below. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Public Equity Risk and Interest Rate Risk
</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">At December&nbsp;31, 2017, the impact of a 10% decline in equity markets was estimated to be a charge of $610 million and the impact of a 50 basis point
decline in interest rates, across all durations and markets, on our earnings was estimated to be a charge of $200 million. See &#147;Risk Management&#148; and &#147;Risk Factors&#148; below. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Impact of Foreign Exchange Rates </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We have
worldwide operations, including in Canada, the United States and various countries in Asia, and generate revenues and incur expenses in local currencies in these jurisdictions, all of which are translated into Canadian dollars. The bulk of our
exposure to foreign exchange rates is to movements in the U.S. dollar. </P> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">This item is a non-GAAP measure. See &#147;Performance and Non-GAAP Measures&#148; below. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>20</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Items impacting our Consolidated Statements of Income are translated to Canadian dollars using average exchange rates
for the respective period. For items impacting our Consolidated Statements of Financial Position, period end rates are used for currency translation purpose. The following table provides the most relevant foreign exchange rates for 2017 and 2016.
</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c">Exchange rate</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="18" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>Quarterly</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>Full Year</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>4Q17</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">3Q17</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2Q17</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">1Q17</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">4Q16</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Average<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">U.S. dollar</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1.2712</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.2528</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.3450</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.3238</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.3343</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1.2980</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.3252</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Japanese yen</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.0113</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.0113</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.0121</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.0117</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.0122</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.0116</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.0122</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Hong Kong dollar</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>0.1628</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.1603</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.1727</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.1706</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.1720</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>0.1666</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.1707</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Period end</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">U.S. dollar</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1.2545</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.2480</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.2977</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.3323</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.3426</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1.2545</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.3426</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Japanese yen</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.0111</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.0111</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.0116</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.0120</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.0115</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.0111</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.0115</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Hong Kong dollar</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>0.1605</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">0.1598</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">0.1662</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">0.1714</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">0.1732</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>0.1605</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">0.1732</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Average rates for the quarter are from Bank of Canada which are applied against Consolidated Statements of Income items for each period. Average rate for the full year is a 4-point average of the quarterly average
rates. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In general, our net income attributed to shareholders and core earnings benefit from a weakening Canadian dollar and are adversely affected by a
strengthening Canadian dollar. Net income attributed to shareholders and core earnings from the Company&#146;s foreign operations are translated to Canadian dollars. However, in a period of losses, the weakening of the Canadian dollar has the effect
of increasing the losses. The relative impact of foreign exchange in any given period is driven by the movement of currency rates as well as the proportion of earnings generated in our foreign operations. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Changes in foreign exchange rates, primarily due to the strengthening of the U.S. dollar compared with the Canadian dollar, decreased core earnings by $103 million in
2017 compared with 2016. The impact of foreign currency on items excluded from core earnings does not provide relevant information given the nature of these items. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Fourth Quarter Financial Highlights </B></FONT></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="75%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the quarters ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions, except per share amounts)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net income (loss) attributed to shareholders</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,606</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">63</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">246</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Core earnings<SUP STYLE="font-size:85%; vertical-align:top">(1),(2) </SUP>(see next page for
reconciliation)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,205</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,287</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">859</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Diluted earnings (loss) per common share ($)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(0.83</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.01</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Diluted core earnings per common share ($)<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.59</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.63</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Return on common shareholders&#146; equity (annualized)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(17.1)%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.3%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.3%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Sales<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Insurance products</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,003</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,074</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,027</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Wealth and Asset Management gross flows<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;32,919</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;38,160</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;31,089</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Wealth and Asset Management net flows<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,718</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">6,073</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">8,748</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other Wealth products</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,082</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,737</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,109</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Premiums and deposits<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Insurance products</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>8,619</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">8,639</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">7,759</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Wealth and Asset Management products</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>32,919</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">38,160</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">31,089</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other Wealth products</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,749</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,405</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,963</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Corporate and Other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>20</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">26</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Impact of currency movement on the fourth quarter of 2017 (&#147;4Q17&#148;) core earnings compared with the fourth quarter of 2016 (&#147;4Q16&#148;) was a $54 million unfavourable variance. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">This item is a non-GAAP measure. See &#147;Performance and Non-GAAP Measures&#148; below. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Manulife&#146;s 4Q17 net income attributed to shareholders was a loss of $1,606 million compared with net income of $63 million in 4Q16.</B></FONT><FONT STYLE="font-family:ARIAL"> Net income attributed to
shareholders is comprised of core earnings (consisting of items we believe reflect the underlying earnings capacity of the business), which amounted to $1,205 million in 4Q17 compared with $1,287 million in 4Q16, and items excluded from core
earnings, which netted to charges of $2,811 million in 4Q17 compared with charges of $1,224 million in 4Q16 for a period-over-period increase in charges of $1,587 million. Net income attributed to shareholders in 4Q17 included a $2.8 billion
post-tax charge related to the previously announced impact of U.S. Tax Reform and the decision to change the portfolio asset mix supporting our legacy businesses. The 4Q16 net income attributed to shareholders included a $1.2 billion charge related
to the direct impact of markets. Excluding these items, 4Q17 net income attributed to shareholders decreased by $62 million compared with 4Q16. </FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The $82
million decrease in core earnings was due to higher core investment gains reported in 4Q16 ($180 million in 4Q16 compared with $100 million in 4Q17) and a $142 million release of provisions related to uncertain tax positions reported in 4Q16.
Partially offsetting these variances were strong growth in Asia and our wealth and asset management businesses, a reduction in equity hedging costs, and higher realized gains on AFS equity. Core earnings in 4Q17 included policyholder experience
charges of $34 million post-tax ($42 million pre-tax) compared with $43 million post-tax ($65 million pre-tax) in 4Q16. See table below for details on items excluded from core earnings. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>21</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Analysis of Net Income </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The table below reconciles net income attributed to shareholders to core earnings for the periods presented. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
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<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
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<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the quarters ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>4Q17</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">4Q16</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Core earnings</B><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP><B></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Asia Division</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>422</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">388</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Canadian Division</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>335</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">359</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">U.S. Division</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>550</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">471</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Corporate and Other (excluding expected cost of macro hedges and core investment gains)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(192</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(75</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Expected cost of macro hedges<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(10</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(36</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment-related experience in core earnings</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>100</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">180</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Core earnings</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,205</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,287</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment-related experience outside of core earnings</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>18</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Core earnings and investment-related experience outside of core earnings</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,223</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,287</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other items to reconcile core earnings to net income attributed to shareholders:</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Direct impact of equity markets and interest rates and variable annuity guarantee liabilities (see table
below)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(68</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,202</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Changes in actuarial methods and assumptions</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(33</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Charge related to U.S. Tax Reform</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,777</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Charge related to decision to change portfolio asset mix supporting our legacy businesses</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,032</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Integration and acquisition costs</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(18</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(25</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other items excluded from core earnings</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>99</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net income (loss) attributed to shareholders</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;(1,606</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">This item is a non-GAAP measure. See &#147;Performance and Non-GAAP Measures&#148; below. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Actual market performance differed from our valuation assumptions in 4Q17, which resulted in a macro hedge experience loss of $31 million. This loss is included in the direct impact of equity markets and interest rates
and variable annuity guarantee liabilities below. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We evaluate our divisions operating performance based on core earnings. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">In Asia, core earnings were $422 in 4Q17 million compared with $388 million in 4Q16. Core earnings in 4Q17 increased 15%, compared with 4Q16, after adjusting for the impact of changes in foreign currency exchange rates.
The increase in core earnings was driven by growth in new business volumes and solid in-force business growth, partially offset by unfavourable policyholder experience. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">In Canada, core earnings were $335 million in 4Q17 compared with $359 million in 4Q16. Core earnings in 4Q17 decreased 7%, compared with 4Q16. The decrease in core earnings reflected unfavourable policyholder experience
in retail insurance, the non-recurrence of prior year&#146;s gains from a reinsurance recapture and a number of other smaller items, partially offset by higher fee income in our wealth and asset management businesses. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">In the U.S., core earnings were $550 million in 4Q17 compared with $471 million in 4Q16. Core earnings in 4Q17 increased 17%, compared with 4Q16, driven by higher wealth and asset management earnings primarily from
higher average assets and an improvement in policyholder experience in Insurance. In addition, lower amortization of deferred acquisition costs on in-force variable annuity business and gains from policy-related items (compared to losses in 4Q16)
were partially offset by the non-recurrence of the release of uncertain tax provisions in 4Q16. Insurance policyholder experience improved compared to 4Q16, reflecting an improvement in life policyholder experience partially offset by more
unfavourable long-term care policyholder experience. The improvement in life policyholder experience was partially due to changes in mortality assumptions made as part of the 2017 annual review of actuarial methods and assumptions.
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Corporate and Other core loss excluding expected cost of macro hedges and core investment gains was $192 million in 4Q17 compared with $75 million in 4Q16. The $117 million unfavourable variance in core earnings
reflected the non- recurrence of a release of provisions and interest on uncertain tax positions in 4Q16. The remaining net unfavourable variance included higher strategic initiative expenses partially offset by lower expected macro hedging costs
and higher realized gains on AFS equities. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The expected cost of macro hedges was $10 million in 4Q17 compared with $36 million in 4Q16, a decrease of $26 million. The charges were lower in 4Q17 due to the improvement in markets. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Investment-related experience was $118 million in 4Q17 compared with $180 million in 4Q16. The gains in 4Q17 reflected the favourable impact of fixed income reinvestment activities on the measurement of our policy
liabilities and strong credit experience. The gains in 4Q16 reflected the favourable impact of fixed income reinvestment activities on the measurement of our policy liabilities. In 4Q17, $100 million was included in core earnings as core investment
gains compared with $180 million in 4Q16. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>22</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The gain (charge) related to the direct impact of equity markets and interest rates and variable annuity guarantee
liabilities in the table above is attributable to: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>4Q17</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">4Q16</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Direct impact of equity markets and variable annuity guarantee liabilities<SUP
STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>47</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(213</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Fixed income reinvestment rates assumed in the valuation of policy liabilities<SUP
STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(155</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(847</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Sale of AFS bonds and derivative positions in the Corporate and Other
segment</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>40</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(142</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Direct impact of equity markets and interest rates and variable
annuity guarantee liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;(68)</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;(1,202</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">In 4Q17, gains of $370 million from gross equity exposure were partially offset by charges of $219 million from dynamic hedging experience, $83 million from the expansion of our dynamic hedging program in Japan as a
risk reduction action, and $21 million from macro hedge experience, which resulted in a gain of $47 million. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The charge in 4Q17 for fixed income reinvestment assumptions was driven by increases in swap spreads and decreases in corporate spreads. </TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Sales </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Insurance sales</B></FONT><FONT STYLE="font-family:ARIAL"> were $1.0 billion in 4Q17, a decrease of 3% compared with 4Q16. In Asia, insurance sales increased 7% from 4Q16, driven by strong growth in
Singapore and Vietnam. In Canada, insurance sales declined 31% from 4Q16 as lower retail insurance sales reflected both 2017 pricing actions and higher prior year sales in advance of regulatory changes. In the U.S., life insurance sales increased by
8% from 4Q16 due to increased sales of term and universal life products, which were supported by the increasing popularity of our Vitality solution and several large-case variable universal life sales. </FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Wealth and Asset Management net flows</B></FONT><FONT STYLE="font-family:ARIAL"> were $3.7 billion in 4Q17, a decrease
of $2.4 billion compared with 4Q16. Positive net flows were generated across all divisions. The decrease compared with 4Q16 was primarily driven by lower net flows in institutional asset management due to a strong 4Q16 which benefited from three
large mandates in Canada and Japan totaling $7.9 billion, and to a lesser extent, lower sales in mainland China in 4Q17. This was partially offset by a significantly lower redemption rate in U.S. retail, as well as higher net flows in U.S.
institutional asset management and Canada retail. </FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>WAM gross flows
</B></FONT><FONT STYLE="font-family:ARIAL">were $32.9 billion in 4Q17, a decrease of 11% compared with 4Q16. The decrease was mainly due to fewer large institutional asset management mandates as noted above, as well as lower gross flows in mainland
China in 4Q17. This was partially offset by strong growth in Canada retail and higher gross flows across all our retirement businesses, particularly in the U.S., where we delivered solid sales in the mid-market segment. </FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Other Wealth sales</B></FONT><FONT STYLE="font-family:ARIAL"> were $2.1 billion in 4Q17, an increase of 25% compared
with 4Q16. In 4Q17, Other Wealth sales in Asia increased 53% from 4Q16, driven by strong sales of recently-launched customer solutions in Hong Kong and strong growth in Japan. In Canada, Other Wealth sales declined 11% from 4Q16 due to pricing
actions to de-emphasize certain product. </FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>23</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B><A NAME="mdatoc476443_3"></A>Performance by Division </B></FONT></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B><A NAME="mdatoc476443_4"></A>Asia Division </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT
 COLOR="#1f320c"><B>We are a leading provider of financial protection and wealth and asset management solutions in Asia, driven by a customer-centric strategy. Present in many of Asia&#146;s largest and fastest growing economies, we have operations
in Japan, Hong Kong, Macau, Singapore, mainland China, Taiwan, Indonesia, Vietnam, the Philippines, Malaysia, Cambodia and Thailand. We are strongly positioned to capitalize on the attractive underlying demographics of the region, underpinned by a
rigorous focus on creating value for our customers, employees and shareholders. </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Our portfolio includes a broad array of financial
protection products and services including life and health insurance and annuities. Our wealth and asset management offerings include mutual funds, retirement solutions and institutional asset management. We cater to the wealth and protection needs
of individuals and corporate customers through a diversified multi-channel distribution network, including approximately 73,000 contracted agents, over 100 bancassurance partnerships and 1,000 independent agents, financial advisors and brokers. Our
bank partnerships include a long-term, exclusive regional partnership with DBS in Singapore, Hong Kong, mainland China and Indonesia, which together with seven additional exclusive partnerships, gives us access to nearly 18 million active bank
customers. Our activities in Asia are supported by a team of around 12,000 employees. </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In 2017, Asia Division contributed 28% of the Company&#146;s total
premiums and deposits and, as at December&nbsp;31, 2017, accounted for 16% of the Company&#146;s assets under management and administration. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Financial Performance </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Asia Division reported
net income attributed to shareholders of $1,849 million in 2017 compared with $1,141 million in 2016. Net income attributed to shareholders is comprised of core earnings, which was $1,663 million in 2017 compared with $1,495 million in 2016, and
items excluded from core earnings, which amounted to a net gain of $186 million for 2017 compared with a net charge of $354 million in 2016. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Expressed in U.S.
dollars, the presentation currency of the division, net income attributed to shareholders was US$1,417 million in 2017 compared with US$863 million in 2016 and core earnings were US$1,283 million in 2017 compared with US$1,129 million in 2016. Items
excluded from core earnings amounted to a net gain of US$134 million in 2017 compared with a net charge of US$266 million in 2016, primarily driven by the net change of US$328 million from the direct impact of equity markets and interest rates and
variable annuity guarantee liabilities. (See details in the footnotes of the table below.) </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Core earnings in 2017 increased 16% compared with 2016 after adjusting for
the impact of changes in foreign currency exchange rates. The increase in core earnings was driven by double-digit growth in new business volumes and solid in-force business growth, partially offset by a charge related to policyholder experience in
2017 compared with a gain in 2016, and the non-recurrence of gains related to two separate reinsurance treaties in 2016. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The table below reconciles net income
attributed to shareholders to core earnings for the Asia Division for 2017, 2016 and 2015. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>Canadian $</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>US $</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Core earnings</B><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP><B></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,663</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,495</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,234</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,283</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;1,129</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">963</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Items to reconcile core earnings to net income attributed to shareholders:</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Direct impact of equity markets and interest rates and variable annuity guarantee liabilities<SUP
STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>14</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(433</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(174</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(326</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(134</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Investment-related experience related to fixed income trading, market value increases in excess of expected
alternative assets investment returns, asset mix changes and credit experience</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>241</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">91</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>186</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other items excluded from core earnings<SUP
STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(69</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(12</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(54</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(9</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net income attributed to shareholders</B><SUP
STYLE="font-size:85%; vertical-align:top">(1)</SUP> <B></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;1,849</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;1,141</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;1,105</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;1,417</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">863</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;865</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">This item is a non-GAAP measure. See &#147;Performance and Non-GAAP Measures&#148; below. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The direct impact of equity markets and interest rates is relative to our policy liability valuation assumptions and includes changes to interest rate assumptions. The net gain of $14 million in 2017 (2016 &#150; net
charge of $433 million) consisted of a $47 million gain (2016 &#150; $24 million charge) related to variable annuities that are not dynamically hedged, a gain of $130 million (2016 &#150; $80 million charge) on general fund equity investments
supporting policy liabilities and on fee income, a $151 million charge (2016 &#150; $259 million charge) related to fixed income reinvestment rates assumed in the valuation of policy liabilities and a $12 million charge (2016 &#150; $70 million
charge) related to variable annuity guarantee liabilities that are dynamically hedged. The amount of variable annuity guaranteed value that was dynamically hedged at the end of 2017 was 92% (2016 &#150; 67%). Our variable annuity guarantee dynamic
hedging strategy is not designed to completely offset the sensitivity of policy liabilities to all risks associated with the guarantees embedded in these products. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Other in 2017 includes the integration costs in relation to the acquisition of Standard Chartered&#146;s MPF and Occupational and Retirement Schemes Ordinance businesses in Hong Kong in November 2016 and restructuring
costs in Thailand. Other in 2016 includes the integration costs in relation to the acquisition of Standard Chartered&#146;s MPF and Occupational and Retirement Schemes Ordinance businesses in Hong Kong in November 2016 and restructuring costs in
Indonesia, partly offset by the impact of tax rate change on the deferred tax liabilities in Japan. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>24</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Sales </B></FONT><FONT STYLE="font-family:ARIAL; font-size:7pt" COLOR="#2a517f"><I>(<FONT
STYLE="font-family:ARIAL">all percentages quoted are on a constant currency basis</FONT>)</I></FONT><FONT STYLE="font-family:ARIAL; font-size:10.5pt" COLOR="#2a517f"><B> </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Insurance sales</B></FONT><FONT STYLE="font-family:ARIAL"> in 2017 were US$2.3 billion, an increase of 17% compared
with 2016, driven by continued growth in most of the territories in which we operate. Sales in Japan of US$728 million were 19% higher than prior year driven by strong growth in our Corporate products and a new product launch. Hong Kong sales of
US$466 million were at similar level of 2016 as higher sales from new product launches were offset by a reduction in sales to mainland Chinese visitors. Asia Other (excludes Japan and Hong Kong) sales of US$1,113 million increased 25% compared with
2016 reflecting strong double-digit growth in Singapore, mainland China, Vietnam and Cambodia, and continued growth in the Philippines, partially offset by lower sales in Indonesia and Thailand. </FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Other Wealth sales</B></FONT><FONT STYLE="font-family:ARIAL"> in 2017 were US$4.0 billion, an increase of 10% compared
with 2016. Other Wealth sales growth was mainly driven by Hong Kong reflecting the success of the recently launched customer solutions, partially offset by lower single premium sales through bancassurance channels in Japan. </FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Annualized premium equivalent (&#147;APE&#148;)<SUP STYLE="font-size:85%; vertical-align:top">1</SUP> sales</B></FONT><FONT
STYLE="font-family:ARIAL"> in 2017 were US$2,887 million, 18% higher than 2016 driven by double-digit growth in most territories. APE sales included insurance sales of US$2,307 million and other wealth APE sales of US$580 million, up 17% and 21%,
respectively, from 2016. Japan APE sales in 2017 were US$1,102 million, an increase of 12% compared with 2016 as strong growth in our Corporate and foreign-currency denominated products was partially offset by lower single premium other wealth sales
through bancassurance channels. Hong Kong APE sales in 2017 were US$584 million, an increase of 18% compared with 2016, benefiting from strong sales of our newly-launched customer solutions. Both our agency and bank channels experienced double-digit
growth. Asia Other (excludes Japan and Hong Kong) APE sales in 2017 were US$1,201 million, an increase of 24% compared with 2016. We experienced double-digit growth in Singapore, mainland China, Vietnam and Cambodia, and continued growth in the
Philippines, partially offset by lower sales in Indonesia and Thailand. Singapore and mainland China grew 29% and 48%, respectively, compared with 2016. </FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Wealth and Asset Management (&#147;WAM&#148;) gross flows</B></FONT><FONT STYLE="font-family:ARIAL"> of US$21.5 billion in 2017 were US$1.9 billion or 11% higher than 2016, driven by strong retail flows
from money market funds in mainland China, solid retail flows in Japan, Hong Kong, Singapore, Indonesia and Malaysia, and increased retirement flows in Hong Kong and Indonesia. These were partially offset by lower flows from institutional asset
management. Japan WAM gross flows of US$526 million in 2017 doubled compared with 2016, driven by strong mutual fund sales, reflecting bank distribution channel expansion and continued success of existing fund solutions. Hong Kong WAM gross flows of
US$3.9 billion in 2017 increased 48% compared with 2016, driven by growth in both retail and retirement distribution channels, including the successful Mandatory Provident Fund partnership with Standard Chartered Bank. Asia Other (excludes Japan and
Hong Kong) WAM gross flows of US$12.5 billion in 2017 increased 23% compared with 2016, reflecting an increase in money market gross flows in mainland China, strong retail gross flows in Singapore, Indonesia and Malaysia, and strong retirement gross
flows in Indonesia. Institutional asset management gross flows in 2017 of US$4.6 billion decreased 29% compared with 2016, due to the sale of a large mandate in Japan in 4Q16. </FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Wealth and Asset Management net flows </B></FONT><FONT STYLE="font-family:ARIAL">were US$5.1 billion in 2017, compared
with of US$6.4 billion in 2016. The decline was driven by higher redemptions of money market funds in mainland China and the non-recurrence of a large institutional mandate sold in 2016. </FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Sales<SUP STYLE="font-size:85%; vertical-align:top"></SUP></B><SUP STYLE="font-size:85%; vertical-align:top"></SUP></FONT><FONT
STYLE="font-family:ARIAL; font-size:6pt" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">(1)<B></B></SUP><B> </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="49%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>Canadian $</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>US $</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Insurance sales</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,995</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,651</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,930</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,307</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,002</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,507</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other wealth sales</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5,150</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,940</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,885</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,975</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,726</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,022</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Annualized premium equivalent (&#147;APE&#148;) sales</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,747</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,305</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,354</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,887</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,498</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,836</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Wealth and asset management gross flows</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;27,801</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;25,970</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;22,247</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;21,490</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;19,610</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;17,373</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Wealth and asset management net flows</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>6,573</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">8,372</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">7,949</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>5,097</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">6,365</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">6,213</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Effective January&nbsp;1, 2017, the operations of Investment Division&#146;s external asset management businesses (MAM) has been reported in the respective Divisional results. Previously, they were reported in the
Corporate and Other segment. The 2016 and 2015 wealth and asset management gross flows and wealth and asset management net flows have been restated to reflect the inclusion of MAM in the Division&#146;s results. </TD></TR></TABLE>
<P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Annualized premium equivalent (&#147;APE&#148;) sales is a metric commonly used in Asia and is comprised of Insurance sales plus 100% of regular premiums/ deposits and 10% of single premiums/ deposits for other wealth
products. APE is a non-GAAP measure. See &#147;Performance and Non-GAAP Measures&#148; below. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>25</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Revenue </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Total revenue in 2017 of US$16.6 billion increased US$2.0 billion compared with 2016, of which $1.4 billion related to a net increase in realized and unrealized
investment gains, primarily due to the impact of the decline in interest rates. Revenue before net realized and unrealized investment gains increased US$0.7 billion compared with 2016, and included an increase in net premium income of US$0.4
billion, primarily driven by the strong growth of new business premiums that augmented the stable growth of in-force business, partly offset by a decline in single premium sales in Japan. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Revenue </B></FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="49%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>Canadian $</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>US $</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net premium income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>15,713</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">15,585</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">11,495</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>12,117</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">11,757</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">8,953</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,029</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,853</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,519</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,564</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,400</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,188</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other revenue</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,739</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,566</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,434</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,339</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,185</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,121</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Revenue before net realized and unrealized investment gains and losses</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>19,481</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,004</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,448</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>15,020</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,342</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,262</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net realized and unrealized investment gains and losses</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,051</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">290</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(446</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,569</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">204</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(365</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total revenue</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;21,532</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;19,294</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;14,002</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;16,589</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;14,546</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;10,897</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Premium and Deposits </B></FONT><FONT STYLE="font-family:ARIAL; font-size:7pt"><I>(all percentages quoted are
on a constant currency basis)</I></FONT><FONT STYLE="font-family:ARIAL; font-size:10.5pt" COLOR="#2a517f"><B> </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Premium and deposits for 2017 were US$36.3
billion, an increase of 11% compared with 2016. Premiums and deposits for insurance products in 2017 were US$10.9 billion, an increase of 13% compared with 2016, driven by strong sales growth and recurring premium growth from in-force business.
Wealth and Asset Management premiums and deposits in 2017 were US$21.5 billion, an increase of 11%, compared with 2016, driven by strong retail flows from money market funds in mainland China, solid retail flows in Japan, Hong Kong, Singapore,
Indonesia and Malaysia, and increased retirement flows in Hong Kong and Indonesia. These were partially offset by lower flows from institutional asset management. Other Wealth premiums and deposits in 2017 were US$4.0 billion, 11% higher than 2016,
driven by the success of new product launches partially offset by lower sales through bancassurance channels in Japan. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Premiums and
Deposits</B><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP> <B> </B></FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>Canadian $</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>US $</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Insurance products</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>14,097</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">12,947</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">9,431</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>10,875</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">9,771</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">7,356</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Wealth and asset management products</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>27,801</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25,970</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,247</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>21,490</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,610</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,374</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other wealth products</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>5,141</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">4,883</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">3,875</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,968</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">3,683</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">3,015</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total premiums and deposits</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;47,039</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;43,800</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;35,553</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;36,333</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;33,064</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;27,745</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Effective January&nbsp;1, 2017, the operations of Investment Division&#146;s external asset management businesses (MAM) are being reflected in the respective Divisional results. Previously, they were reported in the
Corporate and Other segment. The 2016 and 2015 premiums and deposits have been restated to reflect the inclusion of MAM in the Division&#146;s results. </TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Assets under Management </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Asia Division assets
under management were US$129.9 billion as at December&nbsp;31, 2017, an increase of 20% compared with December&nbsp;31, 2016, driven by net customer inflows of US$13.3 billion and by market growth during 2017. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Assets under Management</B><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP> <B> </B></FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>Canadian $</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>US $</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">General fund</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>73,856</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">63,370</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">54,237</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>58,869</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">47,188</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">39,184</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Segregated funds</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>25,921</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,644</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,385</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>20,652</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18,341</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,612</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Mutual and other funds</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>36,063</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29,593</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26,482</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>28,743</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,042</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,133</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Institutional asset management</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>27,096</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">23,600</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">17,772</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>21,597</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">17,577</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">12,840</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total assets under management</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;162,936</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;141,207</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;122,876</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;129,861</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;105,148</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;88,769</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Effective January&nbsp;1, 2017, the operations of Investment Division&#146;s external asset management businesses (MAM) are being reflected in the respective Divisional results. Previously, they were reported in the
Corporate and Other segment. The 2016 and 2015 assets under management have been restated to reflect the inclusion of MAM in the Division&#146;s results. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>26</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Strategic Highlights </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Asia continues to be a core driver of growth for Manulife, supported by a clear strategy, a focus on execution, a strong team and compelling economic backdrop. We aim to
create extraordinary interactions with customers through our multi-channel platform and integrated life, health, wealth and retirement solutions. Customers engage with Manulife through our professional agency force, high-quality partnerships,
multiple digital platforms and independent advisors. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In 2017, we made progress on expanding our distribution reach, accelerating our growth, driving scale and cost
efficiencies and enhancing customer experience. We expanded our distribution reach by: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">building on our strengths in bancassurance, we entered into two new 15-year exclusive partnerships &#150; with Techcombank in Vietnam and ABA Bank in Cambodia &#150; that together provide access to over 1.5&nbsp;million
prospective customers and more than 300 branches; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">leveraging our existing partnerships and agency force to enhance distribution of mutual funds and investment-linked solutions to our customers; and </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">adding a number of managing general agencies to our existing network and launching a digital platform to support retirement planning in Japan. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In 2017, we rolled out a number of key initiatives to accelerate our growth. These initiatives included: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">engaging with our customers through our award-winning ManulifeMOVE wellness program that rewards customers for living active lifestyles, which has been further enhanced through our strategic partnership with Apple;
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">launching our partnership with NBA China as the Official Life Insurance Partner of NBA 5v5 to accelerate our health and wellness agenda; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">strengthening our market position as the largest Hong Kong Mandatory Provident Fund (&#147;MPF&#148;) scheme sponsor<SUP STYLE="font-size:85%; vertical-align:top">1</SUP>, through the integration of our 15-year
exclusive MPF distribution partnership with Standard Chartered Bank, combined with continued organic growth; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">obtaining the first Investment Company Wholly Foreign-Owned Enterprise licence in mainland China; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">becoming one of six domestic managers to obtain a Funds of Funds (&#147;FOF&#148;) licence in mainland China, with the first FOF launched in the fourth quarter and distributed primarily through Bank of China;
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">signing a memorandum of understanding with Agricultural Bank of China to explore business opportunities in furthering our objective of delivering retirement solutions in mainland China; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">completing two additional equity raises for our Singapore-listed U.S. real estate investment trust (&#147;REIT&#148;); and </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">establishing a trust company in the Philippines, which extends our offerings to include wealth and asset management solutions. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In 2017, we also showed encouraging progress to enhance our customer experience and to drive cost efficiency by taking the following actions: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">enhancing digital financial planning and electronic point-of-sales tools to support our distribution channels and advisors to deliver holistic product offerings and help build long-lasting customer relationships;
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">implementing process automation technology including auto-underwriting, straight-through processing and eClaims to improve customer experience and increase efficiency; and </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">restructuring our Thailand operations to become the pilot location for digital sales and closing all its non-digital new business channels. </TD></TR></TABLE>
<P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Source: Mercer MPF Report as at September&nbsp;29, 2017 [to be updated to end of December 2017 position once information is available]. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>27</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B><A NAME="mdatoc476443_5"></A>Canadian Division </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Serving one in three adult Canadians, we are a leading financial services organization in Canada. We offer a diverse range of financial
protection, wealth and asset management and banking solutions through a diversified multi-channel distribution network, supported by a team of almost 9,500 employees. The comprehensive solutions we offer target a broad range of customer needs and
foster holistic long-lasting relationships. </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>We offer financial protection solutions to middle- and upper-income individuals,
families, and business owners through a combination of competitive products, professional advice and quality customer service. Products include universal life, term life, whole life, living benefits and fixed and variable annuities. We also provide
group life, health and disability insurance solutions to Canadian employers; more than 21,000 Canadian businesses and organizations entrust their employee benefit programs to Manulife&#146;s Group Benefits. Life, health and specialty products, such
as travel insurance, are also offered through partnerships, sponsor groups and associations, as well as direct-to-customer marketing. </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Our wealth and asset management offerings include mutual funds, exchange traded funds, retirement solutions and institutional asset management.
Our retail customer base spans the investor spectrum, from those just starting to build their financial portfolio to individuals and families with complex retirement and estate planning needs. We provide personalized investment management, private
banking and estate solutions to affluent clients. We provide Group Retirement solutions to more than 10,000 Canadian employers, through defined contribution plans, deferred profit sharing plans, non-registered savings plans and employee share
ownership plans. Through Manulife Asset Management, we also provide asset management solutions to institutional clients, covering a range of asset classes. </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Manulife Bank offers flexible debt and cash flow management solutions as part of a customer&#146;s overall financial plan. Products include
savings and chequing accounts, GICs, lines of credit, investment loans, mortgages and other specialized lending programs, offered through financial advisors supported by a broad distribution network. </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In 2017, Canadian Division contributed 22% of the Company&#146;s total premiums and deposits and, as at December&nbsp;31, 2017, accounted for 26% of the Company&#146;s
assets under management and administration. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Financial Performance </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Canadian Division&#146;s full year 2017 net income attributed to shareholders was $757 million compared with $1,486 million in 2016, core earnings were $1,465 million in
2017 compared with $1,384 million in 2016. Items excluded from core earnings amounted to a net charge of $708 million in 2017 and included a $343 million charge related to the decision to change the portfolio asset mix supporting our legacy
businesses. Other items excluded from core earnings netted to a charge of $365 million compared with a net gain of $102 million in 2016, and are outlined in the table below. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Core earnings increased $81 million or 6% compared with 2016, reflecting higher fee income in our wealth and asset management businesses from higher average asset levels
and a tax benefit primarily related to the release of provisions for uncertain tax positions. These items were partially offset by unfavourable policyholder experience, primarily due to higher claims in our group benefits long-term disability
business. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The table below reconciles net income attributed to shareholders to core earnings for the Canadian Division for 2017, 2016 and 2015. </P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Core earnings</B><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP><B></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;1,465</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;1,384</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;1,252</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Items to reconcile core earnings to net income attributed to shareholders:</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Investment-related experience related to fixed income trading, market value increases in excess of expected
alternative assets investment returns, asset mix changes and credit experience</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(98</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(114</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(391</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Direct impact of equity markets and interest rates and variable annuity guarantee liabilities<SUP
STYLE="font-size:85%; vertical-align:top">(2) </SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(227</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">270</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(283</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Net impact of acquisitions and divestitures</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(40</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(54</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(59</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Charge related to decision to change portfolio asset mix supporting our legacy businesses</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(343</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other items excluded from core earnings</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(39</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net income attributed to shareholders</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>757</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1,486</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">480</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">This item is a non-GAAP measure. See &#147;Performance and Non-GAAP Measures&#148; below. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The direct impact of equity markets and interest rates is relative to our policy liability valuation assumptions and includes changes to interest rate assumptions. The gain of $227 million in 2017 (2016 &#150; $270
million charge) consisted of a $35 million gain (2016 &#150; $97 million gain) on general fund equity investments supporting policy liabilities, a $210 million charge (2016 &#150; $277 million gain) related to fixed income reinvestment rates assumed
in the valuation of policy liabilities, a $1 million gain (2016&nbsp;&#150; $nil) related to unhedged variable annuities and a $53 million charge (2016 &#150; $104 million charge) related to variable annuity guarantee liabilities that are
dynamically hedged. The amount of variable annuity guaranteed value that was dynamically hedged at the end of 2017 was 81% (2016 &#150; 85%). Our variable annuity guarantee dynamic hedging strategy is not designed to completely offset the
sensitivity of policy liabilities to all risks associated with the guarantees embedded in these products. </TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Sales
</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Insurance sales</B></FONT><FONT STYLE="font-family:ARIAL"> were $1,106 million in 2017, an increase of
$413 million compared with 2016, driven by large-case sales in our group benefits business. This was partially offset by lower retail insurance sales due to pricing actions in 2017 and higher prior year sales in advance of regulatory changes. Retail
insurance sales in 2017 of $168 million decreased 29% compared with 2016, reflecting pricing actions in 2017 and higher universal life sales in 2016 in anticipation of regulatory changes that took effect in the first quarter of 2017.
</FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>28</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
Institutional Markets sales in 2017 of $938 million increased $480 million compared with 2016, driven by strong sales across all segments in our group benefits business, especially in the
large-case segment, where large-case sales are inherently variable. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Wealth and Asset Management gross
flows</B></FONT><FONT STYLE="font-family:ARIAL"> in 2017 were $23.2 billion, a decrease of $1.5 billion or 6% compared with 2016, driven by lower gross flows in institutional asset management, partially offset by strong gross flows in retail. Retail
gross flows of $11.3 billion in 2017 increased 15% compared with 2016, driven by strong sales across equity and balanced asset classes. Retirement gross flows of $7.1 billion in 2017 decreased 2% compared with 2016, mainly due to several large-case
sales made in 2016 partially offset by growth in recurring contributions. Institutional asset management gross flows were $4.8 billion, a decrease of 37% compared with 2016 which benefited from the funding of two large mandates totaling $4.2
billion. </FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Wealth and Asset Management net flows </B></FONT><FONT STYLE="font-family:ARIAL">in 2017 were $3.1
billion, down from $8.4 billion in 2016 driven by a few large redemptions in retirement and institutional asset management and lower gross flows as mentioned above. </FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Other Wealth sales</B></FONT><FONT STYLE="font-family:ARIAL"> declined due to actions to de-emphasize fixed and higher
risk segregated fund product sales. Other wealth sales in 2017 were $2.9 billion, a decrease of 10% compared with 2016. Segregated fund product<SUP STYLE="font-size:85%; vertical-align:top">1</SUP> sales in 2017 were $2.4 billion, a decrease of 4%
compared with 2016 for the same reasons noted above. We are focused on growth in lower risk segregated fund products and delivered a 28% increase in sales for such products from $1,273 million in 2016 to $1,625 million or 28% in 2017. Fixed product
sales in 2017 were $511 million, a decrease of 29% compared with 2016 for the same reasons noted above. </FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Manulife Bank</B></FONT><FONT STYLE="font-family:ARIAL"> net lending assets were $20.4 billion as at December&nbsp;31,
2017, up $1.0 billion or 5% from December&nbsp;31, 2016. Manulife Bank new lending volumes in 2017 were $4.4 billion, an increase of 35% compared with 2016, driven by actions to broaden our distribution channels. </FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Sales<SUP STYLE="font-size:85%; vertical-align:top"></SUP></B><SUP STYLE="font-size:85%; vertical-align:top"></SUP></FONT><FONT
STYLE="font-family:ARIAL; font-size:7pt" COLOR="#2a517f"><SUP STYLE="font-size:85%; vertical-align:top">(1)<B></B></SUP><B> </B></FONT></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="67%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Retail markets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>168</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">235</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">181</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Institutional markets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>938</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">458</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">644</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Insurance products</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,106</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">693</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">825</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Wealth and asset management gross flows</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;23,168</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;24,657</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;27,793</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Wealth and asset management net flows</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,095</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,358</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,271</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other wealth products</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,908</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">3,219</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">3,609</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Effective January&nbsp;1, 2017, the operations of Investment Division&#146;s external asset management businesses (MAM) are being reflected in the respective Divisional results. Previously, they were reported in the
Corporate and Other segment. The 2016 and 2015 wealth and asset management gross flows and wealth and asset management net flows have been restated to reflect the inclusion of MAM in the Division&#146;s results. </TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Revenue </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Revenue of $12.9 billion in 2017
increased $0.2 billion from $12.7 billion in 2016. Revenue before net realized and unrealized gains and losses of $12.3 billion in 2017 decreased $0.1 billion from $12.4 billion in 2016 due to lower premium income. Other income was $3.5 billion, in
line with 2016. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Revenue </B></FONT></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="69%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net premium income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,765</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,972</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,430</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,968</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,938</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,247</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other revenue</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,517</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">3,480</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">3,124</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Revenue before net realized and unrealized gains (losses)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>12,250</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,390</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,801</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net realized and unrealized gains (losses)<SUP
STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>605</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">317</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(736</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total revenue</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;12,855</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;12,707</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;10,065</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">See &#147;Financial Performance &#150; Impact of Fair Value Accounting&#148; above. </TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Premiums
and Deposits </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Premiums and deposits of $35.6 billion in 2017 were 5% lower than the 2016 level of $37.6 billion, primarily due to the funding of two large
institutional asset management mandates in 2016, partially offset by strong flows in retail wealth. Insurance products&#146; premiums and deposits in 2017 were $12.1 billion, or 2%, below the prior year due to a large Group Benefits single premium
deposit in 2016. Premiums and deposits for wealth and asset management businesses and other wealth products were $23.2 billion and $2.9 billion, respectively, compared with $24.7 billion and $3.2 billion, respectively, in 2016. The decrease is due
to the institutional mandates noted above. </P> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Segregated fund products include guarantees. These products are also referred to as variable annuities. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>29</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Premiums and Deposits<SUP STYLE="font-size:85%; vertical-align:top"></SUP></B><SUP
STYLE="font-size:85%; vertical-align:top"></SUP></FONT><FONT STYLE="font-family:ARIAL; font-size:6pt" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">(1)<B></B></SUP><B> </B></FONT></P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="67%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Insurance products</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>12,104</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">12,380</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">11,551</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Wealth and asset management products</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>23,168</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24,657</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27,793</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other wealth products</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,908</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,219</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,609</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Less: mutual funds held by segregated funds</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(2,566</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(2,626</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(2,290</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total premiums and deposits</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;35,614</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;37,630</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;40,663</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Effective January&nbsp;1, 2017, the operations of Investment Division&#146;s external asset management businesses (MAM) are being reflected in the respective Divisional results. Previously, they were reported in the
Corporate and Other segment. The 2016 and 2015 premiums and deposits have been restated to reflect the inclusion of MAM in the Division&#146;s results. </TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Assets under Management </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Assets under
management of $278 billion as at December&nbsp;31, 2017 grew by $15.0 billion or 6% from $263.3 billion at December&nbsp;31, 2016, driven by strong growth in our wealth and asset management businesses. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Assets under Management</B><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP><B> </B></FONT></P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="69%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">General fund</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>112,066</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">110,427</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">103,560</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Segregated funds</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>102,727</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">97,220</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">92,447</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Mutual and other funds</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>57,663</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,177</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44,884</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Less: mutual funds held by segregated funds</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(25,127</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(22,983</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(21,587</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Institutional asset management</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>30,888</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">28,419</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">23,092</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total assets under management</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;278,217</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;263,260</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;242,396</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Effective January&nbsp;1, 2017, the operations of Investment Division&#146;s external asset management businesses (MAM) are being reflected in the respective Divisional results. Previously, they were reported in the
Corporate and Other segment. The 2016 and 2015 assets under management have been restated to reflect the inclusion of MAM in the Division&#146;s results. </TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Strategic Highlights </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We believe that Canadians
are seeking a simpler customer experience using digital solutions to fulfill their growing demand for health and wealth solutions. In 2017, we took steps towards fulfilling these needs and we continued to focus on identifying easier ways for
customers to do business with us, as we modernize our product and service offerings. These steps included: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">being the first Canadian insurer to offer all group claims submissions online and through mobile in addition to traditional channels, allowing customers to transact with Manulife how they want to; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">introducing a combined group benefits and retirement mobile application, with ease of a single login and an enhanced customer experience for plan members; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">implementing Amazon Alexa technology in Group Benefits, allowing customers to inquire about benefit account balances without needing to call or login, which also incorporates &#147;Manulife IQ&#148; &#150; a financial
literacy tool;</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">enabling fingerprint identification technology for Manulife Bank, Group Benefits and Retirement customers, allowing them easy and convenient access to account information via our mobile applications; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">launching a Manulife Bank mobile deposit capture, designed to make depositing more convenient for customers; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">launching an online tool for submitting life insurance applications, increasing efficiency and reducing application errors; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">enhancing the Vitality product feature, through the launch of Manulife Vitality Active Rewards with Apple Watch program &#150; the Vitality program allows Canadians to save on premiums and earn valuable rewards by
taking steps toward healthy living; and </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">extending our partnership with Excellence Canada as their Champion of Excellence for Mental Health at Work, reinforcing our continued commitment to improving mental health across the country. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In 2017, we also continued to accelerate growth in our higher-return businesses and expand our solutions portfolio as we: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">increased sales in Group Benefits and improved new business margins on insurance products; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">launched 6 new exchange traded funds (&#147;ETFs&#148;) focused on multi-factor investment strategies in Canadian, U.S. and international equities, which provide our investors access to the ETF market to complement our
existing product offerings; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">introduced 4 new asset allocation portfolios, which streamline and simplify our existing mutual fund offering to help Canadians reach their investment goals; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">increased Manulife Bank&#146;s lending volumes and net lending assets; and </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">completed the integration of Standard Life Canada. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Canadian Division remains focused on building and fostering holistic
long-lasting relationships by expanding and integrating our wealth, insurance and banking solutions to meet customers&#146; needs and by leveraging the strength of our group business franchise. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>30</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B><A NAME="mdatoc476443_6"></A>U.S. Division </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Operating under the John Hancock brand in the U.S., our product suite includes wealth and asset management and financial protection products
distributed primarily through affiliated and non-affiliated licenced financial advisors and is supported by a team of approximately 6,200 employees. </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT
 COLOR="#1f320c"><B>Our John Hancock wealth and asset management offerings include a broad range of products and services focused on individuals and business markets, as well as institutional oriented products. John Hancock Investments (&#147;JH
Investments&#148;) offers a variety of mutual funds, Undertakings for Collective Investment in Transferrable Securities (&#147;UCITS&#148;), exchange traded funds (&#147;ETFs&#148;), and 529 College Savings plans. John Hancock Retirement Plan
Services (&#147;JH RPS&#148;) provides employer sponsored retirement plans for companies ranging from start-ups to some of the largest corporations in America as well as servicing personal retirement accounts for former client employees. Through
Manulife Asset Management, we provide asset management solutions to institutional clients, covering a range of asset classes. </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>John Hancock Insurance (&#147;JH Insurance&#148;) offers a broad portfolio of insurance products, including universal, variable, whole, and term
life insurance designed to provide estate, business, income protection and retirement solutions for high net worth and emerging affluent markets. We manage an in-force block of long-term care insurance which is designed to cover the cost of
long-term services and support. </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>We also manage an in-force block of fixed deferred, variable deferred, and payout annuity
products. </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In 2017, U.S. Division contributed 50% of the Company&#146;s total premiums and deposits and, as at December&nbsp;31, 2017, accounted for 58% of
the Company&#146;s assets under management and administration. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Financial Performance </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">U.S. Division reported a net loss attributed to shareholders of $296 million in 2017 compared with net income attributed to shareholders of $1,134 million in 2016. Net
income attributed to shareholders is comprised of core earnings, which was $1,962 million in 2017 compared with $1,615 million in 2016, and items excluded from core earnings, which amounted to a net charge of $2,258 million in 2017 compared with a
net charge of $481 million in 2016. Net income attributed to shareholders included charges of $3,203 million related to the impact of U.S. Tax Reform and the decision to change the portfolio asset mix supporting our legacy businesses. In addition to
the items described below, the change in core earnings reflected a net $46 million unfavourable currency impact from the weakening of the U.S. dollar compared with the Canadian dollar. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Expressed in U.S. dollars, the functional currency of the division, 2017 net loss attributed to shareholders was of US$283 million compared with net income attributed to
shareholders of US$865 million in 2016 and core earnings were US$1,513 million in 2017 compared with US$1,218 million in 2016. Items excluded from core earnings netted to a charge of US$1,796 million in 2017 and included a US$1,977 million charge
related to the impact of U.S. Tax Reform and a US$542 million charge related to the decision to change the portfolio asset mix supporting our legacy businesses. Other items excluded from core earnings netted to a gain of US$723 million compared with
a net charge of US$353 million in 2016, and are outlined in the table below. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The US$295 million increase in core earnings was driven by improved policyholder
experience in life and long-term care and policyholder experience gains in annuities. In addition, higher wealth and asset management earnings primarily from higher average assets, lower amortization of deferred acquisition costs on in-force
variable annuity business and an improvement in policy-related items were partially offset by the non-recurrence of the release of provisions for uncertain tax positions in 2016. Improved policyholder experience losses in life and long-term care
were due, in part, to changes in actuarial methods and assumptions. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The table below reconciles net income attributed to shareholders to core earnings for the U.S.
Division for 2017, 2016 and 2015. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


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<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:7pt">($ millions)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>Canadian $</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>US $</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Core earnings</B><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP><B></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;1,962</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,615</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,466</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;1,513</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;1,218</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;1,149</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Items to reconcile core earnings to net income attributed to shareholders:</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Investment-related experience related to fixed income trading, market value increases in excess of expected
alternative assets investment returns, asset mix changes and credit experience</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>343</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">149</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(125</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>263</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">122</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(91</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Direct impact of equity markets and interest rates and variable annuity guarantee liabilities<SUP
STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>505</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(516</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">164</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>385</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(388</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">117</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Charge related to U.S. Tax Reform</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(2,514</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,977</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Charge related to decision to change portfolio asset mix supporting our legacy businesses</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(689</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(542</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other items excluded from core earnings<SUP
STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>97</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(114</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(45</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>75</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(87</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(37</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net income (loss) attributed to shareholders</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(296</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;1,134</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;1,460</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(283</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">865</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1,138</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">This item is a non-GAAP measure. See &#147;Performance and Non-GAAP Measures&#148; below. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:7pt">The direct impact of equity markets and interest rates is relative to our policy liability valuation assumptions and
includes changes to interest rate assumptions. Our variable annuity guarantee dynamic hedging strategy is not designed to completely offset the sensitivity of policy liabilities to all risks associated with the guarantees embedded in these products.
The US$385 million gain in 2017 (2016 &#150; US$388 million charge) consisted of a US$1,114 million gain (2016 &#150; US$86 million charge) related to variable annuities that are dynamically hedged, a US$46 million gain (2016 &#150; US$5 million
gain) on general fund equity investments supporting policy liabilities, </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>31</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
a US$123 million gain (2016 &#150; US$16 million charge) related to variable annuities that are not dynamically hedged, and a US$102million gain (2016 &#150; US$291 million charge) related to
fixed income reinvestment rates assumed in the valuation of policy liabilities. The amount of variable annuity guaranteed value that was dynamically hedged or reinsured at the end of 2017 was 94% (2016 &#150; 94%). </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The 2017 gain of US$75 million included a gain resulting from an internal legal entity restructuring partially offset by a provision for a legal settlement. The 2016 charge of US$87 million relates primarily to the
intangible asset distribution network write-off in the JH Long Term Care business. The 2015 charge of US$37 million related to one-time integration costs associated with the acquisition of New York Life&#146;s pension business. </TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Sales and Gross Flows </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c"><B>U.S. Life Insurance sales</B></FONT><FONT STYLE="font-family:ARIAL"> in 2017 of US$464 million represented an increase of 11% compared with 2016, reflecting robust term sales driven by competitive
pricing, expanded distribution reach and the growing popularity of the Vitality feature, as well as more modest increases in sales of both international and universal life (&#147;UL&#148;) products. The International sales growth was driven by
success in the high net worth market and sales in advance of a price increase, while the UL increase was driven by success of our flagship Protection UL, aided by the popularity of Vitality. Variable UL full year sales were consistent with the prior
year despite competitive pressures. </FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Wealth and Asset Management gross flows</B></FONT><FONT
STYLE="font-family:ARIAL"> in 2017 were US$56.4 billion, an increase of US$3.8 billion or 7% compared with 2016, with year-over-year growth delivered across all business units. Retail 2017 gross flows of US$27.7 billion increased 6% compared with
2016, driven by higher gross flows from fixed income international equity products, increased institutional platform allocations across multiple strategies, and strong fund performance. Retirement 2017 gross flows of US$24.0 billion increased 3%
compared with 2016, due to higher sales in mid-market and consistent ongoing contributions from both the small- and mid-case retirement markets. Institutional asset management 2017 gross flows of US$4.8 billion increased 46% compared with 2016,
primarily driven by increased sales of equity and fixed income products. </FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Wealth and Asset Management net
flows </B></FONT><FONT STYLE="font-family:ARIAL">in 2017 were US$6.0 billion, compared with negative net flows of US$1.1 billion in 2016, driven by higher gross flows as mentioned above and a significant improvement in retail redemptions.
</FONT></P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Sales</B><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP><B> </B></FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="48%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:7pt">($ millions)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>Canadian $</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>US $</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">JH Life Insurance sales <SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>603</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">552</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">573</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>464</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">417</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">447</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Wealth and asset management gross flows</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;73,337</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;69,823</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;64,649</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;56,408</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;52,651</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;50,424</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Wealth and asset management net flows</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>7,937</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(1,465</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">13,167</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>6,034</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(1,094</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">10,254</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Effective January&nbsp;1, 2017, the operations of Investment Division&#146;s external asset management businesses (&#147;MAM&#148;) are being reflected in the respective Divisional results. Previously, they were
reported in the Corporate and Other segment. The 2016 and 2015 Wealth and Asset Management sales and net flows have been restated to reflect the inclusion of MAM in the Division&#146;s results. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Does not include sales of long-term care products of US$42 million in 2016 and US$41 million in 2015. </TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT
 COLOR="#2a517f"><B>Revenue </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Total revenue in 2017 of US$18.8 billion increased US$3.3 billion compared with 2016. Revenue before net realized and
unrealized gains on assets supporting insurance and investment contract liabilities was US$16.3 billion, an increase of US$1.6 billion compared with 2016 driven by higher insurance premiums, wealth and asset management fee income and investment
income. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Revenue </B></FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="52%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:7pt">($ millions)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>Canadian $</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>US $</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net premium income excluding the Closed Block reinsurance transaction<SUP
STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7,622</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">6,987</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">7,910</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5,881</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,287</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">6,183</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7,367</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,946</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,569</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5,679</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,246</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,145</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other revenue</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>6,166</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">5,591</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">5,350</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>4,750</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">4,223</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">4,182</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Revenue before items noted below</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>21,155</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,524</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;19,829</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>16,310</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,756</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;15,510</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net realized and unrealized gains (losses)<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,282</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,034</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,884</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,498</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">790</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,621</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Premium ceded, net of ceded commissions and additional consideration
relating to Closed Block reinsurance transaction<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(7,996</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(6,109</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total revenue</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;24,437</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;20,558</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">9,949</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;18,808</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;15,546</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">7,780</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">For the purpose of comparable period-over-period reporting, we exclude the $8 billion (US$6.1 billion) impact of the Closed Block reinsurance transaction, which is shown separately, for full year 2015. For other periods
as applicable, amounts in this line equal the &#147;net premium income&#148; in note 19 of the Consolidated Financial Statements. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">See &#147;Financial Performance &#150; Impact of Fair Value Accounting&#148; above. </TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Premiums
and Deposits </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">U.S. Division total premiums and deposits for 2017 were US$63.9 billion, an increase of 8% compared with 2016. Premiums and deposits for
insurance products of US$6.5 billion increased 4% compared with 2016 driven by higher excess premiums on international universal life products and increased long-term care premiums reflecting premium rate increases. Premiums and deposits for wealth
and asset management products were US$56.4 billion, an increase of 7% compared with 2016, reflecting strong deposits in all businesses as noted above in WAM gross flows. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>32</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Premiums and Deposits</B><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP><B>
</B></FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
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<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
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<TD VALIGN="bottom" WIDTH="3%"></TD>
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<TD></TD>
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<TD VALIGN="bottom" WIDTH="3%"></TD>
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<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:7pt">($ millions)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>Canadian $</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>US $</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Insurance products<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>8,375</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">8,267</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">8,528</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6,460</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">6,239</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">6,667</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Wealth and asset management products</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>73,337</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69,823</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">64,649</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>56,408</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52,651</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50,424</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other wealth products (Annuities)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,287</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">557</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,523</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>996</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">435</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,191</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total premiums and deposits</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;82,999</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;78,647</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;74,700</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;63,864</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;59,325</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;58,282</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Effective January&nbsp;1, 2017, the operations of Investment Division&#146;s external asset management businesses (&#147;MAM&#148;) are being reflected in the respective Divisional results. Previously, they were
reported in the Corporate and Other segment. The 2016 and 2015 premiums and deposits have been restated to reflect the inclusion of MAM in the Division&#146;s results. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">For the purpose of comparable period-over-period reporting, the impact of the 3Q15 Closed Block reinsurance transaction is excluded from insurance products premiums in this table. This transaction resulted in a net
ceded premium (negative premium) of approximately $8.0 billion (US$6.1 billion) for the full year 2015. </TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Assets under
Management and Administration </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">U.S. Division assets under management and administration as at December&nbsp;31, 2017 were US$480.1 billion, up 12% from
December&nbsp;31, 2016. Increases were driven by investment income and the impact of favourable equity markets, as well as positive net flows in our WAM business, partially offset by the continued runoff of our Annuities business. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Assets under Management and Administration</B><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP><B> </B></FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="45%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>As at December&nbsp;31,</B><br>($ millions)</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>Canadian $</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>US $</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">General fund</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>151,111</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">152,305</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">149,611</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>120,455</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">113,437</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">108,094</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Segregated funds</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>193,795</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">191,391</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">194,291</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>154,481</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">142,548</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">140,377</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Institutional Asset Management</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>35,104</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31,383</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31,743</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>27,983</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23,375</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22,934</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Mutual funds and other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>134,321</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">119,486</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">116,425</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>107,071</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">88,993</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">84,117</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total assets under management</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>514,331</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">494,565</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">492,070</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>409,990</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">368,353</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">355,522</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other assets under administration</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>87,929</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">82,433</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">77,910</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>70,091</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">61,396</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">56,290</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total assets under management and administration</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;602,260</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;576,998</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;569,980</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;480,081</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;429,749</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;411,812</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Effective January&nbsp;1, 2017, the operations of Investment Division&#146;s external asset management businesses (MAM) are being reflected in the respective Divisional results. Previously, they were reported in the
Corporate and Other segment. The 2016 and 2015 assets under management have been restated to reflect the inclusion of MAM in the Division&#146;s results. </TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Strategic Highlights </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">At John Hancock, we are
focused on building more holistic and long-lasting customer relationships by offering innovative products and solutions and making it easier for customers to do business with us. In addition, we continue to actively manage our legacy businesses and
maintain sharp focus on reducing expenses across all businesses. In 2017, significant work was undertaken with respect to these strategic goals. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In our insurance
business, this work included: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">actively managing our legacy businesses in life, long term care (&#147;LTC&#148;) and annuities to lower our risk profile and free up capital; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">implementing initiatives designed to actively reduce our expense base, and operate more efficiently with a focus on profitability across our entire business with extra rigor in our legacy businesses; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">optimizing distribution channels for our insurance products, modernizing our insurance product shelf and simplifying the insurance purchase and ownership process; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">taking early steps towards building a customer-facing digital advice platform that supports lifelong relationships through financial education, investing and advice; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">developing a new partnership with the American Diabetes Association to raise awareness about our Vitality program and the affordability of life insurance for the more than 29&nbsp;million Americans living with diabetes;
and </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">launching a new streamlined underwriting process, ExpressTrack, designed to offer clients faster underwriting results without traditional lab requirements. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In 2017, we made tangible progress on the following priorities to accelerate growth in our Wealth and Asset Management businesses, as we: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">modernized our RPS platform and create a scalable, cloud-based recordkeeping system to support growth across all plans; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">provided an advice product to RPS rollover participants and expand the offering to in-plan participants in 2018; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">grew assets under management in our mutual funds, ETFs, UCITs and environmental, social and governance funds; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">increased direct-to-investor access to our actively-managed mutual funds; and </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">leveraged scale benefits of Investments&#146; assets under management to drive profitability and keep costs low for customers. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We also made progress towards the development of a digital goals-based advice product shelf. In addition to building our advice offerings within JH RPS, our Advice team
began piloting MyPortfolio, an advisor-assisted advice program that offers the simplicity of an easy-to-navigate online experience with the sophistication of a diversified portfolio. JH Advice also launched Twine, a new app designed to help couples,
who are not currently working with an advisor, to save and invest together. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>33</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

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<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B><A NAME="mdatoc476443_7"></A>Corporate and Other </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Corporate and Other is comprised of investment performance on assets backing capital, net of amounts allocated to the operating segments; costs
incurred by the Corporate Division related to shareholder activities (not allocated to the operating segments); financing costs; our Property and Casualty (&#147;P&amp;C&#148;) Reinsurance business; and run-off reinsurance business lines including
variable annuities and accident and health. </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For segment reporting purposes the impact of updates to actuarial assumptions,
settlement costs for macro equity hedges and other non-operating items are included in this segment&#146;s earnings. This segment is also where we reclassify favourable investment-related experience to core earnings from items excluded from core
earnings, subject to certain limits (see &#147;Performance and Non-GAAP Measures&#148; below). In each of the other segments, we report all investment-related experience in items excluded from core earnings. </B></FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Financial Performance </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Corporate and Other
reported a net loss attributed to shareholders of $206 million in 2017 compared with a net loss attributed to shareholders of $832 million in 2016. The net loss attributed to shareholders was comprised of core loss and items excluded from core loss.
The core loss was $525 million in 2017 compared with a core loss of $473 million in 2016. Items excluded from core loss amounted to a net gain of $319 million in 2017 compared with a net charge of $359 million in 2016. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The $52 million increase in core loss consisted of the provision in our P&amp;C business relating to hurricanes Harvey, Irma and Maria, the non-recurrence of a release of
provisions and interest on uncertain tax positions in 2016, higher strategic initiative expenses and higher interest costs, partially offset by higher core investment gains, lower expected macro hedging costs and higher realized gains on AFS
equities. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The net gain of $319 million for items excluded from core loss in 2017 primarily consisted of a $737 million gain as a result of the reduction in the
deferred tax liability related to the expected impact of U.S. Tax Reform, partially offset by the $400 million reclassification of core investment gains noted above. The net charge of $359 million for items excluded from core loss in 2016 primarily
consisted of charges related to changes in actuarial methods and assumptions. The reclassification of core investment gains in 2016 was partially offset by gains related to the direct impact of markets. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The table below reconciles the net loss attributed to shareholders to the core loss for Corporate and Other for 2017, 2016 and 2015. </P>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="67%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Core loss excluding expected cost of macro hedges and core investment gains</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(868</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(409</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(298</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Expected cost of macro hedges</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(57</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(261</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(226</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Investment-related experience included in core earnings</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>400</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">197</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total core loss</B><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP><B></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(525</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(473</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(524</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Items to reconcile core loss to net loss attributed to shareholders:</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Direct impact of equity markets and interest
rates<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(83</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">195</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Changes in actuarial methods and assumptions</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(35</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(453</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(451</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Investment-related experience related to mark-to-market
items<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>81</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">71</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(39</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Reclassification to core investment-related experience above</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(400</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(197</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Impact of U.S. Tax Reform</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>737</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Integration and acquisition costs</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(8</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(44</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>19</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">33</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net loss attributed to shareholders</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;(206</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;(832</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;(854</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">This item is a non-GAAP measure. See &#147;Performance and Non-GAAP Measures&#148; below. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The direct impact of equity markets and interest rates included a loss of $61 million (2016 &#150; loss of $120 million) on derivatives associated with our macro equity hedges and a loss of $41 million (2016 &#150; gain
of $370 million) on the sale of AFS bonds. Other items in this category netted to a gain of $19 million (2015 &#150; charge of $55 million). </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Investment-related experience includes mark-to-market gains or losses on assets held in the Corporate and Other segment other than gains on AFS equities and seed money investments in new segregated or mutual funds.
</TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Revenue </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Revenue in 2017 was
a loss of $501 million and includes a consolidation adjustment of $730 million relating to asset management fees earned by MAM from affiliated businesses (the offset to this consolidation adjustment is in investment expenses).&nbsp;Total revenue in
2017 decreased by $1,279 million compared with 2016.&nbsp;The decrease was a result of MAM revenue of $816 million reported in Corporate and Other segment in 2016 (MAM revenue is reported in the divisional results effective January&nbsp;1, 2017),
non-recurrence of release of interest provisions related to the resolution of tax related positions, an increase in the above consolidation adjustment and net realized losses on the sale of AFS bonds in 2017 compared with net realized gains in 2016.
These decreases were partially offset by lower losses from the macro hedge program. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>34</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Revenue </B></FONT></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="69%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net premium income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>110</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">87</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">90</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment income (loss)<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;285</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">653</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">130</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other revenue</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(676</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;545</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Revenue before net realized and unrealized investment gains (losses) and on the macro hedge program</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(281</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,285</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">410</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net realized and unrealized gains (losses)<SUP
STYLE="font-size:85%; vertical-align:top">(2) </SUP>and on the macro hedge program</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(220</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(507</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total revenue</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(501</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">778</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">414</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Includes losses of $54 million (2016 &#150; gains of $512 million) on the sale of AFS bonds. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">See &#147;Financial Performance &#150; Impact of Fair Value Accounting&#148; above. </TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Premiums
and Deposits </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">P&amp;C Premiums and deposits were $110 million for 2017 compared with $87 million reported in 2016. The favourable variance was primarily
due to reinstatement premiums related to the hurricane provisions. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Note that effective January&nbsp;1, 2017, the operations of Investment Division&#146;s external
asset management businesses (&#147;MAM&#148;) were reflected in the respective divisional results. Previously, they were reported in the Corporate and Other segment. The 2016 and 2015 premiums and deposits have been restated to reflect the inclusion
of MAM in the divisional results. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Strategic Highlights </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Our P&amp;C Reinsurance business provides substantial retrocessional capacity for a very select clientele in the property and casualty reinsurance market. The business is
largely non-correlated to Manulife&#146;s other businesses and helps diversify Manulife overall business mix. We manage the risk exposures of this business in relation to the total Company balance sheet risk and volatility as well as the prevailing
market pricing conditions. The business is renewable annually, and we currently estimate our exposure limit in 2018 for a single event to be approximately US$250 million (net of reinstatement premiums) and for multiple events to be approximately
US$425&nbsp;million (net of all premiums). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>35</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B><A NAME="mdatoc476443_8"></A>Investment Division </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Manulife&#146;s Investment Division manages the Company&#146;s general fund assets and, through Manulife Asset Management (&#147;MAM&#148;),
provides comprehensive asset management and asset allocation solutions to institutional clients and investment funds, and investment management services to retail clients through Manulife and John Hancock product offerings. </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>We have expertise managing a broad range of investments including public and private bonds, public and private equities, commercial mortgages,
real estate, power and infrastructure, timberland, farmland, and oil and gas. With a team of more than 3,500 employees, Investment Division has a physical presence in key markets, including the United&nbsp;States, Canada, Europe, Hong Kong, Japan,
and Singapore. In addition, MAM has a joint venture asset management business in mainland China, Manulife TEDA Fund Management Company Ltd and launched a wholly-owned investment business, Manulife Investment (Shanghai) in 2017. </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>The operations of Investment Division&#146;s external asset management businesses are reported in the respective segment results. </B></FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>General Fund </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Our investment philosophy for the
General Fund is to invest in an asset mix that optimizes our risk adjusted returns and matches the characteristics of our underlying liabilities. We follow a bottom-up approach which combines our strong asset management skills with an in-depth
understanding of the characteristics of each investment. We invest in a diversified mix of assets, including a variety of alternative long-duration asset classes. Our diversification strategy has historically produced superior risk adjusted returns
while reducing overall risk. We use a disciplined approach across all asset classes and we do not chase yield in the riskier end of the fixed income market. This strategy has resulted in a well-diversified, high quality investment portfolio, which
has historically delivered strong investment-related experience through-the-cycle. Our risk management strategy is outlined in the &#147;Risk Management&#148; section below. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>General Fund Assets </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">As at December&nbsp;31,
2017, our General Fund invested assets totaled $334.2 billion compared with $321.9 billion at the end of 2016. The following charts show the asset class composition as at December&nbsp;31, 2017 and December&nbsp;31, 2016. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g476443g37a96.jpg" ALT="LOGO">
 </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>36</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Investment Income </B></FONT></P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="8" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="8"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31, </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions, unless otherwise stated)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>Income</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>Yield<SUP STYLE="font-size:85%; vertical-align:top"></SUP></B><SUP STYLE="font-size:85%; vertical-align:top"></SUP><FONT
STYLE="font-size:4.5pt"><SUP STYLE="font-size:85%; vertical-align:top">(1)<B></B></SUP><B></B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Income</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Yield<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Interest income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;10,577</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3.30%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">10,533</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.40%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Dividend, rental and other income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,810</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.90%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,277</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.70%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Impairments</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(70</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(206</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.10%</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other, including gains (losses) on sale of AFS debt
securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>332</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.10%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">786</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.20%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment income before realized and unrealized gains on assets
supporting insurance and investment contract liabilities and on macro equity hedges</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>13,649</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&nbsp;&nbsp;13,390</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities and
on macro equity hedges</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Debt securities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,686</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1.10%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,662</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.50%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Public equities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,235</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.70%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">985</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.30%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Mortgages and private placements</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>109</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">92</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Alternative long-duration assets and other investments</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>791</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.20%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">976</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.30%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Derivatives, including macro equity hedging program</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1,103</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(0.30%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(2,581</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(0.80%</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>5,718</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,134</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total investment income</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>19,367</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>6.00%</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">14,524</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">4.70%</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Yields are based on IFRS income and are calculated using the geometric average of assets held at IFRS carrying value during the reporting period. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In 2017, the $19.4 billion of investment income (2016 &#150; $14.5 billion) consisted of: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">$13.7 billion of investment income before net realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities and on macro equity hedges (2016 &#150; $13.4 billion), and;
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">$5.7 billion of net realized and unrealized gains on assets supporting insurance and investment contract liabilities and on macro equity hedges (2016 &#150; gains of $1.1 billion). </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The $0.3 billion increase in net investment income before unrealized and realized gains was due to higher income of $0.6 billion primarily from higher dividend, rental
and other income, $0.1 billion from lower impairments on oil &amp; gas properties and private placements, partially offset by $0.4 billion lower gains on surplus assets mainly from realized losses on the sale of AFS bonds. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The change in net unrealized and realized gains supporting the insurance and investment contract liabilities primarily related to changes in interest rates and equity
markets. In 2017, the general decrease in the long-term U.S. interest rates resulted in unrealized gains of $2.1 billion on debt securities (2016 &#150; gains of $0.2 billion) and the sale of debt securities resulted in realized gains of $1.6
billion (2016 &#150; gains of $1.5 billion). The rise in equity markets in 2017 resulted in unrealized gains of $1.5 billion on public equities (2016 &#150; gains of $0.8 billion) and the sale of public equities resulted in realized gains of $0.7
billion (2016 &#150; gains or $0.2 billion). In 2017, gains of $0.8 billion on alternative long-duration assets were from mark-to-market gains on real estate properties and private equity investments in infrastructure assets (2016 &#150; gains of
$1.0 billion). Net losses of $1.1 billion on derivatives including the dynamic and macro equity hedging program in 2017 primarily related to the losses on interest rate swaps driven by higher swap rates, losses on short equity contracts as a result
of increases in major stock indices during the year, partially offset by gains on treasury locks resulting from a decrease in long-term treasury rates (2016 &#150; losses of $2.6 billion). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">As the measurement of insurance and investment contract liabilities includes estimates regarding future expected investment income on assets supporting the insurance and
investment contract liabilities, only the difference between the mark-to-market accounting on the measurement of both assets and liabilities impacts net income. Refer to &#147;Financial Performance&#148; above. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Debt Securities and Private Placement Debt </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We
manage our high quality fixed income portfolio to optimize yield and quality while ensuring that asset portfolios remain diversified by sector, industry, duration, issuer, and geography. As at December&nbsp;31, 2017, our fixed income portfolio of
$206.1 billion (2016&nbsp;&#150;&nbsp;$198.4 billion) was 98% investment grade and 76% was rated A or higher (2016 &#150; 97% and 76%, respectively). Our private placement debt holdings provide diversification benefits (issuer, industry, and
geography) and, because they often have stronger protective covenants and collateral than debt securities, they typically provide better credit protection and potentially higher recoveries in the event of default. Geographically, 28% is invested in
Canada (2016 &#150; 29%), 47% is invested in the U.S. (2016 &#150; 47%), 3% is invested in Europe (2016 &#150; 3%) and the remaining 22% is invested in Asia and other geographic areas (2016 &#150; 21%). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>37</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Debt Securities and Private Placement Debt &#150; by Credit Quality</B><SUP
STYLE="font-size:85%; vertical-align:top">(1)</SUP> <B> </B></FONT></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g476443g26y31.jpg" ALT="LOGO">
 </P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Reflects credit quality ratings as assigned by Nationally Recognized Statistical Rating Organizations (&#147;NRSRO&#148;) using the following priority sequence order: Standard&nbsp;&amp;&nbsp;Poor&#146;s, Moody&#146;s,
Dominion Bond Rating Service, Fitch, Rating and Investment Information, and Japan Credit Rating. For those assets where ratings by NRSRO are not available, disclosures are based upon internal ratings as described in the &#147;Risk Management&#148;
and &#147;Risk Factors&#148; sections below. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="55%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="12" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="12"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">Per cent of carrying value</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Debt<BR>securities</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Private<BR>placement<BR>debt</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Debt<BR>securities</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Private<BR>placement<BR>debt</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Government and agency</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>39</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>10</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>35</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Utilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>15</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>47</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>20</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Financial</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>15</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>13</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Industrial</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>9</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Consumer (non-cyclical)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>13</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Energy &#150; Oil&nbsp;&amp; Gas</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Energy &#150; Other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Consumer (cyclical)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Securitized (MBS/ABS)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Telecommunications</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Basic materials</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Technology</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Media and internet and other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total per cent</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>100</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>100</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>100</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total carrying value ($ billions)</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;174.0</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;32.1</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;206.1</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;168.6</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;29.8</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;198.4</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">As at December&nbsp;31, 2017, gross unrealized losses on our fixed income holdings were $1.7 billion or 1% of the amortized cost of these
holdings (2016 &#150; $3.5 billion or 2%). Of this amount, $37 million (2016 &#150; $35 million) related to debt securities trading below 80% of amortized cost for more than 6 months. Securitized assets represented $24 million of the gross
unrealized losses and none of the amounts trading below 80% of amortized cost for more than 6 months (2016 &#150; $23 million and $2 million, respectively). After adjusting for debt securities held in participating policyholder and pass-through
segments and the provisions for credit included in the insurance and investment contract liabilities, the potential impact to shareholders&#146; pre-tax earnings for debt securities trading at less than 80% of amortized cost for greater than 6
months was approximately $30 million as at December&nbsp;31, 2017 (2016 &#150; $34 million). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>38</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Mortgages </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">As at December&nbsp;31, 2017, our mortgage portfolio of $44.7 billion represented 13% of invested assets (2016 &#150; $44.2 billion and 14%, respectively).
Geographically, 63% of the portfolio is invested in Canada (2016 &#150; 61%) and 37% is invested in the U.S. (2016 &#150; 39%). As shown below, the overall portfolio is also diversified by geographic region, property type, and borrower. Of the total
mortgage portfolio, 18% is insured (2016 &#150; 19%), primarily by the Canada Mortgage and Housing Corporation (&#147;CMHC&#148;) &#150; Canada&#146;s AAA rated government-backed national housing agency, with 39% of residential mortgages insured
(2016 &#150; 43%) and 2% of commercial mortgages insured (2016 &#150; 3%). </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="61%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="8" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="8"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ billions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Carrying value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">% of total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Carrying value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">% of total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Commercial</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Retail</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>8.1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>18</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">8.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Office</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7.7</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>17</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Multi-family residential</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4.4</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>10</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Industrial</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2.6</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other commercial</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2.7</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>6</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2.6</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>25.5</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>57</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">58</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other mortgages</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Bank single-family residential</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>18.6</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>42</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Agricultural</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>0.6</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.8</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total mortgages</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;44.7</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>100</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;44.2</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Our commercial mortgage loans are originated with a hold-for-investment philosophy. They have low loan-to-value ratios, high debt-service
coverage ratios, and as at December&nbsp;31, 2017 there were no loans in arrears. Geographically, of the total commercial mortgage loans, 38% are in Canada and 62% are in the U.S. (2016 &#150; 37% and 63%, respectively). We are diversified by
property type and largely avoid risky market segments such as hotels, construction loans and second liens. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Non-CMHC Insured Commercial
Mortgages<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP> </B></FONT></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="59%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="8" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="8"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Canada</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">U.S.</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Canada</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">U.S.</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Loan-to-Value ratio<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>63%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>56%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">64%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">56%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Debt-Service Coverage ratio<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1.46x</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1.84x</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.47x</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.90x</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Average duration (years)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4.7</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6.3</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Average loan size ($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>$14.1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>$16.1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">11.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">17.1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Loans in
arrears<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>0.00%</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>0.00%</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">0.00%</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">0.00%</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Excludes Manulife Bank commercial mortgage loans of $109 million (2016 &#150; $67 million). </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Loan-to-Value and Debt-Service Coverage are based on re-underwritten cash flows. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Arrears defined as over 90 days past due in Canada and over 60 days past due in the U.S. </TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Public Equities </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">As at December&nbsp;31, 2017,
public equity holdings of $21.5 billion represented 6% (2016 &#150; $19.5 billion and 6%) of invested assets and, when excluding participating policyholder and pass-through segments, represented 2% (2016 &#150; 2%) of invested assets. The portfolio
is diversified by industry sector and issuer. Geographically, 31% (2016 &#150; 33%) is held in Canada; 36% (2016 &#150; 37%) is held in the U.S.; and the remaining 33% (2016 &#150; 30%) is held in Asia, Europe and other geographic areas. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Public Equities &#150; by Segment </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g476443g48z28.jpg" ALT="LOGO">
 </P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Public equities denoted as pass-through are held by the Company to support the yield credited on equity-linked investment funds for Canadian life insurance products. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>39</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Alternative Long-Duration Assets (&#147;ALDA&#148;) </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Our alternative long-duration asset portfolio is comprised of a diverse range of asset classes with varying degrees of correlations. The portfolio typically consists of
private assets representing investments in varied sectors of the economy which act as a natural hedge against future inflation and serve as an alternative source of asset supply to long-term corporate bonds. In addition to being a suitable match for
our long-duration liabilities, these assets provide enhanced long-term yields and diversification relative to traditional fixed income markets. The vast majority of our alternative long-duration assets are managed in-house. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">As at December&nbsp;31, 2017, alternative long-duration assets of $34.5 billion represented 10% (2016 &#150; $33.0 billion and 10%) of invested assets. The fair value of
total ALDA was $36.0 billion at December&nbsp;31, 2017 (2016 &#150; $34.5 billion). The carrying value and corresponding fair value by sector and/or asset type as follows: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="62%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="8" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="8"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December 31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ billions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Carrying&nbsp;value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Fair value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Carrying&nbsp;value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Fair value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Real estate</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>13.8</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>15.0</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">14.1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">15.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Power and infrastructure</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7.3</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7.4</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6.7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Private equity</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4.9</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5.0</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Timberland</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3.7</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3.6</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Oil &amp; gas</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2.8</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2.8</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Farmland</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1.4</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1.6</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>0.6</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>0.6</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.5</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.5</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total ALDA</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;34.5</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;36.0</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;33.0</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;34.5</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Real Estate </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Our real estate portfolio is diversified by geographic region; of the total fair value of this portfolio, 51% is located in the U.S., 38% in Canada, and 11% in Asia as at
December&nbsp;31, 2017 (2016 &#150; 59%, 35%, and 6%, respectively). This high-quality portfolio has virtually no leverage and is primarily invested in premium urban office towers, concentrated in cities with stable growth, and highly diverse
economies, in North America and Asia. The portfolio is well positioned with an average occupancy rate of 94% (2016 &#150; 94%) and an average lease term of 5.9 years (2016 &#150; 6.1 years). During 2017, we executed 3 acquisitions, representing
$[0.9] billion market value of commercial real estate assets (2016 &#150; 5 acquisitions and $0.4 billion). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The segment composition of our real estate portfolio
based on fair value is as follows: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g476443g48q21.jpg" ALT="LOGO">
 </P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">These figures represent the fair value of the real estate portfolio. The carrying value of the portfolio was $13.8 billion and $14.1 billion at December&nbsp;31, 2017 and December&nbsp;31, 2016, respectively.
</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>40</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Power&nbsp;&amp; Infrastructure </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We invest both directly and through funds in a variety of industry specific asset classes, listed below. The portfolio is well diversified with over 300 portfolio
companies. The portfolio is predominately invested in the U.S. and Canada, but also in the United Kingdom, Europe and Australia. Our power and infrastructure holdings are as follows: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g476443g23l28.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Timberland&nbsp;&amp; Farmland </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Our timberland and farmland assets are managed by a proprietary entity, Hancock Natural Resources Group (&#147;HNRG&#148;). In addition to being the world&#146;s largest
timberland investment manager for institutional investors<SUP STYLE="font-size:85%; vertical-align:top">1</SUP>, with timberland properties in the U.S., New&nbsp;Zealand, Australia, Chile, Canada and Brazil, HNRG also manages farmland properties in
the U.S., Australia and Canada. In 2011, HNRG established a renewable energy business unit focused on investments in the bio-energy sector. The General Fund&#146;s timberland portfolio comprised 23% of HNRG&#146;s total timberland assets under
management (&#147;AUM&#148;) (2016 &#150; 23%). The farmland portfolio includes annual (row) crops, fruit crops, wine grapes, and nut crops. The General Fund&#146;s holdings comprised 43% of HNRG&#146;s total farmland AUM (2016 &#150; 40%). </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Private Equities </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Our private equity portfolio
of $4.9 billion (2016 &#150; $4.6 billion) includes both directly held private equity and private equity funds. Both are diversified across vintage years and industry sectors. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Oil&nbsp;&amp; Gas </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">This category is comprised
of $1.2 billion (2016 &#150; $0.9 billion) in our conventional Canadian oil and gas properties managed by our subsidiary, NAL Resources, and various other oil and gas private equity interests of $1.6 billion (2016 &#150; $1.2 billion). Production
mix for conventional oil and gas assets in 2017 was approximately 35% crude oil, 47% natural gas, and 18% natural gas liquids (2016&nbsp;&#150;&nbsp;40%, 45%, and 15%, respectively). Private equity interests are a combination of both producing and
mid-streaming assets. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In 2017, the carrying value of our oil and gas holdings increased $0.7 billion and the fair value increased by $0.7 billion, primarily driven
by acquisitions. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Manulife Asset Management </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Manulife Asset Management (&#147;MAM&#148;) provides comprehensive asset management solutions to institutional clients (such as pension plans, foundations, endowments and
financial institutions) and investment funds, and investment management services to retail clients through Manulife and John Hancock product offerings. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">As at
December&nbsp;31, 2017, MAM had $491.5 billion of AUM compared with $460.7 billion at the end of 2016. This includes $89.4 billion (2016 &#150; $80.4 billion) of comprehensive asset management and asset allocation solutions to institutional clients
and $319.6 billion (2016 &#150; $302.9 billion) of investment funds and investment management services to retail clients through Manulife and John&nbsp;Hancock product offerings, as well as $82.5 billion (2016 &#150; $77.4 billion) related to our
general fund assets. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In 2017, MAM AUM increased $30.8 billion from 2016 driven mainly by positive market performance, and to a lesser extent, institutional mandate
wins and growth in general fund AUM, partially offset by currency translation losses on external clients AUM. </P> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Based on the global timber investment management organization ranking in the <I>RISI International Timberland Ownership and Investment Database.</I> </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>41</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following charts show the movement in AUM over the year as well as by asset class. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>AUM Movement </B></FONT></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="4" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">($ billions)</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">MAM External AUM, Beginning</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;383.3</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;361.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Standard Chartered Bank&#146;s MPF business acquisition</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.50em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Gross Institutional flows<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>14.8</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Institutional redemptions</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(9.0</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(9.8</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Net Institutional flows<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5.8</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Net Affiliate flows<SUP STYLE="font-size:85%; vertical-align:top">(1),(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(3.1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Asset transfers</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3.8</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Market impact</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>38.5</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Currency impact</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(19.3</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(7.3</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">MAM External AUM, Ending</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>409.0</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">383.3</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">General Fund AUM (managed by MAM), Beginning</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>77.4</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">72.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net flows, market and currency impacts</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>5.1</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">5.1</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">General Fund AUM (managed by MAM), Ending</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>82.5</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">77.4</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total MAM AUM</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>491.5</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">460.7</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">2016 included $0.3 billion Net Affiliate flows reclassified to Institutional flows driven by Singapore REIT. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Affiliate flows and redemptions related to activities of the three operating divisions (U.S., Canada, and Asia). </TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT
 COLOR="#2a517f"><B>Net Institutional and Affiliate Flows </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">2017 Institutional net flows of $5.8 billion were primarily driven by strong flows from the U.S.
and Asia, led by U.S. Core Fixed Income and U.S. Core Value Equity, as well as strong sales of our Taiwan Fixed Income, Strategic Income, Global Equity and liability-driven investment (&#147;LDI&#148;) strategies. Negative Affiliate net flows of
($3.1 billion) were primarily driven by negative net flows from U.S. Retirement and variable annuity products, partially offset by strong flows from Retail funds in all regions and Manulife TEDA institutional mandates. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>AUM Composition </B></FONT></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ billions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Affiliate / Retail<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>:</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Fixed income</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Balanced</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Equity</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Asset allocation<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Alternatives<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B><BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"><B>&nbsp;</B></P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"><B></B></P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"><B></B></P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"><B></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>116.5</B><BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B>23.6</B></P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B>107.6</B></P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B>69.7</B></P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B>2.2</B></P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B><BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"><B>&nbsp;</B></P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"><B>&nbsp;</B></P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"><B>&nbsp;</B></P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"><B>&nbsp;</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">&nbsp;</P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"></P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"></P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">104.1<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">22.0</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">103.4</P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">71.2</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">2.2</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">&nbsp;</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">&nbsp;</P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>319.6</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">302.9</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Institutional:</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Fixed income</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Balanced</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Equity</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Asset allocation<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Alternatives<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B><BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"><B></B></P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"><B></B></P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"><B></B></P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"><B></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>53.7</B><BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B>1.7</B></P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B>18.4</B></P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B>0.0</B></P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B>15.6</B></P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B><BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"><B>&nbsp;</B></P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"><B>&nbsp;</B></P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"><B>&nbsp;</B></P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"><B>&nbsp;</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"></P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"></P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"></P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">48.3<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">1.9</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">14.9</P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">0.1</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">15.2</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">&nbsp;</P>
<P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">&nbsp;</P> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>89.4</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">80.4</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>MAM External AUM</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>409.0</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">383.3</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">General Fund</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Fixed income</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Equity</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Alternative long-duration assets<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B><BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"><B></B></P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"><B></B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>44.4</B><BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B>17.1</B></P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><B>21.0</B></P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B><BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"><B>&nbsp;</B></P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"><B>&nbsp;</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"></P> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL"></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">42.0<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">14.9</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right">20.5</P></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;<BR> <P STYLE="margin-bottom:0pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">&nbsp;</P>
<P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:8pt; font-family:ARIAL">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>General Fund AUM (managed by MAM)</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>82.5</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">77.4</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total MAM AUM</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;491.5</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;460.7</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Includes 49% of assets managed by Manulife TEDA Fund Management Company Ltd. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Internally-managed asset-allocation assets included in other asset categories to eliminate double counting: $77.0 billion and $74.8 billion in 2017 and 2016, respectively, in Affiliate/Retail, and $0.01 billion and
$0.04 billion in 2017 and 2016, respectively, in Institutional Advisory. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Included $0.3 billion Affiliate AUM reclassified to Institutional AUM driven by Singapore REIT. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>42</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Total MAM External AUM by Client Geography </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">MAM operates from offices in 16 countries and territories, managing local and international investment products for its global client base. </P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="64%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ billions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>%</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">U.S.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;222.1</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>54</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;217.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Canada</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>109.0</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>27</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Asia region</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>71.9</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>18</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60.6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Europe and other region</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>6.0</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">4.9</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #000000"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total MAM External AUM</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #000000" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #000000" BGCOLOR="#dde0da" ALIGN="right"><B>409.0</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #000000" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #000000" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #000000" BGCOLOR="#dde0da" ALIGN="right"><B>100</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #000000" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #000000">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #000000" ALIGN="right">383.3</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #000000" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Investment Performance </B></FONT></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>% of AUM Outperforming Benchmarks</B><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP><B> </B></FONT></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="56%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top">


<IMG SRC="g476443g87o43.jpg" ALT="LOGO">
</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"><FONT STYLE="font-size:16pt" COLOR="#2a517f">As at December 31, 2017, overall investment performance has consistently exceeded our benchmarks on a 1-,&nbsp;3-&nbsp;and <FONT STYLE="white-space:nowrap">5-year</FONT>
basis.</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="middle"></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Investment performance is based on actively managed MAM Public Markets account-based, asset-weighted performance versus their primary internal targets, which includes accounts managed by portfolio managers of MAM. Some
retail accounts are evaluated net of fees versus their respective Morningstar peer group. All institutional accounts and all other retail accounts are evaluated gross of fees versus their respective index. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Includes balanced funds. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Includes money market funds. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Long-term investment performance continued to be a differentiator for MAM, with the majority
of public asset classes outperforming their benchmarks on a 1-, 3- and 5-year basis. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Strategic Direction </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The demand for multi-asset class solutions, liability-driven investing (&#147;LDI&#148;), real estate assets, global and emerging market equities, and public and private
fixed income persists as institutional and retail investors continue to seek higher risk-adjusted returns. MAM will continue to capitalize on this demand by closely aligning our global wealth and asset management business and leveraging our skills
and expertise across our international operations to build long-lasting customer relationships. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We offer private and public multi-assets to holistically address
client needs, providing alpha-focused active management in a boutique environment, and leveraging best-in-class global capabilities and expertise. This strategy is integral to Manulife&#146;s overall strategy of continuing to build and integrate our
global wealth and asset management businesses, as well as expand our investment and/or sales offices into key markets, not restricting ourselves to geographies where we currently have, or expect to have, insurance operations. Wealth and Asset
Management is a truly global business &#150; both in demand and supply. Customers in any given location have the desire for globally-sourced product, and customers with our global product will benefit from on-the-ground perspectives generated by our
investment professionals situated in diverse parts of the world, but globally networked and supervised for quality control. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">See &#147;Performance by Business
Line&#148; below for additional information with respect to our globally diversified wealth and asset management franchise. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>43</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B><A NAME="mdatoc476443_9"></A>Performance by Business Line </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Additional information for Wealth and Asset Management </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Manulife has a globally diversified wealth and asset management (&#147;WAM&#148;) franchise spanning mutual funds, group retirement and savings products, and
institutional asset management capabilities across all major asset classes. As noted above, we expect the organizational changes to our WAM businesses, effective January&nbsp;1, 2018, to create greater alignment and enable us to better leverage our
global scale. As a result of these changes, Global WAM will be a separate reporting segment in 2018. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We have achieved strong growth through our broad-based extensive
distribution platforms in the U.S., Canada, Asia and Europe, and our global asset management expertise. With investment professionals on the ground in 16 countries, our deep local knowledge, and expertise in sought-after asset classes such as
alternative long-duration assets, positions us well for continued success. In addition to mutual fund businesses in 11 markets, we have leading retirement platforms in Canada, the U.S. and Hong Kong, and a presence in the Indonesian and Malaysian
retirement markets. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In 2017, we provide additional financial information by line of business, to supplement our existing primary disclosure based on geographic
segmentation. This information is intended to facilitate assessment of the financial performance of our WAM businesses and allows for relevant comparisons to be made with global asset management peers. The supplemental information for WAM businesses
includes an income statement, core earnings, core earnings before interest, taxes, depreciation and amortization (&#147;core EBITDA&#148;), net flows, gross flows and assets under management and administration (&#147;AUMA&#148;)<SUP
STYLE="font-size:85%; vertical-align:top">1</SUP>. Core EBITDA was selected as a key performance indicator for WAM businesses, as EBITDA is widely used among asset management peers, and core earnings is a primary profitability metric for the Company
overall. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Wealth and Asset Management highlights </B></FONT></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="71%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions, unless otherwise stated)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Core earnings<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>788</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">629</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">630</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Core EBITDA<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,396</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,167</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,224</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net flows</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>17,605</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15,265</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34,387</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Gross flows</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;124,306</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;120,450</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;114,686</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Assets under management and administration (&#147;AUMA&#148;)<SUP
STYLE="font-size:85%; vertical-align:top">(3)</SUP> ($ billions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>599</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">544</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">510</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">WAM core earnings by division are outlined in the section &#147;Core earnings by line of business by division&#148; below. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Table below provides a reconciliation of core EBITDA to core earnings. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Table below provides a continuity of AUMA. </TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Financial performance </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In 2017, our global WAM businesses reported $788 million in core earnings, an increase of 25% compared with 2016. The increase reflects higher fee income on higher asset
levels as we have continued to see strong investment returns and continued positive net flows in 2017 across all three operating divisions and in each of our business lines: retirement, retail and institutional asset management. The increase is also
a reflection of our prudent expense management, with our total expenses in line with prior year despite our continued strategic investments to optimize our operational infrastructure and to expand our distribution reach in Europe and Asia. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In 2017, core EBITDA for our global WAM businesses was $1,396 million, higher than core earnings by $608 million. In 2016, core EBITDA was $1,167 million, higher than
core earnings by $538 million. The increase of $229 million in core EBITDA primarily reflects higher fee income on higher asset levels, as mentioned above. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT
 COLOR="#1f320c"><B>Core EBITDA </B></FONT></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Core earnings</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>788</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">629</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">630</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Amortization of deferred acquisition costs and other depreciation</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>344</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">336</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">327</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Amortization of deferred sales commissions</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>99</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">103</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">106</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Core income tax (expense) recovery</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>165</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">99</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">161</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Core EBITDA</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;1,396</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;1,167</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;1,224</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Core EBITDA is a non-GAAP financial measure. See &#147;Performance and Non-GAAP Measures&#148; below. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>44</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>AUMA </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In 2017, AUMA for our wealth and asset management businesses increased from $544 billion to $599 billion. Net flows accounted for $18 billion of the increase and the
remaining $37 billion was related to positive investment returns. 2017 marked the 8<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> year of consecutive positive quarterly net flows in our WAM businesses. Positive net flows in 2017 were $2.3
billion higher than in 2016, driven by lower redemptions and higher sales in our U.S. retail and institutional asset management businesses and, to a lesser extent, Hong&nbsp;Kong retirement, partially offset by higher redemptions in our North
American retirement businesses. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><B>AUMA </B></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ billions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B> 2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Balance January&nbsp;1,</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>544</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">510</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">315</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Acquisitions</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">109</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net flows</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>18</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Impact of markets and other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>37</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">52</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Balance December&nbsp;31,</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;599</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;544</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;510</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Additional information by business line </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following tables provide additional information on our core earnings by WAM, Insurance and Other Wealth for each of the divisions. Other Wealth consists of variable
and fixed annuities, single premium products sold in Asia, and Manulife Bank in Canada<SUP STYLE="font-size:85%; vertical-align:top">1</SUP> and Insurance includes all individual and group insurance businesses. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Financial Performance </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">As noted above, in core
earnings in our global WAM businesses was $788 million, an increase of 25% compared with 2016. The increase primarily reflects higher fee income on higher asset levels as we have continued to see strong investment returns and continued positive net
flows in 2017. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Core earnings in our global insurance businesses in 2017 was $2,887 million, an increase of 16% compared with 2016. The increase was primarily due to
improved in-force earnings and policyholder experience in U.S. Insurance (in part due to changes in actuarial methods and assumptions) and the strong new business and in-force growth in Asia. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Core earnings in our global other wealth businesses in 2017 was $1,415 million, an increase of 3% compared with 2016. The increase was driven by growth in Asia and
Canada, and policyholder experience gains in the U.S., partially offset by the non-recurrence of the 2016 release of provisions for uncertain tax positions in the U.S. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Core earnings by line of business </B></FONT></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Wealth and Asset Management</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>788</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">629</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">630</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Insurance</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,887</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,492</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,097</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other Wealth</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,415</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,368</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,245</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Corporate and
Other<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(525</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(468</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(544</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total core earnings</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;4,565</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;4,021</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;3,428</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Excludes Manulife Asset Management results that are included in WAM. </TD></TR></TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Manulife Bank new loan volumes are no longer being reported as sales. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>45</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Core earnings by line of business by division </B></FONT></P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Wealth and Asset Management<SUP STYLE="font-size:85%; vertical-align:top"></SUP></B><SUP
STYLE="font-size:85%; vertical-align:top"></SUP><FONT STYLE="font-size:5pt"><SUP STYLE="font-size:85%; vertical-align:top">(1)<B></B></SUP><B></B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Asia</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>211</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">175</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">159</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Canada</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>224</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">161</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">141</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">U.S.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>353</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">298</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">310</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Corporate and
Other<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(5</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total Wealth and Asset Management</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>788</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">629</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">630</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Insurance</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Asia</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,097</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">994</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">811</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Canada</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>707</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">763</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">621</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">U.S.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,083</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">735</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">665</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total Insurance</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,887</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,492</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,097</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Other Wealth</B><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP><B></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Asia</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>355</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">327</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">264</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Canada</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.50em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Manulife Bank</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>140</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">114</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">123</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.50em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Canada excluding Manulife Bank</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>394</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">345</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">367</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Total Canada</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>534</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">459</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">490</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">U.S.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>526</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">582</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">491</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total Other Wealth</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,415</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,368</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,245</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Corporate and
Other<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(525</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(468</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(544</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total core earnings</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;4,565</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;4,021</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;3,428</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Wealth and Asset Management is comprised of our fee-based global WAM businesses that do not contain material insurance risk including: mutual funds, group retirement and institutional asset management.
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Corporate and Other results are net of internal allocations to other divisions. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Other Wealth includes variable and fixed annuities, single premium products sold in Asia and Manulife Bank. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">A portion of core earnings from Investment Division has been included in Wealth and Asset Management. </TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT
 COLOR="#2a517f"><B>AUMA by line of business </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">AUMA as at December&nbsp;31, 2017 was a record for Manulife of $1,040 billion, an increase of $63 billion, or
6% on a constant currency basis, compared with December&nbsp;31, 2016. The WAM portion of AUMA was $599 billion and increased $54 billion compared with December&nbsp;31, 2016. The increase was driven by investment returns and continued positive net
flows. </P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ billions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Wealth and Asset Management</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>598.6</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">544.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">510.8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Insurance</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>276.4</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">262.8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">246.1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other Wealth</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>168.4</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">174.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">178.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Corporate and Other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(2.9</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(4.4</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total assets under management and administration</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;1,040.5</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;977.1</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;935.2</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>46</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

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<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B><A NAME="mdatoc476443_10"></A>Risk Management </B></FONT></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">This section provides an overview of the Company&#146;s overall risk management approach and more specific strategies for our principal risks. A more detailed
description of specific risks which may affect our results of operations or financial condition may be found in the &#147;Risk Factors&#148; section below. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT
 COLOR="#2a517f"><B>Overview </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">All of the Company&#146;s activities involve elements of risk taking. Our approach to managing risk seeks to balance
delivering exceptional experiences for our customers, meeting our policyholder and creditor obligations, providing sustainable, long-term growth for our shareholders and safeguarding our commitments to employees. Our approach is governed by our
Enterprise Risk Management (&#147;ERM&#148;) Framework. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Enterprise Risk Management Framework </B></FONT></P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g476443g50p39.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Our ERM Framework provides a structured approach to implementing risk taking and risk management activities across the enterprise,
supporting our long-term revenue, earnings and capital growth strategy. It is communicated through risk policies and standards which are intended to enable consistent design and execution of strategies across the organization. We have a common
approach to managing all risks to which the Company is exposed, and to evaluating potential directly comparable risk-adjusted returns on contemplated business activities. Our risk policies and standards cover: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Assignment of accountability and delegation of authority for risk oversight and risk management; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The types and levels of risk the Company seeks given its strategic plan and risk appetite; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Risk identification, measurement, assessment and mitigation which enable effective management and monitoring of risk; and </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Validation, back testing and independent oversight to confirm that the Company generated the risk profile it intended and the root cause analysis of any notable variation. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Our risk management practices are influenced and impacted by internal and external factors (such as economic conditions, political environments, technology and risk
culture) which can significantly impact the levels and types of risks the Company might face in its pursuit to strategically optimize risk taking and risk management. Our ERM Framework incorporates relevant impacts and mitigating actions as
appropriate. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Three Lines of Defence Model </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">A
strong risk culture and a common approach to risk management are integral to Manulife&#146;s risk management practices. Management is responsible for managing risk within risk appetite and has established risk management strategies and monitoring
practices. Our approach to risk management includes a &#147;three lines of defence&#148; governance model that segregates duties between risk taking activities, risk monitoring and risk oversight, and establishes appropriate accountability for those
who assume risk versus those who oversee risk. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company&#146;s first line of defence includes the Chief Executive Officer (&#147;CEO&#148;), Divisional General
Managers and Global Function Heads. In our matrix reporting model, the Divisional General Managers are accountable for their business results, the risks they assume to achieve those results, and for the day-to-day management of the risks and related
controls, and the Global Function Heads are accountable for the management of the risks and related controls for their function. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The second line of defence is
comprised of the Company&#146;s Chief Risk Officer (&#147;CRO&#148;), the Global Risk Management (&#147;GRM&#148;) function and other global oversight functions. Collectively, this group provides independent oversight of risk taking and risk
management activities across the enterprise. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The third line of defence is Internal Audit, which provides independent assurance that controls are effective and
appropriate relative to the risk inherent in the business and that risk mitigation programs and risk oversight functions are effective in managing risks. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>47</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Risk Culture </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Manulife strives for a risk aware culture, where individuals and groups are encouraged, feel comfortable and are proactive in making transparent, balanced risk-return
decisions that are in the long-term interests of the Company. Key areas of focus pertaining to risk culture include: aligning individual and Company objectives; identifying and escalating risks before they become significant issues; promoting a
cooperative approach that enables appropriate risk taking; ensuring transparency in identifying, communicating and tracking risks; and systematically acknowledging and surfacing material risks. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Risk Governance </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Board of Directors
oversees the Company&#146;s culture of integrity and ethics, strategic planning, risk management, and corporate governance, among other things. The Board carries out its responsibilities directly and through its four standing committees. The Board
Risk Committee oversees the management of our principal risks, and our programs, policies and procedures to manage those risks. The Board Audit Committee oversees internal control over financial reporting and our finance, actuarial, internal audit
and global compliance functions, serves as the conduct review committee, reviews our compliance with legal and regulatory requirements and oversees the performance, qualifications and independence of our external auditors. The Management Resources
and Compensation Committee oversees our global human resources strategy, policies, programs, management succession, executive compensation, and pension plan governance. The Corporate Governance and Nominating Committee develops our governance
policies, practices and procedures, among other things. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The CEO is directly accountable to the Board of Directors for the results and operations of the Company and
all risk taking activities and risk management practices required to achieve those results. The CEO is supported by the CRO as well as by the Executive Risk Committee (&#147;ERC&#148;). Together, they shape and promote our risk culture, guide risk
taking throughout our global operations and strategically manage our overall risk profile. The ERC, along with other executive-level risk oversight committees, establishes risk policies, guides risk taking activity, monitors significant risk
exposures and sponsors strategic risk management priorities throughout the organization. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">GRM, under the direction of the CRO, establishes and maintains our ERM
Framework and oversees the execution of individual risk management programs across the enterprise. GRM seeks to ensure a consistent enterprise-wide assessment of risk, risk-based capital and risk-adjusted returns across all operations. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The ERC approves and oversees the execution of the Company&#146;s enterprise risk management program. It establishes and presents for approval to the Board the
Company&#146;s risk appetite and enterprise-wide risk limits and monitors our overall risk profile, including key and emerging risks and risk management activities. As part of these activities, the ERC monitors material risk exposures, endorses and
reviews strategic risk management priorities, and reviews and assesses the impact of business strategies, opportunities and initiatives on our overall risk position. The ERC is supported by a number of oversight sub-committees including: Credit
Committee, Product Oversight Committee, Global Asset Liability Committee, and the Operational Risk Committee. We also have divisional risk committees as well as a Global Wealth and Asset Management Risk Committee, each with mandates similar to the
ERC, except with a focus at the divisional and global WAM business line levels, as applicable. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Risk Appetite </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Risk taking activities are managed within the Company&#146;s overall risk appetite, which defines the amount and types of risks the Company is willing to assume in
pursuit of its objectives. It is comprised of three components: risk philosophy, risk appetite statements, and risk limits and tolerances. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">When making decisions
about risk taking and risk management, Manulife places the highest priority on the following risk management objectives: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Safeguarding the commitments and expectations established with our customers, creditors, shareholders and employees; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Supporting the successful design and delivery of customer solutions; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Prudently and effectively deploying the capital invested in the Company by shareholders with appropriate risk/return profiles; and </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Protecting and/or enhancing the Company&#146;s reputation and brand. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">At least annually, we establish and/or reaffirm our
risk appetite to ensure that our risk appetite and the Company&#146;s strategy are aligned. The risk appetite statements provide &#145;guideposts&#146; on our appetite for identified risks, any conditions placed on associated risk taking and
direction for where quantitative risk limits should be established. The Company&#146;s risk appetite statements are as follows: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Manulife accepts a total level of risk that provides a very high level of confidence to meeting customer obligations while targeting an appropriate overall return to shareholders over time; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The Company targets a credit rating amongst the strongest of its global peers; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Manulife values innovation and encourages initiatives intended to strengthen the customers&#146; experience and enhance competitive advantage; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Capital market risks are acceptable when they are managed within specific risk limits and tolerances; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The Company believes a diversified investment portfolio reduces overall risk and enhances returns; therefore, it accepts credit and ALDA-related risks; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The Company pursues product risks that add customer and shareholder value where there is competence to assess and monitor them, and for which appropriate compensation is received; </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>48</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
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<TD ALIGN="left" VALIGN="top">Manulife accepts that operational risks are an inherent part of the business but will protect its business and customers&#146; assets through cost-effective operational risk mitigation; and </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">Manulife expects its officers and employees to act in accordance with the Company&#146;s values, ethics and standards and to enhance its brand and reputation. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Risk limits and tolerances are established for risks within our risk classification framework that are inherent in our strategies in order to define the types and amount
of risk the Company will assume. Risk tolerance levels are set for risks deemed to be most significant to the Company and are established in relation to economic capital, earnings-at-risk and regulatory capital required. The purpose of risk limits
is to cascade the total Company risk appetite to a level that can be effectively managed. Manulife establishes stand-alone risk limits for risk categories to avoid excessive concentration in any individual risk category and to manage the overall
risk profile of the organization. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Risk Identification, Measurement and Assessment </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We have a common approach and process to identify, measure, and assess the risks we assume. We evaluate all potential new business initiatives, acquisitions, product
offerings, reinsurance arrangements, and investment and financing transactions on a comparable risk-adjusted basis. Divisions and functional groups are responsible for identifying and assessing key and emerging risks on an ongoing basis. A standard
inventory of risks is used in all aspects of risk identification, measurement and assessment, and monitoring and reporting. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Risk exposures are evaluated using a
variety of risk measures focused on both short-term net income attributed to shareholders and long-term economic value, with certain measures used across all risk categories, while others apply only to some risks or a single risk type. Measures
include stress tests such as sensitivity tests, scenario impact analyses and stochastic scenario modeling. In addition, qualitative risk assessments are performed, including for those risk types that cannot be reliably quantified. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We perform a variety of stress tests on earnings, regulatory capital ratios, economic capital, earnings-at-risk and liquidity that consider significant, but plausible
events. We also perform other integrated, complex scenario tests to assess key risks and the interaction of these risks. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Economic capital and earnings-at-risk
provide measures of enterprise-wide risk that can be aggregated and compared across business activities and risk types. Economic capital measures the amount of capital required to meet obligations with a high and pre-defined confidence level. Our
earnings-at-risk metric measures the potential variance from quarterly expected earnings at a particular confidence level. Economic capital and earnings-at-risk are both determined using internal models. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Risk Monitoring and Reporting </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Under the
direction of the CRO, GRM oversees a formal process for monitoring and reporting on all significant risks at the Company-wide level. Risk exposures are also discussed at various risk oversight committees, along with any exceptions or proposed
remedial actions, as required. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">On at least a quarterly basis, the ERC and the Board Risk Committee review risk reports that present an overview of our overall risk
profile and exposures across our principal risks. The reports incorporate both quantitative risk exposure measures and sensitivities, and qualitative risk assessments. The reports also highlight key risk management activities and facilitate
monitoring compliance with key risk policy limits. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Our Chief Actuary presents the results of the Dynamic Capital Adequacy Test to the Board of Directors annually.
Our Chief Auditor reports the results of internal audits of risk controls and risk management programs to the Audit Committee semi-annually. Management reviews the implementation of key risk management strategies, and their effectiveness, with the
Board Risk Committee annually. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Risk Control and Mitigation </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Risk control activities are in place throughout the Company to seek to mitigate risks within established risk limits. We believe our controls, which include policies,
procedures, systems and processes, are appropriate and commensurate with the key risks faced at all levels across the Company. Such controls are an integral part of day-to-day activity, business management and decision making. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">GRM establishes and oversees formal review and approval processes for product offerings, insurance underwriting, reinsurance, investment activities and other material
business activities, based on the nature, size and complexity of the risk taking activity involved. Authorities for assuming risk at the transaction level are delegated to specific individuals based on their skill, knowledge and experience. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Emerging Risk </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The identification and
assessment of our external environment for emerging risks is an important aspect of our enterprise risk management framework, as these risks, although yet to materialize, could have the potential to have a material impact on our operations. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>49</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Our Emerging Risk Framework facilitates the ongoing identification, assessment and monitoring of emerging risks, and
includes: maintaining a process that facilitates the ongoing discussion and evaluation of potential emerging risks with senior business and functional management; reviewing and validating emerging risks with the ERC; creating and executing on
responses to each emerging risk based on prioritization; and monitoring and reporting on emerging risks on a regular basis. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Regulatory
Updates </B></FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>U.S. Tax Reform </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">As noted
in the &#147;Overview&#148; section above, U.S. Tax Reform is expected to benefit our net income attributed to shareholders and core earnings by approximately $240 million per year commencing in
2018.<SUP STYLE="font-size:85%; vertical-align:top">1</SUP> Due to the 14-point decrease in the effective U.S. corporate tax rate effective January&nbsp;1, 2018, our after-tax risk sensitivities are more favourable for favourable scenarios and are
more unfavourable for unfavourable scenarios. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Life Insurance Capital Adequacy Test (&#147;LICAT&#148;) </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Office of the Superintendent of Financial Institutions (&#147;OSFI&#148;) issued the final guideline for the new LICAT regulatory capital framework, which came into
effect in Canada on January&nbsp;1, 2018. LICAT replaced the Minimum Continuing Capital and Surplus Requirement (&#147;MCCSR&#148;) framework. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">With respect to the
impact of LICAT, OSFI has noted that the:<SUP STYLE="font-size:85%; vertical-align:top">2</SUP> </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Overall level of excess capital in the industry under LICAT versus MCCSR is not expected to change significantly; </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">LICAT ratios and MCCSR ratios are not directly comparable; and </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">Impact on individual life insurers will depend on the businesses they are engaged in, risks that they choose to take and how these risks are managed. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">While the impact of U.S. Tax Reform has reduced our capital position in the short and medium term, we expect to be in a healthy capital position under the new framework<SUP
STYLE="font-size:85%; vertical-align:top">1</SUP> and will report our LICAT ratios as of March&nbsp;31, 2018 when we report our first quarter 2018 results in May 2018. We will also convert the risk sensitivities currently measured with respect to
their impact on MLI&#146;s MCCSR ratio to a LICAT basis at that time. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>IFRS 17 &#147;Insurance Contracts&#148; (&#147;IFRS 17&#148;)
</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">IFRS 17 was issued by the International Accounting Standards Board (&#147;IASB&#148;) in May 2017 and is effective for years beginning on January&nbsp;1,
2021, and to be applied retrospectively. If full retrospective application to a group of contracts is impractical, the modified retrospective or fair value methods may be used. The standard will replace IFRS 4 &#147;Insurance Contracts&#148; and
will materially change the recognition and measurement of insurance contracts and the corresponding presentation and disclosures of the Company&#146;s Financial Statements and MD&amp;A. We are assessing the implications of this standard and expect
that it will have a significant impact on the Company&#146;s Consolidated Financial Statements. In addition, in certain jurisdictions, including Canada, it could have a material effect on tax and regulatory capital positions that are dependent upon
IFRS accounting values. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">For life insurance companies, such as Manulife, that have complex long-duration products and/or regulatory and tax regimes dependent upon
IFRS accounting values, we believe that an effective date of January&nbsp;1, 2021 is aggressive. Therefore, while our implementation project is well underway, we and others in the life insurance industry are encouraging the IASB to defer the
effective date. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>General Macro-Economic Risk Factors </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The global macro-economic environment has a significant impact on our financial plans and ability to implement our business strategy. The macro-economic environment can
be significantly impacted by the actions of both the government sector (including central banks) and the private sector. The macro-economic environment may also be affected by natural and man-made catastrophes. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Our business strategy and associated financial plans are developed by considering forecasts of economic growth, both globally and in the specific countries we operate.
Actual economic growth can be significantly impacted by the macro-economic environment and can deviate significantly from forecast, thus impacting our financial results and the ability to implement our business strategy. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Changes in the macro-economic environment can also have a significant impact on financial markets, including movements in interest rates, spreads on fixed income assets
and returns on public equity and ALDA assets. Our financial plan, including income projections, capital projections, and valuation of liabilities are based on certain assumptions with respect to future movements in interest rates and spreads on
fixed income assets, and expected future returns from our public equity and ALDA investments. Actual experience is highly variable and can deviate significantly from our assumptions, thus impacting our financial results. In addition, actual
experience that is significantly different from our assumptions and/or changes in the macro-economic environment may result in changes to the assumptions themselves which would also impact our financial results. </P>
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<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">See &#147;Caution regarding forward-looking statements&#148; above. </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">Slides 21 and 22, OSFI LICAT Webcast Information Session held on September&nbsp;15, 2016. </TD></TR></TABLE>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>50</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Specific changes in the macro-economic environment can have very different impacts across different parts of the
business. For example, a rise in interest rates is generally beneficial to us in the long term but can adversely affect valuations of some ALDA assets, especially those that have returns dependent on contractual cash flows, such as real estate. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The spending and savings patterns of our customers could be significantly influenced by the macro-economic environment and could have an impact on the products and
services we offer to our customers. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Customer behaviour and emergence of claims on our liabilities can be significantly impacted by the macro-economic environment.
For example, a prolonged period of economic weakness could impact the health and well-being of our customers and that could result in increased claims for certain insurance risks. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following sections describe the risk management strategies for each of our six principal risk categories: strategic risk, market risk, liquidity risk, credit risk,
insurance risk and operational risk. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Strategic Risk </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Strategic risk is the risk of loss resulting from the inability to adequately plan or implement an appropriate business strategy, or to adapt to
change in the external business, political or regulatory environment. </B></FONT></P> <P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:0%; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Risk Management Strategy </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The CEO and Executive Leadership Team establish and oversee execution of business strategies and have accountability to identify and manage the risks embedded in these
strategies. They are supported by a number of processes: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Strategic business, risk and capital planning that is reviewed with the Board of Directors, Executive Leadership Team, and the ERC; </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">Performance and risk reviews of all key businesses with the CEO and annual reviews with the Board of Directors; </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">Risk-based capital attribution and allocation designed to encourage a consistent decision-making framework across the organization; and </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">Review and approval of acquisitions and divestitures by the CEO and, where appropriate, the Board of Directors. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The CEO
and Executive Leadership Team are ultimately responsible for our reputation; however, our employees and representatives are responsible for conducting their business activities in a manner that upholds our reputation. This responsibility is executed
through an enterprise-wide reputation risk policy that specifies the oversight responsibilities of the Board of Directors and the responsibilities of executive management, communication to and education of all directors, officers, employees and
representatives, including our Code of Business Conduct and Ethics, and application of guiding principles in conducting all our business activities. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT
 COLOR="#1f320c"><B>IFRS 7 Disclosures </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The shaded text and tables in the following sections of this MD&amp;A represent our disclosure on market and
liquidity risk in accordance with IFRS 7, &#147;Financial Instruments &#150; Disclosures,&#148; and include a discussion on how we measure risk and our objectives, policies and methodologies for managing these risks. Therefore, the following shaded
text and tables represent an integral part of our audited annual Consolidated Financial Statements for the years ended December&nbsp;31, 2017 and December&nbsp;31, 2016. The fact that certain text and tables are considered an integral part of the
Consolidated Financial Statements does not imply that the disclosures are of any greater importance than the sections not part of the disclosure. Accordingly, the &#147;Risk Management&#148; disclosure should be read in its entirety. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Market Risk </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Market
risk is the risk of loss resulting from market price volatility, interest rate change, credit and swap spread changes, and from adverse foreign currency rate movements. Market price volatility primarily relates to changes in prices of publicly
traded equities and alternative long-duration assets. </B></FONT></P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Market Risk Management Strategy </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><div style="max-width:100%;margin-left:-1%; margin-right:-1%;background-color:#e9edf2;;padding-top:2pt;padding-bottom:3pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; font-size:9pt; font-family:ARIAL">Market risk is governed by the Global Asset Liability Committee which oversees the overall market and liquidity risk program. Our overall strategy to
manage our market risks incorporates several component strategies, each targeted to manage one or more of the market risks arising from our businesses. At an enterprise level, these strategies are designed to manage our aggregate exposures to market
risks against economic capital, regulatory required capital and earnings-at-risk limits. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; padding-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table outlines our key market risks and
identifies the risk management strategies which contribute to managing these risks. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="98%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="60%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT STYLE="font-size:9pt" COLOR="#1f320c"><B>Risk Management Strategy</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>Key Market Risk</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>Publicly<BR>Traded&nbsp;Equity<BR>Performance<BR>Risk</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>Interest&nbsp;Rate<BR>and Spread<BR>Risk</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>Alternative<BR><FONT STYLE="white-space:nowrap">Long-Duration</FONT><BR>Asset<BR>Performance<BR>Risk</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>Foreign<BR>Exchange&nbsp;Risk</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Product design and pricing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">X</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">X</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">X</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">X</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Variable annuity guarantee dynamic hedging</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">X</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">X</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">X</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Macro equity risk hedging</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">X</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">X</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Asset liability management</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">X</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">X</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">X</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">X</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Foreign exchange management</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">X</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> </div>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>51</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

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<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">To reduce publicly traded equity performance risk, we primarily use a variable annuity guarantee dynamic hedging
strategy which is complemented by a general macro equity risk hedging strategy. Our strategies employed for variable annuity guarantee dynamic hedging and macro equity risk hedging expose the Company to additional risks. See &#147;Risk Factors&#148;
below. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In general, to seek to reduce interest rate risk, we lengthen the duration of our fixed income investments in our liability and surplus segments by executing
interest rate hedges. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We seek to limit concentration risk associated with ALDA performance by investing in a diversified basket of assets including public and
private equities, commercial real estate, infrastructure, timber, farmland real estate, and oil and gas assets. We further diversify risk by managing investments against established limits, including for industry type and corporate connection,
commercial real estate type and geography, and timber and farmland property geography and crop type. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Our foreign exchange risk management strategy is designed to
hedge the sensitivity of our regulatory capital ratios to movements in foreign exchange rates. Our policy is to generally match the currency of our assets with the currency of the liabilities they support, and similarly, to generally match the
currency of the assets in our shareholders&#146; equity account to the currency of our required capital. Where assets and liabilities are not currency matched, we seek to stabilize our capital ratios through the use of financial instruments such as
derivatives. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:0%; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Product Design and Pricing Strategy </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><div style="max-width:100%;margin-left:-1%; margin-right:-1%;background-color:#e9edf2;;padding-top:2pt;padding-bottom:3pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">Our policies, standards, and standards of practice with respect to product design and pricing are designed with the
objective of aligning our product offerings with our risk taking philosophy and risk appetite, and in particular, that incremental risk generated from new sales aligns with our strategic risk objectives and risk limits. The specific design features
of our product offerings, including level of benefit guarantees, policyholder options, fund offerings and availability restrictions as well as our associated investment strategies, help to mitigate the level of underlying risk. We regularly review
and modify key features within our product offerings, including premiums and fee charges with a goal of meeting profit targets and staying within risk limits. Certain of our general fund adjustable benefit products have minimum rate guarantees. The
rate guarantees for any particular policy are set at the time the policy is issued and governed by insurance regulation in each jurisdiction where the products are sold. The contractual provisions allow crediting rates to be re-set at
pre-established intervals subject to the established minimum crediting rate guarantees. The Company may partially mitigate the interest rate exposure by setting new rates on new business and by adjusting rates on in-force business where permitted.
In addition, the Company partially mitigates this interest rate risk through its asset liability management process, product design elements, and crediting rate strategies. New product initiatives, new reinsurance arrangements and material insurance
underwriting initiatives must be reviewed and approved by the CRO or key individuals within risk management functions. </P></div>
<P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:0%; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Hedging Strategies for Variable Annuity and Other Equity Risks </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><div style="max-width:100%;margin-left:-1%; margin-right:-1%;background-color:#e9edf2;;padding-top:2pt;padding-bottom:3pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">The Company&#146;s exposure to movement in public equity market values primarily arises from variable annuity guarantees
and to a smaller extent from asset-based fees and general fund public equity holdings. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">Dynamic hedging is the primary hedging
strategy for variable annuity market risks. Dynamic hedging is employed for new variable annuity guarantees business when written or as soon as practical thereafter. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; padding-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">We seek to manage public equity risk arising from other sources (not dynamically hedged) through our macro equity
risk hedging strategy. We seek to manage interest rate risk arising from variable annuity business not dynamically hedged within our asset liability management strategy. </P></div>
<P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:0%; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Variable Annuity Dynamic Hedging Strategy </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><div style="max-width:100%;margin-left:-1%; margin-right:-1%;background-color:#e9edf2;;padding-top:2pt;padding-bottom:3pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">The variable annuity dynamic hedging strategy is designed to hedge the sensitivity of variable annuity guarantee policy
liabilities and available capital to fund performance (both public equity and bond funds) and interest rate movements. The objective of the variable annuity dynamic hedging strategy is to offset, as closely as possible, the change in the economic
value of guarantees with the profit and loss from our hedge asset portfolio. The economic value of guarantees moves in close tandem, but not exactly, with our variable annuity guarantee policy liabilities, as it reflects best estimate liabilities
and does not include any liability provisions for adverse deviations. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">Our current variable annuity guarantee dynamic hedging
approach is to short exchange-traded equity index and government bond futures and execute currency futures and lengthening interest rate swaps to hedge sensitivity of policy liabilities to fund performance and interest rate movements arising from
variable annuity guarantees. We dynamically rebalance these hedge instruments as market conditions change, in order to maintain the hedged position within established limits. Other derivative instruments (such as equity and interest rate options)
are also utilized and we may consider the use of additional hedge instruments opportunistically in the future. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">Our variable annuity
guarantee dynamic hedging strategy is not designed to completely offset the sensitivity of policy liabilities to all risks associated with the guarantees embedded in these products. The profit (loss) on the hedge instruments will not completely
offset the underlying losses (gains) related to the guarantee liabilities hedged because: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Policyholder behaviour and mortality experience are not hedged; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Provisions for adverse deviation in the policy liabilities are not hedged; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">A portion of interest rate risk is not hedged; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Credit spreads widen and actions are not taken to adjust accordingly; </TD></TR></TABLE></div>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>52</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

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<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
<div style="max-width:100%;margin-left:-1%; margin-right:-1%;background-color:#e9edf2;;padding-top:2pt;padding-bottom:3pt">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Fund performance on a small portion of the underlying funds is not hedged due to lack of availability of effective exchange-traded hedge instruments; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Performance of the underlying funds hedged may differ from the performance of the corresponding hedge instruments; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Correlations between interest rates and equity markets could lead to unfavourable material impacts; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Unfavourable hedge rebalancing costs can be incurred during periods of high volatility from equity markets, bond markets and/or interest rates. The impact is magnified when these impacts occur concurrently; and
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Not all other risks are hedged. </TD></TR></TABLE></div> <P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:0%; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Macro Equity Risk Hedging Strategy
</B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><div style="max-width:100%;margin-left:-1%; margin-right:-1%;background-color:#e9edf2;;padding-top:2pt;padding-bottom:3pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">The objective of the macro equity risk hedging program is to maintain our overall earnings sensitivity to public equity
market movements within our Board approved risk appetite limits. The macro equity risk hedging program is designed to hedge earnings sensitivity due to movements in public equity markets arising from all sources (outside of dynamically hedged
exposures). Sources of equity market sensitivity addressed by the macro equity risk hedging program include: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Residual equity and currency exposure from variable annuity guarantees not dynamically hedged; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">General fund equity holdings backing non-participating liabilities; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Variable life insurance; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Unhedged provisions for adverse deviation related to variable annuity guarantees dynamically hedged; and </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Variable annuity fees not associated with guarantees and fees on segregated funds without guarantees, mutual funds and institutional assets managed. </TD></TR></TABLE></div>
<P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:0%; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Asset Liability Management Strategy </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><div style="max-width:100%;margin-left:-1%; margin-right:-1%;background-color:#e9edf2;;padding-top:2pt;padding-bottom:3pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">Our asset liability management strategy is designed to help ensure that the market risks embedded in our assets and
liabilities held in the Company&#146;s general fund are effectively managed and that risk exposures arising from these assets and liabilities are maintained below targeted levels. The embedded market risks include risks related to the level and
movement of interest rates and credit spreads, public equity market performance, ALDA performance and foreign exchange rate movements. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; padding-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">General fund product liabilities are segmented into groups with similar characteristics that are supported by
specific asset segments. We seek to manage each segment to a target investment strategy appropriate for the premium and benefit pattern, policyholder options and guarantees, and crediting rate strategies of the products they support. Similar
strategies are established for assets in the Company&#146;s surplus account. The strategies are set using portfolio analysis techniques intended to optimize returns, subject to considerations related to regulatory and economic capital requirements,
and risk tolerances. They are designed to achieve broad diversification across asset classes and individual investment risks while being suitably aligned with the liabilities they support. The strategies encompass asset mix, quality rating, term
profile, liquidity, currency and industry concentration targets. </P></div> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Products which feature guaranteed liability cash flows (i.e. where the projected net flows are
not materially dependent upon economic scenarios) are managed to a target return investment strategy. The products backed by this asset segment include: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Accumulation annuities (other than annuities with pass-through features), which are primarily short-to-medium-term obligations and offer interest rate guarantees for specified terms on single premiums. Withdrawals may
or may not have market value adjustments; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Payout annuities, which have no surrender options and include predictable and very long-dated obligations; and </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Insurance products, with recurring premiums extending many years in the future, and which also include a significant component of very long-dated obligations. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We seek to manage the assets backing these long-dated benefits to achieve a target return sufficient to support the obligations over their lifetime, subject to
established risk tolerances, by investing in a basket of diversified ALDA with the balance invested in fixed income securities. Utilizing ALDA to partially support these products is intended to enhance long-term investment returns and reduce
aggregate risk through diversification. The size of the target ALDA portfolio is dependent upon the size and term of each segment&#146;s liability obligations, subject to risk tolerance levels. We seek to manage fixed income assets to a benchmark
developed to minimize interest rate risk against the residual liabilities and to achieve target returns/spreads required to preserve long-term interest rate investment assumptions used in liability pricing. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">For insurance and annuity products where significant pass-through features exist, a total return strategy approach is used, generally combining fixed income and ALDA.
ALDA may be included to enhance long-term investment returns and reduce aggregate risk through diversification. Target investment strategies are established using portfolio analysis techniques that seek to optimize long-term investment returns while
considering the risks related to embedded product guarantees and policyholder withdrawal options, the impact of regulatory and economic capital requirements and management tolerances with respect to short-term income volatility and long-term tail
risk exposure. Shorter-duration liabilities such as fixed deferred annuities generally do not incorporate ALDA in their target asset mixes. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In our general fund, we
seek to limit concentration risk associated with ALDA performance by investing in a diversified basket of assets including public and private equities, commercial real estate, infrastructure, timber, farmland real estate, and oil and gas assets. We
further diversify risk by managing investments against established limits, including for industry type and corporate connection, commercial real estate type and geography, and timber and farmland property geography and crop type. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>53</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0%; font-size:9pt; font-family:ARIAL">Authority to manage our investment portfolios is delegated to investment professionals who manage to
benchmarks derived from the target investment strategies established for each segment, including interest rate risk tolerances. Interest rate risk exposure measures are monitored and communicated to portfolio managers with frequencies ranging from
daily to annually, depending on the type of liability. Asset portfolio rebalancing, accomplished using cash investments or derivatives, may occur at frequencies ranging from daily to monthly, depending on our established risk tolerances and the
potential for changes in the profile of the assets and liabilities. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:0%; font-size:9pt; font-family:ARIAL">Our asset liability management strategy incorporates a wide variety of risk
measurement, risk mitigation and risk management, and hedging processes. The liabilities and risks to which the Company is exposed, however, cannot be completely matched or hedged due to both limitations on instruments available in investment
markets and uncertainty of impact on liability cash flows from policyholder experience/behaviour. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:0%; font-size:9pt; font-family:ARIAL">As noted above, on December&nbsp;22, 2017 we
announced our decision to reduce the allocation to ALDA in the portfolio asset mix supporting our North American legacy businesses over the next 12-18 months. This decision will reduce our exposure to ALDA returns, excluding the impact of U.S. Tax
Reform, and excluding the impact of additional interest rate hedging, generally increases our exposure to changes in interest rates. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:0%; font-size:9.5pt; font-family:ARIAL"><FONT
 COLOR="#1f320c"><B>Foreign Exchange Risk Management Strategy </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><div style="max-width:100%;margin-left:-1%; margin-right:-1%;background-color:#e9edf2;;padding-top:2pt;padding-bottom:3pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">Our foreign exchange risk management strategy is designed to hedge the sensitivity of our regulatory capital ratios to
movements in foreign exchange rates. In particular, the objective of the strategy is to offset within acceptable tolerance levels, changes in required capital with changes in available capital that result from currency movements. These changes occur
when assets and liabilities related to business conducted in currencies other than Canadian dollars are translated to Canadian dollars at period ending exchange rates. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; padding-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">Our policy is to generally match the currency of our assets with the currency of the liabilities they support, and
similarly, to generally match the currency of the assets in our shareholders&#146; equity account to the currency of our required capital. Where assets and liabilities are not currency matched, we would seek to stabilize our capital ratios through
the use of forward contracts and currency swaps. </P></div> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:0%; font-size:9pt; font-family:ARIAL">Risk exposure limits are measured in terms of potential changes in capital ratios due to
foreign exchange rate movements, determined to represent a specified likelihood of occurrence based on internal models. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:0%; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Market Risk Sensitivities and Market Risk Exposure Measures </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:0%; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Variable Annuity and Segregated Fund Guarantees Sensitivities and Risk Exposure Measures </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><div style="max-width:100%;margin-left:-1%; margin-right:-1%;background-color:#e9edf2;;padding-top:2pt;padding-bottom:3pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">Guarantees on variable annuity products and segregated funds may include one or more of death, maturity, income and
withdrawal guarantees. Variable annuity and segregated fund guarantees are contingent and only payable upon the occurrence of the relevant event, if fund values at that time are below guaranteed values. Depending on future equity market levels,
liabilities on current in-force business would be due primarily in the period from 2018 to 2038. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">We seek to mitigate a portion of
the risks embedded in our retained (i.e. net of reinsurance) variable annuity and segregated fund guarantee business through the combination of our dynamic and macro hedging strategies (see &#147;Publicly Traded Equity Performance Risk&#148; below).
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; padding-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">The table below shows selected information regarding the Company&#146;s variable annuity and segregated fund
investment-related guarantees gross and net of reinsurance. </P></div> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Variable annuity and segregated fund guarantees, net of reinsurance
</B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><div style="max-width:100%;margin-left:-1%; margin-right:-1%;background-color:#e9edf2;;padding-top:2pt;padding-bottom:3pt">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="98%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="52%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="12" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="12"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT><br>($ millions)</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Guarantee<BR>value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Fund value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Amount<BR>at&nbsp;risk<SUP STYLE="font-size:85%; vertical-align:top">(4),(5)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Guarantee<BR>value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Fund value</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Amount<BR>at&nbsp;risk<SUP STYLE="font-size:85%; vertical-align:top">(4),(5)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Guaranteed minimum income benefit<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5,201</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,195</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,074</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,987</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">4,432</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,570</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Guaranteed minimum withdrawal benefit</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>61,767</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>56,512</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5,943</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68,594</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59,593</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,135</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Guaranteed minimum accumulation benefit</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>18,162</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>18,705</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>11</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">19,482</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">19,989</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">27</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Gross living benefits<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>85,130</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>79,412</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7,028</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">94,063</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">84,014</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,732</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Gross death
benefits<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>10,743</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>16,973</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,001</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">12,200</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">16,614</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,350</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total gross of reinsurance</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;95,873</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;96,385</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;8,029</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&nbsp;&nbsp;106,263</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&nbsp;&nbsp;100,628</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&nbsp;&nbsp;12,082</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Living benefits reinsured</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,522</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,667</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>911</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5,241</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,903</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,349</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Death benefits reinsured</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,014</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,040</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>435</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">3,429</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">3,202</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">564</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total reinsured</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>7,536</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>6,707</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,346</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">8,670</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">7,105</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,913</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total, net of reinsurance</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>88,337</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>89,678</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>6,683</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">97,593</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">93,523</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">10,169</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Contracts with guaranteed long-term care benefits are included in this category. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Where a policy includes both living and death benefits, the guarantee in excess of the living benefit is included in the death benefit category as outlined in footnote 3. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Death benefits include stand-alone guarantees and guarantees in excess of living benefit guarantees where both death and living benefits are provided on a policy. </TD></TR></TABLE></div>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>54</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
<div style="max-width:100%;margin-left:-1%; margin-right:-1%;background-color:#e9edf2;;padding-top:2pt;padding-bottom:3pt"> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Amount at risk (in-the-money amount) is the excess of guarantee values over fund values on all policies where the guarantee value exceeds the fund value. This amount is not currently payable. For guaranteed minimum
death benefit, the amount at risk is defined as the current guaranteed minimum death benefit in excess of the current account balance. For guaranteed minimum income benefit, the amount at risk is defined as the excess of the current annuitization
income base over the current account value. For all guarantees, the amount at risk is floored at zero at the single contract level. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The amount at risk net of reinsurance at December&nbsp;31, 2017 was $6,683 million (2016 &#150; $10,169 million) of which: US$3,982 million (2016 &#150; US$6,008 million) was on our U.S. business, $1,342 million (2016
&#150; $1,499 million) was on our Canadian business, US$95 million (2016 &#150; US$206 million) was on our Japan business and US$181 million (2016 &#150; US$244 million) was related to Asia (other than Japan) and our run-off reinsurance business.
</TD></TR></TABLE></div> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Investment categories for variable contracts with guarantees </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><div style="max-width:100%;margin-left:-1%; margin-right:-1%;background-color:#e9edf2;;padding-top:2pt;padding-bottom:3pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; font-size:9pt; font-family:ARIAL">Variable contracts with guarantees, including variable annuities and variable life, are invested, at the policyholder&#146;s discretion subject to
contract limitations, in various fund types within the segregated fund accounts and other investments. The account balances by investment category are set out below. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; padding-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, </B></FONT></P> <P STYLE="font-size:5pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="78%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL">($ millions)</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT
 COLOR="#1f320c"><B>Investment category</B></FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Equity funds</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>47,508</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">41,805</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Balanced funds</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>47,369</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57,571</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Bond funds</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>13,095</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,588</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Money market funds</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,905</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,127</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other fixed interest rate investments</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,777</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,807</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;111,654</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;114,898</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> </div> <P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:0%; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Caution Related to Sensitivities </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><div style="max-width:100%;margin-left:-1%; margin-right:-1%;background-color:#e9edf2;;padding-top:2pt;padding-bottom:3pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">In the sections that follow, we provide sensitivities and risk exposure measures for certain risks. These include
sensitivities due to specific changes in market prices and interest rate levels projected using internal models as at a specific date, and are measured relative to a starting level reflecting the Company&#146;s assets and liabilities at that date
and the actuarial factors, investment activity and investment returns assumed in the determination of policy liabilities. The risk exposures measure the impact of changing one factor at a time and assume that all other factors remain unchanged.
Actual results can differ significantly from these estimates for a variety of reasons including the interaction among these factors when more than one changes; changes in actuarial and investment return and future investment activity assumptions;
actual experience differing from the assumptions, changes in business mix, effective tax rates and other market factors; and the general limitations of our internal models. For these reasons, the sensitivities should only be viewed as directional
estimates of the underlying sensitivities for the respective factors based on the assumptions outlined below. Given the nature of these calculations, we cannot provide assurance that the actual impact on net income attributed to shareholders will be
as indicated </P></div> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0%; font-size:9pt; font-family:ARIAL">or on MLI&#146;s MCCSR ratio will be as indicated. As noted above, LICAT replaced the MCCSR regulatory capital framework on </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0%; font-size:9pt; font-family:ARIAL">January&nbsp;1,&nbsp;2018 and we will update the sensitivity measures for the change in capital framework in May 2018. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:0%; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Publicly Traded Equity Performance Risk Sensitivities and Exposure Measures </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0%; font-size:9pt; font-family:ARIAL">As outlined above, the macro hedging strategy is designed to mitigate public equity risk arising from variable annuity guarantees not dynamically hedged
and from other products and fees. In addition, our variable annuity guarantee dynamic hedging strategy is not designed to completely offset the sensitivity of policy liabilities to all risks associated with the guarantees embedded in these products.
</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><div style="max-width:100%;margin-left:-1%; margin-right:-1%;background-color:#e9edf2;;padding-top:2pt;padding-bottom:3pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">The table below shows the potential impact on net income attributed to shareholders resulting from an immediate 10%, 20%
and 30% change in market values of publicly traded equities followed by a return to the expected level of growth assumed in the valuation of policy liabilities. If market values were to remain flat for an entire year, the potential impact would be
roughly equivalent to an immediate decline in market values equal to the expected level of annual growth assumed in the valuation of policy liabilities. Further, if after market values dropped 10%, 20% or 30% they continued to decline, remained
flat, or grew more slowly than assumed in the valuation the potential impact on net income attributed to shareholders could be considerably more than shown. Refer to &#147;Sensitivity of Earnings to Changes in Assumptions&#148; for more information
on the level of growth assumed and on the net income sensitivity to changes in these long-term assumptions. The potential impact is shown after taking into account the impact of the change in markets on the hedge assets. While we cannot reliably
estimate the amount of the change in dynamically hedged variable annuity guarantee liabilities that will not be offset by the profit or loss on the dynamic hedge assets, we make certain assumptions for the purposes of estimating the impact on net
income attributed to shareholders. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">This estimate assumes that the performance of the dynamic hedging program would not completely offset the gain/loss from the
dynamically hedged variable annuity guarantee liabilities. It assumes that the hedge assets are based on the actual position at the period end, and that equity hedges in the dynamic program are rebalanced at 5% intervals. In addition, we assume that
the macro hedge assets are rebalanced in line with market changes. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; padding-bottom:0pt; font-size:9pt; font-family:ARIAL">It is also important to note that these estimates are illustrative, and that
the hedging program may underperform these estimates, particularly during periods of high realized volatility and/or periods where both interest rates and equity market movements are unfavourable. </P></div>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>55</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <div style="max-width:100%;margin-left:-1%; margin-right:-1%;background-color:#e9edf2;;padding-top:2pt;padding-bottom:3pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; font-size:9pt; font-family:ARIAL">The Standards of Practice for the valuation of insurance contract liabilities and guidance published by the CIA constrain the investment return
assumptions for public equities and certain ALDA assets based on historical return benchmarks for public equities. The potential impact on net income attributed to shareholders does not take into account possible changes to investment return
assumptions resulting from the impact of declines in public equity market values on these historical return benchmarks. </P></div> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Potential
immediate impact on net income attributed to shareholders arising from changes to public equity returns</B><SUP STYLE="font-size:85%; vertical-align:top">(1),(2),(3),(4)</SUP> </FONT></P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><div style="max-width:100%;margin-left:-1%; margin-right:-1%;background-color:#e9edf2;;padding-top:2pt;padding-bottom:3pt">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="55%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><B>As at December&nbsp;31, 2017</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">-30%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">-20%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">-10%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">10%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">20%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">30%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Underlying sensitivity to net income attributed to shareholders</B><SUP
STYLE="font-size:85%; vertical-align:top">(5)</SUP><B></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Variable annuity guarantees</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;(3,940</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;(2,260</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(960</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>670</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,110</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,410</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Asset based fees</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(510</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(340</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(170</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>170</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>340</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>510</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">General fund equity investments<SUP
STYLE="font-size:85%; vertical-align:top">(6)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(930</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(590</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(270</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>270</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>540</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>810</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total underlying sensitivity before hedging</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(5,380</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(3,190</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,400</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,110</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,990</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,730</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Impact of macro and dynamic hedge assets<SUP
STYLE="font-size:85%; vertical-align:top">(7)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>3,220</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,850</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>790</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(640</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1,100</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1,410</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net potential impact on net income after impact of
hedging</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(2,160</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1,340</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(610</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>470</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>890</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,320</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2016</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">-30%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">-20%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">-10%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">10%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">20%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">30%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" COLSPAN="4"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Underlying sensitivity to net income attributed to shareholders</B><SUP
STYLE="font-size:85%; vertical-align:top">(5)</SUP><B></B></P></TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B></B><SUP STYLE="font-size:85%; vertical-align:top"></SUP><B>&nbsp;</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Variable annuity guarantees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(4,830</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(2,920</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(1,290</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,690</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">2,170</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Asset based fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(410</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(280</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(140</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">140</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">280</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">410</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">General fund equity investments<SUP
STYLE="font-size:85%; vertical-align:top">(6)</SUP></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(910</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(590</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(270</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">240</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">490</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">750</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total underlying sensitivity before hedging</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6,150</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,790</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,700</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,380</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,460</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,330</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Impact of macro and dynamic hedge assets<SUP
STYLE="font-size:85%; vertical-align:top">(7)</SUP></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">4,050</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,440</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,060</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(910</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&nbsp;&nbsp;(1,610</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&nbsp;&nbsp;(2,160</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net potential impact on net income attributed to shareholders
after impact of hedging</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(2,100</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(1,350</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(640</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">470</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">850</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1,170</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">See &#147;Caution Related to Sensitivities&#148; above. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The sensitivities as at December&nbsp;31, 2017 include the impact of lower U.S. corporate tax rates effective January&nbsp;1, 2018. Due to the lower effective tax rate, the after-tax impact of changes to public equity
returns increases. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The tables above show the potential impact on net income attributed to shareholders resulting from an immediate 10%, 20% and 30% change in market values of publicly traded equities followed by a return to the expected
level of growth assumed in the valuation of policy liabilities. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Please refer to &#147;Sensitivity of Earnings to Changes in Assumptions&#148; for more information on the level of growth assumed and on the net income sensitivity to changes in these long-term assumptions.
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Defined as earnings sensitivity to a change in public equity markets including settlements on reinsurance contracts, but before the offset of hedge assets or other risk mitigants. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">This impact for general fund equities is calculated as at a point-in-time and does not include: (i)&nbsp;any potential impact on public equity weightings; (ii)&nbsp;any gains or losses on AFS public equities held in the
Corporate and Other segment; or (iii)&nbsp;any gains or losses on public equity investments held in Manulife Bank. The participating policy funds are largely self-supporting and generate no material impact on net income attributed to shareholders as
a result of changes in equity markets. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(7)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Includes the impact of rebalancing equity hedges in the macro and dynamic hedging program. The impact of dynamic hedge rebalancing represents the impact of rebalancing equity hedges for dynamically hedged variable
annuity guarantee best estimate liabilities at 5% intervals, but does not include any impact in respect of other sources of hedge ineffectiveness (e.g. fund tracking, realized volatility and equity, interest rate correlations different from expected
among other factors). </TD></TR></TABLE></div> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:0%; font-size:9pt; font-family:ARIAL">Changes in equity markets impact our available and required components of the MCCSR ratio. The following
table shows the potential impact to MLI&#146;s MCCSR ratio resulting from changes in public equity market values, assuming that the change in the value of the hedge assets does not completely offset the change of the related variable annuity
guarantee liabilities. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:0%; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Potential immediate impact on MLI&#146;s MCCSR ratio arising from public equity returns different
than the expected return for policy liability valuation</B><SUP STYLE="font-size:85%; vertical-align:top">(1),(2),(3),(4)</SUP><B> </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="22" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>Impact on MLI&#146;s MCCSR ratio</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>Percentage points</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">-30%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">-20%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">-10%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">10%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">20%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">30%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>December&nbsp;31, 2017</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(14</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(8</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(4</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>11</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>14</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">December&nbsp;31, 2016</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(12</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(8</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(4</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="0%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">See &#147;Caution Related to Sensitivities&#148; above. In addition, estimates exclude changes to the net actuarial gains/losses with respect to the Company&#146;s pension obligations as a result of changes in equity
markets, as the impact on the quoted sensitivities is not considered to be material. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="0%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The sensitivities as at December&nbsp;31, 2017 include the impact of lower U.S. corporate tax rates effective January&nbsp;1, 2018. Due to the lower effective tax rate, the after-tax impact of changes to public equity
returns increases. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="0%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The potential impact is shown assuming that the change in value of the hedge assets does not completely offset the change in the dynamically hedged variable annuity guarantee liabilities. The estimated amount that would
not be completely offset relates to our practices of not hedging the provisions for adverse deviation and of rebalancing equity hedges for dynamically hedged variable annuity liabilities at 5% intervals. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="0%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">OSFI rules for segregated fund guarantees reflect full capital impacts of shocks over 20 quarters within a prescribed range. As such, the deterioration in equity markets could lead to further increases in capital
requirements after the initial shock. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>56</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0%; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Interest Rate and Spread Risk Sensitivities and Exposure Measures
</B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><div style="max-width:100%;margin-left:-1%; margin-right:-1%;background-color:#e9edf2;;padding-top:2pt;padding-bottom:3pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">At December&nbsp;31, 2017, we estimated the sensitivity of our net income attributed to shareholders to a 50 basis point
parallel decline in interest rates to be a charge of $200 million, and to a 50 basis point increase in interest rates to be a benefit of $100 million. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">The table below shows the potential impact on net income attributed to shareholders from a 50 basis point parallel move in interest
rates. This includes a change of 50 basis points in current government, swap and corporate rates for all maturities across all markets </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">with no change in credit spreads between government, swap and corporate rates, and with a floor of zero on government rates where
government rates are not currently negative, relative to the rates assumed in the valuation of policy liabilities, including embedded derivatives. For variable annuity guarantee liabilities that are dynamically hedged, it is assumed that interest
rate hedges are rebalanced at 20 basis point intervals. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">As the sensitivity to a 50 basis point change in interest rates includes any
associated change in the applicable reinvestment scenarios, the impact of changes to interest rates for less than, or more than 50 basis points is unlikely to be linear. Furthermore, our sensitivities are not consistent across all regions in which
we operate, and the impact of yield curve changes will vary depending upon the geography where the change occurs. Reinvestment assumptions used in the valuation of policy liabilities tend to amplify the negative effects of a decrease in interest
rates, and dampen the positive effects of interest rate increases. This is because the reinvestment assumptions used in the valuation of our insurance liabilities are based on interest rate scenarios and calibration criteria set by the Actuarial
Standards Board, while our interest rate hedges are valued using current market interest rates. Therefore, in any particular quarter, changes to the reinvestment assumptions are not fully aligned to changes in current market interest rates
especially when there is a significant change in the shape of the interest rate curve. As a result, the impact from non-parallel movements may be materially different from the estimated impact of parallel movements. For example, if long-term
interest rates increase more than short-term interest rates (sometimes referred to as a steepening of the yield curve) in North America, the decrease in the value of our swaps may be greater than the decrease in the value of our insurance
liabilities. This could result in a charge to net income attributed to shareholders in the short-term even though the rising and steepening, if sustained, may have a positive long-term economic impact. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">The potential impact on net income attributed to shareholders does not take into account any future potential changes to our URR
assumptions or calibration criteria for stochastic risk-free rates or other potential impacts of lower interest rate levels, for example, increased strain on the sale of new business or lower interest earned on our surplus assets. The impact also
does not reflect any unrealized gains or losses on AFS fixed income assets held in our surplus segment. Changes in the market value of these assets may provide a natural economic offset to the interest rate risk arising from our product liabilities.
In order for there to also be an accounting offset, the Company would need to realize a portion of the AFS fixed income asset unrealized gains or losses. It is not certain we would crystallize any of the unrealized gains or losses available. As at
December&nbsp;31, 2017, the AFS fixed income assets held in the surplus segment were in a net after-tax unrealized loss position of $223 million. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">The impact does not reflect any potential effect of changing interest rates to the value of our ALDA assets. Rising interest rates could
negatively impact the value of our ALDA assets (see &#147;Critical Accounting and Actuarial Policies &#150; Fair Value of Invested Assets&#148;, below). More information on ALDA can be found under the section &#147;Alternative Long-Duration Asset
Performance Risk Sensitivities and Exposure Measures&#148;, below. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; padding-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">The following table shows the potential
impact on net income attributed to shareholders including the change in the market value of AFS fixed income assets held in our surplus segment, which could be realized through the sale of these assets. </P></div>
<P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:0%; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Potential impact on net income attributed to shareholders and MLI&#146;s MCCSR ratio of an immediate parallel change in interest
rates relative to rates assumed in the valuation of policy
liabilities<SUP STYLE="font-size:85%; vertical-align:top"></SUP></B><SUP STYLE="font-size:85%; vertical-align:top"></SUP></FONT><FONT STYLE="font-family:ARIAL; font-size:6pt" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">(1),(2),(3),(4),(5)
<B></B></SUP><B> </B></FONT></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="80%"></TD>
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<TD></TD></TR>
<TR BGCOLOR="#e9edf2" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:2pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="bottom">&nbsp;</TD>
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<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
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<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#e9edf2" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#e9edf2" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">-50bp</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">+50bp</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">-50bp</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">+50bp</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD></TR>


<TR BGCOLOR="#e9edf2" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net income attributed to shareholders ($ millions)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#e9edf2" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Excluding change in market value of AFS fixed income assets held in the surplus segment</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(200</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>100</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">$</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#e9edf2" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">From fair value changes in AFS fixed income assets held in surplus, if realized</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;1,100</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;(1,000)</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;1,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;(900)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>MLI&#146;s MCCSR ratio (Percentage points)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Before impact of change in market value of AFS fixed income assets held in the surplus segment<SUP
STYLE="font-size:85%; vertical-align:top">(6)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(7</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(6</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;5&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">From fair value changes in AFS fixed income assets held in
surplus, if realized</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(5</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(4)&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><div style="max-width:100%;margin-left:-1%; margin-right:-1%;background-color:#e9edf2;;padding-top:2pt;padding-bottom:3pt">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">See &#147;Caution Related to Sensitivities&#148; above. In addition, estimates exclude changes to the net actuarial gains/losses with respect to the Company&#146;s pension obligations as a result of changes in interest
rates, as the impact on the quoted sensitivities is not considered to be material. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The sensitivities as at December&nbsp;31, 2017 include the impact of lower U.S. corporate tax rates effective January&nbsp;1, 2018 and the decision to change the portfolio asset mix supporting our legacy businesses over
the next 12-18 months. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Includes guaranteed insurance and annuity products, including variable annuity contracts as well as adjustable benefit products where benefits are generally adjusted as interest rates and investment returns change, a
portion of which have minimum credited rate guarantees. For adjustable benefit products subject to minimum rate guarantees, the sensitivities are based on the assumption that credited rates will be floored at the minimum. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The amount of gain or loss that can be realized on AFS fixed income assets held in the surplus segment will depend on the aggregate amount of unrealized gain or loss. </TD></TR></TABLE></div>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>57</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
<div style="max-width:100%;margin-left:-1%; margin-right:-1%;background-color:#e9edf2;;padding-top:2pt;padding-bottom:3pt"> <P STYLE="font-size:0pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Sensitivities are based on projected asset and liability cash flows and the impact of realizing fair value changes in AFS fixed income is based on the holdings at the end of the period. </TD></TR></TABLE></div>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The impact on MLI&#146;s MCCSR ratio includes both the impact of lower earnings on available capital as well as the increase in required capital that results from a decline in </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="right">interest</TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">rates. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:0%; font-size:9pt; font-family:ARIAL">The $200 million increase in sensitivity to a 50 basis point decline in interest rates from
December&nbsp;31, 2016 was primarily due to normal rebalancing as part of our interest risk hedging program and our decision to reduce the allocation to ALDA in the portfolio asset mix supporting our North American legacy businesses over the next
12-18 months. Since the decision to change the portfolio asset mix supporting our legacy businesses requires us to complete multiple asset dispositions over the next 12-18 months, we are exposed to the rates at which the proceeds from these
dispositions can be reinvested. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:0%; font-size:9pt; font-family:ARIAL">The following tables show the potential impact on net income attributed to shareholders resulting from a change in
corporate spreads and swap spreads over government bond rates for all maturities across all markets with a floor of zero on the total interest rate, relative to the spreads assumed in the valuation of policy liabilities. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:0%; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Potential impact on net income attributed to shareholders arising from changes to corporate spreads and swap spreads<SUP
STYLE="font-size:85%; vertical-align:top"></SUP></B><SUP STYLE="font-size:85%; vertical-align:top"></SUP></FONT><FONT STYLE="font-family:ARIAL; font-size:6pt" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">(1),(2),(3),(4)<B></B></SUP>
<B> </B></FONT></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><div style="max-width:100%;margin-left:-1%; margin-right:-1%;background-color:#e9edf2;;padding-top:2pt;padding-bottom:3pt">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="87%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B> <SUP STYLE="font-size:85%; vertical-align:top"></SUP></FONT><br>($ millions)</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>2016</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Corporate spreads</B><SUP STYLE="font-size:85%; vertical-align:top">(5),(6)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Increase 50 basis points</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;1,000</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">700</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Decrease 50 basis points</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right"><B>(1,000</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(800</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Swap spreads</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Increase 20 basis points</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>$</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>(400</B></TD>
<TD NOWRAP VALIGN="bottom"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(500</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Decrease 20 basis points</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right"><B>400</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">500</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">See &#147;Caution Related to Sensitivities&#148; above. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The sensitivities as at December&nbsp;31, 2017 include the impact of lower U.S. corporate tax rates effective January&nbsp;1, 2018 and the decision to change the portfolio asset mix of our North American legacy
businesses over the next 12-18 months. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The impact on net income attributed to shareholders assumes no gains or losses are realized on our AFS fixed income assets held in the surplus segment and excludes the impact of changes in segregated fund bond values
due to changes in credit spreads. The participating policy funds are largely self-supporting and generate no material impact on net income attributed to shareholders as a result of changes in corporate and swap spreads. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Sensitivities are based on projected asset and liability cash flows. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Corporate spreads are assumed to grade to the long-term average over five years. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">As the sensitivity to a 50 basis point decline in corporate spreads includes the impact of a change in deterministic reinvestment scenarios where applicable, the impact of changes to corporate spreads for less than, or
more than, the amounts indicated are unlikely to be linear. </TD></TR></TABLE></div> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:0%; font-size:9pt; font-family:ARIAL">The $200 million increase in sensitivity to a 50 basis point decline
in corporate spreads from December&nbsp;31, 2016 was primarily due to our decision to reduce the allocation to ALDA in the portfolio asset mix supporting our North American legacy businesses over the next 12-18 months and the lower U.S. corporate
tax rates effective January&nbsp;1, 2018. Since the decision to change the portfolio asset mix supporting our legacy businesses requires us to complete multiple asset dispositions over the next 12-18 months, we are exposed to the rates at which the
proceeds from these dispositions can be reinvested. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:0%; font-size:9pt; font-family:ARIAL">Swap spreads remain at low levels, and if they were to rise, this could generate material charges
to net income attributed to shareholders. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:0%; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Alternative Long-Duration Asset Performance Risk Sensitivities and Exposure
Measures </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><div style="max-width:100%;margin-left:-1%; margin-right:-1%;background-color:#e9edf2;;padding-top:2pt;padding-bottom:3pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">The following table shows the potential impact on net income attributed to shareholders resulting from an immediate 10%
change in market values of ALDA followed by a return to the expected level of growth assumed in the valuation of policy liabilities. If market values were to remain flat for an entire year, the potential impact would be roughly equivalent to an
immediate decline in market values equal to the expected level of annual growth assumed in the valuation of policy liabilities. Further, if after market values dropped 10% they continued to decline, remained flat, or grew more slowly than assumed in
the valuation of policy liabilities, the potential impact on net income attributed to shareholders could be considerably more than shown. Refer to &#147;Sensitivity of Earnings to Changes in Assumptions&#148; below, for more information on the level
of growth assumed and on the net income sensitivity to changes in these long-term assumptions. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; padding-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">ALDA includes
commercial real estate, timber and farmland real estate, oil and gas direct holdings, and private equities, some of which relate to oil and gas. </P></div>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>58</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0%; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Potential impact on net income attributed to shareholders arising from changes
in ALDA returns</B><SUP STYLE="font-size:85%; vertical-align:top">(1),(2),(3),(4),(5),(6),(7)</SUP> </FONT></P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><div style="max-width:100%;margin-left:-1%; margin-right:-1%;background-color:#e9edf2;;padding-top:2pt;padding-bottom:3pt">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="65%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></P>
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:7pt">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">-10%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">10%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">-10%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">10%</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Real estate, agriculture and timber assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>$&nbsp;&nbsp;(1,300</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;1,300</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;(1,300</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;1,200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Private equities and other ALDA</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1,500</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,400</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(1,200</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,200</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Alternative long-duration assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>$&nbsp;&nbsp;(2,800</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;2,700</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(2,500</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">2,400</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">See &#147;Caution Related to Sensitivities&#148; above. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The sensitivities as at December&nbsp;31, 2017 include the impact of lower U.S. corporate tax rates effective January&nbsp;1, 2018. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">This impact is calculated as at a point-in-time impact and does not include: (i)&nbsp;any potential impact on ALDA weightings or (ii)&nbsp;any gains or losses on ALDA held in the Corporate and Other segment.
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The participating policy funds are largely self-supporting and generate no material impact on net income attributed to shareholders as a result of changes in ALDA returns. For some classes of ALDA, where there is not an
appropriate long-term benchmark available, the return assumptions used in valuation are not permitted by the Standards of Practice and CIA guidance to result in a lower reserve than an assumption based on a historical return benchmark for public
equities in the same jurisdiction. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Net income impact does not consider any impact of the market correction on assumed future return assumptions. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Please refer to &#147;Sensitivity of Earnings to Changes in Assumptions&#148; below, for more information on the level of growth assumed and on the net income sensitivity to changes in these long-term assumptions.
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(7)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The sensitivities as at December&nbsp;31, 2017 do not include the impact of the decision to change the portfolio asset mix supporting our North American legacy business as no changes to the portfolio had been made as of
that date. The reduction in the allocation to ALDA in the portfolio asset mix will be reflected in the sensitivity as it occurs over the next 12-18 months. </TD></TR></TABLE></div>
<P STYLE="margin-top:9pt; margin-bottom:0pt; margin-left:0%; font-size:9pt; font-family:ARIAL">The $300 million increase in sensitivity to a 10% decline in alternative long-duration assets from December&nbsp;31, 2016 was primarily due to the lower
U.S. corporate income tax rates effective January&nbsp;1, 2018. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:0%; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Foreign Exchange Risk Sensitivities and Exposure Measures
</B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><div style="max-width:100%;margin-left:-1%; margin-right:-1%;background-color:#e9edf2;;padding-top:2pt;padding-bottom:3pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">The Company generally matches the currency of its assets with the currency of the insurance and investment contract
liabilities they support, with the objective of mitigating risk of loss arising from currency exchange rate changes. As at December&nbsp;31, 2017, the Company did not have a material unmatched currency exposure. </P></div>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:0%; font-size:9pt; font-family:ARIAL">The following table shows the potential impact on core earnings of a 10% change in the Canadian dollar relative to our key operating currencies. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:0%; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Potential impact on core earnings<SUP STYLE="font-size:85%; vertical-align:top"></SUP></B><SUP
STYLE="font-size:85%; vertical-align:top"></SUP></FONT><FONT STYLE="font-family:ARIAL; font-size:6pt" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">(1),(2),(3) <B></B></SUP><B> </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" ALIGN="center">


<TR>
<TD WIDTH="64%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="8" BGCOLOR="#dde0da"></TD>
<TD HEIGHT="5" COLSPAN="4"></TD>
<TD HEIGHT="5" COLSPAN="8"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">+10%<BR>strengthening</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">-10%<BR>weakening</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">+10%<BR>strengthening</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">-10%<BR>weakening</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">10% change in the Canadian dollar relative to the U.S. dollar and the Hong Kong dollar</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;(280)</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;280</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">$&nbsp;&nbsp;(230</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;230</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">10% change in the Canadian dollar relative to the Japanese
yen</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(60)</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>60</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(50</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">50</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">This item is a non-GAAP measure. See &#147;Performance and Non-GAAP Measures&#148; below. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">See &#147;Caution Related to Sensitivities&#148; above. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The sensitivities as at December&nbsp;31, 2017 include the impact of lower U.S. corporate tax rates effective January&nbsp;1, 2018. </TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:0%; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Liquidity Risk </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0%; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Liquidity risk is the risk of not having access to sufficient funds or liquid assets to meet both expected and unexpected cash
and collateral demands. </B></FONT></P> <P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:0%; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Liquidity Risk Management Strategy </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><div style="max-width:100%;margin-left:-1%; margin-right:-1%;background-color:#e9edf2;;padding-top:2pt;padding-bottom:3pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">Global liquidity management policies and procedures are designed to provide adequate liquidity to cover cash and
collateral obligations as they come due, and to sustain and grow operations in both normal and stressed conditions. They reflect legal, regulatory, tax, operational or economic impediments to inter-entity funding. The asset mix of our balance sheet
takes into account the need to hold adequate unencumbered and appropriate liquid assets to satisfy the requirements arising under stressed scenarios and to allow our liquidity ratios to remain strong. We manage liquidity centrally and closely
monitor the liquidity positions of our principal subsidiaries. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; padding-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">We seek to mitigate liquidity risk by
diversifying our business across different products, markets, geographical regions and policyholders. We design insurance products to encourage policyholders to maintain their policies in-force, to help generate a diversified and stable flow of
recurring premium income. We design the policyholder termination features of our wealth management products and related investment strategies with the goal of mitigating the financial exposure and liquidity risk related to unexpected policyholder
terminations. We establish and implement investment strategies intended to match the term profile of the assets to the liabilities they support, taking into account the potential for unexpected policyholder terminations and resulting liquidity
needs. Liquid assets represent a large portion of our total assets. We aim to reduce liquidity risk in our deposit funded businesses by diversifying our </P></div>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>59</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
<div style="max-width:100%;margin-left:-1%; margin-right:-1%;background-color:#e9edf2;;padding-top:2pt;padding-bottom:3pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">funding sources and appropriately managing the term structure of our funding. We forecast and monitor daily operating
liquidity and cash movements in various individual entities and operations as well as centrally, aiming to ensure liquidity is available and cash is employed optimally. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">We also maintain centralized cash pools and access to other sources of liquidity and contingent liquidity such as repurchase funding
agreements. Our centralized cash pool consists of cash or near-cash, high quality short-term investments that are continually monitored for their credit quality and market liquidity. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">We have established a variety of contingent funding sources. We maintain a $500 million committed unsecured revolving credit facility
with certain Canadian chartered banks available for MFC, and a US$500 million committed unsecured revolving credit facility with certain U.S. banks available for MFC and certain of its subsidiaries. There were no outstanding borrowings under these
credit facilities as of December&nbsp;31, 2017. In addition, JHUSA is a member of the Federal Home Loan Bank of Indianapolis (&#147;FHLBI&#148;), which enables the Company to obtain loans from FHLBI as an alternative source of liquidity that is
collateralized by qualifying mortgage loans, mortgage-backed securities and U.S. Treasury and Agency securities. Based on regulatory limitations, as of December&nbsp;31, 2017, JHUSA had an estimated maximum borrowing capacity of US$4.3 billion under
the FHLBI facility, with no amounts outstanding. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; padding-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">The following table outlines the maturity of the Company&#146;s
significant financial liabilities. </P></div> <P STYLE="margin-top:14pt; margin-bottom:0pt; margin-left:0%; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Maturity of financial
liabilities<SUP STYLE="font-size:85%; vertical-align:top">(1) </SUP> </B></FONT></P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><div style="max-width:100%;margin-left:-1%; margin-right:-1%;background-color:#e9edf2;;padding-top:2pt;padding-bottom:3pt">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="57%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31, 2017</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Less than<BR>1 year</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">1&nbsp;to&nbsp;3&nbsp;years</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">3&nbsp;to&nbsp;5&nbsp;years</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Over<BR>5&nbsp;years</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Long-term debt</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>401</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>626</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;3,758</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,785</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Capital instruments</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>8,387</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>8,387</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Derivatives</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>224</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>149</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>168</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7,281</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7,822</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Deposits from Bank clients<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>15,322</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,373</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,436</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>18,131</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Lease obligations</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>126</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>172</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>89</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>451</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>838</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The amounts shown above are net of the related unamortized deferred issue costs. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="right"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD>
<TD WIDTH="1%" VALIGN="top" STYLE="font-size:8pt">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Carrying value and fair value of deposits from Bank clients as at December&nbsp;31, 2017 was $18,131 million and $18,149 million, respectively (2016 &#150; $17,919 million and $17,978 million, respectively). Fair value
is determined by discounting contractual cash flows, using market interest rates currently offered for deposits with similar terms and conditions. All deposits from Bank clients were categorized in Level 2 of the fair value hierarchy (2016 &#150;
Level 2). </TD></TR></TABLE> <P STYLE="margin-top:9pt; margin-bottom:0pt; padding-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">Through the normal course of business, pledging of assets is required to comply with
jurisdictional regulatory and other requirements including collateral pledged to partially mitigate derivative counterparty credit risk, assets pledged to exchanges as initial margin and assets held as collateral for repurchase funding agreements.
Total unencumbered assets were $396.8 billion as at December&nbsp;31, 2017 (2016 &#150; $396.3 billion). </P></div> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Liquidity Risk Exposure
Measures </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><div style="max-width:100%;margin-left:-1%; margin-right:-1%;background-color:#e9edf2;;padding-top:2pt;padding-bottom:3pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">We manage liquidity levels of the consolidated group and key subsidiaries against established thresholds. We measure
liquidity under both immediate (within one month) and ongoing (within one year) stress scenarios. Our policy is to maintain the ratio of assets to liabilities, both adjusted for their liquidity values, above the pre-established limit. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; padding-bottom:0pt; margin-left:1%; margin-right:1%; font-size:9pt; font-family:ARIAL">Increased use of derivatives for hedging purposes has necessitated greater emphasis on measurement and management of
contingent liquidity risk related to these instruments. The market value of our derivative portfolio is therefore regularly stress tested to assess the potential collateral and cash settlement requirements under various market conditions. </P></div>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:0%; font-size:9pt; font-family:ARIAL">Manulife Bank (the &#147;Bank&#148;) has a stand-alone liquidity risk management policy framework. The framework includes stress testing, cash flow
modeling, a funding plan and a contingency plan. The Bank has an established securitization infrastructure which enables the Bank to access a range of funding and liquidity sources. The Bank models extreme but plausible stress scenarios that
demonstrate that the Bank has a sufficient pool of highly liquid money market securities and holdings of sovereign bonds, near-sovereign bonds and other liquid marketable securities, which when combined with the Bank&#146;s capacity to securitize
residential mortgage assets provides sufficient liquidity to meet potential requirements under these stress scenarios. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Credit Risk
</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Credit risk is the risk of loss due to the inability or unwillingness of a borrower or counterparty to fulfill its payment
obligations. </B></FONT></P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Credit Risk Management Strategy </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Credit risk is governed by the Credit Committee which oversees the overall credit risk management program. The Company has established objectives for overall quality and
diversification of our general fund investment portfolio and criteria for the selection of counterparties, including derivative counterparties, reinsurers and insurance providers. Our policies establish exposure limits by borrower, corporate
connection, quality rating, industry, and geographic region, and govern the usage of credit derivatives. Corporate connection limits vary according to risk rating. Our general fund fixed income investments are primarily public and private investment
grade bonds and commercial mortgages. We have a program for selling Credit Default Swaps (&#147;CDS&#148;) that employs a highly selective, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>60</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
diversified and conservative approach. CDS decisions follow the same underwriting standards as our cash bond portfolio and the addition of this asset class allows us to better diversify our
overall credit portfolio. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Our credit granting units follow a defined evaluation process that provides an objective assessment of credit proposals. We assign a risk
rating, based on a standardized 22-point scale consistent with those of external rating agencies, following a detailed examination of the borrower that includes a review of business strategy, market competitiveness, industry trends, financial
strength, access to funds, and other risks facing the counterparty. We assess and update risk ratings regularly. For additional input to the process, we also assess credit risks using a variety of industry standard market-based tools and metrics. We
map our risk ratings to pre-established probabilities of default and loss given defaults, based on historical industry and Company experience, and to resulting default costs. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We establish delegated credit approval authorities and make credit decisions on a case-by-case basis at a management level appropriate to the size and risk level of the
transaction, based on the delegated authorities that vary according to risk rating. Major credit decisions are approved by the Credit Committee and the largest decisions are approved by the CEO and, in certain cases, by the Board of Directors. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We limit the types of authorized derivatives and applications and require pre-approval of all derivative application strategies and regular monitoring of the
effectiveness of derivative strategies. Derivative counterparty exposure limits are established based on a minimum acceptable counterparty credit rating (generally A- from internationally recognized rating agencies). We measure derivative
counterparty exposure as net potential credit exposure, which takes into consideration mark-to-market values of all transactions with each counterparty, net of any collateral held, and an allowance to reflect future potential exposure. Reinsurance
counterparty exposure is measured reflecting the level of ceded liabilities net of collateral held. The creditworthiness of all reinsurance counterparties is reviewed internally on a regular basis. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Regular reviews of the credits within the various portfolios are undertaken with the goal of identifying changes to credit quality and, where appropriate, taking
corrective action. Prompt identification of problem credits is a key objective. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We establish an allowance for losses on a loan when it becomes impaired as a result
of deterioration in credit quality, to the extent there is no longer assurance of timely realization of the carrying value of the loan and related investment income. We reduce the carrying value of an impaired loan to its estimated net realizable
value when we establish the allowance. We establish an allowance for losses on reinsurance contracts when a reinsurance counterparty becomes unable or unwilling to fulfill its contractual obligations. We base the allowance for loss on current
recoverables and ceded policy liabilities. There is no assurance that the allowance for losses will be adequate to cover future potential losses or that additional allowances or asset write-downs will not be required. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Policy liabilities include general provisions for credit losses from future asset impairments. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Our credit policies, procedures and investment strategies are established under a strong governance framework and are designed to ensure that risks are identified,
measured and monitored consistent with our risk appetite. We seek to actively manage credit exposure in our investment portfolio to reduce risk and minimize losses, and derivative counterparty exposure is managed proactively. However, we could
experience volatility on a quarterly basis and losses could potentially rise above long-term expected and historical levels. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Credit Risk
Exposure Measures </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">As at December&nbsp;31, 2017 and December&nbsp;31, 2016, for every 50% that credit defaults over the next year exceed the rates provided
for in policy liabilities, net income attributed to shareholders would be reduced by $63 million and $54 million in each year, respectively. The exposure measure as at December&nbsp;31, 2017 includes the impact of lower U.S. corporate tax rates in
2018. In addition, credit downgrades would adversely impact our regulatory capital, as required capital levels for fixed income investments are based on the credit quality of each instrument. In addition, credit downgrades could also be higher than
assumed in policy liabilities, resulting in policy liability increases and a reduction in net income attributed to shareholders. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The table below shows net impaired
assets and allowances for loan losses. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Net Impaired Assets and Loan Losses </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions, unless otherwise stated)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net impaired fixed income assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>173</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">224</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net impaired fixed income assets as a % of total invested assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.052%</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.070%</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Allowance for loan losses</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>85</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">118</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>61</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

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</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Insurance Risk </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Insurance risk is the risk of loss due to actual experience for mortality and morbidity claims, policyholder behaviour and expenses emerging
differently than assumed when a product was designed and priced with respect to. </B></FONT></P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Insurance Risk Management Strategy
</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Insurance risk is governed by the Product Oversight Committee which oversees the overall insurance risk management program. The Committee has established
a broad framework for managing insurance risk under a set of policies, standards and guidelines, to ensure that our product offerings align with our risk taking philosophy and risk limits, and achieve acceptable profit margins. These cover: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV STYLE="position:relative;float:left; width:48%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="11" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">product design features </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="11" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">use of reinsurance </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="11" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">pricing models and software </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="11" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">internal risk-based capital allocations </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="11" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">target profit objectives
</TD></TR></TABLE></DIV><DIV STYLE="position:relative;float:left; margin-left:3%; width:49%;padding-right:0%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="11" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">pricing methods and assumption setting </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">stochastic and stress scenario testing </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">required documentation </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">review and approval processes </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">experience monitoring programs </TD></TR></TABLE></div><div style="clear:both; height:0pt; font-size:0pt">&nbsp;</div>
 <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In each business unit that sells products with
insurance risks, we designate individual pricing officers who are accountable for pricing activities, chief underwriters who are accountable for underwriting activities and chief claims risk managers who are accountable for claims activities. Both
the pricing officer and the general manager of each business unit approve the design and pricing of each product, including key claims, policyholder behaviour, investment return and expense assumptions, in accordance with global policies and
standards. Risk management functions provide additional oversight, review and approval of all product and pricing initiatives, as well as material underwriting initiatives. Actuarial functions provide oversight review and approval of policy
liability valuation methods and assumptions. In addition, both risk and actuarial functions review and approve new reinsurance arrangements. We perform annual risk and compliance self-assessments of the product development, pricing, underwriting and
claims activities of all businesses. To leverage best practices, we facilitate knowledge transfer between staff working with similar businesses in different geographies. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We utilize a global underwriting manual intended to ensure insurance underwriting practices for direct written life business are consistent across the organization while
reflecting local conditions. Each business unit establishes underwriting policies and procedures, including criteria for approval of risks and claims adjudication policies and procedures. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We apply retention limits per insured life that are intended to reduce our exposure to individual large claims which are monitored in each business unit. These retention
limits vary by market and jurisdiction. We reinsure exposure in excess of these limits with other companies. Our current global life retention limit is US$30 million for individual policies (US$35 million for survivorship life policies) and is
shared across businesses. We apply lower limits in some markets and jurisdictions. We aim to further reduce exposure to claims concentrations by applying geographical aggregate retention limits for certain covers. Enterprise-wide, we aim to reduce
the likelihood of high aggregate claims by operating globally, insuring a wide range of unrelated risk events, and reinsuring some risks. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We seek to actively manage
the Company&#146;s aggregate exposure to each of policyholder behaviour risk and claims risk against enterprise-wide economic capital limits. Policyholder behaviour risk limits cover the combined risk arising from policy lapses and surrenders,
withdrawals and other policyholder driven activity. The claims risk limits cover the combined risk arising from mortality, longevity and morbidity. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Internal
experience studies, as well as trends in our experience and that of the industry, are monitored to update current and projected claims and policyholder behaviour assumptions, resulting in updates to policy liabilities as appropriate. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Operational Risk </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Operational risk is the risk of loss resulting from inadequate or failed internal processes, systems failures, human-performance failures or from
external events. </B></FONT></P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Operational Risk Management Strategy </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Our corporate governance practices, corporate values, and integrated enterprise-wide approach to managing risk set the foundation for mitigating operational risks. This
base is further strengthened by internal controls and systems, compensation programs, and seeking to hire and retain trained and competent people throughout the organization. We align compensation programs with business strategy, long-term
shareholder value and good governance practices, and we benchmark these compensation practices against peer companies. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We have an enterprise operational risk
management framework that sets out the processes we use to identify, assess, manage, mitigate and report on significant operational risk exposures. Execution of our operational risk management strategy supports the drive towards a focus on the
effective management of our key global operational risks. We have an Operational Risk Committee, which is the main decision-making committee for all operational risk matters and which has oversight responsibility for operational risk strategy,
management and governance. We have enterprise-wide risk management programs for specific operational risks that could materially impact our ability to do business or impact our reputation. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Legal and Regulatory Risk Management Strategy </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Global Compliance oversees our regulatory compliance program and function, supported by designated Chief Compliance Officers in every Division. The program is designed to
promote compliance with regulatory obligations worldwide and to assist in making the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>62</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

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Company&#146;s employees aware of the laws and regulations that affect it, and the risks associated with failing to comply. Divisional compliance groups monitor emerging legal and regulatory
issues and changes, and prepare us to address new requirements. Global Compliance also independently assesses and monitors the effectiveness of a broad range of regulatory compliance processes and business practices against potential legal,
regulatory, fraud and reputation risks, and allows significant issues to be escalated and proactively mitigated. Among these processes and business practices are: privacy (i.e. handling of personal and other confidential information), sales and
marketing practices, sales compensation practices, asset management practices, fiduciary responsibilities, employment practices, underwriting and claims processing, product design, and regulatory filings. In addition, we have policies, processes and
controls in place to help protect the Company, our customers and other related third parties from acts of fraud and from risks associated with money laundering and terrorist financing. Audit Services, Global Compliance and divisional compliance
personnel periodically assess the effectiveness of the control environment. For further discussion of government regulation and legal proceedings, refer to &#147;Government Regulation&#148; in MFC&#146;s Annual Information Form dated
February&nbsp;7, 2018 and &#147;Legal and Regulatory Proceedings&#148; below. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Business Continuity Risk Management Strategy
</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We have an enterprise-wide business continuity and disaster recovery program. This includes policies, plans and procedures that seek to minimize the
impact of natural or man-made disasters, and is designed to ensure that key business functions can continue normal operations in the event of a major disruption. Each business unit is accountable for preparing and maintaining detailed business
continuity plans and processes. The global program incorporates periodic scenario analysis designed to validate the assessment of both critical and non-critical units, as well as the establishment and testing of appropriate business continuity plans
for all critical functions. The business continuity team establishes and regularly tests crisis management plans and global crisis communications protocols. We maintain off-site backup facilities and failover capability designed to minimize downtime
and accelerate system recovery. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Technology&nbsp;&amp; Information Security Risk Management Strategy </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Our Technology Risk Management Function provides strategy, direction, and oversight and facilitates governance for all technology risk domain activities across Manulife.
The scope of this function includes: reducing information risk exposures by introducing a robust enterprise information risk management framework and supporting infrastructure for proactively identifying, managing, monitoring and reporting on
critical information risk exposures; promoting transparency and informed decision-making by building and maintaining information risk profiles and risk dashboards for Global Infrastructure Services and Divisions aligned with enterprise and
operational risk reporting; providing advisory services to Global Technology and the Divisions around current and emerging technology risks and their impact to the Company&#146;s information risk profile; and reducing vendor information risk
exposures by incorporating sound information risk management practices into sourcing, outsourcing and offshoring initiatives and programs. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The enterprise-wide
information security program, which is overseen by the Chief Information Risk Officer, seeks to mitigate information security risks. This program establishes the information and cyber security framework for the Company, including governance,
policies and standards, and appropriate controls to protect information and computer systems. We also have annual security awareness training sessions for all employees. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Many jurisdictions in which we operate are implementing more stringent privacy legislation. Our global privacy program, overseen by our Chief Privacy Officer, seeks to
manage the risk of privacy breaches. It includes policies and standards, ongoing monitoring of emerging privacy legislation, and a network of privacy officers. Processes have been established to provide guidance on handling personal information and
for reporting privacy incidents and issues to appropriate management for response and resolution. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In addition, the Chief Information Risk Officer, the Chief Privacy
Officer, and their teams work closely on information security and privacy matters. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Human Resource Risk Management Strategy
</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We have a number of human resource policies, practices and programs in place that seek to manage the risks associated with attracting and retaining top
talent, including recruiting programs at every level of the organization, training and development programs for our individual contributor and leadership segments globally, employee engagement surveys, and competitive compensation programs that are
designed to attract, motivate and retain high-performing and high-potential employees. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Model Risk Management Strategy </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We have designated model risk management teams working closely with model owners and users that seek to manage model risk. Our model risk oversight program includes
processes intended to ensure that our critical business models are conceptually sound and used as intended, and to assess the appropriateness of the calculations and outputs. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Third-Party Risk Management Strategy </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Our
governance framework to address third-party risk includes appropriate policies (such as our Global Outsourcing Policy and Global Procurement Policy), standards and procedures, and monitoring of ongoing results and contractual compliance of
third-party arrangements. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>63</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Project Risk Management Strategy </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">To seek to ensure that key projects are successfully implemented and monitored by management, we have a Global Project Management Centre of Expertise, which is
responsible for establishing policies and standards for project management. Our policies, standards and practices are benchmarked against leading practices. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT
 COLOR="#1f320c"><B>Environmental Risk Management Strategy </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Our Environmental Risk Policy reflects the Company&#146;s commitment to conducting all business
activities in a manner that recognizes the need to preserve the quality of the natural environment. Our Environmental Risk Policy has been designed to monitor and manage environmental risk and to seek to achieve compliance with all applicable
environmental laws and regulations for business units, affiliates and subsidiaries. Business unit environmental procedures, protocols and due diligence standards are in place to help identify, monitor and manage environmental issues in advance of
acquisition of property, to help to mitigate environmental risks. Historical and background investigation and subsequent soil and ground water subsurface testing may be conducted as required to assess manageable environmental risk. Regular property
inspections and limitations on permitted activities further help to manage environmental liability or financial risk. Other potentially significant financial risks for individual assets, such as fire and earthquake, have generally been insured where
practicable. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>64</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B><A NAME="mdatoc476443_11"></A>Capital Management Framework </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Manulife seeks to manage its capital with the objectives of: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Operating with sufficient capital to be able to honour all commitments to its policyholders and creditors with a high degree of confidence; </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Retaining the ongoing confidence of regulators, policyholders, rating agencies, investors and other creditors in order to ensure access to capital markets; and </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">Optimizing return on capital to meet shareholders&#146; expectations subject to constraints and considerations of adequate levels of capital established to meet the first two objectives. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Capital is managed and monitored in accordance with the Capital Management Policy. The Policy is reviewed and approved by the Board of Directors annually and is
integrated with the Company&#146;s risk and financial management frameworks. It establishes guidelines regarding the quantity and quality of capital, internal capital mobility, and proactive management of ongoing and future capital requirements.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Our capital management framework takes into account the requirements of the Company as a whole as well as the needs of each of our subsidiaries. Internal capital
targets are set above regulatory requirements, and consider a number of factors, including expectations of regulators and rating agencies, results of sensitivity and stress testing and our own risk assessments. We monitor against these internal
targets and initiate actions appropriate to achieving our business objectives. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We periodically assess the strength of our capital position under various stress
scenarios. The annual Dynamic Capital Adequacy Testing (&#147;DCAT&#148;) typically quantifies the financial impact of economic events arising from shocks in public equity and other markets, interest rates and credit, amongst others. Our 2017 DCAT
results demonstrate that we would have sufficient assets, under the various adverse scenarios tested, to discharge our policy liabilities. This conclusion was also supported by a variety of other stress tests conducted by the Company. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We use an Economic Capital (&#147;EC&#148;) framework to inform our internal view of the level of required capital and available capital. The EC framework is a key
component of the Own Risk and Solvency Assessment (&#147;ORSA&#148;) process, which ties together our risk management, strategic planning and capital management practices to confirm that our capital levels continue to be adequate from an economic
perspective. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Capital management is also integrated into our product planning and performance management practices. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The composition of capital between equity and other capital instruments impacts the financial leverage ratio which is an important consideration in determining the
Company&#146;s financial strength and credit ratings. The Company monitors and rebalances its capital mix through capital issuances and redemptions. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT
 COLOR="#2a517f"><B>Capital and Funding Activities </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In 2017, Manulife continued its global funding strategy and maintained diversified funding sources and
a broad investor base. We raised a total of $2.2 billion of funding in Canada, the U.S., and Singapore. During the year ended December&nbsp;31, 2017, $1.5 billion of securities were redeemed. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table provides our funding activity for the year ended December&nbsp;31, 2017. </P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="83%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
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<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">($ millions)<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Issued</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Redeemed</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Subordinated debentures<SUP STYLE="font-size:85%; vertical-align:top">(2),(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,160</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>900</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Senior
debt<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>600</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;2,160</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;1,500</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Amounts have been translated to Canadian dollar equivalents using the December&nbsp;31, 2017 exchange rate. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">A total of $2.2 billion of MFC subordinated debentures were issued during the year: US$750 million (4.061%)&nbsp;on February&nbsp;24, 2017, $750 million (3.049%)&nbsp;on August&nbsp;18, 2017, and SG$500 million
(3.00%)&nbsp;on November&nbsp;21, 2017. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">A total of $900 million of MLI subordinated debentures were redeemed at par during the year: $500 million (4.165%)&nbsp;on June&nbsp;1, 2017 and $400 million (3.938%)&nbsp;on September&nbsp;21, 2017. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">A series of MFC senior notes was redeemed during the year: $600 million (7.768%)&nbsp;on October&nbsp;6, 2017 with a redemption premium of $44 million before-tax. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>65</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following measure of capital reflects our capital management activities at the MFC level. </P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="69%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></P>
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:7pt">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Non-controlling interests</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>929</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">743</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">592</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Participating policyholders&#146; equity</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>221</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">248</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">187</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Preferred shares</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,577</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,577</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,693</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Common shareholders&#146; equity</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>37,436</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">38,255</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">38,466</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total equity<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>42,163</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42,823</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41,938</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Adjusted for accumulated other comprehensive loss on cash flow
hedges</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(109</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(232</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(264</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total equity excluding accumulated other comprehensive loss on cash flow hedges</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>42,272</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43,055</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42,202</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Qualifying capital instruments</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>8,387</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">7,180</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">7,695</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total&nbsp;capital</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;50,659</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;50,235</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;49,897</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Total equity includes unrealized gains and losses on AFS debt securities and AFS equities, net of taxes. The unrealized gain or loss on AFS debt securities are excluded from the OSFI definition of regulatory capital. As
at December&nbsp;31, 2017, the unrealized loss on AFS debt securities, net of taxes, was $163 million (2016 &#150; $634 million). </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The &#147;Total
capital&#148; referred to in the table above does not include $4.8 billion (2016 &#150; $5.7 billion, 2015 &#150; $1.9 billion) of senior indebtedness issued by MFC because this form of financing does not meet OSFI&#146;s definition of regulatory
capital at the MFC level. The Company has down-streamed the proceeds from this financing into operating entities in a form that qualifies as regulatory capital at the subsidiary level. For regulatory purposes, capital is further adjusted for various
additions or deductions, as mandated by the guidelines issued by OSFI. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Total capital was $50.7 billion as at December&nbsp;31, 2017 compared with $50.2 billion as at
December&nbsp;31, 2016, an increase of $0.5 billion. The increase from December&nbsp;31, 2016 was primarily driven by net income attributed to shareholders net of dividends paid of $0.3 billion, net capital issuances of $1.3 billion (does not
include the $0.6 billion of senior debt redeemed, as it is not in the definition of regulatory capital), and the favourable change in unrealized losses on AFS debt securities of $0.6 billion, partially offset by the unfavourable impact of foreign
exchange rates of $2.0 billion. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Financial Leverage Ratio </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">MFC&#146;s financial leverage ratio increased to 30.3% at year-end 2017 from 29.5% a year ago, primarily related to the charges for U.S. Tax Reform and portfolio asset
mix changes. Solid core earnings in 2017 more than offset the unfavourable impacts of the strengthening of the Canadian dollar and financing activities. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT
 COLOR="#2a517f"><B>Common Shareholder Dividends </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The declaration and payment of shareholder dividends and the amount thereof are at the discretion of the
Board of Directors and depend upon various factors, including the results of operations, financial condition and future prospects of the Company and taking into account regulatory restrictions on the payment of shareholder dividends, as well as any
other factors deemed relevant by the Board of Directors. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Common Shareholder Dividends Paid </B></FONT></P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" ALIGN="center">


<TR>
<TD WIDTH="69%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c">$ per share</FONT></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Dividends paid</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;0.820</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;0.740</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;0.665</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company offers a Dividend Reinvestment Program (&#147;DRIP&#148;) whereby shareholders may elect to automatically reinvest dividends
in the form of MFC common shares instead of receiving cash. The offering of the program and its terms of execution are subject to the Board of Directors&#146; discretion. In 2017, common shares in connection with DRIP were purchased on the open
market with no applicable discount. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Regulatory Capital Position</B><SUP STYLE="font-size:85%; vertical-align:top">1</SUP><B>
</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Manulife monitors and manages its consolidated capital in compliance with the applicable OSFI guideline. Under this regime our consolidated available
capital is measured against a required amount of risk capital determined in accordance with the guideline. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Manulife&#146;s operating activities are mostly conducted
within MLI or its subsidiaries. MLI and MFC are regulated by OSFI and are subject to consolidated risk-based capital requirements. As noted above (&#147;Risk Management &#150; Regulatory Updates&#148;), LICAT replaced the MCCSR framework on
January&nbsp;1, 2018 and we will disclose our March&nbsp;31, 2018 ratios under this framework in May 2018. Our MCCSR ratio for MLI was 224% as at December&nbsp;31, 2017, compared with 230% at the end of 2016, and is well in excess of OSFI&#146;s
Supervisory Target ratio of 150% and Regulatory Minimum ratio of 120%. The 6 percentage point decrease from December&nbsp;31, 2016 was mainly driven by impacts from funding of MFC dividends and funding costs, and modest required capital growth,
partially offset by a net capital issuance and the contribution of net income (inclusive of U.S. Tax Reform and portfolio asset mix change charges in 4Q17). MFC&#146;s MCCSR ratio was 200% as at December&nbsp;31, 2017. The difference between the MLI
and MFC ratios was largely due to the $4.8 billion of MFC senior debt outstanding that, under OSFI rules, does not qualify as available capital at the MFC level. </P>
<P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The &#147;Risk Factors&#148; section of the MD&amp;A outlines a number of regulatory capital risks. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>66</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">As at December&nbsp;31, 2017, MLI&#146;s non-consolidated operations and subsidiaries all maintained capital levels in
excess of local requirements. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Remittability of Capital </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">As part of its capital management, Manulife promotes internal capital mobility so that Manulife&#146;s parent company has access to funds to meet its obligations and to
optimize the use of excess capital. Cash remittance is defined as the cash remitted or payable to the Group from operating subsidiaries and excess capital generated by stand-alone Canadian
operations.<SUP STYLE="font-size:85%; vertical-align:top">1</SUP> It is one of the key metrics used by management to evaluate our financial flexibility. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In 2017, MFC
subsidiaries delivered $2.1 billion in remittances. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Credit Ratings </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Manulife&#146;s operating companies have strong financial strength ratings from credit rating agencies. Maintaining strong ratings on debt and capital instruments issued
by MFC and its subsidiaries allows us to access capital markets at competitive pricing levels. Ratings are important factors in establishing the competitive position of insurance companies and maintaining public confidence in products being offered.
Should these credit ratings decrease materially, our cost of financing may increase and our access to funding and capital through capital markets could be reduced. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">During 2017, S&amp;P, Moody&#146;s, DBRS, Fitch and A.M. Best maintained their assigned ratings of MFC and its primary insurance operating companies. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table summarizes the financial strength and claims paying ability ratings of MLI and certain of its subsidiaries as at February&nbsp;2, 2018. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Financial Strength Ratings </B></FONT></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="49%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #1f320c; BORDER-TOP:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c; padding-left:8pt">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #1f320c; BORDER-TOP:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c">S&amp;P</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #1f320c; BORDER-TOP:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c">Moody&#146;s</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #1f320c; BORDER-TOP:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c">DBRS</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #1f320c; BORDER-TOP:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c">Fitch</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #1f320c; BORDER-TOP:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #1f320c; BORDER-RIGHT:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c; padding-right:2pt">A.M. Best</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">The Manufacturers
Life Insurance Company</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>AA-</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>A1</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>AA(Low)</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>AA-</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c; padding-right:2pt"><B>A+ (Superior)</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">John Hancock Life
Insurance Company (U.S.A.)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>AA-</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>A1</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>Not Rated</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>AA-</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c; padding-right:2pt"><B>A+ (Superior)</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife
(International) Limited</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>AA-</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>Not Rated</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>Not Rated</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>Not Rated</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #1f320c; BORDER-BOTTOM:1px solid #1f320c; padding-right:2pt"><B>Not Rated</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #1f320c; BORDER-BOTTOM:1.00pt solid #1f320c; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Manulife Life
Insurance Company</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #1f320c; BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><B>A+</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #1f320c; BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><B>Not&nbsp;Rated&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #1f320c; BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><B>Not&nbsp;Rated&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #1f320c; BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"><B>Not&nbsp;Rated&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #1f320c; BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #1f320c; BORDER-BOTTOM:1.00pt solid #1f320c; padding-right:2pt"><B>Not&nbsp;Rated&nbsp;&nbsp;</B></TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">As at February&nbsp;2, 2018, S&amp;P, Moody&#146;s, DBRS, Fitch, and A.M. Best had a stable outlook on these ratings. </P>
<P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Remittability from stand-alone Canadian operations is higher by $100 million in 2017 due to methodology changes. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>67</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B><A NAME="mdatoc476443_12"></A>Critical Accounting and Actuarial Policies </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The preparation of financial statements in accordance with IFRS requires management to make estimates and assumptions that affect the reported amounts and disclosures
made in the Consolidated Financial Statements and accompanying notes. These estimates and assumptions are based on historical experience, management&#146;s assessment of current events and conditions and activities that the Company may undertake in
the future as well as possible future economic events. Actual results could differ from these estimates. The estimates and assumptions described in this section depend upon subjective or complex judgments about matters that may be uncertain and
changes in these estimates and assumptions could materially impact the Consolidated Financial Statements. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Our significant accounting policies are described in note 1
to the Consolidated Financial Statements. Significant estimation processes relate to the determination of insurance and investment contract liabilities, assessment of relationships with other entities for consolidation, fair value of certain
financial instruments, derivatives and hedge accounting, provisioning for asset impairment, determination of pension and other post-employment benefit obligations and expenses, income taxes and uncertain tax positions, valuation and impairment of
goodwill and intangible assets and the measurement and disclosure of contingent liabilities as described below. In addition, in the determination of the fair values of invested assets, where observable market data is not available, management
applies judgment in the selection of valuation models. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Policy Liabilities (Insurance and Investment Contract Liabilities)
</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Policy liabilities for IFRS are valued in Canada under standards established by the Actuarial Standards Board. These standards are designed to ensure we
establish an appropriate liability on the Consolidated Statements of Financial Position to cover future obligations to all our policyholders. The assumptions underlying the valuation of policy liabilities are required to be reviewed and updated on
an ongoing basis to reflect recent and emerging trends in experience and changes in risk profile of the business. In conjunction with prudent business practices to manage both product and asset related risks, the selection and monitoring of
appropriate valuation assumptions is designed to minimize our exposure to measurement uncertainty related to policy liabilities. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Determination of Policy Liabilities </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Policy
liabilities have two major components: a best estimate amount and a provision for adverse deviation. The best estimate amount represents the estimated value of future policyholder benefits and settlement obligations to be paid over the term
remaining on in-force policies, including the costs of servicing the policies. The best estimate amount is reduced by the future expected policy revenues and future expected investment income on assets supporting the policies, before any
consideration for reinsurance ceded. To determine the best estimate amount, assumptions must be made for a number of key factors, including future mortality and morbidity rates, investment returns, rates of policy termination, and premium
persistency, operating expenses, certain taxes (other than income taxes and includes temporary tax timing and permanent tax rate differences on the cash flows available to satisfy policy obligations) and foreign currency. Reinsurance is used to
transfer part or all of a policy liability to another insurance company at terms negotiated with that insurance company. A separate asset for reinsurance ceded is calculated based on the terms of the reinsurance treaties that are in-force, with
deductions taken for the credit standing of the reinsurance counterparties where appropriate. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">To recognize the uncertainty involved in determining the best estimate
actuarial liability assumptions, a provision for adverse deviation (&#147;PfAD&#148;) is established. The PfAD is determined by including a margin of conservatism for each assumption to allow for possible mis-estimation of, or deterioration in,
future experience in order to provide greater comfort that the policy liabilities will be sufficient to pay future benefits. The CIA establishes suggested ranges for the level of margins for adverse deviation based on the risk profile of the
business. Our margins are set taking into account the risk profile of our business. The effect of these margins is to increase policy liabilities over the best estimate assumptions. The margins for adverse deviation decrease the income that is
recognized at the time a new policy is sold and increase the income recognized in later periods as the margins release as the remaining policy risks reduce. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT
 COLOR="#2a517f"><B>Best Estimate Assumptions </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We follow established processes to determine the assumptions used in the valuation of our policy
liabilities. The nature of each risk factor and the process for setting the assumptions used in the valuation are discussed below. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Mortality </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Mortality relates to the occurrence
of death. Mortality assumptions are based on our internal as well as industry past and emerging experience and are differentiated by sex, underwriting class, policy type and geographic market. We make assumptions about future mortality improvements
using historical experience derived from population data. Reinsurance is used to offset some of our direct mortality exposure on in-force life insurance policies with the impact of the reinsurance directly reflected in our policy valuation for the
determination of policy liabilities net of reinsurance. Actual mortality experience is monitored against these assumptions separately for each business. The results are favourable where mortality rates are lower than assumed for life insurance and
where mortality rates are higher than assumed for payout annuities. Overall 2017 experience was unfavourable (2016 &#150; unfavourable) when compared with our assumptions. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Morbidity </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Morbidity relates to the occurrence
of accidents and sickness for the insured risks. Morbidity assumptions are based on our internal as well as industry past and emerging experience and are established for each type of morbidity risk and geographic market. For our JH
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>68</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
Long Term Care business we make assumptions about future morbidity changes. Actual morbidity experience is monitored against these assumptions separately for each business. Our morbidity risk
exposure relates to future expected claims costs for long-term care insurance, as well as for group benefits and certain individual health insurance products we offer. Overall 2017 experience was unfavourable (2016 &#150; unfavourable) when compared
with our assumptions. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Property and Casualty </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Our P&amp;C Reinsurance business insures against catastrophic losses from natural and human disasters. Policy liabilities are held for incurred claims including provision
for anticipated development and for premiums received and not yet earned. Overall 2017 claims loss experience was unfavourable (2016 &#150; in line with expectations) with respect to the provisions that were established. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Policy Termination and Premium Persistency </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Policy termination includes lapses and surrenders, where lapses represent the termination of policies due to non-payment of premiums and surrenders represent the
voluntary termination of policies by policyholders. Premium persistency represents the level of ongoing deposits on contracts where there is policyholder discretion as to the amount and timing of deposits. Policy termination and premium persistency
assumptions are primarily based on our recent experience adjusted for expected future conditions. Assumptions reflect differences by type of contract within each geographic market and actual experience is monitored against these assumptions
separately for each business. Overall 2017 experience was unfavourable (2016 &#150; unfavourable) when compared with our assumptions. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Expenses and Taxes </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Operating expense
assumptions reflect the projected costs of maintaining and servicing in-force policies, including associated overhead expenses. The expenses are derived from internal cost studies and are projected into the future with an allowance for inflation.
For some developing businesses, there is an expectation that unit costs will decline as these businesses mature. Actual expenses are monitored against assumptions separately for each business. Overall maintenance expenses for 2017 were unfavourable
(2016 &#150; unfavourable) when compared with our assumptions. Taxes reflect assumptions for future premium taxes and other non-income related taxes. For income taxes, policy liabilities are adjusted only for temporary tax timing and permanent tax
rate differences on the cash flows available to satisfy policy obligations. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Investment Returns </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We segment assets to support liabilities by business segment and geographic market and establish investment strategies for each liability segment. The projected cash
flows from these assets are combined with projected cash flows from future asset purchases/sales to determine expected rates of return for future years. The investment strategies for future asset purchases and sales are based on our target
investment policies for each segment and the reinvestment returns are derived from current and projected market rates for fixed interest investments and our projected outlook for non-fixed interest assets. Credit losses are projected based on our
own and industry experience, as well as specific reviews of the current investment portfolio. Investment return assumptions for each asset class also incorporate expected investment management expenses that are derived from internal cost studies. In
2017, actual investment returns were favourable (2016 &#150; unfavourable) when compared with our assumptions. Investment-related experience and the direct impact of interest rates and equity markets are discussed in the &#147;Financial
Performance&#148; section above. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Segregated Funds </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We offer segregated funds to policyholders that offer certain guarantees, including guaranteed returns of principal on maturity or death, as well as guarantees of minimum
withdrawal amounts or income benefits. The on-balance sheet liability for these benefits is the expected cost of these guarantees including appropriate valuation margins for the various contingencies including mortality and lapse. The dominant
driver of the cost of guarantees is the return on the underlying funds in which the policyholders invest. See &#147;Risk Management &#150; Market Risk &#150; Hedging Strategies for Variable Annuity and Other Equity Risks&#148; and the
&#147;Financial Performance &#150; Analysis of Net Income&#148; sections above. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Foreign Currency </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Foreign currency risk results from a mismatch of the currency of the policy liabilities and the currency of the assets designated to support these obligations. We
generally match the currency of our assets with the currency of the liabilities they support, with the objective of mitigating the risk of economic loss arising from movements in currency exchange rates. Where a currency mismatch exists, the assumed
rate of return on the assets supporting the liabilities is reduced to reflect the potential for adverse movements in exchange rates. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Foreign currency also impacts
our MFC and MLI regulatory capital ratios. We manage the impact of this risk to ensure that the resulting change in our consolidated capital ratios stays within our risk appetite. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Experience Adjusted Products </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Where policies
have features that allow the impact of changes in experience to be passed on to policyholders through policy dividends, experience rating refunds, credited rates or other adjustable features, the projected policyholder benefits are adjusted to
reflect the projected experience. Minimum contractual guarantees and other market considerations are taken into account in determining the policy adjustments. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT
 COLOR="#2a517f"><B>Provision for Adverse Deviation </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The total provision for adverse deviation is the sum of the provisions for adverse deviation for each
risk factor. Margins for adverse deviation are established by product type and geographic market for each assumption or factor used in the determination of the best estimate actuarial liability. The margins are established based on the risk
characteristics of the business being valued. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>69</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

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<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Margins for interest rate risk are included by testing a number of scenarios of future interest rates. The margin can
be established by testing a limited number of scenarios, some of which are prescribed by Canadian Actuarial Standards of Practice, and determining the liability based on the worst outcome. Alternatively, the margin can be set by testing many
scenarios, which are developed according to actuarial guidance. Under this approach the liability would be the average of the outcomes above a percentile in the range prescribed by the Canadian Actuarial Standards of Practice. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In addition to the explicit margin for adverse deviation, the valuation basis for segregated fund liabilities explicitly limits the future revenue recognition in the
valuation basis to the amount necessary to offset acquisition expenses, after allowing for the cost of any guarantee features. The fees that are in excess of this limitation are reported as an additional margin and are shown in segregated fund
non-capitalized margins. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The provision for adverse deviation and the future revenue deferred in the valuation due to the limitations on recognition of future revenue
in the valuation of segregated fund liabilities are shown in the table below. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Best estimate actuarial liability</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;219,347</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;207,573</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Provision for adverse deviation (&#147;PfAD&#148;)</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Insurance risks (mortality/morbidity)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>19,258</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,553</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Policyholder behaviour (lapse/surrender/premium persistency)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5,332</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,416</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Expenses</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,519</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2,200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Investment risks (non-credit)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>22,979</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26,202</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Investment risks (credit)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,024</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,862</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Segregated funds guarantees</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,282</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,462</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total PfAD<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>52,394</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53,695</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Segregated funds&nbsp;&#150; additional margins</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>14,464</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">10,167</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total of PfAD and additional segregated fund
margins</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>66,858</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">63,862</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Reported net actuarial liabilities (excluding the $5,300 million (2016&nbsp;&#150; $5,918 million) reinsurance asset related to the Company&#146;s in-force participating life insurance closed block that is retained on a
funds withheld basis as part of the NYL transaction) as at December&nbsp;31, 2017 of $271,741 million (2016 &#150; $261,268 million) are comprised of $219,347 million (2016 &#150; $207,573 million) of best estimate actuarial liabilities and $52,394
million (2016 &#150; $53,695 million) of PfAD. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The change in the PfAD from period to period is impacted by changes in liability and asset composition,
by currency and interest rate movements and by material changes in valuation assumptions. The overall increase in PfAD for insurance risks and policyholder behaviour was primarily due to expected PfAD growth in all divisions, the annual review of
actuarial valuation methods and assumptions, and new business in Asia, partially offset by the appreciation of the Canadian dollar relative to the U.S. dollar, Hong&nbsp;Kong dollar and Japanese yen. The overall decrease in PfAD for non-credit
investment risks was primarily due to the annual review of actuarial valuation methods and assumptions, the appreciation of the Canadian dollar relative to the U.S. dollar, Hong Kong dollar and Japanese yen, normal rebalancing as part of our
interest rate risk hedging program and our decision to reduce the allocation to ALDA in the portfolio asset mix supporting our North American legacy businesses over the next 12-18 months. The increase in the additional segregated fund margins was
primarily due to increases in equity markets and refinements to our models for projecting future revenue for certain products. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Sensitivity of Earnings to Changes in Assumptions </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">When the assumptions underlying our determination of policy liabilities are updated to reflect recent and emerging experience or change in outlook, the result is a change
in the value of policy liabilities which in turn affects net income attributed to shareholders. The sensitivity of net income attributed to shareholders to changes in non-economic and certain asset related assumptions underlying policy liabilities
is shown below, and assumes that there is a simultaneous change in the assumptions across all business units. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">For changes in asset related assumptions, the
sensitivity is shown net of the corresponding impact on income of the change in the value of the assets supporting liabilities. In practice, experience for each assumption will frequently vary by geographic market and business, and assumption
updates are made on a business/geographic specific basis. Actual results can differ materially from these estimates for a variety of reasons including the interaction among these factors when more than one changes, changes in actuarial and
investment return and future investment activity assumptions, actual experience differing from the assumptions, changes in business mix, effective tax rates and other market factors, and the general limitations of our internal models. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Potential impact on net income attributed to shareholders arising from changes to non-economic assumptions</B><SUP
STYLE="font-size:85%; vertical-align:top">(1),(2)</SUP><B> </B></FONT></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" ROWSPAN="2" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Decrease in net income<BR>attributed to shareholders</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Policy related assumptions</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">2% adverse change in future mortality
rates<SUP STYLE="font-size:85%; vertical-align:top">(3),(5)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Products where an increase in rates increases insurance contract liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(400</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(400</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Products where a decrease in rates increases insurance contract liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(400</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(500</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">5% adverse change in future morbidity
rates<SUP STYLE="font-size:85%; vertical-align:top">(4),(5)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(3,900</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(3,700</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">10% adverse change in future termination
rates<SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(2,000</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,900</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">5% increase in future expense levels</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(500</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(500</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>70</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The sensitivities as at December&nbsp;31, 2017 include the impact of lower U.S. corporate tax rates effective January&nbsp;1, 2018 and the decision to change the portfolio asset mix supporting our North American legacy
businesses over the next 12-18 months. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The participating policy funds are largely self-supporting and generate no material impact on net income attributed to shareholders as a result of changes in non-economic assumptions. Experience gains or losses would
generally result in changes to future dividends, with no direct impact to shareholders. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">An increase in mortality rates will generally increase policy liabilities for life insurance contracts whereas a decrease in mortality rates will generally increase policy liabilities for policies with longevity risk
such as payout annuities. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">No amounts related to morbidity risk are included for policies where the policy liability provides only for claims costs expected over a short period, generally less than one year, such as Group Life and Health.
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The impacts of the sensitivities on LTC for morbidity, mortality and lapse are assumed to be moderated by partial offsets from the Company&#146;s ability to contractually raise premium rates in such events, subject to
state regulatory approval. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The lower U.S. corporate tax rates effective January&nbsp;1, 2018 resulted in an increase in the sensitivities from
December&nbsp;31, 2016. This was partially offset by a decrease in the sensitivities due to the appreciation of the Canadian dollar relative to the U.S. dollar, Hong&nbsp;Kong dollar and Japanese yen. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Potential impact on net income attributed to shareholders arising from changes to asset related assumptions supporting actuarial liabilities</B><SUP
STYLE="font-size:85%; vertical-align:top">(1)</SUP><B> </B></FONT></P> <P STYLE="font-size:11pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="71%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" ROWSPAN="3" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="16" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Increase (decrease) in after-tax income</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Increase</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Decrease</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Increase</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c">Decrease</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Asset related assumptions updated periodically in valuation basis changes</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">100 basis point change in future annual returns for public equities<SUP
STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>400</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(400</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(500</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">100 basis point change in future annual returns for
ALDA<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;3,600</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(4,100</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;2,900</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;(3,500</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">100 basis point change in equity volatility assumption for
stochastic segregated fund modelling<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(200</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(200</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">200</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The sensitivities as at December&nbsp;31, 2017 include the impact of lower U.S. corporate tax rates effective January&nbsp;1, 2018 and the decision to change the portfolio asset mix supporting our North American legacy
businesses over the next 12-18 months. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The sensitivity to public equity returns above includes the impact on both segregated fund guarantee reserves and on other policy liabilities. For a 100 basis point increase in expected growth rates, the impact from
segregated fund guarantee reserves is a $200 million increase (2016 &#150; $200 million increase). For a 100 basis point decrease in expected growth rates, the impact from segregated fund guarantee reserves is a $200 million decrease (2016 &#150;
$200 million decrease). Expected long-term annual market growth assumptions for public equities are based on long-term historical observed experience and compliance with actuarial standards. The calibration of the economic scenario generators that
are used to value segregated fund guarantee business complies with current CIA Standards of Practice for the valuation of these products. As at December&nbsp;31, 2017, the growth rates inclusive of dividends in the major markets used in the
stochastic valuation models for valuing segregated fund&nbsp;guarantees are 9.3% (9.5% &#150; December&nbsp;31, 2016)&nbsp;per annum in Canada, 9.6% (9.6% &#150; December&nbsp;31, 2016)&nbsp;per annum in the U.S. and 6.2% (6.2% &#150;
December&nbsp;31,&nbsp;2016) per annum in Japan. Growth assumptions for European equity funds are market-specific and vary between 8.1% and 9.9%. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">ALDA include commercial real estate, timber and farmland real estate, direct oil and gas properties, and private equities, some of which relate to oil and gas. Expected long-term return assumptions for ALDA and public
equity are set in accordance with the Standards of Practice for the valuation of insurance contract liabilities and guidance published by the CIA. The guidance requires that the investment return assumption for these assets should not be higher than
the historical long-term average returns of an appropriate broad-based index. Where such experience is not available, investment return assumptions should not result in a lower reserve than an assumption based on a historical return benchmark for
public equities in the same jurisdiction. Annual best estimate return assumptions for ALDA and public equity include market growth rates and annual income, such as rent, production proceeds and dividends, and will vary based on our holding period.
Over a 20-year horizon, our best estimate return assumptions range between 5.25% and 12%, with an average of 9.5% based on the current asset mix backing our guaranteed insurance and annuity business as of December&nbsp;31, 2017, adjusted to reflect
our decision to reduce the allocation to ALDA in the portfolio asset mix supporting our North American legacy businesses over the next 12-18 months (9.7% as of December&nbsp;31, 2016 &#150; see &#147;2017 Review of Actuarial Methods and
Assumptions&#148; below). Our return assumptions including the margins for adverse deviations in our valuation, which take into account the uncertainty of achieving the returns, range between 2.5% and 7.5%, with an average of 6.3% based on the asset
mix backing our guaranteed insurance and annuity business as of December&nbsp;31, 2017, adjusted to reflect our decision to reduce the allocation to ALDA in the portfolio asset mix supporting our North American legacy businesses over the next 12-18
months (6.5% as of December&nbsp;31, 2016). </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Volatility assumptions for public equities are based on long-term historical observed experience and compliance with actuarial standards. The resulting volatility assumptions are 16.95%&nbsp;per annum in Canada and
17.15%&nbsp;per annum in the U.S. for large cap public equities, and 19.25%&nbsp;per annum in Japan. For European equity funds, the volatility varies between 16.5% and 18.4%. </TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The $600 million increase in sensitivity to a 100 basis point decrease in future annual returns for ALDA from December&nbsp;31, 2016 was&nbsp;primarily due to the lower
U.S. federal corporate income tax rates effective January&nbsp;1, 2018 and updates to our valuation assumptions, as a result of our annual review of actuarial methods and assumptions. This was partially offset by a decrease in sensitivity due to our
decision to reduce the allocation to ALDA in the portfolio asset mix supporting our North American legacy businesses over the next 12-18 months. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT
 COLOR="#2a517f"><B>Review of Actuarial Methods and Assumptions </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">A comprehensive review of actuarial methods and assumptions is performed annually. The
review is designed to reduce the Company&#146;s exposure to uncertainty by ensuring assumptions for both asset related and liability related risks remain appropriate. This is accomplished by monitoring experience and selecting assumptions which
represent a current best estimate view of expected future experience, and margins that are appropriate for the risks assumed. While the assumptions selected represent the Company&#146;s current best estimates and assessment of risk, the ongoing
monitoring of experience and changes in the economic environment are likely to result in future changes to the actuarial assumptions, which could be material. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>71</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>2017 Review of Actuarial Methods and Assumptions </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The 2017 full year review of actuarial methods and assumptions resulted in an increase in insurance and investment contract liabilities of $277 million, net of
reinsurance, and a decrease in net income attributed to shareholders of $35 million. These charges exclude the impacts of U.S. Tax Reform and the decision to reduce the allocation to ALDA in the portfolio asset mix supporting our North American
legacy businesses. These two items resulted in an after-tax increase in policy liabilities and total charge to net income attributed to shareholders in 4Q17 of $2.8 billion. </P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="59%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the year ended December&nbsp;31, 2017</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Change&nbsp;in&nbsp;gross<BR>insurance and<BR>investment<BR>contract&nbsp;liabilities</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Change&nbsp;in&nbsp;net&nbsp;insurance<BR>and
investment</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">contract liabilities<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Change&nbsp;in&nbsp;net&nbsp;income<BR>attributed to<BR>shareholders</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Mortality and morbidity updates</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(219</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(254</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>299</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Lapses and policyholder behavior</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,057</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,019</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(783</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other updates</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">ALDA and public equity investment return assumptions</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,403</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,296</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(892</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Corporate spread assumptions</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(554</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(515</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>344</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Refinements to liability and tax cash flows</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,273</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,049</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>696</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(90</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(220</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>301</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net impact</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;324</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>277</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(35</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The $277 million increase in insurance and investment contract liabilities net of reinsurance, included an increase in net liabilities associated with participating insurance business resulting in a charge to net income
attributed to participating policyholders of $88 million. </TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Mortality and morbidity updates </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Mortality and morbidity updates resulted in a $299 million benefit to net income attributed to shareholders. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We completed a detailed review of the mortality assumptions for our U.S. life insurance business which resulted in a $384 million charge to net income attributed to
shareholders. We increased assumptions particularly at older ages, reflecting both industry and our own experience. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Updates to actuarial standards related to future
mortality improvement, and the review of mortality improvement assumptions globally, resulted in a $264 million benefit to net income attributed to shareholders primarily in Canada and Asia. The updated actuarial standards include a diversification
benefit for the determination of margins for adverse deviation which recognizes the offsetting impact of longevity and mortality risk. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We completed a detailed
review of the mortality assumptions for our Canadian retail insurance business which resulted in a $222 million benefit to net income attributed to shareholders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Other updates to mortality and morbidity assumptions led to a $197 million benefit to net income attributed to shareholders. These updates included a reduction in the
margins for adverse deviation applied to our morbidity assumptions for certain medical insurance products in Japan. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Updates to lapses
and policyholder behaviour </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Updates to lapses and policyholder behaviour assumptions resulted in a $783 million charge to net income attributed to
shareholders. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In Canadian retail insurance, lapse assumptions were reduced for certain universal life products to reflect recent experience leading to a $315 million
charge to net income attributed to shareholders. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">For Canadian segregated fund guaranteed minimum withdrawal benefit lapses, incidence and utilization assumptions
were updated to reflect recent experience which led to a $242 million charge to net income attributed to shareholders. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Other updates to lapse and policyholder
behaviour assumptions were made across several product lines including reduction in lapse assumptions for our whole life insurance products in Japan, leading to a $226 million charge to net income attributed to shareholders. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Other updates </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Other updates resulted in a $449
million benefit to net income attributed to shareholders. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We reviewed our investment return assumptions for ALDA and public equities, which in aggregate led to a
reduction in return assumptions and a $892 million charge to net income attributed to shareholders. We also reviewed future corporate spread assumptions, which led to a $344 million benefit to net income attributed to shareholders. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Refinements to the projection of our liability and tax cash flows in the U.S. resulted in a $696 million benefit to net income attributed to shareholders. These changes
included refinements to the projection of policyholder crediting rates for certain universal life insurance products. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>72</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Other refinements resulted in a $301 million benefit to net income attributed to shareholders. These changes included a
review of provisions for reinsurance counterparty credit risk and several other refinements to the projection of both our asset and liability cash flows. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT
 COLOR="#2a517f"><B>2016 Review of Actuarial Methods and Assumptions </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The 2016 full year review of actuarial methods and assumptions resulted in an
increase in insurance and investment contract liabilities of $655 million, net of reinsurance, and a decrease in net income attributed to shareholders of $453 million. </P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="57%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the year ended December&nbsp;31, 2016</B></FONT></P>
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:7pt">($ millions)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Change&nbsp;in&nbsp;gross<BR>insurance&nbsp;and<BR>investment<BR>contract&nbsp;liabilities</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Change&nbsp;in&nbsp;net&nbsp;insurance<BR>and&nbsp;investment<BR>contract&nbsp;liabilities</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Change&nbsp;in&nbsp;net&nbsp;income<BR>attributed&nbsp;to<BR>shareholders</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">JH Long Term Care triennial review</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">696</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">696</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;&nbsp;(452)</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Mortality and morbidity updates</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(12</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(53</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">76</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Lapse and policyholder behavior</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">U.S. Variable Annuities guaranteed minimum withdrawal benefit incidence and utilization</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,024</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,024</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">665</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">Other lapses and policyholder behaviour</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">516</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">431</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(356</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Economic reinvestment assumptions</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">459</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">443</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(313</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other updates</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">719</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">162</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(73</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net impact</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1,354</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">655</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">(453</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>JH Long Term Care triennial review </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">U.S. Insurance completed a comprehensive long-term care experience study. This included a review of mortality, morbidity and lapse experience, as well as the reserve for
in-force rate increases filed as a result of the 2013 review. In addition, the Company implemented refinements to the modelling of future tax cash flows for long-term care. The net impact of the review was a $452 million charge to net income
attributed to shareholders for the year ended December&nbsp;31, 2016. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Expected future claims costs increased primarily due to claims periods being longer than
expected in policy liabilities, and a reduction in lapse and mortality rates. This increase in expected future claims costs was partially offset by a number of items, including expected future premium increases resulting from this year&#146;s review
and a decrease in the margin for adverse deviations related to the rate of inflation embedded in our benefit utilization assumptions. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The review of premium increases
assumed in the policy liabilities resulted in a benefit to earnings of $1.0 billion for the year ended December&nbsp;31, 2016; this includes future premium increases that are due to our 2016 review of morbidity, mortality and lapse assumptions, and
outstanding amounts from our 2013 state filings. Premium increases averaging approximately 20% will be sought on the vast majority of the in-force business, excluding the carryover of 2013 amounts requested. Our assumptions reflect the estimated
timing and amount of state approved premium increases. Our actual experience obtaining price increases could be materially different than we have assumed, resulting in further increases or decreases in policy liabilities, which could be material.
</P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Mortality and morbidity updates </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Mortality
and morbidity assumptions were updated across several business units to reflect recent experience, including updates to morbidity assumptions for certain medical insurance products in Japan, leading to a $76 million benefit to net income attributed
to shareholders for the year ended December&nbsp;31, 2016. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Updates to lapses and policyholder behaviour </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">U.S. Variable Annuities guaranteed minimum withdrawal benefit incidence and utilization assumptions were updated to reflect recent experience which led to a $665 million
benefit to net income attributed to shareholders for the year ended December&nbsp;31, 2016. We updated our incidence assumptions to reflect the favourable impact of policyholders taking withdrawals later than expected. This was partially offset by
an increase in our utilization assumptions. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In Japan, lapse rates for term life insurance products were increased at certain durations which led to a $228 million
charge to net income attributed to shareholders for the year ended December&nbsp;31, 2016. Other updates to lapse and policyholder behavior assumptions were made across several product lines, including term products in Canada, which led to a $128
million charge to net income attributed to shareholders for the year ended December&nbsp;31, 2016. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Updates to economic reinvestment
assumptions </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company updated economic reinvestment assumptions for risk-free rates used in the valuation of policy liabilities which resulted in a $313
million charge to net income attributed to shareholders for the year ended December&nbsp;31, 2016. These updates included a proactive 10 basis point reduction to our URR assumptions and a commensurate change in our calibration criteria for
stochastic risk-free rates. These updates reflect the fact that interest rates are lower than they were when the current prescribed URR and calibration criteria for stochastic risk-free rates were promulgated by the Actuarial Standards Board
(&#147;ASB&#148;) in 2014. The ASB has indicated that it will update the promulgation periodically, when necessary. We expect the promulgation to be updated in 2017 and, if required, we will make further updates to our economic reinvestment
assumptions at that time. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>73</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Other updates </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Other model refinements related to the projection of both asset and liability cash flows across several business units led to a $73 million charge to net income
attributed to shareholders for the year ended December&nbsp;31, 2016. This included a charge due to refinements to our CALM models and assumptions offset by a benefit due to refinements to the modelling of future tax cash flows for certain assets in
the U.S. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Change in net insurance contract liabilities </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The change in net insurance contract liabilities can be attributed to several sources: new business, acquisitions, in-force movement and currency impact. Changes in net
insurance contract liabilities are substantially offset in the financial statements by premiums, investment income, policy benefits and other policy related cash flows. The changes in net insurance contract liabilities by business segment are shown
below: </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>2017 Net Insurance Contract Liability Movement Analysis </B></FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="60%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the year ended December&nbsp;31, 2017</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Asia<BR>Division</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Canadian<BR>Division</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">U.S.<BR>Division</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Corporate<BR>and<BR>Other</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Balance, January&nbsp;1</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;54,567</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;73,384</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>135,192</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(590</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>262,553</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">New business<SUP STYLE="font-size:85%; vertical-align:top">(1),(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,130</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>139</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,276</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,545</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">In-force movement<SUP STYLE="font-size:85%; vertical-align:top">(1),(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>8,255</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,304</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5,329</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>234</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>16,122</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Changes in methods and assumptions<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(21</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(91</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>119</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>270</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>277</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Impact of U.S. Tax Reform<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,246</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,246</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Increase due to decision to change portfolio asset mix supporting our legacy businesses<SUP
STYLE="font-size:85%; vertical-align:top">(5)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>468</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>872</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,340</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Currency
impact<SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(2,688</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(6</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(9,183</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>40</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(11,837</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Balance, December&nbsp;31</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>62,243</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>76,198</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;135,851</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;(46)</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;274,246</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The $22,292 million increase reported as the change in insurance contract liabilities and change in reinsurance assets on the 2017 Consolidated Statements of Income primarily consists of changes due to normal in-force
movement, new policies, changes in methods and assumptions, the impact of U.S. Tax Reform and the increase due to the decision to change portfolio asset mix supporting our North American legacy businesses. These 5 items net to an increase of $23,530
million, of which $22,628 million is included in the income statement increase in insurance contract liabilities and change in reinsurance assets, and $902&nbsp;million is included in net claims and benefits. The Consolidated Statements of Income
change in insurance contract liabilities also includes the change in embedded derivatives associated with insurance contracts. Of the $19,667 million net increase in insurance contract liabilities related to new business and in-force movement,
$18,737 million was an increase in actuarial liabilities. The remaining amount was an increase of $930 million in other insurance contract liabilities. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">New business policy liability impact is positive/(negative) when estimated future premiums, together with future investment income, are expected to be more/(less) than sufficient to pay estimated future benefits,
policyholder dividends and refunds, taxes (excluding income taxes) and expenses on new policies issued. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The net in-force movement over the year was an increase of $16,122 million, reflecting expected growth in insurance contract liabilities in all three divisions. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">U.S. Tax Reform, which includes the lowering of the U.S. corporate tax rate from 35% to 21% and limits on the tax deductibility of reserves, resulted in a $2,246&nbsp;million pre-tax ($1,774 million post-tax) increase
in policy liabilities due to the impact of temporary tax timing and permanent tax rate differences on the cash flows available to satisfy policyholder obligations. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The decision to reduce the allocation to ALDA in the portfolio asset mix supporting our North American legacy businesses resulted in an increase in policy liabilities due to the impact on future expected investment
income on assets supporting the policies. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The decrease in policy liabilities from currency impact reflects the appreciation of the Canadian dollar relative to the U.S. dollar, Hong Kong dollar and Japanese yen. To the extent assets are currency matched to
liabilities, the increase in insurance contract liabilities due to currency impact is offset by a corresponding increase from currency impact in the value of assets supporting those liabilities. </TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>2016 Net Insurance Contract Liability Movement Analysis </B></FONT></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="60%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the year ended December&nbsp;31, 2016</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Asia<BR>Division</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Canadian<BR>Division</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">U.S.</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Division</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Corporate<BR>and</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" ALIGN="right">Other</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Balance, January&nbsp;1</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;45,986</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;71,473</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">132,906</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(503</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">249,862</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">New business<SUP STYLE="font-size:85%; vertical-align:top">(1),(2)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,857</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">253</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(493</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,617</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">In-force movement<SUP STYLE="font-size:85%; vertical-align:top">(1),(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,051</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,636</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,061</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(75</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,673</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Changes in methods and assumptions<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">108</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">549</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(24</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">655</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Currency
impact<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(1,435</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(3,831</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(5,254</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Balance, December&nbsp;31</B></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">54,567</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">73,384</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;135,192</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;(590</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;262,553</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The $17,172 million increase reported as the change in insurance contract liabilities and change in reinsurance assets on the 2016 Consolidated Statements of Income primarily consists of changes due to normal in-force
movement, new policies and changes in methods and assumptions. These three items net to an increase of $17,945 million, of which $16,906 million is included in the income statement increase in insurance contract liabilities and change in reinsurance
assets, and $1,039 million is included in net claims and benefits. The Consolidated Statements of Income change in insurance contract liabilities also includes the change in embedded derivatives associated with insurance contracts. Of the $17,290
million net increase in insurance contract liabilities related to new business and in-force movement, $16,196 million was an increase in actuarial liabilities. The remaining amount was an increase of $1,094 million in other insurance contract
liabilities. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">New business policy liability impact is positive/(negative) when estimated future premiums, together with future investment income, are expected to be more/(less) than sufficient to pay estimated future benefits,
policyholder dividends and refunds, taxes (excluding income taxes) and expenses on new policies issued. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The net in-force movement over the year was an increase of $13,673 million, reflecting expected growth in insurance contract liabilities in all three divisions. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The decrease in policy liabilities from currency impact reflects the appreciation of the Canadian dollar relative to the U.S. dollar, Hong Kong dollar and Japanese yen. To the extent assets are currency matched to
liabilities, the increase in insurance contract liabilities due to currency impact is offset by a corresponding increase from currency impact in the value of assets supporting those liabilities. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>74</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

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<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Consolidation </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company is required to consolidate the financial position and results of entities it controls. Control exists when the Company: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">has the power to govern the financial and operating policies of the entity; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">is exposed to a significant portion of the entity&#146;s variable returns; and </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">is able to use its power to influence variable returns from the entity. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company uses the same principles to assess
control over any entity it is involved with. In evaluating control, potential factors assessed include the effects of: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">substantive potential voting rights that are currently exercisable or convertible; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">contractual management relationships with the entity; </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">rights and obligations resulting from policyholders to manage investments on their behalf; and </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">the effect of any legal or contractual restraints on the Company from using its power to affect its variable returns from the entity. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">An assessment of control is based on arrangements in place and the assessed risk exposures at inception. Initial evaluations are reconsidered at a later date if: </P>
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<TD ALIGN="left" VALIGN="top">the Company acquires additional interests in the entity or its interests in an entity are diluted; </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">the contractual arrangements of the entity are amended such that the Company&#146;s involvement with the entity changes; or </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">the Company&#146;s ability to use its power to affect its variable returns from the entity changes. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Subsidiaries are
consolidated from the date on which control is obtained by the Company and cease to be consolidated from the date that control ceases. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Fair Value of Invested Assets </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">A large portion
of the Company&#146;s invested assets are recorded at fair value. Refer to note 1 to the 2017 Consolidated Financial Statements for a description of the methods used in determining fair values. When quoted prices in active markets are not available
for a particular investment, significant judgment is required to determine an estimated fair value based on market standard valuation methodologies including discounted cash flow methodologies, matrix pricing, consensus pricing services, or other
similar techniques. The inputs to these market standard valuation methodologies include: current interest rates or yields for similar instruments, credit rating of the issuer or counterparty, industry sector of the issuer, coupon rate, call
provisions, sinking fund requirements, tenor (or expected tenor) of the instrument, management&#146;s assumptions regarding liquidity, volatilities and estimated future cash flows. Accordingly, the estimated fair values are based on available market
information and management&#146;s judgments about the key market factors impacting these financial instruments. Financial markets are susceptible to severe events evidenced by rapid depreciation in asset values accompanied by a reduction in asset
liquidity. The Company&#146;s ability to sell assets, or the price ultimately realized for these assets, depends upon the demand and liquidity in the market and increases the use of judgment in determining the estimated fair value of certain assets.
</P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Evaluation of Invested Asset Impairment </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">AFS fixed income and equity securities are carried at fair market value, with changes in fair value recorded in other comprehensive income (&#147;OCI&#148;) with the
exception of unrealized gains and losses on foreign currency translation of AFS fixed income securities which are included in net income attributed to shareholders. Securities are reviewed on a regular basis and any fair value decrement is
transferred out of accumulated other comprehensive income (&#147;AOCI&#148;) and recorded in net income attributed to shareholders when it is deemed probable that the Company will not be able to collect all amounts due according to the contractual
terms of a fixed income security or when fair value of an equity security has declined significantly below cost or for a prolonged period of time. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Provisions for
impairments of mortgage loans and private placement loans are recorded with losses reported in earnings when there is no longer reasonable assurance as to the timely collection of the full amount of the principal and interest. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Significant judgment is required in assessing whether an impairment has occurred and in assessing fair values and recoverable values. Key matters considered include
economic factors, Company and industry specific developments, and specific issues with respect to single issuers and borrowers. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Changes in circumstances may cause
future assessments of asset impairment to be materially different from current assessments, which could require additional provisions for impairment. Additional information on the process and methodology for determining the allowance for credit
losses is included in the discussion of credit risk in note 10 to the 2017 Consolidated Financial Statements. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Derivative Financial
Instruments </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company uses derivative financial instruments (&#147;derivatives&#148;) including swaps, forwards and futures agreements, and options to
help manage current and anticipated exposures to changes in interest rates, foreign exchange rates, commodity prices and equity market prices, and to replicate permissible investments. Refer to note 5 to the 2017 Consolidated Financial Statements
for a description of the methods used to determine the fair value of derivatives. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The accounting for derivatives is complex and interpretations of the primary
accounting guidance continue to evolve in practice. Judgment is applied in determining the availability and application of hedge accounting designations and the appropriate accounting treatment under such accounting guidance. Differences in judgment
as to the availability and application of hedge accounting </P>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>75</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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designations and the appropriate accounting treatment may result in a differing impact on the Consolidated Financial Statements of the Company from that previously reported. Assessments of hedge
effectiveness and measurements of ineffectiveness of hedging relationships are also subject to interpretations and estimations. If it was determined that hedge accounting designations were not appropriately applied, reported net income attributed to
shareholders could be materially affected. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Employee Future Benefits </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company maintains defined contribution and defined benefit pension plans and other post-employment plans for employees and agents, including registered (tax
qualified) pension plans that are typically funded, as well as supplemental non-registered (non-qualified) pension plans for executives, retiree welfare plans and disability welfare plans that are typically not funded. The largest defined benefit
pension and retiree welfare plans in the U.S. and Canada are the material plans that are discussed herein and in note 16 to the 2017 Consolidated Financial Statements. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Due to the long-term nature of defined benefit pension and retiree welfare plans, the calculation of the defined benefit obligation and net benefit cost depends on
various assumptions such as discount rates, salary increase rates, cash balance interest crediting rates, health care cost trend rates and rates of mortality. These assumptions are determined by management and are reviewed annually. The key
assumptions, as well as the sensitivity of the defined benefit obligation to changes in these assumptions, are presented in note&nbsp;16&nbsp;to the 2017 Consolidated Financial Statements. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Changes in assumptions and differences between actual and expected experience give rise to actuarial gains and losses that affect the amount of the defined benefit
obligation and other comprehensive income (&#147;OCI&#148;). During 2017, the actual experience resulted in a gain of $83 million (2016 &#150; gain of $136 million) for the defined benefit pension plans and a loss of $2 million (2016 &#150; gain of
$6&nbsp;million) for the retiree welfare plans. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Contributions to the registered (tax qualified) defined benefit pension plans are made in accordance with the
applicable U.S. and Canadian regulations. During 2017, the Company contributed $26 million (2016 &#150; $42 million) to these plans. As at December&nbsp;31,&nbsp;2017, the difference between the fair value of assets and the defined benefit
obligation for these plans was a surplus of $383 million (2016 &#150; surplus of $292 million). For 2018, the contributions to the plans are expected to be approximately $31&nbsp;million. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company&#146;s supplemental pension plans for executives are not funded; benefits under these plans are paid as they become due. During 2017, the Company paid
benefits of $59 million (2016 &#150; $65 million) under these plans. As at December&nbsp;31, 2017, the defined benefit obligation for these plans amounted to $761 million (2016 &#150; $782 million). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company&#146;s retiree welfare plans are partially funded, although there are no regulations or laws governing or requiring the funding of these plans. As at
December&nbsp;31, 2017, the difference between the fair value of plan assets and the defined benefit obligation for these plans was a deficit of $78 million (2016 &#150; deficit of $79 million). </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Income Taxes </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company is subject to income
tax laws in various jurisdictions. Tax laws are complex and potentially subject to different interpretations by the taxpayer and the relevant tax authority. The provision for income taxes represents management&#146;s interpretation of the relevant
tax laws and its estimate of current and future income tax implications of the transactions and events during the period. A deferred tax asset or liability results from temporary differences between carrying values of the assets and liabilities and
their respective tax basis. Deferred tax assets and liabilities are recorded based on expected future tax rates and management&#146;s assumptions regarding the expected timing of the reversal of such temporary differences. The realization of
deferred tax assets depends upon the existence of sufficient taxable income within the carryback or carry forward periods under the tax law in the applicable tax jurisdiction. A deferred tax asset is recognized to the extent that future realization
of the tax benefit is probable. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the tax benefit will be realized. Factors in management&#146;s determination include, among
other things, the following: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">future taxable income exclusive of reversing temporary differences and carry forwards; </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">future reversals of existing taxable temporary differences; </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">taxable income in prior carryback years; and </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">tax planning strategies. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company may be required to change its provision for income taxes if the ultimate
deductibility of certain items is successfully challenged by taxing authorities or if estimates used in determining the amount of deferred tax assets to recognize change significantly, or when receipt of new information indicates the need for
adjustment in the recognition of deferred tax assets. Additionally, future events, such as changes in tax laws, tax regulations, or interpretations of such laws or regulations, could have an impact on the provision for income tax, deferred tax
balances, actuarial liabilities (see Critical Accounting and Actuarial Policies &#150; Expenses and Taxes above) and the effective tax rate. Any such changes could significantly affect the amounts reported in the Consolidated Financial Statements in
the year these changes occur. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">In 2017, we reported a charge of $1.8 billion related to U.S. Tax Reform. Of this amount, $2.2 billion related to the pre-tax impact on
insurance contract liabilities, offset by a $472 million reduction in the net deferred tax asset. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Goodwill and Intangible Assets
</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Under IFRS, goodwill is tested at the cash generating unit level (&#147;CGU&#148;) or group of CGUs level. A CGU comprises the smallest group of assets
that are capable of generating largely independent cash flows and is either a business segment or a level below. The tests </P>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>76</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

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performed in 2017 demonstrated that there was no impairment of goodwill or intangible assets with indefinite lives. Changes in discount rates and cash flow projections used in the determination
of embedded values or reductions in market-based earnings multiples may result in impairment charges in the future, which could be material. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Impairment charges could
occur in the future as a result of changes in economic conditions. The goodwill testing for 2018 will be updated based on the conditions that exist in 2018 and may result in impairment charges, which could be material. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Future Accounting and Reporting Changes </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">There
are a number of new accounting and reporting changes issued under IFRS including those still under development by the International Accounting Standards Board (&#147;IASB&#148;) that will impact the Company beginning in 2018. Summaries of each of
the most recently issued key accounting standards are presented below. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(a) Changes effective in 2017 </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(I) Annual Improvements 2014&nbsp;&#150;&nbsp;2016 Cycle </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Effective January&nbsp;1, 2017, the Company adopted certain amendments issued within the Annual Improvements to IFRS Standards 2014&nbsp;&#150;&nbsp;2016 Cycle, as issued
by the IASB in December 2016. There are various minor amendments which are effective in 2017, with other amendments being effective January&nbsp;1, 2018. The currently effective amendments were applied retrospectively. Adoption of these amendments
did not have a significant impact on the Company&#146;s Consolidated Financial Statements. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(II) Amendments to IAS 12 &#147;Income
Taxes&#148; </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Effective January&nbsp;1, 2017, the Company adopted the amendments issued in January 2016 to IAS 12 &#147;Income Taxes&#148;. These amendments
were applied retrospectively. The amendments clarify recognition of deferred tax assets relating to unrealized losses on debt instruments measured at fair value. A deductible temporary difference arises when the carrying amount of the debt
instrument measured at fair value is less than the cost for tax purposes, irrespective of whether the debt instrument is held for sale or held to maturity. The recognition of the deferred tax asset that arises from this deductible temporary
difference is considered in combination with other deferred taxes applying local tax law restrictions where applicable. In addition, when estimating future taxable profits, consideration can be given to recovering more than the asset&#146;s carrying
amount where probable. Adoption of these amendments did not have a significant impact on the Company&#146;s Consolidated Financial Statements. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(III) Amendments to IAS 7 &#147;Statement of Cash Flows&#148; </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Effective January&nbsp;1, 2017, the Company adopted the amendments issued in January 2016 to IAS 7 &#147;Statement of Cash Flows&#148;. These amendments were applied
prospectively. These amendments require companies to provide information about changes in their financing liabilities. Adoption of these amendments did not have a significant impact on the Company&#146;s Consolidated Financial Statements. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(b) Accounting and reporting changes issued with an effective date later than 2017 </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(I) Amendments to IFRS 15 &#147;Revenue from Contracts with Customers&#148; </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">IFRS 15 &#147;Revenue from Contracts with Customers&#148; was issued in May 2014, and replaces IAS 11 &#147;Construction Contracts&#148;, IAS 18 &#147;Revenue&#148; and
several interpretations. Amendments to IFRS 15 were issued in April 2016. IFRS 15 as amended is effective for annual periods beginning on or after January&nbsp;1, 2018. The Company will adopt IFRS 15 effective January&nbsp;1, 2018, using the
modified retrospective method with no restatement of comparative information. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">IFRS 15 clarifies revenue recognition principles, provides a robust framework for
recognizing revenue and cash flows arising from contracts with customers and enhances qualitative and quantitative disclosure requirements. IFRS 15 does not apply to insurance contracts, financial instruments and lease contracts. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company&#146;s service arrangements are generally satisfied over time, with revenue measured and collected from customers within a short term, as services are
rendered. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Adoption of IFRS 15 is not expected to have a significant impact on the Company&#146;s Consolidated Financial Statements. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(II) IFRS Interpretation Committee (&#147;IFRIC&#148;) Interpretation 22 &#147;Foreign Currency Transactions and Advance Consideration&#148;
</B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">IFRIC 22 &#147;Foreign Currency Transactions and Advance Consideration&#148; was issued in December 2016, is effective for annual periods beginning on or
after January&nbsp;1, 2018, and may be applied retrospectively or prospectively. IFRIC 22 addresses which foreign exchange rate to use to measure a foreign currency transaction when advance payments are made or received and non-monetary assets or
liabilities are recognized prior to recognition of the underlying transaction. IFRIC 22 does not relate to goods or services accounted for at fair value or at the fair value of consideration paid or received at a date other than the date of initial
recognition of the non-monetary asset or liability, or to income taxes, insurance contracts or reinsurance contracts. The foreign exchange rate on the day of the advance payment is used to measure the foreign currency transaction. If multiple
advance payments are made or received, each payment is measured separately. The Company is assessing the impact of this standard. Adoption of IFRIC 22 is not expected to have a significant impact on the Company&#146;s Consolidated Financial
Statements. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(III) Amendments to IFRS 2 &#147;Share-Based Payment&#148; </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Amendments to IFRS 2 &#147;Share-Based Payment&#148; were issued in June 2016, and are effective for annual periods beginning on or after January&nbsp;1, 2018, to be
applied prospectively. The amendments clarify the effects of vesting and non-vesting conditions on the </P>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>77</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
measurement of cash-settled share-based payments; provide guidance on the classification of share-based payment transactions with net settlement features for withholding tax obligations; and
clarify accounting for modification to the terms and conditions of a share-based payment that changes the classification of the transaction from cash-settled to equity-settled. Adoption of these amendments is not expected to have a significant
impact on the Company&#146;s Consolidated Financial Statements. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(IV) IFRS 9 &#147;Financial Instruments&#148; </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">IFRS 9 &#147;Financial Instruments&#148; was issued in November 2009 and amended in October 2010,&nbsp;November 2013 and July 2014 and is effective for years beginning on
or after January&nbsp;1, 2018, to be applied retrospectively, or on a modified retrospective basis. It is intended to replace IAS 39 &#147;Financial Instruments: Recognition and Measurement&#148;. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The project has been divided into three phases: classification and measurement, impairment of financial assets, and hedge accounting. IFRS 9&#146;s current classification
and measurement methodology provides that financial assets are measured at either amortized cost or fair value on the basis of the entity&#146;s business model for managing the financial assets and the contractual cash flow characteristics of the
financial assets. The classification and measurement for financial liabilities remains generally unchanged; however, for a financial liability designated as at fair value through profit or loss, revisions have been made in the accounting for changes
in fair value attributable to changes in the credit risk of that liability. Gains or losses caused by changes in an entity&#146;s own credit risk on such liabilities are no longer recognized in profit or loss but instead are reflected in OCI. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Revisions to hedge accounting were issued in November 2013 as part of the overall IFRS 9 project. The amendment introduces a new hedge accounting model, together with
corresponding disclosures about risk management activity for those applying hedge accounting. The new model represents a substantial overhaul of hedge accounting that will enable entities to better reflect their risk management activities in their
financial statements. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Revisions issued in July 2014 replace the existing incurred loss model used for measuring the allowance for credit losses with an expected loss
model. Changes were also made to the existing classification and measurement model designed primarily to address specific application issues raised by early adopters of the standard. The revision also addresses the income statement accounting
mismatches and short-term volatility issues which have been identified as a result of the insurance contracts project. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Revisions issued in October 2017 are effective
for annual periods beginning on or after January&nbsp;1, 2019, to be applied retrospectively. The amendments allow financial assets to be measured at amortized cost or fair value through OCI even if the lender is required to pay a reasonable
compensation in the event of an early termination of the contract by the borrower (also referred to as prepayment features with negative compensation). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company
expects to defer IFRS 9 until January&nbsp;1, 2021 as allowed under the amendments to IFRS 4 &#147;Insurance Contracts&#148; outlined below. The Company is assessing the impact of this standard. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(V) Amendments to IFRS 4 &#147;Insurance Contracts&#148; </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Amendments to IFRS 4 &#147;Insurance Contracts&#148; were issued in September 2016, which are effective for annual periods beginning on or after January&nbsp;1, 2018. The
amendments introduce two approaches to address the concerns about the differing effective dates of IFRS&nbsp;9 &#147;Financial Instruments&#148; and IFRS 17 &#147;Insurance Contracts&#148;: the overlay approach and the deferral approach. The overlay
approach provides an option for all issuers of insurance contracts to adjust profit or loss for eligible financial assets by removing any additional accounting volatility that may arise from applying IFRS 9 before IFRS 17 is implemented. The
deferral approach provides companies whose activities are predominantly related to insurance an optional temporary exemption from applying IFRS 9 until January&nbsp;1, 2021. The Company expects to defer IFRS 9 until January&nbsp;1, 2021. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(VI) IFRS 17 &#147;Insurance Contracts&#148; </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">IFRS 17 was issued in May 2017 and is effective for years beginning on January&nbsp;1, 2021, and to be applied retrospectively. If full retrospective application to a
group of contracts is impractical, the modified retrospective or fair value methods may be used. The standard will replace IFRS 4 &#147;Insurance Contracts&#148; and will materially change the recognition and measurement of insurance contracts and
the corresponding presentation and disclosures of the Company&#146;s Financial Statements and MD&amp;A. We are assessing the implications of this standard and expect that it will have a significant impact on the Company&#146;s Consolidated Financial
Statements. In addition, in certain jurisdictions, including Canada, it could have a material effect on tax and regulatory capital positions that are dependent upon IFRS accounting values. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">For life insurance companies, such as Manulife, that have complex long-duration products and/or regulatory and tax regimes dependent upon IFRS accounting values, we
believe that an effective date of January&nbsp;1, 2021 is aggressive. Therefore, while our implementation project is well underway, we and others in the life insurance industry are encouraging the IASB to defer the effective date. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(VII) IFRS 16 &#147;Leases&#148; </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">IFRS 16
&#147;Leases&#148; was issued in January 2016 and is effective for years beginning on or after January&nbsp;1, 2019, to be applied retrospectively or on a modified retrospective basis. It will replace IAS 17 &#147;Leases&#148; and IFRIC 4
&#147;Determining whether an arrangement contains a lease&#148;. IFRS 16 sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract, the customer (&#147;lessee&#148;) and the
supplier (&#147;lessor&#148;). The standard brings most leases on-balance sheet for lessees under a single model, eliminating the previous classifications of operating and finance leases. Exemptions to this treatment are for lease contracts with low
value assets or leases with duration less than one year. The on-balance sheet treatment will result in the grossing up of the balance sheet due to right-of-use assets being recognized with offsetting liabilities. Lessor accounting will remain
largely unchanged with previous classifications of operating and finance leases being maintained. The Company is assessing the impact of this standard. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>78</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(VIII) IFRIC 23 &#147;Uncertainty over Income Tax Treatments&#148; </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">IFRIC 23 &#147;Uncertainty over Income Tax Treatments&#148; was issued in June 2017 and is effective for years beginning on or after January&nbsp;1,&nbsp;2019, to be
applied retrospectively. IFRIC 23 provides guidance on applying the recognition and measurement requirements in IAS 12 when there is uncertainty over income tax treatments including whether uncertain tax treatments should be considered together or
separately based on which approach better predicts resolution of the uncertainty. Adoption of IFRIC 23 is not expected to have a significant impact on the Company&#146;s Consolidated Financial Statements. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(IX) Amendments to IAS 28 &#147;Investments in Associates and Joint Ventures&#148; </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Amendments to IAS 28 &#147;Investments in Associates and Joint Ventures&#148; were issued in October 2017 and are effective for annual periods beginning on or after
January&nbsp;1, 2019, to be applied retrospectively. The amendments clarify that an entity applies IFRS 9 &#147;Financial Instruments&#148; to financial interests in an associate or joint venture to which the equity method is not applied. IAS 39
will be applied to these interests until IFRS 9 is adopted in 2021. Adoption of these amendments is not expected to have a significant impact on the Company&#146;s Consolidated Financial Statements. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>(X) Annual Improvements 2015&nbsp;&#150;&nbsp;2017 Cycle </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Annual Improvements 2015 &#150; 2017 Cycle was issued in December 2017 and is effective for years beginning on or after January&nbsp;1,&nbsp;2019. The IASB issued three
minor amendments to different standards as part of the Annual Improvements process, with the amendments to be applied prospectively. Adoption of these amendments is not expected to have significant impact on the Company&#146;s Consolidated Financial
Statements. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Differences between IFRS and Hong Kong Financial Reporting Standards </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Manulife&#146;s Consolidated Financial Statements are presented in accordance with IFRS. IFRS differs in certain respects from Hong Kong Financial Reporting Standards
(&#147;HKFRS&#148;). Until IFRS 17 &#147;Insurance Contracts&#148; is issued and becomes effective, IFRS 4 &#147;Insurance Contracts&#148; 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. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>IFRS and Hong Kong Regulatory Requirements </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Insurers in Hong Kong are required by the Office of the Commissioner of Insurance to meet minimum solvency requirements. As at December&nbsp;31, 2017, the Company&#146;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. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>79</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B><A NAME="mdatoc476443_13"></A>Risk Factors </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Our insurance, wealth and asset management and other financial services businesses subject Manulife to a broad range of risks. Management has identified the following
risks and uncertainties to which our businesses, operations and financial condition are subject. The risks and uncertainties described below are not the only ones facing us. Additional risks not presently known to us or that we currently deem
immaterial could also impair our businesses, operations and financial condition. If any of such risks should occur, the trading price of our securities, including common shares, preferred shares and debt securities, could decline, and you may lose
all or part of your investment. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Strategic Risk Factors </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We operate in highly competitive markets and compete for customers with both insurance and non-insurance financial services companies. Customer loyalty and retention, and
access to distributors, are important to the Company&#146;s success and are influenced by many factors, including our distribution practices and regulations, product features, service levels, prices, and our financial strength ratings and
reputation. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>We may not be successful in executing our business strategies or these strategies may not achieve our objectives.
</B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Refer to &#147;Risk Management &#150; Strategic Risk&#148; above. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The economic environment could be volatile and our regulatory environment will continue to evolve, potentially with higher capital requirements which could materially impact our competitiveness. Further, the
attractiveness of our product offerings relative to our competitors will be influenced by competitor actions as well as our own, and the requirements of the applicable regulatory regimes. For these and other reasons, there is no certainty that we
will be successful in implementing our business strategies or that these strategies will achieve the objectives we target. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Macro-economic factors may result in our inability to achieve business strategies and plans. Of note, economic factors such as flat or declining equity markets, equity market volatility, or a period of prolonged low
interest rates could impact our ability to achieve business objectives. Other factors, such as management actions taken to bolster capital and manage the Company&#146;s risk profile, including new or amended reinsurance agreements, and additional
actions that the Company may take to help manage near-term regulatory capital ratios or help mitigate equity market and interest rate exposures, could adversely impact our longer-term earnings potential. </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">We may not be able to fully realize the anticipated long-term benefits we expect to result from our decision to reduce the allocation to ALDA in our portfolio asset mix over the next 12-18 months. This initiative will
require us to complete multiple asset dispositions, the success of which will depend on a number of factors, some of which are beyond our control, including macro-economic conditions and regulatory changes. If we are unable to complete these
dispositions, or we complete them at prices or on a timeline which is not consistent with our current expectations, additional charges may be incurred in the future. In addition, the impact of our decision to reduce the allocation to ALDA in our
portfolio asset mix relies, in part, on our ability to effectively redeploy the capital released by this decision into other investments. There can be no certainty that the performance of these other investments will meet our current expectations.
</TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Our insurance businesses are heavily regulated, and changes in regulation may reduce our profitability and limit our growth.
</B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our insurance operations are subject to a wide variety of insurance and other laws and regulations. Insurance and securities regulators in Canada, the United States, Asia and other jurisdictions regularly re-examine
existing laws and regulations applicable to insurance companies, investment advisors, brokers-dealers and their products. Compliance with applicable laws and regulations is time consuming and personnel-intensive, and changes in these laws and
regulations or in the interpretation or enforcement thereof, may materially increase our direct and indirect compliance costs and other expenses of doing business, thus having a material adverse effect on our results of operations and financial
condition. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">In addition, international regulators as well as domestic financial authorities and regulators in many countries have been reviewing their capital requirements and are implementing, or are considering implementing,
changes aimed at strengthening risk management and capitalization of financial institutions. Future regulatory capital, actuarial and accounting changes, including changes with a retroactive impact, could have a material adverse effect on the
Company&#146;s consolidated financial condition, results of operations and regulatory capital both on transition and going forward. In addition, such changes could have a material adverse effect on the Company&#146;s position relative to that of
other Canadian and international financial institutions with which Manulife competes for business and capital. See &#147;Risk Management &#150; Regulatory Updates&#148; section above for changes related to the revised regulatory capital framework in
Canada that became effective January&nbsp;1, 2018. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">In Canada, MFC and its principal operating subsidiary, MLI, are governed by the Insurance Companies Act (Canada) (&#147;ICA&#148;). The ICA is administered, and the activities of the Company are supervised, by the
Office of the Superintendent of Financial Institutions (&#147;OSFI&#148;). MLI is also subject to regulation and supervision under the insurance laws of each of the provinces and territories of Canada. Regulatory oversight is vested in various
governmental agencies having broad administrative power with respect to, among other things, dividend payments, capital adequacy and risk-based capital requirements, asset and reserve valuation requirements, permitted investments and the sale and
marketing of insurance contracts. These regulations are intended to protect policyholders and beneficiaries rather than investors and may adversely impact shareholder value. </TD></TR></TABLE>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>80</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

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<TD ALIGN="left" VALIGN="top">Some recent examples of regulatory and professional standard developments, in addition to the developments outlined in the &#147;Risk&nbsp;Management &#150; Regulatory Updates&#148; section above, which could impact our
net income attributed to shareholders and/or capital position are provided below. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></SUP>&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">In 2013, the International Association of Insurance Supervisors (&#147;IAIS&#148;) committed to the completion of several capital initiatives that would apply to select global insurance groups to reflect their systemic
importance to the international financial system, including Basic Capital Requirements introduced in 2015, and the Higher Loss Absorbency requirements to be implemented in 2019. The most relevant for us is the IAIS plan to adopt a global Insurance
Capital Standard in 2019 that will apply to all large internationally active insurance groups. It is not yet known how the proposals will affect capital requirements and Manulife&#146;s competitive position; however, in November 2017, the IAIS
announced a plan to introduce the Insurance Capital Standard in two phases &#150; a 5-year monitoring phase followed by an implementation phase. The 5-year monitoring phase will consist of mandatory confidential reporting. In addition, IAIS
designates annually a group of Global&nbsp;Systemically Important Insurers (&#147;GSII&#148;) that are subject to incremental capital and oversight requirements.&nbsp;While Manulife was not named a GSII in the past, there remains a risk of such a
designation. The list of companies designated as GSIIs was not updated in 2017 to allow the IAIS time to complete its work developing an Activities-Based Approach to the designation of GSIIs which could be used for future designations.
</TD></TR></TABLE>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></SUP>&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The National Association of Insurance Commissioners (&#147;NAIC&#148;) has been reviewing reserving and capital methodologies as well as the overall risk management framework. These reviews will affect U.S. life
insurers, including John Hancock, and could lead to increased reserving and/or capital requirements for our business in the U.S. In addition, the NAIC is continuing to explore the development of a group capital calculation tool; however, the scope
of any such tool has not yet been determined. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The Actuarial Standards Board (&#147;ASB&#148;) promulgates certain assumptions referenced in the CIA Standards of Practice for the valuation of insurance contract liabilities. These promulgations are updated
periodically and in the event that new promulgations are published, they will apply to the determination of actuarial liabilities and may lead to an increase in actuarial liabilities and a reduction in net income attributed to shareholders. In 2017,
the ASB updated the Ultimate Reinvestment Rate (&#147;URR&#148;) assumption with a 10 basis point reduction. Long-term risk-free rates continue to be below the updated URR and further reductions to the URR by the ASB would result in an increase in
actuarial liabilities and a reduction in net income attributed to shareholders. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">In the United States, state insurance laws regulate most aspects of our business, and our U.S. insurance subsidiaries are regulated by the insurance departments of the states in which they are domiciled and the states
in which they are licensed. State laws grant insurance regulatory authorities broad administrative powers with respect to, among other things: licensing companies and agents to transact business; calculating the value of assets to determine
compliance with statutory requirements; mandating certain insurance benefits; regulating certain premium rates; reviewing and approving policy forms; regulating unfair trade and claims practices, including through the imposition of restrictions on
marketing and sales practices, distribution arrangements and payment of inducements; regulating advertising; protecting privacy; establishing statutory capital and reserve requirements and solvency standards; fixing maximum interest rates on
insurance policy loans and minimum rates for guaranteed crediting rates on life insurance policies and annuity contracts; approving changes in control of insurance companies; restricting the payment of dividends and other transactions between
affiliates; and regulating the types, amounts and valuation of investments. Changes in any such laws and regulations, or in the interpretation or enforcement thereof by regulators, could significantly affect our business, results of operations and
financial condition. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Currently, the U.S. federal government does not directly regulate the business of insurance. However, federal legislation and administrative policies in several areas can significantly and adversely affect state
regulated insurance companies. These areas include financial services regulation, securities regulation, pension regulation, privacy, tort reform legislation and taxation. In addition, under the Dodd-Frank Wall Street Reform and Consumer Protection
Act (&#147;Dodd-Frank&#148;), the U.S. Board of Governors of the Federal Reserve has supervisory powers over non-bank financial companies that are determined to be systemically important, including certain insurance companies. For further discussion
on Dodd-Frank, refer to the risk factor entitled &#147;Dodd-Frank could adversely impact our results of operations and our liquidity&#148;. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Insurance guaranty associations in Canada and the United States have the right to assess insurance companies doing business in their jurisdiction for funds to help pay the obligations of insolvent insurance companies to
policyholders and claimants. Because the amount and timing of an assessment is beyond our control, the liabilities that we have currently established for these potential liabilities may not be adequate. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">While many of the laws and regulations to which we are subject are intended to protect policyholders, beneficiaries, depositors and investors in our products and services, others also set standards and requirements for
the governance of our operations. Failure to comply with applicable laws or regulations could result in financial penalties or sanctions, and damage our reputation. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">From time to time, regulators raise issues during examinations or audits of Manulife that could have a material adverse impact on us. We cannot predict whether or when regulatory actions may be taken that could
adversely affect our operations. For further discussion of government regulation and legal proceedings refer to &#147;Government Regulation&#148; in MFC&#146;s Annual Information Form dated February&nbsp;7, 2018 and &#147;Legal and Regulatory
Proceedings&#148; below. Refer to the risk factor &#147;Our non-North American operations face political, legal, operational and other risks that could negatively affect those operations or our results of operations and financial condition&#148; for
further discussion on the impact to our operations. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Dodd-Frank could adversely impact our results of operations and our
liquidity. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:9pt">Dodd-Frank establishes a framework for regulation of over-the-counter (&#147;OTC&#148;) derivatives which affects activities
of the Company that use derivatives for various purposes, including hedging equity market, interest rate and foreign currency exposures. Regulations </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>81</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:9pt">
promulgated by the U.S. Commodity Futures Trading Commission (&#147;CFTC&#148;) and proposed by the U.S. Securities and Exchange Commission (&#147;SEC&#148;) under Dodd-Frank require certain
types of OTC derivative transactions to be cleared through a regulated clearinghouse, and a subset of such transactions to be executed through a centralized exchange or regulated facility. These CFTC rules impose, and the SEC rules may impose,
additional costs on the Company. </P></TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Both cleared and non-cleared derivative transactions are now subject to margin requirements under Dodd-Frank. Cleared derivatives transactions are subject to daily initial margin, and variation margin requirements
imposed by the clearinghouse, while our non-cleared derivatives are subject to daily variation margin requirements. These margin requirements impose costs and increase liquidity risk for the Company. These margin requirements combined with the more
restricted list of securities that qualify as eligible collateral for both cleared and non-cleared derivatives requires us to hold larger positions in cash and treasuries, which could reduce net income attributed to shareholders. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">In-force OTC derivative transactions are grandfathered and will migrate to being cleared through exchanges over time, or the Company may elect to accelerate the migration. As such, this may not become a significant risk
for Manulife until a large portion of our derivatives have transitioned to clearinghouses (expected in the 2021 to 2023 timeframe) and market conditions adverse to liquidity (material increases in interest rates and/or equity markets) have been
experienced. However, in certain situations such as ratings downgrade, our counterparties may be able to accelerate the transition by exercising any potential rights to terminate the contract.&nbsp;Some OTC derivative contracts also give Manulife
and its counterparties the right to cancel the contract after specific dates.&nbsp;Any such cancellation by our counterparties could accelerate the transition to clearing. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The full impact of these regulations on our operations, hedging costs, hedging strategy and its implementation, is still evolving, and it remains unclear whether Dodd-Frank and similar regulations in other jurisdictions
will lead to an increase or decrease in or change in composition of the risks we seek to hedge. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Manulife has been closely monitoring the evolving regulations and industry trends pertaining to these requirements. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT
 COLOR="#1f320c"><B>International Financial Reporting Standards will have a material impact on our financial results. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The IASB has issued a new accounting standard for insurance contracts in 2017, with an effective date of 2021. Until this standard is effective, IFRS does not currently prescribe an insurance contract measurement model
and therefore, as permitted by IFRS 4 &#147;Insurance Contracts&#148;, insurance contract liabilities continue to be measured using CALM. Under CALM, the measurement of actuarial liabilities is based on projected liability cash flows, together with
estimated future premiums and net investment income generated from assets held to support those liabilities. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The standard could create material volatility in our financial results and capital position; and could result in a lower discount rate used for the determination of actuarial liabilities, thereby increasing our
actuarial liabilities and reducing our equity. The Company&#146;s capital position (see note below) and income for accounting purposes could be significantly influenced by prevailing market conditions, resulting in volatility of reported results,
that may necessitate changes to business strategies. The standard requires that margins created from the sale of new business are deferred in full, eliminating accounting gains at the time of sale. Note: The regulatory capital framework in Canada is
currently aligned with IFRS. In Canada, OSFI will decide on the appropriate recognition of the accounting outcomes within the regulatory capital framework. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Additionally, other jurisdictions may not adopt the standard as issued or on the same timeline as published by the IASB, and there is a possibility that Canada will be the first to adopt the standard. Adopting the
standard in Canada before it is adopted elsewhere could increase our cost of capital compared with global competitors and the banking sector in Canada. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Any mismatch between the underlying economics of our business and the new accounting standard could have significant unintended negative consequences on our business model; and potentially affect our customers,
shareholders and the capital markets. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Changes in tax laws, tax regulations, or interpretations of such laws or regulations
could make some of our products less attractive to consumers, could increase our corporate taxes or cause us to change the value of our deferred tax assets and liabilities as well as our tax assumptions included in the valuation of our policy
liabilities. This could have a material adverse effect on our business, results of operations and financial condition. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Many of the products that the Company sells benefit from one or more forms of preferred tax treatment under current income tax regimes. For example, the Company sells life insurance policies that benefit from the
deferral or elimination of taxation on earnings accrued under the policy, as well as permanent exclusion of certain death benefits that may be paid to policyholders&#146; beneficiaries. We also sell annuity contracts that allow the policyholders to
defer the recognition of taxable income earned within the contract. Other products that the Company sells, such as certain employer-paid health and dental plans, also enjoy similar, as well as other, types of tax advantages. The Company also
benefits from certain tax benefits, including tax-exempt interest, dividends-received deductions, tax credits (such as foreign tax credits), and favourable tax rates and/or income measurement rules for tax purposes. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">There is risk that tax legislation could be enacted that would lessen or eliminate some or all of the tax advantages currently benefiting the Company or its policyholders or its other clients. This could occur in the
context of deficit reduction or other tax reforms. The effects of any such changes could result in materially lower product sales, lapses of policies currently held, and/or our incurrence of materially higher corporate taxes, any of which could have
a material adverse effect on our business, results of operations and financial condition. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Additionally, the Company may be required to change its provision for income taxes or carrying amount of deferred tax assets or liabilities if the characterization of certain items is successfully challenged by taxing
authorities or if future transactions or events, which could include changes in tax laws, tax regulations or interpretations of such laws or regulations, occur. Any such changes could significantly affect the amounts reported in the Consolidated
Financial Statements in the year these changes occur. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>82</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

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<TD ALIGN="left" VALIGN="top">On December&nbsp;22, 2017, the U.S. government enacted new tax legislation effective January&nbsp;1, 2018 (&#147;U.S. Tax Reform&#148;).&nbsp;The legislation makes broad and complex changes to the U.S. tax code and
accordingly it will take time to assess and interpret the changes. Based on a preliminary understanding of the new legislation, we have recorded a provisional charge of $1.8 billion, <FONT STYLE="white-space:nowrap">post-tax,</FONT> for the
estimated impact of U.S. Tax Reform on policyholder liabilities and deferred tax assets, including the reduction in the U.S. federal corporate income tax rate and the impact of specific life insurance regulations which limits the deductibility of
reserves for U.S. federal income tax purposes. This provisional charge may change materially in the future following a more comprehensive review of the legislation, including changes in interpretations and tax assumptions made in the valuation of
policy liabilities as well as implementation of and guidance from the Internal Revenue Service and other bodies, and as a result of any future changes or amendments to that legislation. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">As corporations adapt to U.S. Tax Reform, their actions could lead to a reduction in the amount of corporate borrowings. Lower borrowings may mean less corporate issuance which may lead to tighter spreads.
</TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Access to capital may be negatively impacted by market conditions. </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Disruptions, uncertainty or volatility in the financial markets may limit our access to capital required to operate our business. Such market conditions may limit our ability to satisfy regulatory capital requirements,
to access the capital necessary to grow our business and meet our refinancing requirements. Under extreme conditions, we may be forced, among other things, to delay raising capital, issue different types of capital than we would otherwise, less
effectively deploy such capital, issue shorter term securities than we prefer, or issue securities that bear an unattractive cost of capital which could decrease our profitability, dilute our existing shareholders, and significantly reduce our
financial flexibility. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>We may experience future downgrades in our financial strength or credit ratings, which may materially
adversely impact our financial condition and results of operations. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Credit rating agencies publish financial strength ratings on life insurance companies that are indicators of an insurance company&#146;s ability to meet contract holder and policyholder obligations. Credit rating
agencies also assign credit ratings, which are indicators of an issuer&#146;s ability to meet the terms of its obligations in a timely manner, and are important factors in a company&#146;s overall funding profile and ability to access external
capital. </TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Ratings are important factors in establishing the competitive position of insurance companies, maintaining public confidence in products being offered, and determining the cost of capital. A ratings downgrade, or the
potential for such a downgrade could, among other things: increase our cost of capital and limit our access to the capital markets; cause some of our existing liabilities to be subject to acceleration, additional collateral support, changes in
terms, or additional financial obligations; result in the termination of our relationships with broker-dealers, banks, agents, wholesalers and other distributors of our products and services; unfavourably impact our ability to execute on our hedging
strategies; materially increase the number of surrenders, for all or a portion of the net cash values, by the owners of policies and contracts we have issued, and materially increase the number of withdrawals by policyholders of cash values from
their policies; and reduce new sales. Any of these consequences could adversely affect our results of operations and financial condition. </TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Credit rating agencies remain concerned with: our capital and net earnings volatility associated with fair-value accounting; net residual exposures to equity markets and lower interest rates; challenges associated with
managing in-force long-term care, universal life with secondary guarantees and variable annuity products in the U.S. Some credit rating agencies also view our financial leverage and earnings coverage metrics as not meeting expectations. There can be
no guarantee that downgrades will not occur. </TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">It is possible that there will be changes in the benchmarks for capital, liquidity, earnings and other factors used by these credit rating agencies that are important to a ratings assignment at a particular rating
level. Any such changes could have a negative impact on our ratings, which could adversely impact our results of operations, financial condition and access to capital markets. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Competitive factors may adversely affect our market share and profitability. </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The insurance, wealth and asset management industries are highly competitive. Our competitors include other insurers, securities firms, investment advisors, mutual funds, banks and other financial institutions.
Financial service firms which rely heavily on technology-driven business models (e.g. fintech and insurtech firms) are also increasingly becoming potential competitors. Our competitors compete with us for customers, access to distribution channels
such as brokers and independent agents, and for employees. In some cases, competitors may be subject to less onerous regulatory requirements, have lower operating costs or have the ability to absorb greater risk while maintaining their financial
strength ratings, thereby allowing them to price their products more competitively or offer features that make their products more attractive. These competitive pressures could result in lower new business volumes and increased pricing pressures on
a number of our products and services that may harm our ability to maintain or increase our profitability. Because of the highly competitive nature of the financial services industry, there can be no assurance that we will continue to effectively
compete with our industry rivals and competitive pressure may have a material adverse effect on our business, results of operations and financial condition. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>We may experience difficulty in marketing and distributing products through our current and future distribution channels. </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:9pt">We distribute our insurance and wealth management products through a variety of distribution channels, including brokers,
independent agents, broker-dealers, banks, wholesalers, affinity partners, other third-party organizations and our own sales force in Asia. We generate a significant portion of our business through individual third-party arrangements. We
periodically negotiate provisions and renewals of these relationships, and there can be no assurance that such terms will remain acceptable to us or relevant third parties. An interruption in our continuing relationship with certain of these third
parties could significantly affect our </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>83</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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ability to market our products and could have a material adverse effect on our business, results of operations and financial condition. </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Industry trends could adversely affect the profitability of our businesses. </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our business segments continue to be influenced by a variety of trends that affect our business and the financial services industry in general. The impact of the volatility and instability of the financial markets on
our business is difficult to predict. The Company&#146;s business plans, financial condition and results of operations have been in the recent past and may in the future be negatively impacted or affected. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>We may face unforeseen liabilities or asset impairments arising from possible acquisitions and dispositions of businesses or difficulties
integrating acquired businesses. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We have engaged in acquisitions and dispositions of businesses in the past, and expect to continue to do so in the future as we may deem appropriate. There could be unforeseen liabilities or asset impairments, including
goodwill impairments that arise in connection with the businesses that we may sell, have acquired, or may acquire in the future. In addition, there may be liabilities or asset impairments that we fail, or are unable, to discover in the course of
performing due diligence investigations on acquisition targets. Furthermore, the use of our own funds as consideration in any acquisition would consume capital resources that would no longer be available for other corporate purposes.
</TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our ability to achieve some or all of the benefits we anticipate from any acquisitions of businesses will depend in large part upon our ability to successfully integrate the businesses in an efficient and effective
manner. We may not be able to integrate the businesses smoothly or successfully, and the process may take longer than expected. The integration of operations may require the dedication of significant management resources, which may distract
management&#146;s attention from our day-to-day business. Acquisitions of operations outside of North America, especially any acquisition in a jurisdiction in which we do not currently operate, may be particularly challenging or costly to integrate.
If we are unable to successfully integrate the operations of any acquired businesses, we may be unable to realize the benefits we expect to achieve as a result of the acquisitions and the results of operations may be less than expected.
</TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>If our businesses do not perform well, or if the outlook for our businesses is significantly lower than historical trends, we
may be required to recognize an impairment of goodwill or intangible assets or to establish a valuation allowance against our deferred tax assets, which could have a material adverse effect on our results of operations and financial condition.
</B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Goodwill represents the excess of the amounts we paid to acquire subsidiaries and other businesses over the fair value of their net identifiable assets at the date of acquisition. Intangible assets represent assets that
are separately identifiable at the time of an acquisition and provide future benefits such as the John Hancock brand. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Goodwill and intangible assets with indefinite lives are tested at least annually for impairment. Goodwill is tested at the cash generating unit (&#147;CGU&#148;) or group of CGUs level, representing the smallest group
of assets that is capable of generating largely independent cash flows. The Company completed its 2017 goodwill and intangible asset tests in the fourth quarter of 2017, and as a result, management concluded that there was no impairment of goodwill
or intangible assets with indefinite lives. Going forward, as a result of the impact of economic conditions and changes in product mix and the granular level of goodwill testing under IFRS, additional impairment charges could occur in the future.
</TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">At December&nbsp;31, 2017, under IFRS we had $5,713 million of goodwill and $4,127 million of intangible assets. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">If market conditions deteriorate in the future and, in particular, if MFC&#146;s common share price is low relative to book value per share, if the Company&#146;s actions to limit risk associated with its products or
investments cause a significant change in any one CGU&#146;s recoverable amount, or if the outlook for a CGU&#146;s results deteriorate, the Company may need to reassess the value of goodwill and/or intangible assets which could result in
impairments during 2018 or subsequent periods. Such impairments could have a material adverse effect on our results of operations and financial condition. </TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Deferred income tax balances represent the expected future tax effects of the differences between the book and tax basis of assets and liabilities, loss carry forwards and tax credits. Deferred tax assets are recorded
when the Company expects to claim deductions on tax returns in the future for expenses that have already been recorded in the financial statements. </TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The availability of those deductions is dependent on future taxable income against which the deductions can be made. Deferred tax assets are assessed periodically by management to determine if they are realizable.
Factors in management&#146;s determination include the performance of the business including the ability to generate gains from a variety of sources and tax planning strategies. If based on information available at the time of the assessment, it is
determined that the deferred tax asset will not be realized, then the deferred tax asset is reduced to the extent that it is no longer probable that the tax benefit will be realized. At December&nbsp;31,&nbsp;2017, following U.S. Tax Reform, we had
$4,569 million of deferred tax assets. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>We may not be able to protect our intellectual property and may be subject to
infringement claims. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:9pt">We rely on a combination of contractual rights and copyright, trademark, patent and trade secret laws to establish and
protect our intellectual property. In particular we have invested considerable resources in promoting the brand names &#147;Manulife&#148; and &#147;John Hancock&#148; and expect to continue to do so. Although we use a broad range of measures to
protect our intellectual property rights, third parties may infringe or misappropriate our intellectual property. We may have to litigate to enforce and protect our copyrights, trademarks, patents, trade secrets and know-how or to determine their
scope, validity or enforceability, which represents a diversion of resources that may be significant in amount and may not prove successful. The loss of intellectual property protection
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>84</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

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or the inability to secure or enforce the protection of our intellectual property assets could have a material adverse effect on our business and our ability to compete. </P></TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We also may be subject to costly litigation in the event that another party alleges our operations or activities infringe upon its intellectual property rights. Third parties may have, or may eventually be issued,
patents that could be infringed by our products, methods, processes or services. Any party that holds such a patent could make a claim of infringement against us. We may also be subject to claims by third parties for breach of copyright, trademark,
trade secret or license usage rights. Any such claims and any resulting litigation could result in significant liability for damages. If we were found to have infringed a third-party patent or other intellectual property rights, we could incur
substantial liability, and in some circumstances could be enjoined from providing certain products or services to our customers or utilizing and benefiting from certain methods, processes, copyrights, trademarks, trade secrets or licenses, or
alternatively could be required to enter into costly licensing arrangements with third parties, all of which could have a material adverse effect on our business, results of operations and financial condition. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Applicable laws may discourage takeovers and business combinations that common shareholders of MFC might consider in their best interests.
</B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The ICA contains restrictions on the purchase or other acquisition, issue, transfer and voting of the shares of an insurance company. In addition, under applicable U.S. insurance laws and regulations in states where
certain of our insurance company subsidiaries are domiciled, no person may acquire control of MFC without obtaining prior approval of those states&#146; insurance regulatory authorities. These restrictions may delay, defer, prevent, or render more
difficult a takeover attempt that common shareholders of MFC might consider in their best interests. For instance, they may prevent shareholders of MFC from receiving the benefit from any premium to the market price of MFC&#146;s common shares
offered by a bidder in a takeover context. Even in the absence of a takeover attempt, the existence of these provisions may adversely affect the prevailing market price of MFC&#146;s common shares if they are viewed as discouraging takeover attempts
in the future. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Entities within the MFC Group are interconnected which may make separation difficult. </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">MFC operates in local markets through subsidiaries and branches of subsidiaries. These local operations are financially and operationally interconnected to lessen expenses, share and reduce risk, and efficiently utilize
financial resources. In general, external capital required for companies in the Manulife group has been raised at the MFC or MLI level and then transferred to other entities as equity or debt capital as appropriate. Other linkages include
policyholder and other creditor guarantees, loans, capital maintenance agreements, derivatives, shared services and affiliate reinsurance treaties. Accordingly, the risks undertaken by a subsidiary may be transferred to or shared by affiliates
through financial and operational linkages. Some of the consequences of this are: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></SUP>&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Financial difficulties at a subsidiary may not be isolated and could cause material adverse effects on affiliates and the group as a whole. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></SUP>&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Linkages may make it difficult to dispose of or separate a subsidiary or business within the group by way of a spin-off or similar transaction and the disposition or separation of a subsidiary or business may not fully
eliminate the liability of the Company and its remaining subsidiaries for shared risks. Issues raised by such a transaction could include: (i)&nbsp;the Company cannot terminate, without policyholder consent and in certain jurisdictions regulator
consent, parental guarantees on in-force policies and therefore would continue to have residual risk under any such non-terminated guarantees; (ii)&nbsp;internal capital mobility and efficiency could be limited; (iii)&nbsp;significant potential tax
consequences; (iv)&nbsp;uncertainty about the accounting and regulatory outcomes of such a transaction; (v)&nbsp;obtaining any other required approvals; (vi)&nbsp;there may be a requirement for significant capital injections; and (vii)&nbsp;the
transaction may result in increased sensitivity of net income attributed to shareholders and capital of MFC and its remaining subsidiaries to market declines. </TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Market Risk Factors </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Our most significant source of publicly traded equity risk arises from variable annuity and segregated funds with guarantees, where the
guarantees are linked to the performance of the underlying funds. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Publicly traded equity performance risk arises from a variety of sources, including guarantees associated with variable annuity and segregated fund products, asset based fees, and investments in publicly traded equities
supporting both our general fund products and our surplus segment. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Guaranteed benefits are contingent and payable upon death, maturity, permitted withdrawal or annuitization. If equity markets decline or even if they increase by an amount lower than that assumed in our actuarial
valuation, additional liabilities may need to be established to cover the contingent liabilities, resulting in a reduction in net income attributed to shareholders and regulatory capital ratios. Further, if equity markets do not recover to the
amount of the guarantees, by the dates the liabilities are due, the accrued liabilities will need to be paid out in cash. In addition, sustained flat or declining public equity markets would likely reduce asset based fee revenues related to variable
annuities and segregated funds with guarantees and related to other wealth and insurance products. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Where publicly traded equity investments are used to support policy liabilities, the policy valuation incorporates projected investment returns on these assets. If actual returns are lower than the expected returns, the
investment losses will reduce net income attributed to shareholders. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:9pt">For products where the investment strategy applied to future cash flows in the policy valuation includes investing a
specified portion of future cash flows in publicly traded equities, a decline in the value of publicly traded equities relative to other assets could require us to change the investment mix assumed for future cash flows, which may increase policy
liabilities and reduce net income </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>85</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:9pt">
attributed to shareholders. A reduction in the outlook for expected future returns for publicly traded equities, which could result from a fundamental change in future expected economic growth,
would increase policy liabilities and reduce net income attributed to shareholders. Furthermore, to the extent publicly traded equities are held as AFS, other than temporary impairments that arise will reduce income. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Expected long-term annual market growth assumptions for public equities for key markets are based on long-term historical observed experience. See Critical Accounting and Actuarial Policies for the rates used in the
stochastic valuation of our segregated fund guarantee business. The calibration of the economic scenario generators that are used to value segregated fund guarantee business complies with current CIA Standards of Practice for the valuation of these
products. Implicit margins, determined through stochastic valuation processes, lower net yields used to establish policy liabilities. Assumptions used for public equities backing liabilities are also developed based on historical experience but are
constrained by different CIA Standards of Practice and differ slightly from those used in stochastic valuation. Alternative asset return assumptions vary based on asset class but are largely consistent, after application of valuation margins and
differences in taxation, with returns assumed for public equities. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>We experience interest rate and spread risk within the
general fund primarily due to the uncertainty of future returns on investments. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Interest rate and spread risk arises from general fund guaranteed benefit products, general fund adjustable benefit products with minimum rate guarantees, general fund products with guaranteed surrender values,
segregated fund products with minimum benefit guarantees and from surplus fixed income investments. The risk arises within the general fund primarily due to the uncertainty of future returns on investments to be made as assets mature and as
recurring premiums are received and invested or reinvested to support longer dated liabilities. Interest rate risk also arises due to minimum rate guarantees and guaranteed surrender values on products where investment returns are generally passed
through to policyholders. A rapid rise in interest rates may also result in losses attributable to early liquidation of fixed income instruments supporting contractual surrender benefits, if customers surrender to take advantage of higher interest
rates on offer elsewhere. In order to reduce interest rate risk, the duration of fixed income investments in liability and surplus segments is lengthened by entering into interest rate hedges. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The valuation of policy liabilities reflects assumptions for the yield on future investments and the projected cash flows associated with interest rate hedges. A general decline in interest rates, without a change in
corporate bond spreads and swap spreads, will reduce the assumed yield on future investments but favourably impact the value of lengthening interest rate hedges. Conversely, a general increase in interest rates, without a change in corporate bond
spreads and swap spreads, will increase the assumed yield on future investments, but unfavourably impact the value of lengthening interest rate hedges. The Company&#146;s disclosed estimated impact from interest rate movements reflects a parallel
increase and decrease in interest rates of specific amounts. The reinvestment assumptions used in the valuation of our insurance liabilities are based on interest rate scenarios and calibration criteria set by the Actuarial Standards Board, while
our interest rate hedges are valued using current market interest rates. Therefore, in any particular quarter, changes to the reinvestment assumptions are not fully aligned to changes in current market interest rates especially when there is a
significant change in the shape of the interest rate curve. As a result, the impact from non-parallel movements may be materially different from the estimated impact of parallel movements. Furthermore, changes in interest rates could change the
reinvestment scenarios used in the calculation of our actuarial liabilities. The reinvestment scenario changes tend to amplify the negative effects of a decrease in interest rates, and dampen the positive effects of interest rate increases. In
addition, decreases in corporate bond spreads or increases in swap spreads should generally result in an increase in policy liabilities and a reduction in net income attributed to shareholders, while an increase in corporate bond spreads or a
decrease in swap spreads should generally have the opposite impact. The impact of changes in interest rates and in spreads may be partially offset by changes to credited rates on adjustable products that pass through investment returns to
policyholders. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The Company uses London Interbank Offered Rate (&#147;LIBOR&#148;) based derivatives for the management of our interest rate risk and is reliant on the continued use of LIBOR as a reference rate in the
marketplace.&nbsp;The Chief Executive of the U.K. Financial Conduct Authority (&#147;FCA&#148;) has announced that, after 2021, the FCA would no longer use its power to persuade or compel panel banks to submit rate information used to determine
LIBOR.&nbsp;If LIBOR ceases to be published as a reference rate, market participants would need to transition to an alternative reference rate. Any transition of LIBOR to an alternative reference rate may adversely affect the valuation of our
existing debt securities and derivatives and the effectiveness of those derivatives in mitigating our risks. Furthermore, depending on the nature of the alternative reference rate, we may become exposed to additional risks from new debt or
derivative transactions. The nature of these additional risks cannot be estimated at this time as discussions regarding the replacement of LIBOR are ongoing. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">For segregated fund and variable annuity products, a sustained increase in interest rate volatility or a decline in interest rates would also likely increase the costs of hedging the benefit guarantees provided.
</TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>We experience ALDA performance risk when actual returns are lower than expected returns. </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">ALDA performance risk arises from general fund investments in commercial real estate, timber properties, farmland properties, infrastructure, oil and gas properties, and private equities. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:9pt">Where these assets are used to support policy liabilities, the policy valuation incorporates projected investment returns on
these assets. ALDA assumptions vary by asset class and generally have a similar impact on policy liabilities as public equities would. If actual returns are lower than the expected returns, there will be a negative impact to the net income
attributed to shareholders. A reduction in the outlook for expected future returns for ALDA, which could result from a variety of factors such as a fundamental change in future expected economic growth or declining risk premiums due to increased
competition for such assets, would increase policy liabilities and reduce net income attributed to shareholders. Further, if returns on certain external asset benchmarks </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>86</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

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<Center><DIV STYLE="width:8.5in" align="left">

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<TD WIDTH="1%">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:9pt">
used to determine permissible assumed returns under the CIA Standards of Practice are lower than expected, the Company&#146;s policy liabilities will increase, reducing net income attributed to
shareholders. </P></TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">In recent periods, the value of oil and gas assets has been negatively impacted by the decline in energy prices and could be further negatively affected by additional declines in energy prices as well as by a number of
other factors including production declines, adverse operating results, the impact of weather conditions on seasonal demand, our ability to execute on capital programs, incorrect assessments of the value of acquisitions, uncertainties associated
with estimating oil and natural gas reserves, difficult economic conditions and geopolitical events. Changes in government regulation of the oil and gas industry, including environmental regulation, carbon taxes and changes in the royalty rates
resulting from provincial royalty reviews, could also adversely affect the value of our oil and gas investments. The negative impact of changes in these factors can take time to be fully reflected in the valuations of these investments, especially
if the change is large and rapid. It can take time for market participants to adjust their forecasts and better understand the potential medium to long-term impact of the changes. As a result, valuation changes in any given period may reflect the
delayed impact of events that occurred in prior periods. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Difficult economic conditions could result in higher vacancy, lower rental rates and lower demand for real estate investments, all of which would negatively impact the value of our real estate investments. Difficult
economic conditions could also prevent companies in which we have made private equity investments from achieving their business plans and could cause the value of these investments to fall, or even cause the companies to fail entirely. Declining
valuation multiples in the public equity market would also likely cause values to decline in our private equity portfolio. The timing and amount of investment income from private equity investments is difficult to predict, and investment income from
these investments can vary from quarter to quarter. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">In addition, a rising interest rate environment could result in the value of some of our ALDA investments declining, particularly those with fixed contractual cash flows such as real estate. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We rely on a diversified portfolio of ALDA assets to generate returns. Diversification benefits may go down over time, especially during a period of economic stress, which would adversely affect portfolio returns.
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The Company determines investment return assumptions for ALDA in accordance with the Standards of Practice for the valuation of insurance contract liabilities and guidance published by the CIA. The guidance requires
that the investment return assumption for these assets should not be higher than the historical long-term average returns of an appropriate broad-based index. Where such experience is not available, the investment return assumption for these assets
should not result in a lower reserve than an assumption based on a historical-return benchmark for public equities in the same jurisdiction. As a result, the impact of changes in the historical returns for public equity benchmarks may result in an
update to our investment return assumptions for ALDA. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Our liabilities are valued based on an assumed asset investment strategy
over the long term. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We develop an investment strategy for the assets that back our liabilities. The strategy involves making assumptions on the kind of assets in which we will invest and the returns such assets will generate.
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We may not be able to implement our investment strategy as intended due to a lack of assets available at the returns we assume. This may result in a change in investment strategy and/or assumed future returns, thus
adversely impacting our financial results. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">From time to time we may decide to adjust our portfolio asset mix which may result in adverse impacts to our financial results for one or more periods. On December&nbsp;22, 2017, we announced our decision to reduce the
allocation to ALDA in our portfolio asset mix resulting in charge to net income attributed to shareholders in 4Q17 of approximately $1 billion post-tax. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>We experience foreign exchange risk as a substantial portion of our business is transacted in currencies other than Canadian dollars.
</B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our financial results are reported in Canadian dollars. A substantial portion of our business is transacted in currencies other than Canadian dollars, mainly U.S. dollars, Hong Kong dollars and Japanese yen. If the
Canadian dollar strengthens relative to these currencies, net income attributed to shareholders would decline and our reported shareholders&#146; equity would decline. A weakening of the Canadian dollar against the foreign currencies in which we do
business would have the opposite effect, and would increase net income attributed to shareholders and shareholders&#146; equity. The ultimate impact to the regulatory capital ratios depends on the relative change between available capital and
required capital. See &#147;Impact of Foreign Exchange Rates&#148; above. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>The Company&#146;s hedging strategies will not fully
reduce the market risks related to the product guarantees and fees being hedged, hedging costs may increase and the hedging strategies expose the Company to additional risks. </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The Company&#146;s market risk hedging strategies include a variable annuity guarantee dynamic hedging strategy and a macro equity risk hedging strategy. The variable annuity dynamic hedging strategy is designed to
hedge the sensitivity of variable annuity guarantee policy liabilities to fund performance (both public equity and bond funds) and interest rate movements. The macro equity risk hedging strategy is designed to hedge a portion of our earnings
sensitivity to public equity market movements arising from variable annuity guarantees not dynamically hedged, directly held exposures, and from other products and fees. Some of the limitations and risks associated with each strategy are described
below. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our hedging strategies rely on the execution of derivative transactions in a timely manner. Therefore, hedging costs and the effectiveness of the strategy may be negatively impacted if markets for these instruments
become illiquid. The Company is subject to the risk of increased funding and collateral demands which may become significant as equity markets increase. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:9pt">The Company is also subject to counterparty risks arising from the derivative instruments and to the risk of increased
funding and collateral demands which may become significant as equity markets and interest rates increase. The strategies are highly dependent on complex systems and mathematical models that are subject to error and rely on forward-looking long-term
assumptions that may prove inaccurate, and which rely on sophisticated infrastructure and personnel which may fail or be unavailable at critical times. Due to the complexity of the strategies there may be additional, unidentified risks that may
negatively impact our business </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>87</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


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<TD WIDTH="1%">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:9pt">
and future financial results. In addition, rising equity markets and interest rates that would otherwise result in profits on variable annuities will be offset by losses from our hedging
positions. For further information pertaining to counterparty risks, refer to the risk factor &#147;If a counterparty fails to fulfill its obligations we may be exposed to risks we had sought to mitigate&#148;. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Under certain market conditions, which include a sustained increase in realized equity and interest rate volatilities, a decline in interest rates, or an increase in the correlation between equity returns and interest
rate declines, the costs of hedging the benefit guarantees provided in variable annuities may increase or become uneconomic. In addition, there can be no assurance that our dynamic hedging strategy will fully offset the risks arising from the
variable annuities being hedged. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Policy liabilities and regulatory required capital for variable annuity guarantees are determined using long-term forward-looking estimates of volatilities. These long-term forward-looking volatilities assumed for
policy liabilities and required capital meet the CIA and OSFI calibration standards. To the extent that realized equity or interest rate volatilities in any quarter exceed the assumed long-term volatilities, or correlations between interest rate
changes and equity returns are higher, there is a risk that rebalancing will be greater and more frequent, resulting in higher hedging costs. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The level of guarantee claims returns or other benefits ultimately paid will be impacted by policyholder longevity and policyholder activity including the timing and amount of withdrawals, lapses, fund transfers and
contributions. The sensitivity of liability values to equity market and interest rate movements that we hedge are based on long-term expectations for longevity and policyholder activity, since the impact of actual longevity and policyholder
experience variances cannot be hedged using capital markets instruments. There is a risk that we may be unable to effectively or economically hedge products which provide for guarantee claims, returns or other benefits. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Changes in market interest rates may impact our net income attributed to shareholders and capital ratios. </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">A prolonged low interest rate environment may result in charges related to lower fixed income reinvestment assumptions and an increase in new business strain until products are repositioned for the lower rate
environment. Other potential consequences of low interest rates include: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></SUP>&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Low interest rates could negatively impact sales; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></SUP>&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Lower risk-free rates tend to increase the cost of hedging, and as a result the offering of guarantees could become uneconomic; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></SUP>&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The reinvestment of cash flows into low yielding bonds could result in lower future earnings on surplus; </TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></SUP>&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">A lower interest rate environment could be correlated with other macro-economic factors including unfavourable economic growth and lower returns on other asset classes; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></SUP>&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Lower interest rates could contribute to potential impairments of goodwill; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></SUP>&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Lower interest rates could lead to lower mean bond parameters used for the stochastic valuation of segregated fund guarantees, resulting in higher policy liabilities; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></SUP>&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Lower interest rates would also reduce expected earnings on in-force policies, which would reduce core earnings, lower net income attributed to shareholders and may increase new business strain until products are
repositioned for the lower rate environment; </TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></SUP>&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">A prolonged low interest environment may also result in the Actuarial Standard Board lowering the promulgated Ultimate Reinvestment Rate (&#147;URR&#148;) and require us to increase our provisions; </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></SUP>&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The difference between the current investable returns and the returns used in pricing new business are generally capitalized when new business is written. Lower interest rates result in higher new business strain until
products are re-priced or interest rates increase; and </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></SUP>&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Fixed income reinvestment rates other than the URR are based on current market rates. The net income sensitivity to changes in current rates is outlined in the section &#147;Interest Rate and Spread Risk Sensitivities
and Exposure Measures&#148; above. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">A rapid rise in interest rates may also result in losses attributable to early liquidation of fixed income instruments supporting contractual surrender benefits if customers surrender to take advantage of higher
interest rates on offer elsewhere. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>AFS investments are recorded at fair value, but losses arising on those investments may not
have been recorded in income. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Some of our investments are classified as AFS. AFS debt securities are recorded at fair value, but unrealized gains and losses are recorded in a separate component of equity and are not charged to net income attributed
to shareholders. Unrealized gains are recorded in net income attributed to shareholders when the related asset is sold. Unrealized losses are recorded in net income attributed to shareholders either when the related asset is sold or when the related
asset is considered impaired and the impairment is not considered to be temporary. Should market levels decline, impairments may be judged to be other than temporary and part or all of any unrealized losses may be charged against future income as a
result. </TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our valuation of certain financial instruments may include methodologies, estimations and assumptions which are subjective in nature. Changes to investment valuations may arise in the future which materially adversely
affect our results of operations and financial condition. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The fair value for certain of our investments that are not actively traded is determined using models and other valuation techniques. These values therefore incorporate considerable judgment and involve making estimates
including those related to the timing and amounts of expected future cash flows and the credit standing of the issuer or counterparty. The use of different methodologies and assumptions may have a material effect on the estimated fair value amounts.
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:9pt">Significant market disruption could result in rapidly widening credit spreads and illiquidity, volatile markets and for some
instruments significantly reduced trading activity. It has been, and may continue to be difficult to value certain of our securities if </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>88</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

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trading is less active and/or market data is harder to observe. Consequently, valuations may include inputs and assumptions that are less observable or require greater estimation thereby
resulting in values which may differ materially from the value at which the investments may be ultimately sold. Further, rapidly changing credit and equity market conditions could materially impact the valuation of securities as reported within our
Consolidated Financial Statements and the period-to-period changes in value could vary significantly. Decreases in value that become recognizable in future periods could have a material adverse effect on our results of operations and financial
condition. </P></TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Liquidity Risk Factors </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Manulife is exposed to liquidity risk in each of our operating companies and in our holding company. In the operating companies, expected cash and collateral demands
arise day-to-day to fund anticipated policyholder benefits, withdrawals of customer deposit balances, reinsurance settlements, derivative instrument settlements/collateral pledging, expenses, investment and hedging activities. Under stressed
conditions, unexpected cash and collateral demands could arise primarily from a change in the level of policyholders either terminating policies with large cash surrender values or not renewing them when they mature, withdrawals of customer deposit
balances, borrowers renewing or extending their loans when they mature, derivative settlements or collateral demands, and reinsurance settlements or collateral demands. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Adverse capital and credit market conditions may significantly affect our liquidity risk. </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Reduced asset liquidity may restrict our ability to sell certain types of assets for cash without taking significant losses. If providers of credit preserve their capital, our access to borrowing from banks and others
or access to other types of credit such as letters of credit, may be reduced. If investors have a negative perception of our creditworthiness, this may reduce access to wholesale borrowing in the debt capital markets, or increase borrowing costs.
Should large and unexpected cash outflows occur, exceeding our worst-case stress testing, we may be forced to sell assets at a loss or raise additional funds at significant cost in order to meet our liquidity needs. </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">We are dependent on cash flow from operations, a pool of highly liquid money market securities and holdings of sovereign bonds, near-sovereign bonds and other liquid marketable securities to provide liquidity. We need
liquidity to meet our payment obligations including those related to insurance and annuity benefits, cashable liabilities, our operating expenses, interest on our debt, dividends on our equity capital, and to replace maturing and certain callable
liabilities. </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">Liquid assets are also required to pledge as collateral to support activities such as the use of derivatives for hedging purposes and to cover cash settlement associated with such derivatives. Dodd-Frank has increased
the number of derivatives transactions that must be cleared through regulated clearinghouses, and has therefore increased our liquidity risk (as such cleared derivatives are subject to both initial margin and variation margin requirements, and a
more restrictive set of eligible collateral than non-cleared derivatives). In addition, new variation margin rules for non-cleared derivatives (including eligible collateral restrictions) have further increased our liquidity risk. The principal
sources of our liquidity are cash and our assets that are readily convertible into cash, including insurance and annuity premiums, fee income earned on AUM, money market securities, and cash flow from our investment portfolio. The issuance of
long-term debt, common and preferred shares and other capital securities may also increase our available liquid assets or be required to replace certain maturing or callable liabilities. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">In the event we seek additional financing, the availability and terms of such financing will depend on a variety of factors including market conditions, the availability of credit to the financial services industry, our
credit ratings and credit capacity, as well as the possibility that customers, lenders or investors could develop a negative perception of our long-term or short-term financial prospects if we incur large financial losses or if the level of our
business activity decreases further due to a significant market downturn. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>We are exposed to re-pricing risk on letters of
credit. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">In the normal course of business, third-party banks issue letters of credit on our behalf. In lieu of posting collateral, our businesses utilize letters of credit for which third parties are the beneficiaries, as well
as for affiliate reinsurance transactions between subsidiaries of MFC. Letters of credit and letters of credit facilities must be renewed periodically. At time of renewal, the Company is exposed to re-pricing risk and under adverse conditions
increases in costs may be realized. In the most extreme scenarios, letters of credit capacity could become constrained due to non-renewals which would restrict our flexibility to manage capital. This could negatively impact our ability to meet local
capital requirements or our sales of products in jurisdictions in which our operating companies have been affected. As at December&nbsp;31, 2017, letters of credit for which third parties are beneficiary, in the amount of $77 million, were
outstanding. There were no assets pledged against these outstanding letters of credit as at December&nbsp;31, 2017. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Our
obligations to pledge collateral or make payments related to declines in value of specified assets may adversely affect our liquidity. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">In the normal course of business, we are obligated to pledge assets to comply with jurisdictional regulatory and other requirements including collateral pledged in relation to derivative contracts and assets held as
collateral for repurchase funding agreements. The amount of collateral we may be required to post under these agreements, and the amount of payments we are required to make to our counterparties, may increase under certain circumstances, including a
sustained or continued decline in the value of our derivative contracts. Such additional collateral requirements and payments could have an adverse effect on our liquidity. As at December&nbsp;31, 2017, total pledged assets were $4,633 million,
compared with $6,182 million in 2016. </TD></TR></TABLE>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>89</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Our banking subsidiary relies on confidence sensitive deposits and this increases our
liquidity risk. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Manulife Bank is a wholly-owned subsidiary of our Canadian life insurance operating company, MLI. The Bank is principally funded by retail deposits. A real or perceived problem with the Bank or its parent companies
could result in a loss of confidence in the Bank&#146;s ability to meet its obligations, which in turn may trigger a significant withdrawal of deposit funds. A substantial portion of the Bank&#146;s deposits are demand deposits that can be withdrawn
at any time, while the majority of the Bank&#146;s assets are first residential mortgages in the form of home equity lines of credit, which represent long-term funding obligations. If deposit withdrawal speeds exceed our extreme stress test
assumptions the Bank may be forced to sell assets at a loss to third parties, call the home equity lines of credit or the Bank may request support from MLI. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As a holding company, MFC depends on the ability of its subsidiaries to transfer funds to it to meet MFC&#146;s obligations and pay dividends.
</B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">MFC is a holding company and relies on dividends and interest payments from our insurance and other subsidiaries as the principal source of cash flow to meet MFC&#146;s obligations and pay dividends. As a result,
MFC&#146;s cash flows and ability to service its obligations are dependent upon the earnings of its subsidiaries and the distribution of those earnings and other funds by its subsidiaries to MFC. Substantially all of MFC&#146;s business is currently
conducted through its subsidiaries. In addition, OSFI is considering capital requirements for MLI on a stand-alone basis that could further restrict dividends and other distributions to MFC. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The ability of our holding company to fund its cash requirements depends upon it receiving dividends, distributions and other payments from our operating subsidiaries. The ability of MFC&#146;s insurance subsidiaries to
pay dividends to MFC in the future will depend on their earnings and regulatory restrictions. These subsidiaries are subject to a variety of insurance and other laws and regulations that vary by jurisdiction and are intended to protect policyholders
and beneficiaries in that jurisdiction first and foremost, rather than investors. These subsidiaries are generally required to maintain solvency and capital standards as set by their local regulators and may also be subject to other regulatory
restrictions, all of which may limit the ability of subsidiary companies to pay dividends or make distributions to MFC. Such limits could have a material adverse effect on MFC&#146;s liquidity, including its ability to pay dividends to shareholders
and service its debt. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The potential changes to regulatory capital and actuarial and accounting standards could also limit the ability of the insurance subsidiaries to pay dividends or make distributions and could have a material adverse
effect on MFC&#146;s liquidity and on internal capital mobility, including on MFC&#146;s ability to pay dividends to shareholders and service its debt. We may be required to raise additional capital, which could be dilutive to existing shareholders,
or to limit the new business we write, or to pursue actions that would support capital needs but adversely impact our subsequent earnings potential. In addition, the timing and outcome of these initiatives could have a significantly adverse impact
on our competitive position relative to that of other Canadian and international financial institutions with which we compete for business and capital. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The payment of dividends to MFC by MLI is subject to restrictions set out in the ICA. The ICA prohibits the declaration or payment of any dividend on shares of an insurance company if there are reasonable grounds for
believing: (i)&nbsp;the company does not have adequate capital and adequate and appropriate forms of liquidity; or (ii)&nbsp;the declaration or the payment of the dividend would cause the company to be in contravention of any regulation made under
the ICA respecting the maintenance of adequate capital and adequate and appropriate forms of liquidity, or of any direction made to the company by the Superintendent. All of our U.S. and Asian operating life insurance companies are subsidiaries of
MLI. Accordingly, a restriction on dividends from MLI would restrict MFC&#146;s ability to obtain dividends from its U.S. and Asian businesses. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Certain of MFC&#146;s U.S. insurance subsidiaries also are subject to insurance laws in Michigan, New York and Massachusetts, the jurisdictions in which these subsidiaries are domiciled, which impose general limitations
on the payment of dividends and other upstream distributions by these subsidiaries to MLI. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our Asian insurance subsidiaries are also subject to restrictions in the jurisdictions in which these subsidiaries are domiciled which could affect their ability to pay dividends to MLI in certain circumstances.
</TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The Company seeks to maintain capital in its insurance subsidiaries in excess of the minimum required in all jurisdictions in which the Company does business. The minimum requirements in each jurisdiction may increase
due to regulatory changes and we may decide to maintain additional capital in our operating subsidiaries to fund expected growth of the business or to deal with changes in the risk profile of such subsidiaries. Any such increases in the level of
capital may reduce the ability of the operating companies to pay dividends and have a material adverse effect on MFC&#146;s liquidity. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT
 COLOR="#1f320c"><B>The declaration and payment of dividends and the amount thereof is subject to change. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The holders of common shares are entitled to receive dividends as and when declared by the Board of Directors of MFC, subject to the preference of the holders of Class&nbsp;A Shares, Class 1 Shares, Class B Shares
(collectively, the &#147;Preferred Shares&#148;) and any other shares ranking senior to the common shares with respect to priority in payment of dividends. The declaration and payment of dividends and the amount thereof is subject to the discretion
of the Board of Directors of MFC and is dependent upon the results of operations, financial condition, cash requirements and future prospects of, and regulatory and contractual restrictions on the payment of dividends by MFC and other factors deemed
relevant by the Board of Directors of MFC. Although MFC has historically declared quarterly cash dividends on the common shares, MFC is not required to do so and the Board of Directors of MFC may reduce, defer or eliminate MFC&#146;s common share
dividend in the future. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The foregoing risk disclosure in respect of the declaration and payment of dividends on the common shares applies equally in respect of the declaration and payment of dividends on the Preferred Shares, notwithstanding
that the Preferred Shares have a fixed rate of dividend. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">See &#147;Government Regulation&#148; and &#147;Dividends&#148; in MFC&#146;s Annual Information Form dated February&nbsp;7, 2018 for a summary of additional statutory and contractual restrictions concerning the
declaration of dividends by MFC. </TD></TR></TABLE>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>90</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Credit Risk Factors </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Worsening regional and global economic conditions or the rise in interest rates could result in borrower or counterparty defaults or downgrades, and could lead to
increased provisions or impairments related to our general fund invested assets and off-balance sheet derivative financial instruments, and an increase in provisions for future credit impairments to be included in our policy liabilities. Any of our
reinsurance providers being unable or unwilling to fulfill their contractual obligations related to the liabilities we cede to them could lead to an increase in policy liabilities. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Our invested assets primarily include investment grade bonds, private placements, commercial mortgages, asset-backed securities, and consumer loans. These assets are
generally carried at fair value, but changes in value that arise from a credit-related impairment are recorded as a charge against income. The return assumptions incorporated in actuarial liabilities include an expected level of future asset
impairments. There is a risk that actual impairments will exceed the assumed level of impairments in the future and earnings could be adversely impacted. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Defaults
and downgrade charges on our invested assets were generally in line with our historical average in 2017; however, we still expect volatility on a quarterly basis and losses could potentially rise above long-term expected levels. Net impaired fixed
income assets were $173 million, representing 0.05% of total general fund invested assets as at December&nbsp;31, 2017, compared with $224 million, representing 0.07% of total general fund invested assets as at December&nbsp;31, 2016. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>If a counterparty fails to fulfill its obligations we may be exposed to risks we had sought to mitigate. </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The Company uses derivative financial instruments to mitigate exposures to public equity, foreign currency, interest rate and other market risks arising from on-balance sheet financial instruments, guarantees related to
variable annuity products, selected anticipated transactions and certain other guarantees. The Company may be exposed to counterparty risk if a counterparty fails to pay amounts owed to us or otherwise perform its obligations to us. Counterparty
risk increases during economic downturns because the probability of default increases for most counterparties. If any of these counterparties default, we may not be able to recover the amounts due from that counterparty. As at December&nbsp;31,
2017, the largest single counterparty exposure without taking into account the impact of master netting agreements or the benefit of collateral held, was $2,629 million (2016 &#150; $3,891 million). The net exposure to this counterparty, after
taking into account master netting agreements and the fair value of collateral held, was $nil (2016 &#150; $nil). As at December&nbsp;31, 2017, the total maximum credit exposure related to derivatives across all counterparties, without taking into
account the impact of master netting agreements and the benefit of collateral held, was $16,204 million (2016 &#150; $24,603 million) compared with $95 million after taking into account master netting agreements and the benefit of fair value of
collateral held (2016 &#150; $190 million). The exposure to any counterparty would grow if, upon the counterparty&#146;s default, markets moved such that our derivatives with that counterparty gain in value. Until we are able to replace that
derivative with another counterparty, the gain on the derivatives subsequent to the counterparty&#146;s default would not be backed by collateral. The Company reinsures a portion of the business we enter into; however, we remain legally liable for
contracts that we had reinsured. In the event that any of our reinsurance providers were unable or unwilling to fulfill their contractual obligations related to the liabilities we cede to them, we would need to increase actuarial reserves, adversely
impacting our net income attributed to shareholders and capital position. In addition, the Company has over time sold certain blocks of business to third-party purchasers using reinsurance. To the extent that the reinsured contracts are not
subsequently novated to the purchasers, we remain legally liable to the insureds. Should the purchasers be unable or unwilling to fulfill their contractual obligations under the reinsurance agreement, we would need to increase policy liabilities
resulting in a charge to net income attributed to shareholders. To reduce credit risk, the Company may require purchasers to provide collateral for their reinsurance liabilities. </TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We participate in a securities lending program whereby blocks of securities are loaned to third parties, primarily major brokerage firms and commercial banks. Collateral, which exceeds the market value of the loaned
securities, is retained by the Company until the underlying security has been returned. If any of our securities lending counterparties default and the value of the collateral is insufficient, we would incur losses. As at December&nbsp;31, 2017, the
Company had loaned securities (which are included in invested assets) valued at approximately $1,563 million, compared with $1,956 million at December&nbsp;31, 2016. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>The determination of allowances and impairments on our investments is subjective and changes could materially impact our results of operations or
financial position. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The determination of allowances and impairments is based upon a periodic evaluation of known and inherent risks associated with the respective security. Management considers a wide range of factors about the security
and uses its best judgment in evaluating the cause of the decline, in estimating the appropriate value for the security and in assessing the prospects for near-term recovery. Inherent in management&#146;s evaluation of the security are assumptions
and estimates about the operations of the issuer and its future earnings potential. Considerations in the impairment evaluation process include: (i)&nbsp;the severity of the impairment; (ii)&nbsp;the length of time and the extent to which the market
value of a security has been below its carrying value; (iii)&nbsp;the financial condition of the issuer; (iv)&nbsp;the potential for impairments in an entire industry sector or sub-sector; (v)&nbsp;the potential for impairments in certain
economically depressed geographic locations; (vi)&nbsp;the potential for impairments of securities where the issuer, series of issuers or industry has suffered a catastrophic type of loss or has exhausted natural resources; (vii)&nbsp;our ability
and intent to hold the security for a period of time sufficient to allow for the recovery of its value to an amount equal to or greater than cost or amortized cost; (viii)&nbsp;unfavourable changes in forecasted cash flows on mortgage-backed and
asset-backed securities; and (ix)&nbsp;other subjective factors, including concentrations and information obtained from regulators and rating agencies. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:9pt">Such evaluations and assessments are revised as conditions change and new information becomes available. We update our
evaluations regularly and reflect changes in allowances and impairments as such evaluations warrant. The evaluations are inherently subjective, and incorporate only those risk factors known to us at the time the evaluation is made. There can be no
assurance that </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>91</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:9pt">
management has accurately assessed the level of impairments that have occurred. Additional impairments will likely need to be taken or allowances provided for in the future as conditions evolve.
Historical trends may not be indicative of future impairments or allowances. </P></TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Insurance Risk Factors </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We make a variety of assumptions related to the future level of claims, policyholder behaviour, expenses, reinsurance costs and sales levels when we design and price
products, and when we establish policy liabilities. Assumptions for future claims are generally based on both Company and industry experience, and assumptions for future policyholder behaviour and expenses are generally based on Company experience.
Assumptions for future policyholder behaviour include assumptions related to the retention rates for insurance and wealth products. Assumptions for expenses include assumptions related to future maintenance expense levels and volume of the business.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Losses may result should actual experience be materially different than that assumed in the valuation of policy liabilities. </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Such losses could have a significant adverse effect on our results of operations and financial condition. In addition, we periodically review the assumptions we make in determining our policy liabilities and the review
may result in an increase in policy liabilities and a decrease in net income attributed to shareholders. Such assumptions require significant professional judgment, and actual experience may be materially different than the assumptions we make. (See
&#147;Critical Accounting and Actuarial Policies&#148; above.) </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>We may be unable to implement necessary price increases on our
in-force businesses, or may face delays in implementation. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We continue to seek state regulatory approvals for price increases on existing long-term care business in the United States. We cannot be certain whether or when each approval will be granted. For some in-force business
regulatory approval for price increases may not be required. However, regulators or policyholders may nonetheless seek to challenge our authority to implement such increases. Our policy liabilities reflect our estimates of the impact of these price
increases, but should we be less successful than anticipated in obtaining them, then policy liabilities could increase accordingly and reduce net income attributed to shareholders. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Evolving legislation related to genetic testing could adversely impact our underwriting abilities. </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Current or future legislation in jurisdictions where Manulife operates may restrict its right to underwrite based on access to genetic test results. Without the obligation of disclosure, the asymmetry of information
shared between applicant and insurer could increase anti-selection in both new business and in-force policyholder behaviour. The impact of restricting insurers&#146; access to this information and the associated problems of anti-selection becomes
more acute where genetic technology leads to advancements in diagnosis of life threatening conditions that are not matched by improvements in treatment. We cannot predict the potential financial impact that this would have on the Company or the
industry as a whole. In addition, there may be further unforeseen implications as genetic testing continues to evolve and becomes more established in mainstream medical practice. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Life and health insurance claims may be impacted unexpectedly by changes in the prevalence of diseases or illnesses, medical and technology
advances, widespread lifestyle changes, natural disasters, large-scale man-made disasters and acts of terrorism. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The cost of health insurance benefits may be impacted by unforeseen trends in the incidence, termination and severity rates of claims. The ultimate level of lifetime benefits paid to policyholders may be increased by an
unexpected increase in life expectancy. For example, advances in technology could lead to longer lives through better medical treatment or better disease prevention. Policyholder behaviour including premium payment patterns, policy renewals, lapse
rates and withdrawal and surrender activity are influenced by many factors including market and general economic conditions, and the availability and relative attractiveness of other products in the marketplace. For example, a weak or declining
economic environment could increase the value of guarantees associated with variable annuities or other embedded guarantees and contribute to adverse policyholder behaviour experience, or a rapid rise in interest rates could increase the
attractiveness of alternatives for customers holding products that offer contractual surrender benefits that are not market value adjusted, which could also contribute to adverse policyholder behaviour experience. As well, adverse claims experience
could result from systematic anti-selection, which could arise from the development of investor owned and secondary markets for life insurance policies, anti-selective lapse behaviour, underwriting process failures, anti-selective policyholder
behaviour due to greater consumer accessibility to home-based medical screening, or other factors. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>External market conditions
determine the availability, terms and cost of reinsurance protection. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We purchase reinsurance protection on certain risks underwritten by our various business segments. Typically, reinsurance agreements are intended to bind the reinsurer for the term of the business reinsured at a fixed
price but circumstances may call for increases to be agreed upon. Accordingly, we may incur additional costs for reinsurance or may not be able to obtain sufficient reinsurance on acceptable terms. This could result in accounting charges and the
assumption of more risk on business already reinsured and could adversely affect our ability to write future business or result in the assumption of more risk with respect to those policies we issue. </TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Operational Risk Factors </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Operational risk is
naturally present in all of our business activities and encompasses a broad range of risks, including regulatory compliance failures, legal disputes, technology failures, business interruption, information security and privacy breaches, human
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>92</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

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resource management failures, processing errors, modelling errors, business integration, theft and fraud, and damage to physical assets. Exposures can take the form of financial losses,
regulatory sanctions, loss of competitive positioning, or damage to our reputation. Operational risk is also embedded in all the practices we use to manage other risks; therefore, if not managed effectively, operational risk can impact our ability
to manage other key risks such as credit risk, market risk, liquidity risk and insurance risk. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Adverse publicity, litigation or regulatory
action resulting from our business practices or actions by our employees, representatives and/or business partners, could erode our corporate image and damage our franchise value and/or create losses. </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Manulife&#146;s reputation is one of its most valuable assets. Harm to a company&#146;s reputation is often a consequence of risk control failure, whether associated with complex financial transactions or relatively
routine operational activities. Manulife&#146;s reputation could also be harmed by the actions of third parties with whom we do business. Our representatives include affiliated broker-dealers, agents, wholesalers and independent distributors, such
as broker-dealers and banks, whose services and representations our customers rely on. Business partners include, among others, third parties to whom we outsource certain functions and that we rely on to fulfill various obligations.
</TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">If any of these representatives or business partners fail to adequately perform their responsibilities, or monitor its own risk, these failures could affect our business reputation and operations. While we seek to
maintain adequate internal risk management policies and procedures and protect against performance failures, events may occur that could cause us to lose customers or suffer legal or regulatory sanctions, which could have a material adverse effect
on our reputation, our business, and our results of operations. For further discussion of government regulation and legal proceedings refer to &#147;Government Regulation&#148; in MFC&#146;s Annual Information Form dated February&nbsp;7, 2018 and
&#147;Legal and Regulatory Proceedings&#148; below. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>If we are not able to attract, motivate and retain agency leaders and
individual agents, our competitive position, growth and profitability will suffer. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We must attract and retain sales representatives to sell our products. Strong competition exists among financial services companies for efficient and effective sales representatives. We compete with other financial
services companies for sales representatives primarily on the basis of our financial position, brand, support services and compensation and product features. Any of these factors could change either because we change the Company or our products, or
because our competitors change theirs and we are unable or unwilling to adapt. If we are unable to attract and retain sufficient sales representatives to sell our products, our ability to compete and revenues from new sales would suffer, which could
have a material adverse effect on our business, results of operations and financial condition. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>If we are unable to complete
key projects on time, on budget, and capture planned benefits, our business strategies and plans, and operations may be impaired. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We must successfully deliver a number of key projects in order to implement our business strategies and plans. If we are unable to complete these projects in accordance with planned schedules, and to capture projected
benefits, there could be a material adverse effect on our business and financial condition. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>The interconnectedness of our
operations and risk management strategies could expose us to risk if all factors are not appropriately considered and communicated. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our business operations, including strategies and operations related to risk management, asset liability management and liquidity management, are interconnected and increasingly complex. Changes in one area may have a
secondary impact in another area of our operations. For example, risk management actions, such as the increased use of interest rate swaps, could have implications for the Company&#146;s Investment Division or its Treasury function, as this strategy
could result in the need to post additional amounts of collateral. Failure to appropriately consider these inter-relationships, or effectively communicate changes in strategies or activities across our operations, could have a negative impact on the
strategic objectives or operations of another group. Further, failure to consider these inter-relationships in our modeling and financial and strategic decision-making processes could have a negative impact on our operations. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Our risk management policies, procedures and strategies may leave us exposed to unidentified or unanticipated risks, which could negatively
affect our business, results of operations and financial condition. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We have devoted significant resources to develop our risk management policies, procedures and strategies and expect to continue to do so in the future. Nonetheless, our policies, procedures and strategies may not be
comprehensive. Many of our methods for measuring and managing risk and exposures are based upon the use of observed historical market behaviour or statistics based on historical models. Future behavior may be very different from past behavior,
especially if there are some fundamental changes that affect future behavior. As an example, the increased occurrence of negative interest rates can make it difficult to model future interest rates as interest rate models have been generally
developed for an environment of positive interest rates. As a result, these methods may not fully predict future exposures, which can be significantly greater than our historical measures indicate. Other risk management methods depend upon the
evaluation and/or reporting of information regarding markets, clients, client transactions, catastrophe occurrence or other matters publicly available or otherwise accessible to us. This information may not always be accurate, complete, up-to-date
or properly evaluated or reported. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>93</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>We are subject to tax audits, tax litigation or similar proceedings, and as a result we may
owe additional taxes, interest and penalties in amounts that may be material. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We are subject to income and other taxes in the jurisdictions in which we do business. In determining our provisions for income taxes and our accounting for tax-related matters in general, we are required to exercise
judgment. We regularly make estimates where the ultimate tax determination is uncertain. There can be no assurance that the final determination of any tax audit, appeal of the decision of a taxing authority, tax litigation or similar proceedings
will not be materially different from that reflected in our historical financial statements. The assessment of additional taxes, interest and penalties could be materially adverse to our current and future results of operations and financial
condition. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Our non-North American operations face political, legal, operational and other risks that could negatively affect
those operations or our results of operations and financial condition. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">A substantial portion of our revenue and net income attributed to shareholders is derived from our operations outside of North America, primarily in key Asian markets. Some of these key geographical markets are
developing and are rapidly growing countries and markets that present unique risks that we do not face, or are negligible, in our operations in Canada or the U.S. Our operations outside of North America face the risk of discriminatory regulation,
political and economic instability, market volatility and significant inflation, limited protection for, or increased costs to protect intellectual property rights, inability to protect and/or enforce contractual or legal rights, nationalization or
expropriation of assets, price controls and exchange controls or other restrictions that prevent us from transferring funds from these operations out of the countries in which they operate or converting local currencies we hold into Canadian or U.S.
dollars. Failure to manage these risks could have a significant negative impact on our operations and profitability. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We are currently planning to expand our global operations in markets where we operate and potentially in new markets. This may require considerable management time, as well as start-up expenses for market development
before any significant revenues and earnings are generated. Operations in new foreign markets may achieve low margins or may be unprofitable, and expansion in existing markets may be affected by local economic and market conditions.
</TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>We are regularly involved in litigation. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We are regularly involved in litigation, both as a plaintiff or defendant. These cases could result in an unfavourable resolution, and could have a material adverse effect on our results of operations and financial
condition. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>System failures or events that impact our facilities may disrupt business operations. </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Technology is used in virtually all aspects of our business and operations; in addition, part of our strategy involves the expansion of technology to directly serve our customers. An interruption in the service of our
technology resulting from system failure, cyber-attack, human error, natural disaster, man-made disaster, pandemic, or other unpredictable event beyond reasonable control could prevent us from effectively operating our business. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">While our facilities and operations are distributed across the globe, we can experience extreme weather, natural disasters, civil unrest, man-made disasters, power outages, pandemic, and other events which can prevent
access to, and operations within, the facilities for our employees, partners, and other parties that support our business operations. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We take measures to plan, structure and protect against routine events that may impact our operations, and maintain plans to recover from unpredictable events. An interruption to our operations may subject us to
regulatory sanctions and legal claims, lead to a loss of customers, assets and revenues, result in unauthorized disclosures of personal or confidential information, or otherwise adversely affect us from a financial, operational and reputational
perspective. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>An information security or privacy breach of our operations or of a related third party could adversely impact
our business, results of operations, financial condition, and reputation. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">It is possible that the Company may not be able to anticipate or to implement effective preventive measures against all disruptions or privacy and security breaches, especially because the techniques used change
frequently, generally increase in sophistication, often are not recognized until launched, and because cyber-attacks can originate from a wide variety of sources, including organized crime, hackers, terrorists, activists, and other external parties,
including parties sponsored by hostile foreign governments. Those parties may also attempt to fraudulently induce employees, customers, and other users of the Company&#146;s systems or third-party service providers to disclose sensitive information
in order to gain access to the Company&#146;s data or that of its customers or clients. We, our customers, regulators and other third parties have been subject to, and are likely to continue to be the target of, cyber-attacks, including computer
viruses, malicious or destructive code, phishing attacks, denial of service and other security incidents, that could result in the unauthorized release, gathering, monitoring, misuse, loss or destruction of personal, confidential, proprietary and
other information of the Company, our employees, our customers or of third parties, or otherwise materially disrupt our or our customers&#146; or other third parties&#146; network access or business operations. These attacks could adversely impact
us from a financial, operational and reputational perspective. </TD></TR></TABLE>
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<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The Company has an Information Risk Management Program, which includes information and cyber security defenses, to protect our networks and systems from attacks; however, there can be no assurance that these counter
measures will be successful in every instance in protecting our networks against advanced attacks. In addition to protection, detection and response mechanisms, the Company maintains cyber risk insurance, but this insurance may not cover all costs
associated with the financial, operational and reputational consequences of personal, confidential or proprietary information being compromised. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>94</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Competition for the best people is intense and an inability to recruit qualified individuals
may negatively impact our ability to execute on business strategies or to conduct our operations. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We compete with other insurance companies and financial institutions for qualified executives, employees and agents. We must attract and retain top talent to maintain our competitive advantage. Failure to attract and
retain the best people could adversely impact our business. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Model risk may arise from the inappropriate use or interpretation
of models or their output, or the use of deficient models, data or assumptions. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We are relying on some highly complex models for pricing, valuation and risk measurement, and for input to decision making. Consequently, the risk of inappropriate use or interpretation of our models or their output, or
the use of deficient models, could have a material adverse effect on our business. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">We are continuing to enhance our valuation models and processes across the organization. We do not expect this initiative to result in significant reserve adjustments. However, as we systematically review our models,
there could be updates to our assumptions and methodologies that result in reserve changes. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Fraud risks may arise from
incidents related to identity theft and account takeovers. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Policies and procedures are in place to prevent and detect fraud incidents; however, our existing control environment may not be able to mitigate all possible incidents, which could adversely impact our business,
results of operations, financial condition, and reputation. Policies and procedures are being reviewed to enhance our capabilities to better protect against more sophisticated fraud threats but we may nevertheless not be able to mitigate all
possible incidents. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Environmental risk may arise related to our commercial mortgage loan portfolio and owned property or from
our business operations. </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Environmental risk may originate from investment properties that are subject to natural or man-made environmental risk. Real estate assets may be owned, leased and/or managed, as well as mortgaged by Manulife and we
might enter into the chain of liability due to foreclosure ownership when in default. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Liability under environmental protection laws resulting from our commercial mortgage loan portfolio and owned property (including commercial real estate, oil and gas, timberland and farmland properties) may adversely
impact our reputation, results of operations and financial condition. Under applicable laws, contamination of a property with hazardous materials or substances may give rise to a lien on the property to secure recovery of the costs of cleanup. In
some instances, this lien has priority over the lien of an existing mortgage encumbering the property. The environmental risk may result from on-site or off-site (adjacent) due to migration of regulated pollutants or contaminates with financial or
reputational environmental risk and liability consequences by virtue of strict liability. Environmental risk could also arise from natural disasters (e.g., weather, fire, earthquake, floods, pests) or human activities (use of chemicals, pesticides)
conducted within the site or when impacted from adjacent sites. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Additionally, as lender, we may incur environmental liability (including without limitation liability for clean-up, remediation and damages incurred by third parties) similar to that of an owner or operator of the
property, if we or our agents exercise sufficient control over the operations at the property. We may also have liability as the owner and/or operator of real estate for environmental conditions or contamination that exist or occur on the property,
or affecting other property. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">In addition, failure to adequately prepare for the potential impacts of climate change may have a negative impact on our financial position or our ability to operate. Potential impacts may be direct or indirect and may
include business losses or disruption resulting from extreme weather conditions; the impact of changes in legal or regulatory framework made to address climate change; or increased mortality or morbidity resulting from environmental damage or
climate change. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Additional Risk Factors That May Affect Future Results </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" COLOR="#1f320c"><SUP STYLE="font-size:85%; vertical-align:top">&#8718;</SUP>&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Other factors that may affect future results include changes in government trade policy, monetary policy or fiscal policy; political conditions and developments in or affecting the countries in which we operate;
technological changes; public infrastructure disruptions; changes in consumer spending and saving habits; the possible impact on local, national or global economies from public health emergencies, such as an influenza pandemic, and international
conflicts and other developments including those relating to terrorist activities. Although we take steps to anticipate and minimize risks in general, unforeseen future events may have a negative impact on our business, financial condition and
results of operations. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We caution that the preceding discussion of risks that may affect future results is not exhaustive. When relying on our
forward-looking statements to make decisions with respect to our Company, investors and others should carefully consider the foregoing risks, as well as other uncertainties and potential events, and other external and Company specific risks that may
adversely affect the future business, financial condition or results of operations of our Company. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>95</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B><A NAME="mdatoc476443_14"></A>Controls and Procedures </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Disclosure Controls and Procedures </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Our
disclosure controls and procedures are designed to provide reasonable assurance that information required to be disclosed by us is recorded, processed, summarized, and reported accurately and completely and within the time periods specified under
Canadian and U.S. securities laws. Our process includes controls and procedures that are designed to ensure that information is accumulated and communicated to management, including the CEO and CFO, to allow timely decisions regarding required
disclosure. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">As of December&nbsp;31, 2017, management evaluated the effectiveness of its disclosure controls and procedures as defined under the rules adopted by the
U.S. Securities and Exchange Commission and the Canadian securities regulatory authorities. This evaluation was performed under the supervision of the Audit Committee, the CEO and CFO. Based on that evaluation, the CEO and CFO concluded that our
disclosure controls and procedures were effective as at December&nbsp;31, 2017. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">MFC&#146;s Audit Committee has reviewed this MD&amp;A and the 2017 Consolidated
Financial Statements and MFC&#146;s Board of Directors approved these reports prior to their release. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Management&#146;s Report on
Internal Control over Financial Reporting </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Management is responsible for establishing and maintaining adequate internal control over financial reporting.
The Company&#146;s internal control system was designed to provide reasonable assurance to management and the Board of Directors regarding the preparation and fair presentation of published financial statements in accordance with generally accepted
accounting principles. All internal control systems, no matter how well designed, have inherent limitations due to manual controls. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to
financial statement preparation and presentation. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Management maintains a comprehensive system of controls intended to ensure that transactions are executed in
accordance with management&#146;s authorization, assets are safeguarded, and financial records are reliable. Management also takes steps to ensure that information and communication flows are effective and to monitor performance, including
performance of internal control procedures. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Management assessed the effectiveness of the Company&#146;s internal control over financial reporting as of
December&nbsp;31, 2017 based on the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (&#147;COSO&#148;) 2013 framework in Internal Control &#150; Integrated Framework. Based on this assessment, management
believes that, as of December&nbsp;31, 2017, the Company&#146;s internal control over financial reporting is effective. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The effectiveness of the Company&#146;s
internal control over financial reporting as of December&nbsp;31, 2017 has been audited by Ernst&nbsp;&amp; Young LLP, the Company&#146;s independent registered public accounting firm that also audited the Consolidated Financial Statements of the
Company for the year ended December&nbsp;31, 2017. Their report expressed an unqualified opinion on the effectiveness of the Company&#146;s internal control over financial reporting as of December&nbsp;31, 2017. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Changes in Internal Control over Financial Reporting </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">No changes were made in our internal control over financial reporting during the year ended December&nbsp;31, 2017 that have materially affected, or are reasonably likely
to materially affect, our internal control over financial reporting. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>96</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B><A NAME="mdatoc476443_15"></A>Performance and Non-GAAP Measures </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We use a number of non-GAAP financial measures to measure overall performance and to assess each of our businesses. A financial measure is considered a non-GAAP measure
for Canadian securities law purposes if it is presented other than in accordance with generally accepted accounting principles used for the Company&#146;s audited financial statements. Non-GAAP measures include: core earnings (loss); core ROE;
diluted core earnings per common share; core earnings before income taxes, depreciation and amortization (&#147;core EBITDA&#148;); core EBITDA margin; core investment gains, constant currency basis (measures that are reported on a constant currency
basis include percentage growth in core earnings in Asia Division, sales, APE sales, gross flows, premiums and deposits, core EBITDA, core earnings in Wealth and Asset Management, new business value, and assets under management and administration);
assets under administration; premiums and deposits; assets under management and administration; assets under management; capital; embedded value; new business value; sales; APE sales; gross flows and net flows. Non-GAAP financial measures are not
defined terms under GAAP and, therefore, are unlikely to be comparable to similar terms used by other issuers. Therefore, they should not be considered in isolation or as a substitute for any other financial information prepared in accordance with
GAAP. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Core earnings (loss)</B></FONT><FONT STYLE="font-family:ARIAL"> is a non-GAAP measure which we believe aids
investors in better understanding the long-term earnings capacity and valuation of the business. Core earnings allows investors to focus on the Company&#146;s operating performance by excluding the direct impact of changes in equity markets and
interest rates, changes in actuarial methods and assumptions as well as a number of other items, outlined below, that we believe are material, but do not reflect the underlying earnings capacity of the business. For example, due to the long-term
nature of our business, the mark-to-market movements of equity markets, interest rates, foreign currency exchange rates and commodity prices from period-to-period can, and frequently do, have a substantial impact on the reported amounts of our
assets, liabilities and net income attributed to shareholders. These reported amounts are not actually realized at the time and may never be realized if the markets move in the opposite direction in a subsequent period. This makes it very difficult
for investors to evaluate how our businesses are performing from period-to-period and to compare our performance with other issuers. </FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">We believe that core
earnings better reflects the underlying earnings capacity and valuation of our business. We use core earnings as the basis for management planning and reporting and, along with net income attributed to shareholders, as a key metric used in our short
and mid-term incentive plans at the total Company and operating segment level. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">While core earnings is relevant to how we manage our business and offers a consistent
methodology, it is not insulated from macro-economic factors which can have a significant impact. See &#147;Quarterly Financial Information&#148; below for reconciliation of core earnings to net income attributed to shareholders. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Any future changes to the core earnings definition referred to below, will be disclosed. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Items included in core earnings: </B></FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">Expected earnings on in-force policies, including expected release of provisions for adverse deviation, fee income, margins on group business and spread business such as Manulife Bank and asset fund management.
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">Macro hedging costs based on expected market returns. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">New business strain and gains. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">Policyholder experience gains or losses. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top">Acquisition and operating expenses compared with expense assumptions used in the measurement of policy liabilities. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.</TD>
<TD ALIGN="left" VALIGN="top">Up to $400 million of net favourable investment-related experience reported in a single year, which are referred to as &#147;core investment gains&#148;. This means up to $100 million in the first quarter, up to $200
million on a year-to-date basis in the second quarter, up to $300 million on a year-to-date basis in the third quarter and up to $400 million on a full year basis in the fourth quarter. Any investment-related experience losses reported in a quarter
will be offset against the net year-to-date investment-related experience gains with the difference being included in core earnings subject to a maximum of the year-to-date core investment gains and a minimum of zero, which reflects our expectation
that investment-related experience will be positive through-the-business cycle. To the extent any investment-related experience losses cannot be fully offset in a quarter they will be carried forward to be offset against investment-related
experience gains in subsequent quarters in the same year, for purposes of determining core investment gains. Investment-related experience relates to fixed income investing, ALDA returns, credit experience and asset mix changes other than those
related to a strategic change. An example of a strategic asset mix change is outlined below. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></SUP>&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">This favourable and unfavourable investment-related experience is a combination of reported investment experience as well as the impact of investing activities on the measurement of our policy liabilities. We do not
attribute specific components of investment-related experience to amounts included or excluded from core earnings. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></SUP>&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The $400 million threshold represents the estimated average annualized amount of net favourable investment-related experience that the Company reasonably expects to achieve through-the-business cycle based on historical
experience. It is not a forecast of expected net favourable investment-related experience for any given fiscal year. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></SUP>&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Our average net annualized investment-related experience calculated from the introduction of core earnings in 2012 to the end of 2017 was $475 million (2012 to the end of 2016 was $456 million). </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></SUP>&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The decision announced on December&nbsp;22, 2017 to reduce the allocation to ALDA in the portfolio asset mix supporting our legacy businesses was the first strategic asset mix change since we introduced the core
earnings metric in 2012. We have refined our description of investment-related experience to note that asset mix changes other than those related to a strategic change are taken into consideration in the investment-related experience component of
core investment gains. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>97</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></SUP>&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">While historical investment return time horizons may vary in length based on underlying asset classes generally exceeding 20 years, for purposes of establishing the threshold, we look at a business cycle that is five or
more years and includes a recession. We monitor the appropriateness of the threshold as part of our annual five-year planning process and would adjust it, either to a higher or lower amount, in the future if we believed that our threshold was no
longer appropriate. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></SUP>&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Specific criteria used for evaluating a potential adjustment to the threshold may include, but are not limited to, the extent to which actual investment-related experience differs materially from actuarial assumptions
used in measuring insurance contract liabilities, material market events, material dispositions or acquisitions of assets, and regulatory or accounting changes. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">7.</TD>
<TD ALIGN="left" VALIGN="top">Earnings on surplus other than mark-to-market items. Gains on available-for-sale (&#147;AFS&#148;) equities and seed money investments are included in core earnings. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">8.</TD>
<TD ALIGN="left" VALIGN="top">Routine or non-material legal settlements. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">9.</TD>
<TD ALIGN="left" VALIGN="top">All other items not specifically excluded. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">10.</TD>
<TD ALIGN="left" VALIGN="top">Tax on the above items. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">11.</TD>
<TD ALIGN="left" VALIGN="top">All tax related items except the impact of enacted or substantively enacted income tax rate changes. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Items excluded from core earnings: </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">The direct impact of equity markets and interest rates and variable annuity guarantee liabilities includes the items listed below. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></SUP>&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The earnings impact of the difference between the net increase (decrease) in variable annuity liabilities that are dynamically hedged and the performance of the related hedge assets. Our variable annuity dynamic hedging
strategy is not designed to completely offset the sensitivity of insurance and investment contract liabilities to all risks or measurements associated with the guarantees embedded in these products for a number of reasons, including; provisions for
adverse deviation, fund performance, the portion of the interest rate risk that is not dynamically hedged, realized equity and interest rate volatilities and changes to policyholder behaviour. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></SUP>&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Gains (charges) on variable annuity guarantee liabilities not dynamically hedged. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></SUP>&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Gains (charges) on general fund equity investments supporting policy liabilities and on fee income. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></SUP>&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Gains (charges) on macro equity hedges relative to expected costs. The expected cost of macro hedges is calculated using the equity assumptions used in the valuation of insurance and investment contract liabilities.
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></SUP>&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Gains (charges) on higher (lower) fixed income reinvestment rates assumed in the valuation of insurance and investment contract liabilities. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#161;</FONT></SUP>&nbsp;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Gains (charges) on sale of AFS bonds and open derivatives not in hedging relationships in the Corporate and Other segment. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">Net favourable investment-related experience in excess of $400 million per annum or net unfavourable investment-related experience on a year-to-date basis. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">Mark-to-market gains or losses on assets held in the Corporate and Other segment other than gains on AFS equities and seed money investments in new segregated or mutual funds. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">Changes in actuarial methods and assumptions. As noted in the &#147;Critical Accounting and Actuarial Policies&#148; section above, policy liabilities for IFRS are valued in Canada under standards established by the
Actuarial Standards Board. The standards require a comprehensive review of actuarial methods and assumptions to be performed annually. The review is designed to reduce the Company&#146;s exposure to uncertainty by ensuring assumptions for both asset
related and liability related risks remain appropriate and is accomplished by monitoring experience and selecting assumptions which represent a current best estimate view of expected future experience, and margins that are appropriate for the risks
assumed. By excluding the results of the annual reviews, core earnings assists investors in evaluating our operational performance and comparing our operational performance from period to period with other global insurance companies because the
associated gain or loss is not reflective of current year performance and not reported in net income in most actuarial standards outside of Canada. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top">The impact on the measurement of policy liabilities of changes in product features or new reinsurance transactions, if material. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.</TD>
<TD ALIGN="left" VALIGN="top">Goodwill impairment charges. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">7.</TD>
<TD ALIGN="left" VALIGN="top">Gains or losses on disposition of a business. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">8.</TD>
<TD ALIGN="left" VALIGN="top">Material one-time only adjustments, including highly unusual/extraordinary and material legal settlements or other items that are material and exceptional in nature. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">9.</TD>
<TD ALIGN="left" VALIGN="top">Tax on the above items. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">10.</TD>
<TD ALIGN="left" VALIGN="top">Impact of enacted or substantially enacted income tax rate changes. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Core return on common shareholders&#146; equity (&#147;core
ROE</B></FONT><FONT STYLE="font-family:ARIAL">&#148;<B>)</B> is a non-GAAP profitability measure that presents core earnings available to common shareholders as a percentage of the capital deployed to earn the core earnings. The Company calculates
core ROE using average common shareholders&#146; equity. </FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>98</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Diluted core earnings per common share</B></FONT><FONT
STYLE="font-family:ARIAL"> is core earnings available to common shareholders expressed per diluted weighted average common share outstanding. </FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company also
uses financial performance measures that are prepared on a <FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>constant currency basis</B></FONT><FONT STYLE="font-family:ARIAL">, which are non-GAAP measures that exclude the impact of currency
fluctuations (from local currency to Canadian dollars at a total company level and from local currency to U.S. dollars in Asia). Amounts stated on a constant currency basis in this report are calculated, as appropriate, using the income statement
and balance sheet exchange rates effective for the fourth quarter of 2017. Measures that are reported on a constant currency basis include growth in core earnings in Asia Division, sales, APE sales, gross flows, premiums and deposits, core EBITDA,
new business value and assets under management and administration. </FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Premiums and deposits</B></FONT><FONT
STYLE="font-family:ARIAL"> is a non-GAAP measure of top line growth. The Company calculates premiums and deposits as the aggregate of (i)&nbsp;general fund premiums, net of reinsurance, reported as premiums on the Consolidated Statements of Income
and investment contract deposits, (ii)&nbsp;segregated fund deposits, excluding seed money, (&#147;deposits from policyholders&#148;), (iii)&nbsp;mutual fund deposits, (iv)&nbsp;deposits into institutional advisory accounts, (v)&nbsp;premium
equivalents for &#147;administration services only&#148; group benefit contracts (&#147;ASO premium equivalents&#148;), (vi)&nbsp;premiums in the Canadian Group Benefits reinsurance ceded agreement, and (vii)&nbsp;other deposits in other managed
funds. </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Premiums and deposits </B></FONT></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>Quarterly Results</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #1f320c"><B>Full Year Results</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">($ millions)</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>4Q17</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">4Q16</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="2" VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net premium income and investment contract deposits</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6,966</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">7,019</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>28,328</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">27,795</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Deposits from policyholders</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>7,717</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,620</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>32,205</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30,504</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Mutual fund deposits</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>20,938</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,349</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>79,972</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">72,587</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Institutional advisory account deposits</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5,564</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,168</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>16,980</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,733</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">ASO premium equivalents</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>892</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">833</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,496</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,318</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Group Benefits ceded premiums</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,095</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,095</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,283</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4,693</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other fund deposits</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>135</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">143</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>498</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">536</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total premiums and deposits</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>43,307</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48,227</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>165,762</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">160,166</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Currency impact</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(1,649</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(2,379</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(5,279</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Constant currency premiums and deposits</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;43,307</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;46,578</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;163,383</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;154,887</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Assets under management and administration (&#147;AUMA&#148;) </B></FONT><FONT
STYLE="font-family:ARIAL">is a non-GAAP measure of the size of the Company. It is comprised of the non-GAAP measures assets under management (&#147;AUM&#148;), which includes both assets of general account and external client assets for which we
provide investment management services, and assets under administration (&#147;AUA&#148;), which includes assets for which we provide administrative services only. Assets under management and administration is a common industry metric for WAM
businesses. </FONT></P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Assets under management and administration </B></FONT></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="79%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total invested assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>334,222</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;321,869</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Segregated funds net assets</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>324,307</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">315,177</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Assets under management per financial statements</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>658,529</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">637,046</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Mutual funds</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>195,472</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">169,919</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Institutional advisory accounts (excluding segregated funds)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>91,149</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">81,304</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other funds</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>7,412</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">6,353</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total assets under management</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>952,562</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">894,622</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other assets under administration</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>87,929</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">82,433</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Currency impact</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(39,106</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Constant currency assets under management and
administration</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;1,040,491</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">937,949</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Capital</B></FONT><FONT STYLE="font-family:ARIAL"> The definition we use for capital, a
non-GAAP measure, serves as a foundation of our capital management activities at the MFC level. For regulatory reporting purposes, the numbers are further adjusted for various additions or deductions to capital as mandated by the guidelines used by
OSFI. Capital is calculated as the sum of: (i)&nbsp;total equity excluding accumulated other comprehensive income (&#147;AOCI&#148;) on cash flow hedges; and (ii)&nbsp;liabilities for preferred shares and capital instruments. </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Capital </B></FONT></P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total equity</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;42,163</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;42,823</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Adjusted for AOCI loss on cash flow hedges</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(109</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(232</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total equity excluding AOCI on cash flow hedges</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>42,272</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43,055</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Add liabilities for capital instruments</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>8,387</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">7,180</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total capital</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;50,659</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;50,235</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>99</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Core EBITDA</B></FONT><FONT STYLE="font-family:ARIAL"> is a non-GAAP
measure which Manulife uses to better understand the long-term earnings capacity and valuation of the business on a basis more comparable to how the profitability of global asset managers is generally measured. Core EBITDA presents core earnings
before the impact of interest, taxes, depreciation, and amortization. Core EBITDA excludes certain acquisition expenses related to insurance contracts in our retirement businesses which are deferred and amortized over the expected life time of the
customer relationship under the CALM. Core EBITDA was selected as a key performance indicator for WAM businesses, as EBITDA is widely used among asset management peers, and core earnings is a primary profitability metric for the Company overall.
</FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Core EBITDA margin </B></FONT><FONT STYLE="font-family:ARIAL">is a non-GAAP measure which Manulife uses to
better understand the long-term profitability of our global wealth and asset management business on a more comparable basis to how profitability of global asset managers are measured. Core EBITDA margin presents core earnings before the impact of
interest, taxes, depreciation, and amortization divided by total revenue from these businesses. Core EBITDA margin was selected as a key performance indicator for our WAM businesses, as EBITDA margin is widely used among asset management peers, and
core earnings is a primary profitability metric for the Company overall. </FONT></P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Wealth and Asset Management </B></FONT></P>
<P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>For the years ended December&nbsp;31,</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Core EBITDA</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;1,396</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">&nbsp;&nbsp;1,167</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Amortization of deferred acquisition costs and other depreciation</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(344</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(336</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Amortization of deferred sales commissions</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(99</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(103</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Core earnings before income taxes</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>953</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">728</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Core income tax (expense) recovery</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(165</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(99</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Core earnings</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;788</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&nbsp;&nbsp;629</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Embedded value (&#147;EV&#148;)</B></FONT><FONT STYLE="font-family:ARIAL"> is a measure
of the present value of shareholders&#146; interests in the expected future distributable earnings on in-force business reflected in the Consolidated Statement of Financial Position of Manulife, excluding any value associated with future new
business. EV is calculated as the sum of the adjusted net worth and the value of in-force business. The adjusted net worth is the IFRS shareholders&#146; equity adjusted for goodwill and intangibles, fair value of surplus assets, the carrying value
of debt and preferred shares, and local statutory balance sheet, regulatory reserve, and capital for Manulife&#146;s Asian business. The value of in-force business in Canada and the U.S. is the present value of expected future IFRS earnings on
in-force business less the present value of the cost of holding capital to support the in-force business under the MCCSR framework. The value of in-force business in Asia reflects local statutory earnings and capital requirements. The value of
in-force excludes Manulife&#146;s WAM, Bank and P&amp;C Reinsurance businesses. </FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>New business value
(&#147;NBV&#148;) </B></FONT><FONT STYLE="font-family:ARIAL">is the change in embedded value as a result of sales in the reporting period. NBV is calculated as the present value of shareholders&#146; interests in expected future distributable
earnings, after the cost of capital, on actual new business sold in the period using assumptions that are consistent with the assumptions used in the calculation of embedded value. NBV excludes businesses with&nbsp;immaterial insurance risks, such
as Manulife&#146;s WAM businesses and Manulife Bank and the short-term P&amp;C Reinsurance business. NBV is a useful metric to evaluate the value created by the Company&#146;s new business franchise. </FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>New business value margin</B></FONT><FONT STYLE="font-family:ARIAL"> is calculated as NBV divided by annualized premium
equivalents (&#147;APE&#148;) excluding non-controlling interests. APE is calculated as 100% of annualized first year premiums for recurring premium products, and as 10% of single premiums for single premium products. Both NBV and APE used in the
NBV margin calculation are after non-controlling interests and exclude wealth and asset management, Bank and P&amp;C Reinsurance businesses. The NBV margin is a useful metric to help understand the profitability of our new business. </FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Sales are measured according to product type: </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">For
individual insurance, sales include 100% of new annualized premiums and 10% of both excess and single premiums. For individual insurance, new annualized premiums reflect the annualized premium expected in the first year of a policy that requires
premium payments for more than one year. Single premium is the lump sum premium from the sale of a single premium product, e.g. travel insurance. Sales are reported gross before the impact of reinsurance. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">For group insurance, sales include new annualized premiums and administrative services only premium equivalents on new cases, as well as the addition of new coverages and
amendments to contracts, excluding rate increases. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">For Asia, annualized premium equivalent (&#147;APE&#148;) sales is comprised of 100% of regular premiums/deposits
and 10% of single premiums/deposits for both insurance and other wealth products. APE sales are presented for our Asia division as this metric is widely used by insurance companies in Asia. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Other Wealth sales include all new deposits into variable and fixed annuity contracts. As we discontinued sales of new Variable Annuity contracts in the U.S. in 1Q13,
subsequent deposits into existing U.S. Variable Annuity contracts are not reported as sales. Asia variable annuity deposits are included in APE sales. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Bank new
lending volumes include bank loans and mortgages authorized in the period. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>100</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

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<p Style='page-break-before:always'>
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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Gross flows</B></FONT><FONT STYLE="font-family:ARIAL"> is a new
business measure presented for WAM businesses and includes all deposits into the Company&#146;s mutual funds, college savings 529 plans, group pension/retirement savings products, private wealth and institutional asset management products. Gross
flows is a common industry metric for WAM businesses as it provides a measure of how successful the businesses are at attracting assets. </FONT></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c"><B>Net flows</B></FONT><FONT STYLE="font-family:ARIAL"> is presented for our WAM businesses and includes gross flows less redemptions for our mutual funds, college savings 529 plans, group pension/retirement
savings products, private wealth and institutional asset management products. Net flows is a common industry metric for WAM businesses as it provides a measure of how successful the businesses are at attracting and retaining assets. </FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>101</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B><A NAME="mdatoc476443_16"></A>Additional Disclosures </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Contractual Obligations </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">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. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">As at December&nbsp;31,
2017, the Company&#146;s contractual obligations and commitments are as follows: </P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="53%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Payments due by period</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Total</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">Less than<BR>1 year</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">1 to 3<BR>years</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">3 to 5<BR>years</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">After 5<BR>years</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Long-term debt<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>8,592</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>616</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,036</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>347</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6,593</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Liabilities for capital instruments<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>17,245</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>322</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>635</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>624</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>15,664</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment commitments</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>8,235</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,859</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,927</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,582</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>867</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Operating leases</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>838</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>126</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>172</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>89</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>451</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Insurance contract liabilities<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>742,054</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>9,788</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>11,236</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>17,153</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>703,877</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment contract liabilities<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>5,244</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>283</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>536</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>481</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,944</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Deposits from Bank clients</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>18,130</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>15,322</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,373</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,435</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>4,337</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>451</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,537</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,263</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>86</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total contractual obligations</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;804,675</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;29,767</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;19,452</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;23,974</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;731,482</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The contractual payments include principal, interest and distributions. The contractual payments reflect the amounts payable from January&nbsp;1, 2018 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&nbsp;31, 2017 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. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">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 &#147;Policy Liabilities&#148;). Cash flows include embedded
derivatives measured separately at fair value. </TD></TR></TABLE> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Legal and Regulatory Proceedings </B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The Company is regularly involved in legal actions, both as a defendant and as a plaintiff. The legal actions where the Company is a party ordinarily involve its
activities as a provider of insurance protection and wealth management products, relating to reinsurance, or in its capacity as an investment adviser, employer and taxpayer. Other life insurers and asset managers, operating in the jurisdictions in
which the Company does business, have been subject to a wide variety of other types of actions, some of which resulted in substantial judgments or settlements against the defendants; it is possible that the Company may become involved in similar
actions in the future. In addition, government and regulatory bodies in Canada, the United States, Asia and other jurisdictions where the Company conducts business regularly make inquiries and, from time to time, require the production of
information or conduct examinations concerning the Company&#146;s compliance with, among other things, insurance laws, securities laws, and laws governing the activities of broker-dealers. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">A class action against John Hancock Life Insurance Company (U.S.A.) (&#147;JHUSA&#148;) is pending in the U.S. District Court for the Southern District of New York in
which claims are made that JHUSA breached, and continues to breach, the contractual terms of certain universal life policies issued between approximately 1990 and 2006 by including impermissible charges in its cost of insurance (&#147;COI&#148;)
calculations. The Company believes that its COI calculations have been, and continue to be, in accordance with the terms of the policies and intends to vigorously defend this action. Briefing on class certification is scheduled to be completed in
late April. It is premature to attempt to predict any outcome or range of outcomes for this matter. A similar class action based on the same policy language in dispute in the case pending in New York had been pending in California. The parties have
agreed on the financial terms of a settlement that will settle all claims alleged in the action and are preparing final settlement documents for presentation to the supervising court for its approval. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>102</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

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<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Quarterly Financial Information </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">The following table provides summary information related to our eight most recently completed quarters: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at and for the three months ended</B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">($ millions, except per share amounts or otherwise<BR>stated)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>Dec 31,<BR>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Sept 30,<BR>2017</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Jun 30,<BR>2017</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Mar 31,<BR>2017</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Dec 31,<BR>2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Sept 30,<BR>2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Jun 30,<BR>2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">Mar 31,<BR>2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Revenue</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Premium income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Life and health insurance</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>6,000</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">6,321</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">6,040</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,994</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">6,093</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,950</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,497</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,728</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Annuities and pensions</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>943</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">922</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">934</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,056</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">908</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,247</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,209</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,000</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net premium income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,943</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,243</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,974</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,050</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,001</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,197</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,706</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,728</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment income</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>3,579</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,309</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,444</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,317</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,309</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,568</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,213</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities<SUP
STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>2,988</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,163</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,303</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">590</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(16,421</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">771</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7,922</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,862</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other revenue</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>2,737</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,544</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,872</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,593</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,637</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,921</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,794</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">2,829</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total revenue</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>16,247</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&nbsp;&nbsp;11,933</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&nbsp;&nbsp;16,593</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&nbsp;&nbsp;13,550</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&nbsp;&nbsp;(3,474</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&nbsp;&nbsp;14,457</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&nbsp;&nbsp;20,635</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&nbsp;&nbsp;21,719</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income (loss) before income taxes</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(2,123</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,269</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,618</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,737</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">(285</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,314</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">947</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,353</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Income tax (expense) recovery</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>424</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(13</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(304</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(346</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">450</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(117</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(231</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(298</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net income (loss)</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1,699</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,256</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,314</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,391</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">165</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,197</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">716</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,055</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net income (loss) attributed to shareholders</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1,606</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1,105</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1,255</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1,350</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">63</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1,117</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">704</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1,045</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Reconciliation of core earnings to net income attributed to shareholders</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Total core earnings<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1,205</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,085</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,174</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,101</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,287</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">996</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">833</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">905</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other items to reconcile net income attributed to shareholders to core earnings</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Investment-related experience in excess of amounts included in core earnings</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>18</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">138</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">280</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(340</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Direct impact of equity markets, interest rates and variable annuity guarantee liabilities</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(68</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(37</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">267</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(1,202</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">414</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(170</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">474</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Change in actuarial methods and assumptions</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(33</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(2</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(10</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(455</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Charge related to U.S. Tax Reform</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,777</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Charge related to decision to change portfolio asset mix of our legacy businesses</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(1,032</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Net impact of acquisitions and divestitures</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>(18</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(14</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(20</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(18</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(25</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(23</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(19</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">(14</TD>
<TD NOWRAP VALIGN="bottom">)&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Other items</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>99</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(22</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">(95</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">)&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Net income (loss) attributed to shareholders</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(1,606</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1,105</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1,255</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1,350</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">63</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1,117</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">704</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1,045</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Basic earnings (loss) per common share</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(0.83</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.54</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.62</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.66</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.01</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.55</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.34</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.51</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Diluted earnings (loss) per common share</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(0.83</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.54</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.61</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.66</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.01</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.55</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.34</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.51</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Segregated funds deposits</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>8,421</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">8,179</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">8,544</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">9,632</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">8,247</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">8,291</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">7,899</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">8,693</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total assets (in billions)</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>730</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">713</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">726</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">728</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">721</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">742</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">725</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">696</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Weighted average common shares (in millions)</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,980</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,978</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,977</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,976</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,974</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,973</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,972</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,972</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Diluted weighted average common shares (in millions)</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1,988</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,986</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,984</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,984</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,980</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,976</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,976</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1,976</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Dividends per common share</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>0.205</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.205</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.205</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.205</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.185</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.185</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.185</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">0.185</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>CDN$ to US$1 &#150; Statement of Financial Position</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1.2545</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1.2480</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1.2977</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1.3323</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1.3426</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1.3116</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1.3009</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">1.2970</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>CDN$ to US$1 &#150; Statement of Income</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1.2712</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1.2528</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1.3450</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1.3238</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1.3343</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1.3050</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1.2889</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">1.3724</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">For fixed income assets supporting insurance and investment contract liabilities and for equities supporting pass-through products and derivatives related to variable hedging programs, the impact of realized and
unrealized gains (losses) on the assets is largely offset in the change in insurance and investment contract liabilities. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Core earnings is a non-GAAP measure. See &#147;Performance and Non-GAAP Measures&#148; above. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL" ALIGN="right"><I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I>&nbsp;&nbsp;<FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT
STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;Manulife&nbsp;Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;
Report&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>103</B></FONT><FONT STYLE="font-family:ARIAL"> </FONT></P>

<div style ="background-color:#78846d; max-width:100%">

</div>

</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Selected Annual Financial Information </B></FONT></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>As at and for the years ended December&nbsp;31,</B></FONT></P>
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:7pt">($ millions, except per share amounts)</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>2017</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2016</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #1f320c">2015</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Revenue</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Asia Division</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>21,532</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">19,294</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">14,002</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Canadian Division</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>12,855</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,707</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,065</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">U.S. Division</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>24,437</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20,558</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,949</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Corporate and Other</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>(501</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>)&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">778</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">414</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total revenue</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>58,323</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">53,337</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">34,430</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total assets</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>&nbsp;&nbsp;729,533</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&nbsp;&nbsp;720,681</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">&nbsp;&nbsp;702,871</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Long-term financial liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Long-term debt</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>4,785</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">5,696</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1,853</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Liabilities for preferred shares and capital instruments</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>8,387</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">7,180</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">7,695</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"><B>Total financial liabilities</B></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>13,172</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">12,876</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">$</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c" ALIGN="right">9,548</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #1f320c">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Dividend per common share</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>$</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B> 0.820</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right"> 0.740</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right"> 0.665</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash dividend per Class&nbsp;A Share, Series
1<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>&#150;</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.5125</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash dividend per Class&nbsp;A Share, Series 2</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1.1625</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.1625</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.1625</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash dividend per Class&nbsp;A Share, Series 3</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1.125</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.125</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.125</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash dividend per Class 1 Share, Series 3<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.5445</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.7973</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.05</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash dividend per Class 1 Share, Series 4<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.4918</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.2431</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash dividend per Class 1 Share, Series 5</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.9728</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash dividend per Class 1 Share, Series 7</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1.096</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash dividend per Class 1 Share, Series 9</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1.0969</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash dividend per Class 1 Share, Series 11</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1.00</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash dividend per Class 1 Share, Series 13</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.95</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash dividend per Class 1 Share, Series 15</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.975</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.975</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.975</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash dividend per Class 1 Share, Series 17</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.975</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.975</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.975</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash dividend per Class 1 Share, Series 19</P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>0.95</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.9884</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash dividend per Class 1 Share, Series 21<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" ALIGN="right"><B>1.40</B></TD>
<TD NOWRAP VALIGN="bottom" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.1411</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">Cash dividend per Class 1 Share, Series 23<SUP
STYLE="font-size:85%; vertical-align:top">(4)</SUP></P></TD>
<TD VALIGN="bottom" BGCOLOR="#dde0da" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da" ALIGN="right"><B>1.298</B></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" BGCOLOR="#dde0da"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c" ALIGN="right">&#150;</TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1.00pt solid #1f320c">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">On June&nbsp;19, 2015, MFC redeemed all of its 14&nbsp;million outstanding Class&nbsp;A Shares Series 1. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">1,664,169 of 8,000,000 Series 3 Shares were converted, on a one-for-one basis, into Series 4 Shares on June&nbsp;20, 2016. 6,335,831 Series 3 Shares remain outstanding. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">On February&nbsp;25, 2016, MFC issued 16&nbsp;million of Series 21 Shares and on March&nbsp;3, 2016, MFC issued an additional 1&nbsp;million Series 21 Shares pursuant to the exercise in full by the underwriters of their
option to purchase additional Series 21 Shares. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">On November&nbsp;22, 2016, MFC issued 19&nbsp;million of Non-cumulative Rate Reset Class 1 Shares Series 23. No dividends were paid in 2016. </TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Additional Information Available </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">Additional
information relating to Manulife, including MFC&#146;s Annual Information Form, is available on the Company&#146;s website at www.manulife.com and on SEDAR at www.sedar.com. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"><FONT COLOR="#2a517f"><B>Outstanding Shares &#150; Selected Information </B></FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"><FONT COLOR="#1f320c"><B>Common Shares </B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">As at February&nbsp;2, 2018, MFC
had 1,982,433,826 common shares outstanding. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:ARIAL"><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B>104</B></FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manulife&nbsp;
Financial&nbsp;Corporation&nbsp;&nbsp;</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;2017&nbsp;Annual&nbsp;Report&nbsp;&nbsp;</FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f320c">|</FONT><FONT STYLE="font-family:ARIAL; font-size:8pt">&nbsp;&nbsp;<I>Management&#146;s&nbsp;Discussion&nbsp;and&nbsp;Analysis</I></FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f320c"><B></B></FONT><FONT
STYLE="font-family:ARIAL"> </FONT></P>

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<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>d489903dex993.htm
<DESCRIPTION>EX-99.3
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.3 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>M<SMALL>ANULIFE</SMALL> F<SMALL>INANCIAL</SMALL> C<SMALL>ORPORATION</SMALL> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Annual Information Form </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">February&nbsp;7, 2018 </P> <P STYLE="font-size:72pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Table of Contents </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="97%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>GLOSSARY</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>3</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>FINANCIAL PRESENTATION AND EXCHANGE RATE INFORMATION</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>DOCUMENTS INCORPORATED BY REFERENCE</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>4</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>CAUTION REGARDING FORWARD-LOOKING STATEMENTS</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>CORPORATE STRUCTURE</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>5</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>GENERAL DEVELOPMENT OF THE BUSINESS</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>6</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>BUSINESS OPERATIONS</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>7</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>RISK FACTORS</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>9</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>GOVERNMENT REGULATION</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>10</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>GENERAL DESCRIPTION OF CAPITAL STRUCTURE</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>17</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>DIVIDENDS</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>19</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>CONSTRAINTS ON OWNERSHIP OF SHARES</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>20</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>RATINGS</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>21</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>MARKET FOR SECURITIES</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>23</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>LEGAL PROCEEDINGS</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>26</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>DIRECTORS AND EXECUTIVE OFFICERS</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>27</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>TRANSFER AGENT AND REGISTRAR</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>30</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>INTERESTS OF EXPERTS</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>30</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>AUDIT COMMITTEE</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>30</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>PERFORMANCE AND <FONT STYLE="white-space:nowrap">NON-GAAP</FONT> MEASURES</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>32</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>ADDITIONAL INFORMATION</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>32</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>SCHEDULE 1 &#150; AUDIT COMMITTEE CHARTER</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>33</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>GLOSSARY </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In this annual information form (&#147;AIF&#148;), unless otherwise indicated or unless the context otherwise requires: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">all references to &#147;MFC&#148; and &#147;Manufacturers Life&#148; refer to Manulife Financial Corporation and The Manufacturers Life Insurance Company, respectively, not including their subsidiaries;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">MFC and its subsidiaries, including Manufacturers Life, are collectively referred to as &#147;Manulife&#148;; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">references to &#147;Company&#148;, &#147;we&#148;, &#147;us&#148; and &#147;our&#148; refer to Manulife. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
following are brief explanations of certain terms as used in this AIF. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>accepted actuarial practices </B>&#151; Canadian accepted actuarial practices
as established by the Actuarial Standards Board. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>bancassurance </B>&#151; the sale of insurance and similar products through a bank&#146;s
distribution channels. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>cash value</B> &#151; the gross value for which an <FONT STYLE="white-space:nowrap">in-force</FONT> policy can be surrendered.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>GAAP</B> &#151; Canadian generally accepted accounting principles as promulgated by CPA Canada, which for the Company is IFRS. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>general fund</B> &#151; those assets and liabilities which a life insurance company reports on its consolidated statement of financial position and for
which a life insurance company bears the investment risk. Products treated as part of the general fund include participating whole life insurance, universal life insurance, term life insurance, group life and health insurance and fixed-rate
insurance, annuity and pension products, as well as reinsurance. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>group life and health insurance</B> &#151; insurance which insures the lives of a
group of people (group life) or provides coverage for medical and dental costs, and income replacement for disabilities to a group of people (group health) under a master contract. Typically used by employers to provide coverage for their employees.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ICA </B>&#151; the <I>Insurance Companies Act </I>(Canada), as amended, including the regulations thereunder which apply to insurance companies that
are incorporated under Canadian federal law and to foreign insurance companies that operate in Canada on a branch basis. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>IFRS </B>(International
Financial Reporting Standards) &#151; as established by the International Accounting Standards Board. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><FONT STYLE="white-space:nowrap">in-force</FONT>
</B>&#151; an insurance or annuity contract which has not expired or otherwise been terminated. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Letters Patent of Conversion </B>&#151; the letters
patent issued under the ICA to effect the conversion proposal of Manufacturers Life from a mutual company to a company with common shares effective September&nbsp;23, 1999. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>MCCSR </B>(Minimum Continuing Capital and Surplus Requirements) &#151; regulatory capital requirements imposed by OSFI for Canadian federally regulated
life insurance companies. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Minister of Finance </B>&#151; the Minister of Finance (Canada) or any Minister of State who has been delegated any of the
Minister&#146;s powers, duties and functions under the ICA. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NAIC </B>(National Association of Insurance Commissioners) &#151; an association of the
chief insurance supervisory officials of each state, territory or possession of the United States. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>OSFI</B> &#151; the Office of the Superintendent of
Financial Institutions (Canada), the primary regulator of federal financial institutions and federal pension plans. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>policyholder</B> &#151; the person
who owns an insurance or annuity policy. Although the policyholder is usually the insured, in the case of group insurance the policyholder is usually the employer rather than the employee. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>reinsurance</B> &#151; the acceptance by one or more insurers, called reinsurers, of a portion of the risk underwritten by another insurer which has
directly contracted to provide the coverage. The legal rights of the policyholder are not </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
affected by the reinsurance transaction and the insurer issuing the insurance contract remains primarily liable to the policyholder for payment of policy benefits. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SEC </B>&#151; the U.S. Securities and Exchange Commission, an agency of the United States federal government that has primary responsibility for enforcing
federal securities laws and regulating the securities industry. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SEDAR </B>&#151; the System for Electronic Document Analysis and Retrieval, found at
<U>www.sedar.com</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>segregated fund</B> &#151; a fund, having its own portfolio of investments, kept separate from the general fund of a life
insurance company in connection with one or more insurance policies or annuity contracts under which the company&#146;s liability to the policyholders varies with the performance of the fund. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Superintendent</B> &#151; the Superintendent of Financial Institutions (Canada). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>third party administrator</B> &#151; a company that provides administrative support, including regulatory compliance, reporting and document processing, to
sponsors of group plans. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>universal life insurance</B> &#151; a life insurance policy in which premiums, less expense charges, are credited to a policy
account from which periodic charges for life insurance are deducted and to which interest and investment income are credited. Universal life insurance accumulates a cash value. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="ex99_3489903_2"></A>FINANCIAL PRESENTATION AND EXCHANGE RATE INFORMATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company maintains its financial books and records in Canadian dollars and presents its financial statements in accordance with IFRS as applied to life
insurance enterprises in Canada and the accounting requirements of the Superintendent. None of the accounting requirements of the Superintendent is an exception to IFRS. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Unless otherwise indicated, references in this AIF to &#147;$&#148; are to Canadian dollars.</B> Principal exchange rates used for currency conversion to
Canadian dollars for financial statements in this AIF are summarized in the following table: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>As&nbsp;at&nbsp;and&nbsp;for&nbsp;the&nbsp;year&nbsp;ended&nbsp;December&nbsp;31</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom"><FONT STYLE="font-size:10pt"><B>U.S. dollar</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2017</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Statement of financial position</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.255</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.343</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.384</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Statement of income</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.298</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.325</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1.279</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="5%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="93%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Notes:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(1)&nbsp;Rates shown are the Canadian dollar price per U.S. dollar. In accordance with IFRS, statement of financial position amounts are
converted at rates on the dates indicated therein, while statement of income amounts are converted using the average rate for each quarter. The rate of exchange disclosed above for the annual statement of income is based on the rates in each
quarter&#146;s statement of income. The annual rate is approximated as the average of the quarterly rates.</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">(2) Rates are based upon the daily rates of
exchange published by the Bank of Canada.</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We do business in various jurisdictions outside Canada. Fluctuations between the Canadian dollar and foreign currencies have
the effect of increasing or decreasing amounts presented in our financial statements. We present certain financial performance measures on a constant currency basis<SUP STYLE="font-size:85%; vertical-align:top">1</SUP> to exclude the effect of
fluctuations in these currencies versus the Canadian dollar. Amounts stated in this AIF on a constant currency basis are calculated, as appropriate, using the statement of financial position exchange rates as at December&nbsp;31, 2017 and the
statement of income exchange rates effective for the fourth quarter of 2017. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="ex99_3489903_3"></A>DOCUMENTS INCORPORATED BY
REFERENCE </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following documents are incorporated by reference in and form part of this AIF: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">MFC&#146;s Management&#146;s Discussion and Analysis for the year ended December&nbsp;31, 2017 (our &#147;2017 MD&amp;A&#148;); and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">MFC&#146;s audited annual consolidated financial statements and accompanying notes as at and for the year ended December&nbsp;31, 2017 (our &#147;2017 Consolidated Financial Statements&#148;). </TD></TR></TABLE>
<P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">This item is a <FONT STYLE="white-space:nowrap">non-GAAP</FONT> measure. See &#147;Performance and <FONT STYLE="white-space:nowrap">Non-GAAP</FONT> Measures&#148; below. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">These documents have been filed with securities regulators in Canada and with the SEC and may be accessed at
<U>www.sedar.com</U> and <U>www.sec.gov</U>, respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Any website address included in this AIF is an inactive textual reference only and information
appearing on such website is not part of, and is not incorporated by reference in, this AIF. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="ex99_3489903_4"></A>CAUTION
REGARDING FORWARD-LOOKING STATEMENTS </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">From time to time, the Company makes written and/or oral forward-looking statements, including in this document
and the documents incorporated by reference in this document. In addition, the Company&#146;s representatives may make forward-looking statements orally to analysts, investors, the media and others. All such statements are made pursuant to the
&#147;safe harbour&#148; provisions of Canadian provincial securities laws and the U.S. <I>Private Securities Litigation Reform Act of 1995</I>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
forward-looking statements in this document and the documents incorporated by reference in this document include, but are not limited to, statements with respect to the Company&#146;s possible or assumed future results set out under &#147;General
Development of the Business&#148;, &#147;Business Operations&#148; and &#147;Government Regulation&#148;, statements with respect to the expected impact of our decision to reduce the allocation to alternative long duration assets (&#147;ALDA&#148;)
in our portfolio asset mix of our legacy business and of the recently passed tax reform legislation in the United States, Manulife&#146;s expected capital position under the new Life Insurance Capital Adequacy Test (&#147;LICAT&#148;) guideline and
also relate to, among other things, our objectives, goals, strategies, intentions, plans, beliefs, expectations and estimates, and can generally be identified by the use of words such as &#147;may&#148;, &#147;will&#148;, &#147;could&#148;,
&#147;should&#148;, &#147;would&#148;, &#147;likely&#148;, &#147;suspect&#148;, &#147;outlook&#148;, &#147;expect&#148;, &#147;intend&#148;, &#147;estimate&#148;, &#147;anticipate&#148;, &#147;believe&#148;, &#147;plan&#148;, &#147;forecast&#148;,
&#147;objective&#148;, &#147;seek&#148;, &#147;aim&#148;, &#147;continue&#148;, &#147;goal&#148;, &#147;restore&#148;, &#147;embark&#148; and &#147;endeavour&#148; (or the negative thereof) and words and expressions of similar import, and include
statements concerning possible or assumed future results. Although we believe that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed
on such statements and they should not be interpreted as confirming market or analysts&#146; expectations in any way. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Certain material factors or
assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from expectations
include, but are not limited to, the factors identified under &#147;Risk Management&#148;, &#147;Risk Factors&#148; and &#147;Critical Accounting and Actuarial Policies&#148; in our 2017 MD&amp;A, in the &#147;Risk Management&#148; note to our 2017
Consolidated Financial Statements and elsewhere in MFC&#146;s filings with Canadian and U.S. securities regulators. The forward-looking statements in this document or in the documents incorporated by reference in this document are, unless otherwise
indicated, stated as of the date hereof or the date of the document incorporated by reference, as the case may be, and are presented for the purpose of assisting investors and others in understanding the Company&#146;s financial position and results
of operations, our future operations, as well as the Company&#146;s objectives and strategic priorities, and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statements, except as required by
law. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="ex99_3489903_5"></A>CORPORATE STRUCTURE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>History and Incorporation </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Manulife Financial Corporation
is a life insurance company incorporated under the ICA. MFC was incorporated under the ICA on April&nbsp;26, 1999 for the purpose of becoming the holding company of Manufacturers Life following its demutualization. Manufacturers Life was
incorporated on June&nbsp;23, 1887, by a Special Act of Parliament of the Dominion of Canada. Pursuant to the provisions of the <I>Canadian and British Insurance Companies Act</I> (Canada), the predecessor legislation to the ICA, Manufacturers Life
undertook a plan of mutualization and became a mutual life insurance company on December&nbsp;19, 1968. As a mutual life insurance company, Manufacturers Life had no common shareholders and its board of directors was elected by its participating
policyholders in accordance with the ICA. Pursuant to Letters Patent of Conversion, effective September&nbsp;23, 1999, Manufacturers Life implemented a plan of demutualization under the ICA and converted to a life insurance company with common
shares and became the wholly owned subsidiary of MFC. Following completion of MFC&#146;s merger with John Hancock Financial Services, Inc. (&#147;JHFS&#148;) on April&nbsp;28, 2004, Manufacturers Life and JHFS became sister companies. MFC owns all
of the outstanding common shares of Manufacturers Life and, following the merger with JHFS, MFC indirectly owned all of the outstanding shares of common stock of JHFS. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On December&nbsp;31, 2009, MFC consolidated its U.S. operating life insurance company subsidiaries and merged JHFS into The Manufacturers Investment
Corporation, an indirect wholly owned subsidiary of Manufacturers Life. Also on December&nbsp;31, 2009, John Hancock Life Insurance Company and John Hancock Variable Life Insurance Company, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
both Massachusetts domiciled insurers and subsidiaries of JHFS, merged into John Hancock Life Insurance Company (U.S.A.) (&#147;John Hancock USA&#148;), an indirect wholly owned subsidiary of
Manufacturers Life domiciled in Michigan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On January&nbsp;30, 2015, Manufacturers Life acquired the Canadian-based operations of Standard Life plc.<B>
</B>On July&nbsp;1, 2015, The Standard Life Assurance Company of Canada was <FONT STYLE="white-space:nowrap">wound-up</FONT> into Manufacturers Life. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">MFC&#146;s head office and registered office is located at 200 Bloor Street East, Toronto, Canada, M4W 1E5. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Intercorporate Relationships </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company conducts its
business activities through subsidiary companies in Canada, the United States, Barbados, Japan, the Philippines, Singapore, Indonesia, Taiwan, Thailand, Vietnam and Cambodia. The Company operates through branches of subsidiaries in Hong Kong, Macau,
Barbados and Bermuda. In mainland China, the Company operates through joint ventures established with local companies. In Malaysia, the Company operates through a publicly traded corporation, which is approximately 59% owned by the Company. The
Company also has asset management operations through subsidiary entities in England, Australia, New Zealand, and Brazil, as well as in certain of the other jurisdictions referred to above. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The major operating subsidiaries of MFC, including direct and indirect subsidiaries, and MFC&#146;s direct and indirect voting interest therein, are listed in
Note 21 (Subsidiaries) of our 2017 Consolidated Financial Statements. These companies are incorporated in the jurisdiction in which their head office or registered office is located. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="ex99_3489903_6"></A>GENERAL DEVELOPMENT OF THE BUSINESS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Three Year History </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In 2015, the Company closed the
previously announced transactions with Standard Life plc. and New York Life. Additionally, we announced two strategic partnerships in Asia. The first strategic partnership announced was a <FONT STYLE="white-space:nowrap">15-year</FONT> regional life
bancassurance agreement with DBS Bank Ltd (&#147;DBS&#148;). Effective January&nbsp;1, 2016, the Company became the exclusive provider of bancassurance solutions to DBS&#146;s six million retail, wealth and small and
<FONT STYLE="white-space:nowrap">medium-sized</FONT> enterprises (&#147;SME&#148;) customers in four mutually significant markets, namely Singapore, Hong Kong, Indonesia and mainland China. Under the agreement, initial payments were made by Manulife
to DBS totaling US$1.2&nbsp;billion with the final instalment made on January&nbsp;4, 2016, all of which Manulife funded from internal resources. The second strategic partnership announced was a <FONT STYLE="white-space:nowrap">15-year</FONT>
pension distribution partnership with Standard Chartered, which provides the Company the exclusive right to offer its Mandatory Provident Fund (&#147;MPF&#148;) product to Standard Chartered&#146;s customers in Hong Kong. As part of the arrangement,
the Company acquired Standard Chartered&#146;s MPF and Occupational Retirement Schemes Ordinance (&#147;ORSO&#148;) businesses. This arrangement significantly expanded the Company&#146;s pension business in Hong Kong, and strengthened its position
as the then second largest MPF provider as measured by assets under management and as the then largest MPF provider as measured by net cash flows<SUP STYLE="font-size:85%; vertical-align:top">2</SUP>. The Company also announced several smaller
bancassurance agreements in Asia. In 2015, in addition to the common shares issued for the Standard Life acquisition, the Company issued $2.1&nbsp;billion of subordinated debentures, and $2.6&nbsp;billion of preferred shares and senior and medium
term notes were redeemed or matured. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In 2016, the Company completed the previously announced Standard Chartered pension acquisition on November&nbsp;1,
2016 and commenced the related <FONT STYLE="white-space:nowrap">15-year</FONT> MPF distribution partnership. In addition, the previously announced exclusive distribution partnership with DBS was launched. The Company also announced several smaller
bancassurance agreements in Asia. In 2016, Manulife commenced its global funding strategy to diversify funding sources and broaden our investor base. Manulife raised $5.4&nbsp;billion of capital in Canada, the U.S., and various Asian markets. In
2016, $1.1&nbsp;billion of securities were redeemed or matured. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In 2017, the Company announced exclusive bancassurance agreements in Vietnam and
Cambodia. In addition, the Company received the first Investment Company Wholly Foreign-Owned Enterprise license in mainland China, and received approval to establish a trust company in the Philippines. In 2017, Manulife continued its global funding
strategy and in addition became the first life insurer to complete the issuance of a green bond. During the year, Manulife raised $2.2&nbsp;billion of capital in Canada, the U.S., and Singapore. In 2017, $1.5&nbsp;billion of securities were redeemed
or matured. </P> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Based on The Gadbury Group MPF Market Shares Report as of September 2016. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="ex99_3489903_7"></A>BUSINESS OPERATIONS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Information about our business and operating segments, our strategy, products and method of distribution, and investment activities, is included in MFC&#146;s
2017 MD&amp;A, on pages 14 to 46 inclusive. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The approximate number of employees for each of the Company&#146;s divisions and reporting segments as at
December&nbsp;31, 2017 was as set out below. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="89%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Asia Division</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Canadian Division</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">U.S. Division</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,200</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Corporate and Other</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Investment Division</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>DISTRIBUTION METHODS </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Asia Division </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In Asia, our distribution network
includes approximately 73,000 contracted agents, over 100 bank partnerships and 1,000 independent agents, financial advisors and brokers. Our bancassurance partnerships include a long-term, exclusive regional partnership with DBS in Singapore, Hong
Kong, mainland China and Indonesia, which together with seven additional exclusive partnerships gives us access to nearly 18&nbsp;million active bank customers. We also established an exclusive MPF distribution partnership with Standard Chartered
Bank to serve the retirement needs of Hong Kong. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Specifically in Hong Kong and Macau, our insurance products are marketed through the Company&#146;s
agency, bank and independent broker channels. The exclusive agency force continues to be the most significant distribution channel for the Company in the individual and group businesses. As at December&nbsp;31, 2017, the Company had over 7,700
agents in Hong Kong and Macau. In tandem with continued growth in the agency channel, the Company is also actively expanding into other distribution channels including bancassurance and brokerage. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The group pension products are primarily distributed through our exclusive agents and bank channel, along with a fund spectrum built on a multi-manager
platform, as well as our comprehensive <FONT STYLE="white-space:nowrap">e-administration</FONT> service suite. We also market our pension products in Macau through our exclusive agents located there. The Company continues to focus on growing its
wealth and asset management business by maintaining and strengthening existing distribution relationships through banks, brokers and our agency force and capitalizing on new distribution opportunities as they arise. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In Japan, product offerings are marketed through over 2,300 proprietary sales agents and over 1,000 independent agencies or managing general agents
(&#147;MGA&#148;) and bank partners. The Company uses technology to simplify the sales process and introduce innovative customer-focused solutions. The Company continues to invest in the corporate and retail insurance business through a
multi-channel distribution strategy. Corporate products are mainly sold through MGAs. A portfolio of retail product solutions is offered to meet various needs of customers across all of the Company&#146;s distribution channels. Distribution partners
for other wealth products include many of the largest national (mega banks) and regional banks, securities firms as well as proprietary sales agents and MGAs. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In Indonesia, the Philippines, Singapore, Taiwan, mainland China, Vietnam, Malaysia, Cambodia and Thailand (collectively, &#147;Asia Other Territories&#148;),
the Company distributes a broad range of insurance, wealth accumulation, and wealth and asset management products through a multi-channel distribution network. Products are marketed through approximately 63,000 exclusive agents, bank channels,
including eight exclusive partnerships, brokerage, independent financial advisors and telemarketing. In Asia Other Territories, the Company continues to invest in its professional agency force. We are also focused on diversifying our distribution
channels, strengthening bank partner relationships, improving our product competitiveness, broadening product offerings and developing our wealth and asset management businesses in order to provide solutions to address our customers&#146; needs.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Canadian Division </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In Canada, we offer a
diverse range of financial protection, wealth and asset management and banking solutions through a diversified multi-channel distribution network, meeting the needs of a broad marketplace. Retail Insurance products are distributed primarily through
independent advisors who sell our products, as well as those of other life insurance companies. A network of regional offices provides product, marketing and sales support, tax and estate planning expertise and financial planning tools to support
independent advisors across Canada. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Group Benefits products are distributed through various distribution channels, including a national network of
regional offices that serves major centres across Canada providing local services to clients and distribution partners. Effective client relationship management is key to building customer satisfaction and loyalty, and the Group Benefits
distribution model is aligned to meet this objective. Account executives work with a network of consultants, brokers and advisors who have been contracted by client companies to analyze and recommend an appropriate benefits solution and provider.
Client managers, supported by service representatives in each regional office, facilitate the implementation of new business and are responsible for ongoing relationship management. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company is a leading provider of life, living benefits, health and travel insurance to affinity organizations in Canada, including professional, alumni
and retiree associations and financial and retail institutions. Products are offered through partnerships, sponsor groups and associations, as well as <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">direct-to-customer</FONT></FONT>
marketing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our wealth and asset management solutions target customers that span the investor spectrum. Our mutual funds are sold through advisors
regulated by the Mutual Fund Dealers Association (&#147;MFDA&#148;) or the Investment Industry Regulatory Organization of Canada (&#147;IIROC&#148;). Our distribution partnerships include independent advisors, general agency brokers as well as full
service brokers with investment dealer firms. Our Group Retirement business works with a network of market sources, primarily brokers and consultants, with brokers focusing on small and <FONT STYLE="white-space:nowrap">mid-sized</FONT> enterprises
and consultants working with large client companies. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Manulife Bank of Canada (&#147;Manulife Bank&#148;) products are offered through financial advisors
supported by a broad distribution network. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>U.S. Division </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Operating under the John Hancock brand in the U.S., our product suite is distributed primarily through affiliated and
<FONT STYLE="white-space:nowrap">non-affiliated</FONT> licensed financial advisors. Our affiliated broker/dealer, Signator Investors, Inc. (&#147;Signator&#148;), is comprised of a national network of independent firms with close to 2,000 registered
representatives. We are also focused on providing digital solution capabilities to access more customers and better support our <FONT STYLE="white-space:nowrap">advisor-led</FONT> channels. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">John Hancock Insurance provides life insurance products and services to select markets through a multi-channel distribution network, including Signator and <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">direct-to-customer.</FONT></FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">John Hancock Retirement Plan Services (&#147;JH RPS&#148;)
products are marketed by sales account executives primarily to third party advisors and consultants, including those who specialize in retirement plans. JH RPS provides support to third party administrators in the form of direct data links,
training, marketing, educational programs and access to <FONT STYLE="white-space:nowrap">e-commerce</FONT> functionality. JH RPS has also established advisory councils of third party administrators, plan sponsors and advisors that provide feedback
on product development and marketing strategies. As part of its commitment to the growing broker-dealer and financial planner channels, JH RPS offers <FONT STYLE="white-space:nowrap">on-line</FONT> marketing, educational and client/broker-dealer
administrative support through its broker website. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">John Hancock Investments distributes its products primarily through financial intermediaries and
advice-driven platforms. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Investment Division </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Manulife&#146;s Investment Division, through Manulife Asset Management, provides comprehensive asset management solutions to institutional clients (such as
pension plans, foundations, endowments and financial institutions) and investment funds. We also provide investment management services to retail clients through Manulife and John Hancock product offerings. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>COMPETITION </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Asia Division </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The life insurance industry in Asia
remains competitive. Most Asian territories have concentrated markets with the top three players having over 40% market share of total premium income. As one of the few foreign insurance companies with a broad Asian footprint and scale in both the
developed insurance markets and developing insurance markets, management believes that the Company is well positioned to benefit from the potential in the region. The Company&#146;s competitive advantages include: strong focus on customer
experience, distinctive wealth and asset management capabilities enabling us to offer integrated solutions, large and growing proprietary agency force, growing distribution relationships with leading banks, and strong focus on digital customer
engagement. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Canadian Division </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Competitors
for Canadian Division vary across business line, but are primarily other large insurance companies, mutual fund and wealth management firms as well as other banks. The financial protection market remains dominated by the three large Canadian
insurance providers, while certain regional or smaller carriers focused on specialty products or niche segments are extremely competitive in some markets. The wealth and asset management market in Canada continues to be led by larger companies, with
the mutual fund market being controlled by the top ten companies based upon assets under management.<SUP STYLE="font-size:85%; vertical-align:top">3</SUP> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Key trends that are increasing competitive pressures for our Canadian operations include: (1)&nbsp;digital solutions to enhance the customer experience
(2)&nbsp;industry focus on pricing as well as fee transparency and (3)&nbsp;simplified and innovative product offerings. Our competitive advantage is our mature brand, the breadth of our product portfolio and financial strength. We are expanding and
integrating our wealth, insurance and banking solutions and leveraging the strength of our group business franchise to deliver holistic solutions, through both traditional and digital channels. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>U.S. Division </I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Competition in the U.S. varies
across product lines, but is primarily with other large insurance and wealth management firms that distribute comparable products through similar channels. With our recent entry into the <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">direct-to-customer</FONT></FONT> insurance channel and our ongoing development of a customer-facing advice platform, competition has expanded to include traditional advice providers and emerging digital advice platforms.
Competitive advantage is based on the ability to develop flexible product features to meet individual customer needs, and to develop and service a variety of distribution channels. Our competitive position is enhanced by our scale and leadership in
the markets we operate in, as well as the strength of the John Hancock brand. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>Investment Division </I></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Our competitors are made up of a disparate group of global and regional institutional asset management companies, each of whom competes with us in distinct
asset classes. MAM&#146;s key competitive differentiators include offering private and public multi-asset solutions to holistically address client needs, providing alpha-focused active management in a boutique environment, and leveraging <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">best-in-class</FONT></FONT> global capabilities and expertise. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>PUBLIC ACCOUNTABILITY
STATEMENT </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We report on the economic, environmental and social dimensions of our products and services, operations and community activities annually in
Manulife&#146;s Public Accountability Statement. The report details our commitment to social responsibility, environmental sustainability, excellence in business conduct and corporate governance. This document can be found in the Corporate
Citizenship section of the Company&#146;s website at <U>www.manulife.com/pas</U>. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="ex99_3489903_8"></A>RISK FACTORS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">An explanation of the broad categories of risks facing the Company and Manulife&#146;s risk management strategies for each category as well as a discussion of
the specific risks and uncertainties to which our business operations and financial condition are subject can be found in the sections entitled &#147;Risk Management&#148; and &#147;Risk Factors&#148;, respectively, in our 2017 MD&amp;A. </P>
<P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">3</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Source: Reporting from the Investment Funds Institute of Canada as of December 31, 2017. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As noted under &#147;Caution Regarding Forward-Looking Statements&#148;, forward-looking statements involve risks
and uncertainties and actual results may differ materially from those expressed or implied in such statements. Strategic risk, market risk, liquidity risk, credit risk, insurance risk and operational risk are the major categories of risk described
in the sections of our 2017 MD&amp;A. These risk factors should be considered in conjunction with the other information in this AIF and the documents incorporated by reference herein. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="ex99_3489903_9"></A>GOVERNMENT REGULATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As an insurance company, Manulife is subject to regulation and supervision by governmental authorities in the jurisdictions in which it does business. In
Canada, the Company is subject to both federal and provincial regulation. In the United States, the Company is primarily regulated by each of the states in which it conducts business and by federal securities laws. The Company&#146;s Asia operations
are similarly subject to a variety of regulatory and supervisory regimes in each of the Asian jurisdictions in which the Company operates, which vary in degree of regulation and supervision. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>CANADA </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Manulife is governed by the ICA. The ICA is
administered, and activities of the Company are supervised, by OSFI. The ICA permits insurance companies to offer, directly or through subsidiaries or through networking arrangements, a broad range of financial services, including banking,
investment counseling and portfolio management, mutual funds, trust services, real property brokerage and appraisal, information processing and merchant banking services. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The ICA requires the filing of annual and other reports on the financial condition of the Company, provides for periodic examinations of the Company&#146;s
affairs, imposes restrictions on transactions with related parties, and sets forth requirements governing reserves for actuarial liabilities and the safekeeping of assets and other matters. OSFI supervises Manulife on a consolidated basis (including
capital adequacy) to ensure that OSFI has an overview of the group&#146;s activities. This includes the ability to review both insurance and <FONT STYLE="white-space:nowrap">non-insurance</FONT> activities conducted by subsidiaries of Manulife with
supervisory power to bring about corrective action. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Capital Requirements </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The ICA requires Canadian insurance companies to maintain adequate levels of capital, at all times. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Capital requirements for MFC and Manufacturers Life are governed by the MCCSR, with MCCSR ratios prepared on a consolidated basis. The MCCSR ratio compares
Available Capital to Required Capital. Available Capital includes instruments such as common equity, qualifying preferred shares, qualifying innovative tier 1 instruments, the participating account, hybrid capital instruments and subordinated debt.
Certain deductions are made from Available Capital including deductions for goodwill, controlling interests in <FONT STYLE="white-space:nowrap">non-life</FONT> financial corporations and <FONT STYLE="white-space:nowrap">non-controlled</FONT>
substantial investments. Required Capital is determined by applying factors to specified risks or using models to determine capital requirements for a given risk. Capital is held for asset default risks, mortality/morbidity/lapse risks, changes in
the interest rate risk environment, segregated funds risk, off balance sheet activities and foreign exchange risk. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The minimum regulatory MCCSR ratio for
MFC and Manufacturers Life is 120%; in addition, Manufacturers Life is subject to a supervisory target ratio of 150%. OSFI may require that a higher amount of capital be available, taking into account such factors as operating experience and
diversification of asset or insurance portfolios. OSFI expects each insurance company to establish a target capital level that provides a cushion above minimum requirements. This cushion allows for coping with volatility in markets and economic
conditions, and enhances flexibility in capital management to consider aspects such as innovations in the industry, consolidation trends and international developments. MFC endeavours to manage its affairs so that Manufacturers Life has an MCCSR
ratio that is above the supervisory target. MFC also seeks to ensure that there are sufficient margins for equity market and interest rate declines and takes into account other factors that could adversely impact the capital position in the
foreseeable future. At December&nbsp;31, 2017, the MCCSR ratios for MFC and Manufacturers Life were 200% and 224%, respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">OSFI may intervene and
assume control of a Canadian life insurance company if it deems the amount of available capital insufficient. Capital requirements may be adjusted by OSFI as experience develops, the risk profile of Canadian life insurers changes, or to reflect
other risks.&nbsp;&nbsp;&nbsp;&nbsp; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">OSFI has issued the final guideline for the new LICAT regulatory capital framework, coming into effect in Canada in
the first quarter of 2018. LICAT is replacing the MCCSR framework. See the section entitled &#147;Risk Management &#150; Regulatory Updates&#148; in our 2017 MD&amp;A for further information about LICAT. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">See the section entitled &#147;Risk Factors - Our insurance businesses are heavily regulated, and changes in
regulation may reduce our profitability and limit our growth&#148; in our 2017 MD&amp;A for information about regulatory initiatives and other developments which could impact MFC&#146;s capital position. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Regulated subsidiaries of MFC must maintain minimum levels of capital, which are based on the local capital regime and the statutory accounting basis in each
jurisdiction. The Company seeks to maintain capital in excess of the minimum required, in all foreign jurisdictions in which the Company does business. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Investment Powers </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Under the ICA, Manulife must maintain
a prudent portfolio of investments and loans, subject to certain overall limitations on the amount it may invest in certain classes of investments, such as commercial loans. Additional restrictions (and in some cases, the need for regulatory
approvals) limit the type of investment that the Company can make in excess of 10% of the voting rights or 25% of the equity of any entity. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Restrictions on Shareholder Dividends and Capital Transactions </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The ICA prohibits the declaration or payment of any dividend on shares of an insurance company if there are reasonable grounds for believing an insurance
company does not have adequate capital and adequate and appropriate forms of liquidity, or declaration or the payment of the dividend would cause the insurance company to be in contravention of any regulation made under the ICA respecting the
maintenance of adequate capital and adequate and appropriate forms of liquidity, or any direction made to the company by the Superintendent. The ICA also requires an insurance company to notify the Superintendent of the declaration of a dividend at
least 15 days prior to the date fixed for its payment. Similarly, the ICA prohibits the purchase for cancellation of any shares issued by an insurance company or the redemption of any redeemable shares or other similar capital transactions, if there
are reasonable grounds for believing that the company does not have adequate capital and adequate and appropriate forms of liquidity, or the purchase or the payment would cause the company to be, in contravention of any regulation made under the ICA
respecting the maintenance of adequate capital and adequate and appropriate forms of liquidity, or any direction made to the company by the Superintendent. These latter transactions would require the prior approval of the Superintendent. There is
currently no direction against MFC or Manufacturers Life paying a dividend or redeeming or purchasing their shares for cancellation. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Appointed Actuary
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In accordance with the ICA, the Board of Directors of MFC (the &#147;Board&#148;) has appointed the Appointed Actuary who must be a Fellow of the
Canadian Institute of Actuaries. The Appointed Actuary is required to value the policy liabilities of Manulife as at the end of each financial year in accordance with accepted actuarial practices with such changes as may be determined by the
Superintendent and any direction that may be made by the Superintendent, including selection of appropriate assumptions and methods. The Appointed Actuary must make a report in the prescribed form on the valuation including providing an opinion as
to whether the consolidated financial statements fairly present the results of the valuation. At least once in each financial year, the Appointed Actuary must meet with the Board, or the Audit Committee, to report, in accordance with accepted
actuarial practice and any direction that may be made by the Superintendent, on the current and expected future financial condition of the Company. The Appointed Actuary is also required to report to the President and Chief Executive Officer and the
Chief Financial Officer of the Company if the Appointed Actuary identifies any matters that, in the Appointed Actuary&#146;s opinion, have material adverse effects on the financial condition of the Company and require rectification. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Prescribed Supervisory Information </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Supervisory
Information (Insurance Companies) Regulations made under the ICA (the &#147;Supervisory Information Regulations&#148;) prohibit the Company from disclosing, directly or indirectly, any &#147;prescribed supervisory information&#148; relating to it or
its affiliates, with certain limited exceptions. The Supervisory Information Regulations define &#147;prescribed supervisory information&#148; broadly in terms of assessments, recommendations, ratings and reports concerning the Company that are made
by or at the request of the Superintendent and certain regulatory actions taken with respect to the Company, including: (i)&nbsp;any rating assigned to assess the financial condition of the Company or similar ratings; (ii)&nbsp;any report prepared
by or at the request of the Superintendent or any recommendation made by the Superintendent as a result of an examination or other supervisory review of the Company; (iii)&nbsp;any categorization of the Company as being at a stage of intervention
during which the Superintendent may exercise additional supervisory powers over the Company that vary with the stage (from stage 0 - no significant problem/normal activities to stage 4 -
<FONT STYLE="white-space:nowrap">non-viability/insolvency</FONT> imminent); (iv) any order of the Superintendent that the Company </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>


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increase its capital or provide additional liquidity; (v)&nbsp;any prudential agreement to implement any measure designed to maintain or improve the Company&#146;s safety or soundness entered
into between the Superintendent and the Company; and (vi)&nbsp;any direction of the Superintendent that the Company cease or refrain from committing, or remedy, unsafe or unsound practices in conducting its business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Supervisory Information Regulations permit the Company to disclose, to the public or otherwise, an order, prudential agreement or direction described in
(iv), (v) and (vi)&nbsp;above if the Company considers it to contain a material fact or material change that is required to be disclosed under applicable securities law. The Supervisory Information Regulations also permit the Company to disclose
prescribed supervisory information to underwriters in a public or private offering of securities if the Company ensures that the information remains confidential. The Supervisory Information Regulations do not prohibit or restrict the Company from
disclosing, publicly or otherwise, any facts relating to the business, operations or capital of the Company, provided that the Company does not indirectly disclose any prescribed supervisory information. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Provincial Insurance Regulation </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company is also
subject to provincial regulation and supervision in each province and territory of Canada in which it carries on business. Provincial insurance regulation is concerned primarily with the form of insurance contracts and the sale and marketing of
insurance and annuity products, including the licensing and supervision of insurance producers. Individual variable insurance contracts and the underlying segregated funds to which they relate are also subject to guidelines established by the
Canadian Council of Insurance Regulators (together with the Canadian Life and Health Insurance Association Inc.) which guidelines have regulatory standing in Ontario, are consistent with guidelines in Quebec adopted under the authority of Quebec
insurance legislation, and are generally followed by the regulators of all other provinces. These guidelines govern a number of matters relating to the sale of these products and the administration of the underlying segregated funds. Manufacturers
Life is licensed to transact business in all provinces and territories of Canada. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Provincial/Territorial Securities Laws </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company&#146;s Canadian mutual fund and asset management businesses are subject to Canadian provincial and territorial securities laws. Manulife Asset
Management Limited (&#147;MAML&#148;) is registered as a portfolio manager with the securities commissions in all Canadian provinces and territories, as an investment fund manager in the provinces of Ontario, Newfoundland and Labrador and Quebec, as
a commodity trading manager in Ontario, and as a derivatives portfolio manager in Quebec. Manulife Asset Management Investments Inc. (&#147;MAMII&#148;) is registered as an exempt market dealer with the securities commissions in all Canadian
provinces and territories. MAML and MAMII are subject to regulation by the applicable provincial securities regulators. Manulife Securities Investment Services Inc. (&#147;MSISI&#148;) is registered under provincial and territorial securities laws
to sell mutual funds across Canada and is subject to regulation by the applicable provincial and territorial securities regulators as well as the MFDA, a self-regulatory organization. MSISI is also registered as an exempt market dealer in all
Canadian provinces and territories. Manulife Securities Incorporated (&#147;MSI&#148;) is registered under provincial and territorial securities laws to sell investments across Canada and is subject to regulation by the provincial and territorial
securities regulators as well as IIROC, a self-regulatory organization. MSI is also registered as a derivatives dealer in Quebec. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Consumer Protection
for Financial Institution Failure </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Assuris was created by the life and health insurance industry in Canada in 1990 to provide Canadian policyholders
with protection in the event of the insolvency of their insurance company. Assuris is funded by its member insurance companies, including Manufacturers Life and Manulife Assurance Company of Canada. Member companies of Assuris are assessed to build
and maintain a liquidity fund at a minimum level of $100&nbsp;million. Members are then primarily subject to assessment on an &#147;as needed&#148; basis. Assessments are calculated based on each member&#146;s MCCSR, subject to adjustments where the
member operates in foreign jurisdictions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Canadian Investor Protection Fund (&#147;CIPF&#148;) has been created to provide clients with protection,
within defined limits, in the event of the insolvency of their IIROC investment dealer. The CIPF is funded by its member investment dealers, including MSI. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The MFDA Investor Protection Corporation (&#147;IPC&#148;) has been created to provide clients with protection, within defined limits, in the event of the
insolvency of their mutual fund dealer. The IPC is funded by its member mutual fund dealers, including MSISI. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Canada Deposit Insurance Corporation (&#147;CDIC&#148;) is a federal crown corporation created by parliament
in 1967 to protect deposits made with member financial institutions in case of their failure. CDIC member institutions, including Manulife Bank and its subsidiary Manulife Trust Company, fund deposit insurance through premiums paid on the insured
deposits that they hold. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>UNITED STATES </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>General
Regulation at the State Level </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The various states in the United States have laws regulating transactions between insurers and other members of
insurance holding company systems. Transactions between the Company&#146;s U.S. insurers and their affiliates are subject to regulation by the states in which such insurance subsidiaries are domiciled and for certain limited matters, states in which
they transact business. Most states have enacted legislation that requires each insurance holding company and each insurance subsidiary in an insurance holding company system to register with, and be subject to regulation by, the insurance
regulatory authority of the insurance subsidiary&#146;s state of domicile. The Company&#146;s principal U.S. life insurance subsidiaries are John Hancock USA, John Hancock Life Insurance Company of New York (&#147;JHNY&#148;) and John Hancock
Life&nbsp;&amp; Health Insurance Company (&#147;JHLH&#148;). They are domiciled in Michigan, New York and Massachusetts, respectively. Under such laws, the insurance subsidiaries are required to annually furnish financial and related information
concerning the operations of companies within the holding company system that may materially affect the operations, management or financial condition of insurers within the system. These reports are also filed with other insurance departments on
request. In addition, such laws provide that all transactions within an insurance holding company system must be fair and equitable, and following any such transactions, each insurer&#146;s policyholder surplus must be both reasonable in relation to
its outstanding liabilities and adequate for its needs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The laws of the various states also establish regulatory agencies with broad administrative
powers, such as the power to approve policy forms, grant and revoke licenses to transact business, regulate trade practices, license agents, require financial statements and prescribe the type and amount of investment permitted. State insurance
regulatory authorities regularly make inquiries, hold investigations and administer market conduct examinations with respect to an insurer&#146;s compliance with applicable insurance laws and regulations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Insurance companies are required to file detailed annual statements with state insurance regulators in each of the states in which they do business and their
business and accounts are subject to examination by such regulators at any time. Quarterly statements must also be filed with the state insurance regulator in the insurer&#146;s state of domicile and with the insurance departments of many of the
states in which the insurer does business. Insurance regulators may periodically examine an insurer&#146;s financial condition, adherence to statutory accounting practices and compliance with insurance department rules and regulations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">State insurance departments, as part of their routine oversight process, conduct detailed examinations of the books, records and accounts of insurance
companies domiciled in their states. These examinations are generally conducted in accordance with the examining state&#146;s laws and the guidelines promulgated by the NAIC. Each of the Company&#146;s principal U.S. domiciled insurance subsidiaries
is subject to periodic examinations by its respective domiciliary state insurance regulators. The latest published examination reports issued by each such insurance department did not raise any material issues or adjustments. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Investment Powers </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company&#146;s U.S. insurance
subsidiaries are subject to laws and regulations that require diversification of their investment portfolios and limit the amount of investments in certain investment categories such as below investment grade bonds and real estate. Failure to comply
with these laws and regulations may cause investments exceeding regulatory limitations to be treated as <FONT STYLE="white-space:nowrap">non-admitted</FONT> assets for the purposes of measuring statutory surplus and in some circumstances would
require divestiture of the <FONT STYLE="white-space:nowrap">non-qualifying</FONT> assets. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Minimum Statutory Surplus and Capital </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company&#146;s U.S. domiciled life insurance subsidiaries are required to have minimum statutory surplus and capital of various amounts, depending on the
state in which they are licensed and the types of business they transact. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NAIC IRIS Ratios </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The NAIC uses a set of financial relationships or &#147;tests,&#148; known as the Insurance Regulatory Information System (&#147;IRIS&#148;), which are
designed for the early identification of insurance companies which might warrant special attention by insurance regulatory authorities. Insurance companies submit data annually to the NAIC, which in turn analyzes the data utilizing 12 ratios, each
with defined &#147;usual ranges.&#148; Having ratios that fall outside the usual range does not necessarily indicate that a company experienced unfavourable results. An insurance company may fall out of the usual range for one or more ratios because
of transactions that are favourable (such as large increases in surplus) or are immaterial or eliminated at the consolidated level. Each company&#146;s ratios are reviewed annually and are assigned a ranking by a team of examiners and financial
analysts at the NAIC for the purpose of identifying companies that require immediate regulatory attention. The rankings are not reported to the companies and are only available to regulators. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Risk-Based Capital Requirements </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In order to enhance the
regulation of insurer solvency, state regulators have adopted the NAIC model law implementing RBC requirements for life insurance companies. The requirements are designed to monitor capital adequacy and to raise the level of protection that
statutory surplus provides for policyholders. The model law measures four major areas of risk facing life insurers: (i)&nbsp;the risk of loss from asset defaults and asset fluctuation; (ii)&nbsp;the risk of loss from adverse mortality and morbidity
experience; (iii)&nbsp;the risk of loss from mismatching of asset and liability cash flows due to changing interest rates; and (iv)&nbsp;general business risk. Insurers having less statutory surplus than required by the RBC model formula are subject
to varying degrees of regulatory action depending on the level of capital inadequacy. Based on the formula adopted by the NAIC, each of the Company&#146;s U.S. insurance company subsidiaries exceeded the RBC capital requirements as at
December&nbsp;31, 2017. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Regulation of Shareholder Dividends and Other Payments from Insurance Subsidiaries </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Manulife&#146;s ability to meet debt service obligations and pay operating expenses and shareholder dividends depends on the receipt of sufficient funds from
its operating subsidiaries. Our U.S. operating subsidiaries are indirectly owned by Manufacturers Life. The payment of dividends by John Hancock USA is subject to restrictions set forth in the insurance laws of Michigan, its domiciliary state.
Similarly, the payment of dividends by JHNY and JHLH is regulated by New York and Massachusetts insurance laws, respectively. In all three states, regulatory approval is required if proposed shareholder dividend distributions exceed certain
thresholds. In addition, general regulations relating to an insurer&#146;s financial condition and solvency may also preclude or restrict the amount of dividends that may be paid by the Company&#146;s U.S. insurance subsidiaries. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Federal Securities and Commodity Laws </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Certain of the
Company&#146;s subsidiaries and certain investment funds, policies and contracts offered by them are subject to regulation under federal securities laws administered by the SEC and under certain state securities laws. Certain segregated funds of the
Company&#146;s insurance subsidiaries are registered as investment companies under the <I>Investment Company Act of 1940</I>, as are certain other funds managed by subsidiaries of the Company. Interests in segregated funds under certain variable
annuity contracts and variable insurance policies issued by the Company&#146;s insurance subsidiaries are also registered under the U.S. <I>Securities Act of 1933</I>. Each of John Hancock Distributors LLC, Signator Investors, Inc. and John Hancock
Funds, LLC is registered as a broker-dealer under the U.S. Securities Exchange Act of 1934 and each is a member of, and subject to regulation by, the Financial Industry Regulatory Authority. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Each of John Hancock Advisers, LLC, Manulife Asset Management (U.S.) LLC, Hancock Natural Resource Group, Inc., Hancock Venture Partners, Inc., Hancock
Capital Investment Management, LLC, Signator Investors, Inc., John Hancock Investment Management Services, LLC, Manulife Asset Management (North America) Limited and John Hancock Personal Financial Services, LLC is an investment adviser registered
under the U.S. <I>Investment Advisers Act of 1940</I>. Certain investment companies advised or managed by these subsidiaries are registered with the SEC under the <I>Investment Company Act of 1940</I> and the shares of certain of these entities are
qualified for sale in certain states in the United States and the District of Columbia. All aspects of the investment advisory activities of the Company&#146;s </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
subsidiaries are subject to various federal and state laws and regulations in jurisdictions in which they conduct business. These laws and regulations are primarily intended to benefit investment
advisory clients and investment company shareholders and generally grant supervisory agencies broad administrative powers, including the power to limit or restrict the carrying on of business for failure to comply with such laws and regulations. In
such event, the possible sanctions that may be imposed include the suspension of individual employees, limitations on the activities in which the investment advisor may engage, suspension or revocation of the investment advisor&#146;s registration
as an advisor, censure and fines. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The <I>Commodity Exchange Act</I> may regulate certain of the Company&#146;s segregated funds and registered funds as a
&#147;commodity pool&#148;, and certain of the Company&#146;s registered advisers as a &#147;commodity pool operator&#148; or a &#147;commodity trading advisor&#148;. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>State Guaranty Funds </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">All states of the United States
have insurance guaranty fund laws requiring life insurance companies doing business in the state to participate in a guaranty association which, like Assuris in Canada, is organized to protect policyholders against loss of benefits in the event of
an insolvency or <FONT STYLE="white-space:nowrap">wind-up</FONT> of a member insurer. These associations levy assessments (up to prescribed limits) on the basis of the proportionate share of premiums written by member insurers in the lines of
business in which the impaired or insolvent insurer is engaged. Assessments levied against the Company in each of the past five years have not been material. While the amount of any future assessments by guaranty funds cannot be predicted with
certainty, the Company believes, based upon a review of the current significant insolvency proceedings of insurers located in states where the Company conducts business, that future guaranty association assessments for insurer insolvencies will not
have a material adverse effect on the Company&#146;s liquidity and capital resources. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Employee Retirement Income Security Act of 1974
(&#147;ERISA&#148;) Considerations </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fiduciaries of employee benefit plans that are governed by ERISA are subject to regulation by the U.S. Department
of Labor. ERISA regulates the activities of a fiduciary of an employee benefit plan covered by that law, including an investment manager or advisor with respect to the plan&#146;s assets. Certain of the Company&#146;s subsidiaries will be expanding
their ability to offer personalized retirement investment advice to ERISA plan participants and Individual Retirement Account owners through the use of digital capabilities. Such service will cause such subsidiaries to be fiduciaries under
Department of Labor Regulation <FONT STYLE="white-space:nowrap">Section&nbsp;2510.3-21</FONT> which became effective on June&nbsp;9, 2017. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
Company&#146;s subsidiaries also issue insurance and annuity contracts for investment of employee benefit plans and provide a variety of other services to such plans. The provision of such services may cause the Company and its subsidiaries to be a
&#147;party in interest,&#148; as such term is defined in ERISA and the Internal Revenue Code of 1986, as amended (the &#147;Code&#148;), with respect to such plans. Certain transactions between parties in interest and those plans are prohibited by
ERISA and the Code. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Unless a statutory or administrative exemption is available, severe penalties and excise taxes are imposed by ERISA and the Code on
fiduciary breaches and prohibited transactions. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ASIA </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In Asia, local insurance authorities supervise and monitor the Company&#146;s business and financial condition in each of the countries and territories in
which the Company operates. The Company is also required to meet specific minimum working and regulatory capital requirements and is subject to regulations governing the investment of such capital in each of these jurisdictions. Hong Kong and Japan
are the regulatory jurisdictions governing Manulife&#146;s most significant operations in Asia. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Hong Kong </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In Hong Kong, the authority and responsibility for supervision of the insurance industry is vested in the Insurance Authority (&#147;IA&#148;) under the
amended<I> Insurance Ordinance, Cap. 41 </I>(the &#147;Insurance Ordinance&#148;, formerly known as the Insurance Companies Ordinance). Most of the amendments to the Insurance Ordinance came into force in December 2015 and June 2017. The remaining
amendments, relating to the centralized regulation on intermediaries, are expected to be implemented in late 2018 to 2019. Since June&nbsp;26, 2017, the IA has taken over all the regulatory powers of the then Office of the Commissioner of Insurance
(which was disbanded on the same day). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">15 </P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Chief Executive of the Government of the Hong Kong Special Administrative Region appoints the members of the
IA for the purposes of the Insurance Ordinance. The Insurance Ordinance provides that no person shall carry on any insurance business in or from Hong Kong except a company authorized to do so by the IA, Lloyd&#146;s of the United Kingdom or an
association of underwriters approved by the IA. The Insurance Ordinance stipulates certain requirements for authorized insurers, including robust corporate governance, enhanced &#147;fit and proper person&#148; requirements for directors,
controllers and several key persons in control functions such as financial control, compliance, risk management, intermediary management, actuary and internal audit, and minimum capital and solvency margin requirements, adequate reinsurance
arrangement requirements and statutory reporting requirements. The Insurance Ordinance also confers powers of inspection, investigation and intervention on the IA for the protection of policyholders and potential policyholders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The IA has residual power to appoint an advisor or a manager to any authorized insurer if the IA considers such appointment to be desirable for the protection
of policyholders or potential policyholders against the risk that the insurer may be unable to meet its liabilities or to fulfill the reasonable expectations of policyholders or potential policyholders and that, in the IA&#146;s opinion, the
exercise of other interventionary powers conferred by the Insurance Ordinance would not be appropriate to safeguard the interests of policyholders or potential policyholders. In such circumstances, the advisor or manager appointed by the IA will
have management control of the insurer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In Hong Kong, the Company&#146;s life insurance business is conducted through a branch of a wholly owned Bermuda
subsidiary, Manulife (International) Limited, which is licensed to carry on the business of &#147;long-term&#148; insurance. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Long-term insurance
companies are required under the Insurance Ordinance to maintain certain solvency margins. The required solvency margin is the aggregate of two components: (i)&nbsp;a percentage of the mathematical reserves; and (ii)&nbsp;a percentage of the capital
at risk as prescribed under the Insurance (Margin of Solvency) Rules (Cap.41F), enacted pursuant to the Insurance Ordinance. For a long-term insurance company, the value of its assets must not be less than the amount of its liabilities by the
required solvency margin, subject to a minimum of Hong Kong $2&nbsp;million. Compliance with the solvency margin requirements is reported annually to the IA. Currently, all solvency margin requirements are being met. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The sale of mutual funds and the issuance of advertisements, invitations or documents in relation to collective investment schemes which contain an invitation
to acquire an interest are subject to Hong Kong securities laws administered by the Securities and Futures Commission. The sale of pension fund products is subject to the supervision of the Mandatory Provident Fund Schemes Authority. The sales of
investment-linked assurance and group life and health products are subject to the supervision of the IA. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Japan </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Life insurance companies in Japan, including Manulife Life Insurance Company (&#147;Manulife Japan&#148;), are governed by the <I>Insurance Business Law</I>
and the regulations issued thereunder (the &#147;IB Law&#148;). The IB Law sets out a comprehensive regulatory regime for Japanese life insurers, including such matters as capital and solvency requirements, powers of regulatory intervention, new
insurance products and restrictions on shareholder dividends and distributions. The administration and application of the IB Law is supervised by the Financial Services Agency (&#147;FSA&#148;). The IB Law provides for certain rules with respect to
the approval of new insurance products and the setting of premium levels. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Revisions to the IB Law incorporate obligations relating to sales of insurance
products such as understanding customer&#146;s intention and provision of relevant information to customers, as well as agencies&#146; obligation to develop their own controls framework including <FONT STYLE="white-space:nowrap">non-exclusive</FONT>
agencies&#146; obligation to recommend a product based on a comparison with similar products. The revised law came into effect on May&nbsp;29, 2016. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
FSA published on March&nbsp;30, 2017, Principles for Customer-Oriented Business Operations that recommend financial institutions, including insurers, among others, take the following actions:(1) Develop and make public a policy for a
customer-oriented business; (2)&nbsp;Provide thorough disclosure of detailed fees and expenses of financial products to customers; (3)&nbsp;Provide important information in an easy to understand manner; and (4)&nbsp;Provide services suited to each
customer. Manulife Japan established a policy as a &#147;Customer Promise&#148; and made it public on June&nbsp;9, 2017 on its website. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Investment
managers in Japan, including Manulife Asset Management (Japan) Limited, are governed by the <I>Financial Instruments and Exchange Act (Japan)</I>, and the regulations issued thereunder (the &#147;FIEA&#148;). The FIEA sets out a comprehensive
regulatory regime for investment managers that do business in Japan, including the registration </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">16 </P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
requirement for investment managers, filing requirements for public offerings of investment trusts, behaviour regulations and other matters. Persons who conduct investment management business in
Japan (management of investment trusts and/or discretionary investment management business) must be registered with the FSA under the FIEA. The registered investment managers are supervised by the FSA or local financial bureaus. The <I>Investment
Trust and Investment Corporation Act (Japan)</I> provides structural requirements for investment trust funds organized within Japan and also governs managers of such domestic investment trusts. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Restrictions on Shareholder Dividends </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In Asia, insurance
and company laws in the jurisdictions in which the Company operates provide for specific restrictions on the payment of shareholder dividends and other distributions by the Company&#146;s subsidiaries, or impose solvency or other financial tests,
which could affect the ability of these subsidiaries to pay dividends in certain circumstances. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="ex99_3489903_10"></A>GENERAL
DESCRIPTION OF CAPITAL STRUCTURE </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">MFC has authorized share capital consisting of an unlimited number of common shares (&#147;Common Shares&#148;), an
unlimited number of Class&nbsp;A Shares (&#147;Class&nbsp;A Shares&#148;), an unlimited number of Class&nbsp;B Shares (&#147;Class&nbsp;B Shares&#148;) and an unlimited number of Class&nbsp;1 Shares (&#147;Class&nbsp;1 Shares&#148;) (collectively,
the Class&nbsp;A Shares, Class&nbsp;B Shares and Class&nbsp;1 Shares are &#147;Preferred Shares&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of December&nbsp;31, 2017, MFC had the
following Common Shares, Class&nbsp;A Shares and Class&nbsp;1 Shares issued: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Common Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,981,836,232</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;A Shares Series 2</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,000,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;A Shares Series 3</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,000,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;1 Shares Series 3</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6,335,831</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;1 Shares Series 4</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,664,169</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;1 Shares Series 5</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,000,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;1 Shares Series 7</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,000,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;1 Shares Series 9</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,000,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;1 Shares Series 11</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,000,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;1 Shares Series 13</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,000,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;1 Shares Series 15</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8,000,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;1 Shares Series 17</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,000,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;1 Shares Series 19</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,000,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;1 Shares Series 21</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,000,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;1 Shares Series 23</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,000,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">MFC has authorized but not issued Class&nbsp;1 Shares Series 6, Class&nbsp;1 Shares Series 8, Class&nbsp;1 Shares Series 10,
Class&nbsp;1 Shares Series 12, Class&nbsp;1 Shares Series 14, Class&nbsp;1 Shares Series 16, Class&nbsp;1 Shares Series&nbsp;18, Class&nbsp;1 Shares Series&nbsp;20, Class&nbsp;1 Shares Series 22, and Class&nbsp;1 Shares Series 24. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Certain Provisions of the Class&nbsp;A Shares as a Class </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following is a summary of certain provisions attaching to the Class&nbsp;A Shares as a class. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Priority </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Each series of Class&nbsp;A Shares ranks on a
parity with every other series of Class&nbsp;A Shares and every series of Class&nbsp;1 Shares with respect to dividends and return of capital. The Class&nbsp;A Shares shall be entitled to a preference over the Class&nbsp;B Shares, the Common Shares
and any other shares ranking junior to the Class&nbsp;A Shares with respect to priority in payment of dividends and in the distribution of assets in the event of the liquidation, dissolution or <FONT STYLE="white-space:nowrap">winding-up</FONT> of
MFC, whether voluntary or involuntary, or any other distribution of the assets of MFC among its shareholders for the specific purpose of winding up its affairs. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Certain Provisions of the Class&nbsp;B Shares as a Class </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following is a summary of certain provisions attaching to the Class&nbsp;B Shares as a class. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">17 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Priority </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Each series of Class&nbsp;B Shares ranks on a parity with every other series of Class&nbsp;B Shares with respect to dividends and return of capital. The
Class&nbsp;B Shares shall rank junior to the Class&nbsp;A Shares and the Class&nbsp;1 Shares with respect to priority in payment of dividends and in the distribution of assets in the event of the liquidation, dissolution or winding up of MFC,
whether voluntary or involuntary, or any other distribution of the assets of MFC among its shareholders for the specific purpose of winding up its affairs, but the Class&nbsp;B Shares shall be entitled to a preference over the Common Shares and any
other shares ranking junior to the Class&nbsp;B Shares with respect to priority in payment of dividends and the distribution of assets in the event of the liquidation, dissolution or winding up of MFC, whether voluntary or involuntary, or any other
distribution of the assets of MFC<I> </I>among its shareholders for the specific purpose of winding up its affairs. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Certain Provisions of the
Class&nbsp;1 Shares as a Class </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following is a summary of certain provisions attaching to the Class&nbsp;1 Shares as a class. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Priority </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Each series of Class&nbsp;1 Shares ranks on a
parity with every other series of Class&nbsp;1 Shares and every series of Class&nbsp;A Shares with respect to dividends and return of capital. The Class&nbsp;1 Shares shall be entitled to a preference over the Class&nbsp;B Shares, the Common Shares
and any other shares ranking junior to the Class&nbsp;1 Shares with respect to priority in payment of dividends and in the distribution of assets in the event of the liquidation, dissolution or <FONT STYLE="white-space:nowrap">winding-up</FONT> of
MFC, whether voluntary or involuntary, or any other distribution of the assets of MFC among its shareholders for the specific purpose of winding up its affairs. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Certain Provisions Common to the Class&nbsp;A Shares, Class&nbsp;B Shares and Class&nbsp;1 Shares </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following is a summary of certain provisions attaching to the Class&nbsp;A Shares as a class, to the Class&nbsp;B Shares as a class and to the Class&nbsp;1
Shares as a class. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Directors&#146; Right to Issue in One or More Series </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Class&nbsp;A Shares, Class&nbsp;B Shares and Class&nbsp;1 Shares may be issued at any time and from time to time in one or more series. Before any shares
of a series are issued, the Board shall fix the number of shares that will form such series, if any, and shall, subject to any limitations set out in the <FONT STYLE="white-space:nowrap">by-laws</FONT> of MFC or in the ICA, determine the
designation, rights, privileges, restrictions and conditions to be attached to the Class&nbsp;A Shares, Class&nbsp;B Shares or Class&nbsp;1 Shares as the case may be, of such series, the whole subject to the filing with the Superintendent of the
particulars of such series, including the rights, privileges, restrictions and conditions determined by the Board. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Summaries of the terms for each series
of the Class&nbsp;A Shares and Class&nbsp;1 Shares that have been issued or authorized for issuance<B> </B>are contained in the prospectuses relating to such shares, which are available on SEDAR. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Voting Rights of Preferred Shares </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Except as hereinafter
referred to or as required by law or as specified in the rights, privileges, restrictions and conditions attached from time to time to any series of Class&nbsp;A Shares, Class&nbsp;B Shares or Class&nbsp;1 Shares, the holders of such Class&nbsp;A
Shares, Class&nbsp;B Shares or Class&nbsp;1 Shares as a class shall not be entitled as such to receive notice of, to attend or to vote at any meeting of the shareholders of MFC. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Amendment with Approval of Holders of Preferred Shares </I></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The rights, privileges, restrictions and conditions attached to each of the Class&nbsp;A Shares, Class&nbsp;B Shares and Class&nbsp;1 Shares as a class may be
added to, changed or removed but only with the approval of the holders of such class of Preferred Shares given as hereinafter specified. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Approval of
Holders of Preferred Shares </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The approval of the holders of a class of Preferred Shares to add to, change or remove any right, privilege, restriction
or condition attaching to such class of Preferred Shares as a class or in respect of any other matter requiring the consent of the holders of such class of Preferred Shares may be given in such manner as may then be required by law,
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">18 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
subject to a minimum requirement that such approval be given by resolution signed by all the holders of such class of Preferred Shares or passed by the affirmative vote of at least <FONT
STYLE="white-space:nowrap">two-thirds</FONT> (2/3) of the votes cast at a meeting of the holders of such class of Preferred Shares duly called for that purpose. Notwithstanding any other condition or provision of any class of Preferred Shares, the
approval of the holders of any class, voting separately as a class or series, is not required on a proposal to amend the <FONT STYLE="white-space:nowrap">by-laws</FONT> of MFC to: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">increase or decrease the maximum number of authorized Class&nbsp;A Shares, Class&nbsp;B Shares or Class&nbsp;1 Shares, as the case may be, or increase the maximum number of authorized shares of a class of shares having
rights or privileges equal or superior to such class of Preferred Shares; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">effect the exchange, reclassification or cancellation of all or any part of the Class&nbsp;A Shares, Class&nbsp;B Shares or Class&nbsp;1 Shares, as the case may be; or </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">create a new class of shares equal to or superior to the Class&nbsp;A Shares, the Class&nbsp;B Shares or the Class&nbsp;1 Shares, as the case may be. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The formalities to be observed with respect to the giving of notice of any such meeting or any adjourned meeting, the quorum required therefor and the conduct
thereof shall be those from time to time required by the ICA as in force at the time of the meeting and those, if any, prescribed by the <FONT STYLE="white-space:nowrap">by-laws</FONT> or the administrative resolutions of MFC with respect to
meetings of shareholders. On every poll taken at every meeting of the holders of a class of Preferred Shares as a class, or at any joint meeting of the holders of two or more series of a class of Preferred Shares, each holder of such class of
Preferred Shares entitled to vote thereat shall have one vote in respect of each relevant Preferred Share held. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Certain Provisions of the Common
Shares as a Class </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The authorized common share capital of MFC consists of an unlimited number of Common Shares without nominal or par value. Each
holder of Common Shares is entitled to receive notice of and to attend all meetings of the shareholders of MFC and is entitled to one vote for each share held except for meetings at which only holders of another specified class or series of shares
of MFC are entitled to vote separately as a class or series. The holders of Common Shares are entitled to receive dividends as and when declared by the Board, subject to the preference of the holders of Class&nbsp;A Shares, Class&nbsp;B Shares,
Class&nbsp;1 Shares and any other shares ranking senior to the Common Shares with respect to priority in payment of dividends. After payment to the holders of Class&nbsp;A Shares, Class&nbsp;B Shares, Class&nbsp;1 Shares and any other shares ranking
senior to Common Shares with respect to priority in the distribution of assets in the event of the liquidation, dissolution or <FONT STYLE="white-space:nowrap">winding-up</FONT> of MFC, the holders of Common Shares shall be entitled to receive
prorated the net assets of MFC remaining, after the payment of all creditors and liquidation preferences, if any, that pertains to shareholders. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="ex99_3489903_11"></A>DIVIDENDS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The declaration and payment of dividends and the amount thereof is subject to the discretion of the Board and is dependent upon the results of operations,
financial condition, cash requirements and future prospects of, and regulatory restrictions on the payment of dividends by, the Company and other factors deemed relevant by the Board. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Since MFC is a holding company that conducts all of its operations through regulated insurance subsidiaries (or companies owned directly or indirectly by
these subsidiaries), its ability to pay future dividends will depend on the receipt of sufficient funds from its regulated insurance subsidiaries. These subsidiaries are also subject to certain regulatory restrictions under laws in Canada, the
United States and certain other countries that may limit their ability to pay dividends or make other upstream distributions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to an agreement
made between MFC, Manufacturers Life, CIBC Mellon Trust Company (&#147;CIBC Mellon&#148;) and Manulife Financial Capital Trust II (a subsidiary of Manufacturers Life) (the &#147;Trust II&#148;), MFC and Manufacturers Life have covenanted for the
benefit of holders of the outstanding Manulife Financial Capital Trust II Notes &#150; Series I (the &#147;Notes&#148;) that, if interest is not paid in full in cash on the Notes on any interest payment date or if Manufacturers Life elects that
holders of Notes invest interest payable on the Notes on any interest payment date in a new series of Manufacturers Life Class&nbsp;1 Shares, Manufacturers Life will not declare or pay cash dividends on any MLI Public Preferred Shares (as defined
below), if any are outstanding, and if no MLI Public Preferred Shares are outstanding, MFC will not declare or pay cash dividends on its Preferred Shares and Common Shares, in each case, until the sixth month following such deferral date. &#147;MLI
Public Preferred Shares&#148; means, at any time, preferred shares of Manufacturers Life which at that time: (a)&nbsp;have been issued to the public (excluding any preferred shares of </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">19 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Manufacturers Life held beneficially by affiliates of Manufacturers Life); (b) are listed on a recognized stock exchange; and (c)&nbsp;have an aggregate liquidation entitlement of at least
$200&nbsp;million, provided however, if at any time, there is more than one class of MLI Public Preferred Shares outstanding, then the most senior class or classes of outstanding MLI Public Preferred Shares shall, for all purposes, be the MLI Public
Preferred Shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">MFC has paid the following cash dividends in the period from January&nbsp;1, 2015 to December&nbsp;31, 2017: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="84%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:51.10pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>Type of Shares</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2017</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Common Shares<SUP STYLE="font-size:85%; vertical-align:top">4</SUP></B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.82</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.74</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.665</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Preferred Shares</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;A Shares Series 1<SUP STYLE="font-size:85%; vertical-align:top">5</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.5125</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;A Shares Series 2</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.1625</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.1625</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.1625</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;A Shares Series 3</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.1250</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.1250</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.1250</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;1 Shares Series 3</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.5445</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.7973</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.0500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;1 Shares Series 4<SUP STYLE="font-size:85%; vertical-align:top">6</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.4918</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.2431</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;1 Shares Series 5</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.9728</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.1000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.1000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;1 Shares Series 7</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.0960</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.1500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.1500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;1 Shares Series 9</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.0969</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.1000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.1000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;1 Shares Series 11</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.0000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.0000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.0000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;1 Shares Series 13</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.9500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.9500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.9500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;1 Shares Series 15</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.9750</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.9750</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.9750</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;1 Shares Series 17</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.9750</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.9750</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.9750</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;1 Shares Series 19</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.9500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.9500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">0.9884</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;1 Shares Series 21</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.4000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.1411</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Class&nbsp;1 Shares Series 23<SUP STYLE="font-size:85%; vertical-align:top">7</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">1.2980</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right">&#151;&nbsp;&nbsp;</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The 2017, 2016 and 2015 dividends on the Common Shares, the Class&nbsp;A Shares and the Class&nbsp;1 Shares were paid
quarterly in March, June, September and December. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="ex99_3489903_12"></A>CONSTRAINTS ON OWNERSHIP OF SHARES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The ICA contains restrictions on the purchase or other acquisition, issue, transfer and voting of the shares of MFC. Pursuant to these restrictions, no person
is permitted to acquire any shares of MFC if the acquisition would cause the person to have a &#147;significant interest&#148; in any class of shares of MFC, unless the prior approval of the Minister of Finance is obtained. The restrictions also
prohibit any person from becoming a &#147;major shareholder&#148; of MFC. In addition, MFC is not permitted to record in its securities register any transfer or issue of shares if the transfer or issue would cause the person to breach the ownership
restrictions. For these purposes, a person has a significant interest in a class of shares of MFC where the aggregate of any shares of that class beneficially owned by that person, any entity controlled by that person and by any person associated or
acting jointly or in concert with that person exceeds 10% of all the outstanding shares of that class of shares of MFC. A person is a major shareholder if the aggregate of any shares in a class of voting shares held by that person and by any entity
controlled by that person exceeds 20% of the outstanding shares of that class, or, for a class of <FONT STYLE="white-space:nowrap">non-voting</FONT> shares, a holding exceeds 30% of that class. If a person contravenes any of these restrictions, the
Minister of Finance may, by order, direct such person to dispose of all or any portion of those shares. In addition, the ICA prohibits life insurance companies, including MFC, from recording in its securities register a transfer or issue of any
share to Her Majesty in right of Canada or of a province, an agent or agency of Her Majesty, a foreign government or an agent or agency of a foreign government and provides further that no person may exercise the voting rights attached to those
shares of an insurance company. The ICA exempts from such constraints certain foreign financial institutions which are controlled by foreign governments and eligible agents provided certain conditions are satisfied. </P>
<P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">4</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The Board approved an increase of the quarterly dividend amount on the Common Shares from $0.155 per share to $0.17 per share on May 6, 2015, from $0.17 per share to $0.185 per share on February 10, 2016, and from
$0.185 per share to $0.205 per share on February 8, 2017. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">5</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">On June 19, 2015, MFC redeemed all of its 14,000,000 outstanding Class A Shares Series 1. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">6</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">On June 20, 2016, MFC converted 1,664,169 Class 1 Shares Series 3 into 1,664,169 Class 1 Shares Series 4. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">7</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Initial dividend of $0.3886641 per share paid on March 19, 2017, per Prospectus Supplement issued on November 22, 2016. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">20 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Under applicable insurance laws and regulations in Michigan, New York and Massachusetts, no person may acquire
control of any of the Company&#146;s insurance company subsidiaries domiciled in any such state without obtaining prior approval of such state&#146;s insurance regulatory authority. Under applicable laws and regulations, any person acquiring,
directly or indirectly, 10% or more of the voting securities of any other person is presumed to have acquired &#147;control&#148; of such person. Thus, any person seeking to acquire 10% or more of the voting securities of MFC must obtain the prior
approval of the insurance regulatory authorities in certain states including Michigan, Massachusetts and New York, or must demonstrate to the relevant insurance regulator&#146;s satisfaction that the acquisition of such securities will not give them
control of MFC. Under state law, the failure to obtain such prior approval would entitle MFC or the insurance regulatory authorities to seek judicial injunctive relief, including enjoining the proposed acquisition or the voting of the acquired
securities at any meeting of shareholders. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="ex99_3489903_13"></A>RATINGS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Credit rating agencies publish financial strength ratings on life insurance companies that are indicators of an insurance company&#146;s ability to meet
contract holder and policyholder obligations. Credit rating agencies also assign credit ratings, which are indicators of an issuer&#146;s ability to meet the terms of its obligations in a timely manner, and are important factors in a company&#146;s
overall funding profile and ability to access external capital. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ratings are important factors in establishing the competitive position of insurance
companies, maintaining public confidence in products being offered, and determining the cost of capital. A ratings downgrade, or the potential for such a downgrade could, among other things: increase our cost of capital and limit our access to the
capital markets; cause some of our existing liabilities to be subject to acceleration, additional collateral support, changes in terms, or additional financial obligations; result in the termination of our relationships with broker-dealers, banks,
agents, wholesalers and other distributors of our products and services; unfavourably impact our ability to execute on our hedging strategy; materially increase the number of surrenders, for all or a portion of the net cash values, by the owners of
policies and contracts we have issued, and materially increase the number of withdrawals by policyholders of cash values from their policies; and reduce new sales. Any of these consequences could adversely affect our results of operations and
financial condition. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following table summarizes, by type of securities, the ratings, outlook and ranking that MFC has received from approved rating
organizations on its outstanding securities as at February&nbsp;2, 2018. Note that some of the approved rating organizations may not have assigned ratings for all of the outstanding classes or series of instruments under each security type. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="27%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>A.M.&nbsp;Best&nbsp;Company</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(&#147;A.M. Best&#148;)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>DBRS&nbsp;Limited</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(&#147;DBRS&#148;)</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Fitch&nbsp;Ratings&nbsp;Inc.</B><br><B>(&#147;Fitch&#148;)</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>S&amp;P&nbsp;Global Ratings
(&#147;S&amp;P&#148;)</B></P></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Securities</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Rating/Outlook</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Rank</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Rating/Outlook</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Rank</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Rating/Outlook</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Rank</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Rating/Outlook</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">Rank</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Preferred Shares</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">bbb / Stable</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">9&nbsp;of&nbsp;21</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="white-space:nowrap">Pfd-2/</FONT> Stable</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">5&nbsp;of&nbsp;16</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="white-space:nowrap">BBB-</FONT> / Stable</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">10&nbsp;of&nbsp;19</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="white-space:nowrap">P-2</FONT> (High) / BBB+ / Stable</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">4&nbsp;of&nbsp;18<BR> <P STYLE="margin-bottom:1pt; margin-top:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 of 20</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Medium Term Notes and Senior Debt</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="white-space:nowrap">a-</FONT> / Stable</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">7 of 21</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">A/ Stable</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">6 of 26</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="white-space:nowrap">A-</FONT> / Stable</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">7 of 19</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">A / Stable</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">6 of 22</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Subordinated Debt</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">bbb+ / Stable</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">8 of 21</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">A (low) / Stable</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">7 of 26</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">BBB+ / Stable</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">8 of 19</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="white-space:nowrap">A-</FONT> / Stable</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center">7 of 22</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The security ratings accorded by the rating organizations are not a recommendation to purchase, hold or sell these securities
and may be subject to revision or withdrawal at any time by the rating organizations. Security ratings are intended to provide investors with an independent measure of the credit quality of an issue of securities. The Company provides certain rating
agencies with confidential, <FONT STYLE="white-space:nowrap">in-depth</FONT> information in support of the rating process. The issuance of additional debt, hybrid securities, or preferred shares could put pressure on these ratings. If, in the view
of the rating organizations, there is deterioration in capital flexibility, operating performance, or the risk profile of the Company, this could also put pressure on these ratings. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company has paid customary rating fees to DBRS, Fitch and S&amp;P in connection with some or all of the above-mentioned ratings. In addition, the Company
has made customary payments in respect of certain other services provided to the Company by each of A.M. Best, DBRS, Fitch, and S&amp;P during the last two years. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">21 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>A.M. Best Ratings </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A.M. Best assigns ratings for preferred shares and debt in a range from &#147;aaa&#148; to &#147;c&#148;. These ratings provide an opinion of an entity&#146;s
ability to meet ongoing financial obligations to security holders when due, and reflects the risk that an issuer may not meet its contractual obligations. The modifiers plus (+) or minus (<B>-)</B> may be appended to a rating to denote a gradation
within the category to indicate whether credit quality is near the top or bottom of a particular rating category. Rating outlooks may be positive, stable, or negative, indicating the potential future direction a rating may move over a <FONT
STYLE="white-space:nowrap">36-month</FONT> period. The Company&#146;s current rating outlook is stable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">MFC&#146;s Class&nbsp;A Shares and Class&nbsp;1
Shares have been assigned a &#147;bbb&#148; rating. The &#147;bbb&#148; ratings denotes a good ability to meet the terms of the obligation, however the issue is more susceptible to changes in economic or other conditions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">MFC&#146;s Medium Term Notes and Senior Debt have been assigned an <FONT STYLE="white-space:nowrap">&#147;a-&#148;</FONT> rating, which denotes an excellent
ability to meet the terms of the obligation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">MFC&#146;s Subordinated Debt has been assigned a &#147;bbb+&#148; rating, which denotes a good ability to
meet the terms of the obligation, however the issue is more susceptible to changes in economic or other conditions. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>DBRS Ratings </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">DBRS assigns ratings for preferred shares in a range from <FONT STYLE="white-space:nowrap">&#147;Pfd-1&#148;</FONT> to &#147;D&#148;. The DBRS preferred share
rating scale is used in the Canadian securities market and is meant to give an indication of the risk that a borrower will not fulfill its full obligations in a timely manner, with respect to both dividend and principal commitments. DBRS assigns
ratings for long-term obligations in a range from &#147;AAA&#148; to &#147;D&#148;. The scale provides an opinion on the risk that an issuer will fail to satisfy its financial obligations in accordance with the terms under which an obligation has
been issued. Every DBRS rating is based on quantitative and qualitative considerations relevant to the borrowing entity. Some rating categories are denoted by the subcategories &#147;high&#148; and &#147;low&#148;. The absence of either a
&#147;high&#148; or &#147;low&#148; designation indicates the rating is in the middle of the category. Each DBRS rating is appended with one of three rating trends &#150; &#147;Positive&#148;, &#147;Stable&#148;, or &#147;Negative&#148;. The rating
trend indicates the direction in which DBRS considers the rating may move if present circumstances continue, or in some cases, unless challenges are addressed; a positive or negative trend does not necessarily indicate that a rating change is
imminent. The Company&#146;s current ratings trend is stable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">MFC&#146;s Class&nbsp;A Shares and Class&nbsp;1 Shares<B> </B>have been assigned a <FONT
STYLE="white-space:nowrap">&#147;Pfd-2&#148;</FONT> rating as they are considered to be of satisfactory credit quality. Protection of dividends and principal is still substantial, but earnings, the balance sheet and coverage ratios are not as strong
as <FONT STYLE="white-space:nowrap">&#147;Pfd-1&#148;</FONT> rated companies. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">MFC&#146;s Medium Term Notes and Senior Debt have been assigned an
&#147;A&#148; rating, while MFC&#146;s Subordinated Debt has been assigned an &#147;A (low)&#148; rating. An obligation rated &#147;A&#148; or &#147;A (low)&#148; is of good credit quality, where the capacity for the payment of financial obligations
is substantial, but of lesser credit quality than &#147;AA&#148;. The Company may be vulnerable to future events, but qualifying negative factors are considered manageable. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Fitch Ratings </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fitch assigns ratings for preferred shares
and debt in a range from &#147;AAA&#148; to &#147;C&#148; and these ratings provide an opinion on the relative ability of an entity to meet financial commitments, such as interest, preferred dividends, repayment of principal, insurance claims or
counterparty obligations. These ratings are used by investors as indications of the likelihood of receiving the money owed to them in accordance with the terms on which they invested. These ratings do not directly address any risk other than credit
risk. In particular, ratings do not deal with the risk of a market value loss on a rated security due to changes in interest rates, liquidity and other market considerations. The modifiers &#147;+&#148; or &#147;<B>-</B>&#148; may be appended to a
rating to denote relative status within major rating categories. Rating outlooks indicate the direction a rating is likely to move over a <FONT STYLE="white-space:nowrap">one-</FONT> to <FONT STYLE="white-space:nowrap">two-year</FONT> period. Rating
outlooks may be positive, stable, negative or evolving. The Company&#146;s current rating outlook is stable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">MFC&#146;s Class&nbsp;A Shares and
Class&nbsp;1 Shares have been assigned a <FONT STYLE="white-space:nowrap">&#147;BBB-&#148;</FONT> rating. The Company&#146;s capacity for payment of financial commitments is considered adequate but adverse business or economic conditions are more
likely to impair this capacity. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">22 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">MFC&#146;s Medium Term Notes and Senior Debt have been assigned an
<FONT STYLE="white-space:nowrap">&#147;A-&#148;</FONT> rating. This rating denotes expectations of low credit risk. The capacity for payment of financial commitments is considered strong. This capacity may, nevertheless, be more vulnerable to
adverse business or economic conditions than is the case for higher ratings. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">MFC&#146;s Subordinated Debt have been assigned a &#147;BBB+&#148; rating.
This rating indicates that expectations of default risk are currently low. The capacity for payment of financial commitments is considered adequate but adverse business or economic conditions are more likely to impair this capacity. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>S&amp;P&#146;s Ratings </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">S&amp;P assigns ratings for
Canadian preferred shares in a range from <FONT STYLE="white-space:nowrap">&#147;P-1&#148;</FONT> to &#147;D&#148; and these ratings are a forward-looking opinion about the creditworthiness of an obligor with respect to a specific preferred share
obligation issued in the Canadian market, relative to preferred shares issued by other issuers in the Canadian market. There is a direct correspondence between the specific ratings assigned on the Canadian preferred share scale and the various
rating levels on the global debt rating scale of S&amp;P. It is the practice of S&amp;P to present an issuer&#146;s preferred share ratings on both the global ratings scale and the Canadian national scale when listing the ratings for a particular
issuer. S&amp;P&#146;s Canadian scale preferred share ratings may be modified by the addition of &#147;High&#148; or &#147;Low&#148; to show relative standing within the major rating categories. S&amp;P&#146;s global scale preferred share ratings
may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.<B> </B>Rating outlooks assess the potential direction of a long-term credit rating over the intermediate term (typically
six months to two years). Rating outlooks may be positive, negative, stable, developing or not meaningful. The Company&#146;s current rating outlook is stable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">S&amp;P assigns ratings for long-term obligations in a range from &#147;AAA&#148; to &#147;D&#148;. These ratings provide a forward-looking opinion about the
creditworthiness of an obligor with respect to a specific financial obligation, a specific class of financial obligations, or a specific financial program (including ratings on medium-term note programs and commercial paper programs). S&amp;P&#146;s
long-term issue credit ratings may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.<B> </B>Rating outlooks may be positive, negative, stable, developing or not meaningful. The
Company&#146;s current rating outlook is stable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">MFC&#146;s Class&nbsp;A Shares and Class&nbsp;1 Shares have been assigned a <FONT
STYLE="white-space:nowrap">&#147;P-2</FONT> (High)&#148; rating on the Canadian scale, which corresponds to a &#147;BBB+&#148; rating on the global scale. The <FONT STYLE="white-space:nowrap">&#147;P-2</FONT> (High)&#148; rating denotes that the
specific obligation exhibits adequate protection parameters. However, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity of the obligor to meet its financial commitment on the obligation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">MFC&#146;s Medium Term Notes and Senior Debt have been assigned an &#147;A&#148; rating, while its Subordinated Debt has been assigned an <FONT
STYLE="white-space:nowrap">&#147;A-&#148;</FONT> rating. An obligation rated &#147;A&#148; or <FONT STYLE="white-space:nowrap">&#147;A-&#148;</FONT> is somewhat more susceptible to the adverse effects of changes in circumstances and economic
conditions than obligations in higher-rated categories. However, the obligor&#146;s capacity to meet its financial commitment on the obligation is still strong. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="ex99_3489903_14"></A>MARKET FOR SECURITIES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">MFC&#146;s Common Shares are listed for trading under the symbol &#147;MFC&#148; on the Toronto Stock Exchange (&#147;TSX&#148;), the New York Stock Exchange
(&#147;NYSE&#148;), and the Philippine Stock Exchange and under &#147;0945&#148; on The Stock Exchange of Hong Kong. The Class&nbsp;A Shares Series 2 and Class&nbsp;A Shares Series 3 preferred shares are listed for trading on the TSX under the
symbol &#147;MFC.PR.B&#148; and &#147;MFC.PR.C&#148;, respectively. The Class&nbsp;1 Shares Series 3, Class&nbsp;1 Shares Series 4, Class&nbsp;1 Shares Series 5, Class&nbsp;1 Shares Series 7, Class&nbsp;1 Shares Series 9, Class&nbsp;1 Shares Series
11, Class&nbsp;1 Shares Series 13, Class&nbsp;1 Shares Series 15, Class&nbsp;1 Shares Series 17, Class&nbsp;1 Shares Series 19, Class&nbsp;1 Shares Series 21 and Class&nbsp;1 Shares Series 23 preferred shares are listed for trading on the TSX under
the symbol &#147;MFC.PR.F&#148;, &#147;MFC.PR.P&#148;, &#147;MFC.PR.G&#148;, &#147;MFC.PR.H&#148;, &#147;MFC.PR.I&#148;, &#147;MFC.PR.J&#148;, &#147;MFC.PR.K&#148;, &#147;MFC.PR.L&#148;, &#147;MFC.PR.M&#148;, &#147;MFC.PR.N&#148;,
&#147;MFC.PR.O&#148;, and &#147;MFC.PR.R&#148;, respectively. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Trading Price and Volume </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following table sets out the <FONT STYLE="white-space:nowrap">intra-day</FONT> price range and trading volume of the Common Shares on the TSX and the NYSE
for the period indicated. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">23 </P>


<p Style='page-break-before:always'>
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<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="67%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>TSX</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>NYSE</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:16.00pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>2017</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>High<BR>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Low<BR>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Volume</B><br><B>(000s)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>High<BR>(U.S.$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Low<BR>(U.S.$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Volume</B><br><B>(000s)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">January</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.92</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">77,877</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.51</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.83</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12,229</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">February</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">103,022</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.92</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,094</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">March</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">127,948</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.56</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.72</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19,486</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">April</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.61</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">83,700</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.87</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.90</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,331</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">May</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.87</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.62</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">93,276</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.63</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.796</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">June</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.64</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.04</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">104,285</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.94</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.07</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17,595</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.07</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">68,765</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.84</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.65</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,731</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">August</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.08</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">61,894</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.72</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,736</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">September</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.41</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">70,404</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,873</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">October</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74,416</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.85</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.05</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11,882</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">November</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27.54</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.04</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">56,679</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.70</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13,693</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">December</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27.25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.99</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51,045</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.48</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10,817</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following tables set out the <FONT STYLE="white-space:nowrap">intra-day</FONT> price range and trading volume of the
Class&nbsp;A Shares Series 2 and Series 3 preferred shares and the Class&nbsp;1 Shares Series 3, Series 4, Series 5, Series 7, Series 9, Series 11, Series 13, Series 15, Series 17, Series 19, Series 21 and Series 23 preferred shares on the TSX for
the period indicated. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>TSX&nbsp;&#150;&nbsp;Class&nbsp;A&nbsp;Shares&nbsp;Series&nbsp;2</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>TSX&nbsp;&#150;&nbsp;Class&nbsp;A&nbsp;Shares&nbsp;Series&nbsp;3</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:16.00pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>2017</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>High<BR>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Low</B><br><B>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Volume</B><br><B>(000s)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>High</B><br><B>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Low</B><br><B>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Volume</B><br><B>(000s)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">January</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.76</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">143</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">204</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">February</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.69</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">213</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.60</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.78</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">123</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">March</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.62</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.91</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">203</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.71</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.87</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">187</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">April</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.97</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">141</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.98</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">133</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">May</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.83</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">119</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.96</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">141</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">June</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.74</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.87</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">111</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">166</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.55</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">107</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">August</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.74</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.08</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.48</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">138</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">September</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.76</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">115</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.82</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.04</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">128</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">October</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.05</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">105</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">126</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">November</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.37</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.66</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">167</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.55</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.86</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">158</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">December</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">103</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.41</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.69</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">138</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>TSX&nbsp;&#150;&nbsp;Class&nbsp;1&nbsp;Shares&nbsp;Series&nbsp;3</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>TSX&nbsp;&#150;&nbsp;Class&nbsp;1&nbsp;Shares&nbsp;Series&nbsp;4</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:16.00pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>2017</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>High<BR>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Low</B><br><B>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Volume</B><br><B>(000s)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>High</B><br><B>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Low</B><br><B>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Volume</B><br><B>(000s)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">January</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14.32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">192</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14.90</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13.99</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">February</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.71</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14.90</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">170</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14.16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">March</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.94</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14.95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">255</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14.39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">April</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.04</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">166</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.74</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">93</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">May</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.72</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14.89</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">393</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14.64</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">63</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">June</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">203</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.96</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.65</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.82</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.08</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">346</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">August</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.29</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">109</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15.04</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">September</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.68</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">305</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.81</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16.82</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">October</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.62</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">114</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">November</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.93</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">82</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.62</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">December</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.79</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">195</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.86</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">24 </P>


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<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
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<TD></TD>
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<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>TSX&nbsp;&#150;&nbsp;Class&nbsp;1&nbsp;Shares&nbsp;Series&nbsp;5</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>TSX&nbsp;&#150;&nbsp;Class&nbsp;1&nbsp;Shares&nbsp;Series&nbsp;7</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:16.00pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>2017</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>High<BR>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Low</B><br><B>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Volume</B><br><B>(000s)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>High</B><br><B>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Low</B><br><B>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Volume</B><br><B>(000s)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">January</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.85</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">473</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.85</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">178</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">February</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.84</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">190</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.64</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">568</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">March</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.67</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.76</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">263</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.78</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.59</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">447</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">April</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.74</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">133</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.56</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">377</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">May</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.81</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.59</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">182</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.07</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">280</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">June</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.27</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.92</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">165</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.44</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">229</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.63</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.78</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">173</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.66</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">108</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">August</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">112</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">182</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">September</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.92</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">215</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.61</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">164</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">October</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.67</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">143</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.03</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">239</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">November</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.91</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">103</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.97</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.90</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">184</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">December</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.86</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">136</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.44</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">106</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>TSX&nbsp;&#150;&nbsp;Class&nbsp;1&nbsp;Shares&nbsp;Series&nbsp;9</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>TSX&nbsp;&#150;&nbsp;Class&nbsp;1&nbsp;Shares&nbsp;Series&nbsp;11</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:16.00pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>2017</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>High<BR>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Low</B><br><B>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Volume</B><br><B>(000s)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>High</B><br><B>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Low</B><br><B>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Volume</B><br><B>(000s)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">January</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.84</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">299</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.62</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">282</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">February</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">745</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.29</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">124</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">March</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">295</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">101</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">April</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.70</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">306</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.66</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.61</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">101</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">May</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.05</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">237</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.77</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">105</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">June</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.94</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">257</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.66</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">114</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.48</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.70</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">265</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.07</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">August</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.51</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">525</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">107</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">September</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.94</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">208</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.89</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.85</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">October</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">311</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.60</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">November</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.91</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">225</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.77</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">76</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">December</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">148</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.78</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">97</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>TSX&nbsp;&#150;&nbsp;Class&nbsp;1&nbsp;Shares&nbsp;Series&nbsp;13</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>TSX&nbsp;&#150;&nbsp;Class&nbsp;1&nbsp;Shares&nbsp;Series&nbsp;15</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:16.00pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>2017</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>High<BR>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Low</B><br><B>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Volume</B><br><B>(000s)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>High</B><br><B>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Low</B><br><B>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Volume</B><br><B>(000s)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">January</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">287</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.80</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">136</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">February</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.77</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">206</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.80</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">81</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">March</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.76</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">187</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.55</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.55</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">198</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">April</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.78</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">234</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.89</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.70</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">237</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">May</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.61</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">82</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.03</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">69</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">June</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.84</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18.06</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">153</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.60</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17.67</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">130</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">119</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">August</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.08</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">104</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.74</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">261</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">September</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">86</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.62</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.70</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">342</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">October</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.62</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">118</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">143</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">November</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.90</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.93</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">219</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">December</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.04</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">134</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.65</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">88</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">25 </P>


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<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
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<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>TSX&nbsp;&#150;&nbsp;Class&nbsp;1&nbsp;Shares&nbsp;Series&nbsp;17</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>TSX&nbsp;&#150;&nbsp;Class&nbsp;1&nbsp;Shares&nbsp;Series&nbsp;19</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:16.00pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>2017</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>High<BR>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Low</B><br><B>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Volume</B><br><B>(000s)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>High</B><br><B>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Low</B><br><B>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Volume</B><br><B>(000s)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">January</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.46</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.01</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">419</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.74</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">123</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">February</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.55</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">176</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">118</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">March</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.27</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.07</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">378</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">253</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">April</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">199</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.52</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">93</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">May</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.92</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">279</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.06</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20.51</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">131</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">June</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.80</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">296</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.37</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19.14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">308</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.76</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.88</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">211</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.04</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">133</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">August</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.83</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">114</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.72</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">September</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.51</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">135</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21.75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">64</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">October</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.44</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">155</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">320</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">November</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24.07</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.51</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">127</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.82</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">192</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">December</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.58</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">125</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23.35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22.27</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">142</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>TSX&nbsp;&#150;&nbsp;Class&nbsp;1&nbsp;Shares&nbsp;Series&nbsp;21</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="10" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>TSX&nbsp;&#150;&nbsp;Class&nbsp;1&nbsp;Shares&nbsp;Series&nbsp;23</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:16.00pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>2017</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>High<BR>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Low</B><br><B>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Volume</B><br><B>(000s)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>High</B><br><B>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Low</B><br><B>(C$)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Volume</B><br><B>(000s)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">January</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27.14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">225</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.82</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.08</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,837</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">February</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27.28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.51</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">191</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.86</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,210</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">March</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27.10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.62</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">209</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.56</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,124</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">April</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27.62</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.94</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">173</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.83</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">720</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">May</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27.45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.60</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">210</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.05</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1,210</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">June</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27.11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.42</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">601</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.90</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.44</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">860</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27.25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.75</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">560</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.97</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">315</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">August</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27.20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.62</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">394</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.98</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">460</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">September</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27.08</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">444</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.95</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.65</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">411</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">October</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27.00</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.73</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">242</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.74</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">555</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">November</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27.17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.69</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">403</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.03</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">430</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">December</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.89</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">157</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26.35</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25.18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">184</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="ex99_3489903_15"></A>LEGAL PROCEEDINGS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Two class actions against the Company were certified and pending in Quebec and Ontario. The actions were based on allegations that the Company failed to meet
its disclosure obligations related to its exposure to market price risk in its segregated funds and variable annuity guaranteed products. On January&nbsp;31, 2017, the Company announced that it had reached an agreement to settle both of these class
actions for a total payment of $69&nbsp;million. The entire payment was covered by insurance and the Company made no admission of liability. In 2017, the settlement agreement was approved by both the Ontario and Quebec Courts and the settlement
proceeds were transmitted to the plaintiffs, and this matter was closed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On July&nbsp;13, 2017, the Ontario Securities Commission (&#147;OSC&#148;)
approved a <FONT STYLE="white-space:nowrap">no-contest</FONT> settlement agreement with Manulife Securities Incorporated and Manulife Securities Investment Services Inc. (together, &#147;Manulife Securities&#148;). The settlement relates to
inadequacies in Manulife Securities&#146; systems of controls and supervision, which resulted in certain clients paying, directly or indirectly, excess fees. Manulife Securities self-reported the matter and there was no allegation or evidence of
dishonest conduct by the OSC.&nbsp;Manulife Securities agreed to compensate clients a total of $11.7&nbsp;million, including opportunity costs on fees. In addition, Manulife Securities paid the OSC $495,000 to help advance its mandate of protecting
investors, as well as $25,000 in costs. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Additional information about certain legal and regulatory proceedings to which the Company is a party can be
found in the section entitled &#147;Legal and Regulatory Proceedings&#148; in our 2017 MD&amp;A. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">26 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>DIRECTORS AND EXECUTIVE OFFICERS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>DIRECTORS </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
<FONT STYLE="white-space:nowrap">by-laws</FONT> of MFC provide that the Board shall consist of a minimum of seven and a maximum of 30 Directors, with the exact number of Directors to be elected at any annual meeting of MFC to be fixed by the
Directors prior to such annual meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following table sets forth the Directors of MFC, as of the date of this AIF, and for each Director, their
province or state and country of residence, principal occupation, years as a director and membership on board committees. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Each Director is elected for a
term of one year, expiring at the close of the next annual meeting of the Company. The next annual meeting will occur on May&nbsp;3, 2018. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman"><B>Name and</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Residence</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Principal Occupation</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Director Since</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Board&nbsp;Committee<BR>Membership<SUP
STYLE="font-size:85%; vertical-align:top"></SUP></B><SUP STYLE="font-size:85%; vertical-align:top"></SUP><FONT STYLE="font-size:5pt"><SUP STYLE="font-size:85%; vertical-align:top">(1)<B></B></SUP><B></B></FONT></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Richard B. DeWolfe,</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Massachusetts, United
States</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Chairman of the Board, MFC and&nbsp;Manufacturers&nbsp;Life <SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Managing Partner, DeWolfe&nbsp;&amp; Company LLC (consulting firm)<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">April 2004</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">CGNC&nbsp;<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Roy Gori</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Ontario, Canada</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">President and Chief Executive</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Officer, MFC and
Manufacturers Life<SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">October 2017</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">N/A<SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ronalee H. Ambrose</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Alberta, Canada</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Corporate Director<SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">September 2017</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">MRCC</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Risk</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Joseph P. Caron</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">British Columbia,
Canada</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">President, Joseph Caron Incorporated (consulting firm)<SUP STYLE="font-size:85%; vertical-align:top">(7)</SUP></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">October 2010</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">CGNC<BR>(Chair)</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">MRCC</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">John M. Cassaday</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Ontario, Canada</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Corporate Director and Vice Chair of the Board, MFC and Manufacturers Life<SUP STYLE="font-size:85%; vertical-align:top"> (8)</SUP></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">April 1993</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">CGNC</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">MRCC<BR>(Chair)</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Susan F. Dabarno</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Ontario, Canada</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Corporate Director</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">March 2013</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Audit</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">MRCC</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Sheila S. Fraser</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Ontario, Canada</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Corporate Director</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">November&nbsp;2011</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Audit<BR>(Chair)</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Risk</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Luther S. Helms</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Arizona, United States</P></TD>

<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Founder and Advisor, Sonata Capital Group (investment&nbsp;advisory&nbsp;firm)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">May 2007</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Audit</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">CGNC</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">Tsun-yan</FONT> Hsieh</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Singapore</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chairman, LinHart Group Pte Ltd. (consulting firm)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">October 2011</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">MRCC</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">P. Thomas Jenkins</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Cambridgeshire,
United&nbsp;Kingdom</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chairman, OpenText Corporation (enterprise information management company)<SUP STYLE="font-size:85%; vertical-align:top">(9)</SUP></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">March 2015</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Audit</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Risk</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pamela O. Kimmet</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Georgia, United
States</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chief Human Resources Officer, Cardinal Health, Inc. (health&nbsp;care&nbsp;services company)<SUP STYLE="font-size:85%; vertical-align:top">(10)</SUP></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">March 2016</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">MRCC</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Risk</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Donald R. Lindsay</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">British Columbia,
Canada</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">President and Chief Executive Officer, Teck Resources Limited (diversified resources company)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">August 2010</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Risk</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">John R.V. Palmer</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Ontario, Canada</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Corporate Director</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">November&nbsp;2009</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Audit</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Risk</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">C. James Prieur</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Illinois, United
States</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Corporate Director</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">January 2013</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">MRCC</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Risk<BR>(Chair)</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Andrea S. Rosen</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Ontario, Canada</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Corporate Director</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">August 2011</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Audit</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">CGNC</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Lesley D. Webster</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Florida, United
States</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">President, Daniels Webster Capital Advisors (enterprise&nbsp;risk&nbsp;management consulting firm)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">October 2012</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">MRCC</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Risk</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Notes: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">In this table, Audit means Audit Committee, CGNC means Corporate Governance and Nominating Committee, MRCC means Management Resources and Compensation Committee, and Risk means Risk Committee. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">Richard DeWolfe was appointed Chairman of the Board on May&nbsp;2, 2013. Prior to May 2013, Mr.&nbsp;DeWolfe was Vice-Chair of the Board, a position he had held since December&nbsp;1, 2012. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Mr.&nbsp;DeWolfe served as an independent director of Avantair, Inc. (Avantair) between 2009 and August 2013. On
July&nbsp;25, 2013, an involuntary petition under chapter 7 of title 11 of the United States Code (Bankruptcy Code) was filed in the United States Bankruptcy Court for the Middle District of Florida, Tampa Division (the Bankruptcy Court) against
Avantair (Case </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">27 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
<FONT STYLE="white-space:nowrap">No.&nbsp;13-09719).</FONT> On August&nbsp;16, 2013, the Bankruptcy Court entered an order for relief under chapter 7 of the Bankruptcy Code. Sales of certain
assets have been authorized and proceeds from the sales have been distributed. The chapter 7 trustee has asserted claims against the former officers, directors and certain employees of Avantair, including Mr.&nbsp;DeWolfe (the Avantair Parties). The
trustee has not commenced litigation against any of the independent directors. In April 2015, the Avantair Parties participated in a court-ordered <FONT STYLE="white-space:nowrap">pre-suit</FONT> mediation with the chapter 7 trustee along with
various plaintiffs who had asserted claims against various Avantair Parties in multiple jurisdictions. The majority of these claims do not involve the independent directors of Avantair. The chapter 7 trustee reached an agreement with the Avantair
Parties to resolve the trustee&#146;s threatened claims in exchange for a settlement payment of US$8&nbsp;million and relinquishment of certain competing claims in the bankruptcy. The independent directors are not funding any portion of the
$8&nbsp;million payment. An evidentiary hearing for approval of the settlement by the Bankruptcy Court was conducted from January&nbsp;22 through January&nbsp;27, 2016. On November&nbsp;18, 2016, the Bankruptcy Court approved the settlement, thereby
ending the bankruptcy proceeding. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top">Mr.&nbsp;DeWolfe is a member of the CGNC. However, in his capacity as Chairman, Mr.&nbsp;DeWolfe attends the meetings of all committees whenever possible. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top">Roy Gori is not a member of any committee but attends committee meetings at the invitation of the Chairman. From June&nbsp;5 to October&nbsp;1, 2017, Roy Gori was President. From March 2015 to June&nbsp;5, 2017 he was
Senior Executive Vice President and General Manager, Asia. Prior to March 2015, he was Regional Head of Retail Banking, Asia Pacific/Head of Consumer Banking North Asia and Australia with Citigroup Pty Ltd. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(6)</TD>
<TD ALIGN="left" VALIGN="top">Prior to July&nbsp;4, 2017, Ronalee Ambrose was a Member of Parliament of Canada and the former Leader of Canada&#146;s Official Opposition in the House of Commons and a former leader of the Conservative Party of
Canada. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(7)</TD>
<TD ALIGN="left" VALIGN="top">From 2010 to 2013 Joseph Caron was a member of HB Global Advisors Corporation, the international consulting firm of Heenan Blaikie LLP. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(8)</TD>
<TD ALIGN="left" VALIGN="top">Prior to March 2015, John Cassaday was President and Chief Executive Officer, Corus Entertainment Inc., a broadcasting company. Mr.&nbsp;Cassaday was appointed Vice Chair of the Board on December&nbsp;7, 2017.
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(9)</TD>
<TD ALIGN="left" VALIGN="top">Prior to 2013, Thomas Jenkins was Chief Strategy Officer of OpenText Corporation. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(10)</TD>
<TD ALIGN="left" VALIGN="top">Prior to July 2016, Pamela Kimmet was Senior Vice President, Human Resources, Coca-Cola Enterprises Inc., a publicly traded beverage marketer, producer, and distributor. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>EXECUTIVE OFFICERS </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The name, province or state and
country of residence, and position of each of the executive officers of Manulife are set forth in the following table as of January&nbsp;1, 2018. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="47%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="51%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:71.10pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>Name and Residence</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Position with Manulife</B></P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Roy Gori</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ontario, Canada</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">President and Chief Executive Officer<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Michael J. Doughty</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ontario, Canada</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">President and Chief Executive Officer, Manulife Canada<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Steven A. Finch</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Massachusetts, United States</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Chief Actuary<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Gregory A. Framke</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">New Jersey, United States</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Executive Vice President, Chief Information Officer<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">James D. Gallagher</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Massachusetts, United States</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Executive Vice President and General Counsel<SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Gretchen H. Garrigues</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Massachusetts, United States</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Executive Vice President, Global Chief Marketing Officer<SUP STYLE="font-size:85%; vertical-align:top">(6)</SUP></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Marianne Harrison</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Massachusetts, United States</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">President and Chief Executive Officer, John Hancock<SUP STYLE="font-size:85%; vertical-align:top">(7)</SUP></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Scott S. Hartz</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Massachusetts, United States</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Executive Vice President, General Account Investments</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Rahim Hirji</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ontario, Canada</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Executive Vice President and Chief Risk Officer</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Naveed Irshad</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ontario, Canada</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Head, North America Legacy Business<SUP STYLE="font-size:85%; vertical-align:top">(8)</SUP></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Patricia D. Johns</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ontario, Canada</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Interim Head of Human Resources<SUP STYLE="font-size:85%; vertical-align:top">(9)</SUP></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Stephani E. Kingsmill</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ontario, Canada</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Senior Advisor to the Chief Executive Officer<SUP STYLE="font-size:85%; vertical-align:top">(10)</SUP></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Paul. R. Lorentz</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ontario, Canada</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Head, Global Wealth and Asset Management<SUP STYLE="font-size:85%; vertical-align:top">(11)</SUP></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Linda P. Mantia</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ontario, Canada</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Senior Executive Vice President and Chief Operating Officer<SUP STYLE="font-size:85%; vertical-align:top">(12)</SUP></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">28 </P>


<p Style='page-break-before:always'>
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<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Timothy W. Ramza</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Massachusetts, United States</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Executive Vice President and Chief Innovation Officer<SUP STYLE="font-size:85%; vertical-align:top">(13)</SUP></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Warren A. Thomson</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ontario, Canada</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Senior Executive Vice President and Chief Investment Officer</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Anil Wadhwani</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Hong Kong, Special Administrative Region of the People&#146;s Republic of China</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">President and Chief Executive Officer, Manulife Asia<SUP STYLE="font-size:85%; vertical-align:top">(14)</SUP></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Philip J. Witherington</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ontario, Canada</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Chief Financial Officer<SUP STYLE="font-size:85%; vertical-align:top">(15)</SUP></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Notes </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">From June&nbsp;5, 2017 to October&nbsp;1, 2017, Roy Gori was President. From March 2015 to June&nbsp;5, 2017 he was Senior Executive Vice President and General Manager, Asia. Prior to March 2015, he was Regional Head of
Retail Banking, Asia Pacific/Head of Consumer Banking North Asia and Australia with Citigroup Pty Ltd. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">From May&nbsp;24, 2017 to October&nbsp;1, 2017, Michael Doughty was Executive Vice President and Interim General Manager, U.S. Division. Prior to May&nbsp;24, 2017, he was Executive Vice President, John Hancock
Insurance, U.S. Division. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top">From April 2016 to January&nbsp;1, 2018, Steve Finch was Executive Vice President and Chief Actuary. Prior to April 2016, he was Executive Vice President and Chief Financial Officer &#150; U.S. Division, John Hancock
Financial Services. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top">Prior to January 2016, Gregory Framke was the Executive Vice President and Chief Operations Officer at E*Trade Financial Corp. including roles as Chief Operations Officer, Vice President Technology Strategy and Chief
Information Officer. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top">From October 2016 to December 2016, James Gallagher was Executive Vice President and Interim General Counsel. Prior to October 2016, Mr.&nbsp;Gallagher was Executive Vice President, General Counsel and Chief
Administrative Officer, U.S. Division. Prior to August 2012, Mr.&nbsp;Gallagher was Executive Vice President, Global Compliance. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(6)</TD>
<TD ALIGN="left" VALIGN="top">From June 2014 to August 2016, Gretchen Garrigues was Senior Vice President and Chief Marketing Officer, First Data Corp. Prior to June 2014, Ms.&nbsp;Garrigues was Senior Managing Director, Global Strategic Marketing,
GE Capital. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(7)</TD>
<TD ALIGN="left" VALIGN="top">From January 2013 to October&nbsp;1, 2017, Marianne Harrison was Senior Executive Vice President and General Manager, Canadian Division. Prior to January 2013, she was Executive Vice President and General Manager of
John Hancock Long-Term Care Insurance. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(8)</TD>
<TD ALIGN="left" VALIGN="top">From May 2014 to January&nbsp;1, 2018, Naveed Irshad was Senior Vice President and General Manager, Manulife Singapore. Prior to May 2014, he was Senior Vice President, Global Accounts at Reinsurance Group of America,
Incorporated. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(9)</TD>
<TD ALIGN="left" VALIGN="top">Prior to January&nbsp;1, 2018, Patricia Johns was Senior Vice President, Global Human Resources Shared Services. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(10)</TD>
<TD ALIGN="left" VALIGN="top">Prior to January&nbsp;1, 2018, Stephani Kingsmill was Executive Vice President, Human Resources. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(11)</TD>
<TD ALIGN="left" VALIGN="top">Prior to October&nbsp;1, 2017, Paul Lorentz was Executive Vice President and General Manager Retail (Individual Life and Wealth Management (Canadian Division)). </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(12)</TD>
<TD ALIGN="left" VALIGN="top">Prior to October 2016, Linda Mantia was Executive Vice President of Digital, Payments and Cards, Royal Bank of Canada. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(13)</TD>
<TD ALIGN="left" VALIGN="top">Prior to November 2015, Timothy Ramza was Senior Vice President, Wealth Management Strategy and Business Development. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(14)</TD>
<TD ALIGN="left" VALIGN="top">From July 2016 to November&nbsp;13, 2017, Anil Wadhwani was Global Consumer Bank Operations Head at Citibank N.A. Prior to July 2016, he was Chief Executive Officer, Consumer and Commercial Bank, EMEA at Citibank N.A.
</TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(15)</TD>
<TD ALIGN="left" VALIGN="top">From June 2017 to January&nbsp;1, 2018, Philip Witherington was Executive Vice President and Interim General Manager, Asia. From May 2014 to June 2017, he was Executive Vice President, Chief Financial Officer, Asia
Division. Prior to May 2014, he was Asia Pacific Head of Business Finance, Retail Banking and Wealth Management at The Hong Kong and Shanghai Bank Corporation Limited. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SHARE OWNERSHIP </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The number of Common Shares held by
Directors and executive officers of MFC as at December&nbsp;31, 2017 was 450,850, which represented less than 1% of the outstanding Common Shares. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">29 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TRANSFER AGENT AND REGISTRAR </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">AST Trust Company (Canada) is the principal transfer agent and registrar for MFC&#146;s Common Shares. MFC&#146;s transfer agents and <FONT
STYLE="white-space:nowrap">co-transfer</FONT> agents are as follows (opposite their applicable jurisdictions): </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Transfer Agent </U></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="88%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Canada:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">AST Trust Company (Canada)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">P.O. Box 700, Station B</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Montreal, Quebec, Canada, H3B 3K3</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Toll Free: <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-800-783-9495</FONT></FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><U><FONT STYLE="white-space:nowrap">www.astfinancial.com/ca-en</FONT></U></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><U><FONT STYLE="white-space:nowrap">www.astfinancial.com/ca-fr</FONT></U></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><U><FONT STYLE="white-space:nowrap">Co-Transfer</FONT> Agents</U></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">United&nbsp;States:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">American Stock Transfer&amp; Trust Company, LLC</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">P.O. Box 199036</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Brooklyn, NY 11219</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Toll Free: <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-800-249-7702</FONT></FONT></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><U>www.astfinancial.com</U></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Philippines:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Rizal Commercial Banking Corporation</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Ground Floor, West Wing</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">GPL (Grepalife) Building</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">221 Senator Gil Puyat Avenue</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Makati City, Philippines</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Telephone: 632 318 8567</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><U>www.rcbc.com</U></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Hong Kong:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Tricor Investor Services Limited</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Level&nbsp;22, Hopewell Centre</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">183 Queen&#146;s Road East</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Hong Kong</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Telephone: 852 2980-1333</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><U>www.tricorglobal.com</U></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="ex99_3489903_18"></A>INTERESTS OF EXPERTS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ernst&nbsp;&amp; Young LLP, Chartered Professional Accountants, Licensed Public Accountants, Toronto, Canada, is the external auditor who prepared the
Independent Auditors&#146; Report of Registered Public Accounting Firm to the Shareholders on the audited consolidated financial statements of the Company and the Independent Auditors&#146; Report of Registered Public Accounting Firm on Internal
Control under Standards of the Public Company Accounting Oversight Board (United States). Ernst&nbsp;&amp; Young LLP is independent with respect to the Company within the meaning of the CPA Code of Professional Conduct of the Chartered Professional
Accountants of Ontario, United States federal securities laws and the rules and regulations thereunder, including the independence rules adopted by the SEC pursuant to the Sarbanes-Oxley Act of 2002 (&#147;SOX&#148;) and<B> </B>is in compliance with
Rule 3520 of the Public Company Accounting Oversight Board (United States). </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="ex99_3489903_19"></A>AUDIT COMMITTEE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Audit Committee Charter </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Audit Committee has adopted
a formal Charter that describes the Audit Committee&#146;s role and responsibilities. The Charter is set out in the attached Schedule 1. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">30 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Audit Committee is responsible for assisting the Board in its oversight role with respect to the quality and
integrity of financial information, the effectiveness of the Company&#146;s internal control over financial reporting, the effectiveness of the Company&#146;s risk management and compliance practices, the performance, qualifications and independence
of the independent auditor, the Company&#146;s compliance with legal and regulatory requirements, the performance of the Company&#146;s finance, actuarial, internal audit and global compliance functions, and the procedures relating to conflicts of
interest, confidential information, related party transactions, and customer complaints.<B> </B> </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Composition of the Audit Committee in 2017 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">MFC&#146;s Audit Committee was composed of the following members in 2017: Sheila Fraser (Chair of the Audit Committee), Susan Dabarno, Luther Helms, Thomas
Jenkins, John Palmer and Andrea Rosen. The Board has reviewed the committee membership and determined that all members are financially literate as required by the NYSE Listed Company Manual and the applicable instruments of the Canadian Securities
Administrators. All committee members are independent, pursuant to applicable regulatory and stock exchange requirements. The Board has also determined that all current members have the necessary qualifications to be designated as audit committee
financial experts under SOX. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Relevant Education and Experience </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In addition to the general business experience of each member of the Audit Committee, the relevant education and experience of each member of MFC&#146;s Audit
Committee in 2017 is as follows: Sheila Fraser holds a B. Comm from McGill University and is a Chartered Professional Accountant. Ms.&nbsp;Fraser is a former partner at Ernst&nbsp;&amp; Young LLP and former Auditor General of Canada. Susan Dabarno
holds a Class&nbsp;II Diploma from McGill University and is a Chartered Professional Accountant. Ms.&nbsp;Dabarno previously served as Executive Chair of Richardson Partners Financial Limited, as President and Chief Executive Officer of Richardson
Partners Financial Limited and as President and Chief Operating Officer of Merrill Lynch Canada Inc. Luther Helms holds a BA from the University of Arizona and an MBA from the University of Santa Clara. Mr.&nbsp;Helms is the Founder and Advisor of
Sonata Capital Group and previously served as Vice Chairman of KeyBank West and as Vice Chairman of Bank of America Corporation. Thomas Jenkins holds an MBA from the Schulich School of Business at York University, an MASc from the University of
Toronto and a BEng&nbsp;&amp; Mgt. from McMaster University. Mr.&nbsp;Jenkins is Chairman of the Board of OpenText Corporation and previously served as Chief Strategy Officer and as President and Chief Executive Officer of OpenText
Corporation.&nbsp;&nbsp;&nbsp;&nbsp;John Palmer holds a BA from the University of British Columbia, is a Chartered Professional Accountant and is the former Deputy Chairman and Managing Partner of KPMG LLP (Canada) and the former Superintendent of
OSFI. Andrea Rosen holds a BA from Yale University, an LLB from Osgoode Hall Law School and an MBA from the Schulich School of Business at York University. Ms.&nbsp;Rosen previously served as Vice Chair of TD Bank Financial Group and as President of
TD Canada Trust. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><FONT STYLE="white-space:nowrap">Pre-Approval</FONT> Policies and Procedures </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">All audit and permitted <FONT STYLE="white-space:nowrap">non-audit</FONT> services to be provided by our independent auditor must be <FONT
STYLE="white-space:nowrap">pre-approved</FONT> pursuant to the Auditor Independence Policy (the &#147;Policy&#148;). Under the Policy, the Audit Committee annually reviews and <FONT STYLE="white-space:nowrap">pre-approves</FONT> recurring audit and
permitted <FONT STYLE="white-space:nowrap">non-audit</FONT> services that are identifiable together with a budget for each type of permitted services for the coming year. The Policy also requires that any audit or permitted <FONT
STYLE="white-space:nowrap">non-audit</FONT> services that are proposed during the year outside of the previously approved categories or in excess of the <FONT STYLE="white-space:nowrap">pre-approved</FONT> budget be
<FONT STYLE="white-space:nowrap">pre-approved</FONT> by the Audit Committee, or by a member of the Audit Committee appointed by the Audit Committee and acting on its behalf. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">All audit and permitted <FONT STYLE="white-space:nowrap">non-audit</FONT> services provided by Ernst&nbsp;&amp; Young LLP have been <FONT
STYLE="white-space:nowrap">pre-approved</FONT> by the Audit Committee. The Audit Committee has reviewed these services to ensure that they are compatible with maintaining the auditor&#146;s independence. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>External Auditor Service Fees </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The table below sets out
the fees charged by Ernst&nbsp;&amp; Young LLP for services rendered to Manulife and its subsidiaries in each of the past two fiscal years. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">31 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:15.10pt; display:inline; font-size:8pt; font-family:Times New Roman; "><B>Fees</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2017</B><br><B>($&nbsp;in&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>2016</B><br><B>($&nbsp;in&nbsp;millions)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Audit Fees:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Includes the audit of our financial statements as well as the financial statements of our
subsidiaries, segregated funds, audits of statutory filings, prospectus services, report on internal controls, reviews of quarterly reports and regulatory filings.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28.9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Audit-Related Fees:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Includes consultation concerning financial accounting and reporting standards not classified as
audit, due diligence in connection with proposed or consummated transactions and assurance services to report on internal controls for third parties.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2.2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Tax Fees:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Includes tax compliance, tax planning and tax advice services.</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>All Other Fees:</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Includes other advisory services.</P>
<P STYLE="font-size:4pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0.4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>Total</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>32.3</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><B>&nbsp;</B></TD>
<TD VALIGN="bottom" ALIGN="right"><B>33.2</B></TD>
<TD NOWRAP VALIGN="bottom"><B>&nbsp;</B></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="ex99_3489903_20"></A>PERFORMANCE AND <FONT STYLE="white-space:nowrap">NON-GAAP</FONT> MEASURES
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We use a number of <FONT STYLE="white-space:nowrap">non-GAAP</FONT> financial measures to measure overall performance and to assess each of our
businesses. A financial measure is considered a <FONT STYLE="white-space:nowrap">non-GAAP</FONT> measure for Canadian securities law purposes if it is presented other than in accordance with Canadian generally accepted accounting principles used for
the Company&#146;s audited historical financial statements. <FONT STYLE="white-space:nowrap">Non-GAAP</FONT> measures referenced in this AIF include: Constant Currency Basis. <FONT STYLE="white-space:nowrap">Non-GAAP</FONT> financial measures are
not defined terms under GAAP and, therefore, are unlikely to be comparable to similar terms used by other issuers. Therefore, they should not be considered in isolation or as a substitute for any other financial information prepared in accordance
with GAAP. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">For descriptions of the <FONT STYLE="white-space:nowrap">non-GAAP</FONT> financial measures referred to above and reconciliations of certain <FONT
STYLE="white-space:nowrap">non-GAAP</FONT> financial measures to the most directly comparable measure calculated in accordance with GAAP, see &#147;Performance and <FONT STYLE="white-space:nowrap">Non-GAAP</FONT> Measures&#148; in our 2017 MD&amp;A.
</P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><A NAME="ex99_3489903_21"></A>ADDITIONAL INFORMATION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Additional information with respect to the Company, including directors&#146; and officers&#146; remuneration and indebtedness, and securities authorized for
issuance under MFC&#146;s equity compensation plans, where applicable, is contained in MFC&#146;s Management Information Circular for its most recent annual meeting of security holders that involved the election of directors. Additional financial
information is provided in our 2017 Consolidated Financial Statements and our 2017 MD&amp;A. Copies of these documents and additional information relating to the Company may be found on SEDAR at <U>www.sedar.com</U> and is accessible at the
Company&#146;s website, <U>www.manulife.com</U>. Requests for materials may be sent to the Shareholder Services Department of Manulife at 200 Bloor Street East, <FONT STYLE="white-space:nowrap">NT-10,</FONT> Toronto, Canada M4W 1E5. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">32 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SCHEDULE 1 &#150; AUDIT COMMITTEE CHARTER </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Manulife Financial Corporation (the &#147;Company&#148;) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Audit Committee Charter (December 2017) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Overall Role and Responsibility</U> </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.1</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B>The Audit Committee (&#147;Committee&#148;) shall: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">assist the Board of Directors in its oversight role with respect to: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">the quality and integrity of financial information; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">the effectiveness of the Company&#146;s internal control over financial reporting; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">the effectiveness of the Company&#146;s risk management and compliance practices; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top">the independent auditor&#146;s performance, qualifications and independence; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(v)</TD>
<TD ALIGN="left" VALIGN="top">the Company&#146;s compliance with legal and regulatory requirements; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(vi)</TD>
<TD ALIGN="left" VALIGN="top">the Finance, Actuarial, Internal Audit and Global Compliance functions;<B> </B> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(vii)</TD>
<TD ALIGN="left" VALIGN="top">conflicts of interest and confidential information; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(viii)</TD>
<TD ALIGN="left" VALIGN="top">related party transactions; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ix)</TD>
<TD ALIGN="left" VALIGN="top">complaints of customers relating to obligations under the <I>Insurance Companies Act</I> (Canada) (the &#147;Act&#148;), and accounting, internal accounting controls and audit matters. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">prepare such reports of the Committee required to be included in the Proxy Circular in accordance with applicable laws or the rules of applicable securities regulatory authorities. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.2</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B>The Committee will also act as the conduct review committee of the Company. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Structure and Composition</U> </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.1</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B>The Committee shall consist of five or more Directors appointed by the Board of Directors on the recommendation of the Corporate Governance and Nominating Committee. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.2</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B>No member of the Committee shall be an officer or employee of the Company, its subsidiaries or affiliates. Members of the Committee will not be affiliated with the Company as such term is defined in the Act.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.3</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B>Each member of the Committee shall satisfy the applicable independence and experience requirements of the laws governing the Company, the applicable stock exchanges on which the Company&#146;s securities are
listed and applicable securities regulatory authorities. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.4</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B>The Board of Directors shall designate one member of the Committee as the Committee Chair. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.5</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B>Members of the Committee shall serve at the pleasure of the Board of Directors for such term or terms as the Board of Directors may determine. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.6</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B>Each member of the Committee shall be financially literate as such qualification is defined by applicable law and interpreted by the Board of Directors in its business judgment. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.7</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B>The Board of Directors shall determine whether and how many members of the Committee qualify as a financial expert as defined by applicable law. At least one member must be an audit committee financial expert, as
defined in applicable laws and regulations. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>2.8</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B>The Committee shall annually determine whether any of its members serve on the audit committee of more than three public companies (including the Committee). If any of the Committee members fall into this
category, the Committee shall consider the ability of such members to effectively serve on the Committee and, if it is determined that such members are able to continue serving, the Committee shall record the reasons for such a decision.
</TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>3.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Structure, Operations and Assessment</U> </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>3.1</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B>The Committee shall meet quarterly or more frequently as the Committee may determine. The Committee shall report to the Board of Directors on its activities after each of its meetings. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">33 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>3.2</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B>The affirmative vote of a majority of the members of the Committee participating in any meeting of the Committee is necessary for the adoption of any resolution. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>3.3</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B>The Committee may create one or more subcommittees and may delegate, in its discretion, all or a portion of its duties and responsibilities to such subcommittees. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>3.4</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B>The Committee shall, on an annual basis: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">review and assess the adequacy of this Charter and, where necessary, recommend changes to the Board of Directors for its approval; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">undertake a performance evaluation of the Committee comparing the performance of the Committee with the requirements of this Charter; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">report the results of the performance evaluation to the Board of Directors. </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The performance
evaluation by the Committee shall be conducted in such manner as the Committee deems appropriate. The report to the Board of Directors may take the form of an oral report by the chair of the Committee or any other member of the Committee designated
by the Committee to make this report. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>3.5</B></TD>
<TD ALIGN="left" VALIGN="top"><B></B>The Committee is expected to establish and maintain free and open communication with management, the independent auditor, the internal auditor and the Appointed Actuary and shall periodically meet separately with
each of them. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>4.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Specific Duties</U> </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Committee will carry out the following specific duties: </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>4.1</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Oversight of the Independent Auditor </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">Recommend to the Board for approval the appointment and, when considered appropriate, the dismissal or removal of the independent auditor for the purpose of preparing or issuing an auditor&#146;s report or performing
other audit, review or attest services for the Company (subject to shareholder ratification). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Review and approve the scope and terms of all audit engagements and recommend to the Board the compensation of the independent auditor. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">Provide the oversight of the work of the independent auditor engaged for the purpose of preparing or issuing an audit report or performing other audit, review or attest services (including resolution of disagreements
between management and the independent auditor regarding financial reporting). The independent auditor shall report directly to the Committee. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="white-space:nowrap">Pre-approve</FONT> all audit services and permitted <FONT STYLE="white-space:nowrap">non-audit</FONT> services (including the fees, terms and conditions for the performance of such
services) to be provided by the independent auditor. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top">When appropriate, the Committee may delegate to one or more members the authority to grant preapprovals of audit and permitted <FONT STYLE="white-space:nowrap">non-audit</FONT> services and the full Committee shall be
informed of each <FONT STYLE="white-space:nowrap">non-audit</FONT> service. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(f)</TD>
<TD ALIGN="left" VALIGN="top">Review the decisions of such delegates under subsection (e)&nbsp;above, which shall be presented to the full Committee at its next scheduled meeting. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(g)</TD>
<TD ALIGN="left" VALIGN="top">Evaluate the qualifications, performance and independence of the independent auditor, including: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">reviewing and evaluating the lead partner on the independent auditor&#146;s engagement with the Company; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">considering whether the auditor&#146;s quality controls are adequate and the provision of permitted <FONT STYLE="white-space:nowrap">non-audit</FONT> services are compatible with maintaining the auditor&#146;s
independence; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">addressing any concerns raised by regulatory authorities or other stakeholders regarding the auditor&#146;s independence. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(h)</TD>
<TD ALIGN="left" VALIGN="top">Present its conclusions with respect to the independent auditor to the Board of Directors and, if so determined by the Committee, recommend that the Board of Directors take additional action to satisfy itself of the
qualifications, performance and independence of the independent auditor. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">Obtain and review a report from the independent auditor at least annually regarding: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">the independent auditor&#146;s internal quality-control procedures; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">any material issues raised by the most recent internal quality-control review, or peer review, of the firm, or by any inquiry or investigation by governmental or professional authorities within the preceding five years
respecting one or more independent audits carried out by the firm; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">any steps taken to deal with any such issues; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top">all relationships between the independent auditor and the Company. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">34 </P>


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<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(j)</TD>
<TD ALIGN="left" VALIGN="top">At least annually, review and approve the audit plan (including any significant changes to the audit plan) and, as part of this review, satisfy itself that the audit plan is risk-based and addresses all the relevant
activities over a measurable cycle and that the work of the independent auditor and Internal Audit is coordinated. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(k)</TD>
<TD ALIGN="left" VALIGN="top">Ensure the rotation of the lead (or coordinating) audit partner having primary responsibility for the audit and the audit partner responsible for reviewing the audit as required by law. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(l)</TD>
<TD ALIGN="left" VALIGN="top">Review and approve policies for the Company&#146;s hiring of partners and employees or former partners and employees of the independent auditor. </TD></TR></TABLE>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>4.2</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Financial Reporting </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">Review and discuss with management and the independent auditor the annual audited financial statements, the results of the audit, any changes to the audit scope or strategy, the annual report of the auditors on the
statements and any other returns or transactions required to be reviewed by the Committee and report to the Board of Directors prior to approval by the Board of Directors and the publication of earnings. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Review such returns of the Company as the Superintendent of Financial Institutions (Canada) (the &#147;Superintendent&#148;) may specify. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">Review and discuss with the independent auditor and with management the Company&#146;s annual and quarterly financial disclosures, including management&#146;s discussion and analysis. The Committee shall approve any
reports for inclusion in the Company&#146;s Annual Report, as required by applicable legislation and make a recommendation thereon to the Board. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Review the Company&#146;s disclosure policy, which governs the release of information about the Company and requires timely, accurate and fair disclosure of such information in compliance with all legal and regulatory
requirements, and periodically assess the adequacy of procedures regarding disclosure of financial information. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top">Require management to implement and maintain appropriate internal control procedures. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(f)</TD>
<TD ALIGN="left" VALIGN="top">Oversee systems of internal control and meet with the heads of the oversight functions, management and the independent auditors to assess the adequacy and effectiveness of these systems and to obtain reasonable
assurance that the controls are effective.<B> </B> </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(g)</TD>
<TD ALIGN="left" VALIGN="top">Review and discuss with management and the independent auditor management&#146;s report on its assessment of internal controls over financial reporting and the independent auditor&#146;s attestation report on
management&#146;s assessment. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(h)</TD>
<TD ALIGN="left" VALIGN="top">Review, evaluate and approve the procedures established under s. 4.2(e). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">Review such investments and transactions that could adversely affect the well-being of the Company as the auditor or any officer of the Company may bring to the attention of the Committee. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(j)</TD>
<TD ALIGN="left" VALIGN="top">Review and discuss with management and the independent auditor the Company&#146;s quarterly financial statements prior to the publication of earnings, including: </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">the results of the independent auditor&#146;s review of the quarterly financial statements; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">any matters required to be communicated by the independent auditor under applicable review standards. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(k)</TD>
<TD ALIGN="left" VALIGN="top">Review and discuss with management and the independent auditor at least annually significant financial reporting issues and judgments made in connection with the preparation of the Company&#146;s financial statements,
including: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">key areas of risk for material misstatement of the financial statements, including critical accounting estimates or areas of measurement uncertainty; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">whether the auditor considers estimates to be within an acceptable range and the rationale for the final valuation decision and whether it is consistent with industry practice; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">any significant changes in the Company&#146;s selection or application of accounting or actuarial principles; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top">any major issues as to the adequacy of the Company&#146;s internal controls; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(v)</TD>
<TD ALIGN="left" VALIGN="top">any special steps adopted in light of material control deficiencies, if any; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(vi)</TD>
<TD ALIGN="left" VALIGN="top">the role of any other audit firms. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(l)</TD>
<TD ALIGN="left" VALIGN="top">Review and discuss with management and the independent auditor at least annually reports from the independent auditor on: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top">critical accounting policies and practices to be used; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top">significant financial reporting issues, estimates and judgments made in connection with the preparation of the financial statements; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top">alternative treatments of financial information within generally accepted accounting principles that have been discussed with management, ramifications of the use of such alternative disclosures and treatments, and the
treatment preferred by the independent auditor; and </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">35 </P>


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<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(iv)</TD>
<TD ALIGN="left" VALIGN="top">other material written communications between the independent auditor and management, such as any management letter or schedule of unadjusted differences. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(m)</TD>
<TD ALIGN="left" VALIGN="top">Meet with the independent auditor to discuss the annual financial statements and any investments or transactions that may adversely affect the well-being of the Company. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(n)</TD>
<TD ALIGN="left" VALIGN="top">Discuss with the independent auditor at least annually any &#147;management&#148; or &#147;internal control&#148; letters issued or proposed to be issued by the independent auditor to the Company and review all material
correspondence between the independent auditor and management related to audit findings. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(o)</TD>
<TD ALIGN="left" VALIGN="top">Review and discuss with management and the independent auditor at least annually any significant changes to the Company&#146;s accounting and actuarial principles and practices suggested by the independent auditor,
internal audit personnel or management and assess whether the Company&#146;s accounting and actuarial practices are appropriate and within the boundaries of acceptable practice. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(p)</TD>
<TD ALIGN="left" VALIGN="top">Discuss with management and approve the Company&#146;s earnings press releases, the release of earnings projections, forecast or guidance and the use of <FONT STYLE="white-space:nowrap">non-GAAP</FONT> financial
measures (if any), and the financial information provided to analysts and rating agencies. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(q)</TD>
<TD ALIGN="left" VALIGN="top">Review and discuss with management and the independent auditor at least annually the effect of regulatory and accounting initiatives as well as <FONT STYLE="white-space:nowrap">off-balance-sheet</FONT> structures on the
Company&#146;s financial statements. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(r)</TD>
<TD ALIGN="left" VALIGN="top">Discuss with the independent auditor matters required to be discussed by American Institute of Certified Public Accountants Statement on Auditing Standards No.&nbsp;61 relating to the conduct of the audit, including any
difficulties encountered in the course of the audit work, any restrictions on the scope of activities or access to requested information and any significant disagreements with management. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(s)</TD>
<TD ALIGN="left" VALIGN="top">Review and discuss with the Chief Executive Officer and the Chief Financial Officer the procedures undertaken in connection with the Chief Executive Officer and Chief Financial Officer certifications for the annual and
interim filings with applicable securities regulatory authorities. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(t)</TD>
<TD ALIGN="left" VALIGN="top">Review disclosures made by the Company&#146;s Chief Executive Officer and Chief Financial Officer during their certification process for the annual and interim filing with applicable securities regulatory authorities
about any significant deficiencies in the design or operation of internal controls which could adversely affect the Company&#146;s ability to record, process, summarize and report financial data or any material weaknesses in the internal controls,
and any fraud involving management or other employees who have a significant role in the Company&#146;s internal controls. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(u)</TD>
<TD ALIGN="left" VALIGN="top">Meet with the Appointed Actuary of the Company at least annually to receive and review reports, opinions and recommendations prepared by the Appointed Actuary in accordance with the Act, including the parts of the
annual financial statement and the annual return filed under s. 665 of the Act, prepared by the actuary, and such other matters as the Committee may direct, including the report on Dynamic Capital Adequacy Testing, which is also reviewed by the Risk
Committee. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(v)</TD>
<TD ALIGN="left" VALIGN="top">Receive reports from the Chief Actuary regarding material capital model modifications and new capital model applications. Annually receive the capital model inventory and modification log. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(w)</TD>
<TD ALIGN="left" VALIGN="top">Discuss with the Company&#146;s General Counsel at least annually any legal matters that may have a material impact on the financial statements, operations, assets or compliance policies and any material reports or
inquiries received by the Company<B> </B>or any of its subsidiaries from regulators or governmental agencies. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(x)</TD>
<TD ALIGN="left" VALIGN="top">Meet with the Chief Internal Auditor and with management to discuss the effectiveness of the internal control procedure established pursuant to s. 4.2(e). </TD></TR></TABLE>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>4.3</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Oversight of the Finance Function </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">At least annually review and approve the mandate of the Chief Financial Officer and the Finance function. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">At least annually, review and approve the budget, structure, skills and resources of the Finance function. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">At least annually, review the performance evaluation of the Chief Financial Officer, with the input of the Management Resources and Compensation Committee, and assess the effectiveness of the Chief Financial Officer and
the Finance function. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Recommend to the Board for approval the appointment and, when considered appropriate, the dismissal of the Chief Financial Officer, who shall have direct access to the Committee. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top">Review the results of periodic independent reviews of the Finance function. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>4.4</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Oversight of the Actuarial Function </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">At least annually, review and approve the mandate for the Chief Actuary and the Actuarial function. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">At least annually, review and approve the budget, structure, skills and resources of the Actuarial
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">36 </P>


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<TD WIDTH="8%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">function. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">At least annually, review the performance evaluation of the Chief Actuary, with the input of the Management Resources and Compensation Committee, and assess the effectiveness of the Chief Actuary and the Actuarial
function. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Recommend to the Board for approval the appointment and, when considered appropriate, the dismissal of the Chief Actuary, who shall have direct access to the Committee. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top">Review the results of periodic independent reviews of the Actuarial function. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>4.5</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Oversight of the Internal Audit Function </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">At least annually, review and approve the mandate of the Chief Auditor and the Internal Audit function. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">At least annually, review and approve the budget, structure, skills, resources, independence and qualifications of the Internal Audit function. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">At least annually, review and approve the audit plan of the Internal Audit function (including any significant changes to the audit plan) and, as part of this review, satisfy itself that the audit plan is risk-based and
addresses all the relevant activities over a measurable cycle and that the work of the independent auditor and Internal Audit is coordinated. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Review the periodic reports of the internal audit department on internal audit activities, including audit findings, recommendations<B> </B>and progress in meeting the annual audit plan (including the impact of any
resource limitations). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top">At least annually, review the performance evaluation and compensation of the Chief Auditor, with the input of the Management Resources and Compensation Committee, and assess the effectiveness of the Chief Auditor and
the Internal Audit function. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(f)</TD>
<TD ALIGN="left" VALIGN="top">Recommend to the Board for approval the appointment and, when considered appropriate, the dismissal of the Chief Auditor, who shall have direct access to the Committee. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(g)</TD>
<TD ALIGN="left" VALIGN="top">Review the results of periodic independent reviews and self-assessments of the Internal Audit function&#146;s conformance with the International Standards for the Professional Practice of Internal Auditing and Code of
Ethics, and action plans to address any significant conformance issues. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>4.6</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Risk Management Oversight </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">Review reports from the Risk Committee respecting the Company&#146;s processes for assessing and managing risk. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">The Committee will receive reports from the General Counsel as Chair of the Disclosure Committee. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>4.7</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Oversight of Regulatory Compliance and Complaint Handling </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">Establish procedures for the receipt, retention and treatment of complaints received by the Company regarding accounting, internal accounting controls or auditing matters, and the confidential, anonymous submission by
employees of concerns regarding questionable accounting or auditing matters. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Discuss with management and the independent auditor at least annually any correspondence with regulators or governmental agencies and any published reports which raise material issues regarding the Company&#146;s
financial statements or accounting. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">Review at least annually with the Global Compliance Chief the Company&#146;s compliance with applicable laws and regulations, and correspondence from regulators. </TD></TR></TABLE>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>4.8</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Oversight of the Global Compliance Function </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">At least annually, review and approve the mandate for the Global Compliance Chief and the Global Compliance function. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">At least annually, review and approve the budget, structure, skills and resources of the Global Compliance function. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">At least annually, review the performance evaluation of the Global Compliance Chief, with the input of the Management Resources and Compensation Committee, and assess the effectiveness of the Global Compliance Chief and
the Global Compliance function. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Recommend to the Board for approval, the appointment and, when considered appropriate, the dismissal of the Global Compliance Chief, who shall have direct access to the Committee. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top">Review the results of periodic independent reviews of the Global Compliance function. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>4.9</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Oversight of the Anti-Money Laundering and Anti-Terrorist Financing Program </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">The Committee shall approve the Company&#146;s Anti-Money Laundering and Anti-Terrorist Financing Policy and any material amendments. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">37 </P>


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<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">The Committee shall meet with the Chief Anti-Money Laundering Officer (&#147;CAMLO&#148;) at least annually to receive and review the CAMLO&#146;s report on the AML/ATF Program, which will include a report on the
effectiveness of the AML/ATF Program and the Company&#146;s compliance with the Policy. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">The Committee shall meet with the Chief Auditor at least annually to receive and review the Chief Auditor&#146;s report on the results of the testing of the effectiveness of the AML/ATF Program. </TD></TR></TABLE>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>4.10</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Review of Ethical Standards </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">Annual review of the Company&#146;s Code of Business Conduct and Ethics. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Establish procedures to receive and process any request from executive officer(s) and Director(s) for waiver of the Company&#146;s Code of Business Conduct and Ethics. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">Grant any waiver of the Company&#146;s Code of Business Conduct and Ethics to executive officer(s) and Director(s) as the Committee may in its sole discretion deem appropriate and arrange for any such waiver to be
promptly disclosed to the shareholders in accordance with applicable laws or the rules of applicable securities regulatory authorities. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Annual review and assessment of procedures established by the Board of Directors to resolve conflicts of interest, including techniques for identification of potential conflict situations, and for restricting the use of
confidential information. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>4.11</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Self Dealing and Disclosure Requirements </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">Require management to establish procedures for complying with Part XI (Self-Dealing) of the Act (the &#147;Related Party Procedures&#148;). </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Establish criteria for the determination of materiality of a transaction with a related party. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">Annual review of the Related Party Procedures and their effectiveness in ensuring that the Company is complying with Part XI of the Act and the Sarbanes-Oxley Act. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Review the practices of the Company to ensure that any transactions with related parties of the Company that may have a material effect on the stability or solvency of the Company are identified. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top">Ensure that, within 90 days after the end of each financial year of the Company, the Committee will report to the Superintendent on its activities of the previous year respecting conduct review, undertaken in carrying
out its responsibilities under the Act (and, in particular, in respect of (a), (c), and (d)&nbsp;above). </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(f)</TD>
<TD ALIGN="left" VALIGN="top">The Committee shall report to the Superintendent on its mandate respecting conduct review and responsibilities of the Committee and the procedures referred to in (a)&nbsp;above. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(g)</TD>
<TD ALIGN="left" VALIGN="top">Annual review and assessment of the procedures established by the Board of Directors to disclose information to customers of the Company under the Act, if applicable, and of the procedures for dealing with complaints of
customers of the Company to satisfy itself that the applicable procedures are being followed. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>4.12</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Proxy Circular </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">The Committee shall prepare a report on its activities on an annual basis to be included in the Proxy Circular, as may be required by applicable laws or rules of applicable securities regulatory authorities.
</TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>4.13</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Duties and Responsibilities Delegated by the Board </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">Exercise such other powers and perform such other duties and responsibilities as are incidental to the purposes, duties and responsibilities specified herein and as may from time to time be delegated to the Committee by
the Board of Directors. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>5.</B></TD>
<TD ALIGN="left" VALIGN="top"><B><U>Funding for the Independent Auditor and Retention of External Advisors</U> </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company shall provide
for appropriate funding, as determined by the Committee, for payment of compensation to the independent auditor for the purpose of issuing an audit report and to any advisors retained by the Committee. The Committee shall have the authority to
retain such external advisors as it may from time to time deem necessary or advisable for its purposes and to set the terms of the retainer. The expenses related to any such engagement shall also be funded by the Company. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">38 </P>

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<TYPE>EX-99.4
<SEQUENCE>5
<FILENAME>d489903dex994.htm
<DESCRIPTION>EX-99.4
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.4 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Certification of Annual Filings </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Manulife Financial Corporation </U></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I, Roy Gori,
certify that: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">I have reviewed this annual report on Form 40-F of Manulife Financial Corporation; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by this report; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the
issuer as of, and for, the periods presented in this report; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">The issuer&#146;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control
over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the issuer and have: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the issuer, including its
consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">Evaluated the effectiveness of the issuer&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the
period covered by this report based on such evaluation; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Disclosed in this report any change in the issuer&#146;s internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to
materially affect, the issuer&#146;s internal control over financial reporting; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top">The issuer&#146;s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the issuer&#146;s auditors and the audit committee of the
issuer&#146;s board of directors (or persons performing the equivalent functions): </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the issuer&#146;s ability to record, process,
summarize and report financial information; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Any fraud, whether or not material, that involves management or other employees who have a significant role in the issuer&#146;s internal control over financial reporting. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: February&nbsp;7, 2018</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman"><I>/s/ Roy Gori</I></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Roy Gori</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">President and Chief Executive Officer</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
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<TYPE>EX-99.5
<SEQUENCE>6
<FILENAME>d489903dex995.htm
<DESCRIPTION>EX-99.5
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.5 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Certification of Annual Filings </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Manulife Financial Corporation </U></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I, Philip J.
Witherington, certify that: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">I have reviewed this annual report on Form 40-F of Manulife Financial Corporation; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by this report; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the
issuer as of, and for, the periods presented in this report; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">The issuer&#146;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control
over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the issuer and have: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the issuer, including its
consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">Evaluated the effectiveness of the issuer&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the
period covered by this report based on such evaluation; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Disclosed in this report any change in the issuer&#146;s internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to
materially affect, the issuer&#146;s internal control over financial reporting; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top">The issuer&#146;s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the issuer&#146;s auditors and the audit committee of the
issuer&#146;s board of directors (or persons performing the equivalent functions): </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the issuer&#146;s ability to record, process,
summarize and report financial information; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Any fraud, whether or not material, that involves management or other employees who have a significant role in the issuer&#146;s internal control over financial reporting. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: February&nbsp;7, 2018</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman"><I>/s/ Philip J. Witherington</I></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Philip J. Witherington</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Chief&nbsp;Financial Officer</TD></TR>
</TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.6
<SEQUENCE>7
<FILENAME>d489903dex996.htm
<DESCRIPTION>EX-99.6
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.6</TITLE>
</HEAD>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.6 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CERTIFICATION </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Pursuant to
18 United States Code s. 1350 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">As adopted pursuant to </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Section&nbsp;906 of the Sarbanes&#150;Oxley Act of 2002 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection with the Annual Report on Form 40-F of Manulife Financial Corporation (the &#147;Company&#148;) for the year ended December&nbsp;31, 2017, as
filed with the Securities and Exchange Commission on the date hereof (the &#147;Report&#148;), the undersigned officer of the Company certifies pursuant to 18 U.S.C. Section&nbsp;1350, as adopted pursuant to Section&nbsp;906 of the Sarbanes-Oxley
Act of 2002, that to his knowledge: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="86%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Date: February&nbsp;7, 2018</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman"><I>/s/ Roy Gori</I></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Roy Gori</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">President and Chief Executive Officer</TD></TR>
</TABLE>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.7
<SEQUENCE>8
<FILENAME>d489903dex997.htm
<DESCRIPTION>EX-99.7
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.7</TITLE>
</HEAD>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.7 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CERTIFICATION </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Pursuant to
18 United States Code s. 1350 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">As adopted pursuant to </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Section&nbsp;906 of the Sarbanes&#150;Oxley Act of 2002 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection with the Annual Report on Form 40-F of Manulife Financial Corporation (the &#147;Company&#148;) for the year ended December&nbsp;31, 2017, as
filed with the Securities and Exchange Commission on the date hereof (the &#147;Report&#148;), the undersigned officer of the Company certifies pursuant to 18 U.S.C. Section&nbsp;1350, as adopted pursuant to Section&nbsp;906 of the Sarbanes-Oxley
Act of 2002, that to his knowledge: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. </TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Date: February&nbsp;7, 2018</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman"><I>/s/ Philip J. Witherington</I></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Philip J. Witherington</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Chief Financial Officer</TD></TR>
</TABLE>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.8
<SEQUENCE>9
<FILENAME>d489903dex998.htm
<DESCRIPTION>EX-99.8
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.8</TITLE>
</HEAD>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.8 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We consent to the reference to our firm under the caption &#147;Interests of Experts&#148; and to the use of our reports dated February&nbsp;7, 2018 relating
to the consolidated financial statements of Manulife Financial Corporation (the &#147;Company&#148;), and the effectiveness of the Company&#146;s internal control over financial reporting included in the 2017 Annual Report (Form 40-F) for the year
ended December&nbsp;31, 2017. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We also consent to the incorporation by reference and to the use of these reports dated February&nbsp;7, 2018 in the
following Registration Statements: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Registration Statement (Form S-8 No.&nbsp;333-12610) of Manulife Financial Corporation pertaining to the Manulife Financial Corporation Stock Plan for Non-Employee Directors and Executive Stock Option Plan;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Registration Statement (Form S-8 No.&nbsp;333-13072) of Manulife Financial Corporation pertaining to the Manulife Financial Corporation Global Share Ownership Plan; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Registration Statement (Form S-8 No.&nbsp;333-157326) of Manulife Financial Corporation pertaining to the Stock Plan for Non-Employee Directors, Executive Stock Option Plan and Global Share Ownership Plan;
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Registration Statement (Form S-8 No.&nbsp;333-114951) of Manulife Financial Corporation pertaining to the John Hancock Financial Services, Inc. 1999 Long-Term Stock Incentive Plan, as amended and the John Hancock
Financial Services, Inc. Non-Employee Directors&#146; Long-Term Stock Incentive Plan; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Registration Statement (Form S-8 No.&nbsp;333-129430) of Manulife Financial Corporation pertaining to the Deferred Compensation Plan for Certain Employees of John Hancock and the Deferred Compensation Plan of the John
Hancock Financial Network; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Registration Statement (Form S-8 No.&nbsp;333-211366) of Manulife Financial Corporation pertaining to the Deferred Compensation Plan for Certain Employees of John Hancock and the Deferred Compensation Plan for the John
Hancock Financial Network; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Registration Statement (Form F-10 No. 333-221951) of Manulife Financial Corporation pertaining to Manulife Financial Corporation&#146;s shelf prospectus offering Debt Securities, Preferred Shares, Common Shares,
Subscription Receipts, Warrants, Share Purchase Contracts and Units; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Registration Statement (Form F-3 Nos. 333-221821-01 and 333-221821) of Manulife Financial Corporation and John Hancock Life Insurance Company (U.S.A.) pertaining to deferred annuity contracts with market value
adjustment interests and Manulife Financial Corporation&#146;s subordinated guarantee relating thereto; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Registration Statement (Form F-3 Nos. 333-208663-01 and 333-208663) of Manulife Financial Corporation and John Hancock Life Insurance Company (U.S.A.) pertaining to John Hancock Life Insurance Company (U.S.A.)&#146;s
market value adjustment interests under deferred annuity contracts and Manulife Financial Corporation&#146;s subordinated guarantee relating thereto; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Registration Statement (Form F-3 Nos. 333-205595-01 and 333-205595) of Manulife Financial Corporation and John Hancock Life Insurance Company (U.S.A.) pertaining to John Hancock Life Insurance Company (U.S.A.)&#146;s
market value adjustment interests under deferred annuity contracts and Manulife Financial Corporation&#146;s subordinated guarantee relating thereto; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Registration Statement (Form F-3 Nos. 333-196805-01 and 333-196805) of Manulife Financial Corporation and John Hancock Life Insurance Company (U.S.A.) pertaining to deferred annuity contracts with market value
adjustment interests and Manulife Financial Corporation&#146;s subordinated guarantee relating thereto; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Registration Statement (Form F-3 No.&nbsp;333-159176) of Manulife Financial Corporation pertaining to the Manulife Financial Corporation Dividend Reinvestment and Share Purchase Plan for U.S. Shareholders.
</TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><I>/s/ &#147;Ernst &amp; Young LLP&#148;</I></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top">Toronto, Canada</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Chartered Professional Accountants</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">February 7, 2018</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Licensed Public Accountants</TD></TR>
</TABLE>
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<DOCUMENT>
<TYPE>EX-99.9
<SEQUENCE>10
<FILENAME>d489903dex999.htm
<DESCRIPTION>EX-99.9
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.9</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.9 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONSENT OF APPOINTED ACTUARY </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">I hereby consent to the use and incorporation by reference in this Annual Report on Form&nbsp;40-F of Manulife Financial Corporation (the
&#147;Company&#148;) for the year ended December&nbsp;31, 2017 of my Appointed Actuary&#146;s Report to the Shareholders and Directors dated February&nbsp;7, 2018 (the &#147;Report&#148;), relating to the valuation of the policy liabilities of the
Company for its Consolidated Balance Sheets as at December&nbsp;31, 2017 and 2016 and their change in the Consolidated Statements of Operations for the years then ended. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><I>/s/ Steven A. Finch</I></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Steven A. Finch</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Senior Executive Vice
President and Chief Actuary</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fellow, Canadian Institute of Actuaries</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Toronto, Canada</P></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: February&nbsp;7, 2018 </P>
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<DOCUMENT>
<TYPE>EX-101.INS
<SEQUENCE>11
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<DESCRIPTION>XBRL INSTANCE DOCUMENT
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  <ifrs-full:PlanAssetsAtFairValue contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998171" decimals="-6" id="id_12895287_4FB39803-C9B2-4481-9BFC-82259CD6DB13_1001_1" unitRef="iso4217_CAD">4328000000</ifrs-full:PlanAssetsAtFairValue>
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  <ifrs-full:SurplusDeficitInPlan contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998171" decimals="-6" id="id_12895287_4FB39803-C9B2-4481-9BFC-82259CD6DB13_1001_2" unitRef="iso4217_CAD">-378000000</ifrs-full:SurplusDeficitInPlan>
  <ifrs-full:DebtInstrumentsAmountContributedToFairValueOfPlanAssets contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998171_2935144x2936196_2935158x2998164_2935541x2998187" decimals="-6" id="id_12895287_AA26E4EC-16CA-4015-98E1-94DC78214EFE_12001_3" unitRef="iso4217_CAD">1979000000</ifrs-full:DebtInstrumentsAmountContributedToFairValueOfPlanAssets>
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  <mfc:DefinedBenefitPlanTargetAssetAllocationPercentage contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998171_2935144x2936196_2935158x2998164_2935541x2998188" decimals="2" id="id_12895287_64BC57F2-46F7-4780-BCD5-0C6E968550D9_7003_3" unitRef="pure">0.84</mfc:DefinedBenefitPlanTargetAssetAllocationPercentage>
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  <ifrs-full:EquityInstrumentsAmountContributedToFairValueOfPlanAssets contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998171_2935146x3012614_2935158x2998164_2935541x2998187" decimals="-6" id="id_12895287_AA26E4EC-16CA-4015-98E1-94DC78214EFE_15001_2" unitRef="iso4217_CAD">695000000</ifrs-full:EquityInstrumentsAmountContributedToFairValueOfPlanAssets>
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  <ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998171_2935541x2935333" decimals="-6" id="id_12895287_F79CCA67-A489-4551-9B7F-D10B5ED69B93_1001_3" unitRef="iso4217_CAD">536000000</ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption>
  <ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998171_2935541x2935333" decimals="-6" id="id_12895287_F79CCA67-A489-4551-9B7F-D10B5ED69B93_1001_1" unitRef="iso4217_CAD">-451000000</ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption>
  <ifrs-full:PercentageOfReasonablyPossibleDecreaseInActuarialAssumption contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998171_2935541x2935333" decimals="2" id="id_12895287_F79CCA67-A489-4551-9B7F-D10B5ED69B93_1001_4" unitRef="pure">0.01</ifrs-full:PercentageOfReasonablyPossibleDecreaseInActuarialAssumption>
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  <ifrs-full:PercentageOfReasonablyPossibleDecreaseInActuarialAssumption contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998171_2935541x2935336" decimals="2" id="id_12895287_F79CCA67-A489-4551-9B7F-D10B5ED69B93_2001_8" unitRef="pure">0.01</ifrs-full:PercentageOfReasonablyPossibleDecreaseInActuarialAssumption>
  <ifrs-full:PercentageOfReasonablyPossibleIncreaseInActuarialAssumption contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998171_2935541x2935336" decimals="2" id="id_12895287_F79CCA67-A489-4551-9B7F-D10B5ED69B93_2001_6" unitRef="pure">0.01</ifrs-full:PercentageOfReasonablyPossibleIncreaseInActuarialAssumption>
  <ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998171_2935541x2995289" decimals="-6" id="id_12895287_F79CCA67-A489-4551-9B7F-D10B5ED69B93_3001_9" unitRef="iso4217_CAD">119000000</ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption>
  <ifrs-full:DefinedBenefitObligationAtPresentValue contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998171_2935541x2998187" decimals="-6" id="id_12895287_1C6E4610-0931-4496-AB41-4243D7C15D7E_1_2" unitRef="iso4217_CAD">3026000000</ifrs-full:DefinedBenefitObligationAtPresentValue>
  <ifrs-full:ActuarialAssumptionOfDiscountRates contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998171_2935541x2998187_2937857x2998158" decimals="3" id="id_12895287_870924E8-FC08-484A-BEA5-CF0DA59D974C_1001_1" unitRef="pure">0.036</ifrs-full:ActuarialAssumptionOfDiscountRates>
  <ifrs-full:ActuarialAssumptionOfDiscountRates contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998171_2935541x2998187_2937857x2998159" decimals="3" id="id_12895287_870924E8-FC08-484A-BEA5-CF0DA59D974C_2001_3" unitRef="pure">0.041</ifrs-full:ActuarialAssumptionOfDiscountRates>
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  <ifrs-full:DefinedBenefitObligationAtPresentValue contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998171_2935541x2998187_2937857x2998197" decimals="-6" id="id_12895287_1C6E4610-0931-4496-AB41-4243D7C15D7E_2001_0" unitRef="iso4217_CAD">592000000</ifrs-full:DefinedBenefitObligationAtPresentValue>
  <ifrs-full:DefinedBenefitObligationAtPresentValue contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998171_2935541x2998188" decimals="-6" id="id_12895287_1C6E4610-0931-4496-AB41-4243D7C15D7E_5_2" unitRef="iso4217_CAD">1680000000</ifrs-full:DefinedBenefitObligationAtPresentValue>
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  <ifrs-full:DefinedBenefitObligationAtPresentValue contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998171_2935541x2998188_2937857x2998197" decimals="-6" id="id_12895287_1C6E4610-0931-4496-AB41-4243D7C15D7E_2005_0" unitRef="iso4217_CAD">393000000</ifrs-full:DefinedBenefitObligationAtPresentValue>
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  <ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998183_2935541x2935333" decimals="-6" id="id_12895287_F79CCA67-A489-4551-9B7F-D10B5ED69B93_1002_1" unitRef="iso4217_CAD">-67000000</ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption>
  <ifrs-full:PercentageOfReasonablyPossibleDecreaseInActuarialAssumption contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998183_2935541x2935333" decimals="2" id="id_12895287_F79CCA67-A489-4551-9B7F-D10B5ED69B93_1002_4" unitRef="pure">0.01</ifrs-full:PercentageOfReasonablyPossibleDecreaseInActuarialAssumption>
  <ifrs-full:PercentageOfReasonablyPossibleIncreaseInActuarialAssumption contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998183_2935541x2935333" decimals="2" id="id_12895287_F79CCA67-A489-4551-9B7F-D10B5ED69B93_1002_2" unitRef="pure">0.01</ifrs-full:PercentageOfReasonablyPossibleIncreaseInActuarialAssumption>
  <ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998183_2935541x2935336" decimals="-6" id="id_12895287_F79CCA67-A489-4551-9B7F-D10B5ED69B93_2002_7" unitRef="iso4217_CAD">-21000000</ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption>
  <ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998183_2935541x2935336" decimals="-6" id="id_12895287_F79CCA67-A489-4551-9B7F-D10B5ED69B93_2002_5" unitRef="iso4217_CAD">24000000</ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption>
  <ifrs-full:PercentageOfReasonablyPossibleDecreaseInActuarialAssumption contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998183_2935541x2935336" decimals="2" id="id_12895287_F79CCA67-A489-4551-9B7F-D10B5ED69B93_2002_8" unitRef="pure">0.01</ifrs-full:PercentageOfReasonablyPossibleDecreaseInActuarialAssumption>
  <ifrs-full:PercentageOfReasonablyPossibleIncreaseInActuarialAssumption contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998183_2935541x2935336" decimals="2" id="id_12895287_F79CCA67-A489-4551-9B7F-D10B5ED69B93_2002_6" unitRef="pure">0.01</ifrs-full:PercentageOfReasonablyPossibleIncreaseInActuarialAssumption>
  <ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998183_2935541x2995289" decimals="-6" id="id_12895287_F79CCA67-A489-4551-9B7F-D10B5ED69B93_3002_9" unitRef="iso4217_CAD">16000000</ifrs-full:IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption>
  <ifrs-full:DefinedBenefitObligationAtPresentValue contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998183_2935541x2998187" decimals="-6" id="id_12895287_1C6E4610-0931-4496-AB41-4243D7C15D7E_3_2" unitRef="iso4217_CAD">515000000</ifrs-full:DefinedBenefitObligationAtPresentValue>
  <ifrs-full:ActuarialAssumptionOfMedicalCostTrendRates contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998183_2935541x2998187_2937857x2998158" decimals="3" id="id_12895287_870924E8-FC08-484A-BEA5-CF0DA59D974C_1003_2" unitRef="pure">0.085</ifrs-full:ActuarialAssumptionOfMedicalCostTrendRates>
  <ifrs-full:ActuarialAssumptionOfDiscountRates contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998183_2935541x2998187_2937857x2998158" decimals="3" id="id_12895287_870924E8-FC08-484A-BEA5-CF0DA59D974C_1003_1" unitRef="pure">0.036</ifrs-full:ActuarialAssumptionOfDiscountRates>
  <ifrs-full:ActuarialAssumptionOfMedicalCostTrendRates contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998183_2935541x2998187_2937857x2998159" decimals="3" id="id_12895287_870924E8-FC08-484A-BEA5-CF0DA59D974C_2003_4" unitRef="pure">0.088</ifrs-full:ActuarialAssumptionOfMedicalCostTrendRates>
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  <ifrs-full:DefinedBenefitObligationAtPresentValue contextRef="eol_PE98036---1740-F0010_STD_0_20171231_0_2934928x2998183_2935541x2998187_2937857x2998197" decimals="-6" id="id_12895287_1C6E4610-0931-4496-AB41-4243D7C15D7E_2003_0" unitRef="iso4217_CAD">34000000</ifrs-full:DefinedBenefitObligationAtPresentValue>
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  <dei:DocumentType contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_EA5757A4-E949-4E0E-BB7C-A44D42F1FCB9_1_0">40-F</dei:DocumentType>
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  <ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_141D0F65-E715-4668-B1D3-974BE50A8508_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(p)
 Derivative and hedging instruments&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company uses derivative
 financial instruments (&amp;#x201C;derivatives&amp;#x201D;) including swaps,
 forward and futures agreements, and options to manage current and
 anticipated exposures to changes in interest rates, foreign
 exchange rates, commodity prices and equity market prices, and to
 replicate permissible investments. Derivatives embedded in other
 financial instruments (&amp;#x201C;host instruments&amp;#x201D;) are
 separately recorded as derivatives when their economic
 characteristics and risks are not closely related to those of the
 host instrument, the terms of the embedded derivative are the same
 as those of a standalone derivative and the host instrument itself
 is not recorded at FVTPL. Derivatives are recorded at fair value.
 Derivatives with unrealized gains are reported as derivative assets
 and derivatives with unrealized losses are reported as derivative
 liabilities.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;A determination is made for each
 derivative as to whether to apply hedge accounting. Where hedge
 accounting is not applied, changes in the fair value of derivatives
 are recorded in investment income. Refer to note 4(c).&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Where the Company has elected to
 apply hedge accounting, a hedging relationship is designated and
 documented at inception. Hedge effectiveness is evaluated at
 inception and throughout the term of the hedge and hedge accounting
 is only applied when the Company expects that the hedging
 relationship will be highly effective in achieving offsetting
 changes in fair value or changes in cash flows attributable to the
 risk being hedged. The assessment of hedge effectiveness is
 performed at the end of each reporting period both prospectively
 and retrospectively. When it is determined that a hedging
 relationship is no longer effective, or the hedging instrument or
 the hedged item has been sold or terminated, the Company
 discontinues hedge accounting prospectively. In such cases, if the
 derivatives are not sold or terminated, any subsequent changes in
 fair value of the derivatives are recognized in investment
 income.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;For derivatives that are
 designated as hedging instruments, changes in fair value are
 recognized according to the nature of the risks being hedged, as
 discussed below.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;In a fair value hedging
 relationship, changes in fair value of the hedging instruments are
 recorded in investment income, offsetting changes in fair value of
 the hedged items, which would otherwise not be carried at fair
 value. Hedge ineffectiveness is recognized in investment income and
 arises from differences between changes in the fair values of
 hedging instruments and hedged items. When hedge accounting is
 discontinued, the carrying value of the hedged item is no longer
 adjusted and the cumulative fair value adjustments are amortized to
 investment income over the remaining term of the hedged item unless
 the hedged item is sold, at which time the balance is recognized
 immediately in investment income.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;In a cash flow hedging
 relationship, the effective portion of the change in the fair value
 of the hedging instrument is recorded in OCI while the ineffective
 portion is recognized in investment income. Gains and losses in
 accumulated other comprehensive income (&amp;#x201C;AOCI&amp;#x201D;) are
 recognized in income during the same periods as the variability in
 the hedged cash flows or the hedged forecasted transactions are
 recognized in income. The reclassifications from accumulated other
 comprehensive income (&amp;#x201C;AOCI&amp;#x201D;) are made to investment
 income, with the exception of total return swaps that hedge
 restricted share units, which are reclassified to general
 expenses.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Gains and losses on cash flow
 hedges in AOCI are reclassified immediately to investment income
 when the hedged item is sold or the forecasted transaction is no
 longer expected to occur. When a hedge is discontinued, but the
 hedged forecasted transaction remains highly probable to occur, the
 amounts in AOCI are reclassified to investment income in the
 periods during which variability in the cash flows hedged or the
 hedged forecasted transaction is recognized in income.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;In a net investment in foreign
 operations hedging relationship, the gains and losses relating to
 the effective portion of the hedge are recorded in OCI. Gains and
 losses in AOCI are recognized in income during the periods when
 gains or losses on the underlying hedged net investment in foreign
 operations are recognized in income.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory>
  <ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_680AE904-C026-4190-AE77-CC83468BE51D_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Hedging
 Strategies for Variable Annuity and Other Equity
 Risks&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company&amp;#x2019;s exposure to
 movement in public equity market values primarily arises from
 variable annuity guarantees and to a smaller extent from
 asset-based fees and general fund public equity
 holdings.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Dynamic hedging is the primary
 hedging strategy for variable annuity market risks. Dynamic hedging
 is employed for new variable annuity guarantees business when
 written or as soon as practical thereafter.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;We seek to manage public equity
 risk arising from other sources (not dynamically hedged) through
 our macro equity risk hedging strategy. We seek to manage interest
 rate risk arising from variable annuity business not dynamically
 hedged within our asset liability management strategy.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;
 &lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory>
  <ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_C950206D-4FD2-479D-B518-61867A0DD20C_1_0">&lt;div&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(l) Income
 taxes&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The provision for income taxes is
 calculated based on income tax laws and income tax rates
 substantively enacted as at the date of the Consolidated Statements
 of Financial Position. The income tax provision is comprised of
 current income taxes and deferred income taxes. Current and
 deferred income taxes relating to items recognized in OCI and
 directly in equity are similarly recognized in OCI and directly in
 equity, respectively.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Current income taxes are amounts
 expected to be payable or recoverable as a result of operations in
 the current year and any adjustments to taxes payable in respect of
 previous years.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Deferred income taxes are provided
 for using the liability method and result from temporary
 differences between the carrying values of assets and liabilities
 and their respective tax bases. Deferred income taxes are measured
 at the substantively enacted tax rates that are expected to be
 applied to temporary differences when they reverse.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;A deferred tax asset is recognized
 to the extent that future realization of the tax benefit is
 probable. Deferred tax assets are reviewed at each reporting date
 and are reduced to the extent that it is no longer probable that
 the tax benefit will be realized. Deferred tax assets and
 liabilities are offset if there is a legally enforceable right to
 offset current tax liabilities and assets and they relate to income
 taxes levied by the same tax authority on the same taxable
 entity.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Deferred tax liabilities are
 recognized for all taxable temporary differences, except in respect
 of taxable temporary differences associated with investments in
 subsidiaries and associates, where the timing of the reversal of
 the temporary differences can be controlled and it is probable that
 the temporary differences will not reverse in the foreseeable
 future.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The Company records provisions for
 uncertain tax positions if it is probable that the Company will
 make a payment on tax positions as a result of examinations by tax
 authorities. These provisions are measured at the Company&amp;#x2019;s
 best estimate of the amount expected to be paid. Provisions are
 reversed to income in the period in which management assesses they
 are no longer required or determined by statute.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The Company is subject to income
 tax laws in various jurisdictions. Tax laws are complex and
 potentially subject to different interpretations by the taxpayer
 and the relevant tax authority. The provision for income taxes and
 deferred income taxes represents management&amp;#x2019;s interpretation
 of the relevant tax laws and its estimate of current and future
 income tax implications of the transactions and events during the
 year. The Company may be required to change its provision for
 income taxes or deferred income tax balances when the ultimate
 deductibility of certain items is successfully challenged by taxing
 authorities, or if estimates used in determining the amount of
 deferred tax asset to recognize change significantly, or when
 receipt of new information indicates the need for adjustment in the
 amount of deferred income taxes to be recognized. Additionally,
 future events, such as changes in tax laws, tax regulations, or
 interpretations of such laws or regulations, could have an impact
 on the provision for income taxes, deferred tax balances and the
 effective tax rate. Any such changes could materially affect the
 amounts reported in the Consolidated Financial Statements in the
 period these changes occur.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory>
  <ifrs-full:DescriptionOfAccountingPolicyForInsuranceContracts contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_FBDBCC85-7C31-4CA2-B42F-C6EC03703228_1_0">&lt;div&gt;
 &lt;p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(i)
 Insurance and investment contract liabilities&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Most contracts issued by the
 Company are considered insurance, investment or service contracts.
 Contracts under which the Company accepts significant insurance
 risk from a policyholder are classified as insurance contracts in
 the Consolidated Financial Statements. A contract is considered to
 have significant insurance risk if, and only if, an insured event
 could cause an insurer to make significant additional payments in
 any scenario, excluding scenarios that lack commercial substance at
 the inception of the contract. Contracts under which the Company
 does not accept significant insurance risk are either classified as
 investment contracts or considered service contracts and are
 accounted for in accordance with IAS 39 &lt;i&gt;&amp;#x201C;&lt;/i&gt;Financial
 Instruments: Recognition and Measurement&lt;i&gt;&amp;#x201D;&lt;/i&gt; or IAS 18
 &amp;#x201C;Revenue&amp;#x201D;, respectively.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Once a contract has been classified
 as an insurance contract it remains an insurance contract even if
 the insurance risk reduces significantly. Investment contracts can
 be reclassified as insurance contracts if insurance risk
 subsequently becomes significant.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Insurance contract liabilities, net
 of reinsurance assets, represent the amount which, together with
 estimated future premiums and net investment income, will be
 sufficient to pay estimated future benefits, policyholder dividends
 and refunds, taxes (other than income taxes) and expenses on
 policies &lt;font style="white-space:nowrap"&gt;in-force.&lt;/font&gt;
 Insurance contract liabilities are presented gross of reinsurance
 assets on the Consolidated Statements of Financial Position. The
 Company&amp;#x2019;s Appointed Actuary is responsible for determining
 the amount of insurance contract liabilities in accordance with
 standards established by the Canadian Institute of Actuaries.
 Insurance contract liabilities, net of reinsurance assets, have
 been determined using the Canadian Asset Liability Method
 (&amp;#x201C;CALM&amp;#x201D;) as permitted by IFRS 4 &amp;#x201C;Insurance
 Contracts&amp;#x201D;. Refer to note 8.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Investment contract liabilities
 include contracts issued to retail and institutional investors that
 do not contain significant insurance risk. Investment contract
 liabilities and deposits are measured at amortized cost or at fair
 value by election. The election reduces accounting mismatches
 between assets supporting these contracts and the related policy
 liabilities. Investment contract liabilities are derecognized when
 the contract expires, is discharged or is cancelled.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Derivatives embedded within
 insurance contracts are separated if they are not considered to be
 closely related to the host insurance contract and do not meet the
 definition of an insurance contract. These embedded derivatives are
 presented separately in other assets or other liabilities and are
 measured at fair value with changes in fair value recognized in
 income.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForInsuranceContracts>
  <ifrs-full:DescriptionOfAccountingPolicyForReinsuranceExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_AAC9D1C0-C096-4C9A-888D-52F11DE9726B_1_0">&lt;div&gt;
 &lt;p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(j)
 Reinsurance assets&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The Company uses reinsurance in the
 normal course of business to manage its risk exposure. Insurance
 ceded to a reinsurer does not relieve the Company from its
 obligations to policyholders. The Company remains liable to its
 policyholders for the portion reinsured to the extent that any
 reinsurer does not meet its obligations for reinsurance ceded to it
 under a reinsurance agreement.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Reinsurance assets represent the
 benefit derived from reinsurance agreements &lt;font style="white-space:nowrap"&gt;in-force&lt;/font&gt; at the reporting date, taking
 into account the financial condition of the reinsurer. Amounts
 recoverable from reinsurers are estimated in accordance with the
 terms of the relevant reinsurance contract.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Gains or losses on reinsurance
 transactions are recognized in income immediately on the
 transaction date and are not amortized. Premiums ceded and claims
 reimbursed are presented on a gross basis on the Consolidated
 Statements of Income. Reinsurance assets are not offset against the
 related insurance contract liabilities and are presented separately
 on the Consolidated Statements of Financial Position. Refer to note
 8(a).&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForReinsuranceExplanatory>
  <ifrs-full:AdjustedWeightedAverageShares contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_573CCACD-595D-4AC7-ACCE-3BE1269F4708_1_400003" unitRef="shares">1986000000</ifrs-full:AdjustedWeightedAverageShares>
  <ifrs-full:AnalysisOfFinancialAssetsThatAreIndividuallyDeterminedToBeImpaired contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_1AD02D2E-C6B2-46CB-B007-6F94893FB72A_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following table summarizes the
 Company&amp;#x2019;s loans that are considered impaired.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="75%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Gross&lt;br /&gt;
 carrying&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Allowances&lt;br /&gt;
 for losses&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Net&amp;#xA0;carrying&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;79&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;39&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;40&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Mortgages and loans to Bank clients&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;132&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;46&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;86&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;211&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;85&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;126&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Gross&lt;br /&gt;
 carrying&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Allowances&lt;br /&gt;
 for losses&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Net&lt;br /&gt;
 carrying&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;244&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;92&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;152&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Mortgages and loans to Bank clients&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;59&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;26&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;33&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;303&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;118&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;185&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:AnalysisOfFinancialAssetsThatAreIndividuallyDeterminedToBeImpaired>
  <ifrs-full:CashFlowsFromUsedInOperatingActivities contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_B3534D1C-43E0-431F-A350-A0545FC7C1A6_1_13" unitRef="iso4217_CAD">17791000000</ifrs-full:CashFlowsFromUsedInOperatingActivities>
  <ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_B3534D1C-43E0-431F-A350-A0545FC7C1A6_1_18" unitRef="iso4217_CAD">10000000</ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities>
  <ifrs-full:ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_77ACF7A3-1C1F-42E6-BD5E-D8866F052D11_1_17" unitRef="iso4217_CAD">39301000000</ifrs-full:ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries>
  <ifrs-full:CurrentAndDeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_0E7F38DA-AFAC-4740-A24C-0B9BEEEC0303_1_2" unitRef="iso4217_CAD">-2000000</ifrs-full:CurrentAndDeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity>
  <ifrs-full:DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_F5638475-0DC2-41FC-9F24-89A24C135F71_1011_4" unitRef="iso4217_CAD">-2000000</ifrs-full:DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity>
  <ifrs-full:AdditionsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_3FF409B2-877B-4CE1-8C0B-185CEF4E0A80_7005_2" unitRef="iso4217_CAD">3986000000</ifrs-full:AdditionsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued>
  <ifrs-full:CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_B3534D1C-43E0-431F-A350-A0545FC7C1A6_1_27" unitRef="iso4217_CAD">261000000</ifrs-full:CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings>
  <ifrs-full:CashFlowsFromUsedInInvestingActivities contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_B3534D1C-43E0-431F-A350-A0545FC7C1A6_1_19" unitRef="iso4217_CAD">-16287000000</ifrs-full:CashFlowsFromUsedInInvestingActivities>
  <ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_53E0637F-D0C5-48EA-8CE4-859E302B7510_1_21" unitRef="iso4217_CAD">-192000000</ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests>
  <ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_BAC44B6A-94CD-4961-9FD0-BEF7500EB928_1001_2" unitRef="iso4217_CAD">306000000</ifrs-full:AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill>
  <ifrs-full:AdjustmentsForAmortisationExpense contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_B3534D1C-43E0-431F-A350-A0545FC7C1A6_1_7" unitRef="iso4217_CAD">560000000</ifrs-full:AdjustmentsForAmortisationExpense>
  <ifrs-full:AdjustmentsForCurrentTaxOfPriorPeriod contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_38B645F0-50E9-4AFB-AB69-4B154D32A31C_1_2" unitRef="iso4217_CAD">-38000000</ifrs-full:AdjustmentsForCurrentTaxOfPriorPeriod>
  <ifrs-full:AdjustmentsForDeferredTaxExpense contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_B3534D1C-43E0-431F-A350-A0545FC7C1A6_1_9" unitRef="iso4217_CAD">-331000000</ifrs-full:AdjustmentsForDeferredTaxExpense>
  <ifrs-full:AdjustmentsForSharebasedPayments contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_B3534D1C-43E0-431F-A350-A0545FC7C1A6_1_10" unitRef="iso4217_CAD">15000000</ifrs-full:AdjustmentsForSharebasedPayments>
  <ifrs-full:AmortisationExpense contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_A5974906-675B-45E8-89B9-E1BA5C1F0897_1009_3" unitRef="iso4217_CAD">229000000</ifrs-full:AmortisationExpense>
  <ifrs-full:ApplicableTaxRate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="2" id="id_12895287_278F993A-C996-4492-A6FC-E1E5750BC7FD_3001_2" unitRef="pure">0.21</ifrs-full:ApplicableTaxRate>
  <ifrs-full:AverageEffectiveTaxRate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="4" id="id_12895287_45995B14-0544-4162-A5BC-73030460E61F_1_0" unitRef="pure">0.2675</ifrs-full:AverageEffectiveTaxRate>
  <ifrs-full:BasicEarningsLossPerShare contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="2" id="id_12895287_77ACF7A3-1C1F-42E6-BD5E-D8866F052D11_1_36" unitRef="iso4217_CAD_per_shares">0.98</ifrs-full:BasicEarningsLossPerShare>
  <ifrs-full:CashFlowsFromUsedInFinancingActivities contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_B3534D1C-43E0-431F-A350-A0545FC7C1A6_1_32" unitRef="iso4217_CAD">14000000</ifrs-full:CashFlowsFromUsedInFinancingActivities>
  <ifrs-full:DilutedEarningsLossPerShare contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="2" id="id_12895287_77ACF7A3-1C1F-42E6-BD5E-D8866F052D11_1_37" unitRef="iso4217_CAD_per_shares">0.98</ifrs-full:DilutedEarningsLossPerShare>
  <ifrs-full:DisclosureOfDefinedBenefitPlansExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_349CB2D9-71AC-4F7C-9B47-98B16B300EAA_1_0">&lt;div&gt;
 &lt;p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(e)
 Disaggregation of defined benefit obligation&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" align="center"&gt;
 &lt;tr&gt;
 &lt;td width="37%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="14" align="center" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&lt;b&gt;U.S. plans&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td colspan="2" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="14" align="center" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&lt;b&gt;Canadian plans&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c"&gt;Pension plans&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 Retiree&amp;#xA0;welfare&amp;#xA0;plans&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td colspan="2" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c"&gt;Pension plans&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 Retiree&amp;#xA0;welfare&amp;#xA0;plans&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;2016&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;2016&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td colspan="2" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;2016&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;2016&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Active members&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;592&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;637&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;34&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;38&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;393&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;403&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;20&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;20&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Inactive and retired members&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;2,434&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;2,528&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;481&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;502&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;1,287&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;1,199&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;130&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;122&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;3,026&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;&amp;#xA0;&amp;#xA0;3,165&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;515&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;&amp;#xA0;&amp;#xA0;540&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;1,680&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;&amp;#xA0;&amp;#xA0;1,602&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;150&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;&amp;#xA0;&amp;#xA0;142&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfDefinedBenefitPlansExplanatory>
  <ifrs-full:DisclosureOfIncomeTaxExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_A635FA21-783F-4355-AF21-C2A58968992F_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#2A517F"&gt;&lt;b&gt;Note 6&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;Income
 Taxes&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(a) Components of the income tax expense
 (recovery)&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Income tax expenses (recovery) recognized in the Consolidated
 Statements of Income:&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="81%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Current tax&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Current year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;608&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;659&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Adjustments to prior year&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(38&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(228&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;570&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;431&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Deferred tax&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Change related to temporary differences&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(803&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(235&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Impact of U.S. Tax Reform&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;472&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Income tax expense&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;239&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;196&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Adjustments relating to closure of
 multiple taxation years&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Income tax expenses (recovery) recognized in Other Comprehensive
 Income (&amp;#x201C;OCI&amp;#x201D;):&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="82%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Current income tax expense (recovery)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;116&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(72&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Deferred income tax expense (recovery)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;320&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(25&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Income tax expense (recovery)&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;436&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(97&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Income tax expenses (recovery) recognized directly in Equity:&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="81%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Current income tax expense (recovery)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Deferred income tax expense (recovery)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(2&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Income tax expense (recovery)&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;(2&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(4&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The effective income tax rate reflected in the Consolidated
 Statements of Income varies from the Canadian tax rate of
 26.75&amp;#xA0;per cent for the year ended December&amp;#xA0;31, 2017
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;26.75 per cent) and the reasons are
 disclosed below.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Reconciliation of income tax
 expense&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="81%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Income before income taxes&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;2,501&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;3,329&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Income tax expense at Canadian statutory tax rate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;669&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;890&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Increase (decrease) in income taxes due to:&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 &lt;font style="WHITE-SPACE: nowrap"&gt;Tax-exempt&lt;/font&gt;&amp;#xA0;investment
 income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(242&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(229&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Differences in tax rate on income not subject to tax in Canada&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(551&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(366&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Recovery of unrecognized tax losses of prior years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(10&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Adjustments to taxes related to prior years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(182&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(206&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Tax losses and temporary differences not recognized as deferred
 taxes&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;22&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impact of U.S. Tax Reform&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;472&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other differences&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;59&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;95&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Income tax expense&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;239&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;196&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;b&gt;Impact of U.S. Tax Reform&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 On December 22, 2017, the U.S. government enacted new tax
 legislation effective January 1, 2018. The legislation makes broad
 and complex changes to the U.S. tax code and accordingly it will
 take time to assess and interpret the changes. Based on a
 preliminary understanding of the new legislation, the Company
 recorded a provisional charge of $1.8 billion, after-tax, for the
 estimated impact of U.S. Tax Reform on policyholder liabilities and
 net deferred tax assets, including the reduction in the U.S.
 federal corporate income tax rate and the impact of specific life
 insurance regulations which limits the deductibility of reserves
 for U.S. federal income tax purposes. This provisional charge may
 change materially in the future, following a more comprehensive
 review of the legislation, including changes in interpretations and
 tax assumptions made in the valuation of policy liabilities as well
 as implementation of and guidance from the Internal Revenue Service
 and other bodies, and as a result of any future changes or
 amendments to that legislation. Refer to note 8(g) for the impact
 of U.S. Tax Reform on the Company&amp;#x2019;s insurance contract
 liabilities.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(b) Current tax receivable and
 payable&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 As at December&amp;#xA0;31, 2017, the Company has approximately $778 of
 current tax receivable included in other assets (2016 &amp;#x2013; $446)
 and a current tax payable of $178 included in other liabilities
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$387).&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(c) Deferred tax assets and
 liabilities&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents the Company&amp;#x2019;s deferred tax
 assets and liabilities.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="81%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December, 31&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Deferred tax assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,569&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,439&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Deferred tax liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,281&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(1,359&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net deferred tax assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;3,288&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;3,080&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents significant components of the
 Company&amp;#x2019;s deferred tax assets and liabilities.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="51%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Balance,&lt;br /&gt;
 January&amp;#xA0;1,&lt;br /&gt;
 2017&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Recognized&lt;br /&gt;
 in Income&lt;br /&gt;
 Statement&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Recognized
 in&lt;br /&gt;
 Other&lt;br /&gt;
 Comprehensive&lt;br /&gt;
 Income&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Recognized&lt;br /&gt;
 in Equity&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Translation&lt;br /&gt;
 and Other&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Balance,&lt;br /&gt;
 December&amp;#xA0;31,&lt;br /&gt;
 2017&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Loss carry forwards&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;942&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(311&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(38&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;596&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Actuarial liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;9,366&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,053&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(17&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(418&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,878&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Pensions and post-employment benefits&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;352&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(87&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(54&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;208&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Tax credits&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;875&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(369&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(52&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;454&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Accrued interest&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;17&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(12&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Real estate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,396&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;284&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(9&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;59&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,062&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Securities and other investments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(6,064&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;2,172&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(239&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;324&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(3,807&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Sale of investments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(163&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;58&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(105&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Goodwill and intangible assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,059&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;197&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;37&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(825&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;210&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(548&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;287&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(50&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,080&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;331&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(320)&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;195&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,288&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Balance,&lt;br /&gt;
 January&amp;#xA0;1,&lt;br /&gt;
 2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Recognized&lt;br /&gt;
 in Income&lt;br /&gt;
 Statement&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Recognized in&lt;br /&gt;
 Other&lt;br /&gt;
 Comprehensive&lt;br /&gt;
 Income&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Recognized&lt;br /&gt;
 in Equity&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Translation&lt;br /&gt;
 and Other&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Balance,&lt;br /&gt;
 December&amp;#xA0;31,&lt;br /&gt;
 2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Loss carry forwards&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,493&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(515&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(36&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;942&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Actuarial liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9,448&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;244&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(5&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(116&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(205&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9,366&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Pensions and post-employment benefits&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;329&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;100&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(79&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;352&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Tax credits&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;750&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;147&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(22&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;875&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Accrued interest&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;121&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(100&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(4&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;17&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Real estate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,812&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;373&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;43&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,396&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Securities and other investments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(6,218&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(243&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;113&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;112&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;172&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(6,064&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Sale of investments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(200&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;37&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(163&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Goodwill and intangible assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,138&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;58&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;21&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,059&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;59&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;134&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(4&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;6&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;15&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;210&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;2,832&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;235&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;25&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(14&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;3,080&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The total deferred tax assets as at December&amp;#xA0;31, 2017 of
 $4,569 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$4,439) include $4,527
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$4,403) where the Company has suffered
 losses in either the current or preceding year and where the
 recognition is dependent on future taxable profits in the relevant
 jurisdictions and feasible management actions.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 As at December&amp;#xA0;31, 2017, tax loss carryforwards available were
 approximately $3,164 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$3,556) of which
 $2,109 expire between the years 2020 and 2037 while $159 have no
 expiry date, and capital loss carryforwards available were
 approximately $8 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$9) and have no expiry
 date. A $596 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$942) tax benefit related to
 these tax loss carryforwards has been recognized as a deferred tax
 asset as at December&amp;#xA0;31, 2017, and a benefit of $171
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$139) has not been recognized. In addition,
 the Company has approximately $606 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$1,039)
 of tax credit carryforwards which will expire between the years
 2030 and 2037 of which a benefit of $152
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$164) has not been recognized.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The total deferred tax liability as at December&amp;#xA0;31, 2017 was
 $1,281 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$1,359). This amount includes the
 deferred tax liability of consolidated entities. The aggregate
 amount of taxable temporary differences associated with the
 Company&amp;#x2019;s own investments in subsidiaries is not included in
 the Consolidated Financial Statements and was $11,780
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$13,102).&lt;/p&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfIncomeTaxExplanatory>
  <ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_C3865ED9-94D2-4051-9035-79DDAD005060_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Acordingly, the summary of
 compensation of key management personnel is as follows.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="78%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Short-term employee benefits&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;44&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;33&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Post-employment benefits&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Share-based payments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;43&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;44&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Termination benefits&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other long-term benefits&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;3&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;98&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;87&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory>
  <ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_371126C2-3CC0-4FC9-BEE5-7B511680F51A_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#2A517F"&gt;&lt;b&gt;Note 7&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;Goodwill and
 Intangible Assets&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(a) Carrying amounts of goodwill and
 intangible assets&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="53%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Balance,&lt;br /&gt;
 January&amp;#xA0;1,&lt;br /&gt;
 2017&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Additions/&lt;br /&gt;
 disposals&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Amortization&lt;br /&gt;
 expense&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Effect&amp;#xA0;of&amp;#xA0;changes&lt;br /&gt;
 in foreign&lt;br /&gt;
 exchange rates&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Balance,&lt;br /&gt;
 December&amp;#xA0;31,&lt;br /&gt;
 2017&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Goodwill&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5,884&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;n/a&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(171&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5,713&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Indefinite life intangible assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Brand&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;805&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;n/a&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(52&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;753&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Fund management contracts and other&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;785&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;n/a&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(30&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;755&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,590&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;n/a&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(82&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,508&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Finite life intangible assets&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Distribution networks&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,093&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;47&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(57&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;989&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Customer relationships&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;969&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;56&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(14&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;899&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Software&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;494&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;306&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;121&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(18&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;661&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;77&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;70&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,633&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;306&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;229&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(91&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,619&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total intangible assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,223&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;306&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;229&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(173&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,127&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total goodwill and intangible assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;10,107&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;306&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;229&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(344&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;9,840&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Balance,&lt;br /&gt;
 January&amp;#xA0;1,&lt;br /&gt;
 2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Additions&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;/&lt;br /&gt;
 disposals&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Amortization&lt;br /&gt;
 expense&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Effect of changes&lt;br /&gt;
 in foreign&lt;br /&gt;
 exchange rates&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Balance,&lt;br /&gt;
 December&amp;#xA0;31,&lt;br /&gt;
 2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Goodwill&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;5,685&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;256&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;n/a&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(57&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;5,884&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Indefinite life intangible assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Brand&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;831&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;n/a&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(26&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;805&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Fund management contracts and other&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;723&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;76&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;n/a&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(14&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;785&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,554&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;76&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;n/a&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(40&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,590&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Finite life intangible assets&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Distribution networks&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;726&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;450&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;50&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(33&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,093&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Customer relationships&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;947&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;79&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;53&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(4&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;969&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Software&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;396&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;229&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;126&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(5&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;494&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;76&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;6&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;5&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;77&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2,145&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;764&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;234&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(42&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2,633&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total intangible assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;3,699&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;840&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;234&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(82&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;4,223&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total goodwill and intangible assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;9,384&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;1,096&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;234&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(139&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;10,107&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;For fund management contracts, the
 significant CGUs to which these were allocated and their associated
 carrying values were John Hancock Investments and Retirement Plan
 Services with $367 (2016 &amp;#x2013; $393) and Canadian Wealth
 (excluding Manulife Bank of Canada) with $273 (2016 &amp;#x2013;
 $273).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Gross carrying amount of finite life
 intangible assets was $1,294 for distribution networks, $1,128 for
 customer relationships, $1,841 for software and $126 for other
 (2016 &amp;#x2013; $1,363, $1,142, $1,581 and $133, respectively).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;In 2016, acquisitions of Standard
 Chartered&amp;#x2019;s MPF business in Hong Kong and
 Transamerica&amp;#x2019;s broker-dealer business in the USA led to
 additions of goodwill of $194 and $59 and intangible assets of $193
 and $26, respectively. Commencement of sales through the DBS
 relationship led to recognition of $536 of distribution
 networks.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;In 2016, disposals include
 impairments of distribution networks for discontinued products of
 $150 in the U.S. Division.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(b) Goodwill impairment
 testing&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 In the fourth quarter of 2017, the Company completed its annual
 goodwill impairment testing by determining the recoverable amounts
 of its businesses using valuation techniques discussed below or
 based on the most recent detailed similar calculations made in a
 prior period (refer to notes 1(f) and 7(c)).&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company has determined that there was no impairment of goodwill
 in 2017 and 2016.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company allocates goodwill to cash-generating units
 (&amp;#x201C;CGU&amp;#x201D;) or groups of CGUs. Factors considered when
 identifying the Company&amp;#x2019;s CGUs include how the Company is
 organized to interact with customers, how products are presented
 and sold, and where interdependencies exist. The following tables
 present the carrying value of goodwill by CGUs.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="63%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 CGU or Group of CGUs&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Balance,&lt;br /&gt;
 January&amp;#xA0;1,&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;2017&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Additions/&lt;br /&gt;
 disposals&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Effect of&lt;br /&gt;
 changes in&lt;br /&gt;
 foreign&lt;br /&gt;
 exchange&lt;br /&gt;
 rates&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Balance,&lt;br /&gt;
 December&amp;#xA0;31,&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;2017&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Asia (excluding Hong Kong and Japan)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;160&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(6&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;154&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Hong Kong&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;194&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(14&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;180&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Japan Insurance and Wealth&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;403&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(12&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;391&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Canadian Individual Life&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;155&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;155&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Canadian Affinity Markets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;83&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;83&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Canadian Wealth (excluding Manulife Bank)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,085&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,085&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Canadian Group Benefits and Group Retirement Solutions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,773&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,773&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 International Group Program&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;90&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(6&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;84&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Insurance&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;428&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(28&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;400&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Investments and Retirement Plan Services&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,220&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(99&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,121&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management and Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;293&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(6&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;287&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;5,884&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(171&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;5,713&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 CGU or Group of CGUs&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Balance,&lt;br /&gt;
 January&amp;#xA0;1,&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;2016&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Additions/&lt;br /&gt;
 disposals&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Effect of&lt;br /&gt;
 changes in&lt;br /&gt;
 foreign&lt;br /&gt;
 exchange&lt;br /&gt;
 rates&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Balance,&lt;br /&gt;
 December&amp;#xA0;31,&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;2016&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Asia (excluding Hong Kong and Japan)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;166&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(6&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;160&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Hong Kong&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;194&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;194&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Japan Insurance and Wealth&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;404&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;403&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Canadian Individual Life&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;155&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;155&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Canadian Affinity Markets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;83&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;83&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Canadian Wealth (excluding Manulife Bank)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,085&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,085&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Canadian Group Benefits and Group Retirement Solutions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,773&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,773&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 International Group Program&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;93&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(3&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;90&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Insurance&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;378&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;59&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(9&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;428&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Investments and Retirement Plan Services&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,254&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(37&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,220&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management and Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;294&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;293&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;5,685&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;256&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(57&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;5,884&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The valuation techniques, significant assumptions and
 sensitivities, where applicable, applied in the goodwill impairment
 testing are described below.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(c) Valuation techniques&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The recoverable amount of each CGU or group of CGUs was based
 on&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;value-in-use&lt;/font&gt;&lt;/font&gt;&amp;#xA0;(&amp;#x201C;VIU&amp;#x201D;)
 for the U.S. (John Hancock) based CGUs, the Canadian Individual
 Life CGU and the Japan Insurance and Wealth CGU. For all other
 CGUs, fair value less costs to sell (&amp;#x201C;FVLCS&amp;#x201D;) was used.
 When determining if a CGU is impaired, the Company compares its
 recoverable amount to the allocated capital for that unit, which is
 aligned with the Company&amp;#x2019;s internal reporting practices.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Under the VIU approach, an embedded appraisal value is determined
 from a projection of future distributable earnings derived from
 both the&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;in-force&lt;/font&gt;&amp;#xA0;business
 and new business expected to be sold in the future, and therefore,
 reflects the economic value for each CGU&amp;#x2019;s or group of
 CGUs&amp;#x2019; profit potential under a set of assumptions. This
 approach requires assumptions including sales and revenue growth
 rates, capital requirements, interest rates, equity returns,
 mortality, morbidity, policyholder behaviour, tax rates and
 discount rates.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Under the FVLCS approach, the Company determines the fair value of
 the CGU or group of CGUs using an earnings-based approach which
 incorporates forecasted earnings, excluding interest and equity
 market impacts and normalized new business expenses multiplied by
 an earnings multiple derived from the
 observable&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;price-to-earnings&lt;/font&gt;&lt;/font&gt;&amp;#xA0;multiples
 of comparable financial institutions.
 The&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;price-to-earnings&lt;/font&gt;&lt;/font&gt;&amp;#xA0;multiples
 used by the Company for testing ranged from 10.6 to 14.8
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;10.3 to 13.8).&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(d) Significant assumptions&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 To calculate embedded value, the Company discounted projected
 earnings from&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;in-force&lt;/font&gt;&amp;#xA0;contracts
 and valued 10 years of new business growing at expected plan
 levels, consistent with the periods used for forecasting long-term
 businesses such as insurance. In arriving at its projections, the
 Company considered past experience, economic trends such as
 interest rates, equity returns and product mix as well as industry
 and market trends. Where growth rate assumptions for new business
 cash flows were used in the embedded value calculations, they
 ranged from negative five per cent to 15&amp;#xA0;per cent
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;negative five per cent to 15 per cent).&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Interest rate assumptions are based on prevailing market rates at
 the valuation date.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Tax rates applied to the projections include the impact of internal
 reinsurance treaties and amounted to 26.8&amp;#xA0;per cent,
 35&amp;#xA0;per cent and 28.1&amp;#xA0;per cent
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;26.8&amp;#xA0;per cent, 35&amp;#xA0;per cent and
 28.2 per cent) for the Canadian, U.S. and Japan jurisdictions,
 respectively. Tax assumptions are sensitive to changes in tax laws
 as well as assumptions about the jurisdictions in which profits are
 earned. It is possible that actual tax rates could differ from
 those assumed.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Discount rates assumed in determining
 the&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;value-in-use&lt;/font&gt;&lt;/font&gt;&amp;#xA0;for
 applicable CGUs or groups of CGUs ranged from nine per cent to
 14&amp;#xA0;per cent on an&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;after-tax&lt;/font&gt;&amp;#xA0;basis or
 11&amp;#xA0;per cent to 15&amp;#xA0;per cent on
 a&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;pre-tax&lt;/font&gt;&amp;#xA0;basis
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;nine per cent to 14&amp;#xA0;per cent on
 an&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;after-tax&lt;/font&gt;&amp;#xA0;basis or
 11&amp;#xA0;per cent to 15&amp;#xA0;per cent on
 a&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;pre-tax&lt;/font&gt;&amp;#xA0;basis).&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The key assumptions described above may change as economic and
 market conditions change, which may lead to impairment charges in
 the future. Changes in discount rates and cash flow projections
 used in the determination of embedded values or reductions in
 market-based earnings multiples may result in impairment charges in
 the future which could be material.&lt;/p&gt;


 &lt;/div&gt;</ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory>
  <ifrs-full:DisclosureOfInterestsInUnconsolidatedStructuredEntitiesExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_7CA3366C-4AA9-4EAE-BBDF-641EBA333ADB_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following table presents the
 Company&amp;#x2019;s interests and maximum exposure to loss from
 significant unconsolidated financing SEs.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="82%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Company&amp;#x2019;s interests&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Finance (Delaware), L.P.&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;835&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;876&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Financial Capital Trust II&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,000&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;1,000
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;1,835&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;1,876
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The Company&amp;#x2019;s interests include
 amounts borrowed from the SEs and the Company&amp;#x2019;s investment in
 their subordinated capital, and foreign currency and interest swaps
 with them, if any.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;This entity is a wholly-owned
 partnership used to facilitate the Company&amp;#x2019;s financing. Refer
 to notes 12 and 18.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;This entity is an open-ended trust
 that is used to facilitate the Company&amp;#x2019;s financing. Refer to
 note 12.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfInterestsInUnconsolidatedStructuredEntitiesExplanatory>
  <ifrs-full:DisclosureOfInvestmentContractsLiabilitiesExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_DAA7FFA6-948F-4322-87A0-8D8F6CEA9024_1_0">&lt;div&gt;
 &lt;p style="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#2A517F"&gt;&lt;b&gt;Note
 9&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;Investment Contract
 Liabilities&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Investment contract liabilities are
 contractual obligations that do not contain significant insurance
 risk. Those contracts are measured at either fair value or at
 amortized cost.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(a)
 Investment contract liabilities measured at fair
 value&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Investment contract liabilities
 measured at fair value include certain investment savings and
 pension products sold primarily in Hong&amp;#xA0;Kong and China. The
 following table presents movement in investment contract
 liabilities measured at fair value during the year.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center"&gt;
 &lt;tr&gt;
 &lt;td width="80%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;2016&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Balance, January&amp;#xA0;1&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;631&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;785&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 New policies&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;50&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;53&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Changes in market conditions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;76&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(103&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Redemptions, surrenders and maturities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(72&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(83&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Impact of changes in foreign exchange rates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(46&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;(21&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Balance, December&amp;#xA0;31&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;639&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;631&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(b)
 Investment contract liabilities measured at amortized
 cost&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Investment contract liabilities
 measured at amortized cost include several fixed annuity products
 sold in Canada and U.S. fixed annuity products that provide
 guaranteed income payments for a contractually determined period of
 time and are not contingent on survivorship.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:1px;margin-top:6px;margin-bottom:0px"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Investment contract liabilities
 measured at amortized cost are shown below. The fair value
 associated with these contracts is also shown for comparative
 purposes.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center"&gt;
 &lt;tr&gt;
 &lt;td width="63%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="font-size:1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="8" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="8"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td colspan="2" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c"&gt;2016&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;Amortized&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" align="right"&gt;cost&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;Fair value&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td colspan="2" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;Amortized&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" align="right"&gt;cost&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;Fair value&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 U.S. fixed annuity products&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;1,282&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;1,433&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;1,412&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;1,516&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Canadian fixed annuity products&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;1,205&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;1,354&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;1,232&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;1,389&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Investment contract liabilities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;2,487&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;2,787&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;2,644&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;2,905&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The changes in investment contract
 liabilities measured at amortized cost was a result of the
 following business activities.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center"&gt;
 &lt;tr&gt;
 &lt;td width="81%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="font-size:1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;2016&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Balance, January&amp;#xA0;1&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;2,644&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;2,712&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Policy deposits&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;68&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;112&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Interest&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;100&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;100&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Withdrawals&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;(232&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(235&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Fees&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Impact of changes in foreign exchange rates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(91&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;(45&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Balance, December&amp;#xA0;31&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;2,487&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;2,644&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Carrying value of fixed annuity
 products is amortized at a rate that exactly discounts the
 projected actual cash flows to the net carrying amount of the
 liability at the date of issue.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Fair value of fixed annuity
 products is determined by projecting cash flows according to the
 contract terms and discounting the cash flows at current market
 rates adjusted for the Company&amp;#x2019;s own credit standing. All
 investment contracts were categorized in Level&amp;#xA0;2 of the fair
 value hierarchy (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;Level 2).&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(c)
 Investment contracts contractual obligations&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Investment contracts give rise to
 obligations fixed by agreement. As at December&amp;#xA0;31, 2017, the
 Company&amp;#x2019;s contractual obligations and commitments relating to
 investment contracts are as follows.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" align="center"&gt;
 &lt;tr&gt;
 &lt;td width="58%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Payments due by period&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" nowrap="nowrap" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;Less
 than&lt;br /&gt;
 1 year&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;1 to 3&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" align="right"&gt;years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;3 to 5&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" align="right"&gt;years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;Over 5&lt;br /&gt;
 years&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;Total&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Investment contract liabilities&lt;sup style="font-size:85%; vertical-align:top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;283&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;536&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;481&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;3,944&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;5,244&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;
 &lt;tr style="page-break-inside:avoid"&gt;
 &lt;td width="1%" valign="top" align="left"&gt;&lt;sup style="font-size:85%; vertical-align:top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td align="left" valign="top"&gt;Due to the nature of the products,
 the timing of net cash flows may be before contract maturity. Cash
 flows are undiscounted.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfInvestmentContractsLiabilitiesExplanatory>
  <ifrs-full:DisclosureOfOperatingSegmentsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_6BA11D9B-1847-4B81-A4C8-F97BABB2814C_1_0">&lt;div&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Effective January&amp;#xA0;1, 2017, the
 operations of Manulife Asset Management are being reflected in the
 respective Divisional results. These operations were reported in
 the Corporate and Other division for 2016.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;By
 segment&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center"&gt;
 &lt;tr&gt;
 &lt;td width="50%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="font-size:1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at and for the year
 ended&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;December&amp;#xA0;31, 2017&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;Asia
 Division&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;Canadian&lt;br /&gt;
 Division&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;U.S.
 Division&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" nowrap="nowrap" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 Corporate&lt;br /&gt;
 and&amp;#xA0;Other&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;Total&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Revenue&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Premium income&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Life and health insurance&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;13,145&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;4,322&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;6,778&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;110&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;24,355&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Annuities and pensions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;2,568&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;443&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;844&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;3,855&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Net premium income&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;15,713&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;4,765&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;7,622&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;110&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;28,210&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Net investment income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;4,080&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;4,573&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;10,649&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;65&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;19,367&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Other revenue&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;1,739&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;3,517&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;6,166&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(676&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;10,746&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Total revenue&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;21,532&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;12,855&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;24,437&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(501&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;58,323&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Contract benefits and expenses&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Life and health insurance&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;11,961&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;5,644&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;16,464&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;461&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;34,530&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Annuities and pensions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;2,051&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;1,813&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;907&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;4,771&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Net benefits and claims&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;14,012&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;7,457&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;17,371&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;461&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;39,301&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Interest expense&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;164&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;307&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;37&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;631&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;1,139&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Other expenses&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;4,937&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;4,435&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;6,050&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(40&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;15,382&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Total contract benefits and expenses&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;19,113&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;12,199&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;23,458&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;1,052&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;55,822&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Income (loss) before income taxes&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;2,419&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;656&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;979&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;(1,553&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;2,501&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Income tax recovery (expense)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(403&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;95&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(1,275&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;1,344&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(239&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Net income (loss)&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;2,016&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;751&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;(296&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;(209&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;2,262&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Less net income (loss) attributed to:&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;font style="white-space:nowrap"&gt;Non-controlling&lt;/font&gt;
 interests&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;197&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(3&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;194&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"&gt;
 Participating policyholders&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(30&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(6&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(36&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Net income (loss) attributed to shareholders&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;1,849&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;757&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(296&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(206&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;2,104&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Total assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;105,233&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;220,755&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;383,528&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;20,017&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;729,533&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="font-size:1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at and for the year
 ended&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;December&amp;#xA0;31, 2016&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;Asia Division&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;Canadian&lt;br /&gt;
 Division&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;U.S. Division&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" nowrap="nowrap" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;Corporate&lt;br /&gt;
 and&amp;#xA0;Other&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;Total&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Revenue&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Premium income&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Life and health insurance&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;12,111&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,366&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,703&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;88&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;23,268&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Annuities and pensions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;3,474&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;606&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;284&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;4,364&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Net premium income&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;15,585&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,972&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,987&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;88&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;27,632&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Net investment income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,143&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,255&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7,980&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;146&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;14,524&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Other revenue&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;1,566&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;3,480&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;5,591&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;544&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;11,181&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Total revenue&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;19,294&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;12,707&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;20,558&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;778&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;53,337&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Contract benefits and expenses&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Life and health insurance&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,435&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,207&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,829&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;806&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;27,277&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Annuities and pensions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;2,913&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;1,179&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;2,765&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;6,857&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Net benefits and claims&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,348&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,386&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,594&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;806&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;34,134&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Interest expense&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;146&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;305&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;45&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;517&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,013&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Other expenses&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;4,241&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;4,279&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;5,619&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;722&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;14,861&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Total contract benefits and expenses&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;17,735&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;10,970&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;19,258&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;2,045&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;50,008&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Income (loss) before income taxes&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,559&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,737&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,300&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,267&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,329&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Income tax recovery (expense)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;(243&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;(250&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;(166&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;463&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;(196&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Net income (loss)&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,316&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,487&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,134&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(804&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,133&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Less net income (loss) attributed to:&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;font style="white-space:nowrap"&gt;Non-controlling&lt;/font&gt;
 interests&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;115&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;28&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;143&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"&gt;
 Participating policyholders&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;60&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;1&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;61&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Net income (loss) attributed to shareholders&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;1,141&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;1,486&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;1,134&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;(832&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;2,929&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Total assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;92,843&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;&amp;#xA0;&amp;#xA0;214,820&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;&amp;#xA0;&amp;#xA0;386,619&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;&amp;#xA0;&amp;#xA0;26,399&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;&amp;#xA0;&amp;#xA0;720,681&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfOperatingSegmentsExplanatory>
  <ifrs-full:DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_020AE9BD-B61B-4BFB-9FDD-B430A4E0E242_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(j)
 Sensitivity of assumptions on obligation&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Assumptions used can have a
 significant effect on the obligations reported for defined benefit
 pension and retiree welfare plans. The potential impact on the
 obligations arising from changes in the key assumptions is set out
 in the following table. The sensitivities assume all other
 assumptions are held constant. In actuality, inter-relationships
 with other assumptions may exist.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="73%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Pension&amp;#xA0;plans&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Retiree&amp;#xA0;welfare&amp;#xA0;plans&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Discount rate:&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impact of a 1% increase&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(451&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(67&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impact of a 1% decrease&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;536&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;82&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Health care cost trend rate:&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impact of a 1% increase&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;n/a&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;24&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impact of a 1% decrease&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;n/a&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(21&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Mortality rates&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impact of a 10% decrease&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;119&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;16&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;If the actuarial estimates of
 mortality are adjusted in the future to reflect unexpected
 decreases in mortality, the effect of a 10% decrease in mortality
 rates at each future age would be an increase in life expectancy at
 age 65 of 0.9 years for U.S. males and females and 0.8 years for
 Canadian males and females.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory>
  <ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_CC19A4CB-9E67-40B0-8D3E-FBCEE70250BE_1_0">&lt;div&gt;
 &lt;p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(f)
 Goodwill and intangible assets&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Goodwill represents the difference
 between the purchase consideration of an acquired business and the
 Company&amp;#x2019;s proportionate share of the net identifiable assets
 acquired. It is initially recorded at cost and subsequently
 measured at cost less any accumulated impairment.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Goodwill is tested for impairment
 at least annually and whenever events or changes in circumstances
 indicate that the carrying amounts may not be recoverable at the
 cash generating unit (&amp;#x201C;CGU&amp;#x201D;) or group of CGUs level.
 The Company allocates goodwill to CGUs or groups of CGUs for the
 purpose of impairment testing based on the lowest level within the
 entity in which the goodwill is monitored for internal management
 purposes. The allocation is made to those CGUs or groups of CGUs
 that are expected to benefit from the business combination in which
 the goodwill arose. Any potential impairment of goodwill is
 identified by comparing the recoverable amount of a CGU or group of
 CGUs to its carrying value. Goodwill is reduced by the amount of
 deficiency, if any. If the deficiency exceeds the carrying amount
 of goodwill, the carrying values of the remaining assets in the CGU
 or group of CGUs are subject to being reduced by the excess on a
 &lt;font style="white-space:nowrap"&gt;pro-rata&lt;/font&gt; basis.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The recoverable amount of a CGU is
 the higher of the estimated fair value less costs to sell or the
 &lt;font style="white-space:nowrap"&gt;&lt;font style="white-space:nowrap"&gt;value-in-use&lt;/font&gt;&lt;/font&gt; of the CGU. In
 assessing &lt;font style="white-space:nowrap"&gt;&lt;font style="white-space:nowrap"&gt;value-in-use,&lt;/font&gt;&lt;/font&gt; estimated future
 cash flows are discounted using a &lt;font style="white-space:nowrap"&gt;pre-tax&lt;/font&gt; discount rate that reflects
 current market assessments of the time value of money and the risks
 specific to the asset. In some cases, the most recent detailed
 calculation made in a prior period of the recoverable amount of a
 CGU is used in the testing of impairment of goodwill in the current
 period. This is the case only if there are no significant changes
 to the CGU, the likelihood of impairment is remote based on the
 analysis of current events and circumstances, and the most recent
 recoverable amount substantially exceeds the carrying amount of the
 CGU.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Intangible assets with indefinite
 useful lives include the John Hancock brand name and certain
 investment management contracts. The indefinite useful life
 assessment for brand is based on the brand name being protected in
 markets where branded products are sold by trademarks, which are
 renewable indefinitely, and for certain investment management
 contracts due to the ability to renew these contracts indefinitely.
 In addition, there are no legal, regulatory or contractual
 provisions that limit the useful lives of these intangible assets.
 An intangible asset with an indefinite useful life is not amortized
 but is subject to an annual impairment test which is performed more
 frequently if there is an indication that it is not
 recoverable.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Intangible assets with finite
 useful lives include acquired distribution networks, customer
 relationships, capitalized software, certain investment management
 contracts and other contractual rights. Distribution networks,
 customer relationships, and other finite life intangible assets are
 amortized over their estimated useful lives, six to 68 years,
 either based on straight-line or in relation to other asset
 consumption metrics. Software intangible assets are amortized on a
 straight-line basis over their estimated useful lives of three to
 five years. Finite life intangible assets are assessed for
 indicators of impairment at each reporting period. If any
 indication of impairment exists, these assets are subject to an
 impairment test.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory>
  <ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_A3B58DB1-A0FA-4038-A61E-D3B65C7F1956_1_0">&lt;div&gt;
 &lt;p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(n)
 Stock-based compensation&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The Company provides stock-based
 compensation to certain employees and directors as described in
 note 15. Compensation expense of equity instruments is accrued
 based on the best estimate of the number of instruments expected to
 vest, with revisions made to that estimate if subsequent
 information indicates that actual forfeitures are likely to differ
 from initial estimates, unless forfeitures are due to market-based
 conditions.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Stock options are expensed with a
 corresponding increase in contributed surplus. Restricted share
 units and deferred share units are expensed with a corresponding
 liability accrued based on the market value of MFC&amp;#x2019;s common
 shares at the end of each quarter. Performance share units are
 expensed with a corresponding liability accrued based on specific
 performance conditions and the market value of MFC&amp;#x2019;s common
 shares at the end of each quarter. The change in the value of the
 awards resulting from changes in the market value of MFC&amp;#x2019;s
 common shares or changes in the specific performance conditions and
 credited dividends is recognized in income, offset by the impact of
 total return swaps used to manage the variability of the related
 liability.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Stock-based compensation cost is
 recognized over the applicable vesting period, except if the
 employee is eligible to retire at the time of grant or will be
 eligible to retire during the vesting period. Compensation cost,
 attributable to stock options, restricted share units, and
 performance share units granted to employees who are eligible to
 retire on the grant date or who will become eligible to retire
 during the vesting period, is recognized at the grant date or over
 the period from the grant date to the date of retirement
 eligibility, respectively.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:1px;margin-top:6px;margin-bottom:0px"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The Company&amp;#x2019;s contributions
 to the Global Share Ownership Plan (&amp;#x201C;GSOP&amp;#x201D;) (refer to
 note 15(d)), are expensed as incurred. Under the GSOP, subject to
 certain conditions, the Company will match a percentage of an
 employee&amp;#x2019;s eligible contributions to certain maximums. All
 contributions are used by the plan&amp;#x2019;s trustee to purchase MFC
 common shares in the open market.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory>
  <ifrs-full:DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_573CCACD-595D-4AC7-ACCE-3BE1269F4708_1_400001" unitRef="shares">8000000</ifrs-full:DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares>
  <ifrs-full:DisclosureOfCreditRiskExposureExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_71914D6D-EF73-4F06-90E9-7FC60B219885_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following table presents the
 gross carrying amount of financial instruments subject to credit
 exposure, without considering any collateral held or other credit
 enhancements.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="80%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Debt securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 FVTPL&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;147,024&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;140,890&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 AFS&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;26,976&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;27,732&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Mortgages&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;44,742&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;44,193&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;32,132&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;29,729&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Policy loans&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,808&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,041&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Loans to Bank clients&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,737&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,745&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Derivative assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;15,569&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;23,672&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Accrued investment income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,182&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,260&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Reinsurance assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;30,359&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;34,952&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other financial assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5,253&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;4,844&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;311,782&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;316,058&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfCreditRiskExposureExplanatory>
  <ifrs-full:DisclosureOfDeferredTaxesExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_B3A9152E-AB7C-47FF-959B-D8B669D46214_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents significant components of the
 Company&amp;#x2019;s deferred tax assets and liabilities.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="51%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Balance,&lt;br /&gt;
 January&amp;#xA0;1,&lt;br /&gt;
 2017&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Recognized&lt;br /&gt;
 in Income&lt;br /&gt;
 Statement&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Recognized
 in&lt;br /&gt;
 Other&lt;br /&gt;
 Comprehensive&lt;br /&gt;
 Income&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Recognized&lt;br /&gt;
 in Equity&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Translation&lt;br /&gt;
 and Other&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Balance,&lt;br /&gt;
 December&amp;#xA0;31,&lt;br /&gt;
 2017&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Loss carry forwards&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;942&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(311&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(38&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;596&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Actuarial liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;9,366&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,053&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(17&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(418&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,878&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Pensions and post-employment benefits&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;352&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(87&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(54&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;208&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Tax credits&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;875&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(369&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(52&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;454&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Accrued interest&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;17&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(12&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Real estate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,396&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;284&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(9&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;59&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,062&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Securities and other investments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(6,064&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;2,172&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(239&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;324&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(3,807&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Sale of investments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(163&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;58&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(105&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Goodwill and intangible assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,059&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;197&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;37&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(825&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;210&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(548&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;287&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(50&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,080&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;331&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(320)&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;195&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,288&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Balance,&lt;br /&gt;
 January&amp;#xA0;1,&lt;br /&gt;
 2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Recognized&lt;br /&gt;
 in Income&lt;br /&gt;
 Statement&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Recognized in&lt;br /&gt;
 Other&lt;br /&gt;
 Comprehensive&lt;br /&gt;
 Income&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Recognized&lt;br /&gt;
 in Equity&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Translation&lt;br /&gt;
 and Other&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Balance,&lt;br /&gt;
 December&amp;#xA0;31,&lt;br /&gt;
 2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Loss carry forwards&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,493&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(515&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(36&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;942&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Actuarial liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9,448&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;244&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(5&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(116&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(205&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9,366&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Pensions and post-employment benefits&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;329&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;100&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(79&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;352&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Tax credits&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;750&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;147&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(22&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;875&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Accrued interest&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;121&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(100&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(4&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;17&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Real estate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,812&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;373&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;43&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,396&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Securities and other investments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(6,218&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(243&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;113&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;112&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;172&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(6,064&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Sale of investments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(200&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;37&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(163&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Goodwill and intangible assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,138&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;58&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;21&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,059&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;59&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;134&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(4&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;6&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;15&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;210&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;2,832&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;235&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;25&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(14&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;3,080&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfDeferredTaxesExplanatory>
  <ifrs-full:DisclosureOfDetailedInformationAboutInvestmentPropertyExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_81A15747-D2D2-4F5F-BEF5-23FDFDDE2119_1_0">&lt;div&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The following table presents rental
 income and direct operating expenses of investment
 properties.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center"&gt;
 &lt;tr&gt;
 &lt;td width="83%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="font-size:1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;2016&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Rental income from investment properties&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;1,120&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;1,204&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Direct operating expenses of investment properties that generated
 rental income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(694&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;(764&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;426&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;440&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfDetailedInformationAboutInvestmentPropertyExplanatory>
  <ifrs-full:DisclosureOfEmployeeBenefitsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_B06EE77A-8D10-4FE1-BC3D-E695D939DD1F_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#2A517F"&gt;&lt;b&gt;Note 16&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0; Employee
 Future Benefits&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company maintains defined contribution and defined benefit
 pension plans and other post-employment plans for employees and
 agents including registered (tax qualified) pension plans that are
 typically funded, as well as
 supplemental&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;non-registered&lt;/font&gt;&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;(non-qualified)&lt;/font&gt;&amp;#xA0;pension
 plans for executives, retiree welfare plans and disability welfare
 plans that are typically not funded.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(a) Plan characteristics&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 To reduce the financial risk associated with final average pay
 defined benefit pension plans and retiree welfare plans, the
 Company has over time closed all these plans to new members and, in
 the case of pension plans, has replaced them with capital
 accumulation plans. The latter include defined benefit cash balance
 plans, 401(k) plans and/or defined contribution plans, depending on
 the country of employment. The result is that final average pay
 pension plans account for less than 50&amp;#xA0;per cent of the
 Company&amp;#x2019;s global pension obligations and the number of
 employees who accrue these pensions declines each year.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Prior to the Company&amp;#x2019;s acquisition of the Canadian-based
 operations of Standard Life plc, advance provision had been made on
 Standard Life&amp;#x2019;s balance sheet for continuing its practice of
 regularly granting increases in retiree pensions on
 a&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;non-contractual&lt;/font&gt;&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;ad-hoc&lt;/font&gt;&amp;#xA0;basis.
 In 2016, the Company concluded that increases would no longer be
 regularly granted, consistent with the treatment of pensions for
 retirees under other Manulife plans. To reflect this change, the
 advance provision was removed, reducing the net defined benefit
 liability for the former Standard Life plan by $55 which was
 recorded through income.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 All pension arrangements are governed by local pension committees
 or management but significant plan changes require approval from
 the Company&amp;#x2019;s Board of Directors.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company&amp;#x2019;s funding policy for defined benefit pension
 plans is to make the minimum annual contributions required by
 regulations in the countries in which the plans are offered.
 Assumptions and methods prescribed for regulatory funding purposes
 typically differ from those used for accounting purposes.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company&amp;#x2019;s remaining defined benefit pension and/or
 retiree welfare plans are in the U.S., Canada, Japan, and Taiwan.
 There are also disability welfare plans in the U.S. and Canada.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The largest defined benefit pension and retiree welfare plans are
 the primary plans for employees in the U.S. and Canada. These are
 the material plans that are discussed in the balance of this note.
 The Company measures its defined benefit obligations and fair value
 of plan assets for accounting purposes as at December&amp;#xA0;31 each
 year.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;U.S. defined benefit pension and retiree
 welfare plans&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company operates a qualified cash balance plan that is open to
 new members, a closed&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;non-qualified&lt;/font&gt;&amp;#xA0;cash
 balance plan, and a closed retiree welfare plan.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Actuarial valuations to determine the Company&amp;#x2019;s minimum
 funding contributions for the qualified cash balance plan are
 required annually. Deficits revealed in the funding valuations must
 generally be funded over a period of up to seven years. It is
 expected that there will be no required funding for this plan in
 2018. There are no plan assets set aside for
 the&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;non-qualified&lt;/font&gt;&amp;#xA0;cash
 balance plan.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The retiree welfare plan subsidizes the cost of life insurance and
 medical benefits. The majority of those who retired after 1991
 receive a fixed-dollar subsidy from the Company based on service.
 The plan was closed to all employees hired after 2004. While assets
 have been set aside in a qualified trust to pay future retiree
 welfare benefits, this funding is optional. Retiree welfare
 benefits offered under the plan coordinate with the U.S. Medicare
 program to make optimal use of available federal financial
 support.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The qualified pension and retiree welfare plans are governed by the
 U.S. Benefits Committee, while the&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;non-qualified&lt;/font&gt;&amp;#xA0;pension
 plan is governed by the U.S.&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;Non-Qualified&lt;/font&gt;&amp;#xA0;Plans
 Subcommittee.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Canadian defined benefit pension and
 retiree welfare plans&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company&amp;#x2019;s defined benefit plans in Canada include two
 registered final average pay pension plans,
 a&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;non-registered&lt;/font&gt;&amp;#xA0;supplemental
 final average pay pension plan and a retiree welfare plan, all of
 which have been closed to new members.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Actuarial valuations to determine the Company&amp;#x2019;s minimum
 funding contributions for the registered pension plans are required
 at least once every three years. Deficits revealed in the funding
 valuation must generally be funded over a period of not less than
 ten years. For 2018, the required funding for these plans is
 expected to be $31. The supplemental&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;non-registered&lt;/font&gt;&amp;#xA0;pension
 plan is not funded.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The retiree welfare plan subsidizes the cost of life insurance,
 medical and dental benefits. These subsidies are a fixed dollar
 amount for those who retired after April&amp;#xA0;30, 2013 and will be
 eliminated for those who retire after 2019. There are no assets set
 aside for this plan.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The registered pension plans are governed by Pension Committees,
 while the supplemental&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;non-registered&lt;/font&gt;&amp;#xA0;plan
 is governed by the Board of Directors. The retiree welfare plan is
 governed by management.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(b) Risks&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 In final average pay pension plans and retiree welfare plans, the
 Company generally bears the material risks which include interest
 rate, investment, longevity and health care cost inflation risks.
 In defined contribution plans, these risks are typically borne by
 the employee. In cash balance plans, the interest rate, investment
 and longevity risks are partially transferred to the employee.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Material sources of risk to the Company for all plans include:&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: &amp;quot;Times New Roman&amp;quot;" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 10px; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;A decline in discount rates that
 increases the defined benefit obligations by more than the change
 in value of plan assets;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: &amp;quot;Times New Roman&amp;quot;" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 10px; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Lower than expected rates of
 mortality; and&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: &amp;quot;Times New Roman&amp;quot;" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 10px; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;For retiree welfare plans, higher
 than expected health care costs.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company has managed these risks through plan design and
 eligibility changes that have limited the size and growth of the
 defined benefit obligations. Investment risks for funded plans are
 managed through strategies aimed at improving the alignment between
 movements in the invested assets and movements in the
 obligations.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 In the U.S., delegated committee representatives and management
 review the financial status of the qualified defined benefit
 pension plan at least monthly, and steps are taken in accordance
 with an established dynamic investment policy to reduce the risk in
 the plan as the funded status improves. As at December&amp;#xA0;31,
 2017, the target asset allocation for the plan was 29%
 return-seeking assets and 71% liability-hedging assets.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 In Canada, internal committees and management review the financial
 status of the registered defined benefit pension plans on at least
 a quarterly basis. As at December&amp;#xA0;31, 2017, the target asset
 allocation for the plans was 15% return-seeking assets and 85%
 liability-hedging assets.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(c) Pension and retiree welfare
 plans&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="77%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;Pension plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;Retiree&amp;#xA0;welfare&amp;#xA0;plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Changes in defined benefit obligation:&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Ending balance prior year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,767&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,823&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;682&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;713&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Plan mergers&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;143&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Current service cost&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;48&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;52&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Past service cost&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(57&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest cost&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;182&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;196&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;26&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;28&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Plan participants&amp;#x2019; contributions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Actuarial losses (gains) due to:&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Experience&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;15&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(9&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Demographic assumption changes&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(94&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(16&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Economic assumption changes&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;214&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;116&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;41&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;20&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Benefits paid&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(315&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(314&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(45&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(50&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Impact of changes in foreign exchange rates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(206&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(99&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(35&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(17&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Defined benefit obligation, December&amp;#xA0;31&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;4,706&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;4,767&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;665&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;682&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="77%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;Pension plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;Retiree&amp;#xA0;welfare&amp;#xA0;plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Change in plan assets:&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Fair value of plan assets, ending balance prior year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;4,277&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,122&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;603&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;635&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Plan mergers&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;129&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;164&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;169&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;23&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;25&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Employer contributions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;85&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;106&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;12&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Plan participants&amp;#x2019; contributions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Benefits paid&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(315&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(314&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(45&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(50&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Administration costs&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(5&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(7&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Actuarial gains (losses)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;312&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;158&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;30&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Impact of changes in foreign exchange rates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(191&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(87&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(38&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(18&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Fair value of plan assets, December&amp;#xA0;31&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;4,328&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;4,277&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;587&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;603&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;In Canada, two smaller pension plans
 were merged into the primary Manulife pension plan in 2016. Amounts
 shown represent the value of the defined benefit obligations and
 assets transferred from the smaller plans into the primary Manulife
 plan.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(d) Amounts recognized in the Consolidated
 Statements of Financial Position&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="77%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;Pension plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;Retiree welfare plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Development of net defined benefit liability&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Defined benefit obligation&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;4,706&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;4,767&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;665&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;682&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Fair value of plan assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,328&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;4,277&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;587&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;603&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Deficit&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;378&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;490&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;78&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;79&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Effect of asset limit&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Deficit and net defined benefit liability&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;378&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;490&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;78&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;79&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Deficit is comprised of:&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Funded or partially funded plans&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(383&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(292&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(72&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(63&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Unfunded plans&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;761&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;782&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;150&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;142&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Deficit and net defined benefit liability&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;378&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;490&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;78&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;79&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;No reconciliation has been provided
 for the effect of the asset limit since there was no effect in
 either year. For the funded pension plans, the present value of the
 economic benefits available in the form of reductions in future
 contributions to the plans is significantly greater than the
 surplus that would be expected to develop.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(e) Disaggregation of defined benefit
 obligation&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="37%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="14" align="center"&gt;&lt;b&gt;U.S. plans&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="14" align="center"&gt;&lt;b&gt;Canadian plans&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;Pension plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;Retiree&amp;#xA0;welfare&amp;#xA0;plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;Pension plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;Retiree&amp;#xA0;welfare&amp;#xA0;plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Active members&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;592&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;637&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;34&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;38&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;393&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;403&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;20&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;20&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Inactive and retired members&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,434&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2,528&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;481&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;502&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,287&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,199&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;130&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;122&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;3,026&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;3,165&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;515&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;540&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;1,680&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;1,602&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;150&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;142&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(f) Fair value measurements&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The major categories of plan assets and the actual per cent
 allocation to each category are as follows.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="39%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="16"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="16"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="14" align="center"&gt;&lt;b&gt;U.S.
 plans&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="14" align="center"&gt;&lt;b&gt;Canadian
 plans&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;Pension
 plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;Retiree
 welfare plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;Pension
 plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" nowrap="nowrap" align="center"&gt;Retiree&amp;#xA0;welfare&amp;#xA0;plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Fair&amp;#xA0;value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 %&amp;#xA0;of&amp;#xA0;total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Fair&amp;#xA0;value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 %&amp;#xA0;of&amp;#xA0;total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Fair&amp;#xA0;value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 %&amp;#xA0;of&amp;#xA0;total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Fair&amp;#xA0;value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 %&amp;#xA0;of&amp;#xA0;total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Cash and cash equivalents&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;33&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;33&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity securities&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;695&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;24%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;45&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;8%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;212&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;15%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Debt securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,979&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;67%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;502&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;85%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,165&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;84%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other investments&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;235&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;8%&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1%&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;0%&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;2,942&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;100%&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;587&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;100%&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;1,386&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;100%&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="14" align="center"&gt;&lt;b&gt;U.S. plans&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="14" align="center"&gt;&lt;b&gt;Canadian plans&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;Pension plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;Retiree welfare plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;Pension plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" nowrap="nowrap" align="center"&gt;
 Retiree&amp;#xA0;welfare&amp;#xA0;plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Fair&amp;#xA0;value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;%&amp;#xA0;of&amp;#xA0;total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Fair&amp;#xA0;value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;%&amp;#xA0;of&amp;#xA0;total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Fair&amp;#xA0;value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;%&amp;#xA0;of&amp;#xA0;total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Fair&amp;#xA0;value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;%&amp;#xA0;of&amp;#xA0;total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Cash and cash equivalents&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;15&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;19&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;21&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity securities&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;825&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;28%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;150&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;25%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;460&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;34%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Debt securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,834&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;62%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;427&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;71%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;809&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;60%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other investments&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;259&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;9%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;7&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;54&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;4%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;2,933&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;100%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;603&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;100%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;1,344&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;100%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;All the U.S. pension and retiree
 welfare plan assets have daily quoted prices in active markets,
 except for the private equity, timber and agriculture assets. In
 the aggregate, the latter assets represent approximately 6% of all
 U.S. pension and retiree welfare plan assets as at
 December&amp;#xA0;31, 2017 (2016 &amp;#x2013; 6%).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;All the Canadian pension plan assets
 have daily quoted prices in active markets, except for the group
 annuity contract assets that represent approximately 0.3% of all
 Canadian pension plan assets as at December&amp;#xA0;31, 2017 (2016
 &amp;#x2013; 3%, including real estate and mortgage assets that were
 sold in 2017).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Equity securities include direct
 investments in MFC common shares of $1.3 (2016 &amp;#x2013; $1.1) in the
 U.S. retiree welfare plan and $nil (2016 &amp;#x2013; $nil) in
 Canada.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Other U.S. plan assets include
 investment in private equity, timberland and agriculture, and
 managed futures in 2017. Other Canadian pension plan assets include
 investment in the group annuity contract.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(g) Net benefit cost recognized in the
 Consolidated Statements of Income&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Components of the net benefit cost for the pension plans and
 retiree welfare plans were as follows.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="62%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;Pension plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;Retiree&amp;#xA0;welfare&amp;#xA0;plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Defined benefit current service cost&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;48&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;52&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Defined benefit administrative expenses&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Past service cost&amp;#xA0;&amp;#x2013;&amp;#xA0;plan amendments&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(57&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Service cost&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;53&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest on net defined benefit (asset) liability&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;18&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;27&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;3&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Defined benefit cost&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;71&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;29&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Defined contribution cost&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;75&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;69&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net benefit cost&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;146&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;98&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;6&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;6&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Includes service and interest costs
 for the two plans merged into the primary Manulife plan after
 August&amp;#xA0;1, 2016.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Past service cost in 2016 includes
 ($55) reflecting the removal of the advance provision made in prior
 years for&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;non-contractual,&lt;/font&gt;&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;ad-hoc&lt;/font&gt;&amp;#xA0;increases
 in pension for Standard Life retirees.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(h)&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;Re-measurement&lt;/font&gt;&amp;#xA0;effects
 recognized in Other Comprehensive Income&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="59%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Pension plans&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" nowrap="nowrap"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Retiree&amp;#xA0;welfare&amp;#xA0;plans&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
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 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Actuarial gains (losses) on defined benefit obligations:&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
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 &lt;/tr&gt;
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 Experience&lt;/p&gt;
 &lt;/td&gt;
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 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
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 &lt;/tr&gt;
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 Demographic assumption changes&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
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 &lt;td valign="bottom" align="right"&gt;94&lt;/td&gt;
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 &lt;/tr&gt;
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 Economic assumption changes&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(214&lt;/b&gt;&lt;/td&gt;
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 &lt;/tr&gt;
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 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Return on plan assets greater (less) than discount rate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;312&lt;/b&gt;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;158&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;8&lt;/td&gt;
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 &lt;/tr&gt;
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 &lt;b&gt;Total&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;re-measurement&lt;/font&gt;&amp;#xA0;effects&lt;/b&gt;&lt;/p&gt;
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 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(i) Assumptions&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The key assumptions used by the Company to determine the defined
 benefit obligation and net benefit cost for the defined benefit
 pension plans and retiree welfare plans were as follows.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
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 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="14"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;&lt;b&gt;U.S. Plans&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="14"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;&lt;b&gt;Canadian Plans&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Pension plans&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Retiree welfare plans&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Pension plans&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Retiree welfare plans&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;To determine the defined benefit obligation at end of
 year&lt;/b&gt;&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;b&gt;:&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Discount rate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3.6%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.1%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3.6%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.1%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3.5%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3.9%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3.6%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.0%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Initial health care cost trend rate&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;n/a&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;n/a&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;8.5%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8.8%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;n/a&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;n/a&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5.9%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6.0%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;To determine the defined benefit cost for the year&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;:&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Discount rate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4.1%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.4%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4.1%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.3%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3.9%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.1%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4.0%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.1%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Initial health care cost trend rate&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;n/a&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;n/a
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;8.8%&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;9.0%
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;n/a&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;n/a
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6.0%&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;6.1%
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Inflation and salary increase
 assumptions are not shown as they do not materially affect
 obligations and cost.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The health care cost trend rate used
 to measure the U.S. based retiree welfare obligation was 8.5%
 grading to 5.0% for 2032 and years thereafter (2016 &amp;#x2013; 8.8%
 grading to 5.0% for 2032) and to measure the net benefit cost was
 8.8% grading to 5.0% for 2032 and years thereafter (2016 &amp;#x2013;
 9.0% grading to 5.0% for 2032). In Canada, the rate used to measure
 the retiree welfare obligation was 5.9% grading to 4.8% for 2026
 and years thereafter (2016 &amp;#x2013; 6.0% grading to 4.8% for 2026)
 and to measure the net benefit cost was 6.0% grading to 4.8% for
 2026 and years thereafter (2016 &amp;#x2013; 6.1% grading to 4.8% for
 2026).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Assumptions regarding future mortality are based on published
 statistics and mortality tables. The current life expectancies
 underlying the values of the obligations in the defined benefit
 pension and retiree welfare plans are as follows.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="78%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;U.S.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Life expectancy (in years) for those currently age 65&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Males&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;22.4&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;22.8&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Females&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;23.9&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;24.7&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Life expectancy (in years) at age 65 for those currently age
 45&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Males&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;24.0&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;23.8&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Females&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;25.5&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;25.6&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(j) Sensitivity of assumptions on
 obligation&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Assumptions used can have a significant effect on the obligations
 reported for defined benefit pension and retiree welfare plans. The
 potential impact on the obligations arising from changes in the key
 assumptions is set out in the following table. The sensitivities
 assume all other assumptions are held constant. In actuality,
 inter-relationships with other assumptions may exist.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="73%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Pension&amp;#xA0;plans&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Retiree&amp;#xA0;welfare&amp;#xA0;plans&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Discount rate:&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impact of a 1% increase&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(451&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(67&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impact of a 1% decrease&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;536&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;82&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Health care cost trend rate:&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impact of a 1% increase&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;n/a&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;24&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impact of a 1% decrease&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;n/a&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(21&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Mortality rates&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impact of a 10% decrease&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;119&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;16&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;If the actuarial estimates of
 mortality are adjusted in the future to reflect unexpected
 decreases in mortality, the effect of a 10% decrease in mortality
 rates at each future age would be an increase in life expectancy at
 age 65 of 0.9 years for U.S. males and females and 0.8 years for
 Canadian males and females.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(k) Maturity profile&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The weighted average duration (in years) of the defined benefit
 obligations is as follows.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="65%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Pension plans&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Retiree welfare plans&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 U.S. plans&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;9.5&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9.2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;9.8&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9.1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Canadian plans&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;12.8&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;12.7
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14.2&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;14.2
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(l) Cash flows &amp;#x2013;
 contributions&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Total cash payments for all employee future benefits, comprised of
 cash contributed by the Company to funded defined benefit pension
 and retiree welfare plans, cash payments directly to beneficiaries
 in respect of unfunded pension and retiree welfare plans, and cash
 contributed to defined contribution pension plans, were as
 follows.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="66%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Pension plans&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Retiree welfare plans&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Defined benefit plans&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;85&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;106&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;12&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Defined contribution plans&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;75&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;69&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;160&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;175
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;12&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;$
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#x2013;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company&amp;#x2019;s best estimate of expected cash payments for
 employee future benefits for the year ending December&amp;#xA0;31, 2018
 is $101 for defined benefit pension plans, $77 for defined
 contribution pension plans and $9 for retiree welfare plans.&lt;/p&gt;


 &lt;/div&gt;</ifrs-full:DisclosureOfEmployeeBenefitsExplanatory>
  <ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_8F58E589-0669-4405-BDB2-A8398DF35A52_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#2A517F"&gt;&lt;b&gt;Note 19&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0; Segmented
 Information&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company&amp;#x2019;s reporting segments are Asia, Canadian, U.S. and
 Corporate and Other Divisions. Each division manages profit and
 loss, develops products and services, defines distribution
 strategies based on the profile and needs of its business and
 market in which it operates. The significant product and service
 offerings of each division are as follows:&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;b&gt;Protection (Asia, Canadian and U.S.
 Divisions).&lt;/b&gt;&amp;#xA0;Includes a variety of individual life
 insurance and individual and group long-term care insurance.
 Products are distributed through multiple distribution channels,
 including insurance agents, brokers, banks, financial planners and
 direct marketing.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;b&gt;Wealth and Asset Management (Asia, Canadian and U.S.
 Divisions).&lt;/b&gt;&amp;#xA0;Offers pension contracts and mutual fund
 products and services. These businesses also offer a variety of
 retirement products to group benefit plans. These businesses
 distribute products through multiple distribution channels,
 including insurance agents and brokers affiliated with the Company,
 securities brokerage firms, financial planners, pension plan
 sponsors, pension plan consultants and banks.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;b&gt;Other Wealth (Asia, Canadian and U.S.
 Divisions).&lt;/b&gt;&amp;#xA0;Includes annuities, single
 premium and banking products. Manulife Bank of Canada offers a
 variety of deposit and credit products to Canadian customers.
 Annuity contracts provide&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;non-guaranteed,&lt;/font&gt;&amp;#xA0;partially
 guaranteed and fully guaranteed investment options through general
 and separate account products. These businesses distribute products
 through multiple distribution channels, including insurance agents
 and brokers affiliated with the Company, financial planners and
 banks.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;b&gt;Corporate and Other Segment.&lt;/b&gt;&amp;#xA0;Comprised of investment
 performance on assets backing capital, net of amounts allocated to
 operating divisions and financing costs; Property and Casualty
 (&amp;#x201C;P&amp;amp;C&amp;#x201D;) Reinsurance Business; as well
 as&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;run-off&lt;/font&gt;&amp;#xA0;reinsurance
 operations including variable annuities and accident and
 health.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Certain allocation methodologies are employed in the preparation of
 segmented financial information. Indirect expenses are allocated to
 business segments using allocation formulas applied on a consistent
 basis, while capital is apportioned to the Company&amp;#x2019;s business
 segments using a risk based methodology. The impact of changes in
 actuarial methods and assumptions (refer to note 8) reported in the
 Consolidated Statements of Income, is included in the Corporate and
 Other segment.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: &amp;quot;Times New Roman&amp;quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Effective January&amp;#xA0;1, 2017, the operations of Manulife Asset
 Management are being reflected in the respective Divisional
 results. These operations were reported in the Corporate and Other
 division for 2016.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;By segment&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: &amp;quot;Times New Roman&amp;quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="50%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at and for the year
 ended&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;December&amp;#xA0;31, 2017&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Asia
 Division&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Canadian&lt;br /&gt;
 Division&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;U.S.
 Division&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Corporate&lt;br /&gt;
 and&amp;#xA0;Other&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Revenue&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Premium income&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Life and health insurance&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;13,145&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,322&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,778&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;110&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;24,355&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Annuities and pensions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,568&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;443&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;844&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,855&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net premium income&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;15,713&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,765&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,622&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;110&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;28,210&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net investment income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,080&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,573&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;10,649&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;65&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;19,367&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other revenue&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,739&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,517&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6,166&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(676&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10,746&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total revenue&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;21,532&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;12,855&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;24,437&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(501&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;58,323&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Contract benefits and expenses&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Life and health insurance&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;11,961&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,644&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16,464&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;461&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;34,530&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Annuities and pensions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,051&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,813&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;907&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,771&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net benefits and claims&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;14,012&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,457&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;17,371&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;461&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;39,301&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest expense&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;164&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;307&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;37&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;631&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,139&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other expenses&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,937&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,435&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6,050&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(40&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;15,382&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total contract benefits and expenses&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;19,113&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;12,199&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;23,458&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,052&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;55,822&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Income (loss) before income taxes&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,419&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;656&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;979&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,553&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,501&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Income tax recovery (expense)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(403&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;95&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,275&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,344&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(239&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net income (loss)&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,016&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;751&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(296&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(209&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,262&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Less net income (loss) attributed to:&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 &lt;font style="WHITE-SPACE: nowrap"&gt;Non-controlling&lt;/font&gt;&amp;#xA0;interests&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;197&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;194&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Participating policyholders&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(30&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(6&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(36&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net income (loss) attributed to shareholders&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,849&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;757&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(296&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(206&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,104&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;105,233&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;220,755&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;383,528&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;20,017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;729,533&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at and for the year
 ended&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;December&amp;#xA0;31, 2016&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Asia Division&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Canadian&lt;br /&gt;
 Division&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;U.S. Division&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Corporate&lt;br /&gt;
 and&amp;#xA0;Other&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Revenue&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Premium income&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Life and health insurance&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;12,111&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,366&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,703&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;88&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;23,268&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Annuities and pensions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;3,474&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;606&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;284&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;4,364&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net premium income&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;15,585&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,972&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,987&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;88&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;27,632&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net investment income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,143&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,255&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7,980&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;146&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;14,524&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other revenue&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,566&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;3,480&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;5,591&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;544&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;11,181&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total revenue&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;19,294&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;12,707&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;20,558&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;778&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;53,337&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Contract benefits and expenses&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Life and health insurance&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,435&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,207&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,829&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;806&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;27,277&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Annuities and pensions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2,913&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,179&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2,765&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;6,857&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net benefits and claims&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,348&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,386&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,594&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;806&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;34,134&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest expense&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;146&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;305&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;45&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;517&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,013&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other expenses&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;4,241&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;4,279&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;5,619&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;722&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;14,861&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total contract benefits and expenses&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;17,735&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;10,970&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;19,258&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2,045&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;50,008&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Income (loss) before income taxes&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,559&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,737&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,300&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,267&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,329&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Income tax recovery (expense)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(243&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(250&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(166&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;463&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(196&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net income (loss)&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,316&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,487&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,134&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(804&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,133&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Less net income (loss) attributed to:&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 &lt;font style="WHITE-SPACE: nowrap"&gt;Non-controlling&lt;/font&gt;&amp;#xA0;interests&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;115&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;28&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;143&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Participating policyholders&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;60&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;61&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net income (loss) attributed to shareholders&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;1,141&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;1,486&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;1,134&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(832&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;2,929&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;92,843&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;214,820&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;386,619&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;26,399&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;720,681&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The results of the Company&amp;#x2019;s business segments differ from
 geographic segment primarily due to the allocation of
 Company&amp;#x2019;s Corporate and Other division into the geographic
 segments to which its businesses relate.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: &amp;quot;Times New Roman&amp;quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14px; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;By geographic location&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 14pt; FONT-FAMILY: &amp;quot;Times New Roman&amp;quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="57%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at and for the year
 ended&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;December&amp;#xA0;31, 2017&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Asia&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Canada&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;U.S.&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Other&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Revenue&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Premium income&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Life and health insurance&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;13,215&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,894&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,780&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;466&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;24,355&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Annuities and pensions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,568&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;443&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;844&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,855&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net premium income&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;15,783&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,337&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,624&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;466&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;28,210&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net investment income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,258&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,642&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;10,407&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;60&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;19,367&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other revenue&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,632&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,187&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5,911&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;16&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10,746&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total revenue&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;21,673&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;12,166&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;23,942&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;542&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;58,323&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at and for the year
 ended&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;December&amp;#xA0;31, 2016&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Asia&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Canada&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;U.S.&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Other&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Revenue&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Premium income&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Life and health insurance&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,184&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,909&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,705&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;470&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;23,268&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Annuities and pensions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;3,474&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;606&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;284&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;4,364&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net premium income&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;15,658&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,515&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,989&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;470&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;27,632&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net investment income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,368&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,096&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7,880&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;180&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;14,524&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other revenue&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,608&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;3,443&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;6,105&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;25&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;11,181&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total revenue&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;19,634&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;12,054&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;20,974&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;675&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;53,337&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;br class="Apple-interchange-newline" /&gt;

 &lt;/div&gt;</ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory>
  <ifrs-full:DisclosureOfFairValueOfPlanAssetsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_3207FECD-B2A4-4D38-87B6-16044571234D_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(f) Fair value measurements&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The major categories of plan assets and the actual per cent
 allocation to each category are as follows.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="39%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="16"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="16"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="14" align="center"&gt;&lt;b&gt;U.S.
 plans&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="14" align="center"&gt;&lt;b&gt;Canadian
 plans&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;Pension
 plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;Retiree
 welfare plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;Pension
 plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" nowrap="nowrap" align="center"&gt;Retiree&amp;#xA0;welfare&amp;#xA0;plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Fair&amp;#xA0;value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 %&amp;#xA0;of&amp;#xA0;total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Fair&amp;#xA0;value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 %&amp;#xA0;of&amp;#xA0;total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Fair&amp;#xA0;value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 %&amp;#xA0;of&amp;#xA0;total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Fair&amp;#xA0;value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 %&amp;#xA0;of&amp;#xA0;total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Cash and cash equivalents&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;33&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;33&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity securities&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;695&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;24%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;45&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;8%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;212&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;15%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Debt securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,979&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;67%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;502&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;85%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,165&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;84%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other investments&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;235&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;8%&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1%&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;0%&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;2,942&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;100%&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;587&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;100%&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;1,386&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;100%&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="14" align="center"&gt;&lt;b&gt;U.S. plans&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="14" align="center"&gt;&lt;b&gt;Canadian plans&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;Pension plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;Retiree welfare plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;Pension plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" nowrap="nowrap" align="center"&gt;
 Retiree&amp;#xA0;welfare&amp;#xA0;plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Fair&amp;#xA0;value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;%&amp;#xA0;of&amp;#xA0;total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Fair&amp;#xA0;value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;%&amp;#xA0;of&amp;#xA0;total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Fair&amp;#xA0;value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;%&amp;#xA0;of&amp;#xA0;total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Fair&amp;#xA0;value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;%&amp;#xA0;of&amp;#xA0;total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Cash and cash equivalents&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;15&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;19&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;21&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity securities&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;825&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;28%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;150&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;25%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;460&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;34%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Debt securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,834&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;62%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;427&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;71%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;809&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;60%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other investments&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;259&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;9%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;7&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;54&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;4%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;2,933&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;100%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;603&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;100%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;1,344&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;100%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;All the U.S. pension and retiree
 welfare plan assets have daily quoted prices in active markets,
 except for the private equity, timber and agriculture assets. In
 the aggregate, the latter assets represent approximately 6% of all
 U.S. pension and retiree welfare plan assets as at
 December&amp;#xA0;31, 2017 (2016 &amp;#x2013; 6%).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;All the Canadian pension plan assets
 have daily quoted prices in active markets, except for the group
 annuity contract assets that represent approximately 0.3% of all
 Canadian pension plan assets as at December&amp;#xA0;31, 2017 (2016
 &amp;#x2013; 3%, including real estate and mortgage assets that were
 sold in 2017).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Equity securities include direct
 investments in MFC common shares of $1.3 (2016 &amp;#x2013; $1.1) in the
 U.S. retiree welfare plan and $nil (2016 &amp;#x2013; $nil) in
 Canada.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Other U.S. plan assets include
 investment in private equity, timberland and agriculture, and
 managed futures in 2017. Other Canadian pension plan assets include
 investment in the group annuity contract.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;


 &lt;/div&gt;</ifrs-full:DisclosureOfFairValueOfPlanAssetsExplanatory>
  <ifrs-full:DisclosureOfFinancialRiskManagementExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_26104A2B-A45A-4078-B193-9DF6AD185D5E_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#2A517F"&gt;&lt;b&gt;Note 10&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;Risk
 Management&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company&amp;#x2019;s policies and procedures for managing risk
 related to financial instruments are presented in the &amp;#x201C;Risk
 Management&amp;#x201D; section of the Company&amp;#x2019;s MD&amp;amp;A for the
 year ended December&amp;#xA0;31, 2017. Specifically, these disclosures
 are included in &amp;#x201C;Market Risk&amp;#x201D; and &amp;#x201C;Liquidity
 Risk&amp;#x201D; in that section. These disclosures are in accordance
 with IFRS 7 &amp;#x201C;Financial Instruments: Disclosures&amp;#x201D; and
 therefore, only the shaded text and tables in the &amp;#x201C;Risk
 Management&amp;#x201D; section form an integral part of these
 Consolidated Financial Statements.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(a) Credit risk&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Credit risk is the risk of loss due to inability or unwillingness
 of a borrower, or counterparty, to fulfill its payment obligations.
 Worsening regional and global economic conditions, segment or
 industry sector challenges, or company specific factors could
 result in defaults or downgrades and could lead to increased
 provisions or impairments related to the Company&amp;#x2019;s general
 fund invested assets, derivative financial instruments and
 reinsurance assets and an increase in provisions for future credit
 impairments that are included in actuarial liabilities.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company&amp;#x2019;s exposure to credit risk is managed through risk
 management policies and procedures which include a defined credit
 evaluation and adjudication process, delegated credit approval
 authorities and established exposure limits by borrower, corporate
 connection, credit rating, industry and geographic region. The
 Company measures derivative counterparty exposure as net potential
 credit exposure, which takes into
 consideration&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;mark-to-market&lt;/font&gt;&lt;/font&gt;&amp;#xA0;values
 of all transactions with each counterparty, net of any collateral
 held, and an allowance to reflect future potential exposure.
 Reinsurance counterparty exposure is measured reflecting the level
 of ceded liabilities.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company also ensures where warranted, that mortgages, private
 placements and loans to Bank clients are secured by collateral, the
 nature of which depends on the credit risk of the counterparty.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 An allowance for losses on loans is established when a loan becomes
 impaired. Allowances for loan losses are calculated to reduce the
 carrying value of the loans to estimated net realizable value. The
 establishment of such allowances takes into consideration normal
 historical credit loss levels and future expectations, with an
 allowance for adverse deviations. In addition, policy liabilities
 include general provisions for credit losses from future asset
 impairments. Impairments are identified through regular monitoring
 of all credit related exposures, considering such information as
 general market conditions, industry and borrower specific credit
 events and any other relevant trends or conditions. Allowances for
 losses on reinsurance contracts are established when a reinsurance
 counterparty becomes unable or unwilling to fulfill its contractual
 obligations. The allowance for loss is based on current recoverable
 amounts and ceded policy liabilities.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Credit risk associated with derivative counterparties is discussed
 in note 10(d) and credit risk associated with reinsurance
 counterparties is discussed in note 10(i).&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Credit exposure&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents the gross carrying amount of financial
 instruments subject to credit exposure, without considering any
 collateral held or other credit enhancements.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="80%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Debt securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 FVTPL&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;147,024&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;140,890&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 AFS&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;26,976&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;27,732&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Mortgages&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;44,742&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;44,193&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;32,132&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;29,729&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Policy loans&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,808&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,041&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Loans to Bank clients&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,737&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,745&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Derivative assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;15,569&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;23,672&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Accrued investment income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,182&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,260&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Reinsurance assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;30,359&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;34,952&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other financial assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5,253&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;4,844&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;311,782&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;316,058&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Credit quality&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Credit quality of commercial mortgages and private placements is
 assessed at least annually by using an internal rating based on
 regular monitoring of credit-related exposures, considering both
 qualitative and quantitative factors.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 A provision is recorded when the internal risk ratings indicate
 that a loss represents the most likely outcome. The assets are
 designated as&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;non-accrual&lt;/font&gt;&amp;#xA0;and an
 allowance is established based on an analysis of the security and
 repayment sources.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents the credit quality and carrying value
 of commercial mortgages and private placements.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="47%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;AAA&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;AA&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;A&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;BBB&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;BB&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 B&amp;#xA0;and&amp;#xA0;lower&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Commercial mortgages&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Retail&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;110&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,517&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,363&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,050&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;44&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;57&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;8,141&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Office&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;57&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,272&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,635&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,647&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;70&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;28&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,709&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Multi-family residential&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;523&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,395&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,805&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;726&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,449&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Industrial&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;33&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;386&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,542&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;477&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;145&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,583&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;362&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;331&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,012&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;973&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,692&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total commercial mortgages&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,085&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,901&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;13,357&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5,873&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;273&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;85&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;25,574&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Agricultural mortgages&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;159&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;405&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;25&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;589&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,038&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,246&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;11,978&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;13,160&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;717&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;993&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;32,132&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;2,123&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;9,306&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;25,335&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;19,438&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;1,015&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;1,078&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;58,295&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;AAA&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;AA&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;A&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;BBB&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;BB&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;B and lower&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Commercial mortgages&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Retail&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;97&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,620&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,391&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,084&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8,199&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Office&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;68&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,255&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,972&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,938&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;55&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;36&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7,324&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Multi-family residential&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;656&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,362&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,944&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;844&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,806&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Industrial&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;22&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;360&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,452&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;831&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;169&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,834&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;428&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;261&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,323&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;493&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;60&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2,565&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total commercial mortgages&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,271&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;4,858&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;13,082&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;6,190&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;284&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;43&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;25,728&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Agricultural mortgages&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;151&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;61&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;469&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;141&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;822&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,086&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;4,466&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;10,671&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;11,606&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;936&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;964&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;29,729&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;2,357&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;9,475&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;23,814&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;18,265&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;1,361&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;1,007&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;56,279&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Credit quality of residential mortgages and loans to Bank clients
 is assessed at least annually with the loan being performing
 or&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;non-performing&lt;/font&gt;&amp;#xA0;as
 the key credit quality indicator.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Full or partial write-offs of loans are recorded when management
 believes that there is no realistic prospect of full recovery.
 Write-offs, net of recoveries, are deducted from the allowance for
 credit losses. All impairments are captured in the allowance for
 credit losses.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents the carrying value of residential
 mortgages and loans to Bank clients.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="54%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="12"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="12"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10" align="center"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="10" align="center"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Insured&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Uninsured&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;Insured&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;Uninsured&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Residential mortgages&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Performing&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;7,256&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;11,310&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;18,566&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7,574&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,050&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;17,624&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 &lt;font style="WHITE-SPACE: nowrap"&gt;Non-performing&lt;/font&gt;&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;9&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;13&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;19&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Loans to Bank clients&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Performing&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;n/a&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,734&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,734&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;n/a&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,743&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,743&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 &lt;font style="WHITE-SPACE: nowrap"&gt;Non-performing&lt;/font&gt;&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;n/a&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;n/a&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7,260&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;13,056&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;20,316&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;7,580&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;11,808&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;19,388&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;Non-performing&lt;/font&gt;&amp;#xA0;refers
 to assets that are 90 days or more past due if uninsured and 365
 days or more if insured.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The carrying value of government-insured mortgages was 17% of the
 total mortgage portfolio as at December&amp;#xA0;31, 2017
 (2016&amp;#xA0;&amp;#x2013;19%). The majority of these insured mortgages are
 residential loans as classified in the table above.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Past due or credit impaired financial
 assets&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company provides for credit risk by establishing allowances
 against the carrying value of impaired loans and recognizing
 impairment losses on AFS debt securities. In addition, the Company
 reports as impairment certain declines in the fair value of debt
 securities designated as FVTPL which it deems represent an
 impairment.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents the carrying value of past due but not
 impaired and impaired financial assets.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="73%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10" align="center"&gt;Past due but not
 impaired&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Less&amp;#xA0;than&lt;br /&gt;
 90 days&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 90&amp;#xA0;days&lt;br /&gt;
 and&amp;#xA0;greater&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Total&lt;br /&gt;
 impaired&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Debt securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 FVTPL&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;45&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 AFS&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;104&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;106&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;363&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;363&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;40&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em"&gt;
 Mortgages and loans to Bank clients&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;76&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;16&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;92&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;86&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other financial assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;46&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;26&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;72&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;589&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;44&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;633&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;173&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="12"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="bottom" colspan="10" align="center"&gt;Past due but not impaired&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Less than&lt;br /&gt;
 90 days&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;90 days&lt;br /&gt;
 and greater&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Total&lt;br /&gt;
 impaired&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Debt securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 FVTPL&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;90&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;90&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;38&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 AFS&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;16&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;25&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;215&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;64&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;279&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;152&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Mortgages and loans to Bank clients&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;50&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;20&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;70&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;33&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other financial assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;57&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;54&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;111&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;8&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;428&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;147&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;575&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;231&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table summarizes the Company&amp;#x2019;s loans that are
 considered impaired.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="75%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Gross&lt;br /&gt;
 carrying&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Allowances&lt;br /&gt;
 for losses&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Net&amp;#xA0;carrying&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;79&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;39&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;40&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Mortgages and loans to Bank clients&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;132&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;46&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;86&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;211&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;85&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;126&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Gross&lt;br /&gt;
 carrying&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Allowances&lt;br /&gt;
 for losses&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Net&lt;br /&gt;
 carrying&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;244&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;92&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;152&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Mortgages and loans to Bank clients&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;59&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;26&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;33&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;303&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;118&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;185&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Allowance for loan losses&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="45%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="12"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="12"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10" align="center"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="10" align="center"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;br /&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Private&lt;br /&gt;
 placements&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;br /&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Mortgages&lt;br /&gt;
 and&amp;#xA0;loans&amp;#xA0;to&lt;br /&gt;
 Bank&amp;#xA0;clients&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &amp;#xA0;&lt;br /&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;br /&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;Private&lt;br /&gt;
 placements&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;br /&gt;
 &lt;br /&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;Mortgages&lt;br /&gt;
 and&amp;#xA0;loans&amp;#xA0;to&lt;br /&gt;
 Bank&amp;#xA0;clients&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &amp;#xA0;&lt;br /&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Balance, January&amp;#xA0;1&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;92&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;26&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;118&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;72&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;29&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;101&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Provisions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;33&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;35&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;112&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;14&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;126&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Recoveries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(12&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(13&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(62&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(7&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(69&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Write-offs&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(43&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(12&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(55&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(30&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(10&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(40&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Balance, December&amp;#xA0;31&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;39&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;46&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;85&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;92&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;26&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;118&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Includes disposals and impact of
 changes in foreign exchange rates.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(b) Securities lending, repurchase and
 reverse repurchase transactions&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company engages in securities lending to generate fee income.
 Collateral exceeding the market value of the loaned securities is
 retained by the Company until the underlying security has been
 returned to the Company. The market value of the loaned securities
 is monitored on a daily basis and additional collateral is obtained
 or refunded as the market value of the underlying loaned securities
 fluctuates. As at December&amp;#xA0;31, 2017, the Company had loaned
 securities (which are included in invested assets) with a market
 value of $1,563 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$1,956). The Company holds
 collateral with a current market value that exceeds the value of
 securities lent in all cases.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company engages in reverse repurchase transactions to generate
 fee income, to take possession of securities to cover short
 positions in similar instruments and to meet short-term funding
 requirements. As at December&amp;#xA0;31, 2017, the Company had engaged
 in reverse repurchase transactions of $230
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$250) which are recorded as short-term
 receivables. In addition, the Company had engaged in repurchase
 transactions of $228 as at December&amp;#xA0;31, 2017
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$255) which are recorded as payables.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(c) Credit default swaps&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company replicates exposure to specific issuers by selling
 credit protection via credit default swaps (&amp;#x201C;CDSs&amp;#x201D;) to
 complement its cash debt securities investing. The Company does not
 write CDS protection in excess of its government bond holdings. A
 CDS is a derivative instrument representing an agreement between
 two parties to exchange the credit risk of a single specified
 entity or an index based on the credit risk of a group of entities
 (all commonly referred to as the &amp;#x201C;reference entity&amp;#x201D; or
 a portfolio of &amp;#x201C;reference entities&amp;#x201D;), in return for a
 periodic premium. CDS contracts typically have a five-year
 term.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents details of the credit default swap
 protection sold by type of contract and external agency rating for
 the underlying reference security.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="74%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Notional&lt;br /&gt;
 amount&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Fair value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Weighted&lt;br /&gt;
 average&lt;br /&gt;
 maturity&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(in&amp;#xA0;years)&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Single name CDSs&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Corporate debt&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 AAA&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;13&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 AA&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;35&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 A&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;408&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 BBB&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;150&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total single name CDSs&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;606&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total CDS protection sold&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;606&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;14&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="13"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Notional&lt;br /&gt;
 amount&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Fair value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Weighted&lt;br /&gt;
 average&lt;br /&gt;
 maturity&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(in&amp;#xA0;years)&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Single name CDSs&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Corporate debt&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 AAA&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 AA&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;37&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 A&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;457&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 BBB&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;155&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;4&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;3&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total single name CDSs&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;662&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;18&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;4&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total CDS protection sold&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;662&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;18&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;4&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Rating agency designations are based
 on S&amp;amp;P where available followed by Moody&amp;#x2019;s, DBRS, and
 Fitch. If no rating is available from a rating agency, an
 internally developed rating is used.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&amp;#xA0;&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Notional amounts represent the
 maximum future payments the Company would have to pay its
 counterparties assuming a default of the underlying credit and zero
 recovery on the underlying issuer obligation.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&amp;#xA0;&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The weighted average maturity of the
 CDS is weighted based on notional amounts.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company held no purchased credit protection as at
 December&amp;#xA0;31, 2017 and 2016.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(d) Derivatives&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company&amp;#x2019;s&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;point-in-time&lt;/font&gt;&lt;/font&gt;&amp;#xA0;exposure
 to losses related to credit risk of a derivative counterparty is
 limited to the amount of any net gains that may have accrued with a
 particular counterparty. Gross derivative counterparty exposure is
 measured as the total fair value (including accrued interest) of
 all outstanding contracts in a gain position excluding any
 offsetting contracts in a loss position and the impact of
 collateral on hand. The Company limits the risk of credit losses
 from derivative counterparties by: using investment grade
 counterparties; entering into master netting arrangements which
 permit the offsetting of contracts in a loss position in the case
 of a counterparty default; and entering into Credit Support Annex
 agreements, whereby collateral must be provided when the exposure
 exceeds a certain threshold. All contracts are held with
 counterparties rated&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;BBB-&lt;/font&gt;&amp;#xA0;or higher. As
 at December&amp;#xA0;31, 2017, the percentage of the Company&amp;#x2019;s
 derivative exposure with counterparties
 rated&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;AA-&lt;/font&gt;&amp;#xA0;or higher was
 20&amp;#xA0;per cent (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;22 per cent). The
 Company&amp;#x2019;s exposure to credit risk was mitigated by $10,138
 fair value of collateral held as security as at December&amp;#xA0;31,
 2017 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$12,781).&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 As at December&amp;#xA0;31, 2017, the largest single counterparty
 exposure, without considering the impact of master netting
 agreements or the benefit of collateral held, was $2,629
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$3,891). The net exposure to this
 counterparty, after considering master netting agreements and the
 fair value of collateral held, was $nil
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$nil). As at December&amp;#xA0;31, 2017, the
 total maximum credit exposure related to derivatives across all
 counterparties, without considering the impact of master netting
 agreements and the benefit of collateral held, was $16,204
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$24,603).&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(e) Offsetting financial assets and
 financial liabilities&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Certain derivatives, securities lent and repurchase agreements have
 conditional offset rights. The Company does not offset these
 financial instruments in the Consolidated Statements of Financial
 Position, as the rights of offset are conditional.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 In the case of derivatives, collateral is collected from and
 pledged to counterparties and clearing houses to manage credit risk
 exposure in accordance with Credit Support Annexes to swap
 agreements and clearing agreements. Under master netting
 agreements, the Company has a right of offset in the event of
 default, insolvency, bankruptcy or other early termination.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 In the case of reverse repurchase and repurchase transactions,
 additional collateral may be collected from or pledged to
 counterparties to manage credit exposure according to bilateral
 reverse repurchase or repurchase agreements. In the event of
 default by a counterparty, the Company is entitled to liquidate the
 collateral held to offset against the same counterparty&amp;#x2019;s
 obligation.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents the effect of conditional master
 netting and similar arrangements. Similar arrangements may include
 global master repurchase agreements, global master securities
 lending agreements, and any related rights to financial
 collateral.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="46%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="7%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;
 Related&amp;#xA0;amounts&amp;#xA0;not&amp;#xA0;set&amp;#xA0;off&amp;#xA0;in&amp;#xA0;the&lt;br /&gt;

 Consolidated Statements of&lt;br /&gt;
 Financial Position&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Gross amounts
 of&lt;br /&gt;
 financial&amp;#xA0;instruments&lt;br /&gt;
 presented in the&lt;br /&gt;
 Consolidated&lt;br /&gt;
 Statements of&lt;br /&gt;
 Financial Position&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Amounts&amp;#xA0;subject&amp;#xA0;to&lt;br /&gt;
 an enforceable&lt;br /&gt;
 master netting&lt;br /&gt;
 arrangement or&lt;br /&gt;
 similar agreements&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Financial
 and&lt;br /&gt;
 cash&amp;#xA0;collateral&lt;br /&gt;
 pledged&lt;br /&gt;
 (received)&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Net amount&lt;br /&gt;
 including&lt;br /&gt;
 financing&amp;#xA0;trusts&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Net&amp;#xA0;amounts&lt;br /&gt;
 excluding&lt;br /&gt;
 financing&lt;br /&gt;
 trusts&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Financial assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Derivative assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16,204&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(6,714&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(9,395&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;95&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;95&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Securities lending&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,563&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,563&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Reverse repurchase agreements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;230&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(46&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(184&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total financial assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;17,997&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(6,760&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(11,142&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;95&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;95&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Financial liabilities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Derivative liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(8,649&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,714&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,718&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(217&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(30&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Repurchase agreements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(228&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;46&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;182&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total financial liabilities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(8,877&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6,760&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,900&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(217&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;(30&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;Related amounts not set off in the&lt;br /&gt;
 Consolidated Statements of&lt;br /&gt;
 Financial Position&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Gross amounts of&lt;br /&gt;
 financial instruments&lt;br /&gt;
 presented in the&lt;br /&gt;
 Consolidated&lt;br /&gt;
 Statements of&lt;br /&gt;
 Financial Position&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Amounts subject to&lt;br /&gt;
 an enforceable&lt;br /&gt;
 master netting&lt;br /&gt;
 arrangement or&lt;br /&gt;
 similar agreements&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Financial and&lt;br /&gt;
 cash collateral&lt;br /&gt;
 pledged&lt;br /&gt;
 (received)&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Net amount&lt;br /&gt;
 including&lt;br /&gt;
 financing&lt;br /&gt;
 trusts&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Net amounts&lt;br /&gt;
 excluding&lt;br /&gt;
 financing&lt;br /&gt;
 trusts&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Financial assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Derivative assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;24,603&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(12,031&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(12,382&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;190&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;189&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Securities lending&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,956&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,956&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Reverse repurchase agreements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;250&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(250&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total financial assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;26,809&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(12,031&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(14,588&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;190&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;189&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Financial liabilities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Derivative liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(15,095&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,031&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,800&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(264&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(42&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Repurchase agreements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(255&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;255&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total financial liabilities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(15,350)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;12,031&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;3,055&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(264&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(42&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Financial assets and liabilities
 include accrued interest of $638 and $827, respectively (2016
 &amp;#x2013; $935 and $944, respectively).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Financial and cash collateral exclude
 over-collateralization. As at December&amp;#xA0;31, 2017, the Company
 was over-collateralized on OTC derivative assets, OTC derivative
 liabilities, securities lending and reverse purchase agreements and
 repurchase agreements in the amounts of $743, $382, $79 and $nil,
 respectively (2016 &amp;#x2013; $398, $494, $107 and $1, respectively).
 As at December&amp;#xA0;31, 2017, collateral pledged (received) does
 not include&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;collateral-in-transit&lt;/font&gt;&lt;/font&gt;&amp;#xA0;on
 OTC instruments or initial margin on exchange traded contracts or
 cleared contracts.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Includes derivative contracts entered
 between the Company and its financing trusts which it does not
 consolidate. The Company does not exchange collateral on derivative
 contracts entered with these trusts. Refer to note&amp;#xA0;17.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Certain of the Company&amp;#x2019;s credit linked note assets and
 variable surplus note liabilities have unconditional offset rights.
 Under netting agreements, the Company has rights of offset
 including in the event of the Company&amp;#x2019;s default, insolvency,
 or bankruptcy. These financial instruments are offset in the
 Company&amp;#x2019;s Consolidated Statements of Financial Position.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 A credit linked note is a security that allows the issuer to
 transfer a specific credit risk to the buyer. A surplus note is a
 subordinated debt obligation that often qualifies as surplus (the
 U.S. statutory equivalent of equity) by some U.S. state insurance
 regulators. Interest payments on surplus notes are made after all
 other contractual payments are made. The following table presents
 the effect of unconditional netting.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="57%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="12%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="11%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom" colspan="2" align="right"&gt;Gross amounts
 of&lt;br /&gt;
 financial&amp;#xA0;instruments&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom" colspan="2" align="right"&gt;Amounts subject
 to&lt;br /&gt;
 an enforceable&lt;br /&gt;
 netting&amp;#xA0;arrangement&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom" colspan="2" align="right"&gt;Net amounts
 of&lt;br /&gt;
 financial&amp;#xA0;instruments&lt;br /&gt;
 presented in the&lt;br /&gt;
 Consolidated&lt;br /&gt;
 Statements of&lt;br /&gt;
 Financial Position&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Credit linked note&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DBDED8" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DBDED8" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DBDED8" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;461&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DBDED8" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DBDED8" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DBDED8" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DBDED8" valign="bottom" align="right"&gt;
 &lt;b&gt;(461&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DBDED8" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DBDED8" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DBDED8" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DBDED8" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DBDED8" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Variable surplus note&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom" align="right"&gt;&lt;b&gt;(461&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;461&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;In 2017, the Company entered into a
 twenty-year financing facility with a third party, agreeing to
 issue variable surplus notes in exchange for an equal amount of
 credit linked notes. These notes are held to support John Hancock
 Life Insurance Company (USA) (&amp;#x201C;JHUSA&amp;#x201D;) excess reserves
 under U.S. National Association of Insurance Commissioners&amp;#x2019;
 Model Regulation&amp;#xA0;XXX. In certain scenarios, the credit linked
 note will be drawn upon by the Company which will issue fixed
 surplus notes equal to the draw payment received. The third party
 has agreed to fund any such payment under the credit-linked notes
 in return for a fee. As at December&amp;#xA0;31, 2017, the Company had
 no fixed surplus notes outstanding.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(f) Risk concentrations&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company defines enterprise-wide investment portfolio level
 targets and limits to ensure that portfolios are diversified across
 asset classes and individual investment risks. The Company monitors
 actual investment positions and risk exposures for concentration
 risk and reports its findings to the Executive Risk Committee and
 the Risk Committee of the Board of Directors.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="79%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Debt securities and private placements rated as investment grade
 BBB or higher&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;98%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;97%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Government debt securities as a per cent of total debt
 securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;39%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;43%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Government private placements as a per cent of total private
 placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Highest exposure to a single&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;non-government&lt;/font&gt;&amp;#xA0;debt
 security and private placement issuer&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,044&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,010&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Largest single issuer as a per cent of the total equity
 portfolio&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Income producing commercial office properties
 (2017&amp;#xA0;&amp;#x2013;&amp;#xA0;64% of real estate,
 2016&amp;#xA0;&amp;#x2013;&amp;#xA0;65%)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;8,836&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9,200&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Largest concentration of mortgages and real estate&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&amp;#xA0;&amp;#x2013;&amp;#xA0;Ontario
 Canada (2017&amp;#xA0;&amp;#x2013;&amp;#xA0;25%, 2016&amp;#xA0;&amp;#x2013;&amp;#xA0;24%)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;14,779&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;13,882&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Investment grade debt securities and
 private placements include 42% rated A, 16% rated AA and 17% rated
 AAA (2016 &amp;#x2013; 41%, 14% and 21%) investments based on external
 ratings where available.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Mortgages and real estate are
 diversified geographically and by property type.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents debt securities and private placements
 portfolio by sector and industry.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="63%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="8"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="8"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Carrying&amp;#xA0;value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 %&amp;#xA0;of&amp;#xA0;total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Carrying&amp;#xA0;value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;%&amp;#xA0;of&amp;#xA0;total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;71,888&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;35&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;76,020&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;38&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Utilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;40,568&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;20&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;37,561&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;19&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Financial&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;27,923&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;13&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;25,027&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Energy&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16,428&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;8&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;15,775&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Industrial&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;14,691&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,088&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Consumer&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;(non-cyclical)&lt;/font&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;14,009&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,440&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Consumer (cyclical)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,916&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,256&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Securitized&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,577&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,514&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Telecommunications&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,324&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,091&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Basic materials&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,248&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,387&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Technology&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,475&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,231&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Media and internet&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,136&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,175&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Diversified and miscellaneous&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;949&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;786&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;206,132&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;100&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;198,351&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;100&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(g) Insurance risk&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Insurance risk is the risk of loss due to actual experience for
 mortality and morbidity claims, policyholder behaviour and expenses
 emerging differently than assumed when a product was designed and
 priced. A variety of assumptions are made related to these
 experience factors, for reinsurance costs, and for sales levels
 when products are designed and priced, as well as in the
 determination of policy liabilities. Assumptions for future claims
 are generally based on both Company and industry experience, and
 assumptions for future policyholder behaviour and expenses are
 generally based on Company experience. Such assumptions require
 significant professional judgment, and actual experience may be
 materially different than the assumptions made by the Company.
 Claims may be impacted unexpectedly by changes in the prevalence of
 diseases or illnesses, medical and technology advances, widespread
 lifestyle changes, natural disasters,
 large-scale&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;man-made&lt;/font&gt;&amp;#xA0;disasters
 and acts of terrorism. Policyholder behaviour including premium
 payment patterns, policy renewals, lapse rates and withdrawal and
 surrender activity are influenced by many factors including market
 and general economic conditions, and the availability and relative
 attractiveness of other products in the marketplace. Some
 reinsurance rates are not guaranteed and may be changed
 unexpectedly. Adjustments the Company seeks to make
 to&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;Non-Guaranteed&lt;/font&gt;&amp;#xA0;elements
 to reflect changing experience factors may be challenged by
 regulatory or legal action and the Company may be unable to
 implement them, or may face delays in implementation.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company manages insurance risk through global policies,
 standards and best practices with respect to product design,
 pricing, underwriting and claim adjudication, and a global
 underwriting manual. Each business unit establishes underwriting
 policies and procedures, including criteria for approval of risks
 and claims adjudication policies and procedures. The current global
 life retention limit is US$30 for individual policies (US$35 for
 survivorship life policies) and is shared across businesses. Lower
 limits are applied in some markets and jurisdictions. The Company
 aims to further reduce exposure to claims concentrations by
 applying geographical aggregate retention limits for certain
 covers. Enterprise-wide, the Company aims to reduce the likelihood
 of high aggregate claims by operating globally, insuring a wide
 range of unrelated risk events, and reinsuring some risk.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(h) Concentration risk&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The geographic concentration of the Company&amp;#x2019;s insurance and
 investment contract liabilities, including embedded derivatives, is
 shown below. The disclosure is based on the countries in which the
 business is written.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="69%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Gross
 liabilities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Reinsurance&lt;br /&gt;
 assets&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Net
 liabilities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 U.S. and Canada&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;237,434&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(30,225&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;207,209&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Asia and Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;70,521&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(134&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;70,387&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;307,955&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(30,359&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;277,596&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Gross liabilities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Reinsurance&lt;br /&gt;
 assets&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Net liabilities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 U.S. and Canada&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;238,796&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(34,987&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;203,809&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Asia and Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;62,322&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;35&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;62,357&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;301,118&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(34,952&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;266,166&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(i) Reinsurance risk&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 In the normal course of business, the Company limits the amount of
 loss on any one policy by reinsuring certain levels of risk with
 other insurers. In addition, the Company accepts reinsurance from
 other reinsurers. Reinsurance ceded does not discharge the
 Company&amp;#x2019;s liability as the primary insurer. Failure of
 reinsurers to honour their obligations could result in losses to
 the Company; consequently, allowances are established for amounts
 deemed uncollectible. To minimize losses from reinsurer insolvency,
 the Company monitors the concentration of credit risk both
 geographically and with any one reinsurer. In addition, the Company
 selects reinsurers with high credit ratings.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 As at December&amp;#xA0;31, 2017, the Company had $30,359
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$34,952) of reinsurance assets. Of this,
 92&amp;#xA0;per cent (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;92&amp;#xA0;per cent) were
 ceded to reinsurers with Standard and Poor&amp;#x2019;s ratings
 of&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;A-&lt;/font&gt;&amp;#xA0;or above. The
 Company&amp;#x2019;s exposure to credit risk was mitigated by $13,855
 fair value of collateral held as security as at December&amp;#xA0;31,
 2017 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$16,600). Net exposure after
 considering offsetting agreements and the benefit of the fair value
 of collateral held was $16,504 as at December&amp;#xA0;31, 2017
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$18,352).&lt;/p&gt;


 &lt;/div&gt;</ifrs-full:DisclosureOfFinancialRiskManagementExplanatory>
  <ifrs-full:DisclosureOfGeographicalAreasExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_FAF907EC-2A11-45E4-8EEE-49165F1D0A39_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 12pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The results of the Company&amp;#x2019;s
 business segments differ from geographic segment primarily due to
 the allocation of Company&amp;#x2019;s Corporate and Other division into
 the geographic segments to which its businesses relate.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;By
 geographic location&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 14pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="57%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at and for the year
 ended&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;December&amp;#xA0;31, 2017&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Asia&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 Canada&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;U.S.&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Other&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Revenue&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Premium income&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Life and health insurance&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;13,215&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,894&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,780&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;466&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;24,355&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Annuities and pensions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,568&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;443&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;844&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,855&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net premium income&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;15,783&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,337&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,624&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;466&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;28,210&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net investment income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,258&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,642&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;10,407&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;60&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;19,367&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other revenue&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,632&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,187&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5,911&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;16&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10,746&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total revenue&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;21,673&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;12,166&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;23,942&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;542&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;58,323&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at and for the year
 ended&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;December&amp;#xA0;31, 2016&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Asia&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Canada&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;U.S.&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Other&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Revenue&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Premium income&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Life and health insurance&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,184&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,909&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,705&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;470&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;23,268&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Annuities and pensions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;3,474&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;606&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;284&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;4,364&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net premium income&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;15,658&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,515&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,989&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;470&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;27,632&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net investment income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,368&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,096&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7,880&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;180&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;14,524&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other revenue&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;1,608&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;3,443&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;6,105&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;25&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;11,181&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total revenue&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;19,634&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;12,054&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;20,974&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;675&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;53,337&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfGeographicalAreasExplanatory>
  <ifrs-full:DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_F52827CB-7E33-42CB-B85C-64A7763A97B0_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following table presents
 details of the credit default swap protection sold by type of
 contract and external agency rating for the underlying reference
 security.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="74%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 Notional&lt;br /&gt;
 amount&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Fair value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Weighted&lt;br /&gt;
 average&lt;br /&gt;
 maturity&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(in&amp;#xA0;years)&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Single name CDSs&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Corporate debt&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 AAA&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;13&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 AA&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;35&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 A&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;408&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 BBB&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;150&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total single name CDSs&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;606&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total CDS protection sold&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;606&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;14&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="13"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Notional&lt;br /&gt;
 amount&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Fair value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Weighted&lt;br /&gt;
 average&lt;br /&gt;
 maturity&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(in&amp;#xA0;years)&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Single name CDSs&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Corporate debt&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 AAA&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 AA&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;37&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 A&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;457&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 BBB&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;155&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;4&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;3&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total single name CDSs&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;662&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;18&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;4&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total CDS protection sold&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;662&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;18&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;4&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Rating agency designations are based
 on S&amp;amp;P where available followed by Moody&amp;#x2019;s, DBRS, and
 Fitch. If no rating is available from a rating agency, an
 internally developed rating is used.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&amp;#xA0;&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Notional amounts represent the
 maximum future payments the Company would have to pay its
 counterparties assuming a default of the underlying credit and zero
 recovery on the underlying issuer obligation.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&amp;#xA0;&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The weighted average maturity of the
 CDS is weighted based on notional amounts.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossExplanatory>
  <ifrs-full:DisclosureOfInformationAboutInterestsInStructuredEntityExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_7D1E05A9-FA0D-43F1-A374-33AB0170467C_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following table presents
 investments in securitized holdings by the type and asset
 quality.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="60%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="16"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="14" align="center"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="center"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;CMBS&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;RMBS&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;ABS&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 AAA&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,390&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;45&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,068&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,503&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,269&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 AA&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;401&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;401&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;393&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 A&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;16&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;488&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;504&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;592&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 BBB&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;142&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;142&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;221&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 BB and below&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;12&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;26&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;38&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total company exposure&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;1,418&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;45&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;2,113&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;3,576&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;3,513&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfInformationAboutInterestsInStructuredEntityExplanatory>
  <ifrs-full:DisclosureOfInformationAboutMaturityProfileOfDefinedBenefitObligationExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_B2319E01-0F35-4B0E-8CF5-1C5BE238A136_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(k)
 Maturity profile&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The weighted average duration (in
 years) of the defined benefit obligations is as follows.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="65%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Pension plans&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Retiree welfare plans&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 U.S. plans&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;9.5&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9.2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;9.8&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9.1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Canadian plans&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;12.8&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;12.7
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14.2&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;14.2
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfInformationAboutMaturityProfileOfDefinedBenefitObligationExplanatory>
  <ifrs-full:CurrentTaxExpenseIncome contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_38B645F0-50E9-4AFB-AB69-4B154D32A31C_1_1" unitRef="iso4217_CAD">608000000</ifrs-full:CurrentTaxExpenseIncome>
  <ifrs-full:CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_38B645F0-50E9-4AFB-AB69-4B154D32A31C_1_3" unitRef="iso4217_CAD">570000000</ifrs-full:CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods>
  <ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_F5638475-0DC2-41FC-9F24-89A24C135F71_1011_2" unitRef="iso4217_CAD">331000000</ifrs-full:DeferredTaxExpenseIncomeRecognisedInProfitOrLoss>
  <ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_5C136490-8264-4635-89C1-D8BDB5580578_1_0">&lt;div&gt;
 &lt;p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(o)
 Employee future benefits&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The Company maintains defined
 contribution and defined benefit pension plans and other
 post-employment plans for employees and agents including registered
 (tax qualified) pension plans that are typically funded as well as
 supplemental &lt;font style="white-space:nowrap"&gt;non-registered&lt;/font&gt;
 &lt;font style="white-space:nowrap"&gt;(non-qualified)&lt;/font&gt; pension
 plans for executives, retiree welfare plans and disability welfare
 plans that are typically not funded.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The Company&amp;#x2019;s obligation in
 respect of defined benefit pension and other post-employment
 benefits is calculated for each plan as the estimated present value
 of future benefits that eligible employees have earned in return
 for their service up to the reporting date using the projected
 benefit method. The discount rate used is based on the yield, as at
 the reporting date, of high quality corporate debt securities that
 have approximately the same term as the obligations and that are
 denominated in the same currency in which the benefits are expected
 to be paid.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;To determine the Company&amp;#x2019;s
 net defined benefit asset or liability, the fair value of plan
 assets is deducted from the defined benefit obligations. When this
 calculation results in a surplus, the asset that can be recognized
 is limited to the present value of future economic benefit
 available in the form of future refunds from the plan or reductions
 in future contributions to the plan (the asset limit). Defined
 benefit assets are included in other assets and defined benefit
 liabilities are included in other liabilities.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Changes in the net defined benefit
 asset or liability due to &lt;font style="white-space:nowrap"&gt;re-measurement&lt;/font&gt; of pension and retiree
 welfare plans are recorded in OCI in the period in which they occur
 and are not reclassified to income in subsequent periods. They
 consist of actuarial gains and losses, the impact of the asset
 limit, if any, and the return on plan assets, excluding amounts
 included in net interest income or expense. Changes in the net
 defined benefit asset or liability due to &lt;font style="white-space:nowrap"&gt;re-measurement&lt;/font&gt; of disability welfare
 plans are recorded in income in the period in which they
 occur.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The cost of defined benefit pension
 plans is recognized over the employee&amp;#x2019;s years of service to
 retirement while the cost of retiree welfare plans is recognized
 over the employee&amp;#x2019;s years of service to their date of full
 eligibility. The net benefit cost for the year is recorded in
 income and is calculated as the sum of the service cost in respect
 of the fiscal year, the net interest income or expense and any
 applicable administration expenses, plus past service costs or
 credits resulting from plan amendments or curtailments. The net
 interest income or expense is determined by applying the discount
 rate to the net defined benefit asset or liability. The current
 year cost of disability welfare plans is the year-over-year change
 in the defined benefit obligation, including any actuarial gains or
 losses.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The cost of defined contribution
 plans is the contribution provided by the Company and is recorded
 in income in the periods during which services are rendered by
 employees.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory>
  <ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_2C09523A-E6C8-4852-89E7-F0F505E959E3_1_0">&lt;div&gt;
 &lt;p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(m)
 Foreign currency translation&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Items included in the financial
 statements of each of the Company&amp;#x2019;s subsidiaries are measured
 by each subsidiary using the currency of the primary economic
 environment in which the entity operates (the &amp;#x201C;functional
 currency&amp;#x201D;).&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Transactions in a foreign currency
 are translated to the functional currency at the exchange rate
 prevailing at the date of the transaction. Assets and liabilities
 denominated in foreign currencies are translated to the functional
 currency at the exchange rate in effect at the reporting date.
 Revenue and expenses denominated in foreign currencies are
 translated at the average exchange rate prevailing during the
 quarter reported. Exchange gains and losses are recognized in
 income with the exception of translation of net investments in
 foreign operations and the results of hedging these
 positions.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;These foreign exchange gains and
 losses are recognized in OCI until such time that the foreign
 operation is disposed of or control or significant influence over
 it is lost.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory>
  <ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_3F66D40B-3BB5-4EFB-9FD3-0A3D81DAF0D6_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(c) Fair
 value measurement&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Fair value is defined as the price
 that would be received to sell an asset or paid to transfer a
 liability in an orderly transaction (not a forced liquidation or
 distress sale) between market participants at the measurement date,
 that is, an exit value.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;When available, quoted market
 prices are used to determine fair value. If quoted market prices
 are not available, fair value is typically based upon alternative
 valuation techniques such as discounted cash flows, matrix pricing,
 consensus pricing services and other techniques. Broker quotes are
 generally used when external public vendor prices are not
 available.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company has a process in place
 that includes a review of price movements relative to the market, a
 comparison of prices between vendors, and a comparison to internal
 matrix pricing which uses predominately external observable data.
 Judgment is applied in adjusting external observable data for items
 including liquidity and credit factors.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company categorizes its fair
 value measurements according to a three-level hierarchy. The
 hierarchy prioritizes the inputs used by the Company&amp;#x2019;s
 valuation techniques. A level is assigned to each fair value
 measurement based on the lowest level input significant to the fair
 value measurement in its entirety. The three levels of the fair
 value hierarchy are defined as follows:&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Level 1&amp;#xA0;&amp;#x2013;&amp;#xA0;Fair
 value measurements that reflect unadjusted, quoted prices in active
 markets for identical assets and liabilities that the Company has
 the ability to access at the measurement date reflecting market
 transactions.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Level 2&amp;#xA0;&amp;#x2013;&amp;#xA0;Fair
 value measurements using inputs other than quoted prices included
 within Level&amp;#xA0;1 that are observable for the asset or liability,
 either directly or indirectly. These include quoted prices for
 similar assets and liabilities in active markets, quoted prices for
 identical or similar assets and liabilities in inactive markets,
 inputs that are observable that are not prices (such as interest
 rates, credit risks, etc.) and inputs that are derived from or
 corroborated by observable market data. Most debt securities are
 classified within Level&amp;#xA0;2. Also, included in the Level&amp;#xA0;2
 category are derivative instruments that are priced using models
 with observable market inputs, including interest rate swaps,
 equity swaps, and foreign currency forward contracts.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Level 3&amp;#xA0;&amp;#x2013;&amp;#xA0;Fair
 value measurements using significant &lt;font style="WHITE-SPACE: nowrap"&gt;non-market&lt;/font&gt; observable inputs. These
 include valuations for assets and liabilities that are derived
 using data, some or all of which is not market observable,
 including assumptions about risk. Level&amp;#xA0;3 securities
 include&amp;#xA0;less liquid securities such as structured asset-backed
 securities, commercial mortgage-backed securities
 (&amp;#x201C;CMBS&amp;#x201D;), certain &lt;font style="WHITE-SPACE: nowrap"&gt;long-duration&lt;/font&gt; bonds and other
 securities that have little or no price transparency. Embedded and
 complex derivative financial instruments as well as real estate
 classified as investment property are also included in
 Level&amp;#xA0;3.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory>
  <ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_12AF642B-AE49-4632-80FC-47959785279C_1_0">&lt;div&gt;
 &lt;p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(k) Other
 financial instruments accounted for as
 liabilities&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The Company issues a variety of
 other financial instruments classified as liabilities, including
 notes payable, term notes, senior notes, senior debentures,
 subordinated notes, surplus notes, subscription receipts and
 preferred shares.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;These financial liabilities are
 measured at amortized cost, with issuance costs deferred and
 amortized using the effective interest rate method.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory>
  <ifrs-full:DisclosureOfBorrowingsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_57E052DE-6C8D-4C1A-836A-A177BAE982A0_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#2A517F"&gt;&lt;b&gt;Note
 11&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0; Long-Term Debt&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(a)
 Carrying value of long-term debt instruments&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="46%"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="2"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="2"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;Issue
 date&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 Maturity date&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Par value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 4.70% Senior notes&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1),(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;June&amp;#xA0;23, 2016&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;June&amp;#xA0;23, 2046&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;US$&amp;#xA0;&amp;#xA0;1,000&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,246&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,333&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 5.375% Senior notes&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2),(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;March&amp;#xA0;4, 2016&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;March&amp;#xA0;4, 2046&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 US$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;750&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;928&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;994&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 3.527% Senior notes&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2),(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;December&amp;#xA0;2, 2016&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;December&amp;#xA0;2, 2026&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 US$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;270&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;338&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;361&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 4.150% Senior notes&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2),(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;March&amp;#xA0;4, 2016&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;March&amp;#xA0;4, 2026&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;US$&amp;#xA0;&amp;#xA0;1,000&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,246&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,333&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 4.90% Senior notes&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2),(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;September&amp;#xA0;17,&amp;#xA0;2010&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;September&amp;#xA0;17,&amp;#xA0;2020&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 US$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;500&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;626&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;669&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 7.768% Medium-term notes&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;April&amp;#xA0;8, 2009&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;April&amp;#xA0;8, 2019&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 $&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;600&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;599&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 5.505% Medium-term notes&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;June&amp;#xA0;26, 2008&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;June&amp;#xA0;26, 2018&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 $&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;400&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;400&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;400&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other notes payable&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 n/a&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 n/a&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;n/a&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;7&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;4,785&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;5,696&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;MFC may redeem the notes in whole,
 but not in part, on June&amp;#xA0;23, 2021 and thereafter on every
 June&amp;#xA0;23, at a redemption price equal to par, together with
 accrued and unpaid interest.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;MFC may redeem the senior notes in
 whole or in part, at any time, at a redemption price equal to the
 greater of par and a price based on the yield of a corresponding
 U.S. Treasury bond plus a specified number of basis points. The
 specified number of basis points is as follows: 5.375% &amp;#x2013; 40
 bps, 3.527% &amp;#x2013; 20 bps, 4.150% &amp;#x2013; 35 bps, and 4.90%
 &amp;#x2013; 35 bps.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;These U.S. dollar senior notes have
 been designated as hedges of the Company&amp;#x2019;s net investment in
 its U.S. operations which reduces the earnings volatility that
 would otherwise arise from the &lt;font style="WHITE-SPACE: nowrap"&gt;re-measurement&lt;/font&gt; of these senior notes
 into Canadian dollars.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;On October&amp;#xA0;6, 2017, MFC
 redeemed, prior to maturity, all of its outstanding 7.768% medium
 term notes due April&amp;#xA0;8, 2019. The early redemption premium of
 $44 before income taxes was recorded as interest expense.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;MFC may redeem the medium-term notes
 in whole or in part, at any time, at a redemption price equal to
 the greater of par and a price based on the yield of a
 corresponding Government of Canada bond plus 39 basis points.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Other notes payable were
 substantially repaid during the year.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The cash amount of interest paid
 on long-term debt during the year ended December&amp;#xA0;31, 2017 was
 $324 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$191). Issue costs are amortized over
 the term of the debt.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(b) Fair
 value measurement&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Fair value of a long-term debt
 instrument is determined using quoted market prices where available
 (Level 1). When quoted market prices are not available, fair value
 is determined with reference to quoted prices of a debt instrument
 with similar characteristics or estimated using discounted cash
 flows using observable market rates (Level 2).&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Long-term debt is measured at
 amortized cost in the Consolidated Statements of Financial
 Position. Fair value of long-term debt as at December&amp;#xA0;31, 2017
 was $5,187 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$6,100). Long-term debt was
 categorized in Level&amp;#xA0;2 of the fair value hierarchy
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;Level&amp;#xA0;2).&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(c)
 Aggregate maturities of long-term debt&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="78%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Less than one year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;401&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 One to two years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;400&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Two to three years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;626&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;599&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Three to four years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;669&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Four to five years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Greater than five years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,758&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;4,021&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;4,785&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;5,696&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfBorrowingsExplanatory>
  <ifrs-full:DisclosureOfConsolidatedAndSeparateFinancialStatementsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_67D0798C-DFD3-407C-97F8-74580C9A5421_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#2A517F"&gt;&lt;b&gt;Note
 23&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0; Information Provided in Connection with
 Investments in Deferred Annuity Contracts and&lt;/b&gt;
 &lt;b&gt;&lt;i&gt;Signature&lt;/i&gt;&lt;/b&gt;&lt;b&gt;Notes Issued or Assumed by John Hancock
 Life Insurance Company (U.S.A.)&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following condensed
 consolidated financial information, presented in accordance with
 IFRS, and the related disclosure have been included in these
 Consolidated Financial Statements with respect to JHUSA in
 compliance with Regulation &lt;font style="WHITE-SPACE: nowrap"&gt;S-X&lt;/font&gt; and Rule &lt;font style="WHITE-SPACE: nowrap"&gt;12h-5&lt;/font&gt; of the United States Securities
 and Exchange Commission (the &amp;#x201C;Commission&amp;#x201D;). These
 financial statements are incorporated by reference in the MFC and
 its subsidiaries registration statements that are described below
 and which relate to MFC&amp;#x2019;s guarantee of certain securities to
 be issued by its subsidiaries.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;JHUSA maintains a book of deferred
 annuity contracts that feature a market value adjustment and are
 registered with the Commission. The deferred annuity contracts may
 contain variable investment options along with fixed investment
 period options, or may offer only fixed investment period options.
 The fixed investment period options enable the participant to
 invest fixed amounts of money for fixed terms at fixed interest
 rates, subject to a market value adjustment if the participant
 desires to terminate a fixed investment period before its maturity
 date. The annuity contract provides for the market value adjustment
 to keep the parties whole with respect to the fixed interest
 bargain for the entire fixed investment period. These fixed
 investment period options that contain a market value adjustment
 feature are referred to as &amp;#x201C;MVAs&amp;#x201D;.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;JHUSA may also sell medium-term
 notes to retail investors under its &lt;i&gt;Signature&lt;/i&gt;Notes
 program.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Effective December&amp;#xA0;31, 2009,
 John Hancock Variable Life Insurance Company (the &amp;#x201C;Variable
 Company&amp;#x201D;) and John Hancock Life Insurance Company (the
 &amp;#x201C;Life Company&amp;#x201D;) merged with and into JHUSA. In
 connection with the mergers, JHUSA assumed the Variable
 Company&amp;#x2019;s rights and obligations with respect to the MVAs
 issued by the Variable Company and the Life Company&amp;#x2019;s rights
 and obligations with respect to the &lt;i&gt;Signature&lt;/i&gt;Notes issued by
 the Life Company.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;MFC fully and unconditionally
 guaranteed the payment of JHUSA&amp;#x2019;s obligations under the MVAs
 and under the &lt;i&gt;Signature&lt;/i&gt;Notes (including the MVAs and
 &lt;i&gt;Signature&lt;/i&gt;Notes assumed by JHUSA in the merger), and such
 MVAs and the &lt;i&gt;Signature&lt;/i&gt;Notes were registered with the
 Commission. The &lt;i&gt;Signature&lt;/i&gt;Notes and MVAs assumed or issued by
 JHUSA are collectively referred to in this note as the
 &amp;#x201C;Guaranteed Securities&amp;#x201D;. JHUSA is, and each of the
 Variable Company and the Life Company was, a wholly owned
 subsidiary of MFC.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;MFC&amp;#x2019;s guarantees of the
 Guaranteed Securities are unsecured obligations of MFC, and are
 subordinated in right of payment to the prior payment in full of
 all other obligations of MFC, except for other guarantees or
 obligations of MFC which by their terms are designated as ranking
 equally in right of payment with or subordinate to MFC&amp;#x2019;s
 guarantees of the Guaranteed Securities.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The laws of the State of New York
 govern MFC&amp;#x2019;s guarantees of the &lt;i&gt;Signature&lt;/i&gt;Notes issued
 or assumed by JHUSA and the laws of the Commonwealth of
 Massachusetts govern MFC&amp;#x2019;s guarantees of the MVAs issued or
 assumed by JHUSA. MFC has consented to the jurisdiction of the
 courts of New York and Massachusetts. However, because a
 substantial portion of MFC&amp;#x2019;s assets are located outside the
 United States, the assets of MFC located in the United States may
 not be sufficient to satisfy a judgment given by a federal or state
 court in the United States to enforce the subordinate guarantees.
 In general, the federal laws of Canada and the laws of the Province
 of Ontario, where MFC&amp;#x2019;s principal executive offices are
 located, permit an action to be brought in Ontario to enforce such
 a judgment provided that such judgment is subsisting and
 unsatisfied for a fixed sum of money and not void or voidable in
 the United States and a Canadian court will render a judgment
 against MFC in a certain dollar amount, expressed in Canadian
 dollars, subject to customary qualifications regarding fraud,
 violations of public policy, laws limiting the enforcement of
 creditor&amp;#x2019;s rights and applicable statutes of limitations on
 judgments. There is currently no public policy in effect in the
 Province of Ontario that would support avoiding the recognition and
 enforcement in Ontario of a judgment of a New York or Massachusetts
 court on MFC&amp;#x2019;s guarantees of the &lt;i&gt;Signature&lt;/i&gt;Notes issued
 or assumed by JHUSA or a Massachusetts court on guarantees of the
 MVAs issued or assumed by JHUSA.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;MFC is a holding company.
 MFC&amp;#x2019;s assets primarily consist of investments in its
 subsidiaries. MFC&amp;#x2019;s cash flows primarily consist of dividends
 and interest payments from its operating subsidiaries, offset by
 expenses and shareholder dividends and MFC stock repurchases. As a
 holding company, MFC&amp;#x2019;s ability to meet its cash requirements,
 including, but not limited to, paying any amounts due under its
 guarantees, substantially depends upon dividends from its operating
 subsidiaries.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;These subsidiaries are subject to
 certain regulatory restrictions under laws in Canada, the United
 States and certain other countries, which may limit their ability
 to pay dividends or make contributions or loans to MFC. For
 example, some of MFC&amp;#x2019;s subsidiaries are subject to
 restrictions prescribed by the ICA on their ability to declare and
 pay dividends. The restrictions related to dividends imposed by the
 ICA are described in note 14.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;In the United States, insurance
 laws in Michigan, New York, and Massachusetts, the jurisdictions in
 which certain of MFC&amp;#x2019;s U.S. insurance company subsidiaries
 are domiciled, impose general limitations on the payment of
 dividends and other upstream distributions or loans by these
 insurance subsidiaries. These limitations are described in note
 14.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;In Asia, the insurance laws of the
 jurisdictions in which MFC operates either provide for specific
 restrictions on the payment of dividends or other distributions or
 loans by subsidiaries or impose solvency or other financial tests,
 which could affect the ability of subsidiaries to pay dividends in
 certain circumstances.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;There can be no assurance that any
 current or future regulatory restrictions in Canada, the United
 States or Asia will not impair MFC&amp;#x2019;s ability to meet its cash
 requirements, including, but not limited to, paying any amounts due
 under its guarantee.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following condensed
 consolidated financial information, presented in accordance with
 IFRS, reflects the effects of the mergers and is provided in
 compliance with Regulation &lt;font style="WHITE-SPACE: nowrap"&gt;S-X&lt;/font&gt; and in accordance with Rule
 &lt;font style="WHITE-SPACE: nowrap"&gt;12h-5&lt;/font&gt; of the
 Commission.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Condensed
 Consolidated Statement of Financial Position&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="54%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;MFC&lt;br /&gt;
 (Guarantor)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;JHUSA&lt;br /&gt;
 (Issuer)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Other&lt;br /&gt;
 subsidiaries&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Consolidation&lt;br /&gt;
 adjustments&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Consolidated&lt;br /&gt;
 MFC&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Invested assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;21&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;108,144&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;226,421&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(364&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;334,222&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Investments in unconsolidated subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;48,374&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,509&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;14,999&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(69,882&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Reinsurance assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;49,927&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;8,281&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(27,849&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;30,359&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;314&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;18,678&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;40,715&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(19,062&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;40,645&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Segregated funds net assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;176,139&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;149,812&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,644&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;324,307&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;48,709&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;359,397&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;440,228&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(118,801&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;729,533&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Liabilities and equity&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Insurance contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;147,155&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;185,884&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(28,434&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;304,605&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Investment contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,130&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,998&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,126&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;297&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;19,399&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;41,394&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(18,930&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;42,160&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Long-term debt&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,784&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,785&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Capital instruments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,615&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;584&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,188&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;8,387&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Segregated funds net liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;176,139&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;149,812&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,644&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;324,307&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Shareholders&amp;#x2019; equity&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;41,013&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;14,990&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;54,801&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(69,791&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;41,013&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Participating policyholders&amp;#x2019; equity&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;221&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;221&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;font style="WHITE-SPACE: nowrap"&gt;Non-controlling&lt;/font&gt;
 interests&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;929&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;929&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total liabilities and equity&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;48,709&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;359,397&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;440,228&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(118,801&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;729,533&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" colspan="20"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Condensed Consolidated Statement of
 Financial Position&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;MFC&lt;br /&gt;
 (Guarantor)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;JHUSA&lt;br /&gt;
 (Issuer)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Other&lt;br /&gt;
 subsidiaries&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Consolidation&lt;br /&gt;
 adjustments&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Consolidated&lt;br /&gt;
 MFC&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Invested assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;161&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;109,063&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;213,043&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(398&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;321,869&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Investments in unconsolidated subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;47,758&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,457&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;17,504&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(71,719&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Reinsurance assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;51,537&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,069&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(26,654&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;34,952&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;315&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;28,718&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;43,931&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(24,281&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;48,683&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Segregated funds net assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;174,917&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;142,400&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(2,140&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;315,177&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;48,234&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;370,692&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;426,947&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(125,192&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;720,681&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Liabilities and equity&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Insurance contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;147,504&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;177,524&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(27,523&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;297,505&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Investment contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,251&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,027&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(3&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,275&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;252&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;28,892&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;43,994&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(24,113&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;49,025&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Long-term debt&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,689&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,696&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Capital instruments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;461&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;627&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,092&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7,180&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Segregated funds net liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;174,917&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;142,400&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2,140&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;315,177&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Shareholders&amp;#x2019; equity&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;41,832&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;17,501&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;53,912&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(71,413&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;41,832&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Participating policyholders&amp;#x2019; equity&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;248&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;248&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;font style="WHITE-SPACE: nowrap"&gt;Non-controlling&lt;/font&gt;
 interests&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;743&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;743&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total liabilities and equity&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;48,234&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;370,692&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;426,947&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(125,192&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;720,681&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 12px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Condensed
 Consolidated Statement of Income&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="47%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;MFC&lt;br /&gt;
 (Guarantor)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;JHUSA&lt;br /&gt;
 (Issuer)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Other&lt;br /&gt;
 subsidiaries&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Consolidation&lt;br /&gt;
 adjustments&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Consolidated&lt;br /&gt;
 MFC&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Revenue&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net premium income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;11,084&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;17,130&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(4&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;28,210&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net investment income (loss)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;178&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,986&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;11,947&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(744&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;19,367&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net other revenue&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,874&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10,912&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(3,044&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10,746&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total revenue&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;182&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;21,944&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;39,989&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(3,792&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;58,323&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Contract benefits and expenses&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net benefits and claims&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;20,803&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;19,179&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(681&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;39,301&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Commissions, investment and general expenses&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;11&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,208&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;13,900&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(2,097&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;15,022&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other expenses&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;404&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;194&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,915&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,014&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,499&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total contract benefits and expenses&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;415&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;24,205&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;34,994&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(3,792&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;55,822&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Income (loss) before income taxes&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(233&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(2,261&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,995&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,501&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Income tax (expense) recovery&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;62&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,134&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,435&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(239&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Income (loss) after income taxes&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(171&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,127&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,560&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;2,262&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity in net income (loss) of unconsolidated subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,275&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;628&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(486&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2,417&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net income (loss)&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;2,104&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(499&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,074&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(2,417&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,262&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net income (loss) attributed to:&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 &lt;font style="WHITE-SPACE: nowrap"&gt;Non-controlling&lt;/font&gt;
 interests&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;194&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;194&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Participating policyholders&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(10&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(36&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(36&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Shareholders&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,104&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(489&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,916&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2,427&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,104&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,104&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(499&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,074&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2,417&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;2,262&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 12pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Condensed
 Consolidated Statement of Income&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="47%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;MFC&lt;br /&gt;
 (Guarantor)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;JHUSA&lt;br /&gt;
 (Issuer)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Other&lt;br /&gt;
 subsidiaries&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Consolidation&lt;br /&gt;
 adjustments&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Consolidated&lt;br /&gt;
 MFC&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Revenue&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net premium income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,021&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;22,611&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;27,632&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net investment income (loss)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;475&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,191&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9,092&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,234&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;14,524&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net other revenue&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;43&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2,569&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;11,108&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(2,539&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;11,181&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total revenue&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;518&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;13,781&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;42,811&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(3,773&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;53,337&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Contract benefits and expenses&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net benefits and claims&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,340&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;24,748&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(954&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;34,134&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Commissions, investment and general expenses&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;11&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,272&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,016&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,840&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;14,459&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other expenses&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;259&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;59&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2,076&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(979&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,415&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total contract benefits and expenses&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;270&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;13,671&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;39,840&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(3,773&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;50,008&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Income (loss) before income taxes&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;248&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;110&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,971&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,329&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Income tax (expense) recovery&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;28&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;251&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(475&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(196&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Income (loss) after income taxes&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;276&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;361&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,496&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,133&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity in net income (loss) of unconsolidated subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2,653&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;211&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;572&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(3,436&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net income (loss)&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;2,929&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;572&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;3,068&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(3,436&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;3,133&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net income (loss) attributed to:&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 &lt;font style="WHITE-SPACE: nowrap"&gt;Non-controlling&lt;/font&gt;
 interests&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;143&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;143&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Participating policyholders&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(48&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;61&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;48&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;61&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Shareholders&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2,929&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;620&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2,864&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(3,484&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2,929&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;2,929&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;572&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;3,068&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(3,436&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;3,133&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Consolidated Statement of Cash
 Flows&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="54%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;MFC&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(Guarantor)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;JHUSA&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(Issuer)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Other&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Consolidation&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;adjustments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Consolidated&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;MFC&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Operating activities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net income (loss)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;2,104&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(499&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;3,074&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(2,417&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,262&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Adjustments:&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Equity in net income of unconsolidated subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(2,275&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(628&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;486&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,417&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Increase (decrease) in insurance contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16,877&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,146&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;20,023&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Increase (decrease) in investment contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;55&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;118&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;173&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 (Increase) decrease in reinsurance assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(1,890&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,159&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,269&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Amortization of (premium) discount on invested assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;24&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;206&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;230&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other amortization&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;123&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;433&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;560&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Net realized and unrealized (gains) losses and impairment on
 assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(7&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(2,609&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(4,572&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(7,188&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Deferred income tax expense (recovery)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(59&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(2,239&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,967&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(331&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Stock option expense&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(4&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;19&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;15&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Cash provided by (used in) operating activities before undernoted
 items&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(233&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;9,210&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;9,036&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;18,013&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Dividends from unconsolidated subsidiary&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,700&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;125&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,175&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(4,000&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Changes in policy related and operating receivables and
 payables&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(45&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(4,627&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,450&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(222&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Cash provided by (used in) operating activities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,422&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,708&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14,661&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(4,000&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;17,791&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Investing activities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Purchases and mortgage advances&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(30,645&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(56,579&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(87,224&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Disposals and repayments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;26,952&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;43,768&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;70,720&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Changes in investment broker net receivables and payables&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;182&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;45&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;227&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Investment in common shares of subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(2,473&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,473&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net cash decrease from sale and purchase of subsidiaries and
 businesses&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(10&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(10&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Capital contribution to unconsolidated subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(63&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;63&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Return of capital from unconsolidated subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;11&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(11&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Notes receivable from affiliates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;201&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(201&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Notes receivable from parent&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;368&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;24&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(392&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Notes receivable from subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(16&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(10&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;26&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Cash provided by (used in) investing activities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2,489&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(3,205&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(12,551&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,958&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(16,287&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Financing activities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Increase (decrease) in repurchase agreements and securities sold
 but not yet purchased&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(29&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(29&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Redemption of long-term debt&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(600&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(7&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(607&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Issue of capital instruments, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,209&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,209&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Redemption of capital instruments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(899&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(899&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Secured borrowings from securitization transactions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;741&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;741&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Changes in deposits from Bank clients, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;261&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;261&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Shareholders&amp;#x2019; dividends paid in cash&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,780&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,780&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Dividends paid to parent&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,175&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(2,825&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,000&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Contributions from (distributions to) &lt;font style="WHITE-SPACE: nowrap"&gt;non-controlling&lt;/font&gt; interests, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(6&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(6&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Common shares issued, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;124&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,473&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(2,473&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;124&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Capital contributions by parent&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;63&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(63&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Return of capital to parent&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(11&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;11&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Notes payable to affiliates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(201&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;201&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Notes payable to parent&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;26&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(26&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Notes payable to subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(24&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(368&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;392&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Cash provided by (used in) financing activities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(71&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,376&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(581&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,042&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Cash and short-term securities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Increase (decrease) during the year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(138&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;127&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,529&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,518&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Effect of foreign exchange rate changes on cash and
 short-term&amp;#xA0;securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(276&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(380&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(658&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Balance, beginning of year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;161&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,787&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10,290&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14,238&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Balance, end of year&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;21&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,638&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;11,439&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;15,098&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Cash and short-term securities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Beginning of year&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Gross cash and short-term securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;161&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,317&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;10,673&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;15,151&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net payments in transit, included in other liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(530&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(383&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(913&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net cash and short-term securities, beginning of year&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;161&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,787&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10,290&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14,238&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;End of year&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Gross cash and short-term securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;21&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,133&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;11,811&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;15,965&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net payments in transit, included in other liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(495&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(372&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(867&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net cash and short-term securities, end of year&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;21&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,638&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;11,439&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;15,098&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Supplemental disclosures on cash flow information:&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest received&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;273&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,391&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,504&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(572&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;10,596&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest paid&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;392&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;96&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,202&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(572&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,118&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Income taxes paid&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;99&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,084&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;177&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,360&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt; MARGIN-TOP: 12pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Consolidated Statement of Cash
 Flows&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="56%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;MFC&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(Guarantor)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;JHUSA&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(Issuer)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Other&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Consolidation&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;adjustments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Consolidated&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;MFC&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Operating activities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net income (loss)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,929&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;572&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,068&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(3,436&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,133&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Adjustments:&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Equity in net income of unconsolidated subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2,653&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(211&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(572&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,436&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Increase (decrease) in insurance contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,225&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,789&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18,014&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Increase (decrease) in investment contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;58&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(58&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 (Increase) decrease in reinsurance assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,444&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;602&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(842&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Amortization of (premium) discount on invested assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(5&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;83&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;78&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other amortization&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;284&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;407&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;693&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Net realized and unrealized (gains) losses and impairment on
 assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(9&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(917&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,878&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2,804&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Deferred income tax expense (recovery)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;391&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(629&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(235&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Stock option expense&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;20&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;19&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Cash provided by (used in) operating activities before undernoted
 items&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;272&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,952&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,832&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18,056&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Dividends from unconsolidated subsidiary&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,950&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;111&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2,061&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Changes in policy related and operating receivables and
 payables&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;171&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(1,291&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;81&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(1,039&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Cash provided by (used in) operating activities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;2,393&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;2,772&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;13,913&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(2,061&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;17,017&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Investing activities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Purchases and mortgage advances&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(32&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(34,656&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(69,371&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(104,059&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Disposals and repayments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;32,343&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;49,658&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;82,001&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Changes in investment broker net receivables and payables&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(35&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(151&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(186&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Investment in common shares of subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(5,706&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,706&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net cash decrease from sale and purchase of subsidiaries and
 businesses&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(495&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(495&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Capital contribution to unconsolidated subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(350&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;350&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Return of capital from unconsolidated subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Notes receivable from affiliates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;544&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(544&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Notes receivable from parent&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;344&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(344&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Notes receivable from subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(6&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(40&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;46&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Cash provided by (used in) investing activities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(5,744&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(2,737&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(19,471&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;5,213&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(22,739&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Financing activities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 (Decrease) increase in repurchase agreements and securities sold
 but not&amp;#xA0;yet purchased&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(23&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(23&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Issue of long-term debt, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,899&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,899&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Redemption of long-term debt&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(158&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(158&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Issue of capital instruments, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;479&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;479&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Redemption of capital instruments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(949&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(949&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Secured borrowings from securitization transactions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;847&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;847&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Changes in deposits from Bank clients, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(157&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(157&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Shareholders&amp;#x2019; dividends paid in cash&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,593&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,593&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Contributions from (distributions to) &lt;font style="WHITE-SPACE: nowrap"&gt;non-controlling&lt;/font&gt; interests, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Common shares issued, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;66&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,706&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(5,706&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;66&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Preferred shares issued, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;884&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;884&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Dividends paid to parent&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2,061&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 &amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;2,061&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Capital contributions by parent&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;350&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(350&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Return of capital to parent&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Notes payable to affiliates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(544&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;544&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Notes payable to parent&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;46&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(46&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Notes payable to subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(344&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;344&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Cash provided by (used in) financing activities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;3,391&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(544&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;3,610&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(3,152&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;3,305&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Cash and short-term securities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Increase (decrease) during the year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;40&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(509&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,948&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2,417&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Effect&amp;#xA0;of foreign exchange rate changes on cash and short-term
 securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(149&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(197&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(347&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Balance, beginning of year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;122&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;4,445&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;12,435&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;17,002&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Balance, end of year&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;161&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;3,787&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;10,290&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;14,238&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Cash and short-term securities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Beginning of year&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Gross cash and short-term securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;122&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,938&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,825&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;17,885&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net payments in transit, included in other liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(493&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(390&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(883&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net cash and short-term securities, beginning of year&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;122&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;4,445&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;12,435&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;17,002&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;End of year&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Gross cash and short-term securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;161&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,317&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,673&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;15,151&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net payments in transit, included in other liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(530&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(383&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(913&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net cash and short-term securities, end of year&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;161&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;3,787&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;10,290&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;14,238&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Supplemental disclosures on cash flow information:&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest received&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,523&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,795&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(768&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,550&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest paid&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;210&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;144&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,397&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(768&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;983&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Income taxes paid&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;35&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;68&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;738&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;841&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 18px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfConsolidatedAndSeparateFinancialStatementsExplanatory>
  <ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_F6966B45-DB6B-4E54-8C54-361E66478B14_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#2A517F"&gt;&lt;b&gt;Note 5&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;Derivative
 and Hedging Instruments&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Derivatives are financial contracts, the value of which is derived
 from underlying interest rates, foreign exchange rates, other
 financial instruments, commodity prices or indices. The Company
 uses derivatives including swaps, forward and futures agreements,
 and options to manage current and anticipated exposures to changes
 in interest rates, foreign exchange rates, commodity prices and
 equity market prices, and to replicate permissible investments.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Swaps are&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;over-the-counter&lt;/font&gt;&lt;/font&gt;&amp;#xA0;(&amp;#x201C;OTC&amp;#x201D;)
 contractual agreements between the Company and a third party to
 exchange a series of cash flows based upon rates applied to a
 notional amount. For interest rate swaps, counterparties generally
 exchange fixed or floating interest rate payments based on a
 notional value in a single currency. Cross currency swaps involve
 the exchange of principal amounts between parties as well as the
 exchange of interest payments in one currency for the receipt of
 interest payments in another currency. Total return swaps are
 contracts that involve the exchange of payments based on changes in
 the values of a reference asset, including any returns such as
 interest earned on these assets, in return for amounts based on
 reference rates specified in the contract.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Forward and futures agreements are contractual obligations to buy
 or sell a financial instrument, foreign currency or other
 underlying commodity on a predetermined future date at a specified
 price. Forward contracts are OTC contracts negotiated between
 counterparties, whereas futures agreements are contracts with
 standard amounts and settlement dates that are traded on regulated
 exchanges.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Options are contractual agreements whereby the holder has the
 right, but not the obligation, to buy (call option) or sell (put
 option) a security, exchange rate, interest rate, or other
 financial instrument at a predetermined price/rate within a
 specified time.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 See variable annuity dynamic hedging strategy in the &amp;#x201C;Risk
 Management&amp;#x201D; section of the Company&amp;#x2019;s 2017 MD&amp;amp;A for
 an explanation of the Company&amp;#x2019;s dynamic hedging strategy for
 its variable annuity product guarantees.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(a) Fair value of
 derivatives&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The pricing models used to value OTC derivatives are based on
 market standard valuation methodologies and the inputs to these
 models are consistent with what a market participant would use when
 pricing the instruments. Derivative valuations can be affected by
 changes in interest rates, currency exchange rates, financial
 indices, credit spreads, default risk (including the counterparties
 to the contract), and market volatility. The significant inputs to
 the pricing models for most OTC derivatives are inputs that are
 observable or can be corroborated by observable market data and are
 classified as Level&amp;#xA0;2. Inputs that are observable generally
 include interest rates, foreign currency exchange rates and
 interest rate curves. However, certain OTC derivatives may rely on
 inputs that are significant to the fair value that are not
 observable in the market or cannot be derived principally from, or
 corroborated by, observable market data and these derivatives are
 classified as Level&amp;#xA0;3. Inputs that are unobservable generally
 include broker quotes, volatilities and inputs that are outside of
 the observable portion of the interest rate curve or other relevant
 market measures. These unobservable inputs may involve significant
 management judgment or estimation. Even though unobservable, these
 inputs are based on assumptions deemed appropriate given the
 circumstances and consistent with what market participants would
 use when pricing such instruments. The Company&amp;#x2019;s use of
 unobservable inputs is limited and the impact on derivative fair
 values does not represent a material amount as evidenced by the
 limited amount of Level&amp;#xA0;3 derivatives. The credit risk of both
 the counterparty and the Company are considered in determining the
 fair value for all OTC derivatives after considering the effects of
 netting agreements and collateral arrangements.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents the gross notional amount and fair
 value of derivative contracts by the underlying risk exposure for
 derivatives in qualifying hedging and derivatives not designated in
 qualifying hedging relationships.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="11%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td width="37%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5" colspan="3"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="12"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="12"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom" colspan="3"&gt;&lt;font style="FONT-SIZE: 7pt" color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10" align="center"&gt;&lt;font style="FONT-SIZE: 7pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="10" align="center"&gt;&lt;font style="FONT-SIZE: 7pt"&gt;2016&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" rowspan="2" colspan="2" align="right"&gt;Notional&lt;br /&gt;
 amount&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" rowspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;Fair
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" rowspan="2" colspan="2" align="right"&gt;
 Notional&lt;br /&gt;
 amount&lt;/td&gt;
 &lt;td valign="bottom" rowspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;Fair value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Type of
 hedge&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;Instrument type&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Assets&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Liabilities&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right"&gt;Assets&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right"&gt;Liabilities&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-TOP: rgb(31,50,12) 1px solid" valign="top" colspan="3"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Qualifying hedge accounting relationships&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-TOP: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-TOP: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-TOP: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-TOP: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-TOP: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-TOP: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-TOP: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Fair&amp;#xA0;value&amp;#xA0;hedges&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest rate swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;548&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;20&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,158&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;477&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Foreign currency swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;84&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;91&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Cash&amp;#xA0;flow&amp;#xA0;hedges&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Foreign currency swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,757&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;20&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;333&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,285&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;447&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Forward contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;165&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;255&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;23&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;125&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;16&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;126&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;21&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top" colspan="3"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total derivatives in qualifying hedge accounting relationships&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,679&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;37&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;362&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;3,915&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;22&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;951&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top" colspan="3"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Derivatives not designated in qualifying hedge&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;accounting relationships&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest rate swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;246,270&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,984&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,251&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;281,188&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;21,900&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,878&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest rate futures&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;11,551&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;11,616&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest rate options&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;10,093&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;312&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9,390&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;376&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Foreign currency swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16,321&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;494&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,122&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,226&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;347&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,645&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Currency rate futures&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,157&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,729&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Forward contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;20,341&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;915&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;65&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;15,411&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;340&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;644&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;13,597&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;813&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;22&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;14,989&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;669&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;33&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Credit default swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;606&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;662&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity futures&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;12,158&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;16,072&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top" colspan="3"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total derivatives not designated in qualifying hedge accounting
 relationships&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;334,094&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;15,532&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7,460&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;366,283&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;23,650&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;13,200&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top" colspan="3"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total derivatives&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;336,773&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;15,569&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;7,822&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;370,198&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;23,672&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;14,151&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents fair value of derivative instruments
 by remaining term to maturity. Fair values disclosed below do not
 incorporate the impact of master netting agreements. Refer to note
 10.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="59%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="14" align="center"&gt;Remaining
 term to maturity&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Less&amp;#xA0;than&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;1 year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;1 to 3&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;3 to 5&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Over 5&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Total&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Derivative assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;605&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;822&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;889&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;13,253&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;15,569&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Derivative liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;224&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;149&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;168&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7,281&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,822&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="center"&gt;&lt;font style="FONT-SIZE: 7pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="13" align="center"&gt;&lt;font style="FONT-SIZE: 7pt"&gt;Remaining
 term to maturity&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font style="FONT-SIZE: 7pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;Less&amp;#xA0;than&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;1 year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1 to 3&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;3 to 5&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;Over 5&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;Total&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Derivative assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;467&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;680&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;719&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;21,806&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 &amp;#xA0;&amp;#xA0;23,672&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Derivative liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;593&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;595&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;511&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;12,452&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;14,151&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents gross notional amount by remaining
 term to maturity, total fair value (including accrued interest),
 credit risk equivalent and risk-weighted amount by contract
 type.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="34%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="14" align="center"&gt;Remaining
 term to maturity (notional amounts)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="14" align="center"&gt;Fair
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Under 1&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;1 to 5&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Over&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;5 years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Positive&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Negative&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Net&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Credit&amp;#xA0;risk&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;equivalent&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Risk-&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;weighted&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;amount&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest rate contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 OTC swap contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,161&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;19,141&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;112,412&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;138,714&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;13,379&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(6,867&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,512&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,588&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;809&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Cleared swap contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,615&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,928&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;93,561&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;108,104&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;245&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(206&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;39&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Forward contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,036&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;10,614&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;675&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;17,325&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;903&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(38&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;865&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;285&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;35&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Futures&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;11,551&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;11,551&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Options purchased&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;816&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,856&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5,421&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10,093&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;312&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;312&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;471&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;61&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Subtotal&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;27,179&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;46,539&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;212,069&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;285,787&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;14,839&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(7,111&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,728&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,344&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;905&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Foreign exchange&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Swap contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;999&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,481&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,682&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;18,162&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;510&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,483&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(973&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,874&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;200&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Forward contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,046&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;135&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,181&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;12&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(31&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(19&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;101&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Futures&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,157&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,157&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Credit derivatives&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;568&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Swap contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,612&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;169&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
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 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,781&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;60&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(14&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;46&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;337&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;35&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Futures&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,158&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
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 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,158&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Options purchased&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,693&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6,148&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;100&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10,941&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;769&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(10&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;759&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,606&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;305&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Subtotal including accrued interest&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;53,882&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;58,040&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;224,851&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;336,773&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16,204&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(8,649&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,555&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,262&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,457&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Less accrued interest&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;635&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(827&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(192&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;53,882&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;58,040&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;224,851&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;336,773&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;15,569&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(7,822&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7,747&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;12,262&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,457&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="14" align="center"&gt;Remaining term to maturity (notional
 amounts)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="14" align="center"&gt;Fair value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Under 1&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;1 to 5&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Over&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;5 years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Positive&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Negative&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Net&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Credit&amp;#xA0;risk&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;equivalent&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Risk-&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;weighted&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;amount&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest rate contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 OTC swap contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,244&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;37,395&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;164,252&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;214,891&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;19,327&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(10,154&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9,173&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,205&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 1,493&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Cleared swap contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;717&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,786&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;62,952&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;68,455&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,507&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2,117&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,390&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest rate forwards&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7,229&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,143&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;873&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;14,245&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;326&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(629&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(303&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;192&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;29&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Futures&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;11,616&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;11,616&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Options purchased&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;483&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2,927&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;5,980&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;9,390&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;376&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;376&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;458&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;70&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Subtotal&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;33,289&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;51,251&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;234,057&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;318,597&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;23,536&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(12,900&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,636&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,855&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 1,592&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Foreign exchange&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Swap contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;425&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,917&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9,259&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,601&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;346&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2,120&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,774&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,491&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;181&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Forward contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,257&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;165&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,422&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(38&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(25&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;62&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Futures&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,729&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,729&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Credit derivatives&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;47&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;615&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;662&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Swap contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,107&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;192&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,299&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;64&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(35&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;29&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;495&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;54&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Futures&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;16,072&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;16,072&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Options purchased&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;6,007&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;5,809&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;11,816&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;626&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(2&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;624&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2,735&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;358&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Subtotal including accrued interest&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;64,933&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;61,949&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;243,316&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;370,198&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;24,603&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(15,095&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9,508&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;15,638&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 2,194&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Less accrued interest&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;931&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(944&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(13&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;64,933&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;61,949&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;243,316&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;370,198&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;23,672&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(14,151&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;9,521&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;15,638&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;2,194&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Credit risk equivalent is the sum of
 replacement cost and the potential future credit exposure.
 Replacement cost represents the current cost of replacing all
 contracts with a positive fair value. The amounts take into
 consideration legal contracts that permit offsetting of positions.
 The potential future credit exposure is calculated based on a
 formula prescribed by OSFI.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Risk-weighted amount represents the
 credit risk equivalent, weighted according to the creditworthiness
 of the counterparty, as prescribed by OSFI.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The total notional amount of $337&amp;#xA0;billion
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$370 billion) includes $114&amp;#xA0;billion
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$177 billion) related to derivatives
 utilized in the Company&amp;#x2019;s variable annuity guarantee dynamic
 hedging and macro equity risk hedging programs. Due to the
 Company&amp;#x2019;s variable annuity hedging practices, a large number
 of trades are in offsetting positions, resulting in materially
 lower net fair value exposure to the Company than what the gross
 notional amount would suggest.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents fair value of derivative contracts and
 the fair value hierarchy.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="65%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Fair value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Level&amp;#xA0;1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Level&amp;#xA0;2&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Level&amp;#xA0;3&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Derivative assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest rate contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;14,199&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;13,181&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,018&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Foreign exchange contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;527&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;527&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Equity contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;829&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;768&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;61&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Credit default swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total derivative assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;15,569&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14,490&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,079&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Derivative liabilities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest rate contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,309&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,012&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;297&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Foreign exchange contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,490&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,490&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Equity contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;23&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;13&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total derivative liabilities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7,822&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7,512&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;310&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Fair value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Level&amp;#xA0;1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Level&amp;#xA0;2&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Level&amp;#xA0;3&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Derivative assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest rate contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;22,602&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;22,045&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;557&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Foreign exchange contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;362&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;361&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Equity contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;690&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;182&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;508&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Credit default swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;18&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;18&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total derivative assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;23,672&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;22,606&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;1,066&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Derivative liabilities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest rate contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;11,984&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;11,114&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;870&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Foreign exchange contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,133&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,133&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Equity contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;34&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;33&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total derivative liabilities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;14,151&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;13,248&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;903&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents a roll forward for net derivative
 contracts measured at fair value using significant unobservable
 inputs (Level 3).&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="81%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Balance at the beginning of the year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;163&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;350&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net realized / unrealized gains (losses) included in:&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Net income&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,082&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;47&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 OCI&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(9&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;40&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Purchases&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;22&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;373&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Settlements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(103&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(522&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Transfers&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Into Level&amp;#xA0;3&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Out of Level&amp;#xA0;3&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(363&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(116&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Currency movement&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(23&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(9&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Balance at the end of the year&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;769&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;163&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Change in unrealized gains (losses) on instruments still
 held&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;832&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;145&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;These amounts are included in
 investment income on the Consolidated Statements of Income.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;These amounts are included in AOCI on
 the Consolidated Statements of Financial Position.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;For derivatives transferred into and
 out of Level&amp;#xA0;3, the Company uses the fair value of the items
 at the end and beginning of the period, respectively. Transfers
 into Level&amp;#xA0;3 occur when the inputs used to price the assets
 and liabilities lack observable market data (versus the previous
 year). Transfers out of Level&amp;#xA0;3 occur when the inputs used to
 price the assets and liabilities become available from observable
 market data.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(b) Hedging relationships&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company uses derivatives for economic hedging purposes. In
 certain circumstances, these hedges also meet the requirements of
 hedge accounting. Risk management strategies eligible for hedge
 accounting are designated as fair value hedges, cash flow hedges or
 net investment hedges, as described below.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Fair value hedges&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company uses interest rate swaps to manage its exposure to
 changes in the fair value of fixed rate financial instruments due
 to changes in interest rates. The Company also uses cross currency
 swaps to manage its exposure to foreign exchange rate fluctuations,
 interest rate fluctuations, or both.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company recognizes gains and losses on derivatives and the
 related hedged items in fair value hedges in investment income.
 These investment gains (losses) are shown in the following
 table.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="34%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td width="35%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Hedged items in qualifying&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 fair value hedging&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 relationships&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Gains&amp;#xA0;(losses)&lt;br /&gt;
 recognized&amp;#xA0;on&lt;br /&gt;
 derivatives&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Gains&amp;#xA0;(losses)&lt;br /&gt;
 recognized&amp;#xA0;for&lt;br /&gt;
 hedged&amp;#xA0;items&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Ineffectiveness&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;br /&gt;
 recognized in&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;br /&gt;
 investment&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;br /&gt;
 income&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest rate swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Fixed rate assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1)&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Fixed rate liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(17&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;17&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Foreign currency swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Fixed rate assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(17&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;18&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="2"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Hedged items in qualifying&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 fair value hedging&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 relationships&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Gains&amp;#xA0;(losses)&lt;br /&gt;
 recognized&amp;#xA0;on&lt;br /&gt;
 derivatives&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Gains&amp;#xA0;(losses)&lt;br /&gt;
 recognized&amp;#xA0;for&lt;br /&gt;
 hedged&amp;#xA0;items&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;
 Ineffectiveness&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;br /&gt;
 recognized in&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;br /&gt;
 investment&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;br /&gt;
 income&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest rate swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Fixed rate assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(52&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;30&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 &amp;#xA0;&amp;#xA0;(22)&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Fixed rate liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Foreign currency swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Fixed rate assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(53&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;33&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(20)&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Cash flow hedges&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company uses interest rate swaps to hedge the variability in
 cash flows from variable rate financial instruments and forecasted
 transactions. The Company also uses cross currency swaps and
 foreign currency forward contracts to hedge the variability from
 foreign currency financial instruments and foreign currency
 expenses. Total return swaps are used to hedge the variability in
 cash flows associated with certain stock-based compensation awards.
 Inflation swaps are used to reduce inflation risk generated from
 inflation-indexed liabilities.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The effects of derivatives in cash flow hedging relationships on
 the Consolidated Statements of Income and the Consolidated
 Statements of Comprehensive Income are shown in the following
 table.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="34%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td width="35%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Hedged items in qualifying&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 cash flow hedging&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 relationships&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Gains (losses)&lt;br /&gt;
 deferred in&lt;br /&gt;
 AOCI on&lt;br /&gt;
 derivatives&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Gains
 (losses)&lt;br /&gt;
 reclassified&lt;br /&gt;
 from&amp;#xA0;AOCI&amp;#xA0;into&lt;br /&gt;
 investment&lt;br /&gt;
 income&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Ineffectiveness&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;br /&gt;
 recognized in&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;br /&gt;
 investment&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;income&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest rate swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Forecasted liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(17&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Foreign currency swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Fixed rate assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Floating rate liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;95&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;50&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Fixed rate liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;35&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Forward contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Forecasted expenses&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(10&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Stock-based compensation&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;20&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;29&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;163&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;58&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="2"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Hedged items in qualifying&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 cash flow hedging&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 relationships&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Gains (losses)&lt;br /&gt;
 deferred in&lt;br /&gt;
 AOCI on&lt;br /&gt;
 derivatives&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Gains (losses)&lt;br /&gt;
 reclassified&lt;br /&gt;
 from&amp;#xA0;AOCI&amp;#xA0;into&lt;br /&gt;
 investment&lt;br /&gt;
 income&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;
 Ineffectiveness&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;br /&gt;
 recognized in&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;br /&gt;
 investment&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;br /&gt;
 income&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest rate swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Forecasted liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(18&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Foreign currency swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Fixed rate assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(4&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Floating rate liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;47&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 &amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;23&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Fixed rate liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(15&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(8&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Forward contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Forecasted expenses&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(14&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;Stock-based compensation&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;39&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;font style="WHITE-SPACE: nowrap"&gt;Non-derivative&lt;/font&gt;&amp;#xA0;financial
 instrument&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 Forecasted expenses&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;3&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;74&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(15&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company anticipates that net losses of approximately $13 will
 be reclassified from AOCI to net income within the next 12 months.
 The maximum time frame for which variable cash flows are hedged is
 19 years.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Hedges of net investments in foreign
 operations&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company primarily uses forward currency contracts, cross
 currency swaps and&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;non-functional&lt;/font&gt;&amp;#xA0;currency
 denominated debt to manage its foreign currency exposures to net
 investments in foreign operations.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The effects of net investment hedging relationships on the
 Consolidated Statements of Income and the Consolidated Statements
 of Other Comprehensive Income are shown in the following table.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="63%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Gains&amp;#xA0;(losses)&lt;br /&gt;
 deferred&amp;#xA0;in&amp;#xA0;AOCI&lt;br /&gt;
 on derivatives&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Gains&amp;#xA0;(losses)&lt;br /&gt;
 reclassified&amp;#xA0;from&lt;br /&gt;
 AOCI into&lt;br /&gt;
 investment&amp;#xA0;income&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Ineffectiveness&lt;br /&gt;
 recognized in&lt;br /&gt;
 investment&lt;br /&gt;
 income&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;font style="WHITE-SPACE: nowrap"&gt;Non-functional&lt;/font&gt;&amp;#xA0;currency
 denominated debt&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;355&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;355&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Gains (losses)&lt;br /&gt;
 deferred in AOCI&lt;br /&gt;
 on derivatives&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Gains (losses)&lt;br /&gt;
 reclassified from&lt;br /&gt;
 AOCI into&lt;br /&gt;
 investment income&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Ineffectiveness&lt;br /&gt;
 recognized in&lt;br /&gt;
 investment&lt;br /&gt;
 income&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;font style="WHITE-SPACE: nowrap"&gt;Non-functional&lt;/font&gt;&amp;#xA0;currency
 denominated debt&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(25&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(25&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(c) Derivatives not designated in
 qualifying hedge accounting relationships&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Derivatives used in portfolios supporting insurance contract
 liabilities are generally not designated in qualifying hedge
 accounting relationships because the change in the value of the
 insurance contract liabilities economically hedged by these
 derivatives is also recorded through net income. Given the changes
 in fair value of these derivatives and related hedged risks are
 recognized in investment income as they occur, they generally
 offset the change in hedged risk to the extent the hedges are
 economically effective. Interest rate and cross currency swaps are
 used in the portfolios supporting insurance contract liabilities to
 manage duration and currency risks.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The effects of derivatives not designated in qualifying hedge
 accounting relationships on the Consolidated Statements of Income
 are shown in the following table.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="81%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Investment income (loss)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest rate swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(927&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(141&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest rate futures&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;372&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(26&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest rate options&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(96&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(11&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Foreign currency swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;529&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(14&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Currency rate futures&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(92&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;263&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Forward contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,231&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(88&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity futures&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(2,190&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2,387&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;153&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(171&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Credit default swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(4&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,024)&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(2,574&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(d) Embedded derivatives&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Certain insurance contracts contain features that are classified as
 embedded derivatives and are measured separately at FVTPL including
 reinsurance contracts related to guaranteed minimum income benefits
 and contracts containing certain credit and interest rate
 features.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Certain reinsurance contracts related to guaranteed minimum income
 benefits contain embedded derivatives requiring separate
 measurement at FVTPL as the financial component contained in the
 reinsurance contracts does not contain significant insurance risk.
 As at December&amp;#xA0;31, 2017, reinsurance ceded guaranteed minimum
 income benefits had a fair value of $1,079
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$1,408) and reinsurance assumed guaranteed
 minimum income benefits had a fair value of $100
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$119). Claims recovered under reinsurance
 ceded contracts offset claims expenses and claims paid on the
 reinsurance assumed are reported as contract benefits.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company&amp;#x2019;s credit and interest rate embedded derivatives
 promise to pay the returns on a portfolio of assets to the contract
 holder. These embedded derivatives contain a credit and interest
 rate risk that is a financial risk embedded in the underlying
 insurance contract. As at December&amp;#xA0;31, 2017, these embedded
 derivatives had a fair value of $123
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$218).&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Other financial instruments classified as embedded derivatives but
 exempt from separate measurement at fair value include variable
 universal life and variable life products, minimum guaranteed
 credited rates, no lapse guarantees, guaranteed annuitization
 options, CPI indexing of benefits, and segregated fund minimum
 guarantees other than reinsurance ceded/assumed guaranteed minimum
 income benefits. These embedded derivatives are measured and
 reported within insurance contract liabilities and are exempt from
 separate fair value measurement as they contain insurance risk
 and/or are closely related to the insurance host contract.&lt;/p&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory>
  <ifrs-full:DisclosureOfDetailedInformationAboutBorrowingsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_7E4B4A52-962D-4E71-A0F5-12C159AC91B2_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(a)
 Carrying value of long-term debt instruments&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="46%"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="2"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="2"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;Issue
 date&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 Maturity date&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Par value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 4.70% Senior notes&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1),(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;June&amp;#xA0;23, 2016&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;June&amp;#xA0;23, 2046&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;US$&amp;#xA0;&amp;#xA0;1,000&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,246&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,333&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 5.375% Senior notes&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2),(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;March&amp;#xA0;4, 2016&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;March&amp;#xA0;4, 2046&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 US$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;750&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;928&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;994&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 3.527% Senior notes&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2),(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;December&amp;#xA0;2, 2016&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;December&amp;#xA0;2, 2026&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 US$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;270&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;338&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;361&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 4.150% Senior notes&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2),(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;March&amp;#xA0;4, 2016&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;March&amp;#xA0;4, 2026&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;US$&amp;#xA0;&amp;#xA0;1,000&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,246&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,333&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 4.90% Senior notes&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2),(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;September&amp;#xA0;17,&amp;#xA0;2010&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;September&amp;#xA0;17,&amp;#xA0;2020&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 US$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;500&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;626&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;669&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 7.768% Medium-term notes&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;April&amp;#xA0;8, 2009&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;April&amp;#xA0;8, 2019&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 $&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;600&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;599&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 5.505% Medium-term notes&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;June&amp;#xA0;26, 2008&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;June&amp;#xA0;26, 2018&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 $&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;400&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;400&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;400&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other notes payable&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 n/a&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 n/a&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;n/a&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;7&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;4,785&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;5,696&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;MFC may redeem the notes in whole,
 but not in part, on June&amp;#xA0;23, 2021 and thereafter on every
 June&amp;#xA0;23, at a redemption price equal to par, together with
 accrued and unpaid interest.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;MFC may redeem the senior notes in
 whole or in part, at any time, at a redemption price equal to the
 greater of par and a price based on the yield of a corresponding
 U.S. Treasury bond plus a specified number of basis points. The
 specified number of basis points is as follows: 5.375% &amp;#x2013; 40
 bps, 3.527% &amp;#x2013; 20 bps, 4.150% &amp;#x2013; 35 bps, and 4.90%
 &amp;#x2013; 35 bps.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;These U.S. dollar senior notes have
 been designated as hedges of the Company&amp;#x2019;s net investment in
 its U.S. operations which reduces the earnings volatility that
 would otherwise arise from the &lt;font style="WHITE-SPACE: nowrap"&gt;re-measurement&lt;/font&gt; of these senior notes
 into Canadian dollars.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;On October&amp;#xA0;6, 2017, MFC
 redeemed, prior to maturity, all of its outstanding 7.768% medium
 term notes due April&amp;#xA0;8, 2019. The early redemption premium of
 $44 before income taxes was recorded as interest expense.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;MFC may redeem the medium-term notes
 in whole or in part, at any time, at a redemption price equal to
 the greater of par and a price based on the yield of a
 corresponding Government of Canada bond plus 39 basis points.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Other notes payable were
 substantially repaid during the year.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfDetailedInformationAboutBorrowingsExplanatory>
  <ifrs-full:ExpenseFromSharebasedPaymentTransactionsWithEmployees contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_D0C65463-8EBC-4DCC-BEF5-F2BF497A041B_1_0" unitRef="iso4217_CAD">16000000</ifrs-full:ExpenseFromSharebasedPaymentTransactionsWithEmployees>
  <ifrs-full:IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_53E0637F-D0C5-48EA-8CE4-859E302B7510_1_29" unitRef="iso4217_CAD">49000000</ifrs-full:IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome>
  <ifrs-full:IncomeTaxRelatingToHedgesOfNetInvestmentsInForeignOperationsOfOtherComprehensiveIncome contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_53E0637F-D0C5-48EA-8CE4-859E302B7510_1_26" unitRef="iso4217_CAD">48000000</ifrs-full:IncomeTaxRelatingToHedgesOfNetInvestmentsInForeignOperationsOfOtherComprehensiveIncome>
  <ifrs-full:IncreaseDecreaseInReinsuranceAssets contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_77ACF7A3-1C1F-42E6-BD5E-D8866F052D11_1_16" unitRef="iso4217_CAD">2269000000</ifrs-full:IncreaseDecreaseInReinsuranceAssets>
  <ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_67A1B3A3-5C9F-4411-B63B-6D362541E697_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#2A517F"&gt;&lt;b&gt;Note
 17&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0; Interests in Structured
 Entities&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company is involved with both
 consolidated and unconsolidated structured entities
 (&amp;#x201C;SEs&amp;#x201D;) which are established to generate investment
 returns and/or fee income. The Company is also involved with SEs
 that are used to facilitate financing for the Company. These
 entities may have some or all of the following features: control is
 not readily identified based on voting rights; restricted
 activities designed to achieve a narrow objective; high amount of
 leverage; and/or highly structured capital.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company only discloses its
 involvement in significant consolidated and unconsolidated SEs. In
 assessing the significance, the Company considers the nature of its
 involvement with the SE, including whether it is sponsored by the
 Company (i.e. initially organized and managed by the Company).
 Other factors considered include the Company&amp;#x2019;s investment in
 the SE as compared to total investments, its returns from the SE as
 compared to total net investment income, the SE&amp;#x2019;s size as
 compared to total funds under management, and its exposure to any
 other risks from its involvement with the SE.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company does not provide
 financial or other support to its SEs, when it does not have a
 contractual obligation to do so.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(a)
 Consolidated SEs&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 3pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Investment SEs&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company acts as an investment
 manager of timberlands and timber companies. The Company&amp;#x2019;s
 general fund and segregated funds invest in many of these
 companies. The Company has control over one timberland company
 which it manages, Hancock Victoria Plantations Holdings PTY Limited
 (&amp;#x201C;HVPH&amp;#x201D;). HVPH is a SE primarily because the
 Company&amp;#x2019;s employees exercise voting rights over it on behalf
 of other investors. As at December&amp;#xA0;31, 2017, the
 Company&amp;#x2019;s consolidated timber assets relating to HVPH were
 $884 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$920). The Company does not provide
 guarantees to other parties against the risk of loss from
 HVPH.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Financing
 SEs&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company securitizes certain
 insured and variable rate commercial and residential mortgages and
 HELOC. This activity is facilitated by consolidated entities that
 are SEs because their operations are limited to issuing and
 servicing the Company&amp;#x2019;s capital. Further information
 regarding the Company&amp;#x2019;s mortgage securitization program is
 included in note 4.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(b)
 Unconsolidated SEs&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 3pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Investment SEs&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following table presents the
 Company&amp;#x2019;s investment and maximum exposure to loss from
 significant unconsolidated investment SEs, some of which are
 sponsored by the Company. The Company does not provide guarantees
 to other parties against the risk of loss from these
 SEs.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="66%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Company&amp;#x2019;s investment&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Company&amp;#x2019;s maximum&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;exposure to loss&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Leveraged leases&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;3,273&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;3,369&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;3,273&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;3,369&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Timberland companies&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;736&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;736&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;786&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;749&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Real estate companies&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;361&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;327
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;361&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;327
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,370&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;4,432
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,420&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;4,445
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The Company&amp;#x2019;s investments in
 these unconsolidated SEs are included in invested assets and the
 Company&amp;#x2019;s returns from them are included in net investment
 income and AOCI.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The Company&amp;#x2019;s maximum exposure
 to loss from each SE is limited to amounts invested in each, plus
 unfunded capital commitments, if any. The Company&amp;#x2019;s
 investment commitments are disclosed in note 18. The maximum loss
 is expected to occur only upon the entity&amp;#x2019;s
 bankruptcy/liquidation, or as a result of a natural disaster in the
 case of the timber companies.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;These entities are statutory business
 trusts which use capital provided by the Company and senior debt
 provided by other parties to finance the acquisition of assets.
 These assets are leased to third-party lessees under long-term
 leases. The Company owns equity capital in these business trusts.
 The Company does not consolidate any of the trusts that are party
 to the lease arrangements because the Company does not have
 decision-making power over them.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;These entities own and operate
 timberlands. The Company invests in their equity and debt. The
 Company&amp;#x2019;s returns include investment income, investment
 advisory fees, forestry management fees and performance advisory
 fees. The Company does not control these entities because it either
 does not have the power to govern their financial and operating
 policies or does not have significant variable returns from them,
 or both.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;These entities, which include the
 Manulife U.S. REIT, own and manage commercial real estate. The
 Company invests in their equity. The Company&amp;#x2019;s returns
 include investment income, investment management fees, property
 management fees, acquisition/disposition fees, and leasing fees.
 The Company does not control these entities because it either does
 not have the power to govern their financial and operating policies
 or does not have significant variable returns from them, or
 both.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Financing
 SEs&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following table presents the
 Company&amp;#x2019;s interests and maximum exposure to loss from
 significant unconsolidated financing SEs.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="82%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Company&amp;#x2019;s interests&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Finance (Delaware), L.P.&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;835&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;876&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Financial Capital Trust II&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,000&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;1,000
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;1,835&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;1,876
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The Company&amp;#x2019;s interests include
 amounts borrowed from the SEs and the Company&amp;#x2019;s investment in
 their subordinated capital, and foreign currency and interest swaps
 with them, if any.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;This entity is a wholly-owned
 partnership used to facilitate the Company&amp;#x2019;s financing. Refer
 to notes 12 and 18.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;This entity is an open-ended trust
 that is used to facilitate the Company&amp;#x2019;s financing. Refer to
 note 12.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(i) Other
 invested assets&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company has investment
 relationships with a variety of other entities, which result from
 its direct investment in their debt and/or equity and which have
 been assessed for control. These other entities&amp;#x2019; investments
 include, but are not limited to investments in power and
 infrastructure, oil and gas, private equity, real estate and
 agriculture, organized as limited partnerships and limited
 liability companies. Most of these other entities are not sponsored
 by the Company. The Company&amp;#x2019;s involvement with these other
 entities is not individually significant. As such, the Company
 neither provides summary financial data for these entities nor
 individually assesses whether they are SEs. The Company&amp;#x2019;s
 maximum exposure to losses because of its involvement with these
 other entities is limited to its investment in them and amounts
 committed to be invested but not yet funded. The Company records
 its income from these entities in net investment income and AOCI.
 The Company does not provide guarantees to other parties against
 the risk of loss from these other entities.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(ii)
 Interest in securitized assets&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company invests in
 mortgage/asset-backed securities issued by securitization vehicles
 sponsored by other parties, including private issuers and
 government sponsored issuers, to generate investment income. The
 Company does not own a controlling financial interest in any of the
 issuers. These securitization vehicles are SEs based on their
 narrow scope of activities and highly leveraged capital structures.
 Investments in mortgage/asset-backed securities are reported on the
 Consolidated Statements of Financial Position as debt securities
 and private placements, and their fair value and carrying value are
 disclosed in note 4. The Company&amp;#x2019;s maximum loss from these
 investments is limited to amounts invested.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Commercial mortgage-backed
 securities (&amp;#x201C;CMBS&amp;#x201D;) are secured by commercial mortgages
 and residential mortgage-backed securities (&amp;#x201C;RMBS&amp;#x201D;) are
 secured by residential mortgages. Asset-backed securities
 (&amp;#x201C;ABS&amp;#x201D;) may be secured by various underlying assets
 including credit card receivables, automobile loans and aviation
 leases. The mortgage/asset-backed securities that the Company
 invests in primarily originate in North America.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following table presents
 investments in securitized holdings by the type and asset
 quality.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="60%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="16"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="14" align="center"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="center"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;CMBS&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;RMBS&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;ABS&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 AAA&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,390&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;45&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,068&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,503&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,269&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 AA&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;401&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;401&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;393&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 A&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;16&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;488&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;504&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;592&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 BBB&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;142&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;142&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;221&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 BB and below&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;12&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;26&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;38&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total company exposure&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;1,418&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;45&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;2,113&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;3,576&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;3,513&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(iii)
 Mutual funds&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company sponsors and may
 invest in a range of public mutual funds with a broad range of
 investment styles. As sponsor, the Company organizes mutual funds
 that implement investment strategies on behalf of current and
 future investors. The Company earns fees which are at market rates
 for providing advisory and administrative services to these mutual
 funds. Generally, the Company does not control its sponsored mutual
 funds because either the Company does not have power to govern
 their financial and operating policies, or its returns in the form
 of fees and ownership interests are not significant, or both.
 Certain mutual funds are SEs because their decision-making rights
 are not vested in voting equity interests and their investors are
 provided with redemption rights.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company&amp;#x2019;s relationships
 with these mutual funds are not individually significant. As such,
 the Company neither provides summary financial data for these
 mutual funds nor individually assesses whether they are SEs. The
 Company&amp;#x2019;s interest in mutual funds is limited to its
 investment and fees earned, if any. The Company&amp;#x2019;s investments
 in mutual funds are recorded as part of its investment in public
 equities within the Consolidated Statements of Financial Position.
 For information regarding the Company&amp;#x2019;s invested assets,
 refer to note 4. The Company does not provide guarantees to other
 parties against the risk of loss from these mutual
 funds.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;As sponsor, the Company&amp;#x2019;s
 investment in startup capital of mutual funds as at
 December&amp;#xA0;31, 2017 was $1,918 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$1,903).
 The Company&amp;#x2019;s retail mutual fund assets under management as
 at December&amp;#xA0;31, 2017 were $195,472
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$169,919).&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory>
  <ifrs-full:DisclosureOfIssuedCapitalExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_D34350FF-56B2-4725-9253-F2A55F0BB9F6_1_0">&lt;div&gt;
 &lt;p style="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#2A517F"&gt;&lt;b&gt;Note
 14&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;Capital
 Management&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(a)
 Capital management&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The Company monitors and manages
 its consolidated capital in compliance with the Minimum Continuing
 Capital and Surplus Requirement (&amp;#x201C;MCCSR&amp;#x201D;) guideline,
 issued by the Office of the Superintendent of Financial
 Institutions (&amp;#x201C;OSFI&amp;#x201D;). Under this framework, the
 Company&amp;#x2019;s consolidated available capital is measured against
 a required amount of risk capital determined in accordance with the
 guideline.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The Company&amp;#x2019;s operating
 activities are conducted within MLI or its subsidiaries. MLI is
 regulated by OSFI and is also subject to consolidated risk-based
 capital requirements using the OSFI MCCSR framework.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;OSFI will be implementing a revised
 approach to the regulatory capital framework in Canada in the first
 quarter of 2018.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The Company seeks to manage its
 capital with the objectives of:&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;
 &lt;tr style="page-break-inside:avoid"&gt;
 &lt;td width="1%" valign="top" align="left"&gt;&lt;font style="font-family:Times New Roman" color="#1F320C"&gt;&lt;sup style="font-size:85%; vertical-align:top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td width="1%" valign="top"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td align="left" valign="top"&gt;Operating with sufficient capital to
 be able to honour all commitments to its policyholders and
 creditors with a high degree of confidence;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;
 &lt;tr style="page-break-inside:avoid"&gt;
 &lt;td width="1%" valign="top" align="left"&gt;&lt;font style="font-family:Times New Roman" color="#1F320C"&gt;&lt;sup style="font-size:85%; vertical-align:top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td width="1%" valign="top"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td align="left" valign="top"&gt;Retaining the ongoing confidence of
 regulators, policyholders, rating agencies, investors and other
 creditors in order to ensure access to capital markets; and&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;
 &lt;tr style="page-break-inside:avoid"&gt;
 &lt;td width="1%" valign="top" align="left"&gt;&lt;font style="font-family:Times New Roman" color="#1F320C"&gt;&lt;sup style="font-size:85%; vertical-align:top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td width="1%" valign="top"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td align="left" valign="top"&gt;Optimizing return on capital to meet
 shareholders&amp;#x2019; expectations subject to constraints and
 considerations of adequate levels of capital established to meet
 the first two objectives.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Capital is managed and monitored in
 accordance with the Capital Management Policy. The policy is
 reviewed and approved by the Board of Directors annually and is
 integrated with the Company&amp;#x2019;s risk and financial management
 frameworks. It establishes guidelines regarding the quantity and
 quality of capital, internal capital mobility, and proactive
 management of ongoing and future capital requirements.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The capital management framework
 takes into account the requirements of the Company as a whole as
 well as the needs of each of the Company&amp;#x2019;s subsidiaries.
 Internal capital targets are set above the regulatory requirements,
 and consider a number of factors, including expectations of
 regulators and rating agencies, results of sensitivity and stress
 testing and our own risk assessments. The Company monitors against
 these internal targets and initiates actions appropriate to
 achieving its business objectives.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:1px;margin-top:6px;margin-bottom:0px"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The following measure of
 consolidated capital serves as the foundation of the
 Company&amp;#x2019;s capital management activities at the MFC level. For
 regulatory reporting purposes, the numbers are further adjusted for
 various additions or deductions to capital, as mandated by the OSFI
 guideline.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Consolidated capital&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center"&gt;
 &lt;tr&gt;
 &lt;td width="78%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="font-size:1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;2016&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Total equity&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;42,163&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;42,823&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Adjusted for AOCI loss on cash flow hedges&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(109&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;(232&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Total equity excluding AOCI on cash flow hedges&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;42,272&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;43,055&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Qualifying capital instruments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;8,387&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;7,180&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Total capital&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;50,659&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;50,235&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(b)
 Restrictions on dividends and capital
 distributions&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Dividends and capital distributions
 are restricted under the Insurance Company Act (&amp;#x201C;ICA&amp;#x201D;).
 These restrictions apply to both the Company and its primary
 operating subsidiary MLI. The ICA prohibits the declaration or
 payment of any dividend on shares of an insurance company if there
 are reasonable grounds for believing a company does not have
 adequate capital and adequate and appropriate forms of liquidity or
 the declaration or the payment of the dividend would cause the
 company to be in contravention of any regulation made under the ICA
 respecting the maintenance of adequate capital and adequate and
 appropriate forms of liquidity, or of any direction made to the
 company by OSFI. The ICA also requires an insurance company to
 notify OSFI of the declaration of a dividend at least 15 days prior
 to the date fixed for its payment. Similarly, the ICA prohibits the
 purchase for cancellation of any shares issued by an insurance
 company or the redemption of any redeemable shares or other similar
 capital transactions, if there are reasonable grounds for believing
 that the company does not have adequate capital and adequate and
 appropriate forms of liquidity or the payment would cause the
 company to be in contravention of any regulation made under the ICA
 respecting the maintenance of adequate capital and adequate and
 appropriate forms of liquidity, or any direction made to the
 company by OSFI. These latter transactions would require the prior
 approval of OSFI.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The ICA requires Canadian insurance
 companies to maintain adequate levels of capital at all
 times.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Since the Company is a holding
 company that conducts all of its operations through regulated
 insurance subsidiaries (or companies owned directly or indirectly
 by these subsidiaries), its ability to pay future dividends will
 depend on the receipt of sufficient funds from its regulated
 insurance subsidiaries. These subsidiaries are also subject to
 certain regulatory restrictions under laws in Canada, the United
 States and certain other countries that may limit their ability to
 pay dividends or make other upstream distributions.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The Company and MLI have covenanted
 for the benefit of holders of the outstanding Trust II
 Notes&amp;#xA0;&amp;#x2013;&amp;#xA0;Series I (the &amp;#x201C;Notes&amp;#x201D;) that, if
 interest is not paid in full in cash on the Notes on any interest
 payment date or if MLI elects that holders of Notes invest interest
 payable on the Notes on any interest payment date in a new series
 of Manufacturers Life Class&amp;#xA0;1 Shares, MLI will not declare or
 pay cash dividends on any MLI Public Preferred Shares (as defined
 below), if any are outstanding, and if no MLI Public Preferred
 Shares are outstanding, MFC will not declare or pay cash dividends
 on its Preferred Shares and Common Shares, in each case, until the
 sixth month following such deferral date. &amp;#x201C;MLI Public
 Preferred Shares&amp;#x201D; means, at any time, preferred shares of MLI
 which at that time: (a)&amp;#xA0;have been issued to the public
 (excluding any preferred shares of MLI held beneficially by
 affiliates of MLI); (b) are listed on a recognized stock exchange;
 and (c)&amp;#xA0;have an aggregate liquidation entitlement of at least
 $200, however, if at any time, there is more than one class of MLI
 Public Preferred Shares outstanding, then the most senior class or
 classes of outstanding MLI Public Preferred Shares shall, for all
 purposes, be the MLI Public Preferred Shares.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfIssuedCapitalExplanatory>
  <ifrs-full:DisclosureOfOffsettingOfFinancialLiabilitiesExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_823575A6-2055-4814-B818-716CD6EB29EB_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following table presents the
 effect of unconditional netting.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="57%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="12%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="11%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom" colspan="2" align="right"&gt;Gross amounts of&lt;br /&gt;
 financial&amp;#xA0;instruments&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom" colspan="2" align="right"&gt;Amounts subject to&lt;br /&gt;
 an enforceable&lt;br /&gt;
 netting&amp;#xA0;arrangement&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom" colspan="2" align="right"&gt;Net amounts of&lt;br /&gt;
 financial&amp;#xA0;instruments&lt;br /&gt;
 presented in the&lt;br /&gt;
 Consolidated&lt;br /&gt;
 Statements of&lt;br /&gt;
 Financial Position&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Credit linked note&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DBDED8" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DBDED8" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DBDED8" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;461&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DBDED8" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DBDED8" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DBDED8" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DBDED8" valign="bottom" align="right"&gt;
 &lt;b&gt;(461&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DBDED8" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DBDED8" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DBDED8" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DBDED8" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DBDED8" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Variable surplus note&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom" align="right"&gt;&lt;b&gt;(461&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;461&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;In 2017, the Company entered into a
 twenty-year financing facility with a third party, agreeing to
 issue variable surplus notes in exchange for an equal amount of
 credit linked notes. These notes are held to support John Hancock
 Life Insurance Company (USA) (&amp;#x201C;JHUSA&amp;#x201D;) excess reserves
 under U.S. National Association of Insurance Commissioners&amp;#x2019;
 Model Regulation&amp;#xA0;XXX. In certain scenarios, the credit linked
 note will be drawn upon by the Company which will issue fixed
 surplus notes equal to the draw payment received. The third party
 has agreed to fund any such payment under the credit-linked notes
 in return for a fee. As at December&amp;#xA0;31, 2017, the Company had
 no fixed surplus notes outstanding.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfOffsettingOfFinancialLiabilitiesExplanatory>
  <ifrs-full:DisclosureOfReconciliationOfChangesInGoodwillExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_152AE6E2-26DA-44E9-925F-D36348CC3C49_1_0">&lt;div&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;sold, and where interdependencies
 exist. The following tables present the carrying value of goodwill
 by CGUs.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:8pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center"&gt;
 &lt;tr&gt;
 &lt;td width="63%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"&gt;
 CGU or Group of CGUs&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;Balance,&lt;br /&gt;
 January&amp;#xA0;1,&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" align="right"&gt;2017&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 Additions/&lt;br /&gt;
 disposals&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" nowrap="nowrap" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;Effect
 of&lt;br /&gt;
 changes in&lt;br /&gt;
 foreign&lt;br /&gt;
 exchange&lt;br /&gt;
 rates&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;Balance,&lt;br /&gt;
 December&amp;#xA0;31,&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" align="right"&gt;2017&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Asia (excluding Hong Kong and Japan)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;160&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(6&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;154&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Hong Kong&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;194&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(14&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;180&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Japan Insurance and Wealth&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;403&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(12&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;391&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Canadian Individual Life&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;155&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;155&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Canadian Affinity Markets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;83&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;83&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Canadian Wealth (excluding Manulife Bank)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;1,085&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;1,085&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Canadian Group Benefits and Group Retirement Solutions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;1,773&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;1,773&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 International Group Program&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;90&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(6&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;84&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 John Hancock Insurance&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;428&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(28&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;400&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 John Hancock Investments and Retirement Plan Services&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;1,220&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(99&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;1,121&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Manulife Asset Management and Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;293&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(6&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;287&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;5,884&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(171&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;5,713&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="font-size:1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL"&gt;
 CGU or Group of CGUs&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;Balance,&lt;br /&gt;
 January&amp;#xA0;1,&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" align="right"&gt;2016&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;Additions/&lt;br /&gt;
 disposals&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;Effect of&lt;br /&gt;
 changes in&lt;br /&gt;
 foreign&lt;br /&gt;
 exchange&lt;br /&gt;
 rates&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;Balance,&lt;br /&gt;
 December&amp;#xA0;31,&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" align="right"&gt;2016&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Asia (excluding Hong Kong and Japan)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;166&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(6&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;160&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Hong Kong&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;194&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;194&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Japan Insurance and Wealth&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;404&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;403&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Canadian Individual Life&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;155&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;155&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Canadian Affinity Markets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;83&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;83&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Canadian Wealth (excluding Manulife Bank)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,085&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,085&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Canadian Group Benefits and Group Retirement Solutions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,773&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,773&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 International Group Program&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;93&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(3&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;90&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 John Hancock Insurance&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;378&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;59&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(9&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;428&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 John Hancock Investments and Retirement Plan Services&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,254&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(37&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,220&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Manulife Asset Management and Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;294&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;(1&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;293&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;5,685&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;&amp;#xA0;&amp;#xA0;256&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;(57&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;5,884&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfReconciliationOfChangesInGoodwillExplanatory>
  <ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_E836DF16-8623-47E7-9E60-78D77A1A712E_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#2A517F"&gt;&lt;b&gt;Note
 15&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;Stock-Based
 Compensation&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(a) Stock
 options&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company grants stock options
 under its Executive Stock Option Plan (&amp;#x201C;ESOP&amp;#x201D;) to
 selected individuals. The options provide the holder the right to
 purchase MFC common shares at an exercise price equal to the higher
 of the prior day, prior &lt;font style="WHITE-SPACE: nowrap"&gt;five-day&lt;/font&gt; or prior &lt;font style="WHITE-SPACE: nowrap"&gt;ten-day&lt;/font&gt; average closing market price
 of the shares on the Toronto Stock Exchange on the date the options
 are granted. The options vest over a period not exceeding four
 years and expire not more than 10 years from the grant date.
 Effective with the 2015 grant, options may only be exercised after
 the fifth-year anniversary. A total of 73,600,000 common shares
 have been reserved for issuance under the ESOP.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Options
 outstanding&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="58%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;2016&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Number&amp;#xA0;of&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;options&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(in&amp;#xA0;millions&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 )&amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Weighted&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;average&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;exercise&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;price&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;Number&amp;#xA0;of&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;options&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(in&amp;#xA0;millions&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 )&amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;Weighted&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;average&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;exercise&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;price&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Outstanding, January&amp;#xA0;1&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;30&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;19.80&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;30&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;20.72&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Granted&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;24.56&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;17.65&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Exercised&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(7&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16.03&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(3&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;15.49&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Expired&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;39.47&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;32.92&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Forfeited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;20.86&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(1
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;21.04
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Outstanding, December&amp;#xA0;31&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;25&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;20.45&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;30
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;19.80
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Exercisable, December&amp;#xA0;31&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;12&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;19.93&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;18
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;20.15
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 14pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="43%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Options outstanding&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Options exercisable&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Number&amp;#xA0;of&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;options&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(in&amp;#xA0;millions&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 )&amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Weighted&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;average&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;exercise&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;price&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Weighted&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;average&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;remaining&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;contractual&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;life&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(in&amp;#xA0;years)&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Number&amp;#xA0;of&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;options&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(in&amp;#xA0;millions&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 )&amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Weighted&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;average&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;exercise&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;price&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Weighted&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;average&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;remaining&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;contractual&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;life&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(in&amp;#xA0;years)&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 $11.23&amp;#xA0;&amp;#x2013;&amp;#xA0;$20.99&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;17.08&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4.91&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;9&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;16.78&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3.05&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 $21.00&amp;#xA0;&amp;#x2013;&amp;#xA0;$29.99&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;22.77&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6.88&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;21.40&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3.77&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 $30.00&amp;#xA0;&amp;#x2013;&amp;#xA0;$37.71&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;37.71&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;0.14&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;37.71&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;0.14&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;25&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;20.45&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5.44&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;12&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;19.93&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2.87&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The weighted average fair value of
 each option granted in 2017 has been estimated at $5.18
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$3.78) using the Black-Scholes
 option-pricing model. The pricing model uses the following
 assumptions for these options: risk-free interest rate of 1.25%
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0; 1.50%), dividend yield of 3.00%
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;3.00%), expected volatility of 29.5%
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;29.5%) and expected life of 6.7
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;6.7) years. Expected volatility is
 estimated by evaluating a number of factors including historical
 volatility of the share price over multi-year periods.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Compensation expense related to
 stock options was $16 for the year ended December&amp;#xA0;31, 2017
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$19).&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(b)
 Deferred share units&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;In 2000, the Company granted
 deferred share units (&amp;#x201C;DSUs&amp;#x201D;) to certain employees
 under the ESOP. These DSUs vested over a three-year period and each
 DSU entitles the holder to receive one common share on retirement
 or termination of employment. When dividends are paid on common
 shares, holders of DSUs are deemed to receive dividends at the same
 rate, payable in the form of additional DSUs. In 2017, nil DSUs
 were granted to employees under the ESOP
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;nil). The number of DSUs outstanding was
 610,000 as at December&amp;#xA0;31, 2017
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;633,000).&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;In addition, for certain employees
 and pursuant to the Company&amp;#x2019;s deferred compensation program,
 the Company grants DSUs under the RSU Plan which entitle the holder
 to receive payment in cash equal to the value of the same number of
 common shares plus credited dividends on retirement or termination
 of employment. In 2017, the Company granted 23,000 DSUs to certain
 employees which vest after 34 months (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;14,000
 units which vest after four years). In 2017, nil DSUs
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;27,000) were granted to certain employees
 who elected to defer receipt of all or part of their annual bonus.
 These DSUs vested immediately. Also, in 2017, 43,000 DSUs
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;83,000) were granted to certain employees
 to defer payment of all or part of their Restricted Share Units
 (&amp;#x201C;RSUs&amp;#x201D;) and/or Performance Share Units
 (&amp;#x201C;PSUs&amp;#x201D;). These DSUs also vested
 immediately.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The fair value of 156,000 DSUs
 issued during the year was $26.22 per unit, as at December&amp;#xA0;31,
 2017 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;254,000 at $23.91 per
 unit).&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Under the Stock Plan for
 &lt;font style="WHITE-SPACE: nowrap"&gt;Non-Employee&lt;/font&gt; Directors,
 each eligible director may elect to receive his or her annual
 director&amp;#x2019;s retainer and fees in DSUs or common shares in lieu
 of cash. Upon termination of the Board service, an eligible
 director who has elected to receive DSUs will be entitled to
 receive cash equal to the value of the DSUs accumulated in his or
 her account, or at his or her direction, an equivalent number of
 common shares. A total of one million common shares have been
 reserved for issuance under this plan.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="78%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Number of DSUs (in thousands)&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Outstanding, January&amp;#xA0;1&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,682&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,542&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Issued&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;156&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;254&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Reinvested&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;88&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;97&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Redeemed&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(279&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(184&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Forfeitures and cancellations&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(27
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Outstanding, December&amp;#xA0;31&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,645&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;2,682
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Of the DSUs outstanding as at
 December&amp;#xA0;31, 2017, 610,000 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;633,000)
 entitle the holder to receive common shares, 1,103,000
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;1,235,000) entitle the holder to receive
 payment in cash and 932,000 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;814,000)
 entitle the holder to receive payment in cash or common shares, at
 the option of the holder.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Compensation expense related to
 DSUs was $13 for the year ended December&amp;#xA0;31, 2017
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$6).&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The carrying and fair value amount
 of the DSUs liability as at December&amp;#xA0;31, 2017 was $53
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$43) and was included in other
 liabilities.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(c)
 Restricted share units and performance share
 units&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;For the year ended
 December&amp;#xA0;31, 2017, 5.6&amp;#xA0;million RSUs
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;7.6 million) and 1.0&amp;#xA0;million PSUs
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;1.2 million) were granted to certain
 eligible employees under MFC&amp;#x2019;s Restricted Share Unit Plan.
 The fair value of the RSUs and PSUs granted during the year was
 $26.22 per unit as at December&amp;#xA0;31, 2017
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$23.91 per unit). Each RSU and PSU entitles
 the holder to receive payment equal to the market value of one
 common share, plus credited dividends, at the time of vesting,
 subject to any performance conditions.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;RSUs granted in February 2017 will
 vest after 34 months and PSUs granted in February 2017 will vest
 after 36 months from their grant date and the related compensation
 expense is recognized over these periods, except where the employee
 is eligible to retire prior to a vesting date, in which case the
 cost is recognized over the period between the grant date and the
 date on which the employee is eligible to retire. Compensation
 expense related to RSUs and PSUs was $125 and $21, respectively,
 for the year ended December&amp;#xA0;31,&amp;#xA0;2017
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$110 and $9, respectively).&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The carrying and fair value amount
 of the RSUs and PSUs liability as at December&amp;#xA0;31, 2017 was
 $228 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$196) and was included in other
 liabilities.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(d)
 Global share ownership plan&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company&amp;#x2019;s Global Share
 Ownership Plan (&amp;#x201C;GSOP&amp;#x201D;) allows qualifying employees to
 apply up to five per cent of their annual base earnings toward the
 purchase of common shares. The Company matches a percentage of the
 employee&amp;#x2019;s eligible contributions up to a maximum amount. The
 Company&amp;#x2019;s contributions vest immediately. All contributions
 are used to purchase common shares in the open market.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory>
  <ifrs-full:DividendsPaidOrdinarySharesPerShare contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="INF" id="id_12895287_77ACF7A3-1C1F-42E6-BD5E-D8866F052D11_1_38" unitRef="iso4217_CAD_per_shares">0.82</ifrs-full:DividendsPaidOrdinarySharesPerShare>
  <ifrs-full:EarningsPerShareExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_768D08D1-C38F-473E-A3C8-6492BB27A7F6_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following table presents basic
 and diluted earnings per common share of the Company.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="78%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Basic earnings per common share&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;0.98&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1.42&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Diluted earnings per common share&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;0.98&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;1.41&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:EarningsPerShareExplanatory>
  <ifrs-full:GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_53E0637F-D0C5-48EA-8CE4-859E302B7510_1_5" unitRef="iso4217_CAD">227000000</ifrs-full:GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax>
  <ifrs-full:DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_93312FCD-A161-41A0-9A88-38F795995711_1_1" unitRef="iso4217_CAD">694000000</ifrs-full:DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome>
  <ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_1CA9C55A-C93A-4E9D-A20C-4A42D52E6F31_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#2A517F"&gt;&lt;b&gt;Note
 2&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;Accounting and Reporting
 Changes&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(a)
 Changes in accounting policy&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(I)
 Annual improvements to IFRS Standards 2014 &amp;#x2013; 2016
 Cycle&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Effective January&amp;#xA0;1, 2017,
 the Company adopted certain amendments issued within the Annual
 Improvements to IFRS Standards 2014-2016 Cycle, as issued by the
 IASB in December 2016. There are various minor amendments which are
 effective in 2017, with other amendments being effective
 January&amp;#xA0;1, 2018. The currently effective amendments were
 applied retrospectively. Adoption of these amendments did not have
 a significant impact on the Company&amp;#x2019;s Consolidated Financial
 Statements.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(II)
 Amendments to IAS 12 &amp;#x201C;Income
 Taxes&amp;#x201D;&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Effective January&amp;#xA0;1, 2017,
 the Company adopted the amendments issued in January 2016 to IAS 12
 &amp;#x201C;Income Taxes&amp;#x201D;. These amendments were applied
 retrospectively. The amendments clarify recognition of deferred tax
 assets relating to unrealized losses on debt instruments measured
 at fair value. A deductible temporary difference arises when the
 carrying amount of the debt instrument measured at fair value is
 less than the cost for tax purposes, irrespective of whether the
 debt instrument is held for sale or held to maturity. The
 recognition of the deferred tax asset that arises from this
 deductible temporary difference is considered in combination with
 other deferred taxes applying local tax law restrictions where
 applicable. In addition, when estimating future taxable profits,
 consideration can be given to recovering more than the
 asset&amp;#x2019;s carrying amount where probable. Adoption of these
 amendments did not have a significant impact on the Company&amp;#x2019;s
 Consolidated Financial Statements.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(III)
 Amendments to IAS 7 &amp;#x201C;Statement of Cash
 Flows&amp;#x201D;&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Effective January&amp;#xA0;1, 2017,
 the Company adopted the amendments issued in January 2016 to IAS 7
 &amp;#x201C;Statement of Cash Flows&amp;#x201D;. These amendments were
 applied prospectively. These amendments require companies to
 provide information about changes in their financing liabilities.
 Adoption of these amendments did not have a significant impact on
 the Company&amp;#x2019;s Consolidated Financial Statements.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(b)
 Future accounting and reporting changes&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(I) IFRS
 15 &amp;#x201C;Revenue from Contracts with
 Customers&amp;#x201D;&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;IFRS 15 &amp;#x201C;Revenue from
 Contracts with Customers&amp;#x201D; was issued in May 2014, and
 replaces IAS 11 &amp;#x201C;Construction Contracts&amp;#x201D; IAS 18
 &amp;#x201C;Revenue&amp;#x201D; and several interpretations. Amendments to
 IFRS 15 were issued in April 2016. IFRS 15 as amended is effective
 for annual periods beginning on or after January&amp;#xA0;1, 2018. The
 Company will adopt IFRS 15 effective January&amp;#xA0;1, 2018, using
 the modified retrospective method with no restatement of
 comparative information.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;IFRS 15 clarifies revenue
 recognition principles, provides a robust framework for recognizing
 revenue and cash flows arising from contracts with customers and
 enhances qualitative and quantitative disclosure requirements. IFRS
 15 does not apply to insurance contracts, financial instruments and
 lease contracts.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company&amp;#x2019;s service
 arrangements are generally satisfied over time, with revenue
 measured and collected from customers within a short term, as
 services are rendered.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Adoption of IFRS 15 is not
 expected to have a significant impact on the Company&amp;#x2019;s
 Consolidated Financial Statements.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(II) IFRS
 Interpretation Committee (&amp;#x201C;IFRIC&amp;#x201D;) Interpretation 22
 &amp;#x201C;Foreign Currency Transactions and Advance
 Consideration&amp;#x201D;&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;IFRIC 22 &amp;#x201C;Foreign Currency
 Transactions and Advance Consideration&amp;#x201D; was issued in
 December 2016 and is effective for annual periods beginning on or
 after January&amp;#xA0;1, 2018 and may be applied retrospectively or
 prospectively. IFRIC 22 addresses which foreign exchange rate to
 use to measure a foreign currency transaction when advance payments
 are made or received and &lt;font style="WHITE-SPACE: nowrap"&gt;non-monetary&lt;/font&gt; assets or liabilities are
 recognized prior to recognition of the underlying transaction.
 IFRIC 22 does not relate to goods or services accounted for at fair
 value or at the fair value of consideration paid or received at a
 date other than the date of initial recognition of the &lt;font style="WHITE-SPACE: nowrap"&gt;non-monetary&lt;/font&gt; asset or liability, or to
 income taxes, insurance contracts or reinsurance contracts. The
 foreign exchange rate on the day of the advance payment is used to
 measure the foreign currency transaction. If multiple advance
 payments are made or received, each payment is measured separately.
 The Company is assessing the impact of this standard. Adoption of
 IFRIC 22 is not expected to have a significant impact on the
 Company&amp;#x2019;s Consolidated Financial Statements.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(III)
 Amendments to IFRS 2 &amp;#x201C;Share-Based
 Payment&amp;#x201D;&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Amendments to IFRS 2
 &amp;#x201C;Share-Based Payment&amp;#x201D; were issued in June 2016 and are
 effective for annual periods beginning on or after January&amp;#xA0;1,
 2018, to be applied prospectively. The amendments clarify the
 effects of vesting and &lt;font style="WHITE-SPACE: nowrap"&gt;non-vesting&lt;/font&gt; conditions on the
 measurement of cash-settled share-based payments; provide guidance
 on the classification of share-based payment transactions with net
 settlement features for withholding tax obligations; and clarify
 accounting for modification to the terms and conditions of a
 share-based payment that changes the classification of the
 transaction from cash-settled to equity-settled. Adoption of these
 amendments is not expected to have a significant impact on the
 Company&amp;#x2019;s Consolidated Financial Statements.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(IV) IFRS
 9 &amp;#x201C;Financial Instruments&amp;#x201D;&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;IFRS 9 &amp;#x201C;Financial
 Instruments&amp;#x201D; was issued in November 2009 and amended in
 October 2010, November 2013 and July 2014, and is effective for
 years beginning on or after January&amp;#xA0;1, 2018, to be applied
 retrospectively, or on a modified retrospective basis.
 Additionally, the IASB issued amendments in October 2017 that are
 effective for annual periods beginning on or after
 January&amp;#xA0;1,&amp;#xA0;2019. The standard is intended to replace IAS
 39 &amp;#x201C;Financial Instruments: Recognition and
 Measurement&amp;#x201D;.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The project has been divided into
 three phases: classification and measurement, impairment of
 financial assets, and hedge accounting. IFRS 9&amp;#x2019;s current
 classification and measurement methodology provides that financial
 assets are measured at either amortized cost or fair value on the
 basis of the entity&amp;#x2019;s business model for managing the
 financial assets and the contractual cash flow characteristics of
 the financial assets. The classification and measurement for
 financial liabilities remains generally unchanged; however, for a
 financial liability designated as at fair value through profit or
 loss, revisions have been made in the accounting for changes in
 fair value attributable to changes in the credit risk of that
 liability. Gains or losses caused by changes in an entity&amp;#x2019;s
 own credit risk on such liabilities are no longer recognized in
 profit or loss but instead are reflected in OCI.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Revisions to hedge accounting were
 issued in November 2013 as part of the overall IFRS 9 project. The
 amendment introduces a new hedge accounting model, together with
 corresponding disclosures about risk management activities for
 those applying hedge accounting. The new model represents a
 substantial overhaul of hedge accounting that will enable entities
 to better reflect their risk management activities in their
 financial statements.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Revisions issued in July 2014
 replace the existing incurred loss model used for measuring the
 allowance for credit losses with an expected credit loss model.
 Changes were also made to the existing classification and
 measurement model designed primarily to address specific
 application issues raised by early adopters of the standard. The
 revision also addresses the income statement accounting mismatches
 and short-term volatility issues which have been identified as a
 result of the insurance contracts project.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Revisions issued in October 2017
 allow financial assets to be measured at amortized cost or fair
 value through OCI even if the lender is required to pay a
 reasonable compensation in the event of an early termination of the
 contract by the borrower (also referred to as prepayment features
 with negative compensation).&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company expects to defer IFRS
 9 until January&amp;#xA0;1, 2021 as allowed under the amendments to
 IFRS 4 &amp;#x201C;Insurance Contracts&amp;#x201D; outlined below. The
 Company is assessing the impact of this standard.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(V)
 Amendments to IFRS 4 &amp;#x201C;Insurance
 Contracts&amp;#x201D;&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Amendments to IFRS 4
 &amp;#x201C;Insurance Contracts&amp;#x201D; were issued in September 2016,
 which are effective for annual periods beginning on or after
 January&amp;#xA0;1, 2018. The amendments introduce two approaches to
 address concerns about the differing effective dates of IFRS 9
 &amp;#x201C;Financial Instruments&amp;#x201D; and IFRS 17 &amp;#x201C;Insurance
 Contracts&amp;#x201D;: the overlay approach and the deferral approach.
 The overlay approach provides an option for all issuers of
 insurance contracts to adjust profit or loss for eligible financial
 assets by removing any additional accounting volatility that may
 arise from applying IFRS 9 before IFRS 17 is implemented. The
 deferral approach provides companies whose activities are
 predominantly related to insurance an optional temporary exemption
 from applying IFRS 9 until January&amp;#xA0;1, 2021. The Company
 qualifies for the exemption and intends to defer IFRS 9 until
 January&amp;#xA0;1, 2021.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(VI) IFRS
 17 &amp;#x201C;Insurance Contracts&amp;#x201D;&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;IFRS 17 was issued in May 2017 and
 is effective for years beginning on January&amp;#xA0;1, 2021, and to be
 applied retrospectively. If full retrospective application to a
 group of contracts is impractical, the modified retrospective or
 fair value methods may be used. The standard will replace IFRS 4
 &amp;#x201C;Insurance Contracts&amp;#x201D; and will materially change the
 recognition and measurement of insurance contracts and the
 corresponding presentation and disclosures in the Company&amp;#x2019;s
 Financial Statements and MD&amp;amp;A. The Company is assessing the
 implications of this standard and expects that it will have a
 significant impact on the Company&amp;#x2019;s Consolidated Financial
 Statements. In addition, in certain jurisdictions, including
 Canada, it could have a material effect on tax and regulatory
 capital positions that are dependent upon IFRS accounting
 values.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;For life insurance companies, such
 as Manulife, that have long-duration products and/or regulatory and
 tax regimes dependent upon IFRS accounting values, the Company
 believes that an effective date of January&amp;#xA0;1, 2021 is
 aggressive. Therefore, while the Company&amp;#x2019;s implementation
 project is well underway, the Company and others in the life
 insurance industry are encouraging the IASB to defer the effective
 date.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(VII)
 IFRS 16 &amp;#x201C;Leases&amp;#x201D;&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;IFRS 16 &amp;#x201C;Leases&amp;#x201D; was
 issued in January 2016 and is effective for years beginning on or
 after January&amp;#xA0;1, 2019, to be applied retrospectively or on a
 modified retrospective basis. It will replace IAS 17
 &amp;#x201C;Leases&amp;#x201D; and IFRIC 4 &amp;#x201C;Determining whether an
 arrangement contains a lease&amp;#x201D;. IFRS 16 sets out the
 principles for the recognition, measurement, presentation and
 disclosure of leases for both parties to a contract, the customer
 (&amp;#x201C;lessee&amp;#x201D;) and the supplier (&amp;#x201C;lessor&amp;#x201D;). The
 standard brings most leases &lt;font style="WHITE-SPACE: nowrap"&gt;on-balance&lt;/font&gt; sheet for lessees under a
 single model, eliminating the previous classifications of operating
 and finance leases. Exemptions to this treatment are for lease
 contracts with low value assets or leases with duration of less
 than one year. The &lt;font style="WHITE-SPACE: nowrap"&gt;on-balance&lt;/font&gt; sheet treatment will result
 in the grossing up of the balance sheet due to &lt;font style="WHITE-SPACE: nowrap"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;right-of-use&lt;/font&gt;&lt;/font&gt; assets being
 recognized with offsetting liabilities. Lessor accounting will
 remain largely unchanged with previous classifications of operating
 and finance leases being maintained. The Company is assessing the
 impact of this standard.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(VIII)
 IFRS Interpretation Committee (&amp;#x201C;IFRIC&amp;#x201D;) Interpretation
 23 &amp;#x201C;Uncertainty over Income Tax
 Treatments&amp;#x201D;&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;IFRIC 23 &amp;#x201C;Uncertainty over
 Income Tax Treatments&amp;#x201D; was issued in June 2017 and is
 effective for years beginning on or after
 January&amp;#xA0;1,&amp;#xA0;2019, to be applied retrospectively. IFRIC 23
 provides guidance on applying the recognition and measurement
 requirements in IAS 12 when there is uncertainty over income tax
 treatments including whether uncertain tax treatments should be
 considered together or separately based on which approach better
 predicts resolution of the uncertainty. Adoption of IFRIC 23 is not
 expected to have a significant impact on the Company&amp;#x2019;s
 Consolidated Financial Statements.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(IX)
 Amendments to IAS 28 &amp;#x201C;Investments in Associates and Joint
 Ventures&amp;#x201D;&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Amendments to IAS 28
 &amp;#x201C;Investments in Associates and Joint Ventures&amp;#x201D; were
 issued in October 2017 and are effective for annual periods
 beginning on or after January&amp;#xA0;1, 2019, to be applied
 retrospectively. The amendments clarify that an entity applies IFRS
 9 &amp;#x201C;Financial Instruments&amp;#x201D; to financial interests in an
 associate or joint venture to which the equity method is not
 applied. IAS 39 is being applied to these interests until IFRS 9 is
 adopted in 2021. Adoption of these amendments is not expected to
 have a significant impact on the Company&amp;#x2019;s Consolidated
 Financial Statements.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(X)
 Annual Improvements 2015 &amp;#x2013; 2017 Cycle&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Annual Improvements
 2015&amp;#xA0;&amp;#x2013;&amp;#xA0;2017 Cycle was issued in December 2017 and
 is effective for years beginning on or after
 January&amp;#xA0;1,&amp;#xA0;2019. The IASB issued three minor amendments
 to different standards as part of the Annual Improvements process,
 with the amendments to be applied prospectively. Adoption of these
 amendments is not expected to have significant impact on the
 Company&amp;#x2019;s Consolidated Financial Statements.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory>
  <ifrs-full:DisclosureOfFairValueMeasurementOfAssetsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_59F5A0B9-B63C-4FAE-9FF4-A54DBB93F721_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(a) Carrying values and fair values of
 invested assets&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="56%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 FVTPL&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;AFS&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Other&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Total&amp;#xA0;carrying&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Total
 fair&lt;br /&gt;
 value&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(9)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Cash and short-term securities&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;439&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;11,429&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,097&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;15,965&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;15,965&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Debt securities&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Canadian government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;17,886&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,892&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;22,778&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;22,778&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 U.S. government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,497&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;13,472&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;25,969&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;25,969&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16,838&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,988&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;19,826&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;19,826&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Corporate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;96,785&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,366&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;102,151&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;102,151&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,018&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;258&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,276&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,276&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Public equities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;18,473&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,072&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;21,545&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;21,545&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Mortgages&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;44,742&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;44,742&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;46,065&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;32,132&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;32,132&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;34,581&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Policy loans&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,808&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,808&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,808&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Loans to Bank clients&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,737&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,737&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,742&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Real estate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Own use property&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,281&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,281&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,448&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Investment property&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,529&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,529&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,529&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other invested assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Alternative long-duration assets&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(7)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,018&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;88&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;8,624&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;20,730&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;21,053&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Various other&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;&amp;#xA0;(8)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;142&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,611&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,753&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,752&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total invested assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;178,096&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;41,565&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;114,561&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;334,222&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;339,488&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;FVTPL&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;AFS&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;Other&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;br /&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;Total&amp;#xA0;carrying&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;br /&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;Total fair&lt;br /&gt;
 value&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(9)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Cash and short-term securities&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;269&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;11,705&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,177&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;15,151&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;15,151&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Debt securities&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Canadian government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18,030&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,715&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;24,745&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;24,745&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 U.S. government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,971&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,333&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;27,304&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;27,304&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18,629&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,312&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;20,941&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;20,941&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Corporate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;87,374&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,041&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;92,415&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;92,415&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,886&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;331&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,217&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,217&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Public equities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;16,531&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,965&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;19,496&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;19,496&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Mortgages&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;44,193&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;44,193&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;45,665&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;29,729&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;29,729&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;31,459&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Policy loans&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,041&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,041&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,041&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Loans to Bank clients&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,745&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,745&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,746&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Real estate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Own use property&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,376&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,376&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,524&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Investment property&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,756&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,756&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,756&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other invested assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Alternative long-duration assets&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(7)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,707&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;96&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8,048&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18,851&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;19,193&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Various other&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;&amp;#xA0;(8)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;164&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;3,745&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;3,909&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;3,910&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total invested assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;168,561&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;42,498&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;110,810&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;321,869&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;326,563&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The FVTPL classification was elected
 for securities backing insurance contract liabilities to
 substantially reduce any accounting mismatch arising from changes
 in the fair value of these assets and changes in the value of the
 related insurance contract liabilities. If this election had not
 been made and instead the&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;available-for-sale&lt;/font&gt;&lt;/font&gt;&amp;#xA0;(&amp;#x201C;AFS&amp;#x201D;)
 classification was selected, there would be an accounting mismatch
 because changes in insurance contract liabilities are recognized in
 net income rather than in OCI.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Securities that are designated as AFS
 are not actively traded by the Company but sales do occur as
 circumstances warrant. Such sales result in a reclassification of
 any accumulated unrealized gain (loss) in AOCI to net income as a
 realized gain (loss).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Primarily includes assets classified
 as loans and carried at amortized cost, own use properties,
 investment properties, equity method accounted investments, oil and
 gas investments, and leveraged leases. Refer to note 1(e) for
 further details regarding accounting policy.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Includes short-term securities with
 maturities of less than one year at acquisition amounting to $2,737
 (2016 &amp;#x2013; $3,111), cash equivalents with maturities of less
 than 90 days at acquisition amounting to $9,131 (2016 &amp;#x2013;
 $8,863) and cash of $4,097 (2016 &amp;#x2013; $3,177).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Debt securities include securities
 which were acquired with maturities of less than one year and less
 than 90 days of $1,768 and $161, respectively (2016 &amp;#x2013; $893
 and $192, respectively).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Includes accumulated depreciation of
 $389 (2016 &amp;#x2013; $404).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(7)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Alternative long-duration assets
 (&amp;#x201C;ALDA&amp;#x201D;) include investments in private equity of
 $4,959, power and infrastructure of $7,355, oil and gas of $2,813,
 timber and agriculture of $5,033 and various other invested assets
 of $570 (2016 &amp;#x2013; $4,619, $6,679, $2,093, $4,972 and $488,
 respectively).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(8)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Includes $3,273 (2016 &amp;#x2013; $3,369)
 of leveraged leases. Refer to note 1(e) regarding accounting
 policy.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(9)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The methodologies used in determining
 fair values of invested assets are described in note 1 and note
 4(g).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfFairValueMeasurementOfAssetsExplanatory>
  <ifrs-full:DisclosureOfInsuranceContractsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_62140EA1-0D09-484A-9ADB-42C43EAFD5E8_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#2A517F"&gt;&lt;b&gt;Note 8&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;Insurance
 Contract Liabilities and Reinsurance Assets&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(a) Insurance contract liabilities and
 reinsurance assets&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Insurance contract liabilities are reported gross of reinsurance
 ceded and the ceded liabilities are reported separately as a
 reinsurance asset. Insurance contract liabilities include actuarial
 liabilities, benefits payable, provision for unreported claims and
 policyholder amounts on deposit. The components of gross and net
 insurance contract liabilities are shown below.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="79%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Gross insurance contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;291,767&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;284,778&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Gross benefits payable and provision for unreported claims&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,376&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,309&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Gross policyholder amounts on deposit&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;9,462&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;9,418&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Gross insurance contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;304,605&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;297,505&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Reinsurance assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(30,359&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(34,952&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net insurance contract liabilities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;274,246&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;262,553&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Net insurance contract liabilities represent the amount which,
 together with estimated future premiums and net investment income,
 will be sufficient to pay estimated future benefits, policyholder
 dividends and refunds, taxes (other than income taxes) and expenses
 on policies&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;in-force&lt;/font&gt;&amp;#xA0;net of
 reinsurance premiums and recoveries.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Net insurance contract liabilities are determined using CALM, as
 required by the Canadian Institute of Actuaries.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The determination of net insurance contract liabilities is based on
 an explicit projection of cash flows using current assumptions for
 each material cash flow item. Investment returns are projected
 using the current asset portfolios and projected reinvestment
 strategies.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Each assumption is based on the best estimate adjusted by a margin
 for adverse deviation. For fixed income returns, this margin is
 established by scenario testing a range of prescribed and
 company-developed scenarios consistent with Canadian Actuarial
 Standards of Practice. For all other assumptions, this margin is
 established by directly adjusting the best estimate assumption.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Cash flows used in the net insurance contract liabilities valuation
 adjust the gross policy cash flows to reflect projected cash flows
 from ceded reinsurance. The cash flow impact of ceded reinsurance
 varies depending upon the amount of reinsurance, the structure of
 reinsurance treaties, the expected economic benefit from treaty
 cash flows and the impact of margins for adverse deviation. Gross
 insurance contract liabilities are determined by discounting gross
 policy cash flows using the same discount rate as the net CALM
 model discount rate.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The reinsurance asset is determined by taking the difference
 between the gross insurance contract liabilities and the net
 insurance contract liabilities. The reinsurance asset represents
 the benefit derived from reinsurance arrangements in force at the
 date of the Consolidated Statements of Financial Position.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The period used for the projection of cash flows is the policy
 lifetime for most individual insurance contracts. For other types
 of contracts, a shorter projection period may be used, with the
 contract generally ending at the earlier of the first renewal date
 on or after the Consolidated Statements of Financial Position date
 where the Company can exercise discretion in renewing its
 contractual obligations or terms of those obligations and the
 renewal or adjustment date that maximizes the insurance contract
 liabilities. For segregated fund products with guarantees, the
 projection period is generally set as the period that leads to the
 largest insurance contract liability. Where the projection period
 is less than the policy lifetime, insurance contract liabilities
 may be reduced by an allowance for acquisition expenses expected to
 be recovered from policy cash flows beyond the projection period
 used for the liabilities. Such allowances are tested for
 recoverability using assumptions that are consistent with other
 components of the actuarial valuation.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(b) Composition&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The composition of insurance contract liabilities and reinsurance
 assets by line of business and reporting segment is as follows.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Gross insurance contract
 liabilities&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="43%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;Individual
 insurance&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Participating&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;Non-&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;participating&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Annuities&lt;br /&gt;
 and&lt;br /&gt;
 pensions&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Other&lt;br /&gt;
 insurance&lt;br /&gt;
 contract&lt;br /&gt;
 liabilities&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Total, net of&lt;br /&gt;
 reinsurance&lt;br /&gt;
 ceded&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Total&lt;br /&gt;
 reinsurance&lt;br /&gt;
 ceded&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Total,&lt;br /&gt;
 gross&amp;#xA0;of&lt;br /&gt;
 reinsurance&lt;br /&gt;
 ceded&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Asia division&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;32,737&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;22,705&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,366&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,435&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;62,243&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;911&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;63,154&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Canadian division&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;11,132&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;34,091&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;19,141&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;11,834&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;76,198&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(676&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;75,522&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 U.S. division&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;8,569&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;57,599&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;26,161&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;43,522&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;135,851&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;29,952&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;165,803&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Corporate and Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(515&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;48&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;421&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(46&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;172&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;126&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total, net of reinsurance ceded&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;52,438&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;113,880&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;49,716&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;58,212&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;274,246&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;30,359&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;304,605&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total reinsurance ceded&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;11,492&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;11,238&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6,539&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,090&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;30,359&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total, gross of reinsurance ceded&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;63,930&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;125,118&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;56,255&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;59,302&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;304,605&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td bgcolor="#FFFFFF" height="16" colspan="8"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#FFFFFF" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#FFFFFF" valign="bottom" colspan="6" align="center"&gt;Individual
 insurance&lt;/td&gt;
 &lt;td bgcolor="#FFFFFF" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Participating&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;Non-&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;participating&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Annuities&lt;br /&gt;
 and&lt;br /&gt;
 pensions&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Other&lt;br /&gt;
 insurance&lt;br /&gt;
 contract&lt;br /&gt;
 liabilities&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Total, net of&lt;br /&gt;
 reinsurance&lt;br /&gt;
 ceded&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Total&lt;br /&gt;
 reinsurance&lt;br /&gt;
 ceded&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Total,&lt;br /&gt;
 gross&amp;#xA0;of&lt;br /&gt;
 reinsurance&lt;br /&gt;
 ceded&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Asia division&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;29,520&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18,799&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,599&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,649&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;54,567&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;880&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;55,447&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Canadian division&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,974&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;31,790&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;19,620&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;11,000&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;73,384&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;593&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;73,977&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 U.S. division&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9,419&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;56,484&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;28,529&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;40,760&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;135,192&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;33,220&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;168,412&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Corporate and Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(833&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;62&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;181&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(590&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;259&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(331&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total, net of reinsurance ceded&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;49,913&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;106,240&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;51,810&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;54,590&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;262,553&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;34,952&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;297,505&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total reinsurance ceded&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;13,558&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;12,122&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;8,159&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,113&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;34,952&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total, gross of reinsurance ceded&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;63,471&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;118,362&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;59,969&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;55,703&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;297,505&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Other insurance contract liabilities
 include group insurance and individual and group health including
 long-term care insurance.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Separate&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;sub-accounts&lt;/font&gt;&amp;#xA0;were
 established for participating
 policies&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;in-force&lt;/font&gt;&amp;#xA0;at the
 demutualization of MLI and John Hancock Mutual Life Insurance
 Company. These&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;sub-accounts&lt;/font&gt;&amp;#xA0;permit
 this participating business to be operated as separate
 &amp;#x201C;closed blocks&amp;#x201D; of participating policies. As at
 December&amp;#xA0;31, 2017, $28,135 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$29,108) of
 both assets and insurance contract liabilities were related to
 these closed blocks of participating policies.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(c) Assets backing insurance contract
 liabilities, other liabilities and capital&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Assets are segmented and matched to liabilities with similar
 underlying characteristics by product line and major currency. The
 Company has established target investment strategies and asset
 mixes for each asset segment supporting insurance contract
 liabilities which take into account the risk attributes of the
 liabilities supported by the assets and expectations of market
 performance. Liabilities with rate and term guarantees are
 predominantly backed by fixed-rate instruments on a cash flow
 matching basis for a targeted duration horizon. Longer duration
 cash flows on these liabilities as well as on adjustable products
 such as participating life insurance are backed by a broader range
 of asset classes, including equity and alternative long-duration
 investments. The Company&amp;#x2019;s capital is invested in a range of
 debt and equity investments, both public and private.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Changes in the fair value of assets backing net insurance contract
 liabilities, that the Company considers to be other than temporary,
 would have a limited impact on the Company&amp;#x2019;s net income
 wherever there is an effective matching of assets and liabilities,
 as these changes would be substantially offset by corresponding
 changes in the value of net insurance contract liabilities. The
 fair value of assets backing net insurance contract liabilities as
 at December&amp;#xA0;31, 2017, excluding reinsurance assets, was
 estimated at $278,521 (2016&amp;#xA0;&amp;#x2013; $266,119).&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The fair value of assets backing capital and other liabilities as
 at December&amp;#xA0;31, 2017 was estimated at $456,278
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$459,256).&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The carrying value of total assets backing net insurance contract
 liabilities, other liabilities and capital was as follows.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="45%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;Individual
 insurance&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Participating&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;Non-&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;participating&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Annuities&lt;br /&gt;
 and pensions&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Other insurance&lt;br /&gt;
 contract&lt;br /&gt;
 liabilities&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Other&lt;br /&gt;
 liabilities&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Capital&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Debt securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;27,946&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;63,128&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;26,621&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;25,211&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,635&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;24,459&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;174,000&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Public equities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;9,264&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,855&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;171&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;332&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,029&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,894&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;21,545&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Mortgages&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,017&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;10,286&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,009&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,891&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;18,476&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;63&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;44,742&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,645&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,128&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;8,059&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,739&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;367&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;194&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;32,132&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Real estate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,963&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,198&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,136&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,516&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;769&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;228&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;13,810&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6,603&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;16,285&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6,720&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;15,523&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;377,352&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;20,821&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;443,304&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;52,438&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;113,880&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;49,716&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;58,212&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;404,628&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;50,659&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;729,533&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td bgcolor="#FFFFFF" height="16" colspan="8"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#FFFFFF" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#FFFFFF" valign="bottom" colspan="6" align="center"&gt;Individual
 insurance&lt;/td&gt;
 &lt;td bgcolor="#FFFFFF" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Participating&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;Non-&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;participating&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Annuities&lt;br /&gt;
 and pensions&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Other insurance&lt;br /&gt;
 contract&lt;br /&gt;
 liabilities&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Other&lt;br /&gt;
 liabilities&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Capital&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Debt securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;27,473&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;56,765&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;26,331&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;23,012&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9,965&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;25,076&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;168,622&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Public equities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8,055&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,401&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;213&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;351&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;732&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,744&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;19,496&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Mortgages&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,110&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,008&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8,135&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,554&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18,311&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;75&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;44,193&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,277&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,823&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7,096&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7,070&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,272&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;191&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;29,729&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Real estate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,811&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,397&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,480&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,561&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;613&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;270&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;14,132&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;6,187&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;16,846&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;8,555&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;16,042&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;377,000&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;19,879&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;444,509&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;49,913&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;106,240&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;51,810&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;54,590&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;407,893&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;50,235&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;720,681&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Other insurance contract liabilities
 include group insurance and individual and group health including
 long-term care insurance.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Other liabilities
 are&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;non-insurance&lt;/font&gt;&amp;#xA0;contract
 liabilities which include segregated funds, bank deposits,
 long-term debt, deferred tax liabilities, derivatives, investment
 contracts, embedded derivatives and other miscellaneous
 liabilities.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Capital is defined in note 14.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(d) Significant insurance contract
 liability valuation assumptions&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The determination of insurance contract liabilities involves the
 use of estimates and assumptions. Insurance contract liabilities
 have two major components: a best estimate amount and a provision
 for adverse deviation.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Best estimate assumptions&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Best estimate assumptions are made with respect to mortality and
 morbidity, investment returns, rates of policy termination,
 operating expenses and certain taxes. Actual experience is
 monitored to ensure that assumptions remain appropriate and
 assumptions are changed as warranted. Assumptions are discussed in
 more detail in the following table.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="9%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td width="42%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td width="42%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td style="BORDER-TOP: rgb(0,0,0) 1px solid; PADDING-LEFT: 8pt; BORDER-LEFT: rgb(0,0,0) 1px solid" bgcolor="#E8EAE6" height="5" colspan="3"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-TOP: rgb(0,0,0) 1px solid; BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-LEFT: rgb(0,0,0) 1px solid" bgcolor="#E8EAE6" height="5" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-LEFT: 8pt; BORDER-LEFT: rgb(0,0,0) 1px solid" bgcolor="#E8EAE6" valign="bottom" colspan="3"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Nature of factor and assumption
 methodology&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid; BORDER-LEFT: rgb(0,0,0) 1px solid" bgcolor="#E8EAE6" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-RIGHT: 2pt" bgcolor="#E8EAE6" valign="bottom"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Risk
 management&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-LEFT: 8pt; BORDER-LEFT: rgb(0,0,0) 1px solid" bgcolor="#E8EAE6" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Mortality&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;and&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;morbidity&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Mortality relates to the occurrence of death. Mortality is a key
 assumption for life insurance and certain forms of annuities.
 Mortality assumptions are based on the Company&amp;#x2019;s internal
 experience as well as past and emerging industry experience.
 Assumptions are differentiated by sex, underwriting class, policy
 type and geographic market. Assumptions are made for future
 mortality improvements.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Morbidity relates to the occurrence of accidents and sickness for
 insured risks. Morbidity is a key assumption for long-term care
 insurance, disability insurance, critical illness and other forms
 of individual and group health benefits. Morbidity assumptions are
 based on the Company&amp;#x2019;s internal experience as well as past
 and emerging industry experience and are established for each type
 of morbidity risk and geographic market. Assumptions are made for
 future morbidity improvements.&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid; BORDER-LEFT: rgb(0,0,0) 1px solid" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-RIGHT: 2pt" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 The Company maintains underwriting standards to determine the
 insurability of applicants. Claim trends are monitored on an
 ongoing basis. Exposure to large claims is managed by establishing
 policy retention limits, which vary by market and geographic
 location. Policies in excess of the limits are reinsured with other
 companies.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Mortality is monitored monthly and the overall 2017 experience was
 unfavourable (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;unfavourable) when compared to
 the Company&amp;#x2019;s assumptions. Morbidity is also monitored
 monthly and the overall 2017 experience was unfavourable
 (2016&amp;#xA0;&amp;#x2013; unfavourable) when compared to the
 Company&amp;#x2019;s assumptions.&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-LEFT: 8pt; BORDER-LEFT: rgb(0,0,0) 1px solid" bgcolor="#E8EAE6" valign="top"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Investment
 returns&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 The Company segments assets to support liabilities by business
 segment and geographic market and establishes investment strategies
 for each liability segment. Projected cash flows from these assets
 are combined with projected cash flows from future asset
 purchases/sales to determine expected rates of return on these
 assets for future years. Investment strategies are based on the
 target investment policies for each segment and the reinvestment
 returns are derived from current and projected market rates for
 fixed income investments and a projected outlook for other
 alternative long-duration assets.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Investment return assumptions include expected future asset credit
 losses on fixed income investments. Credit losses are projected
 based on past experience of the Company and industry as well as
 specific reviews of the current investment portfolio.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Investment return assumptions for each asset class and geographic
 market also incorporate expected investment management expenses
 that are derived from internal cost studies. The costs are
 attributed to each asset class to develop unitized assumptions per
 dollar of asset for each asset class and geographic market.&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid; BORDER-LEFT: rgb(0,0,0) 1px solid" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-RIGHT: 2pt" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 The Company&amp;#x2019;s policy of closely matching asset cash flows
 with those of the corresponding liabilities is designed to mitigate
 the Company&amp;#x2019;s exposure to future changes in interest rates.
 The interest rate risk positions in business segments are monitored
 on an ongoing basis. Under CALM, the reinvestment rate is developed
 using interest rate scenario testing and reflects the interest rate
 risk positions.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 In 2017, the movement in interest rates negatively
 (2016&amp;#xA0;&amp;#x2013;negatively) impacted the Company&amp;#x2019;s net
 income. This negative impact was driven by reductions in corporate
 spreads and increase in swap spreads, partially offset by the
 impact of risk free interest rate movements on policy
 liabilities.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 The exposure to credit losses is managed against policies that
 limit concentrations by issuer, corporate connections, ratings,
 sectors and geographic regions. On participating policies and
 some&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;non-participating&lt;/font&gt;&amp;#xA0;policies,
 credit loss experience is passed back to policyholders through the
 investment return crediting formula. For other policies, premiums
 and benefits reflect the Company&amp;#x2019;s assumed level of future
 credit losses at contract inception or most recent contract
 adjustment date. The Company holds explicit provisions in actuarial
 liabilities for credit risk including provisions for adverse
 deviation.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 In 2017, credit loss experience on debt securities and mortgages
 was favourable (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;favourable) when compared to
 the Company&amp;#x2019;s assumptions.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Equities, real estate and other alternative long-duration assets
 are used to support liabilities where investment return experience
 is passed back to policyholders through dividends or credited
 investment return adjustments. Equities, real estate, oil and gas
 and other alternative long-duration assets are also used to support
 long-dated obligations in the Company&amp;#x2019;s annuity and pension
 businesses and for long-dated insurance obligations on contracts
 where the investment return risk is borne by the Company.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 In 2017, investment experience on alternative long-duration assets
 backing policyholder liabilities was unfavourable
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;unfavourable) primarily due to losses on
 real estate, oil and gas properties and timber and agriculture
 properties, partially offset by gains on private equities. In 2017,
 alternative long-duration asset origination exceeded
 (2016&amp;#xA0;&amp;#x2013;exceeded) valuation requirements.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 In 2017, for the business that is dynamically hedged, segregated
 fund guarantee experience on
 residual,&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;non-dynamically&lt;/font&gt;&amp;#xA0;hedged
 market risks was favourable (2016&amp;#xA0;&amp;#x2013;unfavourable). For
 the business that is not dynamically hedged, experience on
 segregated fund guarantees due to changes in the market value of
 assets under management was also favourable
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;unfavourable). This excludes the experience
 on the macro equity hedges.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 In 2017, investment expense experience was unfavourable
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;favourable) when compared to the
 Company&amp;#x2019;s assumptions.&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-LEFT: 8pt; BORDER-LEFT: rgb(0,0,0) 1px solid" bgcolor="#E8EAE6" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Policyholder&amp;#xA0;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;behaviour&amp;#xA0;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="top"&gt;
 Policies are terminated through lapses and surrenders, where lapses
 represent the termination of policies due
 to&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;non-payment&lt;/font&gt;&amp;#xA0;of
 premiums and surrenders represent the voluntary termination of
 policies by policyholders. Premium persistency represents the level
 of ongoing deposits on contracts where there is policyholder
 discretion as to the amount and timing of deposits. Policy
 termination and premium persistency assumptions are primarily based
 on the Company&amp;#x2019;s recent experience adjusted for expected
 future conditions. Assumptions reflect differences by type of
 contract within each geographic market.&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid; BORDER-LEFT: rgb(0,0,0) 1px solid" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-RIGHT: 2pt" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 The Company seeks to design products that minimize financial
 exposure to lapse, surrender and other policyholder behaviour risk.
 The Company monitors lapse, surrender and other policyholder
 behaviour experience.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 In aggregate, 2017 policyholder behaviour experience was
 unfavourable (2016&amp;#xA0;&amp;#x2013; unfavourable) when compared to the
 Company&amp;#x2019;s assumptions used in the computation of actuarial
 liabilities.&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-LEFT: 8pt; BORDER-LEFT: rgb(0,0,0) 1px solid" bgcolor="#E8EAE6" valign="top"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Expenses
 and taxes&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Operating expense assumptions reflect the projected costs of
 maintaining and servicing&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;in-force&lt;/font&gt;&amp;#xA0;policies,
 including associated overhead expenses. The expenses are derived
 from internal cost studies projected into the future with an
 allowance for inflation. For some developing businesses, there is
 an expectation that unit costs will decline as these businesses
 grow.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Taxes reflect assumptions for future premium taxes and
 other&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;non-income&lt;/font&gt;&amp;#xA0;related
 taxes. For income taxes, policy liabilities are adjusted only for
 temporary tax timing and permanent tax rate differences on the cash
 flows available to satisfy policy obligations.&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid; BORDER-LEFT: rgb(0,0,0) 1px solid" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-RIGHT: 2pt" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 The Company prices its products to cover the expected costs of
 servicing and maintaining them. In addition, the Company monitors
 expenses monthly, including comparisons of actual expenses to
 expense levels allowed for in pricing and valuation.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Maintenance expenses for 2017 were unfavourable
 (2016&amp;#xA0;&amp;#x2013;unfavourable) when compared to the
 Company&amp;#x2019;s assumptions used in the computation of actuarial
 liabilities.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 The Company prices its products to cover the expected cost of
 taxes.&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-LEFT: 8pt; BORDER-LEFT: rgb(0,0,0) 1px solid" bgcolor="#E8EAE6" valign="top"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Policyholder&amp;#xA0; dividends, experience rating
 refunds, and&amp;#xA0; other adjustable policy elements&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="top"&gt;The
 best estimate projections for policyholder dividends and experience
 rating refunds, and other adjustable elements of policy benefits
 are determined to be consistent with management&amp;#x2019;s expectation
 of how these elements will be managed should experience emerge
 consistently with the best estimate assumptions used for mortality
 and morbidity, investment returns, rates of policy termination,
 operating expenses and taxes.&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid; BORDER-LEFT: rgb(0,0,0) 1px solid" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-RIGHT: 2pt" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 The Company monitors policy experience and adjusts policy benefits
 and other adjustable elements to reflect this experience.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Policyholder dividends are reviewed annually for all businesses
 under a framework of Board-approved policyholder dividend
 policies.&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-LEFT: 8pt; BORDER-LEFT: rgb(0,0,0) 1px solid" bgcolor="#E8EAE6" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Foreign&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;currency&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="top"&gt;
 Foreign currency risk results from a mismatch of the currency of
 liabilities and the currency of the assets designated to support
 these obligations. Where a currency mismatch exists, the assumed
 rate of return on the assets supporting the liabilities is reduced
 to reflect the potential for adverse movements in foreign exchange
 rates.&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid; BORDER-LEFT: rgb(0,0,0) 1px solid" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-RIGHT: 2pt" valign="top"&gt;The Company generally matches the currency of its
 assets with the currency of the liabilities they support, with the
 objective of mitigating the risk of loss arising from movements in
 currency exchange rates.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company&amp;#x2019;s practice is to review actuarial assumptions on
 an annual basis as part of its review of methods and assumptions.
 Where changes are made to assumptions (refer to note 8(h)), the
 full impact is recognized in income immediately.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(e) Sensitivity of insurance contract
 liabilities to changes in&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;non-economic&lt;/font&gt;&amp;#xA0;assumptions&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The sensitivity of net income attributed to shareholders to changes
 in&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;non-economic&lt;/font&gt;&amp;#xA0;assumptions
 underlying insurance contract liabilities is shown below, assuming
 that there is a simultaneous change in the assumption across all
 business units.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 In practice, experience for each assumption will frequently vary by
 geographic market and business and assumption updates are made on a
 business/geographic specific basis. Actual results can differ
 materially from these estimates for a variety of reasons including
 the interaction among these factors when more than one changes;
 changes in actuarial and investment return and future investment
 activity assumptions; changes in business mix, effective tax rates
 and other market factors; and the general limitations of internal
 models.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Potential impact on net income attributed
 to shareholders arising from changes
 to&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;non-economic&lt;/font&gt;&amp;#xA0;assumptions&lt;sup style="FONT-SIZE: 10px; VERTICAL-ALIGN: top"&gt;(1),(2)&lt;/sup&gt;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="79%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" rowspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;Decrease in net income&lt;br /&gt;
 attributable to shareholders&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Policy related assumptions&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 2% adverse change in future mortality rates&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(3),(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Products where an increase in rates increases insurance contract
 liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(400&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(400&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Products where a decrease in rates increases insurance contract
 liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(400&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(500&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 5% adverse change in future morbidity rates&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(4),(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(3,900&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(3,700&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 10% adverse change in future termination rates&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(2,000&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,900&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 5% increase in future expense levels&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(500&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(500&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 2px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The sensitivities as at
 December&amp;#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&amp;#xA0;1, 2018.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The participating policy funds are
 largely self-supporting and generate no material impact on net
 income attributed to shareholders as a result of changes
 in&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;non-economic&lt;/font&gt;&amp;#xA0;assumptions.
 Experience gains or losses would generally result in changes to
 future dividends, with no direct impact to shareholders.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;An increase in mortality rates will
 generally increase policy liabilities for life insurance contracts
 whereas a decrease in mortality rates will generally increase
 policy liabilities for policies with longevity risk such as payout
 annuities.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;No amounts related to morbidity risk
 are included for policies where the policy liability provides only
 for claims costs expected over a short period, generally less than
 one year, such as Group Life and Health.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The impacts of the sensitivities on
 long-term care for morbidity, mortality and lapse are assumed to be
 moderated by partial offsets from the Company&amp;#x2019;s ability to
 contractually raise premium rates in such events, subject to state
 regulatory approval.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(f) Provision for adverse deviation
 assumptions&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The assumptions made in establishing insurance contract liabilities
 reflect expected best estimates of future experience. To recognize
 the uncertainty in these best estimate assumptions, to allow for
 possible misestimation of and deterioration in experience and to
 provide a greater degree of assurance that the insurance contract
 liabilities are adequate to pay future benefits, the Appointed
 Actuary is required to include a margin in each assumption.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Margins are released into future earnings as the policy is released
 from risk. Margins for interest rate risk are included by testing a
 number of scenarios of future interest rates. The margin can be
 established by testing a limited number of scenarios, some of which
 are prescribed by the Canadian Actuarial Standards of Practice, and
 determining the liability based on the worst outcome.
 Alternatively, the margin can be set by testing many scenarios,
 which are developed according to actuarial guidance. Under this
 approach the liability would be the average of the outcomes above a
 percentile in the range prescribed by the Canadian Actuarial
 Standards of Practice.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Specific guidance is also provided for other risks such as market,
 credit, mortality and morbidity risks. For other risks which are
 not specifically addressed by the Canadian Institute of Actuaries,
 a range is provided of five per cent to 20&amp;#xA0;per cent of the
 expected experience assumption. The Company uses assumptions within
 the permissible ranges, with the determination of the level set
 considering the risk profile of the business. On occasion, in
 specific circumstances for additional prudence, a margin may exceed
 the high end of the range, which is permissible under the Canadian
 Actuarial Standards of Practice. This additional margin would be
 released if the specific circumstances which led to it being
 established were to change.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Each margin is reviewed annually for continued appropriateness.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(g) Change in insurance contract
 liabilities&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The change in insurance contract liabilities was a result of the
 following business activities and changes in actuarial
 estimates.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="60%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Net&amp;#xA0;actuarial&lt;br /&gt;
 liabilities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Other&lt;br /&gt;
 insurance&lt;br /&gt;
 contract&lt;br /&gt;
 liabilities&amp;#xA0;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Net&lt;br /&gt;
 insurance&lt;br /&gt;
 contract&lt;br /&gt;
 liabilities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Reinsurance&lt;br /&gt;
 assets&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Gross&lt;br /&gt;
 insurance&lt;br /&gt;
 contract&lt;br /&gt;
 liabilities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Balance, January&amp;#xA0;1&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;251,738&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;10,815&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;262,553&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;34,952&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;297,505&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em"&gt;
 New policies&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,545&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,545&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;441&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,986&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em"&gt;
 Normal&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;in-force&lt;/font&gt;&amp;#xA0;movement&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;15,192&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;930&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16,122&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(3,097&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;13,025&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em"&gt;
 Changes in methods and assumptions&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;305&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(28&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;277&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;47&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;324&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Impact of U.S. Tax Reform&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(2),(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,246&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,246&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,246&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Increase due to decision to change the portfolio asset mix
 supporting legacy businesses&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(2),(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,340&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,340&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;43&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,383&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Impact of changes in foreign exchange rates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(11,275&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(562&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(11,837&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2,027&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(13,864&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Balance, December&amp;#xA0;31&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;263,091&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;11,155&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;274,246&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;30,359&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;304,605&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Net actuarial&lt;br /&gt;
 liabilities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Other&lt;br /&gt;
 insurance&lt;br /&gt;
 contract&lt;br /&gt;
 liabilities&amp;#xA0;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Net&lt;br /&gt;
 insurance&lt;br /&gt;
 contract&lt;br /&gt;
 liabilities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Reinsurance&lt;br /&gt;
 assets&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Gross&lt;br /&gt;
 insurance&lt;br /&gt;
 contract&lt;br /&gt;
 liabilities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Balance, January&amp;#xA0;1&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;239,812&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,050&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;249,862&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;35,426&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;285,288&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em"&gt;
 New policies&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,617&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,617&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;294&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,911&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em"&gt;
 Normal&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;in-force&lt;/font&gt;&amp;#xA0;movement&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,579&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,094&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,673&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(405&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,268&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em"&gt;
 Changes in methods and assumptions&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;709&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(54&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;655&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;699&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,354&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Impact of changes in foreign exchange rates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(4,979&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(275&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(5,254&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(1,062&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(6,316&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Balance, December&amp;#xA0;31&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;251,738&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;10,815&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;262,553&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;34,952&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;297,505&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Other insurance contract liabilities
 are comprised of benefits payable and provision for unreported
 claims and policyholder amounts on deposit.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;In 2017, the $20,023 increase
 reported as the change in insurance contract liabilities on the
 Consolidated Statements of Income primarily consists of changes due
 to normal&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;in-force&lt;/font&gt;&amp;#xA0;movement,
 new policies, changes in methods and assumptions, the impact of
 U.S. Tax Reform and the increase due to the decision to change the
 portfolio asset mix supporting legacy businesses. These five items
 in the gross insurance contract liabilities column of this table
 net to an increase of $20,964, of which $20,212 is included in the
 Consolidated Statements of Income increase in insurance contract
 liabilities and $752 is included in gross claims and benefits. The
 Consolidated Statements of Income change in insurance contract
 liabilities also includes the change in embedded derivatives
 associated with insurance contracts.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The impact of U.S. Tax Reform, which
 includes the lowering of the U.S. corporate tax rate from 35% to
 21% and limits on the tax deductibility of reserves, resulted in a
 $2,246 pre-tax ($1,774 post-tax) increase in policy liabilities due
 to the impact of temporary tax timing and permanent tax rate
 differences on the cash flows available to satisfy policyholder
 obligations. The $472 deferred tax impact on this increase in
 policy liabilities, together with the impact of U.S. Tax Reform on
 the Company&amp;#x2019;s deferred tax assets and liabilities is included
 in note 6.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The decision to reduce the allocation
 to ALDA in the portfolio asset mix supporting the Company&amp;#x2019;s
 North American legacy businesses resulted in an increase in policy
 liabilities due to the impact on future expected investment income
 on assets supporting the policies.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;In 2016, the $18,014 increase
 reported as the change in insurance contract liabilities on the
 Consolidated Statements of Income primarily consists of changes due
 to normal&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;in-force&lt;/font&gt;&amp;#xA0;movement,
 new policies and changes in methods and assumptions. These three
 items in the gross insurance contract liabilities column of this
 table net to an increase of $18,533, of which $17,529 is included
 in the Consolidated Statements of Income increase in insurance
 contract liabilities and $1,004 is included in gross claims and
 benefits. The Consolidated Statements of Income change in insurance
 contract liabilities also includes the change in embedded
 derivatives associated with insurance contracts.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(h) Actuarial methods and
 assumptions&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 A comprehensive review of valuation assumptions and methods is
 performed annually. The review is designed to reduce the
 Company&amp;#x2019;s exposure to uncertainty by ensuring assumptions for
 both asset related and liability related risks remain appropriate.
 This is accomplished by monitoring experience and updating
 assumptions which represent a best estimate view of future
 experience, and margins that are appropriate for the risks assumed.
 While the assumptions selected represent the Company&amp;#x2019;s
 current best estimates and assessment of risk, the ongoing
 monitoring of experience and the economic environment is likely to
 result in future changes to the valuation assumptions, which could
 be material.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Annual Review 2017&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The quantification of the impact of the 2017 comprehensive review
 of valuation methods and assumptions is as of July&amp;#xA0;1, 2017 for
 all lines of business.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The 2017 full year review of actuarial methods and assumptions
 resulted in an increase in insurance and investment contract
 liabilities of $277, net of reinsurance, and a decrease in net
 income attributed to shareholders of
 $35&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;post-tax.&lt;/font&gt;&amp;#xA0;These
 charges exclude the impacts of the U.S. Tax Reform and reducing the
 allocation to ALDA in the Company&amp;#x2019;s portfolio asset mix. The
 charge to net income in the fourth quarter of 2017 for these two
 items was $2.8&amp;#xA0;billion, which primarily related to
 the&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;post-tax&lt;/font&gt;&amp;#xA0;change in
 policy liabilities. Refer to notes 6 and 8(g) for further
 details.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="62%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="7%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Change&amp;#xA0;in&amp;#xA0;gross&lt;br /&gt;
 insurance and&lt;br /&gt;
 investment&lt;br /&gt;
 contract&amp;#xA0;liabilities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Change&amp;#xA0;in&amp;#xA0;insurance&lt;br /&gt;
 and investment&lt;br /&gt;
 contract liabilities&lt;br /&gt;
 net of reinsurance&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Change&amp;#xA0;in&amp;#xA0;net&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;income&amp;#xA0;attributed&lt;br /&gt;
 to shareholders&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;(post-tax)&lt;/font&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Mortality and morbidity updates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;(219&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;(254&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;299&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Lapses and policyholder behaviour&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;1,057&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;1,019&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;(783&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other updates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 ALDA and public equity investment return assumptions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;1,403&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;1,296&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;(892&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Corporate spread assumptions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;(554&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;(515&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;344&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Refinements to liability and tax cash flows&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;(1,273&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;(1,049&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;696&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;&lt;b&gt;(90&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;&lt;b&gt;(220&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;&lt;b&gt;301&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net impact&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;324&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;277&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;(35)&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The $277 increase in insurance and
 investment contract liabilities net of reinsurance, included an
 increase in net liabilities associated with participating insurance
 business resulting in a charge to net income attributed to
 participating policyholders of $88.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Mortality and morbidity
 updates&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Mortality and morbidity updates resulted in a $299 benefit to net
 income attributed to shareholders.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company completed a detailed review of the mortality
 assumptions for its U.S. life insurance business which resulted in
 a $384 charge to net income attributed to shareholders. Assumptions
 were increased, particularly at older ages, reflecting both
 industry and the Company&amp;#x2019;s own experience.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Updates to actuarial standards related to future mortality
 improvement, and the review of mortality improvement assumptions
 globally, resulted in a $264 benefit to net income attributed to
 shareholders primarily in Canada and Asia. The updated actuarial
 standards include a diversification benefit for the determination
 of margins for adverse deviation which recognizes the offsetting
 impact of longevity and mortality risk.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company completed a detailed review of mortality assumptions
 for its Canadian retail insurance business which resulted in a $222
 benefit to net income attributed to shareholders.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Other updates to mortality and morbidity assumptions led to a $197
 benefit to net income attributed to shareholders. These updates
 included a reduction in the margins for adverse deviation applied
 to morbidity assumptions for certain medical insurance products in
 Japan.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Updates to lapses and policyholder
 behaviour&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Updates to lapses and policyholder behaviour assumptions resulted
 in a $783 charge to net income attributed to shareholders.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 In Canadian retail insurance, lapse assumptions were reduced for
 certain universal life products to reflect recent experience,
 leading to a $315 charge to net income attributed to
 shareholders.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 For Canadian segregated fund guaranteed minimum withdrawal benefit
 lapses, incidence and utilization assumptions were updated to
 reflect recent experience which led to a $242 charge to net income
 attributed to shareholders.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Other updates to lapse and policyholder behaviour assumptions were
 made across several product lines including a reduction in lapse
 assumptions for the Company&amp;#x2019;s whole life insurance products
 in Japan, leading to a $226 charge to net income attributed to
 shareholders.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Other updates&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Other updates resulted in a $449 benefit to net income attributed
 to shareholders.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company reviewed its investment return assumptions for ALDA and
 public equities, which in aggregate led to a reduction in return
 assumptions and a $892 charge to net income attributed to
 shareholders. The Company also reviewed future corporate spread
 assumptions, which led to a $344 benefit to net income attributed
 to shareholders.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Refinements to the projection of the Company&amp;#x2019;s liability and
 tax cash flows in the U.S. resulted in a $696 benefit to net income
 attributed to shareholders. These changes included refinements to
 the projection of policyholder crediting rates for certain
 universal life insurance products.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Other refinements resulted in a $301 benefit to net income
 attributed to shareholders. These changes included a review of
 provisions for reinsurance counterparty credit risk and several
 other refinements to the projection of both the Company&amp;#x2019;s
 asset and liability cash flows.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Annual Review 2016&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The 2016 full year review of actuarial methods and assumptions
 resulted in an increase in insurance and investment contract
 liabilities of $655, net of reinsurance, and a decrease in net
 income attributed to shareholders of
 $453&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;post-tax.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="64%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Change&amp;#xA0;in&amp;#xA0;gross&lt;br /&gt;
 insurance and&lt;br /&gt;
 investment&lt;br /&gt;
 contract&amp;#xA0;liabilities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Change&amp;#xA0;in&amp;#xA0;insurance&lt;br /&gt;
 and investment&lt;br /&gt;
 contract liabilities&lt;br /&gt;
 net of reinsurance&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Change&amp;#xA0;in&amp;#xA0;net&lt;br /&gt;
 income&amp;#xA0;attributed&lt;br /&gt;
 to shareholders&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;(post-tax)&lt;/font&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 JH Long-Term Care triennial review&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;696&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;696&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(452&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Mortality and morbidity updates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(12&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(53&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;76&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Lapses and policyholder behaviour&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 U.S. Variable Annuities guaranteed minimum withdrawal benefit
 incidence and utilization&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,024&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,024&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;665&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other lapses and policyholder behaviour&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;516&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;431&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(356&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Economic reinvestment assumptions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;459&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;443&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(313&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other updates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;719&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;162&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(73&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net impact&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;1,354&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;655&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;(453&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Long-Term Care triennial
 review&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 U.S. Insurance completed a comprehensive Long-Term Care experience
 study. This included a review of mortality, morbidity and lapse
 experience, as well as the reserve
 for&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;in-force&lt;/font&gt;&amp;#xA0;rate
 increases filed as a result of the 2013 review. In addition, the
 Company implemented refinements to the modelling of future tax cash
 flows for long-term care. The net impact of the review was a $452
 charge to net income attributed to shareholders.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Expected future claims costs increased primarily due to claims
 periods being longer than expected in policy liabilities, and a
 reduction in lapse and mortality rates. This increase in expected
 future claims costs was partially offset by a number of items,
 including expected future premium increases resulting from this
 year&amp;#x2019;s review and a decrease in the margin for adverse
 deviations related to the rate of inflation embedded in the
 Company&amp;#x2019;s benefit utilization assumptions.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The review of premium increases assumed in policy liabilities
 resulted in a benefit to earnings of $1.0&amp;#xA0;billion; this
 includes future premium increases that are due to the 2016 review
 of morbidity, mortality and lapse assumptions, and outstanding
 amounts from the Company&amp;#x2019;s 2013 state filings. Premium
 increases averaging approximately 20&amp;#xA0;per cent will be sought
 on the vast majority of the&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;in-force&lt;/font&gt;&amp;#xA0;business,
 excluding the carryover of 2013 amounts requested. The
 Company&amp;#x2019;s assumptions reflect the estimated timing and amount
 of state approved premium increases. The actual experience
 obtaining price increases could be materially different than the
 Company has assumed, resulting in further increases or decreases in
 policy liabilities which could be material.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Mortality and morbidity
 updates&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Mortality and morbidity assumptions were updated across several
 business units to reflect recent experience, including updates to
 morbidity assumptions for certain medical insurance products in
 Japan, leading to a $76 benefit to net income attributed to
 shareholders.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Updates to lapses and policyholder
 behaviour&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 U.S. Variable Annuities guaranteed minimum withdrawal benefit
 incidence and utilization assumptions were updated to reflect
 recent experience which led to a $665 benefit to net income
 attributed to shareholders. The Company updated its incidence
 assumptions to reflect the favourable impact of policyholders
 taking withdrawals later than expected. This was partially offset
 by an increase in the Company&amp;#x2019;s utilization assumptions.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 In Japan, lapse rates for term life insurance products were
 increased at certain durations which led to a $228 charge to net
 income attributed to shareholders. Other updates to lapse and
 policyholder behavior assumptions were made across several product
 lines, including term products in Canada, which led to a $128
 charge to net income attributed to shareholders.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Updates to economic reinvestment
 assumptions&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company updated economic reinvestment assumptions for risk free
 rates used in the valuation of policy liabilities which resulted in
 a $313 charge to net income attributed to shareholders. These
 updates included a proactive ten basis point reduction in the
 Company&amp;#x2019;s ultimate reinvestment rate (&amp;#x201C;URR&amp;#x201D;)
 assumptions and a commensurate change in the calibration criteria
 for stochastic risk-free rates. These updates reflect the fact that
 interest rates are lower than they were when the current prescribed
 URR and calibration criteria for stochastic risk-free rates were
 promulgated by the Actuarial Standards Board (&amp;#x201C;ASB&amp;#x201D;) in
 2014. The ASB has indicated that it will update the promulgation
 periodically, when necessary. The Company expects the promulgation
 to be updated in 2017 and, if required, it will make further
 updates to its economic reinvestment assumptions at that time.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Other updates&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Other model refinements related to the projection of both asset and
 liability cash flows across several business units led to a $73
 charge to net income attributed to shareholders. This included a
 charge due to refinements to the Company&amp;#x2019;s CALM models and
 assumptions offset by a benefit due to refinements to the modelling
 of future tax cash flows for certain assets in the U.S.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(i) Insurance contracts contractual
 obligations&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Insurance contracts give rise to obligations fixed by agreement. As
 at December&amp;#xA0;31, 2017, the Company&amp;#x2019;s contractual
 obligations and commitments relating to insurance contracts are as
 follows.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="59%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Payments due by period&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Less than&lt;br /&gt;
 1 year&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;1 to 3&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;3 to 5&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Over 5&lt;br /&gt;
 years&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Insurance contract liabilities&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;9,788&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;11,236&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;17,153&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;703,877&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;742,054&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Insurance contract liability 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&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;in-force&lt;/font&gt;&amp;#xA0;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. Cash flows include
 embedded derivatives measured separately at fair value.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(j) Gross claims and
 benefits&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents a breakdown of gross claims and
 benefits.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="79%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Death, disability and other claims&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;14,871&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,819&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Maturity and surrender benefits&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,302&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,697&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Annuity payments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,470&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,310&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Policyholder dividends and experience rating refunds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,085&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,111&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net transfers from segregated funds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,734&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(878&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;24,994&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;25,059&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;br class="Apple-interchange-newline" /&gt;

 &lt;/div&gt;</ifrs-full:DisclosureOfInsuranceContractsExplanatory>
  <ifrs-full:DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_66DAC932-05AF-4B1A-94C0-097F40E89AAF_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(d)
 Amounts recognized in the Consolidated Statements of Financial
 Position&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="77%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6" align="center"&gt;Pension plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6" align="center"&gt;Retiree welfare plans&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Development of net defined benefit liability&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Defined benefit obligation&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;4,706&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;4,767&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;665&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;682&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Fair value of plan assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,328&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;4,277&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;587&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;603&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Deficit&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;378&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;490&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;78&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;79&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Effect of asset limit&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Deficit and net defined benefit liability&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;378&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;490&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;78&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;79&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Deficit is comprised of:&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Funded or partially funded plans&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(383&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(292&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(72&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(63&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Unfunded plans&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;761&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;782&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;150&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;142&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Deficit and net defined benefit liability&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;378&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;490&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;78&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;79&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;No reconciliation has been provided
 for the effect of the asset limit since there was no effect in
 either year. For the funded pension plans, the present value of the
 economic benefits available in the form of reductions in future
 contributions to the plans is significantly greater than the
 surplus that would be expected to develop.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory>
  <ifrs-full:DisclosureOfNetGrossAndReinsurersShareForAmountsArisingFromInsuranceContractsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_492BB8E1-7627-43EE-AB42-E5D78377345D_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The geographic concentration of
 the Company&amp;#x2019;s insurance and investment contract liabilities,
 including embedded derivatives, is shown below. The disclosure is
 based on the countries in which the business is written.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="69%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Gross liabilities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Reinsurance&lt;br /&gt;
 assets&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Net liabilities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 U.S. and Canada&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;237,434&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(30,225&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;207,209&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Asia and Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;70,521&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(134&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;70,387&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;307,955&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;(30,359&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;277,596&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Gross liabilities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Reinsurance&lt;br /&gt;
 assets&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Net liabilities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 U.S. and Canada&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;238,796&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(34,987&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;203,809&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Asia and Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;62,322&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;35&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;62,357&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;301,118&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;(34,952&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;266,166&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfNetGrossAndReinsurersShareForAmountsArisingFromInsuranceContractsExplanatory>
  <ifrs-full:DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_9E7623D1-7175-4E8A-B507-F9D476B25D68_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Options
 outstanding&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="58%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;2016&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Number&amp;#xA0;of&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;options&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(in&amp;#xA0;millions&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 )&amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Weighted&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;average&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;exercise&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;price&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;Number&amp;#xA0;of&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;options&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(in&amp;#xA0;millions&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 )&amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;Weighted&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;average&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;exercise&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;price&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Outstanding, January&amp;#xA0;1&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;30&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;19.80&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;30&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;20.72&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Granted&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;24.56&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;17.65&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Exercised&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(7&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16.03&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(3&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;15.49&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Expired&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;39.47&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;32.92&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Forfeited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;20.86&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(1
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;21.04
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Outstanding, December&amp;#xA0;31&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;25&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;20.45&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;30
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;19.80
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Exercisable, December&amp;#xA0;31&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;12&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;19.93&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;18
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;20.15
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory>
  <ifrs-full:DisclosureOfOffsettingOfFinancialAssetsAndFinancialLiabilitiesExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_238066D6-B178-4C0E-B67C-1872B31E57C0_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following table presents the
 effect of conditional master netting and similar arrangements.
 Similar arrangements may include global master repurchase
 agreements, global master securities lending agreements, and any
 related rights to financial collateral.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="46%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="7%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;
 Related&amp;#xA0;amounts&amp;#xA0;not&amp;#xA0;set&amp;#xA0;off&amp;#xA0;in&amp;#xA0;the&lt;br /&gt;

 Consolidated Statements of&lt;br /&gt;
 Financial Position&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Gross amounts of&lt;br /&gt;
 financial&amp;#xA0;instruments&lt;br /&gt;
 presented in the&lt;br /&gt;
 Consolidated&lt;br /&gt;
 Statements of&lt;br /&gt;
 Financial Position&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Amounts&amp;#xA0;subject&amp;#xA0;to&lt;br /&gt;
 an enforceable&lt;br /&gt;
 master netting&lt;br /&gt;
 arrangement or&lt;br /&gt;
 similar agreements&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Financial and&lt;br /&gt;
 cash&amp;#xA0;collateral&lt;br /&gt;
 pledged&lt;br /&gt;
 (received)&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Net
 amount&lt;br /&gt;
 including&lt;br /&gt;
 financing&amp;#xA0;trusts&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Net&amp;#xA0;amounts&lt;br /&gt;
 excluding&lt;br /&gt;
 financing&lt;br /&gt;
 trusts&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Financial assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Derivative assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16,204&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(6,714&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(9,395&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;95&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;95&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Securities lending&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,563&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,563&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Reverse repurchase agreements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;230&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(46&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(184&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total financial assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;17,997&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(6,760&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;(11,142&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;95&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;95&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Financial liabilities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Derivative liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(8,649&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,714&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,718&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(217&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(30&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Repurchase agreements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(228&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;46&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;182&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total financial liabilities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(8,877&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6,760&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,900&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;(217&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;(30&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6" align="center"&gt;Related amounts not set off in the&lt;br /&gt;
 Consolidated Statements of&lt;br /&gt;
 Financial Position&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Gross amounts of&lt;br /&gt;
 financial instruments&lt;br /&gt;
 presented in the&lt;br /&gt;
 Consolidated&lt;br /&gt;
 Statements of&lt;br /&gt;
 Financial Position&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Amounts subject to&lt;br /&gt;
 an enforceable&lt;br /&gt;
 master netting&lt;br /&gt;
 arrangement or&lt;br /&gt;
 similar agreements&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Financial and&lt;br /&gt;
 cash collateral&lt;br /&gt;
 pledged&lt;br /&gt;
 (received)&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Net amount&lt;br /&gt;
 including&lt;br /&gt;
 financing&lt;br /&gt;
 trusts&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Net amounts&lt;br /&gt;
 excluding&lt;br /&gt;
 financing&lt;br /&gt;
 trusts&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Financial assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Derivative assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;24,603&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(12,031&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(12,382&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;190&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;189&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Securities lending&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,956&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,956&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Reverse repurchase agreements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;250&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(250&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total financial assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;26,809&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(12,031&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(14,588&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;190&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;189&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Financial liabilities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Derivative liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(15,095&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,031&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,800&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(264&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(42&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Repurchase agreements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(255&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;255&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total financial liabilities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(15,350)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;12,031&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;3,055&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;(264&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;(42&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Financial assets and liabilities
 include accrued interest of $638 and $827, respectively (2016
 &amp;#x2013; $935 and $944, respectively).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Financial and cash collateral exclude
 over-collateralization. As at December&amp;#xA0;31, 2017, the Company
 was over-collateralized on OTC derivative assets, OTC derivative
 liabilities, securities lending and reverse purchase agreements and
 repurchase agreements in the amounts of $743, $382, $79 and $nil,
 respectively (2016 &amp;#x2013; $398, $494, $107 and $1, respectively).
 As at December&amp;#xA0;31, 2017, collateral pledged (received) does
 not include &lt;font style="WHITE-SPACE: nowrap"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;collateral-in-transit&lt;/font&gt;&lt;/font&gt; on OTC
 instruments or initial margin on exchange traded contracts or
 cleared contracts.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Includes derivative contracts entered
 between the Company and its financing trusts which it does not
 consolidate. The Company does not exchange collateral on derivative
 contracts entered with these trusts. Refer to note&amp;#xA0;17.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfOffsettingOfFinancialAssetsAndFinancialLiabilitiesExplanatory>
  <ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_B3534D1C-43E0-431F-A350-A0545FC7C1A6_1_35" unitRef="iso4217_CAD">-658000000</ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents>
  <ifrs-full:DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_1B9919E2-51EF-46C1-874F-AECD15A516FC_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents the carrying value of past due but not
 impaired and impaired financial assets.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="73%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10" align="center"&gt;Past due but not
 impaired&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Less&amp;#xA0;than&lt;br /&gt;
 90 days&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 90&amp;#xA0;days&lt;br /&gt;
 and&amp;#xA0;greater&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Total&lt;br /&gt;
 impaired&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Debt securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 FVTPL&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;45&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 AFS&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;104&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;106&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;363&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;363&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;40&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em"&gt;
 Mortgages and loans to Bank clients&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;76&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;16&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;92&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;86&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other financial assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;46&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;26&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;72&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;589&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;44&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;633&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;173&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="12"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="bottom" colspan="10" align="center"&gt;Past due but not impaired&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Less than&lt;br /&gt;
 90 days&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;90 days&lt;br /&gt;
 and greater&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Total&lt;br /&gt;
 impaired&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Debt securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 FVTPL&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;90&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;90&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;38&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 AFS&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;16&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;25&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;215&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;64&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;279&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;152&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Mortgages and loans to Bank clients&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;50&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;20&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;70&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;33&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other financial assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;57&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;54&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;111&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;8&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;428&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;147&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;575&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;231&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;br class="Apple-interchange-newline" /&gt;

 &lt;/div&gt;</ifrs-full:DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedExplanatory>
  <ifrs-full:DisclosureOfFinancialInstrumentsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_FB52C6F1-00BE-4CF1-B36C-5D15DBE73AFE_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#2A517F"&gt;&lt;b&gt;Note
 12&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0; Capital
 Instruments&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(a)
 Carrying value of capital instruments&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="35%"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="2"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="2"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="2"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 Issuance date&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 Earliest par redemption&lt;br /&gt;
 date&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 Maturity date&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Par value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 4.165% MLI Subordinated debentures&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;February&amp;#xA0;17, 2012&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;June&amp;#xA0;1, 2017&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;June&amp;#xA0;1, 2022&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;500&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;499&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 3.938% MLI Subordinated debentures&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;September&amp;#xA0;21,&amp;#xA0;2012&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;September&amp;#xA0;21,&amp;#xA0;2017&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;September&amp;#xA0;21,&amp;#xA0;2022&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;400&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;407&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 2.819% MLI Subordinated debentures&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;February&amp;#xA0;25, 2013&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;February&amp;#xA0;26, 2018&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;February&amp;#xA0;26, 2023&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;200&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;200&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;200&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 2.926% MLI Subordinated debentures&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;November&amp;#xA0;29, 2013&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;November&amp;#xA0;29, 2018&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;November&amp;#xA0;29, 2023&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;250&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;250&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;249&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 2.811% MLI Subordinated debentures&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;February&amp;#xA0;21, 2014&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;February&amp;#xA0;21, 2019&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;February&amp;#xA0;21, 2024&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;500&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;499&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;499&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 7.535% MFCT II Senior debenture notes&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;July&amp;#xA0;10, 2009&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;December&amp;#xA0;31, 2019&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;December&amp;#xA0;31, 2108&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;$&amp;#xA0;1,000&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,000&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,000&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 2.64% MLI Subordinated debentures&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;December&amp;#xA0;1, 2014&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;January&amp;#xA0;15, 2020&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;January&amp;#xA0;15, 2025&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;500&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;499&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;499&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 2.10% MLI Subordinated debentures&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;March&amp;#xA0;10, 2015&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;June&amp;#xA0;1, 2020&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;June&amp;#xA0;1, 2025&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;750&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;748&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;747&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 2.389% MLI Subordinated debentures&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;June&amp;#xA0;1, 2015&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;January&amp;#xA0;5, 2021&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;January&amp;#xA0;5, 2026&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;350&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;349&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;349&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 3.85% MFC Subordinated notes&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;May&amp;#xA0;25, 2016&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;May&amp;#xA0;25, 2021&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;May&amp;#xA0;25, 2026&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 S$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;500&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;467&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;461&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 3.181% MLI Subordinated debentures&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;November&amp;#xA0;20, 2015&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;November&amp;#xA0;22, 2022&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;November&amp;#xA0;22, 2027&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;$&amp;#xA0;1,000&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;996&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;996&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 3.049% MFC Subordinated debentures&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;August&amp;#xA0;18, 2017&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;August&amp;#xA0;20, 2024&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;August&amp;#xA0;20, 2029&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;750&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;746&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 3.00% MFC Subordinated notes&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;November&amp;#xA0;21, 2017&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;November&amp;#xA0;21, 2024&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;November&amp;#xA0;21, 2024&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 S$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;500&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;467&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 4.061% MFC Subordinated notes&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(7)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;February&amp;#xA0;24, 2017&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;February&amp;#xA0;24, 2027&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;February&amp;#xA0;24, 2032&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 US$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;750&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;935&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 7.375% JHUSA Surplus notes&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(8)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;February&amp;#xA0;25, 1994&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;n/a&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;February&amp;#xA0;15, 2024&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 US$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;450&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;584&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;627&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 JHFC Subordinated notes&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(9)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 December&amp;#xA0;14, 2006&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 n/a&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 December&amp;#xA0;15, 2036&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;650&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;647&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;647&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;8,387&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;7,180&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="2%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;MLI redeemed in full the 4.165%
 subordinated debentures at par, on June&amp;#xA0;1, 2017, the earliest
 par redemption date.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="2%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;MLI redeemed in full the 3.938%
 subordinated debentures, originally issued by Standard Life
 Assurance Company of Canada at par, on September&amp;#xA0;21, 2017, the
 earliest par redemption date.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="2%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Interest is fixed for the period up
 to the earliest par redemption date, thereafter the interest rate
 will reset to a floating rate equal to the &lt;font style="WHITE-SPACE: nowrap"&gt;90-day&lt;/font&gt; Bankers&amp;#x2019; Acceptance rate
 plus a specified number of basis points and is payable quarterly.
 The specified number of basis points is as follows: 2.819% &amp;#x2013;
 95 bps, 2.926% &amp;#x2013; 85 bps, 2.811% &amp;#x2013; 80 bps, 2.64% &amp;#x2013;
 73 bps, 2.10% &amp;#x2013; 72 bps, 2.389% &amp;#x2013; 83 bps, 3.181% &amp;#x2013;
 157 bps. With regulatory approval, MLI may redeem the debentures,
 in whole or in part, on or after the earliest par redemption date,
 at a redemption price equal to par, together with accrued and
 unpaid interest.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="2%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Issued by MLI to Manulife Financial
 Capital Trust II (MFCT II), a wholly owned unconsolidated related
 party to the Company. On the earliest par redemption date and on
 every fifth anniversary thereafter (each, a &amp;#x201C;Interest Reset
 Date&amp;#x201D;), the rate of interest will reset to equal the yield on
 &lt;font style="WHITE-SPACE: nowrap"&gt;5-year&lt;/font&gt; Government of
 Canada bonds plus 5.2%. With regulatory approval, MLI may redeem
 the debentures, in whole or in part, on the earliest par redemption
 date and on any Interest Reset Date, at a redemption price equal to
 par, together with accrued and unpaid interest. The redemption
 price for the debentures redeemed on any day that is not an
 Interest Reset Date will be equal to the greater of par or the fair
 value of the debt based on the yield on uncallable Government of
 Canada bonds to the next Interest Reset Date plus (a) 1.0325% if
 the redemption date is on or after December&amp;#xA0;31, 2014, but
 prior to December&amp;#xA0;31, 2019, or (b) 2.065% if the redemption
 date is after December&amp;#xA0;31, 2019, together with accrued and
 unpaid interest. Refer to note&amp;#xA0;17.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="2%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;On the earliest par redemption date,
 the interest rate will reset to equal the &lt;font style="WHITE-SPACE: nowrap"&gt;5-year&lt;/font&gt; Singapore Dollar Swap Rate plus
 a specified number of basis points. The specified number of basis
 points is as follows: 3.85% &amp;#x2013; 197 bps, 3.00% &amp;#x2013; 83.2
 bps. With regulatory approval, MFC may redeem the debentures, in
 whole, but not in part, on the earliest par redemption date and
 thereafter on each interest payment date, at a redemption price
 equal to par, together with accrued and unpaid interest.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="2%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Interest is fixed for the period up
 to the earliest par redemption date, thereafter, the interest rate
 will reset to a floating rate equal to the &lt;font style="WHITE-SPACE: nowrap"&gt;90-day&lt;/font&gt; Bankers&amp;#x2019; Acceptance rate
 plus 105 basis points. With regulatory approval, MFC may redeem the
 debentures, in whole or in part, on or after the earliest par
 redemption date, at a redemption price equal to par, together with
 accrued and unpaid interest.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="2%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(7)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;On the earliest par redemption date,
 the interest rate will reset to equal the &lt;font style="WHITE-SPACE: nowrap"&gt;5-Year&lt;/font&gt; US&amp;#xA0;Dollar &lt;font style="WHITE-SPACE: nowrap"&gt;Mid-Swap&lt;/font&gt; Rate plus 1.647%. With
 regulatory approval, MFC may redeem the debentures, in whole, but
 not in part, on the earliest par redemption date, at a redemption
 price equal to par, together with accrued and unpaid interest.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="2%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(8)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Issued by John Hancock Mutual Life
 Insurance Company, now John Hancock Life Insurance Company
 (U.S.A.). Any payment of interest or principal on the surplus notes
 requires prior approval from the Department of Insurance and
 Financial Services of the State of Michigan. The carrying value of
 the surplus notes reflects an unamortized fair value increment of
 US$23 (2016 &amp;#x2013; US$26), which arose as a result of the
 acquisition of John Hancock Financial Services, Inc. The
 amortization of the fair value adjustment is recorded in interest
 expense.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="2%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(9)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Issued by Manulife Holdings
 (Delaware) LLC (&amp;#x201C;MHDLL&amp;#x201D;), now John Hancock Financial
 Corporation (&amp;#x201C;JHFC&amp;#x201D;), a wholly owned subsidiary of MFC,
 to Manulife Finance (Delaware) LLC (&amp;#x201C;MFLLC&amp;#x201D;), a
 subsidiary of Manulife Finance (Delaware) L.P.
 (&amp;#x201C;MFLP&amp;#x201D;). MFLP and its subsidiaries are wholly owned
 unconsolidated related parties to the Company. The note bears
 interest at a floating rate equal to the &lt;font style="WHITE-SPACE: nowrap"&gt;90-day&lt;/font&gt; Bankers&amp;#x2019; Acceptance rate
 plus 0.72%. With regulatory approval, JHFC may redeem the note, in
 whole or in part, at any time, at par, together with accrued and
 unpaid interest. Refer to note&amp;#xA0;17.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(b) Fair
 value measurement&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Fair value of capital instruments
 is determined using quoted market prices where available (Level 1).
 When quoted market prices are not available fair value is
 determined with reference to quoted prices of a debt instrument
 with similar characteristics or estimated using discounted cash
 flows using observable market rates (Level 2).&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Capital instruments are measured
 at amortized cost in the Consolidated Statements of Financial
 Position. As at December&amp;#xA0;31, 2017, fair value of capital
 instruments was $8,636 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$7,417). Capital
 instruments were categorized in Level&amp;#xA0;2 of the fair value
 hierarchy (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;Level 2).&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfFinancialInstrumentsExplanatory>
  <ifrs-full:DisclosureOfInterestsInSubsidiariesExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_CAD508AA-6E79-4F19-9B6D-FCB6B874C773_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#2A517F"&gt;&lt;b&gt;Note
 21&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;Subsidiaries&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following is a list of
 Manulife&amp;#x2019;s directly and indirectly held major operating
 subsidiaries.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="50%"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td width="14%"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td width="34%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(100% owned unless otherwise noted in
 brackets beside company name)&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;&lt;b&gt;Address&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;b&gt;Description&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;The Manufacturers Life Insurance Company&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center"&gt;Toronto, Canada&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Leading Canadian-based financial services company that offers a
 diverse range of financial protection products and wealth
 management services&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Holdings (Alberta) Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Calgary, Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Holding company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Financial Corporation&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Wilmington, Delaware, U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Holding
 company&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 The Manufacturers Investment Corporation&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Michigan, U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Holding company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 7em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Reassurance Company Ltd. U.S.A.&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center"&gt;Michigan, U.S.A.&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Captive insurance subsidiary that provides life, annuity and
 long-term care reinsurance to affiliates&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 7em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Life Insurance Company (U.S.A.)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center"&gt;Michigan, U.S.A.&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 U.S. life insurance company licensed in all states, except New
 York&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 8em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Subsidiaries LLC&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Wilmington, Delaware, U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Holding
 company&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 9em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Financial Network, Inc.&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Boston, Massachusetts,&amp;#xA0;U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Financial
 services distribution organization&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 9em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Advisers, LLC&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Boston, Massachusetts,&amp;#xA0;U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 Investment advisor&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 11em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Funds, LLC&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Boston, Massachusetts,&amp;#xA0;U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 Broker-dealer&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 9em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management (US) LLC&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Wilmington, Delaware, U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Asset
 management company&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 9em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Hancock Natural Resource Group, Inc.&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Boston, Massachusetts,&amp;#xA0;U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Manager of globally diversified timberland and agricultural
 portfolios&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 8em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Life Insurance Company of New York&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;New York, U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 U.S. life insurance company licensed in New York&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 8em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Investment Management Services, LLC&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Boston, Massachusetts,&amp;#xA0;U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 Investment advisor&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 8em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Life&amp;#xA0;&amp;amp; Health Insurance Company&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Boston, Massachusetts,&amp;#xA0;U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;U.S. life
 insurance company licensed in all states&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 8em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Distributors LLC&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Wilmington, Delaware, U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 Broker-dealer&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 7em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Insurance Agency, Inc.&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Wilmington, Delaware, U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Insurance
 agency&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 7em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Reinsurance Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Hamilton,&amp;#xA0;Bermuda&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Provides life and financial reinsurance to affiliates&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 8em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Reinsurance (Bermuda) Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Hamilton,&amp;#xA0;Bermuda&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Provides life and annuity reinsurance to affiliates&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Bank of Canada&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center"&gt;Waterloo,&amp;#xA0;Canada&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Provides integrated banking products and service options not
 available from an insurance company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management Holdings (Canada) Inc.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Toronto, Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Holding company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management Limited&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center"&gt;Toronto, Canada&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Provides investment counseling, portfolio and mutual fund
 management in Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 First North American Insurance Company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Toronto, Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Property and casualty insurance company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 NAL Resources Management Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Calgary, Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Management company for oil and gas properties&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Resources Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Calgary, Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Holds oil and gas properties&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Property Limited Partnership&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Toronto, Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Holds oil and gas royalties&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Property Limited Partnership II&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center"&gt;Toronto, Canada&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Holds oil and gas royalties and foreign bonds and equities&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Western Holdings Limited Partnership&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Calgary, Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Holds oil and gas properties&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Securities Investment Services Inc.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Oakville, Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Mutual fund dealer for Canadian operations&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Holdings (Bermuda) Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Hamilton,&amp;#xA0;Bermuda&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Holding company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manufacturers P&amp;#xA0;&amp;amp; C Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;St.&amp;#xA0;Michael,&amp;#xA0;Barbados&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Provides property and casualty reinsurance&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Financial Asia Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Hong&amp;#xA0;Kong,&amp;#xA0;China&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Holding company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife (Cambodia) PLC&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Phnom Penh, Cambodia&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Life
 insurance company&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manufacturers Life Reinsurance Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;St.&amp;#xA0;Michael,&amp;#xA0;Barbados&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Provides life and annuity reinsurance to affiliates&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife (Vietnam) Limited&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Ho Chi Minh City, Vietnam&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Life
 insurance company&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management (Vietnam) Company Limited&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Ho Chi Minh City, Vietnam&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Fund
 management company&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife International Holdings Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Hong&amp;#xA0;Kong,&amp;#xA0;China&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Holding company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife (International) Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Hong&amp;#xA0;Kong,&amp;#xA0;China&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Life insurance company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 7em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife-Sinochem Life Insurance Co. Ltd. (51%)&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Shanghai, China&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Life insurance company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management International Holdings Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Hong&amp;#xA0;Kong,&amp;#xA0;China&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Holding company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 7em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management (Hong Kong) Limited&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center"&gt;Hong&amp;#xA0;Kong,&amp;#xA0;China&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Investment management and advisory company marketing mutual
 funds&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 9em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management (Taiwan) Co., Ltd.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Taipei, Taiwan&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Asset management company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Life Insurance Company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Tokyo, Japan&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Life insurance company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management (Japan) Limited&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center"&gt;Tokyo, Japan&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Investment management and advisory company and mutual fund
 business&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Insurance (Thailand) Public Company Limited
 (92.1%)&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Bangkok,&amp;#xA0;Thailand&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Life insurance company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management (Thailand) Company Limited
 (95.3%)&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Bangkok,&amp;#xA0;Thailand&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Investment management company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Holdings Berhad (59.5%)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Kuala Lumpur, Malaysia&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Holding
 company&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Insurance Berhad (59.5%)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Kuala Lumpur, Malaysia&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Life
 insurance company&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management Services Berhad (59.5%)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Kuala Lumpur, Malaysia&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Asset
 management company&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife (Singapore) Pte. Ltd.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Singapore&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Life insurance company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management (Singapore) Pte. Ltd.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Singapore&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Asset management company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 The Manufacturers Life Insurance Co. (Phils.), Inc.&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Makati City, Philippines&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Life
 insurance company&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Chinabank Life Assurance Corporation (60%)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Makati City, Philippines&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Life
 insurance company&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 PT Asuransi Jiwa Manulife Indonesia&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Jakarta,&amp;#xA0;Indonesia&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Life
 insurance company&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 PT Manulife Aset Manajemen Indonesia&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center"&gt;Jakarta,&amp;#xA0;Indonesia&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Investment management company marketing mutual funds and
 discretionary funds&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management (Europe) Limited&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center"&gt;London, England&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Investment management company for Manulife Financial&amp;#x2019;s
 international funds&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Assurance Company of Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Toronto, Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Life insurance company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 EIS Services (Bermuda) Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Hamilton, Bermuda&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Investment holding company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Berkshire Insurance Services Inc.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Toronto, Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Investment holding company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 JH Investments (Delaware) LLC&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Boston, Massachusetts,&amp;#xA0;U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 Investment holding company&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Securities Incorporated&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Oakville, Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Investment dealer&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management (North America) Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Toronto, Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Investment advisor&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Regional Power Inc.&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center"&gt;Mississauga,&amp;#xA0;Canada&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Developer and operator of hydro-electric power projects&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;MFC voting rights percentages are the
 same as the ownership percentages except for Manulife Insurance
 (Thailand) Public Company Limited and Manulife Asset Management
 (Thailand) Company Limited where MFC&amp;#x2019;s voting rights are
 98.1% and 98.9%, respectively.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfInterestsInSubsidiariesExplanatory>
  <ifrs-full:DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_D2DB85B5-454B-4F60-BCFA-34827DC0DA8B_1_0">&lt;div&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="43%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Options outstanding&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Options exercisable&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Number&amp;#xA0;of&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;options&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(in&amp;#xA0;millions&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 )&amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Weighted&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;average&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;exercise&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;price&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Weighted&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;average&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;remaining&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;contractual&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;life&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(in&amp;#xA0;years)&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Number&amp;#xA0;of&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;options&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(in&amp;#xA0;millions&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 )&amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Weighted&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;average&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;exercise&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;price&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Weighted&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;average&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;remaining&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;contractual&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;life&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(in&amp;#xA0;years)&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 $11.23&amp;#xA0;&amp;#x2013;&amp;#xA0;$20.99&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;17.08&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4.91&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;9&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;16.78&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3.05&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 $21.00&amp;#xA0;&amp;#x2013;&amp;#xA0;$29.99&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;22.77&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6.88&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;21.40&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3.77&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 $30.00&amp;#xA0;&amp;#x2013;&amp;#xA0;$37.71&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;37.71&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;0.14&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;37.71&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;0.14&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;25&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;20.45&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5.44&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;12&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;19.93&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2.87&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory>
  <ifrs-full:DisclosureOfRelatedPartyExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_7BCFDD7D-AC70-4744-A648-DFDDFDBE74C1_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#2A517F"&gt;&lt;b&gt;Note
 20&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;Related Parties&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Related party transactions were
 made in the normal course of business and at the terms that would
 exist in &lt;font style="WHITE-SPACE: nowrap"&gt;arm&amp;#x2019;s-length&lt;/font&gt;
 transactions.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(a)
 Transactions with certain related parties&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Transactions with MFLP, a wholly
 owned unconsolidated partnership, and MFCT, a wholly owned
 unconsolidated trust, are described in notes 11, 12 and
 18.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(b)
 Compensation of key management personnel&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company&amp;#x2019;s key management
 personnel are those personnel who have the authority and
 responsibility for planning, directing and controlling the
 activities of the Company. Directors (both executive and
 &lt;font style="WHITE-SPACE: nowrap"&gt;non-executive)&lt;/font&gt; and senior
 management are considered key personnel. Accordingly, the summary
 of compensation of key management personnel is as
 follows.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="78%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Short-term employee benefits&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;44&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;33&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Post-employment benefits&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Share-based payments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;43&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;44&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Termination benefits&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other long-term benefits&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;3&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;98&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;87&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfRelatedPartyExplanatory>
  <ifrs-full:DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_5FF536DF-E47F-4361-A2FA-1C696E9C4763_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following table presents a
 roll forward of invested assets and segregated funds net assets
 measured at fair value using significant unobservable inputs (Level
 3) for the years ended December&amp;#xA0;31, 2017 and 2016.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="36%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended&lt;br /&gt;
 December&amp;#xA0;31, 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Balance,&lt;br /&gt;
 January&amp;#xA0;1,&lt;br /&gt;
 2017&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Net&lt;br /&gt;
 realized/&lt;br /&gt;
 unrealized&lt;br /&gt;
 gains&lt;br /&gt;
 (losses)&lt;br /&gt;
 included&lt;br /&gt;
 in net&lt;br /&gt;
 income&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Net&lt;br /&gt;
 realized/&lt;br /&gt;
 unrealized&lt;br /&gt;
 gains&lt;br /&gt;
 (losses)&lt;br /&gt;
 included&lt;br /&gt;
 in AOCI&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 Purchases&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Sales&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Settlements&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Transfer&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;into&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Level&amp;#xA0;3&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Transfer&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;out of&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Level&amp;#xA0;3&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Currency&lt;br /&gt;
 movement&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;Balance,&lt;br /&gt;
 December&amp;#xA0;31,&lt;br /&gt;
 2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Change in&lt;br /&gt;
 unrealized&lt;br /&gt;
 gains&lt;br /&gt;
 (losses) on&lt;br /&gt;
 assets still&lt;br /&gt;
 held&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Debt securities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;FVTPL&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other government&amp;#xA0;&amp;amp; agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;272&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;26&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(58&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(6&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;8&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;239&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Corporate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;651&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;19&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;105&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(34&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(29&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;24&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(21&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(5&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;710&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Residential mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Commercial mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(5&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other securitized assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;35&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(7&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;966&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;15&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;131&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(97&lt;/b&gt;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(43&lt;/b&gt;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;24&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(21&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;975&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
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 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;AFS&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
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 &lt;/tr&gt;
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 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other government&amp;#xA0;&amp;amp; agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;47&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
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 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Corporate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;74&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;22&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(4&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;88&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Residential mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Commercial mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other securitized assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;130&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;36&lt;/b&gt;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(26&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(8&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;136&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
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 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Public equities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 FVTPL&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7&lt;/b&gt;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(4&lt;/b&gt;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
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 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
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 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(4&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Real estate&amp;#xA0;&amp;#x2013; investment property&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,756&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;301&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,257&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,267&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(518&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,529&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;264&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Other invested assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14,849&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;395&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,022&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(435&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(837&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(791&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;16,203&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;244&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;27,605&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;696&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,279&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,702&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(837&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,309&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;28,732&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;508&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Segregated funds net assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,574&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;60&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;261&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(248&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(54&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(184&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(154&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,255&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;45&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;33,282&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;770&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;4,707&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;(2,077&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;(942&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;25&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;(205&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;(1,460&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;34,101&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;558&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="42%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Balance,&lt;br /&gt;
 January&amp;#xA0;1,&lt;br /&gt;
 2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Net&lt;br /&gt;
 realized/&lt;br /&gt;
 unrealized&lt;br /&gt;
 gains&lt;br /&gt;
 (losses)&lt;br /&gt;
 included&lt;br /&gt;
 in net&lt;br /&gt;
 income&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Net&lt;br /&gt;
 realized/&lt;br /&gt;
 unrealized&lt;br /&gt;
 gains&lt;br /&gt;
 (losses)&lt;br /&gt;
 included&lt;br /&gt;
 in AOCI&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Purchases&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Sales&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Settlements&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Transfer&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;into&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Level&amp;#xA0;3&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Transfer&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;out of&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Level&amp;#xA0;3&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Currency&lt;br /&gt;
 movement&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Balance,&lt;br /&gt;
 December&amp;#xA0;31,&lt;br /&gt;
 2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Change in&lt;br /&gt;
 unrealized&lt;br /&gt;
 gains&lt;br /&gt;
 (losses) on&lt;br /&gt;
 assets still&lt;br /&gt;
 held&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Debt securities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;FVTPL&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other government&amp;#xA0;&amp;amp; agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;310&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;50&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(41&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(30&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(20&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;272&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Corporate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;903&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(29&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;83&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(84&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(134&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;58&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(124&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(22&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;651&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(4&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Residential mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;15&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(11&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Commercial mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;70&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(56&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(4&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(4&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(3&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other securitized assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;48&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(7&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(4&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;35&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;1,346&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(26&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;133&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(193&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(176&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;58&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(128&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(48&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;966&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(5&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;AFS&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other government&amp;#xA0;&amp;amp; agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;42&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(6&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(3&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;51&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Corporate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;90&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;29&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(32&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(3&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(5&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(3&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;74&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Residential mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(6&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Commercial mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other securitized assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;5&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(4&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
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 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;149&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(1&lt;/td&gt;
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 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
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 &lt;b&gt;Public equities&lt;/b&gt;&lt;/p&gt;
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 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
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 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Real estate&amp;#xA0;&amp;#x2013;investment property&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,968&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;163&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;681&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,782&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(274&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,756&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;197&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Other invested assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;12,977&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;786&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;9&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;2,171&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(76&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(685&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(333&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;14,849&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;847&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;26,945&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;949&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;9&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;2,852&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(1,858&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(685&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(607&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;27,605&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;1,044&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Segregated funds net assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;4,656&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;92&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;356&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(312&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(19&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(12&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(105&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(82&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;4,574&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;93&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;33,096&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;1,014&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;10&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;3,395&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(2,407&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(885&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;46&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(242&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(745&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;33,282&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;1,132&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;These amounts, except for the amount
 related to segregated funds net assets, are included in net
 investment income on the Consolidated Statements of Income.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;These amounts are included in AOCI on
 the Consolidated Statements of Financial Position.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Sales in 2017 include $619 of U.S.
 commercial real estate sold to the Hancock US Real Estate Fund,
 L.P., an associate of the Company which is a structured entity
 based on partnership voting rights. The Company provides management
 services to the fund and owns approximately 11.7% of its
 partnership interests. Also in 2017, sales include US$313 (2016
 &amp;#x2013; $1,011) of U.S. commercial real estate sold to the Manulife
 US Real Estate Investment Trust in Singapore, an associate of the
 Company which is a structured entity based on unitholder voting
 rights. The Company provides management services to the trust and
 owns approximately 9.5% of its units.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;For assets transferred into and out
 of Level&amp;#xA0;3, the Company uses fair values of the assets at the
 beginning of the year.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsExplanatory>
  <ifrs-full:DisclosureOfUnconsolidatedStructuredEntitiesExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_4318878A-BEB8-41AA-8E69-6909FF37707D_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following table presents the
 Company&amp;#x2019;s investment and maximum exposure to loss from
 significant unconsolidated investment SEs, some of which are
 sponsored by the Company. The Company does not provide guarantees
 to other parties against the risk of loss from these
 SEs.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="66%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Company&amp;#x2019;s investment&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Company&amp;#x2019;s maximum&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;exposure to loss&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Leveraged leases&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;3,273&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;3,369&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;3,273&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;3,369&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Timberland companies&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;736&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;736&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;786&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;749&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Real estate companies&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;361&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;327
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;361&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;327
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,370&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;4,432
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,420&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;4,445
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The Company&amp;#x2019;s investments in
 these unconsolidated SEs are included in invested assets and the
 Company&amp;#x2019;s returns from them are included in net investment
 income and AOCI.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The Company&amp;#x2019;s maximum exposure
 to loss from each SE is limited to amounts invested in each, plus
 unfunded capital commitments, if any. The Company&amp;#x2019;s
 investment commitments are disclosed in note 18. The maximum loss
 is expected to occur only upon the entity&amp;#x2019;s
 bankruptcy/liquidation, or as a result of a natural disaster in the
 case of the timber companies.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;These entities are statutory business
 trusts which use capital provided by the Company and senior debt
 provided by other parties to finance the acquisition of assets.
 These assets are leased to third-party lessees under long-term
 leases. The Company owns equity capital in these business trusts.
 The Company does not consolidate any of the trusts that are party
 to the lease arrangements because the Company does not have
 decision-making power over them.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;These entities own and operate
 timberlands. The Company invests in their equity and debt. The
 Company&amp;#x2019;s returns include investment income, investment
 advisory fees, forestry management fees and performance advisory
 fees. The Company does not control these entities because it either
 does not have the power to govern their financial and operating
 policies or does not have significant variable returns from them,
 or both.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;These entities, which include the
 Manulife U.S. REIT, own and manage commercial real estate. The
 Company invests in their equity. The Company&amp;#x2019;s returns
 include investment income, investment management fees, property
 management fees, acquisition/disposition fees, and leasing fees.
 The Company does not control these entities because it either does
 not have the power to govern their financial and operating policies
 or does not have significant variable returns from them, or
 both.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfUnconsolidatedStructuredEntitiesExplanatory>
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 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;The carrying value and
 change in segregated funds net assets are as follows.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Segregated funds net assets&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="79%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Investments at market value&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Cash and short-term securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,756&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,524&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Debt securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;15,472&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;15,651&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Equities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,624&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,458&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Mutual funds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;288,007&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;278,966&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other investments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,514&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,552&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Accrued investment income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;201&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;201&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other assets and liabilities, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(766&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(644&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total segregated funds net assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;324,808&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;315,708&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Composition of segregated funds net assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Held by policyholders&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;324,307&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;315,177&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Held by the Company&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;501&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;531&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total segregated funds net assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;324,808&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;315,708&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfSummaryOfCompositionOfSegregatedFundsExplanatory>
  <mfc:DisclosureOfPotentialImpactOnNetIncomeAttributedToShareholdersArisingFromChangesToNoneconomicAssumptionsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_0DFE6CD4-A7B1-4BCF-BB2C-215055FE465F_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Potential
 impact on net income attributed to shareholders arising from
 changes to &lt;font style="WHITE-SPACE: nowrap"&gt;non-economic&lt;/font&gt;
 assumptions&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1),(2)&lt;/sup&gt;&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="79%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" rowspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6" align="center"&gt;Decrease in net income&lt;br /&gt;
 attributable to shareholders&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Policy related assumptions&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 2% adverse change in future mortality rates&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3),(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Products where an increase in rates increases insurance contract
 liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(400&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(400&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Products where a decrease in rates increases insurance contract
 liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(400&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(500&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 5% adverse change in future morbidity rates&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4),(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(3,900&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(3,700&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 10% adverse change in future termination rates&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(2,000&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,900&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 5% increase in future expense levels&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(500&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;(500&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 2px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The sensitivities as at
 December&amp;#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&amp;#xA0;1, 2018.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The participating policy funds are
 largely self-supporting and generate no material impact on net
 income attributed to shareholders as a result of changes in
 &lt;font style="WHITE-SPACE: nowrap"&gt;non-economic&lt;/font&gt; assumptions.
 Experience gains or losses would generally result in changes to
 future dividends, with no direct impact to shareholders.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;An increase in mortality rates will
 generally increase policy liabilities for life insurance contracts
 whereas a decrease in mortality rates will generally increase
 policy liabilities for policies with longevity risk such as payout
 annuities.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;No amounts related to morbidity risk
 are included for policies where the policy liability provides only
 for claims costs expected over a short period, generally less than
 one year, such as Group Life and Health.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The impacts of the sensitivities on
 long-term care for morbidity, mortality and lapse are assumed to be
 moderated by partial offsets from the Company&amp;#x2019;s ability to
 contractually raise premium rates in such events, subject to state
 regulatory approval.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfPotentialImpactOnNetIncomeAttributedToShareholdersArisingFromChangesToNoneconomicAssumptionsExplanatory>
  <mfc:DisclosureOfDetailedInformationAboutGoodwillAndIntangibleAssetsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_99068780-2A84-4377-BD07-C162E7470EE4_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(a) Carrying amounts of goodwill and
 intangible assets&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="53%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Balance,&lt;br /&gt;
 January&amp;#xA0;1,&lt;br /&gt;
 2017&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Additions/&lt;br /&gt;
 disposals&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Amortization&lt;br /&gt;
 expense&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Effect&amp;#xA0;of&amp;#xA0;changes&lt;br /&gt;
 in foreign&lt;br /&gt;
 exchange rates&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Balance,&lt;br /&gt;
 December&amp;#xA0;31,&lt;br /&gt;
 2017&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Goodwill&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5,884&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;n/a&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(171&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5,713&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Indefinite life intangible assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Brand&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;805&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;n/a&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(52&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;753&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Fund management contracts and other&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;785&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;n/a&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(30&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;755&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,590&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;n/a&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(82&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,508&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Finite life intangible assets&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Distribution networks&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,093&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;47&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(57&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;989&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Customer relationships&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;969&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;56&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(14&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;899&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Software&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;494&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;306&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;121&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(18&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;661&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;77&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;70&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,633&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;306&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;229&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(91&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,619&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total intangible assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,223&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;306&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;229&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(173&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,127&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total goodwill and intangible assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;10,107&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;306&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;229&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(344&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;9,840&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Balance,&lt;br /&gt;
 January&amp;#xA0;1,&lt;br /&gt;
 2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Additions&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;/&lt;br /&gt;
 disposals&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Amortization&lt;br /&gt;
 expense&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Effect of changes&lt;br /&gt;
 in foreign&lt;br /&gt;
 exchange rates&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Balance,&lt;br /&gt;
 December&amp;#xA0;31,&lt;br /&gt;
 2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Goodwill&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;5,685&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;256&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;n/a&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(57&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;5,884&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Indefinite life intangible assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Brand&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;831&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;n/a&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(26&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;805&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Fund management contracts and other&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;723&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;76&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;n/a&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(14&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;785&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,554&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;76&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;n/a&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(40&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,590&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Finite life intangible assets&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Distribution networks&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;726&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;450&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;50&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(33&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,093&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Customer relationships&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;947&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;79&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;53&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(4&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;969&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Software&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;396&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;229&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;126&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(5&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;494&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;76&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;6&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;5&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;77&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2,145&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;764&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;234&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(42&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2,633&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total intangible assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;3,699&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;840&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;234&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(82&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;4,223&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total goodwill and intangible assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;9,384&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;1,096&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;234&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(139&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;10,107&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;For fund management contracts, the
 significant CGUs to which these were allocated and their associated
 carrying values were John Hancock Investments and Retirement Plan
 Services with $367 (2016 &amp;#x2013; $393) and Canadian Wealth
 (excluding Manulife Bank of Canada) with $273 (2016 &amp;#x2013;
 $273).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Gross carrying amount of finite life
 intangible assets was $1,294 for distribution networks, $1,128 for
 customer relationships, $1,841 for software and $126 for other
 (2016 &amp;#x2013; $1,363, $1,142, $1,581 and $133, respectively).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;In 2016, acquisitions of Standard
 Chartered&amp;#x2019;s MPF business in Hong Kong and
 Transamerica&amp;#x2019;s broker-dealer business in the USA led to
 additions of goodwill of $194 and $59 and intangible assets of $193
 and $26, respectively. Commencement of sales through the DBS
 relationship led to recognition of $536 of distribution
 networks.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;In 2016, disposals include
 impairments of distribution networks for discontinued products of
 $150 in the U.S. Division.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;


 &lt;/div&gt;</mfc:DisclosureOfDetailedInformationAboutGoodwillAndIntangibleAssetsExplanatory>
  <mfc:FinancialInstrumentsDisclosuresUnderIFRS7Explanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_41FD3167-A61C-4237-88F2-7F9566784ED2_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;IFRS 7 Disclosures&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The&amp;#xA0; shaded text and tables in the following sections of this
 MD&amp;amp;A represent our disclosure on market and liquidity risk in
 accordance with IFRS 7, &amp;#x201C;Financial Instruments &amp;#x2013;
 Disclosures,&amp;#x201D; and include a discussion on how we measure risk
 and our objectives, policies and methodologies for managing these
 risks. Therefore, the following shaded text and tables represent an
 integral part of our audited annual Consolidated Financial
 Statements for the years ended December&amp;#xA0;31, 2017 and
 December&amp;#xA0;31, 2016. The fact that certain text and tables are
 considered an integral part of the Consolidated Financial
 Statements does not imply that the disclosures are of any greater
 importance than the sections not part of the disclosure.
 Accordingly, the &amp;#x201C;Risk Management&amp;#x201D; disclosure should be
 read in its entirety.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font color="#2A517F"&gt;&lt;b&gt;Market Risk&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Market risk is the risk of loss resulting
 from market price volatility, interest rate change, credit and swap
 spread changes, and from adverse foreign currency rate movements.
 Market price volatility primarily relates to changes in prices of
 publicly traded equities and alternative long-duration
 assets.&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Market Risk Management
 Strategy&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN-TOP: 0pt"&gt;
 Market risk is governed by the Global Asset Liability Committee
 which oversees the overall market and liquidity risk program. Our
 overall strategy to manage our market risks incorporates several
 component strategies, each targeted to manage one or more of the
 market risks arising from our businesses. At an enterprise level,
 these strategies are designed to manage our aggregate exposures to
 market risks against economic capital, regulatory required capital
 and earnings-at-risk limits.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN-TOP: 6pt"&gt;
 The following table outlines our key market risks and identifies
 the risk management strategies which contribute to managing these
 risks.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="60%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font style="FONT-SIZE: 9pt" color="#1F320C"&gt;&lt;b&gt;Risk Management
 Strategy&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="14" align="center"&gt;&lt;b&gt;Key Market Risk&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;Publicly&lt;br /&gt;
 Traded&amp;#xA0;Equity&lt;br /&gt;
 Performance&lt;br /&gt;
 Risk&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;Interest&amp;#xA0;Rate&lt;br /&gt;
 and Spread&lt;br /&gt;
 Risk&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;Alternative&lt;br /&gt;
 &lt;font style="WHITE-SPACE: nowrap"&gt;Long-Duration&lt;/font&gt;&lt;br /&gt;
 Asset&lt;br /&gt;
 Performance&lt;br /&gt;
 Risk&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;Foreign&lt;br /&gt;
 Exchange&amp;#xA0;Risk&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Product design and pricing&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Variable annuity guarantee dynamic hedging&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Macro equity risk hedging&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Asset liability management&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Foreign exchange management&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 To reduce publicly traded equity performance risk, we primarily use
 a variable annuity guarantee dynamic hedging strategy which is
 complemented by a general macro equity risk hedging strategy. Our
 strategies employed for variable annuity guarantee dynamic hedging
 and macro equity risk hedging expose the Company to additional
 risks. See &amp;#x201C;Risk Factors&amp;#x201D; below.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 In general, to seek to reduce interest rate risk, we lengthen the
 duration of our fixed income investments in our liability and
 surplus segments by executing interest rate hedges.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 We seek to limit concentration risk associated with ALDA
 performance by investing in a diversified basket of assets
 including public and private equities, commercial real estate,
 infrastructure, timber, farmland real estate, and oil and gas
 assets. We further diversify risk by managing investments against
 established limits, including for industry type and corporate
 connection, commercial real estate type and geography, and timber
 and farmland property geography and crop type.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 Our foreign exchange risk management strategy is designed to hedge
 the sensitivity of our regulatory capital ratios to movements in
 foreign exchange rates. Our policy is to generally match the
 currency of our assets with the currency of the liabilities they
 support, and similarly, to generally match the currency of the
 assets in our shareholders&amp;#x2019; equity account to the currency of
 our required capital. Where assets and liabilities are not currency
 matched, we seek to stabilize our capital ratios through the use of
 financial instruments such as derivatives.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Product Design and Pricing
 Strategy&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%"&gt;
 Our policies, standards, and standards of practice with respect to
 product design and pricing are designed with the objective of
 aligning our product offerings with our risk taking philosophy and
 risk appetite, and in particular, that incremental risk generated
 from new sales aligns with our strategic risk objectives and risk
 limits. The specific design features of our product offerings,
 including level of benefit guarantees, policyholder options, fund
 offerings and availability restrictions as well as our associated
 investment strategies, help to mitigate the level of underlying
 risk. We regularly review and modify key features within our
 product offerings, including premiums and fee charges with a goal
 of meeting profit targets and staying within risk limits. Certain
 of our general fund adjustable benefit products have minimum rate
 guarantees. The rate guarantees for any particular policy are set
 at the time the policy is issued and governed by insurance
 regulation in each jurisdiction where the products are sold. The
 contractual provisions allow crediting rates to be re-set at
 pre-established intervals subject to the established minimum
 crediting rate guarantees. The Company may partially mitigate the
 interest rate exposure by setting new rates on new business and by
 adjusting rates on in-force business where permitted. In addition,
 the Company partially mitigates this interest rate risk through its
 asset liability management process, product design elements, and
 crediting rate strategies. New product initiatives, new reinsurance
 arrangements and material insurance underwriting initiatives must
 be reviewed and approved by the CRO or key individuals within risk
 management functions.&lt;/p&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Hedging Strategies for Variable Annuity
 and Other Equity Risks&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%"&gt;
 The Company&amp;#x2019;s exposure to movement in public equity market
 values primarily arises from variable annuity guarantees and to a
 smaller extent from asset-based fees and general fund public equity
 holdings.&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt"&gt;
 Dynamic hedging is the primary hedging strategy for variable
 annuity market risks. Dynamic hedging is employed for new variable
 annuity guarantees business when written or as soon as practical
 thereafter.&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt"&gt;
 We seek to manage public equity risk arising from other sources
 (not dynamically hedged) through our macro equity risk hedging
 strategy. We seek to manage interest rate risk arising from
 variable annuity business not dynamically hedged within our asset
 liability management strategy.&lt;/p&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Variable Annuity Dynamic Hedging
 Strategy&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%"&gt;
 The variable annuity dynamic hedging strategy is designed to hedge
 the sensitivity of variable annuity guarantee policy liabilities
 and available capital to fund performance (both public equity and
 bond funds) and interest rate movements. The objective of the
 variable annuity dynamic hedging strategy is to offset, as closely
 as possible, the change in the economic value of guarantees with
 the profit and loss from our hedge asset portfolio. The economic
 value of guarantees moves in close tandem, but not exactly, with
 our variable annuity guarantee policy liabilities, as it reflects
 best estimate liabilities and does not include any liability
 provisions for adverse deviations.&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt"&gt;
 Our current variable annuity guarantee dynamic hedging approach is
 to short exchange-traded equity index and government bond futures
 and execute currency futures and lengthening interest rate swaps to
 hedge sensitivity of policy liabilities to fund performance and
 interest rate movements arising from variable annuity guarantees.
 We dynamically rebalance these hedge instruments as market
 conditions change, in order to maintain the hedged position within
 established limits. Other derivative instruments (such as equity
 and interest rate options) are also utilized and we may consider
 the use of additional hedge instruments opportunistically in the
 future.&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt"&gt;
 Our variable annuity guarantee dynamic hedging strategy is not
 designed to completely offset the sensitivity of policy liabilities
 to all risks associated with the guarantees embedded in these
 products. The profit (loss) on the hedge instruments will not
 completely offset the underlying losses (gains) related to the
 guarantee liabilities hedged because:&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Policyholder behaviour and mortality
 experience are not hedged;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Provisions for adverse deviation in
 the policy liabilities are not hedged;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;A portion of interest rate risk is
 not hedged;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Credit spreads widen and actions are
 not taken to adjust accordingly;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Fund performance on a small portion
 of the underlying funds is not hedged due to lack of availability
 of effective exchange-traded hedge instruments;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Performance of the underlying funds
 hedged may differ from the performance of the corresponding hedge
 instruments;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Correlations between interest rates
 and equity markets could lead to unfavourable material
 impacts;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Unfavourable hedge rebalancing costs
 can be incurred during periods of high volatility from equity
 markets, bond markets and/or interest rates. The impact is
 magnified when these impacts occur concurrently; and&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Not all other risks are hedged.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Macro Equity Risk Hedging
 Strategy&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%"&gt;
 The objective of the macro equity risk hedging program is to
 maintain our overall earnings sensitivity to public equity market
 movements within our Board approved risk appetite limits. The macro
 equity risk hedging program is designed to hedge earnings
 sensitivity due to movements in public equity markets arising from
 all sources (outside of dynamically hedged exposures). Sources of
 equity market sensitivity addressed by the macro equity risk
 hedging program include:&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Residual equity and currency exposure
 from variable annuity guarantees not dynamically hedged;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;General fund equity holdings backing
 non-participating liabilities;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Variable life insurance;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Unhedged provisions for adverse
 deviation related to variable annuity guarantees dynamically
 hedged; and&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Variable annuity fees not associated
 with guarantees and fees on segregated funds without guarantees,
 mutual funds and institutional assets managed.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Asset Liability Management
 Strategy&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%"&gt;
 Our asset liability management strategy is designed to help ensure
 that the market risks embedded in our assets and liabilities held
 in the Company&amp;#x2019;s general fund are effectively managed and
 that risk exposures arising from these assets and liabilities are
 maintained below targeted levels. The embedded market risks include
 risks related to the level and movement of interest rates and
 credit spreads, public equity market performance, ALDA performance
 and foreign exchange rate movements.&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt"&gt;
 General fund product liabilities are segmented into groups with
 similar characteristics that are supported by specific asset
 segments. We seek to manage each segment to a target investment
 strategy appropriate for the premium and benefit pattern,
 policyholder options and guarantees, and crediting rate strategies
 of the products they support. Similar strategies are established
 for assets in the Company&amp;#x2019;s surplus account. The strategies
 are set using portfolio analysis techniques intended to optimize
 returns, subject to considerations related to regulatory and
 economic capital requirements, and risk tolerances. They are
 designed to achieve broad diversification across asset classes and
 individual investment risks while being suitably aligned with the
 liabilities they support. The strategies encompass asset mix,
 quality rating, term profile, liquidity, currency and industry
 concentration targets.&lt;/p&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 Products which feature guaranteed liability cash flows (i.e. where
 the projected net flows are not materially dependent upon economic
 scenarios) are managed to a target return investment strategy. The
 products backed by this asset segment include:&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;/p&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Accumulation annuities (other than
 annuities with pass-through features), which are primarily
 short-to-medium-term obligations and offer interest rate guarantees
 for specified terms on single premiums. Withdrawals may or may not
 have market value adjustments;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Payout annuities, which have no
 surrender options and include predictable and very long-dated
 obligations; and&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Insurance products, with recurring
 premiums extending many years in the future, and which also include
 a significant component of very long-dated obligations.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 We seek to manage the assets backing these long-dated benefits to
 achieve a target return sufficient to support the obligations over
 their lifetime, subject to established risk tolerances, by
 investing in a basket of diversified ALDA with the balance invested
 in fixed income securities. Utilizing ALDA to partially support
 these products is intended to enhance long-term investment returns
 and reduce aggregate risk through diversification. The size of the
 target ALDA portfolio is dependent upon the size and term of each
 segment&amp;#x2019;s liability obligations, subject to risk tolerance
 levels. We seek to manage fixed income assets to a benchmark
 developed to minimize interest rate risk against the residual
 liabilities and to achieve target returns/spreads required to
 preserve long-term interest rate investment assumptions used in
 liability pricing.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 For insurance and annuity products where significant pass-through
 features exist, a total return strategy approach is used, generally
 combining fixed income and ALDA. ALDA may be included to enhance
 long-term investment returns and reduce aggregate risk through
 diversification. Target investment strategies are established using
 portfolio analysis techniques that seek to optimize long-term
 investment returns while considering the risks related to embedded
 product guarantees and policyholder withdrawal options, the impact
 of regulatory and economic capital requirements and management
 tolerances with respect to short-term income volatility and
 long-term tail risk exposure. Shorter-duration liabilities such as
 fixed deferred annuities generally do not incorporate ALDA in their
 target asset mixes.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 In our general fund, we seek to limit concentration risk associated
 with ALDA performance by investing in a diversified basket of
 assets including public and private equities, commercial real
 estate, infrastructure, timber, farmland real estate, and oil and
 gas assets. We further diversify risk by managing investments
 against established limits, including for industry type and
 corporate connection, commercial real estate type and geography,
 and timber and farmland property geography and crop type.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 0pt"&gt;
 Authority to manage our investment portfolios is delegated to
 investment professionals who manage to benchmarks derived from the
 target investment strategies established for each segment,
 including interest rate risk tolerances. Interest rate risk
 exposure measures are monitored and communicated to portfolio
 managers with frequencies ranging from daily to annually, depending
 on the type of liability. Asset portfolio rebalancing, accomplished
 using cash investments or derivatives, may occur at frequencies
 ranging from daily to monthly, depending on our established risk
 tolerances and the potential for changes in the profile of the
 assets and liabilities.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt"&gt;
 Our asset liability management strategy incorporates a wide variety
 of risk measurement, risk mitigation and risk management, and
 hedging processes. The liabilities and risks to which the Company
 is exposed, however, cannot be completely matched or hedged due to
 both limitations on instruments available in investment markets and
 uncertainty of impact on liability cash flows from policyholder
 experience/behaviour.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt"&gt;
 As noted above, on December&amp;#xA0;22, 2017 we announced our decision
 to reduce the allocation to ALDA in the portfolio asset mix
 supporting our North American legacy businesses over the next 12-18
 months. This decision will reduce our exposure to ALDA returns,
 excluding the impact of U.S. Tax Reform, and excluding the impact
 of additional interest rate hedging, generally increases our
 exposure to changes in interest rates.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Foreign Exchange Risk Management
 Strategy&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%"&gt;
 Our foreign exchange risk management strategy is designed to hedge
 the sensitivity of our regulatory capital ratios to movements in
 foreign exchange rates. In particular, the objective of the
 strategy is to offset within acceptable tolerance levels, changes
 in required capital with changes in available capital that result
 from currency movements. These changes occur when assets and
 liabilities related to business conducted in currencies other than
 Canadian dollars are translated to Canadian dollars at period
 ending exchange rates.&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt"&gt;
 Our policy is to generally match the currency of our assets with
 the currency of the liabilities they support, and similarly, to
 generally match the currency of the assets in our
 shareholders&amp;#x2019; equity account to the currency of our required
 capital. Where assets and liabilities are not currency matched, we
 would seek to stabilize our capital ratios through the use of
 forward contracts and currency swaps.&lt;/p&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt"&gt;
 Risk exposure limits are measured in terms of potential changes in
 capital ratios due to foreign exchange rate movements, determined
 to represent a specified likelihood of occurrence based on internal
 models.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font color="#2A517F"&gt;&lt;b&gt;Market Risk Sensitivities and Market Risk
 Exposure Measures&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Variable Annuity and Segregated Fund
 Guarantees Sensitivities and Risk Exposure Measures&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%"&gt;
 Guarantees on variable annuity products and segregated funds may
 include one or more of death, maturity, income and withdrawal
 guarantees. Variable annuity and segregated fund guarantees are
 contingent and only payable upon the occurrence of the relevant
 event, if fund values at that time are below guaranteed values.
 Depending on future equity market levels, liabilities on current
 in-force business would be due primarily in the period from 2018 to
 2038.&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt"&gt;
 We seek to mitigate a portion of the risks embedded in our retained
 (i.e. net of reinsurance) variable annuity and segregated fund
 guarantee business through the combination of our dynamic and macro
 hedging strategies (see &amp;#x201C;Publicly Traded Equity Performance
 Risk&amp;#x201D; below).&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt"&gt;
 The table below shows selected information regarding the
 Company&amp;#x2019;s variable annuity and segregated fund
 investment-related guarantees gross and net of reinsurance.&lt;/p&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Variable annuity and segregated fund
 guarantees, net of reinsurance&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="52%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="12"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="12"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" rowspan="2"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;As at
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;br /&gt;
 ($ millions)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10" align="center"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="10" align="center"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Guarantee&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Fund value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Amount&lt;br /&gt;
 at&amp;#xA0;risk&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4),(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Guarantee&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Fund value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Amount&lt;br /&gt;
 at&amp;#xA0;risk&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4),(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Guaranteed minimum income benefit&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,201&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,195&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,074&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,987&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,432&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,570&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Guaranteed minimum withdrawal benefit&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;61,767&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;56,512&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,943&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;68,594&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;59,593&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9,135&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Guaranteed minimum accumulation benefit&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;18,162&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;18,705&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;11&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;19,482&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;19,989&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;27&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Gross living benefits&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;85,130&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;79,412&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,028&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;94,063&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;84,014&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,732&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Gross death benefits&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10,743&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;16,973&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,001&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;12,200&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;16,614&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,350&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total gross of reinsurance&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;95,873&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;96,385&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;8,029&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;106,263&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;100,628&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;12,082&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Living benefits reinsured&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,522&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,667&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;911&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,241&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,903&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,349&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Death benefits reinsured&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,014&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,040&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;435&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;3,429&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;3,202&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;564&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total reinsured&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7,536&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6,707&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,346&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;8,670&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;7,105&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,913&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total, net of reinsurance&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;88,337&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;89,678&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6,683&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;97,593&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;93,523&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;10,169&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Contracts with guaranteed long-term
 care benefits are included in this category.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Where a policy includes both living
 and death benefits, the guarantee in excess of the living benefit
 is included in the death benefit category as outlined in footnote
 3.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Death benefits include stand-alone
 guarantees and guarantees in excess of living benefit guarantees
 where both death and living benefits are provided on a policy.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 0pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Amount at risk (in-the-money amount)
 is the excess of guarantee values over fund values on all policies
 where the guarantee value exceeds the fund value. This amount is
 not currently payable. For guaranteed minimum death benefit, the
 amount at risk is defined as the current guaranteed minimum death
 benefit in excess of the current account balance. For guaranteed
 minimum income benefit, the amount at risk is defined as the excess
 of the current annuitization income base over the current account
 value. For all guarantees, the amount at risk is floored at zero at
 the single contract level.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The amount at risk net of reinsurance
 at December&amp;#xA0;31, 2017 was $6,683 million (2016 &amp;#x2013; $10,169
 million) of which: US$3,982 million (2016 &amp;#x2013; US$6,008 million)
 was on our U.S. business, $1,342 million (2016 &amp;#x2013; $1,499
 million) was on our Canadian business, US$95 million (2016 &amp;#x2013;
 US$206 million) was on our Japan business and US$181 million (2016
 &amp;#x2013; US$244 million) was related to Asia (other than Japan) and
 our run-off reinsurance business.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Investment categories for variable
 contracts with guarantees&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN-TOP: 0pt"&gt;
 Variable contracts with guarantees, including variable annuities
 and variable life, are invested, at the policyholder&amp;#x2019;s
 discretion subject to contract limitations, in various fund types
 within the segregated fund accounts and other investments. The
 account balances by investment category are set out below.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN-TOP: 6pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 5pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="78%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 ($ millions)&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Investment category&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity funds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;47,508&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;41,805&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Balanced funds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;47,369&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;57,571&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Bond funds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;13,095&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;11,588&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Money market funds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,905&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,127&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other fixed interest rate investments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,777&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,807&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;111,654&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;114,898&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Caution Related to
 Sensitivities&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%"&gt;
 In the sections that follow, we provide sensitivities and risk
 exposure measures for certain risks. These include sensitivities
 due to specific changes in market prices and interest rate levels
 projected using internal models as at a specific date, and are
 measured relative to a starting level reflecting the
 Company&amp;#x2019;s assets and liabilities at that date and the
 actuarial factors, investment activity and investment returns
 assumed in the determination of policy liabilities. The risk
 exposures measure the impact of changing one factor at a time and
 assume that all other factors remain unchanged. Actual results can
 differ significantly from these estimates for a variety of reasons
 including the interaction among these factors when more than one
 changes; changes in actuarial and investment return and future
 investment activity assumptions; actual experience differing from
 the assumptions, changes in business mix, effective tax rates and
 other market factors; and the general limitations of our internal
 models. For these reasons, the sensitivities should only be viewed
 as directional estimates of the underlying sensitivities for the
 respective factors based on the assumptions outlined below. Given
 the nature of these calculations, we cannot provide assurance that
 the actual impact on net income attributed to shareholders will be
 as indicated&lt;/p&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 0pt"&gt;
 or on MLI&amp;#x2019;s MCCSR ratio will be as indicated. As noted above,
 LICAT replaced the MCCSR regulatory capital framework on&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 0pt"&gt;
 January&amp;#xA0;1,&amp;#xA0;2018 and we will update the sensitivity
 measures for the change in capital framework in May 2018.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Publicly Traded Equity Performance Risk
 Sensitivities and Exposure Measures&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 0pt"&gt;
 As outlined above, the macro hedging strategy is designed to
 mitigate public equity risk arising from variable annuity
 guarantees not dynamically hedged and from other products and fees.
 In addition, our variable annuity guarantee dynamic hedging
 strategy is not designed to completely offset the sensitivity of
 policy liabilities to all risks associated with the guarantees
 embedded in these products.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%"&gt;
 The table below shows the potential impact on net income attributed
 to shareholders resulting from an immediate 10%, 20% and 30% change
 in market values of publicly traded equities followed by a return
 to the expected level of growth assumed in the valuation of policy
 liabilities. If market values were to remain flat for an entire
 year, the potential impact would be roughly equivalent to an
 immediate decline in market values equal to the expected level of
 annual growth assumed in the valuation of policy liabilities.
 Further, if after market values dropped 10%, 20% or 30% they
 continued to decline, remained flat, or grew more slowly than
 assumed in the valuation the potential impact on net income
 attributed to shareholders could be considerably more than shown.
 Refer to &amp;#x201C;Sensitivity of Earnings to Changes in
 Assumptions&amp;#x201D; for more information on the level of growth
 assumed and on the net income sensitivity to changes in these
 long-term assumptions. The potential impact is shown after taking
 into account the impact of the change in markets on the hedge
 assets. While we cannot reliably estimate the amount of the change
 in dynamically hedged variable annuity guarantee liabilities that
 will not be offset by the profit or loss on the dynamic hedge
 assets, we make certain assumptions for the purposes of estimating
 the impact on net income attributed to shareholders.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 This estimate assumes that the performance of the dynamic hedging
 program would not completely offset the gain/loss from the
 dynamically hedged variable annuity guarantee liabilities. It
 assumes that the hedge assets are based on the actual position at
 the period end, and that equity hedges in the dynamic program are
 rebalanced at 5% intervals. In addition, we assume that the macro
 hedge assets are rebalanced in line with market changes.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN-TOP: 6pt"&gt;
 It is also important to note that these estimates are illustrative,
 and that the hedging program may underperform these estimates,
 particularly during periods of high realized volatility and/or
 periods where both interest rates and equity market movements are
 unfavourable.&lt;/p&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN-TOP: 0pt"&gt;
 The Standards of Practice for the valuation of insurance contract
 liabilities and guidance published by the CIA constrain the
 investment return assumptions for public equities and certain ALDA
 assets based on historical return benchmarks for public equities.
 The potential impact on net income attributed to shareholders does
 not take into account possible changes to investment return
 assumptions resulting from the impact of declines in public equity
 market values on these historical return benchmarks.&lt;/p&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Potential immediate impact on net income
 attributed to shareholders arising from changes to public equity
 returns&lt;/b&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1),(2),(3),(4)&lt;/sup&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 4pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="55%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;b&gt;As at December&amp;#xA0;31, 2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 ($ millions)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;-30%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;-20%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;-10%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;10%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;20%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;30%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Underlying sensitivity to net income attributed to
 shareholders&lt;/b&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Variable annuity guarantees&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(3,940&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(2,260&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(960&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;670&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,110&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,410&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Asset based fees&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(510&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(340&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(170&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;170&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;340&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;510&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 General fund equity investments&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(930&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(590&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(270&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;270&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;540&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;810&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total underlying sensitivity before hedging&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(5,380&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(3,190&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,400&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,110&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,990&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,730&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Impact of macro and dynamic hedge assets&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(7)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,220&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,850&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;790&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(640&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,100&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,410&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net potential impact on net income after impact of
 hedging&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2,160&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,340&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(610&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;470&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;890&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,320&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 ($ millions)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;-30%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;-20%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;-10%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;10%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;20%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;30%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" colspan="4"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Underlying sensitivity to net income attributed to
 shareholders&lt;/b&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Variable annuity guarantees&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(4,830&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2,920&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,290&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,000&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,690&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,170&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Asset based fees&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(410&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(280&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(140&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;140&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;280&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;410&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 General fund equity investments&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(910&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(590&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(270&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;240&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;490&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;750&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total underlying sensitivity before hedging&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(6,150&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(3,790&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,700&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,380&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,460&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,330&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Impact of macro and dynamic hedge assets&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(7)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;4,050&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2,440&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,060&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(910&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(1,610&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(2,160&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net potential impact on net income attributed to shareholders
 after impact of hedging&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(2,100&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(1,350&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(640&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;470&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;850&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;1,170&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;See &amp;#x201C;Caution Related to
 Sensitivities&amp;#x201D; above.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The sensitivities as at
 December&amp;#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&amp;#xA0;1, 2018. Due to the lower
 effective tax rate, the after-tax impact of changes to public
 equity returns increases.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The tables above show the potential
 impact on net income attributed to shareholders resulting from an
 immediate 10%, 20% and 30% change in market values of publicly
 traded equities followed by a return to the expected level of
 growth assumed in the valuation of policy liabilities.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Please refer to &amp;#x201C;Sensitivity of
 Earnings to Changes in Assumptions&amp;#x201D; for more information on
 the level of growth assumed and on the net income sensitivity to
 changes in these long-term assumptions.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Defined as earnings sensitivity to a
 change in public equity markets including settlements on
 reinsurance contracts, but before the offset of hedge assets or
 other risk mitigants.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;This impact for general fund equities
 is calculated as at a point-in-time and does not include:
 (i)&amp;#xA0;any potential impact on public equity weightings;
 (ii)&amp;#xA0;any gains or losses on AFS public equities held in the
 Corporate and Other segment; or (iii)&amp;#xA0;any gains or losses on
 public equity investments held in Manulife Bank. The participating
 policy funds are largely self-supporting and generate no material
 impact on net income attributed to shareholders as a result of
 changes in equity markets.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(7)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Includes the impact of rebalancing
 equity hedges in the macro and dynamic hedging program. The impact
 of dynamic hedge rebalancing represents the impact of rebalancing
 equity hedges for dynamically hedged variable annuity guarantee
 best estimate liabilities at 5% intervals, but does not include any
 impact in respect of other sources of hedge ineffectiveness (e.g.
 fund tracking, realized volatility and equity, interest rate
 correlations different from expected among other factors).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt"&gt;
 Changes in equity markets impact our available and required
 components of the MCCSR ratio. The following table shows the
 potential impact to MLI&amp;#x2019;s MCCSR ratio resulting from changes
 in public equity market values, assuming that the change in the
 value of the hedge assets does not completely offset the change of
 the related variable annuity guarantee liabilities.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Potential immediate impact on MLI&amp;#x2019;s
 MCCSR ratio arising from public equity returns different than the
 expected return for policy liability valuation&lt;/b&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1),(2),(3),(4)&lt;/sup&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="51%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="7%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="22" align="center"&gt;&lt;b&gt;Impact on MLI&amp;#x2019;s MCCSR
 ratio&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Percentage points&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;-30%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;-20%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;-10%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;10%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;20%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;30%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;December&amp;#xA0;31, 2017&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(14&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(8&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(4&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;11&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 December&amp;#xA0;31, 2016&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(12&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(8&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(4&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;3&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;14&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;18&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;See &amp;#x201C;Caution Related to
 Sensitivities&amp;#x201D; above. In addition, estimates exclude changes
 to the net actuarial gains/losses with respect to the
 Company&amp;#x2019;s pension obligations as a result of changes in
 equity markets, as the impact on the quoted sensitivities is not
 considered to be material.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The sensitivities as at
 December&amp;#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&amp;#xA0;1, 2018. Due to the lower
 effective tax rate, the after-tax impact of changes to public
 equity returns increases.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The potential impact is shown
 assuming that the change in value of the hedge assets does not
 completely offset the change in the dynamically hedged variable
 annuity guarantee liabilities. The estimated amount that would not
 be completely offset relates to our practices of not hedging the
 provisions for adverse deviation and of rebalancing equity hedges
 for dynamically hedged variable annuity liabilities at 5%
 intervals.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;OSFI rules for segregated fund
 guarantees reflect full capital impacts of shocks over 20 quarters
 within a prescribed range. As such, the deterioration in equity
 markets could lead to further increases in capital requirements
 after the initial shock.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Interest Rate and Spread Risk
 Sensitivities and Exposure Measures&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%"&gt;
 At December&amp;#xA0;31, 2017, we estimated the sensitivity of our net
 income attributed to shareholders to a 50 basis point parallel
 decline in interest rates to be a charge of $200 million, and to a
 50 basis point increase in interest rates to be a benefit of $100
 million.&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt"&gt;
 The table below shows the potential impact on net income attributed
 to shareholders from a 50 basis point parallel move in interest
 rates. This includes a change of 50 basis points in current
 government, swap and corporate rates for all maturities across all
 markets&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 0pt 1%"&gt;with
 no change in credit spreads between government, swap and corporate
 rates, and with a floor of zero on government rates where
 government rates are not currently negative, relative to the rates
 assumed in the valuation of policy liabilities, including embedded
 derivatives. For variable annuity guarantee liabilities that are
 dynamically hedged, it is assumed that interest rate hedges are
 rebalanced at 20 basis point intervals.&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt"&gt;
 As the sensitivity to a 50 basis point change in interest rates
 includes any associated change in the applicable reinvestment
 scenarios, the impact of changes to interest rates for less than,
 or more than 50 basis points is unlikely to be linear. Furthermore,
 our sensitivities are not consistent across all regions in which we
 operate, and the impact of yield curve changes will vary depending
 upon the geography where the change occurs. Reinvestment
 assumptions used in the valuation of policy liabilities tend to
 amplify the negative effects of a decrease in interest rates, and
 dampen the positive effects of interest rate increases. This is
 because the reinvestment assumptions used in the valuation of our
 insurance liabilities are based on interest rate scenarios and
 calibration criteria set by the Actuarial Standards Board, while
 our interest rate hedges are valued using current market interest
 rates. Therefore, in any particular quarter, changes to the
 reinvestment assumptions are not fully aligned to changes in
 current market interest rates especially when there is a
 significant change in the shape of the interest rate curve. As a
 result, the impact from non-parallel movements may be materially
 different from the estimated impact of parallel movements. For
 example, if long-term interest rates increase more than short-term
 interest rates (sometimes referred to as a steepening of the yield
 curve) in North America, the decrease in the value of our swaps may
 be greater than the decrease in the value of our insurance
 liabilities. This could result in a charge to net income attributed
 to shareholders in the short-term even though the rising and
 steepening, if sustained, may have a positive long-term economic
 impact.&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt"&gt;
 The potential impact on net income attributed to shareholders does
 not take into account any future potential changes to our URR
 assumptions or calibration criteria for stochastic risk-free rates
 or other potential impacts of lower interest rate levels, for
 example, increased strain on the sale of new business or lower
 interest earned on our surplus assets. The impact also does not
 reflect any unrealized gains or losses on AFS fixed income assets
 held in our surplus segment. Changes in the market value of these
 assets may provide a natural economic offset to the interest rate
 risk arising from our product liabilities. In order for there to
 also be an accounting offset, the Company would need to realize a
 portion of the AFS fixed income asset unrealized gains or losses.
 It is not certain we would crystallize any of the unrealized gains
 or losses available. As at December&amp;#xA0;31, 2017, the AFS fixed
 income assets held in the surplus segment were in a net after-tax
 unrealized loss position of $223 million.&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt"&gt;
 The impact does not reflect any potential effect of changing
 interest rates to the value of our ALDA assets. Rising interest
 rates could negatively impact the value of our ALDA assets (see
 &amp;#x201C;Critical Accounting and Actuarial Policies &amp;#x2013; Fair
 Value of Invested Assets&amp;#x201D;, below). More information on ALDA
 can be found under the section &amp;#x201C;Alternative Long-Duration
 Asset Performance Risk Sensitivities and Exposure Measures&amp;#x201D;,
 below.&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt"&gt;
 The following table shows the potential impact on net income
 attributed to shareholders including the change in the market value
 of AFS fixed income assets held in our surplus segment, which could
 be realized through the sale of these assets.&lt;/p&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Potential impact on net income attributed
 to shareholders and MLI&amp;#x2019;s MCCSR ratio of an immediate
 parallel change in interest rates relative to rates assumed in the
 valuation of policy liabilities&lt;/b&gt;&lt;/font&gt;&lt;font style="FONT-SIZE: 6pt; FONT-FAMILY: ARIAL" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1),(2),(3),(4),(5)&lt;/sup&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td width="80%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid" bgcolor="#E9EDF2"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid" bgcolor="#E9EDF2"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid" bgcolor="#E9EDF2"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;-50bp&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;+50bp&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;-50bp&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;+50bp&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid" bgcolor="#E9EDF2"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net income attributed to shareholders ($ millions)&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid" bgcolor="#E9EDF2"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Excluding change in market value of AFS fixed income assets held in
 the surplus segment&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(200&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;100&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid" bgcolor="#E9EDF2"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 From fair value changes in AFS fixed income assets held in surplus,
 if realized&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;1,100&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(1,000)&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;1,000&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(900)&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;MLI&amp;#x2019;s MCCSR ratio (Percentage points)&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Before impact of change in market value of AFS fixed income assets
 held in the surplus segment&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(7&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(6&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;5&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 From fair value changes in AFS fixed income assets held in surplus,
 if realized&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(5&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(4)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;See &amp;#x201C;Caution Related to
 Sensitivities&amp;#x201D; above. In addition, estimates exclude changes
 to the net actuarial gains/losses with respect to the
 Company&amp;#x2019;s pension obligations as a result of changes in
 interest rates, as the impact on the quoted sensitivities is not
 considered to be material.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The sensitivities as at
 December&amp;#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&amp;#xA0;1, 2018 and the decision to change
 the portfolio asset mix supporting our legacy businesses over the
 next 12-18 months.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Includes guaranteed insurance and
 annuity products, including variable annuity contracts as well as
 adjustable benefit products where benefits are generally adjusted
 as interest rates and investment returns change, a portion of which
 have minimum credited rate guarantees. For adjustable benefit
 products subject to minimum rate guarantees, the sensitivities are
 based on the assumption that credited rates will be floored at the
 minimum.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The amount of gain or loss that can
 be realized on AFS fixed income assets held in the surplus segment
 will depend on the aggregate amount of unrealized gain or
 loss.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 0pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Sensitivities are based on projected
 asset and liability cash flows and the impact of realizing fair
 value changes in AFS fixed income is based on the holdings at the
 end of the period.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The impact on MLI&amp;#x2019;s MCCSR ratio
 includes both the impact of lower earnings on available capital as
 well as the increase in required capital that results from a
 decline in&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="2%" align="right"&gt;interest&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;rates.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt"&gt;
 The $200 million increase in sensitivity to a 50 basis point
 decline in interest rates from December&amp;#xA0;31, 2016 was primarily
 due to normal rebalancing as part of our interest risk hedging
 program and our decision to reduce the allocation to ALDA in the
 portfolio asset mix supporting our North American legacy businesses
 over the next 12-18 months. Since the decision to change the
 portfolio asset mix supporting our legacy businesses requires us to
 complete multiple asset dispositions over the next 12-18 months, we
 are exposed to the rates at which the proceeds from these
 dispositions can be reinvested.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt"&gt;
 The following tables show the potential impact on net income
 attributed to shareholders resulting from a change in corporate
 spreads and swap spreads over government bond rates for all
 maturities across all markets with a floor of zero on the total
 interest rate, relative to the spreads assumed in the valuation of
 policy liabilities.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Potential impact on net income attributed
 to shareholders arising from changes to corporate spreads and swap
 spreads&lt;/b&gt;&lt;/font&gt;&lt;font style="FONT-SIZE: 6pt; FONT-FAMILY: ARIAL" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1),(2),(3),(4)&lt;/sup&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="87%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;br /&gt;
 ($ millions)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Corporate spreads&lt;/b&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5),(6)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Increase 50 basis points&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;1,000&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;700&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Decrease 50 basis points&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;&lt;b&gt;(1,000&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(800&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Swap spreads&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Increase 20 basis points&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;(400&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(500&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Decrease 20 basis points&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&lt;b&gt;400&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;500&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;See &amp;#x201C;Caution Related to
 Sensitivities&amp;#x201D; above.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The sensitivities as at
 December&amp;#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&amp;#xA0;1, 2018 and the decision to change
 the portfolio asset mix of our North American legacy businesses
 over the next 12-18 months.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The impact on net income attributed
 to shareholders assumes no gains or losses are realized on our AFS
 fixed income assets held in the surplus segment and excludes the
 impact of changes in segregated fund bond values due to changes in
 credit spreads. The participating policy funds are largely
 self-supporting and generate no material impact on net income
 attributed to shareholders as a result of changes in corporate and
 swap spreads.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Sensitivities are based on projected
 asset and liability cash flows.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Corporate spreads are assumed to
 grade to the long-term average over five years.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;As the sensitivity to a 50 basis
 point decline in corporate spreads includes the impact of a change
 in deterministic reinvestment scenarios where applicable, the
 impact of changes to corporate spreads for less than, or more than,
 the amounts indicated are unlikely to be linear.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt"&gt;
 The $200 million increase in sensitivity to a 50 basis point
 decline in corporate spreads from December&amp;#xA0;31, 2016 was
 primarily due to our decision to reduce the allocation to ALDA in
 the portfolio asset mix supporting our North American legacy
 businesses over the next 12-18 months and the lower U.S. corporate
 tax rates effective January&amp;#xA0;1, 2018. Since the decision to
 change the portfolio asset mix supporting our legacy businesses
 requires us to complete multiple asset dispositions over the next
 12-18 months, we are exposed to the rates at which the proceeds
 from these dispositions can be reinvested.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt"&gt;
 Swap spreads remain at low levels, and if they were to rise, this
 could generate material charges to net income attributed to
 shareholders.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Alternative Long-Duration Asset
 Performance Risk Sensitivities and Exposure Measures&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%"&gt;
 The following table shows the potential impact on net income
 attributed to shareholders resulting from an immediate 10% change
 in market values of ALDA followed by a return to the expected level
 of growth assumed in the valuation of policy liabilities. If market
 values were to remain flat for an entire year, the potential impact
 would be roughly equivalent to an immediate decline in market
 values equal to the expected level of annual growth assumed in the
 valuation of policy liabilities. Further, if after market values
 dropped 10% they continued to decline, remained flat, or grew more
 slowly than assumed in the valuation of policy liabilities, the
 potential impact on net income attributed to shareholders could be
 considerably more than shown. Refer to &amp;#x201C;Sensitivity of
 Earnings to Changes in Assumptions&amp;#x201D; below, for more
 information on the level of growth assumed and on the net income
 sensitivity to changes in these long-term assumptions.&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt"&gt;
 ALDA includes commercial real estate, timber and farmland real
 estate, oil and gas direct holdings, and private equities, some of
 which relate to oil and gas.&lt;/p&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Potential impact on net income attributed
 to shareholders arising from changes in ALDA returns&lt;/b&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1),(2),(3),(4),(5),(6),(7)&lt;/sup&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="65%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" rowspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 ($ millions)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;-10%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;10%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;-10%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;10%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Real estate, agriculture and timber assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;$&amp;#xA0;&amp;#xA0;(1,300&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;1,300&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(1,300&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;1,200&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Private equities and other ALDA&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,500&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,400&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(1,200&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,200&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Alternative long-duration assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;$&amp;#xA0;&amp;#xA0;(2,800&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;2,700&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(2,500&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;2,400&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;See &amp;#x201C;Caution Related to
 Sensitivities&amp;#x201D; above.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The sensitivities as at
 December&amp;#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&amp;#xA0;1, 2018.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;This impact is calculated as at a
 point-in-time impact and does not include: (i)&amp;#xA0;any potential
 impact on ALDA weightings or (ii)&amp;#xA0;any gains or losses on ALDA
 held in the Corporate and Other segment.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The participating policy funds are
 largely self-supporting and generate no material impact on net
 income attributed to shareholders as a result of changes in ALDA
 returns. For some classes of ALDA, where there is not an
 appropriate long-term benchmark available, the return assumptions
 used in valuation are not permitted by the Standards of Practice
 and CIA guidance to result in a lower reserve than an assumption
 based on a historical return benchmark for public equities in the
 same jurisdiction.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Net income impact does not consider
 any impact of the market correction on assumed future return
 assumptions.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Please refer to &amp;#x201C;Sensitivity of
 Earnings to Changes in Assumptions&amp;#x201D; below, for more
 information on the level of growth assumed and on the net income
 sensitivity to changes in these long-term assumptions.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(7)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The sensitivities as at
 December&amp;#xA0;31, 2017 do not include the impact of the decision to
 change the portfolio asset mix supporting our North American legacy
 business as no changes to the portfolio had been made as of that
 date. The reduction in the allocation to ALDA in the portfolio
 asset mix will be reflected in the sensitivity as it occurs over
 the next 12-18 months.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 9pt"&gt;
 The $300 million increase in sensitivity to a 10% decline in
 alternative long-duration assets from December&amp;#xA0;31, 2016 was
 primarily due to the lower U.S. corporate income tax rates
 effective January&amp;#xA0;1, 2018.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Foreign Exchange Risk Sensitivities and
 Exposure Measures&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%"&gt;
 The Company generally matches the currency of its assets with the
 currency of the insurance and investment contract liabilities they
 support, with the objective of mitigating risk of loss arising from
 currency exchange rate changes. As at December&amp;#xA0;31, 2017, the
 Company did not have a material unmatched currency exposure.&lt;/p&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt"&gt;
 The following table shows the potential impact on core earnings of
 a 10% change in the Canadian dollar relative to our key operating
 currencies.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Potential impact on core
 earnings&lt;/b&gt;&lt;/font&gt;&lt;font style="FONT-SIZE: 6pt; FONT-FAMILY: ARIAL" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1),(2),(3)&lt;/sup&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="64%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="8"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="8"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 ($ millions)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;+10%&lt;br /&gt;
 strengthening&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;-10%&lt;br /&gt;
 weakening&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;+10%&lt;br /&gt;
 strengthening&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;-10%&lt;br /&gt;
 weakening&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 10% change in the Canadian dollar relative to the U.S. dollar and
 the Hong Kong dollar&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(280)&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;280&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;$&amp;#xA0;&amp;#xA0;(230&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;230&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 10% change in the Canadian dollar relative to the Japanese yen&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(60)&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;60&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(50&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;50&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;This item is a non-GAAP measure. See
 &amp;#x201C;Performance and Non-GAAP Measures&amp;#x201D; below.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;See &amp;#x201C;Caution Related to
 Sensitivities&amp;#x201D; above.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The sensitivities as at
 December&amp;#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&amp;#xA0;1, 2018.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font color="#2A517F"&gt;&lt;b&gt;Liquidity Risk&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Liquidity risk is the risk of not having
 access to sufficient funds or liquid assets to meet both expected
 and unexpected cash and collateral demands.&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Liquidity Risk Management
 Strategy&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%"&gt;
 Global liquidity management policies and procedures are designed to
 provide adequate liquidity to cover cash and collateral obligations
 as they come due, and to sustain and grow operations in both normal
 and stressed conditions. They reflect legal, regulatory, tax,
 operational or economic impediments to inter-entity funding. The
 asset mix of our balance sheet takes into account the need to hold
 adequate unencumbered and appropriate liquid assets to satisfy the
 requirements arising under stressed scenarios and to allow our
 liquidity ratios to remain strong. We manage liquidity centrally
 and closely monitor the liquidity positions of our principal
 subsidiaries.&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt"&gt;
 We seek to mitigate liquidity risk by diversifying our business
 across different products, markets, geographical regions and
 policyholders. We design insurance products to encourage
 policyholders to maintain their policies in-force, to help generate
 a diversified and stable flow of recurring premium income. We
 design the policyholder termination features of our wealth
 management products and related investment strategies with the goal
 of mitigating the financial exposure and liquidity risk related to
 unexpected policyholder terminations. We establish and implement
 investment strategies intended to match the term profile of the
 assets to the liabilities they support, taking into account the
 potential for unexpected policyholder terminations and resulting
 liquidity needs. Liquid assets represent a large portion of our
 total assets. We aim to reduce liquidity risk in our deposit funded
 businesses by diversifying our&lt;/p&gt;
 &lt;/div&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%"&gt;
 funding sources and appropriately managing the term structure of
 our funding. We forecast and monitor daily operating liquidity and
 cash movements in various individual entities and operations as
 well as centrally, aiming to ensure liquidity is available and cash
 is employed optimally.&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt"&gt;
 We also maintain centralized cash pools and access to other sources
 of liquidity and contingent liquidity such as repurchase funding
 agreements. Our centralized cash pool consists of cash or
 near-cash, high quality short-term investments that are continually
 monitored for their credit quality and market liquidity.&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt"&gt;
 We have established a variety of contingent funding sources. We
 maintain a $500 million committed unsecured revolving credit
 facility with certain Canadian chartered banks available for MFC,
 and a US$500 million committed unsecured revolving credit facility
 with certain U.S. banks available for MFC and certain of its
 subsidiaries. There were no outstanding borrowings under these
 credit facilities as of December&amp;#xA0;31, 2017. In addition, JHUSA
 is a member of the Federal Home Loan Bank of Indianapolis
 (&amp;#x201C;FHLBI&amp;#x201D;), which enables the Company to obtain loans
 from FHLBI as an alternative source of liquidity that is
 collateralized by qualifying mortgage loans, mortgage-backed
 securities and U.S. Treasury and Agency securities. Based on
 regulatory limitations, as of December&amp;#xA0;31, 2017, JHUSA had an
 estimated maximum borrowing capacity of US$4.3 billion under the
 FHLBI facility, with no amounts outstanding.&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt"&gt;
 The following table outlines the maturity of the Company&amp;#x2019;s
 significant financial liabilities.&lt;/p&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Maturity of financial
 liabilities&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="57%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 ($ millions)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Less than&lt;br /&gt;
 1 year&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;1&amp;#xA0;to&amp;#xA0;3&amp;#xA0;years&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;3&amp;#xA0;to&amp;#xA0;5&amp;#xA0;years&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Over&lt;br /&gt;
 5&amp;#xA0;years&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Long-term debt&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;401&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;626&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;3,758&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,785&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Capital instruments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;8,387&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;8,387&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Derivatives&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;224&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;149&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;168&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,281&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,822&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Deposits from Bank clients&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;15,322&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,373&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,436&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;18,131&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Lease obligations&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;126&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;172&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;89&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;451&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;838&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The amounts shown above are net of
 the related unamortized deferred issue costs.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Carrying value and fair value of
 deposits from Bank clients as at December&amp;#xA0;31, 2017 was $18,131
 million and $18,149 million, respectively (2016 &amp;#x2013; $17,919
 million and $17,978 million, respectively). Fair value is
 determined by discounting contractual cash flows, using market
 interest rates currently offered for deposits with similar terms
 and conditions. All deposits from Bank clients were categorized in
 Level 2 of the fair value hierarchy (2016 &amp;#x2013; Level 2).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 9pt 1% 0pt"&gt;
 Through the normal course of business, pledging of assets is
 required to comply with jurisdictional regulatory and other
 requirements including collateral pledged to partially mitigate
 derivative counterparty credit risk, assets pledged to exchanges as
 initial margin and assets held as collateral for repurchase funding
 agreements. Total unencumbered assets were $396.8 billion as at
 December&amp;#xA0;31, 2017 (2016 &amp;#x2013; $396.3 billion).&lt;/p&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Liquidity Risk Exposure
 Measures&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%"&gt;
 We manage liquidity levels of the consolidated group and key
 subsidiaries against established thresholds. We measure liquidity
 under both immediate (within one month) and ongoing (within one
 year) stress scenarios. Our policy is to maintain the ratio of
 assets to liabilities, both adjusted for their liquidity values,
 above the pre-established limit.&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt"&gt;
 Increased use of derivatives for hedging purposes has necessitated
 greater emphasis on measurement and management of contingent
 liquidity risk related to these instruments. The market value of
 our derivative portfolio is therefore regularly stress tested to
 assess the potential collateral and cash settlement requirements
 under various market conditions.&lt;/p&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt"&gt;
 Manulife Bank (the &amp;#x201C;Bank&amp;#x201D;) has a stand-alone liquidity
 risk management policy framework. The framework includes stress
 testing, cash flow modeling, a funding plan and a contingency plan.
 The Bank has an established securitization infrastructure which
 enables the Bank to access a range of funding and liquidity
 sources. The Bank models extreme but plausible stress scenarios
 that demonstrate that the Bank has a sufficient pool of highly
 liquid money market securities and holdings of sovereign bonds,
 near-sovereign bonds and other liquid marketable securities, which
 when combined with the Bank&amp;#x2019;s capacity to securitize
 residential mortgage assets provides sufficient liquidity to meet
 potential requirements under these stress scenarios.&lt;/p&gt;
 &lt;/div&gt;</mfc:FinancialInstrumentsDisclosuresUnderIFRS7Explanatory>
  <mfc:DisclosureOfSummarizedInvestedAssetsNotMeasuredAtFairValueExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_D87C908A-6934-42F4-97E6-C7B596FC31EB_1_0">&lt;div&gt;
 &lt;p style="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;For invested assets not measured at
 fair value in the Consolidated Statements of Financial Position,
 the following table presents their fair values categorized by the
 fair value hierarchy.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:8pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center"&gt;
 &lt;tr&gt;
 &lt;td width="59%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;Carrying&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;Fair value&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 Level&amp;#xA0;1&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 Level&amp;#xA0;2&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 Level&amp;#xA0;3&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Mortgages&lt;sup style="font-size:85%; vertical-align:top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;44,742&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;46,065&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;46,065&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Private placements&lt;sup style="font-size:85%; vertical-align:top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;32,132&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;34,581&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;28,514&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;6,067&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Policy loans&lt;sup style="font-size:85%; vertical-align:top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;5,808&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;5,808&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;5,808&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Loans to Bank clients&lt;sup style="font-size:85%; vertical-align:top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;1,737&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;1,742&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;1,742&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Real estate&amp;#xA0;&amp;#x2013;&amp;#xA0;own use property&lt;sup style="font-size:85%; vertical-align:top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;1,281&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;2,448&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;2,448&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Other invested assets&lt;sup style="font-size:85%; vertical-align:top"&gt;(6)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;8,280&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;8,602&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;88&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;8,514&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Total invested assets disclosed at fair value&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;93,980&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;99,246&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;88&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;36,064&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;63,094&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="font-size:1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;br /&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;Carrying&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;br /&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;Fair value&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;Level&amp;#xA0;1&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;Level&amp;#xA0;2&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;Level&amp;#xA0;3&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Mortgages&lt;sup style="font-size:85%; vertical-align:top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;44,193&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;45,665&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;45,665&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Private placements&lt;sup style="font-size:85%; vertical-align:top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;29,729&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;31,459&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;26,073&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,386&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Policy loans&lt;sup style="font-size:85%; vertical-align:top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,041&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,041&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,041&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Loans to Bank clients&lt;sup style="font-size:85%; vertical-align:top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,745&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,746&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,746&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Real estate&amp;#xA0;&amp;#x2013;&amp;#xA0;own use property&lt;sup style="font-size:85%; vertical-align:top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,376&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,524&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,524&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Other invested assets&lt;sup style="font-size:85%; vertical-align:top"&gt;(6)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;7,911&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;8,254&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;54&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;8,200&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Total invested assets disclosed at fair value&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;90,995&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;95,689&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;54&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;33,860&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;61,775&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;
 &lt;tr style="page-break-inside:avoid"&gt;
 &lt;td width="1%" valign="top" align="left"&gt;&lt;sup style="font-size:85%; vertical-align:top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td align="left" valign="top"&gt;Fair value of commercial mortgages is
 determined through an internal valuation methodology using both
 observable and unobservable inputs. Unobservable inputs include
 credit assumptions and liquidity spread adjustments. Fair value of
 fixed-rate residential mortgages is determined using the discounted
 cash flow method. Inputs used for valuation are primarily comprised
 of prevailing interest rates and prepayment rates, if applicable.
 Fair value of variable-rate residential mortgages is assumed to be
 their carrying value.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;
 &lt;tr style="page-break-inside:avoid"&gt;
 &lt;td width="1%" valign="top" align="left"&gt;&lt;sup style="font-size:85%; vertical-align:top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td align="left" valign="top"&gt;Fair value of private placements is
 determined through an internal valuation methodology using both
 observable and unobservable inputs. Unobservable inputs include
 credit assumptions and liquidity spread adjustments. Private
 placements are classified within Level&amp;#xA0;2 unless the liquidity
 adjustment constitutes a significant price impact, in which case
 the securities are classified as Level&amp;#xA0;3.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;
 &lt;tr style="page-break-inside:avoid"&gt;
 &lt;td width="1%" valign="top" align="left"&gt;&lt;sup style="font-size:85%; vertical-align:top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td align="left" valign="top"&gt;Fair value of policy loans is equal
 to their unpaid principal balances.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;
 &lt;tr style="page-break-inside:avoid"&gt;
 &lt;td width="1%" valign="top" align="left"&gt;&lt;sup style="font-size:85%; vertical-align:top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td align="left" valign="top"&gt;Fair value of fixed-rate loans to
 Bank clients is determined using the discounted cash flow method.
 Inputs used for valuation are primarily comprised of current
 interest rates. Fair value of variable-rate loans is assumed to be
 their carrying value.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;
 &lt;tr style="page-break-inside:avoid"&gt;
 &lt;td width="1%" valign="top" align="left"&gt;&lt;sup style="font-size:85%; vertical-align:top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td align="left" valign="top"&gt;Fair value of own use real estate and
 the fair value hierarchy are determined in accordance with the
 methodologies described for real estate &amp;#x2013; investment property
 in note&amp;#xA0;1.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;
 &lt;tr style="page-break-inside:avoid"&gt;
 &lt;td width="1%" valign="top" align="left"&gt;&lt;sup style="font-size:85%; vertical-align:top"&gt;(6)&lt;/sup&gt;&lt;/td&gt;
 &lt;td align="left" valign="top"&gt;Primarily include leveraged leases,
 oil and gas properties and equity method accounted other invested
 assets. Fair value of leveraged leases is disclosed at their
 carrying values as fair value is not routinely calculated on these
 investments. Fair value for oil and gas properties is determined
 using external appraisals based on discounted cash flow
 methodology. Inputs used in valuation are primarily comprised of
 forecasted price curves, planned production, as well as capital
 expenditures, and operating costs. Fair value of equity method
 accounted other invested assets is determined using a variety of
 valuation techniques including discounted cash flows and market
 comparable approaches. Inputs vary based on the specific
 investment.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfSummarizedInvestedAssetsNotMeasuredAtFairValueExplanatory>
  <mfc:DisclosureOfGrossNotionalAmountAndTheFairValueOfDerivativeContractsAreDisclosedByDerivativesInQualifyingHedgingAndDerivativesNotDesignatedInQualifyingHedgingRelationshipsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_BC216917-E570-46F4-B04F-69C088F92142_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following table presents the
 gross notional amount and fair value of derivative contracts by the
 underlying risk exposure for derivatives in qualifying hedging and
 derivatives not designated in qualifying hedging
 relationships.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="11%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td width="37%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5" colspan="3"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="12"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="12"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom" colspan="3"&gt;&lt;font style="FONT-SIZE: 7pt" color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10" align="center"&gt;&lt;font style="FONT-SIZE: 7pt"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="10" align="center"&gt;&lt;font style="FONT-SIZE: 7pt"&gt;2016&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" rowspan="2" colspan="2" align="right"&gt;Notional&lt;br /&gt;
 amount&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" rowspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;Fair value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" rowspan="2" colspan="2" align="right"&gt;
 Notional&lt;br /&gt;
 amount&lt;/td&gt;
 &lt;td valign="bottom" rowspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6" align="center"&gt;Fair value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Type of
 hedge&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;Instrument type&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Assets&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Liabilities&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right"&gt;Assets&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right"&gt;Liabilities&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-TOP: #1f320c 1px solid" valign="top" colspan="3"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Qualifying hedge accounting relationships&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-TOP: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-TOP: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-TOP: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-TOP: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-TOP: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-TOP: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-TOP: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-TOP: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Fair&amp;#xA0;value&amp;#xA0;hedges&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest rate swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;548&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;20&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,158&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;477&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Foreign currency swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;84&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;91&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Cash&amp;#xA0;flow&amp;#xA0;hedges&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Foreign currency swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,757&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;20&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;333&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,285&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;447&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Forward contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;165&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;255&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;23&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;125&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;16&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;126&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;21&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" colspan="3"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total derivatives in qualifying hedge accounting relationships&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,679&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;37&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;362&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;3,915&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;22&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;951&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" colspan="3"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Derivatives not designated in qualifying hedge&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;accounting relationships&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest rate swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;246,270&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,984&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,251&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;281,188&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;21,900&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,878&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest rate futures&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;11,551&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;11,616&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest rate options&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;10,093&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;312&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9,390&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;376&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Foreign currency swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16,321&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;494&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,122&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,226&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;347&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,645&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Currency rate futures&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,157&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,729&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Forward contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;20,341&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;915&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;65&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;15,411&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;340&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;644&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;13,597&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;813&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;22&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;14,989&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;669&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;33&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Credit default swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;606&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;662&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity futures&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;12,158&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;16,072&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" colspan="3"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total derivatives not designated in qualifying hedge accounting
 relationships&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;334,094&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;15,532&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7,460&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;366,283&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;23,650&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;13,200&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" colspan="3"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total derivatives&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;336,773&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;15,569&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;7,822&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;370,198&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;23,672&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;14,151&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfGrossNotionalAmountAndTheFairValueOfDerivativeContractsAreDisclosedByDerivativesInQualifyingHedgingAndDerivativesNotDesignatedInQualifyingHedgingRelationshipsExplanatory>
  <mfc:DisclosureOfFairValueSummaryOfDerivativeContractsCategorizedByHierarchyExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_F488A3E6-7EEA-42E9-884F-1C7331A7A6C5_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents fair value of derivative contracts and
 the fair value hierarchy.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="65%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Fair value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Level&amp;#xA0;1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Level&amp;#xA0;2&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Level&amp;#xA0;3&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Derivative assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest rate contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;14,199&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;13,181&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,018&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Foreign exchange contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;527&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;527&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Equity contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;829&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;768&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;61&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Credit default swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total derivative assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;15,569&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14,490&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,079&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Derivative liabilities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest rate contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,309&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,012&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;297&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Foreign exchange contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,490&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,490&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Equity contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;23&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;13&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total derivative liabilities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7,822&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7,512&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;310&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Fair value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Level&amp;#xA0;1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Level&amp;#xA0;2&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Level&amp;#xA0;3&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Derivative assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest rate contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;22,602&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;22,045&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;557&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Foreign exchange contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;362&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;361&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Equity contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;690&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;182&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;508&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Credit default swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;18&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;18&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total derivative assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;23,672&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;22,606&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;1,066&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Derivative liabilities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest rate contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;11,984&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;11,114&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;870&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Foreign exchange contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,133&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,133&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Equity contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;34&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;33&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total derivative liabilities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;14,151&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;13,248&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;903&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;br class="Apple-interchange-newline" /&gt;&lt;/div&gt;</mfc:DisclosureOfFairValueSummaryOfDerivativeContractsCategorizedByHierarchyExplanatory>
  <mfc:DisclosureOfNetDerivativeContractsMeasuredAtFairValueUsingSignificantUnobservableInputsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_BA1BC677-BC49-4F0C-844E-6FDB0FC183D3_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following table presents a
 roll forward for net derivative contracts measured at fair value
 using significant unobservable inputs (Level 3).&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="81%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Balance at the beginning of the year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;163&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;350&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net realized / unrealized gains (losses) included in:&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Net income&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,082&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;47&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 OCI&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(9&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;40&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Purchases&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;22&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;373&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Settlements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(103&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(522&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Transfers&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Into Level&amp;#xA0;3&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Out of Level&amp;#xA0;3&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(363&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(116&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Currency movement&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(23&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(9&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Balance at the end of the year&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;769&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;163&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Change in unrealized gains (losses) on instruments still
 held&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;832&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;145&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;These amounts are included in
 investment income on the Consolidated Statements of Income.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;These amounts are included in AOCI on
 the Consolidated Statements of Financial Position.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;For derivatives transferred into and
 out of Level&amp;#xA0;3, the Company uses the fair value of the items
 at the end and beginning of the period, respectively. Transfers
 into Level&amp;#xA0;3 occur when the inputs used to price the assets
 and liabilities lack observable market data (versus the previous
 year). Transfers out of Level&amp;#xA0;3 occur when the inputs used to
 price the assets and liabilities become available from observable
 market data.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfNetDerivativeContractsMeasuredAtFairValueUsingSignificantUnobservableInputsExplanatory>
  <mfc:DescriptionOfAccountingPolicyForPubliclyTradedEquityPerformanceRiskSensitivitiesAndExposureMeasuresExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_9C832771-49E2-460B-9EEF-AB826ED9E0E0_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Publicly
 Traded Equity Performance Risk Sensitivities and Exposure
 Measures&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;As outlined above, the macro
 hedging strategy is designed to mitigate public equity risk arising
 from variable annuity guarantees not dynamically hedged and from
 other products and fees. In addition, our variable annuity
 guarantee dynamic hedging strategy is not designed to completely
 offset the sensitivity of policy liabilities to all risks
 associated with the guarantees embedded in these
 products.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</mfc:DescriptionOfAccountingPolicyForPubliclyTradedEquityPerformanceRiskSensitivitiesAndExposureMeasuresExplanatory>
  <mfc:DescriptionOfAccountingPolicyForLiquidityRiskManagementStrategyExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_2FAE101A-66B4-41E7-AE7F-E2CB6F48CB9D_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#2A517F"&gt;&lt;b&gt;Liquidity
 Risk&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Liquidity
 risk is the risk of not having access to sufficient funds or liquid
 assets to meet both expected and unexpected cash and collateral
 demands.&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Liquidity
 Risk Management Strategy&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Global liquidity management
 policies and procedures are designed to provide adequate liquidity
 to cover cash and collateral obligations as they come due, and to
 sustain and grow operations in both normal and stressed conditions.
 They reflect legal, regulatory, tax, operational or economic
 impediments to inter-entity funding. The asset mix of our balance
 sheet takes into account the need to hold adequate unencumbered and
 appropriate liquid assets to satisfy the requirements arising under
 stressed scenarios and to allow our liquidity ratios to remain
 strong. We manage liquidity centrally and closely monitor the
 liquidity positions of our principal subsidiaries.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;We seek to mitigate liquidity risk
 by diversifying our business across different products, markets,
 geographical regions and policyholders. We design insurance
 products to encourage policyholders to maintain their policies
 in-force, to help generate a diversified and stable flow of
 recurring premium income. We design the policyholder termination
 features of our wealth management products and related investment
 strategies with the goal of mitigating the financial exposure and
 liquidity risk related to unexpected policyholder terminations. We
 establish and implement investment strategies intended to match the
 term profile of the assets to the liabilities they support, taking
 into account the potential for unexpected policyholder terminations
 and resulting liquidity needs. Liquid assets represent a large
 portion of our total assets. We aim to reduce liquidity risk in our
 deposit funded businesses by diversifying our&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;funding sources and appropriately
 managing the term structure of our funding. We forecast and monitor
 daily operating liquidity and cash movements in various individual
 entities and operations as well as centrally, aiming to ensure
 liquidity is available and cash is employed optimally.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;We also maintain centralized cash
 pools and access to other sources of liquidity and contingent
 liquidity such as repurchase funding agreements. Our centralized
 cash pool consists of cash or near-cash, high quality short-term
 investments that are continually monitored for their credit quality
 and market liquidity.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;We have established a variety of
 contingent funding sources. We maintain a $500 million committed
 unsecured revolving credit facility with certain Canadian chartered
 banks available for MFC, and a US$500 million committed unsecured
 revolving credit facility with certain U.S. banks available for MFC
 and certain of its subsidiaries. There were no outstanding
 borrowings under these credit facilities as of December&amp;#xA0;31,
 2017. In addition, JHUSA is a member of the Federal Home Loan Bank
 of Indianapolis (&amp;#x201C;FHLBI&amp;#x201D;), which enables the Company to
 obtain loans from FHLBI as an alternative source of liquidity that
 is collateralized by qualifying mortgage loans, mortgage-backed
 securities and U.S. Treasury and Agency securities. Based on
 regulatory limitations, as of December&amp;#xA0;31, 2017, JHUSA had an
 estimated maximum borrowing capacity of US$4.3 billion under the
 FHLBI facility, with no amounts outstanding.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following table outlines the
 maturity of the Company&amp;#x2019;s significant financial
 liabilities.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Maturity
 of financial liabilities&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%"&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="57%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 ($ millions)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Less
 than&lt;br /&gt;
 1 year&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 1&amp;#xA0;to&amp;#xA0;3&amp;#xA0;years&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 3&amp;#xA0;to&amp;#xA0;5&amp;#xA0;years&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 Over&lt;br /&gt;
 5&amp;#xA0;years&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Long-term debt&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;401&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;626&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;3,758&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,785&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Capital instruments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;8,387&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;8,387&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Derivatives&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;224&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;149&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;168&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,281&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,822&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Deposits from Bank clients&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;15,322&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,373&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,436&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;18,131&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Lease obligations&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;126&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;172&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;89&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;451&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;838&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The amounts shown above are net of
 the related unamortized deferred issue costs.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Carrying value and fair value of
 deposits from Bank clients as at December&amp;#xA0;31, 2017 was $18,131
 million and $18,149 million, respectively (2016 &amp;#x2013; $17,919
 million and $17,978 million, respectively). Fair value is
 determined by discounting contractual cash flows, using market
 interest rates currently offered for deposits with similar terms
 and conditions. All deposits from Bank clients were categorized in
 Level 2 of the fair value hierarchy (2016 &amp;#x2013; Level 2).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 9pt 1% 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Through the normal course of
 business, pledging of assets is required to comply with
 jurisdictional regulatory and other requirements including
 collateral pledged to partially mitigate derivative counterparty
 credit risk, assets pledged to exchanges as initial margin and
 assets held as collateral for repurchase funding agreements. Total
 unencumbered assets were $396.8 billion as at December&amp;#xA0;31,
 2017 (2016 &amp;#x2013; $396.3 billion).&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Liquidity
 Risk Exposure Measures&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;We manage liquidity levels of the
 consolidated group and key subsidiaries against established
 thresholds. We measure liquidity under both immediate (within one
 month) and ongoing (within one year) stress scenarios. Our policy
 is to maintain the ratio of assets to liabilities, both adjusted
 for their liquidity values, above the pre-established
 limit.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Increased use of derivatives for
 hedging purposes has necessitated greater emphasis on measurement
 and management of contingent liquidity risk related to these
 instruments. The market value of our derivative portfolio is
 therefore regularly stress tested to assess the potential
 collateral and cash settlement requirements under various market
 conditions.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Manulife Bank (the
 &amp;#x201C;Bank&amp;#x201D;) has a stand-alone liquidity risk management
 policy framework. The framework includes stress testing, cash flow
 modeling, a funding plan and a contingency plan. The Bank has an
 established securitization infrastructure which enables the Bank to
 access a range of funding and liquidity sources. The Bank models
 extreme but plausible stress scenarios that demonstrate that the
 Bank has a sufficient pool of highly liquid money market securities
 and holdings of sovereign bonds, near-sovereign bonds and other
 liquid marketable securities, which when combined with the
 Bank&amp;#x2019;s capacity to securitize residential mortgage assets
 provides sufficient liquidity to meet potential requirements under
 these stress scenarios.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</mfc:DescriptionOfAccountingPolicyForLiquidityRiskManagementStrategyExplanatory>
  <mfc:DisclosureOfConsolidatedCapitalInComplianceWithMinimumContinuingCapitalAndSurplusRequirementExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_91177EE1-61A7-4DDF-B626-3BA3A9D22FEC_1_0">&lt;div&gt;
 &lt;p style="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Consolidated capital&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center"&gt;
 &lt;tr&gt;
 &lt;td width="78%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="font-size:1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;2016&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Total equity&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;42,163&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;42,823&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Adjusted for AOCI loss on cash flow hedges&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(109&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;(232&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Total equity excluding AOCI on cash flow hedges&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;42,272&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;43,055&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Qualifying capital instruments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;8,387&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;7,180&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Total capital&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;50,659&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;50,235&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfConsolidatedCapitalInComplianceWithMinimumContinuingCapitalAndSurplusRequirementExplanatory>
  <mfc:DisclosureOfSummarizedDeferredTaxesExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_C09009FA-46D6-44E1-A9CE-CCE287E12543_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following table presents the
 Company&amp;#x2019;s deferred tax assets and liabilities.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="81%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December, 31&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Deferred tax assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,569&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,439&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Deferred tax liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,281&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(1,359&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net deferred tax assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;3,288&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;3,080&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfSummarizedDeferredTaxesExplanatory>
  <mfc:DisclosureOfCarryingValueOfAssetsBackingNetInsuranceContractLiabilitiesOtherLiabilitiesAndCapitalExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_C4041A7B-5509-45E7-B7C0-A30292E9EA5D_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The carrying value of total assets
 backing net insurance contract liabilities, other liabilities and
 capital was as follows.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="45%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;Individual
 insurance&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 Participating&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;Non-&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;participating&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 Annuities&lt;br /&gt;
 and pensions&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Other
 insurance&lt;br /&gt;
 contract&lt;br /&gt;
 liabilities&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 Other&lt;br /&gt;
 liabilities&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 Capital&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Debt securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;27,946&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;63,128&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;26,621&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;25,211&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,635&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;24,459&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;174,000&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Public equities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;9,264&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,855&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;171&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;332&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,029&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,894&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;21,545&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Mortgages&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,017&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;10,286&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,009&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,891&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;18,476&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;63&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;44,742&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,645&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,128&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;8,059&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,739&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;367&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;194&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;32,132&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Real estate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,963&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,198&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,136&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,516&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;769&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;228&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;13,810&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6,603&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;16,285&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6,720&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;15,523&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;377,352&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;20,821&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;443,304&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;52,438&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;113,880&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;49,716&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;58,212&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;404,628&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;50,659&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;729,533&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td bgcolor="#FFFFFF" height="16" colspan="8"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#FFFFFF" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#FFFFFF" valign="bottom" colspan="6" align="center"&gt;Individual
 insurance&lt;/td&gt;
 &lt;td bgcolor="#FFFFFF" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Participating&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;Non-&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;participating&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Annuities&lt;br /&gt;
 and pensions&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Other insurance&lt;br /&gt;
 contract&lt;br /&gt;
 liabilities&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Other&lt;br /&gt;
 liabilities&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Capital&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Debt securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;27,473&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;56,765&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;26,331&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;23,012&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9,965&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;25,076&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;168,622&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Public equities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8,055&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,401&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;213&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;351&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;732&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,744&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;19,496&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Mortgages&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,110&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,008&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8,135&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,554&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18,311&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;75&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;44,193&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,277&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,823&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7,096&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7,070&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,272&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;191&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;29,729&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Real estate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,811&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,397&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,480&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,561&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;613&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;270&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;14,132&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;6,187&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;16,846&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;8,555&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;16,042&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;377,000&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;19,879&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;444,509&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;49,913&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;106,240&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;51,810&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;54,590&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;407,893&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;50,235&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;720,681&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Other insurance contract liabilities
 include group insurance and individual and group health including
 long-term care insurance.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Other liabilities are &lt;font style="WHITE-SPACE: nowrap"&gt;non-insurance&lt;/font&gt; contract liabilities
 which include segregated funds, bank deposits, long-term debt,
 deferred tax liabilities, derivatives, investment contracts,
 embedded derivatives and other miscellaneous liabilities.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Capital is defined in note 14.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfCarryingValueOfAssetsBackingNetInsuranceContractLiabilitiesOtherLiabilitiesAndCapitalExplanatory>
  <mfc:DisclosureOfAnnualReviewOfActuarialMethodsAndAssumptionsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_D166DE05-72EB-412D-B5BC-CB490714D0A6_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The 2017 full year review of
 actuarial methods and assumptions resulted in an increase in
 insurance and investment contract liabilities of $277, net of
 reinsurance, and a decrease in net income attributed to
 shareholders of $35 &lt;font style="WHITE-SPACE: nowrap"&gt;post-tax.&lt;/font&gt; These charges exclude the
 impacts of the U.S. Tax Reform and reducing the allocation to ALDA
 in the Company&amp;#x2019;s portfolio asset mix. The charge to net
 income in the fourth quarter of 2017 for these two items was
 $2.8&amp;#xA0;billion, which primarily related to the &lt;font style="WHITE-SPACE: nowrap"&gt;post-tax&lt;/font&gt; change in policy liabilities.
 Refer to notes 6 and 8(g) for further details.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="62%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="7%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Change&amp;#xA0;in&amp;#xA0;gross&lt;br /&gt;
 insurance and&lt;br /&gt;
 investment&lt;br /&gt;
 contract&amp;#xA0;liabilities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Change&amp;#xA0;in&amp;#xA0;insurance&lt;br /&gt;
 and investment&lt;br /&gt;
 contract liabilities&lt;br /&gt;
 net of reinsurance&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Change&amp;#xA0;in&amp;#xA0;net&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;income&amp;#xA0;attributed&lt;br /&gt;
 to shareholders&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;(post-tax)&lt;/font&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Mortality and morbidity updates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;(219&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;(254&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;299&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Lapses and policyholder behaviour&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;1,057&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;1,019&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;(783&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other updates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 ALDA and public equity investment return assumptions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;1,403&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;1,296&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;(892&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Corporate spread assumptions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;(554&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;(515&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;344&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Refinements to liability and tax cash flows&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;(1,273&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;(1,049&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;696&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;&lt;b&gt;(90&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;&lt;b&gt;(220&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;&lt;b&gt;301&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net impact&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;324&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;277&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;(35)&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The $277 increase in insurance and
 investment contract liabilities net of reinsurance, included an
 increase in net liabilities associated with participating insurance
 business resulting in a charge to net income attributed to
 participating policyholders of $88.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The 2016 full year review of
 actuarial methods and assumptions resulted in an increase in
 insurance and investment contract liabilities of $655, net of
 reinsurance, and a decrease in net income attributed to
 shareholders of $453 &lt;font style="WHITE-SPACE: nowrap"&gt;post-tax.&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="64%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Change&amp;#xA0;in&amp;#xA0;gross&lt;br /&gt;
 insurance and&lt;br /&gt;
 investment&lt;br /&gt;
 contract&amp;#xA0;liabilities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Change&amp;#xA0;in&amp;#xA0;insurance&lt;br /&gt;
 and investment&lt;br /&gt;
 contract liabilities&lt;br /&gt;
 net of reinsurance&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Change&amp;#xA0;in&amp;#xA0;net&lt;br /&gt;
 income&amp;#xA0;attributed&lt;br /&gt;
 to shareholders&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;(post-tax)&lt;/font&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 JH Long-Term Care triennial review&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;696&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;696&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(452&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Mortality and morbidity updates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(12&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(53&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;76&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Lapses and policyholder behaviour&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 U.S. Variable Annuities guaranteed minimum withdrawal benefit
 incidence and utilization&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,024&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,024&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;665&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other lapses and policyholder behaviour&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;516&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;431&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(356&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Economic reinvestment assumptions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;459&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;443&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(313&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other updates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;719&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;162&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(73&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net impact&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;1,354&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;655&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;(453&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfAnnualReviewOfActuarialMethodsAndAssumptionsExplanatory>
  <mfc:DisclosureOfInvestmentIncomeExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_A26A9306-49FE-4B1D-8645-07B0887019F7_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(c)
 Investment income&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="58%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;FVTPL&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;AFS&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Other&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 Yields&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Cash and short-term securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;0.9%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;153&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;160&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains (losses)&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;22&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(47&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(25&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Debt securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5.4%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;5,102&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;577&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,679&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains (losses)&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,690&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(205&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,485&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Recovery (impairment loss), net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;16&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;15&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Public equities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16.6%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Dividend income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;524&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;79&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;603&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,372&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;226&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,598&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impairment loss&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(14&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(14&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Mortgages&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3.9%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,685&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,685&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;69&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;69&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Provision, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(32&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(32&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5.3%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,553&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,553&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;43&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;43&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impairment loss, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Policy loans&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;365&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;365&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6.1%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Loans to Bank clients&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4.0%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;68&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;68&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Real estate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6.2%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Rental income, net of depreciation&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;517&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;517&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;341&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;341&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impairment loss&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(4&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(4&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Derivatives&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;n/a&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;809&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;84&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;893&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains (losses)&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,029&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;84&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(945&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other invested assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;10.3%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;174&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;174&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Oil and gas, timber, agriculture and other income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,690&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,690&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains (losses)&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;441&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(7&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;50&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;484&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impairment loss, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(45&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(45&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total investment income&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;11,954&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;761&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6,652&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;19,367&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6.0%&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Investment income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,918&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;730&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,929&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;10,577&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3.3%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Dividend, rental and other income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;524&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;79&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,207&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,810&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;0.9%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impairments, provisions and recoveries, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;16&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(15&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(71&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(70&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;0.0%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;460&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(51&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(77&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;332&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;0.1%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6,918&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;743&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5,988&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;13,649&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Realized and unrealized gains (losses) on assets supporting
 insurance and investment contract liabilities and on macro equity
 hedges&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Debt securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,694&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(8&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,686&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1.1%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Public equities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,200&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;35&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,235&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;0.7%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Mortgages&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;69&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;69&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;0.0%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;40&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;40&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;0.0%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Real estate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;350&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;350&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;0.1%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other invested assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;329&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(9&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;121&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;441&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;0.1%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Derivatives, including macro equity hedging program&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,187&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;84&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,103&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(0.3%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5,036&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;18&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;664&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5,718&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total investment income&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;11,954&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;761&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;6,652&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;19,367&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6.0%&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 12px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="57%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;FVTPL&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;AFS&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Other&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Yields&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Cash and short-term securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;0.7%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;117&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;124&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains (losses)&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(18&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Debt securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.7%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,051&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;588&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,639&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,658&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;548&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,206&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Recovery (impairment loss), net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(18&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(18&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Public equities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10.6%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Dividend income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;534&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;58&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;592&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,008&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;201&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,209&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impairment loss&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(48&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(48&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Mortgages&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.1%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,667&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,667&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains (losses)&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;81&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;81&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Provision, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(7&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(7&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5.4%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,494&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,494&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;17&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;17&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impairment loss, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(50&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(50&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Policy loans&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;358&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;358&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6.1%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Loans to Bank clients&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3.9%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;68&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;68&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Real estate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.9%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Rental income, net of depreciation&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;523&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;523&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;160&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;160&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Derivatives&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;n/a&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,115&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(33&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,082&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Losses&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2,597&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2,597&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other invested assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10.3%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;103&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;103&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Oil and gas, timber, agriculture and other income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,162&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,162&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;634&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;207&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;842&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impairment loss, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(83&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(83&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total investment income&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;7,410&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;1,447&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;5,667&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;14,524&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;4.7%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Investment income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,173&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;703&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,657&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,533&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3.4%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Dividend, rental and other income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;534&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;58&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,685&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,277&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;0.7%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impairments and provisions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(18&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(48&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(140&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(206&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(0.1%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(6&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;707&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;85&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;786&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;0.2%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;6,683&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;1,420&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;5,287&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;13,390&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Realized and unrealized gains (losses) on assets supporting
 insurance and investment contract liabilities and on macro equity
 hedges&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Debt securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,657&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,662&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;0.5%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Public equities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;963&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;22&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;985&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;0.3%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Mortgages&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;80&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;80&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;0.0%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;0.0%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Real estate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;128&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;128&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;0.0%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other invested assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;688&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;160&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;848&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;0.3%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Derivatives, including macro equity hedging program&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(2,581&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(2,581&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(0.8%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;727&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;27&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;380&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;1,134&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total investment income&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;7,410&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;1,447&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;5,667&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;14,524&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;4.7%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Primarily includes loans carried at
 amortized cost, own use properties, investment properties,
 derivative and hedging instruments in cash flow hedging
 relationships, equity method accounted investments, oil and gas
 investments, and leveraged leases.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Yields are based on income and are
 calculated using the geometric average of the carrying value of
 assets held during the reporting year.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Includes net realized gains (losses)
 as well as net unrealized gains (losses) for financial instruments
 at FVTPL, real estate investment properties, and other invested
 assets measured at fair value. Also includes net realized gains
 (losses) for financial instruments at AFS and other invested assets
 carried at amortized cost.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Rental income from investment
 properties is net of direct operating expenses.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfInvestmentIncomeExplanatory>
  <mfc:DisclosureOfPledgeOfAssetsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_C9480FD5-26AC-41E3-8A03-84385F699478_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The amounts pledged were as
 follows.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="60%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="8"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="2"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="8"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6" align="center"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Debt securities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Other&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Debt securities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Other&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 In respect of:&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Derivatives&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;3,189&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;44&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,678&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;99&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Regulatory requirements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;398&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;86&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;409&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;78&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Real estate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;22&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Repurchase agreements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;228&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;255&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 &lt;font style="WHITE-SPACE: nowrap"&gt;Non-registered&lt;/font&gt; retirement
 plans in trust&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;412&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;464&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;271&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;3&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;174&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,818&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;815&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;5,345&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;837&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfPledgeOfAssetsExplanatory>
  <mfc:DisclosureOfSegregatedFundsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_69818A5E-5CE9-4570-93C6-D274D8B9449F_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#2A517F"&gt;&lt;b&gt;Note
 22&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;Segregated Funds&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company manages a number of
 segregated funds on behalf of policyholders. Policyholders are
 provided with the opportunity to invest in different categories of
 segregated funds that respectively hold a range of underlying
 investments. The Company retains legal title to the underlying
 investments; however, returns from these investments belong to the
 policyholders. Accordingly, the Company does not bear the risk
 associated with these assets outside of guarantees offered on
 certain variable life and annuity products. The &amp;#x201C;Risk
 Management&amp;#x201D; section of the Company&amp;#x2019;s 2017 MD&amp;amp;A
 provides information regarding the variable annuity and segregated
 fund guarantees.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The composition of net assets by
 categories of segregated funds was within the following ranges for
 the years ended December&amp;#xA0;31,&amp;#xA0;2017 and 2016.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="76%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6" align="center"&gt;Ranges in per cent&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font style="FONT-SIZE: 8pt"&gt;&lt;b&gt;Type of fund&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Money market funds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2%&amp;#xA0;to&amp;#xA0;3%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2% to 3%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Fixed income funds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;14%&amp;#xA0;to&amp;#xA0;15%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;14% to 15%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Balanced funds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;22% to
 29%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;22%&amp;#xA0;to&amp;#xA0;24%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity funds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;55% to 60%&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;59% to 61%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Money market funds consist of
 investments that have a term to maturity of less than one year.
 Fixed income funds primarily consist of investments in fixed grade
 income securities and may contain smaller investments in
 diversified equities or high-yield bonds. Relative to fixed income
 funds, balanced funds consist of fixed income securities and a
 larger equity investment component. The types of equity funds
 available to policyholders range from low volatility equity funds
 to aggressive equity funds. Equity funds invest in a varying mix of
 Canadian, U.S. and global equities.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The underlying investments of the
 segregated funds consist of both individual securities and mutual
 funds (collectively &amp;#x201C;net assets&amp;#x201D;), some of which may be
 structured entities. The carrying value and change in segregated
 funds net assets are as follows.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Segregated funds net assets&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="79%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Investments at market value&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Cash and short-term securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,756&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,524&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Debt securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;15,472&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;15,651&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Equities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,624&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,458&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Mutual funds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;288,007&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;278,966&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other investments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,514&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,552&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Accrued investment income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;201&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;201&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other assets and liabilities, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(766&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(644&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total segregated funds net assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;324,808&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;315,708&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Composition of segregated funds net assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Held by policyholders&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;324,307&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;315,177&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Held by the Company&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;501&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;531&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total segregated funds net assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;324,808&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;315,708&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Fair value related information of
 segregated funds is disclosed in note 4(g).&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Changes
 in segregated funds net assets&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="79%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net policyholder cash flow&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Deposits from policyholders&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;34,776&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;33,130&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net transfers to general fund&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,734&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(878&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Payments to policyholders&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(45,970&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(39,731&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(12,928&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(7,479&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Investment related&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest and dividends&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16,930&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;15,736&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net realized and unrealized investment gains&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;24,384&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;4,097&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;41,314&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;19,833&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Other&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Management and administration fees&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(4,496&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(4,386&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Impact of changes in foreign exchange rates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(14,790&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(6,007&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(19,286&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(10,393&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net additions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;9,100&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,961&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Segregated funds net assets, beginning of year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;315,708&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;313,747&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Segregated funds net assets, end of year&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;324,808&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;315,708&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Segregated funds assets may be
 exposed to a variety of financial and other risks. These risks are
 primarily mitigated by investment guidelines that are actively
 monitored by professional and experienced portfolio advisors. The
 Company is not exposed to these risks beyond the liabilities
 related to the guarantees associated with certain variable life and
 annuity products. Accordingly, the Company&amp;#x2019;s exposure to loss
 from segregated fund products is limited to the value of these
 guarantees.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;These guarantee liabilities are
 recorded within the Company&amp;#x2019;s insurance contract liabilities.
 Assets supporting these guarantees are recognized in invested
 assets according to their investment type.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</mfc:DisclosureOfSegregatedFundsExplanatory>
  <mfc:DisclosureOfCapitalInstrumentsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_834BA26A-A57D-421E-B2AB-B03E1FC21D08_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(a)
 Carrying value of capital instruments&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="35%"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="2"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="2"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="2"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 Issuance date&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 Earliest par redemption&lt;br /&gt;
 date&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 Maturity date&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Par value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 4.165% MLI Subordinated debentures&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;February&amp;#xA0;17, 2012&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;June&amp;#xA0;1, 2017&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;June&amp;#xA0;1, 2022&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;500&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;499&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 3.938% MLI Subordinated debentures&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;September&amp;#xA0;21,&amp;#xA0;2012&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;September&amp;#xA0;21,&amp;#xA0;2017&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;September&amp;#xA0;21,&amp;#xA0;2022&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;400&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;407&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 2.819% MLI Subordinated debentures&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;February&amp;#xA0;25, 2013&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;February&amp;#xA0;26, 2018&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;February&amp;#xA0;26, 2023&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;200&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;200&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;200&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 2.926% MLI Subordinated debentures&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;November&amp;#xA0;29, 2013&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;November&amp;#xA0;29, 2018&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;November&amp;#xA0;29, 2023&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;250&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;250&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;249&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 2.811% MLI Subordinated debentures&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;February&amp;#xA0;21, 2014&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;February&amp;#xA0;21, 2019&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;February&amp;#xA0;21, 2024&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;500&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;499&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;499&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 7.535% MFCT II Senior debenture notes&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;July&amp;#xA0;10, 2009&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;December&amp;#xA0;31, 2019&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;December&amp;#xA0;31, 2108&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;$&amp;#xA0;1,000&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,000&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,000&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 2.64% MLI Subordinated debentures&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;December&amp;#xA0;1, 2014&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;January&amp;#xA0;15, 2020&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;January&amp;#xA0;15, 2025&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;500&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;499&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;499&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 2.10% MLI Subordinated debentures&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;March&amp;#xA0;10, 2015&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;June&amp;#xA0;1, 2020&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;June&amp;#xA0;1, 2025&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;750&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;748&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;747&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 2.389% MLI Subordinated debentures&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;June&amp;#xA0;1, 2015&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;January&amp;#xA0;5, 2021&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;January&amp;#xA0;5, 2026&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;350&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;349&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;349&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 3.85% MFC Subordinated notes&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;May&amp;#xA0;25, 2016&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;May&amp;#xA0;25, 2021&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;May&amp;#xA0;25, 2026&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 S$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;500&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;467&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;461&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 3.181% MLI Subordinated debentures&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;November&amp;#xA0;20, 2015&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;November&amp;#xA0;22, 2022&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;November&amp;#xA0;22, 2027&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;$&amp;#xA0;1,000&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;996&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;996&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 3.049% MFC Subordinated debentures&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;August&amp;#xA0;18, 2017&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;August&amp;#xA0;20, 2024&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;August&amp;#xA0;20, 2029&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;750&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;746&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 3.00% MFC Subordinated notes&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;November&amp;#xA0;21, 2017&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;November&amp;#xA0;21, 2024&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;November&amp;#xA0;21, 2024&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 S$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;500&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;467&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 4.061% MFC Subordinated notes&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(7)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;February&amp;#xA0;24, 2017&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;February&amp;#xA0;24, 2027&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;February&amp;#xA0;24, 2032&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 US$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;750&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;935&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 7.375% JHUSA Surplus notes&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(8)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;February&amp;#xA0;25, 1994&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;n/a&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;February&amp;#xA0;15, 2024&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 US$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;450&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;584&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;627&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 JHFC Subordinated notes&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(9)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 December&amp;#xA0;14, 2006&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 n/a&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 December&amp;#xA0;15, 2036&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;$&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;650&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;647&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;647&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;8,387&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;7,180&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="2%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;MLI redeemed in full the 4.165%
 subordinated debentures at par, on June&amp;#xA0;1, 2017, the earliest
 par redemption date.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="2%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;MLI redeemed in full the 3.938%
 subordinated debentures, originally issued by Standard Life
 Assurance Company of Canada at par, on September&amp;#xA0;21, 2017, the
 earliest par redemption date.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="2%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Interest is fixed for the period up
 to the earliest par redemption date, thereafter the interest rate
 will reset to a floating rate equal to the &lt;font style="WHITE-SPACE: nowrap"&gt;90-day&lt;/font&gt; Bankers&amp;#x2019; Acceptance rate
 plus a specified number of basis points and is payable quarterly.
 The specified number of basis points is as follows: 2.819% &amp;#x2013;
 95 bps, 2.926% &amp;#x2013; 85 bps, 2.811% &amp;#x2013; 80 bps, 2.64% &amp;#x2013;
 73 bps, 2.10% &amp;#x2013; 72 bps, 2.389% &amp;#x2013; 83 bps, 3.181% &amp;#x2013;
 157 bps. With regulatory approval, MLI may redeem the debentures,
 in whole or in part, on or after the earliest par redemption date,
 at a redemption price equal to par, together with accrued and
 unpaid interest.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="2%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Issued by MLI to Manulife Financial
 Capital Trust II (MFCT II), a wholly owned unconsolidated related
 party to the Company. On the earliest par redemption date and on
 every fifth anniversary thereafter (each, a &amp;#x201C;Interest Reset
 Date&amp;#x201D;), the rate of interest will reset to equal the yield on
 &lt;font style="WHITE-SPACE: nowrap"&gt;5-year&lt;/font&gt; Government of
 Canada bonds plus 5.2%. With regulatory approval, MLI may redeem
 the debentures, in whole or in part, on the earliest par redemption
 date and on any Interest Reset Date, at a redemption price equal to
 par, together with accrued and unpaid interest. The redemption
 price for the debentures redeemed on any day that is not an
 Interest Reset Date will be equal to the greater of par or the fair
 value of the debt based on the yield on uncallable Government of
 Canada bonds to the next Interest Reset Date plus (a) 1.0325% if
 the redemption date is on or after December&amp;#xA0;31, 2014, but
 prior to December&amp;#xA0;31, 2019, or (b) 2.065% if the redemption
 date is after December&amp;#xA0;31, 2019, together with accrued and
 unpaid interest. Refer to note&amp;#xA0;17.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="2%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;On the earliest par redemption date,
 the interest rate will reset to equal the &lt;font style="WHITE-SPACE: nowrap"&gt;5-year&lt;/font&gt; Singapore Dollar Swap Rate plus
 a specified number of basis points. The specified number of basis
 points is as follows: 3.85% &amp;#x2013; 197 bps, 3.00% &amp;#x2013; 83.2
 bps. With regulatory approval, MFC may redeem the debentures, in
 whole, but not in part, on the earliest par redemption date and
 thereafter on each interest payment date, at a redemption price
 equal to par, together with accrued and unpaid interest.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="2%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Interest is fixed for the period up
 to the earliest par redemption date, thereafter, the interest rate
 will reset to a floating rate equal to the &lt;font style="WHITE-SPACE: nowrap"&gt;90-day&lt;/font&gt; Bankers&amp;#x2019; Acceptance rate
 plus 105 basis points. With regulatory approval, MFC may redeem the
 debentures, in whole or in part, on or after the earliest par
 redemption date, at a redemption price equal to par, together with
 accrued and unpaid interest.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="2%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(7)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;On the earliest par redemption date,
 the interest rate will reset to equal the &lt;font style="WHITE-SPACE: nowrap"&gt;5-Year&lt;/font&gt; US&amp;#xA0;Dollar &lt;font style="WHITE-SPACE: nowrap"&gt;Mid-Swap&lt;/font&gt; Rate plus 1.647%. With
 regulatory approval, MFC may redeem the debentures, in whole, but
 not in part, on the earliest par redemption date, at a redemption
 price equal to par, together with accrued and unpaid interest.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="2%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(8)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Issued by John Hancock Mutual Life
 Insurance Company, now John Hancock Life Insurance Company
 (U.S.A.). Any payment of interest or principal on the surplus notes
 requires prior approval from the Department of Insurance and
 Financial Services of the State of Michigan. The carrying value of
 the surplus notes reflects an unamortized fair value increment of
 US$23 (2016 &amp;#x2013; US$26), which arose as a result of the
 acquisition of John Hancock Financial Services, Inc. The
 amortization of the fair value adjustment is recorded in interest
 expense.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="2%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(9)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Issued by Manulife Holdings
 (Delaware) LLC (&amp;#x201C;MHDLL&amp;#x201D;), now John Hancock Financial
 Corporation (&amp;#x201C;JHFC&amp;#x201D;), a wholly owned subsidiary of MFC,
 to Manulife Finance (Delaware) LLC (&amp;#x201C;MFLLC&amp;#x201D;), a
 subsidiary of Manulife Finance (Delaware) L.P.
 (&amp;#x201C;MFLP&amp;#x201D;). MFLP and its subsidiaries are wholly owned
 unconsolidated related parties to the Company. The note bears
 interest at a floating rate equal to the &lt;font style="WHITE-SPACE: nowrap"&gt;90-day&lt;/font&gt; Bankers&amp;#x2019; Acceptance rate
 plus 0.72%. With regulatory approval, JHFC may redeem the note, in
 whole or in part, at any time, at par, together with accrued and
 unpaid interest. Refer to note&amp;#xA0;17.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfCapitalInstrumentsExplanatory>
  <mfc:DisclosureOfComparativesExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_7A67DD61-E7DC-43A7-8F2A-173A65AE533F_1_0">&lt;div&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#2A517F"&gt;&lt;b&gt;Note
 24&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;Comparatives&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Certain comparative amounts have
 been reclassified to conform to the current year&amp;#x2019;s
 presentation.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</mfc:DisclosureOfComparativesExplanatory>
  <mfc:DisclosureOfReconciliationOfNumberOfSharesOutstandingExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_FA561E8C-B1E5-4462-B65F-327491FF096F_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following is a reconciliation of the denominator (number of
 shares) in the calculation of basic and diluted earnings per
 share.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="78%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Weighted average number of common shares (in millions)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,978&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,973&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Dilutive stock-based awards&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&amp;#xA0;(in
 millions)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;8&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;4&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Weighted average number of diluted common shares (in
 millions)&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,986&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;1,977&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 4pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The dilutive effect of stock-based
 awards was calculated using the treasury stock method. This method
 calculates the number of incremental shares by assuming the
 outstanding stock-based awards are (i)&amp;#xA0;exercised and
 (ii)&amp;#xA0;then reduced by the number of shares assumed to be
 repurchased from the issuance proceeds, using the average market
 price of MFC common shares for the year. Excluded from the
 calculation was a weighted average of 2&amp;#xA0;million (2016 &amp;#x2013;
 14 million) anti-dilutive stock-based awards.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;


 &lt;/div&gt;</mfc:DisclosureOfReconciliationOfNumberOfSharesOutstandingExplanatory>
  <mfc:DisclosureOfIssuedCapitalAndEarningsPerShareExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_3052BF1F-DF57-4C11-811C-C8F2B66CA405_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#2A517F"&gt;&lt;b&gt;Note 13&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;Share
 Capital and Earnings Per Share&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The authorized capital of MFC consists of:&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: &amp;quot;Times New Roman&amp;quot;" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 10px; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;an unlimited number of common shares
 without nominal or par value; and&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: &amp;quot;Times New Roman&amp;quot;" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 10px; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;an unlimited number of Class&amp;#xA0;A,
 Class&amp;#xA0;B and Class&amp;#xA0;1 preferred shares without nominal or
 par value, issuable in series.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(a) Preferred shares&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The changes in issued and outstanding preferred shares are as
 follows.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="62%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="8"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="8"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;2016&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Number&amp;#xA0;of&lt;br /&gt;
 shares&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(in&amp;#xA0;millions)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Amount&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Number&amp;#xA0;of&lt;br /&gt;
 shares&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(in&amp;#xA0;millions)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Amount&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Balance, January&amp;#xA0;1&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;146&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;3,577&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;110&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;2,693&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Issued, Class&amp;#xA0;1 shares, Series 21&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;17&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;425&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Converted, Class&amp;#xA0;1 shares, Series 3&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(42&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Issued, Class&amp;#xA0;1 shares, Series 4&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;42&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Issued, Class&amp;#xA0;1 shares, Series 23&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;19&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;475&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Issuance costs, net of tax&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(16&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Balance, December&amp;#xA0;31&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;146&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,577&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;146&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;3,577&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents additional information on the
 preferred shares outstanding as at December&amp;#xA0;31, 2017.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="38%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Issue date&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Annual&lt;br /&gt;
 dividend&lt;br /&gt;
 rate&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Earliest redemption&lt;br /&gt;
 date&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Number&amp;#xA0;of&lt;br /&gt;
 shares&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(in&amp;#xA0;millions)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Face&lt;br /&gt;
 amount&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Net&lt;br /&gt;
 amount&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Class&amp;#xA0;A preferred shares&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 2&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;February&amp;#xA0;18,&amp;#xA0;2005&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.65%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;n/a&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;14&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;350&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;344&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 3&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;January&amp;#xA0;3, 2006&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.50%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;n/a&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;300&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;294&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Class&amp;#xA0;1 preferred shares&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 3&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(4),(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;March&amp;#xA0;11, 2011&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2.178%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;June&amp;#xA0;19, 2021&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;158&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;155&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 4&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;June&amp;#xA0;20, 2016&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;floating&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;n/a&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;42&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;41&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 5&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(4),(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;December&amp;#xA0;6,&amp;#xA0;2011&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3.891%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;December&amp;#xA0;19, 2021&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;200&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;195&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 7&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(4),(5),(7)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;February&amp;#xA0;22, 2012&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.312%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;March&amp;#xA0;19, 2022&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;250&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;244&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 9&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(4),(5),(8)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;May&amp;#xA0;24, 2012&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.351%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;September&amp;#xA0;19, 2022&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;250&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;244&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 11&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(4),(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;December&amp;#xA0;4, 2012&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.00%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;March&amp;#xA0;19, 2018&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;200&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;196&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 13&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(4),(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;June&amp;#xA0;21, 2013&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3.80%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;September&amp;#xA0;19,&amp;#xA0;2018&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;200&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;196&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 15&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(4),(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;February&amp;#xA0;25, 2014&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3.90%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;June&amp;#xA0;19, 2019&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;200&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;195&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 17&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(4),(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;August&amp;#xA0;15, 2014&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3.90%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;December&amp;#xA0;19, 2019&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;14&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;350&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;343&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 19&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(4),(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;December&amp;#xA0;3, 2014&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3.80%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;March&amp;#xA0;19, 2020&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;250&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;246&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 21&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(4),(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;February&amp;#xA0;25, 2016&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5.60%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;June&amp;#xA0;19, 2021&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;17&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;425&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;417&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 23&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(4),(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;November&amp;#xA0;22,&amp;#xA0;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;4.85%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;March&amp;#xA0;19, 2022&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;19&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;475&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;467&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;146&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;3,650&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;3,577&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Holders of Class&amp;#xA0;A and
 Class&amp;#xA0;1 preferred shares are entitled to
 receive&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;non-cumulative&lt;/font&gt;&amp;#xA0;preferential
 cash dividends on a quarterly basis, as and when declared by the
 Board of Directors.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Redemption of all preferred shares is
 subject to regulatory approval. With the exception of Class&amp;#xA0;A
 Series 2, Class&amp;#xA0;A Series 3 and Class&amp;#xA0;1 Series 4 preferred
 shares, MFC may redeem each series, in whole or in part, at par, on
 the earliest redemption date or every five years thereafter.
 Class&amp;#xA0;A Series 2 and Series 3 preferred shares are past their
 respective earliest redemption date and MFC may redeem these
 shares, in whole or in part, at par at any time, subject to
 regulatory approval, as noted. MFC may redeem the Class&amp;#xA0;1
 Series 4, in whole or in part, at any time, at $25.00 per share if
 redeemed on June&amp;#xA0;19, 2021 and on June&amp;#xA0;19 every five years
 thereafter, or at $25.50 per share if redeemed on any other date
 after June&amp;#xA0;19, 2016, subject to regulatory approval, as
 noted.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Net of&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;after-tax&lt;/font&gt;&amp;#xA0;issuance
 costs.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;On the earliest redemption date and
 every five years thereafter, the annual dividend rate will be reset
 to the five year Government of Canada bond yield plus a yield
 specified for each series. The specified yield for Class&amp;#xA0;1
 shares is: Series 3 &amp;#x2013; 1.41%, Series 5 &amp;#x2013; 2.90%, Series 7
 &amp;#x2013; 3.13%, Series 9 &amp;#x2013; 2.86%, Series 11 &amp;#x2013; 2.61%,
 Series&amp;#xA0;13&amp;#xA0;&amp;#x2013;&amp;#xA0;2.22%, Series 15 &amp;#x2013; 2.16%,
 Series 17 &amp;#x2013; 2.36%, Series 19 &amp;#x2013; 2.30%, Series 21 &amp;#x2013;
 4.97% and Series 23 &amp;#x2013; 3.83%.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;On the earliest redemption date and
 every five years thereafter, Class&amp;#xA0;1 preferred shares are
 convertible at the option of the holder into a new series that is
 one number higher than their existing series, and the holders are
 entitled to&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;non-cumulative&lt;/font&gt;&amp;#xA0;preferential
 cash dividends, payable quarterly if and when declared by the Board
 of Directors, at a rate equal to the three month Government of
 Canada Treasury bill yield plus the rate specified in footnote 4
 above.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The floating dividend rate for the
 Class&amp;#xA0;1 Shares Series 4 will equal the three month Government
 of Canada Treasury bill yield plus 1.41%.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(7)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;MFC did not exercise its right to
 redeem all or any of the outstanding Class&amp;#xA0;1 Shares Series 7
 on March&amp;#xA0;19, 2017 (the earliest redemption date). Dividend
 rate for Class&amp;#xA0;1 Shares Series 7 was reset as specified in
 footnote 4 above to an annual fixed rate of 4.312% for a five year
 period commencing on March&amp;#xA0;20, 2017.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(8)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;MFC did not exercise its right to
 redeem all or any of the outstanding Class&amp;#xA0;1 Shares Series 9
 on September&amp;#xA0;19, 2017 (the earliest redemption date). Dividend
 rate for Class&amp;#xA0;1 Shares Series 9 was reset as specified in
 footnote 4 above to an annual fixed rate of 4.351% for a five year
 period commencing on September&amp;#xA0;20, 2017.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(b) Common shares&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The changes in common shares issued and outstanding are as
 follows.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="61%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="8"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="8"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;2016&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Number&amp;#xA0;of&lt;br /&gt;
 shares&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(in&amp;#xA0;millions)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Amount&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Number&amp;#xA0;of&lt;br /&gt;
 shares&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(in&amp;#xA0;millions)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Amount&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Balance, January&amp;#xA0;1&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,975&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;22,865&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,972&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;22,799&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Issued on exercise of stock options and deferred share units&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;124&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;3&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;66&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,982&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;22,989&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;1,975&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;22,865&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 14pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(c) Earnings per share&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents basic and diluted earnings per common
 share of the Company.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="78%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Basic earnings per common share&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;0.98&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1.42&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Diluted earnings per common share&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;0.98&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1.41&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following is a reconciliation of the denominator (number of
 shares) in the calculation of basic and diluted earnings per
 share.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="78%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Weighted average number of common shares (in millions)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,978&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,973&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Dilutive stock-based awards&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&amp;#xA0;(in
 millions)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;8&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;4&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Weighted average number of diluted common shares (in
 millions)&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,986&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;1,977&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 4pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The dilutive effect of stock-based
 awards was calculated using the treasury stock method. This method
 calculates the number of incremental shares by assuming the
 outstanding stock-based awards are (i)&amp;#xA0;exercised and
 (ii)&amp;#xA0;then reduced by the number of shares assumed to be
 repurchased from the issuance proceeds, using the average market
 price of MFC common shares for the year. Excluded from the
 calculation was a weighted average of 2&amp;#xA0;million (2016 &amp;#x2013;
 14 million) anti-dilutive stock-based awards.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(d) Quarterly dividend declaration
 subsequent to year end&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 On February&amp;#xA0;7, 2018, the Company&amp;#x2019;s Board of Directors
 approved a quarterly dividend of $0.22 per share on the common
 shares of MFC, payable on or after March&amp;#xA0;19, 2018 to
 shareholders of record at the close of business on
 February&amp;#xA0;21, 2018.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Board also declared dividends on the
 following&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;non-cumulative&lt;/font&gt;&amp;#xA0;preferred
 shares, payable on or after March&amp;#xA0;19, 2018 to shareholders of
 record at the close of business on February&amp;#xA0;21, 2018.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="51%"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td width="48%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Class&amp;#xA0;A Shares Series 2&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.29063 per
 share&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;Class&amp;#xA0;1 Shares Series
 11&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.25 per share&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Class&amp;#xA0;A Shares Series 3&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.28125 per
 share&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;Class&amp;#xA0;1 Shares Series
 13&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.2375 per share&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Class&amp;#xA0;1 Shares Series 3&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.136125 per
 share&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;Class&amp;#xA0;1 Shares Series
 15&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.24375 per share&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Class&amp;#xA0;1 Shares Series 4&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.141103 per
 share&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;Class&amp;#xA0;1 Shares Series
 17&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.24375 per share&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Class&amp;#xA0;1 Shares Series 5&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.243188 per
 share&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;Class&amp;#xA0;1 Shares Series
 19&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.2375 per share&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Class&amp;#xA0;1 Shares Series 7&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.2695 per
 share&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;Class&amp;#xA0;1 Shares Series
 21&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.35 per share&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Class&amp;#xA0;1 Shares Series 9&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.271938 per
 share&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 Class&amp;#xA0;1 Shares Series 23&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.303125 per
 share&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;br class="Apple-interchange-newline" /&gt;

 &lt;/div&gt;</mfc:DisclosureOfIssuedCapitalAndEarningsPerShareExplanatory>
  <mfc:DisclosureOfCondensedConsolidatedStatementOfIncomeExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_48526C88-04BD-427B-9F11-5A25F306843B_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Condensed
 Consolidated Statement of Income&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="47%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;MFC&lt;br /&gt;
 (Guarantor)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;JHUSA&lt;br /&gt;
 (Issuer)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Other&lt;br /&gt;
 subsidiaries&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Consolidation&lt;br /&gt;
 adjustments&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Consolidated&lt;br /&gt;
 MFC&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Revenue&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net premium income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;11,084&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;17,130&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(4&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;28,210&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net investment income (loss)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;178&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,986&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;11,947&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(744&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;19,367&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net other revenue&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,874&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10,912&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(3,044&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10,746&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total revenue&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;182&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;21,944&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;39,989&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(3,792&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;58,323&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Contract benefits and expenses&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net benefits and claims&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;20,803&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;19,179&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(681&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;39,301&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Commissions, investment and general expenses&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;11&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,208&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;13,900&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(2,097&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;15,022&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other expenses&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;404&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;194&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,915&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,014&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,499&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total contract benefits and expenses&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;415&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;24,205&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;34,994&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(3,792&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;55,822&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Income (loss) before income taxes&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(233&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(2,261&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,995&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,501&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Income tax (expense) recovery&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;62&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,134&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,435&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(239&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Income (loss) after income taxes&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(171&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,127&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,560&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;2,262&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity in net income (loss) of unconsolidated subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,275&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;628&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(486&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2,417&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net income (loss)&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;2,104&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(499&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,074&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;(2,417&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,262&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net income (loss) attributed to:&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 &lt;font style="WHITE-SPACE: nowrap"&gt;Non-controlling&lt;/font&gt;
 interests&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;194&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;194&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Participating policyholders&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(10&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(36&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(36&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Shareholders&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,104&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(489&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,916&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2,427&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,104&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,104&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(499&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,074&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2,417&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;2,262&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 12pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Condensed
 Consolidated Statement of Income&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="47%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;MFC&lt;br /&gt;
 (Guarantor)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;JHUSA&lt;br /&gt;
 (Issuer)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Other&lt;br /&gt;
 subsidiaries&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Consolidation&lt;br /&gt;
 adjustments&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Consolidated&lt;br /&gt;
 MFC&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Revenue&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net premium income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,021&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;22,611&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;27,632&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net investment income (loss)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;475&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,191&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9,092&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,234&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;14,524&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net other revenue&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;43&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;2,569&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;11,108&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(2,539&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;11,181&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total revenue&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;518&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;13,781&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;42,811&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;(3,773&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;53,337&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Contract benefits and expenses&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net benefits and claims&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,340&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;24,748&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(954&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;34,134&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Commissions, investment and general expenses&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;11&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,272&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,016&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,840&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;14,459&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other expenses&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;259&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;59&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;2,076&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(979&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;1,415&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total contract benefits and expenses&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;270&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;13,671&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;39,840&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(3,773&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;50,008&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Income (loss) before income taxes&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;248&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;110&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,971&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,329&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Income tax (expense) recovery&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;28&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;251&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(475&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(196&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Income (loss) after income taxes&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;276&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;361&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,496&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,133&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity in net income (loss) of unconsolidated subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;2,653&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;211&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;572&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(3,436&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net income (loss)&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;2,929&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;572&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;3,068&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;(3,436&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;3,133&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net income (loss) attributed to:&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 &lt;font style="WHITE-SPACE: nowrap"&gt;Non-controlling&lt;/font&gt;
 interests&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;143&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;143&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Participating policyholders&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(48&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;61&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;48&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;61&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Shareholders&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;2,929&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;620&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;2,864&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(3,484&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;2,929&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;2,929&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;572&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;3,068&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;(3,436&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;3,133&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfCondensedConsolidatedStatementOfIncomeExplanatory>
  <mfc:DisclosureOfConsolidatedStatementOfCashFlowsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_149D4AFB-764E-4ADB-BE4A-0D922DD5C35D_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;strong&gt;Consolidated&lt;/strong&gt; &lt;strong&gt;Statement of Cash
 Flows&lt;/strong&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&amp;#xA0;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="54%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;MFC&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(Guarantor)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;JHUSA&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(Issuer)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Other&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Consolidation&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;adjustments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Consolidated&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;MFC&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Operating activities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net income (loss)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;2,104&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(499&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;3,074&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(2,417&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,262&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Adjustments:&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Equity in net income of unconsolidated subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(2,275&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(628&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;486&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,417&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Increase (decrease) in insurance contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16,877&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,146&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;20,023&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Increase (decrease) in investment contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;55&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;118&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;173&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 (Increase) decrease in reinsurance assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(1,890&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,159&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,269&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Amortization of (premium) discount on invested assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;24&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;206&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;230&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other amortization&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;123&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;433&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;560&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Net realized and unrealized (gains) losses and impairment on
 assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(7&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(2,609&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(4,572&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(7,188&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Deferred income tax expense (recovery)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(59&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(2,239&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,967&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(331&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Stock option expense&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(4&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;19&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;15&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Cash provided by (used in) operating activities before undernoted
 items&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(233&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;9,210&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;9,036&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;18,013&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Dividends from unconsolidated subsidiary&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,700&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;125&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,175&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(4,000&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Changes in policy related and operating receivables and
 payables&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(45&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(4,627&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,450&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(222&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Cash provided by (used in) operating activities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,422&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,708&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14,661&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(4,000&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;17,791&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Investing activities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Purchases and mortgage advances&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(30,645&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(56,579&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(87,224&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Disposals and repayments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;26,952&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;43,768&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;70,720&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Changes in investment broker net receivables and payables&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;182&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;45&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;227&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Investment in common shares of subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(2,473&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,473&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net cash decrease from sale and purchase of subsidiaries and
 businesses&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(10&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(10&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Capital contribution to unconsolidated subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(63&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;63&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Return of capital from unconsolidated subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;11&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(11&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Notes receivable from affiliates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;201&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(201&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Notes receivable from parent&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;368&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;24&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(392&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Notes receivable from subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(16&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(10&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;26&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Cash provided by (used in) investing activities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2,489&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(3,205&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(12,551&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,958&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(16,287&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Financing activities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Increase (decrease) in repurchase agreements and securities sold
 but not yet purchased&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(29&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(29&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Redemption of long-term debt&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(600&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(7&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(607&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Issue of capital instruments, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,209&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,209&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Redemption of capital instruments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(899&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(899&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Secured borrowings from securitization transactions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;741&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;741&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Changes in deposits from Bank clients, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;261&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;261&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Shareholders&amp;#x2019; dividends paid in cash&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,780&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,780&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Dividends paid to parent&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,175&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(2,825&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,000&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Contributions from (distributions to) &lt;font style="WHITE-SPACE: nowrap"&gt;non-controlling&lt;/font&gt; interests, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(6&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(6&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Common shares issued, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;124&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,473&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(2,473&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;124&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Capital contributions by parent&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;63&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(63&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Return of capital to parent&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(11&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;11&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Notes payable to affiliates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(201&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;201&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Notes payable to parent&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;26&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(26&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Notes payable to subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(24&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(368&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;392&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Cash provided by (used in) financing activities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(71&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,376&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(581&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,042&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Cash and short-term securities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Increase (decrease) during the year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(138&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;127&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,529&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,518&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Effect of foreign exchange rate changes on cash and
 short-term&amp;#xA0;securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(276&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(380&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(658&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Balance, beginning of year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;161&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,787&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10,290&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14,238&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Balance, end of year&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;21&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,638&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;11,439&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;15,098&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Cash and short-term securities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Beginning of year&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Gross cash and short-term securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;161&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,317&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;10,673&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;15,151&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net payments in transit, included in other liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(530&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(383&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(913&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net cash and short-term securities, beginning of year&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;161&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,787&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10,290&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14,238&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;End of year&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Gross cash and short-term securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;21&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,133&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;11,811&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;15,965&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net payments in transit, included in other liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(495&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(372&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(867&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net cash and short-term securities, end of year&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;21&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,638&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;11,439&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;15,098&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Supplemental disclosures on cash flow information:&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest received&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;273&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,391&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,504&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(572&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;10,596&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest paid&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;392&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;96&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,202&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(572&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,118&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Income taxes paid&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;99&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,084&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;177&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,360&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt; MARGIN-TOP: 12pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&amp;#xA0;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Consolidated Statement of Cash
 Flows&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&amp;#xA0;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="56%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;MFC&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(Guarantor)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;JHUSA&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(Issuer)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Other&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Consolidation&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;adjustments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Consolidated&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;MFC&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Operating activities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net income (loss)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,929&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;572&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,068&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(3,436&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,133&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Adjustments:&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Equity in net income of unconsolidated subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2,653&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(211&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(572&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,436&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Increase (decrease) in insurance contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,225&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,789&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18,014&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Increase (decrease) in investment contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;58&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(58&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 (Increase) decrease in reinsurance assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,444&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;602&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(842&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Amortization of (premium) discount on invested assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(5&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;83&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;78&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other amortization&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;284&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;407&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;693&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Net realized and unrealized (gains) losses and impairment on
 assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(9&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(917&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,878&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2,804&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Deferred income tax expense (recovery)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;391&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(629&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(235&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Stock option expense&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;20&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;19&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Cash provided by (used in) operating activities before undernoted
 items&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;272&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,952&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,832&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18,056&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Dividends from unconsolidated subsidiary&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,950&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;111&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2,061&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Changes in policy related and operating receivables and
 payables&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;171&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(1,291&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;81&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(1,039&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Cash provided by (used in) operating activities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;2,393&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;2,772&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;13,913&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(2,061&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;17,017&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Investing activities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Purchases and mortgage advances&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(32&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(34,656&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(69,371&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(104,059&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Disposals and repayments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;32,343&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;49,658&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;82,001&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Changes in investment broker net receivables and payables&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(35&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(151&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(186&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Investment in common shares of subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(5,706&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,706&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net cash decrease from sale and purchase of subsidiaries and
 businesses&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(495&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(495&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Capital contribution to unconsolidated subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(350&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;350&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Return of capital from unconsolidated subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Notes receivable from affiliates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;544&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(544&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Notes receivable from parent&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;344&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(344&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Notes receivable from subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(6&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(40&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;46&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Cash provided by (used in) investing activities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(5,744&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(2,737&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(19,471&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;5,213&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(22,739&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Financing activities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 (Decrease) increase in repurchase agreements and securities sold
 but not&amp;#xA0;yet purchased&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(23&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(23&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Issue of long-term debt, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,899&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,899&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Redemption of long-term debt&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(158&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(158&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Issue of capital instruments, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;479&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;479&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Redemption of capital instruments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(949&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(949&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Secured borrowings from securitization transactions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;847&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;847&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Changes in deposits from Bank clients, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(157&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(157&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Shareholders&amp;#x2019; dividends paid in cash&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,593&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,593&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Contributions from (distributions to) &lt;font style="WHITE-SPACE: nowrap"&gt;non-controlling&lt;/font&gt; interests, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Common shares issued, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;66&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,706&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(5,706&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;66&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Preferred shares issued, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;884&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;884&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Dividends paid to parent&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2,061&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 &amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;2,061&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Capital contributions by parent&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;350&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(350&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Return of capital to parent&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Notes payable to affiliates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(544&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;544&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Notes payable to parent&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;46&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(46&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Notes payable to subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(344&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;344&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Cash provided by (used in) financing activities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;3,391&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(544&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;3,610&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(3,152&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;3,305&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Cash and short-term securities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Increase (decrease) during the year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;40&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(509&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,948&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2,417&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Effect&amp;#xA0;of foreign exchange rate changes on cash and short-term
 securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(149&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(197&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(347&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Balance, beginning of year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;122&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;4,445&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;12,435&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;17,002&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Balance, end of year&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;161&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;3,787&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;10,290&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;14,238&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Cash and short-term securities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Beginning of year&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Gross cash and short-term securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;122&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,938&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,825&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;17,885&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net payments in transit, included in other liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(493&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(390&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(883&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net cash and short-term securities, beginning of year&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;122&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;4,445&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;12,435&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;17,002&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;End of year&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Gross cash and short-term securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;161&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,317&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,673&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;15,151&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net payments in transit, included in other liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(530&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(383&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(913&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net cash and short-term securities, end of year&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;161&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;3,787&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;10,290&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;14,238&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Supplemental disclosures on cash flow information:&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest received&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,523&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,795&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(768&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,550&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest paid&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;210&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;144&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,397&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(768&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;983&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Income taxes paid&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;35&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;68&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;738&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;841&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 18px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&amp;#xA0;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&amp;#xA0;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</mfc:DisclosureOfConsolidatedStatementOfCashFlowsExplanatory>
  <mfc:DisclosureOfMaturitiesOfLongtermDebtExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_A60399FF-71AB-464A-A9D6-AAB37A50F376_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(c)
 Aggregate maturities of long-term debt&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="78%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Less than one year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;401&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 One to two years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;400&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Two to three years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;626&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;599&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Three to four years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;669&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Four to five years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Greater than five years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,758&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;4,021&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;4,785&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;5,696&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfMaturitiesOfLongtermDebtExplanatory>
  <mfc:DisclosureOfChangesInSegregatedFundsNetAssetsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_9149E120-B71C-45F2-8CA0-8C351B6D731E_1_0">&lt;div&gt;
 &lt;p style="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Changes in
 segregated funds net assets&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center"&gt;
 &lt;tr&gt;
 &lt;td width="79%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="font-size:1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;2016&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Net policyholder cash flow&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Deposits from policyholders&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;34,776&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;33,130&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Net transfers to general fund&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;(1,734&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(878&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Payments to policyholders&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(45,970&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;(39,731&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(12,928&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;(7,479&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Investment related&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Interest and dividends&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;16,930&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;15,736&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Net realized and unrealized investment gains&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;24,384&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;4,097&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;41,314&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;19,833&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Other&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Management and administration fees&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;(4,496&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(4,386&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Impact of changes in foreign exchange rates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(14,790&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;(6,007&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(19,286&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;(10,393&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Net additions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;9,100&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,961&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Segregated funds net assets, beginning of year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;315,708&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;313,747&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Segregated funds net assets, end of year&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;324,808&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;&amp;#xA0;&amp;#xA0;315,708&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfChangesInSegregatedFundsNetAssetsExplanatory>
  <mfc:DisclosureOfCompositionOfNetAssetsByCategoriesOfSegregatedFundsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_1A114850-1292-4DDF-8589-B2CFB83D911C_1_0">&lt;div&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The composition of net assets by
 categories of segregated funds was within the following ranges for
 the years ended December&amp;#xA0;31,&amp;#xA0;2017 and 2016.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center"&gt;
 &lt;tr&gt;
 &lt;td width="76%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c"&gt;Ranges in per cent&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;font style="font-size:8pt"&gt;&lt;b&gt;Type of fund&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;2016&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Money market funds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;2%&amp;#xA0;to&amp;#xA0;3%&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2% to 3%&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Fixed income funds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;14%&amp;#xA0;to&amp;#xA0;15%&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;14% to 15%&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Balanced funds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;22% to
 29%&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;22%&amp;#xA0;to&amp;#xA0;24%&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Equity funds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;55% to 60%&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;59% to 61%&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfCompositionOfNetAssetsByCategoriesOfSegregatedFundsExplanatory>
  <mfc:DisclosureOfComponentsOfNetBenefitCostForPensionPlansAndRetireeWelfarePlansExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_4F4A172D-F60C-407A-B1F6-D79B4D238118_1_0">&lt;div&gt;
 &lt;p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(g) Net
 benefit cost recognized in the Consolidated Statements of
 Income&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Components of the net benefit cost
 for the pension plans and retiree welfare plans were as
 follows.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center"&gt;
 &lt;tr&gt;
 &lt;td width="62%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c"&gt;Pension plans&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td colspan="2" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 Retiree&amp;#xA0;welfare&amp;#xA0;plans&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;2016&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td colspan="2" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;2016&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Defined benefit current service cost&lt;sup style="font-size:85%; vertical-align:top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;48&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;52&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Defined benefit administrative expenses&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;5&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Past service cost&amp;#xA0;&amp;#x2013;&amp;#xA0;plan amendments&lt;sup style="font-size:85%; vertical-align:top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;(57&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Service cost&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;53&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Interest on net defined benefit (asset) liability&lt;sup style="font-size:85%; vertical-align:top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;18&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;27&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;3&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Defined benefit cost&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;71&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;29&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;6&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Defined contribution cost&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;75&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;69&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Net benefit cost&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;146&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;98&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;6&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;6&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;
 &lt;tr style="page-break-inside:avoid"&gt;
 &lt;td width="1%" valign="top" align="left"&gt;&lt;sup style="font-size:85%; vertical-align:top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td align="left" valign="top"&gt;Includes service and interest costs
 for the two plans merged into the primary Manulife plan after
 August&amp;#xA0;1, 2016.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;
 &lt;tr style="page-break-inside:avoid"&gt;
 &lt;td width="1%" valign="top" align="left"&gt;&lt;sup style="font-size:85%; vertical-align:top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td align="left" valign="top"&gt;Past service cost in 2016 includes
 ($55) reflecting the removal of the advance provision made in prior
 years for &lt;font style="white-space:nowrap"&gt;non-contractual,&lt;/font&gt;
 &lt;font style="white-space:nowrap"&gt;ad-hoc&lt;/font&gt; increases in pension
 for Standard Life retirees.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfComponentsOfNetBenefitCostForPensionPlansAndRetireeWelfarePlansExplanatory>
  <mfc:DisclosureOfRemeasurementEffectsRecognizedInOtherComprehensiveIncomeTextBlockExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_D4025FB5-E359-424F-8D35-A441B1FE4B21_1_0">&lt;div&gt;
 &lt;p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(h)
 &lt;font style="white-space:nowrap"&gt;Re-measurement&lt;/font&gt; effects
 recognized in Other Comprehensive Income&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center"&gt;
 &lt;tr&gt;
 &lt;td width="59%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="6" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="center"&gt;Pension plans&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td colspan="2" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="6" nowrap="nowrap" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="center"&gt;Retiree&amp;#xA0;welfare&amp;#xA0;plans&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td colspan="2" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Actuarial gains (losses) on defined benefit obligations:&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"&gt;
 Experience&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(15&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;9&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"&gt;
 Demographic assumption changes&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;94&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;16&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"&gt;
 Economic assumption changes&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;(214&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(116&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(41&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(20&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Return on plan assets greater (less) than discount rate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;312&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;158&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;30&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;8&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Total &lt;font style="white-space:nowrap"&gt;re-measurement&lt;/font&gt;
 effects&lt;/b&gt;&lt;/p&gt;
 &lt;p style="font-size:2pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;
 &lt;p style="font-size:2pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;83&lt;/b&gt;
 &lt;p style="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="font-size:2pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;$
 &lt;p style="font-size:2pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;136
 &lt;p style="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;
 &lt;p style="font-size:2pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;$&lt;/b&gt;
 &lt;p style="font-size:2pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(2&lt;/b&gt;
 &lt;p style="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;
 &lt;p style="font-size:2pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;$
 &lt;p style="font-size:2pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;6
 &lt;p style="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;
 &lt;p style="font-size:2pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfRemeasurementEffectsRecognizedInOtherComprehensiveIncomeTextBlockExplanatory>
  <mfc:DisclosureOfLifeExpectanciesUnderlyingValuesOfObligationsInDefinedBenefitPensionAndRetireeWelfarePlansExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_909A825B-9701-47AB-9BA7-65B7C62308F5_1_0">&lt;div&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Assumptions regarding future
 mortality are based on published statistics and mortality tables.
 The current life expectancies underlying the values of the
 obligations in the defined benefit pension and retiree welfare
 plans are as follows.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center"&gt;
 &lt;tr&gt;
 &lt;td width="78%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;U.S.&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;Canada&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Life expectancy (in years) for those currently age 65&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"&gt;
 Males&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;22.4&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;22.8&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"&gt;
 Females&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;23.9&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;24.7&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Life expectancy (in years) at age 65 for those currently age
 45&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"&gt;
 Males&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;24.0&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;23.8&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"&gt;
 Females&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;25.5&lt;/b&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;25.6&lt;/b&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfLifeExpectanciesUnderlyingValuesOfObligationsInDefinedBenefitPensionAndRetireeWelfarePlansExplanatory>
  <mfc:DisclosureOfDefinedBenefitObligationAndNetBenefitCostKeyAssumptionsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_19D00758-3E19-45A4-81A1-F693FAF3B594_1_0">&lt;div&gt;
 &lt;p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(i)
 Assumptions&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The key assumptions used by the
 Company to determine the defined benefit obligation and net benefit
 cost for the defined benefit pension plans and retiree welfare
 plans were as follows.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center"&gt;
 &lt;tr&gt;
 &lt;td width="40%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="14" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="center"&gt;&lt;b&gt;U.S. Plans&lt;/b&gt;&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td colspan="2" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="14" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="center"&gt;&lt;b&gt;Canadian Plans&lt;/b&gt;&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="6" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="center"&gt;Pension plans&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="6" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="center"&gt;Retiree welfare plans&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td colspan="2" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="6" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="center"&gt;Pension plans&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="6" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="center"&gt;Retiree welfare plans&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td colspan="2" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;To determine the defined benefit obligation at end of
 year&lt;/b&gt;&lt;sup style="font-size:85%; vertical-align:top"&gt;(1)&lt;/sup&gt;&lt;b&gt;:&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"&gt;
 Discount rate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;3.6%&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.1%&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;3.6%&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.1%&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;3.5%&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3.9%&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;3.6%&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.0%&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"&gt;
 Initial health care cost trend rate&lt;sup style="font-size:85%; vertical-align:top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;n/a&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;n/a&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;8.5%&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8.8%&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;n/a&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;n/a&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;5.9%&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6.0%&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;To determine the defined benefit cost for the year&lt;sup style="font-size:85%; vertical-align:top"&gt;(1)&lt;/sup&gt;:&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"&gt;
 Discount rate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;4.1%&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.4%&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;4.1%&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.3%&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;3.9%&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.1%&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;4.0%&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.1%&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL"&gt;
 Initial health care cost trend rate&lt;sup style="font-size:85%; vertical-align:top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;n/a&lt;/b&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;n/a
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;8.8%&lt;/b&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;9.0%
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;n/a&lt;/b&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;n/a
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;6.0%&lt;/b&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;6.1%
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;
 &lt;tr style="page-break-inside:avoid"&gt;
 &lt;td width="1%" valign="top" align="left"&gt;&lt;sup style="font-size:85%; vertical-align:top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td align="left" valign="top"&gt;Inflation and salary increase
 assumptions are not shown as they do not materially affect
 obligations and cost.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;
 &lt;tr style="page-break-inside:avoid"&gt;
 &lt;td width="1%" valign="top" align="left"&gt;&lt;sup style="font-size:85%; vertical-align:top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td align="left" valign="top"&gt;The health care cost trend rate used
 to measure the U.S. based retiree welfare obligation was 8.5%
 grading to 5.0% for 2032 and years thereafter (2016 &amp;#x2013; 8.8%
 grading to 5.0% for 2032) and to measure the net benefit cost was
 8.8% grading to 5.0% for 2032 and years thereafter (2016 &amp;#x2013;
 9.0% grading to 5.0% for 2032). In Canada, the rate used to measure
 the retiree welfare obligation was 5.9% grading to 4.8% for 2026
 and years thereafter (2016 &amp;#x2013; 6.0% grading to 4.8% for 2026)
 and to measure the net benefit cost was 6.0% grading to 4.8% for
 2026 and years thereafter (2016 &amp;#x2013; 6.1% grading to 4.8% for
 2026).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfDefinedBenefitObligationAndNetBenefitCostKeyAssumptionsExplanatory>
  <mfc:DisclosureOfSummaryOfPensionAndRetireeWelfarePlansExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_B61F1C7D-9AA1-48D1-837E-EC1E7AC2B793_1_0">&lt;div&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(c)
 Pension and retiree welfare plans&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center"&gt;
 &lt;tr&gt;
 &lt;td width="77%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c"&gt;Pension plans&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td colspan="2" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 Retiree&amp;#xA0;welfare&amp;#xA0;plans&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;2016&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td colspan="2" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;2016&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Changes in defined benefit obligation:&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Ending balance prior year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;4,767&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,823&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;682&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;713&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Plan mergers&lt;sup style="font-size:85%; vertical-align:top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;143&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Current service cost&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;48&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;52&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Past service cost&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(57&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Interest cost&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;182&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;196&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;26&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;28&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Plan participants&amp;#x2019; contributions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Actuarial losses (gains) due to:&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Experience&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;15&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(9&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Demographic assumption changes&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(94&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(16&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Economic assumption changes&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;214&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;116&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;41&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;20&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Benefits paid&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;(315&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(314&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(45&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(50&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Impact of changes in foreign exchange rates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(206&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;(99&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(35&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;(17&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Defined benefit obligation, December&amp;#xA0;31&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;4,706&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;&amp;#xA0;&amp;#xA0;4,767&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;665&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;&amp;#xA0;&amp;#xA0;682&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="font-size:1px;margin-top:12px;margin-bottom:0px"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center"&gt;
 &lt;tr&gt;
 &lt;td width="77%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c"&gt;Pension plans&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td colspan="2" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 Retiree&amp;#xA0;welfare&amp;#xA0;plans&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;2016&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td colspan="2" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;2016&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Change in plan assets:&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Fair value of plan assets, ending balance prior year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;4,277&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,122&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;603&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;635&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Plan mergers&lt;sup style="font-size:85%; vertical-align:top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;129&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;164&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;169&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;23&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;25&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Employer contributions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;85&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;106&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;12&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Plan participants&amp;#x2019; contributions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Benefits paid&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;(315&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(314&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(45&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(50&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Administration costs&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(5&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(7&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(2&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Actuarial gains (losses)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;312&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;158&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;30&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Impact of changes in foreign exchange rates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(191&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;(87&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(38&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;(18&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Fair value of plan assets, December&amp;#xA0;31&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;4,328&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;&amp;#xA0;&amp;#xA0;4,277&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;587&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;&amp;#xA0;&amp;#xA0;603&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;
 &lt;tr style="page-break-inside:avoid"&gt;
 &lt;td width="1%" valign="top" align="left"&gt;&lt;sup style="font-size:85%; vertical-align:top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td align="left" valign="top"&gt;In Canada, two smaller pension plans
 were merged into the primary Manulife pension plan in 2016. Amounts
 shown represent the value of the defined benefit obligations and
 assets transferred from the smaller plans into the primary Manulife
 plan.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfSummaryOfPensionAndRetireeWelfarePlansExplanatory>
  <mfc:DisclosureOfCarryingValueOfInvestmentContractLiabilitiesMeasuredAtFairValueExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_4EA556DF-35B0-44D7-931B-7C5272214EB3_1_0">&lt;div&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The following table presents
 movement in investment contract liabilities measured at fair value
 during the year.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center"&gt;
 &lt;tr&gt;
 &lt;td width="80%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;2016&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Balance, January&amp;#xA0;1&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;631&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;785&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 New policies&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;50&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;53&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Changes in market conditions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;76&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(103&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Redemptions, surrenders and maturities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(72&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(83&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Impact of changes in foreign exchange rates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(46&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;(21&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Balance, December&amp;#xA0;31&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;639&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;631&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfCarryingValueOfInvestmentContractLiabilitiesMeasuredAtFairValueExplanatory>
  <mfc:DisclosureOfCarryingAmountOfSecuritizedAssetsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_91BEEF7A-E3D7-4F07-BC86-45C4B03C65BC_1_0">&lt;div&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The following table presents the
 carrying amount of securitized assets and secured borrowing
 liabilities.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center"&gt;
 &lt;tr&gt;
 &lt;td width="56%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="8%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;As at
 December&amp;#xA0;31, 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="10" align="center" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;Securitized
 assets&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td colspan="2" valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 Securitization program&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" nowrap="nowrap" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 Securitized&lt;br /&gt;
 mortgages&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" nowrap="nowrap" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 Restricted cash and&lt;br /&gt;
 short-term securities&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" nowrap="nowrap" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 Total&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;Secured
 borrowing&lt;br /&gt;
 liabilities&lt;sup style="font-size:85%; vertical-align:top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 HELOC securitization&lt;sup style="font-size:85%; vertical-align:top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;2,024&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;8&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;2,032&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;2,000&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 CMB securitization&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;1,480&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;1,480&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;1,523&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;3,504&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;8&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;3,512&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;3,523&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="font-size:1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="12"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;As at
 December&amp;#xA0;31, 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="10" align="center" style="BORDER-BOTTOM:1px solid #1f320c"&gt;Securitized assets&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td colspan="2" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 Securitization program&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" nowrap="nowrap" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;Securitized&lt;br /&gt;
 mortgages&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" nowrap="nowrap" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;Restricted cash and&lt;br /&gt;
 short-term securities&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" nowrap="nowrap" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;Total&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;Secured borrowing&lt;br /&gt;
 liabilities&lt;sup style="font-size:85%; vertical-align:top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 HELOC securitization&lt;sup style="font-size:85%; vertical-align:top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;1,762&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;8&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;1,770&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;1,750&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 CMB securitization&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;1,018&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;1,018&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;1,032&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;2,780&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;8&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;2,788&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;2,782&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;
 &lt;tr style="page-break-inside:avoid"&gt;
 &lt;td width="1%" valign="top" align="left"&gt;&lt;sup style="font-size:85%; vertical-align:top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td align="left" valign="top"&gt;Manulife Bank, a MFC subsidiary,
 securitizes a portion of its HELOC receivables through Platinum
 Canadian Mortgage Trust (&amp;#x201C;PCMT&amp;#x201D;), and Platinum Canadian
 Mortgage Trust II (&amp;#x201C;PCMT II&amp;#x201D;). PCMT funds the purchase
 of the &lt;font style="white-space:nowrap"&gt;co-ownership&lt;/font&gt;
 interests from Manulife Bank by issuing term notes collateralized
 by an underlying pool of CMHC insured HELOCs to institutional
 investors. PCMT II funds the purchase of the &lt;font style="white-space:nowrap"&gt;co-ownership&lt;/font&gt; interests from Manulife
 Bank by issuing term notes collateralized by an underlying pool of
 uninsured HELOCs to institutional investors. The restricted cash
 balance for the HELOC securitization reflects a cash reserve fund
 established in relation to the transactions. The reserve will be
 drawn upon only in the event of insufficient cash flows from the
 underlying HELOCs to satisfy the secured borrowing liability.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;
 &lt;tr style="page-break-inside:avoid"&gt;
 &lt;td width="1%" valign="top" align="left"&gt;&lt;sup style="font-size:85%; vertical-align:top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td align="left" valign="top"&gt;Secured borrowing liabilities
 primarily comprise of Series &lt;font style="white-space:nowrap"&gt;2011-1&lt;/font&gt; notes with a floating rate which
 are expected to mature on December&amp;#xA0;15, 2021, and the Series
 &lt;font style="white-space:nowrap"&gt;2016-1&lt;/font&gt; notes with a
 floating rate which are expected to mature on May&amp;#xA0;15, 2022.
 Manulife Bank also securitizes insured amortizing mortgages under
 the National Housing Act Mortgage-Backed Securities (&amp;#x201C;NHA
 MBS&amp;#x201D;) program sponsored by CMHC. Manulife Bank participates
 in CMB programs by selling NHA MBS securities to Canada Housing
 Trust (&amp;#x201C;CHT&amp;#x201D;), as a source of fixed rate funding.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfCarryingAmountOfSecuritizedAssetsExplanatory>
  <mfc:DisclosureOfInvestedAssetsAndSegregatedFundsNetAssetsMeasuredAtFairValueExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_AA04061A-A831-4FF2-8715-04E0E92EB596_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following table presents fair
 values and the fair value hierarchy of invested assets and
 segregated funds net assets measured at fair value in the
 Consolidated Statements of Financial Position.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="61%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Total fair&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Level&amp;#xA0;1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Level&amp;#xA0;2&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Level&amp;#xA0;3&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Cash and short-term securities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 FVTPL&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;439&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;439&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 AFS&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;11,429&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;11,429&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,097&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,097&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Debt securities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2.25em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 &lt;b&gt;FVTPL&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Canadian government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;17,886&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;17,886&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 U.S. government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,497&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,497&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16,838&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16,599&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;239&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Corporate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;96,785&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;96,073&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;710&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Residential mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;8&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Commercial mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,099&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,099&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other securitized assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,911&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,886&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;25&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2.25em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 &lt;b&gt;AFS&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Canadian government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,892&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,892&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 U.S. government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;13,472&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;13,472&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,988&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,941&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;47&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Corporate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,366&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,278&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;88&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Residential mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;37&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;37&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Commercial mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;138&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;138&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other securitized assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;83&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;82&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Public equities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 FVTPL&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;18,473&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;18,470&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 AFS&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,072&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,069&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Real estate&amp;#xA0;&amp;#x2013;&amp;#xA0;investment property&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,529&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,529&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Other invested assets&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16,203&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16,203&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Segregated funds net assets&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;324,307&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;286,490&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;33,562&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,255&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;564,549&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;312,128&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;218,320&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;34,101&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Total fair&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Level&amp;#xA0;1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Level&amp;#xA0;2&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Level&amp;#xA0;3&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Cash and short-term securities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 FVTPL&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;269&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;269&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 AFS&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;11,705&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;11,705&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,177&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,177&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Debt securities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2.25em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 &lt;b&gt;FVTPL&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Canadian government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18,030&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18,030&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 U.S. government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,971&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,971&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18,629&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18,357&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;272&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Corporate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;87,374&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;86,721&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;651&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Residential mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Commercial mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;680&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;674&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other securitized assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,196&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,161&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;35&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2.25em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 &lt;b&gt;AFS&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Canadian government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,715&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,715&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 U.S. government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,333&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,333&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,312&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,261&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;51&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Corporate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,041&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,967&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;74&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Residential mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;65&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;64&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Commercial mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;123&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;121&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other securitized assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;143&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;141&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Public equities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 FVTPL&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;16,531&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;16,524&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 AFS&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,965&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,963&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Real estate&amp;#xA0;&amp;#x2013;&amp;#xA0;investment property&lt;/b&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,756&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,756&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Other invested assets&lt;/b&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;14,849&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;14,849&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Segregated funds net assets&lt;/b&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;315,177&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;278,066&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;32,537&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;4,574&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;546,051&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;300,732&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;212,037&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;33,282&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;For investment properties, the
 significant unobservable inputs are capitalization rates (ranging
 from 3.50% to 9.00% during the year and ranging from 3.75% to 9.75%
 during the year 2016) and terminal capitalization rates (ranging
 from 4.0% to 9.25% during the year and ranging from 4.1% to 10.0%
 during the year 2016). Holding other factors constant, a lower
 capitalization or terminal capitalization rate will tend to
 increase the fair value of an investment property. Changes in fair
 value based on variations in unobservable inputs generally cannot
 be extrapolated because the relationship between the directional
 changes of each input is not usually linear.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Other invested assets measured at
 fair value are held primarily in power and infrastructure and
 timber sectors. The significant inputs used in the valuation of the
 Company&amp;#x2019;s power and infrastructure investments are primarily
 future distributable cash flows, terminal values and discount
 rates. Holding other factors constant, an increase to future
 distributable cash flows or terminal values would tend to increase
 the fair value of a power and infrastructure investment, while an
 increase in the discount rate would have the opposite effect.
 Discount rates during the year ranged from 9.20% to 16.5% (2016
 &amp;#x2013; ranged from 9.63% to 16.0%). Disclosure of distributable
 cash flow and terminal value ranges are not meaningful given the
 disparity in estimates by project. The significant inputs used in
 the valuation of the Company&amp;#x2019;s investments in timberland are
 timber prices and discount rates. Holding other factors constant,
 an increase to timber prices would tend to increase the fair value
 of a timberland investment, while an increase in the discount rates
 would have the opposite effect. Discount rates during the year
 ranged from 5.0% to 7.5% (2016 &amp;#x2013; ranged from 5.0% to 7.5%). A
 range of prices for timber is not meaningful as the market price
 depends on factors such as property location and proximity to
 markets and export yards.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Segregated funds net assets are
 measured at fair value. The Company&amp;#x2019;s Level&amp;#xA0;3 segregated
 funds assets are predominantly invested in timberland properties
 valued as described above.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfInvestedAssetsAndSegregatedFundsNetAssetsMeasuredAtFairValueExplanatory>
  <mfc:DisclosureOfDebtSecuritiesAndPrivatePlacementsPortfolioBySectorAndIndustryExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_71B064BB-63B8-4673-A31D-336F3AC559EC_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents debt securities and private placements
 portfolio by sector and industry.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="63%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="8"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="8"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Carrying&amp;#xA0;value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 %&amp;#xA0;of&amp;#xA0;total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Carrying&amp;#xA0;value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;%&amp;#xA0;of&amp;#xA0;total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;71,888&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;35&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;76,020&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;38&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Utilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;40,568&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;20&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;37,561&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;19&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Financial&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;27,923&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;13&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;25,027&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Energy&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16,428&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;8&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;15,775&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Industrial&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;14,691&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,088&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Consumer&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;(non-cyclical)&lt;/font&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;14,009&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,440&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Consumer (cyclical)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,916&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,256&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Securitized&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,577&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,514&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Telecommunications&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,324&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,091&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Basic materials&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,248&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,387&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Technology&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,475&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,231&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Media and internet&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,136&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,175&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Diversified and miscellaneous&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;949&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;786&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;206,132&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;100&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;198,351&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;100&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;br class="Apple-interchange-newline" /&gt;

 &lt;/div&gt;</mfc:DisclosureOfDebtSecuritiesAndPrivatePlacementsPortfolioBySectorAndIndustryExplanatory>
  <mfc:DisclosureOfInvestmentExpensesExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_3E447E88-F031-4D6D-824F-26687A25B6C5_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following table presents the
 Company&amp;#x2019;s total investment expenses.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="83%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Related to invested assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;625&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;581&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Related to segregated, mutual and other funds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,048&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;1,065&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total investment expenses&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;1,673&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;1,646&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfInvestmentExpensesExplanatory>
  <mfc:DisclosureOfOtherInvestedAssetsIncludeInvestmentsInAssociatesAndJointVenturesAccountedUsingEquityMethodExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_28E80139-0722-41DF-9B9A-51805D782450_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Other invested assets include
 investments in associates and joint ventures which are accounted
 for using the equity method of accounting as follows.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="66%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="8"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="8"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6" align="center"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Carrying&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;% of total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Carrying&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;% of total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Leveraged leases&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;3,273&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;56&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;3,369&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;58&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Timber and agriculture&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;451&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;8&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;430&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Real estate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;498&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;9&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;419&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,535&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;27&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;1,562&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;27&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5,757&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;100&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;5,780&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;100&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfOtherInvestedAssetsIncludeInvestmentsInAssociatesAndJointVenturesAccountedUsingEquityMethodExplanatory>
  <mfc:DisclosureOfEffectsOfDerivativesNotDesignatedInQualifyingHedgeAccountingRelationshipsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_E14587CB-AC93-49CB-9488-EA03EE04A610_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The effects of derivatives not
 designated in qualifying hedge accounting relationships on the
 Consolidated Statements of Income are shown in the following
 table.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="81%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Investment income (loss)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest rate swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(927&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(141&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest rate futures&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;372&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(26&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest rate options&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(96&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(11&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Foreign currency swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;529&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(14&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Currency rate futures&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(92&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;263&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Forward contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,231&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(88&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity futures&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(2,190&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2,387&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;153&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(171&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Credit default swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(4&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,024)&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(2,574&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfEffectsOfDerivativesNotDesignatedInQualifyingHedgeAccountingRelationshipsExplanatory>
  <mfc:DisclosureOfInvestmentContractLiabilitiesMeasuredAtAmortizedCostExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_666F825D-6D35-49FA-9209-AF0B90553C07_1_0">&lt;div&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The changes in investment contract
 liabilities measured at amortized cost was a result of the
 following business activities.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center"&gt;
 &lt;tr&gt;
 &lt;td width="81%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="font-size:1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;2016&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Balance, January&amp;#xA0;1&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;2,644&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;2,712&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Policy deposits&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;68&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;112&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Interest&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;100&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;100&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Withdrawals&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;(232&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(235&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Fees&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Impact of changes in foreign exchange rates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;(91&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;(45&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Balance, December&amp;#xA0;31&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;2,487&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;2,644&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfInvestmentContractLiabilitiesMeasuredAtAmortizedCostExplanatory>
  <mfc:DisclosureOfContractualObligationsAndCommitmentsRelatingToInvestmentContractsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_270E8CE3-9FDE-41B8-A169-A4A24E54D8B7_1_0">&lt;div&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Investment contracts give rise to
 obligations fixed by agreement. As at December&amp;#xA0;31, 2017, the
 Company&amp;#x2019;s contractual obligations and commitments relating to
 investment contracts are as follows.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" align="center"&gt;
 &lt;tr&gt;
 &lt;td width="58%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Payments due by period&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" nowrap="nowrap" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;Less
 than&lt;br /&gt;
 1 year&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;1 to 3&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" align="right"&gt;years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;3 to 5&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" align="right"&gt;years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;Over 5&lt;br /&gt;
 years&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;Total&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Investment contract liabilities&lt;sup style="font-size:85%; vertical-align:top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;283&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;536&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;481&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;3,944&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;5,244&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="font-size:2pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%"&gt;
 &lt;tr style="page-break-inside:avoid"&gt;
 &lt;td width="1%" valign="top" align="left"&gt;&lt;sup style="font-size:85%; vertical-align:top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td align="left" valign="top"&gt;Due to the nature of the products,
 the timing of net cash flows may be before contract maturity. Cash
 flows are undiscounted.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfContractualObligationsAndCommitmentsRelatingToInvestmentContractsExplanatory>
  <mfc:DescriptionOfAccountingPolicyForPremiumIncomeAndRelatedExpensesExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_2EB4C604-7C24-4F81-B0DB-0C22FC6968ED_1_0">&lt;div&gt;
 &lt;p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(q)
 Premium income and related expenses&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Gross premiums for all types of
 insurance contracts, and contracts with limited mortality or
 morbidity risk, are generally recognized as revenue when due.
 Premiums are reported gross of reinsurance ceded (refer to note 8).
 Revenue on service contracts is recognized as services are
 rendered.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</mfc:DescriptionOfAccountingPolicyForPremiumIncomeAndRelatedExpensesExplanatory>
  <mfc:DisclosureOfEffectsOfDerivativesInNetInvestmentHedgingRelationshipsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_23B1E442-6E10-4FDC-8513-2AF92FDF74F9_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The effects of net investment
 hedging relationships on the Consolidated Statements of Income and
 the Consolidated Statements of Other Comprehensive Income are shown
 in the following table.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="63%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Gains&amp;#xA0;(losses)&lt;br /&gt;
 deferred&amp;#xA0;in&amp;#xA0;AOCI&lt;br /&gt;
 on derivatives&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Gains&amp;#xA0;(losses)&lt;br /&gt;
 reclassified&amp;#xA0;from&lt;br /&gt;
 AOCI into&lt;br /&gt;
 investment&amp;#xA0;income&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Ineffectiveness&lt;br /&gt;
 recognized in&lt;br /&gt;
 investment&lt;br /&gt;
 income&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;font style="WHITE-SPACE: nowrap"&gt;Non-functional&lt;/font&gt; currency
 denominated debt&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;355&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;355&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Gains (losses)&lt;br /&gt;
 deferred in AOCI&lt;br /&gt;
 on derivatives&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Gains (losses)&lt;br /&gt;
 reclassified from&lt;br /&gt;
 AOCI into&lt;br /&gt;
 investment income&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Ineffectiveness&lt;br /&gt;
 recognized in&lt;br /&gt;
 investment&lt;br /&gt;
 income&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;font style="WHITE-SPACE: nowrap"&gt;Non-functional&lt;/font&gt; currency
 denominated debt&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(25&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(25&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfEffectsOfDerivativesInNetInvestmentHedgingRelationshipsExplanatory>
  <mfc:DisclosureEffectsOfDerivativesInCashFlowHedgingRelationshipsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_87ADFAB2-47D8-4845-A361-A1E5316F5202_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The effects of derivatives in cash
 flow hedging relationships on the Consolidated Statements of Income
 and the Consolidated Statements of Comprehensive Income are shown
 in the following table.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="34%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td width="35%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Hedged items in qualifying&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 cash flow hedging&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 relationships&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Gains
 (losses)&lt;br /&gt;
 deferred in&lt;br /&gt;
 AOCI on&lt;br /&gt;
 derivatives&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Gains (losses)&lt;br /&gt;
 reclassified&lt;br /&gt;
 from&amp;#xA0;AOCI&amp;#xA0;into&lt;br /&gt;
 investment&lt;br /&gt;
 income&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Ineffectiveness&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;br /&gt;
 recognized in&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;br /&gt;
 investment&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;income&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest rate swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Forecasted liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(17&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Foreign currency swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Fixed rate assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Floating rate liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;95&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;50&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Fixed rate liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;35&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Forward contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Forecasted expenses&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(10&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Stock-based compensation&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;20&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;29&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;163&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;58&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="2"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Hedged items in qualifying&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 cash flow hedging&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 relationships&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Gains (losses)&lt;br /&gt;
 deferred in&lt;br /&gt;
 AOCI on&lt;br /&gt;
 derivatives&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Gains (losses)&lt;br /&gt;
 reclassified&lt;br /&gt;
 from&amp;#xA0;AOCI&amp;#xA0;into&lt;br /&gt;
 investment&lt;br /&gt;
 income&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;
 Ineffectiveness&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;br /&gt;
 recognized in&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;br /&gt;
 investment&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;br /&gt;
 income&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest rate swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Forecasted liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(18&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Foreign currency swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Fixed rate assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(4&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Floating rate liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;47&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 &amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;23&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Fixed rate liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(15&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(8&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Forward contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Forecasted expenses&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(14&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;Stock-based compensation&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;39&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;font style="WHITE-SPACE: nowrap"&gt;Non-derivative&lt;/font&gt; financial
 instrument&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 Forecasted expenses&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;3&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;74&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;(15&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureEffectsOfDerivativesInCashFlowHedgingRelationshipsExplanatory>
  <mfc:DisclosureOfReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_2B51B4B3-6061-4EC6-8BC5-485D1BEC0AC9_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Allowance
 for loan losses&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="45%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="12"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="12"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10" align="center"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="10" align="center"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;br /&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Private&lt;br /&gt;
 placements&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;br /&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Mortgages&lt;br /&gt;
 and&amp;#xA0;loans&amp;#xA0;to&lt;br /&gt;
 Bank&amp;#xA0;clients&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &amp;#xA0;&lt;br /&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;br /&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;Private&lt;br /&gt;
 placements&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;br /&gt;
 &lt;br /&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;Mortgages&lt;br /&gt;
 and&amp;#xA0;loans&amp;#xA0;to&lt;br /&gt;
 Bank&amp;#xA0;clients&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &amp;#xA0;&lt;br /&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Balance, January&amp;#xA0;1&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;92&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;26&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;118&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;72&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;29&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;101&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Provisions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;33&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;35&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;112&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;14&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;126&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Recoveries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(12&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(13&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(62&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(7&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(69&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Write-offs&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(43&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(12&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(55&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(30&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(10&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(40&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Balance, December&amp;#xA0;31&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;39&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;46&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;85&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;92&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;26&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;118&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Includes disposals and impact of
 changes in foreign exchange rates.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsExplanatory>
  <mfc:DisclosureOfRecognizedGainsLossesOnDerivativesAndHedgedItemsInFairValueHedgesInInvestmentIncomeExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_8CE34137-FB9C-4217-9496-4283243D9628_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company recognizes gains and
 losses on derivatives and the related hedged items in fair value
 hedges in investment income. These investment gains (losses) are
 shown in the following table.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="34%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td width="35%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Hedged items in qualifying&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 fair value hedging&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 relationships&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Gains&amp;#xA0;(losses)&lt;br /&gt;
 recognized&amp;#xA0;on&lt;br /&gt;
 derivatives&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Gains&amp;#xA0;(losses)&lt;br /&gt;
 recognized&amp;#xA0;for&lt;br /&gt;
 hedged&amp;#xA0;items&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Ineffectiveness&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;br /&gt;
 recognized in&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;br /&gt;
 investment&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;br /&gt;
 income&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest rate swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Fixed rate assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1)&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Fixed rate liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(17&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;17&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Foreign currency swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Fixed rate assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(17&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;18&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="2"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Hedged items in qualifying&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 fair value hedging&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 relationships&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Gains&amp;#xA0;(losses)&lt;br /&gt;
 recognized&amp;#xA0;on&lt;br /&gt;
 derivatives&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Gains&amp;#xA0;(losses)&lt;br /&gt;
 recognized&amp;#xA0;for&lt;br /&gt;
 hedged&amp;#xA0;items&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;
 Ineffectiveness&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;br /&gt;
 recognized in&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;br /&gt;
 investment&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;br /&gt;
 income&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest rate swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Fixed rate assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(52&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;30&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 &amp;#xA0;&amp;#xA0;(22)&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Fixed rate liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Foreign currency swaps&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Fixed rate assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;2&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;(53&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;33&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;(20)&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfRecognizedGainsLossesOnDerivativesAndHedgedItemsInFairValueHedgesInInvestmentIncomeExplanatory>
  <mfc:DisclosureOfInsuranceContractsContractualObligationsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_F3AA5B48-0DA6-43D1-BC01-C181B33AB3A9_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Insurance contracts give rise to
 obligations fixed by agreement. As at December&amp;#xA0;31, 2017, the
 Company&amp;#x2019;s contractual obligations and commitments relating to
 insurance contracts are as follows.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="59%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Payments due by period&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Less
 than&lt;br /&gt;
 1 year&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;1 to 3&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;3 to 5&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Over 5&lt;br /&gt;
 years&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Insurance contract liabilities&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;9,788&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;11,236&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;17,153&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;703,877&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;742,054&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Insurance contract liability 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 &lt;font style="WHITE-SPACE: nowrap"&gt;in-force&lt;/font&gt; 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. Cash flows include embedded derivatives measured
 separately at fair value.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfInsuranceContractsContractualObligationsExplanatory>
  <mfc:DisclosureOfGrossClaimsAndBenefitsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_9A17793A-AE33-46C2-B4D7-11BB0A01509C_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following table presents a
 breakdown of gross claims and benefits.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="79%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Death, disability and other claims&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;14,871&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,819&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Maturity and surrender benefits&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,302&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,697&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Annuity payments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,470&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,310&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Policyholder dividends and experience rating refunds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,085&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,111&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net transfers from segregated funds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,734&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(878&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;24,994&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;25,059&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfGrossClaimsAndBenefitsExplanatory>
  <mfc:DisclosureOfFundingPolicyAndContributionsToPlansExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_6DC02301-6317-4553-BDCE-BB83BBC1603E_1_0">&lt;div&gt;
 &lt;p style="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(l) Cash
 flows &amp;#x2013; contributions&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Total cash payments for all
 employee future benefits, comprised of cash contributed by the
 Company to funded defined benefit pension and retiree welfare
 plans, cash payments directly to beneficiaries in respect of
 unfunded pension and retiree welfare plans, and cash contributed to
 defined contribution pension plans, were as follows.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center"&gt;
 &lt;tr&gt;
 &lt;td width="66%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="6" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="center"&gt;Pension plans&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td colspan="2" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="6" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="center"&gt;Retiree welfare plans&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td colspan="2" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Defined benefit plans&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;85&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;106&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;12&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Defined contribution plans&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;75&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;69&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;160&lt;/b&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;$
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;&amp;#xA0;&amp;#xA0;175
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;12&lt;/b&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;$
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;
 &amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#x2013;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;
 &lt;p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfFundingPolicyAndContributionsToPlansExplanatory>
  <mfc:DisclosureOfCommitmentsAndContingenciesExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_B04E4129-6831-4397-8326-D97ED782C7BB_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#2A517F"&gt;&lt;b&gt;Note
 18&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0; Commitments and
 Contingencies&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(a) Legal
 proceedings&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company is regularly involved
 in legal actions, both as a defendant and as a plaintiff. The legal
 actions where the Company is a party ordinarily relate to its
 activities as a provider of insurance protection or wealth
 management products, reinsurance, or its capacity as an investment
 adviser, employer, or taxpayer. Other life insurers and asset
 managers, operating in the jurisdictions in which the Company does
 business, have been subject to a wide variety of other types of
 actions, some of which resulted in substantial judgments or
 settlements against the defendants; it is possible that the Company
 may become involved in similar actions in the future. In addition,
 government and regulatory bodies in Canada, the United States, Asia
 and other jurisdictions where the Company conducts business
 regularly make inquiries and, from time to time, require the
 production of information or conduct examinations concerning the
 Company&amp;#x2019;s compliance with, among other things, insurance
 laws, securities laws, and laws governing the activities of
 broker-dealers.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;A class action against John
 Hancock Life Insurance Company (U.S.A.) (&amp;#x201C;JHUSA&amp;#x201D;) is
 pending in the U.S. District Court for the Southern District of New
 York in which claims are made that JHUSA breached, and continues to
 breach, the contractual terms of certain universal life policies
 issued between approximately 1990 and 2006 by including
 impermissible charges in its cost of insurance (&amp;#x201C;COI&amp;#x201D;)
 calculations. The Company believes that its COI calculations have
 been, and continue to be, in accordance with the terms of the
 policies and intends to vigorously defend this action. Briefing on
 class certification is scheduled to be completed in late April. It
 is premature to attempt to predict any outcome or range of outcomes
 for this matter. A similar class action based on the same policy
 language in dispute in the case pending in New York had been
 pending in California. The parties have agreed to settle all claims
 alleged in the California action and are preparing final documents
 for approval by the supervising court; the financial terms of the
 settlement are not expected to be material to the
 Company.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(b)
 Investment commitments&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;In the normal course of business,
 various investment commitments are outstanding which are not
 reflected in the Consolidated Financial Statements. There were
 $8,235 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$7,505) of outstanding investment
 commitments as at December&amp;#xA0;31, 2017, of which $682
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$268) mature in 30 days, $2,177
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$2,665) mature in 31 to 365 days and $5,376
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$4,572) mature after one year.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(c)
 Letters of credit&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;In the normal course of business,
 third-party relationship banks issue letters of credit on the
 Company&amp;#x2019;s behalf. The Company&amp;#x2019;s businesses utilize
 letters of credit for which third parties are the beneficiaries, as
 well as for affiliate reinsurance transactions between its
 subsidiaries. As at December&amp;#xA0;31, 2017, letters of credit for
 which third parties are beneficiary, in the amount of $77
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$83), were outstanding.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(d)
 Guarantees&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 3pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(i)
 Guarantees regarding Manulife Finance (Delaware), L.P.
 (&amp;#x201C;MFLP&amp;#x201D;)&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;MFC has guaranteed the payment of
 amounts on the $650 subordinated debentures due on
 December&amp;#xA0;15, 2041 issued by MFLP, a wholly-owned
 unconsolidated partnership.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(ii)
 Guarantees regarding The Manufacturers Life Insurance
 Company&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;On January&amp;#xA0;29, 2007, MFC
 provided a subordinated guarantee, as amended and restated on
 January&amp;#xA0;13, 2017, of Class&amp;#xA0;A Shares and Class&amp;#xA0;B
 Shares of MLI and any other class of preferred shares that rank in
 parity with Class&amp;#xA0;A Shares or Class&amp;#xA0;B Shares of MLI. For
 the following subordinated debentures issued by MLI, MFC has
 provided a subordinated guarantee on the day of issuance: $200
 issued on February&amp;#xA0;25, 2013; $250 issued on November&amp;#xA0;29,
 2013; $500 issued on February&amp;#xA0;21, 2014; $500 issued on
 December&amp;#xA0;1, 2014; $750 issued on March&amp;#xA0;10, 2015; $350
 issued on June&amp;#xA0;1, 2015; and $1,000 issued on November&amp;#xA0;20,
 2015.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following table sets forth
 certain condensed consolidated financial information for MFC and
 MFLP.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Condensed
 Consolidated Statements of Income Information&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="36%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;MFC&lt;br /&gt;
 (Guarantor)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;MLI&lt;br /&gt;
 consolidated&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Other&lt;br /&gt;
 subsidiaries of&lt;br /&gt;
 MFC on a&lt;br /&gt;
 combined&amp;#xA0;basis&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Consolidating&lt;br /&gt;
 adjustments&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 Total&lt;br /&gt;
 consolidated&lt;br /&gt;
 amounts&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;MFLP&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total revenue&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;182&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;58,445&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;270&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(574)&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;58,323&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;29&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net income (loss) attributed to shareholders&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;2,104&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,467&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(257&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;(2,210)&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,104&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="13"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;MFC&lt;br /&gt;
 (Guarantor)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;MLI&lt;br /&gt;
 consolidated&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Other&lt;br /&gt;
 subsidiaries of&lt;br /&gt;
 MFC on a&lt;br /&gt;
 combined&amp;#xA0;basis&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Consolidating&lt;br /&gt;
 adjustments&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Total&lt;br /&gt;
 consolidated&lt;br /&gt;
 amounts&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;MFLP&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total revenue&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;518&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;53,219&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;377&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(777&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;53,337&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;44&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net income (loss) attributed to shareholders&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;2,929&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;2,916&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(359&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(2,557&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;2,929&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;During 2017, MLI acquired John
 Hancock Reassurance Company Ltd. (&amp;#x201C;JHRECO&amp;#x201D;) from MFC.
 MLI has restated its historical IFRS financial statements to
 reflect the combined accounts of MLI and JHRECO on a retroactive
 basis.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Condensed
 Consolidated Statements of Financial Position&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="41%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;MFC&lt;br /&gt;
 (Guarantor)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;MLI&lt;br /&gt;
 consolidated&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Other&lt;br /&gt;
 subsidiaries of&lt;br /&gt;
 MFC on a&lt;br /&gt;
 combined&amp;#xA0;basis&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Consolidating&lt;br /&gt;
 adjustments&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 Total&lt;br /&gt;
 consolidated&lt;br /&gt;
 amounts&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;MFLP&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Invested assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;21&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;334,191&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;10&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;334,222&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;5&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total other assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;48,688&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;71,180&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(48,868&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;71,004&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,033&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Segregated funds net assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;324,307&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;324,307&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Insurance contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;304,605&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;304,605&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Investment contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,126&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,126&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Segregated funds net liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;324,307&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;324,307&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total other liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7,696&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;48,145&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(509&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;55,332&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;831&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="13"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;MFC&lt;br /&gt;
 (Guarantor)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;MLI&lt;br /&gt;
 consolidated&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Other&lt;br /&gt;
 subsidiaries of&lt;br /&gt;
 MFC on a&lt;br /&gt;
 combined&amp;#xA0;basis&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Consolidating&lt;br /&gt;
 adjustments&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Total&lt;br /&gt;
 consolidated&lt;br /&gt;
 amounts&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;MFLP&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Invested assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;161&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;321,698&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 &amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;10&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;321,869&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total other assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;48,073&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;83,607&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(48,049&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;83,635&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;1,085&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Segregated funds net assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;315,177&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;315,177&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Insurance contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;297,505&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;297,505&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Investment contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,275&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,275&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Segregated funds net liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;315,177&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;315,177&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total other liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;6,402&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;55,808&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(309&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;61,901&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;882&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&amp;#xA0;&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;During 2017, MLI acquired John
 Hancock Reassurance Company Ltd. (&amp;#x201C;JHRECO&amp;#x201D;) from MFC.
 MLI has restated its historical IFRS financial statements to
 reflect the combined accounts of MLI and JHRECO on a retroactive
 basis.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(iii)
 Guarantees regarding John Hancock Life Insurance Company (U.S.A.)
 (&amp;#x201C;JHUSA&amp;#x201D;)&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Details of guarantees regarding
 certain securities issued or to be issued by JHUSA are outlined in
 note 23.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(e)
 Pledged assets&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;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&amp;#x2019;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.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The amounts pledged were as
 follows.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="60%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="8"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="2"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="8"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6" align="center"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Debt securities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Other&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Debt securities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Other&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 In respect of:&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Derivatives&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;3,189&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;44&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,678&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;99&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Regulatory requirements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;398&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;86&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;409&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;78&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Real estate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;22&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Repurchase agreements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;228&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;255&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 &lt;font style="WHITE-SPACE: nowrap"&gt;Non-registered&lt;/font&gt; retirement
 plans in trust&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;412&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;464&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;271&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;3&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;174&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,818&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;815&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;5,345&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;837&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(f) Lease
 obligations&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company has a number of
 operating lease obligations, primarily for the use of office space.
 The aggregate future minimum lease payments under &lt;font style="WHITE-SPACE: nowrap"&gt;non-cancelable&lt;/font&gt; operating leases are
 $838 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$966). Payments by year are included
 in the &amp;#x201C;Risk Management&amp;#x201D; section of the Company&amp;#x2019;s
 2017 MD&amp;amp;A under Liquidity Risk.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(g)
 Participating business&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;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 &amp;#x201C;closed
 blocks&amp;#x201D;, transfers are governed by the terms of MLI&amp;#x2019;s
 and John Hancock Mutual Life Insurance Company&amp;#x2019;s plans of
 demutualization.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(h) Fixed
 surplus notes&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;A third party contractually
 provides standby financing arrangements for the Company&amp;#x2019;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&amp;#xA0;31, 2017, the Company had no fixed surplus notes
 outstanding.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</mfc:DisclosureOfCommitmentsAndContingenciesExplanatory>
  <mfc:DescriptionOfAccountingPolicyForFutureAccountingAndReportingChangesExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_FCB4566F-B66E-46C2-A3C0-E03335CAE649_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(b)
 Future accounting and reporting changes&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(I) IFRS
 15 &amp;#x201C;Revenue from Contracts with
 Customers&amp;#x201D;&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;IFRS 15 &amp;#x201C;Revenue from
 Contracts with Customers&amp;#x201D; was issued in May 2014, and
 replaces IAS 11 &amp;#x201C;Construction Contracts&amp;#x201D; IAS 18
 &amp;#x201C;Revenue&amp;#x201D; and several interpretations. Amendments to
 IFRS 15 were issued in April 2016. IFRS 15 as amended is effective
 for annual periods beginning on or after January&amp;#xA0;1, 2018. The
 Company will adopt IFRS 15 effective January&amp;#xA0;1, 2018, using
 the modified retrospective method with no restatement of
 comparative information.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;IFRS 15 clarifies revenue
 recognition principles, provides a robust framework for recognizing
 revenue and cash flows arising from contracts with customers and
 enhances qualitative and quantitative disclosure requirements. IFRS
 15 does not apply to insurance contracts, financial instruments and
 lease contracts.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company&amp;#x2019;s service
 arrangements are generally satisfied over time, with revenue
 measured and collected from customers within a short term, as
 services are rendered.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Adoption of IFRS 15 is not
 expected to have a significant impact on the Company&amp;#x2019;s
 Consolidated Financial Statements.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(II) IFRS
 Interpretation Committee (&amp;#x201C;IFRIC&amp;#x201D;) Interpretation 22
 &amp;#x201C;Foreign Currency Transactions and Advance
 Consideration&amp;#x201D;&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;IFRIC 22 &amp;#x201C;Foreign Currency
 Transactions and Advance Consideration&amp;#x201D; was issued in
 December 2016 and is effective for annual periods beginning on or
 after January&amp;#xA0;1, 2018 and may be applied retrospectively or
 prospectively. IFRIC 22 addresses which foreign exchange rate to
 use to measure a foreign currency transaction when advance payments
 are made or received and &lt;font style="WHITE-SPACE: nowrap"&gt;non-monetary&lt;/font&gt; assets or liabilities are
 recognized prior to recognition of the underlying transaction.
 IFRIC 22 does not relate to goods or services accounted for at fair
 value or at the fair value of consideration paid or received at a
 date other than the date of initial recognition of the &lt;font style="WHITE-SPACE: nowrap"&gt;non-monetary&lt;/font&gt; asset or liability, or to
 income taxes, insurance contracts or reinsurance contracts. The
 foreign exchange rate on the day of the advance payment is used to
 measure the foreign currency transaction. If multiple advance
 payments are made or received, each payment is measured separately.
 The Company is assessing the impact of this standard. Adoption of
 IFRIC 22 is not expected to have a significant impact on the
 Company&amp;#x2019;s Consolidated Financial Statements.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(III)
 Amendments to IFRS 2 &amp;#x201C;Share-Based
 Payment&amp;#x201D;&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Amendments to IFRS 2
 &amp;#x201C;Share-Based Payment&amp;#x201D; were issued in June 2016 and are
 effective for annual periods beginning on or after January&amp;#xA0;1,
 2018, to be applied prospectively. The amendments clarify the
 effects of vesting and &lt;font style="WHITE-SPACE: nowrap"&gt;non-vesting&lt;/font&gt; conditions on the
 measurement of cash-settled share-based payments; provide guidance
 on the classification of share-based payment transactions with net
 settlement features for withholding tax obligations; and clarify
 accounting for modification to the terms and conditions of a
 share-based payment that changes the classification of the
 transaction from cash-settled to equity-settled. Adoption of these
 amendments is not expected to have a significant impact on the
 Company&amp;#x2019;s Consolidated Financial Statements.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(IV) IFRS
 9 &amp;#x201C;Financial Instruments&amp;#x201D;&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;IFRS 9 &amp;#x201C;Financial
 Instruments&amp;#x201D; was issued in November 2009 and amended in
 October 2010, November 2013 and July 2014, and is effective for
 years beginning on or after January&amp;#xA0;1, 2018, to be applied
 retrospectively, or on a modified retrospective basis.
 Additionally, the IASB issued amendments in October 2017 that are
 effective for annual periods beginning on or after
 January&amp;#xA0;1,&amp;#xA0;2019. The standard is intended to replace IAS
 39 &amp;#x201C;Financial Instruments: Recognition and
 Measurement&amp;#x201D;.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The project has been divided into
 three phases: classification and measurement, impairment of
 financial assets, and hedge accounting. IFRS 9&amp;#x2019;s current
 classification and measurement methodology provides that financial
 assets are measured at either amortized cost or fair value on the
 basis of the entity&amp;#x2019;s business model for managing the
 financial assets and the contractual cash flow characteristics of
 the financial assets. The classification and measurement for
 financial liabilities remains generally unchanged; however, for a
 financial liability designated as at fair value through profit or
 loss, revisions have been made in the accounting for changes in
 fair value attributable to changes in the credit risk of that
 liability. Gains or losses caused by changes in an entity&amp;#x2019;s
 own credit risk on such liabilities are no longer recognized in
 profit or loss but instead are reflected in OCI.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Revisions to hedge accounting were
 issued in November 2013 as part of the overall IFRS 9 project. The
 amendment introduces a new hedge accounting model, together with
 corresponding disclosures about risk management activities for
 those applying hedge accounting. The new model represents a
 substantial overhaul of hedge accounting that will enable entities
 to better reflect their risk management activities in their
 financial statements.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Revisions issued in July 2014
 replace the existing incurred loss model used for measuring the
 allowance for credit losses with an expected credit loss model.
 Changes were also made to the existing classification and
 measurement model designed primarily to address specific
 application issues raised by early adopters of the standard. The
 revision also addresses the income statement accounting mismatches
 and short-term volatility issues which have been identified as a
 result of the insurance contracts project.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Revisions issued in October 2017
 allow financial assets to be measured at amortized cost or fair
 value through OCI even if the lender is required to pay a
 reasonable compensation in the event of an early termination of the
 contract by the borrower (also referred to as prepayment features
 with negative compensation).&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company expects to defer IFRS
 9 until January&amp;#xA0;1, 2021 as allowed under the amendments to
 IFRS 4 &amp;#x201C;Insurance Contracts&amp;#x201D; outlined below. The
 Company is assessing the impact of this standard.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(V)
 Amendments to IFRS 4 &amp;#x201C;Insurance
 Contracts&amp;#x201D;&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Amendments to IFRS 4
 &amp;#x201C;Insurance Contracts&amp;#x201D; were issued in September 2016,
 which are effective for annual periods beginning on or after
 January&amp;#xA0;1, 2018. The amendments introduce two approaches to
 address concerns about the differing effective dates of IFRS 9
 &amp;#x201C;Financial Instruments&amp;#x201D; and IFRS 17 &amp;#x201C;Insurance
 Contracts&amp;#x201D;: the overlay approach and the deferral approach.
 The overlay approach provides an option for all issuers of
 insurance contracts to adjust profit or loss for eligible financial
 assets by removing any additional accounting volatility that may
 arise from applying IFRS 9 before IFRS 17 is implemented. The
 deferral approach provides companies whose activities are
 predominantly related to insurance an optional temporary exemption
 from applying IFRS 9 until January&amp;#xA0;1, 2021. The Company
 qualifies for the exemption and intends to defer IFRS 9 until
 January&amp;#xA0;1, 2021.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(VI) IFRS
 17 &amp;#x201C;Insurance Contracts&amp;#x201D;&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;IFRS 17 was issued in May 2017 and
 is effective for years beginning on January&amp;#xA0;1, 2021, and to be
 applied retrospectively. If full retrospective application to a
 group of contracts is impractical, the modified retrospective or
 fair value methods may be used. The standard will replace IFRS 4
 &amp;#x201C;Insurance Contracts&amp;#x201D; and will materially change the
 recognition and measurement of insurance contracts and the
 corresponding presentation and disclosures in the Company&amp;#x2019;s
 Financial Statements and MD&amp;amp;A. The Company is assessing the
 implications of this standard and expects that it will have a
 significant impact on the Company&amp;#x2019;s Consolidated Financial
 Statements. In addition, in certain jurisdictions, including
 Canada, it could have a material effect on tax and regulatory
 capital positions that are dependent upon IFRS accounting
 values.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;For life insurance companies, such
 as Manulife, that have long-duration products and/or regulatory and
 tax regimes dependent upon IFRS accounting values, the Company
 believes that an effective date of January&amp;#xA0;1, 2021 is
 aggressive. Therefore, while the Company&amp;#x2019;s implementation
 project is well underway, the Company and others in the life
 insurance industry are encouraging the IASB to defer the effective
 date.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(VII)
 IFRS 16 &amp;#x201C;Leases&amp;#x201D;&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;IFRS 16 &amp;#x201C;Leases&amp;#x201D; was
 issued in January 2016 and is effective for years beginning on or
 after January&amp;#xA0;1, 2019, to be applied retrospectively or on a
 modified retrospective basis. It will replace IAS 17
 &amp;#x201C;Leases&amp;#x201D; and IFRIC 4 &amp;#x201C;Determining whether an
 arrangement contains a lease&amp;#x201D;. IFRS 16 sets out the
 principles for the recognition, measurement, presentation and
 disclosure of leases for both parties to a contract, the customer
 (&amp;#x201C;lessee&amp;#x201D;) and the supplier (&amp;#x201C;lessor&amp;#x201D;). The
 standard brings most leases &lt;font style="WHITE-SPACE: nowrap"&gt;on-balance&lt;/font&gt; sheet for lessees under a
 single model, eliminating the previous classifications of operating
 and finance leases. Exemptions to this treatment are for lease
 contracts with low value assets or leases with duration of less
 than one year. The &lt;font style="WHITE-SPACE: nowrap"&gt;on-balance&lt;/font&gt; sheet treatment will result
 in the grossing up of the balance sheet due to &lt;font style="WHITE-SPACE: nowrap"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;right-of-use&lt;/font&gt;&lt;/font&gt; assets being
 recognized with offsetting liabilities. Lessor accounting will
 remain largely unchanged with previous classifications of operating
 and finance leases being maintained. The Company is assessing the
 impact of this standard.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(VIII)
 IFRS Interpretation Committee (&amp;#x201C;IFRIC&amp;#x201D;) Interpretation
 23 &amp;#x201C;Uncertainty over Income Tax
 Treatments&amp;#x201D;&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;IFRIC 23 &amp;#x201C;Uncertainty over
 Income Tax Treatments&amp;#x201D; was issued in June 2017 and is
 effective for years beginning on or after
 January&amp;#xA0;1,&amp;#xA0;2019, to be applied retrospectively. IFRIC 23
 provides guidance on applying the recognition and measurement
 requirements in IAS 12 when there is uncertainty over income tax
 treatments including whether uncertain tax treatments should be
 considered together or separately based on which approach better
 predicts resolution of the uncertainty. Adoption of IFRIC 23 is not
 expected to have a significant impact on the Company&amp;#x2019;s
 Consolidated Financial Statements.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(IX)
 Amendments to IAS 28 &amp;#x201C;Investments in Associates and Joint
 Ventures&amp;#x201D;&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Amendments to IAS 28
 &amp;#x201C;Investments in Associates and Joint Ventures&amp;#x201D; were
 issued in October 2017 and are effective for annual periods
 beginning on or after January&amp;#xA0;1, 2019, to be applied
 retrospectively. The amendments clarify that an entity applies IFRS
 9 &amp;#x201C;Financial Instruments&amp;#x201D; to financial interests in an
 associate or joint venture to which the equity method is not
 applied. IAS 39 is being applied to these interests until IFRS 9 is
 adopted in 2021. Adoption of these amendments is not expected to
 have a significant impact on the Company&amp;#x2019;s Consolidated
 Financial Statements.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(X)
 Annual Improvements 2015 &amp;#x2013; 2017 Cycle&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Annual Improvements
 2015&amp;#xA0;&amp;#x2013;&amp;#xA0;2017 Cycle was issued in December 2017 and
 is effective for years beginning on or after
 January&amp;#xA0;1,&amp;#xA0;2019. The IASB issued three minor amendments
 to different standards as part of the Annual Improvements process,
 with the amendments to be applied prospectively. Adoption of these
 amendments is not expected to have significant impact on the
 Company&amp;#x2019;s Consolidated Financial Statements.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</mfc:DescriptionOfAccountingPolicyForFutureAccountingAndReportingChangesExplanatory>
  <mfc:DisclosureOfInvestmentContractLiabilitiesMeasuredAtAmortizedCostAndFairValueAssociatedWithTheseContractsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_CA2CB884-0257-44E5-BFEE-3B4D266C5D84_1_0">&lt;div&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Investment contract liabilities
 measured at amortized cost are shown below. The fair value
 associated with these contracts is also shown for comparative
 purposes.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"&gt;
 &lt;font style="font-family:ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center"&gt;
 &lt;tr&gt;
 &lt;td width="63%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="font-size:1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="8" bgcolor="#DDE0DA"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="8"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td colspan="2" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c"&gt;2016&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;Amortized&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" align="right"&gt;cost&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;Fair value&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td colspan="2" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"&gt;Amortized&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" align="right"&gt;cost&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c"&gt;Fair value&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 U.S. fixed annuity products&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;1,282&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;1,433&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;1,412&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;1,516&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 Canadian fixed annuity products&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;1,205&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;1,354&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;1,232&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right"&gt;1,389&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"&gt;
 &lt;td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &lt;p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL"&gt;
 &lt;b&gt;Investment contract liabilities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;2,487&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"&gt;&lt;b&gt;2,787&lt;/b&gt;&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;2,644&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;
 $&lt;/td&gt;
 &lt;td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right"&gt;2,905&lt;/td&gt;
 &lt;td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfInvestmentContractLiabilitiesMeasuredAtAmortizedCostAndFairValueAssociatedWithTheseContractsExplanatory>
  <mfc:DisclosureOfAcquisitionsAndDistributionAgreementExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_9E9AC227-9765-46DC-BBBF-BEBD11339AD2_1_0">&lt;div&gt;
 &lt;p style="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#2A517F"&gt;&lt;b&gt;Note
 3&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;Acquisition and Distribution
 Agreements&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(a)
 Mandatory Provident Fund business of Standard
 Chartered&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;On November&amp;#xA0;1, 2016, the
 &lt;i&gt;C&lt;/i&gt;ompany completed its acquisition of Standard
 &lt;i&gt;C&lt;/i&gt;hartered&amp;#x2019;s Mandatory Provident Fund
 (&amp;#x201C;MPF&amp;#x201D;) and Occupational Retirement Schemes Ordinance
 (&amp;#x201C;ORSO&amp;#x201D;) businesses in Hong Kong, and the related
 investment management entity. In addition, on November&amp;#xA0;1,
 2016, the &lt;i&gt;C&lt;/i&gt;ompany commenced its &lt;font style="white-space:nowrap"&gt;15-year&lt;/font&gt; exclusive distribution
 partnership with Standard &lt;i&gt;C&lt;/i&gt;hartered. These arrangements
 significantly expand Manulife&amp;#x2019;s retirement business in Hong
 Kong. Total consideration of $392 was paid in cash.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(b)
 Distribution agreement with DBS Bank Ltd
 (&amp;#x201C;DBS&amp;#x201D;)&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Effective January&amp;#xA0;1, 2016, the
 &lt;i&gt;C&lt;/i&gt;ompany entered into a &lt;font style="white-space:nowrap"&gt;15-year&lt;/font&gt; regional distribution agreement
 with DBS covering Singapore, Hong&amp;#xA0;Kong, mainland &lt;i&gt;C&lt;/i&gt;hina
 and Indonesia. The arrangement expands the &lt;i&gt;C&lt;/i&gt;ompany&amp;#x2019;s
 strategy for growth in Asia. The &lt;i&gt;C&lt;/i&gt;ompany recognized $536 of
 distribution network intangible assets on the agreement&amp;#x2019;s
 effective date.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</mfc:DisclosureOfAcquisitionsAndDistributionAgreementExplanatory>
  <mfc:DisclosureOfCompositionOfInsuranceContractLiabilitiesAndReinsuranceAssetsByLineOfBusinessAndReportingSegmentExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_C9BCCDBC-6147-46F7-B1C8-76408EEEF88C_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The composition of insurance
 contract liabilities and reinsurance assets by line of business and
 reporting segment is as follows.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Gross
 insurance contract liabilities&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="43%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;Individual
 insurance&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 Participating&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;Non-&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;participating&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 Annuities&lt;br /&gt;
 and&lt;br /&gt;
 pensions&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 Other&lt;br /&gt;
 insurance&lt;br /&gt;
 contract&lt;br /&gt;
 liabilities&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Total,
 net of&lt;br /&gt;
 reinsurance&lt;br /&gt;
 ceded&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 Total&lt;br /&gt;
 reinsurance&lt;br /&gt;
 ceded&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 Total,&lt;br /&gt;
 gross&amp;#xA0;of&lt;br /&gt;
 reinsurance&lt;br /&gt;
 ceded&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Asia division&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;32,737&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;22,705&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,366&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,435&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;62,243&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;911&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;63,154&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Canadian division&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;11,132&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;34,091&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;19,141&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;11,834&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;76,198&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(676&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;75,522&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 U.S. division&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;8,569&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;57,599&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;26,161&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;43,522&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;135,851&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;29,952&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;165,803&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Corporate and Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(515&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;48&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;421&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(46&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;172&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;126&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total, net of reinsurance ceded&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;52,438&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;113,880&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;49,716&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;58,212&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;274,246&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;30,359&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;304,605&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total reinsurance ceded&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;11,492&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;11,238&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6,539&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,090&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;30,359&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total, gross of reinsurance ceded&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;63,930&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;125,118&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;56,255&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;59,302&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;304,605&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td bgcolor="#FFFFFF" height="16" colspan="8"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#FFFFFF" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#FFFFFF" valign="bottom" colspan="6" align="center"&gt;Individual
 insurance&lt;/td&gt;
 &lt;td bgcolor="#FFFFFF" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Participating&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;Non-&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;participating&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Annuities&lt;br /&gt;
 and&lt;br /&gt;
 pensions&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Other&lt;br /&gt;
 insurance&lt;br /&gt;
 contract&lt;br /&gt;
 liabilities&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Total, net of&lt;br /&gt;
 reinsurance&lt;br /&gt;
 ceded&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Total&lt;br /&gt;
 reinsurance&lt;br /&gt;
 ceded&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Total,&lt;br /&gt;
 gross&amp;#xA0;of&lt;br /&gt;
 reinsurance&lt;br /&gt;
 ceded&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Asia division&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;29,520&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18,799&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,599&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,649&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;54,567&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;880&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;55,447&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Canadian division&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,974&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;31,790&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;19,620&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;11,000&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;73,384&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;593&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;73,977&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 U.S. division&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9,419&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;56,484&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;28,529&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;40,760&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;135,192&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;33,220&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;168,412&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Corporate and Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(833&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;62&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;181&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(590&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;259&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(331&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total, net of reinsurance ceded&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;49,913&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;106,240&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;51,810&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;54,590&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;262,553&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;34,952&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;297,505&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total reinsurance ceded&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;13,558&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;12,122&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;8,159&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;1,113&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;34,952&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total, gross of reinsurance ceded&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;63,471&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;118,362&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;59,969&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;55,703&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;297,505&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Other insurance contract liabilities
 include group insurance and individual and group health including
 long-term care insurance.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfCompositionOfInsuranceContractLiabilitiesAndReinsuranceAssetsByLineOfBusinessAndReportingSegmentExplanatory>
  <mfc:DescriptionOfAccountingPolicyForReportingEntityExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_27427853-BCF6-4842-9D59-077FE55DC174_1_0">&lt;div&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(a)
 Reporting entity&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;Manulife Financial Corporation
 (&amp;#x201C;MFC&amp;#x201D;) is a publicly traded company and the holding
 company of The Manufacturers Life Insurance Company
 (&amp;#x201C;MLI&amp;#x201D;), a Canadian life insurance company. MFC and its
 subsidiaries (collectively, &amp;#x201C;Manulife&amp;#x201D; or the
 &amp;#x201C;Company&amp;#x201D;) is a leading financial services group with
 principal operations in Asia, Canada and the United States.
 Manulife&amp;#x2019;s international network of employees, agents and
 distribution partners offers financial protection and wealth
 management products and services to personal and business clients
 as well as asset management services to institutional customers.
 The Company operates as Manulife in Canada and Asia and as John
 Hancock in the United States.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;MFC is domiciled in Canada and
 incorporated under the Insurance Companies Act (Canada)
 (&amp;#x201C;ICA&amp;#x201D;). These Consolidated Financial Statements have
 been prepared in accordance with International Financial Reporting
 Standards (&amp;#x201C;IFRS&amp;#x201D;) as issued by the
 International&amp;#xA0;Accounting Standards Board
 (&amp;#x201C;IASB&amp;#x201D;).&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;These Consolidated Financial
 Statements should be read in conjunction with &amp;#x201C;Risk
 Management&amp;#x201D; in the 2017 Management&amp;#x2019;s Discussion and
 Analysis (&amp;#x201C;MD&amp;amp;A&amp;#x201D;) dealing with IFRS 7
 &amp;#x201C;Financial Instruments: Disclosures&amp;#x201D; as the discussion
 on market risk and liquidity risk includes certain disclosures that
 are considered an integral part of these Consolidated Financial
 Statements.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;These Consolidated Financial
 Statements as at and for the year ended December&amp;#xA0;31, 2017 were
 authorized for issue by MFC&amp;#x2019;s Board of Directors on
 February&amp;#xA0;7, 2018.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</mfc:DescriptionOfAccountingPolicyForReportingEntityExplanatory>
  <mfc:DescriptionOfAccountingPolicyForChangeInAccountingPolicyExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_A0756199-5568-4277-80F2-9AFCC5BEE1B6_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(a)
 Changes in accounting policy&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(I)
 Annual improvements to IFRS Standards 2014 &amp;#x2013; 2016
 Cycle&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Effective January&amp;#xA0;1, 2017,
 the Company adopted certain amendments issued within the Annual
 Improvements to IFRS Standards 2014-2016 Cycle, as issued by the
 IASB in December 2016. There are various minor amendments which are
 effective in 2017, with other amendments being effective
 January&amp;#xA0;1, 2018. The currently effective amendments were
 applied retrospectively. Adoption of these amendments did not have
 a significant impact on the Company&amp;#x2019;s Consolidated Financial
 Statements.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(II)
 Amendments to IAS 12 &amp;#x201C;Income
 Taxes&amp;#x201D;&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Effective January&amp;#xA0;1, 2017,
 the Company adopted the amendments issued in January 2016 to IAS 12
 &amp;#x201C;Income Taxes&amp;#x201D;. These amendments were applied
 retrospectively. The amendments clarify recognition of deferred tax
 assets relating to unrealized losses on debt instruments measured
 at fair value. A deductible temporary difference arises when the
 carrying amount of the debt instrument measured at fair value is
 less than the cost for tax purposes, irrespective of whether the
 debt instrument is held for sale or held to maturity. The
 recognition of the deferred tax asset that arises from this
 deductible temporary difference is considered in combination with
 other deferred taxes applying local tax law restrictions where
 applicable. In addition, when estimating future taxable profits,
 consideration can be given to recovering more than the
 asset&amp;#x2019;s carrying amount where probable. Adoption of these
 amendments did not have a significant impact on the Company&amp;#x2019;s
 Consolidated Financial Statements.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(III)
 Amendments to IAS 7 &amp;#x201C;Statement of Cash
 Flows&amp;#x201D;&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Effective January&amp;#xA0;1, 2017,
 the Company adopted the amendments issued in January 2016 to IAS 7
 &amp;#x201C;Statement of Cash Flows&amp;#x201D;. These amendments were
 applied prospectively. These amendments require companies to
 provide information about changes in their financing liabilities.
 Adoption of these amendments did not have a significant impact on
 the Company&amp;#x2019;s Consolidated Financial Statements.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</mfc:DescriptionOfAccountingPolicyForChangeInAccountingPolicyExplanatory>
  <mfc:DescriptionOfAccountingPolicyForInvestedAssetsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_4BEA5357-8BF0-4953-9897-2E286CE06BD4_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(e)
 Invested assets&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Invested assets that are
 considered financial instruments are classified as fair value
 through profit or loss (&amp;#x201C;FVTPL&amp;#x201D;), loans and
 receivables, or as &lt;font style="WHITE-SPACE: nowrap"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;available-for-sale&lt;/font&gt;&lt;/font&gt;
 (&amp;#x201C;AFS&amp;#x201D;) financial assets. The Company determines the
 classification of its financial assets at initial recognition.
 Invested assets are recognized initially at fair value plus, in the
 case of investments not at FVTPL, directly attributable transaction
 costs. Invested assets are classified as financial instruments at
 FVTPL if they are held for trading, if they are designated by
 management under the fair value option, or if they are designated
 by management when they include one or more embedded derivatives.
 Invested assets classified as AFS are &lt;font style="WHITE-SPACE: nowrap"&gt;non-derivative&lt;/font&gt; financial assets that
 do not fall into any of the other categories described
 above.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Valuation methods for the
 Company&amp;#x2019;s invested assets are described above. All fair value
 valuations are performed in accordance with IFRS 13 &amp;#x201C;Fair
 Value Measurement&amp;#x201D;. Disclosure of financial instruments
 carried at fair value with the three levels of the fair value
 hierarchy and the disclosure of the fair value for financial
 instruments not carried at fair value on the Consolidated
 Statements of Financial Position are presented in note 4. Fair
 value valuations are performed by the Company and by third-party
 service providers. When third-party service providers are engaged,
 the Company performs a variety of procedures to corroborate pricing
 information. These procedures may include, but are not limited to,
 inquiry and review of valuation techniques, inputs to the valuation
 and vendor controls reports.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Cash and short-term securities
 comprise cash, current operating accounts, overnight bank and term
 deposits, and fixed income securities held for the purpose of
 meeting short-term cash commitments. Short-term securities are
 carried at fair value. Short-term securities are comprised of
 investments due to mature within one year of the date of purchase.
 Commercial paper and discount notes are classified as Level&amp;#xA0;2
 because these securities are typically not actively traded. Net
 payments in transit and overdraft bank balances are included in
 other liabilities.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Debt securities are carried at
 fair value. Debt securities are generally valued by independent
 pricing vendors using proprietary pricing models incorporating
 current market inputs for similar instruments with comparable terms
 and credit quality (matrix pricing). The significant inputs
 include, but are not limited to, yield curves, credit risks and
 spreads, measures of volatility and prepayment rates. These debt
 securities are classified as Level&amp;#xA0;2, but can be Level&amp;#xA0;3
 if the significant inputs are market unobservable. Realized gains
 and losses on sale of debt securities and unrealized gains and
 losses on debt securities designated as FVTPL are recognized in
 investment income immediately. Unrealized gains and losses on AFS
 debt securities are recorded in OCI, with the exception of
 unrealized gains and losses on foreign currency translation which
 are included in income. Impairment losses on AFS debt securities
 are recognized in income on an individual security basis when there
 is objective evidence of impairment. Impairment is considered to
 have occurred, based on management&amp;#x2019;s judgment, when it is
 deemed probable that the Company will not be able to collect all
 amounts due according to the debt security&amp;#x2019;s contractual
 terms.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Equities are comprised of common
 and preferred equities and are carried at fair value. Equities are
 generally classified as Level&amp;#xA0;1, as fair values are normally
 based on quoted market prices. Realized gains and losses on sale of
 equities and unrealized gains and losses on equities designated as
 FVTPL are recognized in investment income immediately. Unrealized
 gains and losses on AFS equities are recorded in OCI. Impairment
 losses on AFS equities are recognized in income on an individual
 security basis when there is objective evidence of impairment.
 Impairment is considered to have occurred when fair value has
 declined below cost by significant amounts or for prolonged periods
 of time. Judgment is applied in determining whether the decline is
 significant or prolonged.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Mortgages are carried at amortized
 cost, and are classified as Level&amp;#xA0;3 for fair value purposes
 due to the lack of market observability of certain significant
 valuation inputs. Realized gains and losses are recorded in
 investment income immediately. Impairment losses are recorded on
 mortgages when there is no longer reasonable assurance as to the
 timely collection of the full amount of principal and interest and
 are measured based on the discounted value of expected future cash
 flows at the original effective interest rates inherent in the
 mortgage. Expected future cash flows of impaired mortgages are
 typically determined in reference to the fair value of collateral
 security underlying the mortgage, net of expected costs of
 realization and any applicable insurance recoveries. Significant
 judgment is applied in the determination of impairment including
 the timing and amount of future collections.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company accounts for insured
 and uninsured mortgage securitizations as secured financing
 transactions since the criteria for sale accounting are not met.
 For these transactions, the Company continues to recognize the
 mortgages and records a liability in other liabilities for the
 amounts owed at maturity. Interest income from these mortgages and
 interest expense on the borrowings are recorded using the effective
 interest rate method.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Private placements, which include
 corporate loans for which there is no active market, are carried at
 amortized cost and are generally classified as Level&amp;#xA0;2 for
 fair value disclosure purposes, but can be classified as
 Level&amp;#xA0;3 if significant inputs are market unobservable.
 Realized gains and losses are recorded in income immediately.
 Impairment losses are recorded on private placements when there is
 no longer assurance as to the timely collection of the full amount
 of principal and interest. Impairment is measured based on the
 discounted value of expected future cash flows at the original
 effective interest rate inherent in the loan. Significant judgment
 is applied in the determination of impairment including the timing
 and amount of future collections.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Policy loans are carried at an
 amount equal to their unpaid balances and are classified as
 Level&amp;#xA0;2 for fair value disclosure purposes. Policy loans are
 fully collateralized by the cash surrender value of the underlying
 policies.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Loans to Manulife Bank of Canada
 (&amp;#x201C;Manulife Bank&amp;#x201D; or &amp;#x201C;Bank&amp;#x201D;) clients are
 carried at unpaid principal balances less allowance for credit
 losses, if any, and are classified as Level&amp;#xA0;2 for fair value
 disclosure purposes. A loan to a Bank client is considered impaired
 when there is objective evidence of impairment as a result of one
 or more loss events that have occurred after initial recognition,
 with a negative impact on the estimated future cash flows of the
 loan.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Once established, allowances for
 impairment of mortgages, private placements and loans to Bank
 clients are reversed only if the conditions that caused the
 impairment no longer exist. Reversals of impairment charges on AFS
 debt securities are only recognized in income to the extent that
 increases in fair value can be attributed to events subsequent to
 the impairment loss being recorded. Impairment losses for AFS
 equity instruments are not reversed through income. On disposition
 of an impaired asset, any allowance for impairment is
 released.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;In addition to impairments and
 provisions for loan losses (recoveries) reported in investment
 income, the measurement of insurance contract liabilities via
 investment return assumptions, includes expected future credit
 losses on fixed income investments. Refer to
 note&amp;#xA0;8(d).&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Interest income is recognized on
 debt securities, mortgages, private placements, policy loans and
 loans to Bank clients as it accrues and is calculated using the
 effective interest rate method. Premiums, discounts and transaction
 costs are amortized over the life of the underlying investment
 using the effective yield method for all debt securities as well as
 mortgages and private placements measured at amortized
 cost.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company records purchases and
 sales of invested assets on a trade date basis, except for loans
 originated by the Company, which are recognized on a settlement
 date basis.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Real estate consists of both own
 use and investment property. Own use property is carried at cost
 less accumulated depreciation and any accumulated impairment
 losses. Depreciation is calculated based on the cost of an asset
 less its residual value and is recognized in income on a
 straight-line basis over the estimated useful life ranging from 30
 to 60 years. Impairment losses are recorded in income to the extent
 the recoverable amount is less than the carrying amount. Where own
 use property is included in assets backing insurance contract
 liabilities, the fair value of the property is used in the
 valuation of insurance contract liabilities. Own use property is
 classified as Level&amp;#xA0;3 for fair value disclosure
 purposes.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;An investment property is a
 property held to earn rental income, for capital appreciation, or
 both. Investment properties are measured at fair value, with
 changes in fair value recognized in income. Fair value is
 determined using external appraisals that are based on the highest
 and best use of the property. The valuation techniques used include
 discounted cash flows, the direct capitalization method as well as
 comparable sales analysis and include both observable and
 unobservable inputs. Inputs include existing and assumed tenancies,
 market data from recent comparable transactions, future economic
 outlook and market risk assumptions, capitalization rates and
 internal rates of return. Investment properties are classified as
 Level&amp;#xA0;3 for fair value disclosure purposes.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;When a property changes from own
 use to investment property, any gain arising on the remeasurement
 of the property to fair value at the date of transfer is recognized
 in OCI, to the extent that it is not reversing a previous
 impairment loss. Reversals of impairment losses are recognized in
 income.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Other invested assets include
 private equity and property investments held in power and
 infrastructure and timber, as well as in agriculture and oil and
 gas sectors. Private equity investments are accounted for as
 associates using the equity method (as described in note 1(d)
 above) or are classified as FVTPL or AFS and carried at fair value.
 Investments in oil and gas exploration and evaluation activities
 are measured on the cost basis using the &amp;#x201C;successful
 efforts&amp;#x201D; method. Timber and agriculture properties are
 measured at fair value with changes in fair value recognized in
 income, with the exception of buildings, equipment and bearer
 plants which are measured at amortized cost. The fair value of
 other invested assets is determined using a variety of valuation
 techniques as described in note 4. Other invested assets that are
 measured or disclosed at fair value are classified as
 Level&amp;#xA0;3.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Other invested assets also include
 investments in leveraged leases, which are accounted for using the
 equity method. The carrying value under the equity method reflects
 the amortized cost of the lease receivable and related &lt;font style="WHITE-SPACE: nowrap"&gt;non-recourse&lt;/font&gt; debt using the effective
 yield method.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</mfc:DescriptionOfAccountingPolicyForInvestedAssetsExplanatory>
  <mfc:DescriptionOfAccountingPolicyForMiscellaneousAssetsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_478F3D18-D4DB-4324-8870-3B68D0BE41CF_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(g)
 Miscellaneous assets&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Miscellaneous assets include
 assets held in a rabbi trust with respect to unfunded defined
 benefit obligations, defined benefit assets, if any (refer to note
 1(o)), deferred acquisition costs and capital assets. Deferred
 acquisition costs are carried at cost less accumulated
 amortization. These costs are recognized over the period where
 redemption fees may be charged or over the period revenue is
 earned. Capital assets are carried at cost less accumulated
 amortization computed on a straight-line basis over their estimated
 useful lives, which vary from two to 10 years.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</mfc:DescriptionOfAccountingPolicyForMiscellaneousAssetsExplanatory>
  <mfc:DescriptionOfAccountingPolicyForSegregatedFundsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_8969815D-D62C-4F0C-B2AD-FF1F472816AE_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(h)
 Segregated funds&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company manages a number of
 segregated funds on behalf of policyholders. The investment returns
 on these funds are passed directly to policyholders. In some cases,
 the Company has provided guarantees associated with these
 funds.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Segregated funds net assets are
 measured at fair value and primarily include investments in mutual
 funds, debt securities, equities, real estate, short-term
 investments and cash and cash equivalents. With respect to the
 consolidation requirement of IFRS, in assessing the Company&amp;#x2019;s
 degree of control over the underlying investments, the Company
 considers the scope of its decision-making rights, the rights held
 by other parties, its remuneration as an investment manager and its
 exposure to variability of returns. The Company has determined that
 it does not have control over the underlying investments as it acts
 as an agent on behalf of segregated fund policyholders.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The methodology applied to
 determine the fair value of investments held in segregated funds is
 consistent with that applied to invested assets held by the general
 fund, as described above in note 1(e). Segregated funds liabilities
 are measured based on the value of the segregated funds net assets.
 Investment returns on segregated funds assets belong to
 policyholders and the Company does not bear the risk associated
 with these assets outside of guarantees offered on certain variable
 life and annuity products, for which the underlying investments are
 held within segregated funds. Accordingly, investment income earned
 by segregated funds and expenses incurred by segregated funds are
 offset and are not separately presented in the Consolidated
 Statements of Income. Fee income earned by the Company for managing
 the segregated funds is included in other revenue. Refer to note
 22.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Liabilities related to guarantees
 associated with certain segregated funds, as a result of certain
 variable life and annuity contracts, are recorded within the
 Company&amp;#x2019;s insurance contract liabilities. The Company holds
 assets supporting these guarantees which are recognized in invested
 assets according to their investment type.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</mfc:DescriptionOfAccountingPolicyForSegregatedFundsExplanatory>
  <mfc:DescriptionOfAccountingPolicyForBasisOfPreparationExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_155C68FE-09DB-42D8-98C8-2BFF1BA60FFB_1_0">&lt;div&gt;
 &lt;p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(b) Basis
 of preparation&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The preparation of Consolidated
 Financial Statements in conformity with IFRS requires management to
 make judgments, estimates and assumptions that affect the
 application of accounting policies and the reported amounts of
 assets and liabilities, and the disclosure of contingent assets and
 liabilities as at the date of the Consolidated Financial
 Statements, and the reported amounts of revenue and expenses during
 the reporting periods. Actual results may differ from these
 estimates. The most significant estimation processes relate to
 assumptions used in measuring insurance and investment contract
 liabilities, assessing assets for impairment, determining of
 pension and other post-employment benefit obligation and expense
 assumptions, determining income taxes and uncertain tax positions
 and fair valuation of certain invested assets. Estimates and
 underlying assumptions are reviewed on an ongoing basis. Revisions
 to accounting estimates are recognized in the year in which the
 estimates are revised and in any future years affected. Although
 some variability is inherent in these estimates, management
 believes that the amounts recorded are appropriate. The significant
 accounting policies used and the most significant judgments made by
 management in applying these accounting policies in the preparation
 of these Consolidated Financial Statements are summarized
 below.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</mfc:DescriptionOfAccountingPolicyForBasisOfPreparationExplanatory>
  <mfc:DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_9B046B21-39F9-4A28-93BB-9E1E13FEB36E_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;for unreported claims and
 policyholder amounts on deposit. The components of gross and net
 insurance contract liabilities are shown below.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="79%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Gross insurance contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;291,767&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;284,778&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Gross benefits payable and provision for unreported claims&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,376&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,309&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Gross policyholder amounts on deposit&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;9,462&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;9,418&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Gross insurance contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;304,605&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;297,505&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Reinsurance assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(30,359&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(34,952&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net insurance contract liabilities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;274,246&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;262,553&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsExplanatory>
  <mfc:DescriptionOfAccountingPolicyForInterestRateAndSpreadRiskSensitivitiesAndExposureMeasuresExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_8904E2FC-6A32-45A8-B372-5FDD901B6503_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; MARGIN-LEFT: 0px; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Interest Rate and Spread Risk
 Sensitivities and Exposure Measures&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="FONT-SIZE: medium; MAX-WIDTH: 100%; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); PADDING-BOTTOM: 3pt; FONT-STYLE: normal; PADDING-TOP: 2pt; MARGIN-LEFT: -15px; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -15px; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 15px"&gt;
 At December&amp;#xA0;31, 2017, we estimated the sensitivity of our net
 income attributed to shareholders to a 50 basis point parallel
 decline in interest rates to be a charge of $200 million, and to a
 50 basis point increase in interest rates to be a benefit of $100
 million.&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 15px 0pt"&gt;The
 table below shows the potential impact on net income attributed to
 shareholders from a 50 basis point parallel move in interest rates.
 This includes a change of 50 basis points in current government,
 swap and corporate rates for all maturities across all markets&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 0pt 15px"&gt;
 with no change in credit spreads between government, swap and
 corporate rates, and with a floor of zero on government rates where
 government rates are not currently negative, relative to the rates
 assumed in the valuation of policy liabilities, including embedded
 derivatives. For variable annuity guarantee liabilities that are
 dynamically hedged, it is assumed that interest rate hedges are
 rebalanced at 20 basis point intervals.&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 15px 0pt"&gt;As the
 sensitivity to a 50 basis point change in interest rates includes
 any associated change in the applicable reinvestment scenarios, the
 impact of changes to interest rates for less than, or more than 50
 basis points is unlikely to be linear. Furthermore, our
 sensitivities are not consistent across all regions in which we
 operate, and the impact of yield curve changes will vary depending
 upon the geography where the change occurs. Reinvestment
 assumptions used in the valuation of policy liabilities tend to
 amplify the negative effects of a decrease in interest rates, and
 dampen the positive effects of interest rate increases. This is
 because the reinvestment assumptions used in the valuation of our
 insurance liabilities are based on interest rate scenarios and
 calibration criteria set by the Actuarial Standards Board, while
 our interest rate hedges are valued using current market interest
 rates. Therefore, in any particular quarter, changes to the
 reinvestment assumptions are not fully aligned to changes in
 current market interest rates especially when there is a
 significant change in the shape of the interest rate curve. As a
 result, the impact from non-parallel movements may be materially
 different from the estimated impact of parallel movements. For
 example, if long-term interest rates increase more than short-term
 interest rates (sometimes referred to as a steepening of the yield
 curve) in North America, the decrease in the value of our swaps may
 be greater than the decrease in the value of our insurance
 liabilities. This could result in a charge to net income attributed
 to shareholders in the short-term even though the rising and
 steepening, if sustained, may have a positive long-term economic
 impact.&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 15px 0pt"&gt;The
 potential impact on net income attributed to shareholders does not
 take into account any future potential changes to our URR
 assumptions or calibration criteria for stochastic risk-free rates
 or other potential impacts of lower interest rate levels, for
 example, increased strain on the sale of new business or lower
 interest earned on our surplus assets. The impact also does not
 reflect any unrealized gains or losses on AFS fixed income assets
 held in our surplus segment. Changes in the market value of these
 assets may provide a natural economic offset to the interest rate
 risk arising from our product liabilities. In order for there to
 also be an accounting offset, the Company would need to realize a
 portion of the AFS fixed income asset unrealized gains or losses.
 It is not certain we would crystallize any of the unrealized gains
 or losses available. As at December&amp;#xA0;31, 2017, the AFS fixed
 income assets held in the surplus segment were in a net after-tax
 unrealized loss position of $223 million.&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 15px 0pt"&gt;The
 impact does not reflect any potential effect of changing interest
 rates to the value of our ALDA assets. Rising interest rates could
 negatively impact the value of our ALDA assets (see &amp;#x201C;Critical
 Accounting and Actuarial Policies &amp;#x2013; Fair Value of Invested
 Assets&amp;#x201D;, below). More information on ALDA can be found under
 the section &amp;#x201C;Alternative Long-Duration Asset Performance Risk
 Sensitivities and Exposure Measures&amp;#x201D;, below.&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 15px 0pt"&gt;
 The following table shows the potential impact on net income
 attributed to shareholders including the change in the market value
 of AFS fixed income assets held in our surplus segment, which could
 be realized through the sale of these assets.&lt;/p&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; MARGIN-LEFT: 0px; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Potential impact on net income attributed
 to shareholders and MLI&amp;#x2019;s MCCSR ratio of an immediate
 parallel change in interest rates relative to rates assumed in the
 valuation of policy liabilities&lt;/b&gt;&lt;/font&gt;&lt;font style="FONT-SIZE: 6pt; FONT-FAMILY: ARIAL" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 6px; VERTICAL-ALIGN: top"&gt;(1),(2),(3),(4),(5)&lt;/sup&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td width="80%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; break-inside: avoid" bgcolor="#E9EDF2"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid" bgcolor="#E9EDF2"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid" bgcolor="#E9EDF2"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;-50bp&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;+50bp&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;-50bp&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;+50bp&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid" bgcolor="#E9EDF2"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net income attributed to shareholders ($ millions)&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid" bgcolor="#E9EDF2"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Excluding change in market value of AFS fixed income assets held in
 the surplus segment&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(200&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;100&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid" bgcolor="#E9EDF2"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 From fair value changes in AFS fixed income assets held in surplus,
 if realized&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;1,100&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(1,000)&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;1,000&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(900)&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;MLI&amp;#x2019;s MCCSR ratio (Percentage points)&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Before impact of change in market value of AFS fixed income assets
 held in the surplus segment&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(7&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(6&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;5&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 From fair value changes in AFS fixed income assets held in surplus,
 if realized&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(5&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(4)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="FONT-SIZE: medium; MAX-WIDTH: 100%; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); PADDING-BOTTOM: 3pt; FONT-STYLE: normal; PADDING-TOP: 2pt; MARGIN-LEFT: -15px; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -15px; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;See &amp;#x201C;Caution Related to
 Sensitivities&amp;#x201D; above. In addition, estimates exclude changes
 to the net actuarial gains/losses with respect to the
 Company&amp;#x2019;s pension obligations as a result of changes in
 interest rates, as the impact on the quoted sensitivities is not
 considered to be material.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The sensitivities as at
 December&amp;#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&amp;#xA0;1, 2018 and the decision to change
 the portfolio asset mix supporting our legacy businesses over the
 next 12-18 months.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Includes guaranteed insurance and
 annuity products, including variable annuity contracts as well as
 adjustable benefit products where benefits are generally adjusted
 as interest rates and investment returns change, a portion of which
 have minimum credited rate guarantees. For adjustable benefit
 products subject to minimum rate guarantees, the sensitivities are
 based on the assumption that credited rates will be floored at the
 minimum.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The amount of gain or loss that can
 be realized on AFS fixed income assets held in the surplus segment
 will depend on the aggregate amount of unrealized gain or
 loss.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;div style="FONT-SIZE: medium; MAX-WIDTH: 100%; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); PADDING-BOTTOM: 3pt; FONT-STYLE: normal; PADDING-TOP: 2pt; MARGIN-LEFT: -15px; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -15px; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 0pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Sensitivities are based on projected
 asset and liability cash flows and the impact of realizing fair
 value changes in AFS fixed income is based on the holdings at the
 end of the period.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The impact on MLI&amp;#x2019;s MCCSR ratio
 includes both the impact of lower earnings on available capital as
 well as the increase in required capital that results from a
 decline in&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="2%" align="right"&gt;interest&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;rates.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; MARGIN-LEFT: 0px; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The $200 million increase in sensitivity to a 50 basis point
 decline in interest rates from December&amp;#xA0;31, 2016 was primarily
 due to normal rebalancing as part of our interest risk hedging
 program and our decision to reduce the allocation to ALDA in the
 portfolio asset mix supporting our North American legacy businesses
 over the next 12-18 months. Since the decision to change the
 portfolio asset mix supporting our legacy businesses requires us to
 complete multiple asset dispositions over the next 12-18 months, we
 are exposed to the rates at which the proceeds from these
 dispositions can be reinvested.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; MARGIN-LEFT: 0px; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following tables show the potential impact on net income
 attributed to shareholders resulting from a change in corporate
 spreads and swap spreads over government bond rates for all
 maturities across all markets with a floor of zero on the total
 interest rate, relative to the spreads assumed in the valuation of
 policy liabilities.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; MARGIN-LEFT: 0px; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Potential impact on net income attributed
 to shareholders arising from changes to corporate spreads and swap
 spreads&lt;/b&gt;&lt;/font&gt;&lt;font style="FONT-SIZE: 6pt; FONT-FAMILY: ARIAL" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 6px; VERTICAL-ALIGN: top"&gt;(1),(2),(3),(4)&lt;/sup&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="FONT-SIZE: medium; MAX-WIDTH: 100%; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); PADDING-BOTTOM: 3pt; FONT-STYLE: normal; PADDING-TOP: 2pt; MARGIN-LEFT: -15px; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -15px; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="87%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at
 December&amp;#xA0;31,&lt;/b&gt;&amp;#xA0;&lt;/font&gt;&lt;br /&gt;
 ($ millions)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Corporate spreads&lt;/b&gt;&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(5),(6)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Increase 50 basis points&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;1,000&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;700&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Decrease 50 basis points&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;&lt;b&gt;(1,000&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(800&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Swap spreads&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Increase 20 basis points&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;(400&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(500&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Decrease 20 basis points&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&lt;b&gt;400&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;500&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;See &amp;#x201C;Caution Related to
 Sensitivities&amp;#x201D; above.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The sensitivities as at
 December&amp;#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&amp;#xA0;1, 2018 and the decision to change
 the portfolio asset mix of our North American legacy businesses
 over the next 12-18 months.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The impact on net income attributed
 to shareholders assumes no gains or losses are realized on our AFS
 fixed income assets held in the surplus segment and excludes the
 impact of changes in segregated fund bond values due to changes in
 credit spreads. The participating policy funds are largely
 self-supporting and generate no material impact on net income
 attributed to shareholders as a result of changes in corporate and
 swap spreads.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Sensitivities are based on projected
 asset and liability cash flows.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Corporate spreads are assumed to
 grade to the long-term average over five years.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;As the sensitivity to a 50 basis
 point decline in corporate spreads includes the impact of a change
 in deterministic reinvestment scenarios where applicable, the
 impact of changes to corporate spreads for less than, or more than,
 the amounts indicated are unlikely to be linear.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; MARGIN-LEFT: 0px; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The $200 million increase in sensitivity to a 50 basis point
 decline in corporate spreads from December&amp;#xA0;31, 2016 was
 primarily due to our decision to reduce the allocation to ALDA in
 the portfolio asset mix supporting our North American legacy
 businesses over the next 12-18 months and the lower U.S. corporate
 tax rates effective January&amp;#xA0;1, 2018. Since the decision to
 change the portfolio asset mix supporting our legacy businesses
 requires us to complete multiple asset dispositions over the next
 12-18 months, we are exposed to the rates at which the proceeds
 from these dispositions can be reinvested.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; MARGIN-LEFT: 0px; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Swap spreads remain at low levels, and if they were to rise, this
 could generate material charges to net income attributed to
 shareholders.&lt;/p&gt;
 &lt;/div&gt;</mfc:DescriptionOfAccountingPolicyForInterestRateAndSpreadRiskSensitivitiesAndExposureMeasuresExplanatory>
  <mfc:DescriptionOfAccountingPolicyForVariableAnnuityDynamicHedgingStrategyExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_B739FF56-D886-4A73-8E05-0BA01C8CF425_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Variable
 Annuity Dynamic Hedging Strategy&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The variable annuity dynamic
 hedging strategy is designed to hedge the sensitivity of variable
 annuity guarantee policy liabilities and available capital to fund
 performance (both public equity and bond funds) and interest rate
 movements. The objective of the variable annuity dynamic hedging
 strategy is to offset, as closely as possible, the change in the
 economic value of guarantees with the profit and loss from our
 hedge asset portfolio. The economic value of guarantees moves in
 close tandem, but not exactly, with our variable annuity guarantee
 policy liabilities, as it reflects best estimate liabilities and
 does not include any liability provisions for adverse
 deviations.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Our current variable annuity
 guarantee dynamic hedging approach is to short exchange-traded
 equity index and government bond futures and execute currency
 futures and lengthening interest rate swaps to hedge sensitivity of
 policy liabilities to fund performance and interest rate movements
 arising from variable annuity guarantees. We dynamically rebalance
 these hedge instruments as market conditions change, in order to
 maintain the hedged position within established limits. Other
 derivative instruments (such as equity and interest rate options)
 are also utilized and we may consider the use of additional hedge
 instruments opportunistically in the future.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Our variable annuity guarantee
 dynamic hedging strategy is not designed to completely offset the
 sensitivity of policy liabilities to all risks associated with the
 guarantees embedded in these products. The profit (loss) on the
 hedge instruments will not completely offset the underlying losses
 (gains) related to the guarantee liabilities hedged
 because:&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Policyholder behaviour and mortality
 experience are not hedged;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Provisions for adverse deviation in
 the policy liabilities are not hedged;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;A portion of interest rate risk is
 not hedged;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Credit spreads widen and actions are
 not taken to adjust accordingly;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%"&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Fund performance on a small portion
 of the underlying funds is not hedged due to lack of availability
 of effective exchange-traded hedge instruments;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Performance of the underlying funds
 hedged may differ from the performance of the corresponding hedge
 instruments;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Correlations between interest rates
 and equity markets could lead to unfavourable material
 impacts;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Unfavourable hedge rebalancing costs
 can be incurred during periods of high volatility from equity
 markets, bond markets and/or interest rates. The impact is
 magnified when these impacts occur concurrently; and&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Not all other risks are hedged.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;/div&gt;</mfc:DescriptionOfAccountingPolicyForVariableAnnuityDynamicHedgingStrategyExplanatory>
  <mfc:DescriptionOfAccountingPolicyForMacroEquityRiskHedgingStrategyExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_9D747CA4-A33C-47BF-A905-15A281C0F549_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Macro
 Equity Risk Hedging Strategy&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The objective of the macro equity
 risk hedging program is to maintain our overall earnings
 sensitivity to public equity market movements within our Board
 approved risk appetite limits. The macro equity risk hedging
 program is designed to hedge earnings sensitivity due to movements
 in public equity markets arising from all sources (outside of
 dynamically hedged exposures). Sources of equity market sensitivity
 addressed by the macro equity risk hedging program
 include:&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Residual equity and currency exposure
 from variable annuity guarantees not dynamically hedged;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;General fund equity holdings backing
 non-participating liabilities;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Variable life insurance;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Unhedged provisions for adverse
 deviation related to variable annuity guarantees dynamically
 hedged; and&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;font style="FONT-FAMILY: Times New Roman" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;&amp;#x220E;&lt;/sup&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Variable annuity fees not associated
 with guarantees and fees on segregated funds without guarantees,
 mutual funds and institutional assets managed.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;/div&gt;</mfc:DescriptionOfAccountingPolicyForMacroEquityRiskHedgingStrategyExplanatory>
  <mfc:DescriptionOfAccountingPolicyForInvestmentCategoriesForVariableContractsWithGuaranteesExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_AF79A30A-F2E0-4D7E-ABCC-02B1742AF905_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;strong&gt;Investment&lt;/strong&gt; &lt;strong&gt;categories for
 variable contracts with guarantees&lt;/strong&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&amp;#xA0;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;Variable
 contracts with guarantees, including variable annuities and
 variable life, are invested, at the policyholder&amp;#x2019;s discretion
 subject to contract limitations, in various fund types within the
 segregated fund accounts and other investments. The account
 balances by investment category are set out
 below.&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&amp;#xA0;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 5pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&amp;#xA0;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="78%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 ($ millions)&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Investment category&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity funds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;47,508&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;41,805&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Balanced funds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;47,369&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;57,571&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Bond funds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;13,095&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;11,588&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Money market funds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,905&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,127&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other fixed interest rate investments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,777&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,807&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;111,654&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;114,898&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&amp;#xA0;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</mfc:DescriptionOfAccountingPolicyForInvestmentCategoriesForVariableContractsWithGuaranteesExplanatory>
  <mfc:DisclosureOfInvestmentCategoriesForVariableContractsWithGuaranteesExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_32611B76-3E71-454E-8310-8A67804A1543_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Variable contracts with
 guarantees, including variable annuities and variable life, are
 invested, at the policyholder&amp;#x2019;s discretion subject to
 contract limitations, in various fund types within the segregated
 fund accounts and other investments. The account balances by
 investment category are set out below.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;As at
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 5pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="78%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 ($ millions)&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Investment category&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity funds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;47,508&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;41,805&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Balanced funds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;47,369&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;57,571&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Bond funds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;13,095&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;11,588&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Money market funds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,905&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,127&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other fixed interest rate investments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,777&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,807&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;111,654&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;114,898&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfInvestmentCategoriesForVariableContractsWithGuaranteesExplanatory>
  <mfc:DescriptionOfAccountingPolicyForCautionRelatedToSensitivitiesExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_8392AB99-195F-4BAB-B2B1-8A9D9521CBD0_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Caution
 Related to Sensitivities&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;In the sections that follow, we
 provide sensitivities and risk exposure measures for certain risks.
 These include sensitivities due to specific changes in market
 prices and interest rate levels projected using internal models as
 at a specific date, and are measured relative to a starting level
 reflecting the Company&amp;#x2019;s assets and liabilities at that date
 and the actuarial factors, investment activity and investment
 returns assumed in the determination of policy liabilities. The
 risk exposures measure the impact of changing one factor at a time
 and assume that all other factors remain unchanged. Actual results
 can differ significantly from these estimates for a variety of
 reasons including the interaction among these factors when more
 than one changes; changes in actuarial and investment return and
 future investment activity assumptions; actual experience differing
 from the assumptions, changes in business mix, effective tax rates
 and other market factors; and the general limitations of our
 internal models. For these reasons, the sensitivities should only
 be viewed as directional estimates of the underlying sensitivities
 for the respective factors based on the assumptions outlined below.
 Given the nature of these calculations, we cannot provide assurance
 that the actual impact on net income attributed to shareholders
 will be as indicated&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;or on MLI&amp;#x2019;s MCCSR ratio will
 be as indicated. As noted above, LICAT replaced the MCCSR
 regulatory capital framework on&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;January&amp;#xA0;1,&amp;#xA0;2018 and we
 will update the sensitivity measures for the change in capital
 framework in May 2018.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</mfc:DescriptionOfAccountingPolicyForCautionRelatedToSensitivitiesExplanatory>
  <mfc:DisclosureOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_ACA0E167-3852-4EED-800D-C77AF11BE1A9_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Potential
 immediate impact on net income attributed to shareholders arising
 from changes to public equity returns&lt;/b&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1),(2),(3),(4)&lt;/sup&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 4pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%"&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="55%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;b&gt;As at December&amp;#xA0;31, 2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 ($ millions)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;-30%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;-20%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;-10%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;10%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;20%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;30%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Underlying sensitivity to net income attributed to
 shareholders&lt;/b&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Variable annuity guarantees&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(3,940&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(2,260&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(960&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;670&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,110&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,410&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Asset based fees&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(510&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(340&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(170&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;170&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;340&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;510&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 General fund equity investments&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(930&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(590&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(270&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;270&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;540&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;810&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total underlying sensitivity before hedging&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(5,380&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(3,190&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,400&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,110&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,990&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,730&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Impact of macro and dynamic hedge assets&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(7)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,220&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,850&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;790&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(640&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,100&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,410&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net potential impact on net income after impact of
 hedging&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2,160&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,340&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(610&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;470&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;890&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,320&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 ($ millions)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;-30%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;-20%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;-10%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;10%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;20%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;30%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" colspan="4"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Underlying sensitivity to net income attributed to
 shareholders&lt;/b&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Variable annuity guarantees&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(4,830&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2,920&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,290&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,000&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,690&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,170&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Asset based fees&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(410&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(280&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(140&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;140&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;280&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;410&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 General fund equity investments&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(910&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(590&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(270&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;240&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;490&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;750&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total underlying sensitivity before hedging&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(6,150&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(3,790&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(1,700&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;1,380&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;2,460&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;3,330&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Impact of macro and dynamic hedge assets&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(7)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;4,050&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;2,440&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;1,060&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(910&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(1,610&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(2,160&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net potential impact on net income attributed to shareholders
 after impact of hedging&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;(2,100&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;(1,350&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;(640&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;470&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;850&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;1,170&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;See &amp;#x201C;Caution Related to
 Sensitivities&amp;#x201D; above.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The sensitivities as at
 December&amp;#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&amp;#xA0;1, 2018. Due to the lower
 effective tax rate, the after-tax impact of changes to public
 equity returns increases.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The tables above show the potential
 impact on net income attributed to shareholders resulting from an
 immediate 10%, 20% and 30% change in market values of publicly
 traded equities followed by a return to the expected level of
 growth assumed in the valuation of policy liabilities.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Please refer to &amp;#x201C;Sensitivity of
 Earnings to Changes in Assumptions&amp;#x201D; for more information on
 the level of growth assumed and on the net income sensitivity to
 changes in these long-term assumptions.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Defined as earnings sensitivity to a
 change in public equity markets including settlements on
 reinsurance contracts, but before the offset of hedge assets or
 other risk mitigants.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;This impact for general fund equities
 is calculated as at a point-in-time and does not include:
 (i)&amp;#xA0;any potential impact on public equity weightings;
 (ii)&amp;#xA0;any gains or losses on AFS public equities held in the
 Corporate and Other segment; or (iii)&amp;#xA0;any gains or losses on
 public equity investments held in Manulife Bank. The participating
 policy funds are largely self-supporting and generate no material
 impact on net income attributed to shareholders as a result of
 changes in equity markets.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(7)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Includes the impact of rebalancing
 equity hedges in the macro and dynamic hedging program. The impact
 of dynamic hedge rebalancing represents the impact of rebalancing
 equity hedges for dynamically hedged variable annuity guarantee
 best estimate liabilities at 5% intervals, but does not include any
 impact in respect of other sources of hedge ineffectiveness (e.g.
 fund tracking, realized volatility and equity, interest rate
 correlations different from expected among other factors).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;/div&gt;</mfc:DisclosureOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsExplanatory>
  <mfc:DisclosureOfPotentialImmediateImpactOnMCCSRByChangesToPublicEquityReturnsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_C9C70C3C-1312-417D-87C8-0442B78B5016_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Potential
 immediate impact on MLI&amp;#x2019;s MCCSR ratio arising from public
 equity returns different than the expected return for policy
 liability valuation&lt;/b&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1),(2),(3),(4)&lt;/sup&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="51%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="7%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="22" align="center"&gt;&lt;b&gt;Impact on MLI&amp;#x2019;s MCCSR
 ratio&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Percentage points&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;-30%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;-20%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;-10%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;10%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;20%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;30%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;December&amp;#xA0;31, 2017&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(14&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(8&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(4&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;11&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 December&amp;#xA0;31, 2016&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;(12&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;(8&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;(4&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;3&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;14&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;18&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;See &amp;#x201C;Caution Related to
 Sensitivities&amp;#x201D; above. In addition, estimates exclude changes
 to the net actuarial gains/losses with respect to the
 Company&amp;#x2019;s pension obligations as a result of changes in
 equity markets, as the impact on the quoted sensitivities is not
 considered to be material.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The sensitivities as at
 December&amp;#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&amp;#xA0;1, 2018. Due to the lower
 effective tax rate, the after-tax impact of changes to public
 equity returns increases.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The potential impact is shown
 assuming that the change in value of the hedge assets does not
 completely offset the change in the dynamically hedged variable
 annuity guarantee liabilities. The estimated amount that would not
 be completely offset relates to our practices of not hedging the
 provisions for adverse deviation and of rebalancing equity hedges
 for dynamically hedged variable annuity liabilities at 5%
 intervals.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;OSFI rules for segregated fund
 guarantees reflect full capital impacts of shocks over 20 quarters
 within a prescribed range. As such, the deterioration in equity
 markets could lead to further increases in capital requirements
 after the initial shock.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfPotentialImmediateImpactOnMCCSRByChangesToPublicEquityReturnsExplanatory>
  <mfc:DisclosureOfFinancialLiabilitiesMaturityExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_332344CF-21C6-4707-B74D-D68AA74B146B_1_0">&lt;div&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following table outlines the
 maturity of the Company&amp;#x2019;s significant financial
 liabilities.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Maturity of financial liabilities&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&amp;#xA0;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%"&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="57%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 ($ millions)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Less than&lt;br /&gt;
 1 year&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;1&amp;#xA0;to&amp;#xA0;3&amp;#xA0;years&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;3&amp;#xA0;to&amp;#xA0;5&amp;#xA0;years&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Over&lt;br /&gt;
 5&amp;#xA0;years&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Long-term debt&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;401&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;626&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;3,758&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,785&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Capital instruments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;8,387&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;8,387&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Derivatives&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;224&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;149&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;168&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,281&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,822&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Deposits from Bank clients&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;15,322&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,373&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,436&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;18,131&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Lease obligations&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;126&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;172&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;89&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;451&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;838&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&amp;#xA0;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The amounts shown above are net of
 the related unamortized deferred issue costs.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Carrying value and fair value of
 deposits from Bank clients as at December&amp;#xA0;31, 2017 was $18,131
 million and $18,149 million, respectively (2016 &amp;#x2013; $17,919
 million and $17,978 million, respectively). Fair value is
 determined by discounting contractual cash flows, using market
 interest rates currently offered for deposits with similar terms
 and conditions. All deposits from Bank clients were categorized in
 Level 2 of the fair value hierarchy (2016 &amp;#x2013; Level 2).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;/div&gt;
 &lt;/div&gt;</mfc:DisclosureOfFinancialLiabilitiesMaturityExplanatory>
  <mfc:AlternativeLongdurationAssetPerformanceRiskSensitivitiesAndExposureMeasuresExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_9FBECB85-1829-42CB-A7C6-37728F1E0F72_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Alternative Long-Duration Asset Performance Risk
 Sensitivities and Exposure Measures&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following table shows the
 potential impact on net income attributed to shareholders resulting
 from an immediate 10% change in market values of ALDA followed by a
 return to the expected level of growth assumed in the valuation of
 policy liabilities. If market values were to remain flat for an
 entire year, the potential impact would be roughly equivalent to an
 immediate decline in market values equal to the expected level of
 annual growth assumed in the valuation of policy liabilities.
 Further, if after market values dropped 10% they continued to
 decline, remained flat, or grew more slowly than assumed in the
 valuation of policy liabilities, the potential impact on net income
 attributed to shareholders could be considerably more than shown.
 Refer to &amp;#x201C;Sensitivity of Earnings to Changes in
 Assumptions&amp;#x201D; below, for more information on the level of
 growth assumed and on the net income sensitivity to changes in
 these long-term assumptions.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;ALDA includes commercial real
 estate, timber and farmland real estate, oil and gas direct
 holdings, and private equities, some of which relate to oil and
 gas.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;
 &lt;/div&gt;</mfc:AlternativeLongdurationAssetPerformanceRiskSensitivitiesAndExposureMeasuresExplanatory>
  <mfc:DisclosureOfVariableAnnuityAndSegregatedFundGuaranteesNetOfReinsuranceExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_AA526621-580D-4935-B477-01D1F8739D04_1_0">&lt;div&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The table below shows selected
 information regarding the Company&amp;#x2019;s variable annuity and
 segregated fund investment-related guarantees gross and net of
 reinsurance.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Variable
 annuity and segregated fund guarantees, net of
 reinsurance&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%"&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="52%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="12"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="12"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" rowspan="2"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;As at
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;br /&gt;
 ($ millions)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10" align="center"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="10" align="center"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Guarantee&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Fund
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 Amount&lt;br /&gt;
 at&amp;#xA0;risk&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4),(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Guarantee&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Fund value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Amount&lt;br /&gt;
 at&amp;#xA0;risk&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4),(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Guaranteed minimum income benefit&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,201&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,195&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,074&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,987&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,432&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,570&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Guaranteed minimum withdrawal benefit&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;61,767&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;56,512&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,943&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;68,594&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;59,593&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9,135&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Guaranteed minimum accumulation benefit&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;18,162&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;18,705&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;11&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;19,482&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;19,989&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;27&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Gross living benefits&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;85,130&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;79,412&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,028&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;94,063&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;84,014&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,732&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Gross death benefits&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10,743&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;16,973&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,001&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;12,200&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;16,614&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;1,350&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total gross of reinsurance&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;95,873&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;96,385&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;8,029&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;106,263&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;100,628&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;12,082&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Living benefits reinsured&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,522&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,667&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;911&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,241&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,903&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,349&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Death benefits reinsured&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,014&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,040&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;435&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;3,429&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;3,202&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;564&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total reinsured&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7,536&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6,707&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,346&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;8,670&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;7,105&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;1,913&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total, net of reinsurance&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;88,337&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;89,678&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6,683&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;97,593&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;93,523&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;10,169&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Contracts with guaranteed long-term
 care benefits are included in this category.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Where a policy includes both living
 and death benefits, the guarantee in excess of the living benefit
 is included in the death benefit category as outlined in footnote
 3.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Death benefits include stand-alone
 guarantees and guarantees in excess of living benefit guarantees
 where both death and living benefits are provided on a policy.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 0pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Amount at risk (in-the-money amount)
 is the excess of guarantee values over fund values on all policies
 where the guarantee value exceeds the fund value. This amount is
 not currently payable. For guaranteed minimum death benefit, the
 amount at risk is defined as the current guaranteed minimum death
 benefit in excess of the current account balance. For guaranteed
 minimum income benefit, the amount at risk is defined as the excess
 of the current annuitization income base over the current account
 value. For all guarantees, the amount at risk is floored at zero at
 the single contract level.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The amount at risk net of reinsurance
 at December&amp;#xA0;31, 2017 was $6,683 million (2016 &amp;#x2013; $10,169
 million) of which: US$3,982 million (2016 &amp;#x2013; US$6,008 million)
 was on our U.S. business, $1,342 million (2016 &amp;#x2013; $1,499
 million) was on our Canadian business, US$95 million (2016 &amp;#x2013;
 US$206 million) was on our Japan business and US$181 million (2016
 &amp;#x2013; US$244 million) was related to Asia (other than Japan) and
 our run-off reinsurance business.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;/div&gt;</mfc:DisclosureOfVariableAnnuityAndSegregatedFundGuaranteesNetOfReinsuranceExplanatory>
  <mfc:DisclosureOfInvestmentsIncludingInvestmentsAccountedForUsingEquityMethodExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_3F978068-80AF-4020-8EC2-5030BA09AC47_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#2A517F"&gt;&lt;b&gt;Note 4&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0; Invested
 Assets and Investment Income&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(a) Carrying values and fair values of
 invested assets&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="56%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 FVTPL&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;AFS&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Other&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Total&amp;#xA0;carrying&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Total
 fair&lt;br /&gt;
 value&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(9)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Cash and short-term securities&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;439&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;11,429&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,097&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;15,965&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;15,965&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Debt securities&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Canadian government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;17,886&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,892&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;22,778&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;22,778&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 U.S. government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,497&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;13,472&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;25,969&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;25,969&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16,838&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,988&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;19,826&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;19,826&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Corporate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;96,785&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,366&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;102,151&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;102,151&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,018&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;258&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,276&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,276&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Public equities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;18,473&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,072&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;21,545&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;21,545&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Mortgages&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;44,742&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;44,742&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;46,065&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;32,132&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;32,132&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;34,581&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Policy loans&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,808&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,808&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,808&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Loans to Bank clients&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,737&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,737&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,742&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Real estate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Own use property&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,281&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,281&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,448&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Investment property&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,529&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,529&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,529&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other invested assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Alternative long-duration assets&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(7)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,018&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;88&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;8,624&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;20,730&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;21,053&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Various other&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;&amp;#xA0;(8)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;142&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,611&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,753&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,752&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total invested assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;178,096&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;41,565&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;114,561&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;334,222&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;339,488&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;FVTPL&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;AFS&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;Other&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;br /&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;Total&amp;#xA0;carrying&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;br /&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;Total fair&lt;br /&gt;
 value&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(9)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Cash and short-term securities&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;269&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;11,705&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,177&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;15,151&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;15,151&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Debt securities&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Canadian government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18,030&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,715&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;24,745&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;24,745&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 U.S. government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,971&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,333&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;27,304&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;27,304&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18,629&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,312&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;20,941&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;20,941&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Corporate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;87,374&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,041&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;92,415&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;92,415&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,886&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;331&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,217&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,217&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Public equities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;16,531&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,965&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;19,496&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;19,496&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Mortgages&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;44,193&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;44,193&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;45,665&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;29,729&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;29,729&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;31,459&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Policy loans&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,041&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,041&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,041&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Loans to Bank clients&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,745&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,745&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,746&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Real estate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Own use property&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,376&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,376&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,524&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Investment property&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,756&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,756&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,756&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other invested assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Alternative long-duration assets&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(7)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,707&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;96&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8,048&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18,851&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;19,193&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Various other&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;&amp;#xA0;(8)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;164&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;3,745&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;3,909&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;3,910&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total invested assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;168,561&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;42,498&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;110,810&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;321,869&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;326,563&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The FVTPL classification was elected
 for securities backing insurance contract liabilities to
 substantially reduce any accounting mismatch arising from changes
 in the fair value of these assets and changes in the value of the
 related insurance contract liabilities. If this election had not
 been made and instead the&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;available-for-sale&lt;/font&gt;&lt;/font&gt;&amp;#xA0;(&amp;#x201C;AFS&amp;#x201D;)
 classification was selected, there would be an accounting mismatch
 because changes in insurance contract liabilities are recognized in
 net income rather than in OCI.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Securities that are designated as AFS
 are not actively traded by the Company but sales do occur as
 circumstances warrant. Such sales result in a reclassification of
 any accumulated unrealized gain (loss) in AOCI to net income as a
 realized gain (loss).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Primarily includes assets classified
 as loans and carried at amortized cost, own use properties,
 investment properties, equity method accounted investments, oil and
 gas investments, and leveraged leases. Refer to note 1(e) for
 further details regarding accounting policy.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Includes short-term securities with
 maturities of less than one year at acquisition amounting to $2,737
 (2016 &amp;#x2013; $3,111), cash equivalents with maturities of less
 than 90 days at acquisition amounting to $9,131 (2016 &amp;#x2013;
 $8,863) and cash of $4,097 (2016 &amp;#x2013; $3,177).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Debt securities include securities
 which were acquired with maturities of less than one year and less
 than 90 days of $1,768 and $161, respectively (2016 &amp;#x2013; $893
 and $192, respectively).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Includes accumulated depreciation of
 $389 (2016 &amp;#x2013; $404).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(7)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Alternative long-duration assets
 (&amp;#x201C;ALDA&amp;#x201D;) include investments in private equity of
 $4,959, power and infrastructure of $7,355, oil and gas of $2,813,
 timber and agriculture of $5,033 and various other invested assets
 of $570 (2016 &amp;#x2013; $4,619, $6,679, $2,093, $4,972 and $488,
 respectively).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(8)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Includes $3,273 (2016 &amp;#x2013; $3,369)
 of leveraged leases. Refer to note 1(e) regarding accounting
 policy.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(9)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The methodologies used in determining
 fair values of invested assets are described in note 1 and note
 4(g).&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(b) Equity method accounted invested
 assets&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Other invested assets include investments in associates and joint
 ventures which are accounted for using the equity method of
 accounting as follows.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="66%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="8"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="8"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Carrying&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;% of total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Carrying&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;% of total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Leveraged leases&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;3,273&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;56&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;3,369&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;58&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Timber and agriculture&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;451&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;8&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;430&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Real estate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;498&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;9&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;419&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,535&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;27&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,562&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;27&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5,757&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;100&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;5,780&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;100&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company&amp;#x2019;s share of profit and dividends from these
 investments for the year ended December&amp;#xA0;31, 2017 were $291 and
 $14, respectively (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$252 and $17,
 respectively).&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(c) Investment income&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="58%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;FVTPL&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;AFS&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Other&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Yields&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Cash and short-term securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;0.9%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;153&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;160&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains (losses)&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;22&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(47&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(25&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Debt securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5.4%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;5,102&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;577&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,679&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains (losses)&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,690&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(205&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,485&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Recovery (impairment loss), net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;16&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;15&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Public equities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16.6%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Dividend income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;524&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;79&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;603&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,372&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;226&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,598&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impairment loss&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(14&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(14&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Mortgages&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3.9%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,685&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,685&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;69&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;69&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Provision, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(32&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(32&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5.3%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,553&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,553&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;43&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;43&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impairment loss, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Policy loans&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;365&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;365&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6.1%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Loans to Bank clients&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4.0%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;68&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;68&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Real estate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6.2%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Rental income, net of depreciation&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;517&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;517&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;341&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;341&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impairment loss&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(4&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(4&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Derivatives&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;n/a&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;809&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;84&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;893&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains (losses)&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,029&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;84&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(945&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other invested assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;10.3%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;174&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;174&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Oil and gas, timber, agriculture and other income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,690&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,690&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains (losses)&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;441&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(7&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;50&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;484&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impairment loss, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(45&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(45&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total investment income&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;11,954&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;761&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6,652&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;19,367&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6.0%&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Investment income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,918&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;730&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,929&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;10,577&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3.3%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Dividend, rental and other income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;524&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;79&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,207&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,810&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;0.9%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impairments, provisions and recoveries, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;16&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(15&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(71&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(70&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;0.0%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;460&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(51&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(77&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;332&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;0.1%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6,918&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;743&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5,988&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;13,649&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Realized and unrealized gains (losses) on assets supporting
 insurance and investment contract liabilities and on macro equity
 hedges&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Debt securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,694&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(8&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,686&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1.1%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Public equities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,200&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;35&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,235&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;0.7%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Mortgages&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;69&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;69&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;0.0%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;40&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;40&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;0.0%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Real estate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;350&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;350&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;0.1%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other invested assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;329&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(9&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;121&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;441&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;0.1%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Derivatives, including macro equity hedging program&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,187&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;84&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,103&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(0.3%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5,036&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;18&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;664&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5,718&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total investment income&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;11,954&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;761&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;6,652&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;19,367&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6.0%&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="57%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;FVTPL&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;AFS&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Other&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Yields&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Cash and short-term securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;0.7%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;117&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;124&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains (losses)&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(18&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Debt securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.7%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,051&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;588&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,639&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,658&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;548&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,206&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Recovery (impairment loss), net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(18&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(18&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Public equities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10.6%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Dividend income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;534&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;58&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;592&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,008&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;201&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,209&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impairment loss&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(48&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(48&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Mortgages&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.1%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,667&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,667&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains (losses)&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;81&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;81&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Provision, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(7&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(7&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5.4%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,494&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,494&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;17&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;17&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impairment loss, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(50&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(50&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Policy loans&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;358&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;358&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6.1%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Loans to Bank clients&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3.9%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;68&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;68&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Real estate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.9%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Rental income, net of depreciation&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;523&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;523&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;160&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;160&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Derivatives&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;n/a&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,115&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(33&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,082&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Losses&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2,597&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2,597&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other invested assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10.3%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;103&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;103&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Oil and gas, timber, agriculture and other income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,162&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,162&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Gains&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;634&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;207&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;842&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impairment loss, net&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(83&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(83&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total investment income&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;7,410&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;1,447&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;5,667&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;14,524&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;4.7%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Investment income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,173&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;703&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,657&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,533&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3.4%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Dividend, rental and other income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;534&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;58&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,685&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,277&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;0.7%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impairments and provisions&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(18&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(48&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(140&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(206&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(0.1%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(6&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;707&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;85&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;786&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;0.2%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;6,683&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,420&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;5,287&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;13,390&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Realized and unrealized gains (losses) on assets supporting
 insurance and investment contract liabilities and on macro equity
 hedges&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Debt securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,657&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,662&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;0.5%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Public equities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;963&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;22&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;985&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;0.3%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Mortgages&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;80&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;80&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;0.0%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;0.0%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Real estate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;128&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;128&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;0.0%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other invested assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;688&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;160&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;848&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;0.3%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Derivatives, including macro equity hedging program&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(2,581&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(2,581&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(0.8%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;727&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;27&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;380&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,134&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total investment income&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;7,410&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;1,447&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;5,667&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;14,524&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;4.7%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Primarily includes loans carried at
 amortized cost, own use properties, investment properties,
 derivative and hedging instruments in cash flow hedging
 relationships, equity method accounted investments, oil and gas
 investments, and leveraged leases.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Yields are based on income and are
 calculated using the geometric average of the carrying value of
 assets held during the reporting year.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Includes net realized gains (losses)
 as well as net unrealized gains (losses) for financial instruments
 at FVTPL, real estate investment properties, and other invested
 assets measured at fair value. Also includes net realized gains
 (losses) for financial instruments at AFS and other invested assets
 carried at amortized cost.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Rental income from investment
 properties is net of direct operating expenses.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(d) Investment expenses&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents the Company&amp;#x2019;s total investment
 expenses.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="83%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Related to invested assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;625&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;581&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Related to segregated, mutual and other funds&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,048&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,065&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total investment expenses&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;1,673&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;1,646&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(e) Investment properties&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents rental income and direct operating
 expenses of investment properties.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="83%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Rental income from investment properties&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;1,120&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;1,204&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Direct operating expenses of investment properties that generated
 rental income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(694&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(764&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;426&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;440&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(f) Mortgage securitization&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company securitizes certain insured and uninsured fixed and
 variable rate residential mortgages and Home Equity Lines of Credit
 (&amp;#x201C;HELOC&amp;#x201D;) through creation of mortgage-backed
 securities under the Canadian Mortgage Bond Program
 (&amp;#x201C;CMB&amp;#x201D;), and the HELOC securitization program.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Benefits received from the securitization include interest spread
 between the asset and associated liability. There are no expected
 credit losses on securitized mortgages under the Canada Mortgage
 and Housing Corporation (&amp;#x201C;CMHC&amp;#x201D;) sponsored CMB and the
 Platinum Canadian Mortgage Trust (&amp;#x201C;PCMT&amp;#x201D;) HELOC
 securitization programs as they are insured by CMHC and other
 third-party insurance programs against borrowers&amp;#x2019; default.
 Mortgages securitized in the Platinum Canadian Mortgage Trust II
 (&amp;#x201C;PCMT II&amp;#x201D;) program are uninsured.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Cash flows received from the underlying securitized
 assets/mortgages are used to settle the related secured borrowing
 liability. For CMB transactions, receipts of principal are
 deposited into a trust account for settlement of the liability at
 time of maturity. These transferred assets and related cash flows
 cannot be transferred or used for other purposes. For the HELOC
 transactions, investors are entitled to periodic interest payments,
 and the remaining cash receipts of principal are allocated to the
 Company (the &amp;#x201C;Seller&amp;#x201D;) during the revolving period of
 the deal and are accumulated for settlement during an accumulation
 period, or repaid to the investor monthly during a reduction
 period, based on the terms of the note.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents the carrying amount of securitized
 assets and secured borrowing liabilities.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="56%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="8%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;As at
 December&amp;#xA0;31, 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10" align="center"&gt;Securitized
 assets&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 Securitization program&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Securitized&lt;br /&gt;
 mortgages&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Restricted cash and&lt;br /&gt;
 short-term securities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Secured
 borrowing&lt;br /&gt;
 liabilities&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 HELOC securitization&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,024&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;8&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,032&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,000&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 CMB securitization&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,480&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,480&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,523&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,504&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;8&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,512&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,523&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="12"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;As at
 December&amp;#xA0;31, 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="10" align="center"&gt;Securitized assets&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 Securitization program&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Securitized&lt;br /&gt;
 mortgages&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Restricted cash and&lt;br /&gt;
 short-term securities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Secured borrowing&lt;br /&gt;
 liabilities&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 HELOC securitization&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;1,762&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;8&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;1,770&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;1,750&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 CMB securitization&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,018&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,018&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,032&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;2,780&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;8&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;2,788&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;2,782&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Manulife Bank, a MFC subsidiary,
 securitizes a portion of its HELOC receivables through Platinum
 Canadian Mortgage Trust (&amp;#x201C;PCMT&amp;#x201D;), and Platinum Canadian
 Mortgage Trust II (&amp;#x201C;PCMT II&amp;#x201D;). PCMT funds the purchase
 of the&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;co-ownership&lt;/font&gt;&amp;#xA0;interests
 from Manulife Bank by issuing term notes collateralized by an
 underlying pool of CMHC insured HELOCs to institutional investors.
 PCMT II funds the purchase of the&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;co-ownership&lt;/font&gt;&amp;#xA0;interests
 from Manulife Bank by issuing term notes collateralized by an
 underlying pool of uninsured HELOCs to institutional investors. The
 restricted cash balance for the HELOC securitization reflects a
 cash reserve fund established in relation to the transactions. The
 reserve will be drawn upon only in the event of insufficient cash
 flows from the underlying HELOCs to satisfy the secured borrowing
 liability.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Secured borrowing liabilities
 primarily comprise of Series&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;2011-1&lt;/font&gt;&amp;#xA0;notes with a
 floating rate which are expected to mature on December&amp;#xA0;15,
 2021, and the Series&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;2016-1&lt;/font&gt;&amp;#xA0;notes with a
 floating rate which are expected to mature on May&amp;#xA0;15, 2022.
 Manulife Bank also securitizes insured amortizing mortgages under
 the National Housing Act Mortgage-Backed Securities (&amp;#x201C;NHA
 MBS&amp;#x201D;) program sponsored by CMHC. Manulife Bank participates
 in CMB programs by selling NHA MBS securities to Canada Housing
 Trust (&amp;#x201C;CHT&amp;#x201D;), as a source of fixed rate funding.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Fair value of the securitized assets as at December&amp;#xA0;31, 2017
 was $3,533 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$2,821) and the fair value of
 the associated liabilities was $3,503
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$2,776).&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(g) Fair value measurement&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents fair values and the fair value
 hierarchy of invested assets and segregated funds net assets
 measured at fair value in the Consolidated Statements of Financial
 Position.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="61%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Total
 fair&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Level&amp;#xA0;1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Level&amp;#xA0;2&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Level&amp;#xA0;3&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Cash and short-term securities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 FVTPL&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;439&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;439&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 AFS&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;11,429&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;11,429&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,097&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,097&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Debt securities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2.25em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 &lt;b&gt;FVTPL&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Canadian government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;17,886&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;17,886&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 U.S. government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,497&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,497&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16,838&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16,599&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;239&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Corporate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;96,785&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;96,073&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;710&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Residential mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;8&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Commercial mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,099&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,099&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other securitized assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,911&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,886&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;25&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2.25em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 &lt;b&gt;AFS&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Canadian government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,892&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,892&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 U.S. government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;13,472&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;13,472&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,988&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,941&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;47&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Corporate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,366&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,278&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;88&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Residential mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;37&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;37&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Commercial mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;138&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;138&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other securitized assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;83&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;82&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Public equities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 FVTPL&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;18,473&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;18,470&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 AFS&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,072&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,069&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Real estate&amp;#xA0;&amp;#x2013;&amp;#xA0;investment property&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,529&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,529&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Other invested assets&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16,203&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16,203&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Segregated funds net assets&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;324,307&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;286,490&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;33,562&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,255&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;564,549&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;312,128&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;218,320&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;34,101&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Total fair&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Level&amp;#xA0;1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Level&amp;#xA0;2&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Level&amp;#xA0;3&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Cash and short-term securities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 FVTPL&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;269&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;269&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 AFS&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;11,705&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;11,705&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,177&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,177&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Debt securities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2.25em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 &lt;b&gt;FVTPL&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Canadian government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18,030&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18,030&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 U.S. government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,971&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,971&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18,629&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18,357&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;272&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Corporate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;87,374&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;86,721&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;651&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Residential mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Commercial mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;680&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;674&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other securitized assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,196&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,161&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;35&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2.25em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 &lt;b&gt;AFS&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Canadian government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,715&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,715&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 U.S. government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,333&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,333&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other government and agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,312&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,261&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;51&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Corporate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,041&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,967&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;74&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Residential mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;65&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;64&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Commercial mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;123&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;121&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other securitized assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;143&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;141&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Public equities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 FVTPL&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;16,531&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;16,524&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 AFS&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,965&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,963&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Real estate&amp;#xA0;&amp;#x2013;&amp;#xA0;investment property&lt;/b&gt;&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,756&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,756&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Other invested assets&lt;/b&gt;&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;14,849&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;14,849&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Segregated funds net assets&lt;/b&gt;&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;315,177&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;278,066&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;32,537&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;4,574&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;546,051&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;300,732&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;212,037&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;33,282&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;For investment properties, the
 significant unobservable inputs are capitalization rates (ranging
 from 3.50% to 9.00% during the year and ranging from 3.75% to 9.75%
 during the year 2016) and terminal capitalization rates (ranging
 from 4.0% to 9.25% during the year and ranging from 4.1% to 10.0%
 during the year 2016). Holding other factors constant, a lower
 capitalization or terminal capitalization rate will tend to
 increase the fair value of an investment property. Changes in fair
 value based on variations in unobservable inputs generally cannot
 be extrapolated because the relationship between the directional
 changes of each input is not usually linear.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Other invested assets measured at
 fair value are held primarily in power and infrastructure and
 timber sectors. The significant inputs used in the valuation of the
 Company&amp;#x2019;s power and infrastructure investments are primarily
 future distributable cash flows, terminal values and discount
 rates. Holding other factors constant, an increase to future
 distributable cash flows or terminal values would tend to increase
 the fair value of a power and infrastructure investment, while an
 increase in the discount rate would have the opposite effect.
 Discount rates during the year ranged from 9.20% to 16.5% (2016
 &amp;#x2013; ranged from 9.63% to 16.0%). Disclosure of distributable
 cash flow and terminal value ranges are not meaningful given the
 disparity in estimates by project. The significant inputs used in
 the valuation of the Company&amp;#x2019;s investments in timberland are
 timber prices and discount rates. Holding other factors constant,
 an increase to timber prices would tend to increase the fair value
 of a timberland investment, while an increase in the discount rates
 would have the opposite effect. Discount rates during the year
 ranged from 5.0% to 7.5% (2016 &amp;#x2013; ranged from 5.0% to 7.5%). A
 range of prices for timber is not meaningful as the market price
 depends on factors such as property location and proximity to
 markets and export yards.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Segregated funds net assets are
 measured at fair value. The Company&amp;#x2019;s Level&amp;#xA0;3 segregated
 funds assets are predominantly invested in timberland properties
 valued as described above.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 For invested assets not measured at fair value in the Consolidated
 Statements of Financial Position, the following table presents
 their fair values categorized by the fair value hierarchy.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="59%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Carrying&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Fair value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Level&amp;#xA0;1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Level&amp;#xA0;2&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Level&amp;#xA0;3&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Mortgages&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;44,742&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;46,065&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;46,065&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Private placements&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;32,132&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;34,581&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;28,514&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,067&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Policy loans&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,808&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,808&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,808&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Loans to Bank clients&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,737&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,742&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,742&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Real estate&amp;#xA0;&amp;#x2013;&amp;#xA0;own use property&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,281&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,448&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,448&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other invested assets&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;8,280&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;8,602&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;88&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;8,514&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total invested assets disclosed at fair value&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;93,980&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;99,246&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;88&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;36,064&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;63,094&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;br /&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;Carrying&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;Fair value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;Level&amp;#xA0;1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;Level&amp;#xA0;2&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;Level&amp;#xA0;3&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Mortgages&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;44,193&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;45,665&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;45,665&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Private placements&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;29,729&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;31,459&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;26,073&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,386&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Policy loans&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,041&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,041&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,041&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Loans to Bank clients&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,745&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,746&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,746&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Real estate&amp;#xA0;&amp;#x2013;&amp;#xA0;own use property&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,376&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,524&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,524&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other invested assets&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;7,911&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;8,254&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;54&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;8,200&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total invested assets disclosed at fair value&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;90,995&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;95,689&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;54&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;33,860&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;61,775&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Fair value of commercial mortgages is
 determined through an internal valuation methodology using both
 observable and unobservable inputs. Unobservable inputs include
 credit assumptions and liquidity spread adjustments. Fair value of
 fixed-rate residential mortgages is determined using the discounted
 cash flow method. Inputs used for valuation are primarily comprised
 of prevailing interest rates and prepayment rates, if applicable.
 Fair value of variable-rate residential mortgages is assumed to be
 their carrying value.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Fair value of private placements is
 determined through an internal valuation methodology using both
 observable and unobservable inputs. Unobservable inputs include
 credit assumptions and liquidity spread adjustments. Private
 placements are classified within Level&amp;#xA0;2 unless the liquidity
 adjustment constitutes a significant price impact, in which case
 the securities are classified as Level&amp;#xA0;3.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Fair value of policy loans is equal
 to their unpaid principal balances.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Fair value of fixed-rate loans to
 Bank clients is determined using the discounted cash flow method.
 Inputs used for valuation are primarily comprised of current
 interest rates. Fair value of variable-rate loans is assumed to be
 their carrying value.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Fair value of own use real estate and
 the fair value hierarchy are determined in accordance with the
 methodologies described for real estate &amp;#x2013; investment property
 in note&amp;#xA0;1.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Primarily include leveraged leases,
 oil and gas properties and equity method accounted other invested
 assets. Fair value of leveraged leases is disclosed at their
 carrying values as fair value is not routinely calculated on these
 investments. Fair value for oil and gas properties is determined
 using external appraisals based on discounted cash flow
 methodology. Inputs used in valuation are primarily comprised of
 forecasted price curves, planned production, as well as capital
 expenditures, and operating costs. Fair value of equity method
 accounted other invested assets is determined using a variety of
 valuation techniques including discounted cash flows and market
 comparable approaches. Inputs vary based on the specific
 investment.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Transfers between Level&amp;#xA0;1 and
 Level&amp;#xA0;2&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company records transfers of assets and liabilities between
 Level&amp;#xA0;1 and Level&amp;#xA0;2 at their fair values as at the end of
 each reporting period. Assets are transferred out of Level&amp;#xA0;1
 when they are no longer transacted with sufficient frequency and
 volume in an active market. During the year ended December&amp;#xA0;31,
 2017, the Company transferred $nil (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$nil) of
 assets measured at fair value from Level&amp;#xA0;1 to Level&amp;#xA0;2.
 Conversely, assets are transferred from Level&amp;#xA0;2 to
 Level&amp;#xA0;1 when transaction volume and frequency are indicative
 of an active market. The Company transferred $nil
 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$nil) of assets from Level&amp;#xA0;2 to
 Level&amp;#xA0;1 during the year ended December&amp;#xA0;31,&amp;#xA0;2017.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 For segregated funds net assets, the Company had $nil transfers
 from Level&amp;#xA0;1 to Level&amp;#xA0;2 for the year ended
 December&amp;#xA0;31, 2017 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$8). The Company had
 $5 transfers from Level&amp;#xA0;2 to Level&amp;#xA0;1 for the year ended
 December&amp;#xA0;31, 2017 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;$nil).&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Invested assets and segregated funds net
 assets measured at fair value using significant unobservable inputs
 (Level 3)&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The Company classifies fair values of the invested assets and
 segregated funds net assets as Level&amp;#xA0;3 if there are no
 observable markets for these assets or, in the absence of active
 markets, the majority of the inputs used to determine fair value
 are based on the Company&amp;#x2019;s own assumptions about market
 participant assumptions. The Company prioritizes the use of
 market-based inputs over entity-based assumptions in determining
 Level&amp;#xA0;3 fair values and, therefore, the gains and losses in
 the tables below include changes in fair value due to both
 observable and unobservable factors.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents a roll forward of invested assets and
 segregated funds net assets measured at fair value using
 significant unobservable inputs (Level 3) for the years ended
 December&amp;#xA0;31, 2017 and 2016.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="36%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended&lt;br /&gt;
 December&amp;#xA0;31, 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Balance,&lt;br /&gt;
 January&amp;#xA0;1,&lt;br /&gt;
 2017&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Net&lt;br /&gt;
 realized/&lt;br /&gt;
 unrealized&lt;br /&gt;
 gains&lt;br /&gt;
 (losses)&lt;br /&gt;
 included&lt;br /&gt;
 in net&lt;br /&gt;
 income&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Net&lt;br /&gt;
 realized/&lt;br /&gt;
 unrealized&lt;br /&gt;
 gains&lt;br /&gt;
 (losses)&lt;br /&gt;
 included&lt;br /&gt;
 in AOCI&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Purchases&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Sales&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Settlements&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Transfer&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;into&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Level&amp;#xA0;3&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Transfer&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;out of&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Level&amp;#xA0;3&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Currency&lt;br /&gt;
 movement&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;b&gt;Balance,&lt;br /&gt;
 December&amp;#xA0;31,&lt;br /&gt;
 2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Change in&lt;br /&gt;
 unrealized&lt;br /&gt;
 gains&lt;br /&gt;
 (losses) on&lt;br /&gt;
 assets still&lt;br /&gt;
 held&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Debt securities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;FVTPL&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other government&amp;#xA0;&amp;amp; agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;272&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;26&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(58&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(6&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;8&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;239&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(3&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Corporate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;651&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;19&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;105&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(34&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(29&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;24&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(21&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(5&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;710&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Residential mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Commercial mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(5&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other securitized assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;35&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(7&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2&lt;/b&gt;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;25&lt;/b&gt;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
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 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;966&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;15&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;131&lt;/b&gt;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(97&lt;/b&gt;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(43&lt;/b&gt;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;24&lt;/b&gt;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(21&lt;/b&gt;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;975&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;AFS&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other government&amp;#xA0;&amp;amp; agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;51&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;47&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
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 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Corporate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;74&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;22&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(10&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(4&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;88&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Residential mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Commercial mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other securitized assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;130&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;36&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(26&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(8&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;136&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Public equities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 FVTPL&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(4&lt;/b&gt;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(4&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Real estate&amp;#xA0;&amp;#x2013; investment property&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,756&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;301&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,257&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,267&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(518&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,529&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;264&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Other invested assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14,849&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;395&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,022&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(435&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(837&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(791&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;16,203&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;244&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;27,605&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;696&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,279&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,702&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(837&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,309&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;28,732&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;508&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Segregated funds net assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,574&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;60&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;261&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(248&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(54&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(184&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(154&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,255&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;45&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;33,282&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;770&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;4,707&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(2,077&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(942&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;25&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(205&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(1,460&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;34,101&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;558&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="42%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Balance,&lt;br /&gt;
 January&amp;#xA0;1,&lt;br /&gt;
 2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Net&lt;br /&gt;
 realized/&lt;br /&gt;
 unrealized&lt;br /&gt;
 gains&lt;br /&gt;
 (losses)&lt;br /&gt;
 included&lt;br /&gt;
 in net&lt;br /&gt;
 income&lt;sup style="FONT-SIZE: 6px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Net&lt;br /&gt;
 realized/&lt;br /&gt;
 unrealized&lt;br /&gt;
 gains&lt;br /&gt;
 (losses)&lt;br /&gt;
 included&lt;br /&gt;
 in AOCI&lt;sup style="FONT-SIZE: 6px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Purchases&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Sales&lt;sup style="FONT-SIZE: 6px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Settlements&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Transfer&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;into&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Level&amp;#xA0;3&lt;sup style="FONT-SIZE: 6px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Transfer&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;out of&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Level&amp;#xA0;3&lt;sup style="FONT-SIZE: 6px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Currency&lt;br /&gt;
 movement&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Balance,&lt;br /&gt;
 December&amp;#xA0;31,&lt;br /&gt;
 2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Change in&lt;br /&gt;
 unrealized&lt;br /&gt;
 gains&lt;br /&gt;
 (losses) on&lt;br /&gt;
 assets still&lt;br /&gt;
 held&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Debt securities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;FVTPL&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other government&amp;#xA0;&amp;amp; agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;310&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;50&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(41&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(30&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(20&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;272&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Corporate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;903&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(29&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;83&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(84&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(134&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;58&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(124&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(22&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;651&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(4&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Residential mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;15&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(11&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Commercial mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;70&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(56&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(4&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(4&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(3&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other securitized assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;48&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(7&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(4&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;35&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,346&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(26&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;133&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(193&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(176&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;58&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(128&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(48&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;966&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(5&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;AFS&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other government&amp;#xA0;&amp;amp; agency&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;42&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(6&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(3&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;51&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Corporate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;90&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;29&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(32&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(3&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(5&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(3&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;74&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Residential mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(6&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Commercial mortgage/asset-backed securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other securitized assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;5&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(4&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;149&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;47&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(44&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(5&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(9&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(8&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;130&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Public equities&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
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 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
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 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
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 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
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 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 FVTPL&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;7&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;7&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;7&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;7&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Real estate&amp;#xA0;&amp;#x2013;investment property&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,968&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;163&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;681&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,782&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(274&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,756&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;197&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Other invested assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;12,977&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;786&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;9&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2,171&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(76&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(685&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(333&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;14,849&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;847&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;26,945&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;949&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;9&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2,852&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(1,858&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(685&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(607&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;27,605&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,044&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Segregated funds net assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;4,656&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;92&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;356&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(312&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(19&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(12&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(105&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(82&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;4,574&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;93&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;33,096&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;1,014&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;10&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;3,395&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(2,407&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(885&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;46&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(242&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(745&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;33,282&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;1,132&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;These amounts, except for the amount
 related to segregated funds net assets, are included in net
 investment income on the Consolidated Statements of Income.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;These amounts are included in AOCI on
 the Consolidated Statements of Financial Position.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Sales in 2017 include $619 of U.S.
 commercial real estate sold to the Hancock US Real Estate Fund,
 L.P., an associate of the Company which is a structured entity
 based on partnership voting rights. The Company provides management
 services to the fund and owns approximately 11.7% of its
 partnership interests. Also in 2017, sales include US$313 (2016
 &amp;#x2013; $1,011) of U.S. commercial real estate sold to the Manulife
 US Real Estate Investment Trust in Singapore, an associate of the
 Company which is a structured entity based on unitholder voting
 rights. The Company provides management services to the trust and
 owns approximately 9.5% of its units.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;For assets transferred into and out
 of Level&amp;#xA0;3, the Company uses fair values of the assets at the
 beginning of the year.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 Transfers into Level&amp;#xA0;3 primarily result from securities that
 were impaired during the year or securities where a lack of
 observable market data (versus the previous period) resulted in
 reclassifying assets into Level&amp;#xA0;3. Transfers from Level&amp;#xA0;3
 primarily result from observable market data now being available
 for the entire term structure of the debt security.&lt;/p&gt;
 &lt;/div&gt;</mfc:DisclosureOfInvestmentsIncludingInvestmentsAccountedForUsingEquityMethodExplanatory>
  <mfc:DisclosureOfNatureOfOperationsAndSignificantAccountingPoliciesTextBlock contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_3BE5096E-666D-471C-B9CE-87BDF5CA3126_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#2A517F"&gt;&lt;b&gt;Note
 1&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;Nature of Operations and Significant
 Accounting Policies&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(a)
 Reporting entity&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Manulife Financial Corporation
 (&amp;#x201C;MFC&amp;#x201D;) is a publicly traded company and the holding
 company of The Manufacturers Life Insurance Company
 (&amp;#x201C;MLI&amp;#x201D;), a Canadian life insurance company. MFC and its
 subsidiaries (collectively, &amp;#x201C;Manulife&amp;#x201D; or the
 &amp;#x201C;Company&amp;#x201D;) is a leading financial services group with
 principal operations in Asia, Canada and the United States.
 Manulife&amp;#x2019;s international network of employees, agents and
 distribution partners offers financial protection and wealth
 management products and services to personal and business clients
 as well as asset management services to institutional customers.
 The Company operates as Manulife in Canada and Asia and as John
 Hancock in the United States.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;MFC is domiciled in Canada and
 incorporated under the Insurance Companies Act (Canada)
 (&amp;#x201C;ICA&amp;#x201D;). These Consolidated Financial Statements have
 been prepared in accordance with International Financial Reporting
 Standards (&amp;#x201C;IFRS&amp;#x201D;) as issued by the
 International&amp;#xA0;Accounting Standards Board
 (&amp;#x201C;IASB&amp;#x201D;).&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;These Consolidated Financial
 Statements should be read in conjunction with &amp;#x201C;Risk
 Management&amp;#x201D; in the 2017 Management&amp;#x2019;s Discussion and
 Analysis (&amp;#x201C;MD&amp;amp;A&amp;#x201D;) dealing with IFRS 7
 &amp;#x201C;Financial Instruments: Disclosures&amp;#x201D; as the discussion
 on market risk and liquidity risk includes certain disclosures that
 are considered an integral part of these Consolidated Financial
 Statements.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;These Consolidated Financial
 Statements as at and for the year ended December&amp;#xA0;31, 2017 were
 authorized for issue by MFC&amp;#x2019;s Board of Directors on
 February&amp;#xA0;7, 2018.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(b) Basis
 of preparation&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The preparation of Consolidated
 Financial Statements in conformity with IFRS requires management to
 make judgments, estimates and assumptions that affect the
 application of accounting policies and the reported amounts of
 assets and liabilities, and the disclosure of contingent assets and
 liabilities as at the date of the Consolidated Financial
 Statements, and the reported amounts of revenue and expenses during
 the reporting periods. Actual results may differ from these
 estimates. The most significant estimation processes relate to
 assumptions used in measuring insurance and investment contract
 liabilities, assessing assets for impairment, determining of
 pension and other post-employment benefit obligation and expense
 assumptions, determining income taxes and uncertain tax positions
 and fair valuation of certain invested assets. Estimates and
 underlying assumptions are reviewed on an ongoing basis. Revisions
 to accounting estimates are recognized in the year in which the
 estimates are revised and in any future years affected. Although
 some variability is inherent in these estimates, management
 believes that the amounts recorded are appropriate. The significant
 accounting policies used and the most significant judgments made by
 management in applying these accounting policies in the preparation
 of these Consolidated Financial Statements are summarized
 below.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(c) Fair
 value measurement&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Fair value is defined as the price
 that would be received to sell an asset or paid to transfer a
 liability in an orderly transaction (not a forced liquidation or
 distress sale) between market participants at the measurement date,
 that is, an exit value.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;When available, quoted market
 prices are used to determine fair value. If quoted market prices
 are not available, fair value is typically based upon alternative
 valuation techniques such as discounted cash flows, matrix pricing,
 consensus pricing services and other techniques. Broker quotes are
 generally used when external public vendor prices are not
 available.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company has a process in place
 that includes a review of price movements relative to the market, a
 comparison of prices between vendors, and a comparison to internal
 matrix pricing which uses predominately external observable data.
 Judgment is applied in adjusting external observable data for items
 including liquidity and credit factors.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company categorizes its fair
 value measurements according to a three-level hierarchy. The
 hierarchy prioritizes the inputs used by the Company&amp;#x2019;s
 valuation techniques. A level is assigned to each fair value
 measurement based on the lowest level input significant to the fair
 value measurement in its entirety. The three levels of the fair
 value hierarchy are defined as follows:&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Level 1&amp;#xA0;&amp;#x2013;&amp;#xA0;Fair
 value measurements that reflect unadjusted, quoted prices in active
 markets for identical assets and liabilities that the Company has
 the ability to access at the measurement date reflecting market
 transactions.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Level 2&amp;#xA0;&amp;#x2013;&amp;#xA0;Fair
 value measurements using inputs other than quoted prices included
 within Level&amp;#xA0;1 that are observable for the asset or liability,
 either directly or indirectly. These include quoted prices for
 similar assets and liabilities in active markets, quoted prices for
 identical or similar assets and liabilities in inactive markets,
 inputs that are observable that are not prices (such as interest
 rates, credit risks, etc.) and inputs that are derived from or
 corroborated by observable market data. Most debt securities are
 classified within Level&amp;#xA0;2. Also, included in the Level&amp;#xA0;2
 category are derivative instruments that are priced using models
 with observable market inputs, including interest rate swaps,
 equity swaps, and foreign currency forward contracts.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Level 3&amp;#xA0;&amp;#x2013;&amp;#xA0;Fair
 value measurements using significant &lt;font style="WHITE-SPACE: nowrap"&gt;non-market&lt;/font&gt; observable inputs. These
 include valuations for assets and liabilities that are derived
 using data, some or all of which is not market observable,
 including assumptions about risk. Level&amp;#xA0;3 securities
 include&amp;#xA0;less liquid securities such as structured asset-backed
 securities, commercial mortgage-backed securities
 (&amp;#x201C;CMBS&amp;#x201D;), certain &lt;font style="WHITE-SPACE: nowrap"&gt;long-duration&lt;/font&gt; bonds and other
 securities that have little or no price transparency. Embedded and
 complex derivative financial instruments as well as real estate
 classified as investment property are also included in
 Level&amp;#xA0;3.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(d) Basis
 of consolidation&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;MFC consolidates the financial
 statements of all entities, including certain structured entities
 that it controls. Subsidiaries are entities controlled by the
 Company. The Company has control over an entity when the Company
 has the power to govern the financial and operating policies of the
 entity, is exposed to variable returns from its activities which
 are significant in relation to the total variable returns of the
 entity and the Company is able to use its power over the entity to
 affect its share of variable returns. In assessing control,
 significant judgment is applied while considering all relevant
 facts and circumstances. When assessing decision-making power, the
 Company considers the extent of its rights relative to the
 management of an entity, the level of voting rights held in an
 entity which are potentially or presently exercisable, the
 existence of any contractual management agreements which may
 provide the Company with power over an entity&amp;#x2019;s financial and
 operating policies and to the extent of other parties&amp;#x2019;
 ownership in an entity, if any, the possibility for de facto
 control being present. When assessing returns, the Company
 considers the significance of direct and indirect financial and
 &lt;font style="WHITE-SPACE: nowrap"&gt;non-financial&lt;/font&gt; variable
 returns to the Company from an entity&amp;#x2019;s activities in
 addition to the proportionate significance of such returns. The
 Company also considers the degree to which its interests are
 aligned with those of other parties investing in an entity and the
 degree to which it may act in its own interest.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The financial statements of
 subsidiaries are included in the MFC&amp;#x2019;s consolidated results
 from the date control is established and are excluded from
 consolidation from the date control ceases. The initial control
 assessment is performed at inception of the Company&amp;#x2019;s
 involvement with the entity and is reconsidered at a later date if
 the Company acquires or loses power over key operating and
 financial policies of the entity; acquires additional interests or
 disposes of interests in the entity; the contractual arrangements
 of the entity are amended such that the Company&amp;#x2019;s
 proportionate exposure to variable returns changes; or if the
 Company&amp;#x2019;s ability to use its power to affect its variable
 returns from the entity changes.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company&amp;#x2019;s Consolidated
 Financial Statements have been prepared using uniform accounting
 policies for like transactions and events in similar circumstances.
 Intercompany balances, and income and expenses arising from
 intercompany transactions, have been eliminated in preparing the
 Consolidated Financial Statements.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;Non-controlling&lt;/font&gt; interests are
 interests of other parties in the equity of MFC&amp;#x2019;s
 subsidiaries and are presented within total equity, separate from
 the equity of MFC&amp;#x2019;s shareholders. &lt;font style="WHITE-SPACE: nowrap"&gt;Non-controlling&lt;/font&gt; interests in the net
 income and other comprehensive income (&amp;#x201C;OCI&amp;#x201D;) of
 MFC&amp;#x2019;s subsidiaries are included in total net income and total
 OCI, respectively. An exception to this occurs where the
 subsidiary&amp;#x2019;s shares are required to be redeemed for cash on a
 fixed or determinable date, in which case other parties&amp;#x2019;
 interests in the subsidiary&amp;#x2019;s capital are presented as
 liabilities of the Company and other parties&amp;#x2019; &lt;font style="WHITE-SPACE: nowrap"&gt;non-controlling&lt;/font&gt; interests in the
 subsidiary&amp;#x2019;s income and OCI are recorded as expenses of the
 Company.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The equity method of accounting is
 used to account for entities over which the Company has significant
 influence (&amp;#x201C;associates&amp;#x201D;), whereby the Company records
 its share of the associate&amp;#x2019;s net assets and financial results
 using uniform accounting policies for similar transactions and
 events. Significant judgment is used to determine whether voting
 rights, contractual management and other relationships with the
 entity, if any, provide the Company with significant influence over
 the entity. Gains and losses on the sale of associates are included
 in income when realized, while impairment losses are recognized
 immediately when there is objective evidence of impairment. Gains
 and losses on commercial transactions with associates are
 eliminated to the extent of the Company&amp;#x2019;s interest in the
 associate. Investments in associates are included in other invested
 assets on the Company&amp;#x2019;s Consolidated Statements of Financial
 Position.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(e)
 Invested assets&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Invested assets that are
 considered financial instruments are classified as fair value
 through profit or loss (&amp;#x201C;FVTPL&amp;#x201D;), loans and
 receivables, or as &lt;font style="WHITE-SPACE: nowrap"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;available-for-sale&lt;/font&gt;&lt;/font&gt;
 (&amp;#x201C;AFS&amp;#x201D;) financial assets. The Company determines the
 classification of its financial assets at initial recognition.
 Invested assets are recognized initially at fair value plus, in the
 case of investments not at FVTPL, directly attributable transaction
 costs. Invested assets are classified as financial instruments at
 FVTPL if they are held for trading, if they are designated by
 management under the fair value option, or if they are designated
 by management when they include one or more embedded derivatives.
 Invested assets classified as AFS are &lt;font style="WHITE-SPACE: nowrap"&gt;non-derivative&lt;/font&gt; financial assets that
 do not fall into any of the other categories described
 above.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Valuation methods for the
 Company&amp;#x2019;s invested assets are described above. All fair value
 valuations are performed in accordance with IFRS 13 &amp;#x201C;Fair
 Value Measurement&amp;#x201D;. Disclosure of financial instruments
 carried at fair value with the three levels of the fair value
 hierarchy and the disclosure of the fair value for financial
 instruments not carried at fair value on the Consolidated
 Statements of Financial Position are presented in note 4. Fair
 value valuations are performed by the Company and by third-party
 service providers. When third-party service providers are engaged,
 the Company performs a variety of procedures to corroborate pricing
 information. These procedures may include, but are not limited to,
 inquiry and review of valuation techniques, inputs to the valuation
 and vendor controls reports.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Cash and short-term securities
 comprise cash, current operating accounts, overnight bank and term
 deposits, and fixed income securities held for the purpose of
 meeting short-term cash commitments. Short-term securities are
 carried at fair value. Short-term securities are comprised of
 investments due to mature within one year of the date of purchase.
 Commercial paper and discount notes are classified as Level&amp;#xA0;2
 because these securities are typically not actively traded. Net
 payments in transit and overdraft bank balances are included in
 other liabilities.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Debt securities are carried at
 fair value. Debt securities are generally valued by independent
 pricing vendors using proprietary pricing models incorporating
 current market inputs for similar instruments with comparable terms
 and credit quality (matrix pricing). The significant inputs
 include, but are not limited to, yield curves, credit risks and
 spreads, measures of volatility and prepayment rates. These debt
 securities are classified as Level&amp;#xA0;2, but can be Level&amp;#xA0;3
 if the significant inputs are market unobservable. Realized gains
 and losses on sale of debt securities and unrealized gains and
 losses on debt securities designated as FVTPL are recognized in
 investment income immediately. Unrealized gains and losses on AFS
 debt securities are recorded in OCI, with the exception of
 unrealized gains and losses on foreign currency translation which
 are included in income. Impairment losses on AFS debt securities
 are recognized in income on an individual security basis when there
 is objective evidence of impairment. Impairment is considered to
 have occurred, based on management&amp;#x2019;s judgment, when it is
 deemed probable that the Company will not be able to collect all
 amounts due according to the debt security&amp;#x2019;s contractual
 terms.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Equities are comprised of common
 and preferred equities and are carried at fair value. Equities are
 generally classified as Level&amp;#xA0;1, as fair values are normally
 based on quoted market prices. Realized gains and losses on sale of
 equities and unrealized gains and losses on equities designated as
 FVTPL are recognized in investment income immediately. Unrealized
 gains and losses on AFS equities are recorded in OCI. Impairment
 losses on AFS equities are recognized in income on an individual
 security basis when there is objective evidence of impairment.
 Impairment is considered to have occurred when fair value has
 declined below cost by significant amounts or for prolonged periods
 of time. Judgment is applied in determining whether the decline is
 significant or prolonged.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Mortgages are carried at amortized
 cost, and are classified as Level&amp;#xA0;3 for fair value purposes
 due to the lack of market observability of certain significant
 valuation inputs. Realized gains and losses are recorded in
 investment income immediately. Impairment losses are recorded on
 mortgages when there is no longer reasonable assurance as to the
 timely collection of the full amount of principal and interest and
 are measured based on the discounted value of expected future cash
 flows at the original effective interest rates inherent in the
 mortgage. Expected future cash flows of impaired mortgages are
 typically determined in reference to the fair value of collateral
 security underlying the mortgage, net of expected costs of
 realization and any applicable insurance recoveries. Significant
 judgment is applied in the determination of impairment including
 the timing and amount of future collections.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company accounts for insured
 and uninsured mortgage securitizations as secured financing
 transactions since the criteria for sale accounting are not met.
 For these transactions, the Company continues to recognize the
 mortgages and records a liability in other liabilities for the
 amounts owed at maturity. Interest income from these mortgages and
 interest expense on the borrowings are recorded using the effective
 interest rate method.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Private placements, which include
 corporate loans for which there is no active market, are carried at
 amortized cost and are generally classified as Level&amp;#xA0;2 for
 fair value disclosure purposes, but can be classified as
 Level&amp;#xA0;3 if significant inputs are market unobservable.
 Realized gains and losses are recorded in income immediately.
 Impairment losses are recorded on private placements when there is
 no longer assurance as to the timely collection of the full amount
 of principal and interest. Impairment is measured based on the
 discounted value of expected future cash flows at the original
 effective interest rate inherent in the loan. Significant judgment
 is applied in the determination of impairment including the timing
 and amount of future collections.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Policy loans are carried at an
 amount equal to their unpaid balances and are classified as
 Level&amp;#xA0;2 for fair value disclosure purposes. Policy loans are
 fully collateralized by the cash surrender value of the underlying
 policies.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Loans to Manulife Bank of Canada
 (&amp;#x201C;Manulife Bank&amp;#x201D; or &amp;#x201C;Bank&amp;#x201D;) clients are
 carried at unpaid principal balances less allowance for credit
 losses, if any, and are classified as Level&amp;#xA0;2 for fair value
 disclosure purposes. A loan to a Bank client is considered impaired
 when there is objective evidence of impairment as a result of one
 or more loss events that have occurred after initial recognition,
 with a negative impact on the estimated future cash flows of the
 loan.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Once established, allowances for
 impairment of mortgages, private placements and loans to Bank
 clients are reversed only if the conditions that caused the
 impairment no longer exist. Reversals of impairment charges on AFS
 debt securities are only recognized in income to the extent that
 increases in fair value can be attributed to events subsequent to
 the impairment loss being recorded. Impairment losses for AFS
 equity instruments are not reversed through income. On disposition
 of an impaired asset, any allowance for impairment is
 released.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;In addition to impairments and
 provisions for loan losses (recoveries) reported in investment
 income, the measurement of insurance contract liabilities via
 investment return assumptions, includes expected future credit
 losses on fixed income investments. Refer to
 note&amp;#xA0;8(d).&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Interest income is recognized on
 debt securities, mortgages, private placements, policy loans and
 loans to Bank clients as it accrues and is calculated using the
 effective interest rate method. Premiums, discounts and transaction
 costs are amortized over the life of the underlying investment
 using the effective yield method for all debt securities as well as
 mortgages and private placements measured at amortized
 cost.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company records purchases and
 sales of invested assets on a trade date basis, except for loans
 originated by the Company, which are recognized on a settlement
 date basis.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Real estate consists of both own
 use and investment property. Own use property is carried at cost
 less accumulated depreciation and any accumulated impairment
 losses. Depreciation is calculated based on the cost of an asset
 less its residual value and is recognized in income on a
 straight-line basis over the estimated useful life ranging from 30
 to 60 years. Impairment losses are recorded in income to the extent
 the recoverable amount is less than the carrying amount. Where own
 use property is included in assets backing insurance contract
 liabilities, the fair value of the property is used in the
 valuation of insurance contract liabilities. Own use property is
 classified as Level&amp;#xA0;3 for fair value disclosure
 purposes.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;An investment property is a
 property held to earn rental income, for capital appreciation, or
 both. Investment properties are measured at fair value, with
 changes in fair value recognized in income. Fair value is
 determined using external appraisals that are based on the highest
 and best use of the property. The valuation techniques used include
 discounted cash flows, the direct capitalization method as well as
 comparable sales analysis and include both observable and
 unobservable inputs. Inputs include existing and assumed tenancies,
 market data from recent comparable transactions, future economic
 outlook and market risk assumptions, capitalization rates and
 internal rates of return. Investment properties are classified as
 Level&amp;#xA0;3 for fair value disclosure purposes.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;When a property changes from own
 use to investment property, any gain arising on the remeasurement
 of the property to fair value at the date of transfer is recognized
 in OCI, to the extent that it is not reversing a previous
 impairment loss. Reversals of impairment losses are recognized in
 income.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Other invested assets include
 private equity and property investments held in power and
 infrastructure and timber, as well as in agriculture and oil and
 gas sectors. Private equity investments are accounted for as
 associates using the equity method (as described in note 1(d)
 above) or are classified as FVTPL or AFS and carried at fair value.
 Investments in oil and gas exploration and evaluation activities
 are measured on the cost basis using the &amp;#x201C;successful
 efforts&amp;#x201D; method. Timber and agriculture properties are
 measured at fair value with changes in fair value recognized in
 income, with the exception of buildings, equipment and bearer
 plants which are measured at amortized cost. The fair value of
 other invested assets is determined using a variety of valuation
 techniques as described in note 4. Other invested assets that are
 measured or disclosed at fair value are classified as
 Level&amp;#xA0;3.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Other invested assets also include
 investments in leveraged leases, which are accounted for using the
 equity method. The carrying value under the equity method reflects
 the amortized cost of the lease receivable and related &lt;font style="WHITE-SPACE: nowrap"&gt;non-recourse&lt;/font&gt; debt using the effective
 yield method.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(f)
 Goodwill and intangible assets&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Goodwill represents the difference
 between the purchase consideration of an acquired business and the
 Company&amp;#x2019;s proportionate share of the net identifiable assets
 acquired. It is initially recorded at cost and subsequently
 measured at cost less any accumulated impairment.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Goodwill is tested for impairment
 at least annually and whenever events or changes in circumstances
 indicate that the carrying amounts may not be recoverable at the
 cash generating unit (&amp;#x201C;CGU&amp;#x201D;) or group of CGUs level.
 The Company allocates goodwill to CGUs or groups of CGUs for the
 purpose of impairment testing based on the lowest level within the
 entity in which the goodwill is monitored for internal management
 purposes. The allocation is made to those CGUs or groups of CGUs
 that are expected to benefit from the business combination in which
 the goodwill arose. Any potential impairment of goodwill is
 identified by comparing the recoverable amount of a CGU or group of
 CGUs to its carrying value. Goodwill is reduced by the amount of
 deficiency, if any. If the deficiency exceeds the carrying amount
 of goodwill, the carrying values of the remaining assets in the CGU
 or group of CGUs are subject to being reduced by the excess on a
 &lt;font style="WHITE-SPACE: nowrap"&gt;pro-rata&lt;/font&gt; basis.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The recoverable amount of a CGU is
 the higher of the estimated fair value less costs to sell or the
 &lt;font style="WHITE-SPACE: nowrap"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;value-in-use&lt;/font&gt;&lt;/font&gt; of the CGU. In
 assessing &lt;font style="WHITE-SPACE: nowrap"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;value-in-use,&lt;/font&gt;&lt;/font&gt; estimated future
 cash flows are discounted using a &lt;font style="WHITE-SPACE: nowrap"&gt;pre-tax&lt;/font&gt; discount rate that reflects
 current market assessments of the time value of money and the risks
 specific to the asset. In some cases, the most recent detailed
 calculation made in a prior period of the recoverable amount of a
 CGU is used in the testing of impairment of goodwill in the current
 period. This is the case only if there are no significant changes
 to the CGU, the likelihood of impairment is remote based on the
 analysis of current events and circumstances, and the most recent
 recoverable amount substantially exceeds the carrying amount of the
 CGU.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Intangible assets with indefinite
 useful lives include the John Hancock brand name and certain
 investment management contracts. The indefinite useful life
 assessment for brand is based on the brand name being protected in
 markets where branded products are sold by trademarks, which are
 renewable indefinitely, and for certain investment management
 contracts due to the ability to renew these contracts indefinitely.
 In addition, there are no legal, regulatory or contractual
 provisions that limit the useful lives of these intangible assets.
 An intangible asset with an indefinite useful life is not amortized
 but is subject to an annual impairment test which is performed more
 frequently if there is an indication that it is not
 recoverable.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Intangible assets with finite
 useful lives include acquired distribution networks, customer
 relationships, capitalized software, certain investment management
 contracts and other contractual rights. Distribution networks,
 customer relationships, and other finite life intangible assets are
 amortized over their estimated useful lives, six to 68 years,
 either based on straight-line or in relation to other asset
 consumption metrics. Software intangible assets are amortized on a
 straight-line basis over their estimated useful lives of three to
 five years. Finite life intangible assets are assessed for
 indicators of impairment at each reporting period. If any
 indication of impairment exists, these assets are subject to an
 impairment test.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(g)
 Miscellaneous assets&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Miscellaneous assets include
 assets held in a rabbi trust with respect to unfunded defined
 benefit obligations, defined benefit assets, if any (refer to note
 1(o)), deferred acquisition costs and capital assets. Deferred
 acquisition costs are carried at cost less accumulated
 amortization. These costs are recognized over the period where
 redemption fees may be charged or over the period revenue is
 earned. Capital assets are carried at cost less accumulated
 amortization computed on a straight-line basis over their estimated
 useful lives, which vary from two to 10 years.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(h)
 Segregated funds&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company manages a number of
 segregated funds on behalf of policyholders. The investment returns
 on these funds are passed directly to policyholders. In some cases,
 the Company has provided guarantees associated with these
 funds.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Segregated funds net assets are
 measured at fair value and primarily include investments in mutual
 funds, debt securities, equities, real estate, short-term
 investments and cash and cash equivalents. With respect to the
 consolidation requirement of IFRS, in assessing the Company&amp;#x2019;s
 degree of control over the underlying investments, the Company
 considers the scope of its decision-making rights, the rights held
 by other parties, its remuneration as an investment manager and its
 exposure to variability of returns. The Company has determined that
 it does not have control over the underlying investments as it acts
 as an agent on behalf of segregated fund policyholders.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The methodology applied to
 determine the fair value of investments held in segregated funds is
 consistent with that applied to invested assets held by the general
 fund, as described above in note 1(e). Segregated funds liabilities
 are measured based on the value of the segregated funds net assets.
 Investment returns on segregated funds assets belong to
 policyholders and the Company does not bear the risk associated
 with these assets outside of guarantees offered on certain variable
 life and annuity products, for which the underlying investments are
 held within segregated funds. Accordingly, investment income earned
 by segregated funds and expenses incurred by segregated funds are
 offset and are not separately presented in the Consolidated
 Statements of Income. Fee income earned by the Company for managing
 the segregated funds is included in other revenue. Refer to note
 22.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Liabilities related to guarantees
 associated with certain segregated funds, as a result of certain
 variable life and annuity contracts, are recorded within the
 Company&amp;#x2019;s insurance contract liabilities. The Company holds
 assets supporting these guarantees which are recognized in invested
 assets according to their investment type.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(i)
 Insurance and investment contract liabilities&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Most contracts issued by the
 Company are considered insurance, investment or service contracts.
 Contracts under which the Company accepts significant insurance
 risk from a policyholder are classified as insurance contracts in
 the Consolidated Financial Statements. A contract is considered to
 have significant insurance risk if, and only if, an insured event
 could cause an insurer to make significant additional payments in
 any scenario, excluding scenarios that lack commercial substance at
 the inception of the contract. Contracts under which the Company
 does not accept significant insurance risk are either classified as
 investment contracts or considered service contracts and are
 accounted for in accordance with IAS 39 &lt;i&gt;&amp;#x201C;&lt;/i&gt;Financial
 Instruments: Recognition and Measurement&lt;i&gt;&amp;#x201D;&lt;/i&gt; or IAS 18
 &amp;#x201C;Revenue&amp;#x201D;, respectively.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Once a contract has been
 classified as an insurance contract it remains an insurance
 contract even if the insurance risk reduces significantly.
 Investment contracts can be reclassified as insurance contracts if
 insurance risk subsequently becomes significant.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Insurance contract liabilities,
 net of reinsurance assets, represent the amount which, together
 with estimated future premiums and net investment income, will be
 sufficient to pay estimated future benefits, policyholder dividends
 and refunds, taxes (other than income taxes) and expenses on
 policies &lt;font style="WHITE-SPACE: nowrap"&gt;in-force.&lt;/font&gt;
 Insurance contract liabilities are presented gross of reinsurance
 assets on the Consolidated Statements of Financial Position. The
 Company&amp;#x2019;s Appointed Actuary is responsible for determining
 the amount of insurance contract liabilities in accordance with
 standards established by the Canadian Institute of Actuaries.
 Insurance contract liabilities, net of reinsurance assets, have
 been determined using the Canadian Asset Liability Method
 (&amp;#x201C;CALM&amp;#x201D;) as permitted by IFRS 4 &amp;#x201C;Insurance
 Contracts&amp;#x201D;. Refer to note 8.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Investment contract liabilities
 include contracts issued to retail and institutional investors that
 do not contain significant insurance risk. Investment contract
 liabilities and deposits are measured at amortized cost or at fair
 value by election. The election reduces accounting mismatches
 between assets supporting these contracts and the related policy
 liabilities. Investment contract liabilities are derecognized when
 the contract expires, is discharged or is cancelled.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Derivatives embedded within
 insurance contracts are separated if they are not considered to be
 closely related to the host insurance contract and do not meet the
 definition of an insurance contract. These embedded derivatives are
 presented separately in other assets or other liabilities and are
 measured at fair value with changes in fair value recognized in
 income.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(j)
 Reinsurance assets&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company uses reinsurance in
 the normal course of business to manage its risk exposure.
 Insurance ceded to a reinsurer does not relieve the Company from
 its obligations to policyholders. The Company remains liable to its
 policyholders for the portion reinsured to the extent that any
 reinsurer does not meet its obligations for reinsurance ceded to it
 under a reinsurance agreement.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Reinsurance assets represent the
 benefit derived from reinsurance agreements &lt;font style="WHITE-SPACE: nowrap"&gt;in-force&lt;/font&gt; at the reporting date, taking
 into account the financial condition of the reinsurer. Amounts
 recoverable from reinsurers are estimated in accordance with the
 terms of the relevant reinsurance contract.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Gains or losses on reinsurance
 transactions are recognized in income immediately on the
 transaction date and are not amortized. Premiums ceded and claims
 reimbursed are presented on a gross basis on the Consolidated
 Statements of Income. Reinsurance assets are not offset against the
 related insurance contract liabilities and are presented separately
 on the Consolidated Statements of Financial Position. Refer to note
 8(a).&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(k) Other
 financial instruments accounted for as
 liabilities&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company issues a variety of
 other financial instruments classified as liabilities, including
 notes payable, term notes, senior notes, senior debentures,
 subordinated notes, surplus notes, subscription receipts and
 preferred shares.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;These financial liabilities are
 measured at amortized cost, with issuance costs deferred and
 amortized using the effective interest rate method.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(l)
 Income taxes&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The provision for income taxes is
 calculated based on income tax laws and income tax rates
 substantively enacted as at the date of the Consolidated Statements
 of Financial Position. The income tax provision is comprised of
 current income taxes and deferred income taxes. Current and
 deferred income taxes relating to items recognized in OCI and
 directly in equity are similarly recognized in OCI and directly in
 equity, respectively.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Current income taxes are amounts
 expected to be payable or recoverable as a result of operations in
 the current year and any adjustments to taxes payable in respect of
 previous years.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Deferred income taxes are provided
 for using the liability method and result from temporary
 differences between the carrying values of assets and liabilities
 and their respective tax bases. Deferred income taxes are measured
 at the substantively enacted tax rates that are expected to be
 applied to temporary differences when they reverse.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;A deferred tax asset is recognized
 to the extent that future realization of the tax benefit is
 probable. Deferred tax assets are reviewed at each reporting date
 and are reduced to the extent that it is no longer probable that
 the tax benefit will be realized. Deferred tax assets and
 liabilities are offset if there is a legally enforceable right to
 offset current tax liabilities and assets and they relate to income
 taxes levied by the same tax authority on the same taxable
 entity.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Deferred tax liabilities are
 recognized for all taxable temporary differences, except in respect
 of taxable temporary differences associated with investments in
 subsidiaries and associates, where the timing of the reversal of
 the temporary differences can be controlled and it is probable that
 the temporary differences will not reverse in the foreseeable
 future.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company records provisions for
 uncertain tax positions if it is probable that the Company will
 make a payment on tax positions as a result of examinations by tax
 authorities. These provisions are measured at the Company&amp;#x2019;s
 best estimate of the amount expected to be paid. Provisions are
 reversed to income in the period in which management assesses they
 are no longer required or determined by statute.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company is subject to income
 tax laws in various jurisdictions. Tax laws are complex and
 potentially subject to different interpretations by the taxpayer
 and the relevant tax authority. The provision for income taxes and
 deferred income taxes represents management&amp;#x2019;s interpretation
 of the relevant tax laws and its estimate of current and future
 income tax implications of the transactions and events during the
 year. The Company may be required to change its provision for
 income taxes or deferred income tax balances when the ultimate
 deductibility of certain items is successfully challenged by taxing
 authorities, or if estimates used in determining the amount of
 deferred tax asset to recognize change significantly, or when
 receipt of new information indicates the need for adjustment in the
 amount of deferred income taxes to be recognized. Additionally,
 future events, such as changes in tax laws, tax regulations, or
 interpretations of such laws or regulations, could have an impact
 on the provision for income taxes, deferred tax balances and the
 effective tax rate. Any such changes could materially affect the
 amounts reported in the Consolidated Financial Statements in the
 period these changes occur.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(m)
 Foreign currency translation&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Items included in the financial
 statements of each of the Company&amp;#x2019;s subsidiaries are measured
 by each subsidiary using the currency of the primary economic
 environment in which the entity operates (the &amp;#x201C;functional
 currency&amp;#x201D;).&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Transactions in a foreign currency
 are translated to the functional currency at the exchange rate
 prevailing at the date of the transaction. Assets and liabilities
 denominated in foreign currencies are translated to the functional
 currency at the exchange rate in effect at the reporting date.
 Revenue and expenses denominated in foreign currencies are
 translated at the average exchange rate prevailing during the
 quarter reported. Exchange gains and losses are recognized in
 income with the exception of translation of net investments in
 foreign operations and the results of hedging these
 positions.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;These foreign exchange gains and
 losses are recognized in OCI until such time that the foreign
 operation is disposed of or control or significant influence over
 it is lost.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(n)
 Stock-based compensation&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company provides stock-based
 compensation to certain employees and directors as described in
 note 15. Compensation expense of equity instruments is accrued
 based on the best estimate of the number of instruments expected to
 vest, with revisions made to that estimate if subsequent
 information indicates that actual forfeitures are likely to differ
 from initial estimates, unless forfeitures are due to market-based
 conditions.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Stock options are expensed with a
 corresponding increase in contributed surplus. Restricted share
 units and deferred share units are expensed with a corresponding
 liability accrued based on the market value of MFC&amp;#x2019;s common
 shares at the end of each quarter. Performance share units are
 expensed with a corresponding liability accrued based on specific
 performance conditions and the market value of MFC&amp;#x2019;s common
 shares at the end of each quarter. The change in the value of the
 awards resulting from changes in the market value of MFC&amp;#x2019;s
 common shares or changes in the specific performance conditions and
 credited dividends is recognized in income, offset by the impact of
 total return swaps used to manage the variability of the related
 liability.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Stock-based compensation cost is
 recognized over the applicable vesting period, except if the
 employee is eligible to retire at the time of grant or will be
 eligible to retire during the vesting period. Compensation cost,
 attributable to stock options, restricted share units, and
 performance share units granted to employees who are eligible to
 retire on the grant date or who will become eligible to retire
 during the vesting period, is recognized at the grant date or over
 the period from the grant date to the date of retirement
 eligibility, respectively.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company&amp;#x2019;s contributions
 to the Global Share Ownership Plan (&amp;#x201C;GSOP&amp;#x201D;) (refer to
 note 15(d)), are expensed as incurred. Under the GSOP, subject to
 certain conditions, the Company will match a percentage of an
 employee&amp;#x2019;s eligible contributions to certain maximums. All
 contributions are used by the plan&amp;#x2019;s trustee to purchase MFC
 common shares in the open market.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(o)
 Employee future benefits&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company maintains defined
 contribution and defined benefit pension plans and other
 post-employment plans for employees and agents including registered
 (tax qualified) pension plans that are typically funded as well as
 supplemental &lt;font style="WHITE-SPACE: nowrap"&gt;non-registered&lt;/font&gt; &lt;font style="WHITE-SPACE: nowrap"&gt;(non-qualified)&lt;/font&gt; pension plans for
 executives, retiree welfare plans and disability welfare plans that
 are typically not funded.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company&amp;#x2019;s obligation in
 respect of defined benefit pension and other post-employment
 benefits is calculated for each plan as the estimated present value
 of future benefits that eligible employees have earned in return
 for their service up to the reporting date using the projected
 benefit method. The discount rate used is based on the yield, as at
 the reporting date, of high quality corporate debt securities that
 have approximately the same term as the obligations and that are
 denominated in the same currency in which the benefits are expected
 to be paid.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;To determine the Company&amp;#x2019;s
 net defined benefit asset or liability, the fair value of plan
 assets is deducted from the defined benefit obligations. When this
 calculation results in a surplus, the asset that can be recognized
 is limited to the present value of future economic benefit
 available in the form of future refunds from the plan or reductions
 in future contributions to the plan (the asset limit). Defined
 benefit assets are included in other assets and defined benefit
 liabilities are included in other liabilities.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Changes in the net defined benefit
 asset or liability due to &lt;font style="WHITE-SPACE: nowrap"&gt;re-measurement&lt;/font&gt; of pension and retiree
 welfare plans are recorded in OCI in the period in which they occur
 and are not reclassified to income in subsequent periods. They
 consist of actuarial gains and losses, the impact of the asset
 limit, if any, and the return on plan assets, excluding amounts
 included in net interest income or expense. Changes in the net
 defined benefit asset or liability due to &lt;font style="WHITE-SPACE: nowrap"&gt;re-measurement&lt;/font&gt; of disability welfare
 plans are recorded in income in the period in which they
 occur.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The cost of defined benefit
 pension plans is recognized over the employee&amp;#x2019;s years of
 service to retirement while the cost of retiree welfare plans is
 recognized over the employee&amp;#x2019;s years of service to their date
 of full eligibility. The net benefit cost for the year is recorded
 in income and is calculated as the sum of the service cost in
 respect of the fiscal year, the net interest income or expense and
 any applicable administration expenses, plus past service costs or
 credits resulting from plan amendments or curtailments. The net
 interest income or expense is determined by applying the discount
 rate to the net defined benefit asset or liability. The current
 year cost of disability welfare plans is the year-over-year change
 in the defined benefit obligation, including any actuarial gains or
 losses.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The cost of defined contribution
 plans is the contribution provided by the Company and is recorded
 in income in the periods during which services are rendered by
 employees.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(p)
 Derivative and hedging instruments&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Company uses derivative
 financial instruments (&amp;#x201C;derivatives&amp;#x201D;) including swaps,
 forward and futures agreements, and options to manage current and
 anticipated exposures to changes in interest rates, foreign
 exchange rates, commodity prices and equity market prices, and to
 replicate permissible investments. Derivatives embedded in other
 financial instruments (&amp;#x201C;host instruments&amp;#x201D;) are
 separately recorded as derivatives when their economic
 characteristics and risks are not closely related to those of the
 host instrument, the terms of the embedded derivative are the same
 as those of a standalone derivative and the host instrument itself
 is not recorded at FVTPL. Derivatives are recorded at fair value.
 Derivatives with unrealized gains are reported as derivative assets
 and derivatives with unrealized losses are reported as derivative
 liabilities.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;A determination is made for each
 derivative as to whether to apply hedge accounting. Where hedge
 accounting is not applied, changes in the fair value of derivatives
 are recorded in investment income. Refer to note 4(c).&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Where the Company has elected to
 apply hedge accounting, a hedging relationship is designated and
 documented at inception. Hedge effectiveness is evaluated at
 inception and throughout the term of the hedge and hedge accounting
 is only applied when the Company expects that the hedging
 relationship will be highly effective in achieving offsetting
 changes in fair value or changes in cash flows attributable to the
 risk being hedged. The assessment of hedge effectiveness is
 performed at the end of each reporting period both prospectively
 and retrospectively. When it is determined that a hedging
 relationship is no longer effective, or the hedging instrument or
 the hedged item has been sold or terminated, the Company
 discontinues hedge accounting prospectively. In such cases, if the
 derivatives are not sold or terminated, any subsequent changes in
 fair value of the derivatives are recognized in investment
 income.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;For derivatives that are
 designated as hedging instruments, changes in fair value are
 recognized according to the nature of the risks being hedged, as
 discussed below.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;In a fair value hedging
 relationship, changes in fair value of the hedging instruments are
 recorded in investment income, offsetting changes in fair value of
 the hedged items, which would otherwise not be carried at fair
 value. Hedge ineffectiveness is recognized in investment income and
 arises from differences between changes in the fair values of
 hedging instruments and hedged items. When hedge accounting is
 discontinued, the carrying value of the hedged item is no longer
 adjusted and the cumulative fair value adjustments are amortized to
 investment income over the remaining term of the hedged item unless
 the hedged item is sold, at which time the balance is recognized
 immediately in investment income.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;In a cash flow hedging
 relationship, the effective portion of the change in the fair value
 of the hedging instrument is recorded in OCI while the ineffective
 portion is recognized in investment income. Gains and losses in
 accumulated other comprehensive income (&amp;#x201C;AOCI&amp;#x201D;) are
 recognized in income during the same periods as the variability in
 the hedged cash flows or the hedged forecasted transactions are
 recognized in income. The reclassifications from accumulated other
 comprehensive income (&amp;#x201C;AOCI&amp;#x201D;) are made to investment
 income, with the exception of total return swaps that hedge
 restricted share units, which are reclassified to general
 expenses.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Gains and losses on cash flow
 hedges in AOCI are reclassified immediately to investment income
 when the hedged item is sold or the forecasted transaction is no
 longer expected to occur. When a hedge is discontinued, but the
 hedged forecasted transaction remains highly probable to occur, the
 amounts in AOCI are reclassified to investment income in the
 periods during which variability in the cash flows hedged or the
 hedged forecasted transaction is recognized in income.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;In a net investment in foreign
 operations hedging relationship, the gains and losses relating to
 the effective portion of the hedge are recorded in OCI. Gains and
 losses in AOCI are recognized in income during the periods when
 gains or losses on the underlying hedged net investment in foreign
 operations are recognized in income.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(q)
 Premium income and related expenses&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Gross premiums for all types of
 insurance contracts, and contracts with limited mortality or
 morbidity risk, are generally recognized as revenue when due.
 Premiums are reported gross of reinsurance ceded (refer to note 8).
 Revenue on service contracts is recognized as services are
 rendered.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</mfc:DisclosureOfNatureOfOperationsAndSignificantAccountingPoliciesTextBlock>
  <mfc:DisclosureOfCondensedConsolidatedStatementsOfIncomeInformationForMFCAndMFLPExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_E51AC2AC-EA00-49DC-B6B9-0BB0032A8593_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Condensed
 Consolidated Statements of Income Information&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="36%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;MFC&lt;br /&gt;
 (Guarantor)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;MLI&lt;br /&gt;
 consolidated&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Other&lt;br /&gt;
 subsidiaries of&lt;br /&gt;
 MFC on a&lt;br /&gt;
 combined&amp;#xA0;basis&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Consolidating&lt;br /&gt;
 adjustments&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 Total&lt;br /&gt;
 consolidated&lt;br /&gt;
 amounts&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;MFLP&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total revenue&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;182&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;58,445&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;270&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(574)&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;58,323&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;29&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net income (loss) attributed to shareholders&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;2,104&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,467&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(257&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;(2,210)&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,104&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="13"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;MFC&lt;br /&gt;
 (Guarantor)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;MLI&lt;br /&gt;
 consolidated&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Other&lt;br /&gt;
 subsidiaries of&lt;br /&gt;
 MFC on a&lt;br /&gt;
 combined&amp;#xA0;basis&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Consolidating&lt;br /&gt;
 adjustments&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Total&lt;br /&gt;
 consolidated&lt;br /&gt;
 amounts&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;MFLP&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total revenue&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;518&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;53,219&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;377&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(777&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;53,337&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;44&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Net income (loss) attributed to shareholders&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;2,929&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;2,916&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(359&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(2,557&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;2,929&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;During 2017, MLI acquired John
 Hancock Reassurance Company Ltd. (&amp;#x201C;JHRECO&amp;#x201D;) from MFC.
 MLI has restated its historical IFRS financial statements to
 reflect the combined accounts of MLI and JHRECO on a retroactive
 basis.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfCondensedConsolidatedStatementsOfIncomeInformationForMFCAndMFLPExplanatory>
  <mfc:DisclosureOfCondensedConsolidatedStatementsOfFinancialPositionExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_F54A2E7B-2F74-4DEC-8FD2-7C0B1F5FAAE3_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Condensed
 Consolidated Statements of Financial Position&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="41%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;MFC&lt;br /&gt;
 (Guarantor)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;MLI&lt;br /&gt;
 consolidated&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Other&lt;br /&gt;
 subsidiaries of&lt;br /&gt;
 MFC on a&lt;br /&gt;
 combined&amp;#xA0;basis&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Consolidating&lt;br /&gt;
 adjustments&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 Total&lt;br /&gt;
 consolidated&lt;br /&gt;
 amounts&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;MFLP&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Invested assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;21&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;334,191&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;10&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;334,222&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;5&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total other assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;48,688&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;71,180&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(48,868&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;71,004&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,033&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Segregated funds net assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;324,307&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;324,307&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Insurance contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;304,605&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;304,605&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Investment contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,126&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,126&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Segregated funds net liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;324,307&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;324,307&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total other liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7,696&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;48,145&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(509&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;55,332&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;831&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="13"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="13" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;MFC&lt;br /&gt;
 (Guarantor)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;MLI&lt;br /&gt;
 consolidated&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Other&lt;br /&gt;
 subsidiaries of&lt;br /&gt;
 MFC on a&lt;br /&gt;
 combined&amp;#xA0;basis&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Consolidating&lt;br /&gt;
 adjustments&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Total&lt;br /&gt;
 consolidated&lt;br /&gt;
 amounts&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;MFLP&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Invested assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;161&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;321,698&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 &amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;10&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;321,869&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total other assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;48,073&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;83,607&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(48,049&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;83,635&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;1,085&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Segregated funds net assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;315,177&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;315,177&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Insurance contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;297,505&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;297,505&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Investment contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,275&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,275&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Segregated funds net liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;315,177&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;315,177&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total other liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;6,402&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;55,808&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(309&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;61,901&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;882&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&amp;#xA0;&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;During 2017, MLI acquired John
 Hancock Reassurance Company Ltd. (&amp;#x201C;JHRECO&amp;#x201D;) from MFC.
 MLI has restated its historical IFRS financial statements to
 reflect the combined accounts of MLI and JHRECO on a retroactive
 basis.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/div&gt;</mfc:DisclosureOfCondensedConsolidatedStatementsOfFinancialPositionExplanatory>
  <mfc:DisclosureOfFurtherInformationOnPreferredSharesOutstandingExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_EB9E27DD-1B32-4D69-BEC1-E3B0B22E7696_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following table presents
 additional information on the preferred shares outstanding as at
 December&amp;#xA0;31, 2017.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="38%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Issue date&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Annual&lt;br /&gt;
 dividend&lt;br /&gt;
 rate&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Earliest redemption&lt;br /&gt;
 date&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Number&amp;#xA0;of&lt;br /&gt;
 shares&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(in&amp;#xA0;millions)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Face&lt;br /&gt;
 amount&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Net&lt;br /&gt;
 amount&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Class&amp;#xA0;A preferred shares&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 2&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;February&amp;#xA0;18,&amp;#xA0;2005&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.65%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;n/a&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;14&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;350&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;344&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 3&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;January&amp;#xA0;3, 2006&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.50%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;n/a&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;300&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;294&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Class&amp;#xA0;1 preferred shares&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 3&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4),(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;March&amp;#xA0;11, 2011&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2.178%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;June&amp;#xA0;19, 2021&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;158&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;155&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 4&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;June&amp;#xA0;20, 2016&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;floating&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;n/a&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;42&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;41&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 5&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4),(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;December&amp;#xA0;6,&amp;#xA0;2011&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3.891%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;December&amp;#xA0;19, 2021&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;200&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;195&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 7&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4),(5),(7)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;February&amp;#xA0;22, 2012&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.312%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;March&amp;#xA0;19, 2022&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;250&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;244&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 9&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4),(5),(8)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;May&amp;#xA0;24, 2012&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.351%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;September&amp;#xA0;19, 2022&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;250&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;244&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 11&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4),(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;December&amp;#xA0;4, 2012&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4.00%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;March&amp;#xA0;19, 2018&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;200&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;196&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 13&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4),(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;June&amp;#xA0;21, 2013&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3.80%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;September&amp;#xA0;19,&amp;#xA0;2018&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;200&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;196&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 15&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4),(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;February&amp;#xA0;25, 2014&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3.90%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;June&amp;#xA0;19, 2019&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;200&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;195&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 17&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4),(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;August&amp;#xA0;15, 2014&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3.90%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;December&amp;#xA0;19, 2019&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;14&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;350&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;343&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 19&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4),(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;December&amp;#xA0;3, 2014&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3.80%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;March&amp;#xA0;19, 2020&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;250&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;246&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 21&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4),(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;February&amp;#xA0;25, 2016&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5.60%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;June&amp;#xA0;19, 2021&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;17&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;425&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;417&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Series 23&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4),(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;November&amp;#xA0;22,&amp;#xA0;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;4.85%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;March&amp;#xA0;19, 2022&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;19&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;475&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;467&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;146&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;3,650&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;3,577&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Holders of Class&amp;#xA0;A and
 Class&amp;#xA0;1 preferred shares are entitled to receive &lt;font style="WHITE-SPACE: nowrap"&gt;non-cumulative&lt;/font&gt; preferential cash
 dividends on a quarterly basis, as and when declared by the Board
 of Directors.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Redemption of all preferred shares is
 subject to regulatory approval. With the exception of Class&amp;#xA0;A
 Series 2, Class&amp;#xA0;A Series 3 and Class&amp;#xA0;1 Series 4 preferred
 shares, MFC may redeem each series, in whole or in part, at par, on
 the earliest redemption date or every five years thereafter.
 Class&amp;#xA0;A Series 2 and Series 3 preferred shares are past their
 respective earliest redemption date and MFC may redeem these
 shares, in whole or in part, at par at any time, subject to
 regulatory approval, as noted. MFC may redeem the Class&amp;#xA0;1
 Series 4, in whole or in part, at any time, at $25.00 per share if
 redeemed on June&amp;#xA0;19, 2021 and on June&amp;#xA0;19 every five years
 thereafter, or at $25.50 per share if redeemed on any other date
 after June&amp;#xA0;19, 2016, subject to regulatory approval, as
 noted.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Net of &lt;font style="WHITE-SPACE: nowrap"&gt;after-tax&lt;/font&gt; issuance costs.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;On the earliest redemption date and
 every five years thereafter, the annual dividend rate will be reset
 to the five year Government of Canada bond yield plus a yield
 specified for each series. The specified yield for Class&amp;#xA0;1
 shares is: Series 3 &amp;#x2013; 1.41%, Series 5 &amp;#x2013; 2.90%, Series 7
 &amp;#x2013; 3.13%, Series 9 &amp;#x2013; 2.86%, Series 11 &amp;#x2013; 2.61%,
 Series&amp;#xA0;13&amp;#xA0;&amp;#x2013;&amp;#xA0;2.22%, Series 15 &amp;#x2013; 2.16%,
 Series 17 &amp;#x2013; 2.36%, Series 19 &amp;#x2013; 2.30%, Series 21 &amp;#x2013;
 4.97% and Series 23 &amp;#x2013; 3.83%.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;On the earliest redemption date and
 every five years thereafter, Class&amp;#xA0;1 preferred shares are
 convertible at the option of the holder into a new series that is
 one number higher than their existing series, and the holders are
 entitled to &lt;font style="WHITE-SPACE: nowrap"&gt;non-cumulative&lt;/font&gt;
 preferential cash dividends, payable quarterly if and when declared
 by the Board of Directors, at a rate equal to the three month
 Government of Canada Treasury bill yield plus the rate specified in
 footnote 4 above.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The floating dividend rate for the
 Class&amp;#xA0;1 Shares Series 4 will equal the three month Government
 of Canada Treasury bill yield plus 1.41%.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(7)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;MFC did not exercise its right to
 redeem all or any of the outstanding Class&amp;#xA0;1 Shares Series 7
 on March&amp;#xA0;19, 2017 (the earliest redemption date). Dividend
 rate for Class&amp;#xA0;1 Shares Series 7 was reset as specified in
 footnote 4 above to an annual fixed rate of 4.312% for a five year
 period commencing on March&amp;#xA0;20, 2017.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(8)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;MFC did not exercise its right to
 redeem all or any of the outstanding Class&amp;#xA0;1 Shares Series 9
 on September&amp;#xA0;19, 2017 (the earliest redemption date). Dividend
 rate for Class&amp;#xA0;1 Shares Series 9 was reset as specified in
 footnote 4 above to an annual fixed rate of 4.351% for a five year
 period commencing on September&amp;#xA0;20, 2017.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfFurtherInformationOnPreferredSharesOutstandingExplanatory>
  <mfc:DisclosureOfNumberOfDeferredShareUnitsOutstandingExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_F91B6D1B-AD40-49D9-9205-262FB2B4E406_1_0">&lt;div&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="78%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Number of DSUs (in thousands)&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;2016&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Outstanding, January&amp;#xA0;1&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,682&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,542&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Issued&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;156&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;254&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Reinvested&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;88&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;97&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Redeemed&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(279&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(184&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Forfeitures and cancellations&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(27
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Outstanding, December&amp;#xA0;31&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,645&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;2,682
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfNumberOfDeferredShareUnitsOutstandingExplanatory>
  <mfc:DisclosureOfCondensedConsolidatedStatementOfFinancialPositionExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_90435B59-7621-4694-BDD7-00F011A82FA7_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Condensed
 Consolidated Statement of Financial Position&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="54%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;MFC&lt;br /&gt;
 (Guarantor)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;JHUSA&lt;br /&gt;
 (Issuer)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Other&lt;br /&gt;
 subsidiaries&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Consolidation&lt;br /&gt;
 adjustments&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Consolidated&lt;br /&gt;
 MFC&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Invested assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;21&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;108,144&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;226,421&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(364&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;334,222&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Investments in unconsolidated subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;48,374&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,509&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;14,999&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(69,882&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Reinsurance assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;49,927&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;8,281&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(27,849&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;30,359&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;314&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;18,678&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;40,715&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(19,062&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;40,645&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Segregated funds net assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;176,139&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;149,812&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,644&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;324,307&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;48,709&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;359,397&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;440,228&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(118,801&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;729,533&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Liabilities and equity&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Insurance contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;147,155&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;185,884&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(28,434&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;304,605&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Investment contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,130&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,998&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,126&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;297&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;19,399&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;41,394&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(18,930&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;42,160&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Long-term debt&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,784&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,785&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Capital instruments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,615&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;584&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,188&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;8,387&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Segregated funds net liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;176,139&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;149,812&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(1,644&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;324,307&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Shareholders&amp;#x2019; equity&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;41,013&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;14,990&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;54,801&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(69,791&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;41,013&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Participating policyholders&amp;#x2019; equity&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;221&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;221&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;font style="WHITE-SPACE: nowrap"&gt;Non-controlling&lt;/font&gt;
 interests&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;929&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;929&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total liabilities and equity&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;48,709&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;359,397&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;440,228&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;(118,801&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;729,533&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" colspan="20"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Condensed Consolidated Statement of
 Financial Position&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;MFC&lt;br /&gt;
 (Guarantor)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;JHUSA&lt;br /&gt;
 (Issuer)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Other&lt;br /&gt;
 subsidiaries&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Consolidation&lt;br /&gt;
 adjustments&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Consolidated&lt;br /&gt;
 MFC&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Invested assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;161&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;109,063&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;213,043&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(398&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;321,869&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Investments in unconsolidated subsidiaries&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;47,758&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,457&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;17,504&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(71,719&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Reinsurance assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;51,537&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,069&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(26,654&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;34,952&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;315&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;28,718&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;43,931&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(24,281&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;48,683&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Segregated funds net assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;174,917&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;142,400&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(2,140&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;315,177&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;48,234&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;370,692&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;426,947&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(125,192&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;720,681&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Liabilities and equity&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Insurance contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;147,504&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;177,524&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(27,523&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;297,505&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Investment contract liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,251&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,027&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(3&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,275&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Other liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;252&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;28,892&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;43,994&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(24,113&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;49,025&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Long-term debt&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,689&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,696&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Capital instruments&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;461&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;627&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,092&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7,180&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Segregated funds net liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;174,917&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;142,400&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2,140&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;315,177&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Shareholders&amp;#x2019; equity&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;41,832&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;17,501&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;53,912&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(71,413&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;41,832&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Participating policyholders&amp;#x2019; equity&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;248&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;248&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;font style="WHITE-SPACE: nowrap"&gt;Non-controlling&lt;/font&gt;
 interests&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;743&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;743&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total liabilities and equity&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;48,234&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;370,692&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;426,947&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;(125,192&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;720,681&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfCondensedConsolidatedStatementOfFinancialPositionExplanatory>
  <mfc:DisclosureOfMajorOperatingSubsidiariesExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_CAA859B9-B881-4456-98F9-823047B4829E_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following is a list of
 Manulife&amp;#x2019;s directly and indirectly held major operating
 subsidiaries.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="50%"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td width="14%"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td width="34%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;(100% owned unless otherwise noted in
 brackets beside company name)&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;&lt;b&gt;Address&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;b&gt;Description&lt;/b&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;The Manufacturers Life Insurance Company&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center"&gt;Toronto, Canada&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Leading Canadian-based financial services company that offers a
 diverse range of financial protection products and wealth
 management services&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Holdings (Alberta) Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Calgary, Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Holding company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Financial Corporation&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Wilmington, Delaware, U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Holding
 company&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 The Manufacturers Investment Corporation&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Michigan, U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Holding company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 7em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Reassurance Company Ltd. U.S.A.&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center"&gt;Michigan, U.S.A.&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Captive insurance subsidiary that provides life, annuity and
 long-term care reinsurance to affiliates&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 7em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Life Insurance Company (U.S.A.)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center"&gt;Michigan, U.S.A.&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 U.S. life insurance company licensed in all states, except New
 York&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 8em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Subsidiaries LLC&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Wilmington, Delaware, U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Holding
 company&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 9em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Financial Network, Inc.&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Boston, Massachusetts,&amp;#xA0;U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Financial
 services distribution organization&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 9em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Advisers, LLC&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Boston, Massachusetts,&amp;#xA0;U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 Investment advisor&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 11em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Funds, LLC&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Boston, Massachusetts,&amp;#xA0;U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 Broker-dealer&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 9em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management (US) LLC&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Wilmington, Delaware, U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Asset
 management company&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 9em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Hancock Natural Resource Group, Inc.&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Boston, Massachusetts,&amp;#xA0;U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Manager of globally diversified timberland and agricultural
 portfolios&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 8em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Life Insurance Company of New York&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;New York, U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 U.S. life insurance company licensed in New York&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 8em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Investment Management Services, LLC&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Boston, Massachusetts,&amp;#xA0;U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 Investment advisor&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 8em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Life&amp;#xA0;&amp;amp; Health Insurance Company&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Boston, Massachusetts,&amp;#xA0;U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;U.S. life
 insurance company licensed in all states&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 8em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Distributors LLC&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Wilmington, Delaware, U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 Broker-dealer&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 7em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 John Hancock Insurance Agency, Inc.&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Wilmington, Delaware, U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Insurance
 agency&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 7em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Reinsurance Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Hamilton,&amp;#xA0;Bermuda&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Provides life and financial reinsurance to affiliates&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 8em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Reinsurance (Bermuda) Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Hamilton,&amp;#xA0;Bermuda&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Provides life and annuity reinsurance to affiliates&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Bank of Canada&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center"&gt;Waterloo,&amp;#xA0;Canada&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Provides integrated banking products and service options not
 available from an insurance company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management Holdings (Canada) Inc.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Toronto, Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Holding company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management Limited&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center"&gt;Toronto, Canada&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Provides investment counseling, portfolio and mutual fund
 management in Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 First North American Insurance Company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Toronto, Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Property and casualty insurance company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 NAL Resources Management Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Calgary, Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Management company for oil and gas properties&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Resources Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Calgary, Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Holds oil and gas properties&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Property Limited Partnership&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Toronto, Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Holds oil and gas royalties&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Property Limited Partnership II&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center"&gt;Toronto, Canada&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Holds oil and gas royalties and foreign bonds and equities&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Western Holdings Limited Partnership&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Calgary, Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Holds oil and gas properties&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Securities Investment Services Inc.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Oakville, Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Mutual fund dealer for Canadian operations&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Holdings (Bermuda) Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Hamilton,&amp;#xA0;Bermuda&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Holding company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manufacturers P&amp;#xA0;&amp;amp; C Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;St.&amp;#xA0;Michael,&amp;#xA0;Barbados&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Provides property and casualty reinsurance&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Financial Asia Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Hong&amp;#xA0;Kong,&amp;#xA0;China&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Holding company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife (Cambodia) PLC&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Phnom Penh, Cambodia&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Life
 insurance company&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manufacturers Life Reinsurance Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;St.&amp;#xA0;Michael,&amp;#xA0;Barbados&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Provides life and annuity reinsurance to affiliates&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife (Vietnam) Limited&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Ho Chi Minh City, Vietnam&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Life
 insurance company&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management (Vietnam) Company Limited&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Ho Chi Minh City, Vietnam&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Fund
 management company&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife International Holdings Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Hong&amp;#xA0;Kong,&amp;#xA0;China&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Holding company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife (International) Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Hong&amp;#xA0;Kong,&amp;#xA0;China&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Life insurance company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 7em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife-Sinochem Life Insurance Co. Ltd. (51%)&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Shanghai, China&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Life insurance company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management International Holdings Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Hong&amp;#xA0;Kong,&amp;#xA0;China&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Holding company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 7em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management (Hong Kong) Limited&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center"&gt;Hong&amp;#xA0;Kong,&amp;#xA0;China&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Investment management and advisory company marketing mutual
 funds&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 9em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management (Taiwan) Co., Ltd.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Taipei, Taiwan&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Asset management company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Life Insurance Company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Tokyo, Japan&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Life insurance company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management (Japan) Limited&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center"&gt;Tokyo, Japan&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Investment management and advisory company and mutual fund
 business&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Insurance (Thailand) Public Company Limited
 (92.1%)&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Bangkok,&amp;#xA0;Thailand&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Life insurance company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management (Thailand) Company Limited
 (95.3%)&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Bangkok,&amp;#xA0;Thailand&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Investment management company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Holdings Berhad (59.5%)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Kuala Lumpur, Malaysia&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Holding
 company&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Insurance Berhad (59.5%)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Kuala Lumpur, Malaysia&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Life
 insurance company&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management Services Berhad (59.5%)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Kuala Lumpur, Malaysia&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Asset
 management company&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife (Singapore) Pte. Ltd.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Singapore&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Life insurance company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management (Singapore) Pte. Ltd.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Singapore&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Asset management company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 The Manufacturers Life Insurance Co. (Phils.), Inc.&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Makati City, Philippines&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Life
 insurance company&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Chinabank Life Assurance Corporation (60%)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Makati City, Philippines&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Life
 insurance company&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 PT Asuransi Jiwa Manulife Indonesia&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Jakarta,&amp;#xA0;Indonesia&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;Life
 insurance company&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 PT Manulife Aset Manajemen Indonesia&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center"&gt;Jakarta,&amp;#xA0;Indonesia&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Investment management company marketing mutual funds and
 discretionary funds&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management (Europe) Limited&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center"&gt;London, England&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Investment management company for Manulife Financial&amp;#x2019;s
 international funds&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Assurance Company of Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Toronto, Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Life insurance company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 EIS Services (Bermuda) Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Hamilton, Bermuda&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Investment holding company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Berkshire Insurance Services Inc.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Toronto, Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Investment holding company&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 JH Investments (Delaware) LLC&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Boston, Massachusetts,&amp;#xA0;U.S.A.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 Investment holding company&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Securities Incorporated&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Oakville, Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Investment dealer&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Manulife Asset Management (North America) Limited&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"&gt;Toronto, Canada&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left"&gt;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Investment advisor&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Regional Power Inc.&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center"&gt;Mississauga,&amp;#xA0;Canada&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 Developer and operator of hydro-electric power projects&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;MFC voting rights percentages are the
 same as the ownership percentages except for Manulife Insurance
 (Thailand) Public Company Limited and Manulife Asset Management
 (Thailand) Company Limited where MFC&amp;#x2019;s voting rights are
 98.1% and 98.9%, respectively.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfMajorOperatingSubsidiariesExplanatory>
  <mfc:DisclosureOfIncomeTaxExpenseExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_9BB685FD-18A4-4EC0-8CD1-ED222E84C21B_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Income tax expenses (recovery)
 recognized in the Consolidated Statements of Income:&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="81%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Current tax&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Current year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;608&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;659&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Adjustments to prior year&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(38&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(228&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;570&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;431&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Deferred tax&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Change related to temporary differences&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(803&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(235&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Impact of U.S. Tax Reform&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;472&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Income tax expense&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;239&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;196&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Adjustments relating to closure of
 multiple taxation years&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Income tax expenses (recovery)
 recognized in Other Comprehensive Income
 (&amp;#x201C;OCI&amp;#x201D;):&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="82%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Current income tax expense (recovery)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;116&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(72&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Deferred income tax expense (recovery)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;320&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(25&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Income tax expense (recovery)&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;436&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(97&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Income tax expenses (recovery)
 recognized directly in Equity:&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="81%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Current income tax expense (recovery)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Deferred income tax expense (recovery)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(2&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Income tax expense (recovery)&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;(2&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;)&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(4&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfIncomeTaxExpenseExplanatory>
  <mfc:DescriptionOfAccountingPolicyForAssetLiabilityManagementStrategyExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_0DF3BFF6-DD29-43CC-A8AC-EC5C9136CBB3_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Asset
 Liability Management Strategy&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Our asset liability management
 strategy is designed to help ensure that the market risks embedded
 in our assets and liabilities held in the Company&amp;#x2019;s general
 fund are effectively managed and that risk exposures arising from
 these assets and liabilities are maintained below targeted levels.
 The embedded market risks include risks related to the level and
 movement of interest rates and credit spreads, public equity market
 performance, ALDA performance and foreign exchange rate
 movements.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;General fund product liabilities
 are segmented into groups with similar characteristics that are
 supported by specific asset segments. We seek to manage each
 segment to a target investment strategy appropriate for the premium
 and benefit pattern, policyholder options and guarantees, and
 crediting rate strategies of the products they support. Similar
 strategies are established for assets in the Company&amp;#x2019;s
 surplus account. The strategies are set using portfolio analysis
 techniques intended to optimize returns, subject to considerations
 related to regulatory and economic capital requirements, and risk
 tolerances. They are designed to achieve broad diversification
 across asset classes and individual investment risks while being
 suitably aligned with the liabilities they support. The strategies
 encompass asset mix, quality rating, term profile, liquidity,
 currency and industry concentration targets.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;
 &lt;/div&gt;</mfc:DescriptionOfAccountingPolicyForAssetLiabilityManagementStrategyExplanatory>
  <mfc:DescriptionOfAccountingPolicyForForeignExchangeRiskManagementStrategyExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_8FF4CA09-279B-4778-B7A3-D976AB4DB8D3_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Foreign
 Exchange Risk Management Strategy&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Our foreign exchange risk
 management strategy is designed to hedge the sensitivity of our
 regulatory capital ratios to movements in foreign exchange rates.
 In particular, the objective of the strategy is to offset within
 acceptable tolerance levels, changes in required capital with
 changes in available capital that result from currency movements.
 These changes occur when assets and liabilities related to business
 conducted in currencies other than Canadian dollars are translated
 to Canadian dollars at period ending exchange rates.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Our policy is to generally match
 the currency of our assets with the currency of the liabilities
 they support, and similarly, to generally match the currency of the
 assets in our shareholders&amp;#x2019; equity account to the currency of
 our required capital. Where assets and liabilities are not currency
 matched, we would seek to stabilize our capital ratios through the
 use of forward contracts and currency swaps.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Risk exposure limits are measured
 in terms of potential changes in capital ratios due to foreign
 exchange rate movements, determined to represent a specified
 likelihood of occurrence based on internal models.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</mfc:DescriptionOfAccountingPolicyForForeignExchangeRiskManagementStrategyExplanatory>
  <mfc:DescriptionOfAccountingPolicyForMarketRiskSensitivitiesAndMarketRiskExposureMeasuresExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_E91D44F2-2A13-4D9E-8625-256E710874D9_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#2A517F"&gt;&lt;b&gt;Market
 Risk Sensitivities and Market Risk Exposure
 Measures&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Variable
 Annuity and Segregated Fund Guarantees Sensitivities and Risk
 Exposure Measures&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Guarantees on variable annuity
 products and segregated funds may include one or more of death,
 maturity, income and withdrawal guarantees. Variable annuity and
 segregated fund guarantees are contingent and only payable upon the
 occurrence of the relevant event, if fund values at that time are
 below guaranteed values. Depending on future equity market levels,
 liabilities on current in-force business would be due primarily in
 the period from 2018 to 2038.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;We seek to mitigate a portion of
 the risks embedded in our retained (i.e. net of reinsurance)
 variable annuity and segregated fund guarantee business through the
 combination of our dynamic and macro hedging strategies (see
 &amp;#x201C;Publicly Traded Equity Performance Risk&amp;#x201D;
 below).&lt;/font&gt;&lt;/p&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The table below shows selected
 information regarding the Company&amp;#x2019;s variable annuity and
 segregated fund investment-related guarantees gross and net of
 reinsurance.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Variable
 annuity and segregated fund guarantees, net of
 reinsurance&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%"&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="52%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="12"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="12"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" rowspan="2"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;As at
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;br /&gt;
 ($ millions)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10" align="center"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="10" align="center"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Guarantee&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Fund
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 Amount&lt;br /&gt;
 at&amp;#xA0;risk&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4),(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Guarantee&lt;br /&gt;
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Fund value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Amount&lt;br /&gt;
 at&amp;#xA0;risk&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4),(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Guaranteed minimum income benefit&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,201&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,195&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,074&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,987&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,432&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,570&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Guaranteed minimum withdrawal benefit&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;61,767&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;56,512&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;5,943&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;68,594&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;59,593&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9,135&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Guaranteed minimum accumulation benefit&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;18,162&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;18,705&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;11&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;19,482&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;19,989&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;27&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Gross living benefits&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;85,130&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;79,412&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,028&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;94,063&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;84,014&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,732&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Gross death benefits&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10,743&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;16,973&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,001&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;12,200&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;16,614&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;1,350&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total gross of reinsurance&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;95,873&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;96,385&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;8,029&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;106,263&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;100,628&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;12,082&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Living benefits reinsured&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,522&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,667&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;911&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;5,241&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,903&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,349&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Death benefits reinsured&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,014&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,040&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;435&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;3,429&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;3,202&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;564&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Total reinsured&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7,536&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6,707&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,346&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;8,670&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;7,105&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;1,913&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total, net of reinsurance&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;88,337&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;89,678&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6,683&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;97,593&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;93,523&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;10,169&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Contracts with guaranteed long-term
 care benefits are included in this category.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Where a policy includes both living
 and death benefits, the guarantee in excess of the living benefit
 is included in the death benefit category as outlined in footnote
 3.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Death benefits include stand-alone
 guarantees and guarantees in excess of living benefit guarantees
 where both death and living benefits are provided on a policy.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 0pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Amount at risk (in-the-money amount)
 is the excess of guarantee values over fund values on all policies
 where the guarantee value exceeds the fund value. This amount is
 not currently payable. For guaranteed minimum death benefit, the
 amount at risk is defined as the current guaranteed minimum death
 benefit in excess of the current account balance. For guaranteed
 minimum income benefit, the amount at risk is defined as the excess
 of the current annuitization income base over the current account
 value. For all guarantees, the amount at risk is floored at zero at
 the single contract level.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The amount at risk net of reinsurance
 at December&amp;#xA0;31, 2017 was $6,683 million (2016 &amp;#x2013; $10,169
 million) of which: US$3,982 million (2016 &amp;#x2013; US$6,008 million)
 was on our U.S. business, $1,342 million (2016 &amp;#x2013; $1,499
 million) was on our Canadian business, US$95 million (2016 &amp;#x2013;
 US$206 million) was on our Japan business and US$181 million (2016
 &amp;#x2013; US$244 million) was related to Asia (other than Japan) and
 our run-off reinsurance business.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;/div&gt;</mfc:DescriptionOfAccountingPolicyForMarketRiskSensitivitiesAndMarketRiskExposureMeasuresExplanatory>
  <mfc:DescriptionOfAccountingPolicyForMarketRiskExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_9922004A-497B-4A23-B045-135D87B248CA_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#2A517F"&gt;&lt;b&gt;Market
 Risk&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Market
 risk is the risk of loss resulting from market price volatility,
 interest rate change, credit and swap spread changes, and from
 adverse foreign currency rate movements. Market price volatility
 primarily relates to changes in prices of publicly traded equities
 and alternative long-duration assets.&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</mfc:DescriptionOfAccountingPolicyForMarketRiskExplanatory>
  <mfc:DescriptionOfAccountingPolicyForProductDesignAndPricingStrategyExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_B6568209-1340-44A8-88D4-398F4396DEB0_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Product
 Design and Pricing Strategy&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%"&gt;
 &lt;p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Our policies, standards, and
 standards of practice with respect to product design and pricing
 are designed with the objective of aligning our product offerings
 with our risk taking philosophy and risk appetite, and in
 particular, that incremental risk generated from new sales aligns
 with our strategic risk objectives and risk limits. The specific
 design features of our product offerings, including level of
 benefit guarantees, policyholder options, fund offerings and
 availability restrictions as well as our associated investment
 strategies, help to mitigate the level of underlying risk. We
 regularly review and modify key features within our product
 offerings, including premiums and fee charges with a goal of
 meeting profit targets and staying within risk limits. Certain of
 our general fund adjustable benefit products have minimum rate
 guarantees. The rate guarantees for any particular policy are set
 at the time the policy is issued and governed by insurance
 regulation in each jurisdiction where the products are sold. The
 contractual provisions allow crediting rates to be re-set at
 pre-established intervals subject to the established minimum
 crediting rate guarantees. The Company may partially mitigate the
 interest rate exposure by setting new rates on new business and by
 adjusting rates on in-force business where permitted. In addition,
 the Company partially mitigates this interest rate risk through its
 asset liability management process, product design elements, and
 crediting rate strategies. New product initiatives, new reinsurance
 arrangements and material insurance underwriting initiatives must
 be reviewed and approved by the CRO or key individuals within risk
 management functions.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;
 &lt;/div&gt;</mfc:DescriptionOfAccountingPolicyForProductDesignAndPricingStrategyExplanatory>
  <mfc:DisclosureOfRiskManagementExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_BFB229B6-C992-4855-86C9-672010518DD2_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Market
 Risk Management Strategy&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Market risk is governed by the
 Global Asset Liability Committee which oversees the overall market
 and liquidity risk program. Our overall strategy to manage our
 market risks incorporates several component strategies, each
 targeted to manage one or more of the market risks arising from our
 businesses. At an enterprise level, these strategies are designed
 to manage our aggregate exposures to market risks against economic
 capital, regulatory required capital and earnings-at-risk
 limits.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following table outlines our
 key market risks and identifies the risk management strategies
 which contribute to managing these risks.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="60%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font style="FONT-SIZE: 9pt" color="#1F320C"&gt;&lt;b&gt;Risk Management
 Strategy&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="14" align="center"&gt;&lt;b&gt;Key Market Risk&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;Publicly&lt;br /&gt;
 Traded&amp;#xA0;Equity&lt;br /&gt;
 Performance&lt;br /&gt;
 Risk&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;Interest&amp;#xA0;Rate&lt;br /&gt;
 and Spread&lt;br /&gt;
 Risk&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;Alternative&lt;br /&gt;
 &lt;font style="WHITE-SPACE: nowrap"&gt;Long-Duration&lt;/font&gt;&lt;br /&gt;
 Asset&lt;br /&gt;
 Performance&lt;br /&gt;
 Risk&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;Foreign&lt;br /&gt;
 Exchange&amp;#xA0;Risk&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Product design and pricing&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Variable annuity guarantee dynamic hedging&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Macro equity risk hedging&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Asset liability management&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Foreign exchange management&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;To reduce publicly traded equity
 performance risk, we primarily use a variable annuity guarantee
 dynamic hedging strategy which is complemented by a general macro
 equity risk hedging strategy. Our strategies employed for variable
 annuity guarantee dynamic hedging and macro equity risk hedging
 expose the Company to additional risks. See &amp;#x201C;Risk
 Factors&amp;#x201D; below.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;In general, to seek to reduce
 interest rate risk, we lengthen the duration of our fixed income
 investments in our liability and surplus segments by executing
 interest rate hedges.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;We seek to limit concentration
 risk associated with ALDA performance by investing in a diversified
 basket of assets including public and private equities, commercial
 real estate, infrastructure, timber, farmland real estate, and oil
 and gas assets. We further diversify risk by managing investments
 against established limits, including for industry type and
 corporate connection, commercial real estate type and geography,
 and timber and farmland property geography and crop
 type.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;Our foreign exchange risk
 management strategy is designed to hedge the sensitivity of our
 regulatory capital ratios to movements in foreign exchange rates.
 Our policy is to generally match the currency of our assets with
 the currency of the liabilities they support, and similarly, to
 generally match the currency of the assets in our
 shareholders&amp;#x2019; equity account to the currency of our required
 capital. Where assets and liabilities are not currency matched, we
 seek to stabilize our capital ratios through the use of financial
 instruments such as derivatives.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</mfc:DisclosureOfRiskManagementExplanatory>
  <mfc:DisclosureOfDividendsPaidExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_5A16AC94-FC5A-46AB-B9F8-1A0AF8AF7910_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The Board also declared dividends
 on the following &lt;font style="WHITE-SPACE: nowrap"&gt;non-cumulative&lt;/font&gt; preferred shares,
 payable on or after March&amp;#xA0;19, 2018 to shareholders of record
 at the close of business on February&amp;#xA0;21, 2018.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="51%"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td width="48%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Class&amp;#xA0;A Shares Series 2&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.29063 per
 share&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;Class&amp;#xA0;1 Shares Series
 11&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.25 per share&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Class&amp;#xA0;A Shares Series 3&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.28125 per
 share&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;Class&amp;#xA0;1 Shares Series
 13&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.2375 per share&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Class&amp;#xA0;1 Shares Series 3&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.136125 per
 share&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;Class&amp;#xA0;1 Shares Series
 15&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.24375 per share&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Class&amp;#xA0;1 Shares Series 4&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.141103 per
 share&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;Class&amp;#xA0;1 Shares Series
 17&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.24375 per share&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Class&amp;#xA0;1 Shares Series 5&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.243188 per
 share&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;Class&amp;#xA0;1 Shares Series
 19&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.2375 per share&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Class&amp;#xA0;1 Shares Series 7&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.2695 per
 share&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;Class&amp;#xA0;1 Shares Series
 21&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.35 per share&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Class&amp;#xA0;1 Shares Series 9&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.271938 per
 share&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 Class&amp;#xA0;1 Shares Series 23&amp;#xA0;&amp;#x2013;&amp;#xA0;$0.303125 per
 share&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfDividendsPaidExplanatory>
  <mfc:DescriptionOfAccountingPolicyForBasisOfConsolidationExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_F2AEF507-3D19-4A3D-94BB-3968D489BACE_1_0">&lt;div&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;(d) Basis
 of consolidation&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;MFC consolidates the financial
 statements of all entities, including certain structured entities
 that it controls. Subsidiaries are entities controlled by the
 Company. The Company has control over an entity when the Company
 has the power to govern the financial and operating policies of the
 entity, is exposed to variable returns from its activities which
 are significant in relation to the total variable returns of the
 entity and the Company is able to use its power over the entity to
 affect its share of variable returns. In assessing control,
 significant judgment is applied while considering all relevant
 facts and circumstances. When assessing decision-making power, the
 Company considers the extent of its rights relative to the
 management of an entity, the level of voting rights held in an
 entity which are potentially or presently exercisable, the
 existence of any contractual management agreements which may
 provide the Company with power over an entity&amp;#x2019;s financial and
 operating policies and to the extent of other parties&amp;#x2019;
 ownership in an entity, if any, the possibility for de facto
 control being present. When assessing returns, the Company
 considers the significance of direct and indirect financial and
 &lt;font style="white-space:nowrap"&gt;non-financial&lt;/font&gt; variable
 returns to the Company from an entity&amp;#x2019;s activities in
 addition to the proportionate significance of such returns. The
 Company also considers the degree to which its interests are
 aligned with those of other parties investing in an entity and the
 degree to which it may act in its own interest.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The financial statements of
 subsidiaries are included in the MFC&amp;#x2019;s consolidated results
 from the date control is established and are excluded from
 consolidation from the date control ceases. The initial control
 assessment is performed at inception of the Company&amp;#x2019;s
 involvement with the entity and is reconsidered at a later date if
 the Company acquires or loses power over key operating and
 financial policies of the entity; acquires additional interests or
 disposes of interests in the entity; the contractual arrangements
 of the entity are amended such that the Company&amp;#x2019;s
 proportionate exposure to variable returns changes; or if the
 Company&amp;#x2019;s ability to use its power to affect its variable
 returns from the entity changes.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The Company&amp;#x2019;s Consolidated
 Financial Statements have been prepared using uniform accounting
 policies for like transactions and events in similar circumstances.
 Intercompany balances, and income and expenses arising from
 intercompany transactions, have been eliminated in preparing the
 Consolidated Financial Statements.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;&lt;font style="white-space:nowrap"&gt;Non-controlling&lt;/font&gt; interests are interests
 of other parties in the equity of MFC&amp;#x2019;s subsidiaries and are
 presented within total equity, separate from the equity of
 MFC&amp;#x2019;s shareholders. &lt;font style="white-space:nowrap"&gt;Non-controlling&lt;/font&gt; interests in the net
 income and other comprehensive income (&amp;#x201C;OCI&amp;#x201D;) of
 MFC&amp;#x2019;s subsidiaries are included in total net income and total
 OCI, respectively. An exception to this occurs where the
 subsidiary&amp;#x2019;s shares are required to be redeemed for cash on a
 fixed or determinable date, in which case other parties&amp;#x2019;
 interests in the subsidiary&amp;#x2019;s capital are presented as
 liabilities of the Company and other parties&amp;#x2019; &lt;font style="white-space:nowrap"&gt;non-controlling&lt;/font&gt; interests in the
 subsidiary&amp;#x2019;s income and OCI are recorded as expenses of the
 Company.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL"&gt;
 &lt;font style="font-family:ARIAL"&gt;The equity method of accounting is
 used to account for entities over which the Company has significant
 influence (&amp;#x201C;associates&amp;#x201D;), whereby the Company records
 its share of the associate&amp;#x2019;s net assets and financial results
 using uniform accounting policies for similar transactions and
 events. Significant judgment is used to determine whether voting
 rights, contractual management and other relationships with the
 entity, if any, provide the Company with significant influence over
 the entity. Gains and losses on the sale of associates are included
 in income when realized, while impairment losses are recognized
 immediately when there is objective evidence of impairment. Gains
 and losses on commercial transactions with associates are
 eliminated to the extent of the Company&amp;#x2019;s interest in the
 associate. Investments in associates are included in other invested
 assets on the Company&amp;#x2019;s Consolidated Statements of Financial
 Position.&lt;/font&gt;&lt;/p&gt;
 &lt;/div&gt;</mfc:DescriptionOfAccountingPolicyForBasisOfConsolidationExplanatory>
  <mfc:PercentageOfMortgagePortfolio contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="2" id="id_12895287_D793AA3E-45BE-4813-8FE4-B9A1D2917D64_1_0" unitRef="pure">0.17</mfc:PercentageOfMortgagePortfolio>
  <mfc:MaximumPercentageOfFinalAveragePayPensionPlansToGlobalPensionObligations contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="INF" id="id_12895287_2D7EB40C-DBC2-431E-9870-C16C695DE09A_1_0" unitRef="pure">0.50</mfc:MaximumPercentageOfFinalAveragePayPensionPlansToGlobalPensionObligations>
  <mfc:InvestmentIncomeYields contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="3" id="id_12895287_B6E9C7E2-8D6E-4CCD-B878-050E6B869699_1011_1400001" unitRef="pure">0.060</mfc:InvestmentIncomeYields>
  <mfc:VariableAnnuityGuaranteeLiabilitiesRebalancedBasisPointIntervals contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="4" id="id_12895287_E2221412-091D-4055-B7C6-8BD3D2AE9A5D_1_0" unitRef="pure">0.0020</mfc:VariableAnnuityGuaranteeLiabilitiesRebalancedBasisPointIntervals>
  <mfc:SensitivityBasisPointOfNetIncomeAttributedToShareholders contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="4" id="id_12895287_2A8D9A60-2F8B-4F86-B591-BDCF00B40613_1_0" unitRef="pure">0.0050</mfc:SensitivityBasisPointOfNetIncomeAttributedToShareholders>
  <mfc:DynamicallyHedgedVariableAnnuityGuaranteeEstimateLiabilitiesPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="2" id="id_12895287_43E9CE14-7F60-45FB-9293-ACD6398E8E64_1_0" unitRef="pure">0.05</mfc:DynamicallyHedgedVariableAnnuityGuaranteeEstimateLiabilitiesPercentage>
  <mfc:IntervalPercentageOfWhichImpactOfRebalancingEquityHedgesForDynamicallyHedgedVariableAnnuityGuaranteeBestEstimateLiabilities contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="2" id="id_12895287_65DBD37B-77F8-4D55-80D3-1B6A215935A8_3001_1" unitRef="pure">0.05</mfc:IntervalPercentageOfWhichImpactOfRebalancingEquityHedgesForDynamicallyHedgedVariableAnnuityGuaranteeBestEstimateLiabilities>
  <mfc:ChangesInMethodsAndAssumptionsInInsuranceContracts contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_3FF409B2-877B-4CE1-8C0B-185CEF4E0A80_7005_4" unitRef="iso4217_CAD">324000000</mfc:ChangesInMethodsAndAssumptionsInInsuranceContracts>
  <mfc:NormalInForceMovementInInsuranceContracts contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_3FF409B2-877B-4CE1-8C0B-185CEF4E0A80_7005_3" unitRef="iso4217_CAD">13025000000</mfc:NormalInForceMovementInInsuranceContracts>
  <mfc:ChangesInSegregatedFundsNetAssetsNetAdditionsDeductions contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_DBDDAE9D-8D99-4675-BC7E-8B19AF9AC166_1_13" unitRef="iso4217_CAD">9100000000</mfc:ChangesInSegregatedFundsNetAssetsNetAdditionsDeductions>
  <mfc:ContributionsFromDistributionsToNoncontrollingInterests contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_B3534D1C-43E0-431F-A350-A0545FC7C1A6_1_29" unitRef="iso4217_CAD">6000000</mfc:ContributionsFromDistributionsToNoncontrollingInterests>
  <mfc:DisclosureOfIncomeTaxExpenseReconciliationShowingEffectiveIncomeTaxExpenseDifferenceFromStatutoryIncomeTaxExpenseExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_3FDEEFFF-01B7-4651-96BD-CBFA4B5DF925_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The effective income tax rate
 reflected in the Consolidated Statements of Income varies from the
 Canadian tax rate of 26.75&amp;#xA0;per cent for the year ended
 December&amp;#xA0;31, 2017 (2016&amp;#xA0;&amp;#x2013;&amp;#xA0;26.75 per cent) and
 the reasons are disclosed below.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Reconciliation of income tax
 expense&lt;/b&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="81%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Income before income taxes&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;2,501&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;3,329&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Income tax expense at Canadian statutory tax rate&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;669&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;890&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Increase (decrease) in income taxes due to:&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 &lt;font style="WHITE-SPACE: nowrap"&gt;Tax-exempt&lt;/font&gt; investment
 income&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(242&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(229&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Differences in tax rate on income not subject to tax in Canada&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(551&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(366&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Recovery of unrecognized tax losses of prior years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(10&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Adjustments to taxes related to prior years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(182&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(206&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Tax losses and temporary differences not recognized as deferred
 taxes&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;22&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Impact of U.S. Tax Reform&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;472&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other differences&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;59&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;95&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Income tax expense&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;239&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;196&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfIncomeTaxExpenseReconciliationShowingEffectiveIncomeTaxExpenseDifferenceFromStatutoryIncomeTaxExpenseExplanatory>
  <mfc:SummaryOfCreditQualityAndCarryingValueOfCommercialMortgageAndPrivatePlacementTextBlock contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_5F2AAB3E-14EE-40ED-B6E4-3D2091A08B6C_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents the credit quality and carrying value
 of commercial mortgages and private placements.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="47%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;AAA&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;AA&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;A&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;BBB&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;BB&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 B&amp;#xA0;and&amp;#xA0;lower&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Commercial mortgages&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Retail&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;110&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,517&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,363&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,050&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;44&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;57&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;8,141&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Office&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;57&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,272&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,635&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,647&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;70&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;28&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,709&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Multi-family residential&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;523&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,395&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,805&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;726&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;4,449&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Industrial&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;33&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;386&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,542&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;477&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;145&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,583&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;362&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;331&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,012&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;973&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,692&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total commercial mortgages&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,085&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,901&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;13,357&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5,873&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;273&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;85&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;25,574&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Agricultural mortgages&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;159&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;405&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;25&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;589&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,038&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,246&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;11,978&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;13,160&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;717&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;993&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;32,132&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;2,123&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;9,306&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;25,335&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;19,438&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;1,015&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;1,078&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;58,295&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;AAA&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;AA&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;A&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;BBB&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;BB&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;B and lower&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Commercial mortgages&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Retail&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;97&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,620&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,391&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,084&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;8,199&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Office&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;68&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,255&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,972&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,938&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;55&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;36&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7,324&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Multi-family residential&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;656&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,362&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,944&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;844&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,806&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Industrial&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;22&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;360&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,452&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;831&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;169&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2,834&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Other&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;428&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;261&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,323&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;493&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;60&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2,565&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total commercial mortgages&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,271&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;4,858&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;13,082&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;6,190&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;284&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;43&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;25,728&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Agricultural mortgages&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;151&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;61&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;469&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;141&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;822&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Private placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,086&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;4,466&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;10,671&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;11,606&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;936&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;964&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;29,729&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;2,357&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;9,475&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;23,814&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;18,265&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;1,361&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;1,007&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;56,279&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;br class="Apple-interchange-newline" /&gt;

 &lt;/div&gt;</mfc:SummaryOfCreditQualityAndCarryingValueOfCommercialMortgageAndPrivatePlacementTextBlock>
  <mfc:AdditionsDispositionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_A5974906-675B-45E8-89B9-E1BA5C1F0897_1009_2" unitRef="iso4217_CAD">306000000</mfc:AdditionsDispositionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill>
  <mfc:KeyMarketRisksAndRiskManagementStrategiesExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_30B4498B-B4C3-4580-A0FB-92BBF95A5E4E_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following table outlines our
 key market risks and identifies the risk management strategies
 which contribute to managing these risks.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="60%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="6%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font style="FONT-SIZE: 9pt" color="#1F320C"&gt;&lt;b&gt;Risk Management
 Strategy&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="14" align="center"&gt;&lt;b&gt;Key Market Risk&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;Publicly&lt;br /&gt;
 Traded&amp;#xA0;Equity&lt;br /&gt;
 Performance&lt;br /&gt;
 Risk&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;Interest&amp;#xA0;Rate&lt;br /&gt;
 and Spread&lt;br /&gt;
 Risk&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;Alternative&lt;br /&gt;
 &lt;font style="WHITE-SPACE: nowrap"&gt;Long-Duration&lt;/font&gt;&lt;br /&gt;
 Asset&lt;br /&gt;
 Performance&lt;br /&gt;
 Risk&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;Foreign&lt;br /&gt;
 Exchange&amp;#xA0;Risk&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Product design and pricing&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Variable annuity guarantee dynamic hedging&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Macro equity risk hedging&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Asset liability management&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Foreign exchange management&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;X&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:KeyMarketRisksAndRiskManagementStrategiesExplanatory>
  <mfc:DisclosureOfPotentialImpactOnNetIncomeAttributedToShareholdersAndMLIMMCCSRRatioOfImmediateParallelChangeInInterestRatesRelativeToRatesAssumedInValuationOfPolicyLiabilitiesTextBlock contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_29E7238F-1112-4F1E-8B96-B7BBFA5D09A9_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; MARGIN-LEFT: 0px; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Potential impact on net income attributed
 to shareholders and MLI&amp;#x2019;s MCCSR ratio of an immediate
 parallel change in interest rates relative to rates assumed in the
 valuation of policy liabilities&lt;/b&gt;&lt;/font&gt;&lt;font style="FONT-SIZE: 6pt; FONT-FAMILY: ARIAL" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 6px; VERTICAL-ALIGN: top"&gt;(1),(2),(3),(4),(5)&lt;/sup&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td width="80%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; break-inside: avoid" bgcolor="#E9EDF2"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid" bgcolor="#E9EDF2"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid" bgcolor="#E9EDF2"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;-50bp&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;+50bp&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;-50bp&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;+50bp&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid" bgcolor="#E9EDF2"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Net income attributed to shareholders ($ millions)&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid" bgcolor="#E9EDF2"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Excluding change in market value of AFS fixed income assets held in
 the surplus segment&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(200&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;100&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid" bgcolor="#E9EDF2"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 From fair value changes in AFS fixed income assets held in surplus,
 if realized&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;1,100&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(1,000)&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;1,000&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(900)&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;MLI&amp;#x2019;s MCCSR ratio (Percentage points)&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Before impact of change in market value of AFS fixed income assets
 held in the surplus segment&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(7&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(6&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;5&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 From fair value changes in AFS fixed income assets held in surplus,
 if realized&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(5&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;1&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(4)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="FONT-SIZE: medium; MAX-WIDTH: 100%; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); PADDING-BOTTOM: 3pt; FONT-STYLE: normal; PADDING-TOP: 2pt; MARGIN-LEFT: -15px; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -15px; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;See &amp;#x201C;Caution Related to
 Sensitivities&amp;#x201D; above. In addition, estimates exclude changes
 to the net actuarial gains/losses with respect to the
 Company&amp;#x2019;s pension obligations as a result of changes in
 interest rates, as the impact on the quoted sensitivities is not
 considered to be material.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The sensitivities as at
 December&amp;#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&amp;#xA0;1, 2018 and the decision to change
 the portfolio asset mix supporting our legacy businesses over the
 next 12-18 months.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Includes guaranteed insurance and
 annuity products, including variable annuity contracts as well as
 adjustable benefit products where benefits are generally adjusted
 as interest rates and investment returns change, a portion of which
 have minimum credited rate guarantees. For adjustable benefit
 products subject to minimum rate guarantees, the sensitivities are
 based on the assumption that credited rates will be floored at the
 minimum.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The amount of gain or loss that can
 be realized on AFS fixed income assets held in the surplus segment
 will depend on the aggregate amount of unrealized gain or
 loss.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;div style="FONT-SIZE: medium; MAX-WIDTH: 100%; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); PADDING-BOTTOM: 3pt; FONT-STYLE: normal; PADDING-TOP: 2pt; MARGIN-LEFT: -15px; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -15px; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 0pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Sensitivities are based on projected
 asset and liability cash flows and the impact of realizing fair
 value changes in AFS fixed income is based on the holdings at the
 end of the period.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The impact on MLI&amp;#x2019;s MCCSR ratio
 includes both the impact of lower earnings on available capital as
 well as the increase in required capital that results from a
 decline in&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="2%" align="right"&gt;interest&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;rates.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfPotentialImpactOnNetIncomeAttributedToShareholdersAndMLIMMCCSRRatioOfImmediateParallelChangeInInterestRatesRelativeToRatesAssumedInValuationOfPolicyLiabilitiesTextBlock>
  <mfc:DisclosureOfPotentialImpactOnCoreEarningsArisingFromCurrencyChangesRelativeToKeyOperatingCurrenciesTextBlock contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_5AB7184B-F238-4C31-B54A-9A04F50CC1D5_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Potential
 impact on core earnings&lt;/b&gt;&lt;/font&gt;&lt;font style="FONT-SIZE: 6pt; FONT-FAMILY: ARIAL" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1),(2),(3)&lt;/sup&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="64%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="8"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="8"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6" align="center"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 ($ millions)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;+10%&lt;br /&gt;
 strengthening&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;-10%&lt;br /&gt;
 weakening&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;+10%&lt;br /&gt;
 strengthening&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;-10%&lt;br /&gt;
 weakening&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 10% change in the Canadian dollar relative to the U.S. dollar and
 the Hong Kong dollar&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;(280)&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;280&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;$&amp;#xA0;&amp;#xA0;(230&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;230&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 10% change in the Canadian dollar relative to the Japanese yen&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(60)&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;60&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;(50&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;50&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;This item is a non-GAAP measure. See
 &amp;#x201C;Performance and Non-GAAP Measures&amp;#x201D; below.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;See &amp;#x201C;Caution Related to
 Sensitivities&amp;#x201D; above.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The sensitivities as at
 December&amp;#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&amp;#xA0;1, 2018.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfPotentialImpactOnCoreEarningsArisingFromCurrencyChangesRelativeToKeyOperatingCurrenciesTextBlock>
  <mfc:DisclosureOfGrossNotionalAmountByRemainingTermToMaturityFairValueIncludingAccruedInterestCreditRiskEquivalentAndRiskWeightedAmountByContractTypeExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" id="id_12895287_F435E7BC-A149-4F7D-8574-C5D065B2CCF6_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents fair value of derivative instruments
 by remaining term to maturity. Fair values disclosed below do not
 incorporate the impact of master netting agreements. Refer to note
 10.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="59%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="4%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="14" align="center"&gt;Remaining
 term to maturity&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Less&amp;#xA0;than&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;1 year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;1 to 3&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;3 to 5&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Over 5&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Total&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Derivative assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;605&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;822&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;889&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;13,253&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;15,569&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Derivative liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;224&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;149&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;168&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7,281&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,822&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="center"&gt;&lt;font style="FONT-SIZE: 7pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="13" align="center"&gt;&lt;font style="FONT-SIZE: 7pt"&gt;Remaining
 term to maturity&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font style="FONT-SIZE: 7pt"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;Less&amp;#xA0;than&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;1 year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1 to 3&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;3 to 5&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;Over 5&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;br /&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;Total&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Derivative assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;467&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;680&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;719&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;21,806&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 &amp;#xA0;&amp;#xA0;23,672&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Derivative liabilities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;593&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;595&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;511&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;12,452&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;14,151&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The following table presents gross notional amount by remaining
 term to maturity, total fair value (including accrued interest),
 credit risk equivalent and risk-weighted amount by contract
 type.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="34%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="14" align="center"&gt;Remaining
 term to maturity (notional amounts)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="14" align="center"&gt;Fair
 value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Under 1&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;1 to 5&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Over&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;5 years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Positive&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Negative&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Net&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Credit&amp;#xA0;risk&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;equivalent&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Risk-&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;weighted&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;amount&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest rate contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 OTC swap contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,161&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;19,141&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;112,412&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;138,714&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;13,379&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(6,867&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,512&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,588&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;809&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Cleared swap contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,615&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,928&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;93,561&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;108,104&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;245&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(206&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;39&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Forward contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;6,036&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;10,614&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;675&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;17,325&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;903&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(38&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;865&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;285&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;35&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Futures&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;11,551&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;11,551&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Options purchased&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;816&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,856&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;5,421&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10,093&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;312&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;312&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;471&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;61&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Subtotal&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;27,179&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;46,539&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;212,069&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;285,787&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;14,839&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(7,111&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,728&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,344&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;905&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Foreign exchange&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Swap contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
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 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
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 &lt;b&gt;(973&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,874&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;200&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Forward contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,046&lt;/b&gt;&lt;/td&gt;
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 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;135&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,181&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(31&lt;/b&gt;&lt;/td&gt;
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 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(19&lt;/b&gt;&lt;/td&gt;
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 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;101&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Futures&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,157&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,157&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
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 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
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 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Credit derivatives&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;38&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;568&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;606&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;14&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity contracts&lt;/p&gt;
 &lt;/td&gt;
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 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Swap contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,612&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;169&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
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 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,781&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;60&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(14&lt;/b&gt;&lt;/td&gt;
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 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;46&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;337&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;35&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Futures&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,158&lt;/b&gt;&lt;/td&gt;
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 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,158&lt;/b&gt;&lt;/td&gt;
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 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
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 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Options purchased&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4,693&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;6,148&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;100&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10,941&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
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 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;769&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(10&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;759&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2,606&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;305&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Subtotal including accrued interest&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;53,882&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;58,040&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;224,851&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;336,773&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16,204&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(8,649&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;7,555&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;12,262&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,457&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Less accrued interest&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;635&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(827&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(192&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;
 &lt;b&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;53,882&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;58,040&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;224,851&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;336,773&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;15,569&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(7,822&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7,747&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;12,262&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,457&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="14" align="center"&gt;Remaining term to maturity (notional
 amounts)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="14" align="center"&gt;Fair value&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Under 1&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;year&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;1 to 5&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Over&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;5 years&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Positive&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Negative&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Net&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Credit&amp;#xA0;risk&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;equivalent&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Risk-&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;weighted&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;amount&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Interest rate contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 OTC swap contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,244&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;37,395&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;164,252&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;214,891&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;19,327&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(10,154&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9,173&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,205&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 1,493&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Cleared swap contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;717&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,786&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;62,952&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;68,455&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,507&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2,117&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,390&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Interest rate forwards&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7,229&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6,143&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;873&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;14,245&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;326&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(629&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(303&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;192&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;29&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Futures&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;11,616&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;11,616&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Options purchased&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;483&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2,927&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;5,980&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;9,390&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;376&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;376&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;458&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;70&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Subtotal&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;33,289&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;51,251&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;234,057&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;318,597&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;23,536&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(12,900&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,636&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,855&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 1,592&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Foreign exchange&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Swap contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;425&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,917&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9,259&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,601&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;346&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2,120&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(1,774&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,491&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;181&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Forward contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,257&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;165&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,422&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(38&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(25&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;62&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Futures&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,729&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;4,729&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Credit derivatives&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;47&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;615&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;662&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;18&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Equity contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Swap contracts&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,107&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;192&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,299&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;64&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(35&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;29&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;495&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;54&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Futures&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;16,072&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;16,072&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;
 &amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Options purchased&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;6,007&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;5,809&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;11,816&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;626&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(2&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;624&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;2,735&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;358&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Subtotal including accrued interest&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;64,933&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;61,949&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;243,316&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;370,198&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;24,603&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(15,095&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9,508&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;15,638&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 2,194&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Less accrued interest&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;931&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(944&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(13&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;64,933&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;61,949&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;243,316&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;370,198&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;23,672&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(14,151&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;9,521&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;15,638&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;2,194&amp;#xA0;&amp;#xA0;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Credit risk equivalent is the sum of
 replacement cost and the potential future credit exposure.
 Replacement cost represents the current cost of replacing all
 contracts with a positive fair value. The amounts take into
 consideration legal contracts that permit offsetting of positions.
 The potential future credit exposure is calculated based on a
 formula prescribed by OSFI.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Risk-weighted amount represents the
 credit risk equivalent, weighted according to the creditworthiness
 of the counterparty, as prescribed by OSFI.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfGrossNotionalAmountByRemainingTermToMaturityFairValueIncludingAccruedInterestCreditRiskEquivalentAndRiskWeightedAmountByContractTypeExplanatory>
  <mfc:SettlementsMultipleSignificantUnobservableInputsOnDerivativeInstruments contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_1CF85A9A-2B5F-485F-9BBC-704725332BD4_1_5" unitRef="iso4217_CAD">-103000000</mfc:SettlementsMultipleSignificantUnobservableInputsOnDerivativeInstruments>
  <mfc:TaxEffectFromChangeInTaxRateInInsuranceContracts contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_3FF409B2-877B-4CE1-8C0B-185CEF4E0A80_7005_5" unitRef="iso4217_CAD">-2246000000</mfc:TaxEffectFromChangeInTaxRateInInsuranceContracts>
  <mfc:IncreaseDueToDecisionToChangeThePortfolioAssetMixSupportingLegacyBusinessInsuranceContracts contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_3FF409B2-877B-4CE1-8C0B-185CEF4E0A80_7005_6" unitRef="iso4217_CAD">-1383000000</mfc:IncreaseDueToDecisionToChangeThePortfolioAssetMixSupportingLegacyBusinessInsuranceContracts>
  <mfc:TaxEffectFromChangeInTaxRateInInsuranceContractsPostTax contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_278F993A-C996-4492-A6FC-E1E5750BC7FD_3001_4" unitRef="iso4217_CAD">1774000000</mfc:TaxEffectFromChangeInTaxRateInInsuranceContractsPostTax>
  <mfc:IncreaseDecreaseInNetIncomeAttributedToParticipatingPolicyholders contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0" decimals="-6" id="id_12895287_5FC39740-8463-4E7C-BBE1-A42559EE1FC1_1_2" unitRef="iso4217_CAD">-88000000</mfc:IncreaseDecreaseInNetIncomeAttributedToParticipatingPolicyholders>
  <mfc:IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2916664x3031818_2935541x2997554_2937968x2933169" decimals="-6" id="id_12895287_6434FFC2-6E64-488A-9823-EAF5C3418084_1001_0" unitRef="iso4217_CAD">222000000</mfc:IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax>
  <mfc:OtherInvestedAssetsFairValueDiscountRate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2925291x2997893_2938920x2935626" decimals="INF" id="id_12895287_ACFF7A61-5ECE-4F57-91BB-8448AC23BA21_1001_1" unitRef="pure">0.0920</mfc:OtherInvestedAssetsFairValueDiscountRate>
  <mfc:OtherInvestedAssetsFairValueDiscountRate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2925291x2997893_2938920x2939141" decimals="INF" id="id_12895287_ACFF7A61-5ECE-4F57-91BB-8448AC23BA21_1002_1" unitRef="pure">0.1650</mfc:OtherInvestedAssetsFairValueDiscountRate>
  <mfc:OtherInvestedAssetsFairValueDiscountRate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2925291x2998141_2938920x2935626" decimals="INF" id="id_12895287_ACFF7A61-5ECE-4F57-91BB-8448AC23BA21_2001_2" unitRef="pure">0.050</mfc:OtherInvestedAssetsFairValueDiscountRate>
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  <mfc:SegregatedFundsCompositionPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x2981330_2938920x2939141" decimals="INF" id="id_12895287_C4DB29AD-ADF7-49D4-8010-6387F33567C6_1002_0" unitRef="pure">0.03</mfc:SegregatedFundsCompositionPercentage>
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  <ifrs-full:SalesFairValueMeasurementAssets contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x2996958_2935650x2937438_2937813x2938265" decimals="-6" id="id_12895287_6452C441-EAF0-48C9-98E5-3A4052BEAC35_1013_5" unitRef="iso4217_CAD">4000000</ifrs-full:SalesFairValueMeasurementAssets>
  <ifrs-full:SalesFairValueMeasurementAssets contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x2996958_2937813x2938265" decimals="-6" id="id_12895287_6452C441-EAF0-48C9-98E5-3A4052BEAC35_1014_5" unitRef="iso4217_CAD">4000000</ifrs-full:SalesFairValueMeasurementAssets>
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  <ifrs-full:GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x2998190_2937813x2938265" decimals="-6" id="id_12895287_6452C441-EAF0-48C9-98E5-3A4052BEAC35_1018_2" unitRef="iso4217_CAD">60000000</ifrs-full:GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets>
  <ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x2998190_2937813x2938265" decimals="-6" id="id_12895287_6452C441-EAF0-48C9-98E5-3A4052BEAC35_1018_9" unitRef="iso4217_CAD">154000000</ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss>
  <ifrs-full:GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x2998190_2937813x2938265" decimals="-6" id="id_12895287_6452C441-EAF0-48C9-98E5-3A4052BEAC35_1018_11" unitRef="iso4217_CAD">45000000</ifrs-full:GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement>
  <ifrs-full:PurchasesFairValueMeasurementAssets contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x2998190_2937813x2938265" decimals="-6" id="id_12895287_6452C441-EAF0-48C9-98E5-3A4052BEAC35_1018_4" unitRef="iso4217_CAD">261000000</ifrs-full:PurchasesFairValueMeasurementAssets>
  <ifrs-full:SalesFairValueMeasurementAssets contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x2998190_2937813x2938265" decimals="-6" id="id_12895287_6452C441-EAF0-48C9-98E5-3A4052BEAC35_1018_5" unitRef="iso4217_CAD">248000000</ifrs-full:SalesFairValueMeasurementAssets>
  <ifrs-full:TransfersOutOfLevel3OfFairValueHierarchyAssets contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x2998190_2937813x2938265" decimals="-6" id="id_12895287_6452C441-EAF0-48C9-98E5-3A4052BEAC35_1018_8" unitRef="iso4217_CAD">184000000</ifrs-full:TransfersOutOfLevel3OfFairValueHierarchyAssets>
  <ifrs-full:SettlementsFairValueMeasurementAssets contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x2998190_2937813x2938265" decimals="-6" id="id_12895287_6452C441-EAF0-48C9-98E5-3A4052BEAC35_1018_6" unitRef="iso4217_CAD">54000000</ifrs-full:SettlementsFairValueMeasurementAssets>
  <ifrs-full:GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x2998196_2937813x2938265" decimals="-6" id="id_12895287_6452C441-EAF0-48C9-98E5-3A4052BEAC35_1017_2" unitRef="iso4217_CAD">696000000</ifrs-full:GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets>
  <ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x2998196_2937813x2938265" decimals="-6" id="id_12895287_6452C441-EAF0-48C9-98E5-3A4052BEAC35_1017_9" unitRef="iso4217_CAD">1309000000</ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss>
  <ifrs-full:GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x2998196_2937813x2938265" decimals="-6" id="id_12895287_6452C441-EAF0-48C9-98E5-3A4052BEAC35_1017_11" unitRef="iso4217_CAD">508000000</ifrs-full:GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement>
  <ifrs-full:PurchasesFairValueMeasurementAssets contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x2998196_2937813x2938265" decimals="-6" id="id_12895287_6452C441-EAF0-48C9-98E5-3A4052BEAC35_1017_4" unitRef="iso4217_CAD">4279000000</ifrs-full:PurchasesFairValueMeasurementAssets>
  <ifrs-full:SalesFairValueMeasurementAssets contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x2998196_2937813x2938265" decimals="-6" id="id_12895287_6452C441-EAF0-48C9-98E5-3A4052BEAC35_1017_5" unitRef="iso4217_CAD">1702000000</ifrs-full:SalesFairValueMeasurementAssets>
  <ifrs-full:SettlementsFairValueMeasurementAssets contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x2998196_2937813x2938265" decimals="-6" id="id_12895287_6452C441-EAF0-48C9-98E5-3A4052BEAC35_1017_6" unitRef="iso4217_CAD">837000000</ifrs-full:SettlementsFairValueMeasurementAssets>
  <mfc:DisclosureOfPotentialImpactOnNetIncomeAttributedToShareholdersArisingFromChangesToSpreadsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x2999264" id="id_12895287_F9F5F778-B935-44F7-9809-EBA31011D68C_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; MARGIN-LEFT: 0px; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;Potential impact on net income attributed
 to shareholders arising from changes in ALDA returns&lt;/b&gt;&lt;sup style="FONT-SIZE: 10px; VERTICAL-ALIGN: top"&gt;(1),(2),(3),(4),(5),(6),(7)&lt;/sup&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;div style="FONT-SIZE: medium; MAX-WIDTH: 100%; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); PADDING-BOTTOM: 3pt; FONT-STYLE: normal; PADDING-TOP: 2pt; MARGIN-LEFT: -15px; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -15px; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="65%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" rowspan="2"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 ($ millions)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;
 &lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;-10%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;10%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;-10%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;10%&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Real estate, agriculture and timber assets&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;$&amp;#xA0;&amp;#xA0;(1,300&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;1,300&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;(1,300&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;1,200&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Private equities and other ALDA&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(1,500&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,400&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(1,200&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;1,200&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Alternative long-duration assets&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;$&amp;#xA0;&amp;#xA0;(2,800&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;2,700&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;(2,500&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;2,400&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;See &amp;#x201C;Caution Related to
 Sensitivities&amp;#x201D; above.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The sensitivities as at
 December&amp;#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&amp;#xA0;1, 2018.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;This impact is calculated as at a
 point-in-time impact and does not include: (i)&amp;#xA0;any potential
 impact on ALDA weightings or (ii)&amp;#xA0;any gains or losses on ALDA
 held in the Corporate and Other segment.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The participating policy funds are
 largely self-supporting and generate no material impact on net
 income attributed to shareholders as a result of changes in ALDA
 returns. For some classes of ALDA, where there is not an
 appropriate long-term benchmark available, the return assumptions
 used in valuation are not permitted by the Standards of Practice
 and CIA guidance to result in a lower reserve than an assumption
 based on a historical return benchmark for public equities in the
 same jurisdiction.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Net income impact does not consider
 any impact of the market correction on assumed future return
 assumptions.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Please refer to &amp;#x201C;Sensitivity of
 Earnings to Changes in Assumptions&amp;#x201D; below, for more
 information on the level of growth assumed and on the net income
 sensitivity to changes in these long-term assumptions.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(7)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The sensitivities as at
 December&amp;#xA0;31, 2017 do not include the impact of the decision to
 change the portfolio asset mix supporting our North American legacy
 business as no changes to the portfolio had been made as of that
 date. The reduction in the allocation to ALDA in the portfolio
 asset mix will be reflected in the sensitivity as it occurs over
 the next 12-18 months.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;/div&gt;</mfc:DisclosureOfPotentialImpactOnNetIncomeAttributedToShareholdersArisingFromChangesToSpreadsExplanatory>
  <mfc:IncreaseDecreaseInEquityMarketValuesNetIncomeImpact contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x2999264_2938135x2999290_2939160x2999273" decimals="-6" id="id_12895287_53EA89BD-3B19-43CF-BD13-82645E15DB01_2001_0" unitRef="iso4217_CAD">-1300000000</mfc:IncreaseDecreaseInEquityMarketValuesNetIncomeImpact>
  <mfc:IncreaseDecreaseInEquityMarketValuesNetIncomeImpact contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x2999264_2938135x2999290_2939160x2999274" decimals="-6" id="id_12895287_53EA89BD-3B19-43CF-BD13-82645E15DB01_2002_0" unitRef="iso4217_CAD">1300000000</mfc:IncreaseDecreaseInEquityMarketValuesNetIncomeImpact>
  <mfc:IncreaseDecreaseInEquityMarketValuesNetIncomeImpact contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x2999264_2938135x2999291_2939160x2999273" decimals="-6" id="id_12895287_53EA89BD-3B19-43CF-BD13-82645E15DB01_3001_1" unitRef="iso4217_CAD">-1500000000</mfc:IncreaseDecreaseInEquityMarketValuesNetIncomeImpact>
  <mfc:IncreaseDecreaseInEquityMarketValuesNetIncomeImpact contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x2999264_2938135x2999291_2939160x2999274" decimals="-6" id="id_12895287_53EA89BD-3B19-43CF-BD13-82645E15DB01_3002_1" unitRef="iso4217_CAD">1400000000</mfc:IncreaseDecreaseInEquityMarketValuesNetIncomeImpact>
  <mfc:IncreaseDecreaseInEquityMarketValuesNetIncomeImpact contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x2999264_2939160x2999273" decimals="-6" id="id_12895287_53EA89BD-3B19-43CF-BD13-82645E15DB01_1001_2" unitRef="iso4217_CAD">-2800000000</mfc:IncreaseDecreaseInEquityMarketValuesNetIncomeImpact>
  <mfc:IncreaseDecreaseInEquityMarketValuesNetIncomeImpact contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x2999264_2939160x2999274" decimals="-6" id="id_12895287_53EA89BD-3B19-43CF-BD13-82645E15DB01_1002_2" unitRef="iso4217_CAD">2700000000</mfc:IncreaseDecreaseInEquityMarketValuesNetIncomeImpact>
  <mfc:SpreadPeriodToGradeToLongtermAverage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x2999270" id="id_12895287_989667F3-B95B-48C2-BD29-84E23B93D097_1001_0">P5Y</mfc:SpreadPeriodToGradeToLongtermAverage>
  <mfc:IncreaseDecreaseInEquityMarketValuesNetIncomeImpact contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x2999270_2939160x2999269" decimals="-6" id="id_12895287_D6DF0205-DE24-4B93-88DE-BCB0F23B488E_3001_1" unitRef="iso4217_CAD">-1000000000</mfc:IncreaseDecreaseInEquityMarketValuesNetIncomeImpact>
  <mfc:IncreaseDecreaseInEquityMarketValuesNetIncomeImpact contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x2999270_2939160x2999271" decimals="-6" id="id_12895287_D6DF0205-DE24-4B93-88DE-BCB0F23B488E_4001_0" unitRef="iso4217_CAD">1000000000</mfc:IncreaseDecreaseInEquityMarketValuesNetIncomeImpact>
  <mfc:SegregatedFundsCompositionPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x3007714_2938920x2935626" decimals="INF" id="id_12895287_C4DB29AD-ADF7-49D4-8010-6387F33567C6_4001_2" unitRef="pure">0.22</mfc:SegregatedFundsCompositionPercentage>
  <mfc:SegregatedFundsCompositionPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x3007714_2938920x2939141" decimals="INF" id="id_12895287_C4DB29AD-ADF7-49D4-8010-6387F33567C6_4002_2" unitRef="pure">0.29</mfc:SegregatedFundsCompositionPercentage>
  <mfc:DisclosureOfPotentialImpactOnNetIncomeAttributedToShareholdersArisingFromChangesToSpreadsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935144x3030928" id="id_12895287_307CB635-C60A-46E5-9638-9D00AF504377_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following tables show the
 potential impact on net income attributed to shareholders resulting
 from a change in corporate spreads and swap spreads over government
 bond rates for all maturities across all markets with a floor of
 zero on the total interest rate, relative to the spreads assumed in
 the valuation of policy liabilities.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&lt;font color="#1F320C"&gt;&lt;b&gt;Potential
 impact on net income attributed to shareholders arising from
 changes to corporate spreads and swap
 spreads&lt;/b&gt;&lt;/font&gt;&lt;font style="FONT-SIZE: 6pt; FONT-FAMILY: ARIAL" color="#1F320C"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1),(2),(3),(4)&lt;/sup&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%"&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="87%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;br /&gt;
 ($ millions)&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Corporate spreads&lt;/b&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5),(6)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Increase 50 basis points&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;&amp;#xA0;1,000&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;700&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Decrease 50 basis points&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;&lt;b&gt;(1,000&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(800&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Swap spreads&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Increase 20 basis points&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&lt;b&gt;(400&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(500&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Decrease 20 basis points&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&lt;b&gt;400&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;500&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;See &amp;#x201C;Caution Related to
 Sensitivities&amp;#x201D; above.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The sensitivities as at
 December&amp;#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&amp;#xA0;1, 2018 and the decision to change
 the portfolio asset mix of our North American legacy businesses
 over the next 12-18 months.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The impact on net income attributed
 to shareholders assumes no gains or losses are realized on our AFS
 fixed income assets held in the surplus segment and excludes the
 impact of changes in segregated fund bond values due to changes in
 credit spreads. The participating policy funds are largely
 self-supporting and generate no material impact on net income
 attributed to shareholders as a result of changes in corporate and
 swap spreads.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Sensitivities are based on projected
 asset and liability cash flows.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Corporate spreads are assumed to
 grade to the long-term average over five years.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" width="1%" align="right"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(6)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="FONT-SIZE: 8pt" valign="top" width="1%"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;As the sensitivity to a 50 basis
 point decline in corporate spreads includes the impact of a change
 in deterministic reinvestment scenarios where applicable, the
 impact of changes to corporate spreads for less than, or more than,
 the amounts indicated are unlikely to be linear.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;
 &lt;/div&gt;</mfc:DisclosureOfPotentialImpactOnNetIncomeAttributedToShareholdersArisingFromChangesToSpreadsExplanatory>
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  <ifrs-full:InvestmentIncome contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997600" decimals="-6" id="id_12895287_4D6CE49C-2A60-4B9E-AA3E-8FBCB364B037_22004_28" unitRef="iso4217_CAD">2810000000</ifrs-full:InvestmentIncome>
  <mfc:InvestmentIncomeYields contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997600" decimals="3" id="id_12895287_B6E9C7E2-8D6E-4CCD-B878-050E6B869699_1013_1600001" unitRef="pure">0.009</mfc:InvestmentIncomeYields>
  <ifrs-full:InvestmentIncome contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997600_2935650x2936650" decimals="-6" id="id_12895287_4D6CE49C-2A60-4B9E-AA3E-8FBCB364B037_22002_28" unitRef="iso4217_CAD">79000000</ifrs-full:InvestmentIncome>
  <ifrs-full:InvestmentIncome contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997600_2935650x2937438" decimals="-6" id="id_12895287_4D6CE49C-2A60-4B9E-AA3E-8FBCB364B037_22001_28" unitRef="iso4217_CAD">524000000</ifrs-full:InvestmentIncome>
  <ifrs-full:InvestmentIncome contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997600_2935650x2997873" decimals="-6" id="id_12895287_4D6CE49C-2A60-4B9E-AA3E-8FBCB364B037_22003_28" unitRef="iso4217_CAD">2207000000</ifrs-full:InvestmentIncome>
  <mfc:DebtInstrumentRedemptionDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997705" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1006_2">2019-12-31</mfc:DebtInstrumentRedemptionDate>
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  <mfc:DebtSecuritiesIssuanceDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997705" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1006_1">2009-07-10</mfc:DebtSecuritiesIssuanceDate>
  <mfc:DebtInstrumentRedemptionDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997708" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1011_2">2022-11-22</mfc:DebtInstrumentRedemptionDate>
  <mfc:DebtSecuritiesMaturityDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997708" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1011_3">2027-11-22</mfc:DebtSecuritiesMaturityDate>
  <mfc:DebtSecuritiesIssuanceDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997708" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1011_1">2015-11-20</mfc:DebtSecuritiesIssuanceDate>
  <mfc:DebtInstrumentRedemptionDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997710" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1010_2">2021-05-25</mfc:DebtInstrumentRedemptionDate>
  <mfc:DebtSecuritiesMaturityDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997710" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1010_3">2026-05-25</mfc:DebtSecuritiesMaturityDate>
  <mfc:DebtSecuritiesIssuanceDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997710" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1010_1">2016-05-25</mfc:DebtSecuritiesIssuanceDate>
  <mfc:DebtInstrumentRedemptionDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997712" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1009_2">2021-01-05</mfc:DebtInstrumentRedemptionDate>
  <mfc:DebtSecuritiesMaturityDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997712" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1009_3">2026-01-05</mfc:DebtSecuritiesMaturityDate>
  <mfc:DebtSecuritiesIssuanceDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997712" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1009_1">2015-06-01</mfc:DebtSecuritiesIssuanceDate>
  <mfc:DebtInstrumentRedemptionDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997713" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1008_2">2020-06-01</mfc:DebtInstrumentRedemptionDate>
  <mfc:DebtSecuritiesMaturityDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997713" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1008_3">2025-06-01</mfc:DebtSecuritiesMaturityDate>
  <mfc:DebtSecuritiesIssuanceDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997713" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1008_1">2015-03-10</mfc:DebtSecuritiesIssuanceDate>
  <mfc:DebtInstrumentRedemptionDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997715" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1007_2">2020-01-15</mfc:DebtInstrumentRedemptionDate>
  <mfc:DebtSecuritiesMaturityDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997715" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1007_3">2025-01-15</mfc:DebtSecuritiesMaturityDate>
  <mfc:DebtSecuritiesIssuanceDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997715" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1007_1">2014-12-01</mfc:DebtSecuritiesIssuanceDate>
  <mfc:DebtInstrumentRedemptionDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997716" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1005_2">2019-02-21</mfc:DebtInstrumentRedemptionDate>
  <mfc:DebtSecuritiesMaturityDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997716" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1005_3">2024-02-21</mfc:DebtSecuritiesMaturityDate>
  <mfc:DebtSecuritiesIssuanceDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997716" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1005_1">2014-02-21</mfc:DebtSecuritiesIssuanceDate>
  <mfc:DebtSecuritiesMaturityDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997717" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1015_3">2024-02-15</mfc:DebtSecuritiesMaturityDate>
  <mfc:DebtSecuritiesIssuanceDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997717" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1015_1">1994-02-25</mfc:DebtSecuritiesIssuanceDate>
  <mfc:DebtInstrumentRedemptionDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997718" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1004_2">2018-11-29</mfc:DebtInstrumentRedemptionDate>
  <mfc:DebtSecuritiesMaturityDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997718" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1004_3">2023-11-29</mfc:DebtSecuritiesMaturityDate>
  <mfc:DebtSecuritiesIssuanceDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997718" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1004_1">2013-11-29</mfc:DebtSecuritiesIssuanceDate>
  <mfc:DebtInstrumentRedemptionDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997719" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1003_2">2018-02-26</mfc:DebtInstrumentRedemptionDate>
  <mfc:DebtSecuritiesMaturityDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997719" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1003_3">2023-02-26</mfc:DebtSecuritiesMaturityDate>
  <mfc:DebtSecuritiesIssuanceDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997719" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1003_1">2013-02-25</mfc:DebtSecuritiesIssuanceDate>
  <mfc:DebtInstrumentRedemptionDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997720" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1002_2">2017-09-21</mfc:DebtInstrumentRedemptionDate>
  <mfc:DebtSecuritiesMaturityDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997720" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1002_3">2022-09-21</mfc:DebtSecuritiesMaturityDate>
  <mfc:DebtSecuritiesIssuanceDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997720" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1002_1">2012-09-21</mfc:DebtSecuritiesIssuanceDate>
  <mfc:DebtInstrumentRedemptionDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997721" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1001_2">2017-06-01</mfc:DebtInstrumentRedemptionDate>
  <mfc:DebtSecuritiesMaturityDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997721" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1001_3">2022-06-01</mfc:DebtSecuritiesMaturityDate>
  <mfc:DebtSecuritiesIssuanceDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997721" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1001_1">2012-02-17</mfc:DebtSecuritiesIssuanceDate>
  <ifrs-full:DecreaseThroughWriteoffFinancialAssets contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997775" decimals="-6" id="id_12895287_AE72A1F5-A798-4E7C-82A2-75D8C3A695FE_2_4" unitRef="iso4217_CAD">-12000000</ifrs-full:DecreaseThroughWriteoffFinancialAssets>
  <ifrs-full:ReversalAllowanceAccountForCreditLossesOfFinancialAssets contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997775" decimals="-6" id="id_12895287_AE72A1F5-A798-4E7C-82A2-75D8C3A695FE_2_3" unitRef="iso4217_CAD">1000000</ifrs-full:ReversalAllowanceAccountForCreditLossesOfFinancialAssets>
  <mfc:ProvisionsAllowanceAccountForCreditLossesOfFinancialAssets contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997775" decimals="-6" id="id_12895287_AE72A1F5-A798-4E7C-82A2-75D8C3A695FE_2_2" unitRef="iso4217_CAD">33000000</mfc:ProvisionsAllowanceAccountForCreditLossesOfFinancialAssets>
  <ifrs-full:InvestmentIncome contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997873" decimals="-6" id="id_12895287_4D6CE49C-2A60-4B9E-AA3E-8FBCB364B037_23004_30" unitRef="iso4217_CAD">332000000</ifrs-full:InvestmentIncome>
  <mfc:InvestmentIncomeYields contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997873" decimals="3" id="id_12895287_B6E9C7E2-8D6E-4CCD-B878-050E6B869699_1015_1800001" unitRef="pure">0.001</mfc:InvestmentIncomeYields>
  <ifrs-full:InvestmentIncome contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997873_2935650x2936650" decimals="-6" id="id_12895287_4D6CE49C-2A60-4B9E-AA3E-8FBCB364B037_23002_30" unitRef="iso4217_CAD">-51000000</ifrs-full:InvestmentIncome>
  <ifrs-full:InvestmentIncome contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997873_2935650x2937438" decimals="-6" id="id_12895287_4D6CE49C-2A60-4B9E-AA3E-8FBCB364B037_23001_30" unitRef="iso4217_CAD">460000000</ifrs-full:InvestmentIncome>
  <ifrs-full:InvestmentIncome contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2997873_2935650x2997873" decimals="-6" id="id_12895287_4D6CE49C-2A60-4B9E-AA3E-8FBCB364B037_23003_30" unitRef="iso4217_CAD">-77000000</ifrs-full:InvestmentIncome>
  <ifrs-full:TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2998175" decimals="-6" id="id_12895287_E8473FF7-B771-48EF-BA99-D594168B5C73_1001_1" unitRef="iso4217_CAD">5000000</ifrs-full:TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets>
  <ifrs-full:TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2998175" decimals="INF" id="id_12895287_E8473FF7-B771-48EF-BA99-D594168B5C73_1001_0" unitRef="iso4217_CAD">0</ifrs-full:TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets>
  <mfc:IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2998175_2935541x2997555_2937968x2933169" decimals="-6" id="id_12895287_FB2555F7-33B6-48F2-8E82-F6FADF696DA5_1001_0" unitRef="iso4217_CAD">242000000</mfc:IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax>
  <mfc:DisclosureOfResidentialMortgagesAndLoanToBankClientsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x2999028" id="id_12895287_E3C71CA0-6F4D-4233-BE7B-E45B3E2932EB_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The following table presents the
 carrying value of residential mortgages and loans to Bank
 clients.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="54%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="12"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="12"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10" align="center"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="10" align="center"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Insured&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Uninsured&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;Insured&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;Uninsured&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;Total&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Residential mortgages&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Performing&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;7,256&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;11,310&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;18,566&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;7,574&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,050&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;17,624&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 &lt;font style="WHITE-SPACE: nowrap"&gt;Non-performing&lt;/font&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;4&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;9&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;13&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;6&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;19&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Loans to Bank clients&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 Performing&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;n/a&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,734&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,734&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;n/a&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,743&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,743&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em"&gt;
 &lt;font style="WHITE-SPACE: nowrap"&gt;Non-performing&lt;/font&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;n/a&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;n/a&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7,260&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;13,056&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;20,316&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;7,580&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;11,808&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;19,388&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;&lt;font style="WHITE-SPACE: nowrap"&gt;Non-performing&lt;/font&gt; refers to assets that
 are 90 days or more past due if uninsured and 365 days or more if
 insured.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</mfc:DisclosureOfResidentialMortgagesAndLoanToBankClientsExplanatory>
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  <mfc:DebtSecuritiesIssuanceDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935146x3031714" id="id_12895287_0D89C272-EC32-4A4E-BA28-ADB3C41EE25E_1013_1">2017-11-21</mfc:DebtSecuritiesIssuanceDate>
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  <ifrs-full:CashFlowsFromUsedInFinancingActivities contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935158x2980747" decimals="-6" id="id_12895287_9BCC1649-409D-4EEF-A30D-110FB7581DB0_1_44" unitRef="iso4217_CAD">-71000000</ifrs-full:CashFlowsFromUsedInFinancingActivities>
  <ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935158x2980747" decimals="-6" id="id_12895287_9BCC1649-409D-4EEF-A30D-110FB7581DB0_1_46" unitRef="iso4217_CAD">-2000000</ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents>
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  <ifrs-full:DividendsReceivedClassifiedAsOperatingActivities contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935158x2980747" decimals="-6" id="id_12895287_9BCC1649-409D-4EEF-A30D-110FB7581DB0_1_13" unitRef="iso4217_CAD">2700000000</ifrs-full:DividendsReceivedClassifiedAsOperatingActivities>
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  <ifrs-full:ProfitLossAttributableToOwnersOfParent contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935158x2980747" decimals="-6" id="id_12895287_74A9FEBF-4FF1-4620-83DA-EE8C324DE1DC_1_18" unitRef="iso4217_CAD">2104000000</ifrs-full:ProfitLossAttributableToOwnersOfParent>
  <ifrs-full:OtherExpenseByFunction contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935158x2980747" decimals="-6" id="id_12895287_74A9FEBF-4FF1-4620-83DA-EE8C324DE1DC_1_8" unitRef="iso4217_CAD">404000000</ifrs-full:OtherExpenseByFunction>
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  <ifrs-full:ProfitLossBeforeTax contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935158x2980747" decimals="-6" id="id_12895287_74A9FEBF-4FF1-4620-83DA-EE8C324DE1DC_1_10" unitRef="iso4217_CAD">-233000000</ifrs-full:ProfitLossBeforeTax>
  <ifrs-full:RepaymentsOfNoncurrentBorrowings contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935158x2980747" decimals="-6" id="id_12895287_9BCC1649-409D-4EEF-A30D-110FB7581DB0_1_30" unitRef="iso4217_CAD">600000000</ifrs-full:RepaymentsOfNoncurrentBorrowings>
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  <mfc:ChangesInPolicyRelatedAndOperatingReceivablesAndPayables contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935158x2980747" decimals="-6" id="id_12895287_9BCC1649-409D-4EEF-A30D-110FB7581DB0_1_14" unitRef="iso4217_CAD">45000000</mfc:ChangesInPolicyRelatedAndOperatingReceivablesAndPayables>
  <mfc:InterestReceived contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935158x2980747" decimals="-6" id="id_12895287_9BCC1649-409D-4EEF-A30D-110FB7581DB0_1_58" unitRef="iso4217_CAD">273000000</mfc:InterestReceived>
  <mfc:InterestPaid1 contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935158x2980747" decimals="-6" id="id_12895287_9BCC1649-409D-4EEF-A30D-110FB7581DB0_1_59" unitRef="iso4217_CAD">392000000</mfc:InterestPaid1>
  <mfc:NotesReceivableFromSubsidiariesNet contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935158x2980747" decimals="-6" id="id_12895287_9BCC1649-409D-4EEF-A30D-110FB7581DB0_1_26" unitRef="iso4217_CAD">-16000000</mfc:NotesReceivableFromSubsidiariesNet>
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  <mfc:CommissionsInvestmentAndGeneralExpenses contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935158x2980747" decimals="-6" id="id_12895287_74A9FEBF-4FF1-4620-83DA-EE8C324DE1DC_1_7" unitRef="iso4217_CAD">11000000</mfc:CommissionsInvestmentAndGeneralExpenses>
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  <mfc:NotesReceivableFromParentNet contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935158x3012207" decimals="-6" id="id_12895287_9BCC1649-409D-4EEF-A30D-110FB7581DB0_3_25" unitRef="iso4217_CAD">24000000</mfc:NotesReceivableFromParentNet>
  <mfc:NotesPayableToSubsidiariesNet contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935158x3012207" decimals="-6" id="id_12895287_9BCC1649-409D-4EEF-A30D-110FB7581DB0_3_43" unitRef="iso4217_CAD">368000000</mfc:NotesPayableToSubsidiariesNet>
  <mfc:CommissionsInvestmentAndGeneralExpenses contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935158x3012207" decimals="-6" id="id_12895287_74A9FEBF-4FF1-4620-83DA-EE8C324DE1DC_3_7" unitRef="iso4217_CAD">13900000000</mfc:CommissionsInvestmentAndGeneralExpenses>
  <mfc:AdjustmentsForNetRealizedAndUnrealizedGainsLossesAndImpairmentsOnAssets contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935158x3012207" decimals="-6" id="id_12895287_9BCC1649-409D-4EEF-A30D-110FB7581DB0_3_9" unitRef="iso4217_CAD">-4572000000</mfc:AdjustmentsForNetRealizedAndUnrealizedGainsLossesAndImpairmentsOnAssets>
  <mfc:ProceedsFromDisposalsAndRepayments contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935158x3012207" decimals="-6" id="id_12895287_9BCC1649-409D-4EEF-A30D-110FB7581DB0_3_18" unitRef="iso4217_CAD">43768000000</mfc:ProceedsFromDisposalsAndRepayments>
  <mfc:ContractBenefitsAndExpensesToContractHoldersAndBeneficiaries contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935158x3012207" decimals="-6" id="id_12895287_74A9FEBF-4FF1-4620-83DA-EE8C324DE1DC_3_9" unitRef="iso4217_CAD">34994000000</mfc:ContractBenefitsAndExpensesToContractHoldersAndBeneficiaries>
  <mfc:ProfitLossAfterTaxBeforeEquityInNetIncomeLossOfUnconsolidatedSubsidiaries contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935158x3012207" decimals="-6" id="id_12895287_74A9FEBF-4FF1-4620-83DA-EE8C324DE1DC_3_12" unitRef="iso4217_CAD">3560000000</mfc:ProfitLossAfterTaxBeforeEquityInNetIncomeLossOfUnconsolidatedSubsidiaries>
  <mfc:IncreaseDecreaseInInuranceContractLiabilities contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935158x3012207" decimals="-6" id="id_12895287_9BCC1649-409D-4EEF-A30D-110FB7581DB0_3_4" unitRef="iso4217_CAD">3146000000</mfc:IncreaseDecreaseInInuranceContractLiabilities>
  <mfc:PercentageOfChangesInMarketValuesOfPubliclyTradedEquities contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935321x2999256" decimals="2" id="id_12895287_66358477-A9EC-44D1-AB6D-B666337D3B0D_1_0" unitRef="pure">0.10</mfc:PercentageOfChangesInMarketValuesOfPubliclyTradedEquities>
  <mfc:PotentialImpactToMccsrRatioResultingFromChangesInPublicEquityMarketValues contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935321x2999256" decimals="2" id="id_12895287_54067743-63CA-491B-85B1-0A7158E54056_3004_1" unitRef="pure">0.03</mfc:PotentialImpactToMccsrRatioResultingFromChangesInPublicEquityMarketValues>
  <mfc:PotentialImpactToMccsrRatioResultingFromChangesInPublicEquityMarketValues contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935321x2999257" decimals="2" id="id_12895287_54067743-63CA-491B-85B1-0A7158E54056_3002_1" unitRef="pure">-0.08</mfc:PotentialImpactToMccsrRatioResultingFromChangesInPublicEquityMarketValues>
  <mfc:PercentageOfChangesInMarketValuesOfPubliclyTradedEquities contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935321x2999258" decimals="2" id="id_12895287_66358477-A9EC-44D1-AB6D-B666337D3B0D_2_0" unitRef="pure">0.20</mfc:PercentageOfChangesInMarketValuesOfPubliclyTradedEquities>
  <mfc:PotentialImpactToMccsrRatioResultingFromChangesInPublicEquityMarketValues contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935321x2999258" decimals="2" id="id_12895287_54067743-63CA-491B-85B1-0A7158E54056_3005_1" unitRef="pure">0.11</mfc:PotentialImpactToMccsrRatioResultingFromChangesInPublicEquityMarketValues>
  <mfc:PotentialImpactToMccsrRatioResultingFromChangesInPublicEquityMarketValues contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935321x2999259" decimals="2" id="id_12895287_54067743-63CA-491B-85B1-0A7158E54056_3003_1" unitRef="pure">-0.04</mfc:PotentialImpactToMccsrRatioResultingFromChangesInPublicEquityMarketValues>
  <mfc:PotentialImpactToMccsrRatioResultingFromChangesInPublicEquityMarketValues contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935321x2999261" decimals="2" id="id_12895287_54067743-63CA-491B-85B1-0A7158E54056_3001_1" unitRef="pure">-0.14</mfc:PotentialImpactToMccsrRatioResultingFromChangesInPublicEquityMarketValues>
  <mfc:PercentageOfChangesInMarketValuesOfPubliclyTradedEquities contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935321x2999262" decimals="2" id="id_12895287_66358477-A9EC-44D1-AB6D-B666337D3B0D_3_0" unitRef="pure">0.30</mfc:PercentageOfChangesInMarketValuesOfPubliclyTradedEquities>
  <mfc:PotentialImpactToMccsrRatioResultingFromChangesInPublicEquityMarketValues contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935321x2999262" decimals="2" id="id_12895287_54067743-63CA-491B-85B1-0A7158E54056_3006_1" unitRef="pure">0.14</mfc:PotentialImpactToMccsrRatioResultingFromChangesInPublicEquityMarketValues>
  <ifrs-full:DisclosureOfClassesOfShareCapitalExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2938309" id="id_12895287_B6CF7BB2-3E2F-4EBF-A2DD-776C14214256_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The changes in issued and
 outstanding preferred shares are as follows.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="62%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="8"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="8"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6" align="center"&gt;2016&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Number&amp;#xA0;of&lt;br /&gt;
 shares&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(in&amp;#xA0;millions)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Amount&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Number&amp;#xA0;of&lt;br /&gt;
 shares&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(in&amp;#xA0;millions)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Amount&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Balance, January&amp;#xA0;1&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;146&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;&amp;#xA0;&amp;#xA0;3,577&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;110&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;2,693&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Issued, Class&amp;#xA0;1 shares, Series 21&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;17&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;425&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Converted, Class&amp;#xA0;1 shares, Series 3&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(42&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Issued, Class&amp;#xA0;1 shares, Series 4&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;2&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;42&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Issued, Class&amp;#xA0;1 shares, Series 23&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;19&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;475&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Issuance costs, net of tax&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;(16&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Balance, December&amp;#xA0;31&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;146&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;3,577&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;146&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;3,577&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfClassesOfShareCapitalExplanatory>
  <ifrs-full:ShareIssueRelatedCost contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2938309" decimals="-6" id="id_12895287_D9F15C76-C6DA-4E3A-BD97-C499CCC91FD3_1001_5" unitRef="iso4217_CAD">0</ifrs-full:ShareIssueRelatedCost>
  <ifrs-full:DisclosureOfClassesOfShareCapitalExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2938526" id="id_12895287_EE5E7205-5CD6-45BA-A720-3B1849628FAD_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;The changes in common shares
 issued and outstanding are as follows.&lt;/font&gt;&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="61%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="5%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="8"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="8"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6" align="center"&gt;2016&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the years ended
 December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Number&amp;#xA0;of&lt;br /&gt;
 shares&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(in&amp;#xA0;millions)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Amount&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" colspan="2"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;Number&amp;#xA0;of&lt;br /&gt;
 shares&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"&gt;(in&amp;#xA0;millions)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;Amount&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Balance, January&amp;#xA0;1&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,975&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;22,865&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,972&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;22,799&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Issued on exercise of stock options and deferred share units&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;7&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;124&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;3&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"&gt;66&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Total&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;1,982&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;22,989&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;1,975&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;22,865&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfClassesOfShareCapitalExplanatory>
  <ifrs-full:IncreaseDecreaseThroughExerciseOfOptions contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2938526" decimals="-6" id="id_12895287_321A69C6-AC76-4723-89BD-004CDFC95BAC_1001_1" unitRef="iso4217_CAD">124000000</ifrs-full:IncreaseDecreaseThroughExerciseOfOptions>
  <mfc:NumberOfSharesIssuedOnExerciseOfStockOptionsAndDeferredShareUnits contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2938526" decimals="-6" id="id_12895287_1CAFAA65-04FB-41EE-9B8D-7FAE574C85C6_1001_1" unitRef="shares">7000000</mfc:NumberOfSharesIssuedOnExerciseOfStockOptionsAndDeferredShareUnits>
  <ifrs-full:IssueOfEquity contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997567" decimals="-6" id="id_12895287_D9F15C76-C6DA-4E3A-BD97-C499CCC91FD3_2001_4" unitRef="iso4217_CAD">0</ifrs-full:IssueOfEquity>
  <ifrs-full:IncreaseDecreaseInNumberOfSharesOutstanding contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997567" decimals="-6" id="id_12895287_0FEEAECF-11E8-407E-BF82-BF76C8DC884B_1001_4" unitRef="shares">0</ifrs-full:IncreaseDecreaseInNumberOfSharesOutstanding>
  <mfc:PreferenceSharesEarliestRedemptionDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997567" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_2016_3">2022-03-19</mfc:PreferenceSharesEarliestRedemptionDate>
  <mfc:PreferredSharesIssueDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997567" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_2016_1">2016-11-22</mfc:PreferredSharesIssueDate>
  <mfc:PreferenceSharesAnnualDividendPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997567" decimals="5" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_16_2" unitRef="pure">0.04850</mfc:PreferenceSharesAnnualDividendPercentage>
  <mfc:PreferredSharesSpecifiedYieldPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997567" decimals="4" id="id_12895287_8BF13556-757A-44B8-BECE-B8E8B45A8323_1001_11" unitRef="pure">0.0383</mfc:PreferredSharesSpecifiedYieldPercentage>
  <mfc:PreferenceSharesEarliestRedemptionDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997568" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_2010_3">2018-03-19</mfc:PreferenceSharesEarliestRedemptionDate>
  <mfc:PreferredSharesIssueDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997568" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_2010_1">2012-12-04</mfc:PreferredSharesIssueDate>
  <mfc:PreferenceSharesAnnualDividendPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997568" decimals="5" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_10_2" unitRef="pure">0.04000</mfc:PreferenceSharesAnnualDividendPercentage>
  <mfc:PreferredSharesSpecifiedYieldPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997568" decimals="4" id="id_12895287_8BF13556-757A-44B8-BECE-B8E8B45A8323_2001_5" unitRef="pure">0.0261</mfc:PreferredSharesSpecifiedYieldPercentage>
  <mfc:PreferenceSharesEarliestRedemptionDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997569" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_2011_3">2018-09-19</mfc:PreferenceSharesEarliestRedemptionDate>
  <mfc:PreferredSharesIssueDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997569" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_2011_1">2013-06-21</mfc:PreferredSharesIssueDate>
  <mfc:PreferenceSharesAnnualDividendPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997569" decimals="5" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_11_2" unitRef="pure">0.03800</mfc:PreferenceSharesAnnualDividendPercentage>
  <mfc:PreferredSharesSpecifiedYieldPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997569" decimals="4" id="id_12895287_8BF13556-757A-44B8-BECE-B8E8B45A8323_3001_6" unitRef="pure">0.0222</mfc:PreferredSharesSpecifiedYieldPercentage>
  <mfc:PreferenceSharesEarliestRedemptionDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997570" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_2014_3">2020-03-19</mfc:PreferenceSharesEarliestRedemptionDate>
  <mfc:PreferredSharesIssueDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997570" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_2014_1">2014-12-03</mfc:PreferredSharesIssueDate>
  <mfc:PreferenceSharesAnnualDividendPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997570" decimals="5" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_14_2" unitRef="pure">0.03800</mfc:PreferenceSharesAnnualDividendPercentage>
  <mfc:PreferredSharesSpecifiedYieldPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997570" decimals="4" id="id_12895287_8BF13556-757A-44B8-BECE-B8E8B45A8323_4001_9" unitRef="pure">0.0230</mfc:PreferredSharesSpecifiedYieldPercentage>
  <ifrs-full:IssueOfEquity contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997571" decimals="-6" id="id_12895287_D9F15C76-C6DA-4E3A-BD97-C499CCC91FD3_3001_1" unitRef="iso4217_CAD">0</ifrs-full:IssueOfEquity>
  <ifrs-full:IncreaseDecreaseInNumberOfSharesOutstanding contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997571" decimals="-6" id="id_12895287_0FEEAECF-11E8-407E-BF82-BF76C8DC884B_2001_1" unitRef="shares">0</ifrs-full:IncreaseDecreaseInNumberOfSharesOutstanding>
  <mfc:PreferenceSharesEarliestRedemptionDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997571" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_2015_3">2021-06-19</mfc:PreferenceSharesEarliestRedemptionDate>
  <mfc:PreferredSharesIssueDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997571" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_2015_1">2016-02-25</mfc:PreferredSharesIssueDate>
  <mfc:PreferenceSharesAnnualDividendPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997571" decimals="5" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_15_2" unitRef="pure">0.05600</mfc:PreferenceSharesAnnualDividendPercentage>
  <mfc:PreferredSharesSpecifiedYieldPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997571" decimals="4" id="id_12895287_8BF13556-757A-44B8-BECE-B8E8B45A8323_5001_10" unitRef="pure">0.0497</mfc:PreferredSharesSpecifiedYieldPercentage>
  <mfc:PreferenceSharesEarliestRedemptionDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997572" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_2012_3">2019-06-19</mfc:PreferenceSharesEarliestRedemptionDate>
  <mfc:PreferredSharesIssueDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997572" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_2012_1">2014-02-25</mfc:PreferredSharesIssueDate>
  <mfc:PreferenceSharesAnnualDividendPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997572" decimals="5" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_12_2" unitRef="pure">0.03900</mfc:PreferenceSharesAnnualDividendPercentage>
  <mfc:PreferredSharesSpecifiedYieldPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997572" decimals="4" id="id_12895287_8BF13556-757A-44B8-BECE-B8E8B45A8323_6001_7" unitRef="pure">0.0216</mfc:PreferredSharesSpecifiedYieldPercentage>
  <mfc:PreferenceSharesEarliestRedemptionDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997573" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_2013_3">2019-12-19</mfc:PreferenceSharesEarliestRedemptionDate>
  <mfc:PreferredSharesIssueDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997573" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_2013_1">2014-08-15</mfc:PreferredSharesIssueDate>
  <mfc:PreferenceSharesAnnualDividendPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997573" decimals="5" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_13_2" unitRef="pure">0.03900</mfc:PreferenceSharesAnnualDividendPercentage>
  <mfc:PreferredSharesSpecifiedYieldPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997573" decimals="4" id="id_12895287_8BF13556-757A-44B8-BECE-B8E8B45A8323_7001_8" unitRef="pure">0.0236</mfc:PreferredSharesSpecifiedYieldPercentage>
  <mfc:PreferenceSharesEarliestRedemptionDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997576" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_2008_3">2022-03-19</mfc:PreferenceSharesEarliestRedemptionDate>
  <mfc:PreferredSharesIssueDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997576" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_2008_1">2012-02-22</mfc:PreferredSharesIssueDate>
  <mfc:PreferenceSharesAnnualDividendPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997576" decimals="5" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_8_2" unitRef="pure">0.04312</mfc:PreferenceSharesAnnualDividendPercentage>
  <mfc:PreferredSharesSpecifiedYieldPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997576" decimals="4" id="id_12895287_8BF13556-757A-44B8-BECE-B8E8B45A8323_8001_3" unitRef="pure">0.0313</mfc:PreferredSharesSpecifiedYieldPercentage>
  <mfc:PreferenceSharesEarliestRedemptionDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997577" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_2009_3">2022-09-19</mfc:PreferenceSharesEarliestRedemptionDate>
  <mfc:PreferredSharesIssueDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997577" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_2009_1">2012-05-24</mfc:PreferredSharesIssueDate>
  <mfc:PreferenceSharesAnnualDividendPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997577" decimals="5" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_9_2" unitRef="pure">0.04351</mfc:PreferenceSharesAnnualDividendPercentage>
  <mfc:PreferredSharesSpecifiedYieldPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997577" decimals="4" id="id_12895287_8BF13556-757A-44B8-BECE-B8E8B45A8323_9001_4" unitRef="pure">0.0286</mfc:PreferredSharesSpecifiedYieldPercentage>
  <ifrs-full:IssueOfEquity contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997602" decimals="-6" id="id_12895287_D9F15C76-C6DA-4E3A-BD97-C499CCC91FD3_4001_3" unitRef="iso4217_CAD">0</ifrs-full:IssueOfEquity>
  <ifrs-full:IncreaseDecreaseInNumberOfSharesOutstanding contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997602" decimals="-6" id="id_12895287_0FEEAECF-11E8-407E-BF82-BF76C8DC884B_3001_3" unitRef="shares">0</ifrs-full:IncreaseDecreaseInNumberOfSharesOutstanding>
  <mfc:PreferredSharesIssueDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997602" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_2006_1">2016-06-20</mfc:PreferredSharesIssueDate>
  <mfc:PreferenceSharesAnnualDividendRate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997602" id="id_12895287_A96123DC-AD2F-434B-8B4E-76248B54B58B_1001_1">Floating</mfc:PreferenceSharesAnnualDividendRate>
  <mfc:BasisSpreadOnDividendYieldVariable contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997602_2938793x2938282" id="id_12895287_0DE4356B-04FC-4DFD-BEBF-55A456E2AF2F_2001_2">Three month Government of Canada Treasury bill yield plus 1.41%.</mfc:BasisSpreadOnDividendYieldVariable>
  <mfc:BasisSpreadOnDividendYieldPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997602_2938793x2938282" decimals="4" id="id_12895287_0DE4356B-04FC-4DFD-BEBF-55A456E2AF2F_2001_1" unitRef="pure">0.0141</mfc:BasisSpreadOnDividendYieldPercentage>
  <mfc:PreferenceSharesEarliestRedemptionDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997603" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_2007_3">2021-12-19</mfc:PreferenceSharesEarliestRedemptionDate>
  <mfc:PreferredSharesIssueDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997603" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_2007_1">2011-12-06</mfc:PreferredSharesIssueDate>
  <mfc:PreferenceSharesAnnualDividendPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997603" decimals="5" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_7_2" unitRef="pure">0.03891</mfc:PreferenceSharesAnnualDividendPercentage>
  <mfc:PreferredSharesSpecifiedYieldPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997603" decimals="4" id="id_12895287_8BF13556-757A-44B8-BECE-B8E8B45A8323_10001_2" unitRef="pure">0.0290</mfc:PreferredSharesSpecifiedYieldPercentage>
  <mfc:PreferredSharesIssueDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997606" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_2002_1">2005-02-18</mfc:PreferredSharesIssueDate>
  <mfc:PreferenceSharesAnnualDividendPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997606" decimals="5" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_2_2" unitRef="pure">0.04650</mfc:PreferenceSharesAnnualDividendPercentage>
  <mfc:PreferredSharesIssueDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997607" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_2003_1">2006-01-03</mfc:PreferredSharesIssueDate>
  <mfc:PreferenceSharesAnnualDividendPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997607" decimals="5" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_3_2" unitRef="pure">0.04500</mfc:PreferenceSharesAnnualDividendPercentage>
  <ifrs-full:IncreaseDecreaseThroughConversionOfConvertibleInstruments contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997609" decimals="-6" id="id_12895287_D9F15C76-C6DA-4E3A-BD97-C499CCC91FD3_5001_2" unitRef="iso4217_CAD">0</ifrs-full:IncreaseDecreaseThroughConversionOfConvertibleInstruments>
  <mfc:NumberOfSharesConverted contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997609" decimals="-6" id="id_12895287_0FEEAECF-11E8-407E-BF82-BF76C8DC884B_4001_2" unitRef="shares">0</mfc:NumberOfSharesConverted>
  <mfc:PreferenceSharesEarliestRedemptionDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997609" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_2005_3">2021-06-19</mfc:PreferenceSharesEarliestRedemptionDate>
  <mfc:PreferredSharesIssueDate contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997609" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_2005_1">2011-03-11</mfc:PreferredSharesIssueDate>
  <mfc:PreferenceSharesAnnualDividendPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997609" decimals="5" id="id_12895287_94664291-0E2D-42AD-BA56-76875B92A88E_5_2" unitRef="pure">0.02178</mfc:PreferenceSharesAnnualDividendPercentage>
  <mfc:PreferredSharesSpecifiedYieldPercentage contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2935448x2997609" decimals="4" id="id_12895287_8BF13556-757A-44B8-BECE-B8E8B45A8323_11001_1" unitRef="pure">0.0141</mfc:PreferredSharesSpecifiedYieldPercentage>
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  <ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938284x2998146_2939330x2998135" decimals="INF" id="id_12895287_7C597B77-1C50-46FB-9B0D-27F7886FD3E9_1001_2" unitRef="pure">0</ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted>
  <ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938284x2998147_2939330x2998135" decimals="INF" id="id_12895287_7C597B77-1C50-46FB-9B0D-27F7886FD3E9_2001_3" unitRef="pure">43000</ifrs-full:NumberOfInstrumentsOtherEquityInstrumentsGranted>
  <mfc:WeightedAverageRemainingContractualLifeOfExercisableShareOptions contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938357x2999024" decimals="2" id="id_12895287_78FAB30C-9573-4209-8F35-CCE66BDB4B16_1001_6" unitRef="pure">3.05</mfc:WeightedAverageRemainingContractualLifeOfExercisableShareOptions>
  <mfc:WeightedAverageRemainingContractualLifeOfExercisableShareOptions contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938357x2999025" decimals="2" id="id_12895287_78FAB30C-9573-4209-8F35-CCE66BDB4B16_1002_6" unitRef="pure">3.77</mfc:WeightedAverageRemainingContractualLifeOfExercisableShareOptions>
  <mfc:WeightedAverageRemainingContractualLifeOfExercisableShareOptions contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938357x2999026" decimals="2" id="id_12895287_78FAB30C-9573-4209-8F35-CCE66BDB4B16_1003_6" unitRef="pure">0.14</mfc:WeightedAverageRemainingContractualLifeOfExercisableShareOptions>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997704" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_11_1">Manulife Asset Management (US) LLC</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997704" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1011_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997704" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1011_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997704" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_11_3">Asset management company  </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997704" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_11_2">Wilmington, Delaware, U.S.A. </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997707" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_12_1">Hancock Natural Resource Group, Inc.</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997707" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1012_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997707" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1012_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997707" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_12_3">Manager of globally diversified timberland and agricultural portfolios </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997707" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_12_2">Boston, Massachusetts, U.S.A.  </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997724" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_1_1">The Manufacturers Life Insurance Company</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997724" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1001_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997724" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1001_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997724" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_1_3">Leading Canadian-based financial services company that offers a diverse range of financial protection products and wealth management services</mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997724" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_1_2">Toronto, Canada     </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997765" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_2_1">Manulife Holdings (Alberta) Limited</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997765" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1002_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997765" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1002_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997765" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_2_3">Holding company</mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997765" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_2_2">Calgary, Canada</mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997769" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_7_1">John Hancock Subsidiaries LLC</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997769" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1007_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997769" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1007_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997769" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_7_3">Holding company  </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997769" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_7_2">Wilmington, Delaware, U.S.A. </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997770" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_8_1">John Hancock Financial Network, Inc.</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997770" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1008_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997770" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1008_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997770" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_8_3">Financial services distribution organization </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997770" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_8_2">Boston, Massachusetts, U.S.A. </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997771" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_9_1">John Hancock Advisers, LLC</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997771" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1009_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997771" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1009_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997771" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_9_3">Investment advisor  </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997771" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_9_2">Boston, Massachusetts, U.S.A. </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997772" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_10_1">John Hancock Funds, LLC</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997772" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1010_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997772" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1010_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997772" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_10_3">Broker-dealer  </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997772" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_10_2">Boston, Massachusetts, U.S.A. </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997773" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_3_1">John Hancock Financial Corporation</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997773" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1003_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997773" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1003_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997773" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_3_3">Holding company </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997773" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_3_2">Wilmington, Delaware, U.S.A.</mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997774" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_4_1">The Manufacturers Investment Corporation</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997774" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1004_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997774" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1004_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997774" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_4_3">Holding company</mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997774" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_4_2">Michigan, U.S.A.</mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997776" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_6_1">John Hancock Life Insurance Company (U.S.A.)</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997776" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1006_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997776" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1006_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997776" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_6_3">U.S. life insurance company licensed in all states, except New York </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997776" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_6_2">Michigan, U.S.A.   </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997777" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_13_1">John Hancock Life Insurance Company of New York</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997777" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1013_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997777" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1013_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997777" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_13_3">U.S. life insurance company licensed in New York</mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997777" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_13_2">New York, U.S.A. </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997778" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_15_1">John Hancock Life &amp; Health Insurance Company</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997778" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1015_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997778" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1015_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997778" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_15_3">U.S. life insurance company licensed in all states</mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997778" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_15_2">Boston, Massachusetts, U.S.A.</mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997779" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_16_1">John Hancock Distributors LLC</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997779" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1016_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997779" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1016_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997779" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_16_3">Broker-dealer  </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997779" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_16_2">Wilmington, Delaware, U.S.A. </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997780" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_17_1">John Hancock Insurance Agency, Inc.</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997780" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1017_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997780" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1017_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997780" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_17_3">Insurance agency  </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997780" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_17_2">Wilmington, Delaware, U.S.A. </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997783" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_33_1">Manulife (Cambodia) PLC</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997783" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1033_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997783" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1033_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997783" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_33_3">Life insurance company</mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997783" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_33_2">Phnom Penh, Cambodia</mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997784" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_34_1">Manufacturers Life Reinsurance Limited</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997784" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1034_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997784" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1034_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997784" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_34_3">Provides life and annuity reinsurance to affiliates </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997784" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_34_2">St. Michael, Barbados  </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997785" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_35_1">Manulife (Vietnam) Limited</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997785" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1035_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997785" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1035_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997785" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_35_3">Life insurance company  </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997785" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_35_2">Ho Chi Minh City, Vietnam </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997786" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_36_1">Manulife Asset Management (Vietnam) pany Limited</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997786" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1036_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997786" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1036_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997786" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_36_3">Fund management company </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997786" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_36_2">Ho Chi Minh City, Vietnam</mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997788" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_27_1">Manulife Property Limited Partnership II</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997788" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1027_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997788" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1027_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997788" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_27_3">Holds oil and gas royalties and foreign bonds and equities </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997788" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_27_2">Toronto, Canada   </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997790" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_29_1">Manulife Securities Investment Services Inc.</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997790" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1029_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997790" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1029_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997790" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_29_3">Mutual fund dealer for Canadian operations</mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997790" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_29_2">Oakville, Canada </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997792" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_30_1">Manulife Holdings (Bermuda) Limited</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997792" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1030_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997792" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1030_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997792" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_30_3">Holding company</mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997792" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_30_2">Hamilton, Bermuda</mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997794" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_31_1">Manufacturers P &amp; C Limited</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997794" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1031_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997794" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1031_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997794" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_31_3">Provides property and casualty reinsurance </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997794" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_31_2">St. Michael, Barbados  </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997795" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_26_1">Manulife Property Limited Partnership</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997795" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1026_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997795" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1026_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997795" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_26_3">Holds oil and gas royalties</mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997795" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_26_2">Toronto, Canada</mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997796" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_14_1">John Hancock Investment Management Services, LLC</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997796" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1014_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997796" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1014_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997796" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_14_3">Investment advisor </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997796" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_14_2">Boston, Massachusetts, U.S.A.</mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997798" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_28_1">Manulife Western Holdings Limited Partnership</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997798" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1028_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997798" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1028_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997798" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_28_3">Holds oil and gas properties</mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997798" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_28_2">Calgary, Canada </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997801" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_18_1">Manulife Reinsurance Limited</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997801" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1018_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997801" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1018_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997801" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_18_3">Provides life and financial reinsurance to affiliates </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997801" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_18_2">Hamilton, Bermuda  </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997802" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_19_1">Manulife Reinsurance (Bermuda) Limited</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997802" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1019_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997802" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1019_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997802" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_19_3">Provides life and annuity reinsurance to affiliates </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997802" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_19_2">Hamilton, Bermuda  </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997803" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_20_1">Manulife Bank of Canada</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997803" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1020_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997803" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1020_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997803" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_20_3">Provides integrated banking products and service options not available from an insurance company </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997803" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_20_2">Waterloo, Canada    </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997804" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_21_1">Manulife Asset Management Holdings (Canada) Inc.</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997804" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1021_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997804" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1021_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997804" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_21_3">Holding company </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997804" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_21_2">Toronto, Canada </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997805" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_22_1">Manulife Asset Management Limited</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997805" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1022_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997805" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1022_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997805" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_22_3">Provides investment counseling, portfolio and mutual fund management in Canada </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997805" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_22_2">Toronto, Canada    </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997806" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_23_1">First North American Insurance Company</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997806" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1023_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997806" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1023_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997806" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_23_3">Property and casualty insurance company </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997806" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_23_2">Toronto, Canada  </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997807" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_24_1">NAL Resources Management Limited</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997807" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1024_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997807" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1024_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997807" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_24_3">Management company for oil and gas properties </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997807" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_24_2">Calgary, Canada  </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997808" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_25_1">Manulife Resources Limited</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997808" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1025_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997808" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1025_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997808" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_25_3">Holds oil and gas properties </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997808" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_25_2">Calgary, Canada  </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997809" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_44_1">Manulife Asset Management (Japan) ited</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997809" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1044_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997809" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1044_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997809" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_44_3">Investment management and advisory company and mutual fund business </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997809" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_44_2">Tokyo, Japan   </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997810" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_56_1">Manulife Asset Management (Europe) Limited</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997810" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1056_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997810" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1056_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997810" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_56_3">Investment management company for Manulife Financial's international funds </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997810" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_56_2">London, England    </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997812" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_54_1">PT Asuransi Jiwa Manulife Indonesia</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997812" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1054_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997812" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1054_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997812" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_54_3">Life insurance company</mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997812" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_54_2">Jakarta, Indonesia</mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997814" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_55_1">PT Manulife Aset Manajemen Indonesia</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997814" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1055_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997814" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1055_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997814" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_55_3">Investment management company marketing mutual funds and discretionary funds </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997814" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_55_2">Jakarta, Indonesia    </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997815" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_45_1">Manulife Insurance (Thailand) Public pany Limited (92.1%)(1)</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997815" decimals="4" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1045_1" unitRef="pure">0.9210</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997815" decimals="4" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1045_2" unitRef="pure">0.9810</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997815" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_45_3">Life insurance company </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997815" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_45_2">Bangkok, Thailand </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997816" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_46_1">Manulife Asset Management (Thailand) pany Limited (95.3%)(1)</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997816" decimals="4" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1046_1" unitRef="pure">0.9530</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997816" decimals="4" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1046_2" unitRef="pure">0.9890</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997816" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_46_3">Investment management company</mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997816" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_46_2">Bangkok, Thailand </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997817" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_47_1">Manulife Holdings Berhad (59.5%)</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997817" decimals="4" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1047_1" unitRef="pure">0.5950</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997817" decimals="4" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1047_2" unitRef="pure">0.5950</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997817" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_47_3">Holding company  </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997817" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_47_2">Kuala Lumpur, Malaysia </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997818" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_48_1">Manulife Insurance Berhad (59.5%)</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997818" decimals="4" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1048_1" unitRef="pure">0.5950</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997818" decimals="4" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1048_2" unitRef="pure">0.5950</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997818" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_48_3">Life insurance company  </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997818" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_48_2">Kuala Lumpur, Malaysia </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997819" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_49_1">Manulife Asset Management Services had (59.5%)</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997819" decimals="4" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1049_1" unitRef="pure">0.5950</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997819" decimals="4" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1049_2" unitRef="pure">0.5950</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997819" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_49_3">Asset management company </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997819" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_49_2">Kuala Lumpur, Malaysia</mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997821" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_50_1">Manulife (Singapore) Pte. Ltd.</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997821" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1050_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997821" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1050_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997821" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_50_3">Life insurance company</mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997821" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_50_2">Singapore</mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997822" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_51_1">Manulife Asset Management (Singapore) Pte. Ltd.</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997822" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1051_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997822" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1051_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997822" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_51_3">Asset management company </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997822" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_51_2">Singapore </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997823" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_52_1">The Manufacturers Life Insurance Co. (Phils.), Inc.</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997823" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1052_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997823" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1052_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997823" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_52_3">Life insurance company </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997823" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_52_2">Makati City, Philippines</mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997824" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_53_1">Manulife Chinabank Life Assurance Corporation (60%)</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997824" decimals="4" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1053_1" unitRef="pure">0.6000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997824" decimals="4" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1053_2" unitRef="pure">0.6000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997824" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_53_3">Life insurance company </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997824" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_53_2">Makati City, Philippines</mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997826" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_39_1">Manulife-Sinochem Life Insurance Co. Ltd. (51%)</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997826" decimals="4" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1039_1" unitRef="pure">0.5100</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997826" decimals="4" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1039_2" unitRef="pure">0.5100</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997826" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_39_3">Life insurance company </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997826" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_39_2">Shanghai, China </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997827" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_37_1">Manulife International Holdings Limited</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997827" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1037_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997827" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1037_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997827" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_37_3">Holding company</mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997827" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_37_2">Hong Kong, China</mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997828" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_38_1">Manulife (International) Limited</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997828" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1038_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997828" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1038_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997828" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_38_3">Life insurance company</mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997828" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_38_2">Hong Kong, China</mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997830" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_32_1">Manulife Financial Asia Limited</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997830" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1032_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997830" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1032_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997830" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_32_3">Holding company</mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997830" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_32_2">Hong Kong, China</mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997831" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_40_1">Manulife Asset Management International Holdings Limited</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997831" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1040_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997831" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1040_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997831" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_40_3">Holding company </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997831" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_40_2">Hong Kong, China </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997832" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_41_1">Manulife Asset Management (Hong Kong) Limited</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997832" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1041_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997832" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1041_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997832" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_41_3">Investment management and advisory company marketing mutual funds </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997832" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_41_2">Hong Kong, China   </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997833" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_42_1">Manulife Asset Management (Taiwan) Co.,Ltd.</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997833" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1042_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997833" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1042_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997833" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_42_3">Asset management company </mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997833" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_42_2">Taipei, Taiwan </mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997834" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_43_1">Manulife Life Insurance Company</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997834" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1043_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997834" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1043_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997834" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_43_3">Life insurance company</mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997834" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_43_2">Tokyo, Japan</mfc:AddressOfSubsidiary>
  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997835" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_59_1">Berkshire Insurance Services Inc.</ifrs-full:NameOfSubsidiary>
  <ifrs-full:ProportionOfOwnershipInterestInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997835" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1059_1" unitRef="pure">1.0000</ifrs-full:ProportionOfOwnershipInterestInSubsidiary>
  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997835" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1059_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997835" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_59_3">Investment holding company</mfc:DescriptionOfSubsidiary>
  <mfc:AddressOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997835" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_59_2">Toronto, Canada</mfc:AddressOfSubsidiary>
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  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997836" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_60_3">Investment holding company  </mfc:DescriptionOfSubsidiary>
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  <ifrs-full:NameOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997837" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_61_1">Manulife Securities Incorporated</ifrs-full:NameOfSubsidiary>
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  <ifrs-full:ProportionOfVotingPowerHeldInSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997837" decimals="INF" id="id_12895287_5A708BD6-E69A-4AA6-9765-E8E14DBC17E4_1061_2" unitRef="pure">1.0000</ifrs-full:ProportionOfVotingPowerHeldInSubsidiary>
  <mfc:DescriptionOfSubsidiary contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2938455x2997837" id="id_12895287_63C6DB53-1039-46CD-936F-B745974D4065_61_3">Investment dealer</mfc:DescriptionOfSubsidiary>
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  <ifrs-full:ExplanationOfSignificantChangesInContractAssetsAndContractLiabilitiesExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2939158x2937516" id="id_12895287_D4DF3A38-FF44-49AB-A2B7-1951A120BC2C_1_0">&lt;div&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 The change in insurance contract liabilities was a result of the
 following business activities and changes in actuarial
 estimates.&lt;/p&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="60%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="1%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Net&amp;#xA0;actuarial&lt;br /&gt;
 liabilities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Other&lt;br /&gt;
 insurance&lt;br /&gt;
 contract&lt;br /&gt;
 liabilities&amp;#xA0;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Net&lt;br /&gt;
 insurance&lt;br /&gt;
 contract&lt;br /&gt;
 liabilities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;
 Reinsurance&lt;br /&gt;
 assets&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;Gross&lt;br /&gt;
 insurance&lt;br /&gt;
 contract&lt;br /&gt;
 liabilities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Balance, January&amp;#xA0;1&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;251,738&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;10,815&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;262,553&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;34,952&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;297,505&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em"&gt;
 New policies&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,545&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,545&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;441&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;3,986&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em"&gt;
 Normal&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;in-force&lt;/font&gt;&amp;#xA0;movement&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;15,192&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;930&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;16,122&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;(3,097&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;13,025&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em"&gt;
 Changes in methods and assumptions&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;305&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(28&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;277&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;47&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;324&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Impact of U.S. Tax Reform&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(2),(3)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,246&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,246&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;2,246&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Increase due to decision to change the portfolio asset mix
 supporting legacy businesses&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(2),(4)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,340&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"&gt;&lt;b&gt;&amp;#x2013;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,340&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;43&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,383&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Impact of changes in foreign exchange rates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(11,275&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(562&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(11,837&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(2,027&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;(13,864&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;)&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Balance, December&amp;#xA0;31&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;263,091&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;11,155&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;274,246&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;30,359&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;304,605&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="16"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="16" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;For the year ended December&amp;#xA0;31,
 2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Net actuarial&lt;br /&gt;
 liabilities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right"&gt;Other&lt;br /&gt;
 insurance&lt;br /&gt;
 contract&lt;br /&gt;
 liabilities&amp;#xA0;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Net&lt;br /&gt;
 insurance&lt;br /&gt;
 contract&lt;br /&gt;
 liabilities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Reinsurance&lt;br /&gt;
 assets&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"&gt;Gross&lt;br /&gt;
 insurance&lt;br /&gt;
 contract&lt;br /&gt;
 liabilities&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Balance, January&amp;#xA0;1&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;239,812&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10,050&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;249,862&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;35,426&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;285,288&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em"&gt;
 New policies&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,617&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap" align="right"&gt;&amp;#x2013;&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,617&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;294&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3,911&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em"&gt;
 Normal&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;in-force&lt;/font&gt;&amp;#xA0;movement&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;12,579&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,094&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,673&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(405&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;13,268&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em"&gt;
 Changes in methods and assumptions&lt;sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;709&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;(54&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;655&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;699&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,354&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Impact of changes in foreign exchange rates&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(4,979&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(275&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(5,254&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(1,062&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"&gt;(6,316&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"&gt;)&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 &lt;b&gt;Balance, December&amp;#xA0;31&lt;/b&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;251,738&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;10,815&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;262,553&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;34,952&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 $&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;297,505&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom"&gt;
 &lt;font size="1"&gt;&amp;#xA0;&lt;/font&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"&gt;
 &amp;#xA0;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Other insurance contract liabilities
 are comprised of benefits payable and provision for unreported
 claims and policyholder amounts on deposit.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;In 2017, the $20,023 increase
 reported as the change in insurance contract liabilities on the
 Consolidated Statements of Income primarily consists of changes due
 to normal&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;in-force&lt;/font&gt;&amp;#xA0;movement,
 new policies, changes in methods and assumptions, the impact of
 U.S. Tax Reform and the increase due to the decision to change the
 portfolio asset mix supporting legacy businesses. These five items
 in the gross insurance contract liabilities column of this table
 net to an increase of $20,964, of which $20,212 is included in the
 Consolidated Statements of Income increase in insurance contract
 liabilities and $752 is included in gross claims and benefits. The
 Consolidated Statements of Income change in insurance contract
 liabilities also includes the change in embedded derivatives
 associated with insurance contracts.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(3)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The impact of U.S. Tax Reform, which
 includes the lowering of the U.S. corporate tax rate from 35% to
 21% and limits on the tax deductibility of reserves, resulted in a
 $2,246 pre-tax ($1,774 post-tax) increase in policy liabilities due
 to the impact of temporary tax timing and permanent tax rate
 differences on the cash flows available to satisfy policyholder
 obligations. The $472 deferred tax impact on this increase in
 policy liabilities, together with the impact of U.S. Tax Reform on
 the Company&amp;#x2019;s deferred tax assets and liabilities is included
 in note 6.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(4)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;The decision to reduce the allocation
 to ALDA in the portfolio asset mix supporting the Company&amp;#x2019;s
 North American legacy businesses resulted in an increase in policy
 liabilities due to the impact on future expected investment income
 on assets supporting the policies.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="break-inside: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top"&gt;(5)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;In 2016, the $18,014 increase
 reported as the change in insurance contract liabilities on the
 Consolidated Statements of Income primarily consists of changes due
 to normal&amp;#xA0;&lt;font style="WHITE-SPACE: nowrap"&gt;in-force&lt;/font&gt;&amp;#xA0;movement,
 new policies and changes in methods and assumptions. These three
 items in the gross insurance contract liabilities column of this
 table net to an increase of $18,533, of which $17,529 is included
 in the Consolidated Statements of Income increase in insurance
 contract liabilities and $1,004 is included in gross claims and
 benefits. The Consolidated Statements of Income change in insurance
 contract liabilities also includes the change in embedded
 derivatives associated with insurance contracts.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;


 &lt;/div&gt;</ifrs-full:ExplanationOfSignificantChangesInContractAssetsAndContractLiabilitiesExplanatory>
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  <ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2939158x2997734" decimals="-6" id="id_12895287_3FF409B2-877B-4CE1-8C0B-185CEF4E0A80_7004_7" unitRef="iso4217_CAD">-2027000000</ifrs-full:IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued>
  <mfc:ChangesInMethodsAndAssumptionsInInsuranceContracts contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2939158x2997734" decimals="-6" id="id_12895287_3FF409B2-877B-4CE1-8C0B-185CEF4E0A80_7004_4" unitRef="iso4217_CAD">47000000</mfc:ChangesInMethodsAndAssumptionsInInsuranceContracts>
  <mfc:NormalInForceMovementInInsuranceContracts contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2939158x2997734" decimals="-6" id="id_12895287_3FF409B2-877B-4CE1-8C0B-185CEF4E0A80_7004_3" unitRef="iso4217_CAD">-3097000000</mfc:NormalInForceMovementInInsuranceContracts>
  <mfc:IncreaseDueToDecisionToChangeThePortfolioAssetMixSupportingLegacyBusinessInsuranceContracts contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2939158x2997734" decimals="-6" id="id_12895287_3FF409B2-877B-4CE1-8C0B-185CEF4E0A80_7004_6" unitRef="iso4217_CAD">-43000000</mfc:IncreaseDueToDecisionToChangeThePortfolioAssetMixSupportingLegacyBusinessInsuranceContracts>
  <mfc:ProductDesignAndPricingRiskManagementStrategy contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2939160x2934877" id="id_12895287_D05B5169-CD3B-4960-B4A4-782383657D8D_4_0">Yes</mfc:ProductDesignAndPricingRiskManagementStrategy>
  <mfc:VariableAnnuityGuaranteeDynamicHedgingRiskManagementStrategy contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2939160x2934877" id="id_12895287_D05B5169-CD3B-4960-B4A4-782383657D8D_4_1">Yes</mfc:VariableAnnuityGuaranteeDynamicHedgingRiskManagementStrategy>
  <mfc:MacroEquityRiskHedgingRiskManagementStrategy contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2939160x2934877" id="id_12895287_D05B5169-CD3B-4960-B4A4-782383657D8D_4_2">Yes</mfc:MacroEquityRiskHedgingRiskManagementStrategy>
  <mfc:AssetLiabilityManagementRiskManagementStrategy contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2939160x2934877" id="id_12895287_D05B5169-CD3B-4960-B4A4-782383657D8D_4_3">Yes</mfc:AssetLiabilityManagementRiskManagementStrategy>
  <mfc:ForeignExchangeManagementRiskManagementStrategy contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2939160x2934877" id="id_12895287_D05B5169-CD3B-4960-B4A4-782383657D8D_4_4">Yes</mfc:ForeignExchangeManagementRiskManagementStrategy>
  <mfc:ProductDesignAndPricingRiskManagementStrategy contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2939160x2938232" id="id_12895287_D05B5169-CD3B-4960-B4A4-782383657D8D_2_0">Yes</mfc:ProductDesignAndPricingRiskManagementStrategy>
  <mfc:VariableAnnuityGuaranteeDynamicHedgingRiskManagementStrategy contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2939160x2938232" id="id_12895287_D05B5169-CD3B-4960-B4A4-782383657D8D_2_1">Yes</mfc:VariableAnnuityGuaranteeDynamicHedgingRiskManagementStrategy>
  <mfc:MacroEquityRiskHedgingRiskManagementStrategy contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2939160x2938232" id="id_12895287_D05B5169-CD3B-4960-B4A4-782383657D8D_2_2">No</mfc:MacroEquityRiskHedgingRiskManagementStrategy>
  <mfc:AssetLiabilityManagementRiskManagementStrategy contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2939160x2938232" id="id_12895287_D05B5169-CD3B-4960-B4A4-782383657D8D_2_3">Yes</mfc:AssetLiabilityManagementRiskManagementStrategy>
  <mfc:ForeignExchangeManagementRiskManagementStrategy contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2939160x2938232" id="id_12895287_D05B5169-CD3B-4960-B4A4-782383657D8D_2_4">No</mfc:ForeignExchangeManagementRiskManagementStrategy>
  <ifrs-full:DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsExplanatory contextRef="eol_PE98036---1740-F0010_STD_365_20171231_0_2939160x2997662" id="id_12895287_3A91868E-9717-4D5D-850D-57F965444CDA_1_0">&lt;div&gt;
 &lt;table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"&gt;
 &lt;tr&gt;
 &lt;td width="79%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="2%"&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td&gt;&lt;/td&gt;
 &lt;td valign="bottom" width="3%"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 1pt"&gt;
 &lt;td height="5"&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;td height="5" colspan="4"&gt;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &lt;font color="#1F320C"&gt;&lt;b&gt;As at December&amp;#xA0;31,&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"&gt;2016&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Debt securities and private placements rated as investment grade
 BBB or higher&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;98%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;97%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Government debt securities as a per cent of total debt
 securities&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;39%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;43%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Government private placements as a per cent of total private
 placements&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;10%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;10%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Highest exposure to a single &lt;font style="WHITE-SPACE: nowrap"&gt;non-government&lt;/font&gt; debt security and
 private placement issuer&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;1,044&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;1,010&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Largest single issuer as a per cent of the total equity
 portfolio&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;2%&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;3%&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Income producing commercial office properties
 (2017&amp;#xA0;&amp;#x2013;&amp;#xA0;64% of real estate,
 2016&amp;#xA0;&amp;#x2013;&amp;#xA0;65%)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" align="right"&gt;
 &lt;b&gt;8,836&lt;/b&gt;&lt;/td&gt;
 &lt;td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;
 &lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td valign="bottom"&gt;$&lt;/td&gt;
 &lt;td valign="bottom" align="right"&gt;9,200&lt;/td&gt;
 &lt;td valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top"&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"&gt;
 Largest concentration of mortgages and real estate&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&amp;#xA0;&amp;#x2013;&amp;#xA0;Ontario
 Canada (2017&amp;#xA0;&amp;#x2013;&amp;#xA0;25%, 2016&amp;#xA0;&amp;#x2013;&amp;#xA0;24%)&lt;/p&gt;
 &lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"&gt;&lt;b&gt;&amp;#xA0;&amp;#xA0;14,779&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"&gt;&lt;b&gt;&amp;#xA0;&lt;/b&gt;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;
 &amp;#xA0;&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom"&gt;$&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"&gt;&amp;#xA0;&amp;#xA0;13,882&lt;/td&gt;
 &lt;td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"&gt;&amp;#xA0;&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt"&gt;
 &lt;font style="FONT-FAMILY: ARIAL"&gt;&amp;#xA0;&lt;/font&gt;&lt;/p&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(1)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Investment grade debt securities and
 private placements include 42% rated A, 16% rated AA and 17% rated
 AAA (2016 &amp;#x2013; 41%, 14% and 21%) investments based on external
 ratings where available.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"&gt;
 &lt;tr style="PAGE-BREAK-INSIDE: avoid"&gt;
 &lt;td valign="top" width="1%" align="left"&gt;&lt;sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top"&gt;(2)&lt;/sup&gt;&lt;/td&gt;
 &lt;td valign="top" align="left"&gt;Mortgages and real estate are
 diversified geographically and by property type.&lt;/td&gt;
 &lt;/tr&gt;
 &lt;/table&gt;
 &lt;/div&gt;</ifrs-full:DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsExplanatory>
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  <unit id="iso4217_CAD">
    <measure>iso4217:CAD</measure>
  </unit>
  <unit id="pure">
    <measure>pure</measure>
  </unit>
  <unit id="Equity">
    <measure>mfc:Equity</measure>
  </unit>
  <unit id="shares">
    <measure>shares</measure>
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  <unit id="iso4217_USD">
    <measure>iso4217:USD</measure>
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  <unit id="Options">
    <measure>mfc:Options</measure>
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  <unit id="iso4217_CAD_per_shares">
    <divide>
      <unitNumerator>
        <measure>iso4217:CAD</measure>
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      <unitDenominator>
        <measure>shares</measure>
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    </divide>
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  <unit id="Y">
    <measure>utr:Y</measure>
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  <unit id="Multiple">
    <measure>mfc:Multiple</measure>
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</xbrl>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>12
<FILENAME>mfc-20171231.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
<!-- DFS Xcelerate Taxonomy Schema - http://www.dfsco.com/financial-services/ -->
<!-- Version: 6.23.6 -->
<!-- Round: 68c23eff-e671-4a4f-aa46-2bda3effbedc -->
<!-- Creation date: 2018-02-07T01:11:26Z -->
<!-- Copyright (c) 2017 Donnelley Financial, LLC. All Rights Reserved. -->
<schema xmlns="http://www.w3.org/2001/XMLSchema"
  xmlns:xbrli="http://www.xbrl.org/2003/instance"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink"
  xmlns:us-gaap="http://fasb.org/us-gaap/2017-01-31"
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  <element name="CarryingValueOfCapitalInstrumentsLineItems" id="mfc_CarryingValueOfCapitalInstrumentsLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CarryingValueOfCapitalInstrumentsTable" id="mfc_CarryingValueOfCapitalInstrumentsTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem"/>
  <element name="CarryingValueOfResidentialMortgagesAndLoansToBankClients" id="mfc_CarryingValueOfResidentialMortgagesAndLoansToBankClients" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CashAndShortTermSecuritiesMember" id="mfc_CashAndShortTermSecuritiesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CashCashAndCashEquivalentsAndCurrentAssetsMember" id="mfc_CashCashAndCashEquivalentsAndCurrentAssetsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CDSCreditMember" id="mfc_CDSCreditMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ChangeInGrossInsuranceContractLiabilities" id="mfc_ChangeInGrossInsuranceContractLiabilities" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ChangeInInsuranceContractLiabilities" id="mfc_ChangeInInsuranceContractLiabilities" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ChangeInInvestmentBrokerNetReceivablesAndPayables" id="mfc_ChangeInInvestmentBrokerNetReceivablesAndPayables" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ChangesInMethodsAndAssumptionsInInsuranceContracts" id="mfc_ChangesInMethodsAndAssumptionsInInsuranceContracts" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ChangesInPolicyRelatedAndOperatingReceivablesAndPayables" id="mfc_ChangesInPolicyRelatedAndOperatingReceivablesAndPayables" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ChangesInSegregatedFundsNetAssetsDepositsFromPolicyholders" id="mfc_ChangesInSegregatedFundsNetAssetsDepositsFromPolicyholders" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ChangesInSegregatedFundsNetAssetsImpactOfChangesInForeignExchangeRates" id="mfc_ChangesInSegregatedFundsNetAssetsImpactOfChangesInForeignExchangeRates" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ChangesInSegregatedFundsNetAssetsInterestAndDividends" id="mfc_ChangesInSegregatedFundsNetAssetsInterestAndDividends" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ChangesInSegregatedFundsNetAssetsInvestmentRelated" id="mfc_ChangesInSegregatedFundsNetAssetsInvestmentRelated" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ChangesInSegregatedFundsNetAssetsInvestmentRelatedAbstract" id="mfc_ChangesInSegregatedFundsNetAssetsInvestmentRelatedAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ChangesInSegregatedFundsNetAssetsManagementAndAdministrationFees" id="mfc_ChangesInSegregatedFundsNetAssetsManagementAndAdministrationFees" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ChangesInSegregatedFundsNetAssetsNetAdditionsDeductions" id="mfc_ChangesInSegregatedFundsNetAssetsNetAdditionsDeductions" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ChangesInSegregatedFundsNetAssetsNetPolicyholderCashFlow" id="mfc_ChangesInSegregatedFundsNetAssetsNetPolicyholderCashFlow" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ChangesInSegregatedFundsNetAssetsNetPolicyholderCashFlowAbstract" id="mfc_ChangesInSegregatedFundsNetAssetsNetPolicyholderCashFlowAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ChangesInSegregatedFundsNetAssetsNetRealizedAndUnrealizedInvestmentGainsLosses" id="mfc_ChangesInSegregatedFundsNetAssetsNetRealizedAndUnrealizedInvestmentGainsLosses" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ChangesInSegregatedFundsNetAssetsNetTransfersToGeneralFund" id="mfc_ChangesInSegregatedFundsNetAssetsNetTransfersToGeneralFund" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ChangesInSegregatedFundsNetAssetsOther" id="mfc_ChangesInSegregatedFundsNetAssetsOther" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ChangesInSegregatedFundsNetAssetsOtherAbstract" id="mfc_ChangesInSegregatedFundsNetAssetsOtherAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ChangesInSegregatedFundsNetAssetsPaymentsToPolicyholders" id="mfc_ChangesInSegregatedFundsNetAssetsPaymentsToPolicyholders" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassASharesSeriesThreeMember" id="mfc_ClassASharesSeriesThreeMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassASharesSeriesTwoMember" id="mfc_ClassASharesSeriesTwoMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassOneSeriesElevenPreferredSharesMember" id="mfc_ClassOneSeriesElevenPreferredSharesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassOneSeriesFifteenPreferredSharesMember" id="mfc_ClassOneSeriesFifteenPreferredSharesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassOneSeriesFivePreferredSharesMember" id="mfc_ClassOneSeriesFivePreferredSharesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassOneSeriesFourPreferredSharesMember" id="mfc_ClassOneSeriesFourPreferredSharesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassOneSeriesNinePreferredSharesMember" id="mfc_ClassOneSeriesNinePreferredSharesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassOneSeriesNineteenPreferredSharesMember" id="mfc_ClassOneSeriesNineteenPreferredSharesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassOneSeriesSevenPreferredSharesMember" id="mfc_ClassOneSeriesSevenPreferredSharesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassOneSeriesSeventeenPreferredSharesMember" id="mfc_ClassOneSeriesSeventeenPreferredSharesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassOneSeriesThirteenPreferredSharesMember" id="mfc_ClassOneSeriesThirteenPreferredSharesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassOneSeriesThreePreferredSharesMember" id="mfc_ClassOneSeriesThreePreferredSharesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassOneSeriesTwentyOnePreferredSharesMember" id="mfc_ClassOneSeriesTwentyOnePreferredSharesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassOneSeriesTwentyThreePreferredSharesMember" id="mfc_ClassOneSeriesTwentyThreePreferredSharesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassOneSharesSeriesElevenMember" id="mfc_ClassOneSharesSeriesElevenMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassOneSharesSeriesFifteenMember" id="mfc_ClassOneSharesSeriesFifteenMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassOneSharesSeriesFiveMember" id="mfc_ClassOneSharesSeriesFiveMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassOneSharesSeriesFourMember" id="mfc_ClassOneSharesSeriesFourMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassOneSharesSeriesNineMember" id="mfc_ClassOneSharesSeriesNineMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassOneSharesSeriesNineteenMember" id="mfc_ClassOneSharesSeriesNineteenMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassOneSharesSeriesSevenMember" id="mfc_ClassOneSharesSeriesSevenMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassOneSharesSeriesSeventeenMember" id="mfc_ClassOneSharesSeriesSeventeenMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassOneSharesSeriesThirteenMember" id="mfc_ClassOneSharesSeriesThirteenMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassOneSharesSeriesThreeMember" id="mfc_ClassOneSharesSeriesThreeMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassOneSharesSeriesTwentyOneMember" id="mfc_ClassOneSharesSeriesTwentyOneMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassOneSharesSeriesTwentyThreeMember" id="mfc_ClassOneSharesSeriesTwentyThreeMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassSeriesThreePreferredSharesMember" id="mfc_ClassSeriesThreePreferredSharesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClassSeriesTwoPreferredSharesMember" id="mfc_ClassSeriesTwoPreferredSharesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ClearedSwapContractsMember" id="mfc_ClearedSwapContractsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CMBSecuritizationMember" id="mfc_CMBSecuritizationMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CommercialMortgageAssetbackedSecuritiesMember" id="mfc_CommercialMortgageAssetbackedSecuritiesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CommercialMortgageBackedSecurities1Member" id="mfc_CommercialMortgageBackedSecurities1Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CommercialMortgagesAndPrivatePlacementsMember" id="mfc_CommercialMortgagesAndPrivatePlacementsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CommercialMortgagesMember" id="mfc_CommercialMortgagesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CommissionsInvestmentAndGeneralExpenses" id="mfc_CommissionsInvestmentAndGeneralExpenses" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CommitmentAndContingenciesAbstract" id="mfc_CommitmentAndContingenciesAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CompositionOfSegregatedFundsNetAssetsAbstract" id="mfc_CompositionOfSegregatedFundsNetAssetsAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ComprehensiveIncomeAttributableToParticipatingPolicyholders" id="mfc_ComprehensiveIncomeAttributableToParticipatingPolicyholders" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ConcentrationsOfInsuranceRisk" id="mfc_ConcentrationsOfInsuranceRisk" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CondensedConsolidatedStatementsOfFinancialPositionLineItems" id="mfc_CondensedConsolidatedStatementsOfFinancialPositionLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CondensedConsolidatedStatementsOfFinancialPositionTable" id="mfc_CondensedConsolidatedStatementsOfFinancialPositionTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem"/>
  <element name="CondensedConsolidatedStatementsOfIncomeInformationLineItems" id="mfc_CondensedConsolidatedStatementsOfIncomeInformationLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CondensedConsolidatedStatementsOfIncomeInformationTable" id="mfc_CondensedConsolidatedStatementsOfIncomeInformationTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem"/>
  <element name="ConsolidatingAdjustmentsMember" id="mfc_ConsolidatingAdjustmentsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ConsolidationAdjustmentsMember" id="mfc_ConsolidationAdjustmentsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ContractBenefitsAndExpensesToContractHoldersAndBeneficiaries" id="mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiaries" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ContractBenefitsAndExpensesToContractHoldersAndBeneficiariesAbstract" id="mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiariesAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ContractLiabilitiesBenefits" id="mfc_ContractLiabilitiesBenefits" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ContractLiabilitiesInGrossClaimsAndBenefits" id="mfc_ContractLiabilitiesInGrossClaimsAndBenefits" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ContractualObligationsAndCommitmentsInvestmentContracts" id="mfc_ContractualObligationsAndCommitmentsInvestmentContracts" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ContributionsFromDistributionsToNoncontrollingInterests" id="mfc_ContributionsFromDistributionsToNoncontrollingInterests" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ContributionsNetNoncontrollingInterests" id="mfc_ContributionsNetNoncontrollingInterests" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CorporateAndSwapSpreadsMember" id="mfc_CorporateAndSwapSpreadsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CorporateDebtMember" id="mfc_CorporateDebtMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CorporateSpreadAssumptionsMember" id="mfc_CorporateSpreadAssumptionsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CorporateSpreadsMember" id="mfc_CorporateSpreadsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CountryNameAxis" id="mfc_CountryNameAxis" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:dimensionItem"/>
  <element name="CountryNameDomain" id="mfc_CountryNameDomain" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CreditDefaultSwapsMember" id="mfc_CreditDefaultSwapsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CreditDerivativePurchasedCreditProtection1" id="mfc_CreditDerivativePurchasedCreditProtection1" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CreditDerivativesMember" id="mfc_CreditDerivativesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CreditFacilityWithDbsBankLtdMember" id="mfc_CreditFacilityWithDbsBankLtdMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CreditLinkedNoteMember" id="mfc_CreditLinkedNoteMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CreditRiskDerivativesAtFairValueNet1" id="mfc_CreditRiskDerivativesAtFairValueNet1" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CreditRiskWeightedAmount" id="mfc_CreditRiskWeightedAmount" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CurrencyMovementOfMultipleSignificantUnobservableInputsOnDerivativeInstruments" id="mfc_CurrencyMovementOfMultipleSignificantUnobservableInputsOnDerivativeInstruments" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CurrencyRateFuturesMember" id="mfc_CurrencyRateFuturesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CurrentTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome" id="mfc_CurrentTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="CyclicalConsumerMember" id="mfc_CyclicalConsumerMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="DeathBenefitMember" id="mfc_DeathBenefitMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="DeathDisabilityAndOtherClaimsMember" id="mfc_DeathDisabilityAndOtherClaimsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="DebtInstrumentBasisPoints" id="mfc_DebtInstrumentBasisPoints" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="DebtInstrumentIssuanceDate2" id="mfc_DebtInstrumentIssuanceDate2" type="xbrli:dateItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="DebtInstrumentMaturityDate1" id="mfc_DebtInstrumentMaturityDate1" type="xbrli:dateItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="DebtInstrumentMaturityPeriod" id="mfc_DebtInstrumentMaturityPeriod" type="xbrli:durationItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="DebtInstrumentParValue" id="mfc_DebtInstrumentParValue" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="DebtInstrumentRedemptionDate" id="mfc_DebtInstrumentRedemptionDate" type="xbrli:dateItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="DebtRedemptionPremiumBeforeTax" id="mfc_DebtRedemptionPremiumBeforeTax" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="DebtSecuritiesAndPrivatePlacements" id="mfc_DebtSecuritiesAndPrivatePlacements" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="DebtSecuritiesAndPrivatePlacementsInvestmentPercentage" id="mfc_DebtSecuritiesAndPrivatePlacementsInvestmentPercentage" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="DebtSecuritiesAndPrivatePlacementsPercentage" id="mfc_DebtSecuritiesAndPrivatePlacementsPercentage" type="num:percentItemType" abstract="false" xbrli:periodType="instant" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="DebtSecuritiesIssuanceDate" id="mfc_DebtSecuritiesIssuanceDate" type="xbrli:dateItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="DebtSecuritiesMaturityDate" id="mfc_DebtSecuritiesMaturityDate" type="xbrli:dateItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="DecreaseInProfitLossAttributableToShareholdersDueToPolicyRelatedAssumptions" id="mfc_DecreaseInProfitLossAttributableToShareholdersDueToPolicyRelatedAssumptions" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="DeferredShareUnitsPlansUnderEsopMember" id="mfc_DeferredShareUnitsPlansUnderEsopMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="DescriptionOfAccountingPolicyForInvestmentCategoriesForVariableContractsWithGuaranteesExplanatory" id="mfc_DescriptionOfAccountingPolicyForInvestmentCategoriesForVariableContractsWithGuaranteesExplanatory" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="DescriptionOfAccountingPolicyForProductDesignAndPricingStrategyExplanatory" id="mfc_DescriptionOfAccountingPolicyForProductDesignAndPricingStrategyExplanatory" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="DisclosureOfCarryingValueOfAssetsBackingNetInsuranceContractLiabilitiesOtherLiabilitiesAndCapitalExplanatory" id="mfc_DisclosureOfCarryingValueOfAssetsBackingNetInsuranceContractLiabilitiesOtherLiabilitiesAndCapitalExplanatory" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="DisclosureOfComponentsOfNetBenefitCostForPensionPlansAndRetireeWelfarePlansExplanatory" id="mfc_DisclosureOfComponentsOfNetBenefitCostForPensionPlansAndRetireeWelfarePlansExplanatory" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="GovernmentOfCanadaBondsMember" id="mfc_GovernmentOfCanadaBondsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="InsuranceAndInvestmentContractLiabilitiesAndMacroEquityHedgesMember" id="mfc_InsuranceAndInvestmentContractLiabilitiesAndMacroEquityHedgesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="InsuranceClaimsAndBenefitsGross" id="mfc_InsuranceClaimsAndBenefitsGross" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="InsuranceContractsContractualObligationsPaymentsDueOnLiabilities" id="mfc_InsuranceContractsContractualObligationsPaymentsDueOnLiabilities" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="InsuredMember" id="mfc_InsuredMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="InterestRateFuturesMember" id="mfc_InterestRateFuturesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="InterestRateOptionsMember" id="mfc_InterestRateOptionsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="InterestReceived" id="mfc_InterestReceived" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="InternationalGroupProgramMember" id="mfc_InternationalGroupProgramMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="IntervalPercentageOfWhichImpactOfRebalancingEquityHedgesForDynamicallyHedgedVariableAnnuityGuaranteeBestEstimateLiabilities" id="mfc_IntervalPercentageOfWhichImpactOfRebalancingEquityHedgesForDynamicallyHedgedVariableAnnuityGuaranteeBestEstimateLiabilities" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="InvestedAssetsMember" id="mfc_InvestedAssetsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="InvestmentCategoriesForVariableContractsWithGuaranteesAbstract" id="mfc_InvestmentCategoriesForVariableContractsWithGuaranteesAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="InvestmentCategoriesForVariableContractsWithGuaranteesLineItems" id="mfc_InvestmentCategoriesForVariableContractsWithGuaranteesLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="InvestmentCategoriesForVariableContractsWithGuaranteesTable" id="mfc_InvestmentCategoriesForVariableContractsWithGuaranteesTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem"/>
  <element name="InvestmentCommitmentsOutstanding" id="mfc_InvestmentCommitmentsOutstanding" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="InvestmentContractLiabilitiesAxis" id="mfc_InvestmentContractLiabilitiesAxis" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:dimensionItem"/>
  <element name="InvestmentContractLiabilitiesMeasuredAtAmortizedCostDomain" id="mfc_InvestmentContractLiabilitiesMeasuredAtAmortizedCostDomain" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="InvestmentExpenses" id="mfc_InvestmentExpenses" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="InvestmentExpensesLineItems" id="mfc_InvestmentExpensesLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="InvestmentExpensesTable" id="mfc_InvestmentExpensesTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem"/>
  <element name="InvestmentGradeDebtSecuritiesAndPrivatePlacementsRate" id="mfc_InvestmentGradeDebtSecuritiesAndPrivatePlacementsRate" type="num:percentItemType" abstract="false" xbrli:periodType="instant" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="InvestmentIncomeExpenseAbstract" id="mfc_InvestmentIncomeExpenseAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="InvestmentIncomeLossAbstract" id="mfc_InvestmentIncomeLossAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="InvestmentIncomeYields" id="mfc_InvestmentIncomeYields" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="InvestmentInStartupCapitalOfMutualFunds" id="mfc_InvestmentInStartupCapitalOfMutualFunds" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="InvestmentPropertyCapitalizationRates" id="mfc_InvestmentPropertyCapitalizationRates" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="InvestmentPropertyTerminalCapitalizationRates" id="mfc_InvestmentPropertyTerminalCapitalizationRates" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="InvestmentsForVariableContractsWithGuarantees" id="mfc_InvestmentsForVariableContractsWithGuarantees" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="JHFCSubordinatedNotesMember" id="mfc_JHFCSubordinatedNotesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="JhInvestmentsDelawareLlcMember" id="mfc_JhInvestmentsDelawareLlcMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="JHLongTermCareTriennialReviewMember" id="mfc_JHLongTermCareTriennialReviewMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="JhusaIssuerMember" id="mfc_JhusaIssuerMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="JohnHancockAdvisersLlcMember" id="mfc_JohnHancockAdvisersLlcMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="JohnHancockDistributorsLlcMember" id="mfc_JohnHancockDistributorsLlcMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="JohnHancockFinancialCorporationMember" id="mfc_JohnHancockFinancialCorporationMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="JohnHancockFinancialNetworkIncMember" id="mfc_JohnHancockFinancialNetworkIncMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="JohnHancockFundsLlcMember" id="mfc_JohnHancockFundsLlcMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="JohnHancockInsuranceAgencyIncMember" id="mfc_JohnHancockInsuranceAgencyIncMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="JohnHancockInsuranceMember" id="mfc_JohnHancockInsuranceMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="JohnHancockInvestmentManagementServicesLlcMember" id="mfc_JohnHancockInvestmentManagementServicesLlcMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="JohnHancockInvestmentsAndRetirementPlanServicesMember" id="mfc_JohnHancockInvestmentsAndRetirementPlanServicesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="JohnHancockLifeHealthInsuranceCompanyMember" id="mfc_JohnHancockLifeHealthInsuranceCompanyMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="JohnHancockLifeInsuranceCompanyOfNewYorkMember" id="mfc_JohnHancockLifeInsuranceCompanyOfNewYorkMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="JohnHancockLifeInsuranceCompanyUsaMember" id="mfc_JohnHancockLifeInsuranceCompanyUsaMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="JohnHancockReassuranceCompanyLtdUSAMember" id="mfc_JohnHancockReassuranceCompanyLtdUSAMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="LapsesAndPolicyholderBehaviourMember" id="mfc_LapsesAndPolicyholderBehaviourMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="LargestSingleIssuerOfEquityPortfolioPercentage" id="mfc_LargestSingleIssuerOfEquityPortfolioPercentage" type="num:percentItemType" abstract="false" xbrli:periodType="instant" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="LessThanFiftyBasisPointsMember" id="mfc_LessThanFiftyBasisPointsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="LessThanTenPercentageChangeInMarketValueMember" id="mfc_LessThanTenPercentageChangeInMarketValueMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="LessThanTwentyBasisPointsMember" id="mfc_LessThanTwentyBasisPointsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="LeveragedLeasesMember" id="mfc_LeveragedLeasesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="LiabilitiesForQualifyingCapitalInstruments" id="mfc_LiabilitiesForQualifyingCapitalInstruments" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="LiabilitiesOnCurrentInForceBusinessDuePeriod" id="mfc_LiabilitiesOnCurrentInForceBusinessDuePeriod" type="xbrli:stringItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="LiabilityhedgingAssetsMember" id="mfc_LiabilityhedgingAssetsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="LifeAndHealthInsuranceMember" id="mfc_LifeAndHealthInsuranceMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="LifeExpectancyInYearsAtAgeSixtyFiveForThoseCurrentlyAgeFortyFiveMember" id="mfc_LifeExpectancyInYearsAtAgeSixtyFiveForThoseCurrentlyAgeFortyFiveMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="LifeExpectancyInYearsForThoseCurrentlyAgeSixtyFiveMember" id="mfc_LifeExpectancyInYearsForThoseCurrentlyAgeSixtyFiveMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="LineOfCreditFacilityMaximumBorrowingCapacity1" id="mfc_LineOfCreditFacilityMaximumBorrowingCapacity1" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="LoansToBankClientsMember" id="mfc_LoansToBankClientsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="LongTermBorrowingsFairValue" id="mfc_LongTermBorrowingsFairValue" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="MacroEquityRiskHedgingRiskManagementStrategy" id="mfc_MacroEquityRiskHedgingRiskManagementStrategy" type="dei:yesNoItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="MajorClassesOfCommercialMortgagesAxis" id="mfc_MajorClassesOfCommercialMortgagesAxis" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:dimensionItem"/>
  <element name="MajorClassesOfCommercialMortgagesMember" id="mfc_MajorClassesOfCommercialMortgagesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="MaleMember" id="mfc_MaleMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ManufacturersLifeInsuranceCompanyMember" id="mfc_ManufacturersLifeInsuranceCompanyMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ManufacturersLifeInsuranceMember" id="mfc_ManufacturersLifeInsuranceMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="ManufacturersPcLimitedMember" id="mfc_ManufacturersPcLimitedMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="ManulifeAssetManagementEuropeLimitedMember" id="mfc_ManulifeAssetManagementEuropeLimitedMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ManulifeAssetManagementHoldingsCanadaIncMember" id="mfc_ManulifeAssetManagementHoldingsCanadaIncMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ManulifeAssetManagementHongKongLimitedMember" id="mfc_ManulifeAssetManagementHongKongLimitedMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ManulifeAssetManagementInternationalHoldingsLimitedMember" id="mfc_ManulifeAssetManagementInternationalHoldingsLimitedMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ManulifeAssetManagementJapanLimitedMember" id="mfc_ManulifeAssetManagementJapanLimitedMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ManulifeAssetManagementLimitedMember" id="mfc_ManulifeAssetManagementLimitedMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ManulifeAssetManagementNorthAmericaLimitedMember" id="mfc_ManulifeAssetManagementNorthAmericaLimitedMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="ManulifeAssetManagementSingaporePteLtdMember" id="mfc_ManulifeAssetManagementSingaporePteLtdMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ManulifeAssetManagementTaiwanCoLtdMember" id="mfc_ManulifeAssetManagementTaiwanCoLtdMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ManulifeAssetManagementThailandCompanyLimitedMember" id="mfc_ManulifeAssetManagementThailandCompanyLimitedMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="ManulifeAssetManagementVietnamCompanyLimitedMember" id="mfc_ManulifeAssetManagementVietnamCompanyLimitedMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ManulifeAssuranceCompanyOfCanadaMember" id="mfc_ManulifeAssuranceCompanyOfCanadaMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ManulifeBankofCanadaMember" id="mfc_ManulifeBankofCanadaMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ManulifeCambodiaPlcMember" id="mfc_ManulifeCambodiaPlcMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ManulifeChinabankLifeAssuranceCorporationMember" id="mfc_ManulifeChinabankLifeAssuranceCorporationMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ManulifeFinanceLPMember" id="mfc_ManulifeFinanceLPMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ManulifeFinancialAsiaLimitedMember" id="mfc_ManulifeFinancialAsiaLimitedMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ManulifeFinancialCapitalTrustIIMember" id="mfc_ManulifeFinancialCapitalTrustIIMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ManulifeFinancialCorporationMember" id="mfc_ManulifeFinancialCorporationMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ManulifeHoldingsAlbertaLimitedMember" id="mfc_ManulifeHoldingsAlbertaLimitedMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ManulifeHoldingsBerhadMember" id="mfc_ManulifeHoldingsBerhadMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ManulifeHoldingsBermudaLimitedMember" id="mfc_ManulifeHoldingsBermudaLimitedMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ManulifeInsuranceBerhadMember" id="mfc_ManulifeInsuranceBerhadMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ManulifeInsuranceThailandPublicCompanyLimitedMember" id="mfc_ManulifeInsuranceThailandPublicCompanyLimitedMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ManulifeInternationalHoldingsLimitedMember" id="mfc_ManulifeInternationalHoldingsLimitedMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ManulifeInternationalLimitedMember" id="mfc_ManulifeInternationalLimitedMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ManulifeLifeInsuranceCompanyMember" id="mfc_ManulifeLifeInsuranceCompanyMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="ManulifePropertyLimitedPartnershipMember" id="mfc_ManulifePropertyLimitedPartnershipMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="ManulifeVietnamLimitedMember" id="mfc_ManulifeVietnamLimitedMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ManulifeWesternHoldingsLimitedPartnershipMember" id="mfc_ManulifeWesternHoldingsLimitedPartnershipMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="MoneyMarketFunds1Member" id="mfc_MoneyMarketFunds1Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="MoreThanTenPercentageChangeInMarketValueMember" id="mfc_MoreThanTenPercentageChangeInMarketValueMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="MoreThanTwentyBasisPointsMember" id="mfc_MoreThanTwentyBasisPointsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="MortgagesAndLoansToBankClientsMember" id="mfc_MortgagesAndLoansToBankClientsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="MultifamilyResidentialMember" id="mfc_MultifamilyResidentialMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="NegativeThirtyPercentageChangeInMarketValueOfEquityMember" id="mfc_NegativeThirtyPercentageChangeInMarketValueOfEquityMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="NetInsurancePremiumTaxes" id="mfc_NetInsurancePremiumTaxes" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="NetOfReinsuranceFundValue" id="mfc_NetOfReinsuranceFundValue" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="NumberOfOtherEquityInstrumentsEntitleHolderToReceivePaymentInCash" id="mfc_NumberOfOtherEquityInstrumentsEntitleHolderToReceivePaymentInCash" type="xbrli:decimalItemType" abstract="false" xbrli:periodType="instant" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="NumberOfOtherEquityInstrumentsIssuedInSharebasedPaymentArrangement" id="mfc_NumberOfOtherEquityInstrumentsIssuedInSharebasedPaymentArrangement" type="xbrli:decimalItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="NumberOfOtherEquityInstrumentsReinvestedInSharebasedPaymentArrangement" id="mfc_NumberOfOtherEquityInstrumentsReinvestedInSharebasedPaymentArrangement" type="xbrli:decimalItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="NumberOfSharesIssuedOnExerciseOfStockOptionsAndDeferredShareUnits" id="mfc_NumberOfSharesIssuedOnExerciseOfStockOptionsAndDeferredShareUnits" type="xbrli:sharesItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="OntarioCanadaMember" id="mfc_OntarioCanadaMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="OtherFixedInterestRateInvestmentsMember" id="mfc_OtherFixedInterestRateInvestmentsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="OtherInsuranceContractLiabilitiesMember" id="mfc_OtherInsuranceContractLiabilitiesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="OtherInvestedAssetsLeveragedLeases" id="mfc_OtherInvestedAssetsLeveragedLeases" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="OtherInvestmentsInSegregatedFundsMember" id="mfc_OtherInvestmentsInSegregatedFundsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="OtherNotesPayableMember" id="mfc_OtherNotesPayableMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="OtherPledgeMember" id="mfc_OtherPledgeMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="SegregatedFundsMember" id="mfc_SegregatedFundsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="SegregatedFundsNetAssets" id="mfc_SegregatedFundsNetAssets" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="SegregatedFundsNetAssetsHeldByPolicyholders" id="mfc_SegregatedFundsNetAssetsHeldByPolicyholders" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="SegregatedFundsNetAssetsHeldByTheCompany" id="mfc_SegregatedFundsNetAssetsHeldByTheCompany" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="SegregatedFundsNetLiabilities" id="mfc_SegregatedFundsNetLiabilities" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="SegregatedMutualAndOtherFundsMember" id="mfc_SegregatedMutualAndOtherFundsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="SensitivitiesDiscountRateBasisPointsUsedInFinancialAssumptionExcludingChangeInMarketValueOfAFSFixedIncomeAssets" id="mfc_SensitivitiesDiscountRateBasisPointsUsedInFinancialAssumptionExcludingChangeInMarketValueOfAFSFixedIncomeAssets" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="SensitivitiesDiscountRateBasisPointsUsedInFinancialAssumptionFromFairValueChangesInAFSFixedIncomeAssets" id="mfc_SensitivitiesDiscountRateBasisPointsUsedInFinancialAssumptionFromFairValueChangesInAFSFixedIncomeAssets" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="SensitivitiesMCCSRBasisPointsUsedInFinancialAssumptionExcludingChangeInMarketValueOfAFSFixedIncomeAssets" id="mfc_SensitivitiesMCCSRBasisPointsUsedInFinancialAssumptionExcludingChangeInMarketValueOfAFSFixedIncomeAssets" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="SensitivitiesMCCSRBasisPointsUsedInFinancialAssumptionFromFairValueChangesInAFSFixedIncomeAssets" id="mfc_SensitivitiesMCCSRBasisPointsUsedInFinancialAssumptionFromFairValueChangesInAFSFixedIncomeAssets" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="SensitivityBasisPointOfNetIncomeAttributedToShareholders" id="mfc_SensitivityBasisPointOfNetIncomeAttributedToShareholders" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="SettlementsMultipleSignificantUnobservableInputsOnDerivativeInstruments" id="mfc_SettlementsMultipleSignificantUnobservableInputsOnDerivativeInstruments" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="SevenPointFiveThreeFivePercentageSeniorDebentureNotesMember" id="mfc_SevenPointFiveThreeFivePercentageSeniorDebentureNotesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="SevenPointSevenSixEightPercentageMediumTermNotesMember" id="mfc_SevenPointSevenSixEightPercentageMediumTermNotesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="SevenPointThreeSevenFiveSurplusNotesMember" id="mfc_SevenPointThreeSevenFiveSurplusNotesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod1" id="mfc_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod1" type="xbrli:durationItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingDate" id="mfc_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingDate" type="xbrli:stringItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ShareBasedPaymentsArrangementsMember" id="mfc_ShareBasedPaymentsArrangementsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="SpreadPeriodToGradeToLongtermAverage" id="mfc_SpreadPeriodToGradeToLongtermAverage" type="xbrli:durationItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="StandardCharteredsMandatoryProvidentFundAndOccupationalRetirementSchemesOrdinanceMember" id="mfc_StandardCharteredsMandatoryProvidentFundAndOccupationalRetirementSchemesOrdinanceMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="StandardCharteredsMandatoryProvidentFundMember" id="mfc_StandardCharteredsMandatoryProvidentFundMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="StandardLifePlcMember" id="mfc_StandardLifePlcMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="StatementOfFinancialStatementsLineItems" id="mfc_StatementOfFinancialStatementsLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="StatementOfFinancialStatementsTable" id="mfc_StatementOfFinancialStatementsTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem"/>
  <element name="StockBasedCompensationMember" id="mfc_StockBasedCompensationMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="SubordinatedDebenturesDueOnDecember152041Member" id="mfc_SubordinatedDebenturesDueOnDecember152041Member" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="SubordinateGuaranteeIssued" id="mfc_SubordinateGuaranteeIssued" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="SummaryOfCreditQualityAndCarryingValueOfCommercialMortgageAndPrivatePlacementTextBlock" id="mfc_SummaryOfCreditQualityAndCarryingValueOfCommercialMortgageAndPrivatePlacementTextBlock" type="nonnum:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="SupplementalCashFlowInformation1Abstract" id="mfc_SupplementalCashFlowInformation1Abstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="TaxEffectFromChangeInTaxRateInInsuranceContracts" id="mfc_TaxEffectFromChangeInTaxRateInInsuranceContracts" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="TaxEffectFromChangeInTaxRateInInsuranceContractsPostTax" id="mfc_TaxEffectFromChangeInTaxRateInInsuranceContractsPostTax" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="TaxEffectOfRecoveryOfUnrecognizedTaxLossesOfPriorYears" id="mfc_TaxEffectOfRecoveryOfUnrecognizedTaxLossesOfPriorYears" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="TaxRateAppliedToCashFlowProjections" id="mfc_TaxRateAppliedToCashFlowProjections" type="num:percentItemType" abstract="false" xbrli:periodType="instant" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="TechnologyMember" id="mfc_TechnologyMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="TelecommunicationsMember" id="mfc_TelecommunicationsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="TenPercentAdverseChangeInFutureTerminationRatesMember" id="mfc_TenPercentAdverseChangeInFutureTerminationRatesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="TenPercentageChangeInCanadianDollarRelativeToTheUSDollarAndTheHongKongDollarMember" id="mfc_TenPercentageChangeInCanadianDollarRelativeToTheUSDollarAndTheHongKongDollarMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="TenPercentageChangeInMarketValueOfEquityMember" id="mfc_TenPercentageChangeInMarketValueOfEquityMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="TenPercentageChangeInTheCanadianDollarRelativeToTheJapaneseYenMember" id="mfc_TenPercentageChangeInTheCanadianDollarRelativeToTheJapaneseYenMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="TermOfCreditDefaultSwaps" id="mfc_TermOfCreditDefaultSwaps" type="xbrli:durationItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="TextBlock1Abstract" id="mfc_TextBlock1Abstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="TheManufacturersInvestmentCorporationMember" id="mfc_TheManufacturersInvestmentCorporationMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="TheManufacturersLifeInsuranceCompanyMember" id="mfc_TheManufacturersLifeInsuranceCompanyMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="TheManufacturersLifeInsuranceCoPhilsIncMember" id="mfc_TheManufacturersLifeInsuranceCoPhilsIncMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ThirtyPercentageChangeInMarketValueOfEquityMember" id="mfc_ThirtyPercentageChangeInMarketValueOfEquityMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ThreePointEightFivePercentageSubordinatedDebenturesMember" id="mfc_ThreePointEightFivePercentageSubordinatedDebenturesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ThreePointFiveTwoSevenPercentageSeniorNotesMember" id="mfc_ThreePointFiveTwoSevenPercentageSeniorNotesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ThreePointNineThreeEightPercentageSubordinatedDebenturesMember" id="mfc_ThreePointNineThreeEightPercentageSubordinatedDebenturesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ThreePointOneEightOnePercentageSubordinatedDebenturesMember" id="mfc_ThreePointOneEightOnePercentageSubordinatedDebenturesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ThreePointZeroFourNinePercentageSubordinatedDebenturesMember" id="mfc_ThreePointZeroFourNinePercentageSubordinatedDebenturesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="TimberlandInvestmentMember" id="mfc_TimberlandInvestmentMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="TransamericasBrokerDealerBusinessMember" id="mfc_TransamericasBrokerDealerBusinessMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="TransfersIntoLevel3OfFairValueHierarchyFinancialAssetsAndLiabilities" id="mfc_TransfersIntoLevel3OfFairValueHierarchyFinancialAssetsAndLiabilities" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="TransfersOutOfLevel3OfFairValueHierarchyFinancialAssetsAndLiabilities" id="mfc_TransfersOutOfLevel3OfFairValueHierarchyFinancialAssetsAndLiabilities" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="TwentyPercentageChangeInMarketValueOfEquityMember" id="mfc_TwentyPercentageChangeInMarketValueOfEquityMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="TwoPercentAdverseChangeInFutureMortalityRatesMember" id="mfc_TwoPercentAdverseChangeInFutureMortalityRatesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="UnfundedMember" id="mfc_UnfundedMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="UnrealizedAndRealizedGainsLossesOnInvestmentIncome" id="mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="UnsecuredRevolvingCreditFacilityMember" id="mfc_UnsecuredRevolvingCreditFacilityMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="UnusedTaxCreditsForWhichDeferredTaxAssetRecognised" id="mfc_UnusedTaxCreditsForWhichDeferredTaxAssetRecognised" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="USGovernmentAndAgencyMember" id="mfc_USGovernmentAndAgencyMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="UsPlansMember" id="mfc_UsPlansMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="VariableAnnuityGuaranteeDynamicHedgingAndMacroEquityRiskHedgingProgramsMember" id="mfc_VariableAnnuityGuaranteeDynamicHedgingAndMacroEquityRiskHedgingProgramsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="VariableAnnuityGuaranteeDynamicHedgingRiskManagementStrategy" id="mfc_VariableAnnuityGuaranteeDynamicHedgingRiskManagementStrategy" type="dei:yesNoItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="VariableAnnuityGuaranteeLiabilitiesRebalancedBasisPointIntervals" id="mfc_VariableAnnuityGuaranteeLiabilitiesRebalancedBasisPointIntervals" type="num:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="VariableFundingSurplusNoteMember" id="mfc_VariableFundingSurplusNoteMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="VariableSurplusNoteMember" id="mfc_VariableSurplusNoteMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
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  <element name="WeightedAverageMaturityTerm" id="mfc_WeightedAverageMaturityTerm" type="xbrli:durationItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="WeightedAverageRemainingContractualLifeOfExercisableShareOptions" id="mfc_WeightedAverageRemainingContractualLifeOfExercisableShareOptions" type="xbrli:decimalItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ZeroPointFivePercentageDecreaseInCorporateSpreadsMember" id="mfc_ZeroPointFivePercentageDecreaseInCorporateSpreadsMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ZeroPointFivePercentageDecreaseInInterestRatesMember" id="mfc_ZeroPointFivePercentageDecreaseInInterestRatesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
  <element name="ZeroPointFivePercentageIncreaseInInterestRatesMember" id="mfc_ZeroPointFivePercentageIncreaseInInterestRatesMember" type="nonnum:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item"/>
</schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>13
<FILENAME>mfc-20171231_cal.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION CALCULATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
<!-- DFS Xcelerate Taxonomy Calculation Linkbase - http://www.dfsco.com/financial-services/ -->
<!-- Version: 6.23.6 -->
<!-- Round: 15ccdd5b-bae6-4f3b-bc42-45585215ee02 -->
<!-- Creation date: 2018-02-07T19:39:10Z -->
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</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>15
<FILENAME>mfc-20171231_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
<!-- DFS Xcelerate Taxonomy Labels Linkbase - http://www.dfsco.com/financial-services/ -->
<!-- Version: 6.23.6 -->
<!-- Round: 15ccdd5b-bae6-4f3b-bc42-45585215ee02 -->
<!-- Creation date: 2018-02-07T19:39:10Z -->
<!-- Copyright (c) 2017 Donnelley Financial, LLC. All Rights Reserved. -->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase"
  xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
  xmlns:xlink="http://www.w3.org/1999/xlink"
  xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel"/>
  <roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel"/>
  <roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel"/>
  <roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
  <roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel"/>
  <labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_AAACreditGradesMember" xlink:label="mfc_AAACreditGradesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_AAACreditGradesMember_lbl" xml:lang="en-US" id="id_12895287_3030934_3_1">AAA credit grades.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_AAACreditGradesMember_lbl" xml:lang="en-US" id="id_12895287_3030934_1_1">AAA Credit Grades [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_AAACreditGradesMember_lbl" xml:lang="en-US" id="id_12895287_3030934_2_1">AAA [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_AAACreditGradesMember" xlink:to="mfc_AAACreditGradesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_AAACreditRatingMember" xlink:label="mfc_AAACreditRatingMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_AAACreditRatingMember_lbl" xml:lang="en-US" id="id_12895287_2998218_3_1">AAA credit rating.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_AAACreditRatingMember_lbl" xml:lang="en-US" id="id_12895287_2998218_1_1">AAA credit rating [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_AAACreditRatingMember_lbl" xml:lang="en-US" id="id_12895287_2998218_2_1">AAA [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_AAACreditRatingMember" xlink:to="mfc_AAACreditRatingMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_AACreditGradesMember" xlink:label="mfc_AACreditGradesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_AACreditGradesMember_lbl" xml:lang="en-US" id="id_12895287_2997740_3_1">AA credit grades.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_AACreditGradesMember_lbl" xml:lang="en-US" id="id_12895287_2997740_1_1">AA credit grades [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_AACreditGradesMember_lbl" xml:lang="en-US" id="id_12895287_2997740_2_1">AA [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_AACreditGradesMember" xlink:to="mfc_AACreditGradesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_AACreditGradesOrHigherMember" xlink:label="mfc_AACreditGradesOrHigherMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_AACreditGradesOrHigherMember_lbl" xml:lang="en-US" id="id_12895287_2999046_3_1">AA credit grades or higher.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_AACreditGradesOrHigherMember_lbl" xml:lang="en-US" id="id_12895287_2999046_1_1">AA Credit Grades Or Higher [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_AACreditGradesOrHigherMember_lbl" xml:lang="en-US" id="id_12895287_2999046_2_1">AA Credit Grades or Higher [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_AACreditGradesOrHigherMember" xlink:to="mfc_AACreditGradesOrHigherMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_AACreditRatingMember" xlink:label="mfc_AACreditRatingMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_AACreditRatingMember_lbl" xml:lang="en-US" id="id_12895287_2998219_3_1">AA credit rating.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_AACreditRatingMember_lbl" xml:lang="en-US" id="id_12895287_2998219_1_1">AA credit rating [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_AACreditRatingMember_lbl" xml:lang="en-US" id="id_12895287_2998219_2_1">AA [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_AACreditRatingMember" xlink:to="mfc_AACreditRatingMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AccountingEstimatesAxis" xlink:label="ifrs-full_AccountingEstimatesAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AccountingEstimatesAxis_lbl" xml:lang="en-US" id="id_12895287_2935321_1_1">Accounting estimates [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AccountingEstimatesAxis_lbl" xml:lang="en-US" id="id_12895287_2935321_2_1">Accounting estimates [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccountingEstimatesAxis" xlink:to="ifrs-full_AccountingEstimatesAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AccountingEstimatesMember" xlink:label="ifrs-full_AccountingEstimatesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AccountingEstimatesMember_lbl" xml:lang="en-US" id="id_12895287_2934346_1_1">Accounting estimates [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AccountingEstimatesMember_lbl" xml:lang="en-US" id="id_12895287_2934346_2_1">Accounting estimates [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccountingEstimatesMember" xlink:to="ifrs-full_AccountingEstimatesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AccruedIncome" xlink:label="ifrs-full_AccruedIncome"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AccruedIncome_lbl" xml:lang="en-US" id="id_12895287_2935527_1_1">Accrued income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AccruedIncome_lbl" xml:lang="en-US" id="id_12895287_2935527_2_1">Accrued investment income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccruedIncome" xlink:to="ifrs-full_AccruedIncome_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_AccruedInterestMember" xlink:label="mfc_AccruedInterestMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_AccruedInterestMember_lbl" xml:lang="en-US" id="id_12895287_2997745_3_1">Accrued interest.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_AccruedInterestMember_lbl" xml:lang="en-US" id="id_12895287_2997745_1_1">Accrued interest [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_AccruedInterestMember_lbl" xml:lang="en-US" id="id_12895287_2997745_2_1">Accrued interest [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_AccruedInterestMember" xlink:to="mfc_AccruedInterestMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_AccruedInvestmentIncomeMember" xlink:label="mfc_AccruedInvestmentIncomeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_AccruedInvestmentIncomeMember_lbl" xml:lang="en-US" id="id_12895287_2997733_3_1">Accrued investment income.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_AccruedInvestmentIncomeMember_lbl" xml:lang="en-US" id="id_12895287_2997733_1_1">Accrued investment income [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_AccruedInvestmentIncomeMember_lbl" xml:lang="en-US" id="id_12895287_2997733_2_1">Accrued investment income [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_AccruedInvestmentIncomeMember" xlink:to="mfc_AccruedInvestmentIncomeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:label="ifrs-full_AccumulatedDepreciationAndAmortisationMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AccumulatedDepreciationAndAmortisationMember_lbl" xml:lang="en-US" id="id_12895287_2934056_1_1">Accumulated depreciation and amortisation [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AccumulatedDepreciationAndAmortisationMember_lbl" xml:lang="en-US" id="id_12895287_2934056_2_1">Accumulated depreciation and amortisation [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:to="ifrs-full_AccumulatedDepreciationAndAmortisationMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AccumulatedImpairmentMember" xlink:label="ifrs-full_AccumulatedImpairmentMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AccumulatedImpairmentMember_lbl" xml:lang="en-US" id="id_12895287_2935326_1_1">Accumulated impairment [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AccumulatedImpairmentMember_lbl" xml:lang="en-US" id="id_12895287_2935326_2_1">Allowances for losses [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccumulatedImpairmentMember" xlink:to="ifrs-full_AccumulatedImpairmentMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AccumulatedOtherComprehensiveIncomeMember" xlink:label="ifrs-full_AccumulatedOtherComprehensiveIncomeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AccumulatedOtherComprehensiveIncomeMember_lbl" xml:lang="en-US" id="id_12895287_2935327_1_1">Accumulated other comprehensive income [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AccumulatedOtherComprehensiveIncomeMember_lbl" xml:lang="en-US" id="id_12895287_2935327_2_1">Shareholders' accumulated other comprehensive income (loss) ("AOCI") [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccumulatedOtherComprehensiveIncomeMember" xlink:to="ifrs-full_AccumulatedOtherComprehensiveIncomeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_AccumulatedOtherComprehensiveIncomeNetGainsLossesOnCashFlowHedges" xlink:label="mfc_AccumulatedOtherComprehensiveIncomeNetGainsLossesOnCashFlowHedges"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_AccumulatedOtherComprehensiveIncomeNetGainsLossesOnCashFlowHedges_lbl" xml:lang="en-US" id="id_12895287_2966997_3_1">Accumulated other comprehensive income net gains (losses) on cash flow hedges.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_AccumulatedOtherComprehensiveIncomeNetGainsLossesOnCashFlowHedges_lbl" xml:lang="en-US" id="id_12895287_2966997_1_1">Accumulated other comprehensive income net gains (losses) on cash flow hedges</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_AccumulatedOtherComprehensiveIncomeNetGainsLossesOnCashFlowHedges_lbl" xml:lang="en-US" id="id_12895287_2966997_14_1">Adjusted for AOCI loss on cash flow hedges</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_AccumulatedOtherComprehensiveIncomeNetGainsLossesOnCashFlowHedges" xlink:to="mfc_AccumulatedOtherComprehensiveIncomeNetGainsLossesOnCashFlowHedges_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" xlink:label="ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill_lbl" xml:lang="en-US" id="id_12895287_2935533_1_1">Acquisitions through business combinations, intangible assets and goodwill</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill_lbl" xml:lang="en-US" id="id_12895287_2935533_2_1">Total goodwill and intangible assets Additions/ Disposals</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill" xlink:to="ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ACreditGradesMember" xlink:label="mfc_ACreditGradesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ACreditGradesMember_lbl" xml:lang="en-US" id="id_12895287_2997741_3_1">A credit grades.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ACreditGradesMember_lbl" xml:lang="en-US" id="id_12895287_2997741_1_1">A credit grades [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ACreditGradesMember_lbl" xml:lang="en-US" id="id_12895287_2997741_2_1">A [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ACreditGradesMember" xlink:to="mfc_ACreditGradesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ACreditRatingMember" xlink:label="mfc_ACreditRatingMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ACreditRatingMember_lbl" xml:lang="en-US" id="id_12895287_2998220_3_1">A credit rating.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ACreditRatingMember_lbl" xml:lang="en-US" id="id_12895287_2998220_1_1">A credit rating [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ACreditRatingMember_lbl" xml:lang="en-US" id="id_12895287_2998220_2_1">A [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ACreditRatingMember" xlink:to="mfc_ACreditRatingMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ActiveMember" xlink:label="mfc_ActiveMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ActiveMember_lbl" xml:lang="en-US" id="id_12895287_2998197_3_1">Active members.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ActiveMember_lbl" xml:lang="en-US" id="id_12895287_2998197_1_1">Active [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ActiveMember_lbl" xml:lang="en-US" id="id_12895287_2998197_2_1">Active [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ActiveMember" xlink:to="mfc_ActiveMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ActuarialAssumptionOfDecreaseInInflationRatesMember" xlink:label="mfc_ActuarialAssumptionOfDecreaseInInflationRatesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ActuarialAssumptionOfDecreaseInInflationRatesMember_lbl" xml:lang="en-US" id="id_12895287_2995289_3_1">Actuarial assumption of decrease in inflation rates [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ActuarialAssumptionOfDecreaseInInflationRatesMember_lbl" xml:lang="en-US" id="id_12895287_2995289_1_1">Actuarial assumption of decrease in inflation rates [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ActuarialAssumptionOfDecreaseInInflationRatesMember_lbl" xml:lang="en-US" id="id_12895287_2995289_2_1">Actuarial assumption of decrease in inflation rates [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ActuarialAssumptionOfDecreaseInInflationRatesMember" xlink:to="mfc_ActuarialAssumptionOfDecreaseInInflationRatesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ActuarialAssumptionOfDiscountRates" xlink:label="ifrs-full_ActuarialAssumptionOfDiscountRates"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ActuarialAssumptionOfDiscountRates_lbl" xml:lang="en-US" id="id_12895287_2934357_1_1">Actuarial assumption of discount rates</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ActuarialAssumptionOfDiscountRates_lbl" xml:lang="en-US" id="id_12895287_2934357_2_1">Discount rate</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ActuarialAssumptionsAdditionalInformationAxis_lbl" xml:lang="en-US" id="id_12895287_2980417_3_1">Actuarial Assumptions Additional Information [Axis]</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ActuarialAssumptionsAxis" xlink:label="ifrs-full_ActuarialAssumptionsAxis"/>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset"/>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset"/>
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    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ActuarialGainsLossesArisingFromExperienceNetDefinedBenefitLiabilityAsset" xlink:label="mfc_ActuarialGainsLossesArisingFromExperienceNetDefinedBenefitLiabilityAsset"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ActuarialGainsLossesArisingFromExperienceNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2962534_3_1">Actuarial gains (losses) arising from experience, net defined benefit liability (asset).</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ActuarialGainsLossesArisingFromExperienceNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2962534_1_1">Actuarial gains (losses) arising from experience, net defined benefit liability (asset)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ActuarialGainsLossesArisingFromExperienceNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2962534_2_1">Experience</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ActuarialLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2997542_3_1">Actuarial liabilities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ActuarialLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2997542_1_1">Actuarial Liabilities [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ActuarialLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2997542_2_1">Actuarial liabilities [Member]</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdditionalPaidinCapital" xlink:label="ifrs-full_AdditionalPaidinCapital"/>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdditionalPaidinCapitalMember" xlink:label="ifrs-full_AdditionalPaidinCapitalMember"/>
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    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_AddressOfSubsidiary" xlink:label="mfc_AddressOfSubsidiary"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_AddressOfSubsidiary_lbl" xml:lang="en-US" id="id_12895287_2975678_3_1">Address of subsidiary.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_AddressOfSubsidiary_lbl" xml:lang="en-US" id="id_12895287_2975678_1_1">Address of Subsidiary</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_AddressOfSubsidiary_lbl" xml:lang="en-US" id="id_12895287_2975678_2_1">Address</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_AddressOfSubsidiary" xlink:to="mfc_AddressOfSubsidiary_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustedWeightedAverageShares" xlink:label="ifrs-full_AdjustedWeightedAverageShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustedWeightedAverageShares_lbl" xml:lang="en-US" id="id_12895287_2935042_1_1">Adjusted weighted average number of ordinary shares outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_AdjustedWeightedAverageShares_lbl" xml:lang="en-US" id="id_12895287_2935042_6_1">Weighted average number of diluted common shares (in millions)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustedWeightedAverageShares" xlink:to="ifrs-full_AdjustedWeightedAverageShares_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForAmortisationExpense" xlink:label="ifrs-full_AdjustmentsForAmortisationExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForAmortisationExpense_lbl" xml:lang="en-US" id="id_12895287_2935545_1_1">Adjustments for amortisation expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForAmortisationExpense_lbl" xml:lang="en-US" id="id_12895287_2935545_2_1">Other amortization</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForAmortisationExpense" xlink:to="ifrs-full_AdjustmentsForAmortisationExpense_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_AdjustmentsForAmortisationOfPremiumOrDiscountOnInvestedAssets" xlink:label="mfc_AdjustmentsForAmortisationOfPremiumOrDiscountOnInvestedAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_AdjustmentsForAmortisationOfPremiumOrDiscountOnInvestedAssets_lbl" xml:lang="en-US" id="id_12895287_2962201_3_1">Adjustments for amortisation of premium or discount on invested assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_AdjustmentsForAmortisationOfPremiumOrDiscountOnInvestedAssets_lbl" xml:lang="en-US" id="id_12895287_2962201_1_1">Adjustments for amortisation of premium or discount on invested assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_AdjustmentsForAmortisationOfPremiumOrDiscountOnInvestedAssets_lbl" xml:lang="en-US" id="id_12895287_2962201_2_1">Amortization of (premium) discount on invested assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_AdjustmentsForAmortisationOfPremiumOrDiscountOnInvestedAssets" xlink:to="mfc_AdjustmentsForAmortisationOfPremiumOrDiscountOnInvestedAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod" xlink:label="ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod_lbl" xml:lang="en-US" id="id_12895287_2935546_1_1">Adjustments for current tax of prior periods</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod_lbl" xml:lang="en-US" id="id_12895287_2935546_2_1">Adjustments to prior year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod" xlink:to="ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForDeferredTaxExpense" xlink:label="ifrs-full_AdjustmentsForDeferredTaxExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForDeferredTaxExpense_lbl" xml:lang="en-US" id="id_12895287_2935550_1_1">Adjustments for deferred tax expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForDeferredTaxExpense_lbl" xml:lang="en-US" id="id_12895287_2935550_2_1">Deferred income tax expense (recovery)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForDeferredTaxExpense_lbl" xml:lang="en-US" id="id_12895287_2935550_12_1">Deferred income tax recovery</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDeferredTaxExpense" xlink:to="ifrs-full_AdjustmentsForDeferredTaxExpense_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_AdjustmentsForIncreaseDecreaseInReinsuranceAssetsExcludingTheImpactOfClosedBlockReinsuranceTransaction" xlink:label="mfc_AdjustmentsForIncreaseDecreaseInReinsuranceAssetsExcludingTheImpactOfClosedBlockReinsuranceTransaction"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_AdjustmentsForIncreaseDecreaseInReinsuranceAssetsExcludingTheImpactOfClosedBlockReinsuranceTransaction_lbl" xml:lang="en-US" id="id_12895287_2962179_3_1">Adjustments for increase decrease in reinsurance assets excluding the impact of closed block reinsurance transaction.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_AdjustmentsForIncreaseDecreaseInReinsuranceAssetsExcludingTheImpactOfClosedBlockReinsuranceTransaction_lbl" xml:lang="en-US" id="id_12895287_2962179_1_1">Adjustments for increase decrease in reinsurance assets excluding the impact of Closed Block reinsurance transaction</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_AdjustmentsForIncreaseDecreaseInReinsuranceAssetsExcludingTheImpactOfClosedBlockReinsuranceTransaction_lbl" xml:lang="en-US" id="id_12895287_2962179_2_1">(Increase) decrease in reinsurance assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_AdjustmentsForIncreaseDecreaseInReinsuranceAssetsExcludingTheImpactOfClosedBlockReinsuranceTransaction" xlink:to="mfc_AdjustmentsForIncreaseDecreaseInReinsuranceAssetsExcludingTheImpactOfClosedBlockReinsuranceTransaction_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_AdjustmentsForNetRealizedAndUnrealizedGainsLossesAndImpairmentsOnAssets" xlink:label="mfc_AdjustmentsForNetRealizedAndUnrealizedGainsLossesAndImpairmentsOnAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_AdjustmentsForNetRealizedAndUnrealizedGainsLossesAndImpairmentsOnAssets_lbl" xml:lang="en-US" id="id_12895287_2963200_3_1">Adjustments for net realized and unrealized gains (losses) and impairments on assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_AdjustmentsForNetRealizedAndUnrealizedGainsLossesAndImpairmentsOnAssets_lbl" xml:lang="en-US" id="id_12895287_2963200_1_1">Adjustments for Net Realized and Unrealized Gains Losses and Impairments on Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_AdjustmentsForNetRealizedAndUnrealizedGainsLossesAndImpairmentsOnAssets_lbl" xml:lang="en-US" id="id_12895287_2963200_2_1">Net realized and unrealized (gains) losses and impairment on assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_AdjustmentsForNetRealizedAndUnrealizedGainsLossesAndImpairmentsOnAssets" xlink:to="mfc_AdjustmentsForNetRealizedAndUnrealizedGainsLossesAndImpairmentsOnAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:label="ifrs-full_AdjustmentsForReconcileProfitLossAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForReconcileProfitLossAbstract_lbl" xml:lang="en-US" id="id_12895287_2934075_1_1">Adjustments to reconcile profit (loss) [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForReconcileProfitLossAbstract_lbl" xml:lang="en-US" id="id_12895287_2934075_2_1">Adjustments:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:to="ifrs-full_AdjustmentsForReconcileProfitLossAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForSharebasedPayments" xlink:label="ifrs-full_AdjustmentsForSharebasedPayments"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForSharebasedPayments_lbl" xml:lang="en-US" id="id_12895287_2935561_1_1">Adjustments for share-based payments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForSharebasedPayments_lbl" xml:lang="en-US" id="id_12895287_2935561_2_1">Stock option expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForSharebasedPayments" xlink:to="ifrs-full_AdjustmentsForSharebasedPayments_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_AdministrationCostsNetDefinedBenefitLiabilityAsset" xlink:label="mfc_AdministrationCostsNetDefinedBenefitLiabilityAsset"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_AdministrationCostsNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2962529_3_1">Administration costs, net defined benefit liability (asset).</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_AdministrationCostsNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2962529_1_1">Administration costs, net defined benefit liability (asset)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_AdministrationCostsNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2962529_2_1">Administration costs</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_AdministrationCostsNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2962529_14_1">Defined benefit administrative expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_AdministrationCostsNetDefinedBenefitLiabilityAsset" xlink:to="mfc_AdministrationCostsNetDefinedBenefitLiabilityAsset_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_AfterDecemberThirtyOneTwoThousandNineteenMember" xlink:label="mfc_AfterDecemberThirtyOneTwoThousandNineteenMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_AfterDecemberThirtyOneTwoThousandNineteenMember_lbl" xml:lang="en-US" id="id_12895287_2997842_3_1">After December thirty one two thousand nineteen.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_AfterDecemberThirtyOneTwoThousandNineteenMember_lbl" xml:lang="en-US" id="id_12895287_2997842_1_1">After december thirty one two thousand nineteen [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_AfterDecemberThirtyOneTwoThousandNineteenMember_lbl" xml:lang="en-US" id="id_12895287_2997842_2_1">After December 31, 2019 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_AfterDecemberThirtyOneTwoThousandNineteenMember" xlink:to="mfc_AfterDecemberThirtyOneTwoThousandNineteenMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AggregatedMeasurementMember" xlink:label="ifrs-full_AggregatedMeasurementMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AggregatedMeasurementMember_lbl" xml:lang="en-US" id="id_12895287_2935567_1_1">Aggregated measurement [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AggregatedMeasurementMember_lbl" xml:lang="en-US" id="id_12895287_2935567_2_1">Aggregated measurement [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AggregatedMeasurementMember" xlink:to="ifrs-full_AggregatedMeasurementMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AggregatedTimeBandsMember" xlink:label="ifrs-full_AggregatedTimeBandsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AggregatedTimeBandsMember_lbl" xml:lang="en-US" id="id_12895287_2935069_1_1">Aggregated time bands [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AggregatedTimeBandsMember_lbl" xml:lang="en-US" id="id_12895287_2935069_2_1">Aggregated time bands [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AggregatedTimeBandsMember" xlink:to="ifrs-full_AggregatedTimeBandsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_AgriculturalMortgagesMember" xlink:label="mfc_AgriculturalMortgagesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_AgriculturalMortgagesMember_lbl" xml:lang="en-US" id="id_12895287_2997694_3_1">Agricultural mortgages.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_AgriculturalMortgagesMember_lbl" xml:lang="en-US" id="id_12895287_2997694_1_1">Agricultural mortgages [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_AgriculturalMortgagesMember_lbl" xml:lang="en-US" id="id_12895287_2997694_2_1">Agricultural mortgages [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_AgriculturalMortgagesMember" xlink:to="mfc_AgriculturalMortgagesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ALDAAndPublicEquityInvestmentReturnAssumptionsMember" xlink:label="mfc_ALDAAndPublicEquityInvestmentReturnAssumptionsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ALDAAndPublicEquityInvestmentReturnAssumptionsMember_lbl" xml:lang="en-US" id="id_12895287_3030889_3_1">ALDA and Public Equity Investment Return Assumptions [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ALDAAndPublicEquityInvestmentReturnAssumptionsMember_lbl" xml:lang="en-US" id="id_12895287_3030889_1_1">ALDA and Public Equity Investment Return Assumptions [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ALDAAndPublicEquityInvestmentReturnAssumptionsMember_lbl" xml:lang="en-US" id="id_12895287_3030889_2_1">ALDA and Public Equity Investment Return Assumptions [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ALDAAndPublicEquityInvestmentReturnAssumptionsMember" xlink:to="mfc_ALDAAndPublicEquityInvestmentReturnAssumptionsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AllLevelsOfFairValueHierarchyMember" xlink:label="ifrs-full_AllLevelsOfFairValueHierarchyMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AllLevelsOfFairValueHierarchyMember_lbl" xml:lang="en-US" id="id_12895287_2934080_1_1">All levels of fair value hierarchy [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AllLevelsOfFairValueHierarchyMember_lbl" xml:lang="en-US" id="id_12895287_2934080_2_1">All levels of fair value hierarchy [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AllLevelsOfFairValueHierarchyMember" xlink:to="ifrs-full_AllLevelsOfFairValueHierarchyMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" xlink:label="ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2935571_1_1">Allowance account for credit losses of financial assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2935571_4_1">Ending balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2935571_5_1">Beginning balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_AlternativeLongDurationAssetPerformanceRiskMember" xlink:label="mfc_AlternativeLongDurationAssetPerformanceRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_AlternativeLongDurationAssetPerformanceRiskMember_lbl" xml:lang="en-US" id="id_12895287_2999264_3_1">Alternative long duration asset performance risk.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_AlternativeLongDurationAssetPerformanceRiskMember_lbl" xml:lang="en-US" id="id_12895287_2999264_1_1">Alternative Long Duration Asset Performance Risk [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_AlternativeLongDurationAssetPerformanceRiskMember_lbl" xml:lang="en-US" id="id_12895287_2999264_2_1">Alternative Long-Duration Asset Performance Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_AlternativeLongDurationAssetPerformanceRiskMember" xlink:to="mfc_AlternativeLongDurationAssetPerformanceRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_AlternativeLongdurationAssetPerformanceRiskSensitivitiesAndExposureMeasuresExplanatory" xlink:label="mfc_AlternativeLongdurationAssetPerformanceRiskSensitivitiesAndExposureMeasuresExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_AlternativeLongdurationAssetPerformanceRiskSensitivitiesAndExposureMeasuresExplanatory_lbl" xml:lang="en-US" id="id_12895287_3017065_3_1">Description of accounting policy for alternative long-duration asset performance risk sensitivities and exposure measures.</label>
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    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_AlternativeLongdurationAssetsMember" xlink:label="mfc_AlternativeLongdurationAssetsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_AlternativeLongdurationAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2996970_3_1">Alternative long-duration assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_AlternativeLongdurationAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2996970_1_1">Alternative long-duration assets [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_AlternativeLongdurationAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2996970_2_1">Alternative long-duration assets [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_AlternativeLongdurationAssetsMember" xlink:to="mfc_AlternativeLongdurationAssetsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US" id="id_12895287_2934497_1_1">Amendment Flag</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US" id="id_12895287_2934497_2_1">Amendment Flag</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AmortisationExpense" xlink:label="ifrs-full_AmortisationExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AmortisationExpense_lbl" xml:lang="en-US" id="id_12895287_2935573_1_1">Amortisation expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AmortisationExpense_lbl" xml:lang="en-US" id="id_12895287_2935573_2_1">Amortization expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AmortisationExpense" xlink:to="ifrs-full_AmortisationExpense_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AmountByWhichLoansOrReceivablesRelatedCreditDerivativesOrSimilarInstrumentsMitigateMaximumExposureToCreditRisk" xlink:label="ifrs-full_AmountByWhichLoansOrReceivablesRelatedCreditDerivativesOrSimilarInstrumentsMitigateMaximumExposureToCreditRisk"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AmountByWhichLoansOrReceivablesRelatedCreditDerivativesOrSimilarInstrumentsMitigateMaximumExposureToCreditRisk_lbl" xml:lang="en-US" id="id_12895287_2934082_1_1">Amount by which loans or receivables related credit derivatives or similar instruments mitigate maximum exposure to credit risk</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AmountByWhichLoansOrReceivablesRelatedCreditDerivativesOrSimilarInstrumentsMitigateMaximumExposureToCreditRisk_lbl" xml:lang="en-US" id="id_12895287_2934082_2_1">Mitigated exposure to credit risk</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AmountByWhichLoansOrReceivablesRelatedCreditDerivativesOrSimilarInstrumentsMitigateMaximumExposureToCreditRisk" xlink:to="ifrs-full_AmountByWhichLoansOrReceivablesRelatedCreditDerivativesOrSimilarInstrumentsMitigateMaximumExposureToCreditRisk_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AmountsArisingFromInsuranceContractsAxis" xlink:label="ifrs-full_AmountsArisingFromInsuranceContractsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AmountsArisingFromInsuranceContractsAxis_lbl" xml:lang="en-US" id="id_12895287_2935578_1_1">Amounts arising from insurance contracts [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AmountsArisingFromInsuranceContractsAxis_lbl" xml:lang="en-US" id="id_12895287_2935578_2_1">Amounts arising from insurance contracts [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AmountsArisingFromInsuranceContractsAxis" xlink:to="ifrs-full_AmountsArisingFromInsuranceContractsAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AmountsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" xlink:label="ifrs-full_AmountsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AmountsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities_lbl" xml:lang="en-US" id="id_12895287_2934093_1_1">Amounts subject to enforceable master netting arrangement or similar agreement not set off against financial liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_AmountsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities_lbl" xml:lang="en-US" id="id_12895287_2934093_14_1">Amounts subject to an enforceable netting arrangement</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AmountsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" xlink:to="ifrs-full_AmountsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AnalysisOfFinancialAssetsThatAreIndividuallyDeterminedToBeImpaired" xlink:label="ifrs-full_AnalysisOfFinancialAssetsThatAreIndividuallyDeterminedToBeImpaired"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AnalysisOfFinancialAssetsThatAreIndividuallyDeterminedToBeImpaired_lbl" xml:lang="en-US" id="id_12895287_2935080_1_1">Analysis of financial assets that are individually determined to be impaired [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AnalysisOfFinancialAssetsThatAreIndividuallyDeterminedToBeImpaired_lbl" xml:lang="en-US" id="id_12895287_2935080_2_1">Summary of Company's Loans That are Considered Impaired</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AnalysisOfFinancialAssetsThatAreIndividuallyDeterminedToBeImpaired" xlink:to="ifrs-full_AnalysisOfFinancialAssetsThatAreIndividuallyDeterminedToBeImpaired_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_AnnuitiesAndPensionsMember" xlink:label="mfc_AnnuitiesAndPensionsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_AnnuitiesAndPensionsMember_lbl" xml:lang="en-US" id="id_12895287_2996954_3_1">Annuities and pensions.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_AnnuitiesAndPensionsMember_lbl" xml:lang="en-US" id="id_12895287_2996954_1_1">Annuities and pensions [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_AnnuitiesAndPensionsMember_lbl" xml:lang="en-US" id="id_12895287_2996954_2_1">Annuities and pensions [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_AnnuitiesAndPensionsMember" xlink:to="mfc_AnnuitiesAndPensionsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_AnnuityPaymentsMember" xlink:label="mfc_AnnuityPaymentsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_AnnuityPaymentsMember_lbl" xml:lang="en-US" id="id_12895287_2997616_3_1">The member stands for annuity payments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_AnnuityPaymentsMember_lbl" xml:lang="en-US" id="id_12895287_2997616_1_1">Annuity payments [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_AnnuityPaymentsMember_lbl" xml:lang="en-US" id="id_12895287_2997616_2_1">Annuity payments [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_AnnuityPaymentsMember" xlink:to="mfc_AnnuityPaymentsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_AntidilutiveSecuritiesWithPotentialFutureDilutiveEffectNotIncludedInCalculationOfDilutedEarningsPerShare" xlink:label="mfc_AntidilutiveSecuritiesWithPotentialFutureDilutiveEffectNotIncludedInCalculationOfDilutedEarningsPerShare"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_AntidilutiveSecuritiesWithPotentialFutureDilutiveEffectNotIncludedInCalculationOfDilutedEarningsPerShare_lbl" xml:lang="en-US" id="id_12895287_2974361_3_1">Antidilutive securities with potential future dilutive effect not included in calculation of diluted earnings per share.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_AntidilutiveSecuritiesWithPotentialFutureDilutiveEffectNotIncludedInCalculationOfDilutedEarningsPerShare_lbl" xml:lang="en-US" id="id_12895287_2974361_1_1">Antidilutive securities with potential future dilutive effect not included in calculation of diluted earnings per share</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_AntidilutiveSecuritiesWithPotentialFutureDilutiveEffectNotIncludedInCalculationOfDilutedEarningsPerShare_lbl" xml:lang="en-US" id="id_12895287_2974361_2_1">Anti-dilutive stock-based awards excluded from the calculation of EPS</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_AntidilutiveSecuritiesWithPotentialFutureDilutiveEffectNotIncludedInCalculationOfDilutedEarningsPerShare" xlink:to="mfc_AntidilutiveSecuritiesWithPotentialFutureDilutiveEffectNotIncludedInCalculationOfDilutedEarningsPerShare_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ApplicableTaxRate" xlink:label="ifrs-full_ApplicableTaxRate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ApplicableTaxRate_lbl" xml:lang="en-US" id="id_12895287_2935585_1_1">Applicable tax rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ApplicableTaxRate_lbl" xml:lang="en-US" id="id_12895287_2935585_2_1">Corporate tax rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ApplicableTaxRate" xlink:to="ifrs-full_ApplicableTaxRate_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_AsiaAndOtherMember" xlink:label="mfc_AsiaAndOtherMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_AsiaAndOtherMember_lbl" xml:lang="en-US" id="id_12895287_2997975_3_1">Asia and Other.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_AsiaAndOtherMember_lbl" xml:lang="en-US" id="id_12895287_2997975_1_1">Asia and Other [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_AsiaAndOtherMember_lbl" xml:lang="en-US" id="id_12895287_2997975_2_1">Asia and Other [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_AsiaAndOtherMember" xlink:to="mfc_AsiaAndOtherMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_AsiaDivisionMember" xlink:label="mfc_AsiaDivisionMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_AsiaDivisionMember_lbl" xml:lang="en-US" id="id_12895287_2998231_3_1">Asia division.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_AsiaDivisionMember_lbl" xml:lang="en-US" id="id_12895287_2998231_1_1">Asia Division [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_AsiaDivisionMember_lbl" xml:lang="en-US" id="id_12895287_2998231_2_1">Asia Division [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_AsiaDivisionMember" xlink:to="mfc_AsiaDivisionMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_AsiaExcludingHongKongAndJapanMember" xlink:label="mfc_AsiaExcludingHongKongAndJapanMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_AsiaExcludingHongKongAndJapanMember_lbl" xml:lang="en-US" id="id_12895287_3032402_3_1">Asia excluding Hong Kong and Japan [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_AsiaExcludingHongKongAndJapanMember_lbl" xml:lang="en-US" id="id_12895287_3032402_1_1">Asia excluding Hong Kong and Japan [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_AsiaExcludingHongKongAndJapanMember_lbl" xml:lang="en-US" id="id_12895287_3032402_2_1">Asia excluding Hong Kong and Japan [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_AsiaExcludingHongKongAndJapanMember" xlink:to="mfc_AsiaExcludingHongKongAndJapanMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AsiaMember" xlink:label="us-gaap_AsiaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AsiaMember_lbl" xml:lang="en-US" id="id_12895287_2916846_1_1">Asia [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AsiaMember_lbl" xml:lang="en-US" id="id_12895287_2916846_2_1">Asia [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AsiaMember" xlink:to="us-gaap_AsiaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetBackedSecuritiesMember" xlink:label="us-gaap_AssetBackedSecuritiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetBackedSecuritiesMember_lbl" xml:lang="en-US" id="id_12895287_2917033_1_1">Asset-backed Securities [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetBackedSecuritiesMember_lbl" xml:lang="en-US" id="id_12895287_2917033_2_1">ABS [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetBackedSecuritiesMember" xlink:to="us-gaap_AssetBackedSecuritiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_AssetClassesAndIndividualInvestmentRisksMember" xlink:label="mfc_AssetClassesAndIndividualInvestmentRisksMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_AssetClassesAndIndividualInvestmentRisksMember_lbl" xml:lang="en-US" id="id_12895287_2997662_3_1">The member stands for asset classes and individual investment risks.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_AssetClassesAndIndividualInvestmentRisksMember_lbl" xml:lang="en-US" id="id_12895287_2997662_1_1">Asset classes and individual investment risks [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_AssetClassesAndIndividualInvestmentRisksMember_lbl" xml:lang="en-US" id="id_12895287_2997662_2_1">Asset classes and individual investment risks [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_AssetClassesAndIndividualInvestmentRisksMember" xlink:to="mfc_AssetClassesAndIndividualInvestmentRisksMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_AssetLiabilityManagementRiskManagementStrategy" xlink:label="mfc_AssetLiabilityManagementRiskManagementStrategy"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_AssetLiabilityManagementRiskManagementStrategy_lbl" xml:lang="en-US" id="id_12895287_3012790_3_1">Percentage of asset liability management risk management strategy.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_AssetLiabilityManagementRiskManagementStrategy_lbl" xml:lang="en-US" id="id_12895287_3012790_1_1">Asset Liability Management Risk Management Strategy</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_AssetLiabilityManagementRiskManagementStrategy_lbl" xml:lang="en-US" id="id_12895287_3012790_2_1">Asset liability management</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_AssetLiabilityManagementRiskManagementStrategy" xlink:to="mfc_AssetLiabilityManagementRiskManagementStrategy_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Assets" xlink:label="ifrs-full_Assets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Assets_lbl" xml:lang="en-US" id="id_12895287_2935592_1_1">Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_Assets_lbl" xml:lang="en-US" id="id_12895287_2935592_4_1">Asset at end of period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_Assets_lbl" xml:lang="en-US" id="id_12895287_2935592_5_1">Asset Beginning of period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="ifrs-full_Assets_lbl" xml:lang="en-US" id="id_12895287_2935592_32_1">Total assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Assets_lbl" xml:lang="en-US" id="id_12895287_2935592_2_1">Carrying value of total assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_Assets_lbl" xml:lang="en-US" id="id_12895287_2935592_6_1">Total assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_Assets_lbl" xml:lang="en-US" id="id_12895287_2935592_12_1">Fair value of securitized assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Assets" xlink:to="ifrs-full_Assets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AssetsAbstract" xlink:label="ifrs-full_AssetsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AssetsAbstract_lbl" xml:lang="en-US" id="id_12895287_2935082_1_1">Assets [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AssetsAbstract_lbl" xml:lang="en-US" id="id_12895287_2935082_2_1">Assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsAbstract" xlink:to="ifrs-full_AssetsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_AssetsAndInsuranceContractLiabilitiesRelatedToClosedBlocksParticipatingPolicies" xlink:label="mfc_AssetsAndInsuranceContractLiabilitiesRelatedToClosedBlocksParticipatingPolicies"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_AssetsAndInsuranceContractLiabilitiesRelatedToClosedBlocksParticipatingPolicies_lbl" xml:lang="en-US" id="id_12895287_2963225_3_1">Assets and insurance contract liabilities related to closed blocks participating policies.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_AssetsAndInsuranceContractLiabilitiesRelatedToClosedBlocksParticipatingPolicies_lbl" xml:lang="en-US" id="id_12895287_2963225_1_1">Assets And Insurance Contract Liabilities Related To Closed Blocks Participating Policies</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_AssetsAndInsuranceContractLiabilitiesRelatedToClosedBlocksParticipatingPolicies_lbl" xml:lang="en-US" id="id_12895287_2963225_2_1">Assets and insurance contract liabilities related to closed blocks participating policies</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_AssetsAndInsuranceContractLiabilitiesRelatedToClosedBlocksParticipatingPolicies" xlink:to="mfc_AssetsAndInsuranceContractLiabilitiesRelatedToClosedBlocksParticipatingPolicies_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AssetsAndLiabilitiesAxis" xlink:label="ifrs-full_AssetsAndLiabilitiesAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AssetsAndLiabilitiesAxis_lbl" xml:lang="en-US" id="id_12895287_2935593_1_1">Assets and liabilities [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AssetsAndLiabilitiesAxis_lbl" xml:lang="en-US" id="id_12895287_2935593_2_1">Assets and liabilities [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsAndLiabilitiesAxis" xlink:to="ifrs-full_AssetsAndLiabilitiesAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AssetsAndLiabilitiesMember" xlink:label="ifrs-full_AssetsAndLiabilitiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AssetsAndLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2935594_1_1">Assets and liabilities [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AssetsAndLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2935594_2_1">Assets and liabilities [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsAndLiabilitiesMember" xlink:to="ifrs-full_AssetsAndLiabilitiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities" xlink:label="ifrs-full_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities_lbl" xml:lang="en-US" id="id_12895287_2935393_1_1">Assets recognised in entity's financial statements in relation to structured entities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities_lbl" xml:lang="en-US" id="id_12895287_2935393_2_1">Company's investment</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities_lbl" xml:lang="en-US" id="id_12895287_2935393_12_1">Consolidated timber assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities" xlink:to="ifrs-full_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AssetsUnderReinsuranceCeded" xlink:label="ifrs-full_AssetsUnderReinsuranceCeded"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AssetsUnderReinsuranceCeded_lbl" xml:lang="en-US" id="id_12895287_2935394_1_1">Assets under reinsurance ceded</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AssetsUnderReinsuranceCeded_lbl" xml:lang="en-US" id="id_12895287_2935394_2_1">Reinsurance assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AssetsUnderReinsuranceCeded_lbl" xml:lang="en-US" id="id_12895287_2935394_12_1">Total reinsurance ceded</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsUnderReinsuranceCeded" xlink:to="ifrs-full_AssetsUnderReinsuranceCeded_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AtFairValueMember" xlink:label="ifrs-full_AtFairValueMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AtFairValueMember_lbl" xml:lang="en-US" id="id_12895287_2934104_1_1">At fair value [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AtFairValueMember_lbl" xml:lang="en-US" id="id_12895287_2934104_2_1">Fair value [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AtFairValueMember" xlink:to="ifrs-full_AtFairValueMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AvailableforsaleFinancialAssetsAbstract" xlink:label="ifrs-full_AvailableforsaleFinancialAssetsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AvailableforsaleFinancialAssetsAbstract_lbl" xml:lang="en-US" id="id_12895287_2934106_1_1">Available-for-sale financial assets [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AvailableforsaleFinancialAssetsAbstract_lbl" xml:lang="en-US" id="id_12895287_2934106_2_1">Available-for-sale financial securities:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AvailableforsaleFinancialAssetsAbstract" xlink:to="ifrs-full_AvailableforsaleFinancialAssetsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AverageEffectiveTaxRate" xlink:label="ifrs-full_AverageEffectiveTaxRate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AverageEffectiveTaxRate_lbl" xml:lang="en-US" id="id_12895287_2935604_1_1">Average effective tax rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AverageEffectiveTaxRate_lbl" xml:lang="en-US" id="id_12895287_2935604_2_1">Effective income tax rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AverageEffectiveTaxRate" xlink:to="ifrs-full_AverageEffectiveTaxRate_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_BalancedFunds1Member" xlink:label="mfc_BalancedFunds1Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_BalancedFunds1Member_lbl" xml:lang="en-US" id="id_12895287_3007714_3_1">Balanced funds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_BalancedFunds1Member_lbl" xml:lang="en-US" id="id_12895287_3007714_1_1">Balanced funds 1 [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_BalancedFunds1Member_lbl" xml:lang="en-US" id="id_12895287_3007714_2_1">Balanced funds [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_BalancedFunds1Member" xlink:to="mfc_BalancedFunds1Member_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_BAndLowerCreditGradesMember" xlink:label="mfc_BAndLowerCreditGradesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_BAndLowerCreditGradesMember_lbl" xml:lang="en-US" id="id_12895287_2997737_3_1">B and lower credit grades.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_BAndLowerCreditGradesMember_lbl" xml:lang="en-US" id="id_12895287_2997737_1_1">B and lower credit grades [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_BAndLowerCreditGradesMember_lbl" xml:lang="en-US" id="id_12895287_2997737_2_1">B and lower [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_BAndLowerCreditGradesMember" xlink:to="mfc_BAndLowerCreditGradesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BasicEarningsLossPerShare" xlink:label="ifrs-full_BasicEarningsLossPerShare"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BasicEarningsLossPerShare_lbl" xml:lang="en-US" id="id_12895287_2935613_1_1">Basic earnings (loss) per share</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BasicEarningsLossPerShare_lbl" xml:lang="en-US" id="id_12895287_2935613_2_1">Basic earnings per common share</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_BasicEarningsLossPerShare_lbl" xml:lang="en-US" id="id_12895287_2935613_12_1">Basic earnings per common share (note 13)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BasicEarningsLossPerShare" xlink:to="ifrs-full_BasicEarningsLossPerShare_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_BasicMaterialsMember" xlink:label="mfc_BasicMaterialsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_BasicMaterialsMember_lbl" xml:lang="en-US" id="id_12895287_2997675_3_1">Basic materials.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_BasicMaterialsMember_lbl" xml:lang="en-US" id="id_12895287_2997675_1_1">Basic materials [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_BasicMaterialsMember_lbl" xml:lang="en-US" id="id_12895287_2997675_2_1">Basic materials [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_BasicMaterialsMember" xlink:to="mfc_BasicMaterialsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_BasisSpreadOnDividendYieldPercentage" xlink:label="mfc_BasisSpreadOnDividendYieldPercentage"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_BasisSpreadOnDividendYieldPercentage_lbl" xml:lang="en-US" id="id_12895287_3022697_3_1">Basis spread on dividend yield percentage.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_BasisSpreadOnDividendYieldPercentage_lbl" xml:lang="en-US" id="id_12895287_3022697_1_1">Basis spread on dividend yield percentage</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_BasisSpreadOnDividendYieldPercentage_lbl" xml:lang="en-US" id="id_12895287_3022697_2_1">Basis spread on dividend rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_BasisSpreadOnDividendYieldPercentage" xlink:to="mfc_BasisSpreadOnDividendYieldPercentage_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_BasisSpreadOnDividendYieldVariable" xlink:label="mfc_BasisSpreadOnDividendYieldVariable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_BasisSpreadOnDividendYieldVariable_lbl" xml:lang="en-US" id="id_12895287_2975615_3_1">Basis spread on dividend yield variable.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_BasisSpreadOnDividendYieldVariable_lbl" xml:lang="en-US" id="id_12895287_2975615_1_1">Basis spread on dividend yield variable</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_BasisSpreadOnDividendYieldVariable_lbl" xml:lang="en-US" id="id_12895287_2975615_2_1">Floating dividend rate, description</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_BasisSpreadOnDividendYieldVariable" xlink:to="mfc_BasisSpreadOnDividendYieldVariable_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_BBAndBelowCreditRatingMember" xlink:label="mfc_BBAndBelowCreditRatingMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_BBAndBelowCreditRatingMember_lbl" xml:lang="en-US" id="id_12895287_2999027_3_1">BB and below credit rating.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_BBAndBelowCreditRatingMember_lbl" xml:lang="en-US" id="id_12895287_2999027_1_1">BB and Below Credit Rating [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_BBAndBelowCreditRatingMember_lbl" xml:lang="en-US" id="id_12895287_2999027_2_1">BB and below [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_BBAndBelowCreditRatingMember" xlink:to="mfc_BBAndBelowCreditRatingMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_BBBCreditGradesMember" xlink:label="mfc_BBBCreditGradesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_BBBCreditGradesMember_lbl" xml:lang="en-US" id="id_12895287_2997742_3_1">BBB credit grades.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_BBBCreditGradesMember_lbl" xml:lang="en-US" id="id_12895287_2997742_1_1">BBB credit grades [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_BBBCreditGradesMember_lbl" xml:lang="en-US" id="id_12895287_2997742_2_1">BBB [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_BBBCreditGradesMember" xlink:to="mfc_BBBCreditGradesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_BBBCreditRatingMember" xlink:label="mfc_BBBCreditRatingMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_BBBCreditRatingMember_lbl" xml:lang="en-US" id="id_12895287_2998221_3_1">BBB credit rating.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_BBBCreditRatingMember_lbl" xml:lang="en-US" id="id_12895287_2998221_1_1">BBB credit rating [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_BBBCreditRatingMember_lbl" xml:lang="en-US" id="id_12895287_2998221_2_1">BBB [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_BBBCreditRatingMember" xlink:to="mfc_BBBCreditRatingMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_BBCreditGradesMember" xlink:label="mfc_BBCreditGradesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_BBCreditGradesMember_lbl" xml:lang="en-US" id="id_12895287_2997738_3_1">BB credit grades.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_BBCreditGradesMember_lbl" xml:lang="en-US" id="id_12895287_2997738_1_1">BB credit grades [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_BBCreditGradesMember_lbl" xml:lang="en-US" id="id_12895287_2997738_2_1">BB [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_BBCreditGradesMember" xlink:to="mfc_BBCreditGradesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_BenefitsAndExpensesCededToReinsurers" xlink:label="mfc_BenefitsAndExpensesCededToReinsurers"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_BenefitsAndExpensesCededToReinsurers_lbl" xml:lang="en-US" id="id_12895287_2962220_3_1">Benefits and expenses ceded to reinsurers.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_BenefitsAndExpensesCededToReinsurers_lbl" xml:lang="en-US" id="id_12895287_2962220_1_1">Benefits and expenses ceded to reinsurers</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_BenefitsAndExpensesCededToReinsurers_lbl" xml:lang="en-US" id="id_12895287_2962220_14_1">Benefits and expenses ceded to reinsurers</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_BenefitsAndExpensesCededToReinsurers" xlink:to="mfc_BenefitsAndExpensesCededToReinsurers_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_BenefitsClaimsAndExpensesAbstract" xlink:label="mfc_BenefitsClaimsAndExpensesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_BenefitsClaimsAndExpensesAbstract_lbl" xml:lang="en-US" id="id_12895287_2942924_3_1">Benefits claims and expenses.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_BenefitsClaimsAndExpensesAbstract_lbl" xml:lang="en-US" id="id_12895287_2942924_1_1">Benefits claims and expenses [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_BenefitsClaimsAndExpensesAbstract_lbl" xml:lang="en-US" id="id_12895287_2942924_2_1">Contract benefits and expenses To contract holders and beneficiaries</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_BenefitsClaimsAndExpensesAbstract" xlink:to="mfc_BenefitsClaimsAndExpensesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_BenefitsExpenseArisingFromInsuranceContracts" xlink:label="mfc_BenefitsExpenseArisingFromInsuranceContracts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_BenefitsExpenseArisingFromInsuranceContracts_lbl" xml:lang="en-US" id="id_12895287_2962649_3_1">Benefits expense arising from insurance contracts.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_BenefitsExpenseArisingFromInsuranceContracts_lbl" xml:lang="en-US" id="id_12895287_2962649_1_1">Benefits Expense arising from insurance contracts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="mfc_BenefitsExpenseArisingFromInsuranceContracts_lbl" xml:lang="en-US" id="id_12895287_2962649_6_1">Total contract benefits and expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_BenefitsExpenseArisingFromInsuranceContracts" xlink:to="mfc_BenefitsExpenseArisingFromInsuranceContracts_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_BerkshireInsuranceServicesIncMember" xlink:label="mfc_BerkshireInsuranceServicesIncMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_BerkshireInsuranceServicesIncMember_lbl" xml:lang="en-US" id="id_12895287_2997835_3_1">Berkshire Insurance Services Inc.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_BerkshireInsuranceServicesIncMember_lbl" xml:lang="en-US" id="id_12895287_2997835_1_1">Berkshire Insurance Services Inc [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_BerkshireInsuranceServicesIncMember_lbl" xml:lang="en-US" id="id_12895287_2997835_2_1">Berkshire Insurance Services Inc [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_BerkshireInsuranceServicesIncMember" xlink:to="mfc_BerkshireInsuranceServicesIncMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_BlackScholesOptionPricingModelMember" xlink:label="mfc_BlackScholesOptionPricingModelMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_BlackScholesOptionPricingModelMember_lbl" xml:lang="en-US" id="id_12895287_2992001_3_1">Black scholes option pricing model.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_BlackScholesOptionPricingModelMember_lbl" xml:lang="en-US" id="id_12895287_2992001_1_1">Black scholes option pricing model [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_BlackScholesOptionPricingModelMember_lbl" xml:lang="en-US" id="id_12895287_2992001_2_1">Black scholes option pricing model [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_BlackScholesOptionPricingModelMember" xlink:to="mfc_BlackScholesOptionPricingModelMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_BoardOfDirectorMember" xlink:label="mfc_BoardOfDirectorMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_BoardOfDirectorMember_lbl" xml:lang="en-US" id="id_12895287_2983665_3_1">Board of director.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_BoardOfDirectorMember_lbl" xml:lang="en-US" id="id_12895287_2983665_1_1">Board of director [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_BoardOfDirectorMember_lbl" xml:lang="en-US" id="id_12895287_2983665_2_1">Board of Director [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_BoardOfDirectorMember" xlink:to="mfc_BoardOfDirectorMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_BondFundsMember" xlink:label="mfc_BondFundsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_BondFundsMember_lbl" xml:lang="en-US" id="id_12895287_2999268_3_1">Bond funds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_BondFundsMember_lbl" xml:lang="en-US" id="id_12895287_2999268_1_1">Bond Funds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_BondFundsMember_lbl" xml:lang="en-US" id="id_12895287_2999268_2_1">Bond funds [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_BondFundsMember" xlink:to="mfc_BondFundsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_BondRedemptionVariableRate" xlink:label="mfc_BondRedemptionVariableRate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_BondRedemptionVariableRate_lbl" xml:lang="en-US" id="id_12895287_3022623_3_1">Bond redemption variable rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_BondRedemptionVariableRate_lbl" xml:lang="en-US" id="id_12895287_3022623_1_1">Bond redemption variable rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_BondRedemptionVariableRate_lbl" xml:lang="en-US" id="id_12895287_3022623_2_1">Bond redemption variable interest rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_BondRedemptionVariableRate" xlink:to="mfc_BondRedemptionVariableRate_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_BorrowingInterestRateResetPeriod" xlink:label="mfc_BorrowingInterestRateResetPeriod"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_BorrowingInterestRateResetPeriod_lbl" xml:lang="en-US" id="id_12895287_2977617_3_1">Borrowing interest rate reset period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_BorrowingInterestRateResetPeriod_lbl" xml:lang="en-US" id="id_12895287_2977617_1_1">Borrowing Interest Rate Reset Period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_BorrowingInterestRateResetPeriod_lbl" xml:lang="en-US" id="id_12895287_2977617_2_1">Interest rate reset period</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_BorrowingInterestRateResetPeriod" xlink:to="mfc_BorrowingInterestRateResetPeriod_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Borrowings" xlink:label="ifrs-full_Borrowings"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Borrowings_lbl" xml:lang="en-US" id="id_12895287_2935408_1_1">Borrowings</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Borrowings_lbl" xml:lang="en-US" id="id_12895287_2935408_2_1">Amounts outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Borrowings" xlink:to="ifrs-full_Borrowings_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BorrowingsAdjustmentToInterestRateBasis" xlink:label="ifrs-full_BorrowingsAdjustmentToInterestRateBasis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingsAdjustmentToInterestRateBasis_lbl" xml:lang="en-US" id="id_12895287_2935106_1_1">Borrowings, adjustment to interest rate basis</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BorrowingsAdjustmentToInterestRateBasis_lbl" xml:lang="en-US" id="id_12895287_2935106_2_1">Floating interest rate, adjustment to basis</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsAdjustmentToInterestRateBasis" xlink:to="ifrs-full_BorrowingsAdjustmentToInterestRateBasis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BorrowingsByNameAxis" xlink:label="ifrs-full_BorrowingsByNameAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingsByNameAxis_lbl" xml:lang="en-US" id="id_12895287_2934121_1_1">Borrowings by name [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BorrowingsByNameAxis_lbl" xml:lang="en-US" id="id_12895287_2934121_2_1">Borrowings by name [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsByNameAxis" xlink:to="ifrs-full_BorrowingsByNameAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BorrowingsByNameMember" xlink:label="ifrs-full_BorrowingsByNameMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingsByNameMember_lbl" xml:lang="en-US" id="id_12895287_2934122_1_1">Borrowings by name [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BorrowingsByNameMember_lbl" xml:lang="en-US" id="id_12895287_2934122_2_1">Borrowings by name [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsByNameMember" xlink:to="ifrs-full_BorrowingsByNameMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BorrowingsInterestRate" xlink:label="ifrs-full_BorrowingsInterestRate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingsInterestRate_lbl" xml:lang="en-US" id="id_12895287_2935625_1_1">Borrowings, interest rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BorrowingsInterestRate_lbl" xml:lang="en-US" id="id_12895287_2935625_2_1">Capital instruments interest rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsInterestRate" xlink:to="ifrs-full_BorrowingsInterestRate_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BorrowingsInterestRateBasis" xlink:label="ifrs-full_BorrowingsInterestRateBasis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingsInterestRateBasis_lbl" xml:lang="en-US" id="id_12895287_2934124_1_1">Borrowings, interest rate basis</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BorrowingsInterestRateBasis_lbl" xml:lang="en-US" id="id_12895287_2934124_2_1">Interest rate, basis</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsInterestRateBasis" xlink:to="ifrs-full_BorrowingsInterestRateBasis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BottomOfRangeMember" xlink:label="ifrs-full_BottomOfRangeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BottomOfRangeMember_lbl" xml:lang="en-US" id="id_12895287_2935626_1_1">Bottom of range [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BottomOfRangeMember_lbl" xml:lang="en-US" id="id_12895287_2935626_2_1">Bottom of range [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BottomOfRangeMember" xlink:to="ifrs-full_BottomOfRangeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BrandNamesMember" xlink:label="ifrs-full_BrandNamesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BrandNamesMember_lbl" xml:lang="en-US" id="id_12895287_2935627_1_1">Brand names [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BrandNamesMember_lbl" xml:lang="en-US" id="id_12895287_2935627_2_1">Brand [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BrandNamesMember" xlink:to="ifrs-full_BrandNamesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BusinessCombinationsAxis" xlink:label="ifrs-full_BusinessCombinationsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BusinessCombinationsAxis_lbl" xml:lang="en-US" id="id_12895287_2935629_1_1">Business combinations [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BusinessCombinationsAxis_lbl" xml:lang="en-US" id="id_12895287_2935629_2_1">Business combinations [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BusinessCombinationsAxis" xlink:to="ifrs-full_BusinessCombinationsAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_CA" xlink:label="country_CA"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_CA_lbl" xml:lang="en-US" id="id_12895287_2933169_1_1">CANADA</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_CA_lbl" xml:lang="en-US" id="id_12895287_2933169_2_1">Canada [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_CA" xlink:to="country_CA_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CanadianAffinityMarketsMember" xlink:label="mfc_CanadianAffinityMarketsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CanadianAffinityMarketsMember_lbl" xml:lang="en-US" id="id_12895287_2997588_3_1">Canadian affinity markets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CanadianAffinityMarketsMember_lbl" xml:lang="en-US" id="id_12895287_2997588_1_1">Canadian Affinity Markets [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CanadianAffinityMarketsMember_lbl" xml:lang="en-US" id="id_12895287_2997588_2_1">Canadian Affinity Markets [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CanadianAffinityMarketsMember" xlink:to="mfc_CanadianAffinityMarketsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CanadianCharteredBanksMember" xlink:label="mfc_CanadianCharteredBanksMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CanadianCharteredBanksMember_lbl" xml:lang="en-US" id="id_12895287_2999235_3_1">Canadian Chartered Banks.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CanadianCharteredBanksMember_lbl" xml:lang="en-US" id="id_12895287_2999235_1_1">Canadian Chartered Banks [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CanadianCharteredBanksMember_lbl" xml:lang="en-US" id="id_12895287_2999235_2_1">Canadian chartered banks [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CanadianCharteredBanksMember" xlink:to="mfc_CanadianCharteredBanksMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CanadianDivisionMember" xlink:label="mfc_CanadianDivisionMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CanadianDivisionMember_lbl" xml:lang="en-US" id="id_12895287_2998232_3_1">Canadian division.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CanadianDivisionMember_lbl" xml:lang="en-US" id="id_12895287_2998232_1_1">Canadian Division [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CanadianDivisionMember_lbl" xml:lang="en-US" id="id_12895287_2998232_2_1">Canadian Division [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CanadianDivisionMember" xlink:to="mfc_CanadianDivisionMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CanadianFixedAnnuityProductsMember" xlink:label="mfc_CanadianFixedAnnuityProductsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CanadianFixedAnnuityProductsMember_lbl" xml:lang="en-US" id="id_12895287_2996978_3_1">Canadian fixed annuity products.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CanadianFixedAnnuityProductsMember_lbl" xml:lang="en-US" id="id_12895287_2996978_1_1">Canadian fixed annuity products [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CanadianFixedAnnuityProductsMember_lbl" xml:lang="en-US" id="id_12895287_2996978_2_1">Canadian fixed annuity products [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CanadianFixedAnnuityProductsMember" xlink:to="mfc_CanadianFixedAnnuityProductsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CanadianGovernmentAndAgencyMember" xlink:label="mfc_CanadianGovernmentAndAgencyMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CanadianGovernmentAndAgencyMember_lbl" xml:lang="en-US" id="id_12895287_2996955_3_1">Canadian government and agency.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CanadianGovernmentAndAgencyMember_lbl" xml:lang="en-US" id="id_12895287_2996955_1_1">Canadian government and agency [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CanadianGovernmentAndAgencyMember_lbl" xml:lang="en-US" id="id_12895287_2996955_2_1">Canadian government and agency [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CanadianGovernmentAndAgencyMember" xlink:to="mfc_CanadianGovernmentAndAgencyMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CanadianGroupBenefitsAndGroupRetirementSolutionsMember" xlink:label="mfc_CanadianGroupBenefitsAndGroupRetirementSolutionsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CanadianGroupBenefitsAndGroupRetirementSolutionsMember_lbl" xml:lang="en-US" id="id_12895287_2997590_3_1">Canadian group benefits and group retirement solutions.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CanadianGroupBenefitsAndGroupRetirementSolutionsMember_lbl" xml:lang="en-US" id="id_12895287_2997590_1_1">Canadian Group Benefits and Group Retirement Solutions [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CanadianGroupBenefitsAndGroupRetirementSolutionsMember_lbl" xml:lang="en-US" id="id_12895287_2997590_2_1">Canadian Group Benefits and Group Retirement Solutions [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CanadianGroupBenefitsAndGroupRetirementSolutionsMember" xlink:to="mfc_CanadianGroupBenefitsAndGroupRetirementSolutionsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CanadianIndividualLifeMember" xlink:label="mfc_CanadianIndividualLifeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CanadianIndividualLifeMember_lbl" xml:lang="en-US" id="id_12895287_2997586_3_1">Canadian individual life.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CanadianIndividualLifeMember_lbl" xml:lang="en-US" id="id_12895287_2997586_1_1">Canadian Individual Life [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CanadianIndividualLifeMember_lbl" xml:lang="en-US" id="id_12895287_2997586_2_1">Canadian Individual Life [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CanadianIndividualLifeMember" xlink:to="mfc_CanadianIndividualLifeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CanadianPlansMember" xlink:label="mfc_CanadianPlansMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CanadianPlansMember_lbl" xml:lang="en-US" id="id_12895287_2998188_3_1">Canadian plans.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CanadianPlansMember_lbl" xml:lang="en-US" id="id_12895287_2998188_1_1">Canadian plans [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CanadianPlansMember_lbl" xml:lang="en-US" id="id_12895287_2998188_2_1">Canadian plans [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CanadianPlansMember" xlink:to="mfc_CanadianPlansMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CanadianWealthMember" xlink:label="mfc_CanadianWealthMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CanadianWealthMember_lbl" xml:lang="en-US" id="id_12895287_2997594_3_1">Canadian wealth.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CanadianWealthMember_lbl" xml:lang="en-US" id="id_12895287_2997594_1_1">Canadian wealth [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CanadianWealthMember_lbl" xml:lang="en-US" id="id_12895287_2997594_2_1">Canadian Wealth (excluding Manulife Bank of Canada) [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CanadianWealthMember" xlink:to="mfc_CanadianWealthMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CapitalAssetUsefulLife" xlink:label="mfc_CapitalAssetUsefulLife"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CapitalAssetUsefulLife_lbl" xml:lang="en-US" id="id_12895287_2977583_3_1">Capital asset useful life.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CapitalAssetUsefulLife_lbl" xml:lang="en-US" id="id_12895287_2977583_1_1">Capital Asset Useful Life</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CapitalAssetUsefulLife_lbl" xml:lang="en-US" id="id_12895287_2977583_2_1">Capital asset, useful life</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CapitalAssetUsefulLife" xlink:to="mfc_CapitalAssetUsefulLife_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CapitalContributionsByParent" xlink:label="mfc_CapitalContributionsByParent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CapitalContributionsByParent_lbl" xml:lang="en-US" id="id_12895287_2962616_3_1">Capital contributions by parent.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CapitalContributionsByParent_lbl" xml:lang="en-US" id="id_12895287_2962616_1_1">Capital contributions by parent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CapitalContributionsByParent_lbl" xml:lang="en-US" id="id_12895287_2962616_2_1">Capital contributions by parent</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CapitalContributionsByParent" xlink:to="mfc_CapitalContributionsByParent_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CapitalContributionToUnconsolidatedSubsidiaries" xlink:label="mfc_CapitalContributionToUnconsolidatedSubsidiaries"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CapitalContributionToUnconsolidatedSubsidiaries_lbl" xml:lang="en-US" id="id_12895287_2962633_3_1">Capital contribution to unconsolidated subsidiaries.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CapitalContributionToUnconsolidatedSubsidiaries_lbl" xml:lang="en-US" id="id_12895287_2962633_1_1">Capital contribution to unconsolidated subsidiaries</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_CapitalContributionToUnconsolidatedSubsidiaries_lbl" xml:lang="en-US" id="id_12895287_2962633_14_1">Capital contribution to unconsolidated subsidiaries</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CapitalContributionToUnconsolidatedSubsidiaries" xlink:to="mfc_CapitalContributionToUnconsolidatedSubsidiaries_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CapitalMember" xlink:label="mfc_CapitalMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CapitalMember_lbl" xml:lang="en-US" id="id_12895287_2997897_3_1">This member stands for capital.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CapitalMember_lbl" xml:lang="en-US" id="id_12895287_2997897_1_1">Capital [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CapitalMember_lbl" xml:lang="en-US" id="id_12895287_2997897_2_1">Capital [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CapitalMember" xlink:to="mfc_CapitalMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CapitalTaxLossCarryforwards" xlink:label="mfc_CapitalTaxLossCarryforwards"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CapitalTaxLossCarryforwards_lbl" xml:lang="en-US" id="id_12895287_2963224_3_1">Capital tax loss carryforwards.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CapitalTaxLossCarryforwards_lbl" xml:lang="en-US" id="id_12895287_2963224_1_1">Capital Tax Loss Carryforwards</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CapitalTaxLossCarryforwards_lbl" xml:lang="en-US" id="id_12895287_2963224_2_1">Capital tax loss carry forward</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CapitalTaxLossCarryforwards" xlink:to="mfc_CapitalTaxLossCarryforwards_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:label="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_lbl" xml:lang="en-US" id="id_12895287_2934129_1_1">Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_lbl" xml:lang="en-US" id="id_12895287_2934129_2_1">Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:to="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CarryingAmountMember" xlink:label="ifrs-full_CarryingAmountMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CarryingAmountMember_lbl" xml:lang="en-US" id="id_12895287_2934130_1_1">Carrying amount [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CarryingAmountMember_lbl" xml:lang="en-US" id="id_12895287_2934130_2_1">Carrying amount [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CarryingAmountMember" xlink:to="ifrs-full_CarryingAmountMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CarryingValueMember" xlink:label="mfc_CarryingValueMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CarryingValueMember_lbl" xml:lang="en-US" id="id_12895287_2996940_3_1">Carrying value [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CarryingValueMember_lbl" xml:lang="en-US" id="id_12895287_2996940_1_1">Carrying value [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CarryingValueMember_lbl" xml:lang="en-US" id="id_12895287_2996940_2_1">Carrying value [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CarryingValueMember" xlink:to="mfc_CarryingValueMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CarryingValueOfCapitalInstrumentsAbstract" xlink:label="mfc_CarryingValueOfCapitalInstrumentsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CarryingValueOfCapitalInstrumentsAbstract_lbl" xml:lang="en-US" id="id_12895287_2942977_3_1">Carrying value of capital instruments abstract</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CarryingValueOfCapitalInstrumentsAbstract_lbl" xml:lang="en-US" id="id_12895287_2942977_1_1">Carrying value of capital instruments [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CarryingValueOfCapitalInstrumentsAbstract_lbl" xml:lang="en-US" id="id_12895287_2942977_2_1">Carrying value of capital instruments [abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CarryingValueOfCapitalInstrumentsAbstract" xlink:to="mfc_CarryingValueOfCapitalInstrumentsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CarryingValueOfCapitalInstrumentsLineItems" xlink:label="mfc_CarryingValueOfCapitalInstrumentsLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CarryingValueOfCapitalInstrumentsLineItems_lbl" xml:lang="en-US" id="id_12895287_2942976_3_1">Carrying value of capital instruments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CarryingValueOfCapitalInstrumentsLineItems_lbl" xml:lang="en-US" id="id_12895287_2942976_1_1">Carrying value of capital instruments [line items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CarryingValueOfCapitalInstrumentsLineItems_lbl" xml:lang="en-US" id="id_12895287_2942976_2_1">Carrying value of capital instruments [line items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CarryingValueOfCapitalInstrumentsLineItems" xlink:to="mfc_CarryingValueOfCapitalInstrumentsLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CarryingValueOfCapitalInstrumentsTable" xlink:label="mfc_CarryingValueOfCapitalInstrumentsTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CarryingValueOfCapitalInstrumentsTable_lbl" xml:lang="en-US" id="id_12895287_2979391_3_1">Carrying value of capital instruments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CarryingValueOfCapitalInstrumentsTable_lbl" xml:lang="en-US" id="id_12895287_2979391_1_1">Carrying value of capital instruments [table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CarryingValueOfCapitalInstrumentsTable_lbl" xml:lang="en-US" id="id_12895287_2979391_2_1">Carrying value of capital instruments [table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CarryingValueOfCapitalInstrumentsTable" xlink:to="mfc_CarryingValueOfCapitalInstrumentsTable_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CarryingValueOfResidentialMortgagesAndLoansToBankClients" xlink:label="mfc_CarryingValueOfResidentialMortgagesAndLoansToBankClients"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CarryingValueOfResidentialMortgagesAndLoansToBankClients_lbl" xml:lang="en-US" id="id_12895287_3030873_3_1">The carrying amount of residential mortgages and bank clients loans.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CarryingValueOfResidentialMortgagesAndLoansToBankClients_lbl" xml:lang="en-US" id="id_12895287_3030873_1_1">Carrying value of residential mortgages and loans to bank clients</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CarryingValueOfResidentialMortgagesAndLoansToBankClients_lbl" xml:lang="en-US" id="id_12895287_3030873_2_1">Carrying value of residential mortgages and loans to bank clients</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CarryingValueOfResidentialMortgagesAndLoansToBankClients" xlink:to="mfc_CarryingValueOfResidentialMortgagesAndLoansToBankClients_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Cash" xlink:label="ifrs-full_Cash"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Cash_lbl" xml:lang="en-US" id="id_12895287_2935116_1_1">Cash</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Cash_lbl" xml:lang="en-US" id="id_12895287_2935116_2_1">Cash</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Cash" xlink:to="ifrs-full_Cash_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashAndCashEquivalents" xlink:label="ifrs-full_CashAndCashEquivalents"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en-US" id="id_12895287_2934132_1_1">Cash and cash equivalents</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en-US" id="id_12895287_2934132_4_1">Gross cash and short-term securities, end of year</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en-US" id="id_12895287_2934132_5_1">Gross cash and short-term securities, beginning of year</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en-US" id="id_12895287_2934132_2_1">Cash and short-term securities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalents" xlink:to="ifrs-full_CashAndCashEquivalents_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashAndCashEquivalentsAmountContributedToFairValueOfPlanAssets" xlink:label="ifrs-full_CashAndCashEquivalentsAmountContributedToFairValueOfPlanAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashAndCashEquivalentsAmountContributedToFairValueOfPlanAssets_lbl" xml:lang="en-US" id="id_12895287_2934811_1_1">Cash and cash equivalents, amount contributed to fair value of plan assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashAndCashEquivalentsAmountContributedToFairValueOfPlanAssets_lbl" xml:lang="en-US" id="id_12895287_2934811_2_1">Cash and cash equivalents</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalentsAmountContributedToFairValueOfPlanAssets" xlink:to="ifrs-full_CashAndCashEquivalentsAmountContributedToFairValueOfPlanAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" xlink:label="ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_lbl" xml:lang="en-US" id="id_12895287_2935415_1_1">Cash and cash equivalents if different from statement of financial position</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_lbl" xml:lang="en-US" id="id_12895287_2935415_4_1">Balance, December 31</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_lbl" xml:lang="en-US" id="id_12895287_2935415_5_1">Balance, beginning of year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition" xlink:to="ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition_lbl"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CashAndShortTermSecuritiesMember" xlink:to="mfc_CashAndShortTermSecuritiesMember_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities_lbl" xml:lang="en-US" id="id_12895287_2935637_1_1">Cash collateral pledged subject to enforceable master netting arrangement or similar agreement not set off against financial liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities_lbl" xml:lang="en-US" id="id_12895287_2935637_2_1">Financial and cash collateral pledged (received)</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" xlink:label="ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2935638_1_1">Cash collateral received subject to enforceable master netting arrangement or similar agreement not set off against financial assets</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashEquivalents" xlink:label="ifrs-full_CashEquivalents"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashEquivalents_lbl" xml:lang="en-US" id="id_12895287_2934813_1_1">Cash equivalents</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashEquivalents_lbl" xml:lang="en-US" id="id_12895287_2934813_2_1">Cash equivalents</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashEquivalents" xlink:to="ifrs-full_CashEquivalents_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowHedgesAbstract" xlink:label="ifrs-full_CashFlowHedgesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowHedgesAbstract_lbl" xml:lang="en-US" id="id_12895287_2934815_1_1">Cash flow hedges [abstract]</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowHedgesMember" xlink:label="ifrs-full_CashFlowHedgesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowHedgesMember_lbl" xml:lang="en-US" id="id_12895287_2935639_1_1">Cash flow hedges [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowHedgesMember_lbl" xml:lang="en-US" id="id_12895287_2935639_2_1">Cash flow hedges [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowHedgesMember" xlink:to="ifrs-full_CashFlowHedgesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:label="ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_lbl" xml:lang="en-US" id="id_12895287_2935418_1_1">Cash flows from losing control of subsidiaries or other businesses, classified as investing activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_lbl" xml:lang="en-US" id="id_12895287_2935418_2_1">Investment in common shares of subsidiaries</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities_lbl" xml:lang="en-US" id="id_12895287_2935642_1_1">Cash flows from (used in) financing activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities_lbl" xml:lang="en-US" id="id_12895287_2935642_6_1">Cash provided by (used in) financing activities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInFinancingActivities_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_lbl" xml:lang="en-US" id="id_12895287_2935120_1_1">Cash flows from (used in) financing activities [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_lbl" xml:lang="en-US" id="id_12895287_2935120_2_1">Financing activities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:to="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings" xlink:label="ifrs-full_CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings_lbl" xml:lang="en-US" id="id_12895287_2935420_1_1">Cash flows from (used in) increase (decrease) in current borrowings</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings_lbl" xml:lang="en-US" id="id_12895287_2935420_2_1">Changes in deposits from Bank clients, net</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings" xlink:to="ifrs-full_CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities_lbl" xml:lang="en-US" id="id_12895287_2935423_1_1">Cash flows from (used in) investing activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities_lbl" xml:lang="en-US" id="id_12895287_2935423_6_1">Cash provided by (used in) investing activities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInInvestingActivities_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_lbl" xml:lang="en-US" id="id_12895287_2935424_1_1">Cash flows from (used in) investing activities [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_lbl" xml:lang="en-US" id="id_12895287_2935424_2_1">Investing activities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:to="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities_lbl" xml:lang="en-US" id="id_12895287_2935125_1_1">Cash flows from (used in) operating activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities_lbl" xml:lang="en-US" id="id_12895287_2935125_6_1">Cash provided by (used in) operating activities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInOperatingActivities_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US" id="id_12895287_2935643_1_1">Cash flows from (used in) operating activities [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US" id="id_12895287_2935643_2_1">Operating activities</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInOperations" xlink:label="ifrs-full_CashFlowsFromUsedInOperations"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInOperations_lbl" xml:lang="en-US" id="id_12895287_2934818_1_1">Cash flows from (used in) operations</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashFlowsFromUsedInOperations_lbl" xml:lang="en-US" id="id_12895287_2934818_6_1">Cash provided by (used in) operating activities before undernoted items</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInOperations" xlink:to="ifrs-full_CashFlowsFromUsedInOperations_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:label="ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_lbl" xml:lang="en-US" id="id_12895287_2935126_1_1">Cash flows used in obtaining control of subsidiaries or other businesses, classified as investing activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_lbl" xml:lang="en-US" id="id_12895287_2935126_14_1">Net cash decrease from sale and purchase of subsidiaries and businesses</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashTransferred" xlink:label="ifrs-full_CashTransferred"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashTransferred_lbl" xml:lang="en-US" id="id_12895287_2935648_1_1">Cash transferred</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:label="ifrs-full_CategoriesOfFinancialAssetsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CategoriesOfFinancialAssetsAxis_lbl" xml:lang="en-US" id="id_12895287_2935650_1_1">Categories of financial assets [axis]</label>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:to="ifrs-full_CategoriesOfRelatedPartiesAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CDSCreditMember" xlink:label="mfc_CDSCreditMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CDSCreditMember_lbl" xml:lang="en-US" id="id_12895287_2998116_3_1">Total single name CDSs.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CDSCreditMember_lbl" xml:lang="en-US" id="id_12895287_2998116_1_1">CDS Credit [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CDSCreditMember_lbl" xml:lang="en-US" id="id_12895287_2998116_2_1">Single name CDSs [Member]</label>
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    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ChangeInGrossInsuranceContractLiabilities" xlink:label="mfc_ChangeInGrossInsuranceContractLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ChangeInGrossInsuranceContractLiabilities_lbl" xml:lang="en-US" id="id_12895287_3031817_3_1">Change in Gross Insurance Contract Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ChangeInGrossInsuranceContractLiabilities_lbl" xml:lang="en-US" id="id_12895287_3031817_1_1">Change in Gross Insurance Contract Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ChangeInGrossInsuranceContractLiabilities_lbl" xml:lang="en-US" id="id_12895287_3031817_2_1">Change in gross insurance contract liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ChangeInGrossInsuranceContractLiabilities" xlink:to="mfc_ChangeInGrossInsuranceContractLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ChangeInInsuranceContractLiabilities" xlink:label="mfc_ChangeInInsuranceContractLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ChangeInInsuranceContractLiabilities_lbl" xml:lang="en-US" id="id_12895287_2962276_3_1">Change in insurance contract liabilities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ChangeInInsuranceContractLiabilities_lbl" xml:lang="en-US" id="id_12895287_2962276_1_1">Change in insurance contract liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_ChangeInInsuranceContractLiabilities_lbl" xml:lang="en-US" id="id_12895287_2962276_14_1">Change in insurance contract liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ChangeInInsuranceContractLiabilities" xlink:to="mfc_ChangeInInsuranceContractLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ChangeInInvestmentBrokerNetReceivablesAndPayables" xlink:label="mfc_ChangeInInvestmentBrokerNetReceivablesAndPayables"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ChangeInInvestmentBrokerNetReceivablesAndPayables_lbl" xml:lang="en-US" id="id_12895287_2959287_3_1">Change in investment broker net receivables and payables.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ChangeInInvestmentBrokerNetReceivablesAndPayables_lbl" xml:lang="en-US" id="id_12895287_2959287_1_1">Change in Investment Broker Net Receivables and Payables</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ChangeInInvestmentBrokerNetReceivablesAndPayables_lbl" xml:lang="en-US" id="id_12895287_2959287_2_1">Change in investment broker net receivables and payables</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="mfc_ChangeInInvestmentBrokerNetReceivablesAndPayables_lbl" xml:lang="en-US" id="id_12895287_2959287_12_1">Changes in investment broker net receivables and payables</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ChangeInInvestmentBrokerNetReceivablesAndPayables" xlink:to="mfc_ChangeInInvestmentBrokerNetReceivablesAndPayables_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ChangesInFairValueMeasurementAssetsAbstract" xlink:label="ifrs-full_ChangesInFairValueMeasurementAssetsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ChangesInFairValueMeasurementAssetsAbstract_lbl" xml:lang="en-US" id="id_12895287_2935134_1_1">Changes in fair value measurement, assets [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ChangesInFairValueMeasurementAssetsAbstract_lbl" xml:lang="en-US" id="id_12895287_2935134_2_1">Changes in fair value measurement, assets [abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ChangesInFairValueMeasurementAssetsAbstract" xlink:to="ifrs-full_ChangesInFairValueMeasurementAssetsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ChangesInMethodsAndAssumptionsInInsuranceContracts" xlink:label="mfc_ChangesInMethodsAndAssumptionsInInsuranceContracts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ChangesInMethodsAndAssumptionsInInsuranceContracts_lbl" xml:lang="en-US" id="id_12895287_3030874_3_1">Change in insurance contracts resulting from changes in methods and assumptions.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ChangesInMethodsAndAssumptionsInInsuranceContracts_lbl" xml:lang="en-US" id="id_12895287_3030874_1_1">Changes in Methods and Assumptions in Insurance Contracts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ChangesInMethodsAndAssumptionsInInsuranceContracts_lbl" xml:lang="en-US" id="id_12895287_3030874_2_1">Changes in methods and assumptions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ChangesInMethodsAndAssumptionsInInsuranceContracts" xlink:to="mfc_ChangesInMethodsAndAssumptionsInInsuranceContracts_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ChangesInPolicyRelatedAndOperatingReceivablesAndPayables" xlink:label="mfc_ChangesInPolicyRelatedAndOperatingReceivablesAndPayables"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ChangesInPolicyRelatedAndOperatingReceivablesAndPayables_lbl" xml:lang="en-US" id="id_12895287_2959284_3_1">Changes in policy related and operating receivables and payables.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ChangesInPolicyRelatedAndOperatingReceivablesAndPayables_lbl" xml:lang="en-US" id="id_12895287_2959284_1_1">Changes in Policy Related and Operating Receivables and Payables</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_ChangesInPolicyRelatedAndOperatingReceivablesAndPayables_lbl" xml:lang="en-US" id="id_12895287_2959284_14_1">Changes in policy related and operating receivables and payables</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ChangesInPolicyRelatedAndOperatingReceivablesAndPayables" xlink:to="mfc_ChangesInPolicyRelatedAndOperatingReceivablesAndPayables_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ChangesInSegregatedFundsNetAssetsDepositsFromPolicyholders" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsDepositsFromPolicyholders"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsDepositsFromPolicyholders_lbl" xml:lang="en-US" id="id_12895287_2962565_3_1">Changes in segregated funds net assets, deposits from policyholders.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsDepositsFromPolicyholders_lbl" xml:lang="en-US" id="id_12895287_2962565_1_1">Changes in segregated funds net assets deposits from policyholders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsDepositsFromPolicyholders_lbl" xml:lang="en-US" id="id_12895287_2962565_2_1">Deposits from policyholders</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ChangesInSegregatedFundsNetAssetsDepositsFromPolicyholders" xlink:to="mfc_ChangesInSegregatedFundsNetAssetsDepositsFromPolicyholders_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ChangesInSegregatedFundsNetAssetsImpactOfChangesInForeignExchangeRates" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsImpactOfChangesInForeignExchangeRates"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsImpactOfChangesInForeignExchangeRates_lbl" xml:lang="en-US" id="id_12895287_2962573_3_1">Changes in segregated funds net assets, impact of changes in foreign exchange rates.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsImpactOfChangesInForeignExchangeRates_lbl" xml:lang="en-US" id="id_12895287_2962573_1_1">Changes in segregated funds net assets impact of changes in foreign exchange rates</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsImpactOfChangesInForeignExchangeRates_lbl" xml:lang="en-US" id="id_12895287_2962573_2_1">Impact of changes in foreign exchange rates</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ChangesInSegregatedFundsNetAssetsImpactOfChangesInForeignExchangeRates" xlink:to="mfc_ChangesInSegregatedFundsNetAssetsImpactOfChangesInForeignExchangeRates_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ChangesInSegregatedFundsNetAssetsInterestAndDividends" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsInterestAndDividends"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsInterestAndDividends_lbl" xml:lang="en-US" id="id_12895287_2962568_3_1">Changes in segregated funds net assets, interest and dividends.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsInterestAndDividends_lbl" xml:lang="en-US" id="id_12895287_2962568_1_1">Changes in segregated funds net assets Interest and dividends</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsInterestAndDividends_lbl" xml:lang="en-US" id="id_12895287_2962568_2_1">Interest and dividends</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ChangesInSegregatedFundsNetAssetsInterestAndDividends" xlink:to="mfc_ChangesInSegregatedFundsNetAssetsInterestAndDividends_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ChangesInSegregatedFundsNetAssetsInvestmentRelated" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsInvestmentRelated"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsInvestmentRelated_lbl" xml:lang="en-US" id="id_12895287_2962563_3_1">Changes in segregated funds net assets, investment related.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsInvestmentRelated_lbl" xml:lang="en-US" id="id_12895287_2962563_1_1">Changes in segregated funds net assets Investment related</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsInvestmentRelated_lbl" xml:lang="en-US" id="id_12895287_2962563_6_1">Investment related</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ChangesInSegregatedFundsNetAssetsInvestmentRelated" xlink:to="mfc_ChangesInSegregatedFundsNetAssetsInvestmentRelated_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ChangesInSegregatedFundsNetAssetsInvestmentRelatedAbstract" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsInvestmentRelatedAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsInvestmentRelatedAbstract_lbl" xml:lang="en-US" id="id_12895287_2943106_3_1">Changes in segregated funds net assets investment related.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsInvestmentRelatedAbstract_lbl" xml:lang="en-US" id="id_12895287_2943106_1_1">Changes in segregated funds net assets Investment related [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsInvestmentRelatedAbstract_lbl" xml:lang="en-US" id="id_12895287_2943106_2_1">Investment related</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ChangesInSegregatedFundsNetAssetsInvestmentRelatedAbstract" xlink:to="mfc_ChangesInSegregatedFundsNetAssetsInvestmentRelatedAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ChangesInSegregatedFundsNetAssetsManagementAndAdministrationFees" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsManagementAndAdministrationFees"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsManagementAndAdministrationFees_lbl" xml:lang="en-US" id="id_12895287_2962571_3_1">Changes in segregated funds net assets, management and administration fees.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsManagementAndAdministrationFees_lbl" xml:lang="en-US" id="id_12895287_2962571_1_1">Changes in segregated funds net assets management and administration fees</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsManagementAndAdministrationFees_lbl" xml:lang="en-US" id="id_12895287_2962571_14_1">Management and administration fees</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ChangesInSegregatedFundsNetAssetsManagementAndAdministrationFees" xlink:to="mfc_ChangesInSegregatedFundsNetAssetsManagementAndAdministrationFees_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ChangesInSegregatedFundsNetAssetsNetAdditionsDeductions" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsNetAdditionsDeductions"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsNetAdditionsDeductions_lbl" xml:lang="en-US" id="id_12895287_3030881_3_1">Changes in segregated funds net assets net additions (deductions).</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsNetAdditionsDeductions_lbl" xml:lang="en-US" id="id_12895287_3030881_1_1">Changes in segregated funds net assets net additions (deductions)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsNetAdditionsDeductions_lbl" xml:lang="en-US" id="id_12895287_3030881_6_1">Net additions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ChangesInSegregatedFundsNetAssetsNetAdditionsDeductions" xlink:to="mfc_ChangesInSegregatedFundsNetAssetsNetAdditionsDeductions_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ChangesInSegregatedFundsNetAssetsNetPolicyholderCashFlow" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsNetPolicyholderCashFlow"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsNetPolicyholderCashFlow_lbl" xml:lang="en-US" id="id_12895287_2962562_3_1">Changes in segregated funds net assets, net policyholder cash flow.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsNetPolicyholderCashFlow_lbl" xml:lang="en-US" id="id_12895287_2962562_1_1">Changes in segregated funds net assets net policyholder cash flow</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsNetPolicyholderCashFlow_lbl" xml:lang="en-US" id="id_12895287_2962562_6_1">Net policyholder cash flow</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ChangesInSegregatedFundsNetAssetsNetPolicyholderCashFlow" xlink:to="mfc_ChangesInSegregatedFundsNetAssetsNetPolicyholderCashFlow_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ChangesInSegregatedFundsNetAssetsNetPolicyholderCashFlowAbstract" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsNetPolicyholderCashFlowAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsNetPolicyholderCashFlowAbstract_lbl" xml:lang="en-US" id="id_12895287_2943104_3_1">Changes in segregated funds net assets net policyholder cash flow.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsNetPolicyholderCashFlowAbstract_lbl" xml:lang="en-US" id="id_12895287_2943104_1_1">Changes in Segregated Funds Net Assets Net Policyholder Cash Flow [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsNetPolicyholderCashFlowAbstract_lbl" xml:lang="en-US" id="id_12895287_2943104_2_1">Net policyholder cash flow</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ChangesInSegregatedFundsNetAssetsNetPolicyholderCashFlowAbstract" xlink:to="mfc_ChangesInSegregatedFundsNetAssetsNetPolicyholderCashFlowAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ChangesInSegregatedFundsNetAssetsNetRealizedAndUnrealizedInvestmentGainsLosses" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsNetRealizedAndUnrealizedInvestmentGainsLosses"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsNetRealizedAndUnrealizedInvestmentGainsLosses_lbl" xml:lang="en-US" id="id_12895287_2962569_3_1">Changes in segregated funds net assets, net realized and unrealized investment gains (losses).</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsNetRealizedAndUnrealizedInvestmentGainsLosses_lbl" xml:lang="en-US" id="id_12895287_2962569_1_1">Changes in segregated funds net assets net realized and unrealized investment gains losses</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsNetRealizedAndUnrealizedInvestmentGainsLosses_lbl" xml:lang="en-US" id="id_12895287_2962569_2_1">Net realized and unrealized investment gains</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ChangesInSegregatedFundsNetAssetsNetRealizedAndUnrealizedInvestmentGainsLosses" xlink:to="mfc_ChangesInSegregatedFundsNetAssetsNetRealizedAndUnrealizedInvestmentGainsLosses_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ChangesInSegregatedFundsNetAssetsNetTransfersToGeneralFund" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsNetTransfersToGeneralFund"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsNetTransfersToGeneralFund_lbl" xml:lang="en-US" id="id_12895287_2962566_3_1">Changes in segregated funds net assets, net transfers to general fund.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsNetTransfersToGeneralFund_lbl" xml:lang="en-US" id="id_12895287_2962566_1_1">Changes in segregated funds net assets net transfers to general fund</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsNetTransfersToGeneralFund_lbl" xml:lang="en-US" id="id_12895287_2962566_2_1">Net transfers to general fund</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ChangesInSegregatedFundsNetAssetsNetTransfersToGeneralFund" xlink:to="mfc_ChangesInSegregatedFundsNetAssetsNetTransfersToGeneralFund_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ChangesInSegregatedFundsNetAssetsOther" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsOther"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsOther_lbl" xml:lang="en-US" id="id_12895287_2962570_3_1">Changes in segregated funds net assets, other.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsOther_lbl" xml:lang="en-US" id="id_12895287_2962570_1_1">Changes in segregated funds net assets other</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsOther_lbl" xml:lang="en-US" id="id_12895287_2962570_6_1">Other</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ChangesInSegregatedFundsNetAssetsOther" xlink:to="mfc_ChangesInSegregatedFundsNetAssetsOther_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ChangesInSegregatedFundsNetAssetsOtherAbstract" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsOtherAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsOtherAbstract_lbl" xml:lang="en-US" id="id_12895287_2943107_3_1">Changes in segregated funds net assets other.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsOtherAbstract_lbl" xml:lang="en-US" id="id_12895287_2943107_1_1">Changes in segregated funds net assets other [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsOtherAbstract_lbl" xml:lang="en-US" id="id_12895287_2943107_2_1">Other</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ChangesInSegregatedFundsNetAssetsOtherAbstract" xlink:to="mfc_ChangesInSegregatedFundsNetAssetsOtherAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ChangesInSegregatedFundsNetAssetsPaymentsToPolicyholders" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsPaymentsToPolicyholders"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsPaymentsToPolicyholders_lbl" xml:lang="en-US" id="id_12895287_2962567_3_1">Changes in segregated funds net assets, payments to policyholders.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsPaymentsToPolicyholders_lbl" xml:lang="en-US" id="id_12895287_2962567_1_1">Changes in segregated funds net assets payments to policyholders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_ChangesInSegregatedFundsNetAssetsPaymentsToPolicyholders_lbl" xml:lang="en-US" id="id_12895287_2962567_14_1">Payments to policyholders</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ChangesInSegregatedFundsNetAssetsPaymentsToPolicyholders" xlink:to="mfc_ChangesInSegregatedFundsNetAssetsPaymentsToPolicyholders_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries" xlink:label="ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries_lbl" xml:lang="en-US" id="id_12895287_2935142_1_1">Claims and benefits paid, net of reinsurance recoveries</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries_lbl" xml:lang="en-US" id="id_12895287_2935142_2_1">Net benefits and claims</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries_lbl" xml:lang="en-US" id="id_12895287_2935142_6_1">Net benefits and claims</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries" xlink:to="ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassASharesSeriesThreeMember" xlink:label="mfc_ClassASharesSeriesThreeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassASharesSeriesThreeMember_lbl" xml:lang="en-US" id="id_12895287_2997747_3_1">Class A shares series three.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassASharesSeriesThreeMember_lbl" xml:lang="en-US" id="id_12895287_2997747_1_1">Class A Shares Series Three [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassASharesSeriesThreeMember_lbl" xml:lang="en-US" id="id_12895287_2997747_2_1">Class A Shares Series 3 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassASharesSeriesThreeMember" xlink:to="mfc_ClassASharesSeriesThreeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassASharesSeriesTwoMember" xlink:label="mfc_ClassASharesSeriesTwoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassASharesSeriesTwoMember_lbl" xml:lang="en-US" id="id_12895287_2997746_3_1">Class A shares series two.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassASharesSeriesTwoMember_lbl" xml:lang="en-US" id="id_12895287_2997746_1_1">Class A Shares Series Two [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassASharesSeriesTwoMember_lbl" xml:lang="en-US" id="id_12895287_2997746_2_1">Class A Shares Series 2 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassASharesSeriesTwoMember" xlink:to="mfc_ClassASharesSeriesTwoMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfAssetsAxis" xlink:label="ifrs-full_ClassesOfAssetsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfAssetsAxis_lbl" xml:lang="en-US" id="id_12895287_2935144_1_1">Classes of assets [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfAssetsAxis_lbl" xml:lang="en-US" id="id_12895287_2935144_2_1">Classes of assets [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfAssetsAxis" xlink:to="ifrs-full_ClassesOfAssetsAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfAssetsMember" xlink:label="ifrs-full_ClassesOfAssetsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2935661_1_1">Assets [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2935661_2_1">Assets [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfAssetsMember" xlink:to="ifrs-full_ClassesOfAssetsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfFinancialAssetsAxis" xlink:label="ifrs-full_ClassesOfFinancialAssetsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfFinancialAssetsAxis_lbl" xml:lang="en-US" id="id_12895287_2935145_1_1">Classes of financial assets [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfFinancialAssetsAxis_lbl" xml:lang="en-US" id="id_12895287_2935145_2_1">Classes of financial assets [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialAssetsAxis" xlink:to="ifrs-full_ClassesOfFinancialAssetsAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsAxis_lbl" xml:lang="en-US" id="id_12895287_2935146_1_1">Classes of financial instruments [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsAxis_lbl" xml:lang="en-US" id="id_12895287_2935146_2_1">Classes of financial instruments [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:to="ifrs-full_ClassesOfFinancialInstrumentsAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfFinancialInstrumentsMember" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsMember_lbl" xml:lang="en-US" id="id_12895287_2934848_1_1">Financial instruments, class [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsMember_lbl" xml:lang="en-US" id="id_12895287_2934848_2_1">Financial instruments, class [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialInstrumentsMember" xlink:to="ifrs-full_ClassesOfFinancialInstrumentsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:label="ifrs-full_ClassesOfFinancialLiabilitiesAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfFinancialLiabilitiesAxis_lbl" xml:lang="en-US" id="id_12895287_2934849_1_1">Classes of financial liabilities [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfFinancialLiabilitiesAxis_lbl" xml:lang="en-US" id="id_12895287_2934849_2_1">Classes of financial liabilities [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:to="ifrs-full_ClassesOfFinancialLiabilitiesAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:label="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis_lbl" xml:lang="en-US" id="id_12895287_2934851_1_1">Classes of intangible assets other than goodwill [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis_lbl" xml:lang="en-US" id="id_12895287_2934851_2_1">Classes of intangible assets other than goodwill [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:to="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfProvisionsAxis" xlink:label="ifrs-full_ClassesOfProvisionsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfProvisionsAxis_lbl" xml:lang="en-US" id="id_12895287_2935666_1_1">Classes of other provisions [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfProvisionsAxis_lbl" xml:lang="en-US" id="id_12895287_2935666_2_1">Classes of other provisions [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfProvisionsAxis" xlink:to="ifrs-full_ClassesOfProvisionsAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfShareCapitalAxis" xlink:label="ifrs-full_ClassesOfShareCapitalAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfShareCapitalAxis_lbl" xml:lang="en-US" id="id_12895287_2935448_1_1">Classes of share capital [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfShareCapitalAxis_lbl" xml:lang="en-US" id="id_12895287_2935448_2_1">Classes of share capital [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfShareCapitalAxis" xlink:to="ifrs-full_ClassesOfShareCapitalAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfShareCapitalMember" xlink:label="ifrs-full_ClassesOfShareCapitalMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfShareCapitalMember_lbl" xml:lang="en-US" id="id_12895287_2935667_1_1">Share capital [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfShareCapitalMember_lbl" xml:lang="en-US" id="id_12895287_2935667_2_1">Share capital [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfShareCapitalMember" xlink:to="ifrs-full_ClassesOfShareCapitalMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="us-gaap_ClassOfStockDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClassOfStockDomain_lbl" xml:lang="en-US" id="id_12895287_2919081_1_1">Class of Stock [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClassOfStockDomain_lbl" xml:lang="en-US" id="id_12895287_2919081_2_1">Class of Stock [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_ClassOfStockDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassOneSeriesElevenPreferredSharesMember" xlink:label="mfc_ClassOneSeriesElevenPreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassOneSeriesElevenPreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997568_3_1">Class one series eleven preferred shares.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassOneSeriesElevenPreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997568_1_1">Class one series eleven preferred shares [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassOneSeriesElevenPreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997568_2_1">Class 1, Series 11 Preferred shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassOneSeriesElevenPreferredSharesMember" xlink:to="mfc_ClassOneSeriesElevenPreferredSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassOneSeriesFifteenPreferredSharesMember" xlink:label="mfc_ClassOneSeriesFifteenPreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassOneSeriesFifteenPreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997572_3_1">Class one series fifteen preferred shares.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassOneSeriesFifteenPreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997572_1_1">Class one series fifteen preferred shares [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassOneSeriesFifteenPreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997572_2_1">Class 1, Series 15 Preferred shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassOneSeriesFifteenPreferredSharesMember" xlink:to="mfc_ClassOneSeriesFifteenPreferredSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassOneSeriesFivePreferredSharesMember" xlink:label="mfc_ClassOneSeriesFivePreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassOneSeriesFivePreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997603_3_1">Class one series five preferred shares.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassOneSeriesFivePreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997603_1_1">Class one series five preferred shares [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassOneSeriesFivePreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997603_2_1">Class 1, Series 5 Preferred shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassOneSeriesFivePreferredSharesMember" xlink:to="mfc_ClassOneSeriesFivePreferredSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassOneSeriesFourPreferredSharesMember" xlink:label="mfc_ClassOneSeriesFourPreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassOneSeriesFourPreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997602_3_1">Class one series four preferred shares.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassOneSeriesFourPreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997602_1_1">Class one series four preferred shares [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassOneSeriesFourPreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997602_2_1">Class 1, Series 4 Preferred shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassOneSeriesFourPreferredSharesMember" xlink:to="mfc_ClassOneSeriesFourPreferredSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassOneSeriesNinePreferredSharesMember" xlink:label="mfc_ClassOneSeriesNinePreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassOneSeriesNinePreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997577_3_1">Class one series nine preferred shares.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassOneSeriesNinePreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997577_1_1">Class one series nine preferred shares [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassOneSeriesNinePreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997577_2_1">Class 1, Series 9 Preferred shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassOneSeriesNinePreferredSharesMember" xlink:to="mfc_ClassOneSeriesNinePreferredSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassOneSeriesNineteenPreferredSharesMember" xlink:label="mfc_ClassOneSeriesNineteenPreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassOneSeriesNineteenPreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997570_3_1">Class one series nineteen preferred shares.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassOneSeriesNineteenPreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997570_1_1">Class one series nineteen preferred shares [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassOneSeriesNineteenPreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997570_2_1">Class 1, Series 19 Preferred shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassOneSeriesNineteenPreferredSharesMember" xlink:to="mfc_ClassOneSeriesNineteenPreferredSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassOneSeriesSevenPreferredSharesMember" xlink:label="mfc_ClassOneSeriesSevenPreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassOneSeriesSevenPreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997576_3_1">Class one series seven preferred shares.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassOneSeriesSevenPreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997576_1_1">Class one series seven preferred shares [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassOneSeriesSevenPreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997576_2_1">Class 1, Series 7 Preferred shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassOneSeriesSevenPreferredSharesMember" xlink:to="mfc_ClassOneSeriesSevenPreferredSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassOneSeriesSeventeenPreferredSharesMember" xlink:label="mfc_ClassOneSeriesSeventeenPreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassOneSeriesSeventeenPreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997573_3_1">Class one series seventeen preferred shares.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassOneSeriesSeventeenPreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997573_1_1">Class one series seventeen preferred shares [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassOneSeriesSeventeenPreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997573_2_1">Class 1, Series 17 Preferred shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassOneSeriesSeventeenPreferredSharesMember" xlink:to="mfc_ClassOneSeriesSeventeenPreferredSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassOneSeriesThirteenPreferredSharesMember" xlink:label="mfc_ClassOneSeriesThirteenPreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassOneSeriesThirteenPreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997569_3_1">Class one series thirteen preferred shares.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassOneSeriesThirteenPreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997569_1_1">Class one series thirteen preferred shares [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassOneSeriesThirteenPreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997569_2_1">Class 1, Series 13 Preferred shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassOneSeriesThirteenPreferredSharesMember" xlink:to="mfc_ClassOneSeriesThirteenPreferredSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassOneSeriesThreePreferredSharesMember" xlink:label="mfc_ClassOneSeriesThreePreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassOneSeriesThreePreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997609_3_1">Class one series three preferred shares.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassOneSeriesThreePreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997609_1_1">Class one series three preferred shares [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassOneSeriesThreePreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997609_2_1">Class 1, Series 3 Preferred shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassOneSeriesThreePreferredSharesMember" xlink:to="mfc_ClassOneSeriesThreePreferredSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassOneSeriesTwentyOnePreferredSharesMember" xlink:label="mfc_ClassOneSeriesTwentyOnePreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassOneSeriesTwentyOnePreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997571_3_1">Class one series twenty one preferred shares.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassOneSeriesTwentyOnePreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997571_1_1">Class one series twenty one preferred shares [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassOneSeriesTwentyOnePreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997571_2_1">Class 1, Series 21 Preferred shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassOneSeriesTwentyOnePreferredSharesMember" xlink:to="mfc_ClassOneSeriesTwentyOnePreferredSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassOneSeriesTwentyThreePreferredSharesMember" xlink:label="mfc_ClassOneSeriesTwentyThreePreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassOneSeriesTwentyThreePreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997567_3_1">Class one series twenty three preferred shares.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassOneSeriesTwentyThreePreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997567_1_1">Class one series twenty three preferred shares [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassOneSeriesTwentyThreePreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997567_2_1">Class 1, Series 23 Preferred shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassOneSeriesTwentyThreePreferredSharesMember" xlink:to="mfc_ClassOneSeriesTwentyThreePreferredSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassOneSharesSeriesElevenMember" xlink:label="mfc_ClassOneSharesSeriesElevenMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassOneSharesSeriesElevenMember_lbl" xml:lang="en-US" id="id_12895287_2997753_3_1">Class one shares series eleven.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassOneSharesSeriesElevenMember_lbl" xml:lang="en-US" id="id_12895287_2997753_1_1">Class One Shares Series Eleven [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassOneSharesSeriesElevenMember_lbl" xml:lang="en-US" id="id_12895287_2997753_2_1">Class 1 Shares Series 11 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassOneSharesSeriesElevenMember" xlink:to="mfc_ClassOneSharesSeriesElevenMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassOneSharesSeriesFifteenMember" xlink:label="mfc_ClassOneSharesSeriesFifteenMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassOneSharesSeriesFifteenMember_lbl" xml:lang="en-US" id="id_12895287_2997755_3_1">Class one shares series fifteen.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassOneSharesSeriesFifteenMember_lbl" xml:lang="en-US" id="id_12895287_2997755_1_1">Class One Shares Series Fifteen [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassOneSharesSeriesFifteenMember_lbl" xml:lang="en-US" id="id_12895287_2997755_2_1">Class 1 Shares Series 15 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassOneSharesSeriesFifteenMember" xlink:to="mfc_ClassOneSharesSeriesFifteenMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassOneSharesSeriesFiveMember" xlink:label="mfc_ClassOneSharesSeriesFiveMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassOneSharesSeriesFiveMember_lbl" xml:lang="en-US" id="id_12895287_2997750_3_1">Class one shares series five.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassOneSharesSeriesFiveMember_lbl" xml:lang="en-US" id="id_12895287_2997750_1_1">Class One Shares Series Five [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassOneSharesSeriesFiveMember_lbl" xml:lang="en-US" id="id_12895287_2997750_2_1">Class 1 Shares Series 5 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassOneSharesSeriesFiveMember" xlink:to="mfc_ClassOneSharesSeriesFiveMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassOneSharesSeriesFourMember" xlink:label="mfc_ClassOneSharesSeriesFourMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassOneSharesSeriesFourMember_lbl" xml:lang="en-US" id="id_12895287_2997749_3_1">Class one shares series four.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassOneSharesSeriesFourMember_lbl" xml:lang="en-US" id="id_12895287_2997749_1_1">Class One Shares Series Four [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassOneSharesSeriesFourMember_lbl" xml:lang="en-US" id="id_12895287_2997749_2_1">Class 1 Shares Series 4 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassOneSharesSeriesFourMember" xlink:to="mfc_ClassOneSharesSeriesFourMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassOneSharesSeriesNineMember" xlink:label="mfc_ClassOneSharesSeriesNineMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassOneSharesSeriesNineMember_lbl" xml:lang="en-US" id="id_12895287_2997752_3_1">Class one shares series nine.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassOneSharesSeriesNineMember_lbl" xml:lang="en-US" id="id_12895287_2997752_1_1">Class One Shares Series Nine [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassOneSharesSeriesNineMember_lbl" xml:lang="en-US" id="id_12895287_2997752_2_1">Class 1 Shares Series 9 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassOneSharesSeriesNineMember" xlink:to="mfc_ClassOneSharesSeriesNineMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassOneSharesSeriesNineteenMember" xlink:label="mfc_ClassOneSharesSeriesNineteenMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassOneSharesSeriesNineteenMember_lbl" xml:lang="en-US" id="id_12895287_2997757_3_1">Class one shares series nineteen.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassOneSharesSeriesNineteenMember_lbl" xml:lang="en-US" id="id_12895287_2997757_1_1">Class One Shares Series Nineteen [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassOneSharesSeriesNineteenMember_lbl" xml:lang="en-US" id="id_12895287_2997757_2_1">Class 1 Shares Series 19 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassOneSharesSeriesNineteenMember" xlink:to="mfc_ClassOneSharesSeriesNineteenMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassOneSharesSeriesSevenMember" xlink:label="mfc_ClassOneSharesSeriesSevenMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassOneSharesSeriesSevenMember_lbl" xml:lang="en-US" id="id_12895287_2997751_3_1">Class one shares series seven.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassOneSharesSeriesSevenMember_lbl" xml:lang="en-US" id="id_12895287_2997751_1_1">Class One Shares Series Seven [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassOneSharesSeriesSevenMember_lbl" xml:lang="en-US" id="id_12895287_2997751_2_1">Class 1 Shares Series 7 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassOneSharesSeriesSevenMember" xlink:to="mfc_ClassOneSharesSeriesSevenMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassOneSharesSeriesSeventeenMember" xlink:label="mfc_ClassOneSharesSeriesSeventeenMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassOneSharesSeriesSeventeenMember_lbl" xml:lang="en-US" id="id_12895287_2997756_3_1">Class one shares series seventeen.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassOneSharesSeriesSeventeenMember_lbl" xml:lang="en-US" id="id_12895287_2997756_1_1">Class One Shares Series Seventeen [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassOneSharesSeriesSeventeenMember_lbl" xml:lang="en-US" id="id_12895287_2997756_2_1">Class 1 Shares Series 17 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassOneSharesSeriesSeventeenMember" xlink:to="mfc_ClassOneSharesSeriesSeventeenMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassOneSharesSeriesThirteenMember" xlink:label="mfc_ClassOneSharesSeriesThirteenMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassOneSharesSeriesThirteenMember_lbl" xml:lang="en-US" id="id_12895287_2997754_3_1">Class one shares series thirteen.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassOneSharesSeriesThirteenMember_lbl" xml:lang="en-US" id="id_12895287_2997754_1_1">Class One Shares Series Thirteen [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassOneSharesSeriesThirteenMember_lbl" xml:lang="en-US" id="id_12895287_2997754_2_1">Class 1 Shares Series 13 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassOneSharesSeriesThirteenMember" xlink:to="mfc_ClassOneSharesSeriesThirteenMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassOneSharesSeriesThreeMember" xlink:label="mfc_ClassOneSharesSeriesThreeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassOneSharesSeriesThreeMember_lbl" xml:lang="en-US" id="id_12895287_2997748_3_1">Class one shares series three.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassOneSharesSeriesThreeMember_lbl" xml:lang="en-US" id="id_12895287_2997748_1_1">Class One Shares Series Three [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassOneSharesSeriesThreeMember_lbl" xml:lang="en-US" id="id_12895287_2997748_2_1">Class 1 Shares Series 3 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassOneSharesSeriesThreeMember" xlink:to="mfc_ClassOneSharesSeriesThreeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassOneSharesSeriesTwentyOneMember" xlink:label="mfc_ClassOneSharesSeriesTwentyOneMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassOneSharesSeriesTwentyOneMember_lbl" xml:lang="en-US" id="id_12895287_2997758_3_1">Class one shares series twenty one.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassOneSharesSeriesTwentyOneMember_lbl" xml:lang="en-US" id="id_12895287_2997758_1_1">Class One Shares Series Twenty One [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassOneSharesSeriesTwentyOneMember_lbl" xml:lang="en-US" id="id_12895287_2997758_2_1">Class 1 Shares Series 21 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassOneSharesSeriesTwentyOneMember" xlink:to="mfc_ClassOneSharesSeriesTwentyOneMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassOneSharesSeriesTwentyThreeMember" xlink:label="mfc_ClassOneSharesSeriesTwentyThreeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassOneSharesSeriesTwentyThreeMember_lbl" xml:lang="en-US" id="id_12895287_2997759_3_1">Class one shares series twenty three.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassOneSharesSeriesTwentyThreeMember_lbl" xml:lang="en-US" id="id_12895287_2997759_1_1">Class One Shares Series Twenty Three [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassOneSharesSeriesTwentyThreeMember_lbl" xml:lang="en-US" id="id_12895287_2997759_2_1">Class 1 Shares Series 23 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassOneSharesSeriesTwentyThreeMember" xlink:to="mfc_ClassOneSharesSeriesTwentyThreeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassSeriesThreePreferredSharesMember" xlink:label="mfc_ClassSeriesThreePreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassSeriesThreePreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997607_3_1">Class A series three preferred shares.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassSeriesThreePreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997607_1_1">Class A series three preferred shares [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassSeriesThreePreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997607_2_1">Class A, Series 3 Preferred shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassSeriesThreePreferredSharesMember" xlink:to="mfc_ClassSeriesThreePreferredSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClassSeriesTwoPreferredSharesMember" xlink:label="mfc_ClassSeriesTwoPreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClassSeriesTwoPreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997606_3_1">Class A series two preferred shares.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClassSeriesTwoPreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997606_1_1">Class A series two preferred shares [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClassSeriesTwoPreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2997606_2_1">Class A, Series 2 Preferred shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClassSeriesTwoPreferredSharesMember" xlink:to="mfc_ClassSeriesTwoPreferredSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ClearedSwapContractsMember" xlink:label="mfc_ClearedSwapContractsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ClearedSwapContractsMember_lbl" xml:lang="en-US" id="id_12895287_2997731_3_1">Cleared swap contracts.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ClearedSwapContractsMember_lbl" xml:lang="en-US" id="id_12895287_2997731_1_1">Cleared swap contracts [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ClearedSwapContractsMember_lbl" xml:lang="en-US" id="id_12895287_2997731_2_1">Cleared swap contracts [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ClearedSwapContractsMember" xlink:to="mfc_ClearedSwapContractsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CMBSecuritizationMember" xlink:label="mfc_CMBSecuritizationMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CMBSecuritizationMember_lbl" xml:lang="en-US" id="id_12895287_2998120_3_1">CMB securitization.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CMBSecuritizationMember_lbl" xml:lang="en-US" id="id_12895287_2998120_1_1">CMB securitization [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CMBSecuritizationMember_lbl" xml:lang="en-US" id="id_12895287_2998120_2_1">CMB securitization [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CMBSecuritizationMember" xlink:to="mfc_CMBSecuritizationMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CommercialMortgageAssetbackedSecuritiesMember" xlink:label="mfc_CommercialMortgageAssetbackedSecuritiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CommercialMortgageAssetbackedSecuritiesMember_lbl" xml:lang="en-US" id="id_12895287_2998143_3_1">Commercial mortgage asset-backed securities [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CommercialMortgageAssetbackedSecuritiesMember_lbl" xml:lang="en-US" id="id_12895287_2998143_1_1">Commercial mortgage asset-backed securities [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CommercialMortgageAssetbackedSecuritiesMember_lbl" xml:lang="en-US" id="id_12895287_2998143_2_1">Commercial mortgage asset-backed securities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CommercialMortgageAssetbackedSecuritiesMember" xlink:to="mfc_CommercialMortgageAssetbackedSecuritiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CommercialMortgageBackedSecurities1Member" xlink:label="mfc_CommercialMortgageBackedSecurities1Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CommercialMortgageBackedSecurities1Member_lbl" xml:lang="en-US" id="id_12895287_2995231_3_1">Commercial mortgage backed securities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CommercialMortgageBackedSecurities1Member_lbl" xml:lang="en-US" id="id_12895287_2995231_1_1">Commercial Mortgage Backed Securities 1 [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CommercialMortgageBackedSecurities1Member_lbl" xml:lang="en-US" id="id_12895287_2995231_2_1">CMBS [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CommercialMortgageBackedSecurities1Member" xlink:to="mfc_CommercialMortgageBackedSecurities1Member_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CommercialMortgagesAndPrivatePlacementsMember" xlink:label="mfc_CommercialMortgagesAndPrivatePlacementsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CommercialMortgagesAndPrivatePlacementsMember_lbl" xml:lang="en-US" id="id_12895287_2999023_3_1">Commercial mortgages and private placements.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CommercialMortgagesAndPrivatePlacementsMember_lbl" xml:lang="en-US" id="id_12895287_2999023_1_1">Commercial Mortgages And Private Placements [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CommercialMortgagesAndPrivatePlacementsMember_lbl" xml:lang="en-US" id="id_12895287_2999023_2_1">Commercial mortgages and private placements [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CommercialMortgagesAndPrivatePlacementsMember" xlink:to="mfc_CommercialMortgagesAndPrivatePlacementsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CommercialMortgagesMember" xlink:label="mfc_CommercialMortgagesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CommercialMortgagesMember_lbl" xml:lang="en-US" id="id_12895287_2997688_3_1">Commercial mortgages.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CommercialMortgagesMember_lbl" xml:lang="en-US" id="id_12895287_2997688_1_1">Commercial mortgages [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CommercialMortgagesMember_lbl" xml:lang="en-US" id="id_12895287_2997688_2_1">Commercial mortgages [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CommercialMortgagesMember" xlink:to="mfc_CommercialMortgagesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CommissionsInvestmentAndGeneralExpenses" xlink:label="mfc_CommissionsInvestmentAndGeneralExpenses"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CommissionsInvestmentAndGeneralExpenses_lbl" xml:lang="en-US" id="id_12895287_2962651_3_1">Commissions, investment and general expenses.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CommissionsInvestmentAndGeneralExpenses_lbl" xml:lang="en-US" id="id_12895287_2962651_1_1">Commissions, Investment and General Expenses</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CommissionsInvestmentAndGeneralExpenses_lbl" xml:lang="en-US" id="id_12895287_2962651_2_1">Commissions, investment and general expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CommissionsInvestmentAndGeneralExpenses" xlink:to="mfc_CommissionsInvestmentAndGeneralExpenses_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CommitmentAndContingenciesAbstract" xlink:label="mfc_CommitmentAndContingenciesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CommitmentAndContingenciesAbstract_lbl" xml:lang="en-US" id="id_12895287_2942908_3_1">Commitment And Contingencies [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CommitmentAndContingenciesAbstract_lbl" xml:lang="en-US" id="id_12895287_2942908_1_1">Commitment And Contingencies [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CommitmentAndContingenciesAbstract_lbl" xml:lang="en-US" id="id_12895287_2942908_2_1">Commitment And Contingencies [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CommitmentAndContingenciesAbstract" xlink:to="mfc_CommitmentAndContingenciesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ComponentsOfEquityAxis" xlink:label="ifrs-full_ComponentsOfEquityAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComponentsOfEquityAxis_lbl" xml:lang="en-US" id="id_12895287_2935452_1_1">Components of equity [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComponentsOfEquityAxis_lbl" xml:lang="en-US" id="id_12895287_2935452_2_1">Components of equity [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComponentsOfEquityAxis" xlink:to="ifrs-full_ComponentsOfEquityAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract_lbl" xml:lang="en-US" id="id_12895287_2935453_1_1">Components of other comprehensive income that will be reclassified to profit or loss, net of tax [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract_lbl" xml:lang="en-US" id="id_12895287_2935453_2_1">Items that may be subsequently reclassified to net income:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:to="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract_lbl" xml:lang="en-US" id="id_12895287_2935155_1_1">Components of other comprehensive income that will not be reclassified to profit or loss, net of tax [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract_lbl" xml:lang="en-US" id="id_12895287_2935155_2_1">Items that will not be reclassified to net income:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:to="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CompositionOfSegregatedFundsNetAssetsAbstract" xlink:label="mfc_CompositionOfSegregatedFundsNetAssetsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CompositionOfSegregatedFundsNetAssetsAbstract_lbl" xml:lang="en-US" id="id_12895287_2943098_3_1">Composition Of Segregated Funds Net Assets abstract.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CompositionOfSegregatedFundsNetAssetsAbstract_lbl" xml:lang="en-US" id="id_12895287_2943098_1_1">Composition Of Segregated Funds Net Assets [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CompositionOfSegregatedFundsNetAssetsAbstract_lbl" xml:lang="en-US" id="id_12895287_2943098_2_1">Composition of segregated funds net assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CompositionOfSegregatedFundsNetAssetsAbstract" xlink:to="mfc_CompositionOfSegregatedFundsNetAssetsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ComprehensiveIncome" xlink:label="ifrs-full_ComprehensiveIncome"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComprehensiveIncome_lbl" xml:lang="en-US" id="id_12895287_2934855_1_1">Comprehensive income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ComprehensiveIncome_lbl" xml:lang="en-US" id="id_12895287_2934855_6_1">Total comprehensive income, net of tax</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncome" xlink:to="ifrs-full_ComprehensiveIncome_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToAbstract_lbl" xml:lang="en-US" id="id_12895287_2935454_1_1">Comprehensive income attributable to [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToAbstract_lbl" xml:lang="en-US" id="id_12895287_2935454_2_1">Total comprehensive income (loss) attributed to:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:to="ifrs-full_ComprehensiveIncomeAttributableToAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_lbl" xml:lang="en-US" id="id_12895287_2935455_1_1">Comprehensive income, attributable to non-controlling interests</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_lbl" xml:lang="en-US" id="id_12895287_2935455_14_1">Non-controlling interests</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:to="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_lbl" xml:lang="en-US" id="id_12895287_2934856_1_1">Comprehensive income, attributable to owners of parent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_lbl" xml:lang="en-US" id="id_12895287_2934856_6_1">Shareholders</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:to="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ComprehensiveIncomeAttributableToParticipatingPolicyholders" xlink:label="mfc_ComprehensiveIncomeAttributableToParticipatingPolicyholders"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ComprehensiveIncomeAttributableToParticipatingPolicyholders_lbl" xml:lang="en-US" id="id_12895287_2959280_3_1">Comprehensive income attributable to participating policyholders.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ComprehensiveIncomeAttributableToParticipatingPolicyholders_lbl" xml:lang="en-US" id="id_12895287_2959280_1_1">Comprehensive Income Attributable to Participating Policyholders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_ComprehensiveIncomeAttributableToParticipatingPolicyholders_lbl" xml:lang="en-US" id="id_12895287_2959280_14_1">Participating policyholders</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ComprehensiveIncomeAttributableToParticipatingPolicyholders" xlink:to="mfc_ComprehensiveIncomeAttributableToParticipatingPolicyholders_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ComputerSoftwareMember" xlink:label="ifrs-full_ComputerSoftwareMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComputerSoftwareMember_lbl" xml:lang="en-US" id="id_12895287_2935457_1_1">Computer software [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComputerSoftwareMember_lbl" xml:lang="en-US" id="id_12895287_2935457_2_1">Software [Member]</label>
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    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ConcentrationsOfInsuranceRisk" xlink:label="mfc_ConcentrationsOfInsuranceRisk"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ConcentrationsOfInsuranceRisk_lbl" xml:lang="en-US" id="id_12895287_2962465_3_1">Concentrations of insurance risk.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ConcentrationsOfInsuranceRisk_lbl" xml:lang="en-US" id="id_12895287_2962465_2_1">Concentration risk of liabilities</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CondensedConsolidatedStatementsOfFinancialPositionLineItems_lbl" xml:lang="en-US" id="id_12895287_2943229_3_1">Condensed Consolidated Statements of Financial Position [Line Items].</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CondensedConsolidatedStatementsOfFinancialPositionLineItems_lbl" xml:lang="en-US" id="id_12895287_2943229_1_1">Condensed Consolidated Statements of Financial Position [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CondensedConsolidatedStatementsOfFinancialPositionLineItems_lbl" xml:lang="en-US" id="id_12895287_2943229_2_1">Condensed Consolidated Statements of Financial Position [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CondensedConsolidatedStatementsOfFinancialPositionLineItems" xlink:to="mfc_CondensedConsolidatedStatementsOfFinancialPositionLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CondensedConsolidatedStatementsOfFinancialPositionTable" xlink:label="mfc_CondensedConsolidatedStatementsOfFinancialPositionTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CondensedConsolidatedStatementsOfFinancialPositionTable_lbl" xml:lang="en-US" id="id_12895287_2979479_3_1">Table for Condensed Sonsolidated Statements of Financial Position.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CondensedConsolidatedStatementsOfFinancialPositionTable_lbl" xml:lang="en-US" id="id_12895287_2979479_1_1">Condensed Consolidated Statements of Financial Position [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CondensedConsolidatedStatementsOfFinancialPositionTable_lbl" xml:lang="en-US" id="id_12895287_2979479_2_1">Condensed Consolidated Statements of Financial Position [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CondensedConsolidatedStatementsOfFinancialPositionTable" xlink:to="mfc_CondensedConsolidatedStatementsOfFinancialPositionTable_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CondensedConsolidatedStatementsOfIncomeInformationLineItems" xlink:label="mfc_CondensedConsolidatedStatementsOfIncomeInformationLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CondensedConsolidatedStatementsOfIncomeInformationLineItems_lbl" xml:lang="en-US" id="id_12895287_2943228_3_1">Condensed consolidated statements of income information.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CondensedConsolidatedStatementsOfIncomeInformationLineItems_lbl" xml:lang="en-US" id="id_12895287_2943228_1_1">Condensed Consolidated Statements of Income Information [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CondensedConsolidatedStatementsOfIncomeInformationLineItems_lbl" xml:lang="en-US" id="id_12895287_2943228_2_1">Condensed Consolidated Statements of Income Information [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CondensedConsolidatedStatementsOfIncomeInformationLineItems" xlink:to="mfc_CondensedConsolidatedStatementsOfIncomeInformationLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CondensedConsolidatedStatementsOfIncomeInformationTable" xlink:label="mfc_CondensedConsolidatedStatementsOfIncomeInformationTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CondensedConsolidatedStatementsOfIncomeInformationTable_lbl" xml:lang="en-US" id="id_12895287_2979480_3_1">Condensed Consolidated Statements of Income Information [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CondensedConsolidatedStatementsOfIncomeInformationTable_lbl" xml:lang="en-US" id="id_12895287_2979480_1_1">Condensed Consolidated Statements of Income Information [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CondensedConsolidatedStatementsOfIncomeInformationTable_lbl" xml:lang="en-US" id="id_12895287_2979480_2_1">Condensed Consolidated Statements of Income Information [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CondensedConsolidatedStatementsOfIncomeInformationTable" xlink:to="mfc_CondensedConsolidatedStatementsOfIncomeInformationTable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis" xlink:label="ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis_lbl" xml:lang="en-US" id="id_12895287_2935158_1_1">Consolidated and separate financial statements [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis_lbl" xml:lang="en-US" id="id_12895287_2935158_2_1">Consolidated and separate financial statements [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis" xlink:to="ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ConsolidatedMember" xlink:label="ifrs-full_ConsolidatedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ConsolidatedMember_lbl" xml:lang="en-US" id="id_12895287_2934858_1_1">Consolidated [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ConsolidatedMember_lbl" xml:lang="en-US" id="id_12895287_2934858_2_1">Consolidated [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ConsolidatedMember" xlink:to="ifrs-full_ConsolidatedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ConsolidatingAdjustmentsMember" xlink:label="mfc_ConsolidatingAdjustmentsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ConsolidatingAdjustmentsMember_lbl" xml:lang="en-US" id="id_12895287_2998431_3_1">Consolidating adjustments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ConsolidatingAdjustmentsMember_lbl" xml:lang="en-US" id="id_12895287_2998431_1_1">Consolidating adjustments [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ConsolidatingAdjustmentsMember_lbl" xml:lang="en-US" id="id_12895287_2998431_2_1">Consolidating adjustments [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ConsolidatingAdjustmentsMember" xlink:to="mfc_ConsolidatingAdjustmentsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ConsolidationAdjustmentsMember" xlink:label="mfc_ConsolidationAdjustmentsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ConsolidationAdjustmentsMember_lbl" xml:lang="en-US" id="id_12895287_2980749_3_1">Consolidation adjustments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ConsolidationAdjustmentsMember_lbl" xml:lang="en-US" id="id_12895287_2980749_1_1">Consolidation adjustments [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ConsolidationAdjustmentsMember_lbl" xml:lang="en-US" id="id_12895287_2980749_2_1">Consolidation adjustments [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ConsolidationAdjustmentsMember" xlink:to="mfc_ConsolidationAdjustmentsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiaries" xlink:label="mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiaries"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiaries_lbl" xml:lang="en-US" id="id_12895287_2963204_3_1">Contract benefits and expenses to contract holders and beneficiaries.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiaries_lbl" xml:lang="en-US" id="id_12895287_2963204_1_1">Contract Benefits and Expenses to Contract Holders and Beneficiaries</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiaries_lbl" xml:lang="en-US" id="id_12895287_2963204_6_1">Total contract benefits and expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiaries" xlink:to="mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiaries_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiariesAbstract" xlink:label="mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiariesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiariesAbstract_lbl" xml:lang="en-US" id="id_12895287_2942624_3_1">Contract Benefits and Expenses to Contract Holders and Beneficiaries[abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiariesAbstract_lbl" xml:lang="en-US" id="id_12895287_2942624_1_1">Contract Benefits and Expenses to Contract Holders and Beneficiaries[abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiariesAbstract_lbl" xml:lang="en-US" id="id_12895287_2942624_2_1">Contract benefits and expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiariesAbstract" xlink:to="mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiariesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ContractLiabilitiesBenefits" xlink:label="mfc_ContractLiabilitiesBenefits"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ContractLiabilitiesBenefits_lbl" xml:lang="en-US" id="id_12895287_2962280_3_1">Contract liabilities benefits.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ContractLiabilitiesBenefits_lbl" xml:lang="en-US" id="id_12895287_2962280_1_1">Contract liabilities benefits</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ContractLiabilitiesBenefits_lbl" xml:lang="en-US" id="id_12895287_2962280_2_1">Contract liabilities benefits</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ContractLiabilitiesBenefits" xlink:to="mfc_ContractLiabilitiesBenefits_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ContractLiabilitiesInGrossClaimsAndBenefits" xlink:label="mfc_ContractLiabilitiesInGrossClaimsAndBenefits"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ContractLiabilitiesInGrossClaimsAndBenefits_lbl" xml:lang="en-US" id="id_12895287_2962279_3_1">Contract liabilities in gross claims and benefits.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ContractLiabilitiesInGrossClaimsAndBenefits_lbl" xml:lang="en-US" id="id_12895287_2962279_1_1">Contract liabilities in gross claims and benefits</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ContractLiabilitiesInGrossClaimsAndBenefits_lbl" xml:lang="en-US" id="id_12895287_2962279_2_1">Contract liabilities in gross claims and benefits</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ContractLiabilitiesInGrossClaimsAndBenefits" xlink:to="mfc_ContractLiabilitiesInGrossClaimsAndBenefits_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ContractualObligationsAndCommitmentsInvestmentContracts" xlink:label="mfc_ContractualObligationsAndCommitmentsInvestmentContracts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ContractualObligationsAndCommitmentsInvestmentContracts_lbl" xml:lang="en-US" id="id_12895287_2962584_3_1">Contractual obligations and commitments,investment contracts.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ContractualObligationsAndCommitmentsInvestmentContracts_lbl" xml:lang="en-US" id="id_12895287_2962584_1_1">Contractual Obligations And Commitments,Investment Contracts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ContractualObligationsAndCommitmentsInvestmentContracts_lbl" xml:lang="en-US" id="id_12895287_2962584_2_1">Contractual obligations and commitments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ContractualObligationsAndCommitmentsInvestmentContracts" xlink:to="mfc_ContractualObligationsAndCommitmentsInvestmentContracts_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ContributionsFromDistributionsToNoncontrollingInterests" xlink:label="mfc_ContributionsFromDistributionsToNoncontrollingInterests"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ContributionsFromDistributionsToNoncontrollingInterests_lbl" xml:lang="en-US" id="id_12895287_3030883_3_1">Contributions from (distributions to) non-controlling interests.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ContributionsFromDistributionsToNoncontrollingInterests_lbl" xml:lang="en-US" id="id_12895287_3030883_1_1">Contributions from (distributions to) non-controlling interests</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_ContributionsFromDistributionsToNoncontrollingInterests_lbl" xml:lang="en-US" id="id_12895287_3030883_14_1">Contributions from (distributions to) non-controlling interests, net</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ContributionsFromDistributionsToNoncontrollingInterests" xlink:to="mfc_ContributionsFromDistributionsToNoncontrollingInterests_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ContributionsNetNoncontrollingInterests" xlink:label="mfc_ContributionsNetNoncontrollingInterests"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ContributionsNetNoncontrollingInterests_lbl" xml:lang="en-US" id="id_12895287_2959271_3_1">Contributions net noncontrolling interests.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ContributionsNetNoncontrollingInterests_lbl" xml:lang="en-US" id="id_12895287_2959271_1_1">Contributions Net Noncontrolling Interests</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ContributionsNetNoncontrollingInterests_lbl" xml:lang="en-US" id="id_12895287_2959271_2_1">Contributions (distributions), net</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ContributionsNetNoncontrollingInterests" xlink:to="mfc_ContributionsNetNoncontrollingInterests_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2934869_1_1">Contributions to plan by employer, net defined benefit liability (asset)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2934869_14_1">Employer contributions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2936354_1_1">Contributions to plan by plan participants, net defined benefit liability (asset)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2936354_2_1">Plan participants' contributions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ContributionsToPlanNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_ContributionsToPlanNetDefinedBenefitLiabilityAsset"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ContributionsToPlanNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2936355_1_1">Contributions to plan, net defined benefit liability (asset)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ContributionsToPlanNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2936355_2_1">Cash payment for future benefit plans</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ContributionsToPlanNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_ContributionsToPlanNetDefinedBenefitLiabilityAsset_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CorporateAndSwapSpreadsMember" xlink:label="mfc_CorporateAndSwapSpreadsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CorporateAndSwapSpreadsMember_lbl" xml:lang="en-US" id="id_12895287_3030928_3_1">Corporate and swap spreads.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CorporateAndSwapSpreadsMember_lbl" xml:lang="en-US" id="id_12895287_3030928_1_1">Corporate and Swap Spreads [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CorporateAndSwapSpreadsMember_lbl" xml:lang="en-US" id="id_12895287_3030928_2_1">Corporate and swap spreads [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CorporateAndSwapSpreadsMember" xlink:to="mfc_CorporateAndSwapSpreadsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CorporateDebtMember" xlink:label="mfc_CorporateDebtMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CorporateDebtMember_lbl" xml:lang="en-US" id="id_12895287_2995224_3_1">Corporate.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CorporateDebtMember_lbl" xml:lang="en-US" id="id_12895287_2995224_1_1">Corporate Debt [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CorporateDebtMember_lbl" xml:lang="en-US" id="id_12895287_2995224_2_1">Corporate [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CorporateDebtMember" xlink:to="mfc_CorporateDebtMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CorporateMember" xlink:label="us-gaap_CorporateMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CorporateMember_lbl" xml:lang="en-US" id="id_12895287_2919441_1_1">Corporate Segment [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CorporateMember_lbl" xml:lang="en-US" id="id_12895287_2919441_2_1">Corporate [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CorporateMember" xlink:to="us-gaap_CorporateMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CorporateSpreadAssumptionsMember" xlink:label="mfc_CorporateSpreadAssumptionsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CorporateSpreadAssumptionsMember_lbl" xml:lang="en-US" id="id_12895287_3030864_3_1">Corporate Spread Assumptions [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CorporateSpreadAssumptionsMember_lbl" xml:lang="en-US" id="id_12895287_3030864_1_1">Corporate Spread Assumptions [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CorporateSpreadAssumptionsMember_lbl" xml:lang="en-US" id="id_12895287_3030864_2_1">Corporate Spread Assumptions [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CorporateSpreadAssumptionsMember" xlink:to="mfc_CorporateSpreadAssumptionsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CorporateSpreadsMember" xlink:label="mfc_CorporateSpreadsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CorporateSpreadsMember_lbl" xml:lang="en-US" id="id_12895287_2999270_3_1">Corporate spreads.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CorporateSpreadsMember_lbl" xml:lang="en-US" id="id_12895287_2999270_1_1">Corporate spreads [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CorporateSpreadsMember_lbl" xml:lang="en-US" id="id_12895287_2999270_2_1">Corporate spreads [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CorporateSpreadsMember" xlink:to="mfc_CorporateSpreadsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CountryNameAxis" xlink:label="mfc_CountryNameAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CountryNameAxis_lbl" xml:lang="en-US" id="id_12895287_2980328_3_1">Country Name [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CountryNameAxis_lbl" xml:lang="en-US" id="id_12895287_2980328_1_1">Country Name [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CountryNameAxis_lbl" xml:lang="en-US" id="id_12895287_2980328_2_1">Country Name [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CountryNameAxis" xlink:to="mfc_CountryNameAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CountryNameDomain" xlink:label="mfc_CountryNameDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CountryNameDomain_lbl" xml:lang="en-US" id="id_12895287_2981429_3_1">Country Name [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CountryNameDomain_lbl" xml:lang="en-US" id="id_12895287_2981429_1_1">Country Name [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CountryNameDomain_lbl" xml:lang="en-US" id="id_12895287_2981429_2_1">Country Name [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CountryNameDomain" xlink:to="mfc_CountryNameDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CreditDefaultSwapsMember" xlink:label="mfc_CreditDefaultSwapsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CreditDefaultSwapsMember_lbl" xml:lang="en-US" id="id_12895287_2996967_3_1">Credit default swaps.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CreditDefaultSwapsMember_lbl" xml:lang="en-US" id="id_12895287_2996967_1_1">Credit default swaps [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CreditDefaultSwapsMember_lbl" xml:lang="en-US" id="id_12895287_2996967_2_1">Credit default swaps [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CreditDefaultSwapsMember" xlink:to="mfc_CreditDefaultSwapsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CreditDerivativePurchasedCreditProtection1" xlink:label="mfc_CreditDerivativePurchasedCreditProtection1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CreditDerivativePurchasedCreditProtection1_lbl" xml:lang="en-US" id="id_12895287_2962056_3_1">Credit derivative purchased credit protection.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CreditDerivativePurchasedCreditProtection1_lbl" xml:lang="en-US" id="id_12895287_2962056_1_1">Credit derivative purchased credit protection1</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CreditDerivativePurchasedCreditProtection1_lbl" xml:lang="en-US" id="id_12895287_2962056_2_1">Credit protection purchased</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CreditDerivativePurchasedCreditProtection1" xlink:to="mfc_CreditDerivativePurchasedCreditProtection1_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CreditDerivativesMember" xlink:label="mfc_CreditDerivativesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CreditDerivativesMember_lbl" xml:lang="en-US" id="id_12895287_2997744_3_1">Credit derivatives.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CreditDerivativesMember_lbl" xml:lang="en-US" id="id_12895287_2997744_1_1">Credit derivatives [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CreditDerivativesMember_lbl" xml:lang="en-US" id="id_12895287_2997744_2_1">Credit derivatives [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CreditDerivativesMember" xlink:to="mfc_CreditDerivativesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CreditFacilityWithDbsBankLtdMember" xlink:label="mfc_CreditFacilityWithDbsBankLtdMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CreditFacilityWithDbsBankLtdMember_lbl" xml:lang="en-US" id="id_12895287_2997709_3_1">DBS Bank Ltd.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CreditFacilityWithDbsBankLtdMember_lbl" xml:lang="en-US" id="id_12895287_2997709_1_1">Credit facility with DBS Bank Ltd [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CreditFacilityWithDbsBankLtdMember_lbl" xml:lang="en-US" id="id_12895287_2997709_2_1">DBS Bank Ltd [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CreditFacilityWithDbsBankLtdMember" xlink:to="mfc_CreditFacilityWithDbsBankLtdMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CreditLinkedNoteMember" xlink:label="mfc_CreditLinkedNoteMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CreditLinkedNoteMember_lbl" xml:lang="en-US" id="id_12895287_2983656_3_1">Credit linked note.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CreditLinkedNoteMember_lbl" xml:lang="en-US" id="id_12895287_2983656_1_1">Credit Linked Note [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CreditLinkedNoteMember_lbl" xml:lang="en-US" id="id_12895287_2983656_2_1">Credit Linked Note [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CreditLinkedNoteMember" xlink:to="mfc_CreditLinkedNoteMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CreditRiskDerivativesAtFairValueNet1" xlink:label="mfc_CreditRiskDerivativesAtFairValueNet1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CreditRiskDerivativesAtFairValueNet1_lbl" xml:lang="en-US" id="id_12895287_2962207_3_1">Credit risk derivatives at fair value net.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CreditRiskDerivativesAtFairValueNet1_lbl" xml:lang="en-US" id="id_12895287_2962207_1_1">Credit risk derivatives at fair value net1</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CreditRiskDerivativesAtFairValueNet1_lbl" xml:lang="en-US" id="id_12895287_2962207_2_1">Credit risk equivalent</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CreditRiskDerivativesAtFairValueNet1" xlink:to="mfc_CreditRiskDerivativesAtFairValueNet1_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CreditRiskWeightedAmount" xlink:label="mfc_CreditRiskWeightedAmount"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CreditRiskWeightedAmount_lbl" xml:lang="en-US" id="id_12895287_2962198_3_1">Credit risk weighted amount.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CreditRiskWeightedAmount_lbl" xml:lang="en-US" id="id_12895287_2962198_1_1">Credit risk weighted amount</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CreditRiskWeightedAmount_lbl" xml:lang="en-US" id="id_12895287_2962198_2_1">Risk- weighted amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CreditRiskWeightedAmount" xlink:to="mfc_CreditRiskWeightedAmount_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CurrencyMovementOfMultipleSignificantUnobservableInputsOnDerivativeInstruments" xlink:label="mfc_CurrencyMovementOfMultipleSignificantUnobservableInputsOnDerivativeInstruments"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CurrencyMovementOfMultipleSignificantUnobservableInputsOnDerivativeInstruments_lbl" xml:lang="en-US" id="id_12895287_2962185_3_1">Currency movement of multiple significant unobservable inputs on derivative instruments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CurrencyMovementOfMultipleSignificantUnobservableInputsOnDerivativeInstruments_lbl" xml:lang="en-US" id="id_12895287_2962185_1_1">Currency movement of multiple significant unobservable inputs on derivative instruments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_CurrencyMovementOfMultipleSignificantUnobservableInputsOnDerivativeInstruments_lbl" xml:lang="en-US" id="id_12895287_2962185_14_1">Currency movement</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CurrencyMovementOfMultipleSignificantUnobservableInputsOnDerivativeInstruments" xlink:to="mfc_CurrencyMovementOfMultipleSignificantUnobservableInputsOnDerivativeInstruments_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CurrencyRateFuturesMember" xlink:label="mfc_CurrencyRateFuturesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CurrencyRateFuturesMember_lbl" xml:lang="en-US" id="id_12895287_2997851_3_1">Currency rate futures.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CurrencyRateFuturesMember_lbl" xml:lang="en-US" id="id_12895287_2997851_1_1">Currency rate futures [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CurrencyRateFuturesMember_lbl" xml:lang="en-US" id="id_12895287_2997851_2_1">Currency rate futures [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CurrencyRateFuturesMember" xlink:to="mfc_CurrencyRateFuturesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrencyRiskMember" xlink:label="ifrs-full_CurrencyRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrencyRiskMember_lbl" xml:lang="en-US" id="id_12895287_2934877_1_1">Currency risk [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrencyRiskMember_lbl" xml:lang="en-US" id="id_12895287_2934877_2_1">Foreign Exchange Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrencyRiskMember" xlink:to="ifrs-full_CurrencyRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrencySwapContractMember" xlink:label="ifrs-full_CurrencySwapContractMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrencySwapContractMember_lbl" xml:lang="en-US" id="id_12895287_2936156_1_1">Currency swap contract [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrencySwapContractMember_lbl" xml:lang="en-US" id="id_12895287_2936156_2_1">Foreign currency swaps [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrencySwapContractMember" xlink:to="ifrs-full_CurrencySwapContractMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentAndDeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity" xlink:label="ifrs-full_CurrentAndDeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentAndDeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity_lbl" xml:lang="en-US" id="id_12895287_2935180_1_1">Current and deferred tax relating to items credited (charged) directly to equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CurrentAndDeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity_lbl" xml:lang="en-US" id="id_12895287_2935180_6_1">Income tax expense (recovery)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentAndDeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity" xlink:to="ifrs-full_CurrentAndDeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US" id="id_12895287_2934499_1_1">Current Fiscal Year End Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US" id="id_12895287_2934499_2_1">Current Fiscal Year End Date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2936187_1_1">Current service cost, net defined benefit liability (asset)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2936187_2_1">Current service cost</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2936187_14_1">Defined benefit current service cost</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentTaxAssetsCurrent" xlink:label="ifrs-full_CurrentTaxAssetsCurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentTaxAssetsCurrent_lbl" xml:lang="en-US" id="id_12895287_2936391_1_1">Current tax assets, current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentTaxAssetsCurrent_lbl" xml:lang="en-US" id="id_12895287_2936391_2_1">Current tax receivable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTaxAssetsCurrent" xlink:to="ifrs-full_CurrentTaxAssetsCurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentTaxExpenseIncome" xlink:label="ifrs-full_CurrentTaxExpenseIncome"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentTaxExpenseIncome_lbl" xml:lang="en-US" id="id_12895287_2936189_1_1">Current tax expense (income)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentTaxExpenseIncome_lbl" xml:lang="en-US" id="id_12895287_2936189_2_1">Current year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTaxExpenseIncome" xlink:to="ifrs-full_CurrentTaxExpenseIncome_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods" xlink:label="ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods_lbl" xml:lang="en-US" id="id_12895287_2936190_1_1">Current tax expense (income) and adjustments for current tax of prior periods</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods_lbl" xml:lang="en-US" id="id_12895287_2936190_6_1">Current tax</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods" xlink:to="ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract" xlink:label="ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract_lbl" xml:lang="en-US" id="id_12895287_2934903_1_1">Current tax expense (income) and adjustments for current tax of prior periods [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract_lbl" xml:lang="en-US" id="id_12895287_2934903_2_1">Current tax</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract" xlink:to="ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:label="ifrs-full_CurrentTaxLiabilitiesCurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentTaxLiabilitiesCurrent_lbl" xml:lang="en-US" id="id_12895287_2936192_1_1">Current tax liabilities, current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentTaxLiabilitiesCurrent_lbl" xml:lang="en-US" id="id_12895287_2936192_2_1">Current tax payable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:to="ifrs-full_CurrentTaxLiabilitiesCurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentTaxRelatingToItemsChargedOrCreditedDirectlyToEquity" xlink:label="ifrs-full_CurrentTaxRelatingToItemsChargedOrCreditedDirectlyToEquity"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentTaxRelatingToItemsChargedOrCreditedDirectlyToEquity_lbl" xml:lang="en-US" id="id_12895287_2936392_1_1">Current tax relating to items credited (charged) directly to equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentTaxRelatingToItemsChargedOrCreditedDirectlyToEquity_lbl" xml:lang="en-US" id="id_12895287_2936392_2_1">Current income tax expense (recovery)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTaxRelatingToItemsChargedOrCreditedDirectlyToEquity" xlink:to="ifrs-full_CurrentTaxRelatingToItemsChargedOrCreditedDirectlyToEquity_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CurrentTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome" xlink:label="mfc_CurrentTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CurrentTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_12895287_2962171_3_1">Current tax relating to items credited charged directly to other comprehensive income.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CurrentTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_12895287_2962171_1_1">Current tax relating to items credited charged directly to other comprehensive income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CurrentTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_12895287_2962171_2_1">Current income tax expense (recovery)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CurrentTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome" xlink:to="mfc_CurrentTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CustomerrelatedIntangibleAssetsMember" xlink:label="ifrs-full_CustomerrelatedIntangibleAssetsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CustomerrelatedIntangibleAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2934904_1_1">Customer-related intangible assets [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CustomerrelatedIntangibleAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2934904_2_1">Customer relationships [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CustomerrelatedIntangibleAssetsMember" xlink:to="ifrs-full_CustomerrelatedIntangibleAssetsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_CyclicalConsumerMember" xlink:label="mfc_CyclicalConsumerMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_CyclicalConsumerMember_lbl" xml:lang="en-US" id="id_12895287_2997677_3_1">Cyclical consumer.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_CyclicalConsumerMember_lbl" xml:lang="en-US" id="id_12895287_2997677_1_1">Cyclical consumer [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_CyclicalConsumerMember_lbl" xml:lang="en-US" id="id_12895287_2997677_2_1">Consumer (cyclical) [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_CyclicalConsumerMember" xlink:to="mfc_CyclicalConsumerMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DeathBenefitMember" xlink:label="mfc_DeathBenefitMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DeathBenefitMember_lbl" xml:lang="en-US" id="id_12895287_3002434_3_1">Death benefit.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DeathBenefitMember_lbl" xml:lang="en-US" id="id_12895287_3002434_1_1">Death benefit [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DeathBenefitMember_lbl" xml:lang="en-US" id="id_12895287_3002434_2_1">Death benefits [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DeathBenefitMember" xlink:to="mfc_DeathBenefitMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DeathDisabilityAndOtherClaimsMember" xlink:label="mfc_DeathDisabilityAndOtherClaimsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DeathDisabilityAndOtherClaimsMember_lbl" xml:lang="en-US" id="id_12895287_2997614_3_1">Death, disability and other claims [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DeathDisabilityAndOtherClaimsMember_lbl" xml:lang="en-US" id="id_12895287_2997614_1_1">Death, disability and other claims [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DeathDisabilityAndOtherClaimsMember_lbl" xml:lang="en-US" id="id_12895287_2997614_2_1">Death, disability and other claims [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DeathDisabilityAndOtherClaimsMember" xlink:to="mfc_DeathDisabilityAndOtherClaimsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DebtInstrumentBasisPoints" xlink:label="mfc_DebtInstrumentBasisPoints"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DebtInstrumentBasisPoints_lbl" xml:lang="en-US" id="id_12895287_3022530_3_1">Debt instrument basis points.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DebtInstrumentBasisPoints_lbl" xml:lang="en-US" id="id_12895287_3022530_1_1">Debt instrument basis points</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DebtInstrumentBasisPoints_lbl" xml:lang="en-US" id="id_12895287_3022530_2_1">Number of basis points</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DebtInstrumentBasisPoints" xlink:to="mfc_DebtInstrumentBasisPoints_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DebtInstrumentIssuanceDate2" xlink:label="mfc_DebtInstrumentIssuanceDate2"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DebtInstrumentIssuanceDate2_lbl" xml:lang="en-US" id="id_12895287_2976404_3_1">Debt instrument issuance date2.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DebtInstrumentIssuanceDate2_lbl" xml:lang="en-US" id="id_12895287_2976404_1_1">Debt instrument issuance date2</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DebtInstrumentIssuanceDate2_lbl" xml:lang="en-US" id="id_12895287_2976404_2_1">Issue date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DebtInstrumentIssuanceDate2" xlink:to="mfc_DebtInstrumentIssuanceDate2_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DebtInstrumentMaturityDate1" xlink:label="mfc_DebtInstrumentMaturityDate1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DebtInstrumentMaturityDate1_lbl" xml:lang="en-US" id="id_12895287_2976409_3_1">Debt instrument maturity date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DebtInstrumentMaturityDate1_lbl" xml:lang="en-US" id="id_12895287_2976409_1_1">Debt instrument maturity date1</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DebtInstrumentMaturityDate1_lbl" xml:lang="en-US" id="id_12895287_2976409_2_1">Maturity date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DebtInstrumentMaturityDate1" xlink:to="mfc_DebtInstrumentMaturityDate1_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DebtInstrumentMaturityPeriod" xlink:label="mfc_DebtInstrumentMaturityPeriod"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DebtInstrumentMaturityPeriod_lbl" xml:lang="en-US" id="id_12895287_2977529_3_1">Debt instrument maturity period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DebtInstrumentMaturityPeriod_lbl" xml:lang="en-US" id="id_12895287_2977529_1_1">Debt instrument maturity period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DebtInstrumentMaturityPeriod_lbl" xml:lang="en-US" id="id_12895287_2977529_2_1">Debt instrument, maturity period</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DebtInstrumentMaturityPeriod" xlink:to="mfc_DebtInstrumentMaturityPeriod_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DebtInstrumentParValue" xlink:label="mfc_DebtInstrumentParValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DebtInstrumentParValue_lbl" xml:lang="en-US" id="id_12895287_2963208_3_1">Debt instrument par value.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DebtInstrumentParValue_lbl" xml:lang="en-US" id="id_12895287_2963208_1_1">Debt Instrument Par Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DebtInstrumentParValue_lbl" xml:lang="en-US" id="id_12895287_2963208_2_1">Par value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DebtInstrumentParValue" xlink:to="mfc_DebtInstrumentParValue_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DebtInstrumentRedemptionDate" xlink:label="mfc_DebtInstrumentRedemptionDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DebtInstrumentRedemptionDate_lbl" xml:lang="en-US" id="id_12895287_2976403_3_1">Debt instrument redemption date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DebtInstrumentRedemptionDate_lbl" xml:lang="en-US" id="id_12895287_2976403_1_1">Debt Instrument Redemption Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DebtInstrumentRedemptionDate_lbl" xml:lang="en-US" id="id_12895287_2976403_2_1">Earliest par redemption date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DebtInstrumentRedemptionDate" xlink:to="mfc_DebtInstrumentRedemptionDate_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DebtInstrumentsAmountContributedToFairValueOfPlanAssets" xlink:label="ifrs-full_DebtInstrumentsAmountContributedToFairValueOfPlanAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DebtInstrumentsAmountContributedToFairValueOfPlanAssets_lbl" xml:lang="en-US" id="id_12895287_2936395_1_1">Debt instruments, amount contributed to fair value of plan assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DebtInstrumentsAmountContributedToFairValueOfPlanAssets_lbl" xml:lang="en-US" id="id_12895287_2936395_2_1">Debt securities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DebtInstrumentsAmountContributedToFairValueOfPlanAssets" xlink:to="ifrs-full_DebtInstrumentsAmountContributedToFairValueOfPlanAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DebtInstrumentsHeld" xlink:label="ifrs-full_DebtInstrumentsHeld"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DebtInstrumentsHeld_lbl" xml:lang="en-US" id="id_12895287_2934912_1_1">Debt instruments held</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DebtInstrumentsHeld_lbl" xml:lang="en-US" id="id_12895287_2934912_2_1">Debt securities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DebtInstrumentsHeld" xlink:to="ifrs-full_DebtInstrumentsHeld_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DebtRedemptionPremiumBeforeTax" xlink:label="mfc_DebtRedemptionPremiumBeforeTax"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DebtRedemptionPremiumBeforeTax_lbl" xml:lang="en-US" id="id_12895287_3030872_3_1">Debt redemption premium before tax.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DebtRedemptionPremiumBeforeTax_lbl" xml:lang="en-US" id="id_12895287_3030872_1_1">Debt redemption premium before tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DebtRedemptionPremiumBeforeTax_lbl" xml:lang="en-US" id="id_12895287_3030872_2_1">Early redemption premium before income taxes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DebtRedemptionPremiumBeforeTax" xlink:to="mfc_DebtRedemptionPremiumBeforeTax_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DebtSecurities" xlink:label="ifrs-full_DebtSecurities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DebtSecurities_lbl" xml:lang="en-US" id="id_12895287_2935206_1_1">Debt instruments issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="ifrs-full_DebtSecurities_lbl" xml:lang="en-US" id="id_12895287_2935206_32_1">Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DebtSecurities_lbl" xml:lang="en-US" id="id_12895287_2935206_2_1">Capital instruments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DebtSecurities_lbl" xml:lang="en-US" id="id_12895287_2935206_12_1">Capital instruments (note 12)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DebtSecurities" xlink:to="ifrs-full_DebtSecurities_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DebtSecuritiesAndPrivatePlacements" xlink:label="mfc_DebtSecuritiesAndPrivatePlacements"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DebtSecuritiesAndPrivatePlacements_lbl" xml:lang="en-US" id="id_12895287_2962586_3_1">Debt securities and private placements.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DebtSecuritiesAndPrivatePlacements_lbl" xml:lang="en-US" id="id_12895287_2962586_1_1">Debt Securities and Private Placements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DebtSecuritiesAndPrivatePlacements_lbl" xml:lang="en-US" id="id_12895287_2962586_2_1">Carrying value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DebtSecuritiesAndPrivatePlacements" xlink:to="mfc_DebtSecuritiesAndPrivatePlacements_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DebtSecuritiesAndPrivatePlacementsInvestmentPercentage" xlink:label="mfc_DebtSecuritiesAndPrivatePlacementsInvestmentPercentage"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DebtSecuritiesAndPrivatePlacementsInvestmentPercentage_lbl" xml:lang="en-US" id="id_12895287_3022817_3_1">Debt securities and private placements investment percentage.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DebtSecuritiesAndPrivatePlacementsInvestmentPercentage_lbl" xml:lang="en-US" id="id_12895287_3022817_1_1">Debt Securities And Private Placements Investment Percentage</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DebtSecuritiesAndPrivatePlacementsInvestmentPercentage_lbl" xml:lang="en-US" id="id_12895287_3022817_2_1">Debt securities and private placements rated as investment grade BBB or higher</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DebtSecuritiesAndPrivatePlacementsInvestmentPercentage" xlink:to="mfc_DebtSecuritiesAndPrivatePlacementsInvestmentPercentage_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DebtSecuritiesAndPrivatePlacementsPercentage" xlink:label="mfc_DebtSecuritiesAndPrivatePlacementsPercentage"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DebtSecuritiesAndPrivatePlacementsPercentage_lbl" xml:lang="en-US" id="id_12895287_3022813_3_1">Debt securities and private placements percentage.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DebtSecuritiesAndPrivatePlacementsPercentage_lbl" xml:lang="en-US" id="id_12895287_3022813_1_1">Debt Securities And Private Placements Percentage</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DebtSecuritiesAndPrivatePlacementsPercentage_lbl" xml:lang="en-US" id="id_12895287_3022813_2_1">% of total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DebtSecuritiesAndPrivatePlacementsPercentage" xlink:to="mfc_DebtSecuritiesAndPrivatePlacementsPercentage_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DebtSecuritiesIssuanceDate" xlink:label="mfc_DebtSecuritiesIssuanceDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DebtSecuritiesIssuanceDate_lbl" xml:lang="en-US" id="id_12895287_2976413_3_1">Debt securities issuance date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DebtSecuritiesIssuanceDate_lbl" xml:lang="en-US" id="id_12895287_2976413_1_1">Debt securities issuance date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DebtSecuritiesIssuanceDate_lbl" xml:lang="en-US" id="id_12895287_2976413_2_1">Issuance date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DebtSecuritiesIssuanceDate" xlink:to="mfc_DebtSecuritiesIssuanceDate_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DebtSecuritiesMaturityDate" xlink:label="mfc_DebtSecuritiesMaturityDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DebtSecuritiesMaturityDate_lbl" xml:lang="en-US" id="id_12895287_2976412_3_1">Debt securities maturity date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DebtSecuritiesMaturityDate_lbl" xml:lang="en-US" id="id_12895287_2976412_1_1">Debt securities maturity date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DebtSecuritiesMaturityDate_lbl" xml:lang="en-US" id="id_12895287_2976412_2_1">Maturity date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DebtSecuritiesMaturityDate" xlink:to="mfc_DebtSecuritiesMaturityDate_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DebtSecuritiesMember" xlink:label="ifrs-full_DebtSecuritiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DebtSecuritiesMember_lbl" xml:lang="en-US" id="id_12895287_2936196_1_1">Debt securities [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DebtSecuritiesMember_lbl" xml:lang="en-US" id="id_12895287_2936196_2_1">Debt securities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DebtSecuritiesMember" xlink:to="ifrs-full_DebtSecuritiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DecreaseInMortalityRate" xlink:label="mfc_DecreaseInMortalityRate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DecreaseInMortalityRate_lbl" xml:lang="en-US" id="id_12895287_3022570_3_1">Decrease in mortality rate.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DecreaseInMortalityRate_lbl" xml:lang="en-US" id="id_12895287_3022570_1_1">Decrease in mortality rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DecreaseInMortalityRate_lbl" xml:lang="en-US" id="id_12895287_3022570_2_1">Decrease in mortality rates</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DecreaseInMortalityRate" xlink:to="mfc_DecreaseInMortalityRate_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DecreaseInProfitLossAttributableToShareholdersDueToPolicyRelatedAssumptions" xlink:label="mfc_DecreaseInProfitLossAttributableToShareholdersDueToPolicyRelatedAssumptions"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DecreaseInProfitLossAttributableToShareholdersDueToPolicyRelatedAssumptions_lbl" xml:lang="en-US" id="id_12895287_2963226_3_1">Decrease in profit loss attributable to shareholders due to policy related assumptions.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DecreaseInProfitLossAttributableToShareholdersDueToPolicyRelatedAssumptions_lbl" xml:lang="en-US" id="id_12895287_2963226_1_1">Decrease In Profit Loss Attributable To Shareholders Due To Policy Related Assumptions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_DecreaseInProfitLossAttributableToShareholdersDueToPolicyRelatedAssumptions_lbl" xml:lang="en-US" id="id_12895287_2963226_14_1">Decrease in net income attributable to shareholders</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DecreaseInProfitLossAttributableToShareholdersDueToPolicyRelatedAssumptions" xlink:to="mfc_DecreaseInProfitLossAttributableToShareholdersDueToPolicyRelatedAssumptions_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DecreaseThroughWriteoffFinancialAssets" xlink:label="ifrs-full_DecreaseThroughWriteoffFinancialAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DecreaseThroughWriteoffFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2934920_1_1">Decrease through write-off, financial assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DecreaseThroughWriteoffFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2934920_2_1">Write-offs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DecreaseThroughWriteoffFinancialAssets" xlink:to="ifrs-full_DecreaseThroughWriteoffFinancialAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DeferPaymentOfAllOrPartOfRSUsOrPSUsMember" xlink:label="mfc_DeferPaymentOfAllOrPartOfRSUsOrPSUsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DeferPaymentOfAllOrPartOfRSUsOrPSUsMember_lbl" xml:lang="en-US" id="id_12895287_2998147_3_1">Defer payment of all or part of RSUs or PSUs.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DeferPaymentOfAllOrPartOfRSUsOrPSUsMember_lbl" xml:lang="en-US" id="id_12895287_2998147_1_1">Defer Payment Of All Or Part Of RSUs OR PSUs [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DeferPaymentOfAllOrPartOfRSUsOrPSUsMember_lbl" xml:lang="en-US" id="id_12895287_2998147_2_1">Defer payment of all or part of RSUs or PSUs [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DeferPaymentOfAllOrPartOfRSUsOrPSUsMember" xlink:to="mfc_DeferPaymentOfAllOrPartOfRSUsOrPSUsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DeferReceiptOfAllOrPartOfAnnualBonusMember" xlink:label="mfc_DeferReceiptOfAllOrPartOfAnnualBonusMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DeferReceiptOfAllOrPartOfAnnualBonusMember_lbl" xml:lang="en-US" id="id_12895287_2998146_3_1">Defer receipt of all or part of annual bonus.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DeferReceiptOfAllOrPartOfAnnualBonusMember_lbl" xml:lang="en-US" id="id_12895287_2998146_1_1">Defer receipt of all or part of annual bonus [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DeferReceiptOfAllOrPartOfAnnualBonusMember_lbl" xml:lang="en-US" id="id_12895287_2998146_2_1">Defer receipt of all or part of annual bonus [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DeferReceiptOfAllOrPartOfAnnualBonusMember" xlink:to="mfc_DeferReceiptOfAllOrPartOfAnnualBonusMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DeferredShareUnitsPlansMember" xlink:label="mfc_DeferredShareUnitsPlansMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DeferredShareUnitsPlansMember_lbl" xml:lang="en-US" id="id_12895287_2998135_3_1">Deferred share units plans.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DeferredShareUnitsPlansMember_lbl" xml:lang="en-US" id="id_12895287_2998135_1_1">Deferred share units plans [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DeferredShareUnitsPlansMember_lbl" xml:lang="en-US" id="id_12895287_2998135_2_1">Deferred Share Units [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DeferredShareUnitsPlansMember" xlink:to="mfc_DeferredShareUnitsPlansMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DeferredShareUnitsPlansUnderEsopMember" xlink:label="mfc_DeferredShareUnitsPlansUnderEsopMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DeferredShareUnitsPlansUnderEsopMember_lbl" xml:lang="en-US" id="id_12895287_3032509_3_1">Deferred share units plans under ESOP [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DeferredShareUnitsPlansUnderEsopMember_lbl" xml:lang="en-US" id="id_12895287_3032509_1_1">Deferred share units plans under ESOP [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DeferredShareUnitsPlansUnderEsopMember_lbl" xml:lang="en-US" id="id_12895287_3032509_2_1">Deferred Share Units under ESOP [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DeferredShareUnitsPlansUnderEsopMember" xlink:to="mfc_DeferredShareUnitsPlansUnderEsopMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DeferredTaxAssets" xlink:label="ifrs-full_DeferredTaxAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DeferredTaxAssets_lbl" xml:lang="en-US" id="id_12895287_2936208_1_1">Deferred tax assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DeferredTaxAssets_lbl" xml:lang="en-US" id="id_12895287_2936208_2_1">Deferred tax assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DeferredTaxAssets_lbl" xml:lang="en-US" id="id_12895287_2936208_12_1">Deferred tax assets (note 6)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxAssets" xlink:to="ifrs-full_DeferredTaxAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract" xlink:label="ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract_lbl" xml:lang="en-US" id="id_12895287_2935215_1_1">Deferred tax assets and liabilities [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract_lbl" xml:lang="en-US" id="id_12895287_2935215_2_1">Deferred tax assets and liabilities [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract" xlink:to="ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DeferredTaxExpenseIncomeAbstract" xlink:label="ifrs-full_DeferredTaxExpenseIncomeAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DeferredTaxExpenseIncomeAbstract_lbl" xml:lang="en-US" id="id_12895287_2935216_1_1">Deferred tax expense (income) [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DeferredTaxExpenseIncomeAbstract_lbl" xml:lang="en-US" id="id_12895287_2935216_2_1">Deferred tax</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxExpenseIncomeAbstract" xlink:to="ifrs-full_DeferredTaxExpenseIncomeAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" xlink:label="ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss_lbl" xml:lang="en-US" id="id_12895287_2936211_1_1">Deferred tax expense (income) recognised in profit or loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss_lbl" xml:lang="en-US" id="id_12895287_2936211_2_1">Recognized in Income Statement</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" xlink:to="ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences" xlink:label="ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences_lbl" xml:lang="en-US" id="id_12895287_2934924_1_1">Deferred tax expense (income) relating to origination and reversal of temporary differences</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences_lbl" xml:lang="en-US" id="id_12895287_2934924_2_1">Change related to temporary differences</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences" xlink:to="ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes" xlink:label="ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes_lbl" xml:lang="en-US" id="id_12895287_2934925_1_1">Deferred tax expense (income) relating to tax rate changes or imposition of new taxes</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes_lbl" xml:lang="en-US" id="id_12895287_2934925_2_1">Impact of U.S. Tax Reform</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes_lbl" xml:lang="en-US" id="id_12895287_2934925_12_1">Impact of U.S. Tax Reform, deferred tax impact</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes" xlink:to="ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DeferredTaxLiabilities" xlink:label="ifrs-full_DeferredTaxLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DeferredTaxLiabilities_lbl" xml:lang="en-US" id="id_12895287_2936212_1_1">Deferred tax liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DeferredTaxLiabilities_lbl" xml:lang="en-US" id="id_12895287_2936212_2_1">Deferred tax liabilities (note 6)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DeferredTaxLiabilities_lbl" xml:lang="en-US" id="id_12895287_2936212_12_1">Deferred tax liability</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DeferredTaxLiabilities_lbl" xml:lang="en-US" id="id_12895287_2936212_14_1">Deferred tax liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxLiabilities" xlink:to="ifrs-full_DeferredTaxLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DeferredTaxLiabilityAsset" xlink:label="ifrs-full_DeferredTaxLiabilityAsset"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DeferredTaxLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2935218_1_1">Deferred tax liability (asset)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:label="ifrs-full_DeferredTaxLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2935218_16_1">Ending balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:label="ifrs-full_DeferredTaxLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2935218_17_1">Beginning balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="ifrs-full_DeferredTaxLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2935218_19_1">Net deferred tax assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxLiabilityAsset" xlink:to="ifrs-full_DeferredTaxLiabilityAsset_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity" xlink:label="ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity_lbl" xml:lang="en-US" id="id_12895287_2935219_1_1">Deferred tax relating to items credited (charged) directly to equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity_lbl" xml:lang="en-US" id="id_12895287_2935219_2_1">Deferred income tax expense (recovery)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity_lbl" xml:lang="en-US" id="id_12895287_2935219_14_1">Recognized in Equity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity" xlink:to="ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DeferredTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome" xlink:label="mfc_DeferredTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DeferredTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_12895287_2962168_3_1">Deferred tax relating to items credited charged directly to other comprehensive income.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DeferredTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_12895287_2962168_1_1">Deferred tax relating to items credited charged directly to other comprehensive income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DeferredTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_12895287_2962168_2_1">Recognized in Other Comprehensive Income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_DeferredTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_12895287_2962168_14_1">Deferred income tax expense (recovery)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DeferredTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome" xlink:to="mfc_DeferredTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DefinedBenefitCostMember" xlink:label="mfc_DefinedBenefitCostMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DefinedBenefitCostMember_lbl" xml:lang="en-US" id="id_12895287_2998159_3_1">Defined benefit cost.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DefinedBenefitCostMember_lbl" xml:lang="en-US" id="id_12895287_2998159_1_1">Defined benefit cost [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DefinedBenefitCostMember_lbl" xml:lang="en-US" id="id_12895287_2998159_2_1">Defined benefit cost [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DefinedBenefitCostMember" xlink:to="mfc_DefinedBenefitCostMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DefinedBenefitObligationAtPresentValue" xlink:label="ifrs-full_DefinedBenefitObligationAtPresentValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DefinedBenefitObligationAtPresentValue_lbl" xml:lang="en-US" id="id_12895287_2934927_1_1">Defined benefit obligation, at present value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DefinedBenefitObligationAtPresentValue_lbl" xml:lang="en-US" id="id_12895287_2934927_2_1">Defined benefit obligation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DefinedBenefitObligationAtPresentValue_lbl" xml:lang="en-US" id="id_12895287_2934927_12_1">Disaggregation of defined benefit obligation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DefinedBenefitObligationAtPresentValue" xlink:to="ifrs-full_DefinedBenefitObligationAtPresentValue_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DefinedBenefitObligationMember" xlink:label="mfc_DefinedBenefitObligationMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DefinedBenefitObligationMember_lbl" xml:lang="en-US" id="id_12895287_2998158_3_1">Defined benefit obligation.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DefinedBenefitObligationMember_lbl" xml:lang="en-US" id="id_12895287_2998158_1_1">Defined benefit obligation [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DefinedBenefitObligationMember_lbl" xml:lang="en-US" id="id_12895287_2998158_2_1">Defined benefit obligation [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DefinedBenefitObligationMember" xlink:to="mfc_DefinedBenefitObligationMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DefinedBenefitPensionPlansMember" xlink:label="mfc_DefinedBenefitPensionPlansMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DefinedBenefitPensionPlansMember_lbl" xml:lang="en-US" id="id_12895287_3012768_3_1">Defined benefit pension plans.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DefinedBenefitPensionPlansMember_lbl" xml:lang="en-US" id="id_12895287_3012768_1_1">Defined Benefit Pension Plans [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DefinedBenefitPensionPlansMember_lbl" xml:lang="en-US" id="id_12895287_3012768_2_1">Defined Benefit Pension Plans [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DefinedBenefitPensionPlansMember" xlink:to="mfc_DefinedBenefitPensionPlansMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DefinedBenefitPlansAxis" xlink:label="ifrs-full_DefinedBenefitPlansAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DefinedBenefitPlansAxis_lbl" xml:lang="en-US" id="id_12895287_2934928_1_1">Defined benefit plans [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DefinedBenefitPlansAxis_lbl" xml:lang="en-US" id="id_12895287_2934928_2_1">Defined benefit plans [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DefinedBenefitPlansAxis" xlink:to="ifrs-full_DefinedBenefitPlansAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DefinedBenefitPlansMember" xlink:label="ifrs-full_DefinedBenefitPlansMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DefinedBenefitPlansMember_lbl" xml:lang="en-US" id="id_12895287_2936213_1_1">Defined benefit plans [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DefinedBenefitPlansMember_lbl" xml:lang="en-US" id="id_12895287_2936213_2_1">Defined benefit plans [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DefinedBenefitPlansMember" xlink:to="ifrs-full_DefinedBenefitPlansMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DefinedBenefitPlansProvisionMember" xlink:label="mfc_DefinedBenefitPlansProvisionMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DefinedBenefitPlansProvisionMember_lbl" xml:lang="en-US" id="id_12895287_2998401_3_1">Defined benefit plans provision.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DefinedBenefitPlansProvisionMember_lbl" xml:lang="en-US" id="id_12895287_2998401_1_1">Defined Benefit Plans Provision [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DefinedBenefitPlansProvisionMember_lbl" xml:lang="en-US" id="id_12895287_2998401_2_1">Defined Benefit Plans Provision [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DefinedBenefitPlansProvisionMember" xlink:to="mfc_DefinedBenefitPlansProvisionMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DefinedBenefitPlanTargetAssetAllocationPercentage" xlink:label="mfc_DefinedBenefitPlanTargetAssetAllocationPercentage"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DefinedBenefitPlanTargetAssetAllocationPercentage_lbl" xml:lang="en-US" id="id_12895287_3022531_3_1">Defined benefit plan target asset allocation percentage.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DefinedBenefitPlanTargetAssetAllocationPercentage_lbl" xml:lang="en-US" id="id_12895287_3022531_1_1">Defined benefit plan target asset allocation percentage</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DefinedBenefitPlanTargetAssetAllocationPercentage_lbl" xml:lang="en-US" id="id_12895287_3022531_2_1">Percentage of fair value measurements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="mfc_DefinedBenefitPlanTargetAssetAllocationPercentage_lbl" xml:lang="en-US" id="id_12895287_3022531_12_1">Target asset allocation for plan</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DefinedBenefitPlanTargetAssetAllocationPercentage" xlink:to="mfc_DefinedBenefitPlanTargetAssetAllocationPercentage_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DefinedContributionPensionPlansMember" xlink:label="mfc_DefinedContributionPensionPlansMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DefinedContributionPensionPlansMember_lbl" xml:lang="en-US" id="id_12895287_2998228_3_1">Defined contribution pension plans.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DefinedContributionPensionPlansMember_lbl" xml:lang="en-US" id="id_12895287_2998228_1_1">Defined contribution pension plans [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DefinedContributionPensionPlansMember_lbl" xml:lang="en-US" id="id_12895287_2998228_2_1">Defined contribution pension plans [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DefinedContributionPensionPlansMember" xlink:to="mfc_DefinedContributionPensionPlansMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DefinedContributionPlansMember" xlink:label="mfc_DefinedContributionPlansMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DefinedContributionPlansMember_lbl" xml:lang="en-US" id="id_12895287_2995048_3_1">Defined contribution plans.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DefinedContributionPlansMember_lbl" xml:lang="en-US" id="id_12895287_2995048_1_1">Defined Contribution Plans [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DefinedContributionPlansMember_lbl" xml:lang="en-US" id="id_12895287_2995048_2_1">Defined contribution plans [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DefinedContributionPlansMember" xlink:to="mfc_DefinedContributionPlansMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DepositsFromCustomers" xlink:label="ifrs-full_DepositsFromCustomers"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DepositsFromCustomers_lbl" xml:lang="en-US" id="id_12895287_2935221_1_1">Deposits from customers</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DepositsFromCustomers_lbl" xml:lang="en-US" id="id_12895287_2935221_2_1">Carrying value of deposits from Bank clients</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DepositsFromCustomers_lbl" xml:lang="en-US" id="id_12895287_2935221_12_1">Deposits from bank clients</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DepositsFromCustomers" xlink:to="ifrs-full_DepositsFromCustomers_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DepositsFromCustomersAtFairValue" xlink:label="mfc_DepositsFromCustomersAtFairValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DepositsFromCustomersAtFairValue_lbl" xml:lang="en-US" id="id_12895287_2959938_3_1">Deposits from customers at fair value.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DepositsFromCustomersAtFairValue_lbl" xml:lang="en-US" id="id_12895287_2959938_1_1">Deposits from Customers at Fair Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DepositsFromCustomersAtFairValue_lbl" xml:lang="en-US" id="id_12895287_2959938_2_1">Fair value of deposits from Bank clients</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DepositsFromCustomersAtFairValue" xlink:to="mfc_DepositsFromCustomersAtFairValue_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DerivativeExposureWithCounterpartiesPercentage" xlink:label="mfc_DerivativeExposureWithCounterpartiesPercentage"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DerivativeExposureWithCounterpartiesPercentage_lbl" xml:lang="en-US" id="id_12895287_3022814_3_1">Derivative exposure with counterparties percentage.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DerivativeExposureWithCounterpartiesPercentage_lbl" xml:lang="en-US" id="id_12895287_3022814_1_1">Derivative Exposure With Counterparties Percentage</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DerivativeExposureWithCounterpartiesPercentage_lbl" xml:lang="en-US" id="id_12895287_3022814_2_1">Derivative exposure with counterparties, percentage</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DerivativeExposureWithCounterpartiesPercentage" xlink:to="mfc_DerivativeExposureWithCounterpartiesPercentage_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DerivativeFairValueAmount" xlink:label="mfc_DerivativeFairValueAmount"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DerivativeFairValueAmount_lbl" xml:lang="en-US" id="id_12895287_2950778_3_1">Derivative fair value amount.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DerivativeFairValueAmount_lbl" xml:lang="en-US" id="id_12895287_2950778_1_1">Derivative fair value amount</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="mfc_DerivativeFairValueAmount_lbl" xml:lang="en-US" id="id_12895287_2950778_4_1">Balance at the end of the year</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="mfc_DerivativeFairValueAmount_lbl" xml:lang="en-US" id="id_12895287_2950778_5_1">Balance at the beginning of the year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DerivativeFairValueAmount" xlink:to="mfc_DerivativeFairValueAmount_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DerivativeFinancialAssets" xlink:label="ifrs-full_DerivativeFinancialAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DerivativeFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2936215_1_1">Derivative financial assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="ifrs-full_DerivativeFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2936215_32_1">Fair value, assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel" xlink:label="ifrs-full_DerivativeFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2936215_33_1">Total derivative assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DerivativeFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2936215_2_1">Derivative assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DerivativeFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2936215_12_1">Derivatives (note 5)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DerivativeFinancialAssets" xlink:to="ifrs-full_DerivativeFinancialAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DerivativeFinancialLiabilities" xlink:label="ifrs-full_DerivativeFinancialLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DerivativeFinancialLiabilities_lbl" xml:lang="en-US" id="id_12895287_2936414_1_1">Derivative financial liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="ifrs-full_DerivativeFinancialLiabilities_lbl" xml:lang="en-US" id="id_12895287_2936414_32_1">Derivatives (note 5)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel" xlink:label="ifrs-full_DerivativeFinancialLiabilities_lbl" xml:lang="en-US" id="id_12895287_2936414_33_1">Fair value, liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveVerboseLabel" xlink:label="ifrs-full_DerivativeFinancialLiabilities_lbl" xml:lang="en-US" id="id_12895287_2936414_34_1">Total derivative liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DerivativeFinancialLiabilities_lbl" xml:lang="en-US" id="id_12895287_2936414_2_1">Derivative liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DerivativeFinancialLiabilities_lbl" xml:lang="en-US" id="id_12895287_2936414_12_1">Derivatives</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DerivativeFinancialLiabilities" xlink:to="ifrs-full_DerivativeFinancialLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DerivativeInvestmentIncomeLoss" xlink:label="mfc_DerivativeInvestmentIncomeLoss"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DerivativeInvestmentIncomeLoss_lbl" xml:lang="en-US" id="id_12895287_2962123_3_1">Derivative investment income loss.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DerivativeInvestmentIncomeLoss_lbl" xml:lang="en-US" id="id_12895287_2962123_1_1">Derivative investment income loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DerivativeInvestmentIncomeLoss_lbl" xml:lang="en-US" id="id_12895287_2962123_2_1">Derivative investment income (loss)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DerivativeInvestmentIncomeLoss" xlink:to="mfc_DerivativeInvestmentIncomeLoss_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DerivativesAssetsMember" xlink:label="mfc_DerivativesAssetsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DerivativesAssetsMember_lbl" xml:lang="en-US" id="id_12895287_3012237_3_1">Derivatives assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DerivativesAssetsMember_lbl" xml:lang="en-US" id="id_12895287_3012237_1_1">Derivatives Assets [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DerivativesAssetsMember_lbl" xml:lang="en-US" id="id_12895287_3012237_2_1">Derivative Assets [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DerivativesAssetsMember" xlink:to="mfc_DerivativesAssetsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DerivativesIncludingMacroEquityHedgingProgramMember" xlink:label="mfc_DerivativesIncludingMacroEquityHedgingProgramMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DerivativesIncludingMacroEquityHedgingProgramMember_lbl" xml:lang="en-US" id="id_12895287_2997961_3_1">Derivatives, including macro equity hedging program.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DerivativesIncludingMacroEquityHedgingProgramMember_lbl" xml:lang="en-US" id="id_12895287_2997961_1_1">Derivatives, including macro equity hedging program [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DerivativesIncludingMacroEquityHedgingProgramMember_lbl" xml:lang="en-US" id="id_12895287_2997961_2_1">Derivatives, including macro equity hedging program [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DerivativesIncludingMacroEquityHedgingProgramMember" xlink:to="mfc_DerivativesIncludingMacroEquityHedgingProgramMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DerivativesLiabilitiesMember" xlink:label="mfc_DerivativesLiabilitiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DerivativesLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_3012238_3_1">Derivatives liabilities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DerivativesLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_3012238_1_1">Derivatives Liabilities [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DerivativesLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_3012238_2_1">Derivative Liabilities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DerivativesLiabilitiesMember" xlink:to="mfc_DerivativesLiabilitiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DerivativesMember" xlink:label="ifrs-full_DerivativesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DerivativesMember_lbl" xml:lang="en-US" id="id_12895287_2935228_1_1">Derivatives [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DerivativesMember_lbl" xml:lang="en-US" id="id_12895287_2935228_2_1">Derivatives [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DerivativesMember" xlink:to="ifrs-full_DerivativesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DescriptionOfAccountingPolicyForAssetLiabilityManagementStrategyExplanatory" xlink:label="mfc_DescriptionOfAccountingPolicyForAssetLiabilityManagementStrategyExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DescriptionOfAccountingPolicyForAssetLiabilityManagementStrategyExplanatory_lbl" xml:lang="en-US" id="id_12895287_3018032_3_1">Description of accounting policy for asset liability management strategy.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DescriptionOfAccountingPolicyForAssetLiabilityManagementStrategyExplanatory_lbl" xml:lang="en-US" id="id_12895287_3018032_1_1">Description of accounting policy for Asset Liability Management Strategy [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DescriptionOfAccountingPolicyForAssetLiabilityManagementStrategyExplanatory_lbl" xml:lang="en-US" id="id_12895287_3018032_2_1">Asset Liability Management Strategy</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DescriptionOfAccountingPolicyForAssetLiabilityManagementStrategyExplanatory" xlink:to="mfc_DescriptionOfAccountingPolicyForAssetLiabilityManagementStrategyExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DescriptionOfAccountingPolicyForBasisOfConsolidationExplanatory" xlink:label="mfc_DescriptionOfAccountingPolicyForBasisOfConsolidationExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DescriptionOfAccountingPolicyForBasisOfConsolidationExplanatory_lbl" xml:lang="en-US" id="id_12895287_3019420_3_1">The description of the entity's accounting policy for basis of consolidation.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DescriptionOfAccountingPolicyForBasisOfConsolidationExplanatory_lbl" xml:lang="en-US" id="id_12895287_3019420_1_1">Description of accounting policy for basis of consolidation [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DescriptionOfAccountingPolicyForBasisOfConsolidationExplanatory_lbl" xml:lang="en-US" id="id_12895287_3019420_2_1">Basis of consolidation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DescriptionOfAccountingPolicyForBasisOfConsolidationExplanatory" xlink:to="mfc_DescriptionOfAccountingPolicyForBasisOfConsolidationExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DescriptionOfAccountingPolicyForBasisOfPreparationExplanatory" xlink:label="mfc_DescriptionOfAccountingPolicyForBasisOfPreparationExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DescriptionOfAccountingPolicyForBasisOfPreparationExplanatory_lbl" xml:lang="en-US" id="id_12895287_3017006_3_1">Description of accounting policy for basis of preparation explanatory.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DescriptionOfAccountingPolicyForBasisOfPreparationExplanatory_lbl" xml:lang="en-US" id="id_12895287_3017006_1_1">Description of accounting policy for basis of preparation [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DescriptionOfAccountingPolicyForBasisOfPreparationExplanatory_lbl" xml:lang="en-US" id="id_12895287_3017006_2_1">Basis of preparation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DescriptionOfAccountingPolicyForBasisOfPreparationExplanatory" xlink:to="mfc_DescriptionOfAccountingPolicyForBasisOfPreparationExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DescriptionOfAccountingPolicyForCautionRelatedToSensitivitiesExplanatory" xlink:label="mfc_DescriptionOfAccountingPolicyForCautionRelatedToSensitivitiesExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DescriptionOfAccountingPolicyForCautionRelatedToSensitivitiesExplanatory_lbl" xml:lang="en-US" id="id_12895287_3017048_3_1">Description of accounting policy for caution related to sensitivities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DescriptionOfAccountingPolicyForCautionRelatedToSensitivitiesExplanatory_lbl" xml:lang="en-US" id="id_12895287_3017048_1_1">Description Of Accounting Policy For Caution Related To Sensitivities [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DescriptionOfAccountingPolicyForCautionRelatedToSensitivitiesExplanatory_lbl" xml:lang="en-US" id="id_12895287_3017048_2_1">Caution Related to Sensitivities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DescriptionOfAccountingPolicyForCautionRelatedToSensitivitiesExplanatory" xlink:to="mfc_DescriptionOfAccountingPolicyForCautionRelatedToSensitivitiesExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DescriptionOfAccountingPolicyForChangeInAccountingPolicyExplanatory" xlink:label="mfc_DescriptionOfAccountingPolicyForChangeInAccountingPolicyExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DescriptionOfAccountingPolicyForChangeInAccountingPolicyExplanatory_lbl" xml:lang="en-US" id="id_12895287_3017000_3_1">The description of entity's accounting policy for change in accounting policy.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DescriptionOfAccountingPolicyForChangeInAccountingPolicyExplanatory_lbl" xml:lang="en-US" id="id_12895287_3017000_1_1">Description of accounting policy for change in accounting policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DescriptionOfAccountingPolicyForChangeInAccountingPolicyExplanatory_lbl" xml:lang="en-US" id="id_12895287_3017000_2_1">Changes in accounting policy</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DescriptionOfAccountingPolicyForChangeInAccountingPolicyExplanatory" xlink:to="mfc_DescriptionOfAccountingPolicyForChangeInAccountingPolicyExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory_lbl" xml:lang="en-US" id="id_12895287_2934940_1_1">Description of accounting policy for derivative financial instruments and hedging [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory_lbl" xml:lang="en-US" id="id_12895287_2934940_2_1">Derivative and hedging instruments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory_lbl" xml:lang="en-US" id="id_12895287_2936223_1_1">Description of accounting policy for employee benefits [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory_lbl" xml:lang="en-US" id="id_12895287_2936223_2_1">Employee future benefits</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory_lbl" xml:lang="en-US" id="id_12895287_2936420_1_1">Description of accounting policy for fair value measurement [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory_lbl" xml:lang="en-US" id="id_12895287_2936420_2_1">Fair value measurement</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory_lbl" xml:lang="en-US" id="id_12895287_2936422_1_1">Description of accounting policy for financial instruments [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory_lbl" xml:lang="en-US" id="id_12895287_2936422_2_1">Other financial instruments accounted for as liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory_lbl" xml:lang="en-US" id="id_12895287_2936226_1_1">Description of accounting policy for foreign currency translation [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory_lbl" xml:lang="en-US" id="id_12895287_2936226_2_1">Foreign currency translation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DescriptionOfAccountingPolicyForForeignExchangeRiskManagementStrategyExplanatory" xlink:label="mfc_DescriptionOfAccountingPolicyForForeignExchangeRiskManagementStrategyExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DescriptionOfAccountingPolicyForForeignExchangeRiskManagementStrategyExplanatory_lbl" xml:lang="en-US" id="id_12895287_3018033_3_1">Description of accounting policy for foreign exchange risk management strategy.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DescriptionOfAccountingPolicyForForeignExchangeRiskManagementStrategyExplanatory_lbl" xml:lang="en-US" id="id_12895287_3018033_1_1">Description Of Accounting Policy For Foreign Exchange Risk Management Strategy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DescriptionOfAccountingPolicyForForeignExchangeRiskManagementStrategyExplanatory_lbl" xml:lang="en-US" id="id_12895287_3018033_2_1">Foreign Exchange Risk Management Strategy</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DescriptionOfAccountingPolicyForForeignExchangeRiskManagementStrategyExplanatory" xlink:to="mfc_DescriptionOfAccountingPolicyForForeignExchangeRiskManagementStrategyExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DescriptionOfAccountingPolicyForFutureAccountingAndReportingChangesExplanatory" xlink:label="mfc_DescriptionOfAccountingPolicyForFutureAccountingAndReportingChangesExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DescriptionOfAccountingPolicyForFutureAccountingAndReportingChangesExplanatory_lbl" xml:lang="en-US" id="id_12895287_3016989_3_1">Description of accounting policy for future accounting and reporting changes.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DescriptionOfAccountingPolicyForFutureAccountingAndReportingChangesExplanatory_lbl" xml:lang="en-US" id="id_12895287_3016989_1_1">Description of accounting policy for future accounting and reporting changes [Text Block]</label>
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    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DescriptionOfAccountingPolicyForVariableAnnuityDynamicHedgingStrategyExplanatory" xlink:label="mfc_DescriptionOfAccountingPolicyForVariableAnnuityDynamicHedgingStrategyExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DescriptionOfAccountingPolicyForVariableAnnuityDynamicHedgingStrategyExplanatory_lbl" xml:lang="en-US" id="id_12895287_3017044_3_1">Description of accounting policy for variable annuity dynamic hedging strategy.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DescriptionOfAccountingPolicyForVariableAnnuityDynamicHedgingStrategyExplanatory_lbl" xml:lang="en-US" id="id_12895287_3017044_1_1">Description Of Accounting Policy For Variable Annuity Dynamic Hedging Strategy [Text Block]</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections" xlink:label="ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections_lbl" xml:lang="en-US" id="id_12895287_2934977_1_1">Discount rate applied to cash flow projections</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted" xlink:label="ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted_lbl" xml:lang="en-US" id="id_12895287_2935945_1_1">Expected volatility, share options granted</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted_lbl" xml:lang="en-US" id="id_12895287_2935945_2_1">Expected volatility</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:label="ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections_lbl" xml:lang="en-US" id="id_12895287_2936273_1_1">Growth rate used to extrapolate cash flow projections</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections_lbl" xml:lang="en-US" id="id_12895287_2936273_2_1">Growth rate used to extrapolate cash flow projections</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted" xlink:label="ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted_lbl" xml:lang="en-US" id="id_12895287_2936014_1_1">Risk free interest rate, share options granted</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted_lbl" xml:lang="en-US" id="id_12895287_2936014_2_1">Risk-free interest rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted" xlink:to="ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DescriptionOfSubsidiary" xlink:label="mfc_DescriptionOfSubsidiary"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DescriptionOfSubsidiary_lbl" xml:lang="en-US" id="id_12895287_2975677_3_1">Description of subsidiary.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DescriptionOfSubsidiary_lbl" xml:lang="en-US" id="id_12895287_2975677_1_1">Description of Subsidiary</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DescriptionOfSubsidiary_lbl" xml:lang="en-US" id="id_12895287_2975677_2_1">Description</label>
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    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DesignatedMember" xlink:label="mfc_DesignatedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DesignatedMember_lbl" xml:lang="en-US" id="id_12895287_2996975_3_1">Designated.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DesignatedMember_lbl" xml:lang="en-US" id="id_12895287_2996975_1_1">Designated [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DesignatedMember_lbl" xml:lang="en-US" id="id_12895287_2996975_2_1">Designated [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DesignatedMember" xlink:to="mfc_DesignatedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DilutedEarningsLossPerShare" xlink:label="ifrs-full_DilutedEarningsLossPerShare"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DilutedEarningsLossPerShare_lbl" xml:lang="en-US" id="id_12895287_2935717_1_1">Diluted earnings (loss) per share</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DilutedEarningsLossPerShare_lbl" xml:lang="en-US" id="id_12895287_2935717_2_1">Diluted earnings per common share</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DilutedEarningsLossPerShare_lbl" xml:lang="en-US" id="id_12895287_2935717_12_1">Diluted earnings per common share (note 13)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DilutedEarningsLossPerShare" xlink:to="ifrs-full_DilutedEarningsLossPerShare_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:label="ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_lbl" xml:lang="en-US" id="id_12895287_2936037_1_1">Dilutive effect of share options on number of ordinary shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_lbl" xml:lang="en-US" id="id_12895287_2936037_2_1">Dilutive stock-based awards(in millions)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares" xlink:to="ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome" xlink:label="ifrs-full_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome_lbl" xml:lang="en-US" id="id_12895287_2937014_1_1">Direct operating expense from investment property generating rental income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome_lbl" xml:lang="en-US" id="id_12895287_2937014_14_1">Direct operating expenses of investment properties that generated rental income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome" xlink:to="ifrs-full_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DisclosureEffectsOfDerivativesInCashFlowHedgingRelationshipsExplanatory" xlink:label="mfc_DisclosureEffectsOfDerivativesInCashFlowHedgingRelationshipsExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DisclosureEffectsOfDerivativesInCashFlowHedgingRelationshipsExplanatory_lbl" xml:lang="en-US" id="id_12895287_3016892_3_1">Disclosure effects of derivatives in cash flow hedging relationships.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DisclosureEffectsOfDerivativesInCashFlowHedgingRelationshipsExplanatory_lbl" xml:lang="en-US" id="id_12895287_3016892_1_1">Disclosure effects of derivatives in cash flow hedging relationships explanatory</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DisclosureEffectsOfDerivativesInCashFlowHedgingRelationshipsExplanatory_lbl" xml:lang="en-US" id="id_12895287_3016892_2_1">Summary of Effects of Derivatives in Cash Flow Hedging Relationships</label>
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    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DisclosureOfAcquisitionsAndDistributionAgreementExplanatory" xlink:label="mfc_DisclosureOfAcquisitionsAndDistributionAgreementExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DisclosureOfAcquisitionsAndDistributionAgreementExplanatory_lbl" xml:lang="en-US" id="id_12895287_3016992_3_1">Disclosure of acquisitions and distribution agreement explanatory.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DisclosureOfAcquisitionsAndDistributionAgreementExplanatory_lbl" xml:lang="en-US" id="id_12895287_3016992_1_1">Disclosure of acquisitions and distribution agreement explanatory</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DisclosureOfAcquisitionsAndDistributionAgreementExplanatory_lbl" xml:lang="en-US" id="id_12895287_3016992_2_1">Acquisition and Distribution Agreements</label>
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    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DisclosureOfAnnualReviewOfActuarialMethodsAndAssumptionsExplanatory" xlink:label="mfc_DisclosureOfAnnualReviewOfActuarialMethodsAndAssumptionsExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DisclosureOfAnnualReviewOfActuarialMethodsAndAssumptionsExplanatory_lbl" xml:lang="en-US" id="id_12895287_3015946_3_1">Disclosure of annual review of actuarial methods and assumptions.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DisclosureOfAnnualReviewOfActuarialMethodsAndAssumptionsExplanatory_lbl" xml:lang="en-US" id="id_12895287_3015946_1_1">Disclosure of annual review of actuarial methods and assumptions [table text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DisclosureOfAnnualReviewOfActuarialMethodsAndAssumptionsExplanatory_lbl" xml:lang="en-US" id="id_12895287_3015946_2_1">Summary of Actuarial Methods and Assumptions</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfBorrowingsExplanatory" xlink:label="ifrs-full_DisclosureOfBorrowingsExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfBorrowingsExplanatory_lbl" xml:lang="en-US" id="id_12895287_2936540_1_1">Disclosure of borrowings [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfBorrowingsExplanatory_lbl" xml:lang="en-US" id="id_12895287_2936540_2_1">Long-Term Debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfBorrowingsExplanatory" xlink:to="ifrs-full_DisclosureOfBorrowingsExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfBusinessCombinationsAbstract" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsAbstract_lbl" xml:lang="en-US" id="id_12895287_2935731_1_1">Disclosure of detailed information about business combination [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsAbstract_lbl" xml:lang="en-US" id="id_12895287_2935731_2_1">Disclosure of detailed information about business combination [abstract]</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfBusinessCombinationsLineItems" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsLineItems_lbl" xml:lang="en-US" id="id_12895287_2935732_1_1">Disclosure of detailed information about business combination [line items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsLineItems_lbl" xml:lang="en-US" id="id_12895287_2935732_2_1">Disclosure of detailed information about business combination [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfBusinessCombinationsLineItems" xlink:to="ifrs-full_DisclosureOfBusinessCombinationsLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfBusinessCombinationsTable" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsTable_lbl" xml:lang="en-US" id="id_12895287_2935733_1_1">Disclosure of detailed information about business combination [table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsTable_lbl" xml:lang="en-US" id="id_12895287_2935733_2_1">Disclosure of detailed information about business combination [table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfBusinessCombinationsTable" xlink:to="ifrs-full_DisclosureOfBusinessCombinationsTable_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DisclosureOfCapitalInstrumentsExplanatory" xlink:label="mfc_DisclosureOfCapitalInstrumentsExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DisclosureOfCapitalInstrumentsExplanatory_lbl" xml:lang="en-US" id="id_12895287_3016092_3_1">Disclosure of capital instruments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DisclosureOfCapitalInstrumentsExplanatory_lbl" xml:lang="en-US" id="id_12895287_3016092_1_1">Disclosure of Capital Instruments Explanatory</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DisclosureOfCapitalInstrumentsExplanatory_lbl" xml:lang="en-US" id="id_12895287_3016092_2_1">Schedule of Carrying Value of Capital Instruments</label>
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    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DisclosureOfCarryingAmountOfSecuritizedAssetsExplanatory" xlink:label="mfc_DisclosureOfCarryingAmountOfSecuritizedAssetsExplanatory"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DisclosureOfImpactOfValuationSensitivityAbstract_lbl" xml:lang="en-US" id="id_12895287_2940151_2_1">Disclosure of Impact of Valuation Sensitivity [Abstract]</label>
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    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DisclosureOfReconciliationOfNumberOfSharesOutstandingExplanatory" xlink:label="mfc_DisclosureOfReconciliationOfNumberOfSharesOutstandingExplanatory"/>
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    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DisclosureOfResidentialMortgagesAndLoanToBankClientsExplanatory" xlink:label="mfc_DisclosureOfResidentialMortgagesAndLoanToBankClientsExplanatory"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DividendRentalAndOtherIncomeMember_lbl" xml:lang="en-US" id="id_12895287_2997600_3_1">Dividend, rental and other income [Member]</label>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" xlink:to="ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" xlink:label="ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare_lbl" xml:lang="en-US" id="id_12895287_2936575_1_1">Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners per share</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare_lbl" xml:lang="en-US" id="id_12895287_2936575_2_1">Dividend declared but not paid</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DividendsReceivedClassifiedAsOperatingActivities" xlink:label="ifrs-full_DividendsReceivedClassifiedAsOperatingActivities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DividendsReceivedClassifiedAsOperatingActivities_lbl" xml:lang="en-US" id="id_12895287_2937346_1_1">Dividends received, classified as operating activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DividendsReceivedClassifiedAsOperatingActivities_lbl" xml:lang="en-US" id="id_12895287_2937346_2_1">Dividends from unconsolidated subsidiary</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsReceivedClassifiedAsOperatingActivities" xlink:to="ifrs-full_DividendsReceivedClassifiedAsOperatingActivities_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DividendsReceivedFromJointVenturesClassifiedAsInvestingActivities" xlink:label="ifrs-full_DividendsReceivedFromJointVenturesClassifiedAsInvestingActivities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DividendsReceivedFromJointVenturesClassifiedAsInvestingActivities_lbl" xml:lang="en-US" id="id_12895287_2937177_1_1">Dividends received from joint ventures, classified as investing activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DividendsReceivedFromJointVenturesClassifiedAsInvestingActivities_lbl" xml:lang="en-US" id="id_12895287_2937177_2_1">Dividends received from associates and joint ventures</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsReceivedFromJointVenturesClassifiedAsInvestingActivities" xlink:to="ifrs-full_DividendsReceivedFromJointVenturesClassifiedAsInvestingActivities_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DocumentandEntityInformationAbstract" xlink:label="mfc_DocumentandEntityInformationAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DocumentandEntityInformationAbstract_lbl" xml:lang="en-US" id="id_12895287_3032956_3_1">Document - Document and Entity Information [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DocumentandEntityInformationAbstract_lbl" xml:lang="en-US" id="id_12895287_3032956_1_1">Document - Document and Entity Information [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DocumentandEntityInformationAbstract_lbl" xml:lang="en-US" id="id_12895287_3032956_2_1">Document - Document and Entity Information [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_DocumentandEntityInformationAbstract" xlink:to="mfc_DocumentandEntityInformationAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US" id="id_12895287_2934211_1_1">Document Fiscal Period Focus</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US" id="id_12895287_2934211_2_1">Document Fiscal Period Focus</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US" id="id_12895287_2934502_1_1">Document Fiscal Year Focus</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US" id="id_12895287_2934502_2_1">Document Fiscal Year Focus</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentInformationLineItems" xlink:label="dei_DocumentInformationLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentInformationLineItems_lbl" xml:lang="en-US" id="id_12895287_2933254_1_1">Document Information [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentInformationLineItems_lbl" xml:lang="en-US" id="id_12895287_2933254_2_1">Document Information [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentInformationLineItems" xlink:to="dei_DocumentInformationLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentInformationTable" xlink:label="dei_DocumentInformationTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentInformationTable_lbl" xml:lang="en-US" id="id_12895287_2934212_1_1">Document Information [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentInformationTable_lbl" xml:lang="en-US" id="id_12895287_2934212_2_1">Document Information [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentInformationTable" xlink:to="dei_DocumentInformationTable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US" id="id_12895287_2934744_1_1">Document Period End Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US" id="id_12895287_2934744_2_1">Document Period End Date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_DocumentType" xlink:label="dei_DocumentType"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US" id="id_12895287_2934504_1_1">Document Type</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentType_lbl" xml:lang="en-US" id="id_12895287_2934504_2_1">Document Type</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_DynamicallyHedgedVariableAnnuityGuaranteeEstimateLiabilitiesPercentage" xlink:label="mfc_DynamicallyHedgedVariableAnnuityGuaranteeEstimateLiabilitiesPercentage"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_DynamicallyHedgedVariableAnnuityGuaranteeEstimateLiabilitiesPercentage_lbl" xml:lang="en-US" id="id_12895287_3022789_3_1">Dynamically hedged variable annuity guarantee estimate liabilities percentage.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_DynamicallyHedgedVariableAnnuityGuaranteeEstimateLiabilitiesPercentage_lbl" xml:lang="en-US" id="id_12895287_3022789_1_1">Dynamically Hedged Variable Annuity Guarantee Estimate Liabilities Percentage</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_DynamicallyHedgedVariableAnnuityGuaranteeEstimateLiabilitiesPercentage_lbl" xml:lang="en-US" id="id_12895287_3022789_2_1">Dynamically hedged variable annuity guarantee best estimate liabilities, rebalancing percentage intervals</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EarningsPerShareAbstract" xlink:label="ifrs-full_EarningsPerShareAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EarningsPerShareAbstract_lbl" xml:lang="en-US" id="id_12895287_2937182_1_1">Earnings per share [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EarningsPerShareAbstract_lbl" xml:lang="en-US" id="id_12895287_2937182_2_1">Earnings per share</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EarningsPerShareAbstract" xlink:to="ifrs-full_EarningsPerShareAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EarningsPerShareExplanatory" xlink:label="ifrs-full_EarningsPerShareExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EarningsPerShareExplanatory_lbl" xml:lang="en-US" id="id_12895287_2936883_1_1">Earnings per share [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EarningsPerShareExplanatory_lbl" xml:lang="en-US" id="id_12895287_2936883_2_1">Summary of Basic and Diluted Earnings Per Common Share</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EarningsPerShareExplanatory" xlink:to="ifrs-full_EarningsPerShareExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EarningsPerShareLineItems" xlink:label="ifrs-full_EarningsPerShareLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EarningsPerShareLineItems_lbl" xml:lang="en-US" id="id_12895287_2937348_1_1">Earnings per share [line items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EarningsPerShareLineItems_lbl" xml:lang="en-US" id="id_12895287_2937348_2_1">Earnings per share [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EarningsPerShareLineItems" xlink:to="ifrs-full_EarningsPerShareLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EarningsPerShareTable" xlink:label="ifrs-full_EarningsPerShareTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EarningsPerShareTable_lbl" xml:lang="en-US" id="id_12895287_2937183_1_1">Earnings per share [table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EarningsPerShareTable_lbl" xml:lang="en-US" id="id_12895287_2937183_2_1">Earnings per share [table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EarningsPerShareTable" xlink:to="ifrs-full_EarningsPerShareTable_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_EconomicReinvestmentAssumptionsMember" xlink:label="mfc_EconomicReinvestmentAssumptionsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_EconomicReinvestmentAssumptionsMember_lbl" xml:lang="en-US" id="id_12895287_2997640_3_1">The member stands for economic reinvestment assumptions.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_EconomicReinvestmentAssumptionsMember_lbl" xml:lang="en-US" id="id_12895287_2997640_1_1">Economic reinvestment assumptions [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_EconomicReinvestmentAssumptionsMember_lbl" xml:lang="en-US" id="id_12895287_2997640_2_1">Economic reinvestment assumptions [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_EconomicReinvestmentAssumptionsMember" xlink:to="mfc_EconomicReinvestmentAssumptionsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:label="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_lbl" xml:lang="en-US" id="id_12895287_2937187_1_1">Effect of exchange rate changes on cash and cash equivalents</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_lbl" xml:lang="en-US" id="id_12895287_2937187_2_1">Effect of foreign exchange rate changes on cash and short-term securities</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalentsAbstract" xlink:label="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalentsAbstract"/>
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    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_EisServicesBermudaLimitedMember" xlink:label="mfc_EisServicesBermudaLimitedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_EisServicesBermudaLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997848_3_1">EIS Services (Bermuda) Limited.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_EisServicesBermudaLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997848_1_1">EIS Services Bermuda Limited [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_EisServicesBermudaLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997848_2_1">EIS Services Bermuda Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_EisServicesBermudaLimitedMember" xlink:to="mfc_EisServicesBermudaLimitedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EmployeeBenefitsExpense" xlink:label="ifrs-full_EmployeeBenefitsExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EmployeeBenefitsExpense_lbl" xml:lang="en-US" id="id_12895287_2936587_1_1">Employee benefits expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_EmployeeBenefitsExpense_lbl" xml:lang="en-US" id="id_12895287_2936587_6_1">Net benefit cost</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EmployeeBenefitsExpense" xlink:to="ifrs-full_EmployeeBenefitsExpense_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_EnergyMember" xlink:label="mfc_EnergyMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_EnergyMember_lbl" xml:lang="en-US" id="id_12895287_2997679_3_1">Energy.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_EnergyMember_lbl" xml:lang="en-US" id="id_12895287_2997679_1_1">Energy [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_EnergyMember_lbl" xml:lang="en-US" id="id_12895287_2997679_2_1">Energy [Member]</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US" id="id_12895287_2933911_1_1">Entity Central Index Key</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US" id="id_12895287_2933911_2_1">Entity Central Index Key</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xml:lang="en-US" id="id_12895287_2934510_1_1">Entity Common Stock, Shares Outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xml:lang="en-US" id="id_12895287_2934510_2_1">Entity Common Stock, Shares Outstanding</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US" id="id_12895287_2934752_1_1">Entity Current Reporting Status</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US" id="id_12895287_2934752_2_1">Entity Current Reporting Status</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US" id="id_12895287_2934518_1_1">Entity Registrant Name</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US" id="id_12895287_2934518_2_1">Entity Registrant Name</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EntitysTotalForAssociatesMember" xlink:label="ifrs-full_EntitysTotalForAssociatesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForAssociatesMember_lbl" xml:lang="en-US" id="id_12895287_2937354_1_1">Entity's total for associates [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForAssociatesMember_lbl" xml:lang="en-US" id="id_12895287_2937354_2_1">Entity's total for associates [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForAssociatesMember" xlink:to="ifrs-full_EntitysTotalForAssociatesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EntitysTotalForBusinessCombinationsMember" xlink:label="ifrs-full_EntitysTotalForBusinessCombinationsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForBusinessCombinationsMember_lbl" xml:lang="en-US" id="id_12895287_2937355_1_1">Entity's total for business combinations [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForBusinessCombinationsMember_lbl" xml:lang="en-US" id="id_12895287_2937355_2_1">Entity's total for business combinations [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForBusinessCombinationsMember" xlink:to="ifrs-full_EntitysTotalForBusinessCombinationsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EntitysTotalForExternalCreditGradesMember" xlink:label="ifrs-full_EntitysTotalForExternalCreditGradesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForExternalCreditGradesMember_lbl" xml:lang="en-US" id="id_12895287_2936890_1_1">Entity's total for external credit grades [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForExternalCreditGradesMember_lbl" xml:lang="en-US" id="id_12895287_2936890_2_1">Entity's total for external credit grades [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForExternalCreditGradesMember" xlink:to="ifrs-full_EntitysTotalForExternalCreditGradesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember" xlink:label="ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2937356_1_1">Entity's total for impairment of financial assets [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2937356_2_1">Entity's total for impairment of financial assets [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember" xlink:to="ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember" xlink:label="ifrs-full_EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember_lbl" xml:lang="en-US" id="id_12895287_2937191_1_1">Entity's total for individual assets or cash-generating units [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember_lbl" xml:lang="en-US" id="id_12895287_2937191_2_1">Entity's total for individual assets or cash-generating units [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember" xlink:to="ifrs-full_EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EntitysTotalForInternalCreditGradesMember" xlink:label="ifrs-full_EntitysTotalForInternalCreditGradesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForInternalCreditGradesMember_lbl" xml:lang="en-US" id="id_12895287_2936588_1_1">Entity's total for internal credit grades [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForInternalCreditGradesMember_lbl" xml:lang="en-US" id="id_12895287_2936588_2_1">Entity's total for internal credit grades [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForInternalCreditGradesMember" xlink:to="ifrs-full_EntitysTotalForInternalCreditGradesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:label="ifrs-full_EntitysTotalForRelatedPartiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForRelatedPartiesMember_lbl" xml:lang="en-US" id="id_12895287_2936590_1_1">Entity's total for related parties [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForRelatedPartiesMember_lbl" xml:lang="en-US" id="id_12895287_2936590_2_1">Entity's total for related parties [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:to="ifrs-full_EntitysTotalForRelatedPartiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xlink:label="ifrs-full_EntitysTotalForSegmentConsolidationItemsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForSegmentConsolidationItemsMember_lbl" xml:lang="en-US" id="id_12895287_2936892_1_1">Entity's total for segment consolidation items [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForSegmentConsolidationItemsMember_lbl" xml:lang="en-US" id="id_12895287_2936892_2_1">Entity's total for segment consolidation items [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xlink:to="ifrs-full_EntitysTotalForSegmentConsolidationItemsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EntitysTotalForSubsidiariesMember" xlink:label="ifrs-full_EntitysTotalForSubsidiariesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForSubsidiariesMember_lbl" xml:lang="en-US" id="id_12895287_2936893_1_1">Entity's total for subsidiaries [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForSubsidiariesMember_lbl" xml:lang="en-US" id="id_12895287_2936893_2_1">Entity's total for subsidiaries [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForSubsidiariesMember" xlink:to="ifrs-full_EntitysTotalForSubsidiariesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EntitysTotalForUnconsolidatedStructuredEntitiesMember" xlink:label="ifrs-full_EntitysTotalForUnconsolidatedStructuredEntitiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForUnconsolidatedStructuredEntitiesMember_lbl" xml:lang="en-US" id="id_12895287_2937192_1_1">Entity's total for unconsolidated structured entities [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForUnconsolidatedStructuredEntitiesMember_lbl" xml:lang="en-US" id="id_12895287_2937192_2_1">Entity's total for unconsolidated structured entities [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForUnconsolidatedStructuredEntitiesMember" xlink:to="ifrs-full_EntitysTotalForUnconsolidatedStructuredEntitiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Equity" xlink:label="ifrs-full_Equity"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Equity_lbl" xml:lang="en-US" id="id_12895287_2937193_1_1">Equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_Equity_lbl" xml:lang="en-US" id="id_12895287_2937193_4_1">Balance, end of year</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_Equity_lbl" xml:lang="en-US" id="id_12895287_2937193_5_1">Balance, beginning of year</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Equity_lbl" xml:lang="en-US" id="id_12895287_2937193_2_1">Total equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_Equity_lbl" xml:lang="en-US" id="id_12895287_2937193_6_1">Total equity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Equity" xlink:to="ifrs-full_Equity_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EquityAbstract" xlink:label="ifrs-full_EquityAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAbstract_lbl" xml:lang="en-US" id="id_12895287_2936592_1_1">Equity [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EquityAbstract_lbl" xml:lang="en-US" id="id_12895287_2936592_2_1">Equity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAbstract" xlink:to="ifrs-full_EquityAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EquityAndLiabilities" xlink:label="ifrs-full_EquityAndLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAndLiabilities_lbl" xml:lang="en-US" id="id_12895287_2936593_1_1">Equity and liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_EquityAndLiabilities_lbl" xml:lang="en-US" id="id_12895287_2936593_6_1">Total liabilities and equity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAndLiabilities" xlink:to="ifrs-full_EquityAndLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EquityAndLiabilitiesAbstract" xlink:label="ifrs-full_EquityAndLiabilitiesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAndLiabilitiesAbstract_lbl" xml:lang="en-US" id="id_12895287_2937358_1_1">Equity and liabilities [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EquityAndLiabilitiesAbstract_lbl" xml:lang="en-US" id="id_12895287_2937358_2_1">Liabilities and Equity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAndLiabilitiesAbstract" xlink:to="ifrs-full_EquityAndLiabilitiesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EquityAttributableToOwnersOfParent" xlink:label="ifrs-full_EquityAttributableToOwnersOfParent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAttributableToOwnersOfParent_lbl" xml:lang="en-US" id="id_12895287_2936894_1_1">Equity attributable to owners of parent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EquityAttributableToOwnersOfParent_lbl" xml:lang="en-US" id="id_12895287_2936894_2_1">Shareholders' equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_EquityAttributableToOwnersOfParent_lbl" xml:lang="en-US" id="id_12895287_2936894_6_1">Total shareholders' equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_EquityAttributableToOwnersOfParent_lbl" xml:lang="en-US" id="id_12895287_2936894_12_1">Total shareholders' equity, end of year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAttributableToOwnersOfParent" xlink:to="ifrs-full_EquityAttributableToOwnersOfParent_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_EquityContractsMember" xlink:label="mfc_EquityContractsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_EquityContractsMember_lbl" xml:lang="en-US" id="id_12895287_2995227_3_1">Equity contracts.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_EquityContractsMember_lbl" xml:lang="en-US" id="id_12895287_2995227_1_1">Equity Contracts [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_EquityContractsMember_lbl" xml:lang="en-US" id="id_12895287_2995227_2_1">Equity contracts [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_EquityContractsMember" xlink:to="mfc_EquityContractsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_EquityExcludingAccumulatedOtherComprehensiveIncomeOnCashFlowHedges" xlink:label="mfc_EquityExcludingAccumulatedOtherComprehensiveIncomeOnCashFlowHedges"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_EquityExcludingAccumulatedOtherComprehensiveIncomeOnCashFlowHedges_lbl" xml:lang="en-US" id="id_12895287_2962335_3_1">Equity excluding accumulated other comprehensive income on cash flow hedges.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_EquityExcludingAccumulatedOtherComprehensiveIncomeOnCashFlowHedges_lbl" xml:lang="en-US" id="id_12895287_2962335_1_1">Equity excluding accumulated other comprehensive income on cash flow hedges</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="mfc_EquityExcludingAccumulatedOtherComprehensiveIncomeOnCashFlowHedges_lbl" xml:lang="en-US" id="id_12895287_2962335_6_1">Total equity excluding AOCI on cash flow hedges</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_EquityExcludingAccumulatedOtherComprehensiveIncomeOnCashFlowHedges" xlink:to="mfc_EquityExcludingAccumulatedOtherComprehensiveIncomeOnCashFlowHedges_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_EquityFunds1Member" xlink:label="mfc_EquityFunds1Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_EquityFunds1Member_lbl" xml:lang="en-US" id="id_12895287_2996926_3_1">Equity funds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_EquityFunds1Member_lbl" xml:lang="en-US" id="id_12895287_2996926_1_1">Equity Funds 1 [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_EquityFunds1Member_lbl" xml:lang="en-US" id="id_12895287_2996926_2_1">Equity funds [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_EquityFunds1Member" xlink:to="mfc_EquityFunds1Member_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_EquityFuturesMember" xlink:label="mfc_EquityFuturesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_EquityFuturesMember_lbl" xml:lang="en-US" id="id_12895287_2996965_3_1">Equity futures [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_EquityFuturesMember_lbl" xml:lang="en-US" id="id_12895287_2996965_1_1">Equity futures [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_EquityFuturesMember_lbl" xml:lang="en-US" id="id_12895287_2996965_2_1">Equity futures [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_EquityFuturesMember" xlink:to="mfc_EquityFuturesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_EquityInNetIncomeLossOfUnconsolidatedSubsidiaries" xlink:label="mfc_EquityInNetIncomeLossOfUnconsolidatedSubsidiaries"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_EquityInNetIncomeLossOfUnconsolidatedSubsidiaries_lbl" xml:lang="en-US" id="id_12895287_2946184_3_1">Equity in net income loss of unconsolidated subsidiaries.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_EquityInNetIncomeLossOfUnconsolidatedSubsidiaries_lbl" xml:lang="en-US" id="id_12895287_2946184_1_1">Equity In Net Income Loss Of Unconsolidated Subsidiaries</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_EquityInNetIncomeLossOfUnconsolidatedSubsidiaries_lbl" xml:lang="en-US" id="id_12895287_2946184_2_1">Equity in net income (loss) of unconsolidated subsidiaries</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_EquityInNetIncomeLossOfUnconsolidatedSubsidiaries_lbl" xml:lang="en-US" id="id_12895287_2946184_14_1">Equity in net income of unconsolidated subsidiaries</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_EquityInNetIncomeLossOfUnconsolidatedSubsidiaries" xlink:to="mfc_EquityInNetIncomeLossOfUnconsolidatedSubsidiaries_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_EquityInSegregatedFundsMember" xlink:label="mfc_EquityInSegregatedFundsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_EquityInSegregatedFundsMember_lbl" xml:lang="en-US" id="id_12895287_2999033_3_1">Equity in segregated funds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_EquityInSegregatedFundsMember_lbl" xml:lang="en-US" id="id_12895287_2999033_1_1">Equity in Segregated Funds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_EquityInSegregatedFundsMember_lbl" xml:lang="en-US" id="id_12895287_2999033_2_1">Equity [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_EquityInSegregatedFundsMember" xlink:to="mfc_EquityInSegregatedFundsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets" xlink:label="ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets_lbl" xml:lang="en-US" id="id_12895287_2936595_1_1">Equity instruments, amount contributed to fair value of plan assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets_lbl" xml:lang="en-US" id="id_12895287_2936595_2_1">Equity securities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets" xlink:to="ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EquityInstrumentsHeld" xlink:label="ifrs-full_EquityInstrumentsHeld"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityInstrumentsHeld_lbl" xml:lang="en-US" id="id_12895287_2937194_1_1">Equity instruments held</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EquityInstrumentsHeld_lbl" xml:lang="en-US" id="id_12895287_2937194_2_1">Public equities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityInstrumentsHeld" xlink:to="ifrs-full_EquityInstrumentsHeld_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EquityMember" xlink:label="ifrs-full_EquityMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityMember_lbl" xml:lang="en-US" id="id_12895287_2937197_1_1">Equity [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EquityMember_lbl" xml:lang="en-US" id="id_12895287_2937197_2_1">Equity [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityMember" xlink:to="ifrs-full_EquityMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_EquitySecurities1Member" xlink:label="mfc_EquitySecurities1Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_EquitySecurities1Member_lbl" xml:lang="en-US" id="id_12895287_3012614_3_1">This member stands for instruments held by the entity that represent ownership.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_EquitySecurities1Member_lbl" xml:lang="en-US" id="id_12895287_3012614_1_1">Equity Securities 1 [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_EquitySecurities1Member_lbl" xml:lang="en-US" id="id_12895287_3012614_2_1">Equity securities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_EquitySecurities1Member" xlink:to="mfc_EquitySecurities1Member_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan" xlink:label="ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan_lbl" xml:lang="en-US" id="id_12895287_2936598_1_1">Estimate of contributions expected to be paid to plan for next annual reporting period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan_lbl" xml:lang="en-US" id="id_12895287_2936598_2_1">Estimate of expected cash payments for employee future benefits for the year ending December 31, 2018</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan" xlink:to="ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ExchangeDifferencesOnTranslationAbstract" xlink:label="ifrs-full_ExchangeDifferencesOnTranslationAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExchangeDifferencesOnTranslationAbstract_lbl" xml:lang="en-US" id="id_12895287_2937361_1_1">Exchange differences on translation [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ExchangeDifferencesOnTranslationAbstract_lbl" xml:lang="en-US" id="id_12895287_2937361_2_1">Foreign exchange gains (losses) on:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExchangeDifferencesOnTranslationAbstract" xlink:to="ifrs-full_ExchangeDifferencesOnTranslationAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ExecutiveStockOptionPlanMember" xlink:label="mfc_ExecutiveStockOptionPlanMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ExecutiveStockOptionPlanMember_lbl" xml:lang="en-US" id="id_12895287_2998124_3_1">Executive stock option plan.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ExecutiveStockOptionPlanMember_lbl" xml:lang="en-US" id="id_12895287_2998124_1_1">Executive Stock Option Plan [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ExecutiveStockOptionPlanMember_lbl" xml:lang="en-US" id="id_12895287_2998124_2_1">Executive Stock Option Plan [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ExecutiveStockOptionPlanMember" xlink:to="mfc_ExecutiveStockOptionPlanMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ExercisePricesRangeOneMember" xlink:label="mfc_ExercisePricesRangeOneMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ExercisePricesRangeOneMember_lbl" xml:lang="en-US" id="id_12895287_2999024_3_1">Exercise prices range one.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ExercisePricesRangeOneMember_lbl" xml:lang="en-US" id="id_12895287_2999024_1_1">Exercise Prices Range One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ExercisePricesRangeOneMember_lbl" xml:lang="en-US" id="id_12895287_2999024_2_1">$11.23 - $20.99 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ExercisePricesRangeOneMember" xlink:to="mfc_ExercisePricesRangeOneMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ExercisePricesRangeThreeMember" xlink:label="mfc_ExercisePricesRangeThreeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ExercisePricesRangeThreeMember_lbl" xml:lang="en-US" id="id_12895287_2999026_3_1">Exercise prices range three.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ExercisePricesRangeThreeMember_lbl" xml:lang="en-US" id="id_12895287_2999026_1_1">Exercise Prices Range three [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ExercisePricesRangeThreeMember_lbl" xml:lang="en-US" id="id_12895287_2999026_2_1">$30.00 - $37.71 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ExercisePricesRangeThreeMember" xlink:to="mfc_ExercisePricesRangeThreeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ExercisePricesRangeTwoMember" xlink:label="mfc_ExercisePricesRangeTwoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ExercisePricesRangeTwoMember_lbl" xml:lang="en-US" id="id_12895287_2999025_3_1">Exercise prices range two.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ExercisePricesRangeTwoMember_lbl" xml:lang="en-US" id="id_12895287_2999025_1_1">Exercise Prices Range Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ExercisePricesRangeTwoMember_lbl" xml:lang="en-US" id="id_12895287_2999025_2_1">$21.00 - $29.99 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ExercisePricesRangeTwoMember" xlink:to="mfc_ExercisePricesRangeTwoMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted" xlink:label="ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted_lbl" xml:lang="en-US" id="id_12895287_2936602_1_1">Expected dividend as percentage, share options granted</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted_lbl" xml:lang="en-US" id="id_12895287_2936602_2_1">Dividend yield</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted" xlink:to="ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ExpectedLifeOfShareAwards" xlink:label="mfc_ExpectedLifeOfShareAwards"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ExpectedLifeOfShareAwards_lbl" xml:lang="en-US" id="id_12895287_2977892_3_1">An expected number of years a share award is existing.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ExpectedLifeOfShareAwards_lbl" xml:lang="en-US" id="id_12895287_2977892_1_1">Expected Life Of Share Awards</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ExpectedLifeOfShareAwards_lbl" xml:lang="en-US" id="id_12895287_2977892_2_1">Expected life</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ExpectedLifeOfShareAwards" xlink:to="mfc_ExpectedLifeOfShareAwards_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:label="ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_lbl" xml:lang="en-US" id="id_12895287_2936607_1_1">Expense from share-based payment transactions with employees</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_lbl" xml:lang="en-US" id="id_12895287_2936607_2_1">Compensation expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:to="ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ExplanationOfShareOptionsInSharebasedPaymentArrangement" xlink:label="ifrs-full_ExplanationOfShareOptionsInSharebasedPaymentArrangement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExplanationOfShareOptionsInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2936630_1_1">Description of share-based payment arrangement</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ExplanationOfShareOptionsInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2936630_2_1">Description of share-based payment arrangement</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExplanationOfShareOptionsInSharebasedPaymentArrangement" xlink:to="ifrs-full_ExplanationOfShareOptionsInSharebasedPaymentArrangement_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ExplanationOfSignificantChangesInContractAssetsAndContractLiabilitiesExplanatory" xlink:label="ifrs-full_ExplanationOfSignificantChangesInContractAssetsAndContractLiabilitiesExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExplanationOfSignificantChangesInContractAssetsAndContractLiabilitiesExplanatory_lbl" xml:lang="en-US" id="id_12895287_2937407_1_1">Explanation of significant changes in contract assets and contract liabilities [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ExplanationOfSignificantChangesInContractAssetsAndContractLiabilitiesExplanatory_lbl" xml:lang="en-US" id="id_12895287_2937407_2_1">Summary of Change in Insurance Contract Liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExplanationOfSignificantChangesInContractAssetsAndContractLiabilitiesExplanatory" xlink:to="ifrs-full_ExplanationOfSignificantChangesInContractAssetsAndContractLiabilitiesExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ExposureToCreditRiskOffsetByCollateralHeldAsSecurity" xlink:label="mfc_ExposureToCreditRiskOffsetByCollateralHeldAsSecurity"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ExposureToCreditRiskOffsetByCollateralHeldAsSecurity_lbl" xml:lang="en-US" id="id_12895287_2962453_3_1">Exposure to credit risk offset by collateral held as security.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ExposureToCreditRiskOffsetByCollateralHeldAsSecurity_lbl" xml:lang="en-US" id="id_12895287_2962453_1_1">Exposure to credit risk offset by collateral held as security</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ExposureToCreditRiskOffsetByCollateralHeldAsSecurity_lbl" xml:lang="en-US" id="id_12895287_2962453_2_1">Exposure to credit risk</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ExposureToCreditRiskOffsetByCollateralHeldAsSecurity" xlink:to="mfc_ExposureToCreditRiskOffsetByCollateralHeldAsSecurity_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ExternalCreditGradesAxis" xlink:label="ifrs-full_ExternalCreditGradesAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExternalCreditGradesAxis_lbl" xml:lang="en-US" id="id_12895287_2936632_1_1">External credit grades [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ExternalCreditGradesAxis_lbl" xml:lang="en-US" id="id_12895287_2936632_2_1">External credit grades [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExternalCreditGradesAxis" xlink:to="ifrs-full_ExternalCreditGradesAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FairValueHedgesMember" xlink:label="ifrs-full_FairValueHedgesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FairValueHedgesMember_lbl" xml:lang="en-US" id="id_12895287_2937898_1_1">Fair value hedges [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FairValueHedgesMember_lbl" xml:lang="en-US" id="id_12895287_2937898_2_1">Fair value hedges [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FairValueHedgesMember" xlink:to="ifrs-full_FairValueHedgesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FairValueMeasurementsMember" xlink:label="mfc_FairValueMeasurementsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FairValueMeasurementsMember_lbl" xml:lang="en-US" id="id_12895287_2998164_3_1">Fair value measurements [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FairValueMeasurementsMember_lbl" xml:lang="en-US" id="id_12895287_2998164_1_1">Fair value measurements [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FairValueMeasurementsMember_lbl" xml:lang="en-US" id="id_12895287_2998164_2_1">Fair value measurements [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FairValueMeasurementsMember" xlink:to="mfc_FairValueMeasurementsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FairValueOfAssetsBackingCapitalAndOtherLiabilities" xlink:label="mfc_FairValueOfAssetsBackingCapitalAndOtherLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FairValueOfAssetsBackingCapitalAndOtherLiabilities_lbl" xml:lang="en-US" id="id_12895287_2961973_3_1">Fair value of assets backing capital and other liabilities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FairValueOfAssetsBackingCapitalAndOtherLiabilities_lbl" xml:lang="en-US" id="id_12895287_2961973_1_1">Fair value of assets backing capital and other liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FairValueOfAssetsBackingCapitalAndOtherLiabilities_lbl" xml:lang="en-US" id="id_12895287_2961973_2_1">Fair value of assets backing capital and other liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FairValueOfAssetsBackingCapitalAndOtherLiabilities" xlink:to="mfc_FairValueOfAssetsBackingCapitalAndOtherLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FairValueOfAssetsBackingNetInsuranceContractLiabilitiesExcludingReinsuranceAssets" xlink:label="mfc_FairValueOfAssetsBackingNetInsuranceContractLiabilitiesExcludingReinsuranceAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FairValueOfAssetsBackingNetInsuranceContractLiabilitiesExcludingReinsuranceAssets_lbl" xml:lang="en-US" id="id_12895287_2962398_3_1">Fair value of assets backing net insurance contract liabilities excluding reinsurance assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FairValueOfAssetsBackingNetInsuranceContractLiabilitiesExcludingReinsuranceAssets_lbl" xml:lang="en-US" id="id_12895287_2962398_1_1">Fair value of assets backing net insurance contract liabilities excluding reinsurance assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FairValueOfAssetsBackingNetInsuranceContractLiabilitiesExcludingReinsuranceAssets_lbl" xml:lang="en-US" id="id_12895287_2962398_2_1">Fair value of assets backing net insurance contract liabilities excluding reinsurance assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FairValueOfAssetsBackingNetInsuranceContractLiabilitiesExcludingReinsuranceAssets" xlink:to="mfc_FairValueOfAssetsBackingNetInsuranceContractLiabilitiesExcludingReinsuranceAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FairValueOfCapitalInstrumentsLineItems" xlink:label="mfc_FairValueOfCapitalInstrumentsLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FairValueOfCapitalInstrumentsLineItems_lbl" xml:lang="en-US" id="id_12895287_3032507_3_1">Fair value of capital instruments [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FairValueOfCapitalInstrumentsLineItems_lbl" xml:lang="en-US" id="id_12895287_3032507_1_1">Fair value of capital instruments [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FairValueOfCapitalInstrumentsLineItems_lbl" xml:lang="en-US" id="id_12895287_3032507_2_1">Fair value of capital instruments [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FairValueOfCapitalInstrumentsLineItems" xlink:to="mfc_FairValueOfCapitalInstrumentsLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FairValueOfCapitalInstrumentsTable" xlink:label="mfc_FairValueOfCapitalInstrumentsTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FairValueOfCapitalInstrumentsTable_lbl" xml:lang="en-US" id="id_12895287_3032506_3_1">Fair value of capital instruments [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FairValueOfCapitalInstrumentsTable_lbl" xml:lang="en-US" id="id_12895287_3032506_1_1">Fair value of capital instruments [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FairValueOfCapitalInstrumentsTable_lbl" xml:lang="en-US" id="id_12895287_3032506_2_1">Fair value of capital instruments [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FairValueOfCapitalInstrumentsTable" xlink:to="mfc_FairValueOfCapitalInstrumentsTable_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FairValueOfCreditAndInterestRateEmbeddedDerivatives" xlink:label="mfc_FairValueOfCreditAndInterestRateEmbeddedDerivatives"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FairValueOfCreditAndInterestRateEmbeddedDerivatives_lbl" xml:lang="en-US" id="id_12895287_2962158_3_1">Fair value of credit and interest rate embedded derivatives.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FairValueOfCreditAndInterestRateEmbeddedDerivatives_lbl" xml:lang="en-US" id="id_12895287_2962158_1_1">Fair value of credit and interest rate embedded derivatives</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FairValueOfCreditAndInterestRateEmbeddedDerivatives_lbl" xml:lang="en-US" id="id_12895287_2962158_2_1">Fair value of credit and interest rate embedded derivatives</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FairValueOfCreditAndInterestRateEmbeddedDerivatives" xlink:to="mfc_FairValueOfCreditAndInterestRateEmbeddedDerivatives_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FairValueOfDerivativeFinancialAssetsLiabilitiesNet" xlink:label="mfc_FairValueOfDerivativeFinancialAssetsLiabilitiesNet"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FairValueOfDerivativeFinancialAssetsLiabilitiesNet_lbl" xml:lang="en-US" id="id_12895287_2962208_3_1">Fair value of derivative financial assets liabilities net.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FairValueOfDerivativeFinancialAssetsLiabilitiesNet_lbl" xml:lang="en-US" id="id_12895287_2962208_1_1">Fair value of derivative financial assets liabilities net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FairValueOfDerivativeFinancialAssetsLiabilitiesNet_lbl" xml:lang="en-US" id="id_12895287_2962208_2_1">Fair value, net</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FairValueOfDerivativeFinancialAssetsLiabilitiesNet" xlink:to="mfc_FairValueOfDerivativeFinancialAssetsLiabilitiesNet_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FairValueOfReinsuranceAssumedGuaranteedMinimumIncomeBenefits" xlink:label="mfc_FairValueOfReinsuranceAssumedGuaranteedMinimumIncomeBenefits"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FairValueOfReinsuranceAssumedGuaranteedMinimumIncomeBenefits_lbl" xml:lang="en-US" id="id_12895287_2962164_3_1">Fair value of reinsurance assumed guaranteed minimum income benefits.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FairValueOfReinsuranceAssumedGuaranteedMinimumIncomeBenefits_lbl" xml:lang="en-US" id="id_12895287_2962164_1_1">Fair value of reinsurance assumed guaranteed minimum income benefits</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FairValueOfReinsuranceAssumedGuaranteedMinimumIncomeBenefits_lbl" xml:lang="en-US" id="id_12895287_2962164_2_1">Fair value of reinsurance assumed guaranteed minimum income benefits</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FairValueOfReinsuranceAssumedGuaranteedMinimumIncomeBenefits" xlink:to="mfc_FairValueOfReinsuranceAssumedGuaranteedMinimumIncomeBenefits_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FairValueOfReinsuranceCededGuaranteedMinimumIncomeBenefits" xlink:label="mfc_FairValueOfReinsuranceCededGuaranteedMinimumIncomeBenefits"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FairValueOfReinsuranceCededGuaranteedMinimumIncomeBenefits_lbl" xml:lang="en-US" id="id_12895287_2962163_3_1">Fair value of reinsurance ceded guaranteed minimum income benefits.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FairValueOfReinsuranceCededGuaranteedMinimumIncomeBenefits_lbl" xml:lang="en-US" id="id_12895287_2962163_1_1">Fair value of reinsurance ceded guaranteed minimum income benefits</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FairValueOfReinsuranceCededGuaranteedMinimumIncomeBenefits_lbl" xml:lang="en-US" id="id_12895287_2962163_2_1">Fair value of reinsurance ceded guaranteed minimum income benefits</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FairValueOfReinsuranceCededGuaranteedMinimumIncomeBenefits" xlink:to="mfc_FairValueOfReinsuranceCededGuaranteedMinimumIncomeBenefits_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FairValuePerUnitOtherEquityInstrumentsInShareBasedPaymentArrangement" xlink:label="mfc_FairValuePerUnitOtherEquityInstrumentsInShareBasedPaymentArrangement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FairValuePerUnitOtherEquityInstrumentsInShareBasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_3030877_3_1">Fair value per unit other equity instruments in share based payment arrangement.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FairValuePerUnitOtherEquityInstrumentsInShareBasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_3030877_1_1">Fair value per unit other equity instruments in share based payment arrangement</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FairValuePerUnitOtherEquityInstrumentsInShareBasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_3030877_2_1">Fair value of equity granted</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FairValuePerUnitOtherEquityInstrumentsInShareBasedPaymentArrangement" xlink:to="mfc_FairValuePerUnitOtherEquityInstrumentsInShareBasedPaymentArrangement_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FederalHomeLoanBankOfIndianapolisFacilityMember" xlink:label="mfc_FederalHomeLoanBankOfIndianapolisFacilityMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FederalHomeLoanBankOfIndianapolisFacilityMember_lbl" xml:lang="en-US" id="id_12895287_2999289_3_1">Federal Home Loan Bank of Indianapolis facility.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FederalHomeLoanBankOfIndianapolisFacilityMember_lbl" xml:lang="en-US" id="id_12895287_2999289_1_1">Federal Home Loan Bank of Indianapolis Facility [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FederalHomeLoanBankOfIndianapolisFacilityMember_lbl" xml:lang="en-US" id="id_12895287_2999289_2_1">FHLBI facility [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FederalHomeLoanBankOfIndianapolisFacilityMember" xlink:to="mfc_FederalHomeLoanBankOfIndianapolisFacilityMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FeeAndCommissionExpense" xlink:label="ifrs-full_FeeAndCommissionExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FeeAndCommissionExpense_lbl" xml:lang="en-US" id="id_12895287_2937431_1_1">Fee and commission expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FeeAndCommissionExpense_lbl" xml:lang="en-US" id="id_12895287_2937431_2_1">Commissions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FeeAndCommissionExpense" xlink:to="ifrs-full_FeeAndCommissionExpense_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FemaleMember" xlink:label="mfc_FemaleMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FemaleMember_lbl" xml:lang="en-US" id="id_12895287_2995313_3_1">Female [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FemaleMember_lbl" xml:lang="en-US" id="id_12895287_2995313_1_1">Female [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FemaleMember_lbl" xml:lang="en-US" id="id_12895287_2995313_2_1">Female [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FemaleMember" xlink:to="mfc_FemaleMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialAssets" xlink:label="ifrs-full_FinancialAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2936647_1_1">Financial assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="ifrs-full_FinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2936647_32_1">Net carrying value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel" xlink:label="ifrs-full_FinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2936647_33_1">Total carrying value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2936647_2_1">Carrying value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_FinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2936647_12_1">Carrying value or impaired value, financial assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssets" xlink:to="ifrs-full_FinancialAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialAssetsAtFairValue" xlink:label="ifrs-full_FinancialAssetsAtFairValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtFairValue_lbl" xml:lang="en-US" id="id_12895287_2936648_1_1">Financial assets, at fair value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsAtFairValue_lbl" xml:lang="en-US" id="id_12895287_2936648_2_1">Fair value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_FinancialAssetsAtFairValue_lbl" xml:lang="en-US" id="id_12895287_2936648_12_1">Total fair value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtFairValue" xlink:to="ifrs-full_FinancialAssetsAtFairValue_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialAssetsAtFairValueMember" xlink:label="ifrs-full_FinancialAssetsAtFairValueMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtFairValueMember_lbl" xml:lang="en-US" id="id_12895287_2936955_1_1">Financial assets at fair value, class [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsAtFairValueMember_lbl" xml:lang="en-US" id="id_12895287_2936955_2_1">Financial assets at fair value, class [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtFairValueMember" xlink:to="ifrs-full_FinancialAssetsAtFairValueMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_lbl" xml:lang="en-US" id="id_12895287_2937438_1_1">Financial assets at fair value through profit or loss, category [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_lbl" xml:lang="en-US" id="id_12895287_2937438_2_1">FVTPL [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:to="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialAssetsAvailableforsaleCategoryMember" xlink:label="ifrs-full_FinancialAssetsAvailableforsaleCategoryMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAvailableforsaleCategoryMember_lbl" xml:lang="en-US" id="id_12895287_2936650_1_1">Financial assets available-for-sale, category [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsAvailableforsaleCategoryMember_lbl" xml:lang="en-US" id="id_12895287_2936650_2_1">AFS [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAvailableforsaleCategoryMember" xlink:to="ifrs-full_FinancialAssetsAvailableforsaleCategoryMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialAssetsCategoryMember" xlink:label="ifrs-full_FinancialAssetsCategoryMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsCategoryMember_lbl" xml:lang="en-US" id="id_12895287_2936651_1_1">Financial assets, category [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsCategoryMember_lbl" xml:lang="en-US" id="id_12895287_2936651_2_1">Financial assets, category [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsCategoryMember" xlink:to="ifrs-full_FinancialAssetsCategoryMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FinancialAssetsImpairedLoanMember" xlink:label="mfc_FinancialAssetsImpairedLoanMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FinancialAssetsImpairedLoanMember_lbl" xml:lang="en-US" id="id_12895287_2999043_3_1">Financial assets impaired loan.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FinancialAssetsImpairedLoanMember_lbl" xml:lang="en-US" id="id_12895287_2999043_1_1">Financial assets impaired loan [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FinancialAssetsImpairedLoanMember_lbl" xml:lang="en-US" id="id_12895287_2999043_2_1">Financial assets impaired loan [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FinancialAssetsImpairedLoanMember" xlink:to="mfc_FinancialAssetsImpairedLoanMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialAssetsImpairedMember" xlink:label="ifrs-full_FinancialAssetsImpairedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsImpairedMember_lbl" xml:lang="en-US" id="id_12895287_2936654_1_1">Financial assets impaired [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsImpairedMember_lbl" xml:lang="en-US" id="id_12895287_2936654_2_1">Impaired [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsImpairedMember" xlink:to="ifrs-full_FinancialAssetsImpairedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialAssetsMember" xlink:label="ifrs-full_FinancialAssetsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2937442_1_1">Financial assets, class [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2937442_2_1">Financial assets, class [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsMember" xlink:to="ifrs-full_FinancialAssetsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialAssetsPastDueButNotImpairedMember" xlink:label="ifrs-full_FinancialAssetsPastDueButNotImpairedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsPastDueButNotImpairedMember_lbl" xml:lang="en-US" id="id_12895287_2936657_1_1">Financial assets past due but not impaired [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsPastDueButNotImpairedMember_lbl" xml:lang="en-US" id="id_12895287_2936657_2_1">Financial assets past due but not impaired [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsPastDueButNotImpairedMember" xlink:to="ifrs-full_FinancialAssetsPastDueButNotImpairedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" xlink:label="ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities_lbl" xml:lang="en-US" id="id_12895287_2936658_1_1">Financial assets pledged as collateral for liabilities or contingent liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities_lbl" xml:lang="en-US" id="id_12895287_2936658_2_1">Pledged amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" xlink:to="ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialAssetsTypeMember" xlink:label="ifrs-full_FinancialAssetsTypeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsTypeMember_lbl" xml:lang="en-US" id="id_12895287_2937921_1_1">Financial assets, type [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsTypeMember_lbl" xml:lang="en-US" id="id_12895287_2937921_2_1">Financial assets, type [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsTypeMember" xlink:to="ifrs-full_FinancialAssetsTypeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FinancialInstrumentsDisclosuresUnderIFRS7Explanatory" xlink:label="mfc_FinancialInstrumentsDisclosuresUnderIFRS7Explanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FinancialInstrumentsDisclosuresUnderIFRS7Explanatory_lbl" xml:lang="en-US" id="id_12895287_3015836_3_1">Financial Instruments - Disclosures under IFRS 7.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FinancialInstrumentsDisclosuresUnderIFRS7Explanatory_lbl" xml:lang="en-US" id="id_12895287_3015836_1_1">Financial Instruments - Disclosures under IFRS 7 [text block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FinancialInstrumentsDisclosuresUnderIFRS7Explanatory_lbl" xml:lang="en-US" id="id_12895287_3015836_2_1">IFRS 7 Disclosures</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FinancialInstrumentsDisclosuresUnderIFRS7Explanatory" xlink:to="mfc_FinancialInstrumentsDisclosuresUnderIFRS7Explanatory_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FinancialInstrumentsDisclosuresUnderIFRS7LineItems" xlink:label="mfc_FinancialInstrumentsDisclosuresUnderIFRS7LineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FinancialInstrumentsDisclosuresUnderIFRS7LineItems_lbl" xml:lang="en-US" id="id_12895287_2942310_3_1">Financial Instruments - Disclosures under IFRS 7 [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FinancialInstrumentsDisclosuresUnderIFRS7LineItems_lbl" xml:lang="en-US" id="id_12895287_2942310_1_1">Financial Instruments - Disclosures under IFRS 7 [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FinancialInstrumentsDisclosuresUnderIFRS7LineItems_lbl" xml:lang="en-US" id="id_12895287_2942310_2_1">Financial Instruments - Disclosures under IFRS 7 [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FinancialInstrumentsDisclosuresUnderIFRS7LineItems" xlink:to="mfc_FinancialInstrumentsDisclosuresUnderIFRS7LineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FinancialInstrumentsDisclosuresUnderIFRS7Table" xlink:label="mfc_FinancialInstrumentsDisclosuresUnderIFRS7Table"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FinancialInstrumentsDisclosuresUnderIFRS7Table_lbl" xml:lang="en-US" id="id_12895287_2979162_3_1">Financial Instruments - Disclosures under IFRS 7 [table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FinancialInstrumentsDisclosuresUnderIFRS7Table_lbl" xml:lang="en-US" id="id_12895287_2979162_1_1">Financial Instruments - Disclosures under IFRS 7 [table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FinancialInstrumentsDisclosuresUnderIFRS7Table_lbl" xml:lang="en-US" id="id_12895287_2979162_2_1">Financial Instruments - Disclosures under IFRS 7 [table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FinancialInstrumentsDisclosuresUnderIFRS7Table" xlink:to="mfc_FinancialInstrumentsDisclosuresUnderIFRS7Table_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FinancialInstrumentsMember" xlink:label="mfc_FinancialInstrumentsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FinancialInstrumentsMember_lbl" xml:lang="en-US" id="id_12895287_2981158_3_1">Financial Instruments [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FinancialInstrumentsMember_lbl" xml:lang="en-US" id="id_12895287_2981158_1_1">Financial Instruments [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FinancialInstrumentsMember_lbl" xml:lang="en-US" id="id_12895287_2981158_2_1">Financial Instruments [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FinancialInstrumentsMember" xlink:to="mfc_FinancialInstrumentsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" xlink:label="ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2936966_1_1">Financial instruments subject to enforceable master netting arrangement or similar agreement not set off against financial assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2936966_2_1">Largest single counterparty exposure without master netting agreements or the benefit of collateral held</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2936966_14_1">Amounts subject to an enforceable master netting arrangement or similar agreements</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" xlink:to="ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" xlink:label="ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities_lbl" xml:lang="en-US" id="id_12895287_2937932_1_1">Financial instruments subject to enforceable master netting arrangement or similar agreement not set off against financial liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities_lbl" xml:lang="en-US" id="id_12895287_2937932_2_1">Amounts subject to an enforceable master netting arrangement or similar agreements</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" xlink:to="ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialLiabilitiesAtAmortisedCost" xlink:label="ifrs-full_FinancialLiabilitiesAtAmortisedCost"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialLiabilitiesAtAmortisedCost_lbl" xml:lang="en-US" id="id_12895287_2938090_1_1">Financial liabilities at amortised cost</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialLiabilitiesAtAmortisedCost_lbl" xml:lang="en-US" id="id_12895287_2938090_2_1">Capital instruments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilitiesAtAmortisedCost" xlink:to="ifrs-full_FinancialLiabilitiesAtAmortisedCost_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialLiabilitiesAtAmortisedCostMember" xlink:label="ifrs-full_FinancialLiabilitiesAtAmortisedCostMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialLiabilitiesAtAmortisedCostMember_lbl" xml:lang="en-US" id="id_12895287_2936667_1_1">Financial liabilities at amortised cost, class [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialLiabilitiesAtAmortisedCostMember_lbl" xml:lang="en-US" id="id_12895287_2936667_2_1">Amortized cost [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilitiesAtAmortisedCostMember" xlink:to="ifrs-full_FinancialLiabilitiesAtAmortisedCostMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialLiabilitiesAtFairValueMember" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValueMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValueMember_lbl" xml:lang="en-US" id="id_12895287_2936967_1_1">Financial liabilities at fair value, class [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValueMember_lbl" xml:lang="en-US" id="id_12895287_2936967_2_1">Fair value [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilitiesAtFairValueMember" xlink:to="ifrs-full_FinancialLiabilitiesAtFairValueMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FinancialLiabilitiesBeforeLongTermDebtCapitalInstrumentsAndSegregatedFunds" xlink:label="mfc_FinancialLiabilitiesBeforeLongTermDebtCapitalInstrumentsAndSegregatedFunds"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FinancialLiabilitiesBeforeLongTermDebtCapitalInstrumentsAndSegregatedFunds_lbl" xml:lang="en-US" id="id_12895287_2957729_3_1">Financial Liabilities before long term debt,capital instruments and segregated funds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FinancialLiabilitiesBeforeLongTermDebtCapitalInstrumentsAndSegregatedFunds_lbl" xml:lang="en-US" id="id_12895287_2957729_1_1">Financial Liabilities before long term debt,capital instruments and segregated funds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="mfc_FinancialLiabilitiesBeforeLongTermDebtCapitalInstrumentsAndSegregatedFunds_lbl" xml:lang="en-US" id="id_12895287_2957729_6_1">Financial liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FinancialLiabilitiesBeforeLongTermDebtCapitalInstrumentsAndSegregatedFunds" xlink:to="mfc_FinancialLiabilitiesBeforeLongTermDebtCapitalInstrumentsAndSegregatedFunds_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialLiabilitiesMember" xlink:label="ifrs-full_FinancialLiabilitiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2936669_1_1">Financial liabilities, class [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2936669_2_1">Financial liabilities, class [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilitiesMember" xlink:to="ifrs-full_FinancialLiabilitiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialLiabilitiesTypeMember" xlink:label="ifrs-full_FinancialLiabilitiesTypeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialLiabilitiesTypeMember_lbl" xml:lang="en-US" id="id_12895287_2936672_1_1">Financial liabilities, type [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialLiabilitiesTypeMember_lbl" xml:lang="en-US" id="id_12895287_2936672_2_1">Financial liabilities, type [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilitiesTypeMember" xlink:to="ifrs-full_FinancialLiabilitiesTypeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FinancialMember" xlink:label="mfc_FinancialMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FinancialMember_lbl" xml:lang="en-US" id="id_12895287_2997680_3_1">Financial.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FinancialMember_lbl" xml:lang="en-US" id="id_12895287_2997680_1_1">Financial [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FinancialMember_lbl" xml:lang="en-US" id="id_12895287_2997680_2_1">Financial [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FinancialMember" xlink:to="mfc_FinancialMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FinancingStructuredEntitiesMember" xlink:label="mfc_FinancingStructuredEntitiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FinancingStructuredEntitiesMember_lbl" xml:lang="en-US" id="id_12895287_2984125_3_1">Financing subsidiary entities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FinancingStructuredEntitiesMember_lbl" xml:lang="en-US" id="id_12895287_2984125_1_1">Financing Structured Entities [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FinancingStructuredEntitiesMember_lbl" xml:lang="en-US" id="id_12895287_2984125_2_1">Financing SEs [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FinancingStructuredEntitiesMember" xlink:to="mfc_FinancingStructuredEntitiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FiniteLivedIntangibleAssetUsefulLife1" xlink:label="mfc_FiniteLivedIntangibleAssetUsefulLife1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FiniteLivedIntangibleAssetUsefulLife1_lbl" xml:lang="en-US" id="id_12895287_2977148_3_1">Finite lived intangible asset useful life.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FiniteLivedIntangibleAssetUsefulLife1_lbl" xml:lang="en-US" id="id_12895287_2977148_1_1">Finite Lived Intangible Asset Useful Life1</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FiniteLivedIntangibleAssetUsefulLife1_lbl" xml:lang="en-US" id="id_12895287_2977148_2_1">Finite -Lived intangible assets, useful life</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FiniteLivedIntangibleAssetUsefulLife1" xlink:to="mfc_FiniteLivedIntangibleAssetUsefulLife1_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FirstNorthAmericanInsuranceCompanyMember" xlink:label="mfc_FirstNorthAmericanInsuranceCompanyMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FirstNorthAmericanInsuranceCompanyMember_lbl" xml:lang="en-US" id="id_12895287_2997806_3_1">First North American Insurance Company.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FirstNorthAmericanInsuranceCompanyMember_lbl" xml:lang="en-US" id="id_12895287_2997806_1_1">First North American Insurance Company [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FirstNorthAmericanInsuranceCompanyMember_lbl" xml:lang="en-US" id="id_12895287_2997806_2_1">First North American Insurance Company [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FirstNorthAmericanInsuranceCompanyMember" xlink:to="mfc_FirstNorthAmericanInsuranceCompanyMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FivePercentAdverseChangeInFutureMorbidityRatesMember" xlink:label="mfc_FivePercentAdverseChangeInFutureMorbidityRatesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FivePercentAdverseChangeInFutureMorbidityRatesMember_lbl" xml:lang="en-US" id="id_12895287_2997853_3_1">This member stands for five percent adverse change in future morbidity rates.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FivePercentAdverseChangeInFutureMorbidityRatesMember_lbl" xml:lang="en-US" id="id_12895287_2997853_1_1">Five percent adverse change in future morbidity rates [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FivePercentAdverseChangeInFutureMorbidityRatesMember_lbl" xml:lang="en-US" id="id_12895287_2997853_2_1">5% Adverse change in future morbidity rates [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FivePercentAdverseChangeInFutureMorbidityRatesMember" xlink:to="mfc_FivePercentAdverseChangeInFutureMorbidityRatesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FivePercentIncreaseInFutureExpenseLevelsMember" xlink:label="mfc_FivePercentIncreaseInFutureExpenseLevelsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FivePercentIncreaseInFutureExpenseLevelsMember_lbl" xml:lang="en-US" id="id_12895287_2997854_3_1">This member stands for five percent increase in future expense levels.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FivePercentIncreaseInFutureExpenseLevelsMember_lbl" xml:lang="en-US" id="id_12895287_2997854_1_1">Five percent increase in future expense levels [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FivePercentIncreaseInFutureExpenseLevelsMember_lbl" xml:lang="en-US" id="id_12895287_2997854_2_1">5% increase in future expense levels [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FivePercentIncreaseInFutureExpenseLevelsMember" xlink:to="mfc_FivePercentIncreaseInFutureExpenseLevelsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FivePointFiveZeroFivePercentageMediumTermNotesMember" xlink:label="mfc_FivePointFiveZeroFivePercentageMediumTermNotesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FivePointFiveZeroFivePercentageMediumTermNotesMember_lbl" xml:lang="en-US" id="id_12895287_2999041_3_1">5.505% medium term notes.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FivePointFiveZeroFivePercentageMediumTermNotesMember_lbl" xml:lang="en-US" id="id_12895287_2999041_1_1">Five Point Five Zero Five Percentage Medium Term Notes [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FivePointFiveZeroFivePercentageMediumTermNotesMember_lbl" xml:lang="en-US" id="id_12895287_2999041_2_1">5.505% Medium term notes [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FivePointFiveZeroFivePercentageMediumTermNotesMember" xlink:to="mfc_FivePointFiveZeroFivePercentageMediumTermNotesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FivePointThreeSevenFivePercentageSeniorNotesMember" xlink:label="mfc_FivePointThreeSevenFivePercentageSeniorNotesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FivePointThreeSevenFivePercentageSeniorNotesMember_lbl" xml:lang="en-US" id="id_12895287_2998029_3_1">5.375% senior notes.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FivePointThreeSevenFivePercentageSeniorNotesMember_lbl" xml:lang="en-US" id="id_12895287_2998029_1_1">Five Point Three Seven Five Percentage Senior Notes [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FivePointThreeSevenFivePercentageSeniorNotesMember_lbl" xml:lang="en-US" id="id_12895287_2998029_2_1">5.375% Senior notes [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FivePointThreeSevenFivePercentageSeniorNotesMember" xlink:to="mfc_FivePointThreeSevenFivePercentageSeniorNotesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FixedIncomeFunds1Member" xlink:label="mfc_FixedIncomeFunds1Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FixedIncomeFunds1Member_lbl" xml:lang="en-US" id="id_12895287_2990995_3_1">Fixed income funds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FixedIncomeFunds1Member_lbl" xml:lang="en-US" id="id_12895287_2990995_1_1">Fixed Income Funds 1 [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FixedIncomeFunds1Member_lbl" xml:lang="en-US" id="id_12895287_2990995_2_1">Fixed income funds [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FixedIncomeFunds1Member" xlink:to="mfc_FixedIncomeFunds1Member_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FixedRateAssetsMember" xlink:label="mfc_FixedRateAssetsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FixedRateAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2997781_3_1">Fixed rate assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FixedRateAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2997781_1_1">Fixed rate assets [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FixedRateAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2997781_2_1">Fixed rate assets [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FixedRateAssetsMember" xlink:to="mfc_FixedRateAssetsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FixedRateLiabilitiesMember" xlink:label="mfc_FixedRateLiabilitiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FixedRateLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2997782_3_1">Fixed rate liabilities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FixedRateLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2997782_1_1">Fixed rate liabilities [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FixedRateLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2997782_2_1">Fixed rate liabilities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FixedRateLiabilitiesMember" xlink:to="mfc_FixedRateLiabilitiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FloatingRateLiabilitiesMember" xlink:label="mfc_FloatingRateLiabilitiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FloatingRateLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2997789_3_1">Floating rate liabilities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FloatingRateLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2997789_1_1">Floating rate liabilities [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FloatingRateLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2997789_2_1">Floating rate liabilities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FloatingRateLiabilitiesMember" xlink:to="mfc_FloatingRateLiabilitiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ForecastedExpensesMember" xlink:label="mfc_ForecastedExpensesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ForecastedExpensesMember_lbl" xml:lang="en-US" id="id_12895287_2997791_3_1">Forecasted expenses.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ForecastedExpensesMember_lbl" xml:lang="en-US" id="id_12895287_2997791_1_1">Forecasted expenses [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ForecastedExpensesMember_lbl" xml:lang="en-US" id="id_12895287_2997791_2_1">Forecasted expenses [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ForecastedExpensesMember" xlink:to="mfc_ForecastedExpensesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ForecastedLiabilitiesMember" xlink:label="mfc_ForecastedLiabilitiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ForecastedLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2997787_3_1">Forecasted liabilities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ForecastedLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2997787_1_1">Forecasted liabilities [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ForecastedLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2997787_2_1">Forecasted liabilities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ForecastedLiabilitiesMember" xlink:to="mfc_ForecastedLiabilitiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ForeignExchange4Member" xlink:label="mfc_ForeignExchange4Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ForeignExchange4Member_lbl" xml:lang="en-US" id="id_12895287_2997743_3_1">Foreign exchange.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ForeignExchange4Member_lbl" xml:lang="en-US" id="id_12895287_2997743_1_1">Foreign exchange4 [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ForeignExchange4Member_lbl" xml:lang="en-US" id="id_12895287_2997743_2_1">Foreign exchange [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ForeignExchange4Member" xlink:to="mfc_ForeignExchange4Member_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ForeignExchangeContract1Member" xlink:label="mfc_ForeignExchangeContract1Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ForeignExchangeContract1Member_lbl" xml:lang="en-US" id="id_12895287_2997689_3_1">Foreign exchange contract.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ForeignExchangeContract1Member_lbl" xml:lang="en-US" id="id_12895287_2997689_1_1">Foreign Exchange Contract 1 [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ForeignExchangeContract1Member_lbl" xml:lang="en-US" id="id_12895287_2997689_2_1">Foreign Exchange Contract [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ForeignExchangeContract1Member" xlink:to="mfc_ForeignExchangeContract1Member_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ForeignExchangeManagementRiskManagementStrategy" xlink:label="mfc_ForeignExchangeManagementRiskManagementStrategy"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ForeignExchangeManagementRiskManagementStrategy_lbl" xml:lang="en-US" id="id_12895287_3012791_3_1">Percentage of foreign exchange management risk management strategy.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ForeignExchangeManagementRiskManagementStrategy_lbl" xml:lang="en-US" id="id_12895287_3012791_1_1">Foreign Exchange Management Risk Management Strategy</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ForeignExchangeManagementRiskManagementStrategy_lbl" xml:lang="en-US" id="id_12895287_3012791_2_1">Foreign exchange management</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ForeignExchangeManagementRiskManagementStrategy" xlink:to="mfc_ForeignExchangeManagementRiskManagementStrategy_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ForwardContractMember" xlink:label="ifrs-full_ForwardContractMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ForwardContractMember_lbl" xml:lang="en-US" id="id_12895287_2937937_1_1">Forward contract [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ForwardContractMember_lbl" xml:lang="en-US" id="id_12895287_2937937_2_1">Forward contracts [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ForwardContractMember" xlink:to="ifrs-full_ForwardContractMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FourPointNineZeroPercentageSeniorNotesMember" xlink:label="mfc_FourPointNineZeroPercentageSeniorNotesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FourPointNineZeroPercentageSeniorNotesMember_lbl" xml:lang="en-US" id="id_12895287_2998113_3_1">4.90% senior notes.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FourPointNineZeroPercentageSeniorNotesMember_lbl" xml:lang="en-US" id="id_12895287_2998113_1_1">Four Point Nine Zero Percentage Senior Notes [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FourPointNineZeroPercentageSeniorNotesMember_lbl" xml:lang="en-US" id="id_12895287_2998113_2_1">4.90% Senior notes [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FourPointNineZeroPercentageSeniorNotesMember" xlink:to="mfc_FourPointNineZeroPercentageSeniorNotesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FourPointOneFiveZeroPercentageSeniorNotesMember" xlink:label="mfc_FourPointOneFiveZeroPercentageSeniorNotesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FourPointOneFiveZeroPercentageSeniorNotesMember_lbl" xml:lang="en-US" id="id_12895287_2998114_3_1">4.150% senior notes.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FourPointOneFiveZeroPercentageSeniorNotesMember_lbl" xml:lang="en-US" id="id_12895287_2998114_1_1">Four Point One Five Zero Percentage Senior Notes [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FourPointOneFiveZeroPercentageSeniorNotesMember_lbl" xml:lang="en-US" id="id_12895287_2998114_2_1">4.150% Senior notes [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FourPointOneFiveZeroPercentageSeniorNotesMember" xlink:to="mfc_FourPointOneFiveZeroPercentageSeniorNotesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FourPointOneSixFivePercentageSubordinatedDebenturesMember" xlink:label="mfc_FourPointOneSixFivePercentageSubordinatedDebenturesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FourPointOneSixFivePercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997721_3_1">Four point one six five percentage subordinated debentures.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FourPointOneSixFivePercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997721_1_1">Four point one six five percentage subordinated debentures [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FourPointOneSixFivePercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997721_2_1">4.165% MLI Subordinated debentures [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FourPointOneSixFivePercentageSubordinatedDebenturesMember" xlink:to="mfc_FourPointOneSixFivePercentageSubordinatedDebenturesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FourPointSevenZeroPercentageSeniorNotesMember" xlink:label="mfc_FourPointSevenZeroPercentageSeniorNotesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FourPointSevenZeroPercentageSeniorNotesMember_lbl" xml:lang="en-US" id="id_12895287_2998033_3_1">4.70% senior notes.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FourPointSevenZeroPercentageSeniorNotesMember_lbl" xml:lang="en-US" id="id_12895287_2998033_1_1">Four Point Seven Zero Percentage Senior Notes [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FourPointSevenZeroPercentageSeniorNotesMember_lbl" xml:lang="en-US" id="id_12895287_2998033_2_1">4.70% Senior notes [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FourPointSevenZeroPercentageSeniorNotesMember" xlink:to="mfc_FourPointSevenZeroPercentageSeniorNotesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FourPointZeroSixOnePercentageSubordinatedNotesMember" xlink:label="mfc_FourPointZeroSixOnePercentageSubordinatedNotesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FourPointZeroSixOnePercentageSubordinatedNotesMember_lbl" xml:lang="en-US" id="id_12895287_3030862_3_1">Four Point Zero Six One Percentage Subordinated Notes [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FourPointZeroSixOnePercentageSubordinatedNotesMember_lbl" xml:lang="en-US" id="id_12895287_3030862_1_1">Four Point Zero Six One Percentage Subordinated Notes [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FourPointZeroSixOnePercentageSubordinatedNotesMember_lbl" xml:lang="en-US" id="id_12895287_3030862_2_1">4.061% MFC Subordinated notes [Member]</label>
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    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FundedMember" xlink:label="mfc_FundedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FundedMember_lbl" xml:lang="en-US" id="id_12895287_2997250_3_1">Funded [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FundedMember_lbl" xml:lang="en-US" id="id_12895287_2997250_1_1">Funded [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FundedMember_lbl" xml:lang="en-US" id="id_12895287_2997250_2_1">Funded [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FundedMember" xlink:to="mfc_FundedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_FundManagementContractsAndOtherMember" xlink:label="mfc_FundManagementContractsAndOtherMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_FundManagementContractsAndOtherMember_lbl" xml:lang="en-US" id="id_12895287_2997876_3_1">Fund management contracts and other.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_FundManagementContractsAndOtherMember_lbl" xml:lang="en-US" id="id_12895287_2997876_1_1">Fund management contracts and other [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_FundManagementContractsAndOtherMember_lbl" xml:lang="en-US" id="id_12895287_2997876_2_1">Fund management contracts and other [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_FundManagementContractsAndOtherMember" xlink:to="mfc_FundManagementContractsAndOtherMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FuturesContractMember" xlink:label="ifrs-full_FuturesContractMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FuturesContractMember_lbl" xml:lang="en-US" id="id_12895287_2937940_1_1">Futures contract [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FuturesContractMember_lbl" xml:lang="en-US" id="id_12895287_2937940_2_1">Futures [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FuturesContractMember" xlink:to="ifrs-full_FuturesContractMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" xlink:label="ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness_lbl" xml:lang="en-US" id="id_12895287_2938103_1_1">Gain (loss) on change in fair value of hedged item used as basis for recognising hedge ineffectiveness</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness_lbl" xml:lang="en-US" id="id_12895287_2938103_2_1">Gains (losses) recognized for hedged items</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness" xlink:to="ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GainLossOnChangesInEffectOfLimitingNetDefinedBenefitAssetToAssetCeiling" xlink:label="ifrs-full_GainLossOnChangesInEffectOfLimitingNetDefinedBenefitAssetToAssetCeiling"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainLossOnChangesInEffectOfLimitingNetDefinedBenefitAssetToAssetCeiling_lbl" xml:lang="en-US" id="id_12895287_2936977_1_1">Gain (loss) on changes in effect of limiting net defined benefit asset to asset ceiling, net defined benefit liability (asset)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_GainLossOnChangesInEffectOfLimitingNetDefinedBenefitAssetToAssetCeiling_lbl" xml:lang="en-US" id="id_12895287_2936977_14_1">Effect of asset limit</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainLossOnChangesInEffectOfLimitingNetDefinedBenefitAssetToAssetCeiling" xlink:to="ifrs-full_GainLossOnChangesInEffectOfLimitingNetDefinedBenefitAssetToAssetCeiling_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GainLossOnHedgeIneffectiveness" xlink:label="ifrs-full_GainLossOnHedgeIneffectiveness"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainLossOnHedgeIneffectiveness_lbl" xml:lang="en-US" id="id_12895287_2937945_1_1">Gain (loss) on hedge ineffectiveness</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_GainLossOnHedgeIneffectiveness_lbl" xml:lang="en-US" id="id_12895287_2937945_6_1">Ineffectiveness recognized in investment income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainLossOnHedgeIneffectiveness" xlink:to="ifrs-full_GainLossOnHedgeIneffectiveness_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_GainLossOnInvestmentInterestIncome" xlink:label="mfc_GainLossOnInvestmentInterestIncome"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_GainLossOnInvestmentInterestIncome_lbl" xml:lang="en-US" id="id_12895287_2962233_3_1">Gain loss on investment interest income.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_GainLossOnInvestmentInterestIncome_lbl" xml:lang="en-US" id="id_12895287_2962233_1_1">Gain loss on investment interest income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_GainLossOnInvestmentInterestIncome_lbl" xml:lang="en-US" id="id_12895287_2962233_2_1">Gains (losses)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_GainLossOnInvestmentInterestIncome" xlink:to="mfc_GainLossOnInvestmentInterestIncome_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2936981_1_1">Gain (loss) on remeasurement, net defined benefit liability (asset)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2936981_6_1">Total re-measurement effects</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAssetAbstract" xlink:label="ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAssetAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAssetAbstract_lbl" xml:lang="en-US" id="id_12895287_2936677_1_1">Gain (loss) on remeasurement, net defined benefit liability (asset) [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAssetAbstract_lbl" xml:lang="en-US" id="id_12895287_2936677_2_1">Actuarial losses (gains) due to:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAssetAbstract" xlink:to="ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAssetAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_GainLossOnSaleOfInvestments1" xlink:label="mfc_GainLossOnSaleOfInvestments1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_GainLossOnSaleOfInvestments1_lbl" xml:lang="en-US" id="id_12895287_2958572_3_1">Gain (loss) on sale of investments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_GainLossOnSaleOfInvestments1_lbl" xml:lang="en-US" id="id_12895287_2958572_1_1">Gain (loss) on sale of investments1</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_GainLossOnSaleOfInvestments1_lbl" xml:lang="en-US" id="id_12895287_2958572_2_1">Gain on sale of investments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_GainLossOnSaleOfInvestments1" xlink:to="mfc_GainLossOnSaleOfInvestments1_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_GainsLossesDeferredInAccumulatedOtherComprehensiveIncomeOnDerivatives" xlink:label="mfc_GainsLossesDeferredInAccumulatedOtherComprehensiveIncomeOnDerivatives"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_GainsLossesDeferredInAccumulatedOtherComprehensiveIncomeOnDerivatives_lbl" xml:lang="en-US" id="id_12895287_2962177_3_1">Gains (losses) deferred in accumulated other comprehensive income on derivatives.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_GainsLossesDeferredInAccumulatedOtherComprehensiveIncomeOnDerivatives_lbl" xml:lang="en-US" id="id_12895287_2962177_1_1">Gains (losses) deferred in accumulated other comprehensive income on derivatives</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_GainsLossesDeferredInAccumulatedOtherComprehensiveIncomeOnDerivatives_lbl" xml:lang="en-US" id="id_12895287_2962177_2_1">Gains (losses) deferred in AOCI on derivatives</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_GainsLossesDeferredInAccumulatedOtherComprehensiveIncomeOnDerivatives" xlink:to="mfc_GainsLossesDeferredInAccumulatedOtherComprehensiveIncomeOnDerivatives_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax" xlink:label="ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax_lbl" xml:lang="en-US" id="id_12895287_2937949_1_1">Gains (losses) on cash flow hedges, net of tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax_lbl" xml:lang="en-US" id="id_12895287_2937949_2_1">Change in unrealized gains (losses) on derivative instruments designated as cash flow hedges</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax_lbl" xml:lang="en-US" id="id_12895287_2937949_12_1">Unrealized gains arising during the year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax" xlink:to="ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives" xlink:label="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives_lbl" xml:lang="en-US" id="id_12895287_2937950_1_1">Gains (losses) on change in fair value of derivatives</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives_lbl" xml:lang="en-US" id="id_12895287_2937950_2_1">Change in unrealized gains (losses) on instruments still held</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives_lbl" xml:lang="en-US" id="id_12895287_2937950_12_1">Gains (losses) recognized on derivatives</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives" xlink:to="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax_lbl" xml:lang="en-US" id="id_12895287_2938109_1_1">Gains (losses) on exchange differences on translation, net of tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax_lbl" xml:lang="en-US" id="id_12895287_2938109_2_1">Change in unrealized foreign exchange gains (losses) of net foreign operations</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax_lbl" xml:lang="en-US" id="id_12895287_2938109_12_1">Translation of foreign operations</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" xlink:to="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_lbl" xml:lang="en-US" id="id_12895287_2938110_1_1">Foreign exchange gain (loss)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_lbl" xml:lang="en-US" id="id_12895287_2938110_14_1">Currency Movement</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:to="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax" xlink:label="ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax_lbl" xml:lang="en-US" id="id_12895287_2936999_1_1">Gains (losses) on hedges of net investments in foreign operations, net of tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax_lbl" xml:lang="en-US" id="id_12895287_2936999_2_1">Net investment hedges</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax" xlink:to="ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax" xlink:label="ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax_lbl" xml:lang="en-US" id="id_12895287_2938116_1_1">Gains (losses) on remeasuring available-for-sale financial assets, net of tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax_lbl" xml:lang="en-US" id="id_12895287_2938116_2_1">Change in unrealized gains (losses) on available-for-sale financial securities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax_lbl" xml:lang="en-US" id="id_12895287_2938116_12_1">Unrealized gains (losses) arising during the year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax" xlink:to="ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_GainsLossesReclassifiedFromAccumulatedOtherComprehensiveIncomeIntoInvestmentIncome" xlink:label="mfc_GainsLossesReclassifiedFromAccumulatedOtherComprehensiveIncomeIntoInvestmentIncome"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_GainsLossesReclassifiedFromAccumulatedOtherComprehensiveIncomeIntoInvestmentIncome_lbl" xml:lang="en-US" id="id_12895287_2962170_3_1">Gains (losses) reclassified from accumulated other comprehensive income into investment income.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_GainsLossesReclassifiedFromAccumulatedOtherComprehensiveIncomeIntoInvestmentIncome_lbl" xml:lang="en-US" id="id_12895287_2962170_1_1">Gains (losses) reclassified from accumulated other comprehensive income into investment income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_GainsLossesReclassifiedFromAccumulatedOtherComprehensiveIncomeIntoInvestmentIncome_lbl" xml:lang="en-US" id="id_12895287_2962170_2_1">Gains (losses) reclassified from AOCI into investment income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_GainsLossesReclassifiedFromAccumulatedOtherComprehensiveIncomeIntoInvestmentIncome" xlink:to="mfc_GainsLossesReclassifiedFromAccumulatedOtherComprehensiveIncomeIntoInvestmentIncome_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets" xlink:label="ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets_lbl" xml:lang="en-US" id="id_12895287_2938117_1_1">Gains (losses) recognised in other comprehensive income, fair value measurement, assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets_lbl" xml:lang="en-US" id="id_12895287_2938117_2_1">Net realized/unrealized gains (losses) included in net AOCI</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets" xlink:to="ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement" xlink:label="ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement_lbl" xml:lang="en-US" id="id_12895287_2938119_1_1">Gains (losses) recognised in profit or loss attributable to change in unrealised gains or losses for assets held at end of period, fair value measurement</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement_lbl" xml:lang="en-US" id="id_12895287_2938119_2_1">Change in unrealized gains (losses) on assets still held</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement" xlink:to="ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" xlink:label="ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets_lbl" xml:lang="en-US" id="id_12895287_2937966_1_1">Gains (losses) recognised in profit or loss, fair value measurement, assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets_lbl" xml:lang="en-US" id="id_12895287_2937966_2_1">Net realized/unrealized gains (losses) included in net income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" xlink:to="ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GeographicalAreasAxis" xlink:label="ifrs-full_GeographicalAreasAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GeographicalAreasAxis_lbl" xml:lang="en-US" id="id_12895287_2937968_1_1">Geographical areas [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GeographicalAreasAxis_lbl" xml:lang="en-US" id="id_12895287_2937968_2_1">Geographical areas [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GeographicalAreasAxis" xlink:to="ifrs-full_GeographicalAreasAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GeographicalAreasMember" xlink:label="ifrs-full_GeographicalAreasMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GeographicalAreasMember_lbl" xml:lang="en-US" id="id_12895287_2937969_1_1">Geographical areas [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GeographicalAreasMember_lbl" xml:lang="en-US" id="id_12895287_2937969_2_1">Geographical areas [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GeographicalAreasMember" xlink:to="ifrs-full_GeographicalAreasMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_GonvernmentAndAgencyMember" xlink:label="mfc_GonvernmentAndAgencyMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_GonvernmentAndAgencyMember_lbl" xml:lang="en-US" id="id_12895287_2999048_3_1">Gonvernment and agency.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_GonvernmentAndAgencyMember_lbl" xml:lang="en-US" id="id_12895287_2999048_1_1">Gonvernment And Agency [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_GonvernmentAndAgencyMember_lbl" xml:lang="en-US" id="id_12895287_2999048_2_1">Government and agency [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_GonvernmentAndAgencyMember" xlink:to="mfc_GonvernmentAndAgencyMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Goodwill" xlink:label="ifrs-full_Goodwill"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Goodwill_lbl" xml:lang="en-US" id="id_12895287_2936708_1_1">Goodwill</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_Goodwill_lbl" xml:lang="en-US" id="id_12895287_2936708_4_1">Goodwill Ending balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_Goodwill_lbl" xml:lang="en-US" id="id_12895287_2936708_5_1">Goodwill Beginning balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Goodwill" xlink:to="ifrs-full_Goodwill_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_GoodwillAndIntangibleAssetsMember" xlink:label="mfc_GoodwillAndIntangibleAssetsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_GoodwillAndIntangibleAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2997870_3_1">Goodwill and intangible assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_GoodwillAndIntangibleAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2997870_1_1">Goodwill and intangible assets [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_GoodwillAndIntangibleAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2997870_2_1">Goodwill and intangible assets [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_GoodwillAndIntangibleAssetsMember" xlink:to="mfc_GoodwillAndIntangibleAssetsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_GovernmentDebtSecuritiesPercentage" xlink:label="mfc_GovernmentDebtSecuritiesPercentage"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_GovernmentDebtSecuritiesPercentage_lbl" xml:lang="en-US" id="id_12895287_3022815_3_1">Government debt securities percentage.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_GovernmentDebtSecuritiesPercentage_lbl" xml:lang="en-US" id="id_12895287_3022815_1_1">Government Debt Securities Percentage</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_GovernmentDebtSecuritiesPercentage_lbl" xml:lang="en-US" id="id_12895287_3022815_2_1">Government debt securities as a per cent of total debt securities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_GovernmentDebtSecuritiesPercentage" xlink:to="mfc_GovernmentDebtSecuritiesPercentage_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_GovernmentOfCanadaBondsMember" xlink:label="mfc_GovernmentOfCanadaBondsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_GovernmentOfCanadaBondsMember_lbl" xml:lang="en-US" id="id_12895287_2997843_3_1">Government of Canada bonds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_GovernmentOfCanadaBondsMember_lbl" xml:lang="en-US" id="id_12895287_2997843_1_1">Government of Canada bonds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_GovernmentOfCanadaBondsMember_lbl" xml:lang="en-US" id="id_12895287_2997843_2_1">Government of Canada bonds [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_GovernmentOfCanadaBondsMember" xlink:to="mfc_GovernmentOfCanadaBondsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_GovernmentPrivatePlacementsPercentage" xlink:label="mfc_GovernmentPrivatePlacementsPercentage"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_GovernmentPrivatePlacementsPercentage_lbl" xml:lang="en-US" id="id_12895287_3022816_3_1">Government private placements percentage.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_GovernmentPrivatePlacementsPercentage_lbl" xml:lang="en-US" id="id_12895287_3022816_1_1">Government Private Placements Percentage</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_GovernmentPrivatePlacementsPercentage_lbl" xml:lang="en-US" id="id_12895287_3022816_2_1">Government private placements as a per cent of total private placements</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_GovernmentPrivatePlacementsPercentage" xlink:to="mfc_GovernmentPrivatePlacementsPercentage_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GrossAmountArisingFromInsuranceContractsMember" xlink:label="ifrs-full_GrossAmountArisingFromInsuranceContractsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GrossAmountArisingFromInsuranceContractsMember_lbl" xml:lang="en-US" id="id_12895287_2937971_1_1">Gross amount arising from insurance contracts [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GrossAmountArisingFromInsuranceContractsMember_lbl" xml:lang="en-US" id="id_12895287_2937971_2_1">Gross insurance contract liabilities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GrossAmountArisingFromInsuranceContractsMember" xlink:to="ifrs-full_GrossAmountArisingFromInsuranceContractsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_GrossBenefitsPayableAndProvisionForUnreportedClaims" xlink:label="mfc_GrossBenefitsPayableAndProvisionForUnreportedClaims"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_GrossBenefitsPayableAndProvisionForUnreportedClaims_lbl" xml:lang="en-US" id="id_12895287_2961982_3_1">The amount of gross benefits payable and provision related to insurance contracts (amounts currently due to and from agents, brokers and policyholders related to insurance contracts).</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_GrossBenefitsPayableAndProvisionForUnreportedClaims_lbl" xml:lang="en-US" id="id_12895287_2961982_1_1">Gross benefits payable and provision for unreported claims</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_GrossBenefitsPayableAndProvisionForUnreportedClaims_lbl" xml:lang="en-US" id="id_12895287_2961982_2_1">Gross benefits payable and provision for unreported claims</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_GrossBenefitsPayableAndProvisionForUnreportedClaims" xlink:to="mfc_GrossBenefitsPayableAndProvisionForUnreportedClaims_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GrossCarryingAmountMember" xlink:label="ifrs-full_GrossCarryingAmountMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GrossCarryingAmountMember_lbl" xml:lang="en-US" id="id_12895287_2937972_1_1">Gross carrying amount [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GrossCarryingAmountMember_lbl" xml:lang="en-US" id="id_12895287_2937972_2_1">Gross Carrying Value [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GrossCarryingAmountMember" xlink:to="ifrs-full_GrossCarryingAmountMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:label="ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl" xml:lang="en-US" id="id_12895287_2937670_1_1">Gross financial assets subject to offsetting, enforceable master netting arrangements or similar agreements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl" xml:lang="en-US" id="id_12895287_2937670_2_1">Gross amounts of financial instruments presented in the Consolidated Statements of Financial Position</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl" xml:lang="en-US" id="id_12895287_2937670_12_1">Loaned securities included in invested assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:to="ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:label="ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl" xml:lang="en-US" id="id_12895287_2936712_1_1">Gross financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl" xml:lang="en-US" id="id_12895287_2936712_2_1">Gross amounts of financial instruments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl" xml:lang="en-US" id="id_12895287_2936712_14_1">Gross amounts of financial instruments presented in the Consolidated Statements of Financial Position</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:to="ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_GrossInsuranceContractLiabilities" xlink:label="mfc_GrossInsuranceContractLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_GrossInsuranceContractLiabilities_lbl" xml:lang="en-US" id="id_12895287_2961981_3_1">The amount of gross liabilities under insurance contracts.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_GrossInsuranceContractLiabilities_lbl" xml:lang="en-US" id="id_12895287_2961981_1_1">Gross insurance contract liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_GrossInsuranceContractLiabilities_lbl" xml:lang="en-US" id="id_12895287_2961981_2_1">Gross insurance contract liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_GrossInsuranceContractLiabilities" xlink:to="mfc_GrossInsuranceContractLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_GrossPolicyholderAmountsOnDeposit" xlink:label="mfc_GrossPolicyholderAmountsOnDeposit"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_GrossPolicyholderAmountsOnDeposit_lbl" xml:lang="en-US" id="id_12895287_2961983_3_1">The amount of gross policyholder amounts on deposit reported by policyholders as the result of the occurrence of insured events. [Refer: Insurance contracts [Member]]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_GrossPolicyholderAmountsOnDeposit_lbl" xml:lang="en-US" id="id_12895287_2961983_1_1">Gross policyholder amounts on deposit</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_GrossPolicyholderAmountsOnDeposit_lbl" xml:lang="en-US" id="id_12895287_2961983_2_1">Gross policyholder amounts on deposit</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_GrossPolicyholderAmountsOnDeposit" xlink:to="mfc_GrossPolicyholderAmountsOnDeposit_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_GrossReinsuranceAmountAtRisk" xlink:label="mfc_GrossReinsuranceAmountAtRisk"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_GrossReinsuranceAmountAtRisk_lbl" xml:lang="en-US" id="id_12895287_2968214_3_1">Gross reinsurance amount at risk.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_GrossReinsuranceAmountAtRisk_lbl" xml:lang="en-US" id="id_12895287_2968214_1_1">Gross reinsurance Amount at risk</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_GrossReinsuranceAmountAtRisk_lbl" xml:lang="en-US" id="id_12895287_2968214_2_1">Total gross of reinsurance, Amount at risk</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_GrossReinsuranceAmountAtRisk" xlink:to="mfc_GrossReinsuranceAmountAtRisk_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_GrossReinsuranceFundValue" xlink:label="mfc_GrossReinsuranceFundValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_GrossReinsuranceFundValue_lbl" xml:lang="en-US" id="id_12895287_2968213_3_1">Gross reinsurance fund value.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_GrossReinsuranceFundValue_lbl" xml:lang="en-US" id="id_12895287_2968213_1_1">Gross reinsurance Fund value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_GrossReinsuranceFundValue_lbl" xml:lang="en-US" id="id_12895287_2968213_2_1">Total gross of reinsurance, Fund value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_GrossReinsuranceFundValue" xlink:to="mfc_GrossReinsuranceFundValue_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_GrossReinsuranceGuaranteeValue" xlink:label="mfc_GrossReinsuranceGuaranteeValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_GrossReinsuranceGuaranteeValue_lbl" xml:lang="en-US" id="id_12895287_2968212_3_1">Gross reinsurance guarantee value.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_GrossReinsuranceGuaranteeValue_lbl" xml:lang="en-US" id="id_12895287_2968212_1_1">Gross reinsurance Guarantee value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_GrossReinsuranceGuaranteeValue_lbl" xml:lang="en-US" id="id_12895287_2968212_2_1">Total gross of reinsurance, Guarantee value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_GrossReinsuranceGuaranteeValue" xlink:to="mfc_GrossReinsuranceGuaranteeValue_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_GuaranteedMinimumAccumulationBenefit1Member" xlink:label="mfc_GuaranteedMinimumAccumulationBenefit1Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_GuaranteedMinimumAccumulationBenefit1Member_lbl" xml:lang="en-US" id="id_12895287_3002490_3_1">Guaranteed minimum accumulation benefit.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_GuaranteedMinimumAccumulationBenefit1Member_lbl" xml:lang="en-US" id="id_12895287_3002490_1_1">Guaranteed Minimum Accumulation Benefit 1 [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_GuaranteedMinimumAccumulationBenefit1Member_lbl" xml:lang="en-US" id="id_12895287_3002490_2_1">Guaranteed Minimum Accumulation Benefit 1 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_GuaranteedMinimumAccumulationBenefit1Member" xlink:to="mfc_GuaranteedMinimumAccumulationBenefit1Member_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_GuaranteedMinimumIncomeBenefit1Member" xlink:label="mfc_GuaranteedMinimumIncomeBenefit1Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_GuaranteedMinimumIncomeBenefit1Member_lbl" xml:lang="en-US" id="id_12895287_2987714_3_1">Guaranteed minimum income benefit.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_GuaranteedMinimumIncomeBenefit1Member_lbl" xml:lang="en-US" id="id_12895287_2987714_1_1">Guaranteed Minimum Income Benefit 1 [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_GuaranteedMinimumIncomeBenefit1Member_lbl" xml:lang="en-US" id="id_12895287_2987714_2_1">Guaranteed minimum income benefit [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_GuaranteedMinimumIncomeBenefit1Member" xlink:to="mfc_GuaranteedMinimumIncomeBenefit1Member_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_GuaranteedMinimumWithdrawalBenefit1Member" xlink:label="mfc_GuaranteedMinimumWithdrawalBenefit1Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_GuaranteedMinimumWithdrawalBenefit1Member_lbl" xml:lang="en-US" id="id_12895287_2987712_3_1">Guaranteed minimum withdrawal benefit.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_GuaranteedMinimumWithdrawalBenefit1Member_lbl" xml:lang="en-US" id="id_12895287_2987712_1_1">Guaranteed Minimum Withdrawal Benefit 1 [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_GuaranteedMinimumWithdrawalBenefit1Member_lbl" xml:lang="en-US" id="id_12895287_2987712_2_1">Guaranteed minimum withdrawal benefit [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_GuaranteedMinimumWithdrawalBenefit1Member" xlink:to="mfc_GuaranteedMinimumWithdrawalBenefit1Member_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_GuaranteedPaymentOfAmountsOnSubordinatedDebenture" xlink:label="mfc_GuaranteedPaymentOfAmountsOnSubordinatedDebenture"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_GuaranteedPaymentOfAmountsOnSubordinatedDebenture_lbl" xml:lang="en-US" id="id_12895287_2963257_3_1">Guaranteed payment of amounts on subordinated debenture.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_GuaranteedPaymentOfAmountsOnSubordinatedDebenture_lbl" xml:lang="en-US" id="id_12895287_2963257_1_1">Guaranteed payment of amounts on subordinated debenture</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_GuaranteedPaymentOfAmountsOnSubordinatedDebenture_lbl" xml:lang="en-US" id="id_12895287_2963257_2_1">Guaranteed payment of amounts on subordinated debenture</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_GuaranteedPaymentOfAmountsOnSubordinatedDebenture" xlink:to="mfc_GuaranteedPaymentOfAmountsOnSubordinatedDebenture_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_HancockNaturalResourceGroupIncMember" xlink:label="mfc_HancockNaturalResourceGroupIncMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_HancockNaturalResourceGroupIncMember_lbl" xml:lang="en-US" id="id_12895287_2997707_3_1">Hancock Natural Resource Group, Inc.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_HancockNaturalResourceGroupIncMember_lbl" xml:lang="en-US" id="id_12895287_2997707_1_1">Hancock Natural Resource Group Inc [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_HancockNaturalResourceGroupIncMember_lbl" xml:lang="en-US" id="id_12895287_2997707_2_1">Hancock Natural Resource Group, Inc. [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_HancockNaturalResourceGroupIncMember" xlink:to="mfc_HancockNaturalResourceGroupIncMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_HancockUsRealEstateTrustFundLpMember" xlink:label="mfc_HancockUsRealEstateTrustFundLpMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_HancockUsRealEstateTrustFundLpMember_lbl" xml:lang="en-US" id="id_12895287_3032401_3_1">Hancock US Real Estate Trust Fund, LP. [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_HancockUsRealEstateTrustFundLpMember_lbl" xml:lang="en-US" id="id_12895287_3032401_1_1">Hancock US Real Estate Trust Fund, LP. [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_HancockUsRealEstateTrustFundLpMember_lbl" xml:lang="en-US" id="id_12895287_3032401_2_1">Hancock US Real Estate Trust Fund, L.P. [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_HancockUsRealEstateTrustFundLpMember" xlink:to="mfc_HancockUsRealEstateTrustFundLpMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_HancockVictoriaPlantationsHoldingsPTYLimitedMember" xlink:label="mfc_HancockVictoriaPlantationsHoldingsPTYLimitedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_HancockVictoriaPlantationsHoldingsPTYLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2998154_3_1">Hancock Victoria plantations holdings PTY limited.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_HancockVictoriaPlantationsHoldingsPTYLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2998154_1_1">Hancock Victoria Plantations Holdings PTY Limited [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_HancockVictoriaPlantationsHoldingsPTYLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2998154_2_1">Hancock Victoria Plantations Holdings PTY Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_HancockVictoriaPlantationsHoldingsPTYLimitedMember" xlink:to="mfc_HancockVictoriaPlantationsHoldingsPTYLimitedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_HedgedItemsAxis" xlink:label="ifrs-full_HedgedItemsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_HedgedItemsAxis_lbl" xml:lang="en-US" id="id_12895287_2938135_1_1">Hedged items [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_HedgedItemsAxis_lbl" xml:lang="en-US" id="id_12895287_2938135_2_1">Hedged items [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_HedgedItemsAxis" xlink:to="ifrs-full_HedgedItemsAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_HedgedItemsMember" xlink:label="ifrs-full_HedgedItemsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_HedgedItemsMember_lbl" xml:lang="en-US" id="id_12895287_2937675_1_1">Hedged items [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_HedgedItemsMember_lbl" xml:lang="en-US" id="id_12895287_2937675_2_1">Hedged items [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_HedgedItemsMember" xlink:to="ifrs-full_HedgedItemsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_HedgesOfNetInvestmentInForeignOperationsMember" xlink:label="ifrs-full_HedgesOfNetInvestmentInForeignOperationsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_HedgesOfNetInvestmentInForeignOperationsMember_lbl" xml:lang="en-US" id="id_12895287_2937975_1_1">Hedges of net investment in foreign operations [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_HedgesOfNetInvestmentInForeignOperationsMember_lbl" xml:lang="en-US" id="id_12895287_2937975_2_1">Hedges of net investment in foreign operations [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_HedgesOfNetInvestmentInForeignOperationsMember" xlink:to="ifrs-full_HedgesOfNetInvestmentInForeignOperationsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_HedgingInstrumentsAxis" xlink:label="ifrs-full_HedgingInstrumentsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_HedgingInstrumentsAxis_lbl" xml:lang="en-US" id="id_12895287_2937677_1_1">Hedging instruments [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_HedgingInstrumentsAxis_lbl" xml:lang="en-US" id="id_12895287_2937677_2_1">Hedging instruments [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_HedgingInstrumentsAxis" xlink:to="ifrs-full_HedgingInstrumentsAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_HedgingInstrumentsMember" xlink:label="ifrs-full_HedgingInstrumentsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_HedgingInstrumentsMember_lbl" xml:lang="en-US" id="id_12895287_2937977_1_1">Hedging instruments [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_HedgingInstrumentsMember_lbl" xml:lang="en-US" id="id_12895287_2937977_2_1">Hedging instruments [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_HedgingInstrumentsMember" xlink:to="ifrs-full_HedgingInstrumentsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_HELOCSecuritizationMember" xlink:label="mfc_HELOCSecuritizationMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_HELOCSecuritizationMember_lbl" xml:lang="en-US" id="id_12895287_2998106_3_1">HELOC securitization.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_HELOCSecuritizationMember_lbl" xml:lang="en-US" id="id_12895287_2998106_1_1">HELOC securitization [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_HELOCSecuritizationMember_lbl" xml:lang="en-US" id="id_12895287_2998106_2_1">HELOC securitization [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_HELOCSecuritizationMember" xlink:to="mfc_HELOCSecuritizationMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_HK" xlink:label="country_HK"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_HK_lbl" xml:lang="en-US" id="id_12895287_2933455_1_1">HONG KONG</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_HK_lbl" xml:lang="en-US" id="id_12895287_2933455_2_1">Hong Kong [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_HK" xlink:to="country_HK_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:label="ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US" id="id_12895287_2937678_1_1">Identifiable intangible assets recognised as of acquisition date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US" id="id_12895287_2937678_2_1">Intangible assets recognized</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:to="ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IfRedeemedAfterJuneNineteenTwentyTwoOneMember" xlink:label="mfc_IfRedeemedAfterJuneNineteenTwentyTwoOneMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IfRedeemedAfterJuneNineteenTwentyTwoOneMember_lbl" xml:lang="en-US" id="id_12895287_2997549_3_1">If redeemed after June 19, 2021.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_IfRedeemedAfterJuneNineteenTwentyTwoOneMember_lbl" xml:lang="en-US" id="id_12895287_2997549_1_1">If redeemed after June nineteen twenty two one [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_IfRedeemedAfterJuneNineteenTwentyTwoOneMember_lbl" xml:lang="en-US" id="id_12895287_2997549_2_1">If redeemed after June 19, 2021 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_IfRedeemedAfterJuneNineteenTwentyTwoOneMember" xlink:to="mfc_IfRedeemedAfterJuneNineteenTwentyTwoOneMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IfRedeemedOnJuneNineteenTwentyTwoOneMember" xlink:label="mfc_IfRedeemedOnJuneNineteenTwentyTwoOneMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IfRedeemedOnJuneNineteenTwentyTwoOneMember_lbl" xml:lang="en-US" id="id_12895287_2997548_3_1">If redeemed on June 19, 2021.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_IfRedeemedOnJuneNineteenTwentyTwoOneMember_lbl" xml:lang="en-US" id="id_12895287_2997548_1_1">If redeemed on June nineteen twenty two one [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_IfRedeemedOnJuneNineteenTwentyTwoOneMember_lbl" xml:lang="en-US" id="id_12895287_2997548_2_1">If redeemed on June 19, 2021 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_IfRedeemedOnJuneNineteenTwentyTwoOneMember" xlink:to="mfc_IfRedeemedOnJuneNineteenTwentyTwoOneMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ImpactOfDynamicHedgingAndMacroEquityRiskAssets" xlink:label="mfc_ImpactOfDynamicHedgingAndMacroEquityRiskAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ImpactOfDynamicHedgingAndMacroEquityRiskAssets_lbl" xml:lang="en-US" id="id_12895287_2962960_3_1">Impact of dynamic hedging and macro equity risk assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ImpactOfDynamicHedgingAndMacroEquityRiskAssets_lbl" xml:lang="en-US" id="id_12895287_2962960_1_1">Impact of dynamic hedging and macro equity risk assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_ImpactOfDynamicHedgingAndMacroEquityRiskAssets_lbl" xml:lang="en-US" id="id_12895287_2962960_14_1">Impact of macro and dynamic hedge assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ImpactOfDynamicHedgingAndMacroEquityRiskAssets" xlink:to="mfc_ImpactOfDynamicHedgingAndMacroEquityRiskAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ImpactOfForeignExchangeSensitivityOnCoreEarnings" xlink:label="mfc_ImpactOfForeignExchangeSensitivityOnCoreEarnings"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ImpactOfForeignExchangeSensitivityOnCoreEarnings_lbl" xml:lang="en-US" id="id_12895287_2963258_3_1">Impact of foreign exchange sensitivity on core earnings.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ImpactOfForeignExchangeSensitivityOnCoreEarnings_lbl" xml:lang="en-US" id="id_12895287_2963258_1_1">Impact Of Foreign Exchange Sensitivity On Core Earnings</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ImpactOfForeignExchangeSensitivityOnCoreEarnings_lbl" xml:lang="en-US" id="id_12895287_2963258_2_1">Potential impact on core earnings</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ImpactOfForeignExchangeSensitivityOnCoreEarnings" xlink:to="mfc_ImpactOfForeignExchangeSensitivityOnCoreEarnings_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ImpactOfUnderlyingSensitivityBeforeHedging" xlink:label="mfc_ImpactOfUnderlyingSensitivityBeforeHedging"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ImpactOfUnderlyingSensitivityBeforeHedging_lbl" xml:lang="en-US" id="id_12895287_2962959_3_1">Impact of underlying sensitivity before hedging.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ImpactOfUnderlyingSensitivityBeforeHedging_lbl" xml:lang="en-US" id="id_12895287_2962959_1_1">Impact of underlying sensitivity before hedging</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="mfc_ImpactOfUnderlyingSensitivityBeforeHedging_lbl" xml:lang="en-US" id="id_12895287_2962959_6_1">Total underlying sensitivity before hedging</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ImpactOfUnderlyingSensitivityBeforeHedging" xlink:to="mfc_ImpactOfUnderlyingSensitivityBeforeHedging_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ImpactOfVariableAnnuityGuaranteeDynamicAndMacroEquityRiskHedging" xlink:label="mfc_ImpactOfVariableAnnuityGuaranteeDynamicAndMacroEquityRiskHedging"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ImpactOfVariableAnnuityGuaranteeDynamicAndMacroEquityRiskHedging_lbl" xml:lang="en-US" id="id_12895287_2962952_3_1">Impact of variable annuity guarantee dynamic and macro equity risk hedging.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ImpactOfVariableAnnuityGuaranteeDynamicAndMacroEquityRiskHedging_lbl" xml:lang="en-US" id="id_12895287_2962952_1_1">Impact of variable annuity guarantee dynamic and macro equity risk hedging</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ImpactOfVariableAnnuityGuaranteeDynamicAndMacroEquityRiskHedging_lbl" xml:lang="en-US" id="id_12895287_2962952_2_1">Variable annuity guarantees</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ImpactOfVariableAnnuityGuaranteeDynamicAndMacroEquityRiskHedging" xlink:to="mfc_ImpactOfVariableAnnuityGuaranteeDynamicAndMacroEquityRiskHedging_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ImpactOnAssetBasedFees" xlink:label="mfc_ImpactOnAssetBasedFees"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ImpactOnAssetBasedFees_lbl" xml:lang="en-US" id="id_12895287_2962962_3_1">Impact on asset based fees.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ImpactOnAssetBasedFees_lbl" xml:lang="en-US" id="id_12895287_2962962_1_1">Impact on asset based fees</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_ImpactOnAssetBasedFees_lbl" xml:lang="en-US" id="id_12895287_2962962_14_1">Asset based fees</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ImpactOnAssetBasedFees" xlink:to="mfc_ImpactOnAssetBasedFees_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ImpactOnEquityInvestmentsHeldInGeneralFund" xlink:label="mfc_ImpactOnEquityInvestmentsHeldInGeneralFund"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ImpactOnEquityInvestmentsHeldInGeneralFund_lbl" xml:lang="en-US" id="id_12895287_2958171_3_1">Impact on equity investments held in the general fund.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ImpactOnEquityInvestmentsHeldInGeneralFund_lbl" xml:lang="en-US" id="id_12895287_2958171_1_1">Impact on equity investments held in general fund</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_ImpactOnEquityInvestmentsHeldInGeneralFund_lbl" xml:lang="en-US" id="id_12895287_2958171_14_1">General fund equity investments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ImpactOnEquityInvestmentsHeldInGeneralFund" xlink:to="mfc_ImpactOnEquityInvestmentsHeldInGeneralFund_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ImpairmentLossOnFinancialAssets" xlink:label="ifrs-full_ImpairmentLossOnFinancialAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ImpairmentLossOnFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2936723_1_1">Impairment loss on financial assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ImpairmentLossOnFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2936723_14_1">Impairment loss</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ImpairmentLossOnFinancialAssets" xlink:to="ifrs-full_ImpairmentLossOnFinancialAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US" id="id_12895287_2937682_1_1">Impairment loss recognised in profit or loss, intangible assets other than goodwill</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US" id="id_12895287_2937682_2_1">Impairments of intangible assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ImpairmentOfFinancialAssetsAxis" xlink:label="ifrs-full_ImpairmentOfFinancialAssetsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ImpairmentOfFinancialAssetsAxis_lbl" xml:lang="en-US" id="id_12895287_2938143_1_1">Impairment of financial assets [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ImpairmentOfFinancialAssetsAxis_lbl" xml:lang="en-US" id="id_12895287_2938143_2_1">Impairment of financial assets [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ImpairmentOfFinancialAssetsAxis" xlink:to="ifrs-full_ImpairmentOfFinancialAssetsAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ImpairmentsProvisionsAndRecoveriesNetMember" xlink:label="mfc_ImpairmentsProvisionsAndRecoveriesNetMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ImpairmentsProvisionsAndRecoveriesNetMember_lbl" xml:lang="en-US" id="id_12895287_3032363_3_1">Impairments, provisions and recoveries, net.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ImpairmentsProvisionsAndRecoveriesNetMember_lbl" xml:lang="en-US" id="id_12895287_3032363_1_1">Impairments, provisions and recoveries, net [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ImpairmentsProvisionsAndRecoveriesNetMember_lbl" xml:lang="en-US" id="id_12895287_3032363_2_1">Impairments, provisions and recoveries, net [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ImpairmentsProvisionsAndRecoveriesNetMember" xlink:to="mfc_ImpairmentsProvisionsAndRecoveriesNetMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InactiveAndRetiredMembersMember" xlink:label="mfc_InactiveAndRetiredMembersMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InactiveAndRetiredMembersMember_lbl" xml:lang="en-US" id="id_12895287_2998185_3_1">Inactive and retired members.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InactiveAndRetiredMembersMember_lbl" xml:lang="en-US" id="id_12895287_2998185_1_1">Inactive and retired members [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InactiveAndRetiredMembersMember_lbl" xml:lang="en-US" id="id_12895287_2998185_2_1">Inactive and retired members [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InactiveAndRetiredMembersMember" xlink:to="mfc_InactiveAndRetiredMembersMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncomeArisingFromExplorationForAndEvaluationOfMineralResources" xlink:label="ifrs-full_IncomeArisingFromExplorationForAndEvaluationOfMineralResources"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeArisingFromExplorationForAndEvaluationOfMineralResources_lbl" xml:lang="en-US" id="id_12895287_2937683_1_1">Income arising from exploration for and evaluation of mineral resources</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncomeArisingFromExplorationForAndEvaluationOfMineralResources_lbl" xml:lang="en-US" id="id_12895287_2937683_2_1">Oil and gas, timber, agriculture and other income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeArisingFromExplorationForAndEvaluationOfMineralResources" xlink:to="ifrs-full_IncomeArisingFromExplorationForAndEvaluationOfMineralResources_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncomeArisingFromInsuranceContracts" xlink:label="ifrs-full_IncomeArisingFromInsuranceContracts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeArisingFromInsuranceContracts_lbl" xml:lang="en-US" id="id_12895287_2937993_1_1">Income arising from insurance contracts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncomeArisingFromInsuranceContracts_lbl" xml:lang="en-US" id="id_12895287_2937993_2_1">Gross premiums</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeArisingFromInsuranceContracts" xlink:to="ifrs-full_IncomeArisingFromInsuranceContracts_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IncomeProducingCommercialOfficeProperties" xlink:label="mfc_IncomeProducingCommercialOfficeProperties"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IncomeProducingCommercialOfficeProperties_lbl" xml:lang="en-US" id="id_12895287_2963231_3_1">Income producing commercial office properties.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_IncomeProducingCommercialOfficeProperties_lbl" xml:lang="en-US" id="id_12895287_2963231_1_1">Income Producing Commercial Office Properties</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_IncomeProducingCommercialOfficeProperties_lbl" xml:lang="en-US" id="id_12895287_2963231_2_1">Income producing commercial office properties (2017 - 64% of real estate, 2016 - 65%)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_IncomeProducingCommercialOfficeProperties" xlink:to="mfc_IncomeProducingCommercialOfficeProperties_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IncomeProducingCommercialOfficePropertiesPercentage" xlink:label="mfc_IncomeProducingCommercialOfficePropertiesPercentage"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IncomeProducingCommercialOfficePropertiesPercentage_lbl" xml:lang="en-US" id="id_12895287_3022812_3_1">Income producing commercial office properties percentage.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_IncomeProducingCommercialOfficePropertiesPercentage_lbl" xml:lang="en-US" id="id_12895287_3022812_1_1">Income Producing Commercial Office Properties Percentage</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_IncomeProducingCommercialOfficePropertiesPercentage_lbl" xml:lang="en-US" id="id_12895287_3022812_2_1">Income producing commercial office properties, percentage</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_IncomeProducingCommercialOfficePropertiesPercentage" xlink:to="mfc_IncomeProducingCommercialOfficePropertiesPercentage_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncomeStatementAbstract" xlink:label="ifrs-full_IncomeStatementAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeStatementAbstract_lbl" xml:lang="en-US" id="id_12895287_2937995_1_1">Profit or loss [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncomeStatementAbstract_lbl" xml:lang="en-US" id="id_12895287_2937995_2_1">Profit or loss [abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeStatementAbstract" xlink:to="ifrs-full_IncomeStatementAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncomeTaxesPaidRefund" xlink:label="ifrs-full_IncomeTaxesPaidRefund"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeTaxesPaidRefund_lbl" xml:lang="en-US" id="id_12895287_2937996_1_1">Income taxes paid (refund)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncomeTaxesPaidRefund_lbl" xml:lang="en-US" id="id_12895287_2937996_2_1">Income taxes paid</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxesPaidRefund" xlink:to="ifrs-full_IncomeTaxesPaidRefund_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations_lbl" xml:lang="en-US" id="id_12895287_2937691_1_1">Tax expense (income), continuing operations</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations_lbl" xml:lang="en-US" id="id_12895287_2937691_6_1">Income tax expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations_lbl" xml:lang="en-US" id="id_12895287_2937691_14_1">Income tax (expense) recovery</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations_lbl" xml:lang="en-US" id="id_12895287_2937691_18_1">Income tax recovery (expense)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:to="ifrs-full_IncomeTaxExpenseContinuingOperations_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IncomeTaxReconciliationAdjustmentsInRespectOfPriorYears" xlink:label="mfc_IncomeTaxReconciliationAdjustmentsInRespectOfPriorYears"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IncomeTaxReconciliationAdjustmentsInRespectOfPriorYears_lbl" xml:lang="en-US" id="id_12895287_2973325_3_1">Income tax reconciliation adjustments in respect of prior years.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_IncomeTaxReconciliationAdjustmentsInRespectOfPriorYears_lbl" xml:lang="en-US" id="id_12895287_2973325_1_1">Income Tax Reconciliation Adjustments In Respect Of Prior Years</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_IncomeTaxReconciliationAdjustmentsInRespectOfPriorYears_lbl" xml:lang="en-US" id="id_12895287_2973325_14_1">Adjustments to taxes related to prior years</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_IncomeTaxReconciliationAdjustmentsInRespectOfPriorYears" xlink:to="mfc_IncomeTaxReconciliationAdjustmentsInRespectOfPriorYears_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncomeTaxRelatingToAvailableforsaleFinancialAssetsOfOtherComprehensiveIncome" xlink:label="ifrs-full_IncomeTaxRelatingToAvailableforsaleFinancialAssetsOfOtherComprehensiveIncome"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeTaxRelatingToAvailableforsaleFinancialAssetsOfOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_12895287_2937692_1_1">Income tax relating to available-for-sale financial assets of other comprehensive income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncomeTaxRelatingToAvailableforsaleFinancialAssetsOfOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_12895287_2937692_2_1">Unrealized gains/losses on available-for-sale financial securities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxRelatingToAvailableforsaleFinancialAssetsOfOtherComprehensiveIncome" xlink:to="ifrs-full_IncomeTaxRelatingToAvailableforsaleFinancialAssetsOfOtherComprehensiveIncome_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IncomeTaxRelatingToReclassificationAdjustmentsOnCashFlowHedgesOfOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_12895287_2955447_3_1">Income tax relating to reclassification adjustments on cash flow hedges of other comprehensive income.</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseInInsuranceLiabilitiesNetOfReinsurance" xlink:label="ifrs-full_IncreaseDecreaseInInsuranceLiabilitiesNetOfReinsurance"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_IncreaseDecreaseInInuranceContractLiabilities_lbl" xml:lang="en-US" id="id_12895287_2963222_2_1">Increase (decrease) in insurance contract liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="mfc_IncreaseDecreaseInInuranceContractLiabilities_lbl" xml:lang="en-US" id="id_12895287_2963222_12_1">Increase in insurance contract liabilities</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IncreaseDecreaseInInvestmentContractLiabilities_lbl" xml:lang="en-US" id="id_12895287_2959872_3_1">Increase decrease in investment contract liabilities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_IncreaseDecreaseInInvestmentContractLiabilities_lbl" xml:lang="en-US" id="id_12895287_2959872_1_1">Increase Decrease in Investment Contract Liabilities</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_IncreaseDecreaseInInvestmentContractLiabilities_lbl" xml:lang="en-US" id="id_12895287_2959872_2_1">Change in investment contract liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="mfc_IncreaseDecreaseInInvestmentContractLiabilities_lbl" xml:lang="en-US" id="id_12895287_2959872_12_1">Increase (decrease) in investment contract liabilities</label>
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    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToChangesInMarketConditions" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToChangesInMarketConditions"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToChangesInMarketConditions_lbl" xml:lang="en-US" id="id_12895287_2961958_3_1">Increase decrease in Investment contracts liabilities due to changes in market conditions.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToChangesInMarketConditions_lbl" xml:lang="en-US" id="id_12895287_2961958_1_1">Increase decrease in investment contracts liabilities due to changes in market conditions</label>
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    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToFees" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToFees"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToFees_lbl" xml:lang="en-US" id="id_12895287_2948863_3_1">Increase Decrease In Investment Contracts Liabilities Due To Fees</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToFees_lbl" xml:lang="en-US" id="id_12895287_2948863_1_1">Increase Decrease In Investment Contracts Liabilities Due To Fees</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToFees_lbl" xml:lang="en-US" id="id_12895287_2948863_14_1">Fees</label>
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    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToImpactOfChangesInForeignExchangeRates" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToImpactOfChangesInForeignExchangeRates"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToImpactOfChangesInForeignExchangeRates_lbl" xml:lang="en-US" id="id_12895287_2961960_3_1">Increase decrease in investment contracts liabilities due to impact of changes in foreign exchange rates.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToImpactOfChangesInForeignExchangeRates_lbl" xml:lang="en-US" id="id_12895287_2961960_1_1">Increase decrease in investment contracts liabilities due to impact of changes in foreign exchange rates</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToImpactOfChangesInForeignExchangeRates_lbl" xml:lang="en-US" id="id_12895287_2961960_2_1">Impact of changes in foreign exchange rates</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToImpactOfChangesInForeignExchangeRates" xlink:to="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToImpactOfChangesInForeignExchangeRates_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToNewPolicies" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToNewPolicies"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToNewPolicies_lbl" xml:lang="en-US" id="id_12895287_2961957_3_1">Increase decrease in Investment contracts liabilities due to new policies.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToNewPolicies_lbl" xml:lang="en-US" id="id_12895287_2961957_1_1">Increase decrease in investment contracts liabilities due to new policies</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToNewPolicies_lbl" xml:lang="en-US" id="id_12895287_2961957_2_1">New policies</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToNewPolicies_lbl" xml:lang="en-US" id="id_12895287_2961957_12_1">Policy deposits</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToNewPolicies" xlink:to="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToNewPolicies_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToOtherActivities" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToOtherActivities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToOtherActivities_lbl" xml:lang="en-US" id="id_12895287_2948864_3_1">Increase Decrease In Investment Contracts Liabilities Due To Other Activities</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToOtherActivities_lbl" xml:lang="en-US" id="id_12895287_2948864_2_1">Other</label>
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    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToRedemptionsSurrendersAndMaturities" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToRedemptionsSurrendersAndMaturities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToRedemptionsSurrendersAndMaturities_lbl" xml:lang="en-US" id="id_12895287_2961959_3_1">Increase decrease in Investment contracts liabilities due to redemptions, surrenders and maturities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToRedemptionsSurrendersAndMaturities_lbl" xml:lang="en-US" id="id_12895287_2961959_1_1">Increase decrease in investment contracts liabilities due to redemptions, surrenders and maturities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToRedemptionsSurrendersAndMaturities_lbl" xml:lang="en-US" id="id_12895287_2961959_2_1">Redemptions, surrenders and maturities</label>
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    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToWithdrawals" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToWithdrawals"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToWithdrawals_lbl" xml:lang="en-US" id="id_12895287_2948860_3_1">Increase Decrease In Investment Contracts Liabilities Due To Withdrawals</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToWithdrawals_lbl" xml:lang="en-US" id="id_12895287_2948860_1_1">Increase Decrease In Investment Contracts Liabilities Due To Withdrawals</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToWithdrawals_lbl" xml:lang="en-US" id="id_12895287_2948860_14_1">Withdrawals</label>
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    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesMeasuredDueToInterest" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesMeasuredDueToInterest"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesMeasuredDueToInterest_lbl" xml:lang="en-US" id="id_12895287_2948862_3_1">Increase Decrease In Investment Contracts Liabilities Measured Due To Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesMeasuredDueToInterest_lbl" xml:lang="en-US" id="id_12895287_2948862_1_1">Increase Decrease In Investment Contracts Liabilities Measured Due To Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesMeasuredDueToInterest_lbl" xml:lang="en-US" id="id_12895287_2948862_2_1">Interest</label>
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    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IncreaseDecreaseInNetIncomeAttributableToShareholders" xlink:label="mfc_IncreaseDecreaseInNetIncomeAttributableToShareholders"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IncreaseDecreaseInNetIncomeAttributableToShareholders_lbl" xml:lang="en-US" id="id_12895287_2962148_3_1">Increase (decrease) in net income attributable to shareholders.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_IncreaseDecreaseInNetIncomeAttributableToShareholders_lbl" xml:lang="en-US" id="id_12895287_2962148_1_1">Increase (decrease) in net income attributable to shareholders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_IncreaseDecreaseInNetIncomeAttributableToShareholders_lbl" xml:lang="en-US" id="id_12895287_2962148_2_1">Sensitivity of our net income attributed to shareholders due to change in interest rate</label>
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    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IncreaseDecreaseInNetIncomeAttributedToParticipatingPolicyholders" xlink:label="mfc_IncreaseDecreaseInNetIncomeAttributedToParticipatingPolicyholders"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IncreaseDecreaseInNetIncomeAttributedToParticipatingPolicyholders_lbl" xml:lang="en-US" id="id_12895287_3032511_3_1">Increase (decrease) in net income attributed to participating policyholders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_IncreaseDecreaseInNetIncomeAttributedToParticipatingPolicyholders_lbl" xml:lang="en-US" id="id_12895287_3032511_1_1">Increase (decrease) in net income attributed to participating policyholders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_IncreaseDecreaseInNetIncomeAttributedToParticipatingPolicyholders_lbl" xml:lang="en-US" id="id_12895287_3032511_14_1">Net income attributed to participating policyholders</label>
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    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IncreaseDecreaseInNetIncomeAttributedToShareholders" xlink:label="mfc_IncreaseDecreaseInNetIncomeAttributedToShareholders"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IncreaseDecreaseInNetIncomeAttributedToShareholders_lbl" xml:lang="en-US" id="id_12895287_3030875_3_1">Increase (decrease) in net income attributed to shareholders.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_IncreaseDecreaseInNetIncomeAttributedToShareholders_lbl" xml:lang="en-US" id="id_12895287_3030875_1_1">Increase (decrease) in net income attributed to shareholders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_IncreaseDecreaseInNetIncomeAttributedToShareholders_lbl" xml:lang="en-US" id="id_12895287_3030875_2_1">Change in net income attributed to shareholders</label>
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    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax" xlink:label="mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax_lbl" xml:lang="en-US" id="id_12895287_2962290_3_1">Increase (decrease) in net income attributed to shareholders after tax.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax_lbl" xml:lang="en-US" id="id_12895287_2962290_2_1">Change in net income attributed to shareholders (post-tax)</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseInNumberOfSharesOutstanding" xlink:label="ifrs-full_IncreaseDecreaseInNumberOfSharesOutstanding"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseInNumberOfSharesOutstanding_lbl" xml:lang="en-US" id="id_12895287_2937710_1_1">Increase (decrease) in number of shares outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseInNumberOfSharesOutstanding_lbl" xml:lang="en-US" id="id_12895287_2937710_2_1">Number of shares, issued</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInNumberOfSharesOutstanding" xlink:to="ifrs-full_IncreaseDecreaseInNumberOfSharesOutstanding_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseInReinsuranceAssets" xlink:label="ifrs-full_IncreaseDecreaseInReinsuranceAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseInReinsuranceAssets_lbl" xml:lang="en-US" id="id_12895287_2936755_1_1">Increase (decrease) in reinsurance assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseInReinsuranceAssets_lbl" xml:lang="en-US" id="id_12895287_2936755_2_1">(Increase) decrease in reinsurance assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncreaseDecreaseInReinsuranceAssets_lbl" xml:lang="en-US" id="id_12895287_2936755_12_1">Change in reinsurance assets (note 8)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInReinsuranceAssets" xlink:to="ifrs-full_IncreaseDecreaseInReinsuranceAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2938177_1_1">Increase (decrease) through changes in foreign exchange rates, net defined benefit liability (asset)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2938177_2_1">Impact of changes in foreign exchange rates</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments" xlink:label="ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments_lbl" xml:lang="en-US" id="id_12895287_2937721_1_1">Increase (decrease) through conversion of convertible instruments, equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments_lbl" xml:lang="en-US" id="id_12895287_2937721_14_1">Converted, amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments" xlink:to="ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughExerciseOfOptions" xlink:label="ifrs-full_IncreaseDecreaseThroughExerciseOfOptions"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughExerciseOfOptions_lbl" xml:lang="en-US" id="id_12895287_2938020_1_1">Increase (decrease) through exercise of options, equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughExerciseOfOptions_lbl" xml:lang="en-US" id="id_12895287_2938020_2_1">Issued on exercise of stock options</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughExerciseOfOptions_lbl" xml:lang="en-US" id="id_12895287_2938020_12_1">Issued on exercise of stock options and deferred share units</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughExerciseOfOptions" xlink:to="ifrs-full_IncreaseDecreaseThroughExerciseOfOptions_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IncreaseDecreaseThroughExerciseOfOptionsAndDeferredShareUnits" xlink:label="mfc_IncreaseDecreaseThroughExerciseOfOptionsAndDeferredShareUnits"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IncreaseDecreaseThroughExerciseOfOptionsAndDeferredShareUnits_lbl" xml:lang="en-US" id="id_12895287_3032379_3_1">Increase (decrease) through exercise of options and deferred share units</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_IncreaseDecreaseThroughExerciseOfOptionsAndDeferredShareUnits_lbl" xml:lang="en-US" id="id_12895287_3032379_1_1">Increase (decrease) through exercise of options and deferred share units</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_IncreaseDecreaseThroughExerciseOfOptionsAndDeferredShareUnits_lbl" xml:lang="en-US" id="id_12895287_3032379_2_1">Exercise of stock options and deferred share units</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_IncreaseDecreaseThroughExerciseOfOptionsAndDeferredShareUnits" xlink:to="mfc_IncreaseDecreaseThroughExerciseOfOptionsAndDeferredShareUnits_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughModificationOfContractualCashFlowsFinancialAssets" xlink:label="ifrs-full_IncreaseDecreaseThroughModificationOfContractualCashFlowsFinancialAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughModificationOfContractualCashFlowsFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2938024_1_1">Increase (decrease) through modification of contractual cash flows, financial assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughModificationOfContractualCashFlowsFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2938024_2_1">(Decrease) increase in repurchase agreements and securities sold but not yet purchased</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughModificationOfContractualCashFlowsFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2938024_12_1">Decrease in repurchase agreements and securities sold but not yet purchased</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughModificationOfContractualCashFlowsFinancialAssets" xlink:to="ifrs-full_IncreaseDecreaseThroughModificationOfContractualCashFlowsFinancialAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2938027_1_1">Increase (decrease) through net exchange differences, deferred tax liability (asset)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2938027_14_1">Translation and Other</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" xlink:to="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesGoodwill" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesGoodwill"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesGoodwill_lbl" xml:lang="en-US" id="id_12895287_2937729_1_1">Increase (decrease) through net exchange differences, goodwill</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesGoodwill_lbl" xml:lang="en-US" id="id_12895287_2937729_2_1">Effect of changes in foreign exchange rates</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesGoodwill" xlink:to="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesGoodwill_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill_lbl" xml:lang="en-US" id="id_12895287_2938185_1_1">Increase (decrease) through net exchange differences, intangible assets and goodwill</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill_lbl" xml:lang="en-US" id="id_12895287_2938185_2_1">Effect of changes in foreign exchange rates</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" xlink:to="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US" id="id_12895287_2938028_1_1">Increase (decrease) through net exchange differences, intangible assets other than goodwill</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US" id="id_12895287_2938028_2_1">Effect of changes in foreign exchange rates - Total intangible assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued_lbl" xml:lang="en-US" id="id_12895287_2937730_1_1">Increase (decrease) through net exchange differences, liabilities under insurance contracts and reinsurance contracts issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued_lbl" xml:lang="en-US" id="id_12895287_2937730_2_1">Impact of changes in foreign exchange rates</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued" xlink:to="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IncreaseDecreaseThroughPlanMergersNetDefinedBenefitLiabilityAsset" xlink:label="mfc_IncreaseDecreaseThroughPlanMergersNetDefinedBenefitLiabilityAsset"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IncreaseDecreaseThroughPlanMergersNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2962533_3_1">Increase (decrease) through plan mergers, net defined benefit liability (asset).</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_IncreaseDecreaseThroughPlanMergersNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2962533_1_1">Increase (decrease) through plan mergers, net defined benefit liability (asset)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_IncreaseDecreaseThroughPlanMergersNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2962533_2_1">Plan mergers</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_IncreaseDecreaseThroughPlanMergersNetDefinedBenefitLiabilityAsset" xlink:to="mfc_IncreaseDecreaseThroughPlanMergersNetDefinedBenefitLiabilityAsset_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:label="ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions_lbl" xml:lang="en-US" id="id_12895287_2937739_1_1">Increase (decrease) through share-based payment transactions, equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions_lbl" xml:lang="en-US" id="id_12895287_2937739_2_1">Stock option expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:to="ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IncreaseDueToDecisionToChangeThePortfolioAssetMixSupportingLegacyBusinessInsuranceContracts" xlink:label="mfc_IncreaseDueToDecisionToChangeThePortfolioAssetMixSupportingLegacyBusinessInsuranceContracts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IncreaseDueToDecisionToChangeThePortfolioAssetMixSupportingLegacyBusinessInsuranceContracts_lbl" xml:lang="en-US" id="id_12895287_3031691_3_1">Increase due to decision to change the portfolio asset mix supporting legacy business, insurance contracts.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_IncreaseDueToDecisionToChangeThePortfolioAssetMixSupportingLegacyBusinessInsuranceContracts_lbl" xml:lang="en-US" id="id_12895287_3031691_1_1">Increase due to decision to change the portfolio asset mix supporting legacy business, insurance contracts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_IncreaseDueToDecisionToChangeThePortfolioAssetMixSupportingLegacyBusinessInsuranceContracts_lbl" xml:lang="en-US" id="id_12895287_3031691_14_1">Increase due to decision to change the portfolio asset mix supporting legacy business</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_IncreaseDueToDecisionToChangeThePortfolioAssetMixSupportingLegacyBusinessInsuranceContracts" xlink:to="mfc_IncreaseDueToDecisionToChangeThePortfolioAssetMixSupportingLegacyBusinessInsuranceContracts_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IncrementalUnamortizedFairValue" xlink:label="mfc_IncrementalUnamortizedFairValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IncrementalUnamortizedFairValue_lbl" xml:lang="en-US" id="id_12895287_2962138_3_1">Incremental unamortized fair value.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_IncrementalUnamortizedFairValue_lbl" xml:lang="en-US" id="id_12895287_2962138_1_1">Incremental unamortized fair value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_IncrementalUnamortizedFairValue_lbl" xml:lang="en-US" id="id_12895287_2962138_2_1">Unamortized fair value increment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_IncrementalUnamortizedFairValue" xlink:to="mfc_IncrementalUnamortizedFairValue_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis" xlink:label="ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis_lbl" xml:lang="en-US" id="id_12895287_2938200_1_1">Individual assets or cash-generating units [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis_lbl" xml:lang="en-US" id="id_12895287_2938200_2_1">Individual assets or cash-generating units [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis" xlink:to="ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IndividualInsuranceNonparticipatingMember" xlink:label="mfc_IndividualInsuranceNonparticipatingMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IndividualInsuranceNonparticipatingMember_lbl" xml:lang="en-US" id="id_12895287_2996953_3_1">Individual insurance non-participating.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_IndividualInsuranceNonparticipatingMember_lbl" xml:lang="en-US" id="id_12895287_2996953_1_1">Individual insurance non-participating [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_IndividualInsuranceNonparticipatingMember_lbl" xml:lang="en-US" id="id_12895287_2996953_2_1">Individual insurance non-participating [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_IndividualInsuranceNonparticipatingMember" xlink:to="mfc_IndividualInsuranceNonparticipatingMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IndividualInsuranceParticipatingMember" xlink:label="mfc_IndividualInsuranceParticipatingMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IndividualInsuranceParticipatingMember_lbl" xml:lang="en-US" id="id_12895287_2996952_3_1">Individual insurance participating.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_IndividualInsuranceParticipatingMember_lbl" xml:lang="en-US" id="id_12895287_2996952_1_1">Individual insurance participating [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_IndividualInsuranceParticipatingMember_lbl" xml:lang="en-US" id="id_12895287_2996952_2_1">Individual insurance participating [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_IndividualInsuranceParticipatingMember" xlink:to="mfc_IndividualInsuranceParticipatingMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IndustrialMember" xlink:label="mfc_IndustrialMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IndustrialMember_lbl" xml:lang="en-US" id="id_12895287_2997686_3_1">Industrial.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_IndustrialMember_lbl" xml:lang="en-US" id="id_12895287_2997686_1_1">Industrial [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_IndustrialMember_lbl" xml:lang="en-US" id="id_12895287_2997686_2_1">Industrial [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_IndustrialMember" xlink:to="mfc_IndustrialMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IneffectivenessRecognizedInInvestmentIncome" xlink:label="mfc_IneffectivenessRecognizedInInvestmentIncome"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IneffectivenessRecognizedInInvestmentIncome_lbl" xml:lang="en-US" id="id_12895287_2962182_3_1">Ineffectiveness recognized in investment income.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_IneffectivenessRecognizedInInvestmentIncome_lbl" xml:lang="en-US" id="id_12895287_2962182_1_1">Ineffectiveness recognized in investment income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_IneffectivenessRecognizedInInvestmentIncome_lbl" xml:lang="en-US" id="id_12895287_2962182_2_1">Ineffectiveness recognized in investment income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_IneffectivenessRecognizedInInvestmentIncome" xlink:to="mfc_IneffectivenessRecognizedInInvestmentIncome_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InsuranceAndInvestmentContractLiabilitiesAndMacroEquityHedgesMember" xlink:label="mfc_InsuranceAndInvestmentContractLiabilitiesAndMacroEquityHedgesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InsuranceAndInvestmentContractLiabilitiesAndMacroEquityHedgesMember_lbl" xml:lang="en-US" id="id_12895287_2980554_3_1">Insurance and investment contract liabilities and macro equity hedges.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InsuranceAndInvestmentContractLiabilitiesAndMacroEquityHedgesMember_lbl" xml:lang="en-US" id="id_12895287_2980554_1_1">Insurance and investment contract liabilities and macro equity hedges [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InsuranceAndInvestmentContractLiabilitiesAndMacroEquityHedgesMember_lbl" xml:lang="en-US" id="id_12895287_2980554_2_1">Insurance and investment contract liabilities and macro equity hedges [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InsuranceAndInvestmentContractLiabilitiesAndMacroEquityHedgesMember" xlink:to="mfc_InsuranceAndInvestmentContractLiabilitiesAndMacroEquityHedgesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InsuranceClaimsAndBenefitsGross" xlink:label="mfc_InsuranceClaimsAndBenefitsGross"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InsuranceClaimsAndBenefitsGross_lbl" xml:lang="en-US" id="id_12895287_2962221_3_1">Insurance claims and benefits gross.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InsuranceClaimsAndBenefitsGross_lbl" xml:lang="en-US" id="id_12895287_2962221_1_1">Insurance Claims And Benefits Gross</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InsuranceClaimsAndBenefitsGross_lbl" xml:lang="en-US" id="id_12895287_2962221_2_1">Gross claims and benefits</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="mfc_InsuranceClaimsAndBenefitsGross_lbl" xml:lang="en-US" id="id_12895287_2962221_12_1">Gross claims and benefits (note 8)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InsuranceClaimsAndBenefitsGross" xlink:to="mfc_InsuranceClaimsAndBenefitsGross_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InsuranceContractsContractualObligationsPaymentsDueOnLiabilities" xlink:label="mfc_InsuranceContractsContractualObligationsPaymentsDueOnLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InsuranceContractsContractualObligationsPaymentsDueOnLiabilities_lbl" xml:lang="en-US" id="id_12895287_2962369_3_1">Insurance contracts contractual obligations payments due on liabilities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InsuranceContractsContractualObligationsPaymentsDueOnLiabilities_lbl" xml:lang="en-US" id="id_12895287_2962369_1_1">Insurance contracts contractual obligations payments due on liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InsuranceContractsContractualObligationsPaymentsDueOnLiabilities_lbl" xml:lang="en-US" id="id_12895287_2962369_2_1">Insurance contract liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InsuranceContractsContractualObligationsPaymentsDueOnLiabilities" xlink:to="mfc_InsuranceContractsContractualObligationsPaymentsDueOnLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InsuranceContractsMember" xlink:label="ifrs-full_InsuranceContractsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InsuranceContractsMember_lbl" xml:lang="en-US" id="id_12895287_2938212_1_1">Types of insurance contracts [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InsuranceContractsMember_lbl" xml:lang="en-US" id="id_12895287_2938212_2_1">Types of insurance contracts [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InsuranceContractsMember" xlink:to="ifrs-full_InsuranceContractsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InsurancePremiumIncomeAbstract" xlink:label="mfc_InsurancePremiumIncomeAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InsurancePremiumIncomeAbstract_lbl" xml:lang="en-US" id="id_12895287_2942974_3_1">Insurance premium income.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InsurancePremiumIncomeAbstract_lbl" xml:lang="en-US" id="id_12895287_2942974_1_1">Insurance Premium income [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InsurancePremiumIncomeAbstract_lbl" xml:lang="en-US" id="id_12895287_2942974_2_1">Premium income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InsurancePremiumIncomeAbstract" xlink:to="mfc_InsurancePremiumIncomeAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InsuranceRetentionLimit" xlink:label="mfc_InsuranceRetentionLimit"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InsuranceRetentionLimit_lbl" xml:lang="en-US" id="id_12895287_2962464_3_1">Insurance retention limit.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InsuranceRetentionLimit_lbl" xml:lang="en-US" id="id_12895287_2962464_1_1">Insurance retention limit</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InsuranceRetentionLimit_lbl" xml:lang="en-US" id="id_12895287_2962464_2_1">Global retention limit</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InsuranceRetentionLimit" xlink:to="mfc_InsuranceRetentionLimit_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InsuredMember" xlink:label="mfc_InsuredMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InsuredMember_lbl" xml:lang="en-US" id="id_12895287_2997697_3_1">Insured.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InsuredMember_lbl" xml:lang="en-US" id="id_12895287_2997697_1_1">Insured [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InsuredMember_lbl" xml:lang="en-US" id="id_12895287_2997697_2_1">Insured [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InsuredMember" xlink:to="mfc_InsuredMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IntangibleAssetsAndGoodwill" xlink:label="ifrs-full_IntangibleAssetsAndGoodwill"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IntangibleAssetsAndGoodwill_lbl" xml:lang="en-US" id="id_12895287_2937767_1_1">Intangible assets and goodwill</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_IntangibleAssetsAndGoodwill_lbl" xml:lang="en-US" id="id_12895287_2937767_4_1">Total goodwill and intangible assets Ending balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_IntangibleAssetsAndGoodwill_lbl" xml:lang="en-US" id="id_12895287_2937767_5_1">Total goodwill and intangible assets Beginning balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IntangibleAssetsAndGoodwill_lbl" xml:lang="en-US" id="id_12895287_2937767_2_1">Goodwill and intangible assets (note 7)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsAndGoodwill" xlink:to="ifrs-full_IntangibleAssetsAndGoodwill_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IntangibleAssetsMaterialToEntity" xlink:label="ifrs-full_IntangibleAssetsMaterialToEntity"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IntangibleAssetsMaterialToEntity_lbl" xml:lang="en-US" id="id_12895287_2938062_1_1">Intangible assets material to entity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IntangibleAssetsMaterialToEntity_lbl" xml:lang="en-US" id="id_12895287_2938062_2_1">Gross carrying amount of finite life intangible assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsMaterialToEntity" xlink:to="ifrs-full_IntangibleAssetsMaterialToEntity_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IntangibleAssetsMaterialToEntityAxis" xlink:label="ifrs-full_IntangibleAssetsMaterialToEntityAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IntangibleAssetsMaterialToEntityAxis_lbl" xml:lang="en-US" id="id_12895287_2937769_1_1">Intangible assets material to entity [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IntangibleAssetsMaterialToEntityAxis_lbl" xml:lang="en-US" id="id_12895287_2937769_2_1">Intangible assets material to entity [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsMaterialToEntityAxis" xlink:to="ifrs-full_IntangibleAssetsMaterialToEntityAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IntangibleAssetsMaterialToEntityMember" xlink:label="ifrs-full_IntangibleAssetsMaterialToEntityMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IntangibleAssetsMaterialToEntityMember_lbl" xml:lang="en-US" id="id_12895287_2937462_1_1">Intangible assets material to entity [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IntangibleAssetsMaterialToEntityMember_lbl" xml:lang="en-US" id="id_12895287_2937462_2_1">Intangible assets material to entity [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsMaterialToEntityMember" xlink:to="ifrs-full_IntangibleAssetsMaterialToEntityMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwill"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US" id="id_12895287_2938063_1_1">Intangible assets other than goodwill</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US" id="id_12895287_2938063_4_1">Total intangible assets Ending balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US" id="id_12895287_2938063_5_1">Total intangible assets Beginning balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US" id="id_12895287_2938063_2_1">Intangible assets ending balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_IntangibleAssetsOtherThanGoodwill_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwillMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwillMember_lbl" xml:lang="en-US" id="id_12895287_2937464_1_1">Intangible assets other than goodwill [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwillMember_lbl" xml:lang="en-US" id="id_12895287_2937464_2_1">Intangible assets other than goodwill [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:to="ifrs-full_IntangibleAssetsOtherThanGoodwillMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IntangibleAssetsWithFiniteUsefulLifeMember" xlink:label="mfc_IntangibleAssetsWithFiniteUsefulLifeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IntangibleAssetsWithFiniteUsefulLifeMember_lbl" xml:lang="en-US" id="id_12895287_2997550_3_1">Intangible assets with finite useful life.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_IntangibleAssetsWithFiniteUsefulLifeMember_lbl" xml:lang="en-US" id="id_12895287_2997550_1_1">Intangible assets with finite useful life [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_IntangibleAssetsWithFiniteUsefulLifeMember_lbl" xml:lang="en-US" id="id_12895287_2997550_2_1">Finite life intangible assets [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_IntangibleAssetsWithFiniteUsefulLifeMember" xlink:to="mfc_IntangibleAssetsWithFiniteUsefulLifeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IntangibleAssetsWithIndefiniteUsefulLifeAxis" xlink:label="ifrs-full_IntangibleAssetsWithIndefiniteUsefulLifeAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IntangibleAssetsWithIndefiniteUsefulLifeAxis_lbl" xml:lang="en-US" id="id_12895287_2938066_1_1">Intangible assets with indefinite useful life [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IntangibleAssetsWithIndefiniteUsefulLifeAxis_lbl" xml:lang="en-US" id="id_12895287_2938066_2_1">Intangible assets with indefinite useful life [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsWithIndefiniteUsefulLifeAxis" xlink:to="ifrs-full_IntangibleAssetsWithIndefiniteUsefulLifeAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IntangibleAssetsWithIndefiniteUsefulLifeMember" xlink:label="ifrs-full_IntangibleAssetsWithIndefiniteUsefulLifeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IntangibleAssetsWithIndefiniteUsefulLifeMember_lbl" xml:lang="en-US" id="id_12895287_2938067_1_1">Intangible assets with indefinite useful life [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IntangibleAssetsWithIndefiniteUsefulLifeMember_lbl" xml:lang="en-US" id="id_12895287_2938067_2_1">Intangible assets with indefinite useful life [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsWithIndefiniteUsefulLifeMember" xlink:to="ifrs-full_IntangibleAssetsWithIndefiniteUsefulLifeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IntangibleAssetsWithInfiniteUsefulLifeMember" xlink:label="mfc_IntangibleAssetsWithInfiniteUsefulLifeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IntangibleAssetsWithInfiniteUsefulLifeMember_lbl" xml:lang="en-US" id="id_12895287_2997551_3_1">Intangible assets with infinite useful life.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_IntangibleAssetsWithInfiniteUsefulLifeMember_lbl" xml:lang="en-US" id="id_12895287_2997551_1_1">Intangible assets with infinite useful life [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_IntangibleAssetsWithInfiniteUsefulLifeMember_lbl" xml:lang="en-US" id="id_12895287_2997551_2_1">Indefinite life intangible assets [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_IntangibleAssetsWithInfiniteUsefulLifeMember" xlink:to="mfc_IntangibleAssetsWithInfiniteUsefulLifeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InterestExpense" xlink:label="ifrs-full_InterestExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestExpense_lbl" xml:lang="en-US" id="id_12895287_2937469_1_1">Interest expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InterestExpense_lbl" xml:lang="en-US" id="id_12895287_2937469_2_1">Interest expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpense" xlink:to="ifrs-full_InterestExpense_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2938219_1_1">Interest expense (income), net defined benefit liability (asset)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2938219_2_1">Interest cost</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2938219_14_1">Interest on net defined benefit (asset) liability</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InterestExpenseOnBorrowings" xlink:label="ifrs-full_InterestExpenseOnBorrowings"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestExpenseOnBorrowings_lbl" xml:lang="en-US" id="id_12895287_2938071_1_1">Interest expense on borrowings</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InterestExpenseOnBorrowings_lbl" xml:lang="en-US" id="id_12895287_2938071_2_1">Interest paid on long-term debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpenseOnBorrowings" xlink:to="ifrs-full_InterestExpenseOnBorrowings_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestIncomeMember" xlink:label="us-gaap_InterestIncomeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestIncomeMember_lbl" xml:lang="en-US" id="id_12895287_2925127_1_1">Interest Income [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestIncomeMember_lbl" xml:lang="en-US" id="id_12895287_2925127_2_1">Interest income [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestIncomeMember" xlink:to="us-gaap_InterestIncomeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InterestPaid1" xlink:label="mfc_InterestPaid1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InterestPaid1_lbl" xml:lang="en-US" id="id_12895287_2959506_3_1">Interest paid.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InterestPaid1_lbl" xml:lang="en-US" id="id_12895287_2959506_1_1">Interest Paid 1</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InterestPaid1_lbl" xml:lang="en-US" id="id_12895287_2959506_2_1">Interest paid</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InterestPaid1" xlink:to="mfc_InterestPaid1_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InterestPayable" xlink:label="ifrs-full_InterestPayable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestPayable_lbl" xml:lang="en-US" id="id_12895287_2937782_1_1">Interest payable</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InterestPayable_lbl" xml:lang="en-US" id="id_12895287_2937782_2_1">Accrued interest payable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestPayable" xlink:to="ifrs-full_InterestPayable_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InterestRateFuturesMember" xlink:label="mfc_InterestRateFuturesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InterestRateFuturesMember_lbl" xml:lang="en-US" id="id_12895287_2996964_3_1">Interest rate futures.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InterestRateFuturesMember_lbl" xml:lang="en-US" id="id_12895287_2996964_1_1">Interest rate futures [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InterestRateFuturesMember_lbl" xml:lang="en-US" id="id_12895287_2996964_2_1">Interest rate futures [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InterestRateFuturesMember" xlink:to="mfc_InterestRateFuturesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InterestRateOptionsMember" xlink:label="mfc_InterestRateOptionsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InterestRateOptionsMember_lbl" xml:lang="en-US" id="id_12895287_2996966_3_1">Interest rate options.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InterestRateOptionsMember_lbl" xml:lang="en-US" id="id_12895287_2996966_1_1">Interest rate options [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InterestRateOptionsMember_lbl" xml:lang="en-US" id="id_12895287_2996966_2_1">Interest rate options [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InterestRateOptionsMember" xlink:to="mfc_InterestRateOptionsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InterestRateRiskMember" xlink:label="ifrs-full_InterestRateRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestRateRiskMember_lbl" xml:lang="en-US" id="id_12895287_2938232_1_1">Interest rate risk [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InterestRateRiskMember_lbl" xml:lang="en-US" id="id_12895287_2938232_2_1">Interest Rate and Spread Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestRateRiskMember" xlink:to="ifrs-full_InterestRateRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InterestRateSwapContractMember" xlink:label="ifrs-full_InterestRateSwapContractMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestRateSwapContractMember_lbl" xml:lang="en-US" id="id_12895287_2937785_1_1">Interest rate swap contract [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InterestRateSwapContractMember_lbl" xml:lang="en-US" id="id_12895287_2937785_2_1">Interest rate swaps [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestRateSwapContractMember" xlink:to="ifrs-full_InterestRateSwapContractMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InterestReceivable" xlink:label="ifrs-full_InterestReceivable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestReceivable_lbl" xml:lang="en-US" id="id_12895287_2938234_1_1">Interest receivable</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InterestReceivable_lbl" xml:lang="en-US" id="id_12895287_2938234_2_1">Accrued interest receivable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestReceivable" xlink:to="ifrs-full_InterestReceivable_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InterestReceived" xlink:label="mfc_InterestReceived"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InterestReceived_lbl" xml:lang="en-US" id="id_12895287_2959505_3_1">Interest received.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InterestReceived_lbl" xml:lang="en-US" id="id_12895287_2959505_1_1">Interest Received</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InterestReceived_lbl" xml:lang="en-US" id="id_12895287_2959505_2_1">Interest received</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InterestReceived" xlink:to="mfc_InterestReceived_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InternalCreditGradesAxis" xlink:label="ifrs-full_InternalCreditGradesAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InternalCreditGradesAxis_lbl" xml:lang="en-US" id="id_12895287_2938081_1_1">Internal credit grades [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InternalCreditGradesAxis_lbl" xml:lang="en-US" id="id_12895287_2938081_2_1">Internal credit grades [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InternalCreditGradesAxis" xlink:to="ifrs-full_InternalCreditGradesAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InternationalGroupProgramMember" xlink:label="mfc_InternationalGroupProgramMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InternationalGroupProgramMember_lbl" xml:lang="en-US" id="id_12895287_2997591_3_1">International group program.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InternationalGroupProgramMember_lbl" xml:lang="en-US" id="id_12895287_2997591_1_1">International Group Program [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InternationalGroupProgramMember_lbl" xml:lang="en-US" id="id_12895287_2997591_2_1">International Group Program [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InternationalGroupProgramMember" xlink:to="mfc_InternationalGroupProgramMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_IntervalPercentageOfWhichImpactOfRebalancingEquityHedgesForDynamicallyHedgedVariableAnnuityGuaranteeBestEstimateLiabilities" xlink:label="mfc_IntervalPercentageOfWhichImpactOfRebalancingEquityHedgesForDynamicallyHedgedVariableAnnuityGuaranteeBestEstimateLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_IntervalPercentageOfWhichImpactOfRebalancingEquityHedgesForDynamicallyHedgedVariableAnnuityGuaranteeBestEstimateLiabilities_lbl" xml:lang="en-US" id="id_12895287_3022804_3_1">This percentage represents the interval size of which the impact of rebalancing equity hedges for dynamically hedged variable annuity guarantee best estimate liabilities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_IntervalPercentageOfWhichImpactOfRebalancingEquityHedgesForDynamicallyHedgedVariableAnnuityGuaranteeBestEstimateLiabilities_lbl" xml:lang="en-US" id="id_12895287_3022804_1_1">Interval percentage of which impact of rebalancing equity hedges for dynamically hedged variable annuity guarantee best estimate liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_IntervalPercentageOfWhichImpactOfRebalancingEquityHedgesForDynamicallyHedgedVariableAnnuityGuaranteeBestEstimateLiabilities_lbl" xml:lang="en-US" id="id_12895287_3022804_2_1">Interval percentage of which impact of rebalancing equity hedges for dynamically hedged variable annuity guarantee best estimate liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_IntervalPercentageOfWhichImpactOfRebalancingEquityHedgesForDynamicallyHedgedVariableAnnuityGuaranteeBestEstimateLiabilities" xlink:to="mfc_IntervalPercentageOfWhichImpactOfRebalancingEquityHedgesForDynamicallyHedgedVariableAnnuityGuaranteeBestEstimateLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InvestedAssets" xlink:label="mfc_InvestedAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InvestedAssets_lbl" xml:lang="en-US" id="id_12895287_2959876_3_1">Invested assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InvestedAssets_lbl" xml:lang="en-US" id="id_12895287_2959876_1_1">Invested Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InvestedAssets_lbl" xml:lang="en-US" id="id_12895287_2959876_2_1">Invested assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="mfc_InvestedAssets_lbl" xml:lang="en-US" id="id_12895287_2959876_6_1">Total invested assets (note 4)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="mfc_InvestedAssets_lbl" xml:lang="en-US" id="id_12895287_2959876_12_1">Total invested assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InvestedAssets" xlink:to="mfc_InvestedAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InvestedAssetsMember" xlink:label="mfc_InvestedAssetsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InvestedAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2997963_3_1">Invested assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InvestedAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2997963_1_1">Invested assets [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InvestedAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2997963_2_1">Related to invested assets [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InvestedAssetsMember" xlink:to="mfc_InvestedAssetsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InvestmentCategoriesForVariableContractsWithGuaranteesAbstract" xlink:label="mfc_InvestmentCategoriesForVariableContractsWithGuaranteesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InvestmentCategoriesForVariableContractsWithGuaranteesAbstract_lbl" xml:lang="en-US" id="id_12895287_2943164_3_1">Investment Categories For Variable Contracts With Guarantees</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InvestmentCategoriesForVariableContractsWithGuaranteesAbstract_lbl" xml:lang="en-US" id="id_12895287_2943164_1_1">Investment Categories For Variable Contracts With Guarantees [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InvestmentCategoriesForVariableContractsWithGuaranteesAbstract_lbl" xml:lang="en-US" id="id_12895287_2943164_2_1">Investment Categories For Variable Contracts With Guarantees [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InvestmentCategoriesForVariableContractsWithGuaranteesAbstract" xlink:to="mfc_InvestmentCategoriesForVariableContractsWithGuaranteesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InvestmentCategoriesForVariableContractsWithGuaranteesLineItems" xlink:label="mfc_InvestmentCategoriesForVariableContractsWithGuaranteesLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InvestmentCategoriesForVariableContractsWithGuaranteesLineItems_lbl" xml:lang="en-US" id="id_12895287_2943163_3_1">Investment categories for variable contracts with guarantees.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InvestmentCategoriesForVariableContractsWithGuaranteesLineItems_lbl" xml:lang="en-US" id="id_12895287_2943163_1_1">Investment Categories For Variable Contracts With Guarantees [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InvestmentCategoriesForVariableContractsWithGuaranteesLineItems_lbl" xml:lang="en-US" id="id_12895287_2943163_2_1">Investment Categories For Variable Contracts With Guarantees [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InvestmentCategoriesForVariableContractsWithGuaranteesLineItems" xlink:to="mfc_InvestmentCategoriesForVariableContractsWithGuaranteesLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InvestmentCategoriesForVariableContractsWithGuaranteesTable" xlink:label="mfc_InvestmentCategoriesForVariableContractsWithGuaranteesTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InvestmentCategoriesForVariableContractsWithGuaranteesTable_lbl" xml:lang="en-US" id="id_12895287_2979508_3_1">Investment Categories For Variable Contracts With Guarantees.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InvestmentCategoriesForVariableContractsWithGuaranteesTable_lbl" xml:lang="en-US" id="id_12895287_2979508_1_1">Investment Categories For Variable Contracts With Guarantees [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InvestmentCategoriesForVariableContractsWithGuaranteesTable_lbl" xml:lang="en-US" id="id_12895287_2979508_2_1">Investment Categories For Variable Contracts With Guarantees [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InvestmentCategoriesForVariableContractsWithGuaranteesTable" xlink:to="mfc_InvestmentCategoriesForVariableContractsWithGuaranteesTable_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InvestmentCommitmentsOutstanding" xlink:label="mfc_InvestmentCommitmentsOutstanding"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InvestmentCommitmentsOutstanding_lbl" xml:lang="en-US" id="id_12895287_2962552_3_1">Investment commitments outstanding.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InvestmentCommitmentsOutstanding_lbl" xml:lang="en-US" id="id_12895287_2962552_1_1">Investment commitments outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InvestmentCommitmentsOutstanding_lbl" xml:lang="en-US" id="id_12895287_2962552_2_1">Investment commitments outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InvestmentCommitmentsOutstanding" xlink:to="mfc_InvestmentCommitmentsOutstanding_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InvestmentContractLiabilitiesAxis" xlink:label="mfc_InvestmentContractLiabilitiesAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InvestmentContractLiabilitiesAxis_lbl" xml:lang="en-US" id="id_12895287_2980416_3_1">Investment Contract Liabilities [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InvestmentContractLiabilitiesAxis_lbl" xml:lang="en-US" id="id_12895287_2980416_1_1">Investment Contract Liabilities [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InvestmentContractLiabilitiesAxis_lbl" xml:lang="en-US" id="id_12895287_2980416_2_1">Investment Contract Liabilities [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InvestmentContractLiabilitiesAxis" xlink:to="mfc_InvestmentContractLiabilitiesAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InvestmentContractLiabilitiesMeasuredAtAmortizedCostDomain" xlink:label="mfc_InvestmentContractLiabilitiesMeasuredAtAmortizedCostDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InvestmentContractLiabilitiesMeasuredAtAmortizedCostDomain_lbl" xml:lang="en-US" id="id_12895287_2993762_3_1">Investment Contract Liabilities Measured At Amortized Cost [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InvestmentContractLiabilitiesMeasuredAtAmortizedCostDomain_lbl" xml:lang="en-US" id="id_12895287_2993762_1_1">Investment Contract Liabilities Measured At Amortized Cost [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InvestmentContractLiabilitiesMeasuredAtAmortizedCostDomain_lbl" xml:lang="en-US" id="id_12895287_2993762_2_1">Investment Contract Liabilities Measured At Amortized Cost [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InvestmentContractLiabilitiesMeasuredAtAmortizedCostDomain" xlink:to="mfc_InvestmentContractLiabilitiesMeasuredAtAmortizedCostDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InvestmentContractsLiabilities" xlink:label="ifrs-full_InvestmentContractsLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentContractsLiabilities_lbl" xml:lang="en-US" id="id_12895287_2937481_1_1">Investment contracts liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_InvestmentContractsLiabilities_lbl" xml:lang="en-US" id="id_12895287_2937481_4_1">Ending balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_InvestmentContractsLiabilities_lbl" xml:lang="en-US" id="id_12895287_2937481_5_1">Beginning balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InvestmentContractsLiabilities_lbl" xml:lang="en-US" id="id_12895287_2937481_2_1">Investment contract liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_InvestmentContractsLiabilities_lbl" xml:lang="en-US" id="id_12895287_2937481_12_1">Investment contract liabilities (note 9)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentContractsLiabilities" xlink:to="ifrs-full_InvestmentContractsLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InvestmentExpenses" xlink:label="mfc_InvestmentExpenses"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InvestmentExpenses_lbl" xml:lang="en-US" id="id_12895287_2959267_3_1">Investment expenses.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InvestmentExpenses_lbl" xml:lang="en-US" id="id_12895287_2959267_1_1">Investment Expenses</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InvestmentExpenses_lbl" xml:lang="en-US" id="id_12895287_2959267_2_1">Investment expenses (note 4)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="mfc_InvestmentExpenses_lbl" xml:lang="en-US" id="id_12895287_2959267_12_1">Total investment expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InvestmentExpenses" xlink:to="mfc_InvestmentExpenses_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InvestmentExpensesLineItems" xlink:label="mfc_InvestmentExpensesLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InvestmentExpensesLineItems_lbl" xml:lang="en-US" id="id_12895287_2943072_3_1">Investment expense.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InvestmentExpensesLineItems_lbl" xml:lang="en-US" id="id_12895287_2943072_1_1">Investment Expenses [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InvestmentExpensesLineItems_lbl" xml:lang="en-US" id="id_12895287_2943072_2_1">Investment Expenses [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InvestmentExpensesLineItems" xlink:to="mfc_InvestmentExpensesLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InvestmentExpensesTable" xlink:label="mfc_InvestmentExpensesTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InvestmentExpensesTable_lbl" xml:lang="en-US" id="id_12895287_2979418_3_1">Investment expenses.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InvestmentExpensesTable_lbl" xml:lang="en-US" id="id_12895287_2979418_1_1">Investment Expenses [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InvestmentExpensesTable_lbl" xml:lang="en-US" id="id_12895287_2979418_2_1">Investment Expenses [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InvestmentExpensesTable" xlink:to="mfc_InvestmentExpensesTable_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InvestmentGradeDebtSecuritiesAndPrivatePlacementsRate" xlink:label="mfc_InvestmentGradeDebtSecuritiesAndPrivatePlacementsRate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InvestmentGradeDebtSecuritiesAndPrivatePlacementsRate_lbl" xml:lang="en-US" id="id_12895287_3022660_3_1">Investment grade debt securities and private placements rate.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InvestmentGradeDebtSecuritiesAndPrivatePlacementsRate_lbl" xml:lang="en-US" id="id_12895287_3022660_1_1">Investment grade debt securities and private placements rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InvestmentGradeDebtSecuritiesAndPrivatePlacementsRate_lbl" xml:lang="en-US" id="id_12895287_3022660_2_1">Investment grade debt securities and private placements rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InvestmentGradeDebtSecuritiesAndPrivatePlacementsRate" xlink:to="mfc_InvestmentGradeDebtSecuritiesAndPrivatePlacementsRate_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InvestmentIncome" xlink:label="ifrs-full_InvestmentIncome"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentIncome_lbl" xml:lang="en-US" id="id_12895287_2937790_1_1">Investment income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InvestmentIncome_lbl" xml:lang="en-US" id="id_12895287_2937790_2_1">Investment income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentIncome" xlink:to="ifrs-full_InvestmentIncome_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InvestmentIncomeAbstract" xlink:label="mfc_InvestmentIncomeAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InvestmentIncomeAbstract_lbl" xml:lang="en-US" id="id_12895287_2942627_3_1">Investment Income [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InvestmentIncomeAbstract_lbl" xml:lang="en-US" id="id_12895287_2942627_1_1">Investment Income [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InvestmentIncomeAbstract_lbl" xml:lang="en-US" id="id_12895287_2942627_2_1">Investment Income [abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InvestmentIncomeAbstract" xlink:to="mfc_InvestmentIncomeAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InvestmentIncomeExpenseAbstract" xlink:label="mfc_InvestmentIncomeExpenseAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InvestmentIncomeExpenseAbstract_lbl" xml:lang="en-US" id="id_12895287_2942975_3_1">Investment income expense.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InvestmentIncomeExpenseAbstract_lbl" xml:lang="en-US" id="id_12895287_2942975_1_1">Investment income expense [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InvestmentIncomeExpenseAbstract_lbl" xml:lang="en-US" id="id_12895287_2942975_2_1">Investment income expense [abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InvestmentIncomeExpenseAbstract" xlink:to="mfc_InvestmentIncomeExpenseAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InvestmentIncomeLossAbstract" xlink:label="mfc_InvestmentIncomeLossAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InvestmentIncomeLossAbstract_lbl" xml:lang="en-US" id="id_12895287_2942522_3_1">Investment Income Loss [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InvestmentIncomeLossAbstract_lbl" xml:lang="en-US" id="id_12895287_2942522_1_1">Investment Income Loss [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InvestmentIncomeLossAbstract_lbl" xml:lang="en-US" id="id_12895287_2942522_2_1">Investment income (note 4)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InvestmentIncomeLossAbstract" xlink:to="mfc_InvestmentIncomeLossAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InvestmentIncomeYields" xlink:label="mfc_InvestmentIncomeYields"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InvestmentIncomeYields_lbl" xml:lang="en-US" id="id_12895287_3022691_3_1">Investment income yields.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InvestmentIncomeYields_lbl" xml:lang="en-US" id="id_12895287_3022691_1_1">Investment income yields</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InvestmentIncomeYields_lbl" xml:lang="en-US" id="id_12895287_3022691_2_1">Yields</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InvestmentIncomeYields" xlink:to="mfc_InvestmentIncomeYields_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InvestmentInStartupCapitalOfMutualFunds" xlink:label="mfc_InvestmentInStartupCapitalOfMutualFunds"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InvestmentInStartupCapitalOfMutualFunds_lbl" xml:lang="en-US" id="id_12895287_2962658_3_1">Capital of mutual funds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InvestmentInStartupCapitalOfMutualFunds_lbl" xml:lang="en-US" id="id_12895287_2962658_1_1">Investment in startup capital of mutual funds</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InvestmentInStartupCapitalOfMutualFunds_lbl" xml:lang="en-US" id="id_12895287_2962658_2_1">Investment in startup capital of mutual funds</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InvestmentInStartupCapitalOfMutualFunds" xlink:to="mfc_InvestmentInStartupCapitalOfMutualFunds_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InvestmentInterestIncome" xlink:label="mfc_InvestmentInterestIncome"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InvestmentInterestIncome_lbl" xml:lang="en-US" id="id_12895287_2962232_3_1">Investment interest income.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InvestmentInterestIncome_lbl" xml:lang="en-US" id="id_12895287_2962232_1_1">Investment interest income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InvestmentInterestIncome_lbl" xml:lang="en-US" id="id_12895287_2962232_2_1">Interest income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InvestmentInterestIncome" xlink:to="mfc_InvestmentInterestIncome_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InvestmentProperty" xlink:label="ifrs-full_InvestmentProperty"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentProperty_lbl" xml:lang="en-US" id="id_12895287_2938238_1_1">Investment property</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InvestmentProperty_lbl" xml:lang="en-US" id="id_12895287_2938238_2_1">Real estate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentProperty" xlink:to="ifrs-full_InvestmentProperty_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InvestmentPropertyCapitalizationRates" xlink:label="mfc_InvestmentPropertyCapitalizationRates"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InvestmentPropertyCapitalizationRates_lbl" xml:lang="en-US" id="id_12895287_3022535_3_1">Investment property capitalization rates.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InvestmentPropertyCapitalizationRates_lbl" xml:lang="en-US" id="id_12895287_3022535_1_1">Investment property capitalization rates</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InvestmentPropertyCapitalizationRates_lbl" xml:lang="en-US" id="id_12895287_3022535_2_1">Investment properties capitalization rates</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InvestmentPropertyCapitalizationRates" xlink:to="mfc_InvestmentPropertyCapitalizationRates_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InvestmentPropertyMember" xlink:label="ifrs-full_InvestmentPropertyMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentPropertyMember_lbl" xml:lang="en-US" id="id_12895287_2937791_1_1">Investment property [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InvestmentPropertyMember_lbl" xml:lang="en-US" id="id_12895287_2937791_2_1">Investment property [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentPropertyMember" xlink:to="ifrs-full_InvestmentPropertyMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InvestmentPropertyTerminalCapitalizationRates" xlink:label="mfc_InvestmentPropertyTerminalCapitalizationRates"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InvestmentPropertyTerminalCapitalizationRates_lbl" xml:lang="en-US" id="id_12895287_3022536_3_1">Investment property terminal capitalization rates.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InvestmentPropertyTerminalCapitalizationRates_lbl" xml:lang="en-US" id="id_12895287_3022536_1_1">Investment property terminal capitalization rates</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InvestmentPropertyTerminalCapitalizationRates_lbl" xml:lang="en-US" id="id_12895287_3022536_2_1">Investment properties terminal capitalization rates</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InvestmentPropertyTerminalCapitalizationRates" xlink:to="mfc_InvestmentPropertyTerminalCapitalizationRates_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentSectorAxis" xlink:label="invest_InvestmentSectorAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="invest_InvestmentSectorAxis_lbl" xml:lang="en-US" id="id_12895287_2916664_1_1">Investment Sector [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="invest_InvestmentSectorAxis_lbl" xml:lang="en-US" id="id_12895287_2916664_2_1">Investment Sector [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="invest_InvestmentSectorAxis" xlink:to="invest_InvestmentSectorAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentSectorDomain" xlink:label="invest_InvestmentSectorDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="invest_InvestmentSectorDomain_lbl" xml:lang="en-US" id="id_12895287_2916665_1_1">Investment Sector [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="invest_InvestmentSectorDomain_lbl" xml:lang="en-US" id="id_12895287_2916665_2_1">Investment Sector [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="invest_InvestmentSectorDomain" xlink:to="invest_InvestmentSectorDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InvestmentsForRiskOfPolicyholders" xlink:label="ifrs-full_InvestmentsForRiskOfPolicyholders"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentsForRiskOfPolicyholders_lbl" xml:lang="en-US" id="id_12895287_2937793_1_1">Investments for risk of policyholders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InvestmentsForRiskOfPolicyholders_lbl" xml:lang="en-US" id="id_12895287_2937793_2_1">Policy loans</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentsForRiskOfPolicyholders" xlink:to="ifrs-full_InvestmentsForRiskOfPolicyholders_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InvestmentsForVariableContractsWithGuarantees" xlink:label="mfc_InvestmentsForVariableContractsWithGuarantees"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InvestmentsForVariableContractsWithGuarantees_lbl" xml:lang="en-US" id="id_12895287_2958172_3_1">Investments for variable contracts with guarantees.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InvestmentsForVariableContractsWithGuarantees_lbl" xml:lang="en-US" id="id_12895287_2958172_1_1">Investments for variable contracts with guarantees</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InvestmentsForVariableContractsWithGuarantees_lbl" xml:lang="en-US" id="id_12895287_2958172_2_1">Investments for variable contracts with guarantees</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InvestmentsForVariableContractsWithGuarantees" xlink:to="mfc_InvestmentsForVariableContractsWithGuarantees_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod" xlink:label="ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod_lbl" xml:lang="en-US" id="id_12895287_2937485_1_1">Investments in associates accounted for using equity method</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod_lbl" xml:lang="en-US" id="id_12895287_2937485_2_1">Investments in associates carrying value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod" xlink:to="ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_InvestmentsInSubsidiaries" xlink:label="ifrs-full_InvestmentsInSubsidiaries"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentsInSubsidiaries_lbl" xml:lang="en-US" id="id_12895287_2938715_1_1">Investments in subsidiaries</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InvestmentsInSubsidiaries_lbl" xml:lang="en-US" id="id_12895287_2938715_2_1">Investments in unconsolidated subsidiaries</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentsInSubsidiaries" xlink:to="ifrs-full_InvestmentsInSubsidiaries_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_InvestmentStructuredEntitiesMember" xlink:label="mfc_InvestmentStructuredEntitiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_InvestmentStructuredEntitiesMember_lbl" xml:lang="en-US" id="id_12895287_2984124_3_1">Investment subsidiary entities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_InvestmentStructuredEntitiesMember_lbl" xml:lang="en-US" id="id_12895287_2984124_1_1">Investment Structured Entities [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_InvestmentStructuredEntitiesMember_lbl" xml:lang="en-US" id="id_12895287_2984124_2_1">Investment SEs [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_InvestmentStructuredEntitiesMember" xlink:to="mfc_InvestmentStructuredEntitiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InvestmentTypeAxis" xlink:label="us-gaap_InvestmentTypeAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentTypeAxis_lbl" xml:lang="en-US" id="id_12895287_2925291_1_1">Investment Type [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InvestmentTypeAxis_lbl" xml:lang="en-US" id="id_12895287_2925291_2_1">Investment Type [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentTypeAxis" xlink:to="us-gaap_InvestmentTypeAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember" xlink:label="us-gaap_InvestmentTypeCategorizationMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentTypeCategorizationMember_lbl" xml:lang="en-US" id="id_12895287_2925708_1_1">Investments [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InvestmentTypeCategorizationMember_lbl" xml:lang="en-US" id="id_12895287_2925708_2_1">Investments [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentTypeCategorizationMember" xlink:to="us-gaap_InvestmentTypeCategorizationMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IssuedCapital" xlink:label="ifrs-full_IssuedCapital"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IssuedCapital_lbl" xml:lang="en-US" id="id_12895287_2937488_1_1">Issued capital</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IssuedCapital_lbl" xml:lang="en-US" id="id_12895287_2937488_2_1">Issued shares (note 13)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssuedCapital" xlink:to="ifrs-full_IssuedCapital_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IssueOfEquity" xlink:label="ifrs-full_IssueOfEquity"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IssueOfEquity_lbl" xml:lang="en-US" id="id_12895287_2937489_1_1">Issue of equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IssueOfEquity_lbl" xml:lang="en-US" id="id_12895287_2937489_2_1">Issued (note 13)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IssueOfEquity_lbl" xml:lang="en-US" id="id_12895287_2937489_12_1">Issued, amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssueOfEquity" xlink:to="ifrs-full_IssueOfEquity_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_JapanInsuranceAndWealthMember" xlink:label="mfc_JapanInsuranceAndWealthMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_JapanInsuranceAndWealthMember_lbl" xml:lang="en-US" id="id_12895287_2997585_3_1">Japan insurance and wealth.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_JapanInsuranceAndWealthMember_lbl" xml:lang="en-US" id="id_12895287_2997585_1_1">Japan Insurance and Wealth [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_JapanInsuranceAndWealthMember_lbl" xml:lang="en-US" id="id_12895287_2997585_2_1">Japan Insurance and Wealth [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_JapanInsuranceAndWealthMember" xlink:to="mfc_JapanInsuranceAndWealthMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_JHFCSubordinatedNotesMember" xlink:label="mfc_JHFCSubordinatedNotesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_JHFCSubordinatedNotesMember_lbl" xml:lang="en-US" id="id_12895287_3031715_3_1">JHFC subordinated notes [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_JHFCSubordinatedNotesMember_lbl" xml:lang="en-US" id="id_12895287_3031715_1_1">JHFC subordinated notes [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_JHFCSubordinatedNotesMember_lbl" xml:lang="en-US" id="id_12895287_3031715_2_1">JHFC subordinated notes [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_JHFCSubordinatedNotesMember" xlink:to="mfc_JHFCSubordinatedNotesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_JhInvestmentsDelawareLlcMember" xlink:label="mfc_JhInvestmentsDelawareLlcMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_JhInvestmentsDelawareLlcMember_lbl" xml:lang="en-US" id="id_12895287_2997836_3_1">JH Investments (Delaware) LLC.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_JhInvestmentsDelawareLlcMember_lbl" xml:lang="en-US" id="id_12895287_2997836_1_1">JH Investments Delaware LLC [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_JhInvestmentsDelawareLlcMember_lbl" xml:lang="en-US" id="id_12895287_2997836_2_1">JH Investments (Delaware) LLC [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_JhInvestmentsDelawareLlcMember" xlink:to="mfc_JhInvestmentsDelawareLlcMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_JHLongTermCareTriennialReviewMember" xlink:label="mfc_JHLongTermCareTriennialReviewMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_JHLongTermCareTriennialReviewMember_lbl" xml:lang="en-US" id="id_12895287_2997553_3_1">The member stands for JH Long Term Care triennial review.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_JHLongTermCareTriennialReviewMember_lbl" xml:lang="en-US" id="id_12895287_2997553_1_1">JH long term Care triennial review [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_JHLongTermCareTriennialReviewMember_lbl" xml:lang="en-US" id="id_12895287_2997553_2_1">JH Long Term Care triennial review [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_JHLongTermCareTriennialReviewMember" xlink:to="mfc_JHLongTermCareTriennialReviewMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_JhusaIssuerMember" xlink:label="mfc_JhusaIssuerMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_JhusaIssuerMember_lbl" xml:lang="en-US" id="id_12895287_2980748_3_1">JHUSA issuer.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_JhusaIssuerMember_lbl" xml:lang="en-US" id="id_12895287_2980748_1_1">JHUSA issuer [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_JhusaIssuerMember_lbl" xml:lang="en-US" id="id_12895287_2980748_2_1">JHUSA (Issuer) [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_JhusaIssuerMember" xlink:to="mfc_JhusaIssuerMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_JohnHancockAdvisersLlcMember" xlink:label="mfc_JohnHancockAdvisersLlcMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_JohnHancockAdvisersLlcMember_lbl" xml:lang="en-US" id="id_12895287_2997771_3_1">John Hancock Advisers, LLC.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_JohnHancockAdvisersLlcMember_lbl" xml:lang="en-US" id="id_12895287_2997771_1_1">John Hancock Advisers LLC [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_JohnHancockAdvisersLlcMember_lbl" xml:lang="en-US" id="id_12895287_2997771_2_1">John Hancock Advisers, LLC [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_JohnHancockAdvisersLlcMember" xlink:to="mfc_JohnHancockAdvisersLlcMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_JohnHancockDistributorsLlcMember" xlink:label="mfc_JohnHancockDistributorsLlcMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_JohnHancockDistributorsLlcMember_lbl" xml:lang="en-US" id="id_12895287_2997779_3_1">John Hancock Distributors LLC.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_JohnHancockDistributorsLlcMember_lbl" xml:lang="en-US" id="id_12895287_2997779_1_1">John Hancock Distributors LLC [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_JohnHancockDistributorsLlcMember_lbl" xml:lang="en-US" id="id_12895287_2997779_2_1">John Hancock Distributors, LLC [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_JohnHancockDistributorsLlcMember" xlink:to="mfc_JohnHancockDistributorsLlcMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_JohnHancockFinancialCorporationMember" xlink:label="mfc_JohnHancockFinancialCorporationMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_JohnHancockFinancialCorporationMember_lbl" xml:lang="en-US" id="id_12895287_2997773_3_1">John Hancock Financial Corporation.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_JohnHancockFinancialCorporationMember_lbl" xml:lang="en-US" id="id_12895287_2997773_1_1">John Hancock Financial Corporation [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_JohnHancockFinancialCorporationMember_lbl" xml:lang="en-US" id="id_12895287_2997773_2_1">John Hancock Financial Corporation [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_JohnHancockFinancialCorporationMember" xlink:to="mfc_JohnHancockFinancialCorporationMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_JohnHancockFinancialNetworkIncMember" xlink:label="mfc_JohnHancockFinancialNetworkIncMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_JohnHancockFinancialNetworkIncMember_lbl" xml:lang="en-US" id="id_12895287_2997770_3_1">John Hancock Financial Network, Inc.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_JohnHancockFinancialNetworkIncMember_lbl" xml:lang="en-US" id="id_12895287_2997770_1_1">John Hancock Financial Network Inc [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_JohnHancockFinancialNetworkIncMember_lbl" xml:lang="en-US" id="id_12895287_2997770_2_1">John Hancock Financial Network, Inc. [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_JohnHancockFinancialNetworkIncMember" xlink:to="mfc_JohnHancockFinancialNetworkIncMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_JohnHancockFundsLlcMember" xlink:label="mfc_JohnHancockFundsLlcMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_JohnHancockFundsLlcMember_lbl" xml:lang="en-US" id="id_12895287_2997772_3_1">John Hancock funds LLC.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_JohnHancockFundsLlcMember_lbl" xml:lang="en-US" id="id_12895287_2997772_1_1">John Hancock Funds LLC [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_JohnHancockFundsLlcMember_lbl" xml:lang="en-US" id="id_12895287_2997772_2_1">John Hancock Funds LLC [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_JohnHancockFundsLlcMember" xlink:to="mfc_JohnHancockFundsLlcMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_JohnHancockInsuranceAgencyIncMember" xlink:label="mfc_JohnHancockInsuranceAgencyIncMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_JohnHancockInsuranceAgencyIncMember_lbl" xml:lang="en-US" id="id_12895287_2997780_3_1">John Hancock Insurance Agency, Inc.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_JohnHancockInsuranceAgencyIncMember_lbl" xml:lang="en-US" id="id_12895287_2997780_1_1">John Hancock Insurance Agency Inc [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_JohnHancockInsuranceAgencyIncMember_lbl" xml:lang="en-US" id="id_12895287_2997780_2_1">John Hancock Insurance Agency, Inc. [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_JohnHancockInsuranceAgencyIncMember" xlink:to="mfc_JohnHancockInsuranceAgencyIncMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_JohnHancockInsuranceMember" xlink:label="mfc_JohnHancockInsuranceMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_JohnHancockInsuranceMember_lbl" xml:lang="en-US" id="id_12895287_2997592_3_1">John Hancock Insurance.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_JohnHancockInsuranceMember_lbl" xml:lang="en-US" id="id_12895287_2997592_1_1">John Hancock Insurance [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_JohnHancockInsuranceMember_lbl" xml:lang="en-US" id="id_12895287_2997592_2_1">John Hancock Insurance [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_JohnHancockInsuranceMember" xlink:to="mfc_JohnHancockInsuranceMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_JohnHancockInvestmentManagementServicesLlcMember" xlink:label="mfc_JohnHancockInvestmentManagementServicesLlcMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_JohnHancockInvestmentManagementServicesLlcMember_lbl" xml:lang="en-US" id="id_12895287_2997796_3_1">John Hancock Investment Management Services, LLC .</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_JohnHancockInvestmentManagementServicesLlcMember_lbl" xml:lang="en-US" id="id_12895287_2997796_1_1">John Hancock Investment Management Services LLC [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_JohnHancockInvestmentManagementServicesLlcMember_lbl" xml:lang="en-US" id="id_12895287_2997796_2_1">John Hancock Investment Management Services, LLC [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_JohnHancockInvestmentManagementServicesLlcMember" xlink:to="mfc_JohnHancockInvestmentManagementServicesLlcMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_JohnHancockInvestmentsAndRetirementPlanServicesMember" xlink:label="mfc_JohnHancockInvestmentsAndRetirementPlanServicesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_JohnHancockInvestmentsAndRetirementPlanServicesMember_lbl" xml:lang="en-US" id="id_12895287_2997593_3_1">John Hancock investments and retirement plan services.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_JohnHancockInvestmentsAndRetirementPlanServicesMember_lbl" xml:lang="en-US" id="id_12895287_2997593_1_1">John hancock investments and retirement plan services [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_JohnHancockInvestmentsAndRetirementPlanServicesMember_lbl" xml:lang="en-US" id="id_12895287_2997593_2_1">John Hancock Investments and Retirement Plan Services [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_JohnHancockInvestmentsAndRetirementPlanServicesMember" xlink:to="mfc_JohnHancockInvestmentsAndRetirementPlanServicesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_JohnHancockLifeHealthInsuranceCompanyMember" xlink:label="mfc_JohnHancockLifeHealthInsuranceCompanyMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_JohnHancockLifeHealthInsuranceCompanyMember_lbl" xml:lang="en-US" id="id_12895287_2997778_3_1">John Hancock Life &amp; Health Insurance Company.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_JohnHancockLifeHealthInsuranceCompanyMember_lbl" xml:lang="en-US" id="id_12895287_2997778_1_1">John Hancock Life Health Insurance Company [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_JohnHancockLifeHealthInsuranceCompanyMember_lbl" xml:lang="en-US" id="id_12895287_2997778_2_1">John Hancock Life &amp; Health Insurance Company [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_JohnHancockLifeHealthInsuranceCompanyMember" xlink:to="mfc_JohnHancockLifeHealthInsuranceCompanyMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_JohnHancockLifeInsuranceCompanyOfNewYorkMember" xlink:label="mfc_JohnHancockLifeInsuranceCompanyOfNewYorkMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_JohnHancockLifeInsuranceCompanyOfNewYorkMember_lbl" xml:lang="en-US" id="id_12895287_2997777_3_1">John Hancock Life Insurance Company of New York.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_JohnHancockLifeInsuranceCompanyOfNewYorkMember_lbl" xml:lang="en-US" id="id_12895287_2997777_1_1">John Hancock Life Insurance Company Of New York [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_JohnHancockLifeInsuranceCompanyOfNewYorkMember_lbl" xml:lang="en-US" id="id_12895287_2997777_2_1">John Hancock Life Insurance Company of New York [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_JohnHancockLifeInsuranceCompanyOfNewYorkMember" xlink:to="mfc_JohnHancockLifeInsuranceCompanyOfNewYorkMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_JohnHancockLifeInsuranceCompanyUsaMember" xlink:label="mfc_JohnHancockLifeInsuranceCompanyUsaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_JohnHancockLifeInsuranceCompanyUsaMember_lbl" xml:lang="en-US" id="id_12895287_2997776_3_1">John Hancock Life Insurance Company (U.S.A.).</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_JohnHancockLifeInsuranceCompanyUsaMember_lbl" xml:lang="en-US" id="id_12895287_2997776_1_1">John Hancock Life Insurance Company USA [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_JohnHancockLifeInsuranceCompanyUsaMember_lbl" xml:lang="en-US" id="id_12895287_2997776_2_1">John Hancock Life Insurance Company (U.S.A.) [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_JohnHancockLifeInsuranceCompanyUsaMember" xlink:to="mfc_JohnHancockLifeInsuranceCompanyUsaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_JohnHancockReassuranceCompanyLtdUSAMember" xlink:label="mfc_JohnHancockReassuranceCompanyLtdUSAMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_JohnHancockReassuranceCompanyLtdUSAMember_lbl" xml:lang="en-US" id="id_12895287_2997840_3_1">John Hancock Reassurance Company Ltd.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_JohnHancockReassuranceCompanyLtdUSAMember_lbl" xml:lang="en-US" id="id_12895287_2997840_1_1">John Hancock Reassurance Company Ltd. U.S.A. [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_JohnHancockReassuranceCompanyLtdUSAMember_lbl" xml:lang="en-US" id="id_12895287_2997840_2_1">John Hancock Reassurance Company Ltd. [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_JohnHancockReassuranceCompanyLtdUSAMember" xlink:to="mfc_JohnHancockReassuranceCompanyLtdUSAMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_JohnHancockSubsidiariesLlcMember" xlink:label="mfc_JohnHancockSubsidiariesLlcMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_JohnHancockSubsidiariesLlcMember_lbl" xml:lang="en-US" id="id_12895287_2997769_3_1">John Hancock Subsidiaries LLC.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_JohnHancockSubsidiariesLlcMember_lbl" xml:lang="en-US" id="id_12895287_2997769_1_1">John Hancock Subsidiaries LLC [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_JohnHancockSubsidiariesLlcMember_lbl" xml:lang="en-US" id="id_12895287_2997769_2_1">John Hancock Subsidiaries LLC [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_JohnHancockSubsidiariesLlcMember" xlink:to="mfc_JohnHancockSubsidiariesLlcMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_JP" xlink:label="country_JP"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_JP_lbl" xml:lang="en-US" id="id_12895287_2933462_1_1">JAPAN</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_JP_lbl" xml:lang="en-US" id="id_12895287_2933462_2_1">Japan [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_JP" xlink:to="country_JP_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_KeyManagementPersonnelCompensation" xlink:label="ifrs-full_KeyManagementPersonnelCompensation"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_KeyManagementPersonnelCompensation_lbl" xml:lang="en-US" id="id_12895287_2938251_1_1">Key management personnel compensation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_KeyManagementPersonnelCompensation_lbl" xml:lang="en-US" id="id_12895287_2938251_6_1">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_KeyManagementPersonnelCompensation" xlink:to="ifrs-full_KeyManagementPersonnelCompensation_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_KeyManagementPersonnelCompensationOtherLongtermBenefits" xlink:label="ifrs-full_KeyManagementPersonnelCompensationOtherLongtermBenefits"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_KeyManagementPersonnelCompensationOtherLongtermBenefits_lbl" xml:lang="en-US" id="id_12895287_2938252_1_1">Key management personnel compensation, other long-term employee benefits</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_KeyManagementPersonnelCompensationOtherLongtermBenefits_lbl" xml:lang="en-US" id="id_12895287_2938252_2_1">Other long-term benefits</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_KeyManagementPersonnelCompensationOtherLongtermBenefits" xlink:to="ifrs-full_KeyManagementPersonnelCompensationOtherLongtermBenefits_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits" xlink:label="ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits_lbl" xml:lang="en-US" id="id_12895287_2937799_1_1">Key management personnel compensation, post-employment benefits</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits_lbl" xml:lang="en-US" id="id_12895287_2937799_2_1">Post-employment benefits</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits" xlink:to="ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:label="ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment_lbl" xml:lang="en-US" id="id_12895287_2938719_1_1">Key management personnel compensation, share-based payment</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment_lbl" xml:lang="en-US" id="id_12895287_2938719_2_1">Share-based payments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:to="ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:label="ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_lbl" xml:lang="en-US" id="id_12895287_2938253_1_1">Key management personnel compensation, short-term employee benefits</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_lbl" xml:lang="en-US" id="id_12895287_2938253_2_1">Short-term employee benefits</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:to="ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xlink:label="ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits_lbl" xml:lang="en-US" id="id_12895287_2938720_1_1">Key management personnel compensation, termination benefits</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits_lbl" xml:lang="en-US" id="id_12895287_2938720_2_1">Termination benefits</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xlink:to="ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_KeyMarketRisksAndRiskManagementStrategiesExplanatory" xlink:label="mfc_KeyMarketRisksAndRiskManagementStrategiesExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_KeyMarketRisksAndRiskManagementStrategiesExplanatory_lbl" xml:lang="en-US" id="id_12895287_3030925_3_1">Key market risks and risk management strategies.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_KeyMarketRisksAndRiskManagementStrategiesExplanatory_lbl" xml:lang="en-US" id="id_12895287_3030925_1_1">Key market risks and risk management strategies [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_KeyMarketRisksAndRiskManagementStrategiesExplanatory_lbl" xml:lang="en-US" id="id_12895287_3030925_2_1">Summary of Risk Management Strategies</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_KeyMarketRisksAndRiskManagementStrategiesExplanatory" xlink:to="mfc_KeyMarketRisksAndRiskManagementStrategiesExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_LapsesAndPolicyholderBehaviourMember" xlink:label="mfc_LapsesAndPolicyholderBehaviourMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_LapsesAndPolicyholderBehaviourMember_lbl" xml:lang="en-US" id="id_12895287_2997555_3_1">The member stands for lapses and policyholder behaviour.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_LapsesAndPolicyholderBehaviourMember_lbl" xml:lang="en-US" id="id_12895287_2997555_1_1">Lapses and policyholder behaviour [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_LapsesAndPolicyholderBehaviourMember_lbl" xml:lang="en-US" id="id_12895287_2997555_2_1">Lapses and policyholder behavior [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_LapsesAndPolicyholderBehaviourMember" xlink:to="mfc_LapsesAndPolicyholderBehaviourMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_LargestSingleIssuerOfEquityPortfolioPercentage" xlink:label="mfc_LargestSingleIssuerOfEquityPortfolioPercentage"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_LargestSingleIssuerOfEquityPortfolioPercentage_lbl" xml:lang="en-US" id="id_12895287_3022805_3_1">Largest single issuer of equity portfolio percentage.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_LargestSingleIssuerOfEquityPortfolioPercentage_lbl" xml:lang="en-US" id="id_12895287_3022805_1_1">Largest Single Issuer Of Equity Portfolio Percentage</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_LargestSingleIssuerOfEquityPortfolioPercentage_lbl" xml:lang="en-US" id="id_12895287_3022805_2_1">Largest single issuer as a per cent of the total equity portfolio</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_LargestSingleIssuerOfEquityPortfolioPercentage" xlink:to="mfc_LargestSingleIssuerOfEquityPortfolioPercentage_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanFiveYearsMember" xlink:label="ifrs-full_LaterThanFiveYearsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanFiveYearsMember_lbl" xml:lang="en-US" id="id_12895287_2937501_1_1">Later than five years [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanFiveYearsMember_lbl" xml:lang="en-US" id="id_12895287_2937501_2_1">Over 5 years [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanFiveYearsMember" xlink:to="ifrs-full_LaterThanFiveYearsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember_lbl" xml:lang="en-US" id="id_12895287_2937505_1_1">Later than one year and not later than five years [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember_lbl" xml:lang="en-US" id="id_12895287_2937505_2_1">1 to 5 years [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:to="ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember_lbl" xml:lang="en-US" id="id_12895287_2937506_1_1">Later than one year and not later than three years [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember_lbl" xml:lang="en-US" id="id_12895287_2937506_2_1">1 to 3 years [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" xlink:to="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_lbl" xml:lang="en-US" id="id_12895287_2938724_1_1">Later than one year and not later than two years [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_lbl" xml:lang="en-US" id="id_12895287_2938724_2_1">One to two years [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:to="ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanOneYearMember" xlink:label="ifrs-full_LaterThanOneYearMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanOneYearMember_lbl" xml:lang="en-US" id="id_12895287_2938257_1_1">Later than one year [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanOneYearMember_lbl" xml:lang="en-US" id="id_12895287_2938257_2_1">Mature after One year [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanOneYearMember" xlink:to="ifrs-full_LaterThanOneYearMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanThreeMonthsMember" xlink:label="ifrs-full_LaterThanThreeMonthsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanThreeMonthsMember_lbl" xml:lang="en-US" id="id_12895287_2938726_1_1">Later than three months [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanThreeMonthsMember_lbl" xml:lang="en-US" id="id_12895287_2938726_2_1">90 days and greater [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanThreeMonthsMember" xlink:to="ifrs-full_LaterThanThreeMonthsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember_lbl" xml:lang="en-US" id="id_12895287_2938727_1_1">Later than three years and not later than five years [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember_lbl" xml:lang="en-US" id="id_12895287_2938727_2_1">3 to 5 years [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" xlink:to="ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember_lbl" xml:lang="en-US" id="id_12895287_2938261_1_1">Later than three years and not later than four years [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember_lbl" xml:lang="en-US" id="id_12895287_2938261_2_1">Three to four years [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:to="ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember" xlink:label="ifrs-full_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember_lbl" xml:lang="en-US" id="id_12895287_2937509_1_1">Later than two months and not later than three months [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember_lbl" xml:lang="en-US" id="id_12895287_2937509_2_1">Less than 90 days [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember" xlink:to="ifrs-full_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:label="ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_lbl" xml:lang="en-US" id="id_12895287_2937806_1_1">Later than two years and not later than three years [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_lbl" xml:lang="en-US" id="id_12895287_2937806_2_1">Two to three years [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:to="ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_LessThanFiftyBasisPointsMember" xlink:label="mfc_LessThanFiftyBasisPointsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_LessThanFiftyBasisPointsMember_lbl" xml:lang="en-US" id="id_12895287_2999269_3_1">Less than fifty basis points.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_LessThanFiftyBasisPointsMember_lbl" xml:lang="en-US" id="id_12895287_2999269_1_1">Less than fifty basis points [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_LessThanFiftyBasisPointsMember_lbl" xml:lang="en-US" id="id_12895287_2999269_2_1">-50bp [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_LessThanFiftyBasisPointsMember" xlink:to="mfc_LessThanFiftyBasisPointsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_LessThanTenPercentageChangeInMarketValueMember" xlink:label="mfc_LessThanTenPercentageChangeInMarketValueMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_LessThanTenPercentageChangeInMarketValueMember_lbl" xml:lang="en-US" id="id_12895287_2999273_3_1">Less than ten percentage change in market value.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_LessThanTenPercentageChangeInMarketValueMember_lbl" xml:lang="en-US" id="id_12895287_2999273_1_1">Less than Ten percentage Change In Market Value [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_LessThanTenPercentageChangeInMarketValueMember_lbl" xml:lang="en-US" id="id_12895287_2999273_2_1">-10% [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_LessThanTenPercentageChangeInMarketValueMember" xlink:to="mfc_LessThanTenPercentageChangeInMarketValueMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_LessThanTwentyBasisPointsMember" xlink:label="mfc_LessThanTwentyBasisPointsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_LessThanTwentyBasisPointsMember_lbl" xml:lang="en-US" id="id_12895287_2999275_3_1">Less than twenty basis points.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_LessThanTwentyBasisPointsMember_lbl" xml:lang="en-US" id="id_12895287_2999275_1_1">Less than twenty basis points [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_LessThanTwentyBasisPointsMember_lbl" xml:lang="en-US" id="id_12895287_2999275_2_1">-20bp [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_LessThanTwentyBasisPointsMember" xlink:to="mfc_LessThanTwentyBasisPointsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_LettersOfCreditOutstandingAmount1" xlink:label="mfc_LettersOfCreditOutstandingAmount1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_LettersOfCreditOutstandingAmount1_lbl" xml:lang="en-US" id="id_12895287_2962807_3_1">Letters of credit outstanding amount 1.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_LettersOfCreditOutstandingAmount1_lbl" xml:lang="en-US" id="id_12895287_2962807_1_1">Letters of credit outstanding amount 1</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_LettersOfCreditOutstandingAmount1_lbl" xml:lang="en-US" id="id_12895287_2962807_2_1">Letters of credit outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_LettersOfCreditOutstandingAmount1" xlink:to="mfc_LettersOfCreditOutstandingAmount1_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Level1OfFairValueHierarchyMember" xlink:label="ifrs-full_Level1OfFairValueHierarchyMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Level1OfFairValueHierarchyMember_lbl" xml:lang="en-US" id="id_12895287_2938736_1_1">Level 1 of fair value hierarchy [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Level1OfFairValueHierarchyMember_lbl" xml:lang="en-US" id="id_12895287_2938736_2_1">Level 1 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Level1OfFairValueHierarchyMember" xlink:to="ifrs-full_Level1OfFairValueHierarchyMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Level2OfFairValueHierarchyMember" xlink:label="ifrs-full_Level2OfFairValueHierarchyMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Level2OfFairValueHierarchyMember_lbl" xml:lang="en-US" id="id_12895287_2937811_1_1">Level 2 of fair value hierarchy [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Level2OfFairValueHierarchyMember_lbl" xml:lang="en-US" id="id_12895287_2937811_2_1">Level 2 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Level2OfFairValueHierarchyMember" xlink:to="ifrs-full_Level2OfFairValueHierarchyMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Level3OfFairValueHierarchyMember" xlink:label="ifrs-full_Level3OfFairValueHierarchyMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Level3OfFairValueHierarchyMember_lbl" xml:lang="en-US" id="id_12895287_2938265_1_1">Level 3 of fair value hierarchy [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Level3OfFairValueHierarchyMember_lbl" xml:lang="en-US" id="id_12895287_2938265_2_1">Level 3 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Level3OfFairValueHierarchyMember" xlink:to="ifrs-full_Level3OfFairValueHierarchyMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:label="ifrs-full_LevelsOfFairValueHierarchyAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LevelsOfFairValueHierarchyAxis_lbl" xml:lang="en-US" id="id_12895287_2937813_1_1">Levels of fair value hierarchy [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LevelsOfFairValueHierarchyAxis_lbl" xml:lang="en-US" id="id_12895287_2937813_2_1">Levels of fair value hierarchy [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:to="ifrs-full_LevelsOfFairValueHierarchyAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_LeveragedLeasesMember" xlink:label="mfc_LeveragedLeasesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_LeveragedLeasesMember_lbl" xml:lang="en-US" id="id_12895287_2997892_3_1">Leveraged leases.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_LeveragedLeasesMember_lbl" xml:lang="en-US" id="id_12895287_2997892_1_1">Leveraged leases [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_LeveragedLeasesMember_lbl" xml:lang="en-US" id="id_12895287_2997892_2_1">Leveraged leases [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_LeveragedLeasesMember" xlink:to="mfc_LeveragedLeasesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Liabilities" xlink:label="ifrs-full_Liabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Liabilities_lbl" xml:lang="en-US" id="id_12895287_2937814_1_1">Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Liabilities_lbl" xml:lang="en-US" id="id_12895287_2937814_2_1">Fair value of securitized liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_Liabilities_lbl" xml:lang="en-US" id="id_12895287_2937814_6_1">Total liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Liabilities" xlink:to="ifrs-full_Liabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LiabilitiesAbstract" xlink:label="ifrs-full_LiabilitiesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LiabilitiesAbstract_lbl" xml:lang="en-US" id="id_12895287_2937815_1_1">Liabilities [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LiabilitiesAbstract_lbl" xml:lang="en-US" id="id_12895287_2937815_2_1">Liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiabilitiesAbstract" xlink:to="ifrs-full_LiabilitiesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LiabilitiesArisingFromInsuranceContracts" xlink:label="ifrs-full_LiabilitiesArisingFromInsuranceContracts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LiabilitiesArisingFromInsuranceContracts_lbl" xml:lang="en-US" id="id_12895287_2937514_1_1">Liabilities under insurance contracts and reinsurance contracts issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_LiabilitiesArisingFromInsuranceContracts_lbl" xml:lang="en-US" id="id_12895287_2937514_4_1">Ending balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_LiabilitiesArisingFromInsuranceContracts_lbl" xml:lang="en-US" id="id_12895287_2937514_5_1">Beginning balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="ifrs-full_LiabilitiesArisingFromInsuranceContracts_lbl" xml:lang="en-US" id="id_12895287_2937514_32_1">Total, gross of reinsurance ceded</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LiabilitiesArisingFromInsuranceContracts_lbl" xml:lang="en-US" id="id_12895287_2937514_2_1">Insurance contract liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_LiabilitiesArisingFromInsuranceContracts_lbl" xml:lang="en-US" id="id_12895287_2937514_6_1">Gross insurance contract liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_LiabilitiesArisingFromInsuranceContracts_lbl" xml:lang="en-US" id="id_12895287_2937514_12_1">Insurance contract liabilities (note 8)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiabilitiesArisingFromInsuranceContracts" xlink:to="ifrs-full_LiabilitiesArisingFromInsuranceContracts_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_LiabilitiesForQualifyingCapitalInstruments" xlink:label="mfc_LiabilitiesForQualifyingCapitalInstruments"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_LiabilitiesForQualifyingCapitalInstruments_lbl" xml:lang="en-US" id="id_12895287_3031735_3_1">Liabilities for Qualifying Capital Instruments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_LiabilitiesForQualifyingCapitalInstruments_lbl" xml:lang="en-US" id="id_12895287_3031735_1_1">Liabilities for Qualifying Capital Instruments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_LiabilitiesForQualifyingCapitalInstruments_lbl" xml:lang="en-US" id="id_12895287_3031735_2_1">Qualifying capital instruments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_LiabilitiesForQualifyingCapitalInstruments" xlink:to="mfc_LiabilitiesForQualifyingCapitalInstruments_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LiabilitiesFromSharebasedPaymentTransactions2011" xlink:label="ifrs-full_LiabilitiesFromSharebasedPaymentTransactions2011"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LiabilitiesFromSharebasedPaymentTransactions2011_lbl" xml:lang="en-US" id="id_12895287_2938269_1_1">Liabilities from share-based payment transactions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LiabilitiesFromSharebasedPaymentTransactions2011_lbl" xml:lang="en-US" id="id_12895287_2938269_2_1">Amount of the liability relating to equity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiabilitiesFromSharebasedPaymentTransactions2011" xlink:to="ifrs-full_LiabilitiesFromSharebasedPaymentTransactions2011_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_LiabilitiesOnCurrentInForceBusinessDuePeriod" xlink:label="mfc_LiabilitiesOnCurrentInForceBusinessDuePeriod"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_LiabilitiesOnCurrentInForceBusinessDuePeriod_lbl" xml:lang="en-US" id="id_12895287_2975650_3_1">Liabilities on current in force business due period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_LiabilitiesOnCurrentInForceBusinessDuePeriod_lbl" xml:lang="en-US" id="id_12895287_2975650_1_1">Liabilities on current in force business due period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_LiabilitiesOnCurrentInForceBusinessDuePeriod_lbl" xml:lang="en-US" id="id_12895287_2975650_2_1">Liabilities on current in-force business due period</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_LiabilitiesOnCurrentInForceBusinessDuePeriod" xlink:to="mfc_LiabilitiesOnCurrentInForceBusinessDuePeriod_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:label="ifrs-full_LiabilityAssetOfDefinedBenefitPlans"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LiabilityAssetOfDefinedBenefitPlans_lbl" xml:lang="en-US" id="id_12895287_2938740_1_1">Net defined benefit liability (asset)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_LiabilityAssetOfDefinedBenefitPlans_lbl" xml:lang="en-US" id="id_12895287_2938740_4_1">Ending balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_LiabilityAssetOfDefinedBenefitPlans_lbl" xml:lang="en-US" id="id_12895287_2938740_5_1">Beginning balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LiabilityAssetOfDefinedBenefitPlans_lbl" xml:lang="en-US" id="id_12895287_2938740_2_1">Deficit and net defined benefit liability</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_LiabilityAssetOfDefinedBenefitPlans_lbl" xml:lang="en-US" id="id_12895287_2938740_12_1">Plan assets set aside for non-qualified cash balance plan</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:to="ifrs-full_LiabilityAssetOfDefinedBenefitPlans_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_LiabilityhedgingAssetsMember" xlink:label="mfc_LiabilityhedgingAssetsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_LiabilityhedgingAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2998128_3_1">Liability-hedging assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_LiabilityhedgingAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2998128_1_1">Liability-hedging assets [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_LiabilityhedgingAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2998128_2_1">Liability-hedging assets [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_LiabilityhedgingAssetsMember" xlink:to="mfc_LiabilityhedgingAssetsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_LifeAndHealthInsuranceMember" xlink:label="mfc_LifeAndHealthInsuranceMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_LifeAndHealthInsuranceMember_lbl" xml:lang="en-US" id="id_12895287_2998230_3_1">Life and health insurance.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_LifeAndHealthInsuranceMember_lbl" xml:lang="en-US" id="id_12895287_2998230_1_1">Life and health insurance [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_LifeAndHealthInsuranceMember_lbl" xml:lang="en-US" id="id_12895287_2998230_2_1">Life and health insurance [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_LifeAndHealthInsuranceMember" xlink:to="mfc_LifeAndHealthInsuranceMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_LifeExpectancyInYearsAtAgeSixtyFiveForThoseCurrentlyAgeFortyFiveMember" xlink:label="mfc_LifeExpectancyInYearsAtAgeSixtyFiveForThoseCurrentlyAgeFortyFiveMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_LifeExpectancyInYearsAtAgeSixtyFiveForThoseCurrentlyAgeFortyFiveMember_lbl" xml:lang="en-US" id="id_12895287_2998216_3_1">Life expectancy (in years) at age 65 for those currently age 45.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_LifeExpectancyInYearsAtAgeSixtyFiveForThoseCurrentlyAgeFortyFiveMember_lbl" xml:lang="en-US" id="id_12895287_2998216_1_1">Life expectancy (in years) at age Sixty Five for those currently age Forty Five [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_LifeExpectancyInYearsAtAgeSixtyFiveForThoseCurrentlyAgeFortyFiveMember_lbl" xml:lang="en-US" id="id_12895287_2998216_2_1">Life expectancy (in years) at age 65 for those currently age 45 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_LifeExpectancyInYearsAtAgeSixtyFiveForThoseCurrentlyAgeFortyFiveMember" xlink:to="mfc_LifeExpectancyInYearsAtAgeSixtyFiveForThoseCurrentlyAgeFortyFiveMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_LifeExpectancyInYearsForThoseCurrentlyAgeSixtyFiveMember" xlink:label="mfc_LifeExpectancyInYearsForThoseCurrentlyAgeSixtyFiveMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_LifeExpectancyInYearsForThoseCurrentlyAgeSixtyFiveMember_lbl" xml:lang="en-US" id="id_12895287_2998215_3_1">Life expectancy (in years) for those currently age 65.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_LifeExpectancyInYearsForThoseCurrentlyAgeSixtyFiveMember_lbl" xml:lang="en-US" id="id_12895287_2998215_1_1">Life expectancy (in years) for those currently age Sixty Five [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_LifeExpectancyInYearsForThoseCurrentlyAgeSixtyFiveMember_lbl" xml:lang="en-US" id="id_12895287_2998215_2_1">Life expectancy (in years) for those currently age 65 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_LifeExpectancyInYearsForThoseCurrentlyAgeSixtyFiveMember" xlink:to="mfc_LifeExpectancyInYearsForThoseCurrentlyAgeSixtyFiveMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LifeInsuranceContractsMember" xlink:label="ifrs-full_LifeInsuranceContractsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LifeInsuranceContractsMember_lbl" xml:lang="en-US" id="id_12895287_2937516_1_1">Life insurance contracts [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LifeInsuranceContractsMember_lbl" xml:lang="en-US" id="id_12895287_2937516_2_1">Life insurance contracts [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LifeInsuranceContractsMember" xlink:to="ifrs-full_LifeInsuranceContractsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_LineOfCreditFacilityMaximumBorrowingCapacity1" xlink:label="mfc_LineOfCreditFacilityMaximumBorrowingCapacity1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_LineOfCreditFacilityMaximumBorrowingCapacity1_lbl" xml:lang="en-US" id="id_12895287_2956641_3_1">Line Of Credit Facility Maximum Borrowing Capacity 1</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_LineOfCreditFacilityMaximumBorrowingCapacity1_lbl" xml:lang="en-US" id="id_12895287_2956641_1_1">Line Of Credit Facility Maximum Borrowing Capacity 1</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_LineOfCreditFacilityMaximumBorrowingCapacity1_lbl" xml:lang="en-US" id="id_12895287_2956641_2_1">Estimated maximum borrowing capacity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_LineOfCreditFacilityMaximumBorrowingCapacity1" xlink:to="mfc_LineOfCreditFacilityMaximumBorrowingCapacity1_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_LivingBenefitsMember" xlink:label="mfc_LivingBenefitsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_LivingBenefitsMember_lbl" xml:lang="en-US" id="id_12895287_3002491_3_1">Living benefits.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_LivingBenefitsMember_lbl" xml:lang="en-US" id="id_12895287_3002491_1_1">Living benefits [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_LivingBenefitsMember_lbl" xml:lang="en-US" id="id_12895287_3002491_2_1">Living benefits [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_LivingBenefitsMember" xlink:to="mfc_LivingBenefitsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LoansAndAdvancesToCustomers" xlink:label="ifrs-full_LoansAndAdvancesToCustomers"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LoansAndAdvancesToCustomers_lbl" xml:lang="en-US" id="id_12895287_2937518_1_1">Loans and advances to customers</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LoansAndAdvancesToCustomers_lbl" xml:lang="en-US" id="id_12895287_2937518_2_1">Loans to bank clients</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LoansAndAdvancesToCustomers" xlink:to="ifrs-full_LoansAndAdvancesToCustomers_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_LoansToBankClientsMember" xlink:label="mfc_LoansToBankClientsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_LoansToBankClientsMember_lbl" xml:lang="en-US" id="id_12895287_2996960_3_1">Loans to Bank clients.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_LoansToBankClientsMember_lbl" xml:lang="en-US" id="id_12895287_2996960_1_1">Loans to bank clients [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_LoansToBankClientsMember_lbl" xml:lang="en-US" id="id_12895287_2996960_2_1">Loans to Bank clients [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_LoansToBankClientsMember" xlink:to="mfc_LoansToBankClientsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LongtermBorrowings" xlink:label="ifrs-full_LongtermBorrowings"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LongtermBorrowings_lbl" xml:lang="en-US" id="id_12895287_2938746_1_1">Non-current portion of non-current borrowings</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="ifrs-full_LongtermBorrowings_lbl" xml:lang="en-US" id="id_12895287_2938746_32_1">Long-term debt (note 11)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LongtermBorrowings_lbl" xml:lang="en-US" id="id_12895287_2938746_2_1">Debt outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_LongtermBorrowings_lbl" xml:lang="en-US" id="id_12895287_2938746_12_1">Long-term debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LongtermBorrowings" xlink:to="ifrs-full_LongtermBorrowings_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_LongTermBorrowingsFairValue" xlink:label="mfc_LongTermBorrowingsFairValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_LongTermBorrowingsFairValue_lbl" xml:lang="en-US" id="id_12895287_2963209_3_1">Long term borrowings fair value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_LongTermBorrowingsFairValue_lbl" xml:lang="en-US" id="id_12895287_2963209_1_1">Long term borrowings fair value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_LongTermBorrowingsFairValue_lbl" xml:lang="en-US" id="id_12895287_2963209_2_1">Fair value of long-term debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_LongTermBorrowingsFairValue" xlink:to="mfc_LongTermBorrowingsFairValue_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_MacroEquityRiskHedgingRiskManagementStrategy" xlink:label="mfc_MacroEquityRiskHedgingRiskManagementStrategy"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_MacroEquityRiskHedgingRiskManagementStrategy_lbl" xml:lang="en-US" id="id_12895287_3012789_3_1">Percentage of macro equity risk hedging risk management strategy.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_MacroEquityRiskHedgingRiskManagementStrategy_lbl" xml:lang="en-US" id="id_12895287_3012789_1_1">Macro Equity Risk Hedging Risk Management Strategy</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_MacroEquityRiskHedgingRiskManagementStrategy_lbl" xml:lang="en-US" id="id_12895287_3012789_2_1">Macro equity risk hedging</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_MacroEquityRiskHedgingRiskManagementStrategy" xlink:to="mfc_MacroEquityRiskHedgingRiskManagementStrategy_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_MajorClassesOfCommercialMortgagesAxis" xlink:label="mfc_MajorClassesOfCommercialMortgagesAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_MajorClassesOfCommercialMortgagesAxis_lbl" xml:lang="en-US" id="id_12895287_2980431_3_1">Major classes of commercial mortgages.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_MajorClassesOfCommercialMortgagesAxis_lbl" xml:lang="en-US" id="id_12895287_2980431_1_1">Major Classes Of Commercial Mortgages [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_MajorClassesOfCommercialMortgagesAxis_lbl" xml:lang="en-US" id="id_12895287_2980431_2_1">Major Classes Of Commercial Mortgages [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_MajorClassesOfCommercialMortgagesAxis" xlink:to="mfc_MajorClassesOfCommercialMortgagesAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_MajorClassesOfCommercialMortgagesMember" xlink:label="mfc_MajorClassesOfCommercialMortgagesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_MajorClassesOfCommercialMortgagesMember_lbl" xml:lang="en-US" id="id_12895287_2999021_3_1">Major Classes Of Commercial Mortgages [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_MajorClassesOfCommercialMortgagesMember_lbl" xml:lang="en-US" id="id_12895287_2999021_1_1">Major Classes Of Commercial Mortgages [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_MajorClassesOfCommercialMortgagesMember_lbl" xml:lang="en-US" id="id_12895287_2999021_2_1">Major Classes Of Commercial Mortgages [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_MajorClassesOfCommercialMortgagesMember" xlink:to="mfc_MajorClassesOfCommercialMortgagesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract" xlink:label="ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract_lbl" xml:lang="en-US" id="id_12895287_2937527_1_1">Major components of tax expense (income) [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract_lbl" xml:lang="en-US" id="id_12895287_2937527_2_1">Major components of tax expense (income) [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract" xlink:to="ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_MajorCustomersAxis" xlink:label="ifrs-full_MajorCustomersAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MajorCustomersAxis_lbl" xml:lang="en-US" id="id_12895287_2937528_1_1">Major customers [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MajorCustomersAxis_lbl" xml:lang="en-US" id="id_12895287_2937528_2_1">Major customers [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MajorCustomersAxis" xlink:to="ifrs-full_MajorCustomersAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_MajorCustomersMember" xlink:label="ifrs-full_MajorCustomersMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MajorCustomersMember_lbl" xml:lang="en-US" id="id_12895287_2937529_1_1">Customers [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MajorCustomersMember_lbl" xml:lang="en-US" id="id_12895287_2937529_2_1">Customers [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MajorCustomersMember" xlink:to="ifrs-full_MajorCustomersMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_MajorOrdinaryShareTransactionsMember" xlink:label="ifrs-full_MajorOrdinaryShareTransactionsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MajorOrdinaryShareTransactionsMember_lbl" xml:lang="en-US" id="id_12895287_2938282_1_1">Major ordinary share transactions [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MajorOrdinaryShareTransactionsMember_lbl" xml:lang="en-US" id="id_12895287_2938282_2_1">Major ordinary share transactions [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MajorOrdinaryShareTransactionsMember" xlink:to="ifrs-full_MajorOrdinaryShareTransactionsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_MaleMember" xlink:label="mfc_MaleMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_MaleMember_lbl" xml:lang="en-US" id="id_12895287_2995312_3_1">Male [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_MaleMember_lbl" xml:lang="en-US" id="id_12895287_2995312_1_1">Male [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_MaleMember_lbl" xml:lang="en-US" id="id_12895287_2995312_2_1">Male [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_MaleMember" xlink:to="mfc_MaleMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManufacturersLifeInsuranceCompanyMember" xlink:label="mfc_ManufacturersLifeInsuranceCompanyMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManufacturersLifeInsuranceCompanyMember_lbl" xml:lang="en-US" id="id_12895287_2998068_3_1">Manufacturers life insurance company.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManufacturersLifeInsuranceCompanyMember_lbl" xml:lang="en-US" id="id_12895287_2998068_1_1">Manufacturers life insurance company [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManufacturersLifeInsuranceCompanyMember_lbl" xml:lang="en-US" id="id_12895287_2998068_2_1">Manufacturers life insurance company [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManufacturersLifeInsuranceCompanyMember" xlink:to="mfc_ManufacturersLifeInsuranceCompanyMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManufacturersLifeInsuranceMember" xlink:label="mfc_ManufacturersLifeInsuranceMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManufacturersLifeInsuranceMember_lbl" xml:lang="en-US" id="id_12895287_2998226_3_1">Manufacturers life insurance.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManufacturersLifeInsuranceMember_lbl" xml:lang="en-US" id="id_12895287_2998226_1_1">Manufacturers Life Insurance [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManufacturersLifeInsuranceMember_lbl" xml:lang="en-US" id="id_12895287_2998226_2_1">MLI consolidated [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManufacturersLifeInsuranceMember" xlink:to="mfc_ManufacturersLifeInsuranceMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManufacturersLifeReinsuranceLimitedMember" xlink:label="mfc_ManufacturersLifeReinsuranceLimitedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManufacturersLifeReinsuranceLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997784_3_1">Manufacturers Life Reinsurance Limited.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManufacturersLifeReinsuranceLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997784_1_1">Manufacturers Life Reinsurance Limited [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManufacturersLifeReinsuranceLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997784_2_1">Manufacturers Life Reinsurance Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManufacturersLifeReinsuranceLimitedMember" xlink:to="mfc_ManufacturersLifeReinsuranceLimitedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManufacturersPcLimitedMember" xlink:label="mfc_ManufacturersPcLimitedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManufacturersPcLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997794_3_1">Manufacturers P &amp; C Limited.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManufacturersPcLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997794_1_1">Manufacturers PC Limited [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManufacturersPcLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997794_2_1">Manufacturers P &amp; C Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManufacturersPcLimitedMember" xlink:to="mfc_ManufacturersPcLimitedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeAssetManagementAndOtherMember" xlink:label="mfc_ManulifeAssetManagementAndOtherMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeAssetManagementAndOtherMember_lbl" xml:lang="en-US" id="id_12895287_2982202_3_1">Manulife Asset Management and Other.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeAssetManagementAndOtherMember_lbl" xml:lang="en-US" id="id_12895287_2982202_1_1">Manulife Asset Management and Other [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeAssetManagementAndOtherMember_lbl" xml:lang="en-US" id="id_12895287_2982202_2_1">Manulife Asset Management and Other [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeAssetManagementAndOtherMember" xlink:to="mfc_ManulifeAssetManagementAndOtherMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeAssetManagementEuropeLimitedMember" xlink:label="mfc_ManulifeAssetManagementEuropeLimitedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeAssetManagementEuropeLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997810_3_1">Manulife Asset Management (Europe) Limited.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeAssetManagementEuropeLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997810_1_1">Manulife Asset Management Europe Limited [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeAssetManagementEuropeLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997810_2_1">Manulife Asset Management (Europe) Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeAssetManagementEuropeLimitedMember" xlink:to="mfc_ManulifeAssetManagementEuropeLimitedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeAssetManagementHoldingsCanadaIncMember" xlink:label="mfc_ManulifeAssetManagementHoldingsCanadaIncMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeAssetManagementHoldingsCanadaIncMember_lbl" xml:lang="en-US" id="id_12895287_2997804_3_1">Manulife Asset Management Holdings (Canada) Inc.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeAssetManagementHoldingsCanadaIncMember_lbl" xml:lang="en-US" id="id_12895287_2997804_1_1">Manulife Asset Management Holdings Canada Inc [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeAssetManagementHoldingsCanadaIncMember_lbl" xml:lang="en-US" id="id_12895287_2997804_2_1">Manulife Asset Management Holdings (Canada) Inc. [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeAssetManagementHoldingsCanadaIncMember" xlink:to="mfc_ManulifeAssetManagementHoldingsCanadaIncMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeAssetManagementHongKongLimitedMember" xlink:label="mfc_ManulifeAssetManagementHongKongLimitedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeAssetManagementHongKongLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997832_3_1">Manulife Asset Management (Hong Kong) Limited.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeAssetManagementHongKongLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997832_1_1">Manulife Asset Management Hong Kong Limited [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeAssetManagementHongKongLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997832_2_1">Manulife Asset Management (Hong Kong) Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeAssetManagementHongKongLimitedMember" xlink:to="mfc_ManulifeAssetManagementHongKongLimitedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeAssetManagementInternationalHoldingsLimitedMember" xlink:label="mfc_ManulifeAssetManagementInternationalHoldingsLimitedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeAssetManagementInternationalHoldingsLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997831_3_1">Manulife Asset Management International Holdings Limited.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeAssetManagementInternationalHoldingsLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997831_1_1">Manulife Asset Management International Holdings Limited [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeAssetManagementInternationalHoldingsLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997831_2_1">Manulife Asset Management International Holdings Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeAssetManagementInternationalHoldingsLimitedMember" xlink:to="mfc_ManulifeAssetManagementInternationalHoldingsLimitedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeAssetManagementJapanLimitedMember" xlink:label="mfc_ManulifeAssetManagementJapanLimitedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeAssetManagementJapanLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997809_3_1">Manulife Asset Management (Japan) Limited.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeAssetManagementJapanLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997809_1_1">Manulife Asset Management Japan Limited [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeAssetManagementJapanLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997809_2_1">Manulife Asset Management (Japan) Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeAssetManagementJapanLimitedMember" xlink:to="mfc_ManulifeAssetManagementJapanLimitedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeAssetManagementLimitedMember" xlink:label="mfc_ManulifeAssetManagementLimitedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeAssetManagementLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997805_3_1">Manulife Asset Management Limited.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeAssetManagementLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997805_1_1">Manulife Asset Management Limited [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeAssetManagementLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997805_2_1">Manulife Asset Management Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeAssetManagementLimitedMember" xlink:to="mfc_ManulifeAssetManagementLimitedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeAssetManagementNorthAmericaLimitedMember" xlink:label="mfc_ManulifeAssetManagementNorthAmericaLimitedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeAssetManagementNorthAmericaLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997838_3_1">Manulife Asset Management (North America) Limited.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeAssetManagementNorthAmericaLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997838_1_1">Manulife Asset Management North America Limited [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeAssetManagementNorthAmericaLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997838_2_1">Manulife Asset Management (North America) Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeAssetManagementNorthAmericaLimitedMember" xlink:to="mfc_ManulifeAssetManagementNorthAmericaLimitedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeAssetManagementServicesBerhadMember" xlink:label="mfc_ManulifeAssetManagementServicesBerhadMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeAssetManagementServicesBerhadMember_lbl" xml:lang="en-US" id="id_12895287_2997819_3_1">Manulife Asset Management Services Berhad.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeAssetManagementServicesBerhadMember_lbl" xml:lang="en-US" id="id_12895287_2997819_1_1">Manulife Asset Management Services Berhad [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeAssetManagementServicesBerhadMember_lbl" xml:lang="en-US" id="id_12895287_2997819_2_1">Manulife Asset Management Services Berhad [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeAssetManagementServicesBerhadMember" xlink:to="mfc_ManulifeAssetManagementServicesBerhadMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeAssetManagementSingaporePteLtdMember" xlink:label="mfc_ManulifeAssetManagementSingaporePteLtdMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeAssetManagementSingaporePteLtdMember_lbl" xml:lang="en-US" id="id_12895287_2997822_3_1">Manulife Asset Management (Singapore) Pte. Ltd.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeAssetManagementSingaporePteLtdMember_lbl" xml:lang="en-US" id="id_12895287_2997822_1_1">Manulife Asset Management Singapore Pte Ltd [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeAssetManagementSingaporePteLtdMember_lbl" xml:lang="en-US" id="id_12895287_2997822_2_1">Manulife Asset Management (Singapore) Pte. Ltd. [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeAssetManagementSingaporePteLtdMember" xlink:to="mfc_ManulifeAssetManagementSingaporePteLtdMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeAssetManagementTaiwanCoLtdMember" xlink:label="mfc_ManulifeAssetManagementTaiwanCoLtdMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeAssetManagementTaiwanCoLtdMember_lbl" xml:lang="en-US" id="id_12895287_2997833_3_1">Manulife Asset Management (Taiwan) Co., Ltd.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeAssetManagementTaiwanCoLtdMember_lbl" xml:lang="en-US" id="id_12895287_2997833_1_1">Manulife Asset Management Taiwan Co Ltd [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeAssetManagementTaiwanCoLtdMember_lbl" xml:lang="en-US" id="id_12895287_2997833_2_1">Manulife Asset Management (Taiwan) Co., Ltd. [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeAssetManagementTaiwanCoLtdMember" xlink:to="mfc_ManulifeAssetManagementTaiwanCoLtdMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeAssetManagementThailandCompanyLimitedMember" xlink:label="mfc_ManulifeAssetManagementThailandCompanyLimitedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeAssetManagementThailandCompanyLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997816_3_1">Manulife Asset Management (Thailand) Company Limited.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeAssetManagementThailandCompanyLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997816_1_1">Manulife Asset Management Thailand Company Limited [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeAssetManagementThailandCompanyLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997816_2_1">Manulife Asset Management (Thailand) Company Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeAssetManagementThailandCompanyLimitedMember" xlink:to="mfc_ManulifeAssetManagementThailandCompanyLimitedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeAssetManagementUsLlcMember" xlink:label="mfc_ManulifeAssetManagementUsLlcMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeAssetManagementUsLlcMember_lbl" xml:lang="en-US" id="id_12895287_2997704_3_1">Manulife Asset Management (US) LLC.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeAssetManagementUsLlcMember_lbl" xml:lang="en-US" id="id_12895287_2997704_1_1">Manulife Asset Management US LLC [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeAssetManagementUsLlcMember_lbl" xml:lang="en-US" id="id_12895287_2997704_2_1">Manulife Asset Management (US) LLC [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeAssetManagementUsLlcMember" xlink:to="mfc_ManulifeAssetManagementUsLlcMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeAssetManagementVietnamCompanyLimitedMember" xlink:label="mfc_ManulifeAssetManagementVietnamCompanyLimitedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeAssetManagementVietnamCompanyLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997786_3_1">Manulife Asset Management (Vietnam) Company Limited.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeAssetManagementVietnamCompanyLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997786_1_1">Manulife Asset Management Vietnam Company Limited [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeAssetManagementVietnamCompanyLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997786_2_1">Manulife Asset Management (Vietnam) Company Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeAssetManagementVietnamCompanyLimitedMember" xlink:to="mfc_ManulifeAssetManagementVietnamCompanyLimitedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeAssuranceCompanyOfCanadaMember" xlink:label="mfc_ManulifeAssuranceCompanyOfCanadaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeAssuranceCompanyOfCanadaMember_lbl" xml:lang="en-US" id="id_12895287_2997847_3_1">Manulife Assurance Company of Canada.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeAssuranceCompanyOfCanadaMember_lbl" xml:lang="en-US" id="id_12895287_2997847_1_1">Manulife Assurance Company of Canada [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeAssuranceCompanyOfCanadaMember_lbl" xml:lang="en-US" id="id_12895287_2997847_2_1">Manulife Assurance Company of Canada [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeAssuranceCompanyOfCanadaMember" xlink:to="mfc_ManulifeAssuranceCompanyOfCanadaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeBankofCanadaMember" xlink:label="mfc_ManulifeBankofCanadaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeBankofCanadaMember_lbl" xml:lang="en-US" id="id_12895287_2997803_3_1">Manulife Bank of Canada.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeBankofCanadaMember_lbl" xml:lang="en-US" id="id_12895287_2997803_1_1">Manulife Bankof Canada [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeBankofCanadaMember_lbl" xml:lang="en-US" id="id_12895287_2997803_2_1">Manulife Bank of Canada [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeBankofCanadaMember" xlink:to="mfc_ManulifeBankofCanadaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeCambodiaPlcMember" xlink:label="mfc_ManulifeCambodiaPlcMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeCambodiaPlcMember_lbl" xml:lang="en-US" id="id_12895287_2997783_3_1">Manulife (Cambodia) PLC.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeCambodiaPlcMember_lbl" xml:lang="en-US" id="id_12895287_2997783_1_1">Manulife Cambodia PLC [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeCambodiaPlcMember_lbl" xml:lang="en-US" id="id_12895287_2997783_2_1">Manulife (Cambodia) PLC [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeCambodiaPlcMember" xlink:to="mfc_ManulifeCambodiaPlcMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeChinabankLifeAssuranceCorporationMember" xlink:label="mfc_ManulifeChinabankLifeAssuranceCorporationMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeChinabankLifeAssuranceCorporationMember_lbl" xml:lang="en-US" id="id_12895287_2997824_3_1">Manulife Chinabank Life Assurance Corporation.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeChinabankLifeAssuranceCorporationMember_lbl" xml:lang="en-US" id="id_12895287_2997824_1_1">Manulife Chinabank Life Assurance Corporation [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeChinabankLifeAssuranceCorporationMember_lbl" xml:lang="en-US" id="id_12895287_2997824_2_1">Manulife Chinabank Life Assurance Corporation [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeChinabankLifeAssuranceCorporationMember" xlink:to="mfc_ManulifeChinabankLifeAssuranceCorporationMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeFinanceLPMember" xlink:label="mfc_ManulifeFinanceLPMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeFinanceLPMember_lbl" xml:lang="en-US" id="id_12895287_2998157_3_1">Manulife finance (Delaware), L.P.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeFinanceLPMember_lbl" xml:lang="en-US" id="id_12895287_2998157_1_1">Manulife Finance (Delaware), L.P. [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeFinanceLPMember_lbl" xml:lang="en-US" id="id_12895287_2998157_2_1">Manulife Finance (Delaware), L.P.[Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeFinanceLPMember" xlink:to="mfc_ManulifeFinanceLPMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeFinancialAsiaLimitedMember" xlink:label="mfc_ManulifeFinancialAsiaLimitedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeFinancialAsiaLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997830_3_1">Manulife Financial Asia Limited.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeFinancialAsiaLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997830_1_1">Manulife Financial Asia Limited [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeFinancialAsiaLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997830_2_1">Manulife Financial Asia Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeFinancialAsiaLimitedMember" xlink:to="mfc_ManulifeFinancialAsiaLimitedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeFinancialCapitalTrustIIMember" xlink:label="mfc_ManulifeFinancialCapitalTrustIIMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeFinancialCapitalTrustIIMember_lbl" xml:lang="en-US" id="id_12895287_2998217_3_1">Manulife financial capital trust II.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeFinancialCapitalTrustIIMember_lbl" xml:lang="en-US" id="id_12895287_2998217_1_1">Manulife Financial Capital Trust II [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeFinancialCapitalTrustIIMember_lbl" xml:lang="en-US" id="id_12895287_2998217_2_1">Manulife Financial Capital Trust II [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeFinancialCapitalTrustIIMember" xlink:to="mfc_ManulifeFinancialCapitalTrustIIMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeFinancialCorporationMember" xlink:label="mfc_ManulifeFinancialCorporationMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeFinancialCorporationMember_lbl" xml:lang="en-US" id="id_12895287_2998225_3_1">Manulife financial corporation.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeFinancialCorporationMember_lbl" xml:lang="en-US" id="id_12895287_2998225_1_1">Manulife Financial Corporation [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeFinancialCorporationMember_lbl" xml:lang="en-US" id="id_12895287_2998225_2_1">MFC [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeFinancialCorporationMember" xlink:to="mfc_ManulifeFinancialCorporationMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeHoldingsAlbertaLimitedMember" xlink:label="mfc_ManulifeHoldingsAlbertaLimitedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeHoldingsAlbertaLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997765_3_1">Manulife Holdings (Alberta) Limited.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeHoldingsAlbertaLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997765_1_1">Manulife Holdings Alberta Limited [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeHoldingsAlbertaLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997765_2_1">Manulife Holdings (Alberta) Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeHoldingsAlbertaLimitedMember" xlink:to="mfc_ManulifeHoldingsAlbertaLimitedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeHoldingsBerhadMember" xlink:label="mfc_ManulifeHoldingsBerhadMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeHoldingsBerhadMember_lbl" xml:lang="en-US" id="id_12895287_2997817_3_1">Manulife Holdings Berhad.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeHoldingsBerhadMember_lbl" xml:lang="en-US" id="id_12895287_2997817_1_1">Manulife Holdings Berhad [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeHoldingsBerhadMember_lbl" xml:lang="en-US" id="id_12895287_2997817_2_1">Manulife Holdings Berhad [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeHoldingsBerhadMember" xlink:to="mfc_ManulifeHoldingsBerhadMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeHoldingsBermudaLimitedMember" xlink:label="mfc_ManulifeHoldingsBermudaLimitedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeHoldingsBermudaLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997792_3_1">Manulife Holdings (Bermuda) Limited.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeHoldingsBermudaLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997792_1_1">Manulife Holdings Bermuda Limited [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeHoldingsBermudaLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997792_2_1">Manulife Holdings (Bermuda) Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeHoldingsBermudaLimitedMember" xlink:to="mfc_ManulifeHoldingsBermudaLimitedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeInsuranceBerhadMember" xlink:label="mfc_ManulifeInsuranceBerhadMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeInsuranceBerhadMember_lbl" xml:lang="en-US" id="id_12895287_2997818_3_1">Manulife Insurance Berhad.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeInsuranceBerhadMember_lbl" xml:lang="en-US" id="id_12895287_2997818_1_1">Manulife Insurance Berhad [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeInsuranceBerhadMember_lbl" xml:lang="en-US" id="id_12895287_2997818_2_1">Manulife Insurance Berhad [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeInsuranceBerhadMember" xlink:to="mfc_ManulifeInsuranceBerhadMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeInsuranceThailandPublicCompanyLimitedMember" xlink:label="mfc_ManulifeInsuranceThailandPublicCompanyLimitedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeInsuranceThailandPublicCompanyLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997815_3_1">Manulife Insurance (Thailand) Public Company Limited.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeInsuranceThailandPublicCompanyLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997815_1_1">Manulife Insurance Thailand Public Company Limited [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeInsuranceThailandPublicCompanyLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997815_2_1">Manulife Insurance (Thailand) Public Company Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeInsuranceThailandPublicCompanyLimitedMember" xlink:to="mfc_ManulifeInsuranceThailandPublicCompanyLimitedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeInternationalHoldingsLimitedMember" xlink:label="mfc_ManulifeInternationalHoldingsLimitedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeInternationalHoldingsLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997827_3_1">Manulife International Holdings Limited.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeInternationalHoldingsLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997827_1_1">Manulife International Holdings Limited [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeInternationalHoldingsLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997827_2_1">Manulife International Holdings Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeInternationalHoldingsLimitedMember" xlink:to="mfc_ManulifeInternationalHoldingsLimitedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeInternationalLimitedMember" xlink:label="mfc_ManulifeInternationalLimitedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeInternationalLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997828_3_1">Manulife (International) Limited.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeInternationalLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997828_1_1">Manulife International Limited [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeInternationalLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997828_2_1">Manulife (International) Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeInternationalLimitedMember" xlink:to="mfc_ManulifeInternationalLimitedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeLifeInsuranceCompanyMember" xlink:label="mfc_ManulifeLifeInsuranceCompanyMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeLifeInsuranceCompanyMember_lbl" xml:lang="en-US" id="id_12895287_2997834_3_1">Manulife Life Insurance Company.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeLifeInsuranceCompanyMember_lbl" xml:lang="en-US" id="id_12895287_2997834_1_1">Manulife Life Insurance Company [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeLifeInsuranceCompanyMember_lbl" xml:lang="en-US" id="id_12895287_2997834_2_1">Manulife Life Insurance Company [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeLifeInsuranceCompanyMember" xlink:to="mfc_ManulifeLifeInsuranceCompanyMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifePropertyLimitedPartnershipIiMember" xlink:label="mfc_ManulifePropertyLimitedPartnershipIiMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifePropertyLimitedPartnershipIiMember_lbl" xml:lang="en-US" id="id_12895287_2997788_3_1">Manulife Property Limited Partnership II.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifePropertyLimitedPartnershipIiMember_lbl" xml:lang="en-US" id="id_12895287_2997788_1_1">Manulife Property Limited Partnership II [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifePropertyLimitedPartnershipIiMember_lbl" xml:lang="en-US" id="id_12895287_2997788_2_1">Manulife Property Limited Partnership II [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifePropertyLimitedPartnershipIiMember" xlink:to="mfc_ManulifePropertyLimitedPartnershipIiMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifePropertyLimitedPartnershipMember" xlink:label="mfc_ManulifePropertyLimitedPartnershipMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifePropertyLimitedPartnershipMember_lbl" xml:lang="en-US" id="id_12895287_2997795_3_1">Manulife Property Limited Partnership.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifePropertyLimitedPartnershipMember_lbl" xml:lang="en-US" id="id_12895287_2997795_1_1">Manulife Property Limited Partnership [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifePropertyLimitedPartnershipMember_lbl" xml:lang="en-US" id="id_12895287_2997795_2_1">Manulife Property Limited Partnership [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifePropertyLimitedPartnershipMember" xlink:to="mfc_ManulifePropertyLimitedPartnershipMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeReinsuranceBermudaLimitedMember" xlink:label="mfc_ManulifeReinsuranceBermudaLimitedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeReinsuranceBermudaLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997802_3_1">Manulife Reinsurance (Bermuda) Limited.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeReinsuranceBermudaLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997802_1_1">Manulife Reinsurance Bermuda Limited [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeReinsuranceBermudaLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997802_2_1">Manulife Reinsurance (Bermuda) Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeReinsuranceBermudaLimitedMember" xlink:to="mfc_ManulifeReinsuranceBermudaLimitedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeReinsuranceLimitedMember" xlink:label="mfc_ManulifeReinsuranceLimitedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeReinsuranceLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997801_3_1">Manulife Reinsurance Limited.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeReinsuranceLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997801_1_1">Manulife Reinsurance Limited [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeReinsuranceLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997801_2_1">Manulife Reinsurance Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeReinsuranceLimitedMember" xlink:to="mfc_ManulifeReinsuranceLimitedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeResourcesLimitedMember" xlink:label="mfc_ManulifeResourcesLimitedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeResourcesLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997808_3_1">Manulife Resources Limited.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeResourcesLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997808_1_1">Manulife Resources Limited [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeResourcesLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997808_2_1">Manulife Resources Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeResourcesLimitedMember" xlink:to="mfc_ManulifeResourcesLimitedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeSecuritiesIncorporatedMember" xlink:label="mfc_ManulifeSecuritiesIncorporatedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeSecuritiesIncorporatedMember_lbl" xml:lang="en-US" id="id_12895287_2997837_3_1">Manulife Securities Incorporated.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeSecuritiesIncorporatedMember_lbl" xml:lang="en-US" id="id_12895287_2997837_1_1">Manulife Securities Incorporated [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeSecuritiesIncorporatedMember_lbl" xml:lang="en-US" id="id_12895287_2997837_2_1">Manulife Securities Incorporated [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeSecuritiesIncorporatedMember" xlink:to="mfc_ManulifeSecuritiesIncorporatedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeSecuritiesInvestmentServicesIncMember" xlink:label="mfc_ManulifeSecuritiesInvestmentServicesIncMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeSecuritiesInvestmentServicesIncMember_lbl" xml:lang="en-US" id="id_12895287_2997790_3_1">Manulife Securities Investment Services Inc.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeSecuritiesInvestmentServicesIncMember_lbl" xml:lang="en-US" id="id_12895287_2997790_1_1">Manulife Securities Investment Services Inc [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeSecuritiesInvestmentServicesIncMember_lbl" xml:lang="en-US" id="id_12895287_2997790_2_1">Manulife Securities Investment Services Inc. [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeSecuritiesInvestmentServicesIncMember" xlink:to="mfc_ManulifeSecuritiesInvestmentServicesIncMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeSingaporePteLtdMember" xlink:label="mfc_ManulifeSingaporePteLtdMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeSingaporePteLtdMember_lbl" xml:lang="en-US" id="id_12895287_2997821_3_1">Manulife (Singapore) Pte. Ltd.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeSingaporePteLtdMember_lbl" xml:lang="en-US" id="id_12895287_2997821_1_1">Manulife Singapore Pte Ltd [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeSingaporePteLtdMember_lbl" xml:lang="en-US" id="id_12895287_2997821_2_1">Manulife (Singapore) Pte. Ltd. [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeSingaporePteLtdMember" xlink:to="mfc_ManulifeSingaporePteLtdMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeSinochemLifeInsuranceCoLtdMember" xlink:label="mfc_ManulifeSinochemLifeInsuranceCoLtdMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeSinochemLifeInsuranceCoLtdMember_lbl" xml:lang="en-US" id="id_12895287_2997826_3_1">Manulife-Sinochem Life Insurance Co. Ltd.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeSinochemLifeInsuranceCoLtdMember_lbl" xml:lang="en-US" id="id_12895287_2997826_1_1">Manulife Sinochem Life Insurance Co Ltd [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeSinochemLifeInsuranceCoLtdMember_lbl" xml:lang="en-US" id="id_12895287_2997826_2_1">Manulife-Sinochem Life Insurance Co. Ltd. [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeSinochemLifeInsuranceCoLtdMember" xlink:to="mfc_ManulifeSinochemLifeInsuranceCoLtdMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeVietnamLimitedMember" xlink:label="mfc_ManulifeVietnamLimitedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeVietnamLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997785_3_1">Manulife (Vietnam) Limited.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeVietnamLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997785_1_1">Manulife Vietnam Limited [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeVietnamLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997785_2_1">Manulife (Vietnam) Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeVietnamLimitedMember" xlink:to="mfc_ManulifeVietnamLimitedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ManulifeWesternHoldingsLimitedPartnershipMember" xlink:label="mfc_ManulifeWesternHoldingsLimitedPartnershipMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ManulifeWesternHoldingsLimitedPartnershipMember_lbl" xml:lang="en-US" id="id_12895287_2997798_3_1">Manulife Western Holdings Limited Partnership.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ManulifeWesternHoldingsLimitedPartnershipMember_lbl" xml:lang="en-US" id="id_12895287_2997798_1_1">Manulife Western Holdings Limited Partnership [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ManulifeWesternHoldingsLimitedPartnershipMember_lbl" xml:lang="en-US" id="id_12895287_2997798_2_1">Manulife Western Holdings Limited Partnership [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ManulifeWesternHoldingsLimitedPartnershipMember" xlink:to="mfc_ManulifeWesternHoldingsLimitedPartnershipMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_MaturityAndSurrenderBenefitsMember" xlink:label="mfc_MaturityAndSurrenderBenefitsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_MaturityAndSurrenderBenefitsMember_lbl" xml:lang="en-US" id="id_12895287_2997615_3_1">The member stands for maturity and surrender benefits.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_MaturityAndSurrenderBenefitsMember_lbl" xml:lang="en-US" id="id_12895287_2997615_1_1">Maturity and surrender benefits [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_MaturityAndSurrenderBenefitsMember_lbl" xml:lang="en-US" id="id_12895287_2997615_2_1">Maturity and surrender benefits [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_MaturityAndSurrenderBenefitsMember" xlink:to="mfc_MaturityAndSurrenderBenefitsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_MaturityAxis" xlink:label="ifrs-full_MaturityAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MaturityAxis_lbl" xml:lang="en-US" id="id_12895287_2938284_1_1">Maturity [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MaturityAxis_lbl" xml:lang="en-US" id="id_12895287_2938284_2_1">Maturity [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MaturityAxis" xlink:to="ifrs-full_MaturityAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_MaximumConcentrationOfMortgagesAndRealEstate" xlink:label="mfc_MaximumConcentrationOfMortgagesAndRealEstate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_MaximumConcentrationOfMortgagesAndRealEstate_lbl" xml:lang="en-US" id="id_12895287_2962400_3_1">Maximum concentration of mortgages and real estate.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_MaximumConcentrationOfMortgagesAndRealEstate_lbl" xml:lang="en-US" id="id_12895287_2962400_1_1">Maximum concentration of mortgages and real estate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_MaximumConcentrationOfMortgagesAndRealEstate_lbl" xml:lang="en-US" id="id_12895287_2962400_2_1">Largest concentration of mortgages and real estate(2) - Ontario Canada (2017 - 25%, 2016 - 24%)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_MaximumConcentrationOfMortgagesAndRealEstate" xlink:to="mfc_MaximumConcentrationOfMortgagesAndRealEstate_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_MaximumConcentrationOfMortgagesAndRealEstatePercentage" xlink:label="mfc_MaximumConcentrationOfMortgagesAndRealEstatePercentage"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_MaximumConcentrationOfMortgagesAndRealEstatePercentage_lbl" xml:lang="en-US" id="id_12895287_3022659_3_1">Maximum concentration of mortgages and real estate, percentage.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_MaximumConcentrationOfMortgagesAndRealEstatePercentage_lbl" xml:lang="en-US" id="id_12895287_3022659_1_1">Maximum concentration of mortgages and real estate, percentage</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_MaximumConcentrationOfMortgagesAndRealEstatePercentage_lbl" xml:lang="en-US" id="id_12895287_3022659_2_1">Largest concentration of mortgages and real estate, percentage</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_MaximumConcentrationOfMortgagesAndRealEstatePercentage" xlink:to="mfc_MaximumConcentrationOfMortgagesAndRealEstatePercentage_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_MaximumExposureToCreditRisk" xlink:label="ifrs-full_MaximumExposureToCreditRisk"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MaximumExposureToCreditRisk_lbl" xml:lang="en-US" id="id_12895287_2937839_1_1">Maximum exposure to credit risk</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MaximumExposureToCreditRisk_lbl" xml:lang="en-US" id="id_12895287_2937839_2_1">Credit exposure</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MaximumExposureToCreditRisk" xlink:to="ifrs-full_MaximumExposureToCreditRisk_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets" xlink:label="ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2938286_1_1">Maximum exposure to credit risk of financial assets designated as measured at fair value through profit or loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2938286_2_1">Maximum credit exposure related to derivatives</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets" xlink:to="ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities" xlink:label="ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities_lbl" xml:lang="en-US" id="id_12895287_2938761_1_1">Maximum exposure to loss from interests in structured entities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities_lbl" xml:lang="en-US" id="id_12895287_2938761_2_1">Company's interests</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities_lbl" xml:lang="en-US" id="id_12895287_2938761_12_1">Company's maximum exposure to loss</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities" xlink:to="ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_MaximumExposureToSingleNongovernmentDebtSecurityAndPrivatePlacementIssuer" xlink:label="mfc_MaximumExposureToSingleNongovernmentDebtSecurityAndPrivatePlacementIssuer"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_MaximumExposureToSingleNongovernmentDebtSecurityAndPrivatePlacementIssuer_lbl" xml:lang="en-US" id="id_12895287_2963228_3_1">Maximum exposure to single nongovernment debt security and private placement issuer.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_MaximumExposureToSingleNongovernmentDebtSecurityAndPrivatePlacementIssuer_lbl" xml:lang="en-US" id="id_12895287_2963228_1_1">Maximum Exposure To Single Nongovernment Debt Security And Private Placement Issuer</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_MaximumExposureToSingleNongovernmentDebtSecurityAndPrivatePlacementIssuer_lbl" xml:lang="en-US" id="id_12895287_2963228_2_1">Highest exposure to a single non-government debt security and private placement issuer</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_MaximumExposureToSingleNongovernmentDebtSecurityAndPrivatePlacementIssuer" xlink:to="mfc_MaximumExposureToSingleNongovernmentDebtSecurityAndPrivatePlacementIssuer_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_MaximumPercentageOfFinalAveragePayPensionPlansToGlobalPensionObligations" xlink:label="mfc_MaximumPercentageOfFinalAveragePayPensionPlansToGlobalPensionObligations"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_MaximumPercentageOfFinalAveragePayPensionPlansToGlobalPensionObligations_lbl" xml:lang="en-US" id="id_12895287_3022537_3_1">Maximum percentage of final average pay pension plans to global pension obligations.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_MaximumPercentageOfFinalAveragePayPensionPlansToGlobalPensionObligations_lbl" xml:lang="en-US" id="id_12895287_3022537_1_1">Maximum percentage of final average pay pension plans to global pension obligations</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_MaximumPercentageOfFinalAveragePayPensionPlansToGlobalPensionObligations_lbl" xml:lang="en-US" id="id_12895287_3022537_2_1">Percentage of final average pay pension plans to global pension obligations</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_MaximumPercentageOfFinalAveragePayPensionPlansToGlobalPensionObligations" xlink:to="mfc_MaximumPercentageOfFinalAveragePayPensionPlansToGlobalPensionObligations_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_MaximumTimeFrameForWhichVariableCashFlowsAreHedged" xlink:label="mfc_MaximumTimeFrameForWhichVariableCashFlowsAreHedged"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_MaximumTimeFrameForWhichVariableCashFlowsAreHedged_lbl" xml:lang="en-US" id="id_12895287_2977588_3_1">Maximum time frame for which variable cash flows are hedged.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_MaximumTimeFrameForWhichVariableCashFlowsAreHedged_lbl" xml:lang="en-US" id="id_12895287_2977588_1_1">Maximum time frame for which variable cash flows are hedged</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_MaximumTimeFrameForWhichVariableCashFlowsAreHedged_lbl" xml:lang="en-US" id="id_12895287_2977588_2_1">Maximum time frame for which variable cash flows are hedged</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_MaximumTimeFrameForWhichVariableCashFlowsAreHedged" xlink:to="mfc_MaximumTimeFrameForWhichVariableCashFlowsAreHedged_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_MeasurementAxis" xlink:label="ifrs-full_MeasurementAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MeasurementAxis_lbl" xml:lang="en-US" id="id_12895287_2937840_1_1">Measurement [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MeasurementAxis_lbl" xml:lang="en-US" id="id_12895287_2937840_2_1">Measurement [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MeasurementAxis" xlink:to="ifrs-full_MeasurementAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_MediaAndInternetMember" xlink:label="mfc_MediaAndInternetMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_MediaAndInternetMember_lbl" xml:lang="en-US" id="id_12895287_2997672_3_1">Media and internet.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_MediaAndInternetMember_lbl" xml:lang="en-US" id="id_12895287_2997672_1_1">Media and internet [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_MediaAndInternetMember_lbl" xml:lang="en-US" id="id_12895287_2997672_2_1">Media and internet [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_MediaAndInternetMember" xlink:to="mfc_MediaAndInternetMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_MediumTermNotes1Member" xlink:label="mfc_MediumTermNotes1Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_MediumTermNotes1Member_lbl" xml:lang="en-US" id="id_12895287_2983091_3_1">Medium Term Notes 1 [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_MediumTermNotes1Member_lbl" xml:lang="en-US" id="id_12895287_2983091_1_1">Medium Term Notes 1 [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_MediumTermNotes1Member_lbl" xml:lang="en-US" id="id_12895287_2983091_2_1">Medium Term Notes 1 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_MediumTermNotes1Member" xlink:to="mfc_MediumTermNotes1Member_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_MfcGuarantorMember" xlink:label="mfc_MfcGuarantorMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_MfcGuarantorMember_lbl" xml:lang="en-US" id="id_12895287_2980747_3_1">MFC guarantor.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_MfcGuarantorMember_lbl" xml:lang="en-US" id="id_12895287_2980747_1_1">MFC guarantor [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_MfcGuarantorMember_lbl" xml:lang="en-US" id="id_12895287_2980747_2_1">MFC (Guarantor) [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_MfcGuarantorMember" xlink:to="mfc_MfcGuarantorMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease" xlink:label="ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease_lbl" xml:lang="en-US" id="id_12895287_2938769_1_1">Minimum lease payments payable under non-cancellable operating lease</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease_lbl" xml:lang="en-US" id="id_12895287_2938769_2_1">Aggregate future minimum lease payments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease_lbl" xml:lang="en-US" id="id_12895287_2938769_12_1">Lease obligations</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease" xlink:to="ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_MiscellaneousOtherAssets" xlink:label="mfc_MiscellaneousOtherAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_MiscellaneousOtherAssets_lbl" xml:lang="en-US" id="id_12895287_2959294_3_1">Miscellaneous other assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_MiscellaneousOtherAssets_lbl" xml:lang="en-US" id="id_12895287_2959294_1_1">Miscellaneous Other Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_MiscellaneousOtherAssets_lbl" xml:lang="en-US" id="id_12895287_2959294_2_1">Miscellaneous</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_MiscellaneousOtherAssets" xlink:to="mfc_MiscellaneousOtherAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_MLIAndJohnHancockLifeInsuranceCompanyMember" xlink:label="mfc_MLIAndJohnHancockLifeInsuranceCompanyMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_MLIAndJohnHancockLifeInsuranceCompanyMember_lbl" xml:lang="en-US" id="id_12895287_2996971_3_1">MLI and John Hancock Life Insurance Company.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_MLIAndJohnHancockLifeInsuranceCompanyMember_lbl" xml:lang="en-US" id="id_12895287_2996971_1_1">MLI and John Hancock Life Insurance Company [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_MLIAndJohnHancockLifeInsuranceCompanyMember_lbl" xml:lang="en-US" id="id_12895287_2996971_2_1">MLI and John Hancock Life Insurance Company [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_MLIAndJohnHancockLifeInsuranceCompanyMember" xlink:to="mfc_MLIAndJohnHancockLifeInsuranceCompanyMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_MoneyMarketFunds1Member" xlink:label="mfc_MoneyMarketFunds1Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_MoneyMarketFunds1Member_lbl" xml:lang="en-US" id="id_12895287_2981330_3_1">Money market funds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_MoneyMarketFunds1Member_lbl" xml:lang="en-US" id="id_12895287_2981330_1_1">Money Market Funds 1 [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_MoneyMarketFunds1Member_lbl" xml:lang="en-US" id="id_12895287_2981330_2_1">Money market funds [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_MoneyMarketFunds1Member" xlink:to="mfc_MoneyMarketFunds1Member_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_MoreThanFiftyBasisPointsMember" xlink:label="mfc_MoreThanFiftyBasisPointsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_MoreThanFiftyBasisPointsMember_lbl" xml:lang="en-US" id="id_12895287_2999271_3_1">More than fifty basis points.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_MoreThanFiftyBasisPointsMember_lbl" xml:lang="en-US" id="id_12895287_2999271_1_1">More than fifty basis points [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_MoreThanFiftyBasisPointsMember_lbl" xml:lang="en-US" id="id_12895287_2999271_2_1">+50bp [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_MoreThanFiftyBasisPointsMember" xlink:to="mfc_MoreThanFiftyBasisPointsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_MoreThanTenPercentageChangeInMarketValueMember" xlink:label="mfc_MoreThanTenPercentageChangeInMarketValueMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_MoreThanTenPercentageChangeInMarketValueMember_lbl" xml:lang="en-US" id="id_12895287_2999274_3_1">More than ten percentage change in market value.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_MoreThanTenPercentageChangeInMarketValueMember_lbl" xml:lang="en-US" id="id_12895287_2999274_1_1">More than Ten percentage Change In Market Value [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_MoreThanTenPercentageChangeInMarketValueMember_lbl" xml:lang="en-US" id="id_12895287_2999274_2_1">10% [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_MoreThanTenPercentageChangeInMarketValueMember" xlink:to="mfc_MoreThanTenPercentageChangeInMarketValueMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_MoreThanTwentyBasisPointsMember" xlink:label="mfc_MoreThanTwentyBasisPointsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_MoreThanTwentyBasisPointsMember_lbl" xml:lang="en-US" id="id_12895287_2999276_3_1">More than twenty basis points.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_MoreThanTwentyBasisPointsMember_lbl" xml:lang="en-US" id="id_12895287_2999276_1_1">More than twenty basis points [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_MoreThanTwentyBasisPointsMember_lbl" xml:lang="en-US" id="id_12895287_2999276_2_1">+20bp [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_MoreThanTwentyBasisPointsMember" xlink:to="mfc_MoreThanTwentyBasisPointsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_MortalityAndMorbidityUpdatesMember" xlink:label="mfc_MortalityAndMorbidityUpdatesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_MortalityAndMorbidityUpdatesMember_lbl" xml:lang="en-US" id="id_12895287_2997554_3_1">The member stands for mortality and morbidity updates.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_MortalityAndMorbidityUpdatesMember_lbl" xml:lang="en-US" id="id_12895287_2997554_1_1">Mortality and morbidity updates [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_MortalityAndMorbidityUpdatesMember_lbl" xml:lang="en-US" id="id_12895287_2997554_2_1">Mortality and morbidity updates [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_MortalityAndMorbidityUpdatesMember" xlink:to="mfc_MortalityAndMorbidityUpdatesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_MortgageBackedOrAssetBackedSecuritiesMember" xlink:label="mfc_MortgageBackedOrAssetBackedSecuritiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_MortgageBackedOrAssetBackedSecuritiesMember_lbl" xml:lang="en-US" id="id_12895287_2995213_3_1">Mortgage/asset-backed securities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_MortgageBackedOrAssetBackedSecuritiesMember_lbl" xml:lang="en-US" id="id_12895287_2995213_1_1">Mortgage Backed or Asset Backed Securities [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_MortgageBackedOrAssetBackedSecuritiesMember_lbl" xml:lang="en-US" id="id_12895287_2995213_2_1">Mortgage/asset-backed securities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_MortgageBackedOrAssetBackedSecuritiesMember" xlink:to="mfc_MortgageBackedOrAssetBackedSecuritiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_Mortgages" xlink:label="mfc_Mortgages"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_Mortgages_lbl" xml:lang="en-US" id="id_12895287_2959151_3_1">Mortgages.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_Mortgages_lbl" xml:lang="en-US" id="id_12895287_2959151_1_1">Mortgages</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_Mortgages_lbl" xml:lang="en-US" id="id_12895287_2959151_2_1">Mortgages</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_Mortgages" xlink:to="mfc_Mortgages_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_MortgagesAndLoansToBankClientsMember" xlink:label="mfc_MortgagesAndLoansToBankClientsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_MortgagesAndLoansToBankClientsMember_lbl" xml:lang="en-US" id="id_12895287_2997775_3_1">Mortgages and loans to bank clients.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_MortgagesAndLoansToBankClientsMember_lbl" xml:lang="en-US" id="id_12895287_2997775_1_1">Mortgages and loans to bank clients [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_MortgagesAndLoansToBankClientsMember_lbl" xml:lang="en-US" id="id_12895287_2997775_2_1">Mortgages and loans to Bank clients [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_MortgagesAndLoansToBankClientsMember" xlink:to="mfc_MortgagesAndLoansToBankClientsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_MortgagesMember" xlink:label="ifrs-full_MortgagesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MortgagesMember_lbl" xml:lang="en-US" id="id_12895287_2937550_1_1">Mortgages [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MortgagesMember_lbl" xml:lang="en-US" id="id_12895287_2937550_2_1">Mortgages [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MortgagesMember" xlink:to="ifrs-full_MortgagesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_MultifamilyResidentialMember" xlink:label="mfc_MultifamilyResidentialMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_MultifamilyResidentialMember_lbl" xml:lang="en-US" id="id_12895287_2997682_3_1">Multi-family residential.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_MultifamilyResidentialMember_lbl" xml:lang="en-US" id="id_12895287_2997682_1_1">Multi-family residential [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_MultifamilyResidentialMember_lbl" xml:lang="en-US" id="id_12895287_2997682_2_1">Multi-family residential [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_MultifamilyResidentialMember" xlink:to="mfc_MultifamilyResidentialMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_MutualFundsMember" xlink:label="mfc_MutualFundsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_MutualFundsMember_lbl" xml:lang="en-US" id="id_12895287_2998176_3_1">Mutual funds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_MutualFundsMember_lbl" xml:lang="en-US" id="id_12895287_2998176_1_1">Mutual funds [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_MutualFundsMember_lbl" xml:lang="en-US" id="id_12895287_2998176_2_1">Mutual funds [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_MutualFundsMember" xlink:to="mfc_MutualFundsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NalResourcesManagementLimitedMember" xlink:label="mfc_NalResourcesManagementLimitedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NalResourcesManagementLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997807_3_1">NAL Resources Management Limited.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NalResourcesManagementLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997807_1_1">NAL Resources Management Limited [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NalResourcesManagementLimitedMember_lbl" xml:lang="en-US" id="id_12895287_2997807_2_1">NAL Resources Management Limited [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NalResourcesManagementLimitedMember" xlink:to="mfc_NalResourcesManagementLimitedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NameOfSubsidiary" xlink:label="ifrs-full_NameOfSubsidiary"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NameOfSubsidiary_lbl" xml:lang="en-US" id="id_12895287_2937559_1_1">Name of subsidiary</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NameOfSubsidiary_lbl" xml:lang="en-US" id="id_12895287_2937559_2_1">Name of subsidiary</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NameOfSubsidiary" xlink:to="ifrs-full_NameOfSubsidiary_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NegativeTenPercentageChangeInMarketValueOfEquityMember" xlink:label="mfc_NegativeTenPercentageChangeInMarketValueOfEquityMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NegativeTenPercentageChangeInMarketValueOfEquityMember_lbl" xml:lang="en-US" id="id_12895287_2999259_3_1">Negative 10% change in market values of equity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NegativeTenPercentageChangeInMarketValueOfEquityMember_lbl" xml:lang="en-US" id="id_12895287_2999259_1_1">Negative Ten Percentage Change in Market Value of Equity [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NegativeTenPercentageChangeInMarketValueOfEquityMember_lbl" xml:lang="en-US" id="id_12895287_2999259_2_1">-10% [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NegativeTenPercentageChangeInMarketValueOfEquityMember" xlink:to="mfc_NegativeTenPercentageChangeInMarketValueOfEquityMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NegativeThirtyPercentageChangeInMarketValueOfEquityMember" xlink:label="mfc_NegativeThirtyPercentageChangeInMarketValueOfEquityMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NegativeThirtyPercentageChangeInMarketValueOfEquityMember_lbl" xml:lang="en-US" id="id_12895287_2999261_3_1">Negative 30% change in market values of equity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NegativeThirtyPercentageChangeInMarketValueOfEquityMember_lbl" xml:lang="en-US" id="id_12895287_2999261_1_1">Negative Thirty Percentage Change in Market Value of Equity [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NegativeThirtyPercentageChangeInMarketValueOfEquityMember_lbl" xml:lang="en-US" id="id_12895287_2999261_2_1">-30% [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NegativeThirtyPercentageChangeInMarketValueOfEquityMember" xlink:to="mfc_NegativeThirtyPercentageChangeInMarketValueOfEquityMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NegativeTwentyPercentageChangeInMarketValueOfEquityMember" xlink:label="mfc_NegativeTwentyPercentageChangeInMarketValueOfEquityMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NegativeTwentyPercentageChangeInMarketValueOfEquityMember_lbl" xml:lang="en-US" id="id_12895287_2999257_3_1">Negative 20% change in market values of equity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NegativeTwentyPercentageChangeInMarketValueOfEquityMember_lbl" xml:lang="en-US" id="id_12895287_2999257_1_1">Negative Twenty Percentage Change in Market Value of Equity [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NegativeTwentyPercentageChangeInMarketValueOfEquityMember_lbl" xml:lang="en-US" id="id_12895287_2999257_2_1">-20% [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NegativeTwentyPercentageChangeInMarketValueOfEquityMember" xlink:to="mfc_NegativeTwentyPercentageChangeInMarketValueOfEquityMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NetActuarialLiabilitiesMember" xlink:label="mfc_NetActuarialLiabilitiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NetActuarialLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2997599_3_1">This member stands for net actuarial liabilities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NetActuarialLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2997599_1_1">Net actuarial liabilities [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NetActuarialLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2997599_2_1">Net actuarial liabilities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NetActuarialLiabilitiesMember" xlink:to="mfc_NetActuarialLiabilitiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NetAftertaxUnrealizedLossPositionOfAvailableforsaleFixedIncomeAssets" xlink:label="mfc_NetAftertaxUnrealizedLossPositionOfAvailableforsaleFixedIncomeAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NetAftertaxUnrealizedLossPositionOfAvailableforsaleFixedIncomeAssets_lbl" xml:lang="en-US" id="id_12895287_2962964_3_1">Net after-tax unrealized loss position of available-for-sale fixed income assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NetAftertaxUnrealizedLossPositionOfAvailableforsaleFixedIncomeAssets_lbl" xml:lang="en-US" id="id_12895287_2962964_1_1">Net after-tax unrealized loss position of available-for-sale fixed income assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NetAftertaxUnrealizedLossPositionOfAvailableforsaleFixedIncomeAssets_lbl" xml:lang="en-US" id="id_12895287_2962964_2_1">Net after-tax unrealized loss position of AFS fixed income assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NetAftertaxUnrealizedLossPositionOfAvailableforsaleFixedIncomeAssets" xlink:to="mfc_NetAftertaxUnrealizedLossPositionOfAvailableforsaleFixedIncomeAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NetAmountArisingFromInsuranceContractsMember" xlink:label="ifrs-full_NetAmountArisingFromInsuranceContractsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NetAmountArisingFromInsuranceContractsMember_lbl" xml:lang="en-US" id="id_12895287_2938782_1_1">Net amount arising from insurance contracts [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NetAmountArisingFromInsuranceContractsMember_lbl" xml:lang="en-US" id="id_12895287_2938782_2_1">Net amount arising from insurance contracts [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NetAmountArisingFromInsuranceContractsMember" xlink:to="ifrs-full_NetAmountArisingFromInsuranceContractsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NetBenefitCostRecognizedInTheConsolidatedStatementsOfIncomeMember" xlink:label="mfc_NetBenefitCostRecognizedInTheConsolidatedStatementsOfIncomeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NetBenefitCostRecognizedInTheConsolidatedStatementsOfIncomeMember_lbl" xml:lang="en-US" id="id_12895287_2998162_3_1">Net benefit cost recognized in the Consolidated Statements of Income.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NetBenefitCostRecognizedInTheConsolidatedStatementsOfIncomeMember_lbl" xml:lang="en-US" id="id_12895287_2998162_1_1">Net benefit cost recognized in the Consolidated Statements of Income [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NetBenefitCostRecognizedInTheConsolidatedStatementsOfIncomeMember_lbl" xml:lang="en-US" id="id_12895287_2998162_2_1">Net Benefit Cost Recognized in the Consolidated Statements of Income [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NetBenefitCostRecognizedInTheConsolidatedStatementsOfIncomeMember" xlink:to="mfc_NetBenefitCostRecognizedInTheConsolidatedStatementsOfIncomeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NetDefinedBenefitLiabilityAssetAxis" xlink:label="ifrs-full_NetDefinedBenefitLiabilityAssetAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NetDefinedBenefitLiabilityAssetAxis_lbl" xml:lang="en-US" id="id_12895287_2937857_1_1">Net defined benefit liability (asset) [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NetDefinedBenefitLiabilityAssetAxis_lbl" xml:lang="en-US" id="id_12895287_2937857_2_1">Net defined benefit liability (asset) [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NetDefinedBenefitLiabilityAssetAxis" xlink:to="ifrs-full_NetDefinedBenefitLiabilityAssetAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NetDefinedBenefitLiabilityAssetMember" xlink:label="ifrs-full_NetDefinedBenefitLiabilityAssetMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NetDefinedBenefitLiabilityAssetMember_lbl" xml:lang="en-US" id="id_12895287_2937562_1_1">Net defined benefit liability (asset) [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NetDefinedBenefitLiabilityAssetMember_lbl" xml:lang="en-US" id="id_12895287_2937562_2_1">Net defined benefit liability (asset) [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NetDefinedBenefitLiabilityAssetMember" xlink:to="ifrs-full_NetDefinedBenefitLiabilityAssetMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NetEarnedPremium" xlink:label="ifrs-full_NetEarnedPremium"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NetEarnedPremium_lbl" xml:lang="en-US" id="id_12895287_2938784_1_1">Net earned premium</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NetEarnedPremium_lbl" xml:lang="en-US" id="id_12895287_2938784_2_1">Net premium income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_NetEarnedPremium_lbl" xml:lang="en-US" id="id_12895287_2938784_6_1">Net premiums</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NetEarnedPremium" xlink:to="ifrs-full_NetEarnedPremium_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NetExposure" xlink:label="mfc_NetExposure"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NetExposure_lbl" xml:lang="en-US" id="id_12895287_2968145_3_1">Net exposure after taking offsetting agreements and the benefit of the fair value of collateral held.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NetExposure_lbl" xml:lang="en-US" id="id_12895287_2968145_1_1">Net Exposure</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NetExposure_lbl" xml:lang="en-US" id="id_12895287_2968145_2_1">Net exposure after offsetting agreements and benefit of fair value of collateral held</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NetExposure" xlink:to="mfc_NetExposure_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:label="ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl" xml:lang="en-US" id="id_12895287_2937563_1_1">Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl" xml:lang="en-US" id="id_12895287_2937563_2_1">Largest single counterparty exposure with master netting agreements or the benefit of collateral held</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl" xml:lang="en-US" id="id_12895287_2937563_6_1">Net amount including financing trusts</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:to="ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsExcludingFinancingTrusts" xlink:label="mfc_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsExcludingFinancingTrusts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsExcludingFinancingTrusts_lbl" xml:lang="en-US" id="id_12895287_2963237_3_1">Net financial assets subject to offsetting enforceable master netting arrangements or similar agreements excluding financing trusts.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsExcludingFinancingTrusts_lbl" xml:lang="en-US" id="id_12895287_2963237_1_1">Net Financial Assets Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements Excluding Financing Trusts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsExcludingFinancingTrusts_lbl" xml:lang="en-US" id="id_12895287_2963237_2_1">Net amounts excluding financing trusts</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsExcludingFinancingTrusts" xlink:to="mfc_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsExcludingFinancingTrusts_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:label="ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl" xml:lang="en-US" id="id_12895287_2938785_1_1">Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl" xml:lang="en-US" id="id_12895287_2938785_19_1">Net amount including financing trusts</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:to="ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsExcludingFinancingTrusts" xlink:label="mfc_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsExcludingFinancingTrusts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsExcludingFinancingTrusts_lbl" xml:lang="en-US" id="id_12895287_2963230_3_1">Net financial liabilities subject to offsetting enforceable master netting arrangements or similar agreements excluding financing trusts.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsExcludingFinancingTrusts_lbl" xml:lang="en-US" id="id_12895287_2963230_1_1">Net Financial Liabilities Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements Excluding Financing Trusts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsExcludingFinancingTrusts_lbl" xml:lang="en-US" id="id_12895287_2963230_14_1">Net amounts excluding financing trusts</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsExcludingFinancingTrusts" xlink:to="mfc_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsExcludingFinancingTrusts_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" xlink:label="ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_lbl" xml:lang="en-US" id="id_12895287_2938932_1_1">Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_lbl" xml:lang="en-US" id="id_12895287_2938932_6_1">Net amounts of financial instruments presented in the Consolidated Statements of Financial Position</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" xlink:to="ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NetImpactOfUnderlyingSensitivityAfterHedging" xlink:label="mfc_NetImpactOfUnderlyingSensitivityAfterHedging"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NetImpactOfUnderlyingSensitivityAfterHedging_lbl" xml:lang="en-US" id="id_12895287_2962961_3_1">Net impact of underlying sensitivity after hedging.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NetImpactOfUnderlyingSensitivityAfterHedging_lbl" xml:lang="en-US" id="id_12895287_2962961_1_1">Net impact of underlying sensitivity after hedging</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="mfc_NetImpactOfUnderlyingSensitivityAfterHedging_lbl" xml:lang="en-US" id="id_12895287_2962961_6_1">Net potential impact on net income attributed to shareholders after impact of hedging</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NetImpactOfUnderlyingSensitivityAfterHedging" xlink:to="mfc_NetImpactOfUnderlyingSensitivityAfterHedging_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NetInsuranceContractLiabilities" xlink:label="mfc_NetInsuranceContractLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NetInsuranceContractLiabilities_lbl" xml:lang="en-US" id="id_12895287_2961984_3_1">The amount of insurance contract liabilities net of reinsurance assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NetInsuranceContractLiabilities_lbl" xml:lang="en-US" id="id_12895287_2961984_1_1">Net insurance contract liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NetInsuranceContractLiabilities_lbl" xml:lang="en-US" id="id_12895287_2961984_2_1">Net insurance contract liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="mfc_NetInsuranceContractLiabilities_lbl" xml:lang="en-US" id="id_12895287_2961984_6_1">Net insurance contract liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NetInsuranceContractLiabilities" xlink:to="mfc_NetInsuranceContractLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NetInsuranceContractLiabilitiesMember" xlink:label="mfc_NetInsuranceContractLiabilitiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NetInsuranceContractLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2997582_3_1">This member stands for net insurance contract liabilities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NetInsuranceContractLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2997582_1_1">Net insurance contract liabilities [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NetInsuranceContractLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2997582_2_1">Net insurance contract liabilities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NetInsuranceContractLiabilitiesMember" xlink:to="mfc_NetInsuranceContractLiabilitiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NetInsurancePremiumTaxes" xlink:label="mfc_NetInsurancePremiumTaxes"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NetInsurancePremiumTaxes_lbl" xml:lang="en-US" id="id_12895287_2962213_3_1">Net insurance premium taxes.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NetInsurancePremiumTaxes_lbl" xml:lang="en-US" id="id_12895287_2962213_1_1">Net insurance premium taxes</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NetInsurancePremiumTaxes_lbl" xml:lang="en-US" id="id_12895287_2962213_2_1">Net premium taxes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NetInsurancePremiumTaxes" xlink:to="mfc_NetInsurancePremiumTaxes_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NetInvestmentIncomeLoss" xlink:label="mfc_NetInvestmentIncomeLoss"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NetInvestmentIncomeLoss_lbl" xml:lang="en-US" id="id_12895287_2959241_3_1">Net investment income (loss).</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NetInvestmentIncomeLoss_lbl" xml:lang="en-US" id="id_12895287_2959241_1_1">Net Investment Income Loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NetInvestmentIncomeLoss_lbl" xml:lang="en-US" id="id_12895287_2959241_2_1">Net investment income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="mfc_NetInvestmentIncomeLoss_lbl" xml:lang="en-US" id="id_12895287_2959241_6_1">Net investment income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="mfc_NetInvestmentIncomeLoss_lbl" xml:lang="en-US" id="id_12895287_2959241_12_1">Net investment income (loss)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NetInvestmentIncomeLoss" xlink:to="mfc_NetInvestmentIncomeLoss_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NetOfReinsuranceAmountAtRisk" xlink:label="mfc_NetOfReinsuranceAmountAtRisk"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NetOfReinsuranceAmountAtRisk_lbl" xml:lang="en-US" id="id_12895287_2968246_3_1">Net of reinsurance amount at risk.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NetOfReinsuranceAmountAtRisk_lbl" xml:lang="en-US" id="id_12895287_2968246_1_1">Net Of Reinsurance Amount At Risk</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NetOfReinsuranceAmountAtRisk_lbl" xml:lang="en-US" id="id_12895287_2968246_2_1">Amount at risk net of reinsurance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="mfc_NetOfReinsuranceAmountAtRisk_lbl" xml:lang="en-US" id="id_12895287_2968246_12_1">Total, net of reinsurance, Amount at risk</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NetOfReinsuranceAmountAtRisk" xlink:to="mfc_NetOfReinsuranceAmountAtRisk_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NetOfReinsuranceFundValue" xlink:label="mfc_NetOfReinsuranceFundValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NetOfReinsuranceFundValue_lbl" xml:lang="en-US" id="id_12895287_2968247_3_1">Net of reinsurance fund value.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NetOfReinsuranceFundValue_lbl" xml:lang="en-US" id="id_12895287_2968247_1_1">Net Of Reinsurance Fund Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NetOfReinsuranceFundValue_lbl" xml:lang="en-US" id="id_12895287_2968247_2_1">Total, net of reinsurance, Fund value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NetOfReinsuranceFundValue" xlink:to="mfc_NetOfReinsuranceFundValue_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NetOfReinsuranceGuaranteeValue" xlink:label="mfc_NetOfReinsuranceGuaranteeValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NetOfReinsuranceGuaranteeValue_lbl" xml:lang="en-US" id="id_12895287_2968248_3_1">Net of reinsurance guarantee value.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NetOfReinsuranceGuaranteeValue_lbl" xml:lang="en-US" id="id_12895287_2968248_1_1">Net Of Reinsurance Guarantee Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NetOfReinsuranceGuaranteeValue_lbl" xml:lang="en-US" id="id_12895287_2968248_2_1">Total, net of reinsurance, Guarantee value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NetOfReinsuranceGuaranteeValue" xlink:to="mfc_NetOfReinsuranceGuaranteeValue_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NetRealizedUnrealizedGainsLossesOnDerivativeInvestmentIncome" xlink:label="mfc_NetRealizedUnrealizedGainsLossesOnDerivativeInvestmentIncome"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NetRealizedUnrealizedGainsLossesOnDerivativeInvestmentIncome_lbl" xml:lang="en-US" id="id_12895287_2962192_3_1">Net realized unrealized gains (losses) on derivative investment income.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NetRealizedUnrealizedGainsLossesOnDerivativeInvestmentIncome_lbl" xml:lang="en-US" id="id_12895287_2962192_1_1">Net realized unrealized gains losses on derivative investment income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NetRealizedUnrealizedGainsLossesOnDerivativeInvestmentIncome_lbl" xml:lang="en-US" id="id_12895287_2962192_2_1">Net income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NetRealizedUnrealizedGainsLossesOnDerivativeInvestmentIncome" xlink:to="mfc_NetRealizedUnrealizedGainsLossesOnDerivativeInvestmentIncome_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NetRealizedUnrealizedGainsLossesOnDerivativeOtherComprehensiveIncome" xlink:label="mfc_NetRealizedUnrealizedGainsLossesOnDerivativeOtherComprehensiveIncome"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NetRealizedUnrealizedGainsLossesOnDerivativeOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_12895287_2962193_3_1">Net realized unrealized gains losses on derivative other comprehensive income.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NetRealizedUnrealizedGainsLossesOnDerivativeOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_12895287_2962193_1_1">Net realized unrealized gains losses on derivative other comprehensive income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NetRealizedUnrealizedGainsLossesOnDerivativeOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_12895287_2962193_2_1">OCI</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NetRealizedUnrealizedGainsLossesOnDerivativeOtherComprehensiveIncome" xlink:to="mfc_NetRealizedUnrealizedGainsLossesOnDerivativeOtherComprehensiveIncome_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NetTransfersFromSegregatedFundsMember" xlink:label="mfc_NetTransfersFromSegregatedFundsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NetTransfersFromSegregatedFundsMember_lbl" xml:lang="en-US" id="id_12895287_2997618_3_1">The member stands for net transfers from segregated funds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NetTransfersFromSegregatedFundsMember_lbl" xml:lang="en-US" id="id_12895287_2997618_1_1">Net transfers from segregated funds [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NetTransfersFromSegregatedFundsMember_lbl" xml:lang="en-US" id="id_12895287_2997618_2_1">Net transfers from segregated funds [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NetTransfersFromSegregatedFundsMember" xlink:to="mfc_NetTransfersFromSegregatedFundsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:label="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_lbl" xml:lang="en-US" id="id_12895287_2938793_1_1">Non-adjusting events after reporting period [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_lbl" xml:lang="en-US" id="id_12895287_2938793_2_1">Non-adjusting events after reporting period [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:to="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NonadjustingEventsMember" xlink:label="ifrs-full_NonadjustingEventsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NonadjustingEventsMember_lbl" xml:lang="en-US" id="id_12895287_2938938_1_1">Non-adjusting events after reporting period [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NonadjustingEventsMember_lbl" xml:lang="en-US" id="id_12895287_2938938_2_1">Non-adjusting events after reporting period [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NonadjustingEventsMember" xlink:to="ifrs-full_NonadjustingEventsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncontrollingInterests" xlink:label="ifrs-full_NoncontrollingInterests"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncontrollingInterests_lbl" xml:lang="en-US" id="id_12895287_2938794_1_1">Non-controlling interests</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncontrollingInterests_lbl" xml:lang="en-US" id="id_12895287_2938794_2_1">Non-controlling interests</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncontrollingInterests" xlink:to="ifrs-full_NoncontrollingInterests_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncontrollingInterestsMember" xlink:label="ifrs-full_NoncontrollingInterestsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncontrollingInterestsMember_lbl" xml:lang="en-US" id="id_12895287_2937571_1_1">Non-controlling interests [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncontrollingInterestsMember_lbl" xml:lang="en-US" id="id_12895287_2937571_2_1">Non-controlling Interests [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncontrollingInterestsMember" xlink:to="ifrs-full_NoncontrollingInterestsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NoncyclicalConsumerMember" xlink:label="mfc_NoncyclicalConsumerMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NoncyclicalConsumerMember_lbl" xml:lang="en-US" id="id_12895287_2997678_3_1">Non-cyclical consumer.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NoncyclicalConsumerMember_lbl" xml:lang="en-US" id="id_12895287_2997678_1_1">Non-cyclical consumer [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NoncyclicalConsumerMember_lbl" xml:lang="en-US" id="id_12895287_2997678_2_1">Consumer (non-cyclical) [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NoncyclicalConsumerMember" xlink:to="mfc_NoncyclicalConsumerMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NonderivativeFinancialInstrumentMember" xlink:label="mfc_NonderivativeFinancialInstrumentMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NonderivativeFinancialInstrumentMember_lbl" xml:lang="en-US" id="id_12895287_2997797_3_1">Non-derivative financial instrument.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NonderivativeFinancialInstrumentMember_lbl" xml:lang="en-US" id="id_12895287_2997797_1_1">Non-derivative financial instrument [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NonderivativeFinancialInstrumentMember_lbl" xml:lang="en-US" id="id_12895287_2997797_2_1">Non-derivative financial instrument [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NonderivativeFinancialInstrumentMember" xlink:to="mfc_NonderivativeFinancialInstrumentMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NonDesignated1Member" xlink:label="mfc_NonDesignated1Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NonDesignated1Member_lbl" xml:lang="en-US" id="id_12895287_2996976_3_1">Non designated.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NonDesignated1Member_lbl" xml:lang="en-US" id="id_12895287_2996976_1_1">Non Designated 1 [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NonDesignated1Member_lbl" xml:lang="en-US" id="id_12895287_2996976_2_1">Non designated [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NonDesignated1Member" xlink:to="mfc_NonDesignated1Member_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NonFunctionalCurrencyDenominatedDebtMember" xlink:label="mfc_NonFunctionalCurrencyDenominatedDebtMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NonFunctionalCurrencyDenominatedDebtMember_lbl" xml:lang="en-US" id="id_12895287_2997820_3_1">Non functional currency denominated debt.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NonFunctionalCurrencyDenominatedDebtMember_lbl" xml:lang="en-US" id="id_12895287_2997820_1_1">Non functional currency denominated debt [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NonFunctionalCurrencyDenominatedDebtMember_lbl" xml:lang="en-US" id="id_12895287_2997820_2_1">Non-functional currency denominated debt [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NonFunctionalCurrencyDenominatedDebtMember" xlink:to="mfc_NonFunctionalCurrencyDenominatedDebtMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NonperformingMember" xlink:label="mfc_NonperformingMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NonperformingMember_lbl" xml:lang="en-US" id="id_12895287_2997702_3_1">Non-performing.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NonperformingMember_lbl" xml:lang="en-US" id="id_12895287_2997702_1_1">Non-performing [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NonperformingMember_lbl" xml:lang="en-US" id="id_12895287_2997702_2_1">Non-performing [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NonperformingMember" xlink:to="mfc_NonperformingMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NonRegisteredRetirementPlansInTrustMember" xlink:label="mfc_NonRegisteredRetirementPlansInTrustMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NonRegisteredRetirementPlansInTrustMember_lbl" xml:lang="en-US" id="id_12895287_2998227_3_1">Non registered retirement plans in trust.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NonRegisteredRetirementPlansInTrustMember_lbl" xml:lang="en-US" id="id_12895287_2998227_1_1">Non Registered Retirement Plans In Trust [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NonRegisteredRetirementPlansInTrustMember_lbl" xml:lang="en-US" id="id_12895287_2998227_2_1">Non-registered retirement plans in trust [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NonRegisteredRetirementPlansInTrustMember" xlink:to="mfc_NonRegisteredRetirementPlansInTrustMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NormalInForceMovementInInsuranceContracts" xlink:label="mfc_NormalInForceMovementInInsuranceContracts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NormalInForceMovementInInsuranceContracts_lbl" xml:lang="en-US" id="id_12895287_3030876_3_1">Change in insurance contract resulting from normal movement in force block.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NormalInForceMovementInInsuranceContracts_lbl" xml:lang="en-US" id="id_12895287_3030876_1_1">Normal in Force Movement in Insurance Contracts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NormalInForceMovementInInsuranceContracts_lbl" xml:lang="en-US" id="id_12895287_3030876_2_1">Normal in-forcemovement</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NormalInForceMovementInInsuranceContracts" xlink:to="mfc_NormalInForceMovementInInsuranceContracts_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NotesPayableToAffiliates" xlink:label="mfc_NotesPayableToAffiliates"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NotesPayableToAffiliates_lbl" xml:lang="en-US" id="id_12895287_2962641_3_1">Notes payable to affiliates.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NotesPayableToAffiliates_lbl" xml:lang="en-US" id="id_12895287_2962641_1_1">Notes payable to affiliates</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_NotesPayableToAffiliates_lbl" xml:lang="en-US" id="id_12895287_2962641_14_1">Notes payable to affiliates</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NotesPayableToAffiliates" xlink:to="mfc_NotesPayableToAffiliates_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NotesPayableToParentNet" xlink:label="mfc_NotesPayableToParentNet"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NotesPayableToParentNet_lbl" xml:lang="en-US" id="id_12895287_2946178_3_1">Notes payable to parent.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NotesPayableToParentNet_lbl" xml:lang="en-US" id="id_12895287_2946178_1_1">Notes Payable To Parent Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_NotesPayableToParentNet_lbl" xml:lang="en-US" id="id_12895287_2946178_14_1">Notes payable to parent</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NotesPayableToParentNet" xlink:to="mfc_NotesPayableToParentNet_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NotesPayableToSubsidiariesNet" xlink:label="mfc_NotesPayableToSubsidiariesNet"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NotesPayableToSubsidiariesNet_lbl" xml:lang="en-US" id="id_12895287_2962640_3_1">Notes payable to subsidiaries, net.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NotesPayableToSubsidiariesNet_lbl" xml:lang="en-US" id="id_12895287_2962640_1_1">Notes Payable to Subsidiaries Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_NotesPayableToSubsidiariesNet_lbl" xml:lang="en-US" id="id_12895287_2962640_14_1">Notes payable to subsidiaries</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NotesPayableToSubsidiariesNet" xlink:to="mfc_NotesPayableToSubsidiariesNet_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NotesReceivableFromParentNet" xlink:label="mfc_NotesReceivableFromParentNet"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NotesReceivableFromParentNet_lbl" xml:lang="en-US" id="id_12895287_2962636_3_1">Notes receivable from parent, net.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NotesReceivableFromParentNet_lbl" xml:lang="en-US" id="id_12895287_2962636_1_1">Notes Receivable from Parent Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NotesReceivableFromParentNet_lbl" xml:lang="en-US" id="id_12895287_2962636_2_1">Notes receivable from parent</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NotesReceivableFromParentNet" xlink:to="mfc_NotesReceivableFromParentNet_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NotesReceivableFromSubsidiariesNet" xlink:label="mfc_NotesReceivableFromSubsidiariesNet"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NotesReceivableFromSubsidiariesNet_lbl" xml:lang="en-US" id="id_12895287_2962637_3_1">Notes receivable from subsidiaries, net.</label>
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    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NotesReceivablesFromAffiliates" xlink:label="mfc_NotesReceivablesFromAffiliates"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NotesReceivablesFromAffiliates_lbl" xml:lang="en-US" id="id_12895287_2962635_3_1">Notes receivables from affiliates.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NotesReceivablesFromAffiliates_lbl" xml:lang="en-US" id="id_12895287_2962635_1_1">Notes receivables from affiliates</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NotesReceivablesFromAffiliates_lbl" xml:lang="en-US" id="id_12895287_2962635_2_1">Notes receivable from affiliates</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NotionalAmount" xlink:label="ifrs-full_NotionalAmount"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NotionalAmount_lbl" xml:lang="en-US" id="id_12895287_2938821_1_1">Notional amount</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="ifrs-full_NotionalAmount_lbl" xml:lang="en-US" id="id_12895287_2938821_32_1">Par value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel" xlink:label="ifrs-full_NotionalAmount_lbl" xml:lang="en-US" id="id_12895287_2938821_33_1">Remaining term to maturity (notional amounts)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NotionalAmount_lbl" xml:lang="en-US" id="id_12895287_2938821_2_1">Face amount</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NotionalAmount_lbl" xml:lang="en-US" id="id_12895287_2938821_12_1">Notional amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotionalAmount" xlink:to="ifrs-full_NotionalAmount_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NotLaterThanNinetyDaysMember" xlink:label="mfc_NotLaterThanNinetyDaysMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NotLaterThanNinetyDaysMember_lbl" xml:lang="en-US" id="id_12895287_2996974_3_1">Not later than ninety days.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NotLaterThanNinetyDaysMember_lbl" xml:lang="en-US" id="id_12895287_2996974_1_1">Not later than ninety days [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NotLaterThanNinetyDaysMember_lbl" xml:lang="en-US" id="id_12895287_2996974_2_1">Less than 90 days [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NotLaterThanNinetyDaysMember" xlink:to="mfc_NotLaterThanNinetyDaysMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NotLaterThanOneMonthMember" xlink:label="ifrs-full_NotLaterThanOneMonthMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NotLaterThanOneMonthMember_lbl" xml:lang="en-US" id="id_12895287_2938517_1_1">Not later than one month [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NotLaterThanOneMonthMember_lbl" xml:lang="en-US" id="id_12895287_2938517_2_1">Mature in 30 Days [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotLaterThanOneMonthMember" xlink:to="ifrs-full_NotLaterThanOneMonthMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NotLaterThanOneYearMember" xlink:label="ifrs-full_NotLaterThanOneYearMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NotLaterThanOneYearMember_lbl" xml:lang="en-US" id="id_12895287_2938967_1_1">Not later than one year [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NotLaterThanOneYearMember_lbl" xml:lang="en-US" id="id_12895287_2938967_2_1">Less than 1 year [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotLaterThanOneYearMember" xlink:to="ifrs-full_NotLaterThanOneYearMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NumberOfCommonSharesToBeReceivedOfPlanOnRetirementOrTermination" xlink:label="mfc_NumberOfCommonSharesToBeReceivedOfPlanOnRetirementOrTermination"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NumberOfCommonSharesToBeReceivedOfPlanOnRetirementOrTermination_lbl" xml:lang="en-US" id="id_12895287_2974404_3_1">Number of common shares to be received of plan on retirement or termination.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NumberOfCommonSharesToBeReceivedOfPlanOnRetirementOrTermination_lbl" xml:lang="en-US" id="id_12895287_2974404_1_1">Number of common shares to be received of plan on retirement or termination</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NumberOfCommonSharesToBeReceivedOfPlanOnRetirementOrTermination_lbl" xml:lang="en-US" id="id_12895287_2974404_2_1">Number of common shares to be received on retirement or termination</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NumberOfCommonSharesToBeReceivedOfPlanOnRetirementOrTermination" xlink:to="mfc_NumberOfCommonSharesToBeReceivedOfPlanOnRetirementOrTermination_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:label="ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted_lbl" xml:lang="en-US" id="id_12895287_2938825_1_1">Number of other equity instruments granted in share-based payment arrangement</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted_lbl" xml:lang="en-US" id="id_12895287_2938825_2_1">Number of equity granted</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:to="ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NumberOfOtherEquityInstrumentEntitleHolderToReceivePaymentInCashOrCommonShares" xlink:label="mfc_NumberOfOtherEquityInstrumentEntitleHolderToReceivePaymentInCashOrCommonShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NumberOfOtherEquityInstrumentEntitleHolderToReceivePaymentInCashOrCommonShares_lbl" xml:lang="en-US" id="id_12895287_2945691_3_1">Number of other equity instrument, entitle holder to receive payment in cash or common shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NumberOfOtherEquityInstrumentEntitleHolderToReceivePaymentInCashOrCommonShares_lbl" xml:lang="en-US" id="id_12895287_2945691_1_1">Number of other equity instrument, entitle holder to receive payment in cash or common shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NumberOfOtherEquityInstrumentEntitleHolderToReceivePaymentInCashOrCommonShares_lbl" xml:lang="en-US" id="id_12895287_2945691_2_1">Number of other equity entitle holder to receive payment in cash or common shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NumberOfOtherEquityInstrumentEntitleHolderToReceivePaymentInCashOrCommonShares" xlink:to="mfc_NumberOfOtherEquityInstrumentEntitleHolderToReceivePaymentInCashOrCommonShares_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NumberOfOtherEquityInstrumentsEntitleHolderToReceivePaymentInCash" xlink:label="mfc_NumberOfOtherEquityInstrumentsEntitleHolderToReceivePaymentInCash"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NumberOfOtherEquityInstrumentsEntitleHolderToReceivePaymentInCash_lbl" xml:lang="en-US" id="id_12895287_2945690_3_1">Number of other equity instruments, entitle holder to receive payment in cash</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NumberOfOtherEquityInstrumentsEntitleHolderToReceivePaymentInCash_lbl" xml:lang="en-US" id="id_12895287_2945690_1_1">Number of other equity instruments, entitle holder to receive payment in cash</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NumberOfOtherEquityInstrumentsEntitleHolderToReceivePaymentInCash_lbl" xml:lang="en-US" id="id_12895287_2945690_2_1">Number of other equity instruments entitle holder to receive payment in cash</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NumberOfOtherEquityInstrumentsEntitleHolderToReceivePaymentInCash" xlink:to="mfc_NumberOfOtherEquityInstrumentsEntitleHolderToReceivePaymentInCash_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement" xlink:label="ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2938828_1_1">Number of other equity instruments forfeited in share-based payment arrangement</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2938828_14_1">Forfeitures and cancellations</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement" xlink:to="ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NumberOfOtherEquityInstrumentsIssuedInSharebasedPaymentArrangement" xlink:label="mfc_NumberOfOtherEquityInstrumentsIssuedInSharebasedPaymentArrangement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NumberOfOtherEquityInstrumentsIssuedInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2945638_3_1">Number of other equity instruments issued in share-based payment arrangement.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NumberOfOtherEquityInstrumentsIssuedInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2945638_1_1">Number of other equity instruments issued in share-based payment arrangement</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NumberOfOtherEquityInstrumentsIssuedInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2945638_2_1">Fair value of equity issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="mfc_NumberOfOtherEquityInstrumentsIssuedInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2945638_12_1">Issued</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NumberOfOtherEquityInstrumentsIssuedInSharebasedPaymentArrangement" xlink:to="mfc_NumberOfOtherEquityInstrumentsIssuedInSharebasedPaymentArrangement_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xlink:label="ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2938829_1_1">Number of other equity instruments outstanding in share-based payment arrangement</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2938829_4_1">Ending balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2938829_5_1">Beginning balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2938829_2_1">Number of shares outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement" xlink:to="ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NumberOfOtherEquityInstrumentsRedeemedInSharebasedPaymentArrangement" xlink:label="mfc_NumberOfOtherEquityInstrumentsRedeemedInSharebasedPaymentArrangement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NumberOfOtherEquityInstrumentsRedeemedInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2945640_3_1">Number of other equity instruments redeemed in share-based payment arrangement.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NumberOfOtherEquityInstrumentsRedeemedInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2945640_1_1">Number of other equity instruments redeemed in share-based payment arrangement</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_NumberOfOtherEquityInstrumentsRedeemedInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2945640_14_1">Redeemed</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NumberOfOtherEquityInstrumentsRedeemedInSharebasedPaymentArrangement" xlink:to="mfc_NumberOfOtherEquityInstrumentsRedeemedInSharebasedPaymentArrangement_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NumberOfOtherEquityInstrumentsReinvestedInSharebasedPaymentArrangement" xlink:label="mfc_NumberOfOtherEquityInstrumentsReinvestedInSharebasedPaymentArrangement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NumberOfOtherEquityInstrumentsReinvestedInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2945639_3_1">Number of other equity instruments reinvested in share-based payment arrangement.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NumberOfOtherEquityInstrumentsReinvestedInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2945639_1_1">Number of other equity instruments reinvested in share-based payment arrangement</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NumberOfOtherEquityInstrumentsReinvestedInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2945639_2_1">Reinvested</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NumberOfOtherEquityInstrumentsReinvestedInSharebasedPaymentArrangement" xlink:to="mfc_NumberOfOtherEquityInstrumentsReinvestedInSharebasedPaymentArrangement_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NumberOfOutstandingShareOptions" xlink:label="ifrs-full_NumberOfOutstandingShareOptions"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfOutstandingShareOptions_lbl" xml:lang="en-US" id="id_12895287_2937602_1_1">Number of share options outstanding in share-based payment arrangement</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_NumberOfOutstandingShareOptions_lbl" xml:lang="en-US" id="id_12895287_2937602_5_1">Number of options, Beginning balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NumberOfOutstandingShareOptions_lbl" xml:lang="en-US" id="id_12895287_2937602_2_1">Number of options, Options outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfOutstandingShareOptions" xlink:to="ifrs-full_NumberOfOutstandingShareOptions_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement" xlink:label="ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2938519_1_1">Number of share options exercisable in share-based payment arrangement</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2938519_2_1">Number of options, Exercisable, Ending balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2938519_12_1">Number of options, Options exercisable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement" xlink:to="ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:label="ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2938830_1_1">Number of share options exercised in share-based payment arrangement</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2938830_14_1">Number of options, Exercised</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:to="ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement" xlink:label="ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2938970_1_1">Number of share options expired in share-based payment arrangement</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2938970_14_1">Number of options' Expired</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement" xlink:to="ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement" xlink:label="ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2938971_1_1">Number of share options forfeited in share-based payment arrangement</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2938971_14_1">Number of options' Forfeited</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement" xlink:to="ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:label="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2938831_1_1">Number of share options granted in share-based payment arrangement</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2938831_2_1">Number of options, Granted</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:to="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NumberOfShareOutstandingShareOptions" xlink:label="mfc_NumberOfShareOutstandingShareOptions"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NumberOfShareOutstandingShareOptions_lbl" xml:lang="en-US" id="id_12895287_2974787_3_1">Number of share outstanding share options.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NumberOfShareOutstandingShareOptions_lbl" xml:lang="en-US" id="id_12895287_2974787_1_1">Number of Share Outstanding Share Options</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="mfc_NumberOfShareOutstandingShareOptions_lbl" xml:lang="en-US" id="id_12895287_2974787_4_1">Number of options, Ending balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NumberOfShareOutstandingShareOptions" xlink:to="mfc_NumberOfShareOutstandingShareOptions_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NumberOfSharesConverted" xlink:label="mfc_NumberOfSharesConverted"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NumberOfSharesConverted_lbl" xml:lang="en-US" id="id_12895287_2974363_3_1">Number of shares converted.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NumberOfSharesConverted_lbl" xml:lang="en-US" id="id_12895287_2974363_1_1">Number of shares converted</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NumberOfSharesConverted_lbl" xml:lang="en-US" id="id_12895287_2974363_2_1">Number of shares, converted</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NumberOfSharesConverted" xlink:to="mfc_NumberOfSharesConverted_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_NumberOfSharesIssuedOnExerciseOfStockOptionsAndDeferredShareUnits" xlink:label="mfc_NumberOfSharesIssuedOnExerciseOfStockOptionsAndDeferredShareUnits"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_NumberOfSharesIssuedOnExerciseOfStockOptionsAndDeferredShareUnits_lbl" xml:lang="en-US" id="id_12895287_2974350_3_1">Number of shares issued on exercise of stock options and deferred share units.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_NumberOfSharesIssuedOnExerciseOfStockOptionsAndDeferredShareUnits_lbl" xml:lang="en-US" id="id_12895287_2974350_1_1">Number of shares issued on exercise of stock options and deferred share units</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_NumberOfSharesIssuedOnExerciseOfStockOptionsAndDeferredShareUnits_lbl" xml:lang="en-US" id="id_12895287_2974350_2_1">Issued on exercise of stock options and deferred share units</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_NumberOfSharesIssuedOnExerciseOfStockOptionsAndDeferredShareUnits" xlink:to="mfc_NumberOfSharesIssuedOnExerciseOfStockOptionsAndDeferredShareUnits_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NumberOfSharesOutstanding" xlink:label="ifrs-full_NumberOfSharesOutstanding"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfSharesOutstanding_lbl" xml:lang="en-US" id="id_12895287_2938521_1_1">Number of shares outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_NumberOfSharesOutstanding_lbl" xml:lang="en-US" id="id_12895287_2938521_4_1">Balance, end of year</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_NumberOfSharesOutstanding_lbl" xml:lang="en-US" id="id_12895287_2938521_5_1">Balance, beginning of year</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NumberOfSharesOutstanding_lbl" xml:lang="en-US" id="id_12895287_2938521_2_1">Number of shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfSharesOutstanding" xlink:to="ifrs-full_NumberOfSharesOutstanding_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OfficeMember" xlink:label="mfc_OfficeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OfficeMember_lbl" xml:lang="en-US" id="id_12895287_2997681_3_1">Office.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OfficeMember_lbl" xml:lang="en-US" id="id_12895287_2997681_1_1">Office [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OfficeMember_lbl" xml:lang="en-US" id="id_12895287_2997681_2_1">Office [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OfficeMember" xlink:to="mfc_OfficeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OilAndGasInvestmentsMember" xlink:label="mfc_OilAndGasInvestmentsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OilAndGasInvestmentsMember_lbl" xml:lang="en-US" id="id_12895287_2997894_3_1">Oil and gas investments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OilAndGasInvestmentsMember_lbl" xml:lang="en-US" id="id_12895287_2997894_1_1">Oil and gas investments [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OilAndGasInvestmentsMember_lbl" xml:lang="en-US" id="id_12895287_2997894_2_1">Oil and gas [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OilAndGasInvestmentsMember" xlink:to="mfc_OilAndGasInvestmentsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OntarioCanadaMember" xlink:label="mfc_OntarioCanadaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OntarioCanadaMember_lbl" xml:lang="en-US" id="id_12895287_2997664_3_1">Ontario Canada.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OntarioCanadaMember_lbl" xml:lang="en-US" id="id_12895287_2997664_1_1">Ontario Canada [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OntarioCanadaMember_lbl" xml:lang="en-US" id="id_12895287_2997664_2_1">Ontario Canada [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OntarioCanadaMember" xlink:to="mfc_OntarioCanadaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OperatingLossCarryforwards1" xlink:label="mfc_OperatingLossCarryforwards1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OperatingLossCarryforwards1_lbl" xml:lang="en-US" id="id_12895287_2947036_3_1">Operating loss carryforwards.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OperatingLossCarryforwards1_lbl" xml:lang="en-US" id="id_12895287_2947036_1_1">Operating loss carryforwards 1</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OperatingLossCarryforwards1_lbl" xml:lang="en-US" id="id_12895287_2947036_2_1">Operating tax loss carry forward</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OperatingLossCarryforwards1" xlink:to="mfc_OperatingLossCarryforwards1_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OperatingLossCarryforwardsWithExpiration" xlink:label="mfc_OperatingLossCarryforwardsWithExpiration"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OperatingLossCarryforwardsWithExpiration_lbl" xml:lang="en-US" id="id_12895287_2962125_3_1">Operating loss carryforwards with expiration.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OperatingLossCarryforwardsWithExpiration_lbl" xml:lang="en-US" id="id_12895287_2962125_1_1">Operating Loss Carryforwards With Expiration</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OperatingLossCarryforwardsWithExpiration_lbl" xml:lang="en-US" id="id_12895287_2962125_2_1">Operating tax loss carry forward expired in future</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OperatingLossCarryforwardsWithExpiration" xlink:to="mfc_OperatingLossCarryforwardsWithExpiration_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OperatingLossCarryforwardsWithoutExpiration" xlink:label="mfc_OperatingLossCarryforwardsWithoutExpiration"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OperatingLossCarryforwardsWithoutExpiration_lbl" xml:lang="en-US" id="id_12895287_2962126_3_1">Operating loss carryforwards with no expiration.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OperatingLossCarryforwardsWithoutExpiration_lbl" xml:lang="en-US" id="id_12895287_2962126_1_1">Operating Loss Carryforwards Without Expiration</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OperatingLossCarryforwardsWithoutExpiration_lbl" xml:lang="en-US" id="id_12895287_2962126_2_1">Operating tax loss carry forward without expiration date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OperatingLossCarryforwardsWithoutExpiration" xlink:to="mfc_OperatingLossCarryforwardsWithoutExpiration_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OperatingSegmentsMember" xlink:label="ifrs-full_OperatingSegmentsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OperatingSegmentsMember_lbl" xml:lang="en-US" id="id_12895287_2937610_1_1">Operating segments [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OperatingSegmentsMember_lbl" xml:lang="en-US" id="id_12895287_2937610_2_1">Operating segments [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OperatingSegmentsMember" xlink:to="ifrs-full_OperatingSegmentsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OptionContractMember" xlink:label="ifrs-full_OptionContractMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OptionContractMember_lbl" xml:lang="en-US" id="id_12895287_2937611_1_1">Option contract [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OptionContractMember_lbl" xml:lang="en-US" id="id_12895287_2937611_2_1">Options purchased [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OptionContractMember" xlink:to="ifrs-full_OptionContractMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OptionVestingPeriod" xlink:label="mfc_OptionVestingPeriod"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OptionVestingPeriod_lbl" xml:lang="en-US" id="id_12895287_2977908_3_1">Option vesting period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OptionVestingPeriod_lbl" xml:lang="en-US" id="id_12895287_2977908_1_1">Option Vesting Period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OptionVestingPeriod_lbl" xml:lang="en-US" id="id_12895287_2977908_2_1">Option vesting period</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OptionVestingPeriod" xlink:to="mfc_OptionVestingPeriod_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OrdinarySharesMember" xlink:label="ifrs-full_OrdinarySharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OrdinarySharesMember_lbl" xml:lang="en-US" id="id_12895287_2938526_1_1">Ordinary shares [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OrdinarySharesMember_lbl" xml:lang="en-US" id="id_12895287_2938526_2_1">Common shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OrdinarySharesMember" xlink:to="ifrs-full_OrdinarySharesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OTCSwapContractsMember" xlink:label="mfc_OTCSwapContractsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OTCSwapContractsMember_lbl" xml:lang="en-US" id="id_12895287_2997732_3_1">OTC swap contracts.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OTCSwapContractsMember_lbl" xml:lang="en-US" id="id_12895287_2997732_1_1">OTC swap contracts [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OTCSwapContractsMember_lbl" xml:lang="en-US" id="id_12895287_2997732_2_1">OTC swap contracts [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OTCSwapContractsMember" xlink:to="mfc_OTCSwapContractsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherAssets" xlink:label="ifrs-full_OtherAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherAssets_lbl" xml:lang="en-US" id="id_12895287_2938527_1_1">Other assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherAssets_lbl" xml:lang="en-US" id="id_12895287_2938527_2_1">Total other assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_OtherAssets_lbl" xml:lang="en-US" id="id_12895287_2938527_6_1">Total other assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherAssets" xlink:to="ifrs-full_OtherAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherAssets1Abstract" xlink:label="mfc_OtherAssets1Abstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherAssets1Abstract_lbl" xml:lang="en-US" id="id_12895287_2942622_3_1">Other assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherAssets1Abstract_lbl" xml:lang="en-US" id="id_12895287_2942622_1_1">Other Assets 1 [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OtherAssets1Abstract_lbl" xml:lang="en-US" id="id_12895287_2942622_2_1">Other assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherAssets1Abstract" xlink:to="mfc_OtherAssets1Abstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets" xlink:label="ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets_lbl" xml:lang="en-US" id="id_12895287_2937613_1_1">Other assets, amount contributed to fair value of plan assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets_lbl" xml:lang="en-US" id="id_12895287_2937613_2_1">Other investments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets" xlink:to="ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherAssetsAndLiabilitiesMember" xlink:label="mfc_OtherAssetsAndLiabilitiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherAssetsAndLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2998180_3_1">Other assets and liabilities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherAssetsAndLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2998180_1_1">Other assets and liabilities [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OtherAssetsAndLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2998180_2_1">Other [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherAssetsAndLiabilitiesMember" xlink:to="mfc_OtherAssetsAndLiabilitiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherAssetsAndLiabilitiesNetMember" xlink:label="mfc_OtherAssetsAndLiabilitiesNetMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherAssetsAndLiabilitiesNetMember_lbl" xml:lang="en-US" id="id_12895287_2999034_3_1">Other assets and liabilities, net.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherAssetsAndLiabilitiesNetMember_lbl" xml:lang="en-US" id="id_12895287_2999034_1_1">Other Assets and Liabilities Net [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OtherAssetsAndLiabilitiesNetMember_lbl" xml:lang="en-US" id="id_12895287_2999034_2_1">Other assets and liabilities, net [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherAssetsAndLiabilitiesNetMember" xlink:to="mfc_OtherAssetsAndLiabilitiesNetMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherAssetsExcludingReinsuranceAssets" xlink:label="mfc_OtherAssetsExcludingReinsuranceAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherAssetsExcludingReinsuranceAssets_lbl" xml:lang="en-US" id="id_12895287_2963206_3_1">Other assets excluding reinsurance assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherAssetsExcludingReinsuranceAssets_lbl" xml:lang="en-US" id="id_12895287_2963206_1_1">Other Assets Excluding Reinsurance Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OtherAssetsExcludingReinsuranceAssets_lbl" xml:lang="en-US" id="id_12895287_2963206_2_1">Other assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherAssetsExcludingReinsuranceAssets" xlink:to="mfc_OtherAssetsExcludingReinsuranceAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherAssetsMember" xlink:label="ifrs-full_OtherAssetsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2938528_1_1">Other assets [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2938528_2_1">Other [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherAssetsMember" xlink:to="ifrs-full_OtherAssetsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherCashAndShorttermSecuritiesMember" xlink:label="mfc_OtherCashAndShorttermSecuritiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherCashAndShorttermSecuritiesMember_lbl" xml:lang="en-US" id="id_12895287_2998126_3_1">Other cash and short-term securities [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherCashAndShorttermSecuritiesMember_lbl" xml:lang="en-US" id="id_12895287_2998126_1_1">Other cash and short-term securities [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OtherCashAndShorttermSecuritiesMember_lbl" xml:lang="en-US" id="id_12895287_2998126_2_1">Other cash and short-term securities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherCashAndShorttermSecuritiesMember" xlink:to="mfc_OtherCashAndShorttermSecuritiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherCommercialMortgagesMember" xlink:label="mfc_OtherCommercialMortgagesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherCommercialMortgagesMember_lbl" xml:lang="en-US" id="id_12895287_2997980_3_1">Other commercial mortgages.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherCommercialMortgagesMember_lbl" xml:lang="en-US" id="id_12895287_2997980_1_1">Other commercial mortgages [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OtherCommercialMortgagesMember_lbl" xml:lang="en-US" id="id_12895287_2997980_2_1">Other [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherCommercialMortgagesMember" xlink:to="mfc_OtherCommercialMortgagesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherComprehensiveIncome" xlink:label="ifrs-full_OtherComprehensiveIncome"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_12895287_2937615_1_1">Other comprehensive income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_OtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_12895287_2937615_6_1">Other comprehensive loss, net of tax</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncome" xlink:to="ifrs-full_OtherComprehensiveIncome_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherComprehensiveIncomeAbstract" xlink:label="ifrs-full_OtherComprehensiveIncomeAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeAbstract_lbl" xml:lang="en-US" id="id_12895287_2938839_1_1">Other comprehensive income [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeAbstract_lbl" xml:lang="en-US" id="id_12895287_2938839_2_1">Other comprehensive income (loss) ("OCI"), net of tax:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeAbstract" xlink:to="ifrs-full_OtherComprehensiveIncomeAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherComprehensiveIncomeAttributableToPolicyholders" xlink:label="mfc_OtherComprehensiveIncomeAttributableToPolicyholders"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherComprehensiveIncomeAttributableToPolicyholders_lbl" xml:lang="en-US" id="id_12895287_2962195_3_1">Other comprehensive income attributable to policyholders.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherComprehensiveIncomeAttributableToPolicyholders_lbl" xml:lang="en-US" id="id_12895287_2962195_1_1">Other comprehensive income attributable to policyholders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OtherComprehensiveIncomeAttributableToPolicyholders_lbl" xml:lang="en-US" id="id_12895287_2962195_2_1">Other comprehensive income attributed to policyholders</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherComprehensiveIncomeAttributableToPolicyholders" xlink:to="mfc_OtherComprehensiveIncomeAttributableToPolicyholders_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_lbl" xml:lang="en-US" id="id_12895287_2937632_1_1">Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit plans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_lbl" xml:lang="en-US" id="id_12895287_2937632_2_1">Change in actuarial gains (losses) on pension and other post-employment plans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_lbl" xml:lang="en-US" id="id_12895287_2937632_12_1">Change in pension and other post-employment plans</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:to="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluation" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluation"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluation_lbl" xml:lang="en-US" id="id_12895287_2938849_1_1">Other comprehensive income, net of tax, gains (losses) on revaluation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluation_lbl" xml:lang="en-US" id="id_12895287_2938849_2_1">Change in real estate revaluation reserve</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluation_lbl" xml:lang="en-US" id="id_12895287_2938849_12_1">Real estate revaluation reserve</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluation" xlink:to="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluation_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_lbl" xml:lang="en-US" id="id_12895287_2938994_1_1">Other comprehensive income that will be reclassified to profit or loss, net of tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_lbl" xml:lang="en-US" id="id_12895287_2938994_6_1">Total items that may be subsequently reclassified to net income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:to="ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossWithinTheNextTwelveMonthsnetOfTax" xlink:label="mfc_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossWithinTheNextTwelveMonthsnetOfTax"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossWithinTheNextTwelveMonthsnetOfTax_lbl" xml:lang="en-US" id="id_12895287_2958493_3_1">Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Within The next 12 monthsNet Of Tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossWithinTheNextTwelveMonthsnetOfTax_lbl" xml:lang="en-US" id="id_12895287_2958493_1_1">Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Within The next Twelve monthsNet Of Tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossWithinTheNextTwelveMonthsnetOfTax_lbl" xml:lang="en-US" id="id_12895287_2958493_2_1">Net loss that will be reclassified from AOCI to net income within next 12 months</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossWithinTheNextTwelveMonthsnetOfTax" xlink:to="mfc_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossWithinTheNextTwelveMonthsnetOfTax_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_lbl" xml:lang="en-US" id="id_12895287_2938850_1_1">Other comprehensive income that will not be reclassified to profit or loss, net of tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_lbl" xml:lang="en-US" id="id_12895287_2938850_6_1">Total items that will not be reclassified to net income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:to="ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherComprehensiveLossAttributableToNoncontrollingInterests" xlink:label="mfc_OtherComprehensiveLossAttributableToNoncontrollingInterests"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherComprehensiveLossAttributableToNoncontrollingInterests_lbl" xml:lang="en-US" id="id_12895287_2962196_3_1">Other comprehensive loss attributable to noncontrolling interests.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherComprehensiveLossAttributableToNoncontrollingInterests_lbl" xml:lang="en-US" id="id_12895287_2962196_1_1">Other comprehensive loss attributable to noncontrolling interests</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_OtherComprehensiveLossAttributableToNoncontrollingInterests_lbl" xml:lang="en-US" id="id_12895287_2962196_14_1">Other comprehensive loss attributed to non-controlling interests</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherComprehensiveLossAttributableToNoncontrollingInterests" xlink:to="mfc_OtherComprehensiveLossAttributableToNoncontrollingInterests_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherCountriesMember" xlink:label="mfc_OtherCountriesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherCountriesMember_lbl" xml:lang="en-US" id="id_12895287_3012149_3_1">Other countries.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherCountriesMember_lbl" xml:lang="en-US" id="id_12895287_3012149_1_1">Other Countries [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OtherCountriesMember_lbl" xml:lang="en-US" id="id_12895287_3012149_2_1">Other [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherCountriesMember" xlink:to="mfc_OtherCountriesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherDifferencesToCashAndCashEquivalentsInStatementOfCashFlows" xlink:label="ifrs-full_OtherDifferencesToCashAndCashEquivalentsInStatementOfCashFlows"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherDifferencesToCashAndCashEquivalentsInStatementOfCashFlows_lbl" xml:lang="en-US" id="id_12895287_2938998_1_1">Other differences to cash and cash equivalents in statement of cash flows</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:label="ifrs-full_OtherDifferencesToCashAndCashEquivalentsInStatementOfCashFlows_lbl" xml:lang="en-US" id="id_12895287_2938998_16_1">Net payments in transit, included in other liabilities, end of year</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:label="ifrs-full_OtherDifferencesToCashAndCashEquivalentsInStatementOfCashFlows_lbl" xml:lang="en-US" id="id_12895287_2938998_17_1">Net payments in transit, included in other liabilities, beginning of year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherDifferencesToCashAndCashEquivalentsInStatementOfCashFlows" xlink:to="ifrs-full_OtherDifferencesToCashAndCashEquivalentsInStatementOfCashFlows_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherEquityInstrumentVestingPeriod" xlink:label="mfc_OtherEquityInstrumentVestingPeriod"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherEquityInstrumentVestingPeriod_lbl" xml:lang="en-US" id="id_12895287_2977552_3_1">Other equity instrument vesting period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherEquityInstrumentVestingPeriod_lbl" xml:lang="en-US" id="id_12895287_2977552_1_1">Other Equity Instrument Vesting Period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OtherEquityInstrumentVestingPeriod_lbl" xml:lang="en-US" id="id_12895287_2977552_2_1">Vesting period</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherEquityInstrumentVestingPeriod" xlink:to="mfc_OtherEquityInstrumentVestingPeriod_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherEquitySecuritiesMember" xlink:label="ifrs-full_OtherEquitySecuritiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherEquitySecuritiesMember_lbl" xml:lang="en-US" id="id_12895287_2939002_1_1">Other equity securities [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherEquitySecuritiesMember_lbl" xml:lang="en-US" id="id_12895287_2939002_2_1">Other [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherEquitySecuritiesMember" xlink:to="ifrs-full_OtherEquitySecuritiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherExpenseByFunction" xlink:label="ifrs-full_OtherExpenseByFunction"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherExpenseByFunction_lbl" xml:lang="en-US" id="id_12895287_2938856_1_1">Other expense, by function</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherExpenseByFunction_lbl" xml:lang="en-US" id="id_12895287_2938856_2_1">Other expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherExpenseByFunction" xlink:to="ifrs-full_OtherExpenseByFunction_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherExpenseByNature" xlink:label="ifrs-full_OtherExpenseByNature"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherExpenseByNature_lbl" xml:lang="en-US" id="id_12895287_2938539_1_1">Other expenses, by nature</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherExpenseByNature_lbl" xml:lang="en-US" id="id_12895287_2938539_2_1">Other expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherExpenseByNature" xlink:to="ifrs-full_OtherExpenseByNature_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherFinancialAssetMember" xlink:label="mfc_OtherFinancialAssetMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherFinancialAssetMember_lbl" xml:lang="en-US" id="id_12895287_2995339_3_1">Other financial asset.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherFinancialAssetMember_lbl" xml:lang="en-US" id="id_12895287_2995339_1_1">Other financial asset [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OtherFinancialAssetMember_lbl" xml:lang="en-US" id="id_12895287_2995339_2_1">Other financial assets [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherFinancialAssetMember" xlink:to="mfc_OtherFinancialAssetMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherFinancialLiabilities" xlink:label="ifrs-full_OtherFinancialLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherFinancialLiabilities_lbl" xml:lang="en-US" id="id_12895287_2937641_1_1">Other financial liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherFinancialLiabilities_lbl" xml:lang="en-US" id="id_12895287_2937641_2_1">Other liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherFinancialLiabilities" xlink:to="ifrs-full_OtherFinancialLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherFixedInterestRateInvestmentsMember" xlink:label="mfc_OtherFixedInterestRateInvestmentsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherFixedInterestRateInvestmentsMember_lbl" xml:lang="en-US" id="id_12895287_2999260_3_1">Other fixed interest rate investments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherFixedInterestRateInvestmentsMember_lbl" xml:lang="en-US" id="id_12895287_2999260_1_1">Other Fixed Interest Rate Investments [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OtherFixedInterestRateInvestmentsMember_lbl" xml:lang="en-US" id="id_12895287_2999260_2_1">Other fixed interest rate investments [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherFixedInterestRateInvestmentsMember" xlink:to="mfc_OtherFixedInterestRateInvestmentsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherGovernmentAndAgencyMember" xlink:label="mfc_OtherGovernmentAndAgencyMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherGovernmentAndAgencyMember_lbl" xml:lang="en-US" id="id_12895287_2996957_3_1">Other government and agency.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherGovernmentAndAgencyMember_lbl" xml:lang="en-US" id="id_12895287_2996957_1_1">Other government and agency [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OtherGovernmentAndAgencyMember_lbl" xml:lang="en-US" id="id_12895287_2996957_2_1">Other government and agency [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherGovernmentAndAgencyMember" xlink:to="mfc_OtherGovernmentAndAgencyMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherInsuranceContractLiabilitiesMember" xlink:label="mfc_OtherInsuranceContractLiabilitiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherInsuranceContractLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2996972_3_1">Other insurance contract liabilities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherInsuranceContractLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2996972_1_1">Other insurance contract liabilities [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OtherInsuranceContractLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2996972_2_1">Other insurance contract liabilities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherInsuranceContractLiabilitiesMember" xlink:to="mfc_OtherInsuranceContractLiabilitiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherIntangibleAssetsMember" xlink:label="ifrs-full_OtherIntangibleAssetsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherIntangibleAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2938544_1_1">Other intangible assets [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherIntangibleAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2938544_2_1">Other [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherIntangibleAssetsMember" xlink:to="ifrs-full_OtherIntangibleAssetsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherInvestedAssets" xlink:label="mfc_OtherInvestedAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherInvestedAssets_lbl" xml:lang="en-US" id="id_12895287_2959819_3_1">Other invested assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherInvestedAssets_lbl" xml:lang="en-US" id="id_12895287_2959819_1_1">Other Invested Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OtherInvestedAssets_lbl" xml:lang="en-US" id="id_12895287_2959819_2_1">Other invested assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherInvestedAssets" xlink:to="mfc_OtherInvestedAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherInvestedAssetsFairValueDiscountRate" xlink:label="mfc_OtherInvestedAssetsFairValueDiscountRate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherInvestedAssetsFairValueDiscountRate_lbl" xml:lang="en-US" id="id_12895287_3022534_3_1">Other invested assets fair value discount rate.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherInvestedAssetsFairValueDiscountRate_lbl" xml:lang="en-US" id="id_12895287_3022534_1_1">Other invested assets fair value discount rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OtherInvestedAssetsFairValueDiscountRate_lbl" xml:lang="en-US" id="id_12895287_3022534_2_1">Other invested assets fair value discount rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherInvestedAssetsFairValueDiscountRate" xlink:to="mfc_OtherInvestedAssetsFairValueDiscountRate_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherInvestedAssetsLeveragedLeases" xlink:label="mfc_OtherInvestedAssetsLeveragedLeases"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherInvestedAssetsLeveragedLeases_lbl" xml:lang="en-US" id="id_12895287_2962131_3_1">Other invested assets leveraged leases.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherInvestedAssetsLeveragedLeases_lbl" xml:lang="en-US" id="id_12895287_2962131_1_1">Other invested assets leveraged leases</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OtherInvestedAssetsLeveragedLeases_lbl" xml:lang="en-US" id="id_12895287_2962131_2_1">Other invested assets leveraged leases</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherInvestedAssetsLeveragedLeases" xlink:to="mfc_OtherInvestedAssetsLeveragedLeases_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherInvestedAssetsMember" xlink:label="mfc_OtherInvestedAssetsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherInvestedAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2996969_3_1">Other invested assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherInvestedAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2996969_1_1">Other invested assets [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OtherInvestedAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2996969_2_1">Other invested assets [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherInvestedAssetsMember" xlink:to="mfc_OtherInvestedAssetsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherInvestmentIncomeMember" xlink:label="mfc_OtherInvestmentIncomeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherInvestmentIncomeMember_lbl" xml:lang="en-US" id="id_12895287_2997873_3_1">Other investment income.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherInvestmentIncomeMember_lbl" xml:lang="en-US" id="id_12895287_2997873_1_1">Other investment Income [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OtherInvestmentIncomeMember_lbl" xml:lang="en-US" id="id_12895287_2997873_2_1">Other [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherInvestmentIncomeMember" xlink:to="mfc_OtherInvestmentIncomeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherInvestmentsInSegregatedFundsMember" xlink:label="mfc_OtherInvestmentsInSegregatedFundsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherInvestmentsInSegregatedFundsMember_lbl" xml:lang="en-US" id="id_12895287_2998177_3_1">Other investments in segregated funds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherInvestmentsInSegregatedFundsMember_lbl" xml:lang="en-US" id="id_12895287_2998177_1_1">Other Investments in Segregated Funds [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OtherInvestmentsInSegregatedFundsMember_lbl" xml:lang="en-US" id="id_12895287_2998177_2_1">Other investments [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherInvestmentsInSegregatedFundsMember" xlink:to="mfc_OtherInvestmentsInSegregatedFundsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherInvestmentsMember" xlink:label="us-gaap_OtherInvestmentsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherInvestmentsMember_lbl" xml:lang="en-US" id="id_12895287_2928082_1_1">Other Investments [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherInvestmentsMember_lbl" xml:lang="en-US" id="id_12895287_2928082_2_1">Other investments [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherInvestmentsMember" xlink:to="us-gaap_OtherInvestmentsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherLapsesAndPolicyholderBehaviourMember" xlink:label="mfc_OtherLapsesAndPolicyholderBehaviourMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherLapsesAndPolicyholderBehaviourMember_lbl" xml:lang="en-US" id="id_12895287_2997557_3_1">The member stands for other lapses and policyholder behaviour.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherLapsesAndPolicyholderBehaviourMember_lbl" xml:lang="en-US" id="id_12895287_2997557_1_1">Other lapses and policyholder behaviour [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OtherLapsesAndPolicyholderBehaviourMember_lbl" xml:lang="en-US" id="id_12895287_2997557_2_1">Other lapses and policyholder behaviour [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherLapsesAndPolicyholderBehaviourMember" xlink:to="mfc_OtherLapsesAndPolicyholderBehaviourMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherLiabilities" xlink:label="ifrs-full_OtherLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherLiabilities_lbl" xml:lang="en-US" id="id_12895287_2938860_1_1">Other liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherLiabilities_lbl" xml:lang="en-US" id="id_12895287_2938860_2_1">Total other liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherLiabilities" xlink:to="ifrs-full_OtherLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherLiabilitiesMember" xlink:label="us-gaap_OtherLiabilitiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2928537_1_1">Other Liabilities [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2928537_2_1">Other liabilities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherLiabilitiesMember" xlink:to="us-gaap_OtherLiabilitiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherNoncurrentFinancialLiabilities" xlink:label="ifrs-full_OtherNoncurrentFinancialLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherNoncurrentFinancialLiabilities_lbl" xml:lang="en-US" id="id_12895287_2939011_1_1">Other non-current financial liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherNoncurrentFinancialLiabilities_lbl" xml:lang="en-US" id="id_12895287_2939011_2_1">Other liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherNoncurrentFinancialLiabilities" xlink:to="ifrs-full_OtherNoncurrentFinancialLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherNotesPayableMember" xlink:label="mfc_OtherNotesPayableMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherNotesPayableMember_lbl" xml:lang="en-US" id="id_12895287_2998027_3_1">Other notes payable.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherNotesPayableMember_lbl" xml:lang="en-US" id="id_12895287_2998027_1_1">Other Notes Payable [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OtherNotesPayableMember_lbl" xml:lang="en-US" id="id_12895287_2998027_2_1">Other notes payable [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherNotesPayableMember" xlink:to="mfc_OtherNotesPayableMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherPledgeMember" xlink:label="mfc_OtherPledgeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherPledgeMember_lbl" xml:lang="en-US" id="id_12895287_2998417_3_1">Other pledge.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherPledgeMember_lbl" xml:lang="en-US" id="id_12895287_2998417_1_1">Other Pledge [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OtherPledgeMember_lbl" xml:lang="en-US" id="id_12895287_2998417_2_1">Other [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherPledgeMember" xlink:to="mfc_OtherPledgeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherProvisionsMember" xlink:label="ifrs-full_OtherProvisionsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherProvisionsMember_lbl" xml:lang="en-US" id="id_12895287_2939014_1_1">Other provisions [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherProvisionsMember_lbl" xml:lang="en-US" id="id_12895287_2939014_2_1">Other provisions [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherProvisionsMember" xlink:to="ifrs-full_OtherProvisionsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherReservesAbstract" xlink:label="ifrs-full_OtherReservesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherReservesAbstract_lbl" xml:lang="en-US" id="id_12895287_2939015_1_1">Other reserves [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherReservesAbstract_lbl" xml:lang="en-US" id="id_12895287_2939015_2_1">Shareholders' accumulated other comprehensive income (loss):</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherReservesAbstract" xlink:to="ifrs-full_OtherReservesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherRevenue" xlink:label="ifrs-full_OtherRevenue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherRevenue_lbl" xml:lang="en-US" id="id_12895287_2938869_1_1">Other revenue</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherRevenue_lbl" xml:lang="en-US" id="id_12895287_2938869_2_1">Net other revenue</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherRevenue_lbl" xml:lang="en-US" id="id_12895287_2938869_12_1">Other revenue</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherRevenue" xlink:to="ifrs-full_OtherRevenue_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherSecuritizedAssetsMember" xlink:label="mfc_OtherSecuritizedAssetsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherSecuritizedAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2998144_3_1">Other securitized assets [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherSecuritizedAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2998144_1_1">Other securitized assets [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OtherSecuritizedAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2998144_2_1">Other securitized assets [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherSecuritizedAssetsMember" xlink:to="mfc_OtherSecuritizedAssetsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherSubsidiariesMember" xlink:label="mfc_OtherSubsidiariesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherSubsidiariesMember_lbl" xml:lang="en-US" id="id_12895287_3012207_3_1">Other subsidiaries.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherSubsidiariesMember_lbl" xml:lang="en-US" id="id_12895287_3012207_1_1">Other Subsidiaries [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OtherSubsidiariesMember_lbl" xml:lang="en-US" id="id_12895287_3012207_2_1">Other subsidiaries</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherSubsidiariesMember" xlink:to="mfc_OtherSubsidiariesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherSubsidiariesOnCombinedBasisMember" xlink:label="mfc_OtherSubsidiariesOnCombinedBasisMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherSubsidiariesOnCombinedBasisMember_lbl" xml:lang="en-US" id="id_12895287_2999162_3_1">Other subsidiaries on a combined basis.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherSubsidiariesOnCombinedBasisMember_lbl" xml:lang="en-US" id="id_12895287_2999162_1_1">Other Subsidiaries on Combined Basis [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OtherSubsidiariesOnCombinedBasisMember_lbl" xml:lang="en-US" id="id_12895287_2999162_2_1">Other subsidiaries of MFC on a combined basis [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherSubsidiariesOnCombinedBasisMember" xlink:to="mfc_OtherSubsidiariesOnCombinedBasisMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" xlink:label="ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_lbl" xml:lang="en-US" id="id_12895287_2937652_1_1">Other tax effects for reconciliation between accounting profit and tax expense (income)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_lbl" xml:lang="en-US" id="id_12895287_2937652_2_1">Other differences</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" xlink:to="ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OtherUpdatesMember" xlink:label="mfc_OtherUpdatesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OtherUpdatesMember_lbl" xml:lang="en-US" id="id_12895287_2997639_3_1">The member stands for other updates.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OtherUpdatesMember_lbl" xml:lang="en-US" id="id_12895287_2997639_1_1">Other updates [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OtherUpdatesMember_lbl" xml:lang="en-US" id="id_12895287_2997639_2_1">Other updates [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OtherUpdatesMember" xlink:to="mfc_OtherUpdatesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OutstandingPremiums" xlink:label="mfc_OutstandingPremiums"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OutstandingPremiums_lbl" xml:lang="en-US" id="id_12895287_2959293_3_1">Outstanding Premiums</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OutstandingPremiums_lbl" xml:lang="en-US" id="id_12895287_2959293_1_1">Outstanding Premiums</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OutstandingPremiums_lbl" xml:lang="en-US" id="id_12895287_2959293_2_1">Outstanding premiums</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OutstandingPremiums" xlink:to="mfc_OutstandingPremiums_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OverCollateralizedOnOverTheCounterDerivativeAssets" xlink:label="mfc_OverCollateralizedOnOverTheCounterDerivativeAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OverCollateralizedOnOverTheCounterDerivativeAssets_lbl" xml:lang="en-US" id="id_12895287_2962118_3_1">Over collateralized on over the counter derivative assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OverCollateralizedOnOverTheCounterDerivativeAssets_lbl" xml:lang="en-US" id="id_12895287_2962118_1_1">Over collateralized on over the counter derivative assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OverCollateralizedOnOverTheCounterDerivativeAssets_lbl" xml:lang="en-US" id="id_12895287_2962118_2_1">Over-collateralized on OTC derivative assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OverCollateralizedOnOverTheCounterDerivativeAssets" xlink:to="mfc_OverCollateralizedOnOverTheCounterDerivativeAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OverCollateralizedOnOverTheCounterDerivativeLiabilities" xlink:label="mfc_OverCollateralizedOnOverTheCounterDerivativeLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OverCollateralizedOnOverTheCounterDerivativeLiabilities_lbl" xml:lang="en-US" id="id_12895287_2962119_3_1">Over collateralized on over the counter derivative liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OverCollateralizedOnOverTheCounterDerivativeLiabilities_lbl" xml:lang="en-US" id="id_12895287_2962119_1_1">Over collateralized on over the counter derivative liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OverCollateralizedOnOverTheCounterDerivativeLiabilities_lbl" xml:lang="en-US" id="id_12895287_2962119_2_1">Over-collateralized on OTC derivative liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OverCollateralizedOnOverTheCounterDerivativeLiabilities" xlink:to="mfc_OverCollateralizedOnOverTheCounterDerivativeLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OverCollateralizedOnRepurchaseAgreements" xlink:label="mfc_OverCollateralizedOnRepurchaseAgreements"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OverCollateralizedOnRepurchaseAgreements_lbl" xml:lang="en-US" id="id_12895287_2962122_3_1">Over collateralized on repurchase agreements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OverCollateralizedOnRepurchaseAgreements_lbl" xml:lang="en-US" id="id_12895287_2962122_1_1">Over collateralized on repurchase agreements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OverCollateralizedOnRepurchaseAgreements_lbl" xml:lang="en-US" id="id_12895287_2962122_2_1">Over-collateralized on repurchase agreements</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OverCollateralizedOnRepurchaseAgreements" xlink:to="mfc_OverCollateralizedOnRepurchaseAgreements_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_OverCollateralizedOnSecuritiesLendingAndReversePurchaseAgreements" xlink:label="mfc_OverCollateralizedOnSecuritiesLendingAndReversePurchaseAgreements"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_OverCollateralizedOnSecuritiesLendingAndReversePurchaseAgreements_lbl" xml:lang="en-US" id="id_12895287_2962120_3_1">Over collateralized on securities lending and reverse purchase agreements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_OverCollateralizedOnSecuritiesLendingAndReversePurchaseAgreements_lbl" xml:lang="en-US" id="id_12895287_2962120_1_1">Over collateralized on securities lending and reverse purchase agreements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_OverCollateralizedOnSecuritiesLendingAndReversePurchaseAgreements_lbl" xml:lang="en-US" id="id_12895287_2962120_2_1">Over-collateralized on securities lending and reverse purchase agreements</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_OverCollateralizedOnSecuritiesLendingAndReversePurchaseAgreements" xlink:to="mfc_OverCollateralizedOnSecuritiesLendingAndReversePurchaseAgreements_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ParticipatingPolicyholdersEquity" xlink:label="mfc_ParticipatingPolicyholdersEquity"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ParticipatingPolicyholdersEquity_lbl" xml:lang="en-US" id="id_12895287_2959279_3_1">Participating policyholders equity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ParticipatingPolicyholdersEquity_lbl" xml:lang="en-US" id="id_12895287_2959279_1_1">Participating Policyholders Equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ParticipatingPolicyholdersEquity_lbl" xml:lang="en-US" id="id_12895287_2959279_2_1">Participating policyholders' equity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ParticipatingPolicyholdersEquity" xlink:to="mfc_ParticipatingPolicyholdersEquity_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ParticipatingPolicyholdersEquityMember" xlink:label="mfc_ParticipatingPolicyholdersEquityMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ParticipatingPolicyholdersEquityMember_lbl" xml:lang="en-US" id="id_12895287_2995123_3_1">Participating policyholders equity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ParticipatingPolicyholdersEquityMember_lbl" xml:lang="en-US" id="id_12895287_2995123_1_1">Participating Policyholders Equity [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ParticipatingPolicyholdersEquityMember_lbl" xml:lang="en-US" id="id_12895287_2995123_2_1">Participating Policyholders' Equity [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ParticipatingPolicyholdersEquityMember" xlink:to="mfc_ParticipatingPolicyholdersEquityMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ParValuePerShare" xlink:label="ifrs-full_ParValuePerShare"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ParValuePerShare_lbl" xml:lang="en-US" id="id_12895287_2938872_1_1">Par value per share</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ParValuePerShare_lbl" xml:lang="en-US" id="id_12895287_2938872_2_1">Price per share</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ParValuePerShare" xlink:to="ifrs-full_ParValuePerShare_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PastDueStatusAxis" xlink:label="ifrs-full_PastDueStatusAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PastDueStatusAxis_lbl" xml:lang="en-US" id="id_12895287_2938873_1_1">Past due status [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PastDueStatusAxis_lbl" xml:lang="en-US" id="id_12895287_2938873_2_1">Past due status [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PastDueStatusAxis" xlink:to="ifrs-full_PastDueStatusAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PastDueStatusMember" xlink:label="ifrs-full_PastDueStatusMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PastDueStatusMember_lbl" xml:lang="en-US" id="id_12895287_2939022_1_1">Past due status [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PastDueStatusMember_lbl" xml:lang="en-US" id="id_12895287_2939022_2_1">Past due status [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PastDueStatusMember" xlink:to="ifrs-full_PastDueStatusMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PastServiceCostAndGainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_PastServiceCostAndGainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PastServiceCostAndGainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2939023_1_1">Past service cost and gains (losses) arising from settlements, net defined benefit liability (asset)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="ifrs-full_PastServiceCostAndGainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2939023_19_1">Service cost</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PastServiceCostAndGainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_PastServiceCostAndGainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2938559_1_1">Past service cost, net defined benefit liability (asset)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2938559_2_1">Past service cost</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2938559_12_1">Past service cost amendments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2938559_14_1">Past service cost - plan amendments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2938875_1_1">Payments from plan, net defined benefit liability (asset)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2938875_14_1">Benefits paid</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PensionPlansMember" xlink:label="mfc_PensionPlansMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PensionPlansMember_lbl" xml:lang="en-US" id="id_12895287_2998171_3_1">Pension plans.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PensionPlansMember_lbl" xml:lang="en-US" id="id_12895287_2998171_1_1">Pension Plans [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PensionPlansMember_lbl" xml:lang="en-US" id="id_12895287_2998171_2_1">Pension plans [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PensionPlansMember" xlink:to="mfc_PensionPlansMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PensionsAndPostemploymentBenefitsMember" xlink:label="mfc_PensionsAndPostemploymentBenefitsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PensionsAndPostemploymentBenefitsMember_lbl" xml:lang="en-US" id="id_12895287_2997865_3_1">Pensions and post-employment benefits.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PensionsAndPostemploymentBenefitsMember_lbl" xml:lang="en-US" id="id_12895287_2997865_1_1">Pensions and post-employment benefits [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PensionsAndPostemploymentBenefitsMember_lbl" xml:lang="en-US" id="id_12895287_2997865_2_1">Pensions and post-employment benefits [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PensionsAndPostemploymentBenefitsMember" xlink:to="mfc_PensionsAndPostemploymentBenefitsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PercentageCededToReinsurers" xlink:label="mfc_PercentageCededToReinsurers"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PercentageCededToReinsurers_lbl" xml:lang="en-US" id="id_12895287_3022550_3_1">Percentage ceded to reinsurers.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PercentageCededToReinsurers_lbl" xml:lang="en-US" id="id_12895287_3022550_1_1">Percentage ceded to reinsurers</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PercentageCededToReinsurers_lbl" xml:lang="en-US" id="id_12895287_3022550_2_1">Percentage ceded to reinsurers</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PercentageCededToReinsurers" xlink:to="mfc_PercentageCededToReinsurers_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PercentageOfChangesInMarketValuesOfPubliclyTradedEquities" xlink:label="mfc_PercentageOfChangesInMarketValuesOfPubliclyTradedEquities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PercentageOfChangesInMarketValuesOfPubliclyTradedEquities_lbl" xml:lang="en-US" id="id_12895287_3022803_3_1">Percentage of changes in market values of publicly traded equities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PercentageOfChangesInMarketValuesOfPubliclyTradedEquities_lbl" xml:lang="en-US" id="id_12895287_3022803_1_1">Percentage Of Changes In Market Values Of Publicly Traded Equities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PercentageOfChangesInMarketValuesOfPubliclyTradedEquities_lbl" xml:lang="en-US" id="id_12895287_3022803_2_1">Percentage of changes in market values of publicly traded equities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="mfc_PercentageOfChangesInMarketValuesOfPubliclyTradedEquities_lbl" xml:lang="en-US" id="id_12895287_3022803_12_1">Percentage of expected changes in market values of publicly traded equities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PercentageOfChangesInMarketValuesOfPubliclyTradedEquities" xlink:to="mfc_PercentageOfChangesInMarketValuesOfPubliclyTradedEquities_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PercentageOfInvestmentsInAssociates" xlink:label="mfc_PercentageOfInvestmentsInAssociates"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PercentageOfInvestmentsInAssociates_lbl" xml:lang="en-US" id="id_12895287_3021944_3_1">Percentage of investments in associates carrying value.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PercentageOfInvestmentsInAssociates_lbl" xml:lang="en-US" id="id_12895287_3021944_1_1">Percentage of Investments in Associates</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PercentageOfInvestmentsInAssociates_lbl" xml:lang="en-US" id="id_12895287_3021944_2_1">Percentage of investments in associates carrying value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PercentageOfInvestmentsInAssociates" xlink:to="mfc_PercentageOfInvestmentsInAssociates_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PercentageOfMortgagePortfolio" xlink:label="mfc_PercentageOfMortgagePortfolio"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PercentageOfMortgagePortfolio_lbl" xml:lang="en-US" id="id_12895287_3022025_3_1">Total mortgage portfolio percentage.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PercentageOfMortgagePortfolio_lbl" xml:lang="en-US" id="id_12895287_3022025_1_1">Percentage Of Mortgage Portfolio</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PercentageOfMortgagePortfolio_lbl" xml:lang="en-US" id="id_12895287_3022025_2_1">Percentage of total mortgage portfolio</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PercentageOfMortgagePortfolio" xlink:to="mfc_PercentageOfMortgagePortfolio_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PercentageOfPlanAssetsNotQuotedInActiveMarkets" xlink:label="mfc_PercentageOfPlanAssetsNotQuotedInActiveMarkets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PercentageOfPlanAssetsNotQuotedInActiveMarkets_lbl" xml:lang="en-US" id="id_12895287_3022799_3_1">Percentage of plan assets not quoted in active markets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PercentageOfPlanAssetsNotQuotedInActiveMarkets_lbl" xml:lang="en-US" id="id_12895287_3022799_1_1">Percentage of plan assets not quoted in active markets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PercentageOfPlanAssetsNotQuotedInActiveMarkets_lbl" xml:lang="en-US" id="id_12895287_3022799_2_1">Percentage of plan assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PercentageOfPlanAssetsNotQuotedInActiveMarkets" xlink:to="mfc_PercentageOfPlanAssetsNotQuotedInActiveMarkets_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PercentageOfPremiumIncreasesDueToChangesInActuarialAssumptions" xlink:label="mfc_PercentageOfPremiumIncreasesDueToChangesInActuarialAssumptions"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PercentageOfPremiumIncreasesDueToChangesInActuarialAssumptions_lbl" xml:lang="en-US" id="id_12895287_3022801_3_1">Percentage of premium increases due to changes in actuarial assumptions.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PercentageOfPremiumIncreasesDueToChangesInActuarialAssumptions_lbl" xml:lang="en-US" id="id_12895287_3022801_1_1">Percentage Of Premium Increases Due To Changes In Actuarial Assumptions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PercentageOfPremiumIncreasesDueToChangesInActuarialAssumptions_lbl" xml:lang="en-US" id="id_12895287_3022801_2_1">Percentage of premium increase due to changes in actuarial assumptions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PercentageOfPremiumIncreasesDueToChangesInActuarialAssumptions" xlink:to="mfc_PercentageOfPremiumIncreasesDueToChangesInActuarialAssumptions_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PercentageOfReasonablyPossibleDecreaseInActuarialAssumption" xlink:label="ifrs-full_PercentageOfReasonablyPossibleDecreaseInActuarialAssumption"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PercentageOfReasonablyPossibleDecreaseInActuarialAssumption_lbl" xml:lang="en-US" id="id_12895287_2938878_1_1">Percentage of reasonably possible decrease in actuarial assumption</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PercentageOfReasonablyPossibleDecreaseInActuarialAssumption_lbl" xml:lang="en-US" id="id_12895287_2938878_2_1">Percentage of reasonably possible decrease in actuarial assumption</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PercentageOfReasonablyPossibleDecreaseInActuarialAssumption" xlink:to="ifrs-full_PercentageOfReasonablyPossibleDecreaseInActuarialAssumption_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption" xlink:label="ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption_lbl" xml:lang="en-US" id="id_12895287_2939033_1_1">Percentage of reasonably possible increase in actuarial assumption</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption_lbl" xml:lang="en-US" id="id_12895287_2939033_2_1">Percentage of reasonably possible increase in actuarial assumption</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption" xlink:to="ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:label="ifrs-full_PercentageOfVotingEquityInterestsAcquired"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PercentageOfVotingEquityInterestsAcquired_lbl" xml:lang="en-US" id="id_12895287_2938303_1_1">Percentage of voting equity interests acquired</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PercentageOfVotingEquityInterestsAcquired_lbl" xml:lang="en-US" id="id_12895287_2938303_2_1">Percentage of unitholder voting rights</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:to="ifrs-full_PercentageOfVotingEquityInterestsAcquired_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PercentageProvisionForAdverseDeviationAssumptionsNotSpecificallyProvided" xlink:label="mfc_PercentageProvisionForAdverseDeviationAssumptionsNotSpecificallyProvided"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PercentageProvisionForAdverseDeviationAssumptionsNotSpecificallyProvided_lbl" xml:lang="en-US" id="id_12895287_3022802_3_1">Percentage provision for adverse deviation assumptions not specifically provided.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PercentageProvisionForAdverseDeviationAssumptionsNotSpecificallyProvided_lbl" xml:lang="en-US" id="id_12895287_3022802_1_1">Percentage Provision For Adverse Deviation Assumptions Not Specifically Provided</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PercentageProvisionForAdverseDeviationAssumptionsNotSpecificallyProvided_lbl" xml:lang="en-US" id="id_12895287_3022802_2_1">Percentage provision for adverse deviation assumptions not specifically provided</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PercentageProvisionForAdverseDeviationAssumptionsNotSpecificallyProvided" xlink:to="mfc_PercentageProvisionForAdverseDeviationAssumptionsNotSpecificallyProvided_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PerformanceObligationsAxis" xlink:label="ifrs-full_PerformanceObligationsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PerformanceObligationsAxis_lbl" xml:lang="en-US" id="id_12895287_2939034_1_1">Performance obligations [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PerformanceObligationsAxis_lbl" xml:lang="en-US" id="id_12895287_2939034_2_1">Performance obligations [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PerformanceObligationsAxis" xlink:to="ifrs-full_PerformanceObligationsAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PerformanceObligationsMember" xlink:label="ifrs-full_PerformanceObligationsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PerformanceObligationsMember_lbl" xml:lang="en-US" id="id_12895287_2938879_1_1">Performance obligations [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PerformanceObligationsMember_lbl" xml:lang="en-US" id="id_12895287_2938879_2_1">Performance obligations [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PerformanceObligationsMember" xlink:to="ifrs-full_PerformanceObligationsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PerformanceShareUnitsMember" xlink:label="mfc_PerformanceShareUnitsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PerformanceShareUnitsMember_lbl" xml:lang="en-US" id="id_12895287_2997981_3_1">Performance share units (PSUs) .</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PerformanceShareUnitsMember_lbl" xml:lang="en-US" id="id_12895287_2997981_1_1">Performance share units (PSUs) [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PerformanceShareUnitsMember_lbl" xml:lang="en-US" id="id_12895287_2997981_2_1">Performance share units (PSUs) [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PerformanceShareUnitsMember" xlink:to="mfc_PerformanceShareUnitsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PerformingMember" xlink:label="mfc_PerformingMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PerformingMember_lbl" xml:lang="en-US" id="id_12895287_2997701_3_1">Performing.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PerformingMember_lbl" xml:lang="en-US" id="id_12895287_2997701_1_1">Performing [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PerformingMember_lbl" xml:lang="en-US" id="id_12895287_2997701_2_1">Performing [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PerformingMember" xlink:to="mfc_PerformingMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PlanAssetsAtFairValue" xlink:label="ifrs-full_PlanAssetsAtFairValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PlanAssetsAtFairValue_lbl" xml:lang="en-US" id="id_12895287_2938562_1_1">Plan assets, at fair value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PlanAssetsAtFairValue_lbl" xml:lang="en-US" id="id_12895287_2938562_2_1">Fair value of plan assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_PlanAssetsAtFairValue_lbl" xml:lang="en-US" id="id_12895287_2938562_6_1">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PlanAssetsAtFairValue" xlink:to="ifrs-full_PlanAssetsAtFairValue_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PlanAssetsMember" xlink:label="ifrs-full_PlanAssetsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PlanAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2938304_1_1">Plan assets [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PlanAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2938304_2_1">Plan assets [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PlanAssetsMember" xlink:to="ifrs-full_PlanAssetsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PolicyholderDividendsAndExperienceRatingRefundsMember" xlink:label="mfc_PolicyholderDividendsAndExperienceRatingRefundsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PolicyholderDividendsAndExperienceRatingRefundsMember_lbl" xml:lang="en-US" id="id_12895287_2997617_3_1">The member stands for policyholder dividends and experience rating refunds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PolicyholderDividendsAndExperienceRatingRefundsMember_lbl" xml:lang="en-US" id="id_12895287_2997617_1_1">Policyholder dividends and experience rating refunds [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PolicyholderDividendsAndExperienceRatingRefundsMember_lbl" xml:lang="en-US" id="id_12895287_2997617_2_1">Policyholder dividends and experience rating refunds [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PolicyholderDividendsAndExperienceRatingRefundsMember" xlink:to="mfc_PolicyholderDividendsAndExperienceRatingRefundsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PolicyLoansMember" xlink:label="us-gaap_PolicyLoansMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PolicyLoansMember_lbl" xml:lang="en-US" id="id_12895287_2929195_1_1">Policy Loans [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PolicyLoansMember_lbl" xml:lang="en-US" id="id_12895287_2929195_2_1">Policy loans [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyLoansMember" xlink:to="us-gaap_PolicyLoansMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:label="ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans_lbl" xml:lang="en-US" id="id_12895287_2939036_1_1">Post-employment benefit expense, defined benefit plans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans_lbl" xml:lang="en-US" id="id_12895287_2939036_6_1">Defined benefit cost</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:to="ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans" xlink:label="ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans_lbl" xml:lang="en-US" id="id_12895287_2938306_1_1">Post-employment benefit expense, defined contribution plans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans_lbl" xml:lang="en-US" id="id_12895287_2938306_2_1">Defined contribution cost</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans" xlink:to="ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsAbstract" xlink:label="mfc_PotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsAbstract_lbl" xml:lang="en-US" id="id_12895287_2943169_3_1">Potential immediate impact on MCCSR arising from changes to public equity returns.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsAbstract_lbl" xml:lang="en-US" id="id_12895287_2943169_1_1">Potential Immediate Impact on MCCSR by Changes to Public Equity Returns [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsAbstract_lbl" xml:lang="en-US" id="id_12895287_2943169_2_1">Potential Immediate Impact on MCCSR by Changes to Public Equity Returns [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsAbstract" xlink:to="mfc_PotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsAbstract" xlink:label="mfc_PotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsAbstract_lbl" xml:lang="en-US" id="id_12895287_2943166_3_1">Potential immediate impact on net income attributed to shareholders arising from changes to public equity returns.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsAbstract_lbl" xml:lang="en-US" id="id_12895287_2943166_1_1">Potential Immediate Impact on Net Income Attributed to Shareholders by Changes to Public Equity Returns [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsAbstract_lbl" xml:lang="en-US" id="id_12895287_2943166_2_1">Potential Immediate Impact on Net Income Attributed to Shareholders by Changes to Public Equity Returns [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsAbstract" xlink:to="mfc_PotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PotentialImpactToMccsrRatioResultingFromChangesInPublicEquityMarketValues" xlink:label="mfc_PotentialImpactToMccsrRatioResultingFromChangesInPublicEquityMarketValues"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PotentialImpactToMccsrRatioResultingFromChangesInPublicEquityMarketValues_lbl" xml:lang="en-US" id="id_12895287_3032515_3_1">Potential Impact to MCCSR Ratio Resulting From Changes in Public Equity Market Values</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PotentialImpactToMccsrRatioResultingFromChangesInPublicEquityMarketValues_lbl" xml:lang="en-US" id="id_12895287_3032515_1_1">Potential Impact to MCCSR Ratio Resulting From Changes in Public Equity Market Values</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PotentialImpactToMccsrRatioResultingFromChangesInPublicEquityMarketValues_lbl" xml:lang="en-US" id="id_12895287_3032515_2_1">Potential Impact to MCCSR Ratio Resulting From Changes in Public Equity Market Values</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PotentialImpactToMccsrRatioResultingFromChangesInPublicEquityMarketValues" xlink:to="mfc_PotentialImpactToMccsrRatioResultingFromChangesInPublicEquityMarketValues_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PowerAndInfrastructureInvestmentsMember" xlink:label="mfc_PowerAndInfrastructureInvestmentsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PowerAndInfrastructureInvestmentsMember_lbl" xml:lang="en-US" id="id_12895287_2997893_3_1">Power and infrastructure investments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PowerAndInfrastructureInvestmentsMember_lbl" xml:lang="en-US" id="id_12895287_2997893_1_1">Power and infrastructure investments [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PowerAndInfrastructureInvestmentsMember_lbl" xml:lang="en-US" id="id_12895287_2997893_2_1">Power and infrastructure [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PowerAndInfrastructureInvestmentsMember" xlink:to="mfc_PowerAndInfrastructureInvestmentsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PreferenceSharesAnnualDividendPercentage" xlink:label="mfc_PreferenceSharesAnnualDividendPercentage"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PreferenceSharesAnnualDividendPercentage_lbl" xml:lang="en-US" id="id_12895287_3022797_3_1">Preference shares annual dividend percentage.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PreferenceSharesAnnualDividendPercentage_lbl" xml:lang="en-US" id="id_12895287_3022797_1_1">Preference Shares Annual Dividend Percentage</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PreferenceSharesAnnualDividendPercentage_lbl" xml:lang="en-US" id="id_12895287_3022797_2_1">Annual dividend rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PreferenceSharesAnnualDividendPercentage" xlink:to="mfc_PreferenceSharesAnnualDividendPercentage_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PreferenceSharesAnnualDividendRate" xlink:label="mfc_PreferenceSharesAnnualDividendRate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PreferenceSharesAnnualDividendRate_lbl" xml:lang="en-US" id="id_12895287_3030879_3_1">Preference shares annual dividend rate.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PreferenceSharesAnnualDividendRate_lbl" xml:lang="en-US" id="id_12895287_3030879_1_1">Preference shares annual dividend rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PreferenceSharesAnnualDividendRate_lbl" xml:lang="en-US" id="id_12895287_3030879_2_1">Annual dividend rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PreferenceSharesAnnualDividendRate" xlink:to="mfc_PreferenceSharesAnnualDividendRate_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PreferenceSharesAnnualYieldPercentage" xlink:label="mfc_PreferenceSharesAnnualYieldPercentage"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PreferenceSharesAnnualYieldPercentage_lbl" xml:lang="en-US" id="id_12895287_3022693_3_1">Preference shares annual yield percentage.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PreferenceSharesAnnualYieldPercentage_lbl" xml:lang="en-US" id="id_12895287_3022693_1_1">Preference shares annual yield percentage</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PreferenceSharesAnnualYieldPercentage_lbl" xml:lang="en-US" id="id_12895287_3022693_2_1">Annual dividend rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PreferenceSharesAnnualYieldPercentage" xlink:to="mfc_PreferenceSharesAnnualYieldPercentage_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PreferenceSharesEarliestRedemptionDate" xlink:label="mfc_PreferenceSharesEarliestRedemptionDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PreferenceSharesEarliestRedemptionDate_lbl" xml:lang="en-US" id="id_12895287_2976410_3_1">Preference shares earliest redemption date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PreferenceSharesEarliestRedemptionDate_lbl" xml:lang="en-US" id="id_12895287_2976410_1_1">Preference shares earliest redemption date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PreferenceSharesEarliestRedemptionDate_lbl" xml:lang="en-US" id="id_12895287_2976410_2_1">Earliest redemption date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PreferenceSharesEarliestRedemptionDate" xlink:to="mfc_PreferenceSharesEarliestRedemptionDate_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PreferenceSharesMember" xlink:label="ifrs-full_PreferenceSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PreferenceSharesMember_lbl" xml:lang="en-US" id="id_12895287_2938309_1_1">Preference shares [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PreferenceSharesMember_lbl" xml:lang="en-US" id="id_12895287_2938309_2_1">Preferred shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PreferenceSharesMember" xlink:to="ifrs-full_PreferenceSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PreferredSharesIssueDate" xlink:label="mfc_PreferredSharesIssueDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PreferredSharesIssueDate_lbl" xml:lang="en-US" id="id_12895287_2976411_3_1">Preferred shares issue date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PreferredSharesIssueDate_lbl" xml:lang="en-US" id="id_12895287_2976411_1_1">Preferred shares issue date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PreferredSharesIssueDate_lbl" xml:lang="en-US" id="id_12895287_2976411_2_1">Issue date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PreferredSharesIssueDate" xlink:to="mfc_PreferredSharesIssueDate_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PreferredSharesMember" xlink:label="mfc_PreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2995260_3_1">Preferred Shares [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2995260_1_1">Preferred Shares [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PreferredSharesMember_lbl" xml:lang="en-US" id="id_12895287_2995260_2_1">Preferred shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PreferredSharesMember" xlink:to="mfc_PreferredSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PreferredSharesOutstandingNetAmount" xlink:label="mfc_PreferredSharesOutstandingNetAmount"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PreferredSharesOutstandingNetAmount_lbl" xml:lang="en-US" id="id_12895287_2963227_3_1">Preferred shares outstanding net amount.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PreferredSharesOutstandingNetAmount_lbl" xml:lang="en-US" id="id_12895287_2963227_1_1">Preferred Shares Outstanding Net Amount</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PreferredSharesOutstandingNetAmount_lbl" xml:lang="en-US" id="id_12895287_2963227_2_1">Net amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PreferredSharesOutstandingNetAmount" xlink:to="mfc_PreferredSharesOutstandingNetAmount_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PreferredSharesSpecifiedYieldPercentage" xlink:label="mfc_PreferredSharesSpecifiedYieldPercentage"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PreferredSharesSpecifiedYieldPercentage_lbl" xml:lang="en-US" id="id_12895287_3022798_3_1">Preferred shares specified yield percentage.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PreferredSharesSpecifiedYieldPercentage_lbl" xml:lang="en-US" id="id_12895287_3022798_1_1">Preferred Shares Specified Yield Percentage</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PreferredSharesSpecifiedYieldPercentage_lbl" xml:lang="en-US" id="id_12895287_3022798_2_1">Specified yield percentage</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PreferredSharesSpecifiedYieldPercentage" xlink:to="mfc_PreferredSharesSpecifiedYieldPercentage_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PreferredStockLiquidationPreferenceValue1" xlink:label="mfc_PreferredStockLiquidationPreferenceValue1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PreferredStockLiquidationPreferenceValue1_lbl" xml:lang="en-US" id="id_12895287_2962582_3_1">Preferred stock liquidation preference value.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PreferredStockLiquidationPreferenceValue1_lbl" xml:lang="en-US" id="id_12895287_2962582_1_1">Preferred stock liquidation Preference value 1</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PreferredStockLiquidationPreferenceValue1_lbl" xml:lang="en-US" id="id_12895287_2962582_2_1">Aggregate liquidation entitlement</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PreferredStockLiquidationPreferenceValue1" xlink:to="mfc_PreferredStockLiquidationPreferenceValue1_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PremiumsCededToReinsurers" xlink:label="mfc_PremiumsCededToReinsurers"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PremiumsCededToReinsurers_lbl" xml:lang="en-US" id="id_12895287_2961853_3_1">Premiums ceded to reinsurers.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PremiumsCededToReinsurers_lbl" xml:lang="en-US" id="id_12895287_2961853_1_1">Premiums ceded to reinsurers</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_PremiumsCededToReinsurers_lbl" xml:lang="en-US" id="id_12895287_2961853_14_1">Premiums ceded to reinsurers</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PremiumsCededToReinsurers" xlink:to="mfc_PremiumsCededToReinsurers_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PresentValueOfDefinedBenefitObligationMember" xlink:label="ifrs-full_PresentValueOfDefinedBenefitObligationMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PresentValueOfDefinedBenefitObligationMember_lbl" xml:lang="en-US" id="id_12895287_2939039_1_1">Present value of defined benefit obligation [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PresentValueOfDefinedBenefitObligationMember_lbl" xml:lang="en-US" id="id_12895287_2939039_2_1">Present value of defined benefit obligation [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PresentValueOfDefinedBenefitObligationMember" xlink:to="ifrs-full_PresentValueOfDefinedBenefitObligationMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PriceToEarningsMultiples" xlink:label="mfc_PriceToEarningsMultiples"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PriceToEarningsMultiples_lbl" xml:lang="en-US" id="id_12895287_2945649_3_1">Price to earnings multiples.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PriceToEarningsMultiples_lbl" xml:lang="en-US" id="id_12895287_2945649_1_1">Price To Earnings Multiples</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PriceToEarningsMultiples_lbl" xml:lang="en-US" id="id_12895287_2945649_2_1">Price-to-earnings multiples</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PriceToEarningsMultiples" xlink:to="mfc_PriceToEarningsMultiples_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PriorToDecemberThirtyOneTwoThousandNineteenMember" xlink:label="mfc_PriorToDecemberThirtyOneTwoThousandNineteenMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PriorToDecemberThirtyOneTwoThousandNineteenMember_lbl" xml:lang="en-US" id="id_12895287_2997841_3_1">Prior to December thirty one two thousand nineteen.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PriorToDecemberThirtyOneTwoThousandNineteenMember_lbl" xml:lang="en-US" id="id_12895287_2997841_1_1">Prior to december thirty one two thousand nineteen [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PriorToDecemberThirtyOneTwoThousandNineteenMember_lbl" xml:lang="en-US" id="id_12895287_2997841_2_1">Prior to December 31, 2019 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PriorToDecemberThirtyOneTwoThousandNineteenMember" xlink:to="mfc_PriorToDecemberThirtyOneTwoThousandNineteenMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PrivateEquitiesAndOtherALDAMember" xlink:label="mfc_PrivateEquitiesAndOtherALDAMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PrivateEquitiesAndOtherALDAMember_lbl" xml:lang="en-US" id="id_12895287_2999291_3_1">Private equities and other ALDA.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PrivateEquitiesAndOtherALDAMember_lbl" xml:lang="en-US" id="id_12895287_2999291_1_1">Private equities and other ALDA [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PrivateEquitiesAndOtherALDAMember_lbl" xml:lang="en-US" id="id_12895287_2999291_2_1">Private equities and other ALDA [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PrivateEquitiesAndOtherALDAMember" xlink:to="mfc_PrivateEquitiesAndOtherALDAMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PrivateEquityInvestmentsMember" xlink:label="mfc_PrivateEquityInvestmentsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PrivateEquityInvestmentsMember_lbl" xml:lang="en-US" id="id_12895287_2997029_3_1">Private equity investments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PrivateEquityInvestmentsMember_lbl" xml:lang="en-US" id="id_12895287_2997029_1_1">Private equity investments [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PrivateEquityInvestmentsMember_lbl" xml:lang="en-US" id="id_12895287_2997029_2_1">Private equity [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PrivateEquityInvestmentsMember" xlink:to="mfc_PrivateEquityInvestmentsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PrivatePlacements" xlink:label="mfc_PrivatePlacements"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PrivatePlacements_lbl" xml:lang="en-US" id="id_12895287_2959152_3_1">Investment in private placements of other companies.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PrivatePlacements_lbl" xml:lang="en-US" id="id_12895287_2959152_1_1">Private Placements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PrivatePlacements_lbl" xml:lang="en-US" id="id_12895287_2959152_2_1">Private placements</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PrivatePlacements" xlink:to="mfc_PrivatePlacements_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PrivatePlacementsMember" xlink:label="mfc_PrivatePlacementsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PrivatePlacementsMember_lbl" xml:lang="en-US" id="id_12895287_2996959_3_1">Private placements.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PrivatePlacementsMember_lbl" xml:lang="en-US" id="id_12895287_2996959_1_1">Private placements [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PrivatePlacementsMember_lbl" xml:lang="en-US" id="id_12895287_2996959_2_1">Private placements [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PrivatePlacementsMember" xlink:to="mfc_PrivatePlacementsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProceedsFromContributionsOfNoncontrollingInterests" xlink:label="ifrs-full_ProceedsFromContributionsOfNoncontrollingInterests"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProceedsFromContributionsOfNoncontrollingInterests_lbl" xml:lang="en-US" id="id_12895287_2939045_1_1">Proceeds from contributions of non-controlling interests</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProceedsFromContributionsOfNoncontrollingInterests_lbl" xml:lang="en-US" id="id_12895287_2939045_2_1">Contributions from (distributions to) non-controlling interests, net</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromContributionsOfNoncontrollingInterests" xlink:to="ifrs-full_ProceedsFromContributionsOfNoncontrollingInterests_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ProceedsFromDisposalsAndRepayments" xlink:label="mfc_ProceedsFromDisposalsAndRepayments"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ProceedsFromDisposalsAndRepayments_lbl" xml:lang="en-US" id="id_12895287_2963202_3_1">Proceeds from disposals and repayments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ProceedsFromDisposalsAndRepayments_lbl" xml:lang="en-US" id="id_12895287_2963202_1_1">Proceeds from Disposals and Repayments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ProceedsFromDisposalsAndRepayments_lbl" xml:lang="en-US" id="id_12895287_2963202_2_1">Disposals and repayments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ProceedsFromDisposalsAndRepayments" xlink:to="mfc_ProceedsFromDisposalsAndRepayments_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures" xlink:label="ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures_lbl" xml:lang="en-US" id="id_12895287_2938576_1_1">Proceeds from issue of bonds, notes and debentures</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures_lbl" xml:lang="en-US" id="id_12895287_2938576_2_1">Issue of capital instruments, net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures_lbl" xml:lang="en-US" id="id_12895287_2938576_12_1">Issue of capital instruments, net (note 12)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures" xlink:to="ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProceedsFromIssueOfOrdinaryShares" xlink:label="ifrs-full_ProceedsFromIssueOfOrdinaryShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProceedsFromIssueOfOrdinaryShares_lbl" xml:lang="en-US" id="id_12895287_2938577_1_1">Proceeds from issue of ordinary shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProceedsFromIssueOfOrdinaryShares_lbl" xml:lang="en-US" id="id_12895287_2938577_2_1">Common shares issued, net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProceedsFromIssueOfOrdinaryShares_lbl" xml:lang="en-US" id="id_12895287_2938577_12_1">Common shares issued, net (note 13)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromIssueOfOrdinaryShares" xlink:to="ifrs-full_ProceedsFromIssueOfOrdinaryShares_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProceedsFromIssueOfPreferenceShares" xlink:label="ifrs-full_ProceedsFromIssueOfPreferenceShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProceedsFromIssueOfPreferenceShares_lbl" xml:lang="en-US" id="id_12895287_2938891_1_1">Proceeds from issue of preference shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProceedsFromIssueOfPreferenceShares_lbl" xml:lang="en-US" id="id_12895287_2938891_2_1">Preferred shares issued, net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProceedsFromIssueOfPreferenceShares_lbl" xml:lang="en-US" id="id_12895287_2938891_12_1">Preferred shares issued, net (note 13)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromIssueOfPreferenceShares" xlink:to="ifrs-full_ProceedsFromIssueOfPreferenceShares_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProceedsFromNoncurrentBorrowings" xlink:label="ifrs-full_ProceedsFromNoncurrentBorrowings"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProceedsFromNoncurrentBorrowings_lbl" xml:lang="en-US" id="id_12895287_2938318_1_1">Proceeds from non-current borrowings</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProceedsFromNoncurrentBorrowings_lbl" xml:lang="en-US" id="id_12895287_2938318_2_1">Issue of long-term debt, net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProceedsFromNoncurrentBorrowings_lbl" xml:lang="en-US" id="id_12895287_2938318_12_1">Issue of long-term debt, net (note 11)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromNoncurrentBorrowings" xlink:to="ifrs-full_ProceedsFromNoncurrentBorrowings_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ProceedsFromSecuredBorrowingFromSecuritizationTransactionsClassifiedAsFinancingActivities" xlink:label="mfc_ProceedsFromSecuredBorrowingFromSecuritizationTransactionsClassifiedAsFinancingActivities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ProceedsFromSecuredBorrowingFromSecuritizationTransactionsClassifiedAsFinancingActivities_lbl" xml:lang="en-US" id="id_12895287_2962206_3_1">Proceeds from secured borrowing from securitization transactions classified as financing activities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ProceedsFromSecuredBorrowingFromSecuritizationTransactionsClassifiedAsFinancingActivities_lbl" xml:lang="en-US" id="id_12895287_2962206_1_1">Proceeds from secured borrowing from securitization transactions classified as financing activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ProceedsFromSecuredBorrowingFromSecuritizationTransactionsClassifiedAsFinancingActivities_lbl" xml:lang="en-US" id="id_12895287_2962206_2_1">Secured borrowing from securitization transactions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="mfc_ProceedsFromSecuredBorrowingFromSecuritizationTransactionsClassifiedAsFinancingActivities_lbl" xml:lang="en-US" id="id_12895287_2962206_12_1">Secured borrowings from securitization transactions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ProceedsFromSecuredBorrowingFromSecuritizationTransactionsClassifiedAsFinancingActivities" xlink:to="mfc_ProceedsFromSecuredBorrowingFromSecuritizationTransactionsClassifiedAsFinancingActivities_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ProductDesignAndPricingRiskManagementStrategy" xlink:label="mfc_ProductDesignAndPricingRiskManagementStrategy"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ProductDesignAndPricingRiskManagementStrategy_lbl" xml:lang="en-US" id="id_12895287_3012787_3_1">Percentage of product design and pricing risk management strategy.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ProductDesignAndPricingRiskManagementStrategy_lbl" xml:lang="en-US" id="id_12895287_3012787_1_1">Product Design and Pricing Risk Management Strategy</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ProductDesignAndPricingRiskManagementStrategy_lbl" xml:lang="en-US" id="id_12895287_3012787_2_1">Product design and pricing</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ProductDesignAndPricingRiskManagementStrategy" xlink:to="mfc_ProductDesignAndPricingRiskManagementStrategy_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProductsAndServicesAxis" xlink:label="ifrs-full_ProductsAndServicesAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProductsAndServicesAxis_lbl" xml:lang="en-US" id="id_12895287_2938580_1_1">Products and services [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProductsAndServicesAxis_lbl" xml:lang="en-US" id="id_12895287_2938580_2_1">Products and services [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProductsAndServicesAxis" xlink:to="ifrs-full_ProductsAndServicesAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProductsAndServicesMember" xlink:label="ifrs-full_ProductsAndServicesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProductsAndServicesMember_lbl" xml:lang="en-US" id="id_12895287_2939054_1_1">Products and services [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProductsAndServicesMember_lbl" xml:lang="en-US" id="id_12895287_2939054_2_1">Products and services [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProductsAndServicesMember" xlink:to="ifrs-full_ProductsAndServicesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ProductsWhereADecreaseInRatesIncreasesInsuranceContractLiabilitiesMember" xlink:label="mfc_ProductsWhereADecreaseInRatesIncreasesInsuranceContractLiabilitiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ProductsWhereADecreaseInRatesIncreasesInsuranceContractLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2997852_3_1">This member stands for products where a decrease in rates increases insurance contract liabilities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ProductsWhereADecreaseInRatesIncreasesInsuranceContractLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2997852_1_1">Products where a decrease in rates increases insurance contract liabilities [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ProductsWhereADecreaseInRatesIncreasesInsuranceContractLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2997852_2_1">Products where a decrease in rates increases insurance contract liabilities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ProductsWhereADecreaseInRatesIncreasesInsuranceContractLiabilitiesMember" xlink:to="mfc_ProductsWhereADecreaseInRatesIncreasesInsuranceContractLiabilitiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ProductsWhereAnIncreaseInRatesIncreasesInsuranceContractLiabilitiesMember" xlink:label="mfc_ProductsWhereAnIncreaseInRatesIncreasesInsuranceContractLiabilitiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ProductsWhereAnIncreaseInRatesIncreasesInsuranceContractLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2997856_3_1">This member stands for products where an increase in rates increases insurance contract liabilities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ProductsWhereAnIncreaseInRatesIncreasesInsuranceContractLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2997856_1_1">Products where an increase in rates increases insurance contract liabilities [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ProductsWhereAnIncreaseInRatesIncreasesInsuranceContractLiabilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2997856_2_1">Products where an increase in rates increases insurance contract liabilities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ProductsWhereAnIncreaseInRatesIncreasesInsuranceContractLiabilitiesMember" xlink:to="mfc_ProductsWhereAnIncreaseInRatesIncreasesInsuranceContractLiabilitiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProfitLoss" xlink:label="ifrs-full_ProfitLoss"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en-US" id="id_12895287_2938581_1_1">Profit (loss)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en-US" id="id_12895287_2938581_2_1">Net income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en-US" id="id_12895287_2938581_6_1">Net income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en-US" id="id_12895287_2938581_12_1">Net income (loss)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLoss" xlink:to="ifrs-full_ProfitLoss_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ProfitLossAfterTaxBeforeEquityInNetIncomeLossOfUnconsolidatedSubsidiaries" xlink:label="mfc_ProfitLossAfterTaxBeforeEquityInNetIncomeLossOfUnconsolidatedSubsidiaries"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ProfitLossAfterTaxBeforeEquityInNetIncomeLossOfUnconsolidatedSubsidiaries_lbl" xml:lang="en-US" id="id_12895287_2963205_3_1">Profit (loss) after tax before equity in net income (loss) of unconsolidated subsidiaries.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ProfitLossAfterTaxBeforeEquityInNetIncomeLossOfUnconsolidatedSubsidiaries_lbl" xml:lang="en-US" id="id_12895287_2963205_1_1">Profit Loss After Tax Before Equity in Net Income Loss of Unconsolidated Subsidiaries</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="mfc_ProfitLossAfterTaxBeforeEquityInNetIncomeLossOfUnconsolidatedSubsidiaries_lbl" xml:lang="en-US" id="id_12895287_2963205_6_1">Income (loss) after income taxes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ProfitLossAfterTaxBeforeEquityInNetIncomeLossOfUnconsolidatedSubsidiaries" xlink:to="mfc_ProfitLossAfterTaxBeforeEquityInNetIncomeLossOfUnconsolidatedSubsidiaries_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProfitLossAttributableToAbstract" xlink:label="ifrs-full_ProfitLossAttributableToAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossAttributableToAbstract_lbl" xml:lang="en-US" id="id_12895287_2939055_1_1">Profit (loss), attributable to [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLossAttributableToAbstract_lbl" xml:lang="en-US" id="id_12895287_2939055_2_1">Net income (loss) attributed to:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossAttributableToAbstract" xlink:to="ifrs-full_ProfitLossAttributableToAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ProfitLossAttributableToCommonShareholders" xlink:label="mfc_ProfitLossAttributableToCommonShareholders"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ProfitLossAttributableToCommonShareholders_lbl" xml:lang="en-US" id="id_12895287_2959904_3_1">Profit loss attributable to common shareholders.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ProfitLossAttributableToCommonShareholders_lbl" xml:lang="en-US" id="id_12895287_2959904_1_1">Profit Loss Attributable to Common Shareholders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="mfc_ProfitLossAttributableToCommonShareholders_lbl" xml:lang="en-US" id="id_12895287_2959904_6_1">Common shareholders' net income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ProfitLossAttributableToCommonShareholders" xlink:to="mfc_ProfitLossAttributableToCommonShareholders_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:label="ifrs-full_ProfitLossAttributableToNoncontrollingInterests"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossAttributableToNoncontrollingInterests_lbl" xml:lang="en-US" id="id_12895287_2938324_1_1">Profit (loss), attributable to non-controlling interests</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLossAttributableToNoncontrollingInterests_lbl" xml:lang="en-US" id="id_12895287_2938324_2_1">Net income attributed to non-controlling interests</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProfitLossAttributableToNoncontrollingInterests_lbl" xml:lang="en-US" id="id_12895287_2938324_12_1">Non-controlling interests</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:to="ifrs-full_ProfitLossAttributableToNoncontrollingInterests_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent_lbl" xml:lang="en-US" id="id_12895287_2938583_1_1">Profit (loss), attributable to owners of parent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent_lbl" xml:lang="en-US" id="id_12895287_2938583_32_1">Shareholders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent_lbl" xml:lang="en-US" id="id_12895287_2938583_2_1">Net income (loss) attributed to shareholders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent_lbl" xml:lang="en-US" id="id_12895287_2938583_12_1">Net income attributed to shareholders</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:to="ifrs-full_ProfitLossAttributableToOwnersOfParent_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ProfitLossAttributableToParticipatingPolicyholders" xlink:label="mfc_ProfitLossAttributableToParticipatingPolicyholders"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ProfitLossAttributableToParticipatingPolicyholders_lbl" xml:lang="en-US" id="id_12895287_2959243_3_1">Profit loss attributable to participating policyholders.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ProfitLossAttributableToParticipatingPolicyholders_lbl" xml:lang="en-US" id="id_12895287_2959243_1_1">Profit Loss Attributable to Participating Policyholders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ProfitLossAttributableToParticipatingPolicyholders_lbl" xml:lang="en-US" id="id_12895287_2959243_2_1">Net income (loss) attributed to participating policyholders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="mfc_ProfitLossAttributableToParticipatingPolicyholders_lbl" xml:lang="en-US" id="id_12895287_2959243_12_1">Participating policyholders</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ProfitLossAttributableToParticipatingPolicyholders" xlink:to="mfc_ProfitLossAttributableToParticipatingPolicyholders_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ProfitLossAttributableToPreferredShareDividends" xlink:label="mfc_ProfitLossAttributableToPreferredShareDividends"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ProfitLossAttributableToPreferredShareDividends_lbl" xml:lang="en-US" id="id_12895287_2959244_3_1">Profit loss attributable to preferred share dividends.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ProfitLossAttributableToPreferredShareDividends_lbl" xml:lang="en-US" id="id_12895287_2959244_1_1">Profit Loss Attributable to Preferred Share Dividends</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ProfitLossAttributableToPreferredShareDividends_lbl" xml:lang="en-US" id="id_12895287_2959244_2_1">Preferred share dividends</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ProfitLossAttributableToPreferredShareDividends" xlink:to="mfc_ProfitLossAttributableToPreferredShareDividends_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProfitLossBeforeTax" xlink:label="ifrs-full_ProfitLossBeforeTax"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossBeforeTax_lbl" xml:lang="en-US" id="id_12895287_2938897_1_1">Profit (loss) before tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLossBeforeTax_lbl" xml:lang="en-US" id="id_12895287_2938897_2_1">Income (loss) before income taxes</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ProfitLossBeforeTax_lbl" xml:lang="en-US" id="id_12895287_2938897_6_1">Income before income taxes</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProfitLossBeforeTax_lbl" xml:lang="en-US" id="id_12895287_2938897_12_1">Income before income taxes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossBeforeTax" xlink:to="ifrs-full_ProfitLossBeforeTax_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PropertyPlantAndEquipment" xlink:label="ifrs-full_PropertyPlantAndEquipment"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_12895287_2938327_1_1">Property, plant and equipment</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_12895287_2938327_2_1">Accumulated depreciation of own use property</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipment" xlink:to="ifrs-full_PropertyPlantAndEquipment_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PropertyPlantAndEquipmentEstimatedUsefulLife" xlink:label="mfc_PropertyPlantAndEquipmentEstimatedUsefulLife"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PropertyPlantAndEquipmentEstimatedUsefulLife_lbl" xml:lang="en-US" id="id_12895287_2977898_3_1">Property plant and equipment estimated useful life.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PropertyPlantAndEquipmentEstimatedUsefulLife_lbl" xml:lang="en-US" id="id_12895287_2977898_1_1">Property Plant and Equipment Estimated Useful Life</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PropertyPlantAndEquipmentEstimatedUsefulLife_lbl" xml:lang="en-US" id="id_12895287_2977898_2_1">Estimated useful life of property</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PropertyPlantAndEquipmentEstimatedUsefulLife" xlink:to="mfc_PropertyPlantAndEquipmentEstimatedUsefulLife_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ProportionOfOwnershipInterestInPartnership" xlink:label="mfc_ProportionOfOwnershipInterestInPartnership"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ProportionOfOwnershipInterestInPartnership_lbl" xml:lang="en-US" id="id_12895287_3023959_3_1">Proportion of ownership interest in partnership</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ProportionOfOwnershipInterestInPartnership_lbl" xml:lang="en-US" id="id_12895287_3023959_1_1">Proportion of ownership interest in partnership</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ProportionOfOwnershipInterestInPartnership_lbl" xml:lang="en-US" id="id_12895287_3023959_2_1">Percentage of ownership of partnership interests</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ProportionOfOwnershipInterestInPartnership" xlink:to="mfc_ProportionOfOwnershipInterestInPartnership_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:label="ifrs-full_ProportionOfOwnershipInterestInSubsidiary"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProportionOfOwnershipInterestInSubsidiary_lbl" xml:lang="en-US" id="id_12895287_2938341_1_1">Proportion of ownership interest in subsidiary</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProportionOfOwnershipInterestInSubsidiary_lbl" xml:lang="en-US" id="id_12895287_2938341_2_1">Percentage of ownership interest in subsidiary</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:to="ifrs-full_ProportionOfOwnershipInterestInSubsidiary_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProportionOfVotingPowerHeldInSubsidiary" xlink:label="ifrs-full_ProportionOfVotingPowerHeldInSubsidiary"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProportionOfVotingPowerHeldInSubsidiary_lbl" xml:lang="en-US" id="id_12895287_2939071_1_1">Proportion of voting rights held in subsidiary</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProportionOfVotingPowerHeldInSubsidiary_lbl" xml:lang="en-US" id="id_12895287_2939071_2_1">Percentage of voting rights held in subsidiary</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProportionOfVotingPowerHeldInSubsidiary" xlink:to="ifrs-full_ProportionOfVotingPowerHeldInSubsidiary_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ProvisionalChargeForEstimatedImpactOfTaxReformAfterTax" xlink:label="mfc_ProvisionalChargeForEstimatedImpactOfTaxReformAfterTax"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ProvisionalChargeForEstimatedImpactOfTaxReformAfterTax_lbl" xml:lang="en-US" id="id_12895287_3031959_3_1">Provisional charge for estimated impact of tax reform after tax.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ProvisionalChargeForEstimatedImpactOfTaxReformAfterTax_lbl" xml:lang="en-US" id="id_12895287_3031959_1_1">Provisional charge for estimated impact of tax reform after tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ProvisionalChargeForEstimatedImpactOfTaxReformAfterTax_lbl" xml:lang="en-US" id="id_12895287_3031959_2_1">Provisional charge for the estimated impact of U.S. Tax Reform, after-tax</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ProvisionalChargeForEstimatedImpactOfTaxReformAfterTax" xlink:to="mfc_ProvisionalChargeForEstimatedImpactOfTaxReformAfterTax_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ProvisionNet" xlink:label="mfc_ProvisionNet"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ProvisionNet_lbl" xml:lang="en-US" id="id_12895287_2962448_3_1">Provision net.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ProvisionNet_lbl" xml:lang="en-US" id="id_12895287_2962448_1_1">Provision net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_ProvisionNet_lbl" xml:lang="en-US" id="id_12895287_2962448_14_1">Provision, net</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ProvisionNet" xlink:to="mfc_ProvisionNet_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ProvisionsAllowanceAccountForCreditLossesOfFinancialAssets" xlink:label="mfc_ProvisionsAllowanceAccountForCreditLossesOfFinancialAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ProvisionsAllowanceAccountForCreditLossesOfFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2962173_3_1">Provisions, allowance account for credit losses of financial assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ProvisionsAllowanceAccountForCreditLossesOfFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2962173_1_1">Provisions, allowance account for credit losses of financial assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ProvisionsAllowanceAccountForCreditLossesOfFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2962173_2_1">Provisions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ProvisionsAllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="mfc_ProvisionsAllowanceAccountForCreditLossesOfFinancialAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PtAsuransiJiwaManulifeIndonesiaMember" xlink:label="mfc_PtAsuransiJiwaManulifeIndonesiaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PtAsuransiJiwaManulifeIndonesiaMember_lbl" xml:lang="en-US" id="id_12895287_2997812_3_1">PT Asuransi Jiwa Manulife Indonesia.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PtAsuransiJiwaManulifeIndonesiaMember_lbl" xml:lang="en-US" id="id_12895287_2997812_1_1">PT Asuransi Jiwa Manulife Indonesia [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PtAsuransiJiwaManulifeIndonesiaMember_lbl" xml:lang="en-US" id="id_12895287_2997812_2_1">PT Asuransi Jiwa Manulife Indonesia [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PtAsuransiJiwaManulifeIndonesiaMember" xlink:to="mfc_PtAsuransiJiwaManulifeIndonesiaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PtManulifeAsetManajemenIndonesiaMember" xlink:label="mfc_PtManulifeAsetManajemenIndonesiaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PtManulifeAsetManajemenIndonesiaMember_lbl" xml:lang="en-US" id="id_12895287_2997814_3_1">PT Manulife Aset Manajemen Indonesia.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PtManulifeAsetManajemenIndonesiaMember_lbl" xml:lang="en-US" id="id_12895287_2997814_1_1">PT Manulife Aset Manajemen Indonesia [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PtManulifeAsetManajemenIndonesiaMember_lbl" xml:lang="en-US" id="id_12895287_2997814_2_1">PT Manulife Aset Manajemen Indonesia [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PtManulifeAsetManajemenIndonesiaMember" xlink:to="mfc_PtManulifeAsetManajemenIndonesiaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PublicEquitiesMember" xlink:label="mfc_PublicEquitiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PublicEquitiesMember_lbl" xml:lang="en-US" id="id_12895287_2996958_3_1">Public equities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PublicEquitiesMember_lbl" xml:lang="en-US" id="id_12895287_2996958_1_1">Public equities [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PublicEquitiesMember_lbl" xml:lang="en-US" id="id_12895287_2996958_2_1">Public equities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PublicEquitiesMember" xlink:to="mfc_PublicEquitiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PubliclyTradedEquityPerformanceRiskMember" xlink:label="mfc_PubliclyTradedEquityPerformanceRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PubliclyTradedEquityPerformanceRiskMember_lbl" xml:lang="en-US" id="id_12895287_2999263_3_1">Publicly traded equity performance risk.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PubliclyTradedEquityPerformanceRiskMember_lbl" xml:lang="en-US" id="id_12895287_2999263_1_1">Publicly Traded Equity Performance Risk [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_PubliclyTradedEquityPerformanceRiskMember_lbl" xml:lang="en-US" id="id_12895287_2999263_2_1">Publicly Traded Equity Performance Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PubliclyTradedEquityPerformanceRiskMember" xlink:to="mfc_PubliclyTradedEquityPerformanceRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PurchasesAndMortgageAdvances" xlink:label="mfc_PurchasesAndMortgageAdvances"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PurchasesAndMortgageAdvances_lbl" xml:lang="en-US" id="id_12895287_2959285_3_1">Purchases and mortgage advances.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PurchasesAndMortgageAdvances_lbl" xml:lang="en-US" id="id_12895287_2959285_1_1">Purchases and Mortgage Advances</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_PurchasesAndMortgageAdvances_lbl" xml:lang="en-US" id="id_12895287_2959285_14_1">Purchases and mortgage advances</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PurchasesAndMortgageAdvances" xlink:to="mfc_PurchasesAndMortgageAdvances_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PurchasesFairValueMeasurementAssets" xlink:label="ifrs-full_PurchasesFairValueMeasurementAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PurchasesFairValueMeasurementAssets_lbl" xml:lang="en-US" id="id_12895287_2938918_1_1">Purchases, fair value measurement, assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PurchasesFairValueMeasurementAssets_lbl" xml:lang="en-US" id="id_12895287_2938918_2_1">Purchases</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchasesFairValueMeasurementAssets" xlink:to="ifrs-full_PurchasesFairValueMeasurementAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_PurchasesOfMultipleSignificantUnobservableInputsOnDerivativeInstruments" xlink:label="mfc_PurchasesOfMultipleSignificantUnobservableInputsOnDerivativeInstruments"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_PurchasesOfMultipleSignificantUnobservableInputsOnDerivativeInstruments_lbl" xml:lang="en-US" id="id_12895287_2962184_3_1">Purchases of multiple significant unobservable inputs on derivative instruments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_PurchasesOfMultipleSignificantUnobservableInputsOnDerivativeInstruments_lbl" xml:lang="en-US" id="id_12895287_2962184_1_1">Purchases of multiple significant unobservable inputs on derivative instruments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_PurchasesOfMultipleSignificantUnobservableInputsOnDerivativeInstruments_lbl" xml:lang="en-US" id="id_12895287_2962184_14_1">Purchases</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_PurchasesOfMultipleSignificantUnobservableInputsOnDerivativeInstruments" xlink:to="mfc_PurchasesOfMultipleSignificantUnobservableInputsOnDerivativeInstruments_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RangeAxis" xlink:label="ifrs-full_RangeAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RangeAxis_lbl" xml:lang="en-US" id="id_12895287_2938920_1_1">Range [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RangeAxis_lbl" xml:lang="en-US" id="id_12895287_2938920_2_1">Range [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RangeAxis" xlink:to="ifrs-full_RangeAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RangesMember" xlink:label="ifrs-full_RangesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RangesMember_lbl" xml:lang="en-US" id="id_12895287_2938356_1_1">Ranges [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RangesMember_lbl" xml:lang="en-US" id="id_12895287_2938356_2_1">Ranges [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RangesMember" xlink:to="ifrs-full_RangesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis" xlink:label="ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis_lbl" xml:lang="en-US" id="id_12895287_2938357_1_1">Ranges of exercise prices for outstanding share options [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis_lbl" xml:lang="en-US" id="id_12895287_2938357_2_1">Ranges of exercise prices for outstanding share options [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis" xlink:to="ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember" xlink:label="ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember_lbl" xml:lang="en-US" id="id_12895287_2938608_1_1">Ranges of exercise prices for outstanding share options [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember_lbl" xml:lang="en-US" id="id_12895287_2938608_2_1">11.08-20.99 [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember" xlink:to="ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RatedCreditExposures" xlink:label="ifrs-full_RatedCreditExposures"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RatedCreditExposures_lbl" xml:lang="en-US" id="id_12895287_2938358_1_1">Rated credit exposures</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RatedCreditExposures_lbl" xml:lang="en-US" id="id_12895287_2938358_2_1">Credit quality and carrying value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RatedCreditExposures" xlink:to="ifrs-full_RatedCreditExposures_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_RealEstate1Member" xlink:label="mfc_RealEstate1Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_RealEstate1Member_lbl" xml:lang="en-US" id="id_12895287_2996961_3_1">Real estate.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_RealEstate1Member_lbl" xml:lang="en-US" id="id_12895287_2996961_1_1">Real estate 1 [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_RealEstate1Member_lbl" xml:lang="en-US" id="id_12895287_2996961_2_1">Real estate [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_RealEstate1Member" xlink:to="mfc_RealEstate1Member_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_RealEstateAgricultureAndTimberAssetsMember" xlink:label="mfc_RealEstateAgricultureAndTimberAssetsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_RealEstateAgricultureAndTimberAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2999290_3_1">Real estate, agriculture and timber assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_RealEstateAgricultureAndTimberAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2999290_1_1">Real estate, agriculture and timber assets [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_RealEstateAgricultureAndTimberAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2999290_2_1">Real estate, agriculture and timber assets [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_RealEstateAgricultureAndTimberAssetsMember" xlink:to="mfc_RealEstateAgricultureAndTimberAssetsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_RealEstateAndOtherMember" xlink:label="mfc_RealEstateAndOtherMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_RealEstateAndOtherMember_lbl" xml:lang="en-US" id="id_12895287_2998196_3_1">Real estate and other [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_RealEstateAndOtherMember_lbl" xml:lang="en-US" id="id_12895287_2998196_1_1">Real estate and other [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_RealEstateAndOtherMember_lbl" xml:lang="en-US" id="id_12895287_2998196_2_1">Real estate and other [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_RealEstateAndOtherMember" xlink:to="mfc_RealEstateAndOtherMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_RealEstateCompaniesMember" xlink:label="mfc_RealEstateCompaniesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_RealEstateCompaniesMember_lbl" xml:lang="en-US" id="id_12895287_2998165_3_1">Real estate companies.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_RealEstateCompaniesMember_lbl" xml:lang="en-US" id="id_12895287_2998165_1_1">Real Estate companies [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_RealEstateCompaniesMember_lbl" xml:lang="en-US" id="id_12895287_2998165_2_1">Real estate companies [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_RealEstateCompaniesMember" xlink:to="mfc_RealEstateCompaniesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_RealEstateInvestmentTrustMember" xlink:label="mfc_RealEstateInvestmentTrustMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_RealEstateInvestmentTrustMember_lbl" xml:lang="en-US" id="id_12895287_2998194_3_1">U.S. Real estate investment trust.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_RealEstateInvestmentTrustMember_lbl" xml:lang="en-US" id="id_12895287_2998194_1_1">U.S. Real estate investment trust [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_RealEstateInvestmentTrustMember_lbl" xml:lang="en-US" id="id_12895287_2998194_2_1">U.S. Real Estate Investment Trust [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_RealEstateInvestmentTrustMember" xlink:to="mfc_RealEstateInvestmentTrustMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_RealEstateOwnUsePropertyMember" xlink:label="mfc_RealEstateOwnUsePropertyMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_RealEstateOwnUsePropertyMember_lbl" xml:lang="en-US" id="id_12895287_2998138_3_1">Real estate own use property [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_RealEstateOwnUsePropertyMember_lbl" xml:lang="en-US" id="id_12895287_2998138_1_1">Real estate own use property [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_RealEstateOwnUsePropertyMember_lbl" xml:lang="en-US" id="id_12895287_2998138_2_1">Real estate own use property [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_RealEstateOwnUsePropertyMember" xlink:to="mfc_RealEstateOwnUsePropertyMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_RealizedAndUnrealizedGainsLossesOnAssetsSupportingInsuranceAndInvestmentContractLiabilitiesAndOnMacroHedgeProgram" xlink:label="mfc_RealizedAndUnrealizedGainsLossesOnAssetsSupportingInsuranceAndInvestmentContractLiabilitiesAndOnMacroHedgeProgram"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_RealizedAndUnrealizedGainsLossesOnAssetsSupportingInsuranceAndInvestmentContractLiabilitiesAndOnMacroHedgeProgram_lbl" xml:lang="en-US" id="id_12895287_2963185_3_1">Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities and on the macro hedge program.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_RealizedAndUnrealizedGainsLossesOnAssetsSupportingInsuranceAndInvestmentContractLiabilitiesAndOnMacroHedgeProgram_lbl" xml:lang="en-US" id="id_12895287_2963185_1_1">Realized and Unrealized Gains (Losses) on Assets Supporting Insurance and Investment Contract Liabilities and on Macro Hedge Program</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_RealizedAndUnrealizedGainsLossesOnAssetsSupportingInsuranceAndInvestmentContractLiabilitiesAndOnMacroHedgeProgram_lbl" xml:lang="en-US" id="id_12895287_2963185_2_1">Realized and unrealized gains on assets supporting insurance and investment contract liabilities and on the macro hedge program</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_RealizedAndUnrealizedGainsLossesOnAssetsSupportingInsuranceAndInvestmentContractLiabilitiesAndOnMacroHedgeProgram" xlink:to="mfc_RealizedAndUnrealizedGainsLossesOnAssetsSupportingInsuranceAndInvestmentContractLiabilitiesAndOnMacroHedgeProgram_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsNetOfTax" xlink:label="ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsNetOfTax"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsNetOfTax_lbl" xml:lang="en-US" id="id_12895287_2938363_1_1">Reclassification adjustments on available-for-sale financial assets, net of tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsNetOfTax_lbl" xml:lang="en-US" id="id_12895287_2938363_14_1">Reclassification of net realized gains and impairments to net income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsNetOfTax" xlink:to="ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsNetOfTax_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" xlink:label="ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax_lbl" xml:lang="en-US" id="id_12895287_2939089_1_1">Reclassification adjustments on cash flow hedges, net of tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax_lbl" xml:lang="en-US" id="id_12895287_2939089_14_1">Reclassification of realized losses to net income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" xlink:to="ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RecognisedAssetsDefinedBenefitPlan" xlink:label="ifrs-full_RecognisedAssetsDefinedBenefitPlan"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RecognisedAssetsDefinedBenefitPlan_lbl" xml:lang="en-US" id="id_12895287_2938620_1_1">Net defined benefit asset</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RecognisedAssetsDefinedBenefitPlan_lbl" xml:lang="en-US" id="id_12895287_2938620_2_1">Assets set aside for plan</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RecognisedAssetsDefinedBenefitPlan" xlink:to="ifrs-full_RecognisedAssetsDefinedBenefitPlan_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesAbstract" xlink:label="ifrs-full_ReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesAbstract_lbl" xml:lang="en-US" id="id_12895287_2939097_1_1">Reconciliation of accounting profit multiplied by applicable tax rates [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesAbstract_lbl" xml:lang="en-US" id="id_12895287_2939097_2_1">Reconciliation of accounting profit multiplied by applicable tax rates [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesAbstract" xlink:to="ifrs-full_ReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ReconciliationOfChangesInDeferredTaxLiabilityAssetLineItems" xlink:label="mfc_ReconciliationOfChangesInDeferredTaxLiabilityAssetLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ReconciliationOfChangesInDeferredTaxLiabilityAssetLineItems_lbl" xml:lang="en-US" id="id_12895287_2943510_3_1">Reconciliation of changes in deferred tax liability (asset) [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ReconciliationOfChangesInDeferredTaxLiabilityAssetLineItems_lbl" xml:lang="en-US" id="id_12895287_2943510_1_1">Reconciliation of changes in deferred tax liability (asset) [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ReconciliationOfChangesInDeferredTaxLiabilityAssetLineItems_lbl" xml:lang="en-US" id="id_12895287_2943510_2_1">Reconciliation of changes in deferred tax liability (asset) [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ReconciliationOfChangesInDeferredTaxLiabilityAssetLineItems" xlink:to="mfc_ReconciliationOfChangesInDeferredTaxLiabilityAssetLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ReconciliationOfChangesInDeferredTaxLiabilityAssetTable" xlink:label="mfc_ReconciliationOfChangesInDeferredTaxLiabilityAssetTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ReconciliationOfChangesInDeferredTaxLiabilityAssetTable_lbl" xml:lang="en-US" id="id_12895287_2979663_3_1">Reconciliation of changes in deferred tax liability (asset) [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ReconciliationOfChangesInDeferredTaxLiabilityAssetTable_lbl" xml:lang="en-US" id="id_12895287_2979663_1_1">Reconciliation of changes in deferred tax liability (asset) [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ReconciliationOfChangesInDeferredTaxLiabilityAssetTable_lbl" xml:lang="en-US" id="id_12895287_2979663_2_1">Reconciliation of changes in deferred tax liability (asset) [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ReconciliationOfChangesInDeferredTaxLiabilityAssetTable" xlink:to="mfc_ReconciliationOfChangesInDeferredTaxLiabilityAssetTable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReconciliationOfChangesInLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssuedAbstract" xlink:label="ifrs-full_ReconciliationOfChangesInLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssuedAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReconciliationOfChangesInLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssuedAbstract_lbl" xml:lang="en-US" id="id_12895287_2938380_1_1">Reconciliation of changes in liabilities under insurance contracts and reinsurance contracts issued [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReconciliationOfChangesInLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssuedAbstract_lbl" xml:lang="en-US" id="id_12895287_2938380_2_1">Reconciliation of changes in liabilities under insurance contracts and reinsurance contracts issued [abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReconciliationOfChangesInLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssuedAbstract" xlink:to="ifrs-full_ReconciliationOfChangesInLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssuedAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RedesignatedMember" xlink:label="ifrs-full_RedesignatedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RedesignatedMember_lbl" xml:lang="en-US" id="id_12895287_2939106_1_1">Redesignated [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RedesignatedMember_lbl" xml:lang="en-US" id="id_12895287_2939106_2_1">Redesignated [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RedesignatedMember" xlink:to="ifrs-full_RedesignatedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RedesignationAxis" xlink:label="ifrs-full_RedesignationAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RedesignationAxis_lbl" xml:lang="en-US" id="id_12895287_2939107_1_1">Redesignation [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RedesignationAxis_lbl" xml:lang="en-US" id="id_12895287_2939107_2_1">Redesignation [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RedesignationAxis" xlink:to="ifrs-full_RedesignationAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_RefinementsToLiabilityAndTaxCashFlowsMember" xlink:label="mfc_RefinementsToLiabilityAndTaxCashFlowsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_RefinementsToLiabilityAndTaxCashFlowsMember_lbl" xml:lang="en-US" id="id_12895287_3030866_3_1">Refinements To Liability and Tax Cash Flows [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_RefinementsToLiabilityAndTaxCashFlowsMember_lbl" xml:lang="en-US" id="id_12895287_3030866_1_1">Refinements To Liability and Tax Cash Flows [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_RefinementsToLiabilityAndTaxCashFlowsMember_lbl" xml:lang="en-US" id="id_12895287_3030866_2_1">Refinements To Liability and Tax Cash Flows [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_RefinementsToLiabilityAndTaxCashFlowsMember" xlink:to="mfc_RefinementsToLiabilityAndTaxCashFlowsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_RegionalDistributionAgreementTerm" xlink:label="mfc_RegionalDistributionAgreementTerm"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_RegionalDistributionAgreementTerm_lbl" xml:lang="en-US" id="id_12895287_2977577_3_1">Regional distribution agreement term.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_RegionalDistributionAgreementTerm_lbl" xml:lang="en-US" id="id_12895287_2977577_1_1">Regional Distribution Agreement Term</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_RegionalDistributionAgreementTerm_lbl" xml:lang="en-US" id="id_12895287_2977577_2_1">Regional distribution agreement term</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_RegionalDistributionAgreementTerm" xlink:to="mfc_RegionalDistributionAgreementTerm_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_RegionalPowerIncMember" xlink:label="mfc_RegionalPowerIncMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_RegionalPowerIncMember_lbl" xml:lang="en-US" id="id_12895287_2997839_3_1">Regional Power Inc.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_RegionalPowerIncMember_lbl" xml:lang="en-US" id="id_12895287_2997839_1_1">Regional Power Inc [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_RegionalPowerIncMember_lbl" xml:lang="en-US" id="id_12895287_2997839_2_1">Regional Power Inc. [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_RegionalPowerIncMember" xlink:to="mfc_RegionalPowerIncMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_RegulatoryRequirementsMember" xlink:label="mfc_RegulatoryRequirementsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_RegulatoryRequirementsMember_lbl" xml:lang="en-US" id="id_12895287_2998229_3_1">Regulatory requirements.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_RegulatoryRequirementsMember_lbl" xml:lang="en-US" id="id_12895287_2998229_1_1">Regulatory Requirements [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_RegulatoryRequirementsMember_lbl" xml:lang="en-US" id="id_12895287_2998229_2_1">Regulatory requirements [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_RegulatoryRequirementsMember" xlink:to="mfc_RegulatoryRequirementsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReinsuranceAssets" xlink:label="ifrs-full_ReinsuranceAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReinsuranceAssets_lbl" xml:lang="en-US" id="id_12895287_2938636_1_1">Reinsurance assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReinsuranceAssets_lbl" xml:lang="en-US" id="id_12895287_2938636_2_1">Reinsurance assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ReinsuranceAssets_lbl" xml:lang="en-US" id="id_12895287_2938636_12_1">Reinsurance assets (note 8)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReinsuranceAssets" xlink:to="ifrs-full_ReinsuranceAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ReinsuranceAssetsMember" xlink:label="mfc_ReinsuranceAssetsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ReinsuranceAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2997734_3_1">Reinsurance assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ReinsuranceAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2997734_1_1">Reinsurance assets [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ReinsuranceAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2997734_2_1">Reinsurance assets [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ReinsuranceAssetsMember" xlink:to="mfc_ReinsuranceAssetsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ReinsuredAmountAtRisk" xlink:label="mfc_ReinsuredAmountAtRisk"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ReinsuredAmountAtRisk_lbl" xml:lang="en-US" id="id_12895287_2968245_3_1">Reinsured amount at risk.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ReinsuredAmountAtRisk_lbl" xml:lang="en-US" id="id_12895287_2968245_1_1">Reinsured Amount At Risk</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ReinsuredAmountAtRisk_lbl" xml:lang="en-US" id="id_12895287_2968245_2_1">Total reinsured, Amount at risk</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ReinsuredAmountAtRisk" xlink:to="mfc_ReinsuredAmountAtRisk_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ReinsuredFundValue" xlink:label="mfc_ReinsuredFundValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ReinsuredFundValue_lbl" xml:lang="en-US" id="id_12895287_2968249_3_1">Reinsured fund value.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ReinsuredFundValue_lbl" xml:lang="en-US" id="id_12895287_2968249_1_1">Reinsured Fund value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ReinsuredFundValue_lbl" xml:lang="en-US" id="id_12895287_2968249_2_1">Total reinsured, Fund value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ReinsuredFundValue" xlink:to="mfc_ReinsuredFundValue_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ReinsuredGuaranteeValue" xlink:label="mfc_ReinsuredGuaranteeValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ReinsuredGuaranteeValue_lbl" xml:lang="en-US" id="id_12895287_2968244_3_1">Reinsured guarantee value.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ReinsuredGuaranteeValue_lbl" xml:lang="en-US" id="id_12895287_2968244_1_1">Reinsured Guarantee Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ReinsuredGuaranteeValue_lbl" xml:lang="en-US" id="id_12895287_2968244_2_1">Total reinsured, Guarantee value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ReinsuredGuaranteeValue" xlink:to="mfc_ReinsuredGuaranteeValue_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReinsurersShareOfAmountArisingFromInsuranceContractsMember" xlink:label="ifrs-full_ReinsurersShareOfAmountArisingFromInsuranceContractsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReinsurersShareOfAmountArisingFromInsuranceContractsMember_lbl" xml:lang="en-US" id="id_12895287_2938386_1_1">Reinsurer's share of amount arising from insurance contracts [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReinsurersShareOfAmountArisingFromInsuranceContractsMember_lbl" xml:lang="en-US" id="id_12895287_2938386_2_1">Reinsurance assets [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReinsurersShareOfAmountArisingFromInsuranceContractsMember" xlink:to="ifrs-full_ReinsurersShareOfAmountArisingFromInsuranceContractsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RentalIncomeFromInvestmentProperty" xlink:label="ifrs-full_RentalIncomeFromInvestmentProperty"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RentalIncomeFromInvestmentProperty_lbl" xml:lang="en-US" id="id_12895287_2939220_1_1">Rental income from investment property</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RentalIncomeFromInvestmentProperty_lbl" xml:lang="en-US" id="id_12895287_2939220_2_1">Rental income from investment properties</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_RentalIncomeFromInvestmentProperty_lbl" xml:lang="en-US" id="id_12895287_2939220_12_1">Rental income, net of depreciation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RentalIncomeFromInvestmentProperty" xlink:to="ifrs-full_RentalIncomeFromInvestmentProperty_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense" xlink:label="ifrs-full_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense_lbl" xml:lang="en-US" id="id_12895287_2938640_1_1">Rental income from investment property, net of direct operating expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense_lbl" xml:lang="en-US" id="id_12895287_2938640_6_1">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense" xlink:to="ifrs-full_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RepaymentsOfBondsNotesAndDebentures" xlink:label="ifrs-full_RepaymentsOfBondsNotesAndDebentures"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RepaymentsOfBondsNotesAndDebentures_lbl" xml:lang="en-US" id="id_12895287_2939114_1_1">Repayments of bonds, notes and debentures</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_RepaymentsOfBondsNotesAndDebentures_lbl" xml:lang="en-US" id="id_12895287_2939114_14_1">Redemption of capital instruments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_RepaymentsOfBondsNotesAndDebentures_lbl" xml:lang="en-US" id="id_12895287_2939114_18_1">Redemption of capital instruments (note 12)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RepaymentsOfBondsNotesAndDebentures" xlink:to="ifrs-full_RepaymentsOfBondsNotesAndDebentures_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RepaymentsOfNoncurrentBorrowings" xlink:label="ifrs-full_RepaymentsOfNoncurrentBorrowings"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RepaymentsOfNoncurrentBorrowings_lbl" xml:lang="en-US" id="id_12895287_2939224_1_1">Repayments of non-current borrowings</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_RepaymentsOfNoncurrentBorrowings_lbl" xml:lang="en-US" id="id_12895287_2939224_14_1">Redemption of long-term debt</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_RepaymentsOfNoncurrentBorrowings_lbl" xml:lang="en-US" id="id_12895287_2939224_18_1">Redemption of long-term debt (note 11)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RepaymentsOfNoncurrentBorrowings" xlink:to="ifrs-full_RepaymentsOfNoncurrentBorrowings_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_RepurchaseAgreements1Member" xlink:label="mfc_RepurchaseAgreements1Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_RepurchaseAgreements1Member_lbl" xml:lang="en-US" id="id_12895287_2997951_3_1">Repurchase agreements.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_RepurchaseAgreements1Member_lbl" xml:lang="en-US" id="id_12895287_2997951_1_1">Repurchase agreements 1 [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_RepurchaseAgreements1Member_lbl" xml:lang="en-US" id="id_12895287_2997951_2_1">Repurchase agreements [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_RepurchaseAgreements1Member" xlink:to="mfc_RepurchaseAgreements1Member_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:label="ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent_lbl" xml:lang="en-US" id="id_12895287_2938643_1_1">Repurchase agreements and cash collateral on securities lent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent_lbl" xml:lang="en-US" id="id_12895287_2938643_2_1">Repurchase transactions recorded as payables</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent" xlink:to="ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReserveOfCashFlowHedges" xlink:label="ifrs-full_ReserveOfCashFlowHedges"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReserveOfCashFlowHedges_lbl" xml:lang="en-US" id="id_12895287_2939225_1_1">Reserve of cash flow hedges</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReserveOfCashFlowHedges_lbl" xml:lang="en-US" id="id_12895287_2939225_2_1">Cash flow hedges</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReserveOfCashFlowHedges" xlink:to="ifrs-full_ReserveOfCashFlowHedges_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:label="ifrs-full_ReserveOfExchangeDifferencesOnTranslation"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReserveOfExchangeDifferencesOnTranslation_lbl" xml:lang="en-US" id="id_12895287_2939227_1_1">Reserve of exchange differences on translation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReserveOfExchangeDifferencesOnTranslation_lbl" xml:lang="en-US" id="id_12895287_2939227_2_1">Translation of foreign operations and real estate revaluation surplus</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReserveOfExchangeDifferencesOnTranslation" xlink:to="ifrs-full_ReserveOfExchangeDifferencesOnTranslation_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssets" xlink:label="ifrs-full_ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2939127_1_1">Reserve of gains and losses on remeasuring available-for-sale financial assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2939127_2_1">Available-for-sale securities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssets" xlink:to="ifrs-full_ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReserveOfRemeasurementsOfDefinedBenefitPlans" xlink:label="ifrs-full_ReserveOfRemeasurementsOfDefinedBenefitPlans"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReserveOfRemeasurementsOfDefinedBenefitPlans_lbl" xml:lang="en-US" id="id_12895287_2938651_1_1">Reserve of remeasurements of defined benefit plans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReserveOfRemeasurementsOfDefinedBenefitPlans_lbl" xml:lang="en-US" id="id_12895287_2938651_2_1">Pension and other post-employment plans</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReserveOfRemeasurementsOfDefinedBenefitPlans" xlink:to="ifrs-full_ReserveOfRemeasurementsOfDefinedBenefitPlans_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ResidentialMortgageAssetbackedSecuritiesMember" xlink:label="mfc_ResidentialMortgageAssetbackedSecuritiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ResidentialMortgageAssetbackedSecuritiesMember_lbl" xml:lang="en-US" id="id_12895287_2998142_3_1">Residential mortgage asset-backed securities [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ResidentialMortgageAssetbackedSecuritiesMember_lbl" xml:lang="en-US" id="id_12895287_2998142_1_1">Residential mortgage asset-backed securities [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ResidentialMortgageAssetbackedSecuritiesMember_lbl" xml:lang="en-US" id="id_12895287_2998142_2_1">Residential mortgage asset-backed securities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ResidentialMortgageAssetbackedSecuritiesMember" xlink:to="mfc_ResidentialMortgageAssetbackedSecuritiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ResidentialMortgageBackedSecurities1Member" xlink:label="mfc_ResidentialMortgageBackedSecurities1Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ResidentialMortgageBackedSecurities1Member_lbl" xml:lang="en-US" id="id_12895287_2995228_3_1">Residential mortgage backed securities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ResidentialMortgageBackedSecurities1Member_lbl" xml:lang="en-US" id="id_12895287_2995228_1_1">Residential Mortgage Backed Securities 1 [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ResidentialMortgageBackedSecurities1Member_lbl" xml:lang="en-US" id="id_12895287_2995228_2_1">RMBS [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ResidentialMortgageBackedSecurities1Member" xlink:to="mfc_ResidentialMortgageBackedSecurities1Member_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ResidentialMortgagesAndLoansToBankClientsMember" xlink:label="mfc_ResidentialMortgagesAndLoansToBankClientsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ResidentialMortgagesAndLoansToBankClientsMember_lbl" xml:lang="en-US" id="id_12895287_2999028_3_1">Residential mortgages and loans to bank clients.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ResidentialMortgagesAndLoansToBankClientsMember_lbl" xml:lang="en-US" id="id_12895287_2999028_1_1">Residential Mortgages And Loans To Bank Clients [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ResidentialMortgagesAndLoansToBankClientsMember_lbl" xml:lang="en-US" id="id_12895287_2999028_2_1">Residential mortgages and loans to bank clients [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ResidentialMortgagesAndLoansToBankClientsMember" xlink:to="mfc_ResidentialMortgagesAndLoansToBankClientsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ResidentialMortgagesMember" xlink:label="mfc_ResidentialMortgagesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ResidentialMortgagesMember_lbl" xml:lang="en-US" id="id_12895287_2997700_3_1">Residential mortgages.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ResidentialMortgagesMember_lbl" xml:lang="en-US" id="id_12895287_2997700_1_1">Residential mortgages [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ResidentialMortgagesMember_lbl" xml:lang="en-US" id="id_12895287_2997700_2_1">Residential mortgages [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ResidentialMortgagesMember" xlink:to="mfc_ResidentialMortgagesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_RestrictedCashAndShorttermSecuritiesMember" xlink:label="mfc_RestrictedCashAndShorttermSecuritiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_RestrictedCashAndShorttermSecuritiesMember_lbl" xml:lang="en-US" id="id_12895287_2998108_3_1">Restricted cash and short-term securities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_RestrictedCashAndShorttermSecuritiesMember_lbl" xml:lang="en-US" id="id_12895287_2998108_1_1">Restricted cash and short-term securities [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_RestrictedCashAndShorttermSecuritiesMember_lbl" xml:lang="en-US" id="id_12895287_2998108_2_1">Restricted cash and short-term securities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_RestrictedCashAndShorttermSecuritiesMember" xlink:to="mfc_RestrictedCashAndShorttermSecuritiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_RestrictedShareUnitsAndPerformanceShareUnitsMember" xlink:label="mfc_RestrictedShareUnitsAndPerformanceShareUnitsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_RestrictedShareUnitsAndPerformanceShareUnitsMember_lbl" xml:lang="en-US" id="id_12895287_2999047_3_1">Restricted share units and performance share units.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_RestrictedShareUnitsAndPerformanceShareUnitsMember_lbl" xml:lang="en-US" id="id_12895287_2999047_1_1">Restricted share units and performance share units [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_RestrictedShareUnitsAndPerformanceShareUnitsMember_lbl" xml:lang="en-US" id="id_12895287_2999047_2_1">Restricted share units and performance share units [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_RestrictedShareUnitsAndPerformanceShareUnitsMember" xlink:to="mfc_RestrictedShareUnitsAndPerformanceShareUnitsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_RestrictedShareUnitsMember" xlink:label="mfc_RestrictedShareUnitsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_RestrictedShareUnitsMember_lbl" xml:lang="en-US" id="id_12895287_2997976_3_1">Restricted share units (RSUs).</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_RestrictedShareUnitsMember_lbl" xml:lang="en-US" id="id_12895287_2997976_1_1">Restricted share units (RSUs) [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_RestrictedShareUnitsMember_lbl" xml:lang="en-US" id="id_12895287_2997976_2_1">Restricted share units (RSUs) [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_RestrictedShareUnitsMember" xlink:to="mfc_RestrictedShareUnitsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_RetailInsuranceBusinessMember" xlink:label="mfc_RetailInsuranceBusinessMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_RetailInsuranceBusinessMember_lbl" xml:lang="en-US" id="id_12895287_3031818_3_1">Retail Insurance Business [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_RetailInsuranceBusinessMember_lbl" xml:lang="en-US" id="id_12895287_3031818_1_1">Retail Insurance Business [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_RetailInsuranceBusinessMember_lbl" xml:lang="en-US" id="id_12895287_3031818_2_1">Retail Insurance Business [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_RetailInsuranceBusinessMember" xlink:to="mfc_RetailInsuranceBusinessMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_RetailMember" xlink:label="mfc_RetailMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_RetailMember_lbl" xml:lang="en-US" id="id_12895287_2995050_3_1">Retail [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_RetailMember_lbl" xml:lang="en-US" id="id_12895287_2995050_1_1">Retail [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_RetailMember_lbl" xml:lang="en-US" id="id_12895287_2995050_2_1">Retail [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_RetailMember" xlink:to="mfc_RetailMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_RetailMutualFundAssetsUnderManagement" xlink:label="mfc_RetailMutualFundAssetsUnderManagement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_RetailMutualFundAssetsUnderManagement_lbl" xml:lang="en-US" id="id_12895287_2962659_3_1">Retail mutual fund assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_RetailMutualFundAssetsUnderManagement_lbl" xml:lang="en-US" id="id_12895287_2962659_1_1">Retail mutual fund assets under management</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_RetailMutualFundAssetsUnderManagement_lbl" xml:lang="en-US" id="id_12895287_2962659_2_1">Retail mutual fund assets under management</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_RetailMutualFundAssetsUnderManagement" xlink:to="mfc_RetailMutualFundAssetsUnderManagement_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RetainedEarnings" xlink:label="ifrs-full_RetainedEarnings"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RetainedEarnings_lbl" xml:lang="en-US" id="id_12895287_2939237_1_1">Retained earnings</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RetainedEarnings_lbl" xml:lang="en-US" id="id_12895287_2939237_2_1">Shareholders' retained earnings</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RetainedEarnings" xlink:to="ifrs-full_RetainedEarnings_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RetainedEarningsMember" xlink:label="ifrs-full_RetainedEarningsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RetainedEarningsMember_lbl" xml:lang="en-US" id="id_12895287_2939238_1_1">Retained earnings [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RetainedEarningsMember_lbl" xml:lang="en-US" id="id_12895287_2939238_2_1">Shareholders' Retained Earnings [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RetainedEarningsMember" xlink:to="ifrs-full_RetainedEarningsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_RetireeWelfarePlansMember" xlink:label="mfc_RetireeWelfarePlansMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_RetireeWelfarePlansMember_lbl" xml:lang="en-US" id="id_12895287_2998183_3_1">Retiree welfare plans.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_RetireeWelfarePlansMember_lbl" xml:lang="en-US" id="id_12895287_2998183_1_1">Retiree welfare plans [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_RetireeWelfarePlansMember_lbl" xml:lang="en-US" id="id_12895287_2998183_2_1">Retiree welfare plans [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_RetireeWelfarePlansMember" xlink:to="mfc_RetireeWelfarePlansMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ReturnOfCapitalFromUnconsolidatedSubsidiaries" xlink:label="mfc_ReturnOfCapitalFromUnconsolidatedSubsidiaries"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ReturnOfCapitalFromUnconsolidatedSubsidiaries_lbl" xml:lang="en-US" id="id_12895287_2962634_3_1">Return of capital from unconsolidated subsidiaries.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ReturnOfCapitalFromUnconsolidatedSubsidiaries_lbl" xml:lang="en-US" id="id_12895287_2962634_1_1">Return of capital from unconsolidated subsidiaries</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ReturnOfCapitalFromUnconsolidatedSubsidiaries_lbl" xml:lang="en-US" id="id_12895287_2962634_2_1">Return of capital from unconsolidated subsidiaries</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ReturnOfCapitalFromUnconsolidatedSubsidiaries" xlink:to="mfc_ReturnOfCapitalFromUnconsolidatedSubsidiaries_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ReturnOfCapitalToParent" xlink:label="mfc_ReturnOfCapitalToParent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ReturnOfCapitalToParent_lbl" xml:lang="en-US" id="id_12895287_2962615_3_1">Return of capital to parent.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ReturnOfCapitalToParent_lbl" xml:lang="en-US" id="id_12895287_2962615_1_1">Return of capital to parent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_ReturnOfCapitalToParent_lbl" xml:lang="en-US" id="id_12895287_2962615_14_1">Return of capital to parent</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ReturnOfCapitalToParent" xlink:to="mfc_ReturnOfCapitalToParent_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2938402_1_1">Return on plan assets, net defined benefit liability (asset)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2938402_2_1">Return on plan assets greater (less) than discount rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_12895287_2938402_14_1">Actuarial gains (losses)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ReturnseekingAssetsMember" xlink:label="mfc_ReturnseekingAssetsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ReturnseekingAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2998127_3_1">Return-seeking assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ReturnseekingAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2998127_1_1">Return-seeking assets [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ReturnseekingAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2998127_2_1">Return-seeking assets [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ReturnseekingAssetsMember" xlink:to="mfc_ReturnseekingAssetsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Revenue" xlink:label="ifrs-full_Revenue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Revenue_lbl" xml:lang="en-US" id="id_12895287_2939244_1_1">Revenue</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Revenue_lbl" xml:lang="en-US" id="id_12895287_2939244_2_1">Total revenue</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_Revenue_lbl" xml:lang="en-US" id="id_12895287_2939244_6_1">Total revenue</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Revenue" xlink:to="ifrs-full_Revenue_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RevenueAbstract" xlink:label="ifrs-full_RevenueAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RevenueAbstract_lbl" xml:lang="en-US" id="id_12895287_2938661_1_1">Revenue [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RevenueAbstract_lbl" xml:lang="en-US" id="id_12895287_2938661_2_1">Revenue</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RevenueAbstract" xlink:to="ifrs-full_RevenueAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RevenueFromDividends" xlink:label="ifrs-full_RevenueFromDividends"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RevenueFromDividends_lbl" xml:lang="en-US" id="id_12895287_2938664_1_1">Dividend income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RevenueFromDividends_lbl" xml:lang="en-US" id="id_12895287_2938664_2_1">Dividend income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RevenueFromDividends" xlink:to="ifrs-full_RevenueFromDividends_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReversalAllowanceAccountForCreditLossesOfFinancialAssets" xlink:label="ifrs-full_ReversalAllowanceAccountForCreditLossesOfFinancialAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReversalAllowanceAccountForCreditLossesOfFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2938674_1_1">Reversal, allowance account for credit losses of financial assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ReversalAllowanceAccountForCreditLossesOfFinancialAssets_lbl" xml:lang="en-US" id="id_12895287_2938674_14_1">Recoveries</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReversalAllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="ifrs-full_ReversalAllowanceAccountForCreditLossesOfFinancialAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:label="ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed_lbl" xml:lang="en-US" id="id_12895287_2939267_1_1">Reverse repurchase agreements and cash collateral on securities borrowed</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed_lbl" xml:lang="en-US" id="id_12895287_2939267_2_1">Reverse repurchase transactions recorded as short-term receivables</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:to="ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ReverseRepurchaseAgreementsMember" xlink:label="mfc_ReverseRepurchaseAgreementsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ReverseRepurchaseAgreementsMember_lbl" xml:lang="en-US" id="id_12895287_2997950_3_1">Reverse repurchase agreements [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ReverseRepurchaseAgreementsMember_lbl" xml:lang="en-US" id="id_12895287_2997950_1_1">Reverse repurchase agreements [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ReverseRepurchaseAgreementsMember_lbl" xml:lang="en-US" id="id_12895287_2997950_2_1">Reverse repurchase agreements [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ReverseRepurchaseAgreementsMember" xlink:to="mfc_ReverseRepurchaseAgreementsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SaleOfInvestmentsMember" xlink:label="mfc_SaleOfInvestmentsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SaleOfInvestmentsMember_lbl" xml:lang="en-US" id="id_12895287_2997622_3_1">Sale of investments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SaleOfInvestmentsMember_lbl" xml:lang="en-US" id="id_12895287_2997622_1_1">Sale of investments [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SaleOfInvestmentsMember_lbl" xml:lang="en-US" id="id_12895287_2997622_2_1">Sale of investments [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SaleOfInvestmentsMember" xlink:to="mfc_SaleOfInvestmentsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SalesFairValueMeasurementAssets" xlink:label="ifrs-full_SalesFairValueMeasurementAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SalesFairValueMeasurementAssets_lbl" xml:lang="en-US" id="id_12895287_2939269_1_1">Sales, fair value measurement, assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_SalesFairValueMeasurementAssets_lbl" xml:lang="en-US" id="id_12895287_2939269_14_1">Sales</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SalesFairValueMeasurementAssets" xlink:to="ifrs-full_SalesFairValueMeasurementAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ScheduleOfPotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsDifferentThanExpectedReturnForPolicyLiabilityValuationLineItems" xlink:label="mfc_ScheduleOfPotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsDifferentThanExpectedReturnForPolicyLiabilityValuationLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ScheduleOfPotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsDifferentThanExpectedReturnForPolicyLiabilityValuationLineItems_lbl" xml:lang="en-US" id="id_12895287_2943168_3_1">Schedule of potential immediate impact on MCCSR arising from changes to public equity returns different than the expected return for policy liability valuation.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ScheduleOfPotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsDifferentThanExpectedReturnForPolicyLiabilityValuationLineItems_lbl" xml:lang="en-US" id="id_12895287_2943168_1_1">Schedule of Potential Immediate Impact on MCCSR by Changes to Public Equity Returns Different than Expected Return for Policy Liability Valuation [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ScheduleOfPotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsDifferentThanExpectedReturnForPolicyLiabilityValuationLineItems_lbl" xml:lang="en-US" id="id_12895287_2943168_2_1">Schedule of Potential Immediate Impact on MCCSR by Changes to Public Equity Returns Different than Expected Return for Policy Liability Valuation [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ScheduleOfPotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsDifferentThanExpectedReturnForPolicyLiabilityValuationLineItems" xlink:to="mfc_ScheduleOfPotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsDifferentThanExpectedReturnForPolicyLiabilityValuationLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ScheduleOfPotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsDifferentThanExpectedReturnForPolicyLiabilityValuationTable" xlink:label="mfc_ScheduleOfPotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsDifferentThanExpectedReturnForPolicyLiabilityValuationTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ScheduleOfPotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsDifferentThanExpectedReturnForPolicyLiabilityValuationTable_lbl" xml:lang="en-US" id="id_12895287_2979504_3_1">Schedule of potential immediate impact on MCCSR by changes to public equity returns different than expected return for policy liability valuation [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ScheduleOfPotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsDifferentThanExpectedReturnForPolicyLiabilityValuationTable_lbl" xml:lang="en-US" id="id_12895287_2979504_1_1">Schedule of Potential Immediate Impact on MCCSR by Changes to Public Equity Returns Different than Expected Return for Policy Liability Valuation [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ScheduleOfPotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsDifferentThanExpectedReturnForPolicyLiabilityValuationTable_lbl" xml:lang="en-US" id="id_12895287_2979504_2_1">Schedule of Potential Immediate Impact on MCCSR by Changes to Public Equity Returns Different than Expected Return for Policy Liability Valuation [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ScheduleOfPotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsDifferentThanExpectedReturnForPolicyLiabilityValuationTable" xlink:to="mfc_ScheduleOfPotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsDifferentThanExpectedReturnForPolicyLiabilityValuationTable_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ScheduleOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsLineItems" xlink:label="mfc_ScheduleOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ScheduleOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsLineItems_lbl" xml:lang="en-US" id="id_12895287_2943165_3_1">Schedule of potential immediate impact on net income attributed to shareholders arising from changes to public equity returns</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ScheduleOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsLineItems_lbl" xml:lang="en-US" id="id_12895287_2943165_1_1">Schedule of Potential Immediate Impact on Net Income Attributed to Shareholders by Changes to Public Equity Returns [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ScheduleOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsLineItems_lbl" xml:lang="en-US" id="id_12895287_2943165_2_1">Schedule of Potential Immediate Impact on Net Income Attributed to Shareholders by Changes to Public Equity Returns [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ScheduleOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsLineItems" xlink:to="mfc_ScheduleOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ScheduleOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsTable" xlink:label="mfc_ScheduleOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ScheduleOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsTable_lbl" xml:lang="en-US" id="id_12895287_2979509_3_1">Schedule of potential immediate impact on net income attributed to shareholders arising from changes to public equity returns.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ScheduleOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsTable_lbl" xml:lang="en-US" id="id_12895287_2979509_1_1">Schedule of Potential Immediate Impact on Net Income Attributed to Shareholders by Changes to Public Equity Returns [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ScheduleOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsTable_lbl" xml:lang="en-US" id="id_12895287_2979509_2_1">Schedule of Potential Immediate Impact on Net Income Attributed to Shareholders by Changes to Public Equity Returns [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ScheduleOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsTable" xlink:to="mfc_ScheduleOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsTable_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SecuredBorrowingLiabilities" xlink:label="mfc_SecuredBorrowingLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SecuredBorrowingLiabilities_lbl" xml:lang="en-US" id="id_12895287_2958560_3_1">The amount of secured borrowing liabilities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SecuredBorrowingLiabilities_lbl" xml:lang="en-US" id="id_12895287_2958560_1_1">Secured Borrowing Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SecuredBorrowingLiabilities_lbl" xml:lang="en-US" id="id_12895287_2958560_2_1">Secured borrowing liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SecuredBorrowingLiabilities" xlink:to="mfc_SecuredBorrowingLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SecuritiesAndOtherInvestmentsMember" xlink:label="mfc_SecuritiesAndOtherInvestmentsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SecuritiesAndOtherInvestmentsMember_lbl" xml:lang="en-US" id="id_12895287_3000411_3_1">Securities and other investments [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SecuritiesAndOtherInvestmentsMember_lbl" xml:lang="en-US" id="id_12895287_3000411_1_1">Securities and other investments [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SecuritiesAndOtherInvestmentsMember_lbl" xml:lang="en-US" id="id_12895287_3000411_2_1">Securities and other investments [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SecuritiesAndOtherInvestmentsMember" xlink:to="mfc_SecuritiesAndOtherInvestmentsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SecuritiesLendingMember" xlink:label="ifrs-full_SecuritiesLendingMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SecuritiesLendingMember_lbl" xml:lang="en-US" id="id_12895287_2938433_1_1">Securities lending [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SecuritiesLendingMember_lbl" xml:lang="en-US" id="id_12895287_2938433_2_1">Securities lending [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SecuritiesLendingMember" xlink:to="ifrs-full_SecuritiesLendingMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SecuritizationByProgramNameAxis" xlink:label="mfc_SecuritizationByProgramNameAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SecuritizationByProgramNameAxis_lbl" xml:lang="en-US" id="id_12895287_2980413_3_1">Securitization By Program Name [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SecuritizationByProgramNameAxis_lbl" xml:lang="en-US" id="id_12895287_2980413_1_1">Securitization By Program Name [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SecuritizationByProgramNameAxis_lbl" xml:lang="en-US" id="id_12895287_2980413_2_1">Securitization By Program Name [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SecuritizationByProgramNameAxis" xlink:to="mfc_SecuritizationByProgramNameAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SecuritizationByProgramNameDomain" xlink:label="mfc_SecuritizationByProgramNameDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SecuritizationByProgramNameDomain_lbl" xml:lang="en-US" id="id_12895287_2994423_3_1">Securitization By Program Name [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SecuritizationByProgramNameDomain_lbl" xml:lang="en-US" id="id_12895287_2994423_1_1">Securitization By Program Name [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SecuritizationByProgramNameDomain_lbl" xml:lang="en-US" id="id_12895287_2994423_2_1">Securitization By Program Name [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SecuritizationByProgramNameDomain" xlink:to="mfc_SecuritizationByProgramNameDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SecuritizedAssets" xlink:label="mfc_SecuritizedAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SecuritizedAssets_lbl" xml:lang="en-US" id="id_12895287_2948645_3_1">Securitized assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SecuritizedAssets_lbl" xml:lang="en-US" id="id_12895287_2948645_1_1">Securitized assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SecuritizedAssets_lbl" xml:lang="en-US" id="id_12895287_2948645_2_1">Securitised Assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SecuritizedAssets" xlink:to="mfc_SecuritizedAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SecuritizedAssetsMember" xlink:label="mfc_SecuritizedAssetsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SecuritizedAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2998110_3_1">Securitized assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SecuritizedAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2998110_1_1">Securitized assets [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SecuritizedAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2998110_2_1">Securitized assets [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SecuritizedAssetsMember" xlink:to="mfc_SecuritizedAssetsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SecuritizedHoldingsByTheTypeAndAssetQuality" xlink:label="mfc_SecuritizedHoldingsByTheTypeAndAssetQuality"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SecuritizedHoldingsByTheTypeAndAssetQuality_lbl" xml:lang="en-US" id="id_12895287_2962657_3_1">Securitized holdings by the type and asset quality.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SecuritizedHoldingsByTheTypeAndAssetQuality_lbl" xml:lang="en-US" id="id_12895287_2962657_1_1">Securitized holdings by the type and asset quality</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SecuritizedHoldingsByTheTypeAndAssetQuality_lbl" xml:lang="en-US" id="id_12895287_2962657_2_1">Securitized holdings</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SecuritizedHoldingsByTheTypeAndAssetQuality" xlink:to="mfc_SecuritizedHoldingsByTheTypeAndAssetQuality_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SecuritizedMember" xlink:label="mfc_SecuritizedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SecuritizedMember_lbl" xml:lang="en-US" id="id_12895287_2997676_3_1">Securitized.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SecuritizedMember_lbl" xml:lang="en-US" id="id_12895287_2997676_1_1">Securitized [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SecuritizedMember_lbl" xml:lang="en-US" id="id_12895287_2997676_2_1">Securitized [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SecuritizedMember" xlink:to="mfc_SecuritizedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SecuritizedMortgagesMember" xlink:label="mfc_SecuritizedMortgagesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SecuritizedMortgagesMember_lbl" xml:lang="en-US" id="id_12895287_2998107_3_1">Securitized mortgages.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SecuritizedMortgagesMember_lbl" xml:lang="en-US" id="id_12895287_2998107_1_1">Securitized mortgages [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SecuritizedMortgagesMember_lbl" xml:lang="en-US" id="id_12895287_2998107_2_1">Securitized mortgages [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SecuritizedMortgagesMember" xlink:to="mfc_SecuritizedMortgagesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SegmentConsolidationItemsAxis" xlink:label="ifrs-full_SegmentConsolidationItemsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SegmentConsolidationItemsAxis_lbl" xml:lang="en-US" id="id_12895287_2939272_1_1">Segment consolidation items [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SegmentConsolidationItemsAxis_lbl" xml:lang="en-US" id="id_12895287_2939272_2_1">Segment consolidation items [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SegmentConsolidationItemsAxis" xlink:to="ifrs-full_SegmentConsolidationItemsAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SegmentsAxis" xlink:label="ifrs-full_SegmentsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SegmentsAxis_lbl" xml:lang="en-US" id="id_12895287_2939373_1_1">Segments [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SegmentsAxis_lbl" xml:lang="en-US" id="id_12895287_2939373_2_1">Segments [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SegmentsAxis" xlink:to="ifrs-full_SegmentsAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SegmentsMember" xlink:label="ifrs-full_SegmentsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SegmentsMember_lbl" xml:lang="en-US" id="id_12895287_2938435_1_1">Segments [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SegmentsMember_lbl" xml:lang="en-US" id="id_12895287_2938435_2_1">Segments [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SegmentsMember" xlink:to="ifrs-full_SegmentsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SegregatedFundsCompositionPercentage" xlink:label="mfc_SegregatedFundsCompositionPercentage"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SegregatedFundsCompositionPercentage_lbl" xml:lang="en-US" id="id_12895287_3022532_3_1">Segregated funds composition percentage.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SegregatedFundsCompositionPercentage_lbl" xml:lang="en-US" id="id_12895287_3022532_1_1">Segregated Funds composition Percentage</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SegregatedFundsCompositionPercentage_lbl" xml:lang="en-US" id="id_12895287_3022532_2_1">Type of fund</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SegregatedFundsCompositionPercentage" xlink:to="mfc_SegregatedFundsCompositionPercentage_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SegregatedFundsMember" xlink:label="mfc_SegregatedFundsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SegregatedFundsMember_lbl" xml:lang="en-US" id="id_12895287_2998175_3_1">Segregated funds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SegregatedFundsMember_lbl" xml:lang="en-US" id="id_12895287_2998175_1_1">Segregated funds [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SegregatedFundsMember_lbl" xml:lang="en-US" id="id_12895287_2998175_2_1">Segregated funds [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SegregatedFundsMember" xlink:to="mfc_SegregatedFundsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SegregatedFundsNetAssets" xlink:label="mfc_SegregatedFundsNetAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SegregatedFundsNetAssets_lbl" xml:lang="en-US" id="id_12895287_2962537_3_1">Segregated funds net assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SegregatedFundsNetAssets_lbl" xml:lang="en-US" id="id_12895287_2962537_1_1">Segregated Funds Net Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="mfc_SegregatedFundsNetAssets_lbl" xml:lang="en-US" id="id_12895287_2962537_4_1">Segregated funds net assets, end of year</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="mfc_SegregatedFundsNetAssets_lbl" xml:lang="en-US" id="id_12895287_2962537_5_1">Segregated funds net assets, beginning of year</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SegregatedFundsNetAssets_lbl" xml:lang="en-US" id="id_12895287_2962537_2_1">Total segregated funds net assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SegregatedFundsNetAssets" xlink:to="mfc_SegregatedFundsNetAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SegregatedFundsNetAssetsHeldByPolicyholders" xlink:label="mfc_SegregatedFundsNetAssetsHeldByPolicyholders"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SegregatedFundsNetAssetsHeldByPolicyholders_lbl" xml:lang="en-US" id="id_12895287_2959295_3_1">Segregated funds net assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SegregatedFundsNetAssetsHeldByPolicyholders_lbl" xml:lang="en-US" id="id_12895287_2959295_1_1">Segregated Funds Net Assets Held By Policyholders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="mfc_SegregatedFundsNetAssetsHeldByPolicyholders_lbl" xml:lang="en-US" id="id_12895287_2959295_32_1">Segregated funds net assets (note 22)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SegregatedFundsNetAssetsHeldByPolicyholders_lbl" xml:lang="en-US" id="id_12895287_2959295_2_1">Held by policyholders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="mfc_SegregatedFundsNetAssetsHeldByPolicyholders_lbl" xml:lang="en-US" id="id_12895287_2959295_12_1">Segregated funds net assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SegregatedFundsNetAssetsHeldByPolicyholders" xlink:to="mfc_SegregatedFundsNetAssetsHeldByPolicyholders_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SegregatedFundsNetAssetsHeldByTheCompany" xlink:label="mfc_SegregatedFundsNetAssetsHeldByTheCompany"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SegregatedFundsNetAssetsHeldByTheCompany_lbl" xml:lang="en-US" id="id_12895287_2962536_3_1">Segregated funds net assets held by the company.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SegregatedFundsNetAssetsHeldByTheCompany_lbl" xml:lang="en-US" id="id_12895287_2962536_1_1">Segregated Funds Net Assets Held By The Company</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SegregatedFundsNetAssetsHeldByTheCompany_lbl" xml:lang="en-US" id="id_12895287_2962536_2_1">Held by the Company</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SegregatedFundsNetAssetsHeldByTheCompany" xlink:to="mfc_SegregatedFundsNetAssetsHeldByTheCompany_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SegregatedFundsNetAssetsMember" xlink:label="mfc_SegregatedFundsNetAssetsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SegregatedFundsNetAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2998190_3_1">Segregated funds net assets [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SegregatedFundsNetAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2998190_1_1">Segregated funds net assets [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SegregatedFundsNetAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2998190_2_1">Segregated funds net assets [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SegregatedFundsNetAssetsMember" xlink:to="mfc_SegregatedFundsNetAssetsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SegregatedFundsNetLiabilities" xlink:label="mfc_SegregatedFundsNetLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SegregatedFundsNetLiabilities_lbl" xml:lang="en-US" id="id_12895287_2959298_3_1">Segregated funds net liabilities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SegregatedFundsNetLiabilities_lbl" xml:lang="en-US" id="id_12895287_2959298_1_1">Segregated Funds Net Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SegregatedFundsNetLiabilities_lbl" xml:lang="en-US" id="id_12895287_2959298_2_1">Segregated funds net liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="mfc_SegregatedFundsNetLiabilities_lbl" xml:lang="en-US" id="id_12895287_2959298_12_1">Segregated funds net liabilities (note 22)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SegregatedFundsNetLiabilities" xlink:to="mfc_SegregatedFundsNetLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SegregatedMutualAndOtherFundsMember" xlink:label="mfc_SegregatedMutualAndOtherFundsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SegregatedMutualAndOtherFundsMember_lbl" xml:lang="en-US" id="id_12895287_2997964_3_1">Segregated, mutual and other funds.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SegregatedMutualAndOtherFundsMember_lbl" xml:lang="en-US" id="id_12895287_2997964_1_1">Segregated, mutual and other funds [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SegregatedMutualAndOtherFundsMember_lbl" xml:lang="en-US" id="id_12895287_2997964_2_1">Related to segregated, mutual and other funds [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SegregatedMutualAndOtherFundsMember" xlink:to="mfc_SegregatedMutualAndOtherFundsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SellingGeneralAndAdministrativeExpense" xlink:label="ifrs-full_SellingGeneralAndAdministrativeExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SellingGeneralAndAdministrativeExpense_lbl" xml:lang="en-US" id="id_12895287_2939374_1_1">Selling, general and administrative expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SellingGeneralAndAdministrativeExpense_lbl" xml:lang="en-US" id="id_12895287_2939374_2_1">General expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SellingGeneralAndAdministrativeExpense" xlink:to="ifrs-full_SellingGeneralAndAdministrativeExpense_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SensitivitiesDiscountRateBasisPointsUsedInFinancialAssumptionExcludingChangeInMarketValueOfAFSFixedIncomeAssets" xlink:label="mfc_SensitivitiesDiscountRateBasisPointsUsedInFinancialAssumptionExcludingChangeInMarketValueOfAFSFixedIncomeAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SensitivitiesDiscountRateBasisPointsUsedInFinancialAssumptionExcludingChangeInMarketValueOfAFSFixedIncomeAssets_lbl" xml:lang="en-US" id="id_12895287_2962957_3_1">Sensitivities discount rate basis points used in financial assumption excluding change in market value of AFS fixed income assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SensitivitiesDiscountRateBasisPointsUsedInFinancialAssumptionExcludingChangeInMarketValueOfAFSFixedIncomeAssets_lbl" xml:lang="en-US" id="id_12895287_2962957_1_1">Sensitivities discount rate basis points used in financial assumption excluding change in market value of AFS fixed income assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SensitivitiesDiscountRateBasisPointsUsedInFinancialAssumptionExcludingChangeInMarketValueOfAFSFixedIncomeAssets_lbl" xml:lang="en-US" id="id_12895287_2962957_2_1">Excluding change in market value of AFS fixed income assets held in the surplus segment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SensitivitiesDiscountRateBasisPointsUsedInFinancialAssumptionExcludingChangeInMarketValueOfAFSFixedIncomeAssets" xlink:to="mfc_SensitivitiesDiscountRateBasisPointsUsedInFinancialAssumptionExcludingChangeInMarketValueOfAFSFixedIncomeAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SensitivitiesDiscountRateBasisPointsUsedInFinancialAssumptionFromFairValueChangesInAFSFixedIncomeAssets" xlink:label="mfc_SensitivitiesDiscountRateBasisPointsUsedInFinancialAssumptionFromFairValueChangesInAFSFixedIncomeAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SensitivitiesDiscountRateBasisPointsUsedInFinancialAssumptionFromFairValueChangesInAFSFixedIncomeAssets_lbl" xml:lang="en-US" id="id_12895287_2962958_3_1">Sensitivities discount rate basis points used in financial assumption from fair value changes in AFS fixed income assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SensitivitiesDiscountRateBasisPointsUsedInFinancialAssumptionFromFairValueChangesInAFSFixedIncomeAssets_lbl" xml:lang="en-US" id="id_12895287_2962958_1_1">Sensitivities discount rate basis points used in financial assumption from fair value changes in AFS fixed income assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SensitivitiesDiscountRateBasisPointsUsedInFinancialAssumptionFromFairValueChangesInAFSFixedIncomeAssets_lbl" xml:lang="en-US" id="id_12895287_2962958_2_1">From fair value changes in AFS fixed income assets held in surplus, if realized</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SensitivitiesDiscountRateBasisPointsUsedInFinancialAssumptionFromFairValueChangesInAFSFixedIncomeAssets" xlink:to="mfc_SensitivitiesDiscountRateBasisPointsUsedInFinancialAssumptionFromFairValueChangesInAFSFixedIncomeAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SensitivitiesMCCSRBasisPointsUsedInFinancialAssumptionExcludingChangeInMarketValueOfAFSFixedIncomeAssets" xlink:label="mfc_SensitivitiesMCCSRBasisPointsUsedInFinancialAssumptionExcludingChangeInMarketValueOfAFSFixedIncomeAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SensitivitiesMCCSRBasisPointsUsedInFinancialAssumptionExcludingChangeInMarketValueOfAFSFixedIncomeAssets_lbl" xml:lang="en-US" id="id_12895287_3022777_3_1">Sensitivities MCCSR basis points used in financial assumption excluding change in market value of AFS fixed income assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SensitivitiesMCCSRBasisPointsUsedInFinancialAssumptionExcludingChangeInMarketValueOfAFSFixedIncomeAssets_lbl" xml:lang="en-US" id="id_12895287_3022777_1_1">Sensitivities MCCSR basis points used in financial assumption excluding change in market value of AFS fixed income assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SensitivitiesMCCSRBasisPointsUsedInFinancialAssumptionExcludingChangeInMarketValueOfAFSFixedIncomeAssets_lbl" xml:lang="en-US" id="id_12895287_3022777_2_1">MLI's MCCSR ratio, before impact of change in market value of AFS fixed income assets held in the surplus segment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SensitivitiesMCCSRBasisPointsUsedInFinancialAssumptionExcludingChangeInMarketValueOfAFSFixedIncomeAssets" xlink:to="mfc_SensitivitiesMCCSRBasisPointsUsedInFinancialAssumptionExcludingChangeInMarketValueOfAFSFixedIncomeAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SensitivitiesMCCSRBasisPointsUsedInFinancialAssumptionFromFairValueChangesInAFSFixedIncomeAssets" xlink:label="mfc_SensitivitiesMCCSRBasisPointsUsedInFinancialAssumptionFromFairValueChangesInAFSFixedIncomeAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SensitivitiesMCCSRBasisPointsUsedInFinancialAssumptionFromFairValueChangesInAFSFixedIncomeAssets_lbl" xml:lang="en-US" id="id_12895287_3022778_3_1">Sensitivities MCCSR basis points used in financial assumption from fair value changes in AFS fixed income assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SensitivitiesMCCSRBasisPointsUsedInFinancialAssumptionFromFairValueChangesInAFSFixedIncomeAssets_lbl" xml:lang="en-US" id="id_12895287_3022778_1_1">Sensitivities MCCSR basis points used in financial assumption from fair value changes in AFS fixed income assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SensitivitiesMCCSRBasisPointsUsedInFinancialAssumptionFromFairValueChangesInAFSFixedIncomeAssets_lbl" xml:lang="en-US" id="id_12895287_3022778_2_1">MLI's MCCSR ratio, from fair value changes in AFS fixed income assets held in surplus, if realized</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SensitivitiesMCCSRBasisPointsUsedInFinancialAssumptionFromFairValueChangesInAFSFixedIncomeAssets" xlink:to="mfc_SensitivitiesMCCSRBasisPointsUsedInFinancialAssumptionFromFairValueChangesInAFSFixedIncomeAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SensitivityBasisPointOfNetIncomeAttributedToShareholders" xlink:label="mfc_SensitivityBasisPointOfNetIncomeAttributedToShareholders"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SensitivityBasisPointOfNetIncomeAttributedToShareholders_lbl" xml:lang="en-US" id="id_12895287_3022776_3_1">Sensitivity basis point of net income attributed to shareholders.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SensitivityBasisPointOfNetIncomeAttributedToShareholders_lbl" xml:lang="en-US" id="id_12895287_3022776_1_1">Sensitivity basis point of net income attributed to shareholders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SensitivityBasisPointOfNetIncomeAttributedToShareholders_lbl" xml:lang="en-US" id="id_12895287_3022776_2_1">Sensitivity of net income attributed to shareholders</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SensitivityBasisPointOfNetIncomeAttributedToShareholders" xlink:to="mfc_SensitivityBasisPointOfNetIncomeAttributedToShareholders_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SeparateManagementEntitiesAxis" xlink:label="ifrs-full_SeparateManagementEntitiesAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SeparateManagementEntitiesAxis_lbl" xml:lang="en-US" id="id_12895287_2939276_1_1">Separate management entities [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SeparateManagementEntitiesAxis_lbl" xml:lang="en-US" id="id_12895287_2939276_2_1">Separate management entities [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SeparateManagementEntitiesAxis" xlink:to="ifrs-full_SeparateManagementEntitiesAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SeparateManagementEntitiesMember" xlink:label="ifrs-full_SeparateManagementEntitiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SeparateManagementEntitiesMember_lbl" xml:lang="en-US" id="id_12895287_2938437_1_1">Separate management entities [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SeparateManagementEntitiesMember_lbl" xml:lang="en-US" id="id_12895287_2938437_2_1">Separate management entities [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SeparateManagementEntitiesMember" xlink:to="ifrs-full_SeparateManagementEntitiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SettlementsFairValueMeasurementAssets" xlink:label="ifrs-full_SettlementsFairValueMeasurementAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SettlementsFairValueMeasurementAssets_lbl" xml:lang="en-US" id="id_12895287_2939380_1_1">Settlements, fair value measurement, assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_SettlementsFairValueMeasurementAssets_lbl" xml:lang="en-US" id="id_12895287_2939380_14_1">Settlements</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SettlementsFairValueMeasurementAssets" xlink:to="ifrs-full_SettlementsFairValueMeasurementAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SettlementsMultipleSignificantUnobservableInputsOnDerivativeInstruments" xlink:label="mfc_SettlementsMultipleSignificantUnobservableInputsOnDerivativeInstruments"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SettlementsMultipleSignificantUnobservableInputsOnDerivativeInstruments_lbl" xml:lang="en-US" id="id_12895287_3031681_3_1">Settlements multiple significant unobservable inputs on derivative instruments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SettlementsMultipleSignificantUnobservableInputsOnDerivativeInstruments_lbl" xml:lang="en-US" id="id_12895287_3031681_1_1">Settlements multiple significant unobservable inputs on derivative instruments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SettlementsMultipleSignificantUnobservableInputsOnDerivativeInstruments_lbl" xml:lang="en-US" id="id_12895287_3031681_2_1">Settlements</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SettlementsMultipleSignificantUnobservableInputsOnDerivativeInstruments" xlink:to="mfc_SettlementsMultipleSignificantUnobservableInputsOnDerivativeInstruments_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SevenPointFiveThreeFivePercentageSeniorDebentureNotesMember" xlink:label="mfc_SevenPointFiveThreeFivePercentageSeniorDebentureNotesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SevenPointFiveThreeFivePercentageSeniorDebentureNotesMember_lbl" xml:lang="en-US" id="id_12895287_2997705_3_1">Seven point five three five percentage senior debenture notes.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SevenPointFiveThreeFivePercentageSeniorDebentureNotesMember_lbl" xml:lang="en-US" id="id_12895287_2997705_1_1">Seven point five three five percentage senior debenture notes [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SevenPointFiveThreeFivePercentageSeniorDebentureNotesMember_lbl" xml:lang="en-US" id="id_12895287_2997705_2_1">7.535% MFCT II Senior debenture notes [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SevenPointFiveThreeFivePercentageSeniorDebentureNotesMember" xlink:to="mfc_SevenPointFiveThreeFivePercentageSeniorDebentureNotesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SevenPointSevenSixEightPercentageMediumTermNotesMember" xlink:label="mfc_SevenPointSevenSixEightPercentageMediumTermNotesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SevenPointSevenSixEightPercentageMediumTermNotesMember_lbl" xml:lang="en-US" id="id_12895287_2999040_3_1">7.768% medium term notes.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SevenPointSevenSixEightPercentageMediumTermNotesMember_lbl" xml:lang="en-US" id="id_12895287_2999040_1_1">Seven Point Seven Six Eight Percentage Medium Term Notes [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SevenPointSevenSixEightPercentageMediumTermNotesMember_lbl" xml:lang="en-US" id="id_12895287_2999040_2_1">7.768% Medium term notes [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SevenPointSevenSixEightPercentageMediumTermNotesMember" xlink:to="mfc_SevenPointSevenSixEightPercentageMediumTermNotesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SevenPointThreeSevenFiveSurplusNotesMember" xlink:label="mfc_SevenPointThreeSevenFiveSurplusNotesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SevenPointThreeSevenFiveSurplusNotesMember_lbl" xml:lang="en-US" id="id_12895287_2997717_3_1">Seven point three seven five surplus notes.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SevenPointThreeSevenFiveSurplusNotesMember_lbl" xml:lang="en-US" id="id_12895287_2997717_1_1">Seven point three seven five surplus notes [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SevenPointThreeSevenFiveSurplusNotesMember_lbl" xml:lang="en-US" id="id_12895287_2997717_2_1">7.375% JHUSA Surplus notes [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SevenPointThreeSevenFiveSurplusNotesMember" xlink:to="mfc_SevenPointThreeSevenFiveSurplusNotesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_SG" xlink:label="country_SG"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_SG_lbl" xml:lang="en-US" id="id_12895287_2934445_1_1">SINGAPORE</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_SG_lbl" xml:lang="en-US" id="id_12895287_2934445_2_1">Singapore [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_SG" xlink:to="country_SG_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod1" xlink:label="mfc_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod1_lbl" xml:lang="en-US" id="id_12895287_2977545_3_1">Period from grant date that an equity-based award expires.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod1_lbl" xml:lang="en-US" id="id_12895287_2977545_1_1">Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period 1</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod1_lbl" xml:lang="en-US" id="id_12895287_2977545_2_1">Option expiration period</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod1" xlink:to="mfc_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod1_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingDate" xlink:label="mfc_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingDate_lbl" xml:lang="en-US" id="id_12895287_2975922_3_1">Sharebased compensation arrangement by sharebased payment award vesting date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingDate_lbl" xml:lang="en-US" id="id_12895287_2975922_1_1">Sharebased compensation arrangement by sharebased payment award vesting date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingDate_lbl" xml:lang="en-US" id="id_12895287_2975922_2_1">Vesting date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingDate" xlink:to="mfc_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingDate_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SharebasedPaymentArrangementsMember" xlink:label="ifrs-full_SharebasedPaymentArrangementsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SharebasedPaymentArrangementsMember_lbl" xml:lang="en-US" id="id_12895287_2939381_1_1">Share-based payment arrangements [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SharebasedPaymentArrangementsMember_lbl" xml:lang="en-US" id="id_12895287_2939381_2_1">Share-based payment arrangements [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SharebasedPaymentArrangementsMember" xlink:to="ifrs-full_SharebasedPaymentArrangementsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ShareBasedPaymentsArrangementsMember" xlink:label="mfc_ShareBasedPaymentsArrangementsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ShareBasedPaymentsArrangementsMember_lbl" xml:lang="en-US" id="id_12895287_2980685_3_1">Share based payments arrangements.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ShareBasedPaymentsArrangementsMember_lbl" xml:lang="en-US" id="id_12895287_2980685_1_1">Share based payments arrangements [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ShareBasedPaymentsArrangementsMember_lbl" xml:lang="en-US" id="id_12895287_2980685_2_1">Share based payments arrangements [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ShareBasedPaymentsArrangementsMember" xlink:to="mfc_ShareBasedPaymentsArrangementsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ShareIssueRelatedCost" xlink:label="ifrs-full_ShareIssueRelatedCost"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ShareIssueRelatedCost_lbl" xml:lang="en-US" id="id_12895287_2938440_1_1">Share issue related cost</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ShareIssueRelatedCost_lbl" xml:lang="en-US" id="id_12895287_2938440_14_1">Issuance costs, net of tax</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShareIssueRelatedCost" xlink:to="ifrs-full_ShareIssueRelatedCost_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:label="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax_lbl" xml:lang="en-US" id="id_12895287_2938446_1_1">Share of other comprehensive income of associates and joint ventures accounted for using equity method that will be reclassified to profit or loss, net of tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax_lbl" xml:lang="en-US" id="id_12895287_2938446_2_1">Share of other comprehensive income of associates</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:to="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl" xml:lang="en-US" id="id_12895287_2939280_1_1">Share of profit (loss) of associates and joint ventures accounted for using equity method</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl" xml:lang="en-US" id="id_12895287_2939280_2_1">Profit (loss) from associates and joint ventures</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SharesReservedForIssueUnderOptionsAndContractsForSaleOfShares" xlink:label="ifrs-full_SharesReservedForIssueUnderOptionsAndContractsForSaleOfShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SharesReservedForIssueUnderOptionsAndContractsForSaleOfShares_lbl" xml:lang="en-US" id="id_12895287_2939393_1_1">Number of shares reserved for issue under options and contracts for sale of shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SharesReservedForIssueUnderOptionsAndContractsForSaleOfShares_lbl" xml:lang="en-US" id="id_12895287_2939393_2_1">Shares reserved for future issuance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SharesReservedForIssueUnderOptionsAndContractsForSaleOfShares" xlink:to="ifrs-full_SharesReservedForIssueUnderOptionsAndContractsForSaleOfShares_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents" xlink:label="ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents_lbl" xml:lang="en-US" id="id_12895287_2938697_1_1">Short-term investments, classified as cash equivalents</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents_lbl" xml:lang="en-US" id="id_12895287_2938697_2_1">Cash and short-term securities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents_lbl" xml:lang="en-US" id="id_12895287_2938697_12_1">Short-term securities with maturities of less than one year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents" xlink:to="ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:label="ifrs-full_SignificantInvestmentsInAssociatesAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SignificantInvestmentsInAssociatesAxis_lbl" xml:lang="en-US" id="id_12895287_2939401_1_1">Associates [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SignificantInvestmentsInAssociatesAxis_lbl" xml:lang="en-US" id="id_12895287_2939401_2_1">Associates [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:to="ifrs-full_SignificantInvestmentsInAssociatesAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:label="ifrs-full_SignificantInvestmentsInSubsidiariesAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SignificantInvestmentsInSubsidiariesAxis_lbl" xml:lang="en-US" id="id_12895287_2938455_1_1">Subsidiaries [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SignificantInvestmentsInSubsidiariesAxis_lbl" xml:lang="en-US" id="id_12895287_2938455_2_1">Subsidiaries [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:to="ifrs-full_SignificantInvestmentsInSubsidiariesAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SpreadPeriodToGradeToLongtermAverage" xlink:label="mfc_SpreadPeriodToGradeToLongtermAverage"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SpreadPeriodToGradeToLongtermAverage_lbl" xml:lang="en-US" id="id_12895287_2977604_3_1">Spread Period to grade to long-term average.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SpreadPeriodToGradeToLongtermAverage_lbl" xml:lang="en-US" id="id_12895287_2977604_1_1">Spread Period to grade to long-term average</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SpreadPeriodToGradeToLongtermAverage_lbl" xml:lang="en-US" id="id_12895287_2977604_2_1">Spreads period assumed to grade to long-term average</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SpreadPeriodToGradeToLongtermAverage" xlink:to="mfc_SpreadPeriodToGradeToLongtermAverage_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_StandardCharteredsMandatoryProvidentFundAndOccupationalRetirementSchemesOrdinanceMember" xlink:label="mfc_StandardCharteredsMandatoryProvidentFundAndOccupationalRetirementSchemesOrdinanceMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_StandardCharteredsMandatoryProvidentFundAndOccupationalRetirementSchemesOrdinanceMember_lbl" xml:lang="en-US" id="id_12895287_2997703_3_1">Standard Chartered's mandatory provident fund and occupational retirement schemes ordinance.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_StandardCharteredsMandatoryProvidentFundAndOccupationalRetirementSchemesOrdinanceMember_lbl" xml:lang="en-US" id="id_12895287_2997703_1_1">Standard Chartereds Mandatory Provident Fund and Occupational Retirement Schemes Ordinance [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_StandardCharteredsMandatoryProvidentFundAndOccupationalRetirementSchemesOrdinanceMember_lbl" xml:lang="en-US" id="id_12895287_2997703_2_1">Standard Chartered's Mandatory Provident Fund and Occupational Retirement Schemes Ordinance [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_StandardCharteredsMandatoryProvidentFundAndOccupationalRetirementSchemesOrdinanceMember" xlink:to="mfc_StandardCharteredsMandatoryProvidentFundAndOccupationalRetirementSchemesOrdinanceMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_StandardCharteredsMandatoryProvidentFundMember" xlink:label="mfc_StandardCharteredsMandatoryProvidentFundMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_StandardCharteredsMandatoryProvidentFundMember_lbl" xml:lang="en-US" id="id_12895287_2997596_3_1">Standard Chartered's mandatory provident fund.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_StandardCharteredsMandatoryProvidentFundMember_lbl" xml:lang="en-US" id="id_12895287_2997596_1_1">Standard chartereds mandatory provident fund [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_StandardCharteredsMandatoryProvidentFundMember_lbl" xml:lang="en-US" id="id_12895287_2997596_2_1">Standard Chartered's MPF [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_StandardCharteredsMandatoryProvidentFundMember" xlink:to="mfc_StandardCharteredsMandatoryProvidentFundMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_StandardLifePlcMember" xlink:label="mfc_StandardLifePlcMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_StandardLifePlcMember_lbl" xml:lang="en-US" id="id_12895287_2997714_3_1">Standard life plc.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_StandardLifePlcMember_lbl" xml:lang="en-US" id="id_12895287_2997714_1_1">Standard Life plc [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_StandardLifePlcMember_lbl" xml:lang="en-US" id="id_12895287_2997714_2_1">Standard Life Plc [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_StandardLifePlcMember" xlink:to="mfc_StandardLifePlcMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="us-gaap_StatementClassOfStockAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xml:lang="en-US" id="id_12895287_2932724_1_1">Class of Stock [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StatementClassOfStockAxis_lbl" xml:lang="en-US" id="id_12895287_2932724_2_1">Class of Stock [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementClassOfStockAxis" xlink:to="us-gaap_StatementClassOfStockAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="us-gaap_StatementLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementLineItems_lbl" xml:lang="en-US" id="id_12895287_2932443_1_1">Statement [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StatementLineItems_lbl" xml:lang="en-US" id="id_12895287_2932443_2_1">Statement [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StatementLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_StatementOfCashFlowsAbstract" xlink:label="ifrs-full_StatementOfCashFlowsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_StatementOfCashFlowsAbstract_lbl" xml:lang="en-US" id="id_12895287_2938700_1_1">Statement of cash flows [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_StatementOfCashFlowsAbstract_lbl" xml:lang="en-US" id="id_12895287_2938700_2_1">Statement of cash flows [abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfCashFlowsAbstract" xlink:to="ifrs-full_StatementOfCashFlowsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_StatementOfChangesInEquityAbstract" xlink:label="ifrs-full_StatementOfChangesInEquityAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_StatementOfChangesInEquityAbstract_lbl" xml:lang="en-US" id="id_12895287_2938457_1_1">Statement of changes in equity [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_StatementOfChangesInEquityAbstract_lbl" xml:lang="en-US" id="id_12895287_2938457_2_1">Statement of changes in equity [abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfChangesInEquityAbstract" xlink:to="ifrs-full_StatementOfChangesInEquityAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_StatementOfChangesInEquityLineItems" xlink:label="ifrs-full_StatementOfChangesInEquityLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_StatementOfChangesInEquityLineItems_lbl" xml:lang="en-US" id="id_12895287_2939282_1_1">Statement of changes in equity [line items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_StatementOfChangesInEquityLineItems_lbl" xml:lang="en-US" id="id_12895287_2939282_2_1">Statement of changes in equity [line items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfChangesInEquityLineItems" xlink:to="ifrs-full_StatementOfChangesInEquityLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_StatementOfChangesInEquityTable" xlink:label="ifrs-full_StatementOfChangesInEquityTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_StatementOfChangesInEquityTable_lbl" xml:lang="en-US" id="id_12895287_2938701_1_1">Statement of changes in equity [table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_StatementOfChangesInEquityTable_lbl" xml:lang="en-US" id="id_12895287_2938701_2_1">Statement of changes in equity [table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfChangesInEquityTable" xlink:to="ifrs-full_StatementOfChangesInEquityTable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:label="ifrs-full_StatementOfComprehensiveIncomeAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_StatementOfComprehensiveIncomeAbstract_lbl" xml:lang="en-US" id="id_12895287_2938458_1_1">Statement of comprehensive income [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_StatementOfComprehensiveIncomeAbstract_lbl" xml:lang="en-US" id="id_12895287_2938458_2_1">Statement of comprehensive income [abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:to="ifrs-full_StatementOfComprehensiveIncomeAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_StatementOfFinancialPositionAbstract" xlink:label="ifrs-full_StatementOfFinancialPositionAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_StatementOfFinancialPositionAbstract_lbl" xml:lang="en-US" id="id_12895287_2938702_1_1">Statement of financial position [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_StatementOfFinancialPositionAbstract_lbl" xml:lang="en-US" id="id_12895287_2938702_2_1">Statement of financial position [abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfFinancialPositionAbstract" xlink:to="ifrs-full_StatementOfFinancialPositionAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_StatementOfFinancialStatementsLineItems" xlink:label="mfc_StatementOfFinancialStatementsLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_StatementOfFinancialStatementsLineItems_lbl" xml:lang="en-US" id="id_12895287_2942913_3_1">Statement of financial statements [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_StatementOfFinancialStatementsLineItems_lbl" xml:lang="en-US" id="id_12895287_2942913_1_1">Statement of financial statements [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_StatementOfFinancialStatementsLineItems_lbl" xml:lang="en-US" id="id_12895287_2942913_2_1">Statement of financial statements [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_StatementOfFinancialStatementsLineItems" xlink:to="mfc_StatementOfFinancialStatementsLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_StatementOfFinancialStatementsTable" xlink:label="mfc_StatementOfFinancialStatementsTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_StatementOfFinancialStatementsTable_lbl" xml:lang="en-US" id="id_12895287_2979342_3_1">Statement of financial statements [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_StatementOfFinancialStatementsTable_lbl" xml:lang="en-US" id="id_12895287_2979342_1_1">Statement of financial statements [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_StatementOfFinancialStatementsTable_lbl" xml:lang="en-US" id="id_12895287_2979342_2_1">Statement of financial statements [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_StatementOfFinancialStatementsTable" xlink:to="mfc_StatementOfFinancialStatementsTable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="us-gaap_StatementTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementTable_lbl" xml:lang="en-US" id="id_12895287_2932188_1_1">Statement [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StatementTable_lbl" xml:lang="en-US" id="id_12895287_2932188_2_1">Statement [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementTable_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_StockBasedCompensationMember" xlink:label="mfc_StockBasedCompensationMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_StockBasedCompensationMember_lbl" xml:lang="en-US" id="id_12895287_2997793_3_1">Stock based compensation.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_StockBasedCompensationMember_lbl" xml:lang="en-US" id="id_12895287_2997793_1_1">Stock based compensation [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_StockBasedCompensationMember_lbl" xml:lang="en-US" id="id_12895287_2997793_2_1">Stock-based compensation [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_StockBasedCompensationMember" xlink:to="mfc_StockBasedCompensationMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SubclassificationsOfAssetsLiabilitiesAndEquitiesAbstract" xlink:label="ifrs-full_SubclassificationsOfAssetsLiabilitiesAndEquitiesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SubclassificationsOfAssetsLiabilitiesAndEquitiesAbstract_lbl" xml:lang="en-US" id="id_12895287_2938461_1_1">Subclassifications of assets, liabilities and equities [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SubclassificationsOfAssetsLiabilitiesAndEquitiesAbstract_lbl" xml:lang="en-US" id="id_12895287_2938461_2_1">Subclassifications of assets, liabilities and equities [abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SubclassificationsOfAssetsLiabilitiesAndEquitiesAbstract" xlink:to="ifrs-full_SubclassificationsOfAssetsLiabilitiesAndEquitiesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SubordinatedDebenturesDueOnDecember152041Member" xlink:label="mfc_SubordinatedDebenturesDueOnDecember152041Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SubordinatedDebenturesDueOnDecember152041Member_lbl" xml:lang="en-US" id="id_12895287_2998156_3_1">Subordinated debentures due on December 15, 2041.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SubordinatedDebenturesDueOnDecember152041Member_lbl" xml:lang="en-US" id="id_12895287_2998156_1_1">Subordinated Debentures Due On December 15, 2041 [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SubordinatedDebenturesDueOnDecember152041Member_lbl" xml:lang="en-US" id="id_12895287_2998156_2_1">Subordinated debentures due on December 15, 2041 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SubordinatedDebenturesDueOnDecember152041Member" xlink:to="mfc_SubordinatedDebenturesDueOnDecember152041Member_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SubordinateGuaranteeIssued" xlink:label="mfc_SubordinateGuaranteeIssued"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SubordinateGuaranteeIssued_lbl" xml:lang="en-US" id="id_12895287_2963246_3_1">Subordinate guarantee issued.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_SubordinateGuaranteeIssued_lbl" xml:lang="en-US" id="id_12895287_2963246_1_1">Subordinate guarantee issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_SubordinateGuaranteeIssued_lbl" xml:lang="en-US" id="id_12895287_2963246_2_1">Subordinate guaranteed issued</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_SubordinateGuaranteeIssued" xlink:to="mfc_SubordinateGuaranteeIssued_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_SummaryOfCreditQualityAndCarryingValueOfCommercialMortgageAndPrivatePlacementTextBlock" xlink:label="mfc_SummaryOfCreditQualityAndCarryingValueOfCommercialMortgageAndPrivatePlacementTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_SummaryOfCreditQualityAndCarryingValueOfCommercialMortgageAndPrivatePlacementTextBlock_lbl" xml:lang="en-US" id="id_12895287_3030886_3_1">Summary of credit quality and carrying value of commercial mortgages and private placements.</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_SwapContractMember" xlink:label="ifrs-full_SwapContractMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SwapContractMember_lbl" xml:lang="en-US" id="id_12895287_2938706_1_1">Swap contract [member]</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TaxBenefitArisingFromPreviouslyUnrecognisedTaxLossTaxCreditOrTemporaryDifferenceOfPriorPeriodUsedToReduceDeferredTaxExpense" xlink:label="ifrs-full_TaxBenefitArisingFromPreviouslyUnrecognisedTaxLossTaxCreditOrTemporaryDifferenceOfPriorPeriodUsedToReduceDeferredTaxExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TaxBenefitArisingFromPreviouslyUnrecognisedTaxLossTaxCreditOrTemporaryDifferenceOfPriorPeriodUsedToReduceDeferredTaxExpense_lbl" xml:lang="en-US" id="id_12895287_2938707_1_1">Tax benefit arising from previously unrecognised tax loss, tax credit or temporary difference of prior period used to reduce deferred tax expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TaxBenefitArisingFromPreviouslyUnrecognisedTaxLossTaxCreditOrTemporaryDifferenceOfPriorPeriodUsedToReduceDeferredTaxExpense_lbl" xml:lang="en-US" id="id_12895287_2938707_2_1">Deferred tax assets - recognition dependent on future taxable profits</label>
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    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TaxCreditCarryForwardsExpiredInFuture" xlink:label="mfc_TaxCreditCarryForwardsExpiredInFuture"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TaxCreditCarryForwardsExpiredInFuture_lbl" xml:lang="en-US" id="id_12895287_2962129_3_1">Tax credit carry forwards expired in future.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TaxCreditCarryForwardsExpiredInFuture_lbl" xml:lang="en-US" id="id_12895287_2962129_1_1">Tax credit carry forwards expired in future</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TaxCreditCarryForwardsExpiredInFuture_lbl" xml:lang="en-US" id="id_12895287_2962129_2_1">Tax credit carry forwards which expire in future</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TaxCreditCarryForwardsExpiredInFuture" xlink:to="mfc_TaxCreditCarryForwardsExpiredInFuture_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TaxCreditLossCarryForwardExpiration" xlink:label="mfc_TaxCreditLossCarryForwardExpiration"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TaxCreditLossCarryForwardExpiration_lbl" xml:lang="en-US" id="id_12895287_2975602_3_1">Tax credit loss carry forward expiration.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TaxCreditLossCarryForwardExpiration_lbl" xml:lang="en-US" id="id_12895287_2975602_1_1">Tax credit loss carry forward expiration</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TaxCreditLossCarryForwardExpiration_lbl" xml:lang="en-US" id="id_12895287_2975602_2_1">Tax credit/Loss carryforwards expiration period</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TaxCreditLossCarryForwardExpiration" xlink:to="mfc_TaxCreditLossCarryForwardExpiration_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TaxEffectFromChangeInTaxRate" xlink:label="ifrs-full_TaxEffectFromChangeInTaxRate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TaxEffectFromChangeInTaxRate_lbl" xml:lang="en-US" id="id_12895287_2939298_1_1">Tax effect from change in tax rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TaxEffectFromChangeInTaxRate_lbl" xml:lang="en-US" id="id_12895287_2939298_2_1">Impact of U.S. Tax Reform</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxEffectFromChangeInTaxRate" xlink:to="ifrs-full_TaxEffectFromChangeInTaxRate_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TaxEffectFromChangeInTaxRateInInsuranceContracts" xlink:label="mfc_TaxEffectFromChangeInTaxRateInInsuranceContracts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TaxEffectFromChangeInTaxRateInInsuranceContracts_lbl" xml:lang="en-US" id="id_12895287_3031689_3_1">Tax effect from change in tax rate in insurance contracts.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TaxEffectFromChangeInTaxRateInInsuranceContracts_lbl" xml:lang="en-US" id="id_12895287_3031689_1_1">Tax effect from change in tax rate, in insurance contracts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TaxEffectFromChangeInTaxRateInInsuranceContracts_lbl" xml:lang="en-US" id="id_12895287_3031689_2_1">Impact of U.S. Tax Reform</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_TaxEffectFromChangeInTaxRateInInsuranceContracts_lbl" xml:lang="en-US" id="id_12895287_3031689_14_1">Impact of U.S. Tax Reform</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TaxEffectFromChangeInTaxRateInInsuranceContracts" xlink:to="mfc_TaxEffectFromChangeInTaxRateInInsuranceContracts_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TaxEffectFromChangeInTaxRateInInsuranceContractsPostTax" xlink:label="mfc_TaxEffectFromChangeInTaxRateInInsuranceContractsPostTax"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TaxEffectFromChangeInTaxRateInInsuranceContractsPostTax_lbl" xml:lang="en-US" id="id_12895287_3032394_3_1">Tax effect from change in tax rate, in insurance contracts, post tax.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TaxEffectFromChangeInTaxRateInInsuranceContractsPostTax_lbl" xml:lang="en-US" id="id_12895287_3032394_1_1">Tax effect from change in tax rate, in insurance contracts, post tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TaxEffectFromChangeInTaxRateInInsuranceContractsPostTax_lbl" xml:lang="en-US" id="id_12895287_3032394_2_1">Impact of U.S. Tax Reform, post-tax</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TaxEffectOfForeignTaxRates" xlink:label="ifrs-full_TaxEffectOfForeignTaxRates"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TaxEffectOfForeignTaxRates_lbl" xml:lang="en-US" id="id_12895287_2939415_1_1">Tax effect of foreign tax rates</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TaxEffectOfForeignTaxRates_lbl" xml:lang="en-US" id="id_12895287_2939415_2_1">Differences in tax rate on income not subject to tax in Canada</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxEffectOfForeignTaxRates" xlink:to="ifrs-full_TaxEffectOfForeignTaxRates_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TaxEffectOfRecoveryOfUnrecognizedTaxLossesOfPriorYears" xlink:label="mfc_TaxEffectOfRecoveryOfUnrecognizedTaxLossesOfPriorYears"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TaxEffectOfRecoveryOfUnrecognizedTaxLossesOfPriorYears_lbl" xml:lang="en-US" id="id_12895287_2962117_3_1">Tax effect of recovery of unrecognized tax losses of prior years.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TaxEffectOfRecoveryOfUnrecognizedTaxLossesOfPriorYears_lbl" xml:lang="en-US" id="id_12895287_2962117_1_1">Tax effect of recovery of unrecognized tax losses of prior years</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_TaxEffectOfRecoveryOfUnrecognizedTaxLossesOfPriorYears_lbl" xml:lang="en-US" id="id_12895287_2962117_14_1">Recovery of unrecognized tax losses of prior years</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TaxEffectOfRevenuesExemptFromTaxation2011" xlink:label="ifrs-full_TaxEffectOfRevenuesExemptFromTaxation2011"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TaxEffectOfRevenuesExemptFromTaxation2011_lbl" xml:lang="en-US" id="id_12895287_2938709_1_1">Tax effect of revenues exempt from taxation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_TaxEffectOfRevenuesExemptFromTaxation2011_lbl" xml:lang="en-US" id="id_12895287_2938709_14_1">Tax-exempt investment income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxEffectOfRevenuesExemptFromTaxation2011" xlink:to="ifrs-full_TaxEffectOfRevenuesExemptFromTaxation2011_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TaxEffectOfTaxLosses" xlink:label="ifrs-full_TaxEffectOfTaxLosses"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TaxEffectOfTaxLosses_lbl" xml:lang="en-US" id="id_12895287_2939300_1_1">Tax effect of tax losses</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TaxEffectOfTaxLosses_lbl" xml:lang="en-US" id="id_12895287_2939300_2_1">Tax losses and temporary differences not recognized as deferred taxes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxEffectOfTaxLosses" xlink:to="ifrs-full_TaxEffectOfTaxLosses_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:label="ifrs-full_TaxExpenseIncomeAtApplicableTaxRate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TaxExpenseIncomeAtApplicableTaxRate_lbl" xml:lang="en-US" id="id_12895287_2939416_1_1">Tax expense (income) at applicable tax rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TaxExpenseIncomeAtApplicableTaxRate_lbl" xml:lang="en-US" id="id_12895287_2939416_2_1">Income tax expense at Canadian statutory tax rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:to="ifrs-full_TaxExpenseIncomeAtApplicableTaxRate_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TaxRateAppliedToCashFlowProjections" xlink:label="mfc_TaxRateAppliedToCashFlowProjections"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TaxRateAppliedToCashFlowProjections_lbl" xml:lang="en-US" id="id_12895287_3022694_3_1">The tax rate applied to cash flow projections for a cash-generating unit (group of units).</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TaxRateAppliedToCashFlowProjections_lbl" xml:lang="en-US" id="id_12895287_3022694_1_1">Tax rate applied to cash flow projections</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TaxRateAppliedToCashFlowProjections_lbl" xml:lang="en-US" id="id_12895287_3022694_2_1">Tax rate applied to cash flow projections</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TaxRateAppliedToCashFlowProjections" xlink:to="mfc_TaxRateAppliedToCashFlowProjections_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TechnologybasedIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:label="ifrs-full_TechnologybasedIntangibleAssetsRecognisedAsOfAcquisitionDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TechnologybasedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US" id="id_12895287_2939139_1_1">Technology-based intangible assets recognised as of acquisition date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TechnologybasedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US" id="id_12895287_2939139_2_1">Network intangible recognized</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TechnologybasedIntangibleAssetsRecognisedAsOfAcquisitionDate" xlink:to="ifrs-full_TechnologybasedIntangibleAssetsRecognisedAsOfAcquisitionDate_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TechnologyMember" xlink:label="mfc_TechnologyMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TechnologyMember_lbl" xml:lang="en-US" id="id_12895287_2997673_3_1">Technology.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TechnologyMember_lbl" xml:lang="en-US" id="id_12895287_2997673_1_1">Technology [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TechnologyMember_lbl" xml:lang="en-US" id="id_12895287_2997673_2_1">Technology [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TechnologyMember" xlink:to="mfc_TechnologyMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TelecommunicationsMember" xlink:label="mfc_TelecommunicationsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TelecommunicationsMember_lbl" xml:lang="en-US" id="id_12895287_2997674_3_1">Telecommunications.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TelecommunicationsMember_lbl" xml:lang="en-US" id="id_12895287_2997674_1_1">Telecommunications [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TelecommunicationsMember_lbl" xml:lang="en-US" id="id_12895287_2997674_2_1">Telecommunications [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TelecommunicationsMember" xlink:to="mfc_TelecommunicationsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TemporaryDifferencesAssociatedWithInvestmentsInSubsidiariesBranchesAndAssociatesAndInterestsInJointVentures" xlink:label="ifrs-full_TemporaryDifferencesAssociatedWithInvestmentsInSubsidiariesBranchesAndAssociatesAndInterestsInJointVentures"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TemporaryDifferencesAssociatedWithInvestmentsInSubsidiariesBranchesAndAssociatesAndInterestsInJointVentures_lbl" xml:lang="en-US" id="id_12895287_2938472_1_1">Temporary differences associated with investments in subsidiaries, branches and associates and interests in joint arrangements for which deferred tax liabilities have not been recognised</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TemporaryDifferencesAssociatedWithInvestmentsInSubsidiariesBranchesAndAssociatesAndInterestsInJointVentures_lbl" xml:lang="en-US" id="id_12895287_2938472_2_1">Aggregate amount of taxable temporary differences associated with the Company's own investments in subsidiaries, not included in financial statements</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TemporaryDifferencesAssociatedWithInvestmentsInSubsidiariesBranchesAndAssociatesAndInterestsInJointVentures" xlink:to="ifrs-full_TemporaryDifferencesAssociatedWithInvestmentsInSubsidiariesBranchesAndAssociatesAndInterestsInJointVentures_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:label="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis_lbl" xml:lang="en-US" id="id_12895287_2939420_1_1">Temporary difference, unused tax losses and unused tax credits [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis_lbl" xml:lang="en-US" id="id_12895287_2939420_2_1">Temporary difference, unused tax losses and unused tax credits [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:to="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember" xlink:label="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember_lbl" xml:lang="en-US" id="id_12895287_2939421_1_1">Temporary difference, unused tax losses and unused tax credits [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember_lbl" xml:lang="en-US" id="id_12895287_2939421_2_1">Temporary difference, unused tax losses and unused tax credits [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember" xlink:to="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TenPercentAdverseChangeInFutureTerminationRatesMember" xlink:label="mfc_TenPercentAdverseChangeInFutureTerminationRatesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TenPercentAdverseChangeInFutureTerminationRatesMember_lbl" xml:lang="en-US" id="id_12895287_2997855_3_1">This member stands for ten percent adverse change in future termination rates.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TenPercentAdverseChangeInFutureTerminationRatesMember_lbl" xml:lang="en-US" id="id_12895287_2997855_1_1">Ten percent adverse change in future termination rates [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TenPercentAdverseChangeInFutureTerminationRatesMember_lbl" xml:lang="en-US" id="id_12895287_2997855_2_1">10% Adverse change in future termination rates [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TenPercentAdverseChangeInFutureTerminationRatesMember" xlink:to="mfc_TenPercentAdverseChangeInFutureTerminationRatesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TenPercentageChangeInCanadianDollarRelativeToTheUSDollarAndTheHongKongDollarMember" xlink:label="mfc_TenPercentageChangeInCanadianDollarRelativeToTheUSDollarAndTheHongKongDollarMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TenPercentageChangeInCanadianDollarRelativeToTheUSDollarAndTheHongKongDollarMember_lbl" xml:lang="en-US" id="id_12895287_2999286_3_1">Ten percentage change in Canadian dollar relative to the U.S. dollar and the Hong Kong dollar.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TenPercentageChangeInCanadianDollarRelativeToTheUSDollarAndTheHongKongDollarMember_lbl" xml:lang="en-US" id="id_12895287_2999286_1_1">Ten percentage change in Canadian dollar relative to the U.S. dollar and the Hong Kong dollar [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TenPercentageChangeInCanadianDollarRelativeToTheUSDollarAndTheHongKongDollarMember_lbl" xml:lang="en-US" id="id_12895287_2999286_2_1">10% change in the Canadian dollar relative to the U.S. dollar and the Hong Kong dollar [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TenPercentageChangeInCanadianDollarRelativeToTheUSDollarAndTheHongKongDollarMember" xlink:to="mfc_TenPercentageChangeInCanadianDollarRelativeToTheUSDollarAndTheHongKongDollarMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TenPercentageChangeInMarketValueOfEquityMember" xlink:label="mfc_TenPercentageChangeInMarketValueOfEquityMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TenPercentageChangeInMarketValueOfEquityMember_lbl" xml:lang="en-US" id="id_12895287_2999256_3_1">10% change in market value of equity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TenPercentageChangeInMarketValueOfEquityMember_lbl" xml:lang="en-US" id="id_12895287_2999256_1_1">Ten Percentage Change in Market Value of Equity [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TenPercentageChangeInMarketValueOfEquityMember_lbl" xml:lang="en-US" id="id_12895287_2999256_2_1">10% [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TenPercentageChangeInMarketValueOfEquityMember" xlink:to="mfc_TenPercentageChangeInMarketValueOfEquityMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TenPercentageChangeInTheCanadianDollarRelativeToTheJapaneseYenMember" xlink:label="mfc_TenPercentageChangeInTheCanadianDollarRelativeToTheJapaneseYenMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TenPercentageChangeInTheCanadianDollarRelativeToTheJapaneseYenMember_lbl" xml:lang="en-US" id="id_12895287_2999287_3_1">Ten percentage change in the Canadian dollar relative to the Japanese yen.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TenPercentageChangeInTheCanadianDollarRelativeToTheJapaneseYenMember_lbl" xml:lang="en-US" id="id_12895287_2999287_1_1">Ten percentage change in the Canadian dollar relative to the Japanese yen [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TenPercentageChangeInTheCanadianDollarRelativeToTheJapaneseYenMember_lbl" xml:lang="en-US" id="id_12895287_2999287_2_1">10% change in the Canadian dollar relative to the Japanese yen [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TenPercentageChangeInTheCanadianDollarRelativeToTheJapaneseYenMember" xlink:to="mfc_TenPercentageChangeInTheCanadianDollarRelativeToTheJapaneseYenMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TermOfCreditDefaultSwaps" xlink:label="mfc_TermOfCreditDefaultSwaps"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TermOfCreditDefaultSwaps_lbl" xml:lang="en-US" id="id_12895287_2977589_3_1">Term of credit default swaps.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TermOfCreditDefaultSwaps_lbl" xml:lang="en-US" id="id_12895287_2977589_1_1">Term Of Credit Default Swaps</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TermOfCreditDefaultSwaps_lbl" xml:lang="en-US" id="id_12895287_2977589_2_1">Term of credit default swaps</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TermOfCreditDefaultSwaps" xlink:to="mfc_TermOfCreditDefaultSwaps_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TextBlock1Abstract" xlink:label="mfc_TextBlock1Abstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TextBlock1Abstract_lbl" xml:lang="en-US" id="id_12895287_2942661_3_1">Text block1 [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TextBlock1Abstract_lbl" xml:lang="en-US" id="id_12895287_2942661_1_1">Text block1 [abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TextBlock1Abstract_lbl" xml:lang="en-US" id="id_12895287_2942661_2_1">Text Block [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TextBlock1Abstract" xlink:to="mfc_TextBlock1Abstract_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TheManufacturersInvestmentCorporationMember" xlink:label="mfc_TheManufacturersInvestmentCorporationMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TheManufacturersInvestmentCorporationMember_lbl" xml:lang="en-US" id="id_12895287_2997774_3_1">The Manufacturers Investment Corporation.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TheManufacturersInvestmentCorporationMember_lbl" xml:lang="en-US" id="id_12895287_2997774_1_1">The Manufacturers Investment Corporation [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TheManufacturersInvestmentCorporationMember_lbl" xml:lang="en-US" id="id_12895287_2997774_2_1">The Manufacturers Investment Corporation [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TheManufacturersInvestmentCorporationMember" xlink:to="mfc_TheManufacturersInvestmentCorporationMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TheManufacturersLifeInsuranceCompanyMember" xlink:label="mfc_TheManufacturersLifeInsuranceCompanyMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TheManufacturersLifeInsuranceCompanyMember_lbl" xml:lang="en-US" id="id_12895287_2997724_3_1">The Manufacturers Life Insurance Company.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TheManufacturersLifeInsuranceCompanyMember_lbl" xml:lang="en-US" id="id_12895287_2997724_1_1">The Manufacturers Life Insurance Company [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TheManufacturersLifeInsuranceCompanyMember_lbl" xml:lang="en-US" id="id_12895287_2997724_2_1">The Manufacturers Life Insurance Company [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TheManufacturersLifeInsuranceCompanyMember" xlink:to="mfc_TheManufacturersLifeInsuranceCompanyMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TheManufacturersLifeInsuranceCoPhilsIncMember" xlink:label="mfc_TheManufacturersLifeInsuranceCoPhilsIncMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TheManufacturersLifeInsuranceCoPhilsIncMember_lbl" xml:lang="en-US" id="id_12895287_2997823_3_1">The Manufacturers Life Insurance Co. (Phils.) Inc.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TheManufacturersLifeInsuranceCoPhilsIncMember_lbl" xml:lang="en-US" id="id_12895287_2997823_1_1">The Manufacturers Life Insurance Co Phils Inc [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TheManufacturersLifeInsuranceCoPhilsIncMember_lbl" xml:lang="en-US" id="id_12895287_2997823_2_1">The Manufacturers Life Insurance Co. (Phils.) Inc. [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TheManufacturersLifeInsuranceCoPhilsIncMember" xlink:to="mfc_TheManufacturersLifeInsuranceCoPhilsIncMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ThirtyPercentageChangeInMarketValueOfEquityMember" xlink:label="mfc_ThirtyPercentageChangeInMarketValueOfEquityMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ThirtyPercentageChangeInMarketValueOfEquityMember_lbl" xml:lang="en-US" id="id_12895287_2999262_3_1">30% change in market value equity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ThirtyPercentageChangeInMarketValueOfEquityMember_lbl" xml:lang="en-US" id="id_12895287_2999262_1_1">Thirty Percentage Change in Market Value of Equity [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ThirtyPercentageChangeInMarketValueOfEquityMember_lbl" xml:lang="en-US" id="id_12895287_2999262_2_1">30% [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ThirtyPercentageChangeInMarketValueOfEquityMember" xlink:to="mfc_ThirtyPercentageChangeInMarketValueOfEquityMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ThreePointEightFivePercentageSubordinatedDebenturesMember" xlink:label="mfc_ThreePointEightFivePercentageSubordinatedDebenturesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ThreePointEightFivePercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997710_3_1">Three point eight five percentage subordinated debentures.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ThreePointEightFivePercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997710_1_1">Three point eight five percentage subordinated debentures [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ThreePointEightFivePercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997710_2_1">3.85% MFC Subordinated notes [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ThreePointEightFivePercentageSubordinatedDebenturesMember" xlink:to="mfc_ThreePointEightFivePercentageSubordinatedDebenturesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ThreePointFiveTwoSevenPercentageSeniorNotesMember" xlink:label="mfc_ThreePointFiveTwoSevenPercentageSeniorNotesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ThreePointFiveTwoSevenPercentageSeniorNotesMember_lbl" xml:lang="en-US" id="id_12895287_2998030_3_1">3.527% senior notes.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ThreePointFiveTwoSevenPercentageSeniorNotesMember_lbl" xml:lang="en-US" id="id_12895287_2998030_1_1">Three Point Five Two Seven Percentage Senior Notes [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ThreePointFiveTwoSevenPercentageSeniorNotesMember_lbl" xml:lang="en-US" id="id_12895287_2998030_2_1">3.527% Senior notes [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ThreePointFiveTwoSevenPercentageSeniorNotesMember" xlink:to="mfc_ThreePointFiveTwoSevenPercentageSeniorNotesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ThreePointNineThreeEightPercentageSubordinatedDebenturesMember" xlink:label="mfc_ThreePointNineThreeEightPercentageSubordinatedDebenturesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ThreePointNineThreeEightPercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997720_3_1">Three point nine three eight percentage subordinated debentures.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ThreePointNineThreeEightPercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997720_1_1">Three point nine three eight percentage subordinated debentures [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ThreePointNineThreeEightPercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997720_2_1">3.938% MLI Subordinated debentures [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ThreePointNineThreeEightPercentageSubordinatedDebenturesMember" xlink:to="mfc_ThreePointNineThreeEightPercentageSubordinatedDebenturesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ThreePointOneEightOnePercentageSubordinatedDebenturesMember" xlink:label="mfc_ThreePointOneEightOnePercentageSubordinatedDebenturesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ThreePointOneEightOnePercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997708_3_1">Three point one eight one percentage subordinated debentures.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ThreePointOneEightOnePercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997708_1_1">Three point one eight one percentage subordinated debentures [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ThreePointOneEightOnePercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997708_2_1">3.181% MLI Subordinated debentures [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ThreePointOneEightOnePercentageSubordinatedDebenturesMember" xlink:to="mfc_ThreePointOneEightOnePercentageSubordinatedDebenturesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ThreePointZeroFourNinePercentageSubordinatedDebenturesMember" xlink:label="mfc_ThreePointZeroFourNinePercentageSubordinatedDebenturesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ThreePointZeroFourNinePercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_3030863_3_1">Three point zero four nine percentage subordinated debentures.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ThreePointZeroFourNinePercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_3030863_1_1">Three Point Zero Four Nine Percentage Subordinated Debentures [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ThreePointZeroFourNinePercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_3030863_2_1">3.049% MFC Subordinated debentures [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ThreePointZeroFourNinePercentageSubordinatedDebenturesMember" xlink:to="mfc_ThreePointZeroFourNinePercentageSubordinatedDebenturesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_ThreePointZeroZeroPercentageSubordinatedDebenturesMember" xlink:label="mfc_ThreePointZeroZeroPercentageSubordinatedDebenturesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_ThreePointZeroZeroPercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_3031714_3_1">Three Point Zero Zero Percentage Subordinated Debentures [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_ThreePointZeroZeroPercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_3031714_1_1">Three Point Zero Zero Percentage Subordinated Debentures [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_ThreePointZeroZeroPercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_3031714_2_1">3.00% MFC Subordinated notes [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_ThreePointZeroZeroPercentageSubordinatedDebenturesMember" xlink:to="mfc_ThreePointZeroZeroPercentageSubordinatedDebenturesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TimberAndAgricultureInvestmentsMember" xlink:label="mfc_TimberAndAgricultureInvestmentsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TimberAndAgricultureInvestmentsMember_lbl" xml:lang="en-US" id="id_12895287_2997895_3_1">Timber and agriculture investments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TimberAndAgricultureInvestmentsMember_lbl" xml:lang="en-US" id="id_12895287_2997895_1_1">Timber and agriculture investments [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TimberAndAgricultureInvestmentsMember_lbl" xml:lang="en-US" id="id_12895287_2997895_2_1">Timber and agriculture [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TimberAndAgricultureInvestmentsMember" xlink:to="mfc_TimberAndAgricultureInvestmentsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TimberAndAgricultureMember" xlink:label="mfc_TimberAndAgricultureMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TimberAndAgricultureMember_lbl" xml:lang="en-US" id="id_12895287_2997858_3_1">Timber and agriculture.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TimberAndAgricultureMember_lbl" xml:lang="en-US" id="id_12895287_2997858_1_1">Timber and agriculture [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TimberAndAgricultureMember_lbl" xml:lang="en-US" id="id_12895287_2997858_2_1">Timber and agriculture [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TimberAndAgricultureMember" xlink:to="mfc_TimberAndAgricultureMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TimberlandCompaniesMember" xlink:label="mfc_TimberlandCompaniesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TimberlandCompaniesMember_lbl" xml:lang="en-US" id="id_12895287_2998163_3_1">Timberland companies.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TimberlandCompaniesMember_lbl" xml:lang="en-US" id="id_12895287_2998163_1_1">Timberland companies [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TimberlandCompaniesMember_lbl" xml:lang="en-US" id="id_12895287_2998163_2_1">Timberland companies [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TimberlandCompaniesMember" xlink:to="mfc_TimberlandCompaniesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TimberlandInvestmentMember" xlink:label="mfc_TimberlandInvestmentMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TimberlandInvestmentMember_lbl" xml:lang="en-US" id="id_12895287_2998141_3_1">Timberland investment [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TimberlandInvestmentMember_lbl" xml:lang="en-US" id="id_12895287_2998141_1_1">Timberland investment [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TimberlandInvestmentMember_lbl" xml:lang="en-US" id="id_12895287_2998141_2_1">Timberland Investment [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TimberlandInvestmentMember" xlink:to="mfc_TimberlandInvestmentMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TopOfRangeMember" xlink:label="ifrs-full_TopOfRangeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TopOfRangeMember_lbl" xml:lang="en-US" id="id_12895287_2939141_1_1">Top of range [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TopOfRangeMember_lbl" xml:lang="en-US" id="id_12895287_2939141_2_1">Top of range [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TopOfRangeMember" xlink:to="ifrs-full_TopOfRangeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TotalCapital" xlink:label="mfc_TotalCapital"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TotalCapital_lbl" xml:lang="en-US" id="id_12895287_2959397_3_1">Total Capital</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TotalCapital_lbl" xml:lang="en-US" id="id_12895287_2959397_1_1">Total Capital</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="mfc_TotalCapital_lbl" xml:lang="en-US" id="id_12895287_2959397_6_1">Total capital</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TotalCapital" xlink:to="mfc_TotalCapital_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US" id="id_12895287_2934526_1_1">Trading Symbol</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US" id="id_12895287_2934526_2_1">Trading Symbol</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TransamericasBrokerDealerBusinessMember" xlink:label="mfc_TransamericasBrokerDealerBusinessMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TransamericasBrokerDealerBusinessMember_lbl" xml:lang="en-US" id="id_12895287_2997598_3_1">Transamerica's broker-dealer business.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TransamericasBrokerDealerBusinessMember_lbl" xml:lang="en-US" id="id_12895287_2997598_1_1">Transamericas broker dealer business [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TransamericasBrokerDealerBusinessMember_lbl" xml:lang="en-US" id="id_12895287_2997598_2_1">Transamerica's broker - dealer business [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TransamericasBrokerDealerBusinessMember" xlink:to="mfc_TransamericasBrokerDealerBusinessMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets" xlink:label="ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets_lbl" xml:lang="en-US" id="id_12895287_2939316_1_1">Transfers into Level 3 of fair value hierarchy, assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets_lbl" xml:lang="en-US" id="id_12895287_2939316_2_1">Transfer into Level 3</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets" xlink:to="ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TransfersIntoLevel3OfFairValueHierarchyFinancialAssetsAndLiabilities" xlink:label="mfc_TransfersIntoLevel3OfFairValueHierarchyFinancialAssetsAndLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TransfersIntoLevel3OfFairValueHierarchyFinancialAssetsAndLiabilities_lbl" xml:lang="en-US" id="id_12895287_2952445_3_1">Transfers Into Level 3 Of Fair Value Hierarchy Financial Assets And Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TransfersIntoLevel3OfFairValueHierarchyFinancialAssetsAndLiabilities_lbl" xml:lang="en-US" id="id_12895287_2952445_1_1">Transfers Into Level 3 Of Fair Value Hierarchy Financial Assets And Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="mfc_TransfersIntoLevel3OfFairValueHierarchyFinancialAssetsAndLiabilities_lbl" xml:lang="en-US" id="id_12895287_2952445_14_1">Into Level 3</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TransfersIntoLevel3OfFairValueHierarchyFinancialAssetsAndLiabilities" xlink:to="mfc_TransfersIntoLevel3OfFairValueHierarchyFinancialAssetsAndLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets" xlink:label="ifrs-full_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets_lbl" xml:lang="en-US" id="id_12895287_2939434_1_1">Transfers out of Level 1 into Level 2 of fair value hierarchy, assets held at end of reporting period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets_lbl" xml:lang="en-US" id="id_12895287_2939434_2_1">Transfers out of Level 1 into Level 2 of fair value hierarchy, assets held at end of reporting period</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets" xlink:to="ifrs-full_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets" xlink:label="ifrs-full_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets_lbl" xml:lang="en-US" id="id_12895287_2939320_1_1">Transfers out of Level 2 into Level 1 of fair value hierarchy, assets held at end of reporting period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets_lbl" xml:lang="en-US" id="id_12895287_2939320_2_1">Transfers out of Level 2 into Level 1 of fair value hierarchy, assets held at end of reporting period</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets" xlink:to="ifrs-full_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets" xlink:label="ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets_lbl" xml:lang="en-US" id="id_12895287_2939321_1_1">Transfers out of Level 3 of fair value hierarchy, assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets_lbl" xml:lang="en-US" id="id_12895287_2939321_14_1">Transfer out of Level 3</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets" xlink:to="ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TransfersOutOfLevel3OfFairValueHierarchyFinancialAssetsAndLiabilities" xlink:label="mfc_TransfersOutOfLevel3OfFairValueHierarchyFinancialAssetsAndLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TransfersOutOfLevel3OfFairValueHierarchyFinancialAssetsAndLiabilities_lbl" xml:lang="en-US" id="id_12895287_2952446_3_1">Transfers Out Of Level 3 Of Fair Value Hierarchy Financial Assets And Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TransfersOutOfLevel3OfFairValueHierarchyFinancialAssetsAndLiabilities_lbl" xml:lang="en-US" id="id_12895287_2952446_1_1">Transfers Out Of Level 3 Of Fair Value Hierarchy Financial Assets And Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TransfersOutOfLevel3OfFairValueHierarchyFinancialAssetsAndLiabilities_lbl" xml:lang="en-US" id="id_12895287_2952446_2_1">Out of Level 3</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TransfersOutOfLevel3OfFairValueHierarchyFinancialAssetsAndLiabilities" xlink:to="mfc_TransfersOutOfLevel3OfFairValueHierarchyFinancialAssetsAndLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TwentyPercentageChangeInMarketValueOfEquityMember" xlink:label="mfc_TwentyPercentageChangeInMarketValueOfEquityMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TwentyPercentageChangeInMarketValueOfEquityMember_lbl" xml:lang="en-US" id="id_12895287_2999258_3_1">20% change in market value equity.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TwentyPercentageChangeInMarketValueOfEquityMember_lbl" xml:lang="en-US" id="id_12895287_2999258_1_1">Twenty Percentage Change in Market Value of Equity [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TwentyPercentageChangeInMarketValueOfEquityMember_lbl" xml:lang="en-US" id="id_12895287_2999258_2_1">20% [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TwentyPercentageChangeInMarketValueOfEquityMember" xlink:to="mfc_TwentyPercentageChangeInMarketValueOfEquityMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TwoPercentAdverseChangeInFutureMortalityRatesMember" xlink:label="mfc_TwoPercentAdverseChangeInFutureMortalityRatesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TwoPercentAdverseChangeInFutureMortalityRatesMember_lbl" xml:lang="en-US" id="id_12895287_2997859_3_1">This member stands for two percent adverse change in future mortality rates.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TwoPercentAdverseChangeInFutureMortalityRatesMember_lbl" xml:lang="en-US" id="id_12895287_2997859_1_1">Two percent adverse change in future mortality rates [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TwoPercentAdverseChangeInFutureMortalityRatesMember_lbl" xml:lang="en-US" id="id_12895287_2997859_2_1">2% Adverse change in future mortality rates [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TwoPercentAdverseChangeInFutureMortalityRatesMember" xlink:to="mfc_TwoPercentAdverseChangeInFutureMortalityRatesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TwoPointEightOneNinePercentageSubordinatedDebenturesMember" xlink:label="mfc_TwoPointEightOneNinePercentageSubordinatedDebenturesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TwoPointEightOneNinePercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997719_3_1">Two point eight one nine percentage subordinated debentures.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TwoPointEightOneNinePercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997719_1_1">Two point eight one nine percentage subordinated debentures [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TwoPointEightOneNinePercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997719_2_1">2.819% MLI Subordinated debentures [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TwoPointEightOneNinePercentageSubordinatedDebenturesMember" xlink:to="mfc_TwoPointEightOneNinePercentageSubordinatedDebenturesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TwoPointEightOneOnePercentageSubordinatedDebenturesMember" xlink:label="mfc_TwoPointEightOneOnePercentageSubordinatedDebenturesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TwoPointEightOneOnePercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997716_3_1">Two point eight one one percentage subordinated debentures.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TwoPointEightOneOnePercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997716_1_1">Two point eight one one percentage subordinated debentures [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TwoPointEightOneOnePercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997716_2_1">2.811% MLI Subordinated debentures [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TwoPointEightOneOnePercentageSubordinatedDebenturesMember" xlink:to="mfc_TwoPointEightOneOnePercentageSubordinatedDebenturesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TwoPointNineTwoSixPercentageSubordinatedDebenturesMember" xlink:label="mfc_TwoPointNineTwoSixPercentageSubordinatedDebenturesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TwoPointNineTwoSixPercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997718_3_1">Two point nine two six percentage subordinated debentures.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TwoPointNineTwoSixPercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997718_1_1">Two point nine two six percentage subordinated debentures [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TwoPointNineTwoSixPercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997718_2_1">2.926% MLI Subordinated debentures [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TwoPointNineTwoSixPercentageSubordinatedDebenturesMember" xlink:to="mfc_TwoPointNineTwoSixPercentageSubordinatedDebenturesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TwoPointOneZeroPercentageSubordinatedDebenturesMember" xlink:label="mfc_TwoPointOneZeroPercentageSubordinatedDebenturesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TwoPointOneZeroPercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997713_3_1">Two point one zero percentage subordinated debentures.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TwoPointOneZeroPercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997713_1_1">Two point one zero percentage subordinated debentures [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TwoPointOneZeroPercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997713_2_1">2.10% MLI Subordinated debentures [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TwoPointOneZeroPercentageSubordinatedDebenturesMember" xlink:to="mfc_TwoPointOneZeroPercentageSubordinatedDebenturesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TwoPointSixFourPercentageSubordinatedDebenturesMember" xlink:label="mfc_TwoPointSixFourPercentageSubordinatedDebenturesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TwoPointSixFourPercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997715_3_1">Two point six four percentage subordinated debentures.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TwoPointSixFourPercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997715_1_1">Two point six four percentage subordinated debentures [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TwoPointSixFourPercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997715_2_1">2.64% MLI Subordinated debentures [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TwoPointSixFourPercentageSubordinatedDebenturesMember" xlink:to="mfc_TwoPointSixFourPercentageSubordinatedDebenturesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TwoPointThreeEightNinePercentageSubordinatedDebenturesMember" xlink:label="mfc_TwoPointThreeEightNinePercentageSubordinatedDebenturesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TwoPointThreeEightNinePercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997712_3_1">Two point three eight nine percentage subordinated debentures.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TwoPointThreeEightNinePercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997712_1_1">Two point three eight nine percentage subordinated debentures [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TwoPointThreeEightNinePercentageSubordinatedDebenturesMember_lbl" xml:lang="en-US" id="id_12895287_2997712_2_1">2.389% MLI Subordinated debentures [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TwoPointThreeEightNinePercentageSubordinatedDebenturesMember" xlink:to="mfc_TwoPointThreeEightNinePercentageSubordinatedDebenturesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TwoThousandThirtyTwoMember" xlink:label="mfc_TwoThousandThirtyTwoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TwoThousandThirtyTwoMember_lbl" xml:lang="en-US" id="id_12895287_2998423_3_1">Two thousand thirty two [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TwoThousandThirtyTwoMember_lbl" xml:lang="en-US" id="id_12895287_2998423_1_1">Two thousand thirty two [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TwoThousandThirtyTwoMember_lbl" xml:lang="en-US" id="id_12895287_2998423_2_1">2032 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TwoThousandThirtyTwoMember" xlink:to="mfc_TwoThousandThirtyTwoMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TwoThousandTwentySixMember" xlink:label="mfc_TwoThousandTwentySixMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TwoThousandTwentySixMember_lbl" xml:lang="en-US" id="id_12895287_3010239_3_1">Two thousand twenty six [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TwoThousandTwentySixMember_lbl" xml:lang="en-US" id="id_12895287_3010239_1_1">Two thousand twenty six [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TwoThousandTwentySixMember_lbl" xml:lang="en-US" id="id_12895287_3010239_2_1">2026 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TwoThousandTwentySixMember" xlink:to="mfc_TwoThousandTwentySixMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TypesOfFinanceCostOrIncomeAxis" xlink:label="mfc_TypesOfFinanceCostOrIncomeAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TypesOfFinanceCostOrIncomeAxis_lbl" xml:lang="en-US" id="id_12895287_2980396_3_1">The axis of a table defines types of finace cost or income.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TypesOfFinanceCostOrIncomeAxis_lbl" xml:lang="en-US" id="id_12895287_2980396_1_1">Types of Finance Cost or Income [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TypesOfFinanceCostOrIncomeAxis_lbl" xml:lang="en-US" id="id_12895287_2980396_2_1">Types of Finance Cost or Income [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TypesOfFinanceCostOrIncomeAxis" xlink:to="mfc_TypesOfFinanceCostOrIncomeAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_TypesOfFinanceCostOrIncomeDomain" xlink:label="mfc_TypesOfFinanceCostOrIncomeDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_TypesOfFinanceCostOrIncomeDomain_lbl" xml:lang="en-US" id="id_12895287_2988329_3_1">The domain member of a table defines types of finace cost or income.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_TypesOfFinanceCostOrIncomeDomain_lbl" xml:lang="en-US" id="id_12895287_2988329_1_1">Types of Finance Cost or Income [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_TypesOfFinanceCostOrIncomeDomain_lbl" xml:lang="en-US" id="id_12895287_2988329_2_1">Types of Finance Cost or Income [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_TypesOfFinanceCostOrIncomeDomain" xlink:to="mfc_TypesOfFinanceCostOrIncomeDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TypesOfFinancialAssetsAxis" xlink:label="ifrs-full_TypesOfFinancialAssetsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfFinancialAssetsAxis_lbl" xml:lang="en-US" id="id_12895287_2938485_1_1">Types of financial assets [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TypesOfFinancialAssetsAxis_lbl" xml:lang="en-US" id="id_12895287_2938485_2_1">Types of financial assets [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfFinancialAssetsAxis" xlink:to="ifrs-full_TypesOfFinancialAssetsAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TypesOfFinancialLiabilitiesAxis" xlink:label="ifrs-full_TypesOfFinancialLiabilitiesAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfFinancialLiabilitiesAxis_lbl" xml:lang="en-US" id="id_12895287_2939156_1_1">Types of financial liabilities [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TypesOfFinancialLiabilitiesAxis_lbl" xml:lang="en-US" id="id_12895287_2939156_2_1">Types of financial liabilities [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfFinancialLiabilitiesAxis" xlink:to="ifrs-full_TypesOfFinancialLiabilitiesAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TypesOfHedgesAxis" xlink:label="ifrs-full_TypesOfHedgesAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfHedgesAxis_lbl" xml:lang="en-US" id="id_12895287_2938486_1_1">Types of hedges [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TypesOfHedgesAxis_lbl" xml:lang="en-US" id="id_12895287_2938486_2_1">Types of hedges [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfHedgesAxis" xlink:to="ifrs-full_TypesOfHedgesAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TypesOfHedgesMember" xlink:label="ifrs-full_TypesOfHedgesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfHedgesMember_lbl" xml:lang="en-US" id="id_12895287_2939441_1_1">Hedges [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TypesOfHedgesMember_lbl" xml:lang="en-US" id="id_12895287_2939441_2_1">Hedges [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfHedgesMember" xlink:to="ifrs-full_TypesOfHedgesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TypesOfInsuranceContractsAxis" xlink:label="ifrs-full_TypesOfInsuranceContractsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfInsuranceContractsAxis_lbl" xml:lang="en-US" id="id_12895287_2939158_1_1">Types of insurance contracts [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TypesOfInsuranceContractsAxis_lbl" xml:lang="en-US" id="id_12895287_2939158_2_1">Types of insurance contracts [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfInsuranceContractsAxis" xlink:to="ifrs-full_TypesOfInsuranceContractsAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TypesOfRisksAxis" xlink:label="ifrs-full_TypesOfRisksAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfRisksAxis_lbl" xml:lang="en-US" id="id_12895287_2939160_1_1">Types of risks [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TypesOfRisksAxis_lbl" xml:lang="en-US" id="id_12895287_2939160_2_1">Types of risks [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfRisksAxis" xlink:to="ifrs-full_TypesOfRisksAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TypesOfRisksMember" xlink:label="ifrs-full_TypesOfRisksMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfRisksMember_lbl" xml:lang="en-US" id="id_12895287_2939442_1_1">Risks [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TypesOfRisksMember_lbl" xml:lang="en-US" id="id_12895287_2939442_2_1">Risks [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfRisksMember" xlink:to="ifrs-full_TypesOfRisksMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:label="ifrs-full_TypesOfSharebasedPaymentArrangementsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfSharebasedPaymentArrangementsAxis_lbl" xml:lang="en-US" id="id_12895287_2939330_1_1">Types of share-based payment arrangements [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TypesOfSharebasedPaymentArrangementsAxis_lbl" xml:lang="en-US" id="id_12895287_2939330_2_1">Types of share-based payment arrangements [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:to="ifrs-full_TypesOfSharebasedPaymentArrangementsAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_UnallocatedAmountsMember" xlink:label="ifrs-full_UnallocatedAmountsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UnallocatedAmountsMember_lbl" xml:lang="en-US" id="id_12895287_2939331_1_1">Unallocated amounts [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_UnallocatedAmountsMember_lbl" xml:lang="en-US" id="id_12895287_2939331_2_1">Corporate and other [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UnallocatedAmountsMember" xlink:to="ifrs-full_UnallocatedAmountsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_UnconsolidatedStructuredEntitiesAxis" xlink:label="ifrs-full_UnconsolidatedStructuredEntitiesAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UnconsolidatedStructuredEntitiesAxis_lbl" xml:lang="en-US" id="id_12895287_2939163_1_1">Unconsolidated structured entities [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_UnconsolidatedStructuredEntitiesAxis_lbl" xml:lang="en-US" id="id_12895287_2939163_2_1">Unconsolidated structured entities [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UnconsolidatedStructuredEntitiesAxis" xlink:to="ifrs-full_UnconsolidatedStructuredEntitiesAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_UnconsolidatedStructuredEntitiesControlledByInvestmentEntityAxis" xlink:label="ifrs-full_UnconsolidatedStructuredEntitiesControlledByInvestmentEntityAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UnconsolidatedStructuredEntitiesControlledByInvestmentEntityAxis_lbl" xml:lang="en-US" id="id_12895287_2939443_1_1">Unconsolidated structured entities controlled by investment entity [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_UnconsolidatedStructuredEntitiesControlledByInvestmentEntityAxis_lbl" xml:lang="en-US" id="id_12895287_2939443_2_1">Unconsolidated structured entities controlled by investment entity [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UnconsolidatedStructuredEntitiesControlledByInvestmentEntityAxis" xlink:to="ifrs-full_UnconsolidatedStructuredEntitiesControlledByInvestmentEntityAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_UnconsolidatedStructuredEntitiesControlledByInvestmentEntityMember" xlink:label="ifrs-full_UnconsolidatedStructuredEntitiesControlledByInvestmentEntityMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UnconsolidatedStructuredEntitiesControlledByInvestmentEntityMember_lbl" xml:lang="en-US" id="id_12895287_2939164_1_1">Unconsolidated structured entities controlled by investment entity [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_UnconsolidatedStructuredEntitiesControlledByInvestmentEntityMember_lbl" xml:lang="en-US" id="id_12895287_2939164_2_1">Unconsolidated structured entities controlled by investment entity [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UnconsolidatedStructuredEntitiesControlledByInvestmentEntityMember" xlink:to="ifrs-full_UnconsolidatedStructuredEntitiesControlledByInvestmentEntityMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_UnconsolidatedStructuredEntitiesMember" xlink:label="ifrs-full_UnconsolidatedStructuredEntitiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UnconsolidatedStructuredEntitiesMember_lbl" xml:lang="en-US" id="id_12895287_2938488_1_1">Unconsolidated structured entities [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_UnconsolidatedStructuredEntitiesMember_lbl" xml:lang="en-US" id="id_12895287_2938488_2_1">Unconsolidated structured entities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UnconsolidatedStructuredEntitiesMember" xlink:to="ifrs-full_UnconsolidatedStructuredEntitiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_UnencumberedAssets" xlink:label="mfc_UnencumberedAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_UnencumberedAssets_lbl" xml:lang="en-US" id="id_12895287_2962942_3_1">Unencumbered assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_UnencumberedAssets_lbl" xml:lang="en-US" id="id_12895287_2962942_1_1">Unencumbered assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_UnencumberedAssets_lbl" xml:lang="en-US" id="id_12895287_2962942_2_1">Total unencumbered assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_UnencumberedAssets" xlink:to="mfc_UnencumberedAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_UnfundedMember" xlink:label="mfc_UnfundedMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_UnfundedMember_lbl" xml:lang="en-US" id="id_12895287_2995192_3_1">Unfunded.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_UnfundedMember_lbl" xml:lang="en-US" id="id_12895287_2995192_1_1">Unfunded [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_UnfundedMember_lbl" xml:lang="en-US" id="id_12895287_2995192_2_1">Unfunded [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_UnfundedMember" xlink:to="mfc_UnfundedMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_UninsuredMember" xlink:label="mfc_UninsuredMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_UninsuredMember_lbl" xml:lang="en-US" id="id_12895287_2997698_3_1">Uninsured.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_UninsuredMember_lbl" xml:lang="en-US" id="id_12895287_2997698_1_1">Uninsured [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_UninsuredMember_lbl" xml:lang="en-US" id="id_12895287_2997698_2_1">Uninsured [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_UninsuredMember" xlink:to="mfc_UninsuredMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_UnitedStatesGovernmentAndAgenciesMember" xlink:label="mfc_UnitedStatesGovernmentAndAgenciesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_UnitedStatesGovernmentAndAgenciesMember_lbl" xml:lang="en-US" id="id_12895287_2996956_3_1">U.S. government and agency.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_UnitedStatesGovernmentAndAgenciesMember_lbl" xml:lang="en-US" id="id_12895287_2996956_1_1">United States Government and Agencies [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_UnitedStatesGovernmentAndAgenciesMember_lbl" xml:lang="en-US" id="id_12895287_2996956_2_1">U.S. government and agency [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_UnitedStatesGovernmentAndAgenciesMember" xlink:to="mfc_UnitedStatesGovernmentAndAgenciesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome" xlink:label="mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome_lbl" xml:lang="en-US" id="id_12895287_2962444_3_1">Unrealized and realized gains (losses) on investment income.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome_lbl" xml:lang="en-US" id="id_12895287_2962444_1_1">Unrealized and realized gains losses on investment income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome_lbl" xml:lang="en-US" id="id_12895287_2962444_2_1">Realized and unrealized gains (losses) on assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome" xlink:to="mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_UnsecuredRevolvingCreditFacilityMember" xlink:label="mfc_UnsecuredRevolvingCreditFacilityMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_UnsecuredRevolvingCreditFacilityMember_lbl" xml:lang="en-US" id="id_12895287_2983085_3_1">Unsecured revolving credit facility.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_UnsecuredRevolvingCreditFacilityMember_lbl" xml:lang="en-US" id="id_12895287_2983085_1_1">Unsecured revolving credit facility [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_UnsecuredRevolvingCreditFacilityMember_lbl" xml:lang="en-US" id="id_12895287_2983085_2_1">Unsecured revolving credit facility [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_UnsecuredRevolvingCreditFacilityMember" xlink:to="mfc_UnsecuredRevolvingCreditFacilityMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_UnusedTaxCreditsForWhichDeferredTaxAssetRecognised" xlink:label="mfc_UnusedTaxCreditsForWhichDeferredTaxAssetRecognised"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_UnusedTaxCreditsForWhichDeferredTaxAssetRecognised_lbl" xml:lang="en-US" id="id_12895287_2962128_3_1">Unused tax credits for which deferred tax asset recognised.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_UnusedTaxCreditsForWhichDeferredTaxAssetRecognised_lbl" xml:lang="en-US" id="id_12895287_2962128_1_1">Unused tax credits for which deferred tax asset recognised</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_UnusedTaxCreditsForWhichDeferredTaxAssetRecognised_lbl" xml:lang="en-US" id="id_12895287_2962128_2_1">Tax benefit on loss carry forwards for which deferred tax asset recognized</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_UnusedTaxCreditsForWhichDeferredTaxAssetRecognised" xlink:to="mfc_UnusedTaxCreditsForWhichDeferredTaxAssetRecognised_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_UnusedTaxCreditsForWhichNoDeferredTaxAssetRecognised" xlink:label="ifrs-full_UnusedTaxCreditsForWhichNoDeferredTaxAssetRecognised"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UnusedTaxCreditsForWhichNoDeferredTaxAssetRecognised_lbl" xml:lang="en-US" id="id_12895287_2939171_1_1">Unused tax credits for which no deferred tax asset recognised</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_UnusedTaxCreditsForWhichNoDeferredTaxAssetRecognised_lbl" xml:lang="en-US" id="id_12895287_2939171_2_1">Tax credit carryforwards of which benefit not recognized</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UnusedTaxCreditsForWhichNoDeferredTaxAssetRecognised" xlink:to="ifrs-full_UnusedTaxCreditsForWhichNoDeferredTaxAssetRecognised_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_UnusedTaxCreditsMember" xlink:label="ifrs-full_UnusedTaxCreditsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UnusedTaxCreditsMember_lbl" xml:lang="en-US" id="id_12895287_2939172_1_1">Unused tax credits [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_UnusedTaxCreditsMember_lbl" xml:lang="en-US" id="id_12895287_2939172_2_1">Tax credits [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UnusedTaxCreditsMember" xlink:to="ifrs-full_UnusedTaxCreditsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised" xlink:label="ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_lbl" xml:lang="en-US" id="id_12895287_2939173_1_1">Unused tax losses for which no deferred tax asset recognised</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_lbl" xml:lang="en-US" id="id_12895287_2939173_2_1">Tax benefit of loss carry forwards for which no deferred tax asset recognized</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised" xlink:to="ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_UnusedTaxLossesMember" xlink:label="ifrs-full_UnusedTaxLossesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UnusedTaxLossesMember_lbl" xml:lang="en-US" id="id_12895287_2938494_1_1">Unused tax losses [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_UnusedTaxLossesMember_lbl" xml:lang="en-US" id="id_12895287_2938494_2_1">Loss carry forwards [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UnusedTaxLossesMember" xlink:to="ifrs-full_UnusedTaxLossesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_US" xlink:label="country_US"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_US_lbl" xml:lang="en-US" id="id_12895287_2933208_1_1">UNITED STATES</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_US_lbl" xml:lang="en-US" id="id_12895287_2933208_2_1">U.S [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_US" xlink:to="country_US_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_USAndCanadaMember" xlink:label="mfc_USAndCanadaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_USAndCanadaMember_lbl" xml:lang="en-US" id="id_12895287_2997974_3_1">US and Canada.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_USAndCanadaMember_lbl" xml:lang="en-US" id="id_12895287_2997974_1_1">US and Canada [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_USAndCanadaMember_lbl" xml:lang="en-US" id="id_12895287_2997974_2_1">US and Canada [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_USAndCanadaMember" xlink:to="mfc_USAndCanadaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_USBanksMember" xlink:label="mfc_USBanksMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_USBanksMember_lbl" xml:lang="en-US" id="id_12895287_2999285_3_1">US Banks.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_USBanksMember_lbl" xml:lang="en-US" id="id_12895287_2999285_1_1">US Banks [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_USBanksMember_lbl" xml:lang="en-US" id="id_12895287_2999285_2_1">U.S.banks [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_USBanksMember" xlink:to="mfc_USBanksMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_USCommercialRealEstateMember" xlink:label="mfc_USCommercialRealEstateMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_USCommercialRealEstateMember_lbl" xml:lang="en-US" id="id_12895287_2998192_3_1">U.S. commercial real estate [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_USCommercialRealEstateMember_lbl" xml:lang="en-US" id="id_12895287_2998192_1_1">U.S. commercial real estate [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_USCommercialRealEstateMember_lbl" xml:lang="en-US" id="id_12895287_2998192_2_1">U.S. Commercial Real Estate [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_USCommercialRealEstateMember" xlink:to="mfc_USCommercialRealEstateMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_UsDivisionMember" xlink:label="mfc_UsDivisionMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_UsDivisionMember_lbl" xml:lang="en-US" id="id_12895287_2998233_3_1">Us Division.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_UsDivisionMember_lbl" xml:lang="en-US" id="id_12895287_2998233_1_1">Us Division [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_UsDivisionMember_lbl" xml:lang="en-US" id="id_12895287_2998233_2_1">US Division [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_UsDivisionMember" xlink:to="mfc_UsDivisionMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_UsFixedAnnuityProductsMember" xlink:label="mfc_UsFixedAnnuityProductsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_UsFixedAnnuityProductsMember_lbl" xml:lang="en-US" id="id_12895287_2996977_3_1">U.S. fixed annuity products.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_UsFixedAnnuityProductsMember_lbl" xml:lang="en-US" id="id_12895287_2996977_1_1">Us fixed annuity products [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_UsFixedAnnuityProductsMember_lbl" xml:lang="en-US" id="id_12895287_2996977_2_1">U.S. fixed annuity products [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_UsFixedAnnuityProductsMember" xlink:to="mfc_UsFixedAnnuityProductsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_USGovernmentAndAgencyMember" xlink:label="mfc_USGovernmentAndAgencyMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_USGovernmentAndAgencyMember_lbl" xml:lang="en-US" id="id_12895287_2998123_3_1">U.S. government and agency [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_USGovernmentAndAgencyMember_lbl" xml:lang="en-US" id="id_12895287_2998123_1_1">U.S. government and agency [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_USGovernmentAndAgencyMember_lbl" xml:lang="en-US" id="id_12895287_2998123_2_1">U.S. government and agency [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_USGovernmentAndAgencyMember" xlink:to="mfc_USGovernmentAndAgencyMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_UsPlansMember" xlink:label="mfc_UsPlansMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_UsPlansMember_lbl" xml:lang="en-US" id="id_12895287_2998187_3_1">Us plans.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_UsPlansMember_lbl" xml:lang="en-US" id="id_12895287_2998187_1_1">Us plans [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_UsPlansMember_lbl" xml:lang="en-US" id="id_12895287_2998187_2_1">U.S. plans [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_UsPlansMember" xlink:to="mfc_UsPlansMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_USVariableAnnuitiesGuaranteedMinimumWithdrawalBenefitIncidenceAndUtilizationMember" xlink:label="mfc_USVariableAnnuitiesGuaranteedMinimumWithdrawalBenefitIncidenceAndUtilizationMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_USVariableAnnuitiesGuaranteedMinimumWithdrawalBenefitIncidenceAndUtilizationMember_lbl" xml:lang="en-US" id="id_12895287_2997558_3_1">The member stands for U.S. variable annuities guaranteed minimum withdrawal benefit incidence and utilization.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_USVariableAnnuitiesGuaranteedMinimumWithdrawalBenefitIncidenceAndUtilizationMember_lbl" xml:lang="en-US" id="id_12895287_2997558_1_1">U.S. variable annuities guaranteed minimum withdrawal benefit incidence and utilization [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_USVariableAnnuitiesGuaranteedMinimumWithdrawalBenefitIncidenceAndUtilizationMember_lbl" xml:lang="en-US" id="id_12895287_2997558_2_1">U.S. variable annuities guaranteed minimum withdrawal benefit incidence and utilization [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_USVariableAnnuitiesGuaranteedMinimumWithdrawalBenefitIncidenceAndUtilizationMember" xlink:to="mfc_USVariableAnnuitiesGuaranteedMinimumWithdrawalBenefitIncidenceAndUtilizationMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_UtilitiesMember" xlink:label="mfc_UtilitiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_UtilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2997669_3_1">Utilities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_UtilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2997669_1_1">Utilities [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_UtilitiesMember_lbl" xml:lang="en-US" id="id_12895287_2997669_2_1">Utilities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_UtilitiesMember" xlink:to="mfc_UtilitiesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ValuationTechniquesMember" xlink:label="ifrs-full_ValuationTechniquesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ValuationTechniquesMember_lbl" xml:lang="en-US" id="id_12895287_2939176_1_1">Valuation techniques [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ValuationTechniquesMember_lbl" xml:lang="en-US" id="id_12895287_2939176_2_1">Valuation techniques [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ValuationTechniquesMember" xlink:to="ifrs-full_ValuationTechniquesMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xlink:label="ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis_lbl" xml:lang="en-US" id="id_12895287_2938495_1_1">Valuation techniques used in fair value measurement [axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis_lbl" xml:lang="en-US" id="id_12895287_2938495_2_1">Valuation techniques used in fair value measurement [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xlink:to="ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_VariableAnnuityAndSegregatedFundGuaranteesNetOfReinsuranceLineItems" xlink:label="mfc_VariableAnnuityAndSegregatedFundGuaranteesNetOfReinsuranceLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_VariableAnnuityAndSegregatedFundGuaranteesNetOfReinsuranceLineItems_lbl" xml:lang="en-US" id="id_12895287_2944120_3_1">Variable annuity and segregated fund guarantees net of reinsurance.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_VariableAnnuityAndSegregatedFundGuaranteesNetOfReinsuranceTable_lbl" xml:lang="en-US" id="id_12895287_2979844_3_1">Variable annuity and segregated fund guarantees, net of reinsurance [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_VariableAnnuityAndSegregatedFundGuaranteesNetOfReinsuranceTable_lbl" xml:lang="en-US" id="id_12895287_2979844_1_1">Variable annuity and segregated fund guarantees, net of reinsurance [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_VariableAnnuityAndSegregatedFundGuaranteesNetOfReinsuranceTable_lbl" xml:lang="en-US" id="id_12895287_2979844_2_1">Variable annuity and segregated fund guarantees, net of reinsurance [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_VariableAnnuityAndSegregatedFundGuaranteesNetOfReinsuranceTable" xlink:to="mfc_VariableAnnuityAndSegregatedFundGuaranteesNetOfReinsuranceTable_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_VariableAnnuityGuaranteeDynamicHedgingAndMacroEquityRiskHedgingProgramsMember" xlink:label="mfc_VariableAnnuityGuaranteeDynamicHedgingAndMacroEquityRiskHedgingProgramsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_VariableAnnuityGuaranteeDynamicHedgingAndMacroEquityRiskHedgingProgramsMember_lbl" xml:lang="en-US" id="id_12895287_2997684_3_1">Variable annuity guarantee dynamic hedging and macro equity risk hedging programs.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_VariableAnnuityGuaranteeDynamicHedgingAndMacroEquityRiskHedgingProgramsMember_lbl" xml:lang="en-US" id="id_12895287_2997684_1_1">Variable annuity guarantee dynamic hedging and macro equity risk hedging programs [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_VariableAnnuityGuaranteeDynamicHedgingAndMacroEquityRiskHedgingProgramsMember_lbl" xml:lang="en-US" id="id_12895287_2997684_2_1">Variable annuity guarantee dynamic hedging and macro equity risk hedging programs [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_VariableAnnuityGuaranteeDynamicHedgingAndMacroEquityRiskHedgingProgramsMember" xlink:to="mfc_VariableAnnuityGuaranteeDynamicHedgingAndMacroEquityRiskHedgingProgramsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_VariableAnnuityGuaranteeDynamicHedgingRiskManagementStrategy" xlink:label="mfc_VariableAnnuityGuaranteeDynamicHedgingRiskManagementStrategy"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_VariableAnnuityGuaranteeDynamicHedgingRiskManagementStrategy_lbl" xml:lang="en-US" id="id_12895287_3012788_3_1">Percentage of variable annuity guarantee dynamic hedging risk management strategy.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_VariableAnnuityGuaranteeDynamicHedgingRiskManagementStrategy_lbl" xml:lang="en-US" id="id_12895287_3012788_1_1">Variable Annuity Guarantee Dynamic Hedging Risk Management Strategy</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_VariableAnnuityGuaranteeDynamicHedgingRiskManagementStrategy_lbl" xml:lang="en-US" id="id_12895287_3012788_2_1">Variable annuity guarantee dynamic hedging</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_VariableAnnuityGuaranteeDynamicHedgingRiskManagementStrategy" xlink:to="mfc_VariableAnnuityGuaranteeDynamicHedgingRiskManagementStrategy_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_VariableAnnuityGuaranteeLiabilitiesRebalancedBasisPointIntervals" xlink:label="mfc_VariableAnnuityGuaranteeLiabilitiesRebalancedBasisPointIntervals"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_VariableAnnuityGuaranteeLiabilitiesRebalancedBasisPointIntervals_lbl" xml:lang="en-US" id="id_12895287_3022774_3_1">Variable annuity guarantee liabilities, rebalanced basis point intervals.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_VariableAnnuityGuaranteeLiabilitiesRebalancedBasisPointIntervals_lbl" xml:lang="en-US" id="id_12895287_3022774_1_1">Variable annuity guarantee liabilities, rebalanced basis point intervals</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_VariableAnnuityGuaranteeLiabilitiesRebalancedBasisPointIntervals_lbl" xml:lang="en-US" id="id_12895287_3022774_2_1">Variable annuity guarantee liabilities, rebalanced basis point intervals</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_VariableAnnuityGuaranteeLiabilitiesRebalancedBasisPointIntervals" xlink:to="mfc_VariableAnnuityGuaranteeLiabilitiesRebalancedBasisPointIntervals_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_VariableFundingSurplusNoteMember" xlink:label="mfc_VariableFundingSurplusNoteMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_VariableFundingSurplusNoteMember_lbl" xml:lang="en-US" id="id_12895287_2996538_3_1">Variable Funding Surplus Note [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_VariableFundingSurplusNoteMember_lbl" xml:lang="en-US" id="id_12895287_2996538_1_1">Variable Funding Surplus Note [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_VariableFundingSurplusNoteMember_lbl" xml:lang="en-US" id="id_12895287_2996538_2_1">Variable Funding Surplus Note [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_VariableFundingSurplusNoteMember" xlink:to="mfc_VariableFundingSurplusNoteMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_VariableSurplusNoteMember" xlink:label="mfc_VariableSurplusNoteMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_VariableSurplusNoteMember_lbl" xml:lang="en-US" id="id_12895287_3030867_3_1">Variable surplus note.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_VariableSurplusNoteMember_lbl" xml:lang="en-US" id="id_12895287_3030867_1_1">Variable Surplus Note [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_VariableSurplusNoteMember_lbl" xml:lang="en-US" id="id_12895287_3030867_2_1">Variable Surplus Note [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_VariableSurplusNoteMember" xlink:to="mfc_VariableSurplusNoteMember_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_VariousOtherInvestedAssetsMember" xlink:label="mfc_VariousOtherInvestedAssetsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_VariousOtherInvestedAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2997626_3_1">Various other invested assets.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_VariousOtherInvestedAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2997626_1_1">Various other invested assets [member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_VariousOtherInvestedAssetsMember_lbl" xml:lang="en-US" id="id_12895287_2997626_2_1">Various other [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_VariousOtherInvestedAssetsMember" xlink:to="mfc_VariousOtherInvestedAssetsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation" xlink:label="ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation_lbl" xml:lang="en-US" id="id_12895287_2939182_1_1">Weighted average duration of defined benefit obligation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation_lbl" xml:lang="en-US" id="id_12895287_2939182_2_1">Weighted average duration (in years) of the defined benefit obligations</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation" xlink:to="ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2939346_1_1">Weighted average exercise price of share options exercisable in share-based payment arrangement</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2939346_2_1">Weighted average exercise price, Exercisable, Ending balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2939346_12_1">Weighted average exercise price, Options exercisable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement" xlink:to="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2939183_1_1">Weighted average exercise price of share options exercised in share-based payment arrangement</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2939183_2_1">Weighted average exercise price, Exercised</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:to="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2938500_1_1">Weighted average exercise price of share options expired in share-based payment arrangement</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2938500_2_1">Weighted average exercise price, Expired</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement" xlink:to="ifrs-full_WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2939456_1_1">Weighted average exercise price of share options forfeited in share-based payment arrangement</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2939456_2_1">Weighted average exercise price, Forfeited</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement" xlink:to="ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2939457_1_1">Weighted average exercise price of share options granted in share-based payment arrangement</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2939457_2_1">Weighted average exercise price, Granted</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:to="ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2939347_1_1">Weighted average exercise price of share options outstanding in share-based payment arrangement</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2939347_4_1">Weighted average exercise price, Ending balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2939347_5_1">Weighted average exercise price, Beginning balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement_lbl" xml:lang="en-US" id="id_12895287_2939347_2_1">Weighted average exercise price, Options outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement" xlink:to="ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_WeightedAverageFairValueAtMeasurementDateShareOptionsGranted" xlink:label="ifrs-full_WeightedAverageFairValueAtMeasurementDateShareOptionsGranted"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_WeightedAverageFairValueAtMeasurementDateShareOptionsGranted_lbl" xml:lang="en-US" id="id_12895287_2939348_1_1">Weighted average fair value at measurement date, share options granted</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_WeightedAverageFairValueAtMeasurementDateShareOptionsGranted_lbl" xml:lang="en-US" id="id_12895287_2939348_2_1">Weighted average fair value of options granted</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageFairValueAtMeasurementDateShareOptionsGranted" xlink:to="ifrs-full_WeightedAverageFairValueAtMeasurementDateShareOptionsGranted_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_WeightedAverageMaturityTerm" xlink:label="mfc_WeightedAverageMaturityTerm"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_WeightedAverageMaturityTerm_lbl" xml:lang="en-US" id="id_12895287_2977599_3_1">Weighted average maturity term.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_WeightedAverageMaturityTerm_lbl" xml:lang="en-US" id="id_12895287_2977599_1_1">Weighted average maturity term</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_WeightedAverageMaturityTerm_lbl" xml:lang="en-US" id="id_12895287_2977599_2_1">Weighted average maturity (in years)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_WeightedAverageMaturityTerm" xlink:to="mfc_WeightedAverageMaturityTerm_lbl"/>
    <loc xlink:type="locator" xlink:href="mfc-20171231.xsd#mfc_WeightedAverageRemainingContractualLifeOfExercisableShareOptions" xlink:label="mfc_WeightedAverageRemainingContractualLifeOfExercisableShareOptions"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="mfc_WeightedAverageRemainingContractualLifeOfExercisableShareOptions_lbl" xml:lang="en-US" id="id_12895287_2945663_3_1">Weighted average remaining contractual life of exercisable share options.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="mfc_WeightedAverageRemainingContractualLifeOfExercisableShareOptions_lbl" xml:lang="en-US" id="id_12895287_2945663_1_1">Weighted average remaining contractual life of exercisable share options</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="mfc_WeightedAverageRemainingContractualLifeOfExercisableShareOptions_lbl" xml:lang="en-US" id="id_12895287_2945663_2_1">Weighted average remaining contractual life (in years), Options exercisable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="mfc_WeightedAverageRemainingContractualLifeOfExercisableShareOptions" xlink:to="mfc_WeightedAverageRemainingContractualLifeOfExercisableShareOptions_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions" xlink:label="ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions"/>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>16
<FILENAME>mfc-20171231_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
<XBRL>
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<!-- Creation date: 2018-02-07T19:39:10Z -->
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6924079328">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Document and Entity Information<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<div>Dec. 31, 2017 </div>
<div>shares</div>
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</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">40-F<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Dec. 31,  2017<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalYearFocus', window );">Document Fiscal Year Focus</a></td>
<td class="text">2017<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalPeriodFocus', window );">Document Fiscal Period Focus</a></td>
<td class="text">FY<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">MFC<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">MANULIFE FINANCIAL CORP<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001086888<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CurrentFiscalYearEndDate', window );">Current Fiscal Year End Date</a></td>
<td class="text">--12-31<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCurrentReportingStatus', window );">Entity Current Reporting Status</a></td>
<td class="text">Yes<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=ifrs-full_OrdinarySharesMember', window );">Common shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="nump">1,981,836,232<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=mfc_ClassASharesSeriesTwoMember', window );">Class A Shares Series 2 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="nump">14,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=mfc_ClassASharesSeriesThreeMember', window );">Class A Shares Series 3 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="nump">12,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=mfc_ClassOneSharesSeriesThreeMember', window );">Class 1 Shares Series 3 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="nump">6,335,831<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=mfc_ClassOneSharesSeriesFourMember', window );">Class 1 Shares Series 4 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="nump">1,664,169<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=mfc_ClassOneSharesSeriesFiveMember', window );">Class 1 Shares Series 5 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="nump">8,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=mfc_ClassOneSharesSeriesSevenMember', window );">Class 1 Shares Series 7 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="nump">10,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=mfc_ClassOneSharesSeriesNineMember', window );">Class 1 Shares Series 9 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="nump">10,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=mfc_ClassOneSharesSeriesElevenMember', window );">Class 1 Shares Series 11 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="nump">8,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=mfc_ClassOneSharesSeriesThirteenMember', window );">Class 1 Shares Series 13 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="nump">8,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=mfc_ClassOneSharesSeriesFifteenMember', window );">Class 1 Shares Series 15 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="nump">8,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=mfc_ClassOneSharesSeriesSeventeenMember', window );">Class 1 Shares Series 17 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="nump">14,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=mfc_ClassOneSharesSeriesNineteenMember', window );">Class 1 Shares Series 19 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="nump">10,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=mfc_ClassOneSharesSeriesTwentyOneMember', window );">Class 1 Shares Series 21 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="nump">17,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=mfc_ClassOneSharesSeriesTwentyThreeMember', window );">Class 1 Shares Series 23 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="nump">19,000,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>If the value is true, then the document is an amendment to previously-filed/accepted document.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CurrentFiscalYearEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>End date of current fiscal year in the format --MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CurrentFiscalYearEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gMonthDayItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalPeriodFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalPeriodFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fiscalPeriodItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalYearFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalYearFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gYearItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentInformationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentInformationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other".</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12b<br> -Subsection 1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCommonStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCommonStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCurrentReportingStatus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCurrentReportingStatus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12b<br> -Subsection 1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=ifrs-full_OrdinarySharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=ifrs-full_OrdinarySharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=mfc_ClassASharesSeriesTwoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=mfc_ClassASharesSeriesTwoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=mfc_ClassASharesSeriesThreeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=mfc_ClassASharesSeriesThreeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=mfc_ClassOneSharesSeriesThreeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=mfc_ClassOneSharesSeriesThreeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=mfc_ClassOneSharesSeriesFourMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=mfc_ClassOneSharesSeriesFourMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=mfc_ClassOneSharesSeriesFiveMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=mfc_ClassOneSharesSeriesFiveMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=mfc_ClassOneSharesSeriesSevenMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=mfc_ClassOneSharesSeriesSevenMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=mfc_ClassOneSharesSeriesNineMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=mfc_ClassOneSharesSeriesNineMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=mfc_ClassOneSharesSeriesElevenMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=mfc_ClassOneSharesSeriesElevenMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=mfc_ClassOneSharesSeriesThirteenMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=mfc_ClassOneSharesSeriesThirteenMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>31
<FILENAME>R2.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6924591168">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Consolidated Statements of Financial Position - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and short-term securities</a></td>
<td class="nump">CAD 15,965<span></span>
</td>
<td class="nump">CAD 15,151<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">174,000<span></span>
</td>
<td class="nump">168,622<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityInstrumentsHeld', window );">Public equities</a></td>
<td class="nump">21,545<span></span>
</td>
<td class="nump">19,496<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_Mortgages', window );">Mortgages</a></td>
<td class="nump">44,742<span></span>
</td>
<td class="nump">44,193<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PrivatePlacements', window );">Private placements</a></td>
<td class="nump">32,132<span></span>
</td>
<td class="nump">29,729<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentsForRiskOfPolicyholders', window );">Policy loans</a></td>
<td class="nump">5,808<span></span>
</td>
<td class="nump">6,041<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LoansAndAdvancesToCustomers', window );">Loans to bank clients</a></td>
<td class="nump">1,737<span></span>
</td>
<td class="nump">1,745<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentProperty', window );">Real estate</a></td>
<td class="nump">13,810<span></span>
</td>
<td class="nump">14,132<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherInvestedAssets', window );">Other invested assets</a></td>
<td class="nump">24,483<span></span>
</td>
<td class="nump">22,760<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestedAssets', window );">Total invested assets (note 4)</a></td>
<td class="nump">334,222<span></span>
</td>
<td class="nump">321,869<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherAssets1Abstract', window );"><strong>Other assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AccruedIncome', window );">Accrued investment income</a></td>
<td class="nump">2,182<span></span>
</td>
<td class="nump">2,260<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OutstandingPremiums', window );">Outstanding premiums</a></td>
<td class="nump">1,148<span></span>
</td>
<td class="nump">845<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivatives (note 5)</a></td>
<td class="nump">15,569<span></span>
</td>
<td class="nump">23,672<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReinsuranceAssets', window );">Reinsurance assets (note 8)</a></td>
<td class="nump">30,359<span></span>
</td>
<td class="nump">34,952<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxAssets', window );">Deferred tax assets (note 6)</a></td>
<td class="nump">4,569<span></span>
</td>
<td class="nump">4,439<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Goodwill and intangible assets (note 7)</a></td>
<td class="nump">9,840<span></span>
</td>
<td class="nump">10,107<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_MiscellaneousOtherAssets', window );">Miscellaneous</a></td>
<td class="nump">7,337<span></span>
</td>
<td class="nump">7,360<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherAssets', window );">Total other assets</a></td>
<td class="nump">71,004<span></span>
</td>
<td class="nump">83,635<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetAssetsHeldByPolicyholders', window );">Segregated funds net assets (note 22)</a></td>
<td class="nump">324,307<span></span>
</td>
<td class="nump">315,177<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">729,533<span></span>
</td>
<td class="nump">720,681<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Insurance contract liabilities (note 8)</a></td>
<td class="nump">304,605<span></span>
</td>
<td class="nump">297,505<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentContractsLiabilities', window );">Investment contract liabilities (note 9)</a></td>
<td class="nump">3,126<span></span>
</td>
<td class="nump">3,275<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepositsFromCustomers', window );">Deposits from bank clients</a></td>
<td class="nump">18,131<span></span>
</td>
<td class="nump">17,919<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivatives (note 5)</a></td>
<td class="nump">7,822<span></span>
</td>
<td class="nump">14,151<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilities', window );">Deferred tax liabilities (note 6)</a></td>
<td class="nump">1,281<span></span>
</td>
<td class="nump">1,359<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherFinancialLiabilities', window );">Other liabilities</a></td>
<td class="nump">14,926<span></span>
</td>
<td class="nump">15,596<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FinancialLiabilitiesBeforeLongTermDebtCapitalInstrumentsAndSegregatedFunds', window );">Financial liabilities</a></td>
<td class="nump">349,891<span></span>
</td>
<td class="nump">349,805<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term debt (note 11)</a></td>
<td class="nump">4,785<span></span>
</td>
<td class="nump">5,696<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtSecurities', window );">Capital instruments (note 12)</a></td>
<td class="nump">8,387<span></span>
</td>
<td class="nump">7,180<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetLiabilities', window );">Segregated funds net liabilities (note 22)</a></td>
<td class="nump">324,307<span></span>
</td>
<td class="nump">315,177<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Liabilities', window );">Total liabilities</a></td>
<td class="nump">687,370<span></span>
</td>
<td class="nump">677,858<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAbstract', window );"><strong>Equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionalPaidinCapital', window );">Contributed surplus</a></td>
<td class="nump">277<span></span>
</td>
<td class="nump">284<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RetainedEarnings', window );">Shareholders' retained earnings</a></td>
<td class="nump">10,083<span></span>
</td>
<td class="nump">9,759<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherReservesAbstract', window );"><strong>Shareholders' accumulated other comprehensive income (loss):</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReserveOfRemeasurementsOfDefinedBenefitPlans', window );">Pension and other post-employment plans</a></td>
<td class="num">(364)<span></span>
</td>
<td class="num">(417)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssets', window );">Available-for-sale securities</a></td>
<td class="nump">179<span></span>
</td>
<td class="num">(394)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReserveOfCashFlowHedges', window );">Cash flow hedges</a></td>
<td class="num">(109)<span></span>
</td>
<td class="num">(232)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReserveOfExchangeDifferencesOnTranslation', window );">Translation of foreign operations and real estate revaluation surplus</a></td>
<td class="nump">4,381<span></span>
</td>
<td class="nump">6,390<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAttributableToOwnersOfParent', window );">Total shareholders' equity</a></td>
<td class="nump">41,013<span></span>
</td>
<td class="nump">41,832<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ParticipatingPolicyholdersEquity', window );">Participating policyholders' equity</a></td>
<td class="nump">221<span></span>
</td>
<td class="nump">248<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncontrollingInterests', window );">Non-controlling interests</a></td>
<td class="nump">929<span></span>
</td>
<td class="nump">743<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Total equity</a></td>
<td class="nump">42,163<span></span>
</td>
<td class="nump">42,823<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilities', window );">Total liabilities and equity</a></td>
<td class="nump">729,533<span></span>
</td>
<td class="nump">720,681<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_PreferenceSharesMember', window );">Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAbstract', window );"><strong>Equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IssuedCapital', window );">Issued shares (note 13)</a></td>
<td class="nump">3,577<span></span>
</td>
<td class="nump">3,577<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherReservesAbstract', window );"><strong>Shareholders' accumulated other comprehensive income (loss):</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Total equity</a></td>
<td class="nump">3,577<span></span>
</td>
<td class="nump">3,577<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember', window );">Common shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAbstract', window );"><strong>Equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IssuedCapital', window );">Issued shares (note 13)</a></td>
<td class="nump">22,989<span></span>
</td>
<td class="nump">22,865<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherReservesAbstract', window );"><strong>Shareholders' accumulated other comprehensive income (loss):</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Total equity</a></td>
<td class="nump">CAD 22,989<span></span>
</td>
<td class="nump">CAD 22,865<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AccruedIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of asset representing income that has been earned but is not yet received.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AccruedIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdditionalPaidinCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount received or receivable from the issuance of the entity's shares in excess of nominal value and amounts received from other transactions involving the entity's stock or stockholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdditionalPaidinCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of resources: (a) controlled by the entity as a result of past events; and (b) from which future economic benefits are expected to flow to the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B13<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DebtInstrumentsHeld">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of instruments representing indebtedness held by the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DebtInstrumentsHeld</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DebtSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of instruments issued by the entity that represent indebtedness.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DebtSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amounts of income taxes recoverable in future periods in respect of: (a) deductible temporary differences; (b) the carryforward of unused tax losses; and (c) the carryforward of unused tax credits. [Refer: Temporary differences [member]; Unused tax credits [member]; Unused tax losses [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph g<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_g_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph o<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_o&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 56<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_56&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amounts of income taxes payable in future periods in respect of taxable temporary differences. [Refer: Temporary differences [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph g<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_g_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph o<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_o&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 56<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_56&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DepositsFromCustomers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of deposit liabilities from customers held by the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DepositsFromCustomers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DerivativeFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of financial assets classified as derivative instruments. [Refer: Financial assets; Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DerivativeFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DerivativeFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of financial liabilities classified as derivative instruments. [Refer: Financial assets; Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DerivativeFinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Equity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 24<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Equity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAndLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of the entity's equity and liabilities. [Refer: Equity; Liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAndLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAttributableToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of equity attributable to the owners of the parent. This specifically excludes non-controlling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph r<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_r&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAttributableToOwnersOfParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityInstrumentsHeld">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of instruments held by the entity that provide evidence of a residual interest in the assets of another entity after deducting all of its liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityInstrumentsHeld</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IntangibleAssetsAndGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of intangible assets and goodwill held by the entity. [Refer: Goodwill; Intangible assets other than goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IntangibleAssetsAndGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InvestmentContractsLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities relating to investment contracts that fall within the scope of IAS 39 or IFRS 9.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InvestmentContractsLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InvestmentProperty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Expiry date 2019-01-01: The amount of property (land or a building - or part of a building - or both) held (by the owner or by the lessee under a finance lease) to earn rentals or for capital appreciation or both, rather than for: (a) use in the production or supply of goods or services or for administrative purposes; or (b) sale in the ordinary course of business.
Effective 2019-01-01: The amount of property (land or a building - or part of a building - or both) held (by the owner or by the lessee as a right-of-use asset) to earn rentals or for capital appreciation or both, rather than for: (a) use in the production or supply of goods or services or for administrative purposes; or (b) sale in the ordinary course of business.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 40<br> -IssueDate 2017-01-01<br> -Paragraph 76<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=40&amp;date=2017-03-01&amp;anchor=para_76&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 40<br> -IssueDate 2017-01-01<br> -Paragraph 79<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=40&amp;date=2017-03-01&amp;anchor=para_79_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InvestmentProperty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InvestmentsForRiskOfPolicyholders">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of investments against insurance liabilities where all risk is borne by the policyholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InvestmentsForRiskOfPolicyholders</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IssuedCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The nominal value of capital issued.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IssuedCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Liabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of present obligations of the entity arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Liabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities under insurance contracts and reinsurance contracts issued. [Refer: Types of insurance contracts [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_37_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_37_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph IG20<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_IG20_a&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph IG37<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_IG37_a&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LiabilitiesArisingFromInsuranceContracts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LoansAndAdvancesToCustomers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of loans and advances the entity has made to customers.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LoansAndAdvancesToCustomers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The non-current portion of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of equity in a subsidiary not attributable, directly or indirectly, to a parent. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 12<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_12_f&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph q<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_q&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 10<br> -IssueDate 2017-01-01<br> -Paragraph 22<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=10&amp;date=2017-03-01&amp;anchor=para_22&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of financial liabilities that the entity does not separately disclose in the same statement or note. [Refer: Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph m<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_m&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherFinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherReservesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherReservesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReinsuranceAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of a cedant&#8217;s net contractual rights under a reinsurance contract.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_37_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReinsuranceAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReserveOfCashFlowHedges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A component of equity representing the accumulated portion of gain (loss) on a hedging instrument that is determined to be an effective hedge for cash flow hedges. [Refer: Cash flow hedges [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 9<br> -IssueDate 2017-01-01<br> -Paragraph 6.5.11<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=9&amp;date=2017-03-01&amp;anchor=para_6.5.11&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReserveOfCashFlowHedges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReserveOfExchangeDifferencesOnTranslation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A component of equity representing exchange differences on translation of financial statements of foreign operations recognised in other comprehensive income and accumulated in equity. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 21<br> -IssueDate 2017-01-01<br> -Paragraph 52<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=21&amp;date=2017-03-01&amp;anchor=para_52_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReserveOfExchangeDifferencesOnTranslation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A component of equity representing accumulated gains and losses on remeasuring available-for-sale financial assets. [Refer: Financial assets available-for-sale]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-02&amp;anchor=para_78_e&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReserveOfRemeasurementsOfDefinedBenefitPlans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A component of equity representing the accumulated remeasurements of defined benefit plans. [Refer: Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReserveOfRemeasurementsOfDefinedBenefitPlans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RetainedEarnings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A component of equity representing the entity's cumulative undistributed earnings or deficit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph IG6<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_IG6&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RetainedEarnings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_FinancialLiabilitiesBeforeLongTermDebtCapitalInstrumentsAndSegregatedFunds">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Financial Liabilities before long term debt,capital instruments and segregated funds.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_FinancialLiabilitiesBeforeLongTermDebtCapitalInstrumentsAndSegregatedFunds</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_InvestedAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Invested assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_InvestedAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_MiscellaneousOtherAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Miscellaneous other assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_MiscellaneousOtherAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_Mortgages">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Mortgages.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_Mortgages</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_OtherAssets1Abstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Other assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_OtherAssets1Abstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_OtherInvestedAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Other invested assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_OtherInvestedAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_OutstandingPremiums">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Outstanding Premiums</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_OutstandingPremiums</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ParticipatingPolicyholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Participating policyholders equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ParticipatingPolicyholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_PrivatePlacements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Investment in private placements of other companies.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_PrivatePlacements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_SegregatedFundsNetAssetsHeldByPolicyholders">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Segregated funds net assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_SegregatedFundsNetAssetsHeldByPolicyholders</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_SegregatedFundsNetLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Segregated funds net liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_SegregatedFundsNetLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_PreferenceSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_PreferenceSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>32
<FILENAME>R3.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6923798640">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Consolidated Statements of Income - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InsurancePremiumIncomeAbstract', window );"><strong>Premium income</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeArisingFromInsuranceContracts', window );">Gross premiums</a></td>
<td class="nump">CAD 36,361<span></span>
</td>
<td class="nump">CAD 36,659<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PremiumsCededToReinsurers', window );">Premiums ceded to reinsurers</a></td>
<td class="num">(8,151)<span></span>
</td>
<td class="num">(9,027)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premiums</a></td>
<td class="nump">28,210<span></span>
</td>
<td class="nump">27,632<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentIncomeLossAbstract', window );"><strong>Investment income (note 4)</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentIncome', window );">Investment income</a></td>
<td class="nump">13,649<span></span>
</td>
<td class="nump">13,390<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_RealizedAndUnrealizedGainsLossesOnAssetsSupportingInsuranceAndInvestmentContractLiabilitiesAndOnMacroHedgeProgram', window );">Realized and unrealized gains on assets supporting insurance and investment contract liabilities and on the macro hedge program</a></td>
<td class="nump">5,718<span></span>
</td>
<td class="nump">1,134<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInvestmentIncomeLoss', window );">Net investment income</a></td>
<td class="nump">19,367<span></span>
</td>
<td class="nump">14,524<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherRevenue', window );">Other revenue</a></td>
<td class="nump">10,746<span></span>
</td>
<td class="nump">11,181<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Total revenue</a></td>
<td class="nump">58,323<span></span>
</td>
<td class="nump">53,337<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_BenefitsClaimsAndExpensesAbstract', window );"><strong>Contract benefits and expenses To contract holders and beneficiaries</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InsuranceClaimsAndBenefitsGross', window );">Gross claims and benefits (note 8)</a></td>
<td class="nump">24,994<span></span>
</td>
<td class="nump">25,059<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangeInInsuranceContractLiabilities', window );">Change in insurance contract liabilities</a></td>
<td class="nump">20,023<span></span>
</td>
<td class="nump">18,014<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInInvestmentContractLiabilities', window );">Change in investment contract liabilities</a></td>
<td class="nump">173<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_BenefitsAndExpensesCededToReinsurers', window );">Benefits and expenses ceded to reinsurers</a></td>
<td class="num">(8,158)<span></span>
</td>
<td class="num">(8,097)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInReinsuranceAssets', window );">Change in reinsurance assets (note 8)</a></td>
<td class="nump">2,269<span></span>
</td>
<td class="num">(842)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries', window );">Net benefits and claims</a></td>
<td class="nump">39,301<span></span>
</td>
<td class="nump">34,134<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SellingGeneralAndAdministrativeExpense', window );">General expenses</a></td>
<td class="nump">7,233<span></span>
</td>
<td class="nump">6,995<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentExpenses', window );">Investment expenses (note 4)</a></td>
<td class="nump">1,673<span></span>
</td>
<td class="nump">1,646<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FeeAndCommissionExpense', window );">Commissions</a></td>
<td class="nump">6,116<span></span>
</td>
<td class="nump">5,818<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestExpense', window );">Interest expense</a></td>
<td class="nump">1,139<span></span>
</td>
<td class="nump">1,013<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInsurancePremiumTaxes', window );">Net premium taxes</a></td>
<td class="nump">360<span></span>
</td>
<td class="nump">402<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_BenefitsExpenseArisingFromInsuranceContracts', window );">Total contract benefits and expenses</a></td>
<td class="nump">55,822<span></span>
</td>
<td class="nump">50,008<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income before income taxes</a></td>
<td class="nump">2,501<span></span>
</td>
<td class="nump">3,329<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Income tax (expense) recovery</a></td>
<td class="num">(239)<span></span>
</td>
<td class="num">(196)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income</a></td>
<td class="nump">2,262<span></span>
</td>
<td class="nump">3,133<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToAbstract', window );"><strong>Net income (loss) attributed to:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToNoncontrollingInterests', window );">Non-controlling interests</a></td>
<td class="nump">194<span></span>
</td>
<td class="nump">143<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProfitLossAttributableToParticipatingPolicyholders', window );">Participating policyholders</a></td>
<td class="num">(36)<span></span>
</td>
<td class="nump">61<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Shareholders</a></td>
<td class="nump">2,104<span></span>
</td>
<td class="nump">2,929<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income</a></td>
<td class="nump">2,262<span></span>
</td>
<td class="nump">3,133<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Net income attributed to shareholders</a></td>
<td class="nump">2,104<span></span>
</td>
<td class="nump">2,929<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProfitLossAttributableToPreferredShareDividends', window );">Preferred share dividends</a></td>
<td class="num">(159)<span></span>
</td>
<td class="num">(133)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProfitLossAttributableToCommonShareholders', window );">Common shareholders' net income</a></td>
<td class="nump">CAD 1,945<span></span>
</td>
<td class="nump">CAD 2,796<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EarningsPerShareAbstract', window );"><strong>Earnings per share</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BasicEarningsLossPerShare', window );">Basic earnings per common share (note 13)</a></td>
<td class="nump">CAD 0.98<span></span>
</td>
<td class="nump">CAD 1.42<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DilutedEarningsLossPerShare', window );">Diluted earnings per common share (note 13)</a></td>
<td class="nump">0.98<span></span>
</td>
<td class="nump">1.41<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsPaidOrdinarySharesPerShare', window );">Dividends per common share</a></td>
<td class="nump">CAD 0.82<span></span>
</td>
<td class="nump">CAD 0.74<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BasicEarningsLossPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator) divided by the weighted average number of ordinary shares outstanding during the period (the denominator).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2017-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2017-03-01&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BasicEarningsLossPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of claims and benefits paid to policyholders, net of reinsurance recoveries.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DilutedEarningsLossPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator), divided by the weighted average number of ordinary shares outstanding during the period (the denominator), both adjusted for the effects of all dilutive potential ordinary shares. [Refer: Ordinary shares [member]; Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2017-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2017-03-01&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DilutedEarningsLossPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsPaidOrdinarySharesPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends paid per ordinary share.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 34<br> -IssueDate 2017-01-01<br> -Paragraph 16A<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=34&amp;date=2017-03-01&amp;anchor=para_16A_f&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsPaidOrdinarySharesPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EarningsPerShareAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EarningsPerShareAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FeeAndCommissionExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense relating to fees and commissions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FeeAndCommissionExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeArisingFromInsuranceContracts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income arising from insurance contracts. [Refer: Types of insurance contracts [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_37_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeArisingFromInsuranceContracts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxExpenseContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax that relate to continuing operations. [Refer: Continuing operations [member]; Current tax expense (income); Deferred tax expense (income)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause viii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=26&amp;date=2017-03-01&amp;anchor=para_35_b_viii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -Subparagraph h<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23_h&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 79<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_79&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 82<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_82_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_c_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B13<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B13_g&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxExpenseContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInReinsuranceAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in reinsurance assets. [Refer: Reinsurance assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph IG37<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_IG37&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_37_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInReinsuranceAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense arising from interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B13<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B13_f&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InvestmentIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of investment income, such as interest and dividends.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=26&amp;date=2017-03-01&amp;anchor=para_35_b_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InvestmentIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NetEarnedPremium">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of premiums earned on insurance contracts net of reinsurance premiums. [Refer: Types of insurance contracts [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NetEarnedPremium</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of revenue arising from sources that the entity does not separately disclose in the same statement or note. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 18<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=18&amp;date=2017-03-02&amp;anchor=para_35_b&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 18<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective on first application of IFRS 9<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 39L<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_39L_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToNoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) attributable to non-controlling interests. [Refer: Profit (loss); Non-controlling interests]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 12<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_12_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81B<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81B_a_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToNoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) attributable to owners of the parent. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81B<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81B_a_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToOwnersOfParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing operations before tax expense or income. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Revenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The income arising in the course of an entity's ordinary activities. Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in an increase in equity, other than those relating to contributions from equity participants.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_32&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 33<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_33_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 34<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 82<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_82_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 18<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=18&amp;date=2017-03-02&amp;anchor=para_35_b&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br><br>Reference 9: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_v&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 11: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Revenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SellingGeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense relating to selling, general and administrative activities of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SellingGeneralAndAdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_BenefitsAndExpensesCededToReinsurers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Benefits and expenses ceded to reinsurers.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_BenefitsAndExpensesCededToReinsurers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_BenefitsClaimsAndExpensesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Benefits claims and expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_BenefitsClaimsAndExpensesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_BenefitsExpenseArisingFromInsuranceContracts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Benefits expense arising from insurance contracts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_BenefitsExpenseArisingFromInsuranceContracts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ChangeInInsuranceContractLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Change in insurance contract liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ChangeInInsuranceContractLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_IncreaseDecreaseInInvestmentContractLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase decrease in investment contract liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncreaseDecreaseInInvestmentContractLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_InsuranceClaimsAndBenefitsGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Insurance claims and benefits gross.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_InsuranceClaimsAndBenefitsGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_InsurancePremiumIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Insurance premium income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_InsurancePremiumIncomeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_InvestmentExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Investment expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_InvestmentExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_InvestmentIncomeLossAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Investment Income Loss [abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_InvestmentIncomeLossAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NetInsurancePremiumTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net insurance premium taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NetInsurancePremiumTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NetInvestmentIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net investment income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NetInvestmentIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_PremiumsCededToReinsurers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Premiums ceded to reinsurers.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_PremiumsCededToReinsurers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ProfitLossAttributableToCommonShareholders">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Profit loss attributable to common shareholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ProfitLossAttributableToCommonShareholders</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ProfitLossAttributableToParticipatingPolicyholders">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Profit loss attributable to participating policyholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ProfitLossAttributableToParticipatingPolicyholders</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ProfitLossAttributableToPreferredShareDividends">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Profit loss attributable to preferred share dividends.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ProfitLossAttributableToPreferredShareDividends</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_RealizedAndUnrealizedGainsLossesOnAssetsSupportingInsuranceAndInvestmentContractLiabilitiesAndOnMacroHedgeProgram">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities and on the macro hedge program.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_RealizedAndUnrealizedGainsLossesOnAssetsSupportingInsuranceAndInvestmentContractLiabilitiesAndOnMacroHedgeProgram</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
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<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6923608544">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Consolidated Statements of Comprehensive Income - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_StatementOfComprehensiveIncomeAbstract', window );"><strong>Statement of comprehensive income [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income</a></td>
<td class="nump">CAD 2,262<span></span>
</td>
<td class="nump">CAD 3,133<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExchangeDifferencesOnTranslationAbstract', window );"><strong>Foreign exchange gains (losses) on:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax', window );">Translation of foreign operations</a></td>
<td class="num">(2,256)<span></span>
</td>
<td class="num">(1,044)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax', window );">Net investment hedges</a></td>
<td class="nump">227<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AvailableforsaleFinancialAssetsAbstract', window );"><strong>Available-for-sale financial securities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax', window );">Unrealized gains (losses) arising during the year</a></td>
<td class="nump">601<span></span>
</td>
<td class="num">(218)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsNetOfTax', window );">Reclassification of net realized gains and impairments to net income</a></td>
<td class="num">(32)<span></span>
</td>
<td class="num">(523)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowHedgesAbstract', window );"><strong>Cash flow hedges:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax', window );">Unrealized gains arising during the year</a></td>
<td class="nump">110<span></span>
</td>
<td class="nump">21<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax', window );">Reclassification of realized losses to net income</a></td>
<td class="nump">13<span></span>
</td>
<td class="nump">11<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax', window );">Share of other comprehensive income of associates</a></td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax', window );">Total items that may be subsequently reclassified to net income</a></td>
<td class="num">(1,336)<span></span>
</td>
<td class="num">(1,751)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract', window );"><strong>Items that will not be reclassified to net income:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans', window );">Change in pension and other post-employment plans</a></td>
<td class="nump">53<span></span>
</td>
<td class="nump">104<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluation', window );">Real estate revaluation reserve</a></td>
<td class="nump">30<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax', window );">Total items that will not be reclassified to net income</a></td>
<td class="nump">83<span></span>
</td>
<td class="nump">104<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncome', window );">Other comprehensive loss, net of tax</a></td>
<td class="num">(1,253)<span></span>
</td>
<td class="num">(1,647)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncome', window );">Total comprehensive income, net of tax</a></td>
<td class="nump">1,009<span></span>
</td>
<td class="nump">1,486<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncomeAttributableToAbstract', window );"><strong>Total comprehensive income (loss) attributed to:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests', window );">Non-controlling interests</a></td>
<td class="nump">192<span></span>
</td>
<td class="nump">141<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ComprehensiveIncomeAttributableToParticipatingPolicyholders', window );">Participating policyholders</a></td>
<td class="num">(27)<span></span>
</td>
<td class="nump">61<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent', window );">Shareholders</a></td>
<td class="nump">844<span></span>
</td>
<td class="nump">1,284<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeAbstract', window );"><strong>Income tax expense (recovery) on:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome', window );">Unrealized foreign exchange gains/losses on translation of foreign operations</a></td>
<td class="num">(1)<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxRelatingToHedgesOfNetInvestmentsInForeignOperationsOfOtherComprehensiveIncome', window );">Unrealized foreign exchange gains/losses on net investment hedges</a></td>
<td class="nump">48<span></span>
</td>
<td class="nump">22<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxRelatingToAvailableforsaleFinancialAssetsOfOtherComprehensiveIncome', window );">Unrealized gains/losses on available-for-sale financial securities</a></td>
<td class="nump">284<span></span>
</td>
<td class="num">(15)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncomeTaxRelatingToReclassificationAdjustmentOnAvailableforsaleFinancialAssetsOfOtherComprehensiveIncome', window );">Reclassification of realized gains/losses and recoveries/impairments to net income on available-for-sale financial securities</a></td>
<td class="nump">7<span></span>
</td>
<td class="num">(183)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome', window );">Unrealized gains/losses on cash flow hedges</a></td>
<td class="nump">49<span></span>
</td>
<td class="nump">15<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncomeTaxRelatingToReclassificationAdjustmentsOnCashFlowHedgesOfOtherComprehensiveIncome', window );">Reclassification of realized gains/losses to net income on cash flow hedges</a></td>
<td class="nump">3<span></span>
</td>
<td class="nump">6<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome', window );">Change in pension and other post-employment plans</a></td>
<td class="nump">37<span></span>
</td>
<td class="nump">57<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxRelatingToChangesInRevaluationSurplusOfOtherComprehensiveIncome', window );">Real estate revaluation reserve</a></td>
<td class="nump">9<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome', window );">Total income tax expense (recovery)</a></td>
<td class="nump">CAD 436<span></span>
</td>
<td class="num">CAD (97)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AvailableforsaleFinancialAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AvailableforsaleFinancialAssetsAbstract</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowHedgesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowHedgesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause ix<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_ix&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81A<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81A_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncomeAttributableToAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncomeAttributableToAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of comprehensive income attributable to non-controlling interests. [Refer: Comprehensive income; Non-controlling interests]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81B<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81B_b_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of comprehensive income attributable to owners of the parent. [Refer: Comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81B<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81B_b_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ExchangeDifferencesOnTranslationAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ExchangeDifferencesOnTranslationAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) recognised in other comprehensive income on cash flow hedges, net of tax. [Refer: Cash flow hedges [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-02&amp;anchor=para_23_c&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 91<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 24C<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_24C_b_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 24E<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_24E_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) recognised in other comprehensive income on exchange differences on the translation of financial statements of foreign operations, net of tax. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 91<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) recognised in other comprehensive income on hedges of net investments in foreign operations, net of tax. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 39<br> -IssueDate 2017-01-01<br> -Paragraph 102<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=39&amp;date=2017-03-01&amp;anchor=para_102_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 91<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 24C<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_24C_b_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 24E<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_24E_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 9<br> -IssueDate 2017-01-01<br> -Paragraph 6.5.13<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=9&amp;date=2017-03-01&amp;anchor=para_6.5.13_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) recognised in other comprehensive income on remeasuring available-for-sale financial assets, net of tax. [Refer: Financial assets available-for-sale]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-02&amp;anchor=para_20_a_ii&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 91<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-02&amp;anchor=para_91_a&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxRelatingToAvailableforsaleFinancialAssetsOfOtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income tax relating to amounts recognised in other comprehensive income in relation to available-for-sale financial assets. [Refer: Financial assets available-for-sale; Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph ab<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-02&amp;anchor=para_81_ab&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 90<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-02&amp;anchor=para_90&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxRelatingToAvailableforsaleFinancialAssetsOfOtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income tax relating to amounts recognised in other comprehensive income in relation to cash flow hedges. [Refer: Cash flow hedges [member]; Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph ab<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_ab&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 90<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_90&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxRelatingToChangesInRevaluationSurplusOfOtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income tax relating to amounts recognised in other comprehensive income in relation to changes in a revaluation surplus. [Refer: Revaluation surplus; Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph ab<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_ab&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 90<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_90&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxRelatingToChangesInRevaluationSurplusOfOtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income tax relating to amounts recognised in other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph ab<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_ab&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 90<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_90&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeAbstract</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income tax relating to amounts recognised in other comprehensive income in relation to exchange differences on the translation of financial statements of foreign operations. [Refer: Other comprehensive income; Reserve of exchange differences on translation]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph ab<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_ab&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 90<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_90&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxRelatingToHedgesOfNetInvestmentsInForeignOperationsOfOtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income tax relating to amounts recognised in other comprehensive income in relation to hedges of net investments in foreign operations. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph ab<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_ab&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 90<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_90&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxRelatingToHedgesOfNetInvestmentsInForeignOperationsOfOtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income tax relating to amounts recognised in other comprehensive income in relation to remeasurements of defined benefit plans. [Refer: Other comprehensive income; Reserve of remeasurements of defined benefit plans; Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph ab<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_ab&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 90<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_90&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income and expense (including reclassification adjustments) that is not recognised in profit or loss as required or permitted by IFRSs. [Refer: IFRSs [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause viii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_viii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81A<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81A_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 91<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of other comprehensive income, net of tax, related to gains (losses) on remeasurements of defined benefit plans, which comprise actuarial gains and losses; the return on plan assets, excluding amounts included in net interest on the net defined benefit liability (asset); and any change in the effect of the asset ceiling, excluding amounts included in net interest on the net defined benefit liability (asset). [Refer: Other comprehensive income; Defined benefit plans [member]; Plan assets [member]; Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 91<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 7<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of other comprehensive income, net of tax, related to gains (losses) in relation to changes in the revaluation surplus. [Refer: Other comprehensive income; Revaluation surplus]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 91<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 7<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of other comprehensive income that will be reclassified to profit or loss, net of tax. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph IG6<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_IG6&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 82A<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_82A&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of other comprehensive income that will not be reclassified to profit or loss, net of tax. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph IG6<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_IG6&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 82A<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_82A&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 18<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective on first application of IFRS 9<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 39L<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_39L_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of reclassification adjustments related to available-for-sale financial assets, net of tax. Reclassification adjustments are amounts reclassified to profit (loss) in the current period that were recognised in other comprehensive income in the current or previous periods. [Refer: Financial assets available-for-sale; Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-02&amp;anchor=para_20_a_ii&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 92<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-02&amp;anchor=para_92&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReclassificationAdjustmentsOnAvailableforsaleFinancialAssetsNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of reclassification adjustments related to cash flow hedges, net of tax. Reclassification adjustments are amounts reclassified to profit (loss) in the current period that were recognised in other comprehensive income in the current or previous periods. [Refer: Cash flow hedges [member]; Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 92<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_92&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-02&amp;anchor=para_23_d&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 24C<br> -Subparagraph b<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_24C_b_iv&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 24E<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_24E_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Share of the other comprehensive income of associates and joint ventures accounted for using the equity method that will be reclassified to profit or loss, net of tax.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 82A<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_82A&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_StatementOfComprehensiveIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_StatementOfComprehensiveIncomeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ComprehensiveIncomeAttributableToParticipatingPolicyholders">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Comprehensive income attributable to participating policyholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ComprehensiveIncomeAttributableToParticipatingPolicyholders</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_IncomeTaxRelatingToReclassificationAdjustmentOnAvailableforsaleFinancialAssetsOfOtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Income tax relating to reclassification adjustment on available-for-sale financial assets of other comprehensive income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncomeTaxRelatingToReclassificationAdjustmentOnAvailableforsaleFinancialAssetsOfOtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_IncomeTaxRelatingToReclassificationAdjustmentsOnCashFlowHedgesOfOtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Income tax relating to reclassification adjustments on cash flow hedges of other comprehensive income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncomeTaxRelatingToReclassificationAdjustmentsOnCashFlowHedgesOfOtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>34
<FILENAME>R5.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6891372960">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Consolidated Statements of Changes in Equity - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Total</div></th>
<th class="th"><div>Preferred shares [Member]</div></th>
<th class="th"><div>Common shares [Member]</div></th>
<th class="th"><div>Contributed Surplus [Member]</div></th>
<th class="th"><div>Shareholders' Retained Earnings [Member]</div></th>
<th class="th"><div>Shareholders' accumulated other comprehensive income (loss) ("AOCI") [Member]</div></th>
<th class="th"><div>Participating Policyholders' Equity [Member]</div></th>
<th class="th"><div>Non-controlling Interests [Member]</div></th>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balance, beginning of year at Dec. 31, 2015</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 2,693<span></span>
</td>
<td class="nump">CAD 22,799<span></span>
</td>
<td class="nump">CAD 277<span></span>
</td>
<td class="nump">CAD 8,398<span></span>
</td>
<td class="nump">CAD 6,992<span></span>
</td>
<td class="nump">CAD 187<span></span>
</td>
<td class="nump">CAD 592<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax', window );">Change in unrealized foreign exchange gains (losses) of net foreign operations</a></td>
<td class="num">CAD (1,044)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,042)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Net income attributed to shareholders</a></td>
<td class="nump">2,929<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,929<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToNoncontrollingInterests', window );">Net income attributed to non-controlling interests</a></td>
<td class="nump">143<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">143<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IssueOfEquity', window );">Issued (note 13)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">900<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseThroughExerciseOfOptionsAndDeferredShareUnits', window );">Exercise of stock options and deferred share units</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(12)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProfitLossAttributableToParticipatingPolicyholders', window );">Net income (loss) attributed to participating policyholders</a></td>
<td class="nump">61<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">61<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughExerciseOfOptions', window );">Issued on exercise of stock options</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">66<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans', window );">Change in actuarial gains (losses) on pension and other post-employment plans</a></td>
<td class="nump">104<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">104<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsPaidOtherShares', window );">Preferred share dividends</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(133)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherComprehensiveLossAttributableToNoncontrollingInterests', window );">Other comprehensive loss attributed to non-controlling interests</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareIssueRelatedCost', window );">Issuance costs, net of tax</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(16)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions', window );">Stock option expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">19<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax', window );">Change in unrealized gains (losses) on available-for-sale financial securities</a></td>
<td class="num">(218)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(739)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsPaidOrdinaryShares', window );">Common share dividends</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,435)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ContributionsNetNoncontrollingInterests', window );">Contributions (distributions), net</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax', window );">Change in unrealized gains (losses) on derivative instruments designated as cash flow hedges</a></td>
<td class="nump">21<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">32<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balance, end of year at Dec. 31, 2016</a></td>
<td class="nump">42,823<span></span>
</td>
<td class="nump">3,577<span></span>
</td>
<td class="nump">22,865<span></span>
</td>
<td class="nump">284<span></span>
</td>
<td class="nump">9,759<span></span>
</td>
<td class="nump">5,347<span></span>
</td>
<td class="nump">248<span></span>
</td>
<td class="nump">743<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAttributableToOwnersOfParent', window );">Total shareholders' equity, end of year</a></td>
<td class="nump">41,832<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax', window );">Change in unrealized foreign exchange gains (losses) of net foreign operations</a></td>
<td class="num">(2,256)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2,029)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Net income attributed to shareholders</a></td>
<td class="nump">2,104<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,104<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToNoncontrollingInterests', window );">Net income attributed to non-controlling interests</a></td>
<td class="nump">194<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">194<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseThroughExerciseOfOptionsAndDeferredShareUnits', window );">Exercise of stock options and deferred share units</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(22)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProfitLossAttributableToParticipatingPolicyholders', window );">Net income (loss) attributed to participating policyholders</a></td>
<td class="num">(36)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(36)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughExerciseOfOptions', window );">Issued on exercise of stock options</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">124<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans', window );">Change in actuarial gains (losses) on pension and other post-employment plans</a></td>
<td class="nump">53<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">53<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsPaidOtherShares', window );">Preferred share dividends</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(159)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherComprehensiveLossAttributableToNoncontrollingInterests', window );">Other comprehensive loss attributed to non-controlling interests</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareIssueRelatedCost', window );">Issuance costs, net of tax</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions', window );">Stock option expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherComprehensiveIncomeAttributableToPolicyholders', window );">Other comprehensive income attributed to policyholders</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax', window );">Change in unrealized gains (losses) on available-for-sale financial securities</a></td>
<td class="nump">601<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">572<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsPaidOrdinaryShares', window );">Common share dividends</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,621)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ContributionsNetNoncontrollingInterests', window );">Contributions (distributions), net</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(6)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax', window );">Change in unrealized gains (losses) on derivative instruments designated as cash flow hedges</a></td>
<td class="nump">110<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">123<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluation', window );">Change in real estate revaluation reserve</a></td>
<td class="nump">30<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax', window );">Share of other comprehensive income of associates</a></td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balance, end of year at Dec. 31, 2017</a></td>
<td class="nump">42,163<span></span>
</td>
<td class="nump">CAD 3,577<span></span>
</td>
<td class="nump">CAD 22,989<span></span>
</td>
<td class="nump">CAD 277<span></span>
</td>
<td class="nump">CAD 10,083<span></span>
</td>
<td class="nump">CAD 4,087<span></span>
</td>
<td class="nump">CAD 221<span></span>
</td>
<td class="nump">CAD 929<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAttributableToOwnersOfParent', window );">Total shareholders' equity, end of year</a></td>
<td class="nump">CAD 41,013<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsPaidOrdinaryShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends paid by the entity on ordinary shares. [Refer: Ordinary shares [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 34<br> -IssueDate 2017-01-01<br> -Paragraph 16A<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=34&amp;date=2017-03-01&amp;anchor=para_16A_f&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsPaidOrdinaryShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsPaidOtherShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends paid by the entity on shares other than ordinary shares. [Refer: Ordinary shares [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 34<br> -IssueDate 2017-01-01<br> -Paragraph 16A<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=34&amp;date=2017-03-01&amp;anchor=para_16A_f&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsPaidOtherShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Equity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 24<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Equity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAttributableToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of equity attributable to the owners of the parent. This specifically excludes non-controlling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph r<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_r&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAttributableToOwnersOfParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) recognised in other comprehensive income on cash flow hedges, net of tax. [Refer: Cash flow hedges [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-02&amp;anchor=para_23_c&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 91<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 24C<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_24C_b_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 24E<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_24E_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) recognised in other comprehensive income on exchange differences on the translation of financial statements of foreign operations, net of tax. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 91<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) recognised in other comprehensive income on remeasuring available-for-sale financial assets, net of tax. [Refer: Financial assets available-for-sale]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-02&amp;anchor=para_20_a_ii&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 91<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-02&amp;anchor=para_91_a&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughExerciseOfOptions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity resulting from the exercise of options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughExerciseOfOptions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity resulting from share-based payment transactions. [Refer: Equity]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IssueOfEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase in equity through the issue of equity instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IssueOfEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of other comprehensive income, net of tax, related to gains (losses) on remeasurements of defined benefit plans, which comprise actuarial gains and losses; the return on plan assets, excluding amounts included in net interest on the net defined benefit liability (asset); and any change in the effect of the asset ceiling, excluding amounts included in net interest on the net defined benefit liability (asset). [Refer: Other comprehensive income; Defined benefit plans [member]; Plan assets [member]; Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 91<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 7<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of other comprehensive income, net of tax, related to gains (losses) in relation to changes in the revaluation surplus. [Refer: Other comprehensive income; Revaluation surplus]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 91<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_91_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 7<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRevaluation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToNoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) attributable to non-controlling interests. [Refer: Profit (loss); Non-controlling interests]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 12<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_12_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81B<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81B_a_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToNoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) attributable to owners of the parent. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81B<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81B_a_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToOwnersOfParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShareIssueRelatedCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cost related to the issuance of shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShareIssueRelatedCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Share of the other comprehensive income of associates and joint ventures accounted for using the equity method that will be reclassified to profit or loss, net of tax.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 82A<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_82A&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ContributionsNetNoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Contributions net noncontrolling interests.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ContributionsNetNoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_IncreaseDecreaseThroughExerciseOfOptionsAndDeferredShareUnits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase (decrease) through exercise of options and deferred share units</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncreaseDecreaseThroughExerciseOfOptionsAndDeferredShareUnits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_OtherComprehensiveIncomeAttributableToPolicyholders">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Other comprehensive income attributable to policyholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_OtherComprehensiveIncomeAttributableToPolicyholders</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_OtherComprehensiveLossAttributableToNoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Other comprehensive loss attributable to noncontrolling interests.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_OtherComprehensiveLossAttributableToNoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ProfitLossAttributableToParticipatingPolicyholders">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Profit loss attributable to participating policyholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ProfitLossAttributableToParticipatingPolicyholders</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_PreferenceSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_PreferenceSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComponentsOfEquityAxis=ifrs-full_AdditionalPaidinCapitalMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComponentsOfEquityAxis=ifrs-full_RetainedEarningsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComponentsOfEquityAxis=ifrs-full_RetainedEarningsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComponentsOfEquityAxis=ifrs-full_AccumulatedOtherComprehensiveIncomeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComponentsOfEquityAxis=ifrs-full_AccumulatedOtherComprehensiveIncomeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComponentsOfEquityAxis=mfc_ParticipatingPolicyholdersEquityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComponentsOfEquityAxis=mfc_ParticipatingPolicyholdersEquityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComponentsOfEquityAxis=ifrs-full_NoncontrollingInterestsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComponentsOfEquityAxis=ifrs-full_NoncontrollingInterestsMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>35
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6924515552">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Consolidated Statements of Cash Flows - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract', window );"><strong>Operating activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income</a></td>
<td class="nump">CAD 2,262<span></span>
</td>
<td class="nump">CAD 3,133<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForReconcileProfitLossAbstract', window );"><strong>Adjustments:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInInuranceContractLiabilities', window );">Increase in insurance contract liabilities</a></td>
<td class="nump">20,023<span></span>
</td>
<td class="nump">18,014<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInInvestmentContractLiabilities', window );">Increase in investment contract liabilities</a></td>
<td class="nump">173<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInReinsuranceAssets', window );">(Increase) decrease in reinsurance assets</a></td>
<td class="nump">2,269<span></span>
</td>
<td class="num">(842)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdjustmentsForAmortisationOfPremiumOrDiscountOnInvestedAssets', window );">Amortization of (premium) discount on invested assets</a></td>
<td class="nump">230<span></span>
</td>
<td class="nump">78<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForAmortisationExpense', window );">Other amortization</a></td>
<td class="nump">560<span></span>
</td>
<td class="nump">693<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdjustmentsForNetRealizedAndUnrealizedGainsLossesAndImpairmentsOnAssets', window );">Net realized and unrealized (gains) losses and impairment on assets</a></td>
<td class="num">(7,188)<span></span>
</td>
<td class="num">(2,804)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDeferredTaxExpense', window );">Deferred income tax recovery</a></td>
<td class="num">(331)<span></span>
</td>
<td class="num">(235)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForSharebasedPayments', window );">Stock option expense</a></td>
<td class="nump">15<span></span>
</td>
<td class="nump">19<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperations', window );">Cash provided by (used in) operating activities before undernoted items</a></td>
<td class="nump">18,013<span></span>
</td>
<td class="nump">18,056<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangesInPolicyRelatedAndOperatingReceivablesAndPayables', window );">Changes in policy related and operating receivables and payables</a></td>
<td class="num">(222)<span></span>
</td>
<td class="num">(1,039)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivities', window );">Cash provided by (used in) operating activities</a></td>
<td class="nump">17,791<span></span>
</td>
<td class="nump">17,017<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract', window );"><strong>Investing activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PurchasesAndMortgageAdvances', window );">Purchases and mortgage advances</a></td>
<td class="num">(87,224)<span></span>
</td>
<td class="num">(104,059)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProceedsFromDisposalsAndRepayments', window );">Disposals and repayments</a></td>
<td class="nump">70,720<span></span>
</td>
<td class="nump">82,001<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangeInInvestmentBrokerNetReceivablesAndPayables', window );">Change in investment broker net receivables and payables</a></td>
<td class="nump">227<span></span>
</td>
<td class="num">(186)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities', window );">Net cash decrease from sale and purchase of subsidiaries and businesses</a></td>
<td class="num">(10)<span></span>
</td>
<td class="num">(495)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivities', window );">Cash provided by (used in) investing activities</a></td>
<td class="num">(16,287)<span></span>
</td>
<td class="num">(22,739)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract', window );"><strong>Financing activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughModificationOfContractualCashFlowsFinancialAssets', window );">Decrease in repurchase agreements and securities sold but not yet purchased</a></td>
<td class="num">(29)<span></span>
</td>
<td class="num">(23)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromNoncurrentBorrowings', window );">Issue of long-term debt, net (note 11)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,899<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RepaymentsOfNoncurrentBorrowings', window );">Redemption of long-term debt (note 11)</a></td>
<td class="num">(607)<span></span>
</td>
<td class="num">(158)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures', window );">Issue of capital instruments, net (note 12)</a></td>
<td class="nump">2,209<span></span>
</td>
<td class="nump">479<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RepaymentsOfBondsNotesAndDebentures', window );">Redemption of capital instruments (note 12)</a></td>
<td class="num">(899)<span></span>
</td>
<td class="num">(949)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProceedsFromSecuredBorrowingFromSecuritizationTransactionsClassifiedAsFinancingActivities', window );">Secured borrowing from securitization transactions</a></td>
<td class="nump">741<span></span>
</td>
<td class="nump">847<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings', window );">Changes in deposits from Bank clients, net</a></td>
<td class="nump">261<span></span>
</td>
<td class="num">(157)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities', window );">Shareholders' dividends paid in cash</a></td>
<td class="num">(1,780)<span></span>
</td>
<td class="num">(1,593)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ContributionsFromDistributionsToNoncontrollingInterests', window );">Contributions from (distributions to) non-controlling interests, net</a></td>
<td class="num">(6)<span></span>
</td>
<td class="nump">10<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssueOfOrdinaryShares', window );">Common shares issued, net (note 13)</a></td>
<td class="nump">124<span></span>
</td>
<td class="nump">66<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssueOfPreferenceShares', window );">Preferred shares issued, net (note 13)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">884<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivities', window );">Cash provided by (used in) financing activities</a></td>
<td class="nump">14<span></span>
</td>
<td class="nump">3,305<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalentsAbstract', window );"><strong>Cash and short-term securities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges', window );">Increase (decrease) during the year</a></td>
<td class="nump">1,518<span></span>
</td>
<td class="num">(2,417)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents', window );">Effect of foreign exchange rate changes on cash and short-term securities</a></td>
<td class="num">(658)<span></span>
</td>
<td class="num">(347)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition', window );">Balance, beginning of year</a></td>
<td class="nump">14,238<span></span>
</td>
<td class="nump">17,002<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition', window );">Balance, December 31</a></td>
<td class="nump">15,098<span></span>
</td>
<td class="nump">14,238<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPositionAbstract', window );"><strong>Cash and short-term securities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Gross cash and short-term securities, beginning of year</a></td>
<td class="nump">15,151<span></span>
</td>
<td class="nump">17,885<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherDifferencesToCashAndCashEquivalentsInStatementOfCashFlows', window );">Net payments in transit, included in other liabilities, beginning of year</a></td>
<td class="num">(913)<span></span>
</td>
<td class="num">(883)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition', window );">Balance, beginning of year</a></td>
<td class="nump">14,238<span></span>
</td>
<td class="nump">17,002<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Gross cash and short-term securities, end of year</a></td>
<td class="nump">15,965<span></span>
</td>
<td class="nump">15,151<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherDifferencesToCashAndCashEquivalentsInStatementOfCashFlows', window );">Net payments in transit, included in other liabilities, end of year</a></td>
<td class="num">(867)<span></span>
</td>
<td class="num">(913)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition', window );">Balance, December 31</a></td>
<td class="nump">15,098<span></span>
</td>
<td class="nump">14,238<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SupplementalCashFlowInformation1Abstract', window );"><strong>Supplemental disclosures on cash flow information</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InterestReceived', window );">Interest received</a></td>
<td class="nump">10,596<span></span>
</td>
<td class="nump">10,550<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InterestPaid1', window );">Interest paid</a></td>
<td class="nump">1,118<span></span>
</td>
<td class="nump">983<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxesPaidRefund', window );">Income taxes paid</a></td>
<td class="nump">CAD 1,360<span></span>
</td>
<td class="nump">CAD 841<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForAmortisationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for amortisation expense to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss); Depreciation and amortisation expense]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForAmortisationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForDeferredTaxExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for deferred tax expense to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Deferred tax expense (income); Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForDeferredTaxExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForReconcileProfitLossAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForReconcileProfitLossAbstract</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForSharebasedPayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for share-based payments to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_20_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForSharebasedPayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B13<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash and cash equivalents in the statement of cash flows when different from the amount of cash and cash equivalents in the statement of financial position. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPositionAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPositionAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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</tr>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) financing activities, which are activities that result in changes in the size and composition of the contributed equity and borrowings of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 50<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow (outflow) due to a decrease (increase) in current borrowings. [Refer: Current borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) investing activities, which are the acquisition and disposal of long-term assets and other investments not included in cash equivalents.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 50<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) operating activities, which are the principal revenue-producing activities of the entity and other activities that are not investing or financing activities. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 50<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash from (used in) the entity's operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Section A Statement of cash flows for an entity other than a financial institution<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=sect_AStatementofcashflowsforanentityotherthanafinancialinstitution&amp;doctype=Illustrative%20Examples<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate cash flows used in obtaining control of subsidiaries or other businesses, classified as investing activities. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 39<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_39&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for dividends paid to equity holders of the parent, classified as financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The effect of exchange rate changes on cash and cash equivalents held or due in a foreign currency. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_28&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxesPaidRefund">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flows from income taxes paid or refunded.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_35&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxesPaidRefund</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in cash and cash equivalents before the effect of exchange rate changes on cash and cash equivalents held in foreign currencies. [Refer: Cash and cash equivalents; Effect of exchange rate changes on cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInReinsuranceAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in reinsurance assets. [Refer: Reinsurance assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph IG37<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_IG37&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_37_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInReinsuranceAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughModificationOfContractualCashFlowsFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in financial assets resulting from the modification of contractual cash flows. [Refer: Financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 35I<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_35I_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughModificationOfContractualCashFlowsFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherDifferencesToCashAndCashEquivalentsInStatementOfCashFlows">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of differences between cash and cash equivalents in the statement of cash flows and the statement of financial position that the entity does not separately disclose in the same statement or note. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherDifferencesToCashAndCashEquivalentsInStatementOfCashFlows</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from the issuing of bonds, notes and debentures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromIssueOfOrdinaryShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from the issuing of ordinary shares. [Refer: Ordinary shares [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromIssueOfOrdinaryShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromIssueOfPreferenceShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from the issuing of preference shares. [Refer: Preference shares [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromIssueOfPreferenceShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromNoncurrentBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from non-current borrowings obtained. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromNoncurrentBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 18<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective on first application of IFRS 9<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 39L<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_39L_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RepaymentsOfBondsNotesAndDebentures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for repayments of bonds, notes and debentures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RepaymentsOfBondsNotesAndDebentures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RepaymentsOfNoncurrentBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for repayments of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RepaymentsOfNoncurrentBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_AdjustmentsForAmortisationOfPremiumOrDiscountOnInvestedAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for amortisation of premium or discount on invested assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_AdjustmentsForAmortisationOfPremiumOrDiscountOnInvestedAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_AdjustmentsForNetRealizedAndUnrealizedGainsLossesAndImpairmentsOnAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for net realized and unrealized gains (losses) and impairments on assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_AdjustmentsForNetRealizedAndUnrealizedGainsLossesAndImpairmentsOnAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ChangeInInvestmentBrokerNetReceivablesAndPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Change in investment broker net receivables and payables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ChangeInInvestmentBrokerNetReceivablesAndPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ChangesInPolicyRelatedAndOperatingReceivablesAndPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes in policy related and operating receivables and payables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ChangesInPolicyRelatedAndOperatingReceivablesAndPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ContributionsFromDistributionsToNoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Contributions from (distributions to) non-controlling interests.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ContributionsFromDistributionsToNoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_IncreaseDecreaseInInuranceContractLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase decrease in inurance contract liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncreaseDecreaseInInuranceContractLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_IncreaseDecreaseInInvestmentContractLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase decrease in investment contract liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncreaseDecreaseInInvestmentContractLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_InterestPaid1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest paid.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_InterestPaid1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_InterestReceived">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest received.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_InterestReceived</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ProceedsFromDisposalsAndRepayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Proceeds from disposals and repayments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ProceedsFromDisposalsAndRepayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ProceedsFromSecuredBorrowingFromSecuritizationTransactionsClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Proceeds from secured borrowing from securitization transactions classified as financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ProceedsFromSecuredBorrowingFromSecuritizationTransactionsClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_PurchasesAndMortgageAdvances">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Purchases and mortgage advances.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_PurchasesAndMortgageAdvances</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_SupplementalCashFlowInformation1Abstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Supplemental cash flow information.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_SupplementalCashFlowInformation1Abstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6909132400">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Nature of Operations and Significant Accounting Policies<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TextBlock1Abstract', window );"><strong>Text block1 [abstract]</strong></a></td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfNatureOfOperationsAndSignificantAccountingPoliciesTextBlock', window );">Nature of Operations and Significant Accounting Policies</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#2A517F"><b>Note
 1&#xA0;&#xA0;&#xA0;&#xA0;Nature of Operations and Significant
 Accounting Policies</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(a)
 Reporting entity</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Manulife Financial Corporation
 (&#x201C;MFC&#x201D;) is a publicly traded company and the holding
 company of The Manufacturers Life Insurance Company
 (&#x201C;MLI&#x201D;), a Canadian life insurance company. MFC and its
 subsidiaries (collectively, &#x201C;Manulife&#x201D; or the
 &#x201C;Company&#x201D;) is a leading financial services group with
 principal operations in Asia, Canada and the United States.
 Manulife&#x2019;s international network of employees, agents and
 distribution partners offers financial protection and wealth
 management products and services to personal and business clients
 as well as asset management services to institutional customers.
 The Company operates as Manulife in Canada and Asia and as John
 Hancock in the United States.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">MFC is domiciled in Canada and
 incorporated under the Insurance Companies Act (Canada)
 (&#x201C;ICA&#x201D;). These Consolidated Financial Statements have
 been prepared in accordance with International Financial Reporting
 Standards (&#x201C;IFRS&#x201D;) as issued by the
 International&#xA0;Accounting Standards Board
 (&#x201C;IASB&#x201D;).</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">These Consolidated Financial
 Statements should be read in conjunction with &#x201C;Risk
 Management&#x201D; in the 2017 Management&#x2019;s Discussion and
 Analysis (&#x201C;MD&amp;A&#x201D;) dealing with IFRS 7
 &#x201C;Financial Instruments: Disclosures&#x201D; as the discussion
 on market risk and liquidity risk includes certain disclosures that
 are considered an integral part of these Consolidated Financial
 Statements.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">These Consolidated Financial
 Statements as at and for the year ended December&#xA0;31, 2017 were
 authorized for issue by MFC&#x2019;s Board of Directors on
 February&#xA0;7, 2018.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(b) Basis
 of preparation</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The preparation of Consolidated
 Financial Statements in conformity with IFRS requires management to
 make judgments, estimates and assumptions that affect the
 application of accounting policies and the reported amounts of
 assets and liabilities, and the disclosure of contingent assets and
 liabilities as at the date of the Consolidated Financial
 Statements, and the reported amounts of revenue and expenses during
 the reporting periods. Actual results may differ from these
 estimates. The most significant estimation processes relate to
 assumptions used in measuring insurance and investment contract
 liabilities, assessing assets for impairment, determining of
 pension and other post-employment benefit obligation and expense
 assumptions, determining income taxes and uncertain tax positions
 and fair valuation of certain invested assets. Estimates and
 underlying assumptions are reviewed on an ongoing basis. Revisions
 to accounting estimates are recognized in the year in which the
 estimates are revised and in any future years affected. Although
 some variability is inherent in these estimates, management
 believes that the amounts recorded are appropriate. The significant
 accounting policies used and the most significant judgments made by
 management in applying these accounting policies in the preparation
 of these Consolidated Financial Statements are summarized
 below.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(c) Fair
 value measurement</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Fair value is defined as the price
 that would be received to sell an asset or paid to transfer a
 liability in an orderly transaction (not a forced liquidation or
 distress sale) between market participants at the measurement date,
 that is, an exit value.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">When available, quoted market
 prices are used to determine fair value. If quoted market prices
 are not available, fair value is typically based upon alternative
 valuation techniques such as discounted cash flows, matrix pricing,
 consensus pricing services and other techniques. Broker quotes are
 generally used when external public vendor prices are not
 available.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The Company has a process in place
 that includes a review of price movements relative to the market, a
 comparison of prices between vendors, and a comparison to internal
 matrix pricing which uses predominately external observable data.
 Judgment is applied in adjusting external observable data for items
 including liquidity and credit factors.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The Company categorizes its fair
 value measurements according to a three-level hierarchy. The
 hierarchy prioritizes the inputs used by the Company&#x2019;s
 valuation techniques. A level is assigned to each fair value
 measurement based on the lowest level input significant to the fair
 value measurement in its entirety. The three levels of the fair
 value hierarchy are defined as follows:</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Level 1&#xA0;&#x2013;&#xA0;Fair
 value measurements that reflect unadjusted, quoted prices in active
 markets for identical assets and liabilities that the Company has
 the ability to access at the measurement date reflecting market
 transactions.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Level 2&#xA0;&#x2013;&#xA0;Fair
 value measurements using inputs other than quoted prices included
 within Level&#xA0;1 that are observable for the asset or liability,
 either directly or indirectly. These include quoted prices for
 similar assets and liabilities in active markets, quoted prices for
 identical or similar assets and liabilities in inactive markets,
 inputs that are observable that are not prices (such as interest
 rates, credit risks, etc.) and inputs that are derived from or
 corroborated by observable market data. Most debt securities are
 classified within Level&#xA0;2. Also, included in the Level&#xA0;2
 category are derivative instruments that are priced using models
 with observable market inputs, including interest rate swaps,
 equity swaps, and foreign currency forward contracts.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Level 3&#xA0;&#x2013;&#xA0;Fair
 value measurements using significant <font style="WHITE-SPACE: nowrap">non-market</font> observable inputs. These
 include valuations for assets and liabilities that are derived
 using data, some or all of which is not market observable,
 including assumptions about risk. Level&#xA0;3 securities
 include&#xA0;less liquid securities such as structured asset-backed
 securities, commercial mortgage-backed securities
 (&#x201C;CMBS&#x201D;), certain <font style="WHITE-SPACE: nowrap">long-duration</font> bonds and other
 securities that have little or no price transparency. Embedded and
 complex derivative financial instruments as well as real estate
 classified as investment property are also included in
 Level&#xA0;3.</font></p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(d) Basis
 of consolidation</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">MFC consolidates the financial
 statements of all entities, including certain structured entities
 that it controls. Subsidiaries are entities controlled by the
 Company. The Company has control over an entity when the Company
 has the power to govern the financial and operating policies of the
 entity, is exposed to variable returns from its activities which
 are significant in relation to the total variable returns of the
 entity and the Company is able to use its power over the entity to
 affect its share of variable returns. In assessing control,
 significant judgment is applied while considering all relevant
 facts and circumstances. When assessing decision-making power, the
 Company considers the extent of its rights relative to the
 management of an entity, the level of voting rights held in an
 entity which are potentially or presently exercisable, the
 existence of any contractual management agreements which may
 provide the Company with power over an entity&#x2019;s financial and
 operating policies and to the extent of other parties&#x2019;
 ownership in an entity, if any, the possibility for de facto
 control being present. When assessing returns, the Company
 considers the significance of direct and indirect financial and
 <font style="WHITE-SPACE: nowrap">non-financial</font> variable
 returns to the Company from an entity&#x2019;s activities in
 addition to the proportionate significance of such returns. The
 Company also considers the degree to which its interests are
 aligned with those of other parties investing in an entity and the
 degree to which it may act in its own interest.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The financial statements of
 subsidiaries are included in the MFC&#x2019;s consolidated results
 from the date control is established and are excluded from
 consolidation from the date control ceases. The initial control
 assessment is performed at inception of the Company&#x2019;s
 involvement with the entity and is reconsidered at a later date if
 the Company acquires or loses power over key operating and
 financial policies of the entity; acquires additional interests or
 disposes of interests in the entity; the contractual arrangements
 of the entity are amended such that the Company&#x2019;s
 proportionate exposure to variable returns changes; or if the
 Company&#x2019;s ability to use its power to affect its variable
 returns from the entity changes.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The Company&#x2019;s Consolidated
 Financial Statements have been prepared using uniform accounting
 policies for like transactions and events in similar circumstances.
 Intercompany balances, and income and expenses arising from
 intercompany transactions, have been eliminated in preparing the
 Consolidated Financial Statements.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL"><font style="WHITE-SPACE: nowrap">Non-controlling</font> interests are
 interests of other parties in the equity of MFC&#x2019;s
 subsidiaries and are presented within total equity, separate from
 the equity of MFC&#x2019;s shareholders. <font style="WHITE-SPACE: nowrap">Non-controlling</font> interests in the net
 income and other comprehensive income (&#x201C;OCI&#x201D;) of
 MFC&#x2019;s subsidiaries are included in total net income and total
 OCI, respectively. An exception to this occurs where the
 subsidiary&#x2019;s shares are required to be redeemed for cash on a
 fixed or determinable date, in which case other parties&#x2019;
 interests in the subsidiary&#x2019;s capital are presented as
 liabilities of the Company and other parties&#x2019; <font style="WHITE-SPACE: nowrap">non-controlling</font> interests in the
 subsidiary&#x2019;s income and OCI are recorded as expenses of the
 Company.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The equity method of accounting is
 used to account for entities over which the Company has significant
 influence (&#x201C;associates&#x201D;), whereby the Company records
 its share of the associate&#x2019;s net assets and financial results
 using uniform accounting policies for similar transactions and
 events. Significant judgment is used to determine whether voting
 rights, contractual management and other relationships with the
 entity, if any, provide the Company with significant influence over
 the entity. Gains and losses on the sale of associates are included
 in income when realized, while impairment losses are recognized
 immediately when there is objective evidence of impairment. Gains
 and losses on commercial transactions with associates are
 eliminated to the extent of the Company&#x2019;s interest in the
 associate. Investments in associates are included in other invested
 assets on the Company&#x2019;s Consolidated Statements of Financial
 Position.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(e)
 Invested assets</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Invested assets that are
 considered financial instruments are classified as fair value
 through profit or loss (&#x201C;FVTPL&#x201D;), loans and
 receivables, or as <font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">available-for-sale</font></font>
 (&#x201C;AFS&#x201D;) financial assets. The Company determines the
 classification of its financial assets at initial recognition.
 Invested assets are recognized initially at fair value plus, in the
 case of investments not at FVTPL, directly attributable transaction
 costs. Invested assets are classified as financial instruments at
 FVTPL if they are held for trading, if they are designated by
 management under the fair value option, or if they are designated
 by management when they include one or more embedded derivatives.
 Invested assets classified as AFS are <font style="WHITE-SPACE: nowrap">non-derivative</font> financial assets that
 do not fall into any of the other categories described
 above.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Valuation methods for the
 Company&#x2019;s invested assets are described above. All fair value
 valuations are performed in accordance with IFRS 13 &#x201C;Fair
 Value Measurement&#x201D;. Disclosure of financial instruments
 carried at fair value with the three levels of the fair value
 hierarchy and the disclosure of the fair value for financial
 instruments not carried at fair value on the Consolidated
 Statements of Financial Position are presented in note 4. Fair
 value valuations are performed by the Company and by third-party
 service providers. When third-party service providers are engaged,
 the Company performs a variety of procedures to corroborate pricing
 information. These procedures may include, but are not limited to,
 inquiry and review of valuation techniques, inputs to the valuation
 and vendor controls reports.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Cash and short-term securities
 comprise cash, current operating accounts, overnight bank and term
 deposits, and fixed income securities held for the purpose of
 meeting short-term cash commitments. Short-term securities are
 carried at fair value. Short-term securities are comprised of
 investments due to mature within one year of the date of purchase.
 Commercial paper and discount notes are classified as Level&#xA0;2
 because these securities are typically not actively traded. Net
 payments in transit and overdraft bank balances are included in
 other liabilities.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Debt securities are carried at
 fair value. Debt securities are generally valued by independent
 pricing vendors using proprietary pricing models incorporating
 current market inputs for similar instruments with comparable terms
 and credit quality (matrix pricing). The significant inputs
 include, but are not limited to, yield curves, credit risks and
 spreads, measures of volatility and prepayment rates. These debt
 securities are classified as Level&#xA0;2, but can be Level&#xA0;3
 if the significant inputs are market unobservable. Realized gains
 and losses on sale of debt securities and unrealized gains and
 losses on debt securities designated as FVTPL are recognized in
 investment income immediately. Unrealized gains and losses on AFS
 debt securities are recorded in OCI, with the exception of
 unrealized gains and losses on foreign currency translation which
 are included in income. Impairment losses on AFS debt securities
 are recognized in income on an individual security basis when there
 is objective evidence of impairment. Impairment is considered to
 have occurred, based on management&#x2019;s judgment, when it is
 deemed probable that the Company will not be able to collect all
 amounts due according to the debt security&#x2019;s contractual
 terms.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Equities are comprised of common
 and preferred equities and are carried at fair value. Equities are
 generally classified as Level&#xA0;1, as fair values are normally
 based on quoted market prices. Realized gains and losses on sale of
 equities and unrealized gains and losses on equities designated as
 FVTPL are recognized in investment income immediately. Unrealized
 gains and losses on AFS equities are recorded in OCI. Impairment
 losses on AFS equities are recognized in income on an individual
 security basis when there is objective evidence of impairment.
 Impairment is considered to have occurred when fair value has
 declined below cost by significant amounts or for prolonged periods
 of time. Judgment is applied in determining whether the decline is
 significant or prolonged.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Mortgages are carried at amortized
 cost, and are classified as Level&#xA0;3 for fair value purposes
 due to the lack of market observability of certain significant
 valuation inputs. Realized gains and losses are recorded in
 investment income immediately. Impairment losses are recorded on
 mortgages when there is no longer reasonable assurance as to the
 timely collection of the full amount of principal and interest and
 are measured based on the discounted value of expected future cash
 flows at the original effective interest rates inherent in the
 mortgage. Expected future cash flows of impaired mortgages are
 typically determined in reference to the fair value of collateral
 security underlying the mortgage, net of expected costs of
 realization and any applicable insurance recoveries. Significant
 judgment is applied in the determination of impairment including
 the timing and amount of future collections.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The Company accounts for insured
 and uninsured mortgage securitizations as secured financing
 transactions since the criteria for sale accounting are not met.
 For these transactions, the Company continues to recognize the
 mortgages and records a liability in other liabilities for the
 amounts owed at maturity. Interest income from these mortgages and
 interest expense on the borrowings are recorded using the effective
 interest rate method.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Private placements, which include
 corporate loans for which there is no active market, are carried at
 amortized cost and are generally classified as Level&#xA0;2 for
 fair value disclosure purposes, but can be classified as
 Level&#xA0;3 if significant inputs are market unobservable.
 Realized gains and losses are recorded in income immediately.
 Impairment losses are recorded on private placements when there is
 no longer assurance as to the timely collection of the full amount
 of principal and interest. Impairment is measured based on the
 discounted value of expected future cash flows at the original
 effective interest rate inherent in the loan. Significant judgment
 is applied in the determination of impairment including the timing
 and amount of future collections.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Policy loans are carried at an
 amount equal to their unpaid balances and are classified as
 Level&#xA0;2 for fair value disclosure purposes. Policy loans are
 fully collateralized by the cash surrender value of the underlying
 policies.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Loans to Manulife Bank of Canada
 (&#x201C;Manulife Bank&#x201D; or &#x201C;Bank&#x201D;) clients are
 carried at unpaid principal balances less allowance for credit
 losses, if any, and are classified as Level&#xA0;2 for fair value
 disclosure purposes. A loan to a Bank client is considered impaired
 when there is objective evidence of impairment as a result of one
 or more loss events that have occurred after initial recognition,
 with a negative impact on the estimated future cash flows of the
 loan.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Once established, allowances for
 impairment of mortgages, private placements and loans to Bank
 clients are reversed only if the conditions that caused the
 impairment no longer exist. Reversals of impairment charges on AFS
 debt securities are only recognized in income to the extent that
 increases in fair value can be attributed to events subsequent to
 the impairment loss being recorded. Impairment losses for AFS
 equity instruments are not reversed through income. On disposition
 of an impaired asset, any allowance for impairment is
 released.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">In addition to impairments and
 provisions for loan losses (recoveries) reported in investment
 income, the measurement of insurance contract liabilities via
 investment return assumptions, includes expected future credit
 losses on fixed income investments. Refer to
 note&#xA0;8(d).</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Interest income is recognized on
 debt securities, mortgages, private placements, policy loans and
 loans to Bank clients as it accrues and is calculated using the
 effective interest rate method. Premiums, discounts and transaction
 costs are amortized over the life of the underlying investment
 using the effective yield method for all debt securities as well as
 mortgages and private placements measured at amortized
 cost.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The Company records purchases and
 sales of invested assets on a trade date basis, except for loans
 originated by the Company, which are recognized on a settlement
 date basis.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Real estate consists of both own
 use and investment property. Own use property is carried at cost
 less accumulated depreciation and any accumulated impairment
 losses. Depreciation is calculated based on the cost of an asset
 less its residual value and is recognized in income on a
 straight-line basis over the estimated useful life ranging from 30
 to 60 years. Impairment losses are recorded in income to the extent
 the recoverable amount is less than the carrying amount. Where own
 use property is included in assets backing insurance contract
 liabilities, the fair value of the property is used in the
 valuation of insurance contract liabilities. Own use property is
 classified as Level&#xA0;3 for fair value disclosure
 purposes.</font></p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">An investment property is a
 property held to earn rental income, for capital appreciation, or
 both. Investment properties are measured at fair value, with
 changes in fair value recognized in income. Fair value is
 determined using external appraisals that are based on the highest
 and best use of the property. The valuation techniques used include
 discounted cash flows, the direct capitalization method as well as
 comparable sales analysis and include both observable and
 unobservable inputs. Inputs include existing and assumed tenancies,
 market data from recent comparable transactions, future economic
 outlook and market risk assumptions, capitalization rates and
 internal rates of return. Investment properties are classified as
 Level&#xA0;3 for fair value disclosure purposes.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">When a property changes from own
 use to investment property, any gain arising on the remeasurement
 of the property to fair value at the date of transfer is recognized
 in OCI, to the extent that it is not reversing a previous
 impairment loss. Reversals of impairment losses are recognized in
 income.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Other invested assets include
 private equity and property investments held in power and
 infrastructure and timber, as well as in agriculture and oil and
 gas sectors. Private equity investments are accounted for as
 associates using the equity method (as described in note 1(d)
 above) or are classified as FVTPL or AFS and carried at fair value.
 Investments in oil and gas exploration and evaluation activities
 are measured on the cost basis using the &#x201C;successful
 efforts&#x201D; method. Timber and agriculture properties are
 measured at fair value with changes in fair value recognized in
 income, with the exception of buildings, equipment and bearer
 plants which are measured at amortized cost. The fair value of
 other invested assets is determined using a variety of valuation
 techniques as described in note 4. Other invested assets that are
 measured or disclosed at fair value are classified as
 Level&#xA0;3.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Other invested assets also include
 investments in leveraged leases, which are accounted for using the
 equity method. The carrying value under the equity method reflects
 the amortized cost of the lease receivable and related <font style="WHITE-SPACE: nowrap">non-recourse</font> debt using the effective
 yield method.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(f)
 Goodwill and intangible assets</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Goodwill represents the difference
 between the purchase consideration of an acquired business and the
 Company&#x2019;s proportionate share of the net identifiable assets
 acquired. It is initially recorded at cost and subsequently
 measured at cost less any accumulated impairment.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Goodwill is tested for impairment
 at least annually and whenever events or changes in circumstances
 indicate that the carrying amounts may not be recoverable at the
 cash generating unit (&#x201C;CGU&#x201D;) or group of CGUs level.
 The Company allocates goodwill to CGUs or groups of CGUs for the
 purpose of impairment testing based on the lowest level within the
 entity in which the goodwill is monitored for internal management
 purposes. The allocation is made to those CGUs or groups of CGUs
 that are expected to benefit from the business combination in which
 the goodwill arose. Any potential impairment of goodwill is
 identified by comparing the recoverable amount of a CGU or group of
 CGUs to its carrying value. Goodwill is reduced by the amount of
 deficiency, if any. If the deficiency exceeds the carrying amount
 of goodwill, the carrying values of the remaining assets in the CGU
 or group of CGUs are subject to being reduced by the excess on a
 <font style="WHITE-SPACE: nowrap">pro-rata</font> basis.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The recoverable amount of a CGU is
 the higher of the estimated fair value less costs to sell or the
 <font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">value-in-use</font></font> of the CGU. In
 assessing <font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">value-in-use,</font></font> estimated future
 cash flows are discounted using a <font style="WHITE-SPACE: nowrap">pre-tax</font> discount rate that reflects
 current market assessments of the time value of money and the risks
 specific to the asset. In some cases, the most recent detailed
 calculation made in a prior period of the recoverable amount of a
 CGU is used in the testing of impairment of goodwill in the current
 period. This is the case only if there are no significant changes
 to the CGU, the likelihood of impairment is remote based on the
 analysis of current events and circumstances, and the most recent
 recoverable amount substantially exceeds the carrying amount of the
 CGU.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Intangible assets with indefinite
 useful lives include the John Hancock brand name and certain
 investment management contracts. The indefinite useful life
 assessment for brand is based on the brand name being protected in
 markets where branded products are sold by trademarks, which are
 renewable indefinitely, and for certain investment management
 contracts due to the ability to renew these contracts indefinitely.
 In addition, there are no legal, regulatory or contractual
 provisions that limit the useful lives of these intangible assets.
 An intangible asset with an indefinite useful life is not amortized
 but is subject to an annual impairment test which is performed more
 frequently if there is an indication that it is not
 recoverable.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Intangible assets with finite
 useful lives include acquired distribution networks, customer
 relationships, capitalized software, certain investment management
 contracts and other contractual rights. Distribution networks,
 customer relationships, and other finite life intangible assets are
 amortized over their estimated useful lives, six to 68 years,
 either based on straight-line or in relation to other asset
 consumption metrics. Software intangible assets are amortized on a
 straight-line basis over their estimated useful lives of three to
 five years. Finite life intangible assets are assessed for
 indicators of impairment at each reporting period. If any
 indication of impairment exists, these assets are subject to an
 impairment test.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(g)
 Miscellaneous assets</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Miscellaneous assets include
 assets held in a rabbi trust with respect to unfunded defined
 benefit obligations, defined benefit assets, if any (refer to note
 1(o)), deferred acquisition costs and capital assets. Deferred
 acquisition costs are carried at cost less accumulated
 amortization. These costs are recognized over the period where
 redemption fees may be charged or over the period revenue is
 earned. Capital assets are carried at cost less accumulated
 amortization computed on a straight-line basis over their estimated
 useful lives, which vary from two to 10 years.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(h)
 Segregated funds</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The Company manages a number of
 segregated funds on behalf of policyholders. The investment returns
 on these funds are passed directly to policyholders. In some cases,
 the Company has provided guarantees associated with these
 funds.</font></p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Segregated funds net assets are
 measured at fair value and primarily include investments in mutual
 funds, debt securities, equities, real estate, short-term
 investments and cash and cash equivalents. With respect to the
 consolidation requirement of IFRS, in assessing the Company&#x2019;s
 degree of control over the underlying investments, the Company
 considers the scope of its decision-making rights, the rights held
 by other parties, its remuneration as an investment manager and its
 exposure to variability of returns. The Company has determined that
 it does not have control over the underlying investments as it acts
 as an agent on behalf of segregated fund policyholders.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The methodology applied to
 determine the fair value of investments held in segregated funds is
 consistent with that applied to invested assets held by the general
 fund, as described above in note 1(e). Segregated funds liabilities
 are measured based on the value of the segregated funds net assets.
 Investment returns on segregated funds assets belong to
 policyholders and the Company does not bear the risk associated
 with these assets outside of guarantees offered on certain variable
 life and annuity products, for which the underlying investments are
 held within segregated funds. Accordingly, investment income earned
 by segregated funds and expenses incurred by segregated funds are
 offset and are not separately presented in the Consolidated
 Statements of Income. Fee income earned by the Company for managing
 the segregated funds is included in other revenue. Refer to note
 22.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Liabilities related to guarantees
 associated with certain segregated funds, as a result of certain
 variable life and annuity contracts, are recorded within the
 Company&#x2019;s insurance contract liabilities. The Company holds
 assets supporting these guarantees which are recognized in invested
 assets according to their investment type.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(i)
 Insurance and investment contract liabilities</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Most contracts issued by the
 Company are considered insurance, investment or service contracts.
 Contracts under which the Company accepts significant insurance
 risk from a policyholder are classified as insurance contracts in
 the Consolidated Financial Statements. A contract is considered to
 have significant insurance risk if, and only if, an insured event
 could cause an insurer to make significant additional payments in
 any scenario, excluding scenarios that lack commercial substance at
 the inception of the contract. Contracts under which the Company
 does not accept significant insurance risk are either classified as
 investment contracts or considered service contracts and are
 accounted for in accordance with IAS 39 <i>&#x201C;</i>Financial
 Instruments: Recognition and Measurement<i>&#x201D;</i> or IAS 18
 &#x201C;Revenue&#x201D;, respectively.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Once a contract has been
 classified as an insurance contract it remains an insurance
 contract even if the insurance risk reduces significantly.
 Investment contracts can be reclassified as insurance contracts if
 insurance risk subsequently becomes significant.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Insurance contract liabilities,
 net of reinsurance assets, represent the amount which, together
 with estimated future premiums and net investment income, will be
 sufficient to pay estimated future benefits, policyholder dividends
 and refunds, taxes (other than income taxes) and expenses on
 policies <font style="WHITE-SPACE: nowrap">in-force.</font>
 Insurance contract liabilities are presented gross of reinsurance
 assets on the Consolidated Statements of Financial Position. The
 Company&#x2019;s Appointed Actuary is responsible for determining
 the amount of insurance contract liabilities in accordance with
 standards established by the Canadian Institute of Actuaries.
 Insurance contract liabilities, net of reinsurance assets, have
 been determined using the Canadian Asset Liability Method
 (&#x201C;CALM&#x201D;) as permitted by IFRS 4 &#x201C;Insurance
 Contracts&#x201D;. Refer to note 8.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Investment contract liabilities
 include contracts issued to retail and institutional investors that
 do not contain significant insurance risk. Investment contract
 liabilities and deposits are measured at amortized cost or at fair
 value by election. The election reduces accounting mismatches
 between assets supporting these contracts and the related policy
 liabilities. Investment contract liabilities are derecognized when
 the contract expires, is discharged or is cancelled.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Derivatives embedded within
 insurance contracts are separated if they are not considered to be
 closely related to the host insurance contract and do not meet the
 definition of an insurance contract. These embedded derivatives are
 presented separately in other assets or other liabilities and are
 measured at fair value with changes in fair value recognized in
 income.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(j)
 Reinsurance assets</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The Company uses reinsurance in
 the normal course of business to manage its risk exposure.
 Insurance ceded to a reinsurer does not relieve the Company from
 its obligations to policyholders. The Company remains liable to its
 policyholders for the portion reinsured to the extent that any
 reinsurer does not meet its obligations for reinsurance ceded to it
 under a reinsurance agreement.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Reinsurance assets represent the
 benefit derived from reinsurance agreements <font style="WHITE-SPACE: nowrap">in-force</font> at the reporting date, taking
 into account the financial condition of the reinsurer. Amounts
 recoverable from reinsurers are estimated in accordance with the
 terms of the relevant reinsurance contract.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Gains or losses on reinsurance
 transactions are recognized in income immediately on the
 transaction date and are not amortized. Premiums ceded and claims
 reimbursed are presented on a gross basis on the Consolidated
 Statements of Income. Reinsurance assets are not offset against the
 related insurance contract liabilities and are presented separately
 on the Consolidated Statements of Financial Position. Refer to note
 8(a).</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(k) Other
 financial instruments accounted for as
 liabilities</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The Company issues a variety of
 other financial instruments classified as liabilities, including
 notes payable, term notes, senior notes, senior debentures,
 subordinated notes, surplus notes, subscription receipts and
 preferred shares.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">These financial liabilities are
 measured at amortized cost, with issuance costs deferred and
 amortized using the effective interest rate method.</font></p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(l)
 Income taxes</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The provision for income taxes is
 calculated based on income tax laws and income tax rates
 substantively enacted as at the date of the Consolidated Statements
 of Financial Position. The income tax provision is comprised of
 current income taxes and deferred income taxes. Current and
 deferred income taxes relating to items recognized in OCI and
 directly in equity are similarly recognized in OCI and directly in
 equity, respectively.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Current income taxes are amounts
 expected to be payable or recoverable as a result of operations in
 the current year and any adjustments to taxes payable in respect of
 previous years.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Deferred income taxes are provided
 for using the liability method and result from temporary
 differences between the carrying values of assets and liabilities
 and their respective tax bases. Deferred income taxes are measured
 at the substantively enacted tax rates that are expected to be
 applied to temporary differences when they reverse.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">A deferred tax asset is recognized
 to the extent that future realization of the tax benefit is
 probable. Deferred tax assets are reviewed at each reporting date
 and are reduced to the extent that it is no longer probable that
 the tax benefit will be realized. Deferred tax assets and
 liabilities are offset if there is a legally enforceable right to
 offset current tax liabilities and assets and they relate to income
 taxes levied by the same tax authority on the same taxable
 entity.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Deferred tax liabilities are
 recognized for all taxable temporary differences, except in respect
 of taxable temporary differences associated with investments in
 subsidiaries and associates, where the timing of the reversal of
 the temporary differences can be controlled and it is probable that
 the temporary differences will not reverse in the foreseeable
 future.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The Company records provisions for
 uncertain tax positions if it is probable that the Company will
 make a payment on tax positions as a result of examinations by tax
 authorities. These provisions are measured at the Company&#x2019;s
 best estimate of the amount expected to be paid. Provisions are
 reversed to income in the period in which management assesses they
 are no longer required or determined by statute.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The Company is subject to income
 tax laws in various jurisdictions. Tax laws are complex and
 potentially subject to different interpretations by the taxpayer
 and the relevant tax authority. The provision for income taxes and
 deferred income taxes represents management&#x2019;s interpretation
 of the relevant tax laws and its estimate of current and future
 income tax implications of the transactions and events during the
 year. The Company may be required to change its provision for
 income taxes or deferred income tax balances when the ultimate
 deductibility of certain items is successfully challenged by taxing
 authorities, or if estimates used in determining the amount of
 deferred tax asset to recognize change significantly, or when
 receipt of new information indicates the need for adjustment in the
 amount of deferred income taxes to be recognized. Additionally,
 future events, such as changes in tax laws, tax regulations, or
 interpretations of such laws or regulations, could have an impact
 on the provision for income taxes, deferred tax balances and the
 effective tax rate. Any such changes could materially affect the
 amounts reported in the Consolidated Financial Statements in the
 period these changes occur.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(m)
 Foreign currency translation</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Items included in the financial
 statements of each of the Company&#x2019;s subsidiaries are measured
 by each subsidiary using the currency of the primary economic
 environment in which the entity operates (the &#x201C;functional
 currency&#x201D;).</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Transactions in a foreign currency
 are translated to the functional currency at the exchange rate
 prevailing at the date of the transaction. Assets and liabilities
 denominated in foreign currencies are translated to the functional
 currency at the exchange rate in effect at the reporting date.
 Revenue and expenses denominated in foreign currencies are
 translated at the average exchange rate prevailing during the
 quarter reported. Exchange gains and losses are recognized in
 income with the exception of translation of net investments in
 foreign operations and the results of hedging these
 positions.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">These foreign exchange gains and
 losses are recognized in OCI until such time that the foreign
 operation is disposed of or control or significant influence over
 it is lost.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(n)
 Stock-based compensation</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The Company provides stock-based
 compensation to certain employees and directors as described in
 note 15. Compensation expense of equity instruments is accrued
 based on the best estimate of the number of instruments expected to
 vest, with revisions made to that estimate if subsequent
 information indicates that actual forfeitures are likely to differ
 from initial estimates, unless forfeitures are due to market-based
 conditions.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Stock options are expensed with a
 corresponding increase in contributed surplus. Restricted share
 units and deferred share units are expensed with a corresponding
 liability accrued based on the market value of MFC&#x2019;s common
 shares at the end of each quarter. Performance share units are
 expensed with a corresponding liability accrued based on specific
 performance conditions and the market value of MFC&#x2019;s common
 shares at the end of each quarter. The change in the value of the
 awards resulting from changes in the market value of MFC&#x2019;s
 common shares or changes in the specific performance conditions and
 credited dividends is recognized in income, offset by the impact of
 total return swaps used to manage the variability of the related
 liability.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Stock-based compensation cost is
 recognized over the applicable vesting period, except if the
 employee is eligible to retire at the time of grant or will be
 eligible to retire during the vesting period. Compensation cost,
 attributable to stock options, restricted share units, and
 performance share units granted to employees who are eligible to
 retire on the grant date or who will become eligible to retire
 during the vesting period, is recognized at the grant date or over
 the period from the grant date to the date of retirement
 eligibility, respectively.</font></p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The Company&#x2019;s contributions
 to the Global Share Ownership Plan (&#x201C;GSOP&#x201D;) (refer to
 note 15(d)), are expensed as incurred. Under the GSOP, subject to
 certain conditions, the Company will match a percentage of an
 employee&#x2019;s eligible contributions to certain maximums. All
 contributions are used by the plan&#x2019;s trustee to purchase MFC
 common shares in the open market.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(o)
 Employee future benefits</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The Company maintains defined
 contribution and defined benefit pension plans and other
 post-employment plans for employees and agents including registered
 (tax qualified) pension plans that are typically funded as well as
 supplemental <font style="WHITE-SPACE: nowrap">non-registered</font> <font style="WHITE-SPACE: nowrap">(non-qualified)</font> pension plans for
 executives, retiree welfare plans and disability welfare plans that
 are typically not funded.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The Company&#x2019;s obligation in
 respect of defined benefit pension and other post-employment
 benefits is calculated for each plan as the estimated present value
 of future benefits that eligible employees have earned in return
 for their service up to the reporting date using the projected
 benefit method. The discount rate used is based on the yield, as at
 the reporting date, of high quality corporate debt securities that
 have approximately the same term as the obligations and that are
 denominated in the same currency in which the benefits are expected
 to be paid.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">To determine the Company&#x2019;s
 net defined benefit asset or liability, the fair value of plan
 assets is deducted from the defined benefit obligations. When this
 calculation results in a surplus, the asset that can be recognized
 is limited to the present value of future economic benefit
 available in the form of future refunds from the plan or reductions
 in future contributions to the plan (the asset limit). Defined
 benefit assets are included in other assets and defined benefit
 liabilities are included in other liabilities.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Changes in the net defined benefit
 asset or liability due to <font style="WHITE-SPACE: nowrap">re-measurement</font> of pension and retiree
 welfare plans are recorded in OCI in the period in which they occur
 and are not reclassified to income in subsequent periods. They
 consist of actuarial gains and losses, the impact of the asset
 limit, if any, and the return on plan assets, excluding amounts
 included in net interest income or expense. Changes in the net
 defined benefit asset or liability due to <font style="WHITE-SPACE: nowrap">re-measurement</font> of disability welfare
 plans are recorded in income in the period in which they
 occur.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The cost of defined benefit
 pension plans is recognized over the employee&#x2019;s years of
 service to retirement while the cost of retiree welfare plans is
 recognized over the employee&#x2019;s years of service to their date
 of full eligibility. The net benefit cost for the year is recorded
 in income and is calculated as the sum of the service cost in
 respect of the fiscal year, the net interest income or expense and
 any applicable administration expenses, plus past service costs or
 credits resulting from plan amendments or curtailments. The net
 interest income or expense is determined by applying the discount
 rate to the net defined benefit asset or liability. The current
 year cost of disability welfare plans is the year-over-year change
 in the defined benefit obligation, including any actuarial gains or
 losses.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The cost of defined contribution
 plans is the contribution provided by the Company and is recorded
 in income in the periods during which services are rendered by
 employees.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(p)
 Derivative and hedging instruments</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The Company uses derivative
 financial instruments (&#x201C;derivatives&#x201D;) including swaps,
 forward and futures agreements, and options to manage current and
 anticipated exposures to changes in interest rates, foreign
 exchange rates, commodity prices and equity market prices, and to
 replicate permissible investments. Derivatives embedded in other
 financial instruments (&#x201C;host instruments&#x201D;) are
 separately recorded as derivatives when their economic
 characteristics and risks are not closely related to those of the
 host instrument, the terms of the embedded derivative are the same
 as those of a standalone derivative and the host instrument itself
 is not recorded at FVTPL. Derivatives are recorded at fair value.
 Derivatives with unrealized gains are reported as derivative assets
 and derivatives with unrealized losses are reported as derivative
 liabilities.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">A determination is made for each
 derivative as to whether to apply hedge accounting. Where hedge
 accounting is not applied, changes in the fair value of derivatives
 are recorded in investment income. Refer to note 4(c).</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Where the Company has elected to
 apply hedge accounting, a hedging relationship is designated and
 documented at inception. Hedge effectiveness is evaluated at
 inception and throughout the term of the hedge and hedge accounting
 is only applied when the Company expects that the hedging
 relationship will be highly effective in achieving offsetting
 changes in fair value or changes in cash flows attributable to the
 risk being hedged. The assessment of hedge effectiveness is
 performed at the end of each reporting period both prospectively
 and retrospectively. When it is determined that a hedging
 relationship is no longer effective, or the hedging instrument or
 the hedged item has been sold or terminated, the Company
 discontinues hedge accounting prospectively. In such cases, if the
 derivatives are not sold or terminated, any subsequent changes in
 fair value of the derivatives are recognized in investment
 income.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">For derivatives that are
 designated as hedging instruments, changes in fair value are
 recognized according to the nature of the risks being hedged, as
 discussed below.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">In a fair value hedging
 relationship, changes in fair value of the hedging instruments are
 recorded in investment income, offsetting changes in fair value of
 the hedged items, which would otherwise not be carried at fair
 value. Hedge ineffectiveness is recognized in investment income and
 arises from differences between changes in the fair values of
 hedging instruments and hedged items. When hedge accounting is
 discontinued, the carrying value of the hedged item is no longer
 adjusted and the cumulative fair value adjustments are amortized to
 investment income over the remaining term of the hedged item unless
 the hedged item is sold, at which time the balance is recognized
 immediately in investment income.</font></p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">In a cash flow hedging
 relationship, the effective portion of the change in the fair value
 of the hedging instrument is recorded in OCI while the ineffective
 portion is recognized in investment income. Gains and losses in
 accumulated other comprehensive income (&#x201C;AOCI&#x201D;) are
 recognized in income during the same periods as the variability in
 the hedged cash flows or the hedged forecasted transactions are
 recognized in income. The reclassifications from accumulated other
 comprehensive income (&#x201C;AOCI&#x201D;) are made to investment
 income, with the exception of total return swaps that hedge
 restricted share units, which are reclassified to general
 expenses.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Gains and losses on cash flow
 hedges in AOCI are reclassified immediately to investment income
 when the hedged item is sold or the forecasted transaction is no
 longer expected to occur. When a hedge is discontinued, but the
 hedged forecasted transaction remains highly probable to occur, the
 amounts in AOCI are reclassified to investment income in the
 periods during which variability in the cash flows hedged or the
 hedged forecasted transaction is recognized in income.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">In a net investment in foreign
 operations hedging relationship, the gains and losses relating to
 the effective portion of the hedge are recorded in OCI. Gains and
 losses in AOCI are recognized in income during the periods when
 gains or losses on the underlying hedged net investment in foreign
 operations are recognized in income.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(q)
 Premium income and related expenses</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Gross premiums for all types of
 insurance contracts, and contracts with limited mortality or
 morbidity risk, are generally recognized as revenue when due.
 Premiums are reported gross of reinsurance ceded (refer to note 8).
 Revenue on service contracts is recognized as services are
 rendered.</font></p>
 </div><span></span>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6887818448">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Accounting and Reporting Changes<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
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<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory', window );">Accounting and Reporting Changes</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#2A517F"><b>Note
 2&#xA0;&#xA0;&#xA0;&#xA0;Accounting and Reporting
 Changes</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(a)
 Changes in accounting policy</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(I)
 Annual improvements to IFRS Standards 2014 &#x2013; 2016
 Cycle</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Effective January&#xA0;1, 2017,
 the Company adopted certain amendments issued within the Annual
 Improvements to IFRS Standards 2014-2016 Cycle, as issued by the
 IASB in December 2016. There are various minor amendments which are
 effective in 2017, with other amendments being effective
 January&#xA0;1, 2018. The currently effective amendments were
 applied retrospectively. Adoption of these amendments did not have
 a significant impact on the Company&#x2019;s Consolidated Financial
 Statements.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(II)
 Amendments to IAS 12 &#x201C;Income
 Taxes&#x201D;</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Effective January&#xA0;1, 2017,
 the Company adopted the amendments issued in January 2016 to IAS 12
 &#x201C;Income Taxes&#x201D;. These amendments were applied
 retrospectively. The amendments clarify recognition of deferred tax
 assets relating to unrealized losses on debt instruments measured
 at fair value. A deductible temporary difference arises when the
 carrying amount of the debt instrument measured at fair value is
 less than the cost for tax purposes, irrespective of whether the
 debt instrument is held for sale or held to maturity. The
 recognition of the deferred tax asset that arises from this
 deductible temporary difference is considered in combination with
 other deferred taxes applying local tax law restrictions where
 applicable. In addition, when estimating future taxable profits,
 consideration can be given to recovering more than the
 asset&#x2019;s carrying amount where probable. Adoption of these
 amendments did not have a significant impact on the Company&#x2019;s
 Consolidated Financial Statements.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(III)
 Amendments to IAS 7 &#x201C;Statement of Cash
 Flows&#x201D;</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Effective January&#xA0;1, 2017,
 the Company adopted the amendments issued in January 2016 to IAS 7
 &#x201C;Statement of Cash Flows&#x201D;. These amendments were
 applied prospectively. These amendments require companies to
 provide information about changes in their financing liabilities.
 Adoption of these amendments did not have a significant impact on
 the Company&#x2019;s Consolidated Financial Statements.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(b)
 Future accounting and reporting changes</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(I) IFRS
 15 &#x201C;Revenue from Contracts with
 Customers&#x201D;</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">IFRS 15 &#x201C;Revenue from
 Contracts with Customers&#x201D; was issued in May 2014, and
 replaces IAS 11 &#x201C;Construction Contracts&#x201D; IAS 18
 &#x201C;Revenue&#x201D; and several interpretations. Amendments to
 IFRS 15 were issued in April 2016. IFRS 15 as amended is effective
 for annual periods beginning on or after January&#xA0;1, 2018. The
 Company will adopt IFRS 15 effective January&#xA0;1, 2018, using
 the modified retrospective method with no restatement of
 comparative information.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">IFRS 15 clarifies revenue
 recognition principles, provides a robust framework for recognizing
 revenue and cash flows arising from contracts with customers and
 enhances qualitative and quantitative disclosure requirements. IFRS
 15 does not apply to insurance contracts, financial instruments and
 lease contracts.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The Company&#x2019;s service
 arrangements are generally satisfied over time, with revenue
 measured and collected from customers within a short term, as
 services are rendered.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Adoption of IFRS 15 is not
 expected to have a significant impact on the Company&#x2019;s
 Consolidated Financial Statements.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(II) IFRS
 Interpretation Committee (&#x201C;IFRIC&#x201D;) Interpretation 22
 &#x201C;Foreign Currency Transactions and Advance
 Consideration&#x201D;</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">IFRIC 22 &#x201C;Foreign Currency
 Transactions and Advance Consideration&#x201D; was issued in
 December 2016 and is effective for annual periods beginning on or
 after January&#xA0;1, 2018 and may be applied retrospectively or
 prospectively. IFRIC 22 addresses which foreign exchange rate to
 use to measure a foreign currency transaction when advance payments
 are made or received and <font style="WHITE-SPACE: nowrap">non-monetary</font> assets or liabilities are
 recognized prior to recognition of the underlying transaction.
 IFRIC 22 does not relate to goods or services accounted for at fair
 value or at the fair value of consideration paid or received at a
 date other than the date of initial recognition of the <font style="WHITE-SPACE: nowrap">non-monetary</font> asset or liability, or to
 income taxes, insurance contracts or reinsurance contracts. The
 foreign exchange rate on the day of the advance payment is used to
 measure the foreign currency transaction. If multiple advance
 payments are made or received, each payment is measured separately.
 The Company is assessing the impact of this standard. Adoption of
 IFRIC 22 is not expected to have a significant impact on the
 Company&#x2019;s Consolidated Financial Statements.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(III)
 Amendments to IFRS 2 &#x201C;Share-Based
 Payment&#x201D;</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Amendments to IFRS 2
 &#x201C;Share-Based Payment&#x201D; were issued in June 2016 and are
 effective for annual periods beginning on or after January&#xA0;1,
 2018, to be applied prospectively. The amendments clarify the
 effects of vesting and <font style="WHITE-SPACE: nowrap">non-vesting</font> conditions on the
 measurement of cash-settled share-based payments; provide guidance
 on the classification of share-based payment transactions with net
 settlement features for withholding tax obligations; and clarify
 accounting for modification to the terms and conditions of a
 share-based payment that changes the classification of the
 transaction from cash-settled to equity-settled. Adoption of these
 amendments is not expected to have a significant impact on the
 Company&#x2019;s Consolidated Financial Statements.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(IV) IFRS
 9 &#x201C;Financial Instruments&#x201D;</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">IFRS 9 &#x201C;Financial
 Instruments&#x201D; was issued in November 2009 and amended in
 October 2010, November 2013 and July 2014, and is effective for
 years beginning on or after January&#xA0;1, 2018, to be applied
 retrospectively, or on a modified retrospective basis.
 Additionally, the IASB issued amendments in October 2017 that are
 effective for annual periods beginning on or after
 January&#xA0;1,&#xA0;2019. The standard is intended to replace IAS
 39 &#x201C;Financial Instruments: Recognition and
 Measurement&#x201D;.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The project has been divided into
 three phases: classification and measurement, impairment of
 financial assets, and hedge accounting. IFRS 9&#x2019;s current
 classification and measurement methodology provides that financial
 assets are measured at either amortized cost or fair value on the
 basis of the entity&#x2019;s business model for managing the
 financial assets and the contractual cash flow characteristics of
 the financial assets. The classification and measurement for
 financial liabilities remains generally unchanged; however, for a
 financial liability designated as at fair value through profit or
 loss, revisions have been made in the accounting for changes in
 fair value attributable to changes in the credit risk of that
 liability. Gains or losses caused by changes in an entity&#x2019;s
 own credit risk on such liabilities are no longer recognized in
 profit or loss but instead are reflected in OCI.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Revisions to hedge accounting were
 issued in November 2013 as part of the overall IFRS 9 project. The
 amendment introduces a new hedge accounting model, together with
 corresponding disclosures about risk management activities for
 those applying hedge accounting. The new model represents a
 substantial overhaul of hedge accounting that will enable entities
 to better reflect their risk management activities in their
 financial statements.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Revisions issued in July 2014
 replace the existing incurred loss model used for measuring the
 allowance for credit losses with an expected credit loss model.
 Changes were also made to the existing classification and
 measurement model designed primarily to address specific
 application issues raised by early adopters of the standard. The
 revision also addresses the income statement accounting mismatches
 and short-term volatility issues which have been identified as a
 result of the insurance contracts project.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Revisions issued in October 2017
 allow financial assets to be measured at amortized cost or fair
 value through OCI even if the lender is required to pay a
 reasonable compensation in the event of an early termination of the
 contract by the borrower (also referred to as prepayment features
 with negative compensation).</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The Company expects to defer IFRS
 9 until January&#xA0;1, 2021 as allowed under the amendments to
 IFRS 4 &#x201C;Insurance Contracts&#x201D; outlined below. The
 Company is assessing the impact of this standard.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(V)
 Amendments to IFRS 4 &#x201C;Insurance
 Contracts&#x201D;</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Amendments to IFRS 4
 &#x201C;Insurance Contracts&#x201D; were issued in September 2016,
 which are effective for annual periods beginning on or after
 January&#xA0;1, 2018. The amendments introduce two approaches to
 address concerns about the differing effective dates of IFRS 9
 &#x201C;Financial Instruments&#x201D; and IFRS 17 &#x201C;Insurance
 Contracts&#x201D;: the overlay approach and the deferral approach.
 The overlay approach provides an option for all issuers of
 insurance contracts to adjust profit or loss for eligible financial
 assets by removing any additional accounting volatility that may
 arise from applying IFRS 9 before IFRS 17 is implemented. The
 deferral approach provides companies whose activities are
 predominantly related to insurance an optional temporary exemption
 from applying IFRS 9 until January&#xA0;1, 2021. The Company
 qualifies for the exemption and intends to defer IFRS 9 until
 January&#xA0;1, 2021.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(VI) IFRS
 17 &#x201C;Insurance Contracts&#x201D;</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">IFRS 17 was issued in May 2017 and
 is effective for years beginning on January&#xA0;1, 2021, and to be
 applied retrospectively. If full retrospective application to a
 group of contracts is impractical, the modified retrospective or
 fair value methods may be used. The standard will replace IFRS 4
 &#x201C;Insurance Contracts&#x201D; and will materially change the
 recognition and measurement of insurance contracts and the
 corresponding presentation and disclosures in the Company&#x2019;s
 Financial Statements and MD&amp;A. The Company is assessing the
 implications of this standard and expects that it will have a
 significant impact on the Company&#x2019;s Consolidated Financial
 Statements. In addition, in certain jurisdictions, including
 Canada, it could have a material effect on tax and regulatory
 capital positions that are dependent upon IFRS accounting
 values.</font></p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">For life insurance companies, such
 as Manulife, that have long-duration products and/or regulatory and
 tax regimes dependent upon IFRS accounting values, the Company
 believes that an effective date of January&#xA0;1, 2021 is
 aggressive. Therefore, while the Company&#x2019;s implementation
 project is well underway, the Company and others in the life
 insurance industry are encouraging the IASB to defer the effective
 date.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(VII)
 IFRS 16 &#x201C;Leases&#x201D;</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">IFRS 16 &#x201C;Leases&#x201D; was
 issued in January 2016 and is effective for years beginning on or
 after January&#xA0;1, 2019, to be applied retrospectively or on a
 modified retrospective basis. It will replace IAS 17
 &#x201C;Leases&#x201D; and IFRIC 4 &#x201C;Determining whether an
 arrangement contains a lease&#x201D;. IFRS 16 sets out the
 principles for the recognition, measurement, presentation and
 disclosure of leases for both parties to a contract, the customer
 (&#x201C;lessee&#x201D;) and the supplier (&#x201C;lessor&#x201D;). The
 standard brings most leases <font style="WHITE-SPACE: nowrap">on-balance</font> sheet for lessees under a
 single model, eliminating the previous classifications of operating
 and finance leases. Exemptions to this treatment are for lease
 contracts with low value assets or leases with duration of less
 than one year. The <font style="WHITE-SPACE: nowrap">on-balance</font> sheet treatment will result
 in the grossing up of the balance sheet due to <font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">right-of-use</font></font> assets being
 recognized with offsetting liabilities. Lessor accounting will
 remain largely unchanged with previous classifications of operating
 and finance leases being maintained. The Company is assessing the
 impact of this standard.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(VIII)
 IFRS Interpretation Committee (&#x201C;IFRIC&#x201D;) Interpretation
 23 &#x201C;Uncertainty over Income Tax
 Treatments&#x201D;</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">IFRIC 23 &#x201C;Uncertainty over
 Income Tax Treatments&#x201D; was issued in June 2017 and is
 effective for years beginning on or after
 January&#xA0;1,&#xA0;2019, to be applied retrospectively. IFRIC 23
 provides guidance on applying the recognition and measurement
 requirements in IAS 12 when there is uncertainty over income tax
 treatments including whether uncertain tax treatments should be
 considered together or separately based on which approach better
 predicts resolution of the uncertainty. Adoption of IFRIC 23 is not
 expected to have a significant impact on the Company&#x2019;s
 Consolidated Financial Statements.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(IX)
 Amendments to IAS 28 &#x201C;Investments in Associates and Joint
 Ventures&#x201D;</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Amendments to IAS 28
 &#x201C;Investments in Associates and Joint Ventures&#x201D; were
 issued in October 2017 and are effective for annual periods
 beginning on or after January&#xA0;1, 2019, to be applied
 retrospectively. The amendments clarify that an entity applies IFRS
 9 &#x201C;Financial Instruments&#x201D; to financial interests in an
 associate or joint venture to which the equity method is not
 applied. IAS 39 is being applied to these interests until IFRS 9 is
 adopted in 2021. Adoption of these amendments is not expected to
 have a significant impact on the Company&#x2019;s Consolidated
 Financial Statements.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(X)
 Annual Improvements 2015 &#x2013; 2017 Cycle</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Annual Improvements
 2015&#xA0;&#x2013;&#xA0;2017 Cycle was issued in December 2017 and
 is effective for years beginning on or after
 January&#xA0;1,&#xA0;2019. The IASB issued three minor amendments
 to different standards as part of the Annual Improvements process,
 with the amendments to be applied prospectively. Adoption of these
 amendments is not expected to have significant impact on the
 Company&#x2019;s Consolidated Financial Statements.</font></p>
 </div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for changes in accounting policies, accounting estimates and errors.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Section Accounting policies<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=8&amp;date=2017-03-01&amp;anchor=sect_Accountingpolicies&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6909071008">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Acquisition and Distribution Agreements<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="text">&#160;<span></span>
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<td class="text"><div>
 <p style="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#2A517F"><b>Note
 3&#xA0;&#xA0;&#xA0;&#xA0;Acquisition and Distribution
 Agreements</b></font></font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>(a)
 Mandatory Provident Fund business of Standard
 Chartered</b></font></font></p>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">On November&#xA0;1, 2016, the
 <i>C</i>ompany completed its acquisition of Standard
 <i>C</i>hartered&#x2019;s Mandatory Provident Fund
 (&#x201C;MPF&#x201D;) and Occupational Retirement Schemes Ordinance
 (&#x201C;ORSO&#x201D;) businesses in Hong Kong, and the related
 investment management entity. In addition, on November&#xA0;1,
 2016, the <i>C</i>ompany commenced its <font style="white-space:nowrap">15-year</font> exclusive distribution
 partnership with Standard <i>C</i>hartered. These arrangements
 significantly expand Manulife&#x2019;s retirement business in Hong
 Kong. Total consideration of $392 was paid in cash.</font></p>
 <p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>(b)
 Distribution agreement with DBS Bank Ltd
 (&#x201C;DBS&#x201D;)</b></font></font></p>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Effective January&#xA0;1, 2016, the
 <i>C</i>ompany entered into a <font style="white-space:nowrap">15-year</font> regional distribution agreement
 with DBS covering Singapore, Hong&#xA0;Kong, mainland <i>C</i>hina
 and Indonesia. The arrangement expands the <i>C</i>ompany&#x2019;s
 strategy for growth in Asia. The <i>C</i>ompany recognized $536 of
 distribution network intangible assets on the agreement&#x2019;s
 effective date.</font></p>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of acquisitions and distribution agreement explanatory.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6887818448">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Invested Assets and Investment Income<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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 <font color="#2A517F"><b>Note 4&#xA0;&#xA0;&#xA0;&#xA0; Invested
 Assets and Investment Income</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(a) Carrying values and fair values of
 invested assets</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="56%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 FVTPL<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">AFS<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Other<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Total&#xA0;carrying<br />
 value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Total
 fair<br />
 value<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(9)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Cash and short-term securities<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>439</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>11,429</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,097</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>15,965</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>15,965</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Debt securities<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(5)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Canadian government and agency</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>17,886</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,892</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>22,778</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>22,778</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 U.S. government and agency</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,497</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>13,472</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>25,969</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>25,969</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other government and agency</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16,838</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,988</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>19,826</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>19,826</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Corporate</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>96,785</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,366</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>102,151</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>102,151</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Mortgage/asset-backed securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,018</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>258</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,276</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,276</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Public equities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>18,473</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,072</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>21,545</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>21,545</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Mortgages</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>44,742</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>44,742</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>46,065</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Private placements</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>32,132</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>32,132</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>34,581</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Policy loans</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,808</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,808</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,808</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Loans to Bank clients</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,737</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,737</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,742</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Real estate</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Own use property<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(6)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,281</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,281</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,448</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Investment property</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,529</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,529</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,529</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other invested assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Alternative long-duration assets<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(7)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,018</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>88</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>8,624</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>20,730</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>21,053</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Various other<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">&#xA0;(8)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>142</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,611</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,753</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,752</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total invested assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;178,096</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;41,565</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;114,561</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;334,222</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;339,488</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">FVTPL<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">AFS<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">Other<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;<br /></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">Total&#xA0;carrying<br />
 value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;<br />
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;<br /></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">Total fair<br />
 value<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(9)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;<br />
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Cash and short-term securities<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">269</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">11,705</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">3,177</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">15,151</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">15,151</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Debt securities<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Canadian government and agency</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18,030</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,715</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">24,745</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">24,745</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 U.S. government and agency</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,971</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,333</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">27,304</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">27,304</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other government and agency</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18,629</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,312</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">20,941</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">20,941</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Corporate</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">87,374</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,041</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">92,415</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">92,415</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Mortgage/asset-backed securities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,886</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">331</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,217</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,217</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Public equities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">16,531</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,965</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">19,496</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">19,496</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Mortgages</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">44,193</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">44,193</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">45,665</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Private placements</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">29,729</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">29,729</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">31,459</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Policy loans</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,041</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,041</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,041</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Loans to Bank clients</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,745</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,745</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,746</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Real estate</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Own use property<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(6)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,376</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,376</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,524</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Investment property</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12,756</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12,756</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12,756</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other invested assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Alternative long-duration assets<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(7)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10,707</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">96</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">8,048</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18,851</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">19,193</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Various other<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">&#xA0;(8)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">164</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">3,745</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">3,909</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">3,910</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total invested assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">168,561</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">42,498</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">110,810</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">321,869</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">326,563</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">The FVTPL classification was elected
 for securities backing insurance contract liabilities to
 substantially reduce any accounting mismatch arising from changes
 in the fair value of these assets and changes in the value of the
 related insurance contract liabilities. If this election had not
 been made and instead the&#xA0;<font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">available-for-sale</font></font>&#xA0;(&#x201C;AFS&#x201D;)
 classification was selected, there would be an accounting mismatch
 because changes in insurance contract liabilities are recognized in
 net income rather than in OCI.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">Securities that are designated as AFS
 are not actively traded by the Company but sales do occur as
 circumstances warrant. Such sales result in a reclassification of
 any accumulated unrealized gain (loss) in AOCI to net income as a
 realized gain (loss).</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">Primarily includes assets classified
 as loans and carried at amortized cost, own use properties,
 investment properties, equity method accounted investments, oil and
 gas investments, and leveraged leases. Refer to note 1(e) for
 further details regarding accounting policy.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(4)</sup></td>
 <td valign="top" align="left">Includes short-term securities with
 maturities of less than one year at acquisition amounting to $2,737
 (2016 &#x2013; $3,111), cash equivalents with maturities of less
 than 90 days at acquisition amounting to $9,131 (2016 &#x2013;
 $8,863) and cash of $4,097 (2016 &#x2013; $3,177).</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(5)</sup></td>
 <td valign="top" align="left">Debt securities include securities
 which were acquired with maturities of less than one year and less
 than 90 days of $1,768 and $161, respectively (2016 &#x2013; $893
 and $192, respectively).</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(6)</sup></td>
 <td valign="top" align="left">Includes accumulated depreciation of
 $389 (2016 &#x2013; $404).</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(7)</sup></td>
 <td valign="top" align="left">Alternative long-duration assets
 (&#x201C;ALDA&#x201D;) include investments in private equity of
 $4,959, power and infrastructure of $7,355, oil and gas of $2,813,
 timber and agriculture of $5,033 and various other invested assets
 of $570 (2016 &#x2013; $4,619, $6,679, $2,093, $4,972 and $488,
 respectively).</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(8)</sup></td>
 <td valign="top" align="left">Includes $3,273 (2016 &#x2013; $3,369)
 of leveraged leases. Refer to note 1(e) regarding accounting
 policy.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(9)</sup></td>
 <td valign="top" align="left">The methodologies used in determining
 fair values of invested assets are described in note 1 and note
 4(g).</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(b) Equity method accounted invested
 assets</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Other invested assets include investments in associates and joint
 ventures which are accounted for using the equity method of
 accounting as follows.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="66%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="8"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="8"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Carrying<br />
 value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">% of total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Carrying<br />
 value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">% of total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Leveraged leases</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;3,273</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>56</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;3,369</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">58</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Timber and agriculture</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>451</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>8</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">430</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">8</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Real estate</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>498</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>9</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">419</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">7</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,535</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>27</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,562</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">27</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>5,757</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>100</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">5,780</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">100</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company&#x2019;s share of profit and dividends from these
 investments for the year ended December&#xA0;31, 2017 were $291 and
 $14, respectively (2016&#xA0;&#x2013;&#xA0;$252 and $17,
 respectively).</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(c) Investment income</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="58%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">FVTPL</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">AFS</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Other<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Yields<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Cash and short-term securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>0.9%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>7</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>153</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>160</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains (losses)<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>22</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(47</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(25</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Debt securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5.4%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;5,102</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>577</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,679</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains (losses)<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,690</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(205</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,485</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Recovery (impairment loss), net</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>16</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>15</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Public equities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16.6%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Dividend income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>524</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>79</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>603</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,372</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>226</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,598</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impairment loss</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(14</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(14</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Mortgages</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3.9%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,685</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,685</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>69</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>69</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Provision, net</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(32</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(32</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Private placements</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5.3%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,553</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,553</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>43</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>43</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impairment loss, net</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>10</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>10</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Policy loans</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>365</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>365</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6.1%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Loans to Bank clients</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4.0%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>68</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>68</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Real estate</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6.2%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Rental income, net of depreciation<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>517</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>517</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>341</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>341</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impairment loss</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(4</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(4</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Derivatives</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>n/a</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income, net</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>809</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>84</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>893</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains (losses)<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,029</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>84</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(945</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other invested assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>10.3%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>174</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>174</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Oil and gas, timber, agriculture and other income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,690</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,690</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains (losses)<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>441</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(7</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>50</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>484</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impairment loss, net</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(45</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(45</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total investment income</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;11,954</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>761</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6,652</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>19,367</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6.0%</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Investment income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,918</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>730</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,929</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>10,577</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3.3%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Dividend, rental and other income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>524</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>79</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,207</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,810</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>0.9%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impairments, provisions and recoveries, net</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>16</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(15</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(71</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(70</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>0.0%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>460</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(51</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(77</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>332</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>0.1%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6,918</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>743</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>5,988</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>13,649</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Realized and unrealized gains (losses) on assets supporting
 insurance and investment contract liabilities and on macro equity
 hedges</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Debt securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,694</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(8</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,686</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1.1%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Public equities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,200</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>35</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,235</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>0.7%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Mortgages</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>69</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>69</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>0.0%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Private placements</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>40</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>40</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>0.0%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Real estate</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>350</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>350</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>0.1%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other invested assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>329</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(9</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>121</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>441</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>0.1%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Derivatives, including macro equity hedging program</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,187</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>84</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,103</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(0.3%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>5,036</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>18</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>664</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>5,718</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total investment income</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>11,954</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;761</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;6,652</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;19,367</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6.0%</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="57%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">FVTPL</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">AFS</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Other<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Yields<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Cash and short-term securities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">0.7%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">7</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">117</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">124</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains (losses)<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(18</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Debt securities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.7%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,051</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">588</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,639</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,658</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">548</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,206</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Recovery (impairment loss), net</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(18</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(18</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Public equities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10.6%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Dividend income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">534</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">58</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">592</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,008</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">201</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,209</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impairment loss</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(48</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(48</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Mortgages</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.1%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,667</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,667</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains (losses)<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">81</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">81</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Provision, net</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(7</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(7</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Private placements</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5.4%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,494</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,494</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">17</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">17</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impairment loss, net</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(50</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(50</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Policy loans</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">358</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">358</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6.1%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Loans to Bank clients</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3.9%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">68</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">68</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Real estate</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.9%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Rental income, net of depreciation<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">523</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">523</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">160</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">160</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Derivatives</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">n/a</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income, net</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,115</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(33</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,082</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Losses<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2,597</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2,597</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other invested assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10.3%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">103</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">103</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Oil and gas, timber, agriculture and other income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,162</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,162</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">634</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">207</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">842</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impairment loss, net</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(83</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(83</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total investment income</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">7,410</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">1,447</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">5,667</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">14,524</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">4.7%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Investment income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">6,173</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">703</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">3,657</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">10,533</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3.4%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Dividend, rental and other income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">534</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">58</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,685</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,277</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">0.7%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impairments and provisions</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(18</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(48</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(140</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(206</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(0.1%</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(6</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">707</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">85</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">786</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">0.2%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">6,683</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,420</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">5,287</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">13,390</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Realized and unrealized gains (losses) on assets supporting
 insurance and investment contract liabilities and on macro equity
 hedges</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Debt securities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,657</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,662</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">0.5%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Public equities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">963</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">22</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">985</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">0.3%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Mortgages</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">80</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">80</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">0.0%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Private placements</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">0.0%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Real estate</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">128</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">128</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">0.0%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other invested assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">688</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">160</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">848</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">0.3%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Derivatives, including macro equity hedging program</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(2,581</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(2,581</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(0.8%</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">727</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">27</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">380</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,134</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total investment income</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">7,410</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">1,447</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">5,667</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">14,524</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">4.7%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Primarily includes loans carried at
 amortized cost, own use properties, investment properties,
 derivative and hedging instruments in cash flow hedging
 relationships, equity method accounted investments, oil and gas
 investments, and leveraged leases.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">Yields are based on income and are
 calculated using the geometric average of the carrying value of
 assets held during the reporting year.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">Includes net realized gains (losses)
 as well as net unrealized gains (losses) for financial instruments
 at FVTPL, real estate investment properties, and other invested
 assets measured at fair value. Also includes net realized gains
 (losses) for financial instruments at AFS and other invested assets
 carried at amortized cost.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(4)</sup></td>
 <td valign="top" align="left">Rental income from investment
 properties is net of direct operating expenses.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(d) Investment expenses</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents the Company&#x2019;s total investment
 expenses.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="83%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Related to invested assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>625</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">581</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Related to segregated, mutual and other funds</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,048</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,065</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total investment expenses</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;1,673</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;&#xA0;1,646</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(e) Investment properties</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents rental income and direct operating
 expenses of investment properties.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="83%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Rental income from investment properties</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;1,120</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;&#xA0;1,204</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Direct operating expenses of investment properties that generated
 rental income</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(694</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(764</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>426</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">440</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(f) Mortgage securitization</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company securitizes certain insured and uninsured fixed and
 variable rate residential mortgages and Home Equity Lines of Credit
 (&#x201C;HELOC&#x201D;) through creation of mortgage-backed
 securities under the Canadian Mortgage Bond Program
 (&#x201C;CMB&#x201D;), and the HELOC securitization program.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Benefits received from the securitization include interest spread
 between the asset and associated liability. There are no expected
 credit losses on securitized mortgages under the Canada Mortgage
 and Housing Corporation (&#x201C;CMHC&#x201D;) sponsored CMB and the
 Platinum Canadian Mortgage Trust (&#x201C;PCMT&#x201D;) HELOC
 securitization programs as they are insured by CMHC and other
 third-party insurance programs against borrowers&#x2019; default.
 Mortgages securitized in the Platinum Canadian Mortgage Trust II
 (&#x201C;PCMT II&#x201D;) program are uninsured.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Cash flows received from the underlying securitized
 assets/mortgages are used to settle the related secured borrowing
 liability. For CMB transactions, receipts of principal are
 deposited into a trust account for settlement of the liability at
 time of maturity. These transferred assets and related cash flows
 cannot be transferred or used for other purposes. For the HELOC
 transactions, investors are entitled to periodic interest payments,
 and the remaining cash receipts of principal are allocated to the
 Company (the &#x201C;Seller&#x201D;) during the revolving period of
 the deal and are accumulated for settlement during an accumulation
 period, or repaid to the investor monthly during a reduction
 period, based on the terms of the note.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents the carrying amount of securitized
 assets and secured borrowing liabilities.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="56%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td valign="bottom" width="8%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom"><font color="#1F320C"><b>As at
 December&#xA0;31, 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10" align="center">Securitized
 assets</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 Securitization program</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Securitized<br />
 mortgages</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Restricted cash and<br />
 short-term securities</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Secured
 borrowing<br />
 liabilities<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 HELOC securitization<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,024</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>8</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,032</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,000</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 CMB securitization</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,480</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,480</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,523</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,504</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>8</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,512</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,523</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="12"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom" nowrap="nowrap"><font color="#1F320C"><b>As at
 December&#xA0;31, 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="10" align="center">Securitized assets</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 Securitization program</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Securitized<br />
 mortgages</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Restricted cash and<br />
 short-term securities</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Secured borrowing<br />
 liabilities<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 HELOC securitization<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;1,762</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;8</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;1,770</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;1,750</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 CMB securitization</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,018</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,018</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,032</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">2,780</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">8</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">2,788</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">2,782</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Manulife Bank, a MFC subsidiary,
 securitizes a portion of its HELOC receivables through Platinum
 Canadian Mortgage Trust (&#x201C;PCMT&#x201D;), and Platinum Canadian
 Mortgage Trust II (&#x201C;PCMT II&#x201D;). PCMT funds the purchase
 of the&#xA0;<font style="WHITE-SPACE: nowrap">co-ownership</font>&#xA0;interests
 from Manulife Bank by issuing term notes collateralized by an
 underlying pool of CMHC insured HELOCs to institutional investors.
 PCMT II funds the purchase of the&#xA0;<font style="WHITE-SPACE: nowrap">co-ownership</font>&#xA0;interests
 from Manulife Bank by issuing term notes collateralized by an
 underlying pool of uninsured HELOCs to institutional investors. The
 restricted cash balance for the HELOC securitization reflects a
 cash reserve fund established in relation to the transactions. The
 reserve will be drawn upon only in the event of insufficient cash
 flows from the underlying HELOCs to satisfy the secured borrowing
 liability.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">Secured borrowing liabilities
 primarily comprise of Series&#xA0;<font style="WHITE-SPACE: nowrap">2011-1</font>&#xA0;notes with a
 floating rate which are expected to mature on December&#xA0;15,
 2021, and the Series&#xA0;<font style="WHITE-SPACE: nowrap">2016-1</font>&#xA0;notes with a
 floating rate which are expected to mature on May&#xA0;15, 2022.
 Manulife Bank also securitizes insured amortizing mortgages under
 the National Housing Act Mortgage-Backed Securities (&#x201C;NHA
 MBS&#x201D;) program sponsored by CMHC. Manulife Bank participates
 in CMB programs by selling NHA MBS securities to Canada Housing
 Trust (&#x201C;CHT&#x201D;), as a source of fixed rate funding.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Fair value of the securitized assets as at December&#xA0;31, 2017
 was $3,533 (2016&#xA0;&#x2013;&#xA0;$2,821) and the fair value of
 the associated liabilities was $3,503
 (2016&#xA0;&#x2013;&#xA0;$2,776).</p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(g) Fair value measurement</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents fair values and the fair value
 hierarchy of invested assets and segregated funds net assets
 measured at fair value in the Consolidated Statements of Financial
 Position.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="61%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Total
 fair<br />
 value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Level&#xA0;1</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Level&#xA0;2</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Level&#xA0;3</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Cash and short-term securities</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 FVTPL</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>439</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>439</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 AFS</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>11,429</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>11,429</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,097</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,097</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Debt securities</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2.25em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 <b>FVTPL</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Canadian government and agency</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>17,886</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>17,886</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 U.S. government and agency</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,497</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,497</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other government and agency</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16,838</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16,599</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>239</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Corporate</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>96,785</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>96,073</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>710</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Residential mortgage/asset-backed securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>8</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>7</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Commercial mortgage/asset-backed securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,099</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,099</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other securitized assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,911</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,886</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>25</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2.25em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 <b>AFS</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Canadian government and agency</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,892</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,892</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 U.S. government and agency</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>13,472</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>13,472</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other government and agency</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,988</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,941</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>47</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Corporate</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,366</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,278</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>88</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Residential mortgage/asset-backed securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>37</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>37</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Commercial mortgage/asset-backed securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>138</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>138</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other securitized assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>83</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>82</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Public equities</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 FVTPL</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>18,473</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>18,470</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 AFS</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,072</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,069</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Real estate&#xA0;&#x2013;&#xA0;investment property<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,529</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,529</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Other invested assets<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(2)</sup></b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16,203</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16,203</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Segregated funds net assets<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>324,307</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>286,490</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>33,562</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,255</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;564,549</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;312,128</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;218,320</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;34,101</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Total fair<br />
 value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Level&#xA0;1</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Level&#xA0;2</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Level&#xA0;3</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Cash and short-term securities</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 FVTPL</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">269</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">269</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 AFS</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">11,705</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">11,705</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,177</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,177</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Debt securities</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2.25em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 <b>FVTPL</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Canadian government and agency</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18,030</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18,030</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 U.S. government and agency</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,971</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,971</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other government and agency</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18,629</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18,357</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">272</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Corporate</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">87,374</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">86,721</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">651</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Residential mortgage/asset-backed securities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">8</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Commercial mortgage/asset-backed securities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">680</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">674</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other securitized assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,196</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,161</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">35</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2.25em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 <b>AFS</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Canadian government and agency</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,715</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,715</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 U.S. government and agency</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,333</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,333</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other government and agency</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,312</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,261</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">51</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Corporate</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,041</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,967</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">74</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Residential mortgage/asset-backed securities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">65</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">64</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Commercial mortgage/asset-backed securities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">123</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">121</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other securitized assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">143</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">141</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Public equities</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 FVTPL</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">16,531</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">16,524</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">7</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 AFS</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,965</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,963</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Real estate&#xA0;&#x2013;&#xA0;investment property</b><sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12,756</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12,756</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Other invested assets</b><sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(2)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">14,849</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">14,849</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Segregated funds net assets</b><sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">315,177</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">278,066</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">32,537</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">4,574</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">546,051</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">300,732</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">212,037</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">33,282</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">For investment properties, the
 significant unobservable inputs are capitalization rates (ranging
 from 3.50% to 9.00% during the year and ranging from 3.75% to 9.75%
 during the year 2016) and terminal capitalization rates (ranging
 from 4.0% to 9.25% during the year and ranging from 4.1% to 10.0%
 during the year 2016). Holding other factors constant, a lower
 capitalization or terminal capitalization rate will tend to
 increase the fair value of an investment property. Changes in fair
 value based on variations in unobservable inputs generally cannot
 be extrapolated because the relationship between the directional
 changes of each input is not usually linear.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">Other invested assets measured at
 fair value are held primarily in power and infrastructure and
 timber sectors. The significant inputs used in the valuation of the
 Company&#x2019;s power and infrastructure investments are primarily
 future distributable cash flows, terminal values and discount
 rates. Holding other factors constant, an increase to future
 distributable cash flows or terminal values would tend to increase
 the fair value of a power and infrastructure investment, while an
 increase in the discount rate would have the opposite effect.
 Discount rates during the year ranged from 9.20% to 16.5% (2016
 &#x2013; ranged from 9.63% to 16.0%). Disclosure of distributable
 cash flow and terminal value ranges are not meaningful given the
 disparity in estimates by project. The significant inputs used in
 the valuation of the Company&#x2019;s investments in timberland are
 timber prices and discount rates. Holding other factors constant,
 an increase to timber prices would tend to increase the fair value
 of a timberland investment, while an increase in the discount rates
 would have the opposite effect. Discount rates during the year
 ranged from 5.0% to 7.5% (2016 &#x2013; ranged from 5.0% to 7.5%). A
 range of prices for timber is not meaningful as the market price
 depends on factors such as property location and proximity to
 markets and export yards.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">Segregated funds net assets are
 measured at fair value. The Company&#x2019;s Level&#xA0;3 segregated
 funds assets are predominantly invested in timberland properties
 valued as described above.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 For invested assets not measured at fair value in the Consolidated
 Statements of Financial Position, the following table presents
 their fair values categorized by the fair value hierarchy.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="59%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Carrying<br />
 value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Fair value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Level&#xA0;1</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Level&#xA0;2</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Level&#xA0;3</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Mortgages<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>44,742</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>46,065</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>46,065</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Private placements<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(2)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>32,132</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>34,581</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>28,514</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,067</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Policy loans<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,808</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,808</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,808</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Loans to Bank clients<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,737</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,742</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,742</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Real estate&#xA0;&#x2013;&#xA0;own use property<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(5)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,281</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,448</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,448</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other invested assets<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(6)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>8,280</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>8,602</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>88</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>8,514</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total invested assets disclosed at fair value</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;93,980</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;99,246</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>88</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;36,064</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;63,094</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;<br /></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">Carrying<br />
 value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;<br />
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">Fair value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">Level&#xA0;1</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">Level&#xA0;2</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">Level&#xA0;3</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Mortgages<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">44,193</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">45,665</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">45,665</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Private placements<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(2)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">29,729</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">31,459</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">26,073</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,386</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Policy loans<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,041</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,041</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,041</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Loans to Bank clients<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,745</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,746</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,746</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Real estate&#xA0;&#x2013;&#xA0;own use property<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,376</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,524</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,524</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other invested assets<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(6)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">7,911</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">8,254</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">54</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">8,200</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total invested assets disclosed at fair value</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">90,995</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">95,689</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">54</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">33,860</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">61,775</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Fair value of commercial mortgages is
 determined through an internal valuation methodology using both
 observable and unobservable inputs. Unobservable inputs include
 credit assumptions and liquidity spread adjustments. Fair value of
 fixed-rate residential mortgages is determined using the discounted
 cash flow method. Inputs used for valuation are primarily comprised
 of prevailing interest rates and prepayment rates, if applicable.
 Fair value of variable-rate residential mortgages is assumed to be
 their carrying value.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">Fair value of private placements is
 determined through an internal valuation methodology using both
 observable and unobservable inputs. Unobservable inputs include
 credit assumptions and liquidity spread adjustments. Private
 placements are classified within Level&#xA0;2 unless the liquidity
 adjustment constitutes a significant price impact, in which case
 the securities are classified as Level&#xA0;3.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">Fair value of policy loans is equal
 to their unpaid principal balances.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(4)</sup></td>
 <td valign="top" align="left">Fair value of fixed-rate loans to
 Bank clients is determined using the discounted cash flow method.
 Inputs used for valuation are primarily comprised of current
 interest rates. Fair value of variable-rate loans is assumed to be
 their carrying value.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(5)</sup></td>
 <td valign="top" align="left">Fair value of own use real estate and
 the fair value hierarchy are determined in accordance with the
 methodologies described for real estate &#x2013; investment property
 in note&#xA0;1.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(6)</sup></td>
 <td valign="top" align="left">Primarily include leveraged leases,
 oil and gas properties and equity method accounted other invested
 assets. Fair value of leveraged leases is disclosed at their
 carrying values as fair value is not routinely calculated on these
 investments. Fair value for oil and gas properties is determined
 using external appraisals based on discounted cash flow
 methodology. Inputs used in valuation are primarily comprised of
 forecasted price curves, planned production, as well as capital
 expenditures, and operating costs. Fair value of equity method
 accounted other invested assets is determined using a variety of
 valuation techniques including discounted cash flows and market
 comparable approaches. Inputs vary based on the specific
 investment.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Transfers between Level&#xA0;1 and
 Level&#xA0;2</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company records transfers of assets and liabilities between
 Level&#xA0;1 and Level&#xA0;2 at their fair values as at the end of
 each reporting period. Assets are transferred out of Level&#xA0;1
 when they are no longer transacted with sufficient frequency and
 volume in an active market. During the year ended December&#xA0;31,
 2017, the Company transferred $nil (2016&#xA0;&#x2013;&#xA0;$nil) of
 assets measured at fair value from Level&#xA0;1 to Level&#xA0;2.
 Conversely, assets are transferred from Level&#xA0;2 to
 Level&#xA0;1 when transaction volume and frequency are indicative
 of an active market. The Company transferred $nil
 (2016&#xA0;&#x2013;&#xA0;$nil) of assets from Level&#xA0;2 to
 Level&#xA0;1 during the year ended December&#xA0;31,&#xA0;2017.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 For segregated funds net assets, the Company had $nil transfers
 from Level&#xA0;1 to Level&#xA0;2 for the year ended
 December&#xA0;31, 2017 (2016&#xA0;&#x2013;&#xA0;$8). The Company had
 $5 transfers from Level&#xA0;2 to Level&#xA0;1 for the year ended
 December&#xA0;31, 2017 (2016&#xA0;&#x2013;&#xA0;$nil).</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Invested assets and segregated funds net
 assets measured at fair value using significant unobservable inputs
 (Level 3)</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company classifies fair values of the invested assets and
 segregated funds net assets as Level&#xA0;3 if there are no
 observable markets for these assets or, in the absence of active
 markets, the majority of the inputs used to determine fair value
 are based on the Company&#x2019;s own assumptions about market
 participant assumptions. The Company prioritizes the use of
 market-based inputs over entity-based assumptions in determining
 Level&#xA0;3 fair values and, therefore, the gains and losses in
 the tables below include changes in fair value due to both
 observable and unobservable factors.</p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents a roll forward of invested assets and
 segregated funds net assets measured at fair value using
 significant unobservable inputs (Level 3) for the years ended
 December&#xA0;31, 2017 and 2016.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="36%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended<br />
 December&#xA0;31, 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Balance,<br />
 January&#xA0;1,<br />
 2017</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Net<br />
 realized/<br />
 unrealized<br />
 gains<br />
 (losses)<br />
 included<br />
 in net<br />
 income<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Net<br />
 realized/<br />
 unrealized<br />
 gains<br />
 (losses)<br />
 included<br />
 in AOCI<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Purchases</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Sales<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Settlements</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Transfer</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">into</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Level&#xA0;3<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Transfer</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">out of</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Level&#xA0;3<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Currency<br />
 movement</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>Balance,<br />
 December&#xA0;31,<br />
 2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Change in<br />
 unrealized<br />
 gains<br />
 (losses) on<br />
 assets still<br />
 held</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Debt securities</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>FVTPL</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other government&#xA0;&amp; agency</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>272</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#xA0;&#xA0;&#xA0;&#xA0;&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>26</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(58</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(6</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>8</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>239</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Corporate</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>651</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>19</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>105</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(34</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(29</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>24</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(21</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(5</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>710</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>10</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Residential mortgage/asset-backed securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Commercial mortgage/asset-backed securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>6</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(5</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other securitized assets</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>35</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(7</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>25</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>966</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>15</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>131</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(97</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(43</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>24</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(21</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>975</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>5</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>AFS</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other government&#xA0;&amp; agency</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>51</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>14</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(15</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>47</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Corporate</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>74</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>4</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>22</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(10</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(4</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>88</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Residential mortgage/asset-backed securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Commercial mortgage/asset-backed securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other securitized assets</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>130</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>36</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(26</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(8</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>136</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Public equities</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 FVTPL</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>7</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(4</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>7</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(4</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Real estate&#xA0;&#x2013; investment property</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,756</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>301</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,257</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,267</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(518</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,529</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>264</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Other invested assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>14,849</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>395</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,022</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(435</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(837</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(791</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>16,203</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>244</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>27,605</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>696</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,279</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,702</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(837</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,309</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>28,732</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>508</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Segregated funds net assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,574</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>60</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>261</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(248</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(54</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(184</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(154</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,255</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>45</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;33,282</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;770</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;4,707</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(2,077</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(942</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;25</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(205</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(1,460</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;34,101</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;558</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="42%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 </tr>
 <tr style="FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Balance,<br />
 January&#xA0;1,<br />
 2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Net<br />
 realized/<br />
 unrealized<br />
 gains<br />
 (losses)<br />
 included<br />
 in net<br />
 income<sup style="FONT-SIZE: 6px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Net<br />
 realized/<br />
 unrealized<br />
 gains<br />
 (losses)<br />
 included<br />
 in AOCI<sup style="FONT-SIZE: 6px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Purchases</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Sales<sup style="FONT-SIZE: 6px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Settlements</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Transfer</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">into</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Level&#xA0;3<sup style="FONT-SIZE: 6px; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Transfer</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">out of</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Level&#xA0;3<sup style="FONT-SIZE: 6px; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Currency<br />
 movement</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Balance,<br />
 December&#xA0;31,<br />
 2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Change in<br />
 unrealized<br />
 gains<br />
 (losses) on<br />
 assets still<br />
 held</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Debt securities</b></p>
 </td>
 <td valign="bottom">&#xA0;</td>
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>FVTPL</b></p>
 </td>
 <td valign="bottom">&#xA0;</td>
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 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other government&#xA0;&amp; agency</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">310</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">3</td>
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 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td valign="bottom">$</td>
 <td valign="bottom" align="right">50</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(41</td>
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 <td valign="bottom" align="right">(30</td>
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 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(20</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
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 <td valign="bottom">$</td>
 <td valign="bottom" align="right">272</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td valign="bottom">$</td>
 <td valign="bottom" align="right">1</td>
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 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Corporate</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">903</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td valign="bottom" align="right">(29</td>
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 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">83</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(84</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
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 <td valign="bottom" align="right">(134</td>
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 <td valign="bottom">&#xA0;</td>
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 <td valign="bottom" align="right">58</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(124</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
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 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(22</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">651</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(4</td>
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 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Residential mortgage/asset-backed securities</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">15</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(11</td>
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 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td valign="bottom" align="right">(1</td>
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 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
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 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Commercial mortgage/asset-backed securities</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">70</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(56</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(4</td>
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 <td valign="bottom">&#xA0;</td>
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 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
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 <td valign="bottom" align="right">(4</td>
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 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6</td>
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 <td valign="bottom">&#xA0;</td>
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 <td valign="bottom" align="right">(3</td>
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 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other securitized assets</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">48</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
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 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(1</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
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 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(7</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(4</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(1</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
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 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">35</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,346</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(26</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">133</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(193</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(176</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">58</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(128</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(48</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">966</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(5</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>AFS</b></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other government&#xA0;&amp; agency</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">42</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(6</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(3</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">51</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Corporate</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">90</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">29</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(32</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(3</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(5</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(3</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">74</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Residential mortgage/asset-backed securities</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">8</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(6</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Commercial mortgage/asset-backed securities</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other securitized assets</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">5</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(1</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(4</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">149</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(1</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">47</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(44</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(5</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(9</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(8</td>
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">130</td>
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 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">7</td>
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 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid">
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">7</td>
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">7</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Real estate&#xA0;&#x2013;investment property</b></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,968</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">163</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">681</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,782</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
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 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
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 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(274</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12,756</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">197</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Other invested assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">12,977</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">786</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">9</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2,171</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(76</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(685</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(333</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">14,849</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">847</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">26,945</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">949</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">9</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2,852</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(1,858</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(685</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(607</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">27,605</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,044</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Segregated funds net assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">4,656</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">92</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">356</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(312</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(19</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(12</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(105</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(82</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">4,574</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">93</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;33,096</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;1,014</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;10</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;3,395</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(2,407</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(885</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;46</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(242</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(745</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;33,282</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;1,132</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">These amounts, except for the amount
 related to segregated funds net assets, are included in net
 investment income on the Consolidated Statements of Income.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">These amounts are included in AOCI on
 the Consolidated Statements of Financial Position.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">Sales in 2017 include $619 of U.S.
 commercial real estate sold to the Hancock US Real Estate Fund,
 L.P., an associate of the Company which is a structured entity
 based on partnership voting rights. The Company provides management
 services to the fund and owns approximately 11.7% of its
 partnership interests. Also in 2017, sales include US$313 (2016
 &#x2013; $1,011) of U.S. commercial real estate sold to the Manulife
 US Real Estate Investment Trust in Singapore, an associate of the
 Company which is a structured entity based on unitholder voting
 rights. The Company provides management services to the trust and
 owns approximately 9.5% of its units.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(4)</sup></td>
 <td valign="top" align="left">For assets transferred into and out
 of Level&#xA0;3, the Company uses fair values of the assets at the
 beginning of the year.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Transfers into Level&#xA0;3 primarily result from securities that
 were impaired during the year or securities where a lack of
 observable market data (versus the previous period) resulted in
 reclassifying assets into Level&#xA0;3. Transfers from Level&#xA0;3
 primarily result from observable market data now being available
 for the entire term structure of the debt security.</p>
 </div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of investments including investments accounted for using equity method explanatory.</p></div>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Derivative and Hedging Instruments<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TextBlock1Abstract', window );"><strong>Text block1 [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory', window );">Derivative and Hedging Instruments</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#2A517F"><b>Note 5&#xA0;&#xA0;&#xA0;&#xA0;Derivative
 and Hedging Instruments</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Derivatives are financial contracts, the value of which is derived
 from underlying interest rates, foreign exchange rates, other
 financial instruments, commodity prices or indices. The Company
 uses derivatives including swaps, forward and futures agreements,
 and options to manage current and anticipated exposures to changes
 in interest rates, foreign exchange rates, commodity prices and
 equity market prices, and to replicate permissible investments.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Swaps are&#xA0;<font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">over-the-counter</font></font>&#xA0;(&#x201C;OTC&#x201D;)
 contractual agreements between the Company and a third party to
 exchange a series of cash flows based upon rates applied to a
 notional amount. For interest rate swaps, counterparties generally
 exchange fixed or floating interest rate payments based on a
 notional value in a single currency. Cross currency swaps involve
 the exchange of principal amounts between parties as well as the
 exchange of interest payments in one currency for the receipt of
 interest payments in another currency. Total return swaps are
 contracts that involve the exchange of payments based on changes in
 the values of a reference asset, including any returns such as
 interest earned on these assets, in return for amounts based on
 reference rates specified in the contract.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Forward and futures agreements are contractual obligations to buy
 or sell a financial instrument, foreign currency or other
 underlying commodity on a predetermined future date at a specified
 price. Forward contracts are OTC contracts negotiated between
 counterparties, whereas futures agreements are contracts with
 standard amounts and settlement dates that are traded on regulated
 exchanges.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Options are contractual agreements whereby the holder has the
 right, but not the obligation, to buy (call option) or sell (put
 option) a security, exchange rate, interest rate, or other
 financial instrument at a predetermined price/rate within a
 specified time.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 See variable annuity dynamic hedging strategy in the &#x201C;Risk
 Management&#x201D; section of the Company&#x2019;s 2017 MD&amp;A for
 an explanation of the Company&#x2019;s dynamic hedging strategy for
 its variable annuity product guarantees.</p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(a) Fair value of
 derivatives</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The pricing models used to value OTC derivatives are based on
 market standard valuation methodologies and the inputs to these
 models are consistent with what a market participant would use when
 pricing the instruments. Derivative valuations can be affected by
 changes in interest rates, currency exchange rates, financial
 indices, credit spreads, default risk (including the counterparties
 to the contract), and market volatility. The significant inputs to
 the pricing models for most OTC derivatives are inputs that are
 observable or can be corroborated by observable market data and are
 classified as Level&#xA0;2. Inputs that are observable generally
 include interest rates, foreign currency exchange rates and
 interest rate curves. However, certain OTC derivatives may rely on
 inputs that are significant to the fair value that are not
 observable in the market or cannot be derived principally from, or
 corroborated by, observable market data and these derivatives are
 classified as Level&#xA0;3. Inputs that are unobservable generally
 include broker quotes, volatilities and inputs that are outside of
 the observable portion of the interest rate curve or other relevant
 market measures. These unobservable inputs may involve significant
 management judgment or estimation. Even though unobservable, these
 inputs are based on assumptions deemed appropriate given the
 circumstances and consistent with what market participants would
 use when pricing such instruments. The Company&#x2019;s use of
 unobservable inputs is limited and the impact on derivative fair
 values does not represent a material amount as evidenced by the
 limited amount of Level&#xA0;3 derivatives. The credit risk of both
 the counterparty and the Company are considered in determining the
 fair value for all OTC derivatives after considering the effects of
 netting agreements and collateral arrangements.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents the gross notional amount and fair
 value of derivative contracts by the underlying risk exposure for
 derivatives in qualifying hedging and derivatives not designated in
 qualifying hedging relationships.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="11%"></td>
 <td valign="bottom" width="2%"></td>
 <td width="37%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5" colspan="3"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="12"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="12"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom" colspan="3"><font style="FONT-SIZE: 7pt" color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10" align="center"><font style="FONT-SIZE: 7pt"><b>2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="10" align="center"><font style="FONT-SIZE: 7pt">2016</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" rowspan="2" colspan="2" align="right">Notional<br />
 amount</td>
 <td bgcolor="#DDE0DA" valign="bottom" rowspan="2">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center">Fair
 value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" rowspan="2" colspan="2" align="right">
 Notional<br />
 amount</td>
 <td valign="bottom" rowspan="2">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">Fair value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom"><font color="#1F320C"><b>Type of
 hedge</b></font></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">Instrument type</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Assets</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Liabilities</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right">Assets</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right">Liabilities</td>
 <td valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-TOP: rgb(31,50,12) 1px solid" valign="top" colspan="3">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Qualifying hedge accounting relationships</b></p>
 </td>
 <td style="BORDER-TOP: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-TOP: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-TOP: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-TOP: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-TOP: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-TOP: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-TOP: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-TOP: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-TOP: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-TOP: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-TOP: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-TOP: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-TOP: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-TOP: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-TOP: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-TOP: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-TOP: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-TOP: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-TOP: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-TOP: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-TOP: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-TOP: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-TOP: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-TOP: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Fair&#xA0;value&#xA0;hedges</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest rate swaps</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>548</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>20</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">2,158</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">477</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Foreign currency swaps</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>84</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>4</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">91</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Cash&#xA0;flow&#xA0;hedges</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Foreign currency swaps</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,757</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>20</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>333</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,285</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">447</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Forward contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>165</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>4</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">255</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">23</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity contracts</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>125</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>16</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">126</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">21</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top" colspan="3">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total derivatives in qualifying hedge accounting relationships</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,679</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>37</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>362</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">3,915</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">22</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">951</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top" colspan="3">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Derivatives not designated in qualifying hedge</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>accounting relationships</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest rate swaps</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>246,270</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,984</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,251</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">281,188</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">21,900</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10,878</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest rate futures</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>11,551</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">11,616</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest rate options</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>10,093</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>312</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">9,390</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">376</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Foreign currency swaps</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16,321</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>494</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,122</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12,226</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">347</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,645</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Currency rate futures</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,157</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,729</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Forward contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>20,341</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>915</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>65</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">15,411</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">340</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">644</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>13,597</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>813</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>22</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">14,989</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">669</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">33</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Credit default swaps</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>606</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>14</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">662</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity futures</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>12,158</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">16,072</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top" colspan="3">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total derivatives not designated in qualifying hedge accounting
 relationships</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>334,094</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>15,532</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>7,460</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">366,283</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">23,650</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">13,200</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top" colspan="3">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total derivatives</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;336,773</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;15,569</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;7,822</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">&#xA0;&#xA0;370,198</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">&#xA0;&#xA0;23,672</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">&#xA0;&#xA0;14,151</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents fair value of derivative instruments
 by remaining term to maturity. Fair values disclosed below do not
 incorporate the impact of master netting agreements. Refer to note
 10.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="59%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="14" align="center">Remaining
 term to maturity</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Less&#xA0;than</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">1 year</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">1 to 3</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">years</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">3 to 5</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">years</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Over 5</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">years</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Total&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Derivative assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>605</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>822</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>889</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>13,253</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>15,569&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Derivative liabilities</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>224</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>149</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>168</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>7,281</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,822&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="16"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="center"><font style="FONT-SIZE: 7pt">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="13" align="center"><font style="FONT-SIZE: 7pt">Remaining
 term to maturity</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font style="FONT-SIZE: 7pt">&#xA0;</font></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;<br />
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">Less&#xA0;than<br />
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">1 year</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;<br />
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1 to 3<br />
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">years</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;<br />
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">3 to 5<br />
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">years</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;<br />
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">Over 5<br />
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">years</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">Total&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Derivative assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;467</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;680</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;719</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;21,806</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">
 &#xA0;&#xA0;23,672&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Derivative liabilities</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">593</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">595</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">511</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">12,452</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">14,151&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents gross notional amount by remaining
 term to maturity, total fair value (including accrued interest),
 credit risk equivalent and risk-weighted amount by contract
 type.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="34%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="14" align="center">Remaining
 term to maturity (notional amounts)</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="14" align="center">Fair
 value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Under 1</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">year</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">1 to 5</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">years</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Over</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">5 years</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Positive</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Negative</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Net</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Credit&#xA0;risk</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">equivalent<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Risk-&#xA0;&#xA0;&#xA0;&#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">weighted&#xA0;&#xA0;&#xA0;&#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">amount<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup>&#xA0;&#xA0;&#xA0;&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest rate contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 OTC swap contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,161</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>19,141</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>112,412</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>138,714</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>13,379</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(6,867</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,512</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,588</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>809&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Cleared swap contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,615</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,928</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>93,561</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>108,104</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>245</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(206</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>39</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Forward contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,036</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>10,614</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>675</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>17,325</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>903</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(38</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>865</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>285</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>35&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Futures</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>11,551</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>11,551</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Options purchased</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>816</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,856</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>5,421</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>10,093</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>312</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>312</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>471</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>61&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Subtotal</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>27,179</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>46,539</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>212,069</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>285,787</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>14,839</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(7,111</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,728</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,344</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>905&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Foreign exchange</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Swap contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>999</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,481</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,682</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>18,162</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>510</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,483</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(973</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,874</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>200&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Forward contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,046</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>135</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,181</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>12</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(31</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(19</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>101</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Futures</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,157</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,157</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
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 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
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 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
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 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
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 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
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 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Credit derivatives</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>38</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>568</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>606</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>14</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>14</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
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 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
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 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
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 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
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 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
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 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
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 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
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 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
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 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
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 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
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 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
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 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Swap contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,612</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>169</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,781</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>60</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(14</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>46</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>337</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>35&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Futures</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,158</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,158</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
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 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Options purchased</p>
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,693</b></td>
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6,148</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>100</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>10,941</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(10</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>759</b></td>
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,606</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>305&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Subtotal including accrued interest</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>53,882</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>58,040</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>224,851</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>336,773</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16,204</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(8,649</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,555</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,262</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,457&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Less accrued interest</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>635</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(827</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(192</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>53,882</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>58,040</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>224,851</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>336,773</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>15,569</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(7,822</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>7,747</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>12,262</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,457&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="14" align="center">Remaining term to maturity (notional
 amounts)</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="14" align="center">Fair value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Under 1</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">year</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">1 to 5</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">years</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Over</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">5 years</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Positive</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Negative</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Net</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Credit&#xA0;risk</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">equivalent<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Risk-&#xA0;&#xA0;&#xA0;&#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">weighted&#xA0;&#xA0;&#xA0;&#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">amount<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup>&#xA0;&#xA0;&#xA0;&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest rate contracts</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 OTC swap contracts</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">13,244</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">37,395</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">164,252</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">214,891</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">19,327</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(10,154</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">9,173</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">10,205</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">
 1,493&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Cleared swap contracts</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">717</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,786</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">62,952</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">68,455</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,507</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2,117</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,390</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">
 &#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest rate forwards</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">7,229</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,143</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">873</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">14,245</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">326</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(629</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(303</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">192</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">29&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Futures</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">11,616</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">11,616</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">
 &#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Options purchased</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">483</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2,927</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">5,980</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">9,390</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">376</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">376</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">458</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">70&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Subtotal</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">33,289</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">51,251</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">234,057</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">318,597</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">23,536</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(12,900</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10,636</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10,855</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">
 1,592&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Foreign exchange</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Swap contracts</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">425</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,917</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">9,259</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,601</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">346</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2,120</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,774</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,491</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">181&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Forward contracts</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,257</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">165</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,422</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(38</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(25</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">62</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">9&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Futures</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,729</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,729</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">
 &#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Credit derivatives</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">47</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">615</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">662</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">
 &#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity contracts</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Swap contracts</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,107</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">192</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,299</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">64</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(35</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">29</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">495</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">54&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Futures</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">16,072</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">16,072</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">
 &#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Options purchased</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">6,007</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">5,809</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">11,816</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">626</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(2</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">624</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2,735</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">358&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Subtotal including accrued interest</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">64,933</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">61,949</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">243,316</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">370,198</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">24,603</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(15,095</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">9,508</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">15,638</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">
 2,194&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Less accrued interest</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">931</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(944</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(13</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;64,933</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;61,949</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;243,316</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;370,198</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;23,672</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(14,151</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;9,521</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;15,638</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;2,194&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Credit risk equivalent is the sum of
 replacement cost and the potential future credit exposure.
 Replacement cost represents the current cost of replacing all
 contracts with a positive fair value. The amounts take into
 consideration legal contracts that permit offsetting of positions.
 The potential future credit exposure is calculated based on a
 formula prescribed by OSFI.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">Risk-weighted amount represents the
 credit risk equivalent, weighted according to the creditworthiness
 of the counterparty, as prescribed by OSFI.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The total notional amount of $337&#xA0;billion
 (2016&#xA0;&#x2013;&#xA0;$370 billion) includes $114&#xA0;billion
 (2016&#xA0;&#x2013;&#xA0;$177 billion) related to derivatives
 utilized in the Company&#x2019;s variable annuity guarantee dynamic
 hedging and macro equity risk hedging programs. Due to the
 Company&#x2019;s variable annuity hedging practices, a large number
 of trades are in offsetting positions, resulting in materially
 lower net fair value exposure to the Company than what the gross
 notional amount would suggest.</p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents fair value of derivative contracts and
 the fair value hierarchy.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="65%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Fair value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Level&#xA0;1</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Level&#xA0;2</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Level&#xA0;3</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Derivative assets</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest rate contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>14,199</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>13,181</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,018</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Foreign exchange contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>527</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>527</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Equity contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>829</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>768</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>61</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Credit default swaps</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>14</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>14</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total derivative assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>15,569</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>14,490</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,079</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Derivative liabilities</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest rate contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,309</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,012</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>297</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Foreign exchange contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,490</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,490</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Equity contracts</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>23</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>10</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>13</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total derivative liabilities</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>7,822</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>7,512</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>310</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Fair value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Level&#xA0;1</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Level&#xA0;2</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Level&#xA0;3</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Derivative assets</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest rate contracts</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">22,602</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">22,045</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">557</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Foreign exchange contracts</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">362</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">361</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Equity contracts</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">690</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">182</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">508</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Credit default swaps</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">18</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">18</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total derivative assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">23,672</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">$</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">22,606</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;1,066</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Derivative liabilities</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest rate contracts</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">11,984</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">11,114</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">870</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Foreign exchange contracts</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,133</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,133</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Equity contracts</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">34</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">33</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total derivative liabilities</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;14,151</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">$</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right">
 &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;13,248</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">903</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents a roll forward for net derivative
 contracts measured at fair value using significant unobservable
 inputs (Level 3).</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="81%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Balance at the beginning of the year</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;163</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;&#xA0;350</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net realized / unrealized gains (losses) included in:</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Net income<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,082</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">47</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 OCI<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(2)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(9</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">40</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Purchases</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>22</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">373</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Settlements</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(103</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(522</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Transfers</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Into Level&#xA0;3<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Out of Level&#xA0;3<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(363</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(116</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Currency movement</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(23</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(9</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Balance at the end of the year</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>769</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">163</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Change in unrealized gains (losses) on instruments still
 held</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>832</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">145</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">These amounts are included in
 investment income on the Consolidated Statements of Income.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">These amounts are included in AOCI on
 the Consolidated Statements of Financial Position.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">For derivatives transferred into and
 out of Level&#xA0;3, the Company uses the fair value of the items
 at the end and beginning of the period, respectively. Transfers
 into Level&#xA0;3 occur when the inputs used to price the assets
 and liabilities lack observable market data (versus the previous
 year). Transfers out of Level&#xA0;3 occur when the inputs used to
 price the assets and liabilities become available from observable
 market data.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(b) Hedging relationships</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company uses derivatives for economic hedging purposes. In
 certain circumstances, these hedges also meet the requirements of
 hedge accounting. Risk management strategies eligible for hedge
 accounting are designated as fair value hedges, cash flow hedges or
 net investment hedges, as described below.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Fair value hedges</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company uses interest rate swaps to manage its exposure to
 changes in the fair value of fixed rate financial instruments due
 to changes in interest rates. The Company also uses cross currency
 swaps to manage its exposure to foreign exchange rate fluctuations,
 interest rate fluctuations, or both.</p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company recognizes gains and losses on derivatives and the
 related hedged items in fair value hedges in investment income.
 These investment gains (losses) are shown in the following
 table.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="34%"></td>
 <td valign="bottom" width="5%"></td>
 <td width="35%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Hedged items in qualifying</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 fair value hedging</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 relationships</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Gains&#xA0;(losses)<br />
 recognized&#xA0;on<br />
 derivatives</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Gains&#xA0;(losses)<br />
 recognized&#xA0;for<br />
 hedged&#xA0;items</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Ineffectiveness&#xA0;&#xA0;&#xA0;&#xA0;<br />
 recognized in&#xA0;&#xA0;&#xA0;&#xA0;<br />
 investment&#xA0;&#xA0;&#xA0;&#xA0;<br />
 income&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest rate swaps</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Fixed rate assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1)&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Fixed rate liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(17</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>17</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Foreign currency swaps</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Fixed rate assets</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(17</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>18</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="2"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Hedged items in qualifying</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 fair value hedging</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 relationships</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Gains&#xA0;(losses)<br />
 recognized&#xA0;on<br />
 derivatives</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Gains&#xA0;(losses)<br />
 recognized&#xA0;for<br />
 hedged&#xA0;items</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">
 Ineffectiveness&#xA0;&#xA0;&#xA0;&#xA0;<br />
 recognized in&#xA0;&#xA0;&#xA0;&#xA0;<br />
 investment&#xA0;&#xA0;&#xA0;&#xA0;<br />
 income&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest rate swaps</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Fixed rate assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;(52</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;30</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">
 &#xA0;&#xA0;(22)&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Fixed rate liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">
 &#x2013;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Foreign currency swaps</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Fixed rate assets</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(53</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">33</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(20)&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Cash flow hedges</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company uses interest rate swaps to hedge the variability in
 cash flows from variable rate financial instruments and forecasted
 transactions. The Company also uses cross currency swaps and
 foreign currency forward contracts to hedge the variability from
 foreign currency financial instruments and foreign currency
 expenses. Total return swaps are used to hedge the variability in
 cash flows associated with certain stock-based compensation awards.
 Inflation swaps are used to reduce inflation risk generated from
 inflation-indexed liabilities.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The effects of derivatives in cash flow hedging relationships on
 the Consolidated Statements of Income and the Consolidated
 Statements of Comprehensive Income are shown in the following
 table.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="34%"></td>
 <td valign="bottom" width="5%"></td>
 <td width="35%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Hedged items in qualifying</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 cash flow hedging</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 relationships</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Gains (losses)<br />
 deferred in<br />
 AOCI on<br />
 derivatives</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Gains
 (losses)<br />
 reclassified<br />
 from&#xA0;AOCI&#xA0;into<br />
 investment<br />
 income</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Ineffectiveness&#xA0;&#xA0;&#xA0;&#xA0;<br />
 recognized in&#xA0;&#xA0;&#xA0;&#xA0;<br />
 investment&#xA0;&#xA0;&#xA0;&#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">income&#xA0;&#xA0;&#xA0;&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest rate swaps</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Forecasted liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(17</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Foreign currency swaps</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Fixed rate assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Floating rate liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>95</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>50</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Fixed rate liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>35</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>7</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Forward contracts</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Forecasted expenses</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>10</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(10</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity contracts</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Stock-based compensation</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>20</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>29</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>163</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>58</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="2"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Hedged items in qualifying</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 cash flow hedging</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 relationships</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Gains (losses)<br />
 deferred in<br />
 AOCI on<br />
 derivatives</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Gains (losses)<br />
 reclassified<br />
 from&#xA0;AOCI&#xA0;into<br />
 investment<br />
 income</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">
 Ineffectiveness&#xA0;&#xA0;&#xA0;&#xA0;<br />
 recognized in&#xA0;&#xA0;&#xA0;&#xA0;<br />
 investment&#xA0;&#xA0;&#xA0;&#xA0;<br />
 income&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest rate swaps</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Forecasted liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(18</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">
 &#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Foreign currency swaps</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Fixed rate assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(4</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">
 &#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Floating rate liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">47</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">
 &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;23</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">
 &#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Fixed rate liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(15</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(8</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">
 &#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Forward contracts</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Forecasted expenses</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">7</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(14</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">
 &#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity contracts</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">Stock-based compensation</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">39</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">
 &#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <font style="WHITE-SPACE: nowrap">Non-derivative</font>&#xA0;financial
 instrument</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 Forecasted expenses</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">3</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;74</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(15</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">$</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right">
 &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company anticipates that net losses of approximately $13 will
 be reclassified from AOCI to net income within the next 12 months.
 The maximum time frame for which variable cash flows are hedged is
 19 years.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Hedges of net investments in foreign
 operations</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company primarily uses forward currency contracts, cross
 currency swaps and&#xA0;<font style="WHITE-SPACE: nowrap">non-functional</font>&#xA0;currency
 denominated debt to manage its foreign currency exposures to net
 investments in foreign operations.</p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The effects of net investment hedging relationships on the
 Consolidated Statements of Income and the Consolidated Statements
 of Other Comprehensive Income are shown in the following table.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="63%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="5%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Gains&#xA0;(losses)<br />
 deferred&#xA0;in&#xA0;AOCI<br />
 on derivatives</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Gains&#xA0;(losses)<br />
 reclassified&#xA0;from<br />
 AOCI into<br />
 investment&#xA0;income</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Ineffectiveness<br />
 recognized in<br />
 investment<br />
 income</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <font style="WHITE-SPACE: nowrap">Non-functional</font>&#xA0;currency
 denominated debt</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>355</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>355</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Gains (losses)<br />
 deferred in AOCI<br />
 on derivatives</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Gains (losses)<br />
 reclassified from<br />
 AOCI into<br />
 investment income</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Ineffectiveness<br />
 recognized in<br />
 investment<br />
 income</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <font style="WHITE-SPACE: nowrap">Non-functional</font>&#xA0;currency
 denominated debt</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">&#xA0;&#xA0;(25</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">$</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">$</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(25</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">$</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right">
 &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">$</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right">
 &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(c) Derivatives not designated in
 qualifying hedge accounting relationships</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Derivatives used in portfolios supporting insurance contract
 liabilities are generally not designated in qualifying hedge
 accounting relationships because the change in the value of the
 insurance contract liabilities economically hedged by these
 derivatives is also recorded through net income. Given the changes
 in fair value of these derivatives and related hedged risks are
 recognized in investment income as they occur, they generally
 offset the change in hedged risk to the extent the hedges are
 economically effective. Interest rate and cross currency swaps are
 used in the portfolios supporting insurance contract liabilities to
 manage duration and currency risks.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The effects of derivatives not designated in qualifying hedge
 accounting relationships on the Consolidated Statements of Income
 are shown in the following table.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="81%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Investment income (loss)</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest rate swaps</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(927</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(141</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest rate futures</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>372</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(26</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest rate options</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(96</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(11</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Foreign currency swaps</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;529</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(14</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Currency rate futures</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(92</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">263</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Forward contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,231</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(88</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity futures</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(2,190</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2,387</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>153</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(171</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Credit default swaps</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(4</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,024)</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(2,574</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(d) Embedded derivatives</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Certain insurance contracts contain features that are classified as
 embedded derivatives and are measured separately at FVTPL including
 reinsurance contracts related to guaranteed minimum income benefits
 and contracts containing certain credit and interest rate
 features.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Certain reinsurance contracts related to guaranteed minimum income
 benefits contain embedded derivatives requiring separate
 measurement at FVTPL as the financial component contained in the
 reinsurance contracts does not contain significant insurance risk.
 As at December&#xA0;31, 2017, reinsurance ceded guaranteed minimum
 income benefits had a fair value of $1,079
 (2016&#xA0;&#x2013;&#xA0;$1,408) and reinsurance assumed guaranteed
 minimum income benefits had a fair value of $100
 (2016&#xA0;&#x2013;&#xA0;$119). Claims recovered under reinsurance
 ceded contracts offset claims expenses and claims paid on the
 reinsurance assumed are reported as contract benefits.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company&#x2019;s credit and interest rate embedded derivatives
 promise to pay the returns on a portfolio of assets to the contract
 holder. These embedded derivatives contain a credit and interest
 rate risk that is a financial risk embedded in the underlying
 insurance contract. As at December&#xA0;31, 2017, these embedded
 derivatives had a fair value of $123
 (2016&#xA0;&#x2013;&#xA0;$218).</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Other financial instruments classified as embedded derivatives but
 exempt from separate measurement at fair value include variable
 universal life and variable life products, minimum guaranteed
 credited rates, no lapse guarantees, guaranteed annuitization
 options, CPI indexing of benefits, and segregated fund minimum
 guarantees other than reinsurance ceded/assumed guaranteed minimum
 income benefits. These embedded derivatives are measured and
 reported within insurance contract liabilities and are exempt from
 separate fair value measurement as they contain insurance risk
 and/or are closely related to the insurance host contract.</p>
 </div><span></span>
</td>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of derivative financial instruments. [Refer: Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Text block1 [abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6888159824">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Taxes<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#2A517F"><b>Note 6&#xA0;&#xA0;&#xA0;&#xA0;Income
 Taxes</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(a) Components of the income tax expense
 (recovery)</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Income tax expenses (recovery) recognized in the Consolidated
 Statements of Income:</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="81%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Current tax</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Current year</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>608</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">659</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Adjustments to prior year<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(38</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(228</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>570</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">431</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Deferred tax</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Change related to temporary differences</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(803</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(235</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Impact of U.S. Tax Reform</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>472</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Income tax expense</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;&#xA0;239</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;&#xA0;196</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Adjustments relating to closure of
 multiple taxation years</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Income tax expenses (recovery) recognized in Other Comprehensive
 Income (&#x201C;OCI&#x201D;):</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="82%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Current income tax expense (recovery)</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>116</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(72</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Deferred income tax expense (recovery)</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>320</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(25</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Income tax expense (recovery)</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;436</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(97</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Income tax expenses (recovery) recognized directly in Equity:</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="81%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Current income tax expense (recovery)</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(2</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Deferred income tax expense (recovery)</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(2</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Income tax expense (recovery)</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;(2</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(4</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The effective income tax rate reflected in the Consolidated
 Statements of Income varies from the Canadian tax rate of
 26.75&#xA0;per cent for the year ended December&#xA0;31, 2017
 (2016&#xA0;&#x2013;&#xA0;26.75 per cent) and the reasons are
 disclosed below.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Reconciliation of income tax
 expense</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="81%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Income before income taxes</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;2,501</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">&#xA0;&#xA0;3,329</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Income tax expense at Canadian statutory tax rate</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>669</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">890</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Increase (decrease) in income taxes due to:</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 <font style="WHITE-SPACE: nowrap">Tax-exempt</font>&#xA0;investment
 income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(242</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(229</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Differences in tax rate on income not subject to tax in Canada</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(551</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(366</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Recovery of unrecognized tax losses of prior years</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(10</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Adjustments to taxes related to prior years</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(182</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(206</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Tax losses and temporary differences not recognized as deferred
 taxes</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>14</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">22</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impact of U.S. Tax Reform</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>472</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other differences</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>59</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">95</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Income tax expense</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>239</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">196</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <b>Impact of U.S. Tax Reform</b></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 On December 22, 2017, the U.S. government enacted new tax
 legislation effective January 1, 2018. The legislation makes broad
 and complex changes to the U.S. tax code and accordingly it will
 take time to assess and interpret the changes. Based on a
 preliminary understanding of the new legislation, the Company
 recorded a provisional charge of $1.8 billion, after-tax, for the
 estimated impact of U.S. Tax Reform on policyholder liabilities and
 net deferred tax assets, including the reduction in the U.S.
 federal corporate income tax rate and the impact of specific life
 insurance regulations which limits the deductibility of reserves
 for U.S. federal income tax purposes. This provisional charge may
 change materially in the future, following a more comprehensive
 review of the legislation, including changes in interpretations and
 tax assumptions made in the valuation of policy liabilities as well
 as implementation of and guidance from the Internal Revenue Service
 and other bodies, and as a result of any future changes or
 amendments to that legislation. Refer to note 8(g) for the impact
 of U.S. Tax Reform on the Company&#x2019;s insurance contract
 liabilities.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(b) Current tax receivable and
 payable</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 As at December&#xA0;31, 2017, the Company has approximately $778 of
 current tax receivable included in other assets (2016 &#x2013; $446)
 and a current tax payable of $178 included in other liabilities
 (2016&#xA0;&#x2013;&#xA0;$387).</p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(c) Deferred tax assets and
 liabilities</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents the Company&#x2019;s deferred tax
 assets and liabilities.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="81%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December, 31</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Deferred tax assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,569</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">4,439</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Deferred tax liabilities</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,281</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(1,359</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net deferred tax assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;3,288</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;&#xA0;3,080</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents significant components of the
 Company&#x2019;s deferred tax assets and liabilities.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="51%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Balance,<br />
 January&#xA0;1,<br />
 2017</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Recognized<br />
 in Income<br />
 Statement</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Recognized
 in<br />
 Other<br />
 Comprehensive<br />
 Income</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Recognized<br />
 in Equity</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Translation<br />
 and Other</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Balance,<br />
 December&#xA0;31,<br />
 2017</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Loss carry forwards</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>942</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(311</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(38</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>596</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Actuarial liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>9,366</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,053</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(17</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(418</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,878</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Pensions and post-employment benefits</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>352</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(87</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(54</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>208</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Tax credits</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>875</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(369</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(52</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>454</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Accrued interest</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>17</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(12</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Real estate</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,396</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>284</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(9</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>59</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,062</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Securities and other investments</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(6,064</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;2,172</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(239</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>324</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(3,807</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Sale of investments</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(163</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>58</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(105</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Goodwill and intangible assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,059</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>197</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>37</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(825</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>210</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(548</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>287</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(50</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,080</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>331</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(320)</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;195</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,288</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Balance,<br />
 January&#xA0;1,<br />
 2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Recognized<br />
 in Income<br />
 Statement</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Recognized in<br />
 Other<br />
 Comprehensive<br />
 Income</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Recognized<br />
 in Equity</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Translation<br />
 and Other</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Balance,<br />
 December&#xA0;31,<br />
 2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Loss carry forwards</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">1,493</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(515</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(36</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">942</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Actuarial liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">9,448</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">244</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(5</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;(116</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(205</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">9,366</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Pensions and post-employment benefits</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">329</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">100</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(79</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">352</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Tax credits</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">750</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">147</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(22</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">875</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Accrued interest</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">121</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(100</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(4</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">17</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Real estate</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,812</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">373</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">43</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,396</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Securities and other investments</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(6,218</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(243</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">113</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">112</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">172</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(6,064</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Sale of investments</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(200</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">37</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(163</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Goodwill and intangible assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,138</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">58</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">21</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,059</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">59</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">134</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(4</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">6</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">15</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">210</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;&#xA0;2,832</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">235</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">25</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">2</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(14</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;&#xA0;3,080</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The total deferred tax assets as at December&#xA0;31, 2017 of
 $4,569 (2016&#xA0;&#x2013;&#xA0;$4,439) include $4,527
 (2016&#xA0;&#x2013;&#xA0;$4,403) where the Company has suffered
 losses in either the current or preceding year and where the
 recognition is dependent on future taxable profits in the relevant
 jurisdictions and feasible management actions.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 As at December&#xA0;31, 2017, tax loss carryforwards available were
 approximately $3,164 (2016&#xA0;&#x2013;&#xA0;$3,556) of which
 $2,109 expire between the years 2020 and 2037 while $159 have no
 expiry date, and capital loss carryforwards available were
 approximately $8 (2016&#xA0;&#x2013;&#xA0;$9) and have no expiry
 date. A $596 (2016&#xA0;&#x2013;&#xA0;$942) tax benefit related to
 these tax loss carryforwards has been recognized as a deferred tax
 asset as at December&#xA0;31, 2017, and a benefit of $171
 (2016&#xA0;&#x2013;&#xA0;$139) has not been recognized. In addition,
 the Company has approximately $606 (2016&#xA0;&#x2013;&#xA0;$1,039)
 of tax credit carryforwards which will expire between the years
 2030 and 2037 of which a benefit of $152
 (2016&#xA0;&#x2013;&#xA0;$164) has not been recognized.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The total deferred tax liability as at December&#xA0;31, 2017 was
 $1,281 (2016&#xA0;&#x2013;&#xA0;$1,359). This amount includes the
 deferred tax liability of consolidated entities. The aggregate
 amount of taxable temporary differences associated with the
 Company&#x2019;s own investments in subsidiaries is not included in
 the Consolidated Financial Statements and was $11,780
 (2016&#xA0;&#x2013;&#xA0;$13,102).</p>
 </div><span></span>
</td>
</tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfIncomeTaxExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for income taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Section Disclosure<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=sect_Disclosure&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Text block1 [abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6888056240">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Goodwill and Intangible Assets<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#2A517F"><b>Note 7&#xA0;&#xA0;&#xA0;&#xA0;Goodwill and
 Intangible Assets</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(a) Carrying amounts of goodwill and
 intangible assets</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="53%"></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Balance,<br />
 January&#xA0;1,<br />
 2017</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Additions/<br />
 disposals</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Amortization<br />
 expense</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Effect&#xA0;of&#xA0;changes<br />
 in foreign<br />
 exchange rates</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Balance,<br />
 December&#xA0;31,<br />
 2017</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Goodwill</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>5,884</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>n/a</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(171</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>5,713</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Indefinite life intangible assets</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Brand</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>805</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>n/a</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(52</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>753</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Fund management contracts and other<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>785</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>n/a</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(30</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>755</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,590</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>n/a</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(82</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,508</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Finite life intangible assets<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(2)</sup></b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Distribution networks</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,093</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>47</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(57</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>989</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Customer relationships</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>969</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>56</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(14</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>899</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Software</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>494</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>306</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>121</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(18</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>661</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>77</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>5</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>70</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,633</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>306</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>229</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(91</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,619</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total intangible assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,223</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>306</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>229</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(173</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,127</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total goodwill and intangible assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;10,107</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>306</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;229</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(344</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>9,840</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Balance,<br />
 January&#xA0;1,<br />
 2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Additions<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup>/<br />
 disposals<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(4)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Amortization<br />
 expense</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Effect of changes<br />
 in foreign<br />
 exchange rates</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Balance,<br />
 December&#xA0;31,<br />
 2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Goodwill</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">5,685</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">256</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">n/a</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(57</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">5,884</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Indefinite life intangible assets</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Brand</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">831</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">n/a</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(26</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">805</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Fund management contracts and other<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">723</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">76</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">n/a</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(14</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">785</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,554</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">76</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">n/a</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(40</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,590</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Finite life intangible assets<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(2)</sup></b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Distribution networks</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">726</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">450</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">50</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(33</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,093</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Customer relationships</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">947</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">79</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">53</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(4</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">969</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Software</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">396</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">229</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">126</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(5</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">494</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">76</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">6</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">5</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">77</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2,145</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">764</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">234</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(42</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2,633</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total intangible assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">3,699</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">840</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">234</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(82</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">4,223</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total goodwill and intangible assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">9,384</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">1,096</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">234</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(139</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;10,107</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">For fund management contracts, the
 significant CGUs to which these were allocated and their associated
 carrying values were John Hancock Investments and Retirement Plan
 Services with $367 (2016 &#x2013; $393) and Canadian Wealth
 (excluding Manulife Bank of Canada) with $273 (2016 &#x2013;
 $273).</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">Gross carrying amount of finite life
 intangible assets was $1,294 for distribution networks, $1,128 for
 customer relationships, $1,841 for software and $126 for other
 (2016 &#x2013; $1,363, $1,142, $1,581 and $133, respectively).</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">In 2016, acquisitions of Standard
 Chartered&#x2019;s MPF business in Hong Kong and
 Transamerica&#x2019;s broker-dealer business in the USA led to
 additions of goodwill of $194 and $59 and intangible assets of $193
 and $26, respectively. Commencement of sales through the DBS
 relationship led to recognition of $536 of distribution
 networks.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(4)</sup></td>
 <td valign="top" align="left">In 2016, disposals include
 impairments of distribution networks for discontinued products of
 $150 in the U.S. Division.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(b) Goodwill impairment
 testing</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 In the fourth quarter of 2017, the Company completed its annual
 goodwill impairment testing by determining the recoverable amounts
 of its businesses using valuation techniques discussed below or
 based on the most recent detailed similar calculations made in a
 prior period (refer to notes 1(f) and 7(c)).</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company has determined that there was no impairment of goodwill
 in 2017 and 2016.</p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company allocates goodwill to cash-generating units
 (&#x201C;CGU&#x201D;) or groups of CGUs. Factors considered when
 identifying the Company&#x2019;s CGUs include how the Company is
 organized to interact with customers, how products are presented
 and sold, and where interdependencies exist. The following tables
 present the carrying value of goodwill by CGUs.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="63%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 CGU or Group of CGUs</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Balance,<br />
 January&#xA0;1,</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">2017</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Additions/<br />
 disposals</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Effect of<br />
 changes in<br />
 foreign<br />
 exchange<br />
 rates</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Balance,<br />
 December&#xA0;31,</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">2017</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Asia (excluding Hong Kong and Japan)</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>160</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(6</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>154</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Hong Kong</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>194</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(14</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>180</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Japan Insurance and Wealth</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>403</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(12</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>391</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Canadian Individual Life</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>155</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>155</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Canadian Affinity Markets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>83</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>83</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Canadian Wealth (excluding Manulife Bank)</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,085</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,085</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Canadian Group Benefits and Group Retirement Solutions</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,773</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,773</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 International Group Program</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>90</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(6</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>84</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Insurance</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>428</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(28</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>400</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Investments and Retirement Plan Services</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,220</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(99</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,121</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management and Other</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>293</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(6</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>287</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;5,884</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(171</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;5,713</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 CGU or Group of CGUs</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Balance,<br />
 January&#xA0;1,</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">2016</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Additions/<br />
 disposals</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Effect of<br />
 changes in<br />
 foreign<br />
 exchange<br />
 rates</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Balance,<br />
 December&#xA0;31,</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">2016</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Asia (excluding Hong Kong and Japan)</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">166</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(6</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">160</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Hong Kong</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">194</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">194</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Japan Insurance and Wealth</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">404</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">403</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Canadian Individual Life</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">155</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">155</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Canadian Affinity Markets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">83</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">83</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Canadian Wealth (excluding Manulife Bank)</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,085</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,085</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Canadian Group Benefits and Group Retirement Solutions</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,773</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,773</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 International Group Program</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">93</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(3</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">90</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Insurance</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">378</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">59</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(9</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">428</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Investments and Retirement Plan Services</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,254</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(37</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,220</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management and Other</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">294</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(1</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">293</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">5,685</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;256</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(57</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">5,884</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The valuation techniques, significant assumptions and
 sensitivities, where applicable, applied in the goodwill impairment
 testing are described below.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(c) Valuation techniques</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The recoverable amount of each CGU or group of CGUs was based
 on&#xA0;<font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">value-in-use</font></font>&#xA0;(&#x201C;VIU&#x201D;)
 for the U.S. (John Hancock) based CGUs, the Canadian Individual
 Life CGU and the Japan Insurance and Wealth CGU. For all other
 CGUs, fair value less costs to sell (&#x201C;FVLCS&#x201D;) was used.
 When determining if a CGU is impaired, the Company compares its
 recoverable amount to the allocated capital for that unit, which is
 aligned with the Company&#x2019;s internal reporting practices.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Under the VIU approach, an embedded appraisal value is determined
 from a projection of future distributable earnings derived from
 both the&#xA0;<font style="WHITE-SPACE: nowrap">in-force</font>&#xA0;business
 and new business expected to be sold in the future, and therefore,
 reflects the economic value for each CGU&#x2019;s or group of
 CGUs&#x2019; profit potential under a set of assumptions. This
 approach requires assumptions including sales and revenue growth
 rates, capital requirements, interest rates, equity returns,
 mortality, morbidity, policyholder behaviour, tax rates and
 discount rates.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Under the FVLCS approach, the Company determines the fair value of
 the CGU or group of CGUs using an earnings-based approach which
 incorporates forecasted earnings, excluding interest and equity
 market impacts and normalized new business expenses multiplied by
 an earnings multiple derived from the
 observable&#xA0;<font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">price-to-earnings</font></font>&#xA0;multiples
 of comparable financial institutions.
 The&#xA0;<font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">price-to-earnings</font></font>&#xA0;multiples
 used by the Company for testing ranged from 10.6 to 14.8
 (2016&#xA0;&#x2013;&#xA0;10.3 to 13.8).</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(d) Significant assumptions</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 To calculate embedded value, the Company discounted projected
 earnings from&#xA0;<font style="WHITE-SPACE: nowrap">in-force</font>&#xA0;contracts
 and valued 10 years of new business growing at expected plan
 levels, consistent with the periods used for forecasting long-term
 businesses such as insurance. In arriving at its projections, the
 Company considered past experience, economic trends such as
 interest rates, equity returns and product mix as well as industry
 and market trends. Where growth rate assumptions for new business
 cash flows were used in the embedded value calculations, they
 ranged from negative five per cent to 15&#xA0;per cent
 (2016&#xA0;&#x2013;&#xA0;negative five per cent to 15 per cent).</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Interest rate assumptions are based on prevailing market rates at
 the valuation date.</p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Tax rates applied to the projections include the impact of internal
 reinsurance treaties and amounted to 26.8&#xA0;per cent,
 35&#xA0;per cent and 28.1&#xA0;per cent
 (2016&#xA0;&#x2013;&#xA0;26.8&#xA0;per cent, 35&#xA0;per cent and
 28.2 per cent) for the Canadian, U.S. and Japan jurisdictions,
 respectively. Tax assumptions are sensitive to changes in tax laws
 as well as assumptions about the jurisdictions in which profits are
 earned. It is possible that actual tax rates could differ from
 those assumed.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Discount rates assumed in determining
 the&#xA0;<font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">value-in-use</font></font>&#xA0;for
 applicable CGUs or groups of CGUs ranged from nine per cent to
 14&#xA0;per cent on an&#xA0;<font style="WHITE-SPACE: nowrap">after-tax</font>&#xA0;basis or
 11&#xA0;per cent to 15&#xA0;per cent on
 a&#xA0;<font style="WHITE-SPACE: nowrap">pre-tax</font>&#xA0;basis
 (2016&#xA0;&#x2013;&#xA0;nine per cent to 14&#xA0;per cent on
 an&#xA0;<font style="WHITE-SPACE: nowrap">after-tax</font>&#xA0;basis or
 11&#xA0;per cent to 15&#xA0;per cent on
 a&#xA0;<font style="WHITE-SPACE: nowrap">pre-tax</font>&#xA0;basis).</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The key assumptions described above may change as economic and
 market conditions change, which may lead to impairment charges in
 the future. Changes in discount rates and cash flow projections
 used in the determination of embedded values or reductions in
 market-based earnings multiples may result in impairment charges in
 the future which could be material.</p>


 </div><span></span>
</td>
</tr>
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<div style="display: none;">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of intangible assets and goodwill. [Refer: Intangible assets and goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6888159824">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Insurance Contract Liabilities and Reinsurance Assets<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TextBlock1Abstract', window );"><strong>Text block1 [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInsuranceContractsExplanatory', window );">Insurance Contract Liabilities and Reinsurance Assets</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#2A517F"><b>Note 8&#xA0;&#xA0;&#xA0;&#xA0;Insurance
 Contract Liabilities and Reinsurance Assets</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(a) Insurance contract liabilities and
 reinsurance assets</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Insurance contract liabilities are reported gross of reinsurance
 ceded and the ceded liabilities are reported separately as a
 reinsurance asset. Insurance contract liabilities include actuarial
 liabilities, benefits payable, provision for unreported claims and
 policyholder amounts on deposit. The components of gross and net
 insurance contract liabilities are shown below.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="79%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Gross insurance contract liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>291,767</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">284,778</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Gross benefits payable and provision for unreported claims</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,376</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,309</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Gross policyholder amounts on deposit</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>9,462</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">9,418</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Gross insurance contract liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>304,605</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">297,505</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Reinsurance assets</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(30,359</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(34,952</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net insurance contract liabilities</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;274,246</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;262,553</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Net insurance contract liabilities represent the amount which,
 together with estimated future premiums and net investment income,
 will be sufficient to pay estimated future benefits, policyholder
 dividends and refunds, taxes (other than income taxes) and expenses
 on policies&#xA0;<font style="WHITE-SPACE: nowrap">in-force</font>&#xA0;net of
 reinsurance premiums and recoveries.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Net insurance contract liabilities are determined using CALM, as
 required by the Canadian Institute of Actuaries.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The determination of net insurance contract liabilities is based on
 an explicit projection of cash flows using current assumptions for
 each material cash flow item. Investment returns are projected
 using the current asset portfolios and projected reinvestment
 strategies.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Each assumption is based on the best estimate adjusted by a margin
 for adverse deviation. For fixed income returns, this margin is
 established by scenario testing a range of prescribed and
 company-developed scenarios consistent with Canadian Actuarial
 Standards of Practice. For all other assumptions, this margin is
 established by directly adjusting the best estimate assumption.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Cash flows used in the net insurance contract liabilities valuation
 adjust the gross policy cash flows to reflect projected cash flows
 from ceded reinsurance. The cash flow impact of ceded reinsurance
 varies depending upon the amount of reinsurance, the structure of
 reinsurance treaties, the expected economic benefit from treaty
 cash flows and the impact of margins for adverse deviation. Gross
 insurance contract liabilities are determined by discounting gross
 policy cash flows using the same discount rate as the net CALM
 model discount rate.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The reinsurance asset is determined by taking the difference
 between the gross insurance contract liabilities and the net
 insurance contract liabilities. The reinsurance asset represents
 the benefit derived from reinsurance arrangements in force at the
 date of the Consolidated Statements of Financial Position.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The period used for the projection of cash flows is the policy
 lifetime for most individual insurance contracts. For other types
 of contracts, a shorter projection period may be used, with the
 contract generally ending at the earlier of the first renewal date
 on or after the Consolidated Statements of Financial Position date
 where the Company can exercise discretion in renewing its
 contractual obligations or terms of those obligations and the
 renewal or adjustment date that maximizes the insurance contract
 liabilities. For segregated fund products with guarantees, the
 projection period is generally set as the period that leads to the
 largest insurance contract liability. Where the projection period
 is less than the policy lifetime, insurance contract liabilities
 may be reduced by an allowance for acquisition expenses expected to
 be recovered from policy cash flows beyond the projection period
 used for the liabilities. Such allowances are tested for
 recoverability using assumptions that are consistent with other
 components of the actuarial valuation.</p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(b) Composition</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The composition of insurance contract liabilities and reinsurance
 assets by line of business and reporting segment is as follows.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Gross insurance contract
 liabilities</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="43%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center">Individual
 insurance</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Participating</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><font style="WHITE-SPACE: nowrap">Non-</font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">participating</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Annuities<br />
 and<br />
 pensions</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Other<br />
 insurance<br />
 contract<br />
 liabilities<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Total, net of<br />
 reinsurance<br />
 ceded</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Total<br />
 reinsurance<br />
 ceded</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Total,<br />
 gross&#xA0;of<br />
 reinsurance<br />
 ceded</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Asia division</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>32,737</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>22,705</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,366</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,435</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>62,243</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>911</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>63,154</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Canadian division</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>11,132</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>34,091</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>19,141</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>11,834</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>76,198</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(676</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>75,522</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 U.S. division</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>8,569</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>57,599</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>26,161</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>43,522</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>135,851</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>29,952</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>165,803</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Corporate and Other</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(515</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>48</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>421</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(46</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>172</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>126</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total, net of reinsurance ceded</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>52,438</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>113,880</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>49,716</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>58,212</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>274,246</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>30,359</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>304,605</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total reinsurance ceded</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>11,492</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>11,238</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6,539</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,090</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>30,359</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total, gross of reinsurance ceded</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;63,930</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;125,118</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;56,255</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;59,302</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;304,605</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td bgcolor="#FFFFFF" height="16" colspan="8"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td bgcolor="#FFFFFF" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#FFFFFF" valign="bottom" colspan="6" align="center">Individual
 insurance</td>
 <td bgcolor="#FFFFFF" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Participating</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><font style="WHITE-SPACE: nowrap">Non-</font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">participating</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Annuities<br />
 and<br />
 pensions</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Other<br />
 insurance<br />
 contract<br />
 liabilities<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Total, net of<br />
 reinsurance<br />
 ceded</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Total<br />
 reinsurance<br />
 ceded</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Total,<br />
 gross&#xA0;of<br />
 reinsurance<br />
 ceded</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Asia division</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">29,520</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">18,799</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">3,599</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">2,649</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">54,567</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">880</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">55,447</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Canadian division</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10,974</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">31,790</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">19,620</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">11,000</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">73,384</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">593</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">73,977</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 U.S. division</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">9,419</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">56,484</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">28,529</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">40,760</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">135,192</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">33,220</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">168,412</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Corporate and Other</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(833</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">62</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">181</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(590</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">259</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(331</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total, net of reinsurance ceded</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">49,913</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">106,240</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">51,810</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">54,590</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">262,553</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">34,952</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">297,505</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total reinsurance ceded</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">13,558</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">12,122</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">8,159</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,113</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">34,952</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total, gross of reinsurance ceded</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">63,471</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">118,362</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">59,969</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">55,703</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">297,505</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Other insurance contract liabilities
 include group insurance and individual and group health including
 long-term care insurance.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Separate&#xA0;<font style="WHITE-SPACE: nowrap">sub-accounts</font>&#xA0;were
 established for participating
 policies&#xA0;<font style="WHITE-SPACE: nowrap">in-force</font>&#xA0;at the
 demutualization of MLI and John Hancock Mutual Life Insurance
 Company. These&#xA0;<font style="WHITE-SPACE: nowrap">sub-accounts</font>&#xA0;permit
 this participating business to be operated as separate
 &#x201C;closed blocks&#x201D; of participating policies. As at
 December&#xA0;31, 2017, $28,135 (2016&#xA0;&#x2013;&#xA0;$29,108) of
 both assets and insurance contract liabilities were related to
 these closed blocks of participating policies.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(c) Assets backing insurance contract
 liabilities, other liabilities and capital</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Assets are segmented and matched to liabilities with similar
 underlying characteristics by product line and major currency. The
 Company has established target investment strategies and asset
 mixes for each asset segment supporting insurance contract
 liabilities which take into account the risk attributes of the
 liabilities supported by the assets and expectations of market
 performance. Liabilities with rate and term guarantees are
 predominantly backed by fixed-rate instruments on a cash flow
 matching basis for a targeted duration horizon. Longer duration
 cash flows on these liabilities as well as on adjustable products
 such as participating life insurance are backed by a broader range
 of asset classes, including equity and alternative long-duration
 investments. The Company&#x2019;s capital is invested in a range of
 debt and equity investments, both public and private.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Changes in the fair value of assets backing net insurance contract
 liabilities, that the Company considers to be other than temporary,
 would have a limited impact on the Company&#x2019;s net income
 wherever there is an effective matching of assets and liabilities,
 as these changes would be substantially offset by corresponding
 changes in the value of net insurance contract liabilities. The
 fair value of assets backing net insurance contract liabilities as
 at December&#xA0;31, 2017, excluding reinsurance assets, was
 estimated at $278,521 (2016&#xA0;&#x2013; $266,119).</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The fair value of assets backing capital and other liabilities as
 at December&#xA0;31, 2017 was estimated at $456,278
 (2016&#xA0;&#x2013;&#xA0;$459,256).</p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The carrying value of total assets backing net insurance contract
 liabilities, other liabilities and capital was as follows.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="45%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center">Individual
 insurance</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Participating</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><font style="WHITE-SPACE: nowrap">Non-</font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">participating</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Annuities<br />
 and pensions</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Other insurance<br />
 contract<br />
 liabilities<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Other<br />
 liabilities<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Capital<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Assets</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Debt securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>27,946</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>63,128</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>26,621</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>25,211</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,635</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>24,459</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>174,000</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Public equities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>9,264</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,855</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>171</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>332</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,029</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,894</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>21,545</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Mortgages</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,017</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>10,286</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,009</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,891</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>18,476</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>63</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>44,742</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Private placements</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,645</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,128</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>8,059</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,739</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>367</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>194</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>32,132</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Real estate</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,963</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,198</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,136</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,516</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>769</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>228</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>13,810</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6,603</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>16,285</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6,720</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>15,523</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>377,352</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>20,821</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>443,304</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;52,438</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;113,880</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;49,716</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;58,212</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;404,628</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;50,659</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;729,533</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td bgcolor="#FFFFFF" height="16" colspan="8"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td bgcolor="#FFFFFF" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#FFFFFF" valign="bottom" colspan="6" align="center">Individual
 insurance</td>
 <td bgcolor="#FFFFFF" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Participating</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><font style="WHITE-SPACE: nowrap">Non-</font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">participating</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Annuities<br />
 and pensions</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Other insurance<br />
 contract<br />
 liabilities<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Other<br />
 liabilities<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Capital<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Debt securities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">27,473</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">56,765</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">26,331</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">23,012</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">9,965</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">25,076</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">168,622</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Public equities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">8,055</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,401</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">213</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">351</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">732</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,744</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">19,496</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Mortgages</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,110</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10,008</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">8,135</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,554</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18,311</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">75</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">44,193</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Private placements</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,277</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10,823</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">7,096</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">7,070</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,272</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">191</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">29,729</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Real estate</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,811</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,397</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,480</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,561</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">613</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">270</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">14,132</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">6,187</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">16,846</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">8,555</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">16,042</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">377,000</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">19,879</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">444,509</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">49,913</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">106,240</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">51,810</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">54,590</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">407,893</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">50,235</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">720,681</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Other insurance contract liabilities
 include group insurance and individual and group health including
 long-term care insurance.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">Other liabilities
 are&#xA0;<font style="WHITE-SPACE: nowrap">non-insurance</font>&#xA0;contract
 liabilities which include segregated funds, bank deposits,
 long-term debt, deferred tax liabilities, derivatives, investment
 contracts, embedded derivatives and other miscellaneous
 liabilities.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">Capital is defined in note 14.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(d) Significant insurance contract
 liability valuation assumptions</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The determination of insurance contract liabilities involves the
 use of estimates and assumptions. Insurance contract liabilities
 have two major components: a best estimate amount and a provision
 for adverse deviation.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Best estimate assumptions</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Best estimate assumptions are made with respect to mortality and
 morbidity, investment returns, rates of policy termination,
 operating expenses and certain taxes. Actual experience is
 monitored to ensure that assumptions remain appropriate and
 assumptions are changed as warranted. Assumptions are discussed in
 more detail in the following table.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="9%"></td>
 <td valign="bottom" width="1%"></td>
 <td width="42%"></td>
 <td valign="bottom" width="2%"></td>
 <td width="42%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td style="BORDER-TOP: rgb(0,0,0) 1px solid; PADDING-LEFT: 8pt; BORDER-LEFT: rgb(0,0,0) 1px solid" bgcolor="#E8EAE6" height="5" colspan="3">&#xA0;</td>
 <td style="BORDER-TOP: rgb(0,0,0) 1px solid; BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-LEFT: rgb(0,0,0) 1px solid" bgcolor="#E8EAE6" height="5" colspan="2">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-LEFT: 8pt; BORDER-LEFT: rgb(0,0,0) 1px solid" bgcolor="#E8EAE6" valign="bottom" colspan="3"><font color="#1F320C"><b>Nature of factor and assumption
 methodology</b></font></td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid; BORDER-LEFT: rgb(0,0,0) 1px solid" bgcolor="#E8EAE6" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-RIGHT: 2pt" bgcolor="#E8EAE6" valign="bottom"><font color="#1F320C"><b>Risk
 management</b></font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-LEFT: 8pt; BORDER-LEFT: rgb(0,0,0) 1px solid" bgcolor="#E8EAE6" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>Mortality</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>and</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>morbidity</b></font></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Mortality relates to the occurrence of death. Mortality is a key
 assumption for life insurance and certain forms of annuities.
 Mortality assumptions are based on the Company&#x2019;s internal
 experience as well as past and emerging industry experience.
 Assumptions are differentiated by sex, underwriting class, policy
 type and geographic market. Assumptions are made for future
 mortality improvements.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Morbidity relates to the occurrence of accidents and sickness for
 insured risks. Morbidity is a key assumption for long-term care
 insurance, disability insurance, critical illness and other forms
 of individual and group health benefits. Morbidity assumptions are
 based on the Company&#x2019;s internal experience as well as past
 and emerging industry experience and are established for each type
 of morbidity risk and geographic market. Assumptions are made for
 future morbidity improvements.</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid; BORDER-LEFT: rgb(0,0,0) 1px solid" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-RIGHT: 2pt" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 The Company maintains underwriting standards to determine the
 insurability of applicants. Claim trends are monitored on an
 ongoing basis. Exposure to large claims is managed by establishing
 policy retention limits, which vary by market and geographic
 location. Policies in excess of the limits are reinsured with other
 companies.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Mortality is monitored monthly and the overall 2017 experience was
 unfavourable (2016&#xA0;&#x2013;&#xA0;unfavourable) when compared to
 the Company&#x2019;s assumptions. Morbidity is also monitored
 monthly and the overall 2017 experience was unfavourable
 (2016&#xA0;&#x2013; unfavourable) when compared to the
 Company&#x2019;s assumptions.</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-LEFT: 8pt; BORDER-LEFT: rgb(0,0,0) 1px solid" bgcolor="#E8EAE6" valign="top"><font color="#1F320C"><b>Investment
 returns</b></font></td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 The Company segments assets to support liabilities by business
 segment and geographic market and establishes investment strategies
 for each liability segment. Projected cash flows from these assets
 are combined with projected cash flows from future asset
 purchases/sales to determine expected rates of return on these
 assets for future years. Investment strategies are based on the
 target investment policies for each segment and the reinvestment
 returns are derived from current and projected market rates for
 fixed income investments and a projected outlook for other
 alternative long-duration assets.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Investment return assumptions include expected future asset credit
 losses on fixed income investments. Credit losses are projected
 based on past experience of the Company and industry as well as
 specific reviews of the current investment portfolio.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Investment return assumptions for each asset class and geographic
 market also incorporate expected investment management expenses
 that are derived from internal cost studies. The costs are
 attributed to each asset class to develop unitized assumptions per
 dollar of asset for each asset class and geographic market.</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid; BORDER-LEFT: rgb(0,0,0) 1px solid" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-RIGHT: 2pt" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 The Company&#x2019;s policy of closely matching asset cash flows
 with those of the corresponding liabilities is designed to mitigate
 the Company&#x2019;s exposure to future changes in interest rates.
 The interest rate risk positions in business segments are monitored
 on an ongoing basis. Under CALM, the reinvestment rate is developed
 using interest rate scenario testing and reflects the interest rate
 risk positions.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 In 2017, the movement in interest rates negatively
 (2016&#xA0;&#x2013;negatively) impacted the Company&#x2019;s net
 income. This negative impact was driven by reductions in corporate
 spreads and increase in swap spreads, partially offset by the
 impact of risk free interest rate movements on policy
 liabilities.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 The exposure to credit losses is managed against policies that
 limit concentrations by issuer, corporate connections, ratings,
 sectors and geographic regions. On participating policies and
 some&#xA0;<font style="WHITE-SPACE: nowrap">non-participating</font>&#xA0;policies,
 credit loss experience is passed back to policyholders through the
 investment return crediting formula. For other policies, premiums
 and benefits reflect the Company&#x2019;s assumed level of future
 credit losses at contract inception or most recent contract
 adjustment date. The Company holds explicit provisions in actuarial
 liabilities for credit risk including provisions for adverse
 deviation.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 In 2017, credit loss experience on debt securities and mortgages
 was favourable (2016&#xA0;&#x2013;&#xA0;favourable) when compared to
 the Company&#x2019;s assumptions.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Equities, real estate and other alternative long-duration assets
 are used to support liabilities where investment return experience
 is passed back to policyholders through dividends or credited
 investment return adjustments. Equities, real estate, oil and gas
 and other alternative long-duration assets are also used to support
 long-dated obligations in the Company&#x2019;s annuity and pension
 businesses and for long-dated insurance obligations on contracts
 where the investment return risk is borne by the Company.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 In 2017, investment experience on alternative long-duration assets
 backing policyholder liabilities was unfavourable
 (2016&#xA0;&#x2013;&#xA0;unfavourable) primarily due to losses on
 real estate, oil and gas properties and timber and agriculture
 properties, partially offset by gains on private equities. In 2017,
 alternative long-duration asset origination exceeded
 (2016&#xA0;&#x2013;exceeded) valuation requirements.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 In 2017, for the business that is dynamically hedged, segregated
 fund guarantee experience on
 residual,&#xA0;<font style="WHITE-SPACE: nowrap">non-dynamically</font>&#xA0;hedged
 market risks was favourable (2016&#xA0;&#x2013;unfavourable). For
 the business that is not dynamically hedged, experience on
 segregated fund guarantees due to changes in the market value of
 assets under management was also favourable
 (2016&#xA0;&#x2013;&#xA0;unfavourable). This excludes the experience
 on the macro equity hedges.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 In 2017, investment expense experience was unfavourable
 (2016&#xA0;&#x2013;&#xA0;favourable) when compared to the
 Company&#x2019;s assumptions.</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-LEFT: 8pt; BORDER-LEFT: rgb(0,0,0) 1px solid" bgcolor="#E8EAE6" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>Policyholder&#xA0;</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>behaviour&#xA0;</b></font></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="top">
 Policies are terminated through lapses and surrenders, where lapses
 represent the termination of policies due
 to&#xA0;<font style="WHITE-SPACE: nowrap">non-payment</font>&#xA0;of
 premiums and surrenders represent the voluntary termination of
 policies by policyholders. Premium persistency represents the level
 of ongoing deposits on contracts where there is policyholder
 discretion as to the amount and timing of deposits. Policy
 termination and premium persistency assumptions are primarily based
 on the Company&#x2019;s recent experience adjusted for expected
 future conditions. Assumptions reflect differences by type of
 contract within each geographic market.</td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid; BORDER-LEFT: rgb(0,0,0) 1px solid" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-RIGHT: 2pt" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 The Company seeks to design products that minimize financial
 exposure to lapse, surrender and other policyholder behaviour risk.
 The Company monitors lapse, surrender and other policyholder
 behaviour experience.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 In aggregate, 2017 policyholder behaviour experience was
 unfavourable (2016&#xA0;&#x2013; unfavourable) when compared to the
 Company&#x2019;s assumptions used in the computation of actuarial
 liabilities.</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-LEFT: 8pt; BORDER-LEFT: rgb(0,0,0) 1px solid" bgcolor="#E8EAE6" valign="top"><font color="#1F320C"><b>Expenses
 and taxes</b></font></td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Operating expense assumptions reflect the projected costs of
 maintaining and servicing&#xA0;<font style="WHITE-SPACE: nowrap">in-force</font>&#xA0;policies,
 including associated overhead expenses. The expenses are derived
 from internal cost studies projected into the future with an
 allowance for inflation. For some developing businesses, there is
 an expectation that unit costs will decline as these businesses
 grow.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Taxes reflect assumptions for future premium taxes and
 other&#xA0;<font style="WHITE-SPACE: nowrap">non-income</font>&#xA0;related
 taxes. For income taxes, policy liabilities are adjusted only for
 temporary tax timing and permanent tax rate differences on the cash
 flows available to satisfy policy obligations.</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid; BORDER-LEFT: rgb(0,0,0) 1px solid" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-RIGHT: 2pt" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 The Company prices its products to cover the expected costs of
 servicing and maintaining them. In addition, the Company monitors
 expenses monthly, including comparisons of actual expenses to
 expense levels allowed for in pricing and valuation.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Maintenance expenses for 2017 were unfavourable
 (2016&#xA0;&#x2013;unfavourable) when compared to the
 Company&#x2019;s assumptions used in the computation of actuarial
 liabilities.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 The Company prices its products to cover the expected cost of
 taxes.</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-LEFT: 8pt; BORDER-LEFT: rgb(0,0,0) 1px solid" bgcolor="#E8EAE6" valign="top"><font color="#1F320C"><b>Policyholder&#xA0; dividends, experience rating
 refunds, and&#xA0; other adjustable policy elements</b></font></td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="top">The
 best estimate projections for policyholder dividends and experience
 rating refunds, and other adjustable elements of policy benefits
 are determined to be consistent with management&#x2019;s expectation
 of how these elements will be managed should experience emerge
 consistently with the best estimate assumptions used for mortality
 and morbidity, investment returns, rates of policy termination,
 operating expenses and taxes.</td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid; BORDER-LEFT: rgb(0,0,0) 1px solid" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-RIGHT: 2pt" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 The Company monitors policy experience and adjusts policy benefits
 and other adjustable elements to reflect this experience.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Policyholder dividends are reviewed annually for all businesses
 under a framework of Board-approved policyholder dividend
 policies.</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-LEFT: 8pt; BORDER-LEFT: rgb(0,0,0) 1px solid" bgcolor="#E8EAE6" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>Foreign</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>currency</b></font></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="top">
 Foreign currency risk results from a mismatch of the currency of
 liabilities and the currency of the assets designated to support
 these obligations. Where a currency mismatch exists, the assumed
 rate of return on the assets supporting the liabilities is reduced
 to reflect the potential for adverse movements in foreign exchange
 rates.</td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid; BORDER-LEFT: rgb(0,0,0) 1px solid" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-RIGHT: rgb(0,0,0) 1px solid; BORDER-BOTTOM: rgb(0,0,0) 1px solid; PADDING-RIGHT: 2pt" valign="top">The Company generally matches the currency of its
 assets with the currency of the liabilities they support, with the
 objective of mitigating the risk of loss arising from movements in
 currency exchange rates.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company&#x2019;s practice is to review actuarial assumptions on
 an annual basis as part of its review of methods and assumptions.
 Where changes are made to assumptions (refer to note 8(h)), the
 full impact is recognized in income immediately.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(e) Sensitivity of insurance contract
 liabilities to changes in&#xA0;<font style="WHITE-SPACE: nowrap">non-economic</font>&#xA0;assumptions</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The sensitivity of net income attributed to shareholders to changes
 in&#xA0;<font style="WHITE-SPACE: nowrap">non-economic</font>&#xA0;assumptions
 underlying insurance contract liabilities is shown below, assuming
 that there is a simultaneous change in the assumption across all
 business units.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 In practice, experience for each assumption will frequently vary by
 geographic market and business and assumption updates are made on a
 business/geographic specific basis. Actual results can differ
 materially from these estimates for a variety of reasons including
 the interaction among these factors when more than one changes;
 changes in actuarial and investment return and future investment
 activity assumptions; changes in business mix, effective tax rates
 and other market factors; and the general limitations of internal
 models.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Potential impact on net income attributed
 to shareholders arising from changes
 to&#xA0;<font style="WHITE-SPACE: nowrap">non-economic</font>&#xA0;assumptions<sup style="FONT-SIZE: 10px; VERTICAL-ALIGN: top">(1),(2)</sup></b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="79%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" rowspan="2">
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">Decrease in net income<br />
 attributable to shareholders</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Policy related assumptions</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 2% adverse change in future mortality rates<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3),(5)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Products where an increase in rates increases insurance contract
 liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(400</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(400</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Products where a decrease in rates increases insurance contract
 liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(400</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(500</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 5% adverse change in future morbidity rates<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(4),(5)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(3,900</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;(3,700</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 10% adverse change in future termination rates<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(5)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(2,000</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,900</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 5% increase in future expense levels</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(500</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(500</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 2px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">The sensitivities as at
 December&#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&#xA0;1, 2018.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">The participating policy funds are
 largely self-supporting and generate no material impact on net
 income attributed to shareholders as a result of changes
 in&#xA0;<font style="WHITE-SPACE: nowrap">non-economic</font>&#xA0;assumptions.
 Experience gains or losses would generally result in changes to
 future dividends, with no direct impact to shareholders.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">An increase in mortality rates will
 generally increase policy liabilities for life insurance contracts
 whereas a decrease in mortality rates will generally increase
 policy liabilities for policies with longevity risk such as payout
 annuities.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(4)</sup></td>
 <td valign="top" align="left">No amounts related to morbidity risk
 are included for policies where the policy liability provides only
 for claims costs expected over a short period, generally less than
 one year, such as Group Life and Health.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(5)</sup></td>
 <td valign="top" align="left">The impacts of the sensitivities on
 long-term care for morbidity, mortality and lapse are assumed to be
 moderated by partial offsets from the Company&#x2019;s ability to
 contractually raise premium rates in such events, subject to state
 regulatory approval.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(f) Provision for adverse deviation
 assumptions</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The assumptions made in establishing insurance contract liabilities
 reflect expected best estimates of future experience. To recognize
 the uncertainty in these best estimate assumptions, to allow for
 possible misestimation of and deterioration in experience and to
 provide a greater degree of assurance that the insurance contract
 liabilities are adequate to pay future benefits, the Appointed
 Actuary is required to include a margin in each assumption.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Margins are released into future earnings as the policy is released
 from risk. Margins for interest rate risk are included by testing a
 number of scenarios of future interest rates. The margin can be
 established by testing a limited number of scenarios, some of which
 are prescribed by the Canadian Actuarial Standards of Practice, and
 determining the liability based on the worst outcome.
 Alternatively, the margin can be set by testing many scenarios,
 which are developed according to actuarial guidance. Under this
 approach the liability would be the average of the outcomes above a
 percentile in the range prescribed by the Canadian Actuarial
 Standards of Practice.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Specific guidance is also provided for other risks such as market,
 credit, mortality and morbidity risks. For other risks which are
 not specifically addressed by the Canadian Institute of Actuaries,
 a range is provided of five per cent to 20&#xA0;per cent of the
 expected experience assumption. The Company uses assumptions within
 the permissible ranges, with the determination of the level set
 considering the risk profile of the business. On occasion, in
 specific circumstances for additional prudence, a margin may exceed
 the high end of the range, which is permissible under the Canadian
 Actuarial Standards of Practice. This additional margin would be
 released if the specific circumstances which led to it being
 established were to change.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Each margin is reviewed annually for continued appropriateness.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(g) Change in insurance contract
 liabilities</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The change in insurance contract liabilities was a result of the
 following business activities and changes in actuarial
 estimates.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="60%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Net&#xA0;actuarial<br />
 liabilities</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Other<br />
 insurance<br />
 contract<br />
 liabilities&#xA0;<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Net<br />
 insurance<br />
 contract<br />
 liabilities</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Reinsurance<br />
 assets</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Gross<br />
 insurance<br />
 contract<br />
 liabilities</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Balance, January&#xA0;1</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>251,738</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>10,815</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>262,553</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>34,952</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>297,505</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em">
 New policies<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(2)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,545</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,545</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>441</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,986</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em">
 Normal&#xA0;<font style="WHITE-SPACE: nowrap">in-force</font>&#xA0;movement<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(2)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>15,192</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>930</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16,122</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(3,097</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>13,025</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em">
 Changes in methods and assumptions<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(2)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>305</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(28</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>277</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>47</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>324</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Impact of U.S. Tax Reform<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(2),(3)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,246</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,246</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,246</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Increase due to decision to change the portfolio asset mix
 supporting legacy businesses<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(2),(4)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,340</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,340</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>43</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,383</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Impact of changes in foreign exchange rates</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(11,275</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(562</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(11,837</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2,027</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(13,864</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Balance, December&#xA0;31</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>263,091</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>11,155</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>274,246</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>30,359</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>304,605</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Net actuarial<br />
 liabilities</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Other<br />
 insurance<br />
 contract<br />
 liabilities&#xA0;<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Net<br />
 insurance<br />
 contract<br />
 liabilities</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Reinsurance<br />
 assets</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Gross<br />
 insurance<br />
 contract<br />
 liabilities</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Balance, January&#xA0;1</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">239,812</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">10,050</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">249,862</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">35,426</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">285,288</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em">
 New policies<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,617</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,617</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">294</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,911</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em">
 Normal&#xA0;<font style="WHITE-SPACE: nowrap">in-force</font>&#xA0;movement<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12,579</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,094</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,673</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(405</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,268</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em">
 Changes in methods and assumptions<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">709</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(54</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">655</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">699</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,354</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Impact of changes in foreign exchange rates</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(4,979</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(275</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(5,254</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(1,062</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(6,316</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Balance, December&#xA0;31</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;251,738</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;10,815</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;262,553</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;34,952</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;297,505</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Other insurance contract liabilities
 are comprised of benefits payable and provision for unreported
 claims and policyholder amounts on deposit.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">In 2017, the $20,023 increase
 reported as the change in insurance contract liabilities on the
 Consolidated Statements of Income primarily consists of changes due
 to normal&#xA0;<font style="WHITE-SPACE: nowrap">in-force</font>&#xA0;movement,
 new policies, changes in methods and assumptions, the impact of
 U.S. Tax Reform and the increase due to the decision to change the
 portfolio asset mix supporting legacy businesses. These five items
 in the gross insurance contract liabilities column of this table
 net to an increase of $20,964, of which $20,212 is included in the
 Consolidated Statements of Income increase in insurance contract
 liabilities and $752 is included in gross claims and benefits. The
 Consolidated Statements of Income change in insurance contract
 liabilities also includes the change in embedded derivatives
 associated with insurance contracts.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">The impact of U.S. Tax Reform, which
 includes the lowering of the U.S. corporate tax rate from 35% to
 21% and limits on the tax deductibility of reserves, resulted in a
 $2,246 pre-tax ($1,774 post-tax) increase in policy liabilities due
 to the impact of temporary tax timing and permanent tax rate
 differences on the cash flows available to satisfy policyholder
 obligations. The $472 deferred tax impact on this increase in
 policy liabilities, together with the impact of U.S. Tax Reform on
 the Company&#x2019;s deferred tax assets and liabilities is included
 in note 6.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(4)</sup></td>
 <td valign="top" align="left">The decision to reduce the allocation
 to ALDA in the portfolio asset mix supporting the Company&#x2019;s
 North American legacy businesses resulted in an increase in policy
 liabilities due to the impact on future expected investment income
 on assets supporting the policies.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(5)</sup></td>
 <td valign="top" align="left">In 2016, the $18,014 increase
 reported as the change in insurance contract liabilities on the
 Consolidated Statements of Income primarily consists of changes due
 to normal&#xA0;<font style="WHITE-SPACE: nowrap">in-force</font>&#xA0;movement,
 new policies and changes in methods and assumptions. These three
 items in the gross insurance contract liabilities column of this
 table net to an increase of $18,533, of which $17,529 is included
 in the Consolidated Statements of Income increase in insurance
 contract liabilities and $1,004 is included in gross claims and
 benefits. The Consolidated Statements of Income change in insurance
 contract liabilities also includes the change in embedded
 derivatives associated with insurance contracts.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(h) Actuarial methods and
 assumptions</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 A comprehensive review of valuation assumptions and methods is
 performed annually. The review is designed to reduce the
 Company&#x2019;s exposure to uncertainty by ensuring assumptions for
 both asset related and liability related risks remain appropriate.
 This is accomplished by monitoring experience and updating
 assumptions which represent a best estimate view of future
 experience, and margins that are appropriate for the risks assumed.
 While the assumptions selected represent the Company&#x2019;s
 current best estimates and assessment of risk, the ongoing
 monitoring of experience and the economic environment is likely to
 result in future changes to the valuation assumptions, which could
 be material.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Annual Review 2017</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The quantification of the impact of the 2017 comprehensive review
 of valuation methods and assumptions is as of July&#xA0;1, 2017 for
 all lines of business.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The 2017 full year review of actuarial methods and assumptions
 resulted in an increase in insurance and investment contract
 liabilities of $277, net of reinsurance, and a decrease in net
 income attributed to shareholders of
 $35&#xA0;<font style="WHITE-SPACE: nowrap">post-tax.</font>&#xA0;These
 charges exclude the impacts of the U.S. Tax Reform and reducing the
 allocation to ALDA in the Company&#x2019;s portfolio asset mix. The
 charge to net income in the fourth quarter of 2017 for these two
 items was $2.8&#xA0;billion, which primarily related to
 the&#xA0;<font style="WHITE-SPACE: nowrap">post-tax</font>&#xA0;change in
 policy liabilities. Refer to notes 6 and 8(g) for further
 details.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="62%"></td>
 <td valign="bottom" width="7%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Change&#xA0;in&#xA0;gross<br />
 insurance and<br />
 investment<br />
 contract&#xA0;liabilities</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Change&#xA0;in&#xA0;insurance<br />
 and investment<br />
 contract liabilities<br />
 net of reinsurance<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Change&#xA0;in&#xA0;net</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">income&#xA0;attributed<br />
 to shareholders</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><font style="WHITE-SPACE: nowrap">(post-tax)</font></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Mortality and morbidity updates</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"><b>$</b></td>
 <td valign="bottom" align="right"><b>(219</b></td>
 <td valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"><b>$</b></td>
 <td valign="bottom" align="right"><b>(254</b></td>
 <td valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"><b>$</b></td>
 <td valign="bottom" align="right"><b>299</b></td>
 <td valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Lapses and policyholder behaviour</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"><b>&#xA0;</b></td>
 <td valign="bottom" align="right"><b>1,057</b></td>
 <td valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"><b>&#xA0;</b></td>
 <td valign="bottom" align="right"><b>1,019</b></td>
 <td valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"><b>&#xA0;</b></td>
 <td valign="bottom" align="right"><b>(783</b></td>
 <td valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other updates</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 ALDA and public equity investment return assumptions</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"><b>&#xA0;</b></td>
 <td valign="bottom" align="right"><b>1,403</b></td>
 <td valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"><b>&#xA0;</b></td>
 <td valign="bottom" align="right"><b>1,296</b></td>
 <td valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"><b>&#xA0;</b></td>
 <td valign="bottom" align="right"><b>(892</b></td>
 <td valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Corporate spread assumptions</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"><b>&#xA0;</b></td>
 <td valign="bottom" align="right"><b>(554</b></td>
 <td valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"><b>&#xA0;</b></td>
 <td valign="bottom" align="right"><b>(515</b></td>
 <td valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"><b>&#xA0;</b></td>
 <td valign="bottom" align="right"><b>344</b></td>
 <td valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Refinements to liability and tax cash flows</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"><b>&#xA0;</b></td>
 <td valign="bottom" align="right"><b>(1,273</b></td>
 <td valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"><b>&#xA0;</b></td>
 <td valign="bottom" align="right"><b>(1,049</b></td>
 <td valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"><b>&#xA0;</b></td>
 <td valign="bottom" align="right"><b>696</b></td>
 <td valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"><b>(90</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"><b>(220</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"><b>301</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net impact</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"><b>&#xA0;&#xA0;&#xA0;&#xA0;324</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"><b>&#xA0;&#xA0;&#xA0;&#xA0;277</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"><b>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;(35)</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">The $277 increase in insurance and
 investment contract liabilities net of reinsurance, included an
 increase in net liabilities associated with participating insurance
 business resulting in a charge to net income attributed to
 participating policyholders of $88.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Mortality and morbidity
 updates</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Mortality and morbidity updates resulted in a $299 benefit to net
 income attributed to shareholders.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company completed a detailed review of the mortality
 assumptions for its U.S. life insurance business which resulted in
 a $384 charge to net income attributed to shareholders. Assumptions
 were increased, particularly at older ages, reflecting both
 industry and the Company&#x2019;s own experience.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Updates to actuarial standards related to future mortality
 improvement, and the review of mortality improvement assumptions
 globally, resulted in a $264 benefit to net income attributed to
 shareholders primarily in Canada and Asia. The updated actuarial
 standards include a diversification benefit for the determination
 of margins for adverse deviation which recognizes the offsetting
 impact of longevity and mortality risk.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company completed a detailed review of mortality assumptions
 for its Canadian retail insurance business which resulted in a $222
 benefit to net income attributed to shareholders.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Other updates to mortality and morbidity assumptions led to a $197
 benefit to net income attributed to shareholders. These updates
 included a reduction in the margins for adverse deviation applied
 to morbidity assumptions for certain medical insurance products in
 Japan.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Updates to lapses and policyholder
 behaviour</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Updates to lapses and policyholder behaviour assumptions resulted
 in a $783 charge to net income attributed to shareholders.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 In Canadian retail insurance, lapse assumptions were reduced for
 certain universal life products to reflect recent experience,
 leading to a $315 charge to net income attributed to
 shareholders.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 For Canadian segregated fund guaranteed minimum withdrawal benefit
 lapses, incidence and utilization assumptions were updated to
 reflect recent experience which led to a $242 charge to net income
 attributed to shareholders.</p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Other updates to lapse and policyholder behaviour assumptions were
 made across several product lines including a reduction in lapse
 assumptions for the Company&#x2019;s whole life insurance products
 in Japan, leading to a $226 charge to net income attributed to
 shareholders.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Other updates</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Other updates resulted in a $449 benefit to net income attributed
 to shareholders.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company reviewed its investment return assumptions for ALDA and
 public equities, which in aggregate led to a reduction in return
 assumptions and a $892 charge to net income attributed to
 shareholders. The Company also reviewed future corporate spread
 assumptions, which led to a $344 benefit to net income attributed
 to shareholders.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Refinements to the projection of the Company&#x2019;s liability and
 tax cash flows in the U.S. resulted in a $696 benefit to net income
 attributed to shareholders. These changes included refinements to
 the projection of policyholder crediting rates for certain
 universal life insurance products.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Other refinements resulted in a $301 benefit to net income
 attributed to shareholders. These changes included a review of
 provisions for reinsurance counterparty credit risk and several
 other refinements to the projection of both the Company&#x2019;s
 asset and liability cash flows.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Annual Review 2016</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The 2016 full year review of actuarial methods and assumptions
 resulted in an increase in insurance and investment contract
 liabilities of $655, net of reinsurance, and a decrease in net
 income attributed to shareholders of
 $453&#xA0;<font style="WHITE-SPACE: nowrap">post-tax.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="64%"></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Change&#xA0;in&#xA0;gross<br />
 insurance and<br />
 investment<br />
 contract&#xA0;liabilities</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Change&#xA0;in&#xA0;insurance<br />
 and investment<br />
 contract liabilities<br />
 net of reinsurance</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Change&#xA0;in&#xA0;net<br />
 income&#xA0;attributed<br />
 to shareholders</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><font style="WHITE-SPACE: nowrap">(post-tax)</font></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 JH Long-Term Care triennial review</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">696</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">696</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(452</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Mortality and morbidity updates</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(12</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(53</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">76</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Lapses and policyholder behaviour</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 U.S. Variable Annuities guaranteed minimum withdrawal benefit
 incidence and utilization</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,024</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,024</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">665</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other lapses and policyholder behaviour</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">516</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">431</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(356</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Economic reinvestment assumptions</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">459</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">443</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(313</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other updates</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">719</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">162</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(73</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net impact</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;&#xA0;&#xA0;1,354</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;&#xA0;&#xA0;655</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;&#xA0;&#xA0;(453</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Long-Term Care triennial
 review</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 U.S. Insurance completed a comprehensive Long-Term Care experience
 study. This included a review of mortality, morbidity and lapse
 experience, as well as the reserve
 for&#xA0;<font style="WHITE-SPACE: nowrap">in-force</font>&#xA0;rate
 increases filed as a result of the 2013 review. In addition, the
 Company implemented refinements to the modelling of future tax cash
 flows for long-term care. The net impact of the review was a $452
 charge to net income attributed to shareholders.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Expected future claims costs increased primarily due to claims
 periods being longer than expected in policy liabilities, and a
 reduction in lapse and mortality rates. This increase in expected
 future claims costs was partially offset by a number of items,
 including expected future premium increases resulting from this
 year&#x2019;s review and a decrease in the margin for adverse
 deviations related to the rate of inflation embedded in the
 Company&#x2019;s benefit utilization assumptions.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The review of premium increases assumed in policy liabilities
 resulted in a benefit to earnings of $1.0&#xA0;billion; this
 includes future premium increases that are due to the 2016 review
 of morbidity, mortality and lapse assumptions, and outstanding
 amounts from the Company&#x2019;s 2013 state filings. Premium
 increases averaging approximately 20&#xA0;per cent will be sought
 on the vast majority of the&#xA0;<font style="WHITE-SPACE: nowrap">in-force</font>&#xA0;business,
 excluding the carryover of 2013 amounts requested. The
 Company&#x2019;s assumptions reflect the estimated timing and amount
 of state approved premium increases. The actual experience
 obtaining price increases could be materially different than the
 Company has assumed, resulting in further increases or decreases in
 policy liabilities which could be material.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Mortality and morbidity
 updates</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Mortality and morbidity assumptions were updated across several
 business units to reflect recent experience, including updates to
 morbidity assumptions for certain medical insurance products in
 Japan, leading to a $76 benefit to net income attributed to
 shareholders.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Updates to lapses and policyholder
 behaviour</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 U.S. Variable Annuities guaranteed minimum withdrawal benefit
 incidence and utilization assumptions were updated to reflect
 recent experience which led to a $665 benefit to net income
 attributed to shareholders. The Company updated its incidence
 assumptions to reflect the favourable impact of policyholders
 taking withdrawals later than expected. This was partially offset
 by an increase in the Company&#x2019;s utilization assumptions.</p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 In Japan, lapse rates for term life insurance products were
 increased at certain durations which led to a $228 charge to net
 income attributed to shareholders. Other updates to lapse and
 policyholder behavior assumptions were made across several product
 lines, including term products in Canada, which led to a $128
 charge to net income attributed to shareholders.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Updates to economic reinvestment
 assumptions</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company updated economic reinvestment assumptions for risk free
 rates used in the valuation of policy liabilities which resulted in
 a $313 charge to net income attributed to shareholders. These
 updates included a proactive ten basis point reduction in the
 Company&#x2019;s ultimate reinvestment rate (&#x201C;URR&#x201D;)
 assumptions and a commensurate change in the calibration criteria
 for stochastic risk-free rates. These updates reflect the fact that
 interest rates are lower than they were when the current prescribed
 URR and calibration criteria for stochastic risk-free rates were
 promulgated by the Actuarial Standards Board (&#x201C;ASB&#x201D;) in
 2014. The ASB has indicated that it will update the promulgation
 periodically, when necessary. The Company expects the promulgation
 to be updated in 2017 and, if required, it will make further
 updates to its economic reinvestment assumptions at that time.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Other updates</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Other model refinements related to the projection of both asset and
 liability cash flows across several business units led to a $73
 charge to net income attributed to shareholders. This included a
 charge due to refinements to the Company&#x2019;s CALM models and
 assumptions offset by a benefit due to refinements to the modelling
 of future tax cash flows for certain assets in the U.S.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(i) Insurance contracts contractual
 obligations</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Insurance contracts give rise to obligations fixed by agreement. As
 at December&#xA0;31, 2017, the Company&#x2019;s contractual
 obligations and commitments relating to insurance contracts are as
 follows.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="59%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>Payments due by period</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Less than<br />
 1 year</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">1 to 3</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">years</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">3 to 5</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">years</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Over 5<br />
 years</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Insurance contract liabilities<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;9,788</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;11,236</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;17,153</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;703,877</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;742,054</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Insurance contract liability 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&#xA0;<font style="WHITE-SPACE: nowrap">in-force</font>&#xA0;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. Cash flows include
 embedded derivatives measured separately at fair value.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(j) Gross claims and
 benefits</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents a breakdown of gross claims and
 benefits.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="79%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Death, disability and other claims</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>14,871</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">13,819</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Maturity and surrender benefits</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,302</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,697</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Annuity payments</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,470</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,310</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Policyholder dividends and experience rating refunds</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,085</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,111</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net transfers from segregated funds</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,734</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(878</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;24,994</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;25,059</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <br class="Apple-interchange-newline" />

 </div><span></span>
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<div style="display: none;">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for insurance contracts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Section Disclosure<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=sect_Disclosure&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Text block1 [abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Investment Contract Liabilities<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TextBlock1Abstract', window );"><strong>Text block1 [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInvestmentContractsLiabilitiesExplanatory', window );">Investment Contract Liabilities</a></td>
<td class="text"><div>
 <p style="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#2A517F"><b>Note
 9&#xA0;&#xA0;&#xA0;&#xA0;Investment Contract
 Liabilities</b></font></font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Investment contract liabilities are
 contractual obligations that do not contain significant insurance
 risk. Those contracts are measured at either fair value or at
 amortized cost.</font></p>
 <p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>(a)
 Investment contract liabilities measured at fair
 value</b></font></font></p>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Investment contract liabilities
 measured at fair value include certain investment savings and
 pension products sold primarily in Hong&#xA0;Kong and China. The
 following table presents movement in investment contract
 liabilities measured at fair value during the year.</font></p>
 <p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center">
 <tr>
 <td width="80%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>2017</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">2016</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Balance, January&#xA0;1</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>631</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">785</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 New policies</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>50</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">53</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Changes in market conditions</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>76</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(103</td>
 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Redemptions, surrenders and maturities</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>(72</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(83</td>
 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Impact of changes in foreign exchange rates</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(46</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">(21</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Balance, December&#xA0;31</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;639</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">&#xA0;&#xA0;&#xA0;&#xA0;631</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 </tr>
 </table>
 <p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>(b)
 Investment contract liabilities measured at amortized
 cost</b></font></font></p>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Investment contract liabilities
 measured at amortized cost include several fixed annuity products
 sold in Canada and U.S. fixed annuity products that provide
 guaranteed income payments for a contractually determined period of
 time and are not contingent on survivorship.</font></p>
 <p style="font-size:1px;margin-top:6px;margin-bottom:0px">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Investment contract liabilities
 measured at amortized cost are shown below. The fair value
 associated with these contracts is also shown for comparative
 purposes.</font></p>
 <p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center">
 <tr>
 <td width="63%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="font-size:1pt">
 <td height="5"></td>
 <td height="5" colspan="8" bgcolor="#DDE0DA"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="8"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>2017</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td colspan="2" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c">2016</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right">Amortized</p>
 <p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" align="right">cost</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">Fair value</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td colspan="2" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right">Amortized</p>
 <p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" align="right">cost</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">Fair value</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 U.S. fixed annuity products</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>&#xA0;&#xA0;1,282</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>&#xA0;&#xA0;1,433</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;1,412</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;1,516</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Canadian fixed annuity products</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>1,205</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>1,354</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">1,232</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">1,389</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Investment contract liabilities</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>2,487</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>2,787</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">2,644</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">2,905</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 </tr>
 </table>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The changes in investment contract
 liabilities measured at amortized cost was a result of the
 following business activities.</font></p>
 <p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center">
 <tr>
 <td width="81%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="font-size:1pt">
 <td height="5"></td>
 <td height="5" colspan="4" bgcolor="#DDE0DA"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>2017</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">2016</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Balance, January&#xA0;1</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>&#xA0;&#xA0;2,644</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;2,712</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Policy deposits</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>68</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">112</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Interest</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>100</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">100</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Withdrawals</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>(232</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(235</td>
 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Fees</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>(1</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1</td>
 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Other</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>(1</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Impact of changes in foreign exchange rates</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(91</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">(45</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Balance, December&#xA0;31</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>2,487</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">2,644</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 </tr>
 </table>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Carrying value of fixed annuity
 products is amortized at a rate that exactly discounts the
 projected actual cash flows to the net carrying amount of the
 liability at the date of issue.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Fair value of fixed annuity
 products is determined by projecting cash flows according to the
 contract terms and discounting the cash flows at current market
 rates adjusted for the Company&#x2019;s own credit standing. All
 investment contracts were categorized in Level&#xA0;2 of the fair
 value hierarchy (2016&#xA0;&#x2013;&#xA0;Level 2).</font></p>
 <p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>(c)
 Investment contracts contractual obligations</b></font></font></p>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Investment contracts give rise to
 obligations fixed by agreement. As at December&#xA0;31, 2017, the
 Company&#x2019;s contractual obligations and commitments relating to
 investment contracts are as follows.</font></p>
 <p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" align="center">
 <tr>
 <td width="58%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 <font color="#1F320C"><b>Payments due by period</b></font></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" nowrap="nowrap" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">Less
 than<br />
 1 year</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right">1 to 3</p>
 <p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" align="right">years</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right">3 to 5</p>
 <p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" align="right">years</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">Over 5<br />
 years</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">Total</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Investment contract liabilities<sup style="font-size:85%; vertical-align:top">(1)</sup></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;283</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;536</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;481</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;3,944</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;5,244</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 </table>
 <p style="font-size:2pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%">
 <tr style="page-break-inside:avoid">
 <td width="1%" valign="top" align="left"><sup style="font-size:85%; vertical-align:top">(1)</sup></td>
 <td align="left" valign="top">Due to the nature of the products,
 the timing of net cash flows may be before contract maturity. Cash
 flows are undiscounted.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfInvestmentContractsLiabilitiesExplanatory">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of investment contracts liabilities. [Refer: Investment contracts liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6888150944">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Risk Management<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
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<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#2A517F"><b>Note 10&#xA0;&#xA0;&#xA0;&#xA0;Risk
 Management</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company&#x2019;s policies and procedures for managing risk
 related to financial instruments are presented in the &#x201C;Risk
 Management&#x201D; section of the Company&#x2019;s MD&amp;A for the
 year ended December&#xA0;31, 2017. Specifically, these disclosures
 are included in &#x201C;Market Risk&#x201D; and &#x201C;Liquidity
 Risk&#x201D; in that section. These disclosures are in accordance
 with IFRS 7 &#x201C;Financial Instruments: Disclosures&#x201D; and
 therefore, only the shaded text and tables in the &#x201C;Risk
 Management&#x201D; section form an integral part of these
 Consolidated Financial Statements.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(a) Credit risk</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Credit risk is the risk of loss due to inability or unwillingness
 of a borrower, or counterparty, to fulfill its payment obligations.
 Worsening regional and global economic conditions, segment or
 industry sector challenges, or company specific factors could
 result in defaults or downgrades and could lead to increased
 provisions or impairments related to the Company&#x2019;s general
 fund invested assets, derivative financial instruments and
 reinsurance assets and an increase in provisions for future credit
 impairments that are included in actuarial liabilities.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company&#x2019;s exposure to credit risk is managed through risk
 management policies and procedures which include a defined credit
 evaluation and adjudication process, delegated credit approval
 authorities and established exposure limits by borrower, corporate
 connection, credit rating, industry and geographic region. The
 Company measures derivative counterparty exposure as net potential
 credit exposure, which takes into
 consideration&#xA0;<font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">mark-to-market</font></font>&#xA0;values
 of all transactions with each counterparty, net of any collateral
 held, and an allowance to reflect future potential exposure.
 Reinsurance counterparty exposure is measured reflecting the level
 of ceded liabilities.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company also ensures where warranted, that mortgages, private
 placements and loans to Bank clients are secured by collateral, the
 nature of which depends on the credit risk of the counterparty.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 An allowance for losses on loans is established when a loan becomes
 impaired. Allowances for loan losses are calculated to reduce the
 carrying value of the loans to estimated net realizable value. The
 establishment of such allowances takes into consideration normal
 historical credit loss levels and future expectations, with an
 allowance for adverse deviations. In addition, policy liabilities
 include general provisions for credit losses from future asset
 impairments. Impairments are identified through regular monitoring
 of all credit related exposures, considering such information as
 general market conditions, industry and borrower specific credit
 events and any other relevant trends or conditions. Allowances for
 losses on reinsurance contracts are established when a reinsurance
 counterparty becomes unable or unwilling to fulfill its contractual
 obligations. The allowance for loss is based on current recoverable
 amounts and ceded policy liabilities.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Credit risk associated with derivative counterparties is discussed
 in note 10(d) and credit risk associated with reinsurance
 counterparties is discussed in note 10(i).</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Credit exposure</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents the gross carrying amount of financial
 instruments subject to credit exposure, without considering any
 collateral held or other credit enhancements.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="80%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Debt securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 FVTPL</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;147,024</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;140,890</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 AFS</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>26,976</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">27,732</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Mortgages</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>44,742</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">44,193</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Private placements</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>32,132</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">29,729</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Policy loans</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,808</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,041</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Loans to Bank clients</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,737</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,745</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Derivative assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>15,569</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">23,672</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Accrued investment income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,182</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,260</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Reinsurance assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>30,359</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">34,952</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other financial assets</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>5,253</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">4,844</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;311,782</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;316,058</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Credit quality</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Credit quality of commercial mortgages and private placements is
 assessed at least annually by using an internal rating based on
 regular monitoring of credit-related exposures, considering both
 qualitative and quantitative factors.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 A provision is recorded when the internal risk ratings indicate
 that a loss represents the most likely outcome. The assets are
 designated as&#xA0;<font style="WHITE-SPACE: nowrap">non-accrual</font>&#xA0;and an
 allowance is established based on an analysis of the security and
 repayment sources.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents the credit quality and carrying value
 of commercial mortgages and private placements.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="47%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">AAA</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">AA</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">A</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">BBB</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">BB</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 B&#xA0;and&#xA0;lower</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Commercial mortgages</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Retail</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>110</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,517</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,363</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,050</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>44</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>57</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>8,141</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Office</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>57</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,272</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,635</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,647</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>70</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>28</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,709</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Multi-family residential</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>523</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,395</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,805</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>726</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,449</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Industrial</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>33</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>386</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,542</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>477</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>145</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,583</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>362</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>331</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,012</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>973</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>14</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,692</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total commercial mortgages</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,085</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,901</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>13,357</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>5,873</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>273</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>85</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>25,574</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Agricultural mortgages</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>159</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>405</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>25</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>589</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Private placements</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,038</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,246</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>11,978</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>13,160</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>717</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>993</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>32,132</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;2,123</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;9,306</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;25,335</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;19,438</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;1,015</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;1,078</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;58,295</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">AAA</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">AA</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">A</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">BBB</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">BB</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">B and lower</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Commercial mortgages</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Retail</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">97</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">1,620</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">4,391</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">2,084</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">7</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">8,199</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Office</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">68</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,255</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,972</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,938</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">55</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">36</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">7,324</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Multi-family residential</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">656</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,362</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,944</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">844</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,806</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Industrial</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">22</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">360</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,452</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">831</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">169</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,834</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">428</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">261</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,323</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">493</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">60</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2,565</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total commercial mortgages</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,271</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">4,858</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">13,082</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">6,190</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">284</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">43</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">25,728</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Agricultural mortgages</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">151</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">61</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">469</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">141</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">822</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Private placements</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,086</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">4,466</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">10,671</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">11,606</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">936</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">964</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">29,729</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">2,357</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">9,475</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">23,814</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">18,265</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">1,361</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">1,007</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">56,279</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Credit quality of residential mortgages and loans to Bank clients
 is assessed at least annually with the loan being performing
 or&#xA0;<font style="WHITE-SPACE: nowrap">non-performing</font>&#xA0;as
 the key credit quality indicator.</p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Full or partial write-offs of loans are recorded when management
 believes that there is no realistic prospect of full recovery.
 Write-offs, net of recoveries, are deducted from the allowance for
 credit losses. All impairments are captured in the allowance for
 credit losses.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents the carrying value of residential
 mortgages and loans to Bank clients.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="54%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="12"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="12"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10" align="center">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="10" align="center">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Insured</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Uninsured</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">Insured</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">Uninsured</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Residential mortgages</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Performing</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;7,256</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;11,310</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;18,566</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">7,574</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">10,050</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">17,624</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 <font style="WHITE-SPACE: nowrap">Non-performing</font><sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>4</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>9</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>13</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">19</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Loans to Bank clients</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Performing</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>n/a</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,734</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,734</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">n/a</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,743</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,743</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 <font style="WHITE-SPACE: nowrap">Non-performing</font><sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>n/a</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">n/a</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>7,260</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>13,056</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>20,316</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">7,580</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">11,808</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">19,388</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left"><font style="WHITE-SPACE: nowrap">Non-performing</font>&#xA0;refers
 to assets that are 90 days or more past due if uninsured and 365
 days or more if insured.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The carrying value of government-insured mortgages was 17% of the
 total mortgage portfolio as at December&#xA0;31, 2017
 (2016&#xA0;&#x2013;19%). The majority of these insured mortgages are
 residential loans as classified in the table above.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Past due or credit impaired financial
 assets</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company provides for credit risk by establishing allowances
 against the carrying value of impaired loans and recognizing
 impairment losses on AFS debt securities. In addition, the Company
 reports as impairment certain declines in the fair value of debt
 securities designated as FVTPL which it deems represent an
 impairment.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents the carrying value of past due but not
 impaired and impaired financial assets.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="73%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10" align="center">Past due but not
 impaired</td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Less&#xA0;than<br />
 90 days</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 90&#xA0;days<br />
 and&#xA0;greater</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Total<br />
 impaired</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Debt securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 FVTPL</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>45</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 AFS</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>104</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>106</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em">
 Private placements</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>363</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>363</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>40</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em">
 Mortgages and loans to Bank clients</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>76</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>16</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>92</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>86</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other financial assets</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>46</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>26</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>72</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;589</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;44</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;633</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;173</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="12"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="bottom" colspan="10" align="center">Past due but not impaired</td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Less than<br />
 90 days</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">90 days<br />
 and greater</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Total<br />
 impaired</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Debt securities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 FVTPL</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">90</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">90</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">38</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 AFS</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">16</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">9</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">25</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Private placements</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">215</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">64</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">279</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">152</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Mortgages and loans to Bank clients</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">50</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">20</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">70</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">33</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other financial assets</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">57</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">54</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">111</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">8</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">428</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">147</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">575</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">231</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table summarizes the Company&#x2019;s loans that are
 considered impaired.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="75%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Gross<br />
 carrying<br />
 value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Allowances<br />
 for losses</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Net&#xA0;carrying<br />
 value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em">
 Private placements</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>79</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>39</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>40</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Mortgages and loans to Bank clients</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>132</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>46</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>86</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;211</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;85</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;126</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Gross<br />
 carrying<br />
 value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Allowances<br />
 for losses</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Net<br />
 carrying<br />
 value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Private placements</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">244</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">92</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">152</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Mortgages and loans to Bank clients</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">59</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">26</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">33</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">303</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">118</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">185</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Allowance for loan losses</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="45%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="12"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="12"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10" align="center">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="10" align="center">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;<br /></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Private<br />
 placements</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;<br />
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;<br />
 <br /></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Mortgages<br />
 and&#xA0;loans&#xA0;to<br />
 Bank&#xA0;clients</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;<br />
 &#xA0;<br />
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;<br /></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">Private<br />
 placements</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;<br />
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;<br />
 <br /></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">Mortgages<br />
 and&#xA0;loans&#xA0;to<br />
 Bank&#xA0;clients</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;<br />
 &#xA0;<br />
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Balance, January&#xA0;1</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>92</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>26</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>118</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">72</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">29</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">101</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Provisions</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>33</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>35</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">112</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">14</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">126</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Recoveries</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(12</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(13</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(62</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(7</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(69</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Write-offs<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(43</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(12</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(55</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(30</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(10</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(40</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Balance, December&#xA0;31</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;39</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;46</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>85</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;92</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;26</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;118</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Includes disposals and impact of
 changes in foreign exchange rates.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(b) Securities lending, repurchase and
 reverse repurchase transactions</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company engages in securities lending to generate fee income.
 Collateral exceeding the market value of the loaned securities is
 retained by the Company until the underlying security has been
 returned to the Company. The market value of the loaned securities
 is monitored on a daily basis and additional collateral is obtained
 or refunded as the market value of the underlying loaned securities
 fluctuates. As at December&#xA0;31, 2017, the Company had loaned
 securities (which are included in invested assets) with a market
 value of $1,563 (2016&#xA0;&#x2013;&#xA0;$1,956). The Company holds
 collateral with a current market value that exceeds the value of
 securities lent in all cases.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company engages in reverse repurchase transactions to generate
 fee income, to take possession of securities to cover short
 positions in similar instruments and to meet short-term funding
 requirements. As at December&#xA0;31, 2017, the Company had engaged
 in reverse repurchase transactions of $230
 (2016&#xA0;&#x2013;&#xA0;$250) which are recorded as short-term
 receivables. In addition, the Company had engaged in repurchase
 transactions of $228 as at December&#xA0;31, 2017
 (2016&#xA0;&#x2013;&#xA0;$255) which are recorded as payables.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(c) Credit default swaps</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company replicates exposure to specific issuers by selling
 credit protection via credit default swaps (&#x201C;CDSs&#x201D;) to
 complement its cash debt securities investing. The Company does not
 write CDS protection in excess of its government bond holdings. A
 CDS is a derivative instrument representing an agreement between
 two parties to exchange the credit risk of a single specified
 entity or an index based on the credit risk of a group of entities
 (all commonly referred to as the &#x201C;reference entity&#x201D; or
 a portfolio of &#x201C;reference entities&#x201D;), in return for a
 periodic premium. CDS contracts typically have a five-year
 term.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents details of the credit default swap
 protection sold by type of contract and external agency rating for
 the underlying reference security.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="74%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Notional<br />
 amount<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Fair value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Weighted<br />
 average<br />
 maturity</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(in&#xA0;years)<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Single name CDSs<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Corporate debt</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 AAA</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>13</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 AA</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>35</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 A</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>408</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>10</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 BBB</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>150</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total single name CDSs</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>606</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>14</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total CDS protection sold</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;606</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;14</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="13"></td>
 <td height="13" colspan="4"></td>
 <td height="13" colspan="4"></td>
 <td height="13" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Notional<br />
 amount<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Fair value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Weighted<br />
 average<br />
 maturity</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(in&#xA0;years)<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Single name CDSs<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Corporate debt</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 AAA</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">13</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 AA</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">37</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 A</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">457</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 BBB</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">155</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">4</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">3</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total single name CDSs</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">662</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">18</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">4</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total CDS protection sold</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">662</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">18</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">4</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Rating agency designations are based
 on S&amp;P where available followed by Moody&#x2019;s, DBRS, and
 Fitch. If no rating is available from a rating agency, an
 internally developed rating is used.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)&#xA0;</sup></td>
 <td valign="top" align="left">Notional amounts represent the
 maximum future payments the Company would have to pay its
 counterparties assuming a default of the underlying credit and zero
 recovery on the underlying issuer obligation.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)&#xA0;</sup></td>
 <td valign="top" align="left">The weighted average maturity of the
 CDS is weighted based on notional amounts.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company held no purchased credit protection as at
 December&#xA0;31, 2017 and 2016.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(d) Derivatives</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company&#x2019;s&#xA0;<font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">point-in-time</font></font>&#xA0;exposure
 to losses related to credit risk of a derivative counterparty is
 limited to the amount of any net gains that may have accrued with a
 particular counterparty. Gross derivative counterparty exposure is
 measured as the total fair value (including accrued interest) of
 all outstanding contracts in a gain position excluding any
 offsetting contracts in a loss position and the impact of
 collateral on hand. The Company limits the risk of credit losses
 from derivative counterparties by: using investment grade
 counterparties; entering into master netting arrangements which
 permit the offsetting of contracts in a loss position in the case
 of a counterparty default; and entering into Credit Support Annex
 agreements, whereby collateral must be provided when the exposure
 exceeds a certain threshold. All contracts are held with
 counterparties rated&#xA0;<font style="WHITE-SPACE: nowrap">BBB-</font>&#xA0;or higher. As
 at December&#xA0;31, 2017, the percentage of the Company&#x2019;s
 derivative exposure with counterparties
 rated&#xA0;<font style="WHITE-SPACE: nowrap">AA-</font>&#xA0;or higher was
 20&#xA0;per cent (2016&#xA0;&#x2013;&#xA0;22 per cent). The
 Company&#x2019;s exposure to credit risk was mitigated by $10,138
 fair value of collateral held as security as at December&#xA0;31,
 2017 (2016&#xA0;&#x2013;&#xA0;$12,781).</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 As at December&#xA0;31, 2017, the largest single counterparty
 exposure, without considering the impact of master netting
 agreements or the benefit of collateral held, was $2,629
 (2016&#xA0;&#x2013;&#xA0;$3,891). The net exposure to this
 counterparty, after considering master netting agreements and the
 fair value of collateral held, was $nil
 (2016&#xA0;&#x2013;&#xA0;$nil). As at December&#xA0;31, 2017, the
 total maximum credit exposure related to derivatives across all
 counterparties, without considering the impact of master netting
 agreements and the benefit of collateral held, was $16,204
 (2016&#xA0;&#x2013;&#xA0;$24,603).</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(e) Offsetting financial assets and
 financial liabilities</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Certain derivatives, securities lent and repurchase agreements have
 conditional offset rights. The Company does not offset these
 financial instruments in the Consolidated Statements of Financial
 Position, as the rights of offset are conditional.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 In the case of derivatives, collateral is collected from and
 pledged to counterparties and clearing houses to manage credit risk
 exposure in accordance with Credit Support Annexes to swap
 agreements and clearing agreements. Under master netting
 agreements, the Company has a right of offset in the event of
 default, insolvency, bankruptcy or other early termination.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 In the case of reverse repurchase and repurchase transactions,
 additional collateral may be collected from or pledged to
 counterparties to manage credit exposure according to bilateral
 reverse repurchase or repurchase agreements. In the event of
 default by a counterparty, the Company is entitled to liquidate the
 collateral held to offset against the same counterparty&#x2019;s
 obligation.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents the effect of conditional master
 netting and similar arrangements. Similar arrangements may include
 global master repurchase agreements, global master securities
 lending agreements, and any related rights to financial
 collateral.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="46%"></td>
 <td valign="bottom" width="7%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center">
 Related&#xA0;amounts&#xA0;not&#xA0;set&#xA0;off&#xA0;in&#xA0;the<br />

 Consolidated Statements of<br />
 Financial Position</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Gross amounts
 of<br />
 financial&#xA0;instruments<br />
 presented in the<br />
 Consolidated<br />
 Statements of<br />
 Financial Position<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Amounts&#xA0;subject&#xA0;to<br />
 an enforceable<br />
 master netting<br />
 arrangement or<br />
 similar agreements</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Financial
 and<br />
 cash&#xA0;collateral<br />
 pledged<br />
 (received)<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Net amount<br />
 including<br />
 financing&#xA0;trusts<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Net&#xA0;amounts<br />
 excluding<br />
 financing<br />
 trusts</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Financial assets</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Derivative assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16,204</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(6,714</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(9,395</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>95</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>95</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Securities lending</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,563</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,563</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Reverse repurchase agreements</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>230</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(46</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(184</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total financial assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>17,997</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(6,760</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(11,142</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>95</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>95</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Financial liabilities</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Derivative liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(8,649</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,714</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,718</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(217</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(30</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Repurchase agreements</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(228</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>46</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>182</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total financial liabilities</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(8,877</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6,760</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,900</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(217</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;(30</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">Related amounts not set off in the<br />
 Consolidated Statements of<br />
 Financial Position</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Gross amounts of<br />
 financial instruments<br />
 presented in the<br />
 Consolidated<br />
 Statements of<br />
 Financial Position<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Amounts subject to<br />
 an enforceable<br />
 master netting<br />
 arrangement or<br />
 similar agreements</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Financial and<br />
 cash collateral<br />
 pledged<br />
 (received)<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Net amount<br />
 including<br />
 financing<br />
 trusts<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Net amounts<br />
 excluding<br />
 financing<br />
 trusts</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Financial assets</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Derivative assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">24,603</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(12,031</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(12,382</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">190</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">189</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Securities lending</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,956</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,956</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Reverse repurchase agreements</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">250</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(250</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total financial assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">26,809</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(12,031</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(14,588</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">190</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;189</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Financial liabilities</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Derivative liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(15,095</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">12,031</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">2,800</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;(264</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(42</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Repurchase agreements</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(255</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">255</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total financial liabilities</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(15,350)</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">12,031</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">3,055</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(264</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(42</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Financial assets and liabilities
 include accrued interest of $638 and $827, respectively (2016
 &#x2013; $935 and $944, respectively).</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">Financial and cash collateral exclude
 over-collateralization. As at December&#xA0;31, 2017, the Company
 was over-collateralized on OTC derivative assets, OTC derivative
 liabilities, securities lending and reverse purchase agreements and
 repurchase agreements in the amounts of $743, $382, $79 and $nil,
 respectively (2016 &#x2013; $398, $494, $107 and $1, respectively).
 As at December&#xA0;31, 2017, collateral pledged (received) does
 not include&#xA0;<font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">collateral-in-transit</font></font>&#xA0;on
 OTC instruments or initial margin on exchange traded contracts or
 cleared contracts.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">Includes derivative contracts entered
 between the Company and its financing trusts which it does not
 consolidate. The Company does not exchange collateral on derivative
 contracts entered with these trusts. Refer to note&#xA0;17.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Certain of the Company&#x2019;s credit linked note assets and
 variable surplus note liabilities have unconditional offset rights.
 Under netting agreements, the Company has rights of offset
 including in the event of the Company&#x2019;s default, insolvency,
 or bankruptcy. These financial instruments are offset in the
 Company&#x2019;s Consolidated Statements of Financial Position.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 A credit linked note is a security that allows the issuer to
 transfer a specific credit risk to the buyer. A surplus note is a
 subordinated debt obligation that often qualifies as surplus (the
 U.S. statutory equivalent of equity) by some U.S. state insurance
 regulators. Interest payments on surplus notes are made after all
 other contractual payments are made. The following table presents
 the effect of unconditional netting.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="57%"></td>
 <td valign="bottom" width="12%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="11%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="6%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom" colspan="2" align="right">Gross amounts
 of<br />
 financial&#xA0;instruments</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom" colspan="2" align="right">Amounts subject
 to<br />
 an enforceable<br />
 netting&#xA0;arrangement</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom" colspan="2" align="right">Net amounts
 of<br />
 financial&#xA0;instruments<br />
 presented in the<br />
 Consolidated<br />
 Statements of<br />
 Financial Position</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Credit linked note<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td bgcolor="#DBDED8" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DBDED8" valign="bottom"><b>$</b></td>
 <td bgcolor="#DBDED8" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;461</b></td>
 <td bgcolor="#DBDED8" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DBDED8" valign="bottom">&#xA0;</td>
 <td bgcolor="#DBDED8" valign="bottom"><b>$</b></td>
 <td bgcolor="#DBDED8" valign="bottom" align="right">
 <b>(461</b></td>
 <td bgcolor="#DBDED8" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DBDED8" valign="bottom">&#xA0;</td>
 <td bgcolor="#DBDED8" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DBDED8" valign="bottom" nowrap="nowrap" align="right"><b>&#xA0;&#xA0;&#xA0;&#x2013;</b></td>
 <td bgcolor="#DBDED8" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Variable surplus note</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom" align="right"><b>(461</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;461</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DBDED8" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">In 2017, the Company entered into a
 twenty-year financing facility with a third party, agreeing to
 issue variable surplus notes in exchange for an equal amount of
 credit linked notes. These notes are held to support John Hancock
 Life Insurance Company (USA) (&#x201C;JHUSA&#x201D;) excess reserves
 under U.S. National Association of Insurance Commissioners&#x2019;
 Model Regulation&#xA0;XXX. In certain scenarios, the credit linked
 note will be drawn upon by the Company which will issue fixed
 surplus notes equal to the draw payment received. The third party
 has agreed to fund any such payment under the credit-linked notes
 in return for a fee. As at December&#xA0;31, 2017, the Company had
 no fixed surplus notes outstanding.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(f) Risk concentrations</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company defines enterprise-wide investment portfolio level
 targets and limits to ensure that portfolios are diversified across
 asset classes and individual investment risks. The Company monitors
 actual investment positions and risk exposures for concentration
 risk and reports its findings to the Executive Risk Committee and
 the Risk Committee of the Board of Directors.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="79%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Debt securities and private placements rated as investment grade
 BBB or higher<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>98%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">97%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Government debt securities as a per cent of total debt
 securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>39%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">43%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Government private placements as a per cent of total private
 placements</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>10%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Highest exposure to a single&#xA0;<font style="WHITE-SPACE: nowrap">non-government</font>&#xA0;debt
 security and private placement issuer</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,044</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">1,010</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Largest single issuer as a per cent of the total equity
 portfolio</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Income producing commercial office properties
 (2017&#xA0;&#x2013;&#xA0;64% of real estate,
 2016&#xA0;&#x2013;&#xA0;65%)</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>8,836</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">9,200</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Largest concentration of mortgages and real estate<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(2)</sup>&#xA0;&#x2013;&#xA0;Ontario
 Canada (2017&#xA0;&#x2013;&#xA0;25%, 2016&#xA0;&#x2013;&#xA0;24%)</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;14,779</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;13,882</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Investment grade debt securities and
 private placements include 42% rated A, 16% rated AA and 17% rated
 AAA (2016 &#x2013; 41%, 14% and 21%) investments based on external
 ratings where available.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">Mortgages and real estate are
 diversified geographically and by property type.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents debt securities and private placements
 portfolio by sector and industry.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="63%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="8"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="8"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Carrying&#xA0;value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 %&#xA0;of&#xA0;total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Carrying&#xA0;value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">%&#xA0;of&#xA0;total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Government and agency</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>71,888</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>35</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">76,020</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">38</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Utilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>40,568</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>20</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">37,561</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">19</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Financial</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>27,923</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>13</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">25,027</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Energy</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16,428</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>8</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">15,775</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">8</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Industrial</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>14,691</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>7</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,088</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Consumer&#xA0;<font style="WHITE-SPACE: nowrap">(non-cyclical)</font></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>14,009</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>7</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12,440</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Consumer (cyclical)</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,916</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,256</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Securitized</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,577</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,514</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Telecommunications</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,324</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,091</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Basic materials</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,248</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,387</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Technology</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,475</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,231</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Media and internet</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,136</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,175</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Diversified and miscellaneous</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>949</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">786</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;206,132</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>100</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;198,351</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">100</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(g) Insurance risk</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Insurance risk is the risk of loss due to actual experience for
 mortality and morbidity claims, policyholder behaviour and expenses
 emerging differently than assumed when a product was designed and
 priced. A variety of assumptions are made related to these
 experience factors, for reinsurance costs, and for sales levels
 when products are designed and priced, as well as in the
 determination of policy liabilities. Assumptions for future claims
 are generally based on both Company and industry experience, and
 assumptions for future policyholder behaviour and expenses are
 generally based on Company experience. Such assumptions require
 significant professional judgment, and actual experience may be
 materially different than the assumptions made by the Company.
 Claims may be impacted unexpectedly by changes in the prevalence of
 diseases or illnesses, medical and technology advances, widespread
 lifestyle changes, natural disasters,
 large-scale&#xA0;<font style="WHITE-SPACE: nowrap">man-made</font>&#xA0;disasters
 and acts of terrorism. Policyholder behaviour including premium
 payment patterns, policy renewals, lapse rates and withdrawal and
 surrender activity are influenced by many factors including market
 and general economic conditions, and the availability and relative
 attractiveness of other products in the marketplace. Some
 reinsurance rates are not guaranteed and may be changed
 unexpectedly. Adjustments the Company seeks to make
 to&#xA0;<font style="WHITE-SPACE: nowrap">Non-Guaranteed</font>&#xA0;elements
 to reflect changing experience factors may be challenged by
 regulatory or legal action and the Company may be unable to
 implement them, or may face delays in implementation.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company manages insurance risk through global policies,
 standards and best practices with respect to product design,
 pricing, underwriting and claim adjudication, and a global
 underwriting manual. Each business unit establishes underwriting
 policies and procedures, including criteria for approval of risks
 and claims adjudication policies and procedures. The current global
 life retention limit is US$30 for individual policies (US$35 for
 survivorship life policies) and is shared across businesses. Lower
 limits are applied in some markets and jurisdictions. The Company
 aims to further reduce exposure to claims concentrations by
 applying geographical aggregate retention limits for certain
 covers. Enterprise-wide, the Company aims to reduce the likelihood
 of high aggregate claims by operating globally, insuring a wide
 range of unrelated risk events, and reinsuring some risk.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(h) Concentration risk</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The geographic concentration of the Company&#x2019;s insurance and
 investment contract liabilities, including embedded derivatives, is
 shown below. The disclosure is based on the countries in which the
 business is written.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="69%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Gross
 liabilities</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Reinsurance<br />
 assets</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Net
 liabilities</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 U.S. and Canada</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>237,434</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(30,225</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>207,209</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Asia and Other</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>70,521</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(134</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>70,387</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;307,955</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(30,359</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;277,596</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Gross liabilities</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Reinsurance<br />
 assets</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Net liabilities</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 U.S. and Canada</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">238,796</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(34,987</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">203,809</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Asia and Other</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">62,322</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">35</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">62,357</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">301,118</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(34,952</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">266,166</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(i) Reinsurance risk</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 In the normal course of business, the Company limits the amount of
 loss on any one policy by reinsuring certain levels of risk with
 other insurers. In addition, the Company accepts reinsurance from
 other reinsurers. Reinsurance ceded does not discharge the
 Company&#x2019;s liability as the primary insurer. Failure of
 reinsurers to honour their obligations could result in losses to
 the Company; consequently, allowances are established for amounts
 deemed uncollectible. To minimize losses from reinsurer insolvency,
 the Company monitors the concentration of credit risk both
 geographically and with any one reinsurer. In addition, the Company
 selects reinsurers with high credit ratings.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 As at December&#xA0;31, 2017, the Company had $30,359
 (2016&#xA0;&#x2013;&#xA0;$34,952) of reinsurance assets. Of this,
 92&#xA0;per cent (2016&#xA0;&#x2013;&#xA0;92&#xA0;per cent) were
 ceded to reinsurers with Standard and Poor&#x2019;s ratings
 of&#xA0;<font style="WHITE-SPACE: nowrap">A-</font>&#xA0;or above. The
 Company&#x2019;s exposure to credit risk was mitigated by $13,855
 fair value of collateral held as security as at December&#xA0;31,
 2017 (2016&#xA0;&#x2013;&#xA0;$16,600). Net exposure after
 considering offsetting agreements and the benefit of the fair value
 of collateral held was $16,504 as at December&#xA0;31, 2017
 (2016&#xA0;&#x2013;&#xA0;$18,352).</p>


 </div><span></span>
</td>
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<div style="display: none;">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of the entity's financial risk management practices and policies.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6887768080">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Long-Term Debt<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
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<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#2A517F"><b>Note
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(a)
 Carrying value of long-term debt instruments</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
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 <td width="46%"></td>
 <td valign="bottom"></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
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 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td height="5" colspan="2"></td>
 <td height="5" colspan="2"></td>
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 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">Issue
 date</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 Maturity date</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Par value</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 4.70% Senior notes<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1),(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">June&#xA0;23, 2016</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">June&#xA0;23, 2046</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">US$&#xA0;&#xA0;1,000</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,246</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">1,333</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 5.375% Senior notes<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2),(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">March&#xA0;4, 2016</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">March&#xA0;4, 2046</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">
 US$&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;750</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>928</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">994</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 3.527% Senior notes<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2),(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">December&#xA0;2, 2016</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">December&#xA0;2, 2026</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">
 US$&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;270</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>338</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">361</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 4.150% Senior notes<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2),(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">March&#xA0;4, 2016</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">March&#xA0;4, 2026</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">US$&#xA0;&#xA0;1,000</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,246</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,333</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 4.90% Senior notes<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2),(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">September&#xA0;17,&#xA0;2010</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">September&#xA0;17,&#xA0;2020</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">
 US$&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;500</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>626</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">669</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 7.768% Medium-term notes<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">April&#xA0;8, 2009</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">April&#xA0;8, 2019</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">
 $&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;600</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">599</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 5.505% Medium-term notes<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">June&#xA0;26, 2008</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">June&#xA0;26, 2018</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">
 $&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;400</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>400</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">400</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other notes payable<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 n/a</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 n/a</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">n/a</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">7</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;4,785</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;5,696</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">MFC may redeem the notes in whole,
 but not in part, on June&#xA0;23, 2021 and thereafter on every
 June&#xA0;23, at a redemption price equal to par, together with
 accrued and unpaid interest.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">MFC may redeem the senior notes in
 whole or in part, at any time, at a redemption price equal to the
 greater of par and a price based on the yield of a corresponding
 U.S. Treasury bond plus a specified number of basis points. The
 specified number of basis points is as follows: 5.375% &#x2013; 40
 bps, 3.527% &#x2013; 20 bps, 4.150% &#x2013; 35 bps, and 4.90%
 &#x2013; 35 bps.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">These U.S. dollar senior notes have
 been designated as hedges of the Company&#x2019;s net investment in
 its U.S. operations which reduces the earnings volatility that
 would otherwise arise from the <font style="WHITE-SPACE: nowrap">re-measurement</font> of these senior notes
 into Canadian dollars.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></td>
 <td valign="top" align="left">On October&#xA0;6, 2017, MFC
 redeemed, prior to maturity, all of its outstanding 7.768% medium
 term notes due April&#xA0;8, 2019. The early redemption premium of
 $44 before income taxes was recorded as interest expense.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></td>
 <td valign="top" align="left">MFC may redeem the medium-term notes
 in whole or in part, at any time, at a redemption price equal to
 the greater of par and a price based on the yield of a
 corresponding Government of Canada bond plus 39 basis points.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></td>
 <td valign="top" align="left">Other notes payable were
 substantially repaid during the year.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The cash amount of interest paid
 on long-term debt during the year ended December&#xA0;31, 2017 was
 $324 (2016&#xA0;&#x2013;&#xA0;$191). Issue costs are amortized over
 the term of the debt.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(b) Fair
 value measurement</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Fair value of a long-term debt
 instrument is determined using quoted market prices where available
 (Level 1). When quoted market prices are not available, fair value
 is determined with reference to quoted prices of a debt instrument
 with similar characteristics or estimated using discounted cash
 flows using observable market rates (Level 2).</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Long-term debt is measured at
 amortized cost in the Consolidated Statements of Financial
 Position. Fair value of long-term debt as at December&#xA0;31, 2017
 was $5,187 (2016&#xA0;&#x2013;&#xA0;$6,100). Long-term debt was
 categorized in Level&#xA0;2 of the fair value hierarchy
 (2016&#xA0;&#x2013;&#xA0;Level&#xA0;2).</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(c)
 Aggregate maturities of long-term debt</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="78%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Less than one year</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>401</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">7</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 One to two years</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">400</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Two to three years</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>626</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">599</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Three to four years</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">669</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Four to five years</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Greater than five years</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,758</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">4,021</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;4,785</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;5,696</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfBorrowingsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<tr>
<td><strong> Name:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_TextBlock1Abstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Text block1 [abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6909142112">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Capital Instruments<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#2A517F"><b>Note
 12&#xA0;&#xA0;&#xA0;&#xA0; Capital
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(a)
 Carrying value of capital instruments</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
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 <td width="35%"></td>
 <td valign="bottom"></td>
 <td></td>
 <td valign="bottom"></td>
 <td></td>
 <td valign="bottom"></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td height="5" colspan="2"></td>
 <td height="5" colspan="2"></td>
 <td height="5" colspan="2"></td>
 <td height="5" colspan="4"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 Issuance date</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 Earliest par redemption<br />
 date</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 Maturity date</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Par value</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 4.165% MLI Subordinated debentures<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">February&#xA0;17, 2012</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">June&#xA0;1, 2017</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">June&#xA0;1, 2022</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">$&#xA0;&#xA0;&#xA0;&#xA0;500</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">499</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 3.938% MLI Subordinated debentures<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">September&#xA0;21,&#xA0;2012</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">September&#xA0;21,&#xA0;2017</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">September&#xA0;21,&#xA0;2022</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">$&#xA0;&#xA0;&#xA0;&#xA0;400</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">407</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 2.819% MLI Subordinated debentures<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">February&#xA0;25, 2013</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">February&#xA0;26, 2018</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">February&#xA0;26, 2023</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">$&#xA0;&#xA0;&#xA0;&#xA0;200</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>200</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">200</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 2.926% MLI Subordinated debentures<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">November&#xA0;29, 2013</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">November&#xA0;29, 2018</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">November&#xA0;29, 2023</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">$&#xA0;&#xA0;&#xA0;&#xA0;250</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>250</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">249</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 2.811% MLI Subordinated debentures<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">February&#xA0;21, 2014</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">February&#xA0;21, 2019</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">February&#xA0;21, 2024</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">$&#xA0;&#xA0;&#xA0;&#xA0;500</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>499</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">499</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 7.535% MFCT II Senior debenture notes<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">July&#xA0;10, 2009</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">December&#xA0;31, 2019</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">December&#xA0;31, 2108</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">$&#xA0;1,000</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,000</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,000</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 2.64% MLI Subordinated debentures<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">December&#xA0;1, 2014</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">January&#xA0;15, 2020</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">January&#xA0;15, 2025</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">$&#xA0;&#xA0;&#xA0;&#xA0;500</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>499</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">499</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 2.10% MLI Subordinated debentures<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">March&#xA0;10, 2015</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">June&#xA0;1, 2020</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">June&#xA0;1, 2025</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">$&#xA0;&#xA0;&#xA0;&#xA0;750</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>748</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">747</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 2.389% MLI Subordinated debentures<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">June&#xA0;1, 2015</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">January&#xA0;5, 2021</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">January&#xA0;5, 2026</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">$&#xA0;&#xA0;&#xA0;&#xA0;350</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>349</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">349</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 3.85% MFC Subordinated notes<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">May&#xA0;25, 2016</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">May&#xA0;25, 2021</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">May&#xA0;25, 2026</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">
 S$&#xA0;&#xA0;&#xA0;&#xA0;500</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>467</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">461</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 3.181% MLI Subordinated debentures<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">November&#xA0;20, 2015</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">November&#xA0;22, 2022</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">November&#xA0;22, 2027</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">$&#xA0;1,000</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>996</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">996</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 3.049% MFC Subordinated debentures<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">August&#xA0;18, 2017</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">August&#xA0;20, 2024</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">August&#xA0;20, 2029</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">$&#xA0;&#xA0;&#xA0;&#xA0;750</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>746</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 3.00% MFC Subordinated notes<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">November&#xA0;21, 2017</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">November&#xA0;21, 2024</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">November&#xA0;21, 2024</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">
 S$&#xA0;&#xA0;&#xA0;&#xA0;500</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>467</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 4.061% MFC Subordinated notes<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(7)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">February&#xA0;24, 2017</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">February&#xA0;24, 2027</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">February&#xA0;24, 2032</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">
 US$&#xA0;&#xA0;&#xA0;&#xA0;750</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>935</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 7.375% JHUSA Surplus notes<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(8)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">February&#xA0;25, 1994</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">n/a</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">February&#xA0;15, 2024</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">
 US$&#xA0;&#xA0;&#xA0;&#xA0;450</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>584</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">627</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 JHFC Subordinated notes<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(9)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 December&#xA0;14, 2006</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 n/a</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 December&#xA0;15, 2036</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">$&#xA0;&#xA0;&#xA0;&#xA0;650</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>647</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">647</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;8,387</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;7,180</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="2%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">MLI redeemed in full the 4.165%
 subordinated debentures at par, on June&#xA0;1, 2017, the earliest
 par redemption date.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="2%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">MLI redeemed in full the 3.938%
 subordinated debentures, originally issued by Standard Life
 Assurance Company of Canada at par, on September&#xA0;21, 2017, the
 earliest par redemption date.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="2%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">Interest is fixed for the period up
 to the earliest par redemption date, thereafter the interest rate
 will reset to a floating rate equal to the <font style="WHITE-SPACE: nowrap">90-day</font> Bankers&#x2019; Acceptance rate
 plus a specified number of basis points and is payable quarterly.
 The specified number of basis points is as follows: 2.819% &#x2013;
 95 bps, 2.926% &#x2013; 85 bps, 2.811% &#x2013; 80 bps, 2.64% &#x2013;
 73 bps, 2.10% &#x2013; 72 bps, 2.389% &#x2013; 83 bps, 3.181% &#x2013;
 157 bps. With regulatory approval, MLI may redeem the debentures,
 in whole or in part, on or after the earliest par redemption date,
 at a redemption price equal to par, together with accrued and
 unpaid interest.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="2%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></td>
 <td valign="top" align="left">Issued by MLI to Manulife Financial
 Capital Trust II (MFCT II), a wholly owned unconsolidated related
 party to the Company. On the earliest par redemption date and on
 every fifth anniversary thereafter (each, a &#x201C;Interest Reset
 Date&#x201D;), the rate of interest will reset to equal the yield on
 <font style="WHITE-SPACE: nowrap">5-year</font> Government of
 Canada bonds plus 5.2%. With regulatory approval, MLI may redeem
 the debentures, in whole or in part, on the earliest par redemption
 date and on any Interest Reset Date, at a redemption price equal to
 par, together with accrued and unpaid interest. The redemption
 price for the debentures redeemed on any day that is not an
 Interest Reset Date will be equal to the greater of par or the fair
 value of the debt based on the yield on uncallable Government of
 Canada bonds to the next Interest Reset Date plus (a) 1.0325% if
 the redemption date is on or after December&#xA0;31, 2014, but
 prior to December&#xA0;31, 2019, or (b) 2.065% if the redemption
 date is after December&#xA0;31, 2019, together with accrued and
 unpaid interest. Refer to note&#xA0;17.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="2%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></td>
 <td valign="top" align="left">On the earliest par redemption date,
 the interest rate will reset to equal the <font style="WHITE-SPACE: nowrap">5-year</font> Singapore Dollar Swap Rate plus
 a specified number of basis points. The specified number of basis
 points is as follows: 3.85% &#x2013; 197 bps, 3.00% &#x2013; 83.2
 bps. With regulatory approval, MFC may redeem the debentures, in
 whole, but not in part, on the earliest par redemption date and
 thereafter on each interest payment date, at a redemption price
 equal to par, together with accrued and unpaid interest.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="2%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></td>
 <td valign="top" align="left">Interest is fixed for the period up
 to the earliest par redemption date, thereafter, the interest rate
 will reset to a floating rate equal to the <font style="WHITE-SPACE: nowrap">90-day</font> Bankers&#x2019; Acceptance rate
 plus 105 basis points. With regulatory approval, MFC may redeem the
 debentures, in whole or in part, on or after the earliest par
 redemption date, at a redemption price equal to par, together with
 accrued and unpaid interest.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="2%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(7)</sup></td>
 <td valign="top" align="left">On the earliest par redemption date,
 the interest rate will reset to equal the <font style="WHITE-SPACE: nowrap">5-Year</font> US&#xA0;Dollar <font style="WHITE-SPACE: nowrap">Mid-Swap</font> Rate plus 1.647%. With
 regulatory approval, MFC may redeem the debentures, in whole, but
 not in part, on the earliest par redemption date, at a redemption
 price equal to par, together with accrued and unpaid interest.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="2%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(8)</sup></td>
 <td valign="top" align="left">Issued by John Hancock Mutual Life
 Insurance Company, now John Hancock Life Insurance Company
 (U.S.A.). Any payment of interest or principal on the surplus notes
 requires prior approval from the Department of Insurance and
 Financial Services of the State of Michigan. The carrying value of
 the surplus notes reflects an unamortized fair value increment of
 US$23 (2016 &#x2013; US$26), which arose as a result of the
 acquisition of John Hancock Financial Services, Inc. The
 amortization of the fair value adjustment is recorded in interest
 expense.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="2%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(9)</sup></td>
 <td valign="top" align="left">Issued by Manulife Holdings
 (Delaware) LLC (&#x201C;MHDLL&#x201D;), now John Hancock Financial
 Corporation (&#x201C;JHFC&#x201D;), a wholly owned subsidiary of MFC,
 to Manulife Finance (Delaware) LLC (&#x201C;MFLLC&#x201D;), a
 subsidiary of Manulife Finance (Delaware) L.P.
 (&#x201C;MFLP&#x201D;). MFLP and its subsidiaries are wholly owned
 unconsolidated related parties to the Company. The note bears
 interest at a floating rate equal to the <font style="WHITE-SPACE: nowrap">90-day</font> Bankers&#x2019; Acceptance rate
 plus 0.72%. With regulatory approval, JHFC may redeem the note, in
 whole or in part, at any time, at par, together with accrued and
 unpaid interest. Refer to note&#xA0;17.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(b) Fair
 value measurement</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Fair value of capital instruments
 is determined using quoted market prices where available (Level 1).
 When quoted market prices are not available fair value is
 determined with reference to quoted prices of a debt instrument
 with similar characteristics or estimated using discounted cash
 flows using observable market rates (Level 2).</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Capital instruments are measured
 at amortized cost in the Consolidated Statements of Financial
 Position. As at December&#xA0;31, 2017, fair value of capital
 instruments was $8,636 (2016&#xA0;&#x2013;&#xA0;$7,417). Capital
 instruments were categorized in Level&#xA0;2 of the fair value
 hierarchy (2016&#xA0;&#x2013;&#xA0;Level 2).</font></p>
 </div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfFinancialInstrumentsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for financial instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Section Scope<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=sect_Scope&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_TextBlock1Abstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Text block1 [abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<DOCUMENT>
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6887736544">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Share Capital and Earnings Per Share<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TextBlock1Abstract', window );"><strong>Text block1 [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfIssuedCapitalAndEarningsPerShareExplanatory', window );">Share Capital and Earnings Per Share</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#2A517F"><b>Note 13&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Share
 Capital and Earnings Per Share</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The authorized capital of MFC consists of:</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: &quot;Times New Roman&quot;" color="#1F320C"><sup style="FONT-SIZE: 10px; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">an unlimited number of common shares
 without nominal or par value; and</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: &quot;Times New Roman&quot;" color="#1F320C"><sup style="FONT-SIZE: 10px; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">an unlimited number of Class&#xA0;A,
 Class&#xA0;B and Class&#xA0;1 preferred shares without nominal or
 par value, issuable in series.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(a) Preferred shares</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The changes in issued and outstanding preferred shares are as
 follows.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="62%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="8"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="8"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center">
 <b>2017</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">2016</td>
 <td valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Number&#xA0;of<br />
 shares</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(in&#xA0;millions)</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Amount</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Number&#xA0;of<br />
 shares</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(in&#xA0;millions)</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Amount</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Balance, January&#xA0;1</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>146</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;3,577</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">110</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;2,693</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Issued, Class&#xA0;1 shares, Series 21</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">17</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">425</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Converted, Class&#xA0;1 shares, Series 3</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(42</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Issued, Class&#xA0;1 shares, Series 4</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">42</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Issued, Class&#xA0;1 shares, Series 23</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">19</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">475</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Issuance costs, net of tax</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(16</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Balance, December&#xA0;31</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>146</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,577</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">146</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">3,577</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents additional information on the
 preferred shares outstanding as at December&#xA0;31, 2017.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="38%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Issue date</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Annual<br />
 dividend<br />
 rate<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Earliest redemption<br />
 date<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Number&#xA0;of<br />
 shares</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(in&#xA0;millions)</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Face<br />
 amount</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Net<br />
 amount<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Class&#xA0;A preferred shares</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 2</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">February&#xA0;18,&#xA0;2005</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.65%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">n/a</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">14</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">350</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>344</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 3</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">January&#xA0;3, 2006</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.50%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">n/a</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">300</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>294</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Class&#xA0;1 preferred shares</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 3<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(4),(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">March&#xA0;11, 2011</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2.178%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">June&#xA0;19, 2021</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">158</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>155</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 4</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">June&#xA0;20, 2016</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">floating</td>
 <td valign="bottom" nowrap="nowrap"><sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(6)</sup>&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">n/a</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">42</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>41</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 5<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(4),(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">December&#xA0;6,&#xA0;2011</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3.891%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">December&#xA0;19, 2021</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">8</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">200</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>195</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 7<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(4),(5),(7)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">February&#xA0;22, 2012</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.312%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">March&#xA0;19, 2022</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">250</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>244</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 9<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(4),(5),(8)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">May&#xA0;24, 2012</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.351%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">September&#xA0;19, 2022</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">250</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>244</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 11<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(4),(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">December&#xA0;4, 2012</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.00%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">March&#xA0;19, 2018</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">8</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">200</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>196</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 13<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(4),(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">June&#xA0;21, 2013</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3.80%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">September&#xA0;19,&#xA0;2018</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">8</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">200</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>196</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 15<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(4),(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">February&#xA0;25, 2014</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3.90%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">June&#xA0;19, 2019</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">8</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">200</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>195</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 17<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(4),(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">August&#xA0;15, 2014</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3.90%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">December&#xA0;19, 2019</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">14</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">350</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>343</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 19<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(4),(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">December&#xA0;3, 2014</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3.80%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">March&#xA0;19, 2020</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">250</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>246</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 21<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(4),(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">February&#xA0;25, 2016</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5.60%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">June&#xA0;19, 2021</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">17</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">425</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>417</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 23<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(4),(5)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">November&#xA0;22,&#xA0;2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">4.85%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">March&#xA0;19, 2022</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">19</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">475</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>467</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">146</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;3,650</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;3,577</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Holders of Class&#xA0;A and
 Class&#xA0;1 preferred shares are entitled to
 receive&#xA0;<font style="WHITE-SPACE: nowrap">non-cumulative</font>&#xA0;preferential
 cash dividends on a quarterly basis, as and when declared by the
 Board of Directors.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">Redemption of all preferred shares is
 subject to regulatory approval. With the exception of Class&#xA0;A
 Series 2, Class&#xA0;A Series 3 and Class&#xA0;1 Series 4 preferred
 shares, MFC may redeem each series, in whole or in part, at par, on
 the earliest redemption date or every five years thereafter.
 Class&#xA0;A Series 2 and Series 3 preferred shares are past their
 respective earliest redemption date and MFC may redeem these
 shares, in whole or in part, at par at any time, subject to
 regulatory approval, as noted. MFC may redeem the Class&#xA0;1
 Series 4, in whole or in part, at any time, at $25.00 per share if
 redeemed on June&#xA0;19, 2021 and on June&#xA0;19 every five years
 thereafter, or at $25.50 per share if redeemed on any other date
 after June&#xA0;19, 2016, subject to regulatory approval, as
 noted.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">Net of&#xA0;<font style="WHITE-SPACE: nowrap">after-tax</font>&#xA0;issuance
 costs.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(4)</sup></td>
 <td valign="top" align="left">On the earliest redemption date and
 every five years thereafter, the annual dividend rate will be reset
 to the five year Government of Canada bond yield plus a yield
 specified for each series. The specified yield for Class&#xA0;1
 shares is: Series 3 &#x2013; 1.41%, Series 5 &#x2013; 2.90%, Series 7
 &#x2013; 3.13%, Series 9 &#x2013; 2.86%, Series 11 &#x2013; 2.61%,
 Series&#xA0;13&#xA0;&#x2013;&#xA0;2.22%, Series 15 &#x2013; 2.16%,
 Series 17 &#x2013; 2.36%, Series 19 &#x2013; 2.30%, Series 21 &#x2013;
 4.97% and Series 23 &#x2013; 3.83%.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(5)</sup></td>
 <td valign="top" align="left">On the earliest redemption date and
 every five years thereafter, Class&#xA0;1 preferred shares are
 convertible at the option of the holder into a new series that is
 one number higher than their existing series, and the holders are
 entitled to&#xA0;<font style="WHITE-SPACE: nowrap">non-cumulative</font>&#xA0;preferential
 cash dividends, payable quarterly if and when declared by the Board
 of Directors, at a rate equal to the three month Government of
 Canada Treasury bill yield plus the rate specified in footnote 4
 above.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(6)</sup></td>
 <td valign="top" align="left">The floating dividend rate for the
 Class&#xA0;1 Shares Series 4 will equal the three month Government
 of Canada Treasury bill yield plus 1.41%.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(7)</sup></td>
 <td valign="top" align="left">MFC did not exercise its right to
 redeem all or any of the outstanding Class&#xA0;1 Shares Series 7
 on March&#xA0;19, 2017 (the earliest redemption date). Dividend
 rate for Class&#xA0;1 Shares Series 7 was reset as specified in
 footnote 4 above to an annual fixed rate of 4.312% for a five year
 period commencing on March&#xA0;20, 2017.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(8)</sup></td>
 <td valign="top" align="left">MFC did not exercise its right to
 redeem all or any of the outstanding Class&#xA0;1 Shares Series 9
 on September&#xA0;19, 2017 (the earliest redemption date). Dividend
 rate for Class&#xA0;1 Shares Series 9 was reset as specified in
 footnote 4 above to an annual fixed rate of 4.351% for a five year
 period commencing on September&#xA0;20, 2017.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(b) Common shares</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The changes in common shares issued and outstanding are as
 follows.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="61%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="8"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="8"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center">
 <b>2017</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">2016</td>
 <td valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Number&#xA0;of<br />
 shares</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(in&#xA0;millions)</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Amount</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Number&#xA0;of<br />
 shares</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(in&#xA0;millions)</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Amount</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Balance, January&#xA0;1</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,975</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>22,865</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,972</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">22,799</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Issued on exercise of stock options and deferred share units</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>7</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>124</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">3</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">66</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,982</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;22,989</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">1,975</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;22,865</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 14pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(c) Earnings per share</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents basic and diluted earnings per common
 share of the Company.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="78%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Basic earnings per common share</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>0.98</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">1.42</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Diluted earnings per common share</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>0.98</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1.41</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following is a reconciliation of the denominator (number of
 shares) in the calculation of basic and diluted earnings per
 share.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="78%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Weighted average number of common shares (in millions)</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,978</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,973</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Dilutive stock-based awards<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup>&#xA0;(in
 millions)</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>8</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">4</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Weighted average number of diluted common shares (in
 millions)</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,986</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">1,977</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 4pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">The dilutive effect of stock-based
 awards was calculated using the treasury stock method. This method
 calculates the number of incremental shares by assuming the
 outstanding stock-based awards are (i)&#xA0;exercised and
 (ii)&#xA0;then reduced by the number of shares assumed to be
 repurchased from the issuance proceeds, using the average market
 price of MFC common shares for the year. Excluded from the
 calculation was a weighted average of 2&#xA0;million (2016 &#x2013;
 14 million) anti-dilutive stock-based awards.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(d) Quarterly dividend declaration
 subsequent to year end</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 On February&#xA0;7, 2018, the Company&#x2019;s Board of Directors
 approved a quarterly dividend of $0.22 per share on the common
 shares of MFC, payable on or after March&#xA0;19, 2018 to
 shareholders of record at the close of business on
 February&#xA0;21, 2018.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Board also declared dividends on the
 following&#xA0;<font style="WHITE-SPACE: nowrap">non-cumulative</font>&#xA0;preferred
 shares, payable on or after March&#xA0;19, 2018 to shareholders of
 record at the close of business on February&#xA0;21, 2018.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="51%"></td>
 <td valign="bottom"></td>
 <td width="48%"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Class&#xA0;A Shares Series 2&#xA0;&#x2013;&#xA0;$0.29063 per
 share</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">Class&#xA0;1 Shares Series
 11&#xA0;&#x2013;&#xA0;$0.25 per share</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Class&#xA0;A Shares Series 3&#xA0;&#x2013;&#xA0;$0.28125 per
 share</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">Class&#xA0;1 Shares Series
 13&#xA0;&#x2013;&#xA0;$0.2375 per share</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Class&#xA0;1 Shares Series 3&#xA0;&#x2013;&#xA0;$0.136125 per
 share</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">Class&#xA0;1 Shares Series
 15&#xA0;&#x2013;&#xA0;$0.24375 per share</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Class&#xA0;1 Shares Series 4&#xA0;&#x2013;&#xA0;$0.141103 per
 share</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">Class&#xA0;1 Shares Series
 17&#xA0;&#x2013;&#xA0;$0.24375 per share</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Class&#xA0;1 Shares Series 5&#xA0;&#x2013;&#xA0;$0.243188 per
 share</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">Class&#xA0;1 Shares Series
 19&#xA0;&#x2013;&#xA0;$0.2375 per share</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Class&#xA0;1 Shares Series 7&#xA0;&#x2013;&#xA0;$0.2695 per
 share</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">Class&#xA0;1 Shares Series
 21&#xA0;&#x2013;&#xA0;$0.35 per share</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Class&#xA0;1 Shares Series 9&#xA0;&#x2013;&#xA0;$0.271938 per
 share</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 Class&#xA0;1 Shares Series 23&#xA0;&#x2013;&#xA0;$0.303125 per
 share</td>
 </tr>
 </table>
 <br class="Apple-interchange-newline" />

 </div><span></span>
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</tr>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6888004528">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Capital Management<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
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<td class="text"><div>
 <p style="margin-top:14pt; margin-bottom:0pt; font-size:10.5pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#2A517F"><b>Note
 14&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Capital
 Management</b></font></font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>(a)
 Capital management</b></font></font></p>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The Company monitors and manages
 its consolidated capital in compliance with the Minimum Continuing
 Capital and Surplus Requirement (&#x201C;MCCSR&#x201D;) guideline,
 issued by the Office of the Superintendent of Financial
 Institutions (&#x201C;OSFI&#x201D;). Under this framework, the
 Company&#x2019;s consolidated available capital is measured against
 a required amount of risk capital determined in accordance with the
 guideline.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The Company&#x2019;s operating
 activities are conducted within MLI or its subsidiaries. MLI is
 regulated by OSFI and is also subject to consolidated risk-based
 capital requirements using the OSFI MCCSR framework.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">OSFI will be implementing a revised
 approach to the regulatory capital framework in Canada in the first
 quarter of 2018.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The Company seeks to manage its
 capital with the objectives of:</font></p>
 <p style="font-size:6pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" border="0" cellpadding="0" cellspacing="0" width="100%">
 <tr style="page-break-inside:avoid">
 <td width="1%" valign="top" align="left"><font style="font-family:Times New Roman" color="#1F320C"><sup style="font-size:85%; vertical-align:top">&#x220E;</sup>&#xA0;</font></td>
 <td width="1%" valign="top">&#xA0;</td>
 <td align="left" valign="top">Operating with sufficient capital to
 be able to honour all commitments to its policyholders and
 creditors with a high degree of confidence;</td>
 </tr>
 </table>
 <table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" border="0" cellpadding="0" cellspacing="0" width="100%">
 <tr style="page-break-inside:avoid">
 <td width="1%" valign="top" align="left"><font style="font-family:Times New Roman" color="#1F320C"><sup style="font-size:85%; vertical-align:top">&#x220E;</sup>&#xA0;</font></td>
 <td width="1%" valign="top">&#xA0;</td>
 <td align="left" valign="top">Retaining the ongoing confidence of
 regulators, policyholders, rating agencies, investors and other
 creditors in order to ensure access to capital markets; and</td>
 </tr>
 </table>
 <table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt" border="0" cellpadding="0" cellspacing="0" width="100%">
 <tr style="page-break-inside:avoid">
 <td width="1%" valign="top" align="left"><font style="font-family:Times New Roman" color="#1F320C"><sup style="font-size:85%; vertical-align:top">&#x220E;</sup>&#xA0;</font></td>
 <td width="1%" valign="top">&#xA0;</td>
 <td align="left" valign="top">Optimizing return on capital to meet
 shareholders&#x2019; expectations subject to constraints and
 considerations of adequate levels of capital established to meet
 the first two objectives.</td>
 </tr>
 </table>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Capital is managed and monitored in
 accordance with the Capital Management Policy. The policy is
 reviewed and approved by the Board of Directors annually and is
 integrated with the Company&#x2019;s risk and financial management
 frameworks. It establishes guidelines regarding the quantity and
 quality of capital, internal capital mobility, and proactive
 management of ongoing and future capital requirements.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The capital management framework
 takes into account the requirements of the Company as a whole as
 well as the needs of each of the Company&#x2019;s subsidiaries.
 Internal capital targets are set above the regulatory requirements,
 and consider a number of factors, including expectations of
 regulators and rating agencies, results of sensitivity and stress
 testing and our own risk assessments. The Company monitors against
 these internal targets and initiates actions appropriate to
 achieving its business objectives.</font></p>
 <p style="font-size:1px;margin-top:6px;margin-bottom:0px">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The following measure of
 consolidated capital serves as the foundation of the
 Company&#x2019;s capital management activities at the MFC level. For
 regulatory reporting purposes, the numbers are further adjusted for
 various additions or deductions to capital, as mandated by the OSFI
 guideline.</font></p>
 <p style="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>Consolidated capital</b></font></font></p>
 <p style="font-size:6pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center">
 <tr>
 <td width="78%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="font-size:1pt">
 <td height="5"></td>
 <td height="5" colspan="4" bgcolor="#DDE0DA"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>2017</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">2016</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Total equity</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>&#xA0;&#xA0;42,163</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;42,823</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Adjusted for AOCI loss on cash flow hedges</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(109</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">(232</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Total equity excluding AOCI on cash flow hedges</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>42,272</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">43,055</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Qualifying capital instruments</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>8,387</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">7,180</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Total capital</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>50,659</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">50,235</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 </tr>
 </table>
 <p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>(b)
 Restrictions on dividends and capital
 distributions</b></font></font></p>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Dividends and capital distributions
 are restricted under the Insurance Company Act (&#x201C;ICA&#x201D;).
 These restrictions apply to both the Company and its primary
 operating subsidiary MLI. The ICA prohibits the declaration or
 payment of any dividend on shares of an insurance company if there
 are reasonable grounds for believing a company does not have
 adequate capital and adequate and appropriate forms of liquidity or
 the declaration or the payment of the dividend would cause the
 company to be in contravention of any regulation made under the ICA
 respecting the maintenance of adequate capital and adequate and
 appropriate forms of liquidity, or of any direction made to the
 company by OSFI. The ICA also requires an insurance company to
 notify OSFI of the declaration of a dividend at least 15 days prior
 to the date fixed for its payment. Similarly, the ICA prohibits the
 purchase for cancellation of any shares issued by an insurance
 company or the redemption of any redeemable shares or other similar
 capital transactions, if there are reasonable grounds for believing
 that the company does not have adequate capital and adequate and
 appropriate forms of liquidity or the payment would cause the
 company to be in contravention of any regulation made under the ICA
 respecting the maintenance of adequate capital and adequate and
 appropriate forms of liquidity, or any direction made to the
 company by OSFI. These latter transactions would require the prior
 approval of OSFI.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The ICA requires Canadian insurance
 companies to maintain adequate levels of capital at all
 times.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Since the Company is a holding
 company that conducts all of its operations through regulated
 insurance subsidiaries (or companies owned directly or indirectly
 by these subsidiaries), its ability to pay future dividends will
 depend on the receipt of sufficient funds from its regulated
 insurance subsidiaries. These subsidiaries are also subject to
 certain regulatory restrictions under laws in Canada, the United
 States and certain other countries that may limit their ability to
 pay dividends or make other upstream distributions.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The Company and MLI have covenanted
 for the benefit of holders of the outstanding Trust II
 Notes&#xA0;&#x2013;&#xA0;Series I (the &#x201C;Notes&#x201D;) that, if
 interest is not paid in full in cash on the Notes on any interest
 payment date or if MLI elects that holders of Notes invest interest
 payable on the Notes on any interest payment date in a new series
 of Manufacturers Life Class&#xA0;1 Shares, MLI will not declare or
 pay cash dividends on any MLI Public Preferred Shares (as defined
 below), if any are outstanding, and if no MLI Public Preferred
 Shares are outstanding, MFC will not declare or pay cash dividends
 on its Preferred Shares and Common Shares, in each case, until the
 sixth month following such deferral date. &#x201C;MLI Public
 Preferred Shares&#x201D; means, at any time, preferred shares of MLI
 which at that time: (a)&#xA0;have been issued to the public
 (excluding any preferred shares of MLI held beneficially by
 affiliates of MLI); (b) are listed on a recognized stock exchange;
 and (c)&#xA0;have an aggregate liquidation entitlement of at least
 $200, however, if at any time, there is more than one class of MLI
 Public Preferred Shares outstanding, then the most senior class or
 classes of outstanding MLI Public Preferred Shares shall, for all
 purposes, be the MLI Public Preferred Shares.</font></p>
 </div><span></span>
</td>
</tr>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of issued capital. [Refer: Issued capital]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Text block1 [abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6888150944">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Stock-Based Compensation<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TextBlock1Abstract', window );"><strong>Text block1 [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory', window );">Stock-Based Compensation</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#2A517F"><b>Note
 15&#xA0;&#xA0;&#xA0;&#xA0;Stock-Based
 Compensation</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(a) Stock
 options</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The Company grants stock options
 under its Executive Stock Option Plan (&#x201C;ESOP&#x201D;) to
 selected individuals. The options provide the holder the right to
 purchase MFC common shares at an exercise price equal to the higher
 of the prior day, prior <font style="WHITE-SPACE: nowrap">five-day</font> or prior <font style="WHITE-SPACE: nowrap">ten-day</font> average closing market price
 of the shares on the Toronto Stock Exchange on the date the options
 are granted. The options vest over a period not exceeding four
 years and expire not more than 10 years from the grant date.
 Effective with the 2015 grant, options may only be exercised after
 the fifth-year anniversary. A total of 73,600,000 common shares
 have been reserved for issuance under the ESOP.</font></p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Options
 outstanding</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="58%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"><b>2017</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">2016</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Number&#xA0;of<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">options</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(in&#xA0;millions</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 )&#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Weighted<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">average</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">exercise</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">price</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">Number&#xA0;of<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">options</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(in&#xA0;millions</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 )&#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">Weighted<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">average</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">exercise</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">price</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Outstanding, January&#xA0;1</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>30</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;19.80</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">30</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;20.72</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Granted</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>4</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>24.56</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">17.65</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Exercised</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(7</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16.03</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(3</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">15.49</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Expired</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>39.47</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">32.92</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Forfeited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>20.86</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(1
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">21.04
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Outstanding, December&#xA0;31</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>25</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>20.45</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">30
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">19.80
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Exercisable, December&#xA0;31</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>12</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>19.93</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">18
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">20.15
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 14pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="43%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Options outstanding</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Options exercisable</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2017</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Number&#xA0;of<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">options</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(in&#xA0;millions</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 )&#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Weighted<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">average</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">exercise</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">price</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Weighted<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">average</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">remaining</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">contractual</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">life</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(in&#xA0;years)</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Number&#xA0;of<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">options</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(in&#xA0;millions</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 )&#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Weighted<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">average</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">exercise</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">price</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Weighted<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">average</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">remaining</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">contractual</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">life</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(in&#xA0;years)</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 $11.23&#xA0;&#x2013;&#xA0;$20.99</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>14</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;17.08</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4.91</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>9</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;16.78</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3.05</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 $21.00&#xA0;&#x2013;&#xA0;$29.99</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>10</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>22.77</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6.88</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>21.40</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3.77</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 $30.00&#xA0;&#x2013;&#xA0;$37.71</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>37.71</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>0.14</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>37.71</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>0.14</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>25</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>20.45</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>5.44</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>12</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>19.93</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2.87</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The weighted average fair value of
 each option granted in 2017 has been estimated at $5.18
 (2016&#xA0;&#x2013;&#xA0;$3.78) using the Black-Scholes
 option-pricing model. The pricing model uses the following
 assumptions for these options: risk-free interest rate of 1.25%
 (2016&#xA0;&#x2013;&#xA0; 1.50%), dividend yield of 3.00%
 (2016&#xA0;&#x2013;&#xA0;3.00%), expected volatility of 29.5%
 (2016&#xA0;&#x2013;&#xA0;29.5%) and expected life of 6.7
 (2016&#xA0;&#x2013;&#xA0;6.7) years. Expected volatility is
 estimated by evaluating a number of factors including historical
 volatility of the share price over multi-year periods.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Compensation expense related to
 stock options was $16 for the year ended December&#xA0;31, 2017
 (2016&#xA0;&#x2013;&#xA0;$19).</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(b)
 Deferred share units</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">In 2000, the Company granted
 deferred share units (&#x201C;DSUs&#x201D;) to certain employees
 under the ESOP. These DSUs vested over a three-year period and each
 DSU entitles the holder to receive one common share on retirement
 or termination of employment. When dividends are paid on common
 shares, holders of DSUs are deemed to receive dividends at the same
 rate, payable in the form of additional DSUs. In 2017, nil DSUs
 were granted to employees under the ESOP
 (2016&#xA0;&#x2013;&#xA0;nil). The number of DSUs outstanding was
 610,000 as at December&#xA0;31, 2017
 (2016&#xA0;&#x2013;&#xA0;633,000).</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">In addition, for certain employees
 and pursuant to the Company&#x2019;s deferred compensation program,
 the Company grants DSUs under the RSU Plan which entitle the holder
 to receive payment in cash equal to the value of the same number of
 common shares plus credited dividends on retirement or termination
 of employment. In 2017, the Company granted 23,000 DSUs to certain
 employees which vest after 34 months (2016&#xA0;&#x2013;&#xA0;14,000
 units which vest after four years). In 2017, nil DSUs
 (2016&#xA0;&#x2013;&#xA0;27,000) were granted to certain employees
 who elected to defer receipt of all or part of their annual bonus.
 These DSUs vested immediately. Also, in 2017, 43,000 DSUs
 (2016&#xA0;&#x2013;&#xA0;83,000) were granted to certain employees
 to defer payment of all or part of their Restricted Share Units
 (&#x201C;RSUs&#x201D;) and/or Performance Share Units
 (&#x201C;PSUs&#x201D;). These DSUs also vested
 immediately.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The fair value of 156,000 DSUs
 issued during the year was $26.22 per unit, as at December&#xA0;31,
 2017 (2016&#xA0;&#x2013;&#xA0;254,000 at $23.91 per
 unit).</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Under the Stock Plan for
 <font style="WHITE-SPACE: nowrap">Non-Employee</font> Directors,
 each eligible director may elect to receive his or her annual
 director&#x2019;s retainer and fees in DSUs or common shares in lieu
 of cash. Upon termination of the Board service, an eligible
 director who has elected to receive DSUs will be entitled to
 receive cash equal to the value of the DSUs accumulated in his or
 her account, or at his or her direction, an equivalent number of
 common shares. A total of one million common shares have been
 reserved for issuance under this plan.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="78%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Number of DSUs (in thousands)</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><b>2017</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">2016</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Outstanding, January&#xA0;1</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,682</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,542</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Issued</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>156</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">254</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Reinvested</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>88</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">97</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Redeemed</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(279</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(184</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Forfeitures and cancellations</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(27
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Outstanding, December&#xA0;31</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,645</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">2,682
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Of the DSUs outstanding as at
 December&#xA0;31, 2017, 610,000 (2016&#xA0;&#x2013;&#xA0;633,000)
 entitle the holder to receive common shares, 1,103,000
 (2016&#xA0;&#x2013;&#xA0;1,235,000) entitle the holder to receive
 payment in cash and 932,000 (2016&#xA0;&#x2013;&#xA0;814,000)
 entitle the holder to receive payment in cash or common shares, at
 the option of the holder.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Compensation expense related to
 DSUs was $13 for the year ended December&#xA0;31, 2017
 (2016&#xA0;&#x2013;&#xA0;$6).</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The carrying and fair value amount
 of the DSUs liability as at December&#xA0;31, 2017 was $53
 (2016&#xA0;&#x2013;&#xA0;$43) and was included in other
 liabilities.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(c)
 Restricted share units and performance share
 units</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">For the year ended
 December&#xA0;31, 2017, 5.6&#xA0;million RSUs
 (2016&#xA0;&#x2013;&#xA0;7.6 million) and 1.0&#xA0;million PSUs
 (2016&#xA0;&#x2013;&#xA0;1.2 million) were granted to certain
 eligible employees under MFC&#x2019;s Restricted Share Unit Plan.
 The fair value of the RSUs and PSUs granted during the year was
 $26.22 per unit as at December&#xA0;31, 2017
 (2016&#xA0;&#x2013;&#xA0;$23.91 per unit). Each RSU and PSU entitles
 the holder to receive payment equal to the market value of one
 common share, plus credited dividends, at the time of vesting,
 subject to any performance conditions.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">RSUs granted in February 2017 will
 vest after 34 months and PSUs granted in February 2017 will vest
 after 36 months from their grant date and the related compensation
 expense is recognized over these periods, except where the employee
 is eligible to retire prior to a vesting date, in which case the
 cost is recognized over the period between the grant date and the
 date on which the employee is eligible to retire. Compensation
 expense related to RSUs and PSUs was $125 and $21, respectively,
 for the year ended December&#xA0;31,&#xA0;2017
 (2016&#xA0;&#x2013;&#xA0;$110 and $9, respectively).</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The carrying and fair value amount
 of the RSUs and PSUs liability as at December&#xA0;31, 2017 was
 $228 (2016&#xA0;&#x2013;&#xA0;$196) and was included in other
 liabilities.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(d)
 Global share ownership plan</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The Company&#x2019;s Global Share
 Ownership Plan (&#x201C;GSOP&#x201D;) allows qualifying employees to
 apply up to five per cent of their annual base earnings toward the
 purchase of common shares. The Company matches a percentage of the
 employee&#x2019;s eligible contributions up to a maximum amount. The
 Company&#x2019;s contributions vest immediately. All contributions
 are used to purchase common shares in the open market.</font></p>
 </div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfSharebasedPaymentArrangementsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for share-based payment arrangements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 44<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_44&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6759643808">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Employee Future Benefits<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TextBlock1Abstract', window );"><strong>Text block1 [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfEmployeeBenefitsExplanatory', window );">Employee Future Benefits</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#2A517F"><b>Note 16&#xA0;&#xA0;&#xA0;&#xA0; Employee
 Future Benefits</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company maintains defined contribution and defined benefit
 pension plans and other post-employment plans for employees and
 agents including registered (tax qualified) pension plans that are
 typically funded, as well as
 supplemental&#xA0;<font style="WHITE-SPACE: nowrap">non-registered</font>&#xA0;<font style="WHITE-SPACE: nowrap">(non-qualified)</font>&#xA0;pension
 plans for executives, retiree welfare plans and disability welfare
 plans that are typically not funded.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(a) Plan characteristics</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 To reduce the financial risk associated with final average pay
 defined benefit pension plans and retiree welfare plans, the
 Company has over time closed all these plans to new members and, in
 the case of pension plans, has replaced them with capital
 accumulation plans. The latter include defined benefit cash balance
 plans, 401(k) plans and/or defined contribution plans, depending on
 the country of employment. The result is that final average pay
 pension plans account for less than 50&#xA0;per cent of the
 Company&#x2019;s global pension obligations and the number of
 employees who accrue these pensions declines each year.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Prior to the Company&#x2019;s acquisition of the Canadian-based
 operations of Standard Life plc, advance provision had been made on
 Standard Life&#x2019;s balance sheet for continuing its practice of
 regularly granting increases in retiree pensions on
 a&#xA0;<font style="WHITE-SPACE: nowrap">non-contractual</font>&#xA0;<font style="WHITE-SPACE: nowrap">ad-hoc</font>&#xA0;basis.
 In 2016, the Company concluded that increases would no longer be
 regularly granted, consistent with the treatment of pensions for
 retirees under other Manulife plans. To reflect this change, the
 advance provision was removed, reducing the net defined benefit
 liability for the former Standard Life plan by $55 which was
 recorded through income.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 All pension arrangements are governed by local pension committees
 or management but significant plan changes require approval from
 the Company&#x2019;s Board of Directors.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company&#x2019;s funding policy for defined benefit pension
 plans is to make the minimum annual contributions required by
 regulations in the countries in which the plans are offered.
 Assumptions and methods prescribed for regulatory funding purposes
 typically differ from those used for accounting purposes.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company&#x2019;s remaining defined benefit pension and/or
 retiree welfare plans are in the U.S., Canada, Japan, and Taiwan.
 There are also disability welfare plans in the U.S. and Canada.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The largest defined benefit pension and retiree welfare plans are
 the primary plans for employees in the U.S. and Canada. These are
 the material plans that are discussed in the balance of this note.
 The Company measures its defined benefit obligations and fair value
 of plan assets for accounting purposes as at December&#xA0;31 each
 year.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>U.S. defined benefit pension and retiree
 welfare plans</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company operates a qualified cash balance plan that is open to
 new members, a closed&#xA0;<font style="WHITE-SPACE: nowrap">non-qualified</font>&#xA0;cash
 balance plan, and a closed retiree welfare plan.</p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Actuarial valuations to determine the Company&#x2019;s minimum
 funding contributions for the qualified cash balance plan are
 required annually. Deficits revealed in the funding valuations must
 generally be funded over a period of up to seven years. It is
 expected that there will be no required funding for this plan in
 2018. There are no plan assets set aside for
 the&#xA0;<font style="WHITE-SPACE: nowrap">non-qualified</font>&#xA0;cash
 balance plan.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The retiree welfare plan subsidizes the cost of life insurance and
 medical benefits. The majority of those who retired after 1991
 receive a fixed-dollar subsidy from the Company based on service.
 The plan was closed to all employees hired after 2004. While assets
 have been set aside in a qualified trust to pay future retiree
 welfare benefits, this funding is optional. Retiree welfare
 benefits offered under the plan coordinate with the U.S. Medicare
 program to make optimal use of available federal financial
 support.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The qualified pension and retiree welfare plans are governed by the
 U.S. Benefits Committee, while the&#xA0;<font style="WHITE-SPACE: nowrap">non-qualified</font>&#xA0;pension
 plan is governed by the U.S.&#xA0;<font style="WHITE-SPACE: nowrap">Non-Qualified</font>&#xA0;Plans
 Subcommittee.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Canadian defined benefit pension and
 retiree welfare plans</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company&#x2019;s defined benefit plans in Canada include two
 registered final average pay pension plans,
 a&#xA0;<font style="WHITE-SPACE: nowrap">non-registered</font>&#xA0;supplemental
 final average pay pension plan and a retiree welfare plan, all of
 which have been closed to new members.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Actuarial valuations to determine the Company&#x2019;s minimum
 funding contributions for the registered pension plans are required
 at least once every three years. Deficits revealed in the funding
 valuation must generally be funded over a period of not less than
 ten years. For 2018, the required funding for these plans is
 expected to be $31. The supplemental&#xA0;<font style="WHITE-SPACE: nowrap">non-registered</font>&#xA0;pension
 plan is not funded.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The retiree welfare plan subsidizes the cost of life insurance,
 medical and dental benefits. These subsidies are a fixed dollar
 amount for those who retired after April&#xA0;30, 2013 and will be
 eliminated for those who retire after 2019. There are no assets set
 aside for this plan.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The registered pension plans are governed by Pension Committees,
 while the supplemental&#xA0;<font style="WHITE-SPACE: nowrap">non-registered</font>&#xA0;plan
 is governed by the Board of Directors. The retiree welfare plan is
 governed by management.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(b) Risks</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 In final average pay pension plans and retiree welfare plans, the
 Company generally bears the material risks which include interest
 rate, investment, longevity and health care cost inflation risks.
 In defined contribution plans, these risks are typically borne by
 the employee. In cash balance plans, the interest rate, investment
 and longevity risks are partially transferred to the employee.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Material sources of risk to the Company for all plans include:</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: &quot;Times New Roman&quot;" color="#1F320C"><sup style="FONT-SIZE: 10px; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">A decline in discount rates that
 increases the defined benefit obligations by more than the change
 in value of plan assets;</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: &quot;Times New Roman&quot;" color="#1F320C"><sup style="FONT-SIZE: 10px; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Lower than expected rates of
 mortality; and</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: &quot;Times New Roman&quot;" color="#1F320C"><sup style="FONT-SIZE: 10px; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">For retiree welfare plans, higher
 than expected health care costs.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company has managed these risks through plan design and
 eligibility changes that have limited the size and growth of the
 defined benefit obligations. Investment risks for funded plans are
 managed through strategies aimed at improving the alignment between
 movements in the invested assets and movements in the
 obligations.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 In the U.S., delegated committee representatives and management
 review the financial status of the qualified defined benefit
 pension plan at least monthly, and steps are taken in accordance
 with an established dynamic investment policy to reduce the risk in
 the plan as the funded status improves. As at December&#xA0;31,
 2017, the target asset allocation for the plan was 29%
 return-seeking assets and 71% liability-hedging assets.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 In Canada, internal committees and management review the financial
 status of the registered defined benefit pension plans on at least
 a quarterly basis. As at December&#xA0;31, 2017, the target asset
 allocation for the plans was 15% return-seeking assets and 85%
 liability-hedging assets.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(c) Pension and retiree welfare
 plans</b></font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="77%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">Pension plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">Retiree&#xA0;welfare&#xA0;plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Changes in defined benefit obligation:</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Ending balance prior year</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,767</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">4,823</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>682</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">713</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Plan mergers<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">143</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Current service cost</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>48</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">52</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Past service cost</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(57</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest cost</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>182</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">196</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>26</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">28</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Plan participants&#x2019; contributions</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>4</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Actuarial losses (gains) due to:</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Experience</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>15</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(9</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Demographic assumption changes</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(94</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(16</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Economic assumption changes</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>214</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">116</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>41</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">20</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Benefits paid</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(315</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(314</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(45</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(50</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Impact of changes in foreign exchange rates</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(206</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(99</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(35</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(17</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Defined benefit obligation, December&#xA0;31</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;4,706</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;4,767</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;665</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;682</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="77%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">Pension plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">Retiree&#xA0;welfare&#xA0;plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Change in plan assets:</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Fair value of plan assets, ending balance prior year</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;4,277</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">4,122</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>603</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">635</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Plan mergers<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">129</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>164</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">169</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>23</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">25</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Employer contributions</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>85</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">106</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>12</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Plan participants&#x2019; contributions</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>4</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Benefits paid</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(315</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(314</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(45</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(50</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Administration costs</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(5</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(7</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Actuarial gains (losses)</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>312</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">158</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>30</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">8</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Impact of changes in foreign exchange rates</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(191</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(87</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(38</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(18</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Fair value of plan assets, December&#xA0;31</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;4,328</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;4,277</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;587</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;603</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">In Canada, two smaller pension plans
 were merged into the primary Manulife pension plan in 2016. Amounts
 shown represent the value of the defined benefit obligations and
 assets transferred from the smaller plans into the primary Manulife
 plan.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(d) Amounts recognized in the Consolidated
 Statements of Financial Position</b></font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="77%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">Pension plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">Retiree welfare plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Development of net defined benefit liability</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Defined benefit obligation</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;4,706</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;4,767</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">
 <b>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;665</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;&#xA0;&#xA0;$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;682</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Fair value of plan assets</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,328</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">4,277</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>587</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">603</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Deficit</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>378</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">490</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>78</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">79</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Effect of asset limit<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Deficit and net defined benefit liability</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>378</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">490</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>78</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">79</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Deficit is comprised of:</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Funded or partially funded plans</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(383</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(292</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(72</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(63</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Unfunded plans</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>761</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">782</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>150</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">142</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Deficit and net defined benefit liability</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>378</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">490</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">
 <b>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>78</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;&#xA0;&#xA0;$</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">79</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">No reconciliation has been provided
 for the effect of the asset limit since there was no effect in
 either year. For the funded pension plans, the present value of the
 economic benefits available in the form of reductions in future
 contributions to the plans is significantly greater than the
 surplus that would be expected to develop.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(e) Disaggregation of defined benefit
 obligation</b></font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="37%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="14" align="center"><b>U.S. plans</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="14" align="center"><b>Canadian plans</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">Pension plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">Retiree&#xA0;welfare&#xA0;plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">Pension plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">Retiree&#xA0;welfare&#xA0;plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Active members</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>592</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">637</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>34</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">38</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>393</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">403</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>20</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">20</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Inactive and retired members</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,434</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2,528</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>481</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">502</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,287</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,199</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>130</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">122</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;3,026</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;3,165</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;515</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;540</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;1,680</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;1,602</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;150</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;142</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(f) Fair value measurements</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The major categories of plan assets and the actual per cent
 allocation to each category are as follows.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="39%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="16"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="16"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="14" align="center"><b>U.S.
 plans<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="14" align="center"><b>Canadian
 plans<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center">Pension
 plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center">Retiree
 welfare plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center">Pension
 plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" nowrap="nowrap" align="center">Retiree&#xA0;welfare&#xA0;plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Fair&#xA0;value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 %&#xA0;of&#xA0;total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Fair&#xA0;value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 %&#xA0;of&#xA0;total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Fair&#xA0;value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 %&#xA0;of&#xA0;total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Fair&#xA0;value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 %&#xA0;of&#xA0;total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Cash and cash equivalents</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>33</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>33</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>6%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>5</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity securities<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>695</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>24%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>45</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>8%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>212</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>15%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Debt securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,979</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>67%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>502</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>85%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,165</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>84%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other investments<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>235</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>8%</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>7</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1%</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>0%</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;2,942</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>100%</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>587</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>100%</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;1,386</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>100%</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="14" align="center"><b>U.S. plans<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="14" align="center"><b>Canadian plans<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">Pension plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">Retiree welfare plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">Pension plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" nowrap="nowrap" align="center">
 Retiree&#xA0;welfare&#xA0;plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Fair&#xA0;value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">%&#xA0;of&#xA0;total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Fair&#xA0;value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">%&#xA0;of&#xA0;total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Fair&#xA0;value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">%&#xA0;of&#xA0;total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Fair&#xA0;value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">%&#xA0;of&#xA0;total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Cash and cash equivalents</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">15</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">19</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">21</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity securities<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">825</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">28%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">150</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">25%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">460</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">34%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Debt securities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,834</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">62%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">427</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">71%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">809</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">60%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other investments<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">259</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">9%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">7</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">54</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">4%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">2,933</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">100%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;603</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">100%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">1,344</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">100%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">$</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right">&#xA0;&#xA0;&#xA0;&#xA0;&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">All the U.S. pension and retiree
 welfare plan assets have daily quoted prices in active markets,
 except for the private equity, timber and agriculture assets. In
 the aggregate, the latter assets represent approximately 6% of all
 U.S. pension and retiree welfare plan assets as at
 December&#xA0;31, 2017 (2016 &#x2013; 6%).</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">All the Canadian pension plan assets
 have daily quoted prices in active markets, except for the group
 annuity contract assets that represent approximately 0.3% of all
 Canadian pension plan assets as at December&#xA0;31, 2017 (2016
 &#x2013; 3%, including real estate and mortgage assets that were
 sold in 2017).</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">Equity securities include direct
 investments in MFC common shares of $1.3 (2016 &#x2013; $1.1) in the
 U.S. retiree welfare plan and $nil (2016 &#x2013; $nil) in
 Canada.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(4)</sup></td>
 <td valign="top" align="left">Other U.S. plan assets include
 investment in private equity, timberland and agriculture, and
 managed futures in 2017. Other Canadian pension plan assets include
 investment in the group annuity contract.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(g) Net benefit cost recognized in the
 Consolidated Statements of Income</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Components of the net benefit cost for the pension plans and
 retiree welfare plans were as follows.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="62%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">Pension plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">Retiree&#xA0;welfare&#xA0;plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Defined benefit current service cost<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>48</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">52</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Defined benefit administrative expenses</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>5</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">7</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Past service cost&#xA0;&#x2013;&#xA0;plan amendments<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(2)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(57</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Service cost</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>53</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest on net defined benefit (asset) liability<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>18</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">27</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">3</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Defined benefit cost</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>71</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">29</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>6</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Defined contribution cost</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>75</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">69</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net benefit cost</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;&#xA0;146</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;98</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;6</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;6</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Includes service and interest costs
 for the two plans merged into the primary Manulife plan after
 August&#xA0;1, 2016.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">Past service cost in 2016 includes
 ($55) reflecting the removal of the advance provision made in prior
 years for&#xA0;<font style="WHITE-SPACE: nowrap">non-contractual,</font>&#xA0;<font style="WHITE-SPACE: nowrap">ad-hoc</font>&#xA0;increases
 in pension for Standard Life retirees.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(h)&#xA0;<font style="WHITE-SPACE: nowrap">Re-measurement</font>&#xA0;effects
 recognized in Other Comprehensive Income</b></font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="59%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Pension plans</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" nowrap="nowrap">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Retiree&#xA0;welfare&#xA0;plans</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><b>2017</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">2016</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><b>2017</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">2016</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Actuarial gains (losses) on defined benefit obligations:</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
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 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
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 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
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 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
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 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
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 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Experience</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(15</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>9</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">
 &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;$</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Demographic assumption changes</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">94</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;16</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Economic assumption changes</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(214</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(116</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(41</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(20</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Return on plan assets greater (less) than discount rate</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>312</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">158</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;30</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">8</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total&#xA0;<font style="WHITE-SPACE: nowrap">re-measurement</font>&#xA0;effects</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
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 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b>
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 <b>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;83</b>
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 $
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
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 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;&#xA0;136
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;
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 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
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 &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;$
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 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">6
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
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 </td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(i) Assumptions</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The key assumptions used by the Company to determine the defined
 benefit obligation and net benefit cost for the defined benefit
 pension plans and retiree welfare plans were as follows.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="40%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="14">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"><b>U.S. Plans</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="14">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"><b>Canadian Plans</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Pension plans</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Retiree welfare plans</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Pension plans</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Retiree welfare plans</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><b>2017</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">2016</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><b>2017</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">2016</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><b>2017</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">2016</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><b>2017</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">2016</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>To determine the defined benefit obligation at end of
 year</b><sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup><b>:</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Discount rate</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3.6%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.1%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3.6%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.1%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3.5%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3.9%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3.6%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.0%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Initial health care cost trend rate<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(2)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>n/a</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">n/a</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>8.5%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">8.8%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>n/a</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">n/a</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5.9%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6.0%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>To determine the defined benefit cost for the year<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup>:</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Discount rate</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4.1%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.4%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4.1%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.3%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3.9%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.1%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4.0%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.1%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Initial health care cost trend rate<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(2)</sup></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>n/a</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">n/a
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>8.8%</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">9.0%
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>n/a</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">n/a
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6.0%</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">6.1%
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Inflation and salary increase
 assumptions are not shown as they do not materially affect
 obligations and cost.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">The health care cost trend rate used
 to measure the U.S. based retiree welfare obligation was 8.5%
 grading to 5.0% for 2032 and years thereafter (2016 &#x2013; 8.8%
 grading to 5.0% for 2032) and to measure the net benefit cost was
 8.8% grading to 5.0% for 2032 and years thereafter (2016 &#x2013;
 9.0% grading to 5.0% for 2032). In Canada, the rate used to measure
 the retiree welfare obligation was 5.9% grading to 4.8% for 2026
 and years thereafter (2016 &#x2013; 6.0% grading to 4.8% for 2026)
 and to measure the net benefit cost was 6.0% grading to 4.8% for
 2026 and years thereafter (2016 &#x2013; 6.1% grading to 4.8% for
 2026).</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Assumptions regarding future mortality are based on published
 statistics and mortality tables. The current life expectancies
 underlying the values of the obligations in the defined benefit
 pension and retiree welfare plans are as follows.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="78%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">U.S.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Life expectancy (in years) for those currently age 65</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Males</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>22.4</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>22.8</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Females</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>23.9</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>24.7</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Life expectancy (in years) at age 65 for those currently age
 45</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Males</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>24.0</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>23.8</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Females</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>25.5</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>25.6</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(j) Sensitivity of assumptions on
 obligation</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Assumptions used can have a significant effect on the obligations
 reported for defined benefit pension and retiree welfare plans. The
 potential impact on the obligations arising from changes in the key
 assumptions is set out in the following table. The sensitivities
 assume all other assumptions are held constant. In actuality,
 inter-relationships with other assumptions may exist.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="73%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="6%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="6%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Pension&#xA0;plans</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Retiree&#xA0;welfare&#xA0;plans</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Discount rate:</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impact of a 1% increase</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(451</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(67</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impact of a 1% decrease</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>536</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>82</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Health care cost trend rate:</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impact of a 1% increase</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>n/a</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>24</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impact of a 1% decrease</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>n/a</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(21</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Mortality rates<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impact of a 10% decrease</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;119</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;&#xA0;16</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">If the actuarial estimates of
 mortality are adjusted in the future to reflect unexpected
 decreases in mortality, the effect of a 10% decrease in mortality
 rates at each future age would be an increase in life expectancy at
 age 65 of 0.9 years for U.S. males and females and 0.8 years for
 Canadian males and females.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(k) Maturity profile</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The weighted average duration (in years) of the defined benefit
 obligations is as follows.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="65%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Pension plans</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Retiree welfare plans</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><b>2017</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">2016</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><b>2017</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">2016</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 U.S. plans</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>9.5</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">9.2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>9.8</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">9.1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Canadian plans</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>12.8</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">12.7
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>14.2</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">14.2
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(l) Cash flows &#x2013;
 contributions</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Total cash payments for all employee future benefits, comprised of
 cash contributed by the Company to funded defined benefit pension
 and retiree welfare plans, cash payments directly to beneficiaries
 in respect of unfunded pension and retiree welfare plans, and cash
 contributed to defined contribution pension plans, were as
 follows.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="66%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Pension plans</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Retiree welfare plans</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><b>2017</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">2016</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><b>2017</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">2016</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Defined benefit plans</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>85</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">106</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>12</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Defined contribution plans</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>75</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">69</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;160</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;175
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;12</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">$
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right">
 &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2013;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company&#x2019;s best estimate of expected cash payments for
 employee future benefits for the year ending December&#xA0;31, 2018
 is $101 for defined benefit pension plans, $77 for defined
 contribution pension plans and $9 for retiree welfare plans.</p>


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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for employee benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Section Scope<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=sect_Scope&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Text block1 [abstract]</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6887781952">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Interests in Structured Entities<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#2A517F"><b>Note
 17&#xA0;&#xA0;&#xA0;&#xA0; Interests in Structured
 Entities</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The Company is involved with both
 consolidated and unconsolidated structured entities
 (&#x201C;SEs&#x201D;) which are established to generate investment
 returns and/or fee income. The Company is also involved with SEs
 that are used to facilitate financing for the Company. These
 entities may have some or all of the following features: control is
 not readily identified based on voting rights; restricted
 activities designed to achieve a narrow objective; high amount of
 leverage; and/or highly structured capital.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The Company only discloses its
 involvement in significant consolidated and unconsolidated SEs. In
 assessing the significance, the Company considers the nature of its
 involvement with the SE, including whether it is sponsored by the
 Company (i.e. initially organized and managed by the Company).
 Other factors considered include the Company&#x2019;s investment in
 the SE as compared to total investments, its returns from the SE as
 compared to total net investment income, the SE&#x2019;s size as
 compared to total funds under management, and its exposure to any
 other risks from its involvement with the SE.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The Company does not provide
 financial or other support to its SEs, when it does not have a
 contractual obligation to do so.</font></p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(a)
 Consolidated SEs</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 3pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Investment SEs</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The Company acts as an investment
 manager of timberlands and timber companies. The Company&#x2019;s
 general fund and segregated funds invest in many of these
 companies. The Company has control over one timberland company
 which it manages, Hancock Victoria Plantations Holdings PTY Limited
 (&#x201C;HVPH&#x201D;). HVPH is a SE primarily because the
 Company&#x2019;s employees exercise voting rights over it on behalf
 of other investors. As at December&#xA0;31, 2017, the
 Company&#x2019;s consolidated timber assets relating to HVPH were
 $884 (2016&#xA0;&#x2013;&#xA0;$920). The Company does not provide
 guarantees to other parties against the risk of loss from
 HVPH.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Financing
 SEs</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The Company securitizes certain
 insured and variable rate commercial and residential mortgages and
 HELOC. This activity is facilitated by consolidated entities that
 are SEs because their operations are limited to issuing and
 servicing the Company&#x2019;s capital. Further information
 regarding the Company&#x2019;s mortgage securitization program is
 included in note 4.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(b)
 Unconsolidated SEs</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 3pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Investment SEs</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The following table presents the
 Company&#x2019;s investment and maximum exposure to loss from
 significant unconsolidated investment SEs, some of which are
 sponsored by the Company. The Company does not provide guarantees
 to other parties against the risk of loss from these
 SEs.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="66%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Company&#x2019;s investment<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Company&#x2019;s maximum</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">exposure to loss<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><b>2017</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">2016</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><b>2017</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">2016</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Leveraged leases<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;3,273</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;3,369</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;3,273</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;3,369</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Timberland companies<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>736</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">736</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>786</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">749</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Real estate companies<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>361</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">327
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>361</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">327
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,370</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">4,432
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,420</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">4,445
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">The Company&#x2019;s investments in
 these unconsolidated SEs are included in invested assets and the
 Company&#x2019;s returns from them are included in net investment
 income and AOCI.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">The Company&#x2019;s maximum exposure
 to loss from each SE is limited to amounts invested in each, plus
 unfunded capital commitments, if any. The Company&#x2019;s
 investment commitments are disclosed in note 18. The maximum loss
 is expected to occur only upon the entity&#x2019;s
 bankruptcy/liquidation, or as a result of a natural disaster in the
 case of the timber companies.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">These entities are statutory business
 trusts which use capital provided by the Company and senior debt
 provided by other parties to finance the acquisition of assets.
 These assets are leased to third-party lessees under long-term
 leases. The Company owns equity capital in these business trusts.
 The Company does not consolidate any of the trusts that are party
 to the lease arrangements because the Company does not have
 decision-making power over them.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></td>
 <td valign="top" align="left">These entities own and operate
 timberlands. The Company invests in their equity and debt. The
 Company&#x2019;s returns include investment income, investment
 advisory fees, forestry management fees and performance advisory
 fees. The Company does not control these entities because it either
 does not have the power to govern their financial and operating
 policies or does not have significant variable returns from them,
 or both.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></td>
 <td valign="top" align="left">These entities, which include the
 Manulife U.S. REIT, own and manage commercial real estate. The
 Company invests in their equity. The Company&#x2019;s returns
 include investment income, investment management fees, property
 management fees, acquisition/disposition fees, and leasing fees.
 The Company does not control these entities because it either does
 not have the power to govern their financial and operating policies
 or does not have significant variable returns from them, or
 both.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Financing
 SEs</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The following table presents the
 Company&#x2019;s interests and maximum exposure to loss from
 significant unconsolidated financing SEs.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="82%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Company&#x2019;s interests<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><b>2017</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">2016</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Finance (Delaware), L.P.<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>835</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">876</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Financial Capital Trust II<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,000</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">1,000
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;1,835</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;1,876
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">The Company&#x2019;s interests include
 amounts borrowed from the SEs and the Company&#x2019;s investment in
 their subordinated capital, and foreign currency and interest swaps
 with them, if any.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">This entity is a wholly-owned
 partnership used to facilitate the Company&#x2019;s financing. Refer
 to notes 12 and 18.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">This entity is an open-ended trust
 that is used to facilitate the Company&#x2019;s financing. Refer to
 note 12.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(i) Other
 invested assets</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The Company has investment
 relationships with a variety of other entities, which result from
 its direct investment in their debt and/or equity and which have
 been assessed for control. These other entities&#x2019; investments
 include, but are not limited to investments in power and
 infrastructure, oil and gas, private equity, real estate and
 agriculture, organized as limited partnerships and limited
 liability companies. Most of these other entities are not sponsored
 by the Company. The Company&#x2019;s involvement with these other
 entities is not individually significant. As such, the Company
 neither provides summary financial data for these entities nor
 individually assesses whether they are SEs. The Company&#x2019;s
 maximum exposure to losses because of its involvement with these
 other entities is limited to its investment in them and amounts
 committed to be invested but not yet funded. The Company records
 its income from these entities in net investment income and AOCI.
 The Company does not provide guarantees to other parties against
 the risk of loss from these other entities.</font></p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(ii)
 Interest in securitized assets</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The Company invests in
 mortgage/asset-backed securities issued by securitization vehicles
 sponsored by other parties, including private issuers and
 government sponsored issuers, to generate investment income. The
 Company does not own a controlling financial interest in any of the
 issuers. These securitization vehicles are SEs based on their
 narrow scope of activities and highly leveraged capital structures.
 Investments in mortgage/asset-backed securities are reported on the
 Consolidated Statements of Financial Position as debt securities
 and private placements, and their fair value and carrying value are
 disclosed in note 4. The Company&#x2019;s maximum loss from these
 investments is limited to amounts invested.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Commercial mortgage-backed
 securities (&#x201C;CMBS&#x201D;) are secured by commercial mortgages
 and residential mortgage-backed securities (&#x201C;RMBS&#x201D;) are
 secured by residential mortgages. Asset-backed securities
 (&#x201C;ABS&#x201D;) may be secured by various underlying assets
 including credit card receivables, automobile loans and aviation
 leases. The mortgage/asset-backed securities that the Company
 invests in primarily originate in North America.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The following table presents
 investments in securitized holdings by the type and asset
 quality.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="60%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="16"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="14" align="center"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="center">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">CMBS</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">RMBS</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">ABS</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 Total</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Total</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 AAA</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,390</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>45</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,068</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,503</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">2,269</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 AA</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>401</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>401</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">393</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 A</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>16</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>488</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>504</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">592</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 BBB</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>142</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>142</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">221</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 BB and below</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>12</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>14</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>26</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">38</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total company exposure</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;1,418</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;45</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;2,113</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;3,576</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;3,513</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(iii)
 Mutual funds</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The Company sponsors and may
 invest in a range of public mutual funds with a broad range of
 investment styles. As sponsor, the Company organizes mutual funds
 that implement investment strategies on behalf of current and
 future investors. The Company earns fees which are at market rates
 for providing advisory and administrative services to these mutual
 funds. Generally, the Company does not control its sponsored mutual
 funds because either the Company does not have power to govern
 their financial and operating policies, or its returns in the form
 of fees and ownership interests are not significant, or both.
 Certain mutual funds are SEs because their decision-making rights
 are not vested in voting equity interests and their investors are
 provided with redemption rights.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The Company&#x2019;s relationships
 with these mutual funds are not individually significant. As such,
 the Company neither provides summary financial data for these
 mutual funds nor individually assesses whether they are SEs. The
 Company&#x2019;s interest in mutual funds is limited to its
 investment and fees earned, if any. The Company&#x2019;s investments
 in mutual funds are recorded as part of its investment in public
 equities within the Consolidated Statements of Financial Position.
 For information regarding the Company&#x2019;s invested assets,
 refer to note 4. The Company does not provide guarantees to other
 parties against the risk of loss from these mutual
 funds.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">As sponsor, the Company&#x2019;s
 investment in startup capital of mutual funds as at
 December&#xA0;31, 2017 was $1,918 (2016&#xA0;&#x2013;&#xA0;$1,903).
 The Company&#x2019;s retail mutual fund assets under management as
 at December&#xA0;31, 2017 were $195,472
 (2016&#xA0;&#x2013;&#xA0;$169,919).</font></p>
 </div><span></span>
</td>
</tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for interests in other entities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 1<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_1&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6759643808">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Commitments and Contingencies<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TextBlock1Abstract', window );"><strong>Text block1 [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCommitmentsAndContingenciesExplanatory', window );">Commitments and Contingencies</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#2A517F"><b>Note
 18&#xA0;&#xA0;&#xA0;&#xA0; Commitments and
 Contingencies</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(a) Legal
 proceedings</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The Company is regularly involved
 in legal actions, both as a defendant and as a plaintiff. The legal
 actions where the Company is a party ordinarily relate to its
 activities as a provider of insurance protection or wealth
 management products, reinsurance, or its capacity as an investment
 adviser, employer, or taxpayer. Other life insurers and asset
 managers, operating in the jurisdictions in which the Company does
 business, have been subject to a wide variety of other types of
 actions, some of which resulted in substantial judgments or
 settlements against the defendants; it is possible that the Company
 may become involved in similar actions in the future. In addition,
 government and regulatory bodies in Canada, the United States, Asia
 and other jurisdictions where the Company conducts business
 regularly make inquiries and, from time to time, require the
 production of information or conduct examinations concerning the
 Company&#x2019;s compliance with, among other things, insurance
 laws, securities laws, and laws governing the activities of
 broker-dealers.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">A class action against John
 Hancock Life Insurance Company (U.S.A.) (&#x201C;JHUSA&#x201D;) is
 pending in the U.S. District Court for the Southern District of New
 York in which claims are made that JHUSA breached, and continues to
 breach, the contractual terms of certain universal life policies
 issued between approximately 1990 and 2006 by including
 impermissible charges in its cost of insurance (&#x201C;COI&#x201D;)
 calculations. The Company believes that its COI calculations have
 been, and continue to be, in accordance with the terms of the
 policies and intends to vigorously defend this action. Briefing on
 class certification is scheduled to be completed in late April. It
 is premature to attempt to predict any outcome or range of outcomes
 for this matter. A similar class action based on the same policy
 language in dispute in the case pending in New York had been
 pending in California. The parties have agreed to settle all claims
 alleged in the California action and are preparing final documents
 for approval by the supervising court; the financial terms of the
 settlement are not expected to be material to the
 Company.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(b)
 Investment commitments</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">In the normal course of business,
 various investment commitments are outstanding which are not
 reflected in the Consolidated Financial Statements. There were
 $8,235 (2016&#xA0;&#x2013;&#xA0;$7,505) of outstanding investment
 commitments as at December&#xA0;31, 2017, of which $682
 (2016&#xA0;&#x2013;&#xA0;$268) mature in 30 days, $2,177
 (2016&#xA0;&#x2013;&#xA0;$2,665) mature in 31 to 365 days and $5,376
 (2016&#xA0;&#x2013;&#xA0;$4,572) mature after one year.</font></p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(c)
 Letters of credit</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">In the normal course of business,
 third-party relationship banks issue letters of credit on the
 Company&#x2019;s behalf. The Company&#x2019;s businesses utilize
 letters of credit for which third parties are the beneficiaries, as
 well as for affiliate reinsurance transactions between its
 subsidiaries. As at December&#xA0;31, 2017, letters of credit for
 which third parties are beneficiary, in the amount of $77
 (2016&#xA0;&#x2013;&#xA0;$83), were outstanding.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(d)
 Guarantees</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 3pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(i)
 Guarantees regarding Manulife Finance (Delaware), L.P.
 (&#x201C;MFLP&#x201D;)</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">MFC has guaranteed the payment of
 amounts on the $650 subordinated debentures due on
 December&#xA0;15, 2041 issued by MFLP, a wholly-owned
 unconsolidated partnership.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(ii)
 Guarantees regarding The Manufacturers Life Insurance
 Company</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">On January&#xA0;29, 2007, MFC
 provided a subordinated guarantee, as amended and restated on
 January&#xA0;13, 2017, of Class&#xA0;A Shares and Class&#xA0;B
 Shares of MLI and any other class of preferred shares that rank in
 parity with Class&#xA0;A Shares or Class&#xA0;B Shares of MLI. For
 the following subordinated debentures issued by MLI, MFC has
 provided a subordinated guarantee on the day of issuance: $200
 issued on February&#xA0;25, 2013; $250 issued on November&#xA0;29,
 2013; $500 issued on February&#xA0;21, 2014; $500 issued on
 December&#xA0;1, 2014; $750 issued on March&#xA0;10, 2015; $350
 issued on June&#xA0;1, 2015; and $1,000 issued on November&#xA0;20,
 2015.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The following table sets forth
 certain condensed consolidated financial information for MFC and
 MFLP.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Condensed
 Consolidated Statements of Income Information</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="36%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">MFC<br />
 (Guarantor)</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">MLI<br />
 consolidated<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Other<br />
 subsidiaries of<br />
 MFC on a<br />
 combined&#xA0;basis</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Consolidating<br />
 adjustments</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 Total<br />
 consolidated<br />
 amounts</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">MFLP</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total revenue</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>182</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;58,445</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;&#xA0;270</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(574)</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;58,323</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;29</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net income (loss) attributed to shareholders</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;&#xA0;2,104</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,467</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(257</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;&#xA0;(2,210)</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,104</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="13"></td>
 <td height="13" colspan="4"></td>
 <td height="13" colspan="4"></td>
 <td height="13" colspan="4"></td>
 <td height="13" colspan="4"></td>
 <td height="13" colspan="4"></td>
 <td height="13" colspan="4"></td>
 <td height="13" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">MFC<br />
 (Guarantor)</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">MLI<br />
 consolidated<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Other<br />
 subsidiaries of<br />
 MFC on a<br />
 combined&#xA0;basis</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Consolidating<br />
 adjustments</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Total<br />
 consolidated<br />
 amounts</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">MFLP</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total revenue</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">518</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">53,219</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">377</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(777</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">53,337</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">44</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net income (loss) attributed to shareholders</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">2,929</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">2,916</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(359</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(2,557</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">2,929</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(1</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup>&#xA0;</td>
 <td valign="top" align="left">During 2017, MLI acquired John
 Hancock Reassurance Company Ltd. (&#x201C;JHRECO&#x201D;) from MFC.
 MLI has restated its historical IFRS financial statements to
 reflect the combined accounts of MLI and JHRECO on a retroactive
 basis.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Condensed
 Consolidated Statements of Financial Position</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="41%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">MFC<br />
 (Guarantor)</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">MLI<br />
 consolidated<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Other<br />
 subsidiaries of<br />
 MFC on a<br />
 combined&#xA0;basis</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Consolidating<br />
 adjustments</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 Total<br />
 consolidated<br />
 amounts</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">MFLP</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Invested assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>21</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>334,191</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;10</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;334,222</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;5</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total other assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;48,688</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>71,180</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>4</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(48,868</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>71,004</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,033</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Segregated funds net assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;324,307</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>324,307</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Insurance contract liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>304,605</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>304,605</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Investment contract liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,126</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,126</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Segregated funds net liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>324,307</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>324,307</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total other liabilities</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>7,696</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>48,145</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(509</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>55,332</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>831</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="13"></td>
 <td height="13" colspan="4"></td>
 <td height="13" colspan="4"></td>
 <td height="13" colspan="4"></td>
 <td height="13" colspan="4"></td>
 <td height="13" colspan="4"></td>
 <td height="13" colspan="4"></td>
 <td height="13" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">MFC<br />
 (Guarantor)</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">MLI<br />
 consolidated<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Other<br />
 subsidiaries of<br />
 MFC on a<br />
 combined&#xA0;basis</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Consolidating<br />
 adjustments</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Total<br />
 consolidated<br />
 amounts</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">MFLP</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Invested assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">161</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">321,698</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">
 &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;10</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">
 &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;321,869</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">6</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total other assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;48,073</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">83,607</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(48,049</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">83,635</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;1,085</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Segregated funds net assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;315,177</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">315,177</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Insurance contract liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">297,505</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">297,505</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Investment contract liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,275</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,275</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Segregated funds net liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">315,177</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">315,177</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total other liabilities</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">6,402</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">55,808</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(309</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">61,901</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">882</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)&#xA0;</sup></td>
 <td valign="top" align="left">During 2017, MLI acquired John
 Hancock Reassurance Company Ltd. (&#x201C;JHRECO&#x201D;) from MFC.
 MLI has restated its historical IFRS financial statements to
 reflect the combined accounts of MLI and JHRECO on a retroactive
 basis.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(iii)
 Guarantees regarding John Hancock Life Insurance Company (U.S.A.)
 (&#x201C;JHUSA&#x201D;)</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Details of guarantees regarding
 certain securities issued or to be issued by JHUSA are outlined in
 note 23.</font></p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(e)
 Pledged assets</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">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&#x2019;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.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The amounts pledged were as
 follows.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="60%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="8"></td>
 <td height="5" colspan="2"></td>
 <td height="5" colspan="8"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6" align="center">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Debt securities</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Other</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Debt securities</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Other</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 In respect of:</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Derivatives</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;3,189</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>44</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">4,678</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">99</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Regulatory requirements</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>398</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>86</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">409</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">78</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Real estate</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">22</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Repurchase agreements</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>228</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">255</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 <font style="WHITE-SPACE: nowrap">Non-registered</font> retirement
 plans in trust</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>412</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">464</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>271</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">3</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">174</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,818</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;815</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;5,345</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;837</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(f) Lease
 obligations</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The Company has a number of
 operating lease obligations, primarily for the use of office space.
 The aggregate future minimum lease payments under <font style="WHITE-SPACE: nowrap">non-cancelable</font> operating leases are
 $838 (2016&#xA0;&#x2013;&#xA0;$966). Payments by year are included
 in the &#x201C;Risk Management&#x201D; section of the Company&#x2019;s
 2017 MD&amp;A under Liquidity Risk.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(g)
 Participating business</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">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 &#x201C;closed
 blocks&#x201D;, transfers are governed by the terms of MLI&#x2019;s
 and John Hancock Mutual Life Insurance Company&#x2019;s plans of
 demutualization.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(h) Fixed
 surplus notes</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">A third party contractually
 provides standby financing arrangements for the Company&#x2019;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&#xA0;31, 2017, the Company had no fixed surplus notes
 outstanding.</font></p>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6887585088">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Segmented Information<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
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<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory', window );">Segmented Information</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#2A517F"><b>Note 19&#xA0;&#xA0;&#xA0;&#xA0; Segmented
 Information</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The Company&#x2019;s reporting segments are Asia, Canadian, U.S. and
 Corporate and Other Divisions. Each division manages profit and
 loss, develops products and services, defines distribution
 strategies based on the profile and needs of its business and
 market in which it operates. The significant product and service
 offerings of each division are as follows:</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <b>Protection (Asia, Canadian and U.S.
 Divisions).</b>&#xA0;Includes a variety of individual life
 insurance and individual and group long-term care insurance.
 Products are distributed through multiple distribution channels,
 including insurance agents, brokers, banks, financial planners and
 direct marketing.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <b>Wealth and Asset Management (Asia, Canadian and U.S.
 Divisions).</b>&#xA0;Offers pension contracts and mutual fund
 products and services. These businesses also offer a variety of
 retirement products to group benefit plans. These businesses
 distribute products through multiple distribution channels,
 including insurance agents and brokers affiliated with the Company,
 securities brokerage firms, financial planners, pension plan
 sponsors, pension plan consultants and banks.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <b>Other Wealth (Asia, Canadian and U.S.
 Divisions).</b>&#xA0;Includes annuities, single
 premium and banking products. Manulife Bank of Canada offers a
 variety of deposit and credit products to Canadian customers.
 Annuity contracts provide&#xA0;<font style="WHITE-SPACE: nowrap">non-guaranteed,</font>&#xA0;partially
 guaranteed and fully guaranteed investment options through general
 and separate account products. These businesses distribute products
 through multiple distribution channels, including insurance agents
 and brokers affiliated with the Company, financial planners and
 banks.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <b>Corporate and Other Segment.</b>&#xA0;Comprised of investment
 performance on assets backing capital, net of amounts allocated to
 operating divisions and financing costs; Property and Casualty
 (&#x201C;P&amp;C&#x201D;) Reinsurance Business; as well
 as&#xA0;<font style="WHITE-SPACE: nowrap">run-off</font>&#xA0;reinsurance
 operations including variable annuities and accident and
 health.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Certain allocation methodologies are employed in the preparation of
 segmented financial information. Indirect expenses are allocated to
 business segments using allocation formulas applied on a consistent
 basis, while capital is apportioned to the Company&#x2019;s business
 segments using a risk based methodology. The impact of changes in
 actuarial methods and assumptions (refer to note 8) reported in the
 Consolidated Statements of Income, is included in the Corporate and
 Other segment.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Effective January&#xA0;1, 2017, the operations of Manulife Asset
 Management are being reflected in the respective Divisional
 results. These operations were reported in the Corporate and Other
 division for 2016.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>By segment</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="50%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at and for the year
 ended</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>December&#xA0;31, 2017</b></font></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Asia
 Division</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Canadian<br />
 Division</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">U.S.
 Division</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Corporate<br />
 and&#xA0;Other</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Revenue</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Premium income</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Life and health insurance</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>13,145</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,322</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,778</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>110</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>24,355</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Annuities and pensions</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,568</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>443</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>844</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,855</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net premium income</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>15,713</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,765</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,622</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>110</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>28,210</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net investment income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,080</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,573</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>10,649</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>65</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>19,367</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other revenue</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,739</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,517</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6,166</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(676</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>10,746</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total revenue</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>21,532</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>12,855</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>24,437</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(501</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>58,323</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Contract benefits and expenses</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Life and health insurance</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>11,961</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,644</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16,464</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>461</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>34,530</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Annuities and pensions</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,051</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,813</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>907</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,771</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net benefits and claims</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>14,012</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,457</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>17,371</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>461</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>39,301</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest expense</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>164</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>307</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>37</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>631</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,139</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other expenses</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,937</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,435</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6,050</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(40</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>15,382</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total contract benefits and expenses</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>19,113</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>12,199</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>23,458</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,052</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>55,822</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Income (loss) before income taxes</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,419</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>656</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>979</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,553</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,501</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Income tax recovery (expense)</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(403</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>95</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,275</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,344</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(239</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net income (loss)</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,016</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>751</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(296</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(209</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,262</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Less net income (loss) attributed to:</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 <font style="WHITE-SPACE: nowrap">Non-controlling</font>&#xA0;interests</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>197</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>194</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Participating policyholders</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(30</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(6</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(36</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net income (loss) attributed to shareholders</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,849</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>757</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(296</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(206</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,104</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;105,233</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;220,755</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;383,528</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;20,017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;729,533</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at and for the year
 ended</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>December&#xA0;31, 2016</b></font></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Asia Division</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Canadian<br />
 Division</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">U.S. Division</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Corporate<br />
 and&#xA0;Other</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Revenue</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Premium income</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Life and health insurance</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;12,111</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">4,366</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">6,703</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">88</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">23,268</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Annuities and pensions</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">3,474</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">606</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">284</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">4,364</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net premium income</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">15,585</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,972</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,987</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">88</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">27,632</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net investment income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,143</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,255</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">7,980</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">146</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">14,524</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other revenue</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,566</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">3,480</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">5,591</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">544</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">11,181</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total revenue</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">19,294</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">12,707</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">20,558</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">778</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">53,337</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Contract benefits and expenses</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Life and health insurance</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10,435</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,207</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10,829</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">806</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">27,277</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Annuities and pensions</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2,913</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,179</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2,765</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">6,857</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net benefits and claims</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,348</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,386</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,594</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">806</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">34,134</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest expense</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">146</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">305</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">45</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">517</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,013</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other expenses</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">4,241</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">4,279</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">5,619</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">722</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">14,861</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total contract benefits and expenses</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">17,735</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">10,970</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">19,258</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2,045</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">50,008</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Income (loss) before income taxes</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,559</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,737</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,300</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,267</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,329</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Income tax recovery (expense)</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(243</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(250</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(166</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">463</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(196</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net income (loss)</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,316</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,487</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,134</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(804</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,133</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Less net income (loss) attributed to:</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 <font style="WHITE-SPACE: nowrap">Non-controlling</font>&#xA0;interests</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">115</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">28</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">143</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Participating policyholders</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">60</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">61</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net income (loss) attributed to shareholders</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">1,141</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">1,486</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">1,134</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(832</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">2,929</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">92,843</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;214,820</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;386,619</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;26,399</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;720,681</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The results of the Company&#x2019;s business segments differ from
 geographic segment primarily due to the allocation of
 Company&#x2019;s Corporate and Other division into the geographic
 segments to which its businesses relate.</p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14px; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>By geographic location</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 14pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="57%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at and for the year
 ended</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>December&#xA0;31, 2017</b></font></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Asia</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Canada</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">U.S.</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Other</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Revenue</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Premium income</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Life and health insurance</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>13,215</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,894</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,780</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>466</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>24,355</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Annuities and pensions</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,568</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>443</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>844</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,855</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net premium income</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>15,783</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,337</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,624</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>466</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>28,210</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net investment income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,258</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,642</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>10,407</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>60</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>19,367</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other revenue</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,632</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,187</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>5,911</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>16</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>10,746</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total revenue</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>21,673</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>12,166</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>23,942</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>542</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>58,323</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
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 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at and for the year
 ended</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>December&#xA0;31, 2016</b></font></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Asia</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Canada</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">U.S.</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Other</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Revenue</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Premium income</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Life and health insurance</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">12,184</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">3,909</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">6,705</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">470</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">23,268</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Annuities and pensions</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">3,474</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">606</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">284</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">4,364</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net premium income</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">15,658</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,515</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,989</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">470</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">27,632</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net investment income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,368</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,096</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">7,880</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">180</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">14,524</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other revenue</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,608</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">3,443</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">6,105</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">25</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">11,181</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total revenue</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;19,634</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;12,054</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;20,974</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;675</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;53,337</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for operating segments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Section Disclosure<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=sect_Disclosure&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Text block1 [abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Related Parties<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TextBlock1Abstract', window );"><strong>Text block1 [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRelatedPartyExplanatory', window );">Related Parties</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#2A517F"><b>Note
 20&#xA0;&#xA0;&#xA0;&#xA0;Related Parties</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Related party transactions were
 made in the normal course of business and at the terms that would
 exist in <font style="WHITE-SPACE: nowrap">arm&#x2019;s-length</font>
 transactions.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(a)
 Transactions with certain related parties</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Transactions with MFLP, a wholly
 owned unconsolidated partnership, and MFCT, a wholly owned
 unconsolidated trust, are described in notes 11, 12 and
 18.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(b)
 Compensation of key management personnel</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The Company&#x2019;s key management
 personnel are those personnel who have the authority and
 responsibility for planning, directing and controlling the
 activities of the Company. Directors (both executive and
 <font style="WHITE-SPACE: nowrap">non-executive)</font> and senior
 management are considered key personnel. Accordingly, the summary
 of compensation of key management personnel is as
 follows.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="78%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="5%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Short-term employee benefits</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>44</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">33</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Post-employment benefits</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Share-based payments</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>43</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">44</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Termination benefits</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>6</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other long-term benefits</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">3</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;98</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;87</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
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<div style="display: none;">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for related parties.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2017-01-01<br> -Section Disclosures<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=24&amp;date=2017-03-01&amp;anchor=sect_Disclosures&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Text block1 [abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6888026848">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Subsidiaries<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TextBlock1Abstract', window );"><strong>Text block1 [abstract]</strong></a></td>
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<tr class="ro">
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<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#2A517F"><b>Note
 21&#xA0;&#xA0;&#xA0;&#xA0;Subsidiaries</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The following is a list of
 Manulife&#x2019;s directly and indirectly held major operating
 subsidiaries.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
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 brackets beside company name)</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"><b>Address</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
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 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
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 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>The Manufacturers Life Insurance Company</b></p>
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center">Toronto, Canada</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Leading Canadian-based financial services company that offers a
 diverse range of financial protection products and wealth
 management services</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
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 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Holdings (Alberta) Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Calgary, Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Holding company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Financial Corporation</p>
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Holding
 company</td>
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 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 The Manufacturers Investment Corporation</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Michigan, U.S.A.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Holding company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 7em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Reassurance Company Ltd. U.S.A.</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center">Michigan, U.S.A.</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Captive insurance subsidiary that provides life, annuity and
 long-term care reinsurance to affiliates</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 7em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Life Insurance Company (U.S.A.)</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center">Michigan, U.S.A.</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 U.S. life insurance company licensed in all states, except New
 York</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 8em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Subsidiaries LLC</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Wilmington, Delaware, U.S.A.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Holding
 company</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 9em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Financial Network, Inc.</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Boston, Massachusetts,&#xA0;U.S.A.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Financial
 services distribution organization</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 9em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Advisers, LLC</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Boston, Massachusetts,&#xA0;U.S.A.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 Investment advisor</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 11em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Funds, LLC</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Boston, Massachusetts,&#xA0;U.S.A.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 Broker-dealer</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 9em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management (US) LLC</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Wilmington, Delaware, U.S.A.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Asset
 management company</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 9em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Hancock Natural Resource Group, Inc.</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Boston, Massachusetts,&#xA0;U.S.A.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Manager of globally diversified timberland and agricultural
 portfolios</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 8em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Life Insurance Company of New York</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">New York, U.S.A.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 U.S. life insurance company licensed in New York</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 8em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Investment Management Services, LLC</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Boston, Massachusetts,&#xA0;U.S.A.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 Investment advisor</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 8em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Life&#xA0;&amp; Health Insurance Company</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Boston, Massachusetts,&#xA0;U.S.A.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">U.S. life
 insurance company licensed in all states</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 8em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Distributors LLC</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Wilmington, Delaware, U.S.A.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 Broker-dealer</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 7em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Insurance Agency, Inc.</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Wilmington, Delaware, U.S.A.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Insurance
 agency</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 7em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Reinsurance Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Hamilton,&#xA0;Bermuda</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Provides life and financial reinsurance to affiliates</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 8em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Reinsurance (Bermuda) Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Hamilton,&#xA0;Bermuda</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Provides life and annuity reinsurance to affiliates</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Bank of Canada</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center">Waterloo,&#xA0;Canada</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Provides integrated banking products and service options not
 available from an insurance company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management Holdings (Canada) Inc.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Toronto, Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Holding company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management Limited</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center">Toronto, Canada</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Provides investment counseling, portfolio and mutual fund
 management in Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 First North American Insurance Company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Toronto, Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Property and casualty insurance company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 NAL Resources Management Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Calgary, Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Management company for oil and gas properties</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Resources Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Calgary, Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Holds oil and gas properties</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Property Limited Partnership</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Toronto, Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Holds oil and gas royalties</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Property Limited Partnership II</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center">Toronto, Canada</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Holds oil and gas royalties and foreign bonds and equities</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Western Holdings Limited Partnership</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Calgary, Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Holds oil and gas properties</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Securities Investment Services Inc.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Oakville, Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Mutual fund dealer for Canadian operations</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Holdings (Bermuda) Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Hamilton,&#xA0;Bermuda</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Holding company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manufacturers P&#xA0;&amp; C Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">St.&#xA0;Michael,&#xA0;Barbados</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Provides property and casualty reinsurance</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Financial Asia Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Hong&#xA0;Kong,&#xA0;China</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Holding company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife (Cambodia) PLC</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Phnom Penh, Cambodia</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Life
 insurance company</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manufacturers Life Reinsurance Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">St.&#xA0;Michael,&#xA0;Barbados</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Provides life and annuity reinsurance to affiliates</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife (Vietnam) Limited</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Ho Chi Minh City, Vietnam</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Life
 insurance company</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management (Vietnam) Company Limited</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Ho Chi Minh City, Vietnam</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Fund
 management company</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife International Holdings Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Hong&#xA0;Kong,&#xA0;China</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Holding company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife (International) Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Hong&#xA0;Kong,&#xA0;China</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Life insurance company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 7em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife-Sinochem Life Insurance Co. Ltd. (51%)</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Shanghai, China</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Life insurance company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management International Holdings Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Hong&#xA0;Kong,&#xA0;China</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Holding company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 7em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management (Hong Kong) Limited</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center">Hong&#xA0;Kong,&#xA0;China</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Investment management and advisory company marketing mutual
 funds</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 9em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management (Taiwan) Co., Ltd.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Taipei, Taiwan</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Asset management company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Life Insurance Company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Tokyo, Japan</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Life insurance company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management (Japan) Limited</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center">Tokyo, Japan</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Investment management and advisory company and mutual fund
 business</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Insurance (Thailand) Public Company Limited
 (92.1%)<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Bangkok,&#xA0;Thailand</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Life insurance company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management (Thailand) Company Limited
 (95.3%)<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Bangkok,&#xA0;Thailand</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Investment management company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Holdings Berhad (59.5%)</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Kuala Lumpur, Malaysia</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Holding
 company</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Insurance Berhad (59.5%)</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Kuala Lumpur, Malaysia</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Life
 insurance company</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management Services Berhad (59.5%)</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Kuala Lumpur, Malaysia</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Asset
 management company</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife (Singapore) Pte. Ltd.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Singapore</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Life insurance company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management (Singapore) Pte. Ltd.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Singapore</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Asset management company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 The Manufacturers Life Insurance Co. (Phils.), Inc.</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Makati City, Philippines</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Life
 insurance company</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Chinabank Life Assurance Corporation (60%)</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Makati City, Philippines</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Life
 insurance company</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 PT Asuransi Jiwa Manulife Indonesia</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Jakarta,&#xA0;Indonesia</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Life
 insurance company</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 PT Manulife Aset Manajemen Indonesia</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center">Jakarta,&#xA0;Indonesia</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Investment management company marketing mutual funds and
 discretionary funds</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management (Europe) Limited</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center">London, England</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Investment management company for Manulife Financial&#x2019;s
 international funds</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Assurance Company of Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Toronto, Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Life insurance company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 EIS Services (Bermuda) Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Hamilton, Bermuda</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Investment holding company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Berkshire Insurance Services Inc.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Toronto, Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Investment holding company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 JH Investments (Delaware) LLC</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Boston, Massachusetts,&#xA0;U.S.A.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 Investment holding company</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Securities Incorporated</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Oakville, Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Investment dealer</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management (North America) Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Toronto, Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Investment advisor</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Regional Power Inc.</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center">Mississauga,&#xA0;Canada</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Developer and operator of hydro-electric power projects</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">MFC voting rights percentages are the
 same as the ownership percentages except for Manulife Insurance
 (Thailand) Public Company Limited and Manulife Asset Management
 (Thailand) Company Limited where MFC&#x2019;s voting rights are
 98.1% and 98.9%, respectively.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of interests in subsidiaries. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 2<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_2_b_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Text block1 [abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6887923984">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Segregated Funds<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
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<td class="text">&#160;<span></span>
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<tr class="ro">
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<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#2A517F"><b>Note
 22&#xA0;&#xA0;&#xA0;&#xA0;Segregated Funds</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The Company manages a number of
 segregated funds on behalf of policyholders. Policyholders are
 provided with the opportunity to invest in different categories of
 segregated funds that respectively hold a range of underlying
 investments. The Company retains legal title to the underlying
 investments; however, returns from these investments belong to the
 policyholders. Accordingly, the Company does not bear the risk
 associated with these assets outside of guarantees offered on
 certain variable life and annuity products. The &#x201C;Risk
 Management&#x201D; section of the Company&#x2019;s 2017 MD&amp;A
 provides information regarding the variable annuity and segregated
 fund guarantees.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The composition of net assets by
 categories of segregated funds was within the following ranges for
 the years ended December&#xA0;31,&#xA0;2017 and 2016.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="76%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6" align="center">Ranges in per cent</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font style="FONT-SIZE: 8pt"><b>Type of fund</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Money market funds</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2%&#xA0;to&#xA0;3%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2% to 3%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Fixed income funds</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>14%&#xA0;to&#xA0;15%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">14% to 15%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Balanced funds</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>22% to
 29%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">22%&#xA0;to&#xA0;24%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity funds</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>55% to 60%</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">59% to 61%</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Money market funds consist of
 investments that have a term to maturity of less than one year.
 Fixed income funds primarily consist of investments in fixed grade
 income securities and may contain smaller investments in
 diversified equities or high-yield bonds. Relative to fixed income
 funds, balanced funds consist of fixed income securities and a
 larger equity investment component. The types of equity funds
 available to policyholders range from low volatility equity funds
 to aggressive equity funds. Equity funds invest in a varying mix of
 Canadian, U.S. and global equities.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The underlying investments of the
 segregated funds consist of both individual securities and mutual
 funds (collectively &#x201C;net assets&#x201D;), some of which may be
 structured entities. The carrying value and change in segregated
 funds net assets are as follows.</font></p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Segregated funds net assets</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="79%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Investments at market value</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Cash and short-term securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,756</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">4,524</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Debt securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>15,472</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">15,651</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Equities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,624</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12,458</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Mutual funds</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>288,007</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">278,966</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other investments</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,514</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,552</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Accrued investment income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>201</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">201</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other assets and liabilities, net</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(766</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(644</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total segregated funds net assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>324,808</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">315,708</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Composition of segregated funds net assets</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Held by policyholders</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>324,307</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">315,177</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Held by the Company</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>501</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">531</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total segregated funds net assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;324,808</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;315,708</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Fair value related information of
 segregated funds is disclosed in note 4(g).</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Changes
 in segregated funds net assets</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="79%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net policyholder cash flow</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Deposits from policyholders</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>34,776</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">33,130</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net transfers to general fund</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,734</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(878</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Payments to policyholders</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(45,970</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(39,731</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(12,928</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(7,479</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Investment related</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest and dividends</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16,930</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">15,736</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net realized and unrealized investment gains</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>24,384</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">4,097</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>41,314</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">19,833</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Other</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Management and administration fees</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(4,496</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(4,386</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Impact of changes in foreign exchange rates</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(14,790</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(6,007</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(19,286</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(10,393</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net additions</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>9,100</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,961</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Segregated funds net assets, beginning of year</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>315,708</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">313,747</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Segregated funds net assets, end of year</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;324,808</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;315,708</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Segregated funds assets may be
 exposed to a variety of financial and other risks. These risks are
 primarily mitigated by investment guidelines that are actively
 monitored by professional and experienced portfolio advisors. The
 Company is not exposed to these risks beyond the liabilities
 related to the guarantees associated with certain variable life and
 annuity products. Accordingly, the Company&#x2019;s exposure to loss
 from segregated fund products is limited to the value of these
 guarantees.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">These guarantee liabilities are
 recorded within the Company&#x2019;s insurance contract liabilities.
 Assets supporting these guarantees are recognized in invested
 assets according to their investment type.</font></p>
 </div><span></span>
</td>
</tr>
</table>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for segregated funds.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6887614320">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Information Provided in Connection with Investments in Deferred Annuity Contracts andSignatureNotes Issued or Assumed by John Hancock Life Insurance Company (U.S.A.)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TextBlock1Abstract', window );"><strong>Text block1 [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfConsolidatedAndSeparateFinancialStatementsExplanatory', window );">Information Provided in Connection with Investments in Deferred Annuity Contracts andSignatureNotes Issued or Assumed by John Hancock Life Insurance Company (U.S.A.)</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#2A517F"><b>Note
 23&#xA0;&#xA0;&#xA0;&#xA0; Information Provided in Connection with
 Investments in Deferred Annuity Contracts and</b>
 <b><i>Signature</i></b><b>Notes Issued or Assumed by John Hancock
 Life Insurance Company (U.S.A.)</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The following condensed
 consolidated financial information, presented in accordance with
 IFRS, and the related disclosure have been included in these
 Consolidated Financial Statements with respect to JHUSA in
 compliance with Regulation <font style="WHITE-SPACE: nowrap">S-X</font> and Rule <font style="WHITE-SPACE: nowrap">12h-5</font> of the United States Securities
 and Exchange Commission (the &#x201C;Commission&#x201D;). These
 financial statements are incorporated by reference in the MFC and
 its subsidiaries registration statements that are described below
 and which relate to MFC&#x2019;s guarantee of certain securities to
 be issued by its subsidiaries.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">JHUSA maintains a book of deferred
 annuity contracts that feature a market value adjustment and are
 registered with the Commission. The deferred annuity contracts may
 contain variable investment options along with fixed investment
 period options, or may offer only fixed investment period options.
 The fixed investment period options enable the participant to
 invest fixed amounts of money for fixed terms at fixed interest
 rates, subject to a market value adjustment if the participant
 desires to terminate a fixed investment period before its maturity
 date. The annuity contract provides for the market value adjustment
 to keep the parties whole with respect to the fixed interest
 bargain for the entire fixed investment period. These fixed
 investment period options that contain a market value adjustment
 feature are referred to as &#x201C;MVAs&#x201D;.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">JHUSA may also sell medium-term
 notes to retail investors under its <i>Signature</i>Notes
 program.</font></p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Effective December&#xA0;31, 2009,
 John Hancock Variable Life Insurance Company (the &#x201C;Variable
 Company&#x201D;) and John Hancock Life Insurance Company (the
 &#x201C;Life Company&#x201D;) merged with and into JHUSA. In
 connection with the mergers, JHUSA assumed the Variable
 Company&#x2019;s rights and obligations with respect to the MVAs
 issued by the Variable Company and the Life Company&#x2019;s rights
 and obligations with respect to the <i>Signature</i>Notes issued by
 the Life Company.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">MFC fully and unconditionally
 guaranteed the payment of JHUSA&#x2019;s obligations under the MVAs
 and under the <i>Signature</i>Notes (including the MVAs and
 <i>Signature</i>Notes assumed by JHUSA in the merger), and such
 MVAs and the <i>Signature</i>Notes were registered with the
 Commission. The <i>Signature</i>Notes and MVAs assumed or issued by
 JHUSA are collectively referred to in this note as the
 &#x201C;Guaranteed Securities&#x201D;. JHUSA is, and each of the
 Variable Company and the Life Company was, a wholly owned
 subsidiary of MFC.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">MFC&#x2019;s guarantees of the
 Guaranteed Securities are unsecured obligations of MFC, and are
 subordinated in right of payment to the prior payment in full of
 all other obligations of MFC, except for other guarantees or
 obligations of MFC which by their terms are designated as ranking
 equally in right of payment with or subordinate to MFC&#x2019;s
 guarantees of the Guaranteed Securities.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The laws of the State of New York
 govern MFC&#x2019;s guarantees of the <i>Signature</i>Notes issued
 or assumed by JHUSA and the laws of the Commonwealth of
 Massachusetts govern MFC&#x2019;s guarantees of the MVAs issued or
 assumed by JHUSA. MFC has consented to the jurisdiction of the
 courts of New York and Massachusetts. However, because a
 substantial portion of MFC&#x2019;s assets are located outside the
 United States, the assets of MFC located in the United States may
 not be sufficient to satisfy a judgment given by a federal or state
 court in the United States to enforce the subordinate guarantees.
 In general, the federal laws of Canada and the laws of the Province
 of Ontario, where MFC&#x2019;s principal executive offices are
 located, permit an action to be brought in Ontario to enforce such
 a judgment provided that such judgment is subsisting and
 unsatisfied for a fixed sum of money and not void or voidable in
 the United States and a Canadian court will render a judgment
 against MFC in a certain dollar amount, expressed in Canadian
 dollars, subject to customary qualifications regarding fraud,
 violations of public policy, laws limiting the enforcement of
 creditor&#x2019;s rights and applicable statutes of limitations on
 judgments. There is currently no public policy in effect in the
 Province of Ontario that would support avoiding the recognition and
 enforcement in Ontario of a judgment of a New York or Massachusetts
 court on MFC&#x2019;s guarantees of the <i>Signature</i>Notes issued
 or assumed by JHUSA or a Massachusetts court on guarantees of the
 MVAs issued or assumed by JHUSA.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">MFC is a holding company.
 MFC&#x2019;s assets primarily consist of investments in its
 subsidiaries. MFC&#x2019;s cash flows primarily consist of dividends
 and interest payments from its operating subsidiaries, offset by
 expenses and shareholder dividends and MFC stock repurchases. As a
 holding company, MFC&#x2019;s ability to meet its cash requirements,
 including, but not limited to, paying any amounts due under its
 guarantees, substantially depends upon dividends from its operating
 subsidiaries.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">These subsidiaries are subject to
 certain regulatory restrictions under laws in Canada, the United
 States and certain other countries, which may limit their ability
 to pay dividends or make contributions or loans to MFC. For
 example, some of MFC&#x2019;s subsidiaries are subject to
 restrictions prescribed by the ICA on their ability to declare and
 pay dividends. The restrictions related to dividends imposed by the
 ICA are described in note 14.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">In the United States, insurance
 laws in Michigan, New York, and Massachusetts, the jurisdictions in
 which certain of MFC&#x2019;s U.S. insurance company subsidiaries
 are domiciled, impose general limitations on the payment of
 dividends and other upstream distributions or loans by these
 insurance subsidiaries. These limitations are described in note
 14.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">In Asia, the insurance laws of the
 jurisdictions in which MFC operates either provide for specific
 restrictions on the payment of dividends or other distributions or
 loans by subsidiaries or impose solvency or other financial tests,
 which could affect the ability of subsidiaries to pay dividends in
 certain circumstances.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">There can be no assurance that any
 current or future regulatory restrictions in Canada, the United
 States or Asia will not impair MFC&#x2019;s ability to meet its cash
 requirements, including, but not limited to, paying any amounts due
 under its guarantee.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The following condensed
 consolidated financial information, presented in accordance with
 IFRS, reflects the effects of the mergers and is provided in
 compliance with Regulation <font style="WHITE-SPACE: nowrap">S-X</font> and in accordance with Rule
 <font style="WHITE-SPACE: nowrap">12h-5</font> of the
 Commission.</font></p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Condensed
 Consolidated Statement of Financial Position</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 </p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="54%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">MFC<br />
 (Guarantor)</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">JHUSA<br />
 (Issuer)</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Other<br />
 subsidiaries</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Consolidation<br />
 adjustments</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Consolidated<br />
 MFC</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Assets</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Invested assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>21</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>108,144</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>226,421</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(364</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>334,222</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Investments in unconsolidated subsidiaries</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>48,374</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,509</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>14,999</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(69,882</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Reinsurance assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>49,927</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>8,281</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(27,849</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>30,359</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>314</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>18,678</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>40,715</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(19,062</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>40,645</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Segregated funds net assets</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>176,139</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>149,812</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,644</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>324,307</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>48,709</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>359,397</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>440,228</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(118,801</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>729,533</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Liabilities and equity</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Insurance contract liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>147,155</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>185,884</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(28,434</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>304,605</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Investment contract liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,130</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,998</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,126</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>297</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>19,399</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>41,394</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(18,930</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>42,160</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Long-term debt</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,784</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,785</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Capital instruments</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,615</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>584</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,188</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>8,387</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Segregated funds net liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>176,139</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>149,812</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,644</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>324,307</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Shareholders&#x2019; equity</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>41,013</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>14,990</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>54,801</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(69,791</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>41,013</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Participating policyholders&#x2019; equity</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>221</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>221</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <font style="WHITE-SPACE: nowrap">Non-controlling</font>
 interests</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>929</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>929</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total liabilities and equity</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;48,709</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;359,397</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;440,228</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(118,801</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;729,533</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top" colspan="20">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>Condensed Consolidated Statement of
 Financial Position</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>&#xA0;</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt">
 </p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">MFC<br />
 (Guarantor)</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">JHUSA<br />
 (Issuer)</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Other<br />
 subsidiaries</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Consolidation<br />
 adjustments</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Consolidated<br />
 MFC</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Assets</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Invested assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">161</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">109,063</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">213,043</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(398</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">321,869</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Investments in unconsolidated subsidiaries</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">47,758</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,457</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">17,504</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(71,719</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Reinsurance assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">51,537</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10,069</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(26,654</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">34,952</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">315</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">28,718</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">43,931</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(24,281</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">48,683</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Segregated funds net assets</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">174,917</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">142,400</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(2,140</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">315,177</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;48,234</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;370,692</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;426,947</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(125,192</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;720,681</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Liabilities and equity</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Insurance contract liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">147,504</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">177,524</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(27,523</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">297,505</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Investment contract liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,251</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,027</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(3</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,275</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">252</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">28,892</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">43,994</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(24,113</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">49,025</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Long-term debt</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,689</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">7</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,696</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Capital instruments</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">461</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">627</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,092</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">7,180</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Segregated funds net liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">174,917</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">142,400</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2,140</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">315,177</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Shareholders&#x2019; equity</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">41,832</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">17,501</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">53,912</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(71,413</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">41,832</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Participating policyholders&#x2019; equity</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">248</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">248</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <font style="WHITE-SPACE: nowrap">Non-controlling</font>
 interests</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">743</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">743</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total liabilities and equity</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">48,234</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">370,692</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">426,947</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(125,192</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">720,681</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 12px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Condensed
 Consolidated Statement of Income</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 </p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="47%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">MFC<br />
 (Guarantor)</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">JHUSA<br />
 (Issuer)</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Other<br />
 subsidiaries</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Consolidation<br />
 adjustments</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Consolidated<br />
 MFC</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Revenue</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net premium income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>11,084</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>17,130</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(4</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>28,210</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net investment income (loss)</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>178</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,986</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>11,947</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(744</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>19,367</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net other revenue</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,874</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>10,912</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(3,044</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>10,746</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total revenue</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>182</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>21,944</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>39,989</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(3,792</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>58,323</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Contract benefits and expenses</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net benefits and claims</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>20,803</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>19,179</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(681</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>39,301</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Commissions, investment and general expenses</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>11</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,208</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>13,900</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(2,097</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>15,022</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other expenses</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>404</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>194</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,915</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,014</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,499</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total contract benefits and expenses</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>415</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;24,205</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;34,994</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(3,792</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>55,822</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Income (loss) before income taxes</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(233</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(2,261</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,995</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,501</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Income tax (expense) recovery</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>62</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,134</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,435</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(239</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Income (loss) after income taxes</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(171</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,127</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,560</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;2,262</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity in net income (loss) of unconsolidated subsidiaries</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,275</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>628</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(486</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2,417</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net income (loss)</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;2,104</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(499</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,074</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(2,417</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,262</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net income (loss) attributed to:</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 <font style="WHITE-SPACE: nowrap">Non-controlling</font>
 interests</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>194</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>194</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Participating policyholders</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(10</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(36</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>10</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(36</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Shareholders</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,104</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(489</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,916</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2,427</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,104</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,104</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(499</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,074</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2,417</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;2,262</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 12pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Condensed
 Consolidated Statement of Income</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 </p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="47%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">MFC<br />
 (Guarantor)</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">JHUSA<br />
 (Issuer)</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Other<br />
 subsidiaries</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Consolidation<br />
 adjustments</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Consolidated<br />
 MFC</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Revenue</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net premium income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,021</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">22,611</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">27,632</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net investment income (loss)</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">475</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,191</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">9,092</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,234</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">14,524</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net other revenue</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">43</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2,569</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">11,108</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(2,539</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">11,181</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total revenue</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">518</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">13,781</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">42,811</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(3,773</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">53,337</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Contract benefits and expenses</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net benefits and claims</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10,340</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">24,748</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(954</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">34,134</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Commissions, investment and general expenses</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">11</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,272</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,016</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,840</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">14,459</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other expenses</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">259</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">59</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2,076</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(979</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,415</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total contract benefits and expenses</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">270</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;13,671</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;39,840</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(3,773</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;50,008</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Income (loss) before income taxes</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">248</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">110</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,971</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,329</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Income tax (expense) recovery</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">28</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">251</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(475</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(196</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Income (loss) after income taxes</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">276</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">361</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,496</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,133</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity in net income (loss) of unconsolidated subsidiaries</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2,653</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">211</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">572</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(3,436</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net income (loss)</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;2,929</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">572</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">3,068</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(3,436</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">3,133</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net income (loss) attributed to:</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 <font style="WHITE-SPACE: nowrap">Non-controlling</font>
 interests</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">143</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">143</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Participating policyholders</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(48</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">61</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">48</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">61</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Shareholders</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2,929</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">620</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2,864</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(3,484</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2,929</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">2,929</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">572</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">3,068</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(3,436</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;3,133</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Consolidated Statement of Cash
 Flows</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 </p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="54%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">MFC</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(Guarantor)</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">JHUSA</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(Issuer)</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Other</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">subsidiaries</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Consolidation</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">adjustments</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Consolidated</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">MFC</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Operating activities</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net income (loss)</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;2,104</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(499</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;3,074</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(2,417</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,262</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Adjustments:</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Equity in net income of unconsolidated subsidiaries</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(2,275</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(628</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>486</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,417</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Increase (decrease) in insurance contract liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16,877</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,146</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>20,023</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Increase (decrease) in investment contract liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>55</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>118</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>173</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 (Increase) decrease in reinsurance assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(1,890</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,159</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,269</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Amortization of (premium) discount on invested assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>24</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>206</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>230</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other amortization</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>4</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>123</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>433</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>560</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Net realized and unrealized (gains) losses and impairment on
 assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(7</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(2,609</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(4,572</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(7,188</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Deferred income tax expense (recovery)</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(59</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(2,239</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,967</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(331</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Stock option expense</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(4</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>19</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>15</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Cash provided by (used in) operating activities before undernoted
 items</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(233</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>9,210</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>9,036</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>18,013</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Dividends from unconsolidated subsidiary</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,700</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>125</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,175</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(4,000</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Changes in policy related and operating receivables and
 payables</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(45</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(4,627</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,450</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(222</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Cash provided by (used in) operating activities</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,422</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,708</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>14,661</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(4,000</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>17,791</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Investing activities</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Purchases and mortgage advances</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(30,645</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(56,579</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(87,224</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Disposals and repayments</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>26,952</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>43,768</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>70,720</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Changes in investment broker net receivables and payables</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>182</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>45</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>227</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Investment in common shares of subsidiaries</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(2,473</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,473</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net cash decrease from sale and purchase of subsidiaries and
 businesses</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(10</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(10</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Capital contribution to unconsolidated subsidiaries</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(63</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>63</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Return of capital from unconsolidated subsidiaries</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>11</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(11</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Notes receivable from affiliates</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>201</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(201</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Notes receivable from parent</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>368</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>24</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(392</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Notes receivable from subsidiaries</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(16</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(10</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>26</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Cash provided by (used in) investing activities</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2,489</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(3,205</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(12,551</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,958</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(16,287</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Financing activities</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Increase (decrease) in repurchase agreements and securities sold
 but not yet purchased</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(29</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(29</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Redemption of long-term debt</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(600</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(7</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(607</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Issue of capital instruments, net</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,209</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,209</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Redemption of capital instruments</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(899</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(899</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Secured borrowings from securitization transactions</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>741</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>741</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Changes in deposits from Bank clients, net</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>261</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>261</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Shareholders&#x2019; dividends paid in cash</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,780</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,780</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Dividends paid to parent</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,175</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(2,825</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,000</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Contributions from (distributions to) <font style="WHITE-SPACE: nowrap">non-controlling</font> interests, net</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(6</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(6</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Common shares issued, net</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>124</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,473</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(2,473</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>124</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Capital contributions by parent</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>63</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(63</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Return of capital to parent</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(11</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>11</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Notes payable to affiliates</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(201</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>201</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Notes payable to parent</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>26</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(26</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Notes payable to subsidiaries</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(24</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(368</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>392</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Cash provided by (used in) financing activities</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(71</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,376</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(581</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,042</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>14</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Cash and short-term securities</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Increase (decrease) during the year</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(138</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>127</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,529</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,518</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Effect of foreign exchange rate changes on cash and
 short-term&#xA0;securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(276</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(380</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(658</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Balance, beginning of year</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>161</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,787</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>10,290</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>14,238</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Balance, end of year</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>21</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,638</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>11,439</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>15,098</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Cash and short-term securities</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Beginning of year</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Gross cash and short-term securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>161</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,317</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>10,673</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>15,151</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net payments in transit, included in other liabilities</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(530</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(383</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(913</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net cash and short-term securities, beginning of year</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>161</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,787</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>10,290</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>14,238</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>End of year</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Gross cash and short-term securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>21</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,133</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>11,811</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>15,965</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net payments in transit, included in other liabilities</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(495</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(372</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(867</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net cash and short-term securities, end of year</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>21</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,638</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>11,439</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>15,098</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Supplemental disclosures on cash flow information:</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest received</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>273</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,391</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,504</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(572</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>10,596</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest paid</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>392</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>96</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,202</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(572</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,118</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Income taxes paid</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>99</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,084</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>177</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,360</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt; MARGIN-TOP: 12pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Consolidated Statement of Cash
 Flows</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 </p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="56%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">MFC</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(Guarantor)</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">JHUSA</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(Issuer)</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Other</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">subsidiaries</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Consolidation</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">adjustments</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Consolidated</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">MFC</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Operating activities</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net income (loss)</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">2,929</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">572</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">3,068</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(3,436</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">3,133</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Adjustments:</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Equity in net income of unconsolidated subsidiaries</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2,653</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(211</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(572</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,436</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Increase (decrease) in insurance contract liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,225</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12,789</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18,014</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Increase (decrease) in investment contract liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">58</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(58</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 (Increase) decrease in reinsurance assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,444</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">602</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(842</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Amortization of (premium) discount on invested assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(5</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">83</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">78</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other amortization</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">284</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">407</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">693</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Net realized and unrealized (gains) losses and impairment on
 assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(9</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(917</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,878</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2,804</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Deferred income tax expense (recovery)</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">391</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(629</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(235</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Stock option expense</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(1</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">20</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">19</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Cash provided by (used in) operating activities before undernoted
 items</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">272</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,952</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,832</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18,056</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Dividends from unconsolidated subsidiary</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,950</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">111</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2,061</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Changes in policy related and operating receivables and
 payables</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">171</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(1,291</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">81</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(1,039</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Cash provided by (used in) operating activities</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">2,393</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">2,772</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">13,913</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(2,061</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">17,017</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Investing activities</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Purchases and mortgage advances</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(32</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(34,656</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(69,371</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(104,059</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Disposals and repayments</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">32,343</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">49,658</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">82,001</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Changes in investment broker net receivables and payables</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(35</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(151</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(186</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Investment in common shares of subsidiaries</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(5,706</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,706</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net cash decrease from sale and purchase of subsidiaries and
 businesses</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(495</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(495</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Capital contribution to unconsolidated subsidiaries</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(350</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">350</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Return of capital from unconsolidated subsidiaries</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Notes receivable from affiliates</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">544</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(544</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Notes receivable from parent</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">344</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(344</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Notes receivable from subsidiaries</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(6</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(40</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">46</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Cash provided by (used in) investing activities</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(5,744</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(2,737</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(19,471</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">5,213</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(22,739</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Financing activities</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 (Decrease) increase in repurchase agreements and securities sold
 but not&#xA0;yet purchased</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(23</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(23</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Issue of long-term debt, net</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,899</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,899</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Redemption of long-term debt</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(158</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(158</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Issue of capital instruments, net</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">479</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">479</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Redemption of capital instruments</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(949</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(949</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Secured borrowings from securitization transactions</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">847</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">847</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Changes in deposits from Bank clients, net</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(157</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(157</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Shareholders&#x2019; dividends paid in cash</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,593</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,593</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Contributions from (distributions to) <font style="WHITE-SPACE: nowrap">non-controlling</font> interests, net</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Common shares issued, net</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">66</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,706</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(5,706</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">66</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Preferred shares issued, net</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">884</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">884</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Dividends paid to parent</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2,061</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">
 &#xA0;&#xA0;&#xA0;&#xA0;2,061</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Capital contributions by parent</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">350</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(350</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Return of capital to parent</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Notes payable to affiliates</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(544</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">544</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Notes payable to parent</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">46</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(46</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Notes payable to subsidiaries</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(344</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">344</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Cash provided by (used in) financing activities</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;3,391</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(544</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">3,610</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(3,152</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">3,305</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Cash and short-term securities</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Increase (decrease) during the year</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">40</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(509</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,948</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2,417</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Effect&#xA0;of foreign exchange rate changes on cash and short-term
 securities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(149</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(197</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(347</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Balance, beginning of year</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">122</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">4,445</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">12,435</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">17,002</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Balance, end of year</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">161</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;3,787</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;10,290</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;&#xA0;14,238</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Cash and short-term securities</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Beginning of year</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Gross cash and short-term securities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">122</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,938</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12,825</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">17,885</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net payments in transit, included in other liabilities</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(493</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(390</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(883</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net cash and short-term securities, beginning of year</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">122</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">4,445</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">12,435</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">17,002</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>End of year</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Gross cash and short-term securities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">161</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,317</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10,673</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">15,151</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net payments in transit, included in other liabilities</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(530</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(383</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(913</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net cash and short-term securities, end of year</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">161</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">3,787</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">10,290</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">$</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">14,238</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Supplemental disclosures on cash flow information:</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest received</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">4,523</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">6,795</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(768</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">10,550</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest paid</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">210</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">144</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,397</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(768</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">983</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Income taxes paid</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">35</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">68</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">738</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6887716576">
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 The&#xA0; shaded text and tables in the following sections of this
 MD&amp;A represent our disclosure on market and liquidity risk in
 accordance with IFRS 7, &#x201C;Financial Instruments &#x2013;
 Disclosures,&#x201D; and include a discussion on how we measure risk
 and our objectives, policies and methodologies for managing these
 risks. Therefore, the following shaded text and tables represent an
 integral part of our audited annual Consolidated Financial
 Statements for the years ended December&#xA0;31, 2017 and
 December&#xA0;31, 2016. The fact that certain text and tables are
 considered an integral part of the Consolidated Financial
 Statements does not imply that the disclosures are of any greater
 importance than the sections not part of the disclosure.
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 read in its entirety.</p>
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 <font color="#1F320C"><b>Market risk is the risk of loss resulting
 from market price volatility, interest rate change, credit and swap
 spread changes, and from adverse foreign currency rate movements.
 Market price volatility primarily relates to changes in prices of
 publicly traded equities and alternative long-duration
 assets.</b></font></p>
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 Market risk is governed by the Global Asset Liability Committee
 which oversees the overall market and liquidity risk program. Our
 overall strategy to manage our market risks incorporates several
 component strategies, each targeted to manage one or more of the
 market risks arising from our businesses. At an enterprise level,
 these strategies are designed to manage our aggregate exposures to
 market risks against economic capital, regulatory required capital
 and earnings-at-risk limits.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN-TOP: 6pt">
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 risks.</p>
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 &#xA0;</td>
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 Product design and pricing</p>
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 Macro equity risk hedging</p>
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 Asset liability management</p>
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 Foreign exchange management</p>
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 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">X</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 To reduce publicly traded equity performance risk, we primarily use
 a variable annuity guarantee dynamic hedging strategy which is
 complemented by a general macro equity risk hedging strategy. Our
 strategies employed for variable annuity guarantee dynamic hedging
 and macro equity risk hedging expose the Company to additional
 risks. See &#x201C;Risk Factors&#x201D; below.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 In general, to seek to reduce interest rate risk, we lengthen the
 duration of our fixed income investments in our liability and
 surplus segments by executing interest rate hedges.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 We seek to limit concentration risk associated with ALDA
 performance by investing in a diversified basket of assets
 including public and private equities, commercial real estate,
 infrastructure, timber, farmland real estate, and oil and gas
 assets. We further diversify risk by managing investments against
 established limits, including for industry type and corporate
 connection, commercial real estate type and geography, and timber
 and farmland property geography and crop type.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 Our foreign exchange risk management strategy is designed to hedge
 the sensitivity of our regulatory capital ratios to movements in
 foreign exchange rates. Our policy is to generally match the
 currency of our assets with the currency of the liabilities they
 support, and similarly, to generally match the currency of the
 assets in our shareholders&#x2019; equity account to the currency of
 our required capital. Where assets and liabilities are not currency
 matched, we seek to stabilize our capital ratios through the use of
 financial instruments such as derivatives.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font color="#1F320C"><b>Product Design and Pricing
 Strategy</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%">
 Our policies, standards, and standards of practice with respect to
 product design and pricing are designed with the objective of
 aligning our product offerings with our risk taking philosophy and
 risk appetite, and in particular, that incremental risk generated
 from new sales aligns with our strategic risk objectives and risk
 limits. The specific design features of our product offerings,
 including level of benefit guarantees, policyholder options, fund
 offerings and availability restrictions as well as our associated
 investment strategies, help to mitigate the level of underlying
 risk. We regularly review and modify key features within our
 product offerings, including premiums and fee charges with a goal
 of meeting profit targets and staying within risk limits. Certain
 of our general fund adjustable benefit products have minimum rate
 guarantees. The rate guarantees for any particular policy are set
 at the time the policy is issued and governed by insurance
 regulation in each jurisdiction where the products are sold. The
 contractual provisions allow crediting rates to be re-set at
 pre-established intervals subject to the established minimum
 crediting rate guarantees. The Company may partially mitigate the
 interest rate exposure by setting new rates on new business and by
 adjusting rates on in-force business where permitted. In addition,
 the Company partially mitigates this interest rate risk through its
 asset liability management process, product design elements, and
 crediting rate strategies. New product initiatives, new reinsurance
 arrangements and material insurance underwriting initiatives must
 be reviewed and approved by the CRO or key individuals within risk
 management functions.</p>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font color="#1F320C"><b>Hedging Strategies for Variable Annuity
 and Other Equity Risks</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%">
 The Company&#x2019;s exposure to movement in public equity market
 values primarily arises from variable annuity guarantees and to a
 smaller extent from asset-based fees and general fund public equity
 holdings.</p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt">
 Dynamic hedging is the primary hedging strategy for variable
 annuity market risks. Dynamic hedging is employed for new variable
 annuity guarantees business when written or as soon as practical
 thereafter.</p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt">
 We seek to manage public equity risk arising from other sources
 (not dynamically hedged) through our macro equity risk hedging
 strategy. We seek to manage interest rate risk arising from
 variable annuity business not dynamically hedged within our asset
 liability management strategy.</p>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font color="#1F320C"><b>Variable Annuity Dynamic Hedging
 Strategy</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%">
 The variable annuity dynamic hedging strategy is designed to hedge
 the sensitivity of variable annuity guarantee policy liabilities
 and available capital to fund performance (both public equity and
 bond funds) and interest rate movements. The objective of the
 variable annuity dynamic hedging strategy is to offset, as closely
 as possible, the change in the economic value of guarantees with
 the profit and loss from our hedge asset portfolio. The economic
 value of guarantees moves in close tandem, but not exactly, with
 our variable annuity guarantee policy liabilities, as it reflects
 best estimate liabilities and does not include any liability
 provisions for adverse deviations.</p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt">
 Our current variable annuity guarantee dynamic hedging approach is
 to short exchange-traded equity index and government bond futures
 and execute currency futures and lengthening interest rate swaps to
 hedge sensitivity of policy liabilities to fund performance and
 interest rate movements arising from variable annuity guarantees.
 We dynamically rebalance these hedge instruments as market
 conditions change, in order to maintain the hedged position within
 established limits. Other derivative instruments (such as equity
 and interest rate options) are also utilized and we may consider
 the use of additional hedge instruments opportunistically in the
 future.</p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt">
 Our variable annuity guarantee dynamic hedging strategy is not
 designed to completely offset the sensitivity of policy liabilities
 to all risks associated with the guarantees embedded in these
 products. The profit (loss) on the hedge instruments will not
 completely offset the underlying losses (gains) related to the
 guarantee liabilities hedged because:</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Policyholder behaviour and mortality
 experience are not hedged;</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Provisions for adverse deviation in
 the policy liabilities are not hedged;</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">A portion of interest rate risk is
 not hedged;</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Credit spreads widen and actions are
 not taken to adjust accordingly;</td>
 </tr>
 </table>
 </div>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Fund performance on a small portion
 of the underlying funds is not hedged due to lack of availability
 of effective exchange-traded hedge instruments;</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Performance of the underlying funds
 hedged may differ from the performance of the corresponding hedge
 instruments;</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Correlations between interest rates
 and equity markets could lead to unfavourable material
 impacts;</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Unfavourable hedge rebalancing costs
 can be incurred during periods of high volatility from equity
 markets, bond markets and/or interest rates. The impact is
 magnified when these impacts occur concurrently; and</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Not all other risks are hedged.</td>
 </tr>
 </table>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font color="#1F320C"><b>Macro Equity Risk Hedging
 Strategy</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%">
 The objective of the macro equity risk hedging program is to
 maintain our overall earnings sensitivity to public equity market
 movements within our Board approved risk appetite limits. The macro
 equity risk hedging program is designed to hedge earnings
 sensitivity due to movements in public equity markets arising from
 all sources (outside of dynamically hedged exposures). Sources of
 equity market sensitivity addressed by the macro equity risk
 hedging program include:</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Residual equity and currency exposure
 from variable annuity guarantees not dynamically hedged;</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">General fund equity holdings backing
 non-participating liabilities;</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Variable life insurance;</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Unhedged provisions for adverse
 deviation related to variable annuity guarantees dynamically
 hedged; and</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Variable annuity fees not associated
 with guarantees and fees on segregated funds without guarantees,
 mutual funds and institutional assets managed.</td>
 </tr>
 </table>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font color="#1F320C"><b>Asset Liability Management
 Strategy</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%">
 Our asset liability management strategy is designed to help ensure
 that the market risks embedded in our assets and liabilities held
 in the Company&#x2019;s general fund are effectively managed and
 that risk exposures arising from these assets and liabilities are
 maintained below targeted levels. The embedded market risks include
 risks related to the level and movement of interest rates and
 credit spreads, public equity market performance, ALDA performance
 and foreign exchange rate movements.</p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt">
 General fund product liabilities are segmented into groups with
 similar characteristics that are supported by specific asset
 segments. We seek to manage each segment to a target investment
 strategy appropriate for the premium and benefit pattern,
 policyholder options and guarantees, and crediting rate strategies
 of the products they support. Similar strategies are established
 for assets in the Company&#x2019;s surplus account. The strategies
 are set using portfolio analysis techniques intended to optimize
 returns, subject to considerations related to regulatory and
 economic capital requirements, and risk tolerances. They are
 designed to achieve broad diversification across asset classes and
 individual investment risks while being suitably aligned with the
 liabilities they support. The strategies encompass asset mix,
 quality rating, term profile, liquidity, currency and industry
 concentration targets.</p>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 Products which feature guaranteed liability cash flows (i.e. where
 the projected net flows are not materially dependent upon economic
 scenarios) are managed to a target return investment strategy. The
 products backed by this asset segment include:</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 </p>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Accumulation annuities (other than
 annuities with pass-through features), which are primarily
 short-to-medium-term obligations and offer interest rate guarantees
 for specified terms on single premiums. Withdrawals may or may not
 have market value adjustments;</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Payout annuities, which have no
 surrender options and include predictable and very long-dated
 obligations; and</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Insurance products, with recurring
 premiums extending many years in the future, and which also include
 a significant component of very long-dated obligations.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 We seek to manage the assets backing these long-dated benefits to
 achieve a target return sufficient to support the obligations over
 their lifetime, subject to established risk tolerances, by
 investing in a basket of diversified ALDA with the balance invested
 in fixed income securities. Utilizing ALDA to partially support
 these products is intended to enhance long-term investment returns
 and reduce aggregate risk through diversification. The size of the
 target ALDA portfolio is dependent upon the size and term of each
 segment&#x2019;s liability obligations, subject to risk tolerance
 levels. We seek to manage fixed income assets to a benchmark
 developed to minimize interest rate risk against the residual
 liabilities and to achieve target returns/spreads required to
 preserve long-term interest rate investment assumptions used in
 liability pricing.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 For insurance and annuity products where significant pass-through
 features exist, a total return strategy approach is used, generally
 combining fixed income and ALDA. ALDA may be included to enhance
 long-term investment returns and reduce aggregate risk through
 diversification. Target investment strategies are established using
 portfolio analysis techniques that seek to optimize long-term
 investment returns while considering the risks related to embedded
 product guarantees and policyholder withdrawal options, the impact
 of regulatory and economic capital requirements and management
 tolerances with respect to short-term income volatility and
 long-term tail risk exposure. Shorter-duration liabilities such as
 fixed deferred annuities generally do not incorporate ALDA in their
 target asset mixes.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 In our general fund, we seek to limit concentration risk associated
 with ALDA performance by investing in a diversified basket of
 assets including public and private equities, commercial real
 estate, infrastructure, timber, farmland real estate, and oil and
 gas assets. We further diversify risk by managing investments
 against established limits, including for industry type and
 corporate connection, commercial real estate type and geography,
 and timber and farmland property geography and crop type.</p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 0pt">
 Authority to manage our investment portfolios is delegated to
 investment professionals who manage to benchmarks derived from the
 target investment strategies established for each segment,
 including interest rate risk tolerances. Interest rate risk
 exposure measures are monitored and communicated to portfolio
 managers with frequencies ranging from daily to annually, depending
 on the type of liability. Asset portfolio rebalancing, accomplished
 using cash investments or derivatives, may occur at frequencies
 ranging from daily to monthly, depending on our established risk
 tolerances and the potential for changes in the profile of the
 assets and liabilities.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt">
 Our asset liability management strategy incorporates a wide variety
 of risk measurement, risk mitigation and risk management, and
 hedging processes. The liabilities and risks to which the Company
 is exposed, however, cannot be completely matched or hedged due to
 both limitations on instruments available in investment markets and
 uncertainty of impact on liability cash flows from policyholder
 experience/behaviour.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt">
 As noted above, on December&#xA0;22, 2017 we announced our decision
 to reduce the allocation to ALDA in the portfolio asset mix
 supporting our North American legacy businesses over the next 12-18
 months. This decision will reduce our exposure to ALDA returns,
 excluding the impact of U.S. Tax Reform, and excluding the impact
 of additional interest rate hedging, generally increases our
 exposure to changes in interest rates.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font color="#1F320C"><b>Foreign Exchange Risk Management
 Strategy</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%">
 Our foreign exchange risk management strategy is designed to hedge
 the sensitivity of our regulatory capital ratios to movements in
 foreign exchange rates. In particular, the objective of the
 strategy is to offset within acceptable tolerance levels, changes
 in required capital with changes in available capital that result
 from currency movements. These changes occur when assets and
 liabilities related to business conducted in currencies other than
 Canadian dollars are translated to Canadian dollars at period
 ending exchange rates.</p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt">
 Our policy is to generally match the currency of our assets with
 the currency of the liabilities they support, and similarly, to
 generally match the currency of the assets in our
 shareholders&#x2019; equity account to the currency of our required
 capital. Where assets and liabilities are not currency matched, we
 would seek to stabilize our capital ratios through the use of
 forward contracts and currency swaps.</p>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt">
 Risk exposure limits are measured in terms of potential changes in
 capital ratios due to foreign exchange rate movements, determined
 to represent a specified likelihood of occurrence based on internal
 models.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font color="#2A517F"><b>Market Risk Sensitivities and Market Risk
 Exposure Measures</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt">
 <font color="#1F320C"><b>Variable Annuity and Segregated Fund
 Guarantees Sensitivities and Risk Exposure Measures</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%">
 Guarantees on variable annuity products and segregated funds may
 include one or more of death, maturity, income and withdrawal
 guarantees. Variable annuity and segregated fund guarantees are
 contingent and only payable upon the occurrence of the relevant
 event, if fund values at that time are below guaranteed values.
 Depending on future equity market levels, liabilities on current
 in-force business would be due primarily in the period from 2018 to
 2038.</p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt">
 We seek to mitigate a portion of the risks embedded in our retained
 (i.e. net of reinsurance) variable annuity and segregated fund
 guarantee business through the combination of our dynamic and macro
 hedging strategies (see &#x201C;Publicly Traded Equity Performance
 Risk&#x201D; below).</p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt">
 The table below shows selected information regarding the
 Company&#x2019;s variable annuity and segregated fund
 investment-related guarantees gross and net of reinsurance.</p>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font color="#1F320C"><b>Variable annuity and segregated fund
 guarantees, net of reinsurance</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" align="center" border="0">
 <tr>
 <td width="52%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="12"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="12"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" rowspan="2"><font color="#1F320C"><b>As at
 December&#xA0;31,</b></font><br />
 ($ millions)</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10" align="center">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="10" align="center">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Guarantee<br />
 value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Fund value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Amount<br />
 at&#xA0;risk<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4),(5)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Guarantee<br />
 value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Fund value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Amount<br />
 at&#xA0;risk<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4),(5)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Guaranteed minimum income benefit<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,201</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,195</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,074</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">5,987</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">4,432</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">1,570</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Guaranteed minimum withdrawal benefit</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>61,767</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>56,512</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,943</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">68,594</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">59,593</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">9,135</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Guaranteed minimum accumulation benefit</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>18,162</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>18,705</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>11</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">19,482</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">19,989</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">27</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Gross living benefits<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>85,130</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>79,412</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,028</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">94,063</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">84,014</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10,732</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Gross death benefits<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>10,743</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>16,973</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,001</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">12,200</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">16,614</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,350</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total gross of reinsurance</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;95,873</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;96,385</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;8,029</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">&#xA0;&#xA0;106,263</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">&#xA0;&#xA0;100,628</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">&#xA0;&#xA0;12,082</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Living benefits reinsured</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,522</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,667</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>911</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,241</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,903</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,349</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Death benefits reinsured</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,014</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,040</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>435</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">3,429</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">3,202</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">564</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total reinsured</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>7,536</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6,707</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,346</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">8,670</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">7,105</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,913</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total, net of reinsurance</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>88,337</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>89,678</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6,683</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">97,593</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">93,523</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">10,169</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Contracts with guaranteed long-term
 care benefits are included in this category.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Where a policy includes both living
 and death benefits, the guarantee in excess of the living benefit
 is included in the death benefit category as outlined in footnote
 3.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Death benefits include stand-alone
 guarantees and guarantees in excess of living benefit guarantees
 where both death and living benefits are provided on a policy.</td>
 </tr>
 </table>
 </div>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 0pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Amount at risk (in-the-money amount)
 is the excess of guarantee values over fund values on all policies
 where the guarantee value exceeds the fund value. This amount is
 not currently payable. For guaranteed minimum death benefit, the
 amount at risk is defined as the current guaranteed minimum death
 benefit in excess of the current account balance. For guaranteed
 minimum income benefit, the amount at risk is defined as the excess
 of the current annuitization income base over the current account
 value. For all guarantees, the amount at risk is floored at zero at
 the single contract level.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The amount at risk net of reinsurance
 at December&#xA0;31, 2017 was $6,683 million (2016 &#x2013; $10,169
 million) of which: US$3,982 million (2016 &#x2013; US$6,008 million)
 was on our U.S. business, $1,342 million (2016 &#x2013; $1,499
 million) was on our Canadian business, US$95 million (2016 &#x2013;
 US$206 million) was on our Japan business and US$181 million (2016
 &#x2013; US$244 million) was related to Asia (other than Japan) and
 our run-off reinsurance business.</td>
 </tr>
 </table>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font color="#1F320C"><b>Investment categories for variable
 contracts with guarantees</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN-TOP: 0pt">
 Variable contracts with guarantees, including variable annuities
 and variable life, are invested, at the policyholder&#x2019;s
 discretion subject to contract limitations, in various fund types
 within the segregated fund accounts and other investments. The
 account balances by investment category are set out below.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN-TOP: 6pt">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 5pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="78%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 ($ millions)</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>Investment category</b></font></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity funds</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>47,508</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">41,805</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Balanced funds</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>47,369</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">57,571</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Bond funds</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>13,095</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">11,588</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Money market funds</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,905</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,127</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other fixed interest rate investments</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,777</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,807</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;111,654</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;114,898</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font color="#1F320C"><b>Caution Related to
 Sensitivities</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%">
 In the sections that follow, we provide sensitivities and risk
 exposure measures for certain risks. These include sensitivities
 due to specific changes in market prices and interest rate levels
 projected using internal models as at a specific date, and are
 measured relative to a starting level reflecting the
 Company&#x2019;s assets and liabilities at that date and the
 actuarial factors, investment activity and investment returns
 assumed in the determination of policy liabilities. The risk
 exposures measure the impact of changing one factor at a time and
 assume that all other factors remain unchanged. Actual results can
 differ significantly from these estimates for a variety of reasons
 including the interaction among these factors when more than one
 changes; changes in actuarial and investment return and future
 investment activity assumptions; actual experience differing from
 the assumptions, changes in business mix, effective tax rates and
 other market factors; and the general limitations of our internal
 models. For these reasons, the sensitivities should only be viewed
 as directional estimates of the underlying sensitivities for the
 respective factors based on the assumptions outlined below. Given
 the nature of these calculations, we cannot provide assurance that
 the actual impact on net income attributed to shareholders will be
 as indicated</p>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 0pt">
 or on MLI&#x2019;s MCCSR ratio will be as indicated. As noted above,
 LICAT replaced the MCCSR regulatory capital framework on</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 0pt">
 January&#xA0;1,&#xA0;2018 and we will update the sensitivity
 measures for the change in capital framework in May 2018.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font color="#1F320C"><b>Publicly Traded Equity Performance Risk
 Sensitivities and Exposure Measures</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 0pt">
 As outlined above, the macro hedging strategy is designed to
 mitigate public equity risk arising from variable annuity
 guarantees not dynamically hedged and from other products and fees.
 In addition, our variable annuity guarantee dynamic hedging
 strategy is not designed to completely offset the sensitivity of
 policy liabilities to all risks associated with the guarantees
 embedded in these products.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%">
 The table below shows the potential impact on net income attributed
 to shareholders resulting from an immediate 10%, 20% and 30% change
 in market values of publicly traded equities followed by a return
 to the expected level of growth assumed in the valuation of policy
 liabilities. If market values were to remain flat for an entire
 year, the potential impact would be roughly equivalent to an
 immediate decline in market values equal to the expected level of
 annual growth assumed in the valuation of policy liabilities.
 Further, if after market values dropped 10%, 20% or 30% they
 continued to decline, remained flat, or grew more slowly than
 assumed in the valuation the potential impact on net income
 attributed to shareholders could be considerably more than shown.
 Refer to &#x201C;Sensitivity of Earnings to Changes in
 Assumptions&#x201D; for more information on the level of growth
 assumed and on the net income sensitivity to changes in these
 long-term assumptions. The potential impact is shown after taking
 into account the impact of the change in markets on the hedge
 assets. While we cannot reliably estimate the amount of the change
 in dynamically hedged variable annuity guarantee liabilities that
 will not be offset by the profit or loss on the dynamic hedge
 assets, we make certain assumptions for the purposes of estimating
 the impact on net income attributed to shareholders.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 This estimate assumes that the performance of the dynamic hedging
 program would not completely offset the gain/loss from the
 dynamically hedged variable annuity guarantee liabilities. It
 assumes that the hedge assets are based on the actual position at
 the period end, and that equity hedges in the dynamic program are
 rebalanced at 5% intervals. In addition, we assume that the macro
 hedge assets are rebalanced in line with market changes.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN-TOP: 6pt">
 It is also important to note that these estimates are illustrative,
 and that the hedging program may underperform these estimates,
 particularly during periods of high realized volatility and/or
 periods where both interest rates and equity market movements are
 unfavourable.</p>
 </div>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px">
 &#xA0;</p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN-TOP: 0pt">
 The Standards of Practice for the valuation of insurance contract
 liabilities and guidance published by the CIA constrain the
 investment return assumptions for public equities and certain ALDA
 assets based on historical return benchmarks for public equities.
 The potential impact on net income attributed to shareholders does
 not take into account possible changes to investment return
 assumptions resulting from the impact of declines in public equity
 market values on these historical return benchmarks.</p>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font color="#1F320C"><b>Potential immediate impact on net income
 attributed to shareholders arising from changes to public equity
 returns</b><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1),(2),(3),(4)</sup></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 4pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="55%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <b>As at December&#xA0;31, 2017</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 ($ millions)</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">-30%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">-20%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">-10%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">10%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">20%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">30%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Underlying sensitivity to net income attributed to
 shareholders</b><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Variable annuity guarantees</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(3,940</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(2,260</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(960</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>670</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,110</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,410</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Asset based fees</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(510</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(340</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(170</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>170</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>340</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>510</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 General fund equity investments<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(930</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(590</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(270</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>270</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>540</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>810</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total underlying sensitivity before hedging</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(5,380</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(3,190</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,400</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,110</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,990</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,730</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Impact of macro and dynamic hedge assets<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(7)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,220</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,850</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>790</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(640</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,100</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,410</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net potential impact on net income after impact of
 hedging</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2,160</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,340</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(610</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>470</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>890</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,320</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 ($ millions)</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">-30%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">-20%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">-10%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">10%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">20%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">30%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top" colspan="4">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Underlying sensitivity to net income attributed to
 shareholders</b><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></p>
 </td>
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>&#xA0;</b></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Variable annuity guarantees</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(4,830</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(2,920</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(1,290</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">1,000</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">1,690</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">2,170</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Asset based fees</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(410</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(280</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(140</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">140</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">280</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">410</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 General fund equity investments<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(910</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(590</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(270</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">240</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">490</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">750</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total underlying sensitivity before hedging</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(6,150</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(3,790</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,700</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,380</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,460</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,330</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Impact of macro and dynamic hedge assets<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(7)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">4,050</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2,440</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,060</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(910</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">&#xA0;&#xA0;(1,610</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">&#xA0;&#xA0;(2,160</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net potential impact on net income attributed to shareholders
 after impact of hedging</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(2,100</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(1,350</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(640</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">470</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">850</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">1,170</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">See &#x201C;Caution Related to
 Sensitivities&#x201D; above.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The sensitivities as at
 December&#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&#xA0;1, 2018. Due to the lower
 effective tax rate, the after-tax impact of changes to public
 equity returns increases.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The tables above show the potential
 impact on net income attributed to shareholders resulting from an
 immediate 10%, 20% and 30% change in market values of publicly
 traded equities followed by a return to the expected level of
 growth assumed in the valuation of policy liabilities.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Please refer to &#x201C;Sensitivity of
 Earnings to Changes in Assumptions&#x201D; for more information on
 the level of growth assumed and on the net income sensitivity to
 changes in these long-term assumptions.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Defined as earnings sensitivity to a
 change in public equity markets including settlements on
 reinsurance contracts, but before the offset of hedge assets or
 other risk mitigants.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">This impact for general fund equities
 is calculated as at a point-in-time and does not include:
 (i)&#xA0;any potential impact on public equity weightings;
 (ii)&#xA0;any gains or losses on AFS public equities held in the
 Corporate and Other segment; or (iii)&#xA0;any gains or losses on
 public equity investments held in Manulife Bank. The participating
 policy funds are largely self-supporting and generate no material
 impact on net income attributed to shareholders as a result of
 changes in equity markets.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(7)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Includes the impact of rebalancing
 equity hedges in the macro and dynamic hedging program. The impact
 of dynamic hedge rebalancing represents the impact of rebalancing
 equity hedges for dynamically hedged variable annuity guarantee
 best estimate liabilities at 5% intervals, but does not include any
 impact in respect of other sources of hedge ineffectiveness (e.g.
 fund tracking, realized volatility and equity, interest rate
 correlations different from expected among other factors).</td>
 </tr>
 </table>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt">
 Changes in equity markets impact our available and required
 components of the MCCSR ratio. The following table shows the
 potential impact to MLI&#x2019;s MCCSR ratio resulting from changes
 in public equity market values, assuming that the change in the
 value of the hedge assets does not completely offset the change of
 the related variable annuity guarantee liabilities.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font color="#1F320C"><b>Potential immediate impact on MLI&#x2019;s
 MCCSR ratio arising from public equity returns different than the
 expected return for policy liability valuation</b><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1),(2),(3),(4)</sup></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 </p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="51%"></td>
 <td valign="bottom" width="7%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="22" align="center"><b>Impact on MLI&#x2019;s MCCSR
 ratio</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>Percentage points</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">-30%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">-20%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">-10%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">10%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">20%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">30%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>December&#xA0;31, 2017</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(14</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(8</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(4</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>11</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>14</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 December&#xA0;31, 2016</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(12</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(8</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(4</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">3</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">14</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">18</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 </p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td>&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">See &#x201C;Caution Related to
 Sensitivities&#x201D; above. In addition, estimates exclude changes
 to the net actuarial gains/losses with respect to the
 Company&#x2019;s pension obligations as a result of changes in
 equity markets, as the impact on the quoted sensitivities is not
 considered to be material.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td>&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The sensitivities as at
 December&#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&#xA0;1, 2018. Due to the lower
 effective tax rate, the after-tax impact of changes to public
 equity returns increases.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td>&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The potential impact is shown
 assuming that the change in value of the hedge assets does not
 completely offset the change in the dynamically hedged variable
 annuity guarantee liabilities. The estimated amount that would not
 be completely offset relates to our practices of not hedging the
 provisions for adverse deviation and of rebalancing equity hedges
 for dynamically hedged variable annuity liabilities at 5%
 intervals.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td>&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">OSFI rules for segregated fund
 guarantees reflect full capital impacts of shocks over 20 quarters
 within a prescribed range. As such, the deterioration in equity
 markets could lead to further increases in capital requirements
 after the initial shock.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>Interest Rate and Spread Risk
 Sensitivities and Exposure Measures</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%">
 At December&#xA0;31, 2017, we estimated the sensitivity of our net
 income attributed to shareholders to a 50 basis point parallel
 decline in interest rates to be a charge of $200 million, and to a
 50 basis point increase in interest rates to be a benefit of $100
 million.</p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt">
 The table below shows the potential impact on net income attributed
 to shareholders from a 50 basis point parallel move in interest
 rates. This includes a change of 50 basis points in current
 government, swap and corporate rates for all maturities across all
 markets</p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 0pt 1%">with
 no change in credit spreads between government, swap and corporate
 rates, and with a floor of zero on government rates where
 government rates are not currently negative, relative to the rates
 assumed in the valuation of policy liabilities, including embedded
 derivatives. For variable annuity guarantee liabilities that are
 dynamically hedged, it is assumed that interest rate hedges are
 rebalanced at 20 basis point intervals.</p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt">
 As the sensitivity to a 50 basis point change in interest rates
 includes any associated change in the applicable reinvestment
 scenarios, the impact of changes to interest rates for less than,
 or more than 50 basis points is unlikely to be linear. Furthermore,
 our sensitivities are not consistent across all regions in which we
 operate, and the impact of yield curve changes will vary depending
 upon the geography where the change occurs. Reinvestment
 assumptions used in the valuation of policy liabilities tend to
 amplify the negative effects of a decrease in interest rates, and
 dampen the positive effects of interest rate increases. This is
 because the reinvestment assumptions used in the valuation of our
 insurance liabilities are based on interest rate scenarios and
 calibration criteria set by the Actuarial Standards Board, while
 our interest rate hedges are valued using current market interest
 rates. Therefore, in any particular quarter, changes to the
 reinvestment assumptions are not fully aligned to changes in
 current market interest rates especially when there is a
 significant change in the shape of the interest rate curve. As a
 result, the impact from non-parallel movements may be materially
 different from the estimated impact of parallel movements. For
 example, if long-term interest rates increase more than short-term
 interest rates (sometimes referred to as a steepening of the yield
 curve) in North America, the decrease in the value of our swaps may
 be greater than the decrease in the value of our insurance
 liabilities. This could result in a charge to net income attributed
 to shareholders in the short-term even though the rising and
 steepening, if sustained, may have a positive long-term economic
 impact.</p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt">
 The potential impact on net income attributed to shareholders does
 not take into account any future potential changes to our URR
 assumptions or calibration criteria for stochastic risk-free rates
 or other potential impacts of lower interest rate levels, for
 example, increased strain on the sale of new business or lower
 interest earned on our surplus assets. The impact also does not
 reflect any unrealized gains or losses on AFS fixed income assets
 held in our surplus segment. Changes in the market value of these
 assets may provide a natural economic offset to the interest rate
 risk arising from our product liabilities. In order for there to
 also be an accounting offset, the Company would need to realize a
 portion of the AFS fixed income asset unrealized gains or losses.
 It is not certain we would crystallize any of the unrealized gains
 or losses available. As at December&#xA0;31, 2017, the AFS fixed
 income assets held in the surplus segment were in a net after-tax
 unrealized loss position of $223 million.</p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt">
 The impact does not reflect any potential effect of changing
 interest rates to the value of our ALDA assets. Rising interest
 rates could negatively impact the value of our ALDA assets (see
 &#x201C;Critical Accounting and Actuarial Policies &#x2013; Fair
 Value of Invested Assets&#x201D;, below). More information on ALDA
 can be found under the section &#x201C;Alternative Long-Duration
 Asset Performance Risk Sensitivities and Exposure Measures&#x201D;,
 below.</p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt">
 The following table shows the potential impact on net income
 attributed to shareholders including the change in the market value
 of AFS fixed income assets held in our surplus segment, which could
 be realized through the sale of these assets.</p>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font color="#1F320C"><b>Potential impact on net income attributed
 to shareholders and MLI&#x2019;s MCCSR ratio of an immediate
 parallel change in interest rates relative to rates assumed in the
 valuation of policy liabilities</b></font><font style="FONT-SIZE: 6pt; FONT-FAMILY: ARIAL" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1),(2),(3),(4),(5)</sup></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 </p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td></td>
 <td valign="bottom"></td>
 <td width="80%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td valign="bottom"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 </tr>
 <tr style="FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid" bgcolor="#E9EDF2">
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid" bgcolor="#E9EDF2">
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid" bgcolor="#E9EDF2">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">-50bp</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">+50bp</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">-50bp</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">+50bp</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid" bgcolor="#E9EDF2">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net income attributed to shareholders ($ millions)</b></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid" bgcolor="#E9EDF2">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Excluding change in market value of AFS fixed income assets held in
 the surplus segment</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(200</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>100</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid" bgcolor="#E9EDF2">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 From fair value changes in AFS fixed income assets held in surplus,
 if realized</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;1,100</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(1,000)</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;1,000</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;(900)</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>MLI&#x2019;s MCCSR ratio (Percentage points)</b></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Before impact of change in market value of AFS fixed income assets
 held in the surplus segment<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(7</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>5</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(6</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;5&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 From fair value changes in AFS fixed income assets held in surplus,
 if realized</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(5</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;1</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(4)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">See &#x201C;Caution Related to
 Sensitivities&#x201D; above. In addition, estimates exclude changes
 to the net actuarial gains/losses with respect to the
 Company&#x2019;s pension obligations as a result of changes in
 interest rates, as the impact on the quoted sensitivities is not
 considered to be material.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The sensitivities as at
 December&#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&#xA0;1, 2018 and the decision to change
 the portfolio asset mix supporting our legacy businesses over the
 next 12-18 months.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Includes guaranteed insurance and
 annuity products, including variable annuity contracts as well as
 adjustable benefit products where benefits are generally adjusted
 as interest rates and investment returns change, a portion of which
 have minimum credited rate guarantees. For adjustable benefit
 products subject to minimum rate guarantees, the sensitivities are
 based on the assumption that credited rates will be floored at the
 minimum.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The amount of gain or loss that can
 be realized on AFS fixed income assets held in the surplus segment
 will depend on the aggregate amount of unrealized gain or
 loss.</td>
 </tr>
 </table>
 </div>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 0pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Sensitivities are based on projected
 asset and liability cash flows and the impact of realizing fair
 value changes in AFS fixed income is based on the holdings at the
 end of the period.</td>
 </tr>
 </table>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 </p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The impact on MLI&#x2019;s MCCSR ratio
 includes both the impact of lower earnings on available capital as
 well as the increase in required capital that results from a
 decline in</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="2%" align="right">interest</td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">rates.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt">
 The $200 million increase in sensitivity to a 50 basis point
 decline in interest rates from December&#xA0;31, 2016 was primarily
 due to normal rebalancing as part of our interest risk hedging
 program and our decision to reduce the allocation to ALDA in the
 portfolio asset mix supporting our North American legacy businesses
 over the next 12-18 months. Since the decision to change the
 portfolio asset mix supporting our legacy businesses requires us to
 complete multiple asset dispositions over the next 12-18 months, we
 are exposed to the rates at which the proceeds from these
 dispositions can be reinvested.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt">
 The following tables show the potential impact on net income
 attributed to shareholders resulting from a change in corporate
 spreads and swap spreads over government bond rates for all
 maturities across all markets with a floor of zero on the total
 interest rate, relative to the spreads assumed in the valuation of
 policy liabilities.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font color="#1F320C"><b>Potential impact on net income attributed
 to shareholders arising from changes to corporate spreads and swap
 spreads</b></font><font style="FONT-SIZE: 6pt; FONT-FAMILY: ARIAL" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1),(2),(3),(4)</sup></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="87%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font><br />
 ($ millions)</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"><b>2016</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Corporate spreads</b><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5),(6)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Increase 50 basis points</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"><b>$</b></td>
 <td valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;1,000</b></td>
 <td valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">700</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Decrease 50 basis points</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"><b>(1,000</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(800</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Swap spreads</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Increase 20 basis points</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"><b>$</b></td>
 <td valign="bottom" align="right"><b>(400</b></td>
 <td valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(500</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Decrease 20 basis points</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"><b>400</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">500</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">See &#x201C;Caution Related to
 Sensitivities&#x201D; above.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The sensitivities as at
 December&#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&#xA0;1, 2018 and the decision to change
 the portfolio asset mix of our North American legacy businesses
 over the next 12-18 months.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The impact on net income attributed
 to shareholders assumes no gains or losses are realized on our AFS
 fixed income assets held in the surplus segment and excludes the
 impact of changes in segregated fund bond values due to changes in
 credit spreads. The participating policy funds are largely
 self-supporting and generate no material impact on net income
 attributed to shareholders as a result of changes in corporate and
 swap spreads.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Sensitivities are based on projected
 asset and liability cash flows.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Corporate spreads are assumed to
 grade to the long-term average over five years.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">As the sensitivity to a 50 basis
 point decline in corporate spreads includes the impact of a change
 in deterministic reinvestment scenarios where applicable, the
 impact of changes to corporate spreads for less than, or more than,
 the amounts indicated are unlikely to be linear.</td>
 </tr>
 </table>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt">
 The $200 million increase in sensitivity to a 50 basis point
 decline in corporate spreads from December&#xA0;31, 2016 was
 primarily due to our decision to reduce the allocation to ALDA in
 the portfolio asset mix supporting our North American legacy
 businesses over the next 12-18 months and the lower U.S. corporate
 tax rates effective January&#xA0;1, 2018. Since the decision to
 change the portfolio asset mix supporting our legacy businesses
 requires us to complete multiple asset dispositions over the next
 12-18 months, we are exposed to the rates at which the proceeds
 from these dispositions can be reinvested.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt">
 Swap spreads remain at low levels, and if they were to rise, this
 could generate material charges to net income attributed to
 shareholders.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font color="#1F320C"><b>Alternative Long-Duration Asset
 Performance Risk Sensitivities and Exposure Measures</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%">
 The following table shows the potential impact on net income
 attributed to shareholders resulting from an immediate 10% change
 in market values of ALDA followed by a return to the expected level
 of growth assumed in the valuation of policy liabilities. If market
 values were to remain flat for an entire year, the potential impact
 would be roughly equivalent to an immediate decline in market
 values equal to the expected level of annual growth assumed in the
 valuation of policy liabilities. Further, if after market values
 dropped 10% they continued to decline, remained flat, or grew more
 slowly than assumed in the valuation of policy liabilities, the
 potential impact on net income attributed to shareholders could be
 considerably more than shown. Refer to &#x201C;Sensitivity of
 Earnings to Changes in Assumptions&#x201D; below, for more
 information on the level of growth assumed and on the net income
 sensitivity to changes in these long-term assumptions.</p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt">
 ALDA includes commercial real estate, timber and farmland real
 estate, oil and gas direct holdings, and private equities, some of
 which relate to oil and gas.</p>
 </div>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>Potential impact on net income attributed
 to shareholders arising from changes in ALDA returns</b><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1),(2),(3),(4),(5),(6),(7)</sup></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="65%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" rowspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 ($ millions)</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">-10%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">10%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">-10%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">10%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Real estate, agriculture and timber assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>$&#xA0;&#xA0;(1,300</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;1,300</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;(1,300</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;1,200</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Private equities and other ALDA</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,500</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,400</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(1,200</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,200</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Alternative long-duration assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>$&#xA0;&#xA0;(2,800</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;2,700</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(2,500</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">2,400</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">See &#x201C;Caution Related to
 Sensitivities&#x201D; above.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The sensitivities as at
 December&#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&#xA0;1, 2018.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">This impact is calculated as at a
 point-in-time impact and does not include: (i)&#xA0;any potential
 impact on ALDA weightings or (ii)&#xA0;any gains or losses on ALDA
 held in the Corporate and Other segment.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The participating policy funds are
 largely self-supporting and generate no material impact on net
 income attributed to shareholders as a result of changes in ALDA
 returns. For some classes of ALDA, where there is not an
 appropriate long-term benchmark available, the return assumptions
 used in valuation are not permitted by the Standards of Practice
 and CIA guidance to result in a lower reserve than an assumption
 based on a historical return benchmark for public equities in the
 same jurisdiction.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Net income impact does not consider
 any impact of the market correction on assumed future return
 assumptions.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Please refer to &#x201C;Sensitivity of
 Earnings to Changes in Assumptions&#x201D; below, for more
 information on the level of growth assumed and on the net income
 sensitivity to changes in these long-term assumptions.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(7)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The sensitivities as at
 December&#xA0;31, 2017 do not include the impact of the decision to
 change the portfolio asset mix supporting our North American legacy
 business as no changes to the portfolio had been made as of that
 date. The reduction in the allocation to ALDA in the portfolio
 asset mix will be reflected in the sensitivity as it occurs over
 the next 12-18 months.</td>
 </tr>
 </table>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 9pt">
 The $300 million increase in sensitivity to a 10% decline in
 alternative long-duration assets from December&#xA0;31, 2016 was
 primarily due to the lower U.S. corporate income tax rates
 effective January&#xA0;1, 2018.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font color="#1F320C"><b>Foreign Exchange Risk Sensitivities and
 Exposure Measures</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%">
 The Company generally matches the currency of its assets with the
 currency of the insurance and investment contract liabilities they
 support, with the objective of mitigating risk of loss arising from
 currency exchange rate changes. As at December&#xA0;31, 2017, the
 Company did not have a material unmatched currency exposure.</p>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt">
 The following table shows the potential impact on core earnings of
 a 10% change in the Canadian dollar relative to our key operating
 currencies.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font color="#1F320C"><b>Potential impact on core
 earnings</b></font><font style="FONT-SIZE: 6pt; FONT-FAMILY: ARIAL" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1),(2),(3)</sup></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 </p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="64%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="8"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="8"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 ($ millions)</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">+10%<br />
 strengthening</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">-10%<br />
 weakening</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">+10%<br />
 strengthening</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">-10%<br />
 weakening</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 10% change in the Canadian dollar relative to the U.S. dollar and
 the Hong Kong dollar</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(280)</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;280</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">$&#xA0;&#xA0;(230</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;230</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 10% change in the Canadian dollar relative to the Japanese yen</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(60)</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>60</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(50</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">50</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 </p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup>&#xA0;</td>
 <td valign="top" align="left">This item is a non-GAAP measure. See
 &#x201C;Performance and Non-GAAP Measures&#x201D; below.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup>&#xA0;</td>
 <td valign="top" align="left">See &#x201C;Caution Related to
 Sensitivities&#x201D; above.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup>&#xA0;</td>
 <td valign="top" align="left">The sensitivities as at
 December&#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&#xA0;1, 2018.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font color="#2A517F"><b>Liquidity Risk</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>Liquidity risk is the risk of not having
 access to sufficient funds or liquid assets to meet both expected
 and unexpected cash and collateral demands.</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font color="#1F320C"><b>Liquidity Risk Management
 Strategy</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%">
 Global liquidity management policies and procedures are designed to
 provide adequate liquidity to cover cash and collateral obligations
 as they come due, and to sustain and grow operations in both normal
 and stressed conditions. They reflect legal, regulatory, tax,
 operational or economic impediments to inter-entity funding. The
 asset mix of our balance sheet takes into account the need to hold
 adequate unencumbered and appropriate liquid assets to satisfy the
 requirements arising under stressed scenarios and to allow our
 liquidity ratios to remain strong. We manage liquidity centrally
 and closely monitor the liquidity positions of our principal
 subsidiaries.</p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt">
 We seek to mitigate liquidity risk by diversifying our business
 across different products, markets, geographical regions and
 policyholders. We design insurance products to encourage
 policyholders to maintain their policies in-force, to help generate
 a diversified and stable flow of recurring premium income. We
 design the policyholder termination features of our wealth
 management products and related investment strategies with the goal
 of mitigating the financial exposure and liquidity risk related to
 unexpected policyholder terminations. We establish and implement
 investment strategies intended to match the term profile of the
 assets to the liabilities they support, taking into account the
 potential for unexpected policyholder terminations and resulting
 liquidity needs. Liquid assets represent a large portion of our
 total assets. We aim to reduce liquidity risk in our deposit funded
 businesses by diversifying our</p>
 </div>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%">
 funding sources and appropriately managing the term structure of
 our funding. We forecast and monitor daily operating liquidity and
 cash movements in various individual entities and operations as
 well as centrally, aiming to ensure liquidity is available and cash
 is employed optimally.</p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt">
 We also maintain centralized cash pools and access to other sources
 of liquidity and contingent liquidity such as repurchase funding
 agreements. Our centralized cash pool consists of cash or
 near-cash, high quality short-term investments that are continually
 monitored for their credit quality and market liquidity.</p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt">
 We have established a variety of contingent funding sources. We
 maintain a $500 million committed unsecured revolving credit
 facility with certain Canadian chartered banks available for MFC,
 and a US$500 million committed unsecured revolving credit facility
 with certain U.S. banks available for MFC and certain of its
 subsidiaries. There were no outstanding borrowings under these
 credit facilities as of December&#xA0;31, 2017. In addition, JHUSA
 is a member of the Federal Home Loan Bank of Indianapolis
 (&#x201C;FHLBI&#x201D;), which enables the Company to obtain loans
 from FHLBI as an alternative source of liquidity that is
 collateralized by qualifying mortgage loans, mortgage-backed
 securities and U.S. Treasury and Agency securities. Based on
 regulatory limitations, as of December&#xA0;31, 2017, JHUSA had an
 estimated maximum borrowing capacity of US$4.3 billion under the
 FHLBI facility, with no amounts outstanding.</p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt">
 The following table outlines the maturity of the Company&#x2019;s
 significant financial liabilities.</p>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font color="#1F320C"><b>Maturity of financial
 liabilities<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="57%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 ($ millions)</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Less than<br />
 1 year</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">1&#xA0;to&#xA0;3&#xA0;years</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">3&#xA0;to&#xA0;5&#xA0;years</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Over<br />
 5&#xA0;years</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Long-term debt</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>401</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>626</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;3,758</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,785</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Capital instruments</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>8,387</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>8,387</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Derivatives</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>224</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>149</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>168</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,281</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,822</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Deposits from Bank clients<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>15,322</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,373</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,436</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>18,131</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Lease obligations</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>126</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>172</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>89</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>451</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>838</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The amounts shown above are net of
 the related unamortized deferred issue costs.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Carrying value and fair value of
 deposits from Bank clients as at December&#xA0;31, 2017 was $18,131
 million and $18,149 million, respectively (2016 &#x2013; $17,919
 million and $17,978 million, respectively). Fair value is
 determined by discounting contractual cash flows, using market
 interest rates currently offered for deposits with similar terms
 and conditions. All deposits from Bank clients were categorized in
 Level 2 of the fair value hierarchy (2016 &#x2013; Level 2).</td>
 </tr>
 </table>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 9pt 1% 0pt">
 Through the normal course of business, pledging of assets is
 required to comply with jurisdictional regulatory and other
 requirements including collateral pledged to partially mitigate
 derivative counterparty credit risk, assets pledged to exchanges as
 initial margin and assets held as collateral for repurchase funding
 agreements. Total unencumbered assets were $396.8 billion as at
 December&#xA0;31, 2017 (2016 &#x2013; $396.3 billion).</p>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font color="#1F320C"><b>Liquidity Risk Exposure
 Measures</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%">
 We manage liquidity levels of the consolidated group and key
 subsidiaries against established thresholds. We measure liquidity
 under both immediate (within one month) and ongoing (within one
 year) stress scenarios. Our policy is to maintain the ratio of
 assets to liabilities, both adjusted for their liquidity values,
 above the pre-established limit.</p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt">
 Increased use of derivatives for hedging purposes has necessitated
 greater emphasis on measurement and management of contingent
 liquidity risk related to these instruments. The market value of
 our derivative portfolio is therefore regularly stress tested to
 assess the potential collateral and cash settlement requirements
 under various market conditions.</p>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt">
 Manulife Bank (the &#x201C;Bank&#x201D;) has a stand-alone liquidity
 risk management policy framework. The framework includes stress
 testing, cash flow modeling, a funding plan and a contingency plan.
 The Bank has an established securitization infrastructure which
 enables the Bank to access a range of funding and liquidity
 sources. The Bank models extreme but plausible stress scenarios
 that demonstrate that the Bank has a sufficient pool of highly
 liquid money market securities and holdings of sovereign bonds,
 near-sovereign bonds and other liquid marketable securities, which
 when combined with the Bank&#x2019;s capacity to securitize
 residential mortgage assets provides sufficient liquidity to meet
 potential requirements under these stress scenarios.</p>
 </div><span></span>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6925532160">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Nature of Operations and Significant Accounting Policies (Policies)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfAccountingPolicyForMarketRiskExplanatory', window );">Market Risk</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#2A517F"><b>Market
 Risk</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Market
 risk is the risk of loss resulting from market price volatility,
 interest rate change, credit and swap spread changes, and from
 adverse foreign currency rate movements. Market price volatility
 primarily relates to changes in prices of publicly traded equities
 and alternative long-duration assets.</b></font></font></p>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfRiskManagementExplanatory', window );">Market Risk Management Strateg</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Market
 Risk Management Strategy</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Market risk is governed by the
 Global Asset Liability Committee which oversees the overall market
 and liquidity risk program. Our overall strategy to manage our
 market risks incorporates several component strategies, each
 targeted to manage one or more of the market risks arising from our
 businesses. At an enterprise level, these strategies are designed
 to manage our aggregate exposures to market risks against economic
 capital, regulatory required capital and earnings-at-risk
 limits.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The following table outlines our
 key market risks and identifies the risk management strategies
 which contribute to managing these risks.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" align="center" border="0">
 <tr>
 <td width="60%"></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font style="FONT-SIZE: 9pt" color="#1F320C"><b>Risk Management
 Strategy</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="14" align="center"><b>Key Market Risk</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"><b>Publicly<br />
 Traded&#xA0;Equity<br />
 Performance<br />
 Risk</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"><b>Interest&#xA0;Rate<br />
 and Spread<br />
 Risk</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"><b>Alternative<br />
 <font style="WHITE-SPACE: nowrap">Long-Duration</font><br />
 Asset<br />
 Performance<br />
 Risk</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"><b>Foreign<br />
 Exchange&#xA0;Risk</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Product design and pricing</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">X</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">X</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">X</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">X</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Variable annuity guarantee dynamic hedging</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">X</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">X</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">X</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Macro equity risk hedging</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">X</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">X</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Asset liability management</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">X</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">X</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">X</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">X</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Foreign exchange management</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">X</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">To reduce publicly traded equity
 performance risk, we primarily use a variable annuity guarantee
 dynamic hedging strategy which is complemented by a general macro
 equity risk hedging strategy. Our strategies employed for variable
 annuity guarantee dynamic hedging and macro equity risk hedging
 expose the Company to additional risks. See &#x201C;Risk
 Factors&#x201D; below.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">In general, to seek to reduce
 interest rate risk, we lengthen the duration of our fixed income
 investments in our liability and surplus segments by executing
 interest rate hedges.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">We seek to limit concentration
 risk associated with ALDA performance by investing in a diversified
 basket of assets including public and private equities, commercial
 real estate, infrastructure, timber, farmland real estate, and oil
 and gas assets. We further diversify risk by managing investments
 against established limits, including for industry type and
 corporate connection, commercial real estate type and geography,
 and timber and farmland property geography and crop
 type.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Our foreign exchange risk
 management strategy is designed to hedge the sensitivity of our
 regulatory capital ratios to movements in foreign exchange rates.
 Our policy is to generally match the currency of our assets with
 the currency of the liabilities they support, and similarly, to
 generally match the currency of the assets in our
 shareholders&#x2019; equity account to the currency of our required
 capital. Where assets and liabilities are not currency matched, we
 seek to stabilize our capital ratios through the use of financial
 instruments such as derivatives.</font></p>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfAccountingPolicyForProductDesignAndPricingStrategyExplanatory', window );">Product Design and Pricing Strategy</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Product
 Design and Pricing Strategy</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%">
 <font style="FONT-FAMILY: ARIAL">Our policies, standards, and
 standards of practice with respect to product design and pricing
 are designed with the objective of aligning our product offerings
 with our risk taking philosophy and risk appetite, and in
 particular, that incremental risk generated from new sales aligns
 with our strategic risk objectives and risk limits. The specific
 design features of our product offerings, including level of
 benefit guarantees, policyholder options, fund offerings and
 availability restrictions as well as our associated investment
 strategies, help to mitigate the level of underlying risk. We
 regularly review and modify key features within our product
 offerings, including premiums and fee charges with a goal of
 meeting profit targets and staying within risk limits. Certain of
 our general fund adjustable benefit products have minimum rate
 guarantees. The rate guarantees for any particular policy are set
 at the time the policy is issued and governed by insurance
 regulation in each jurisdiction where the products are sold. The
 contractual provisions allow crediting rates to be re-set at
 pre-established intervals subject to the established minimum
 crediting rate guarantees. The Company may partially mitigate the
 interest rate exposure by setting new rates on new business and by
 adjusting rates on in-force business where permitted. In addition,
 the Company partially mitigates this interest rate risk through its
 asset liability management process, product design elements, and
 crediting rate strategies. New product initiatives, new reinsurance
 arrangements and material insurance underwriting initiatives must
 be reviewed and approved by the CRO or key individuals within risk
 management functions.</font></p>
 </div>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForHedgingExplanatory', window );">Hedging Strategies for Variable Annuity and Other Equity Risks</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Hedging
 Strategies for Variable Annuity and Other Equity
 Risks</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%">
 <font style="FONT-FAMILY: ARIAL">The Company&#x2019;s exposure to
 movement in public equity market values primarily arises from
 variable annuity guarantees and to a smaller extent from
 asset-based fees and general fund public equity
 holdings.</font></p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt">
 <font style="FONT-FAMILY: ARIAL">Dynamic hedging is the primary
 hedging strategy for variable annuity market risks. Dynamic hedging
 is employed for new variable annuity guarantees business when
 written or as soon as practical thereafter.</font></p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt">
 <font style="FONT-FAMILY: ARIAL">We seek to manage public equity
 risk arising from other sources (not dynamically hedged) through
 our macro equity risk hedging strategy. We seek to manage interest
 rate risk arising from variable annuity business not dynamically
 hedged within our asset liability management strategy.</font></p>
 </div>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfAccountingPolicyForVariableAnnuityDynamicHedgingStrategyExplanatory', window );">Variable Annuity Dynamic Hedging Strategy</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Variable
 Annuity Dynamic Hedging Strategy</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%">
 <font style="FONT-FAMILY: ARIAL">The variable annuity dynamic
 hedging strategy is designed to hedge the sensitivity of variable
 annuity guarantee policy liabilities and available capital to fund
 performance (both public equity and bond funds) and interest rate
 movements. The objective of the variable annuity dynamic hedging
 strategy is to offset, as closely as possible, the change in the
 economic value of guarantees with the profit and loss from our
 hedge asset portfolio. The economic value of guarantees moves in
 close tandem, but not exactly, with our variable annuity guarantee
 policy liabilities, as it reflects best estimate liabilities and
 does not include any liability provisions for adverse
 deviations.</font></p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt">
 <font style="FONT-FAMILY: ARIAL">Our current variable annuity
 guarantee dynamic hedging approach is to short exchange-traded
 equity index and government bond futures and execute currency
 futures and lengthening interest rate swaps to hedge sensitivity of
 policy liabilities to fund performance and interest rate movements
 arising from variable annuity guarantees. We dynamically rebalance
 these hedge instruments as market conditions change, in order to
 maintain the hedged position within established limits. Other
 derivative instruments (such as equity and interest rate options)
 are also utilized and we may consider the use of additional hedge
 instruments opportunistically in the future.</font></p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt">
 <font style="FONT-FAMILY: ARIAL">Our variable annuity guarantee
 dynamic hedging strategy is not designed to completely offset the
 sensitivity of policy liabilities to all risks associated with the
 guarantees embedded in these products. The profit (loss) on the
 hedge instruments will not completely offset the underlying losses
 (gains) related to the guarantee liabilities hedged
 because:</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Policyholder behaviour and mortality
 experience are not hedged;</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Provisions for adverse deviation in
 the policy liabilities are not hedged;</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">A portion of interest rate risk is
 not hedged;</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Credit spreads widen and actions are
 not taken to adjust accordingly;</td>
 </tr>
 </table>
 </div>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%">
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Fund performance on a small portion
 of the underlying funds is not hedged due to lack of availability
 of effective exchange-traded hedge instruments;</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Performance of the underlying funds
 hedged may differ from the performance of the corresponding hedge
 instruments;</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Correlations between interest rates
 and equity markets could lead to unfavourable material
 impacts;</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Unfavourable hedge rebalancing costs
 can be incurred during periods of high volatility from equity
 markets, bond markets and/or interest rates. The impact is
 magnified when these impacts occur concurrently; and</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Not all other risks are hedged.</td>
 </tr>
 </table>
 </div>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfAccountingPolicyForMacroEquityRiskHedgingStrategyExplanatory', window );">Macro Equity Risk Hedging Strategy</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Macro
 Equity Risk Hedging Strategy</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%">
 <font style="FONT-FAMILY: ARIAL">The objective of the macro equity
 risk hedging program is to maintain our overall earnings
 sensitivity to public equity market movements within our Board
 approved risk appetite limits. The macro equity risk hedging
 program is designed to hedge earnings sensitivity due to movements
 in public equity markets arising from all sources (outside of
 dynamically hedged exposures). Sources of equity market sensitivity
 addressed by the macro equity risk hedging program
 include:</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Residual equity and currency exposure
 from variable annuity guarantees not dynamically hedged;</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">General fund equity holdings backing
 non-participating liabilities;</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Variable life insurance;</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Unhedged provisions for adverse
 deviation related to variable annuity guarantees dynamically
 hedged; and</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><font style="FONT-FAMILY: Times New Roman" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">&#x220E;</sup>&#xA0;</font></td>
 <td valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Variable annuity fees not associated
 with guarantees and fees on segregated funds without guarantees,
 mutual funds and institutional assets managed.</td>
 </tr>
 </table>
 </div>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfAccountingPolicyForAssetLiabilityManagementStrategyExplanatory', window );">Asset Liability Management Strategy</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Asset
 Liability Management Strategy</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%">
 <font style="FONT-FAMILY: ARIAL">Our asset liability management
 strategy is designed to help ensure that the market risks embedded
 in our assets and liabilities held in the Company&#x2019;s general
 fund are effectively managed and that risk exposures arising from
 these assets and liabilities are maintained below targeted levels.
 The embedded market risks include risks related to the level and
 movement of interest rates and credit spreads, public equity market
 performance, ALDA performance and foreign exchange rate
 movements.</font></p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt">
 <font style="FONT-FAMILY: ARIAL">General fund product liabilities
 are segmented into groups with similar characteristics that are
 supported by specific asset segments. We seek to manage each
 segment to a target investment strategy appropriate for the premium
 and benefit pattern, policyholder options and guarantees, and
 crediting rate strategies of the products they support. Similar
 strategies are established for assets in the Company&#x2019;s
 surplus account. The strategies are set using portfolio analysis
 techniques intended to optimize returns, subject to considerations
 related to regulatory and economic capital requirements, and risk
 tolerances. They are designed to achieve broad diversification
 across asset classes and individual investment risks while being
 suitably aligned with the liabilities they support. The strategies
 encompass asset mix, quality rating, term profile, liquidity,
 currency and industry concentration targets.</font></p>
 </div>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfAccountingPolicyForForeignExchangeRiskManagementStrategyExplanatory', window );">Foreign Exchange Risk Management Strategy</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Foreign
 Exchange Risk Management Strategy</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%">
 <font style="FONT-FAMILY: ARIAL">Our foreign exchange risk
 management strategy is designed to hedge the sensitivity of our
 regulatory capital ratios to movements in foreign exchange rates.
 In particular, the objective of the strategy is to offset within
 acceptable tolerance levels, changes in required capital with
 changes in available capital that result from currency movements.
 These changes occur when assets and liabilities related to business
 conducted in currencies other than Canadian dollars are translated
 to Canadian dollars at period ending exchange rates.</font></p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt">
 <font style="FONT-FAMILY: ARIAL">Our policy is to generally match
 the currency of our assets with the currency of the liabilities
 they support, and similarly, to generally match the currency of the
 assets in our shareholders&#x2019; equity account to the currency of
 our required capital. Where assets and liabilities are not currency
 matched, we would seek to stabilize our capital ratios through the
 use of forward contracts and currency swaps.</font></p>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Risk exposure limits are measured
 in terms of potential changes in capital ratios due to foreign
 exchange rate movements, determined to represent a specified
 likelihood of occurrence based on internal models.</font></p>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfAccountingPolicyForMarketRiskSensitivitiesAndMarketRiskExposureMeasuresExplanatory', window );">Market Risk Sensitivities and Market Risk Exposure Measures</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#2A517F"><b>Market
 Risk Sensitivities and Market Risk Exposure
 Measures</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Variable
 Annuity and Segregated Fund Guarantees Sensitivities and Risk
 Exposure Measures</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%">
 <font style="FONT-FAMILY: ARIAL">Guarantees on variable annuity
 products and segregated funds may include one or more of death,
 maturity, income and withdrawal guarantees. Variable annuity and
 segregated fund guarantees are contingent and only payable upon the
 occurrence of the relevant event, if fund values at that time are
 below guaranteed values. Depending on future equity market levels,
 liabilities on current in-force business would be due primarily in
 the period from 2018 to 2038.</font></p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt">
 <font style="FONT-FAMILY: ARIAL">We seek to mitigate a portion of
 the risks embedded in our retained (i.e. net of reinsurance)
 variable annuity and segregated fund guarantee business through the
 combination of our dynamic and macro hedging strategies (see
 &#x201C;Publicly Traded Equity Performance Risk&#x201D;
 below).</font></p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt">
 <font style="FONT-FAMILY: ARIAL">The table below shows selected
 information regarding the Company&#x2019;s variable annuity and
 segregated fund investment-related guarantees gross and net of
 reinsurance.</font></p>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Variable
 annuity and segregated fund guarantees, net of
 reinsurance</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%">
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" align="center" border="0">
 <tr>
 <td width="52%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="12"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="12"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" rowspan="2"><font color="#1F320C"><b>As at
 December&#xA0;31,</b></font><br />
 ($ millions)</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10" align="center"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="10" align="center">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Guarantee<br />
 value</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Fund
 value</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 Amount<br />
 at&#xA0;risk<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4),(5)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Guarantee<br />
 value</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Fund value</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Amount<br />
 at&#xA0;risk<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4),(5)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Guaranteed minimum income benefit<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,201</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,195</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,074</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">5,987</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">4,432</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">1,570</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Guaranteed minimum withdrawal benefit</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>61,767</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>56,512</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,943</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">68,594</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">59,593</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">9,135</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Guaranteed minimum accumulation benefit</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>18,162</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>18,705</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>11</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">19,482</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">19,989</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">27</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Gross living benefits<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>85,130</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>79,412</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,028</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">94,063</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">84,014</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10,732</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Gross death benefits<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>10,743</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>16,973</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,001</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">12,200</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">16,614</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">1,350</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total gross of reinsurance</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;95,873</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;96,385</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;8,029</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">&#xA0;&#xA0;106,263</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">&#xA0;&#xA0;100,628</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">&#xA0;&#xA0;12,082</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Living benefits reinsured</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,522</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,667</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>911</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,241</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,903</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,349</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Death benefits reinsured</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,014</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,040</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>435</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">3,429</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">3,202</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">564</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total reinsured</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>7,536</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6,707</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,346</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">8,670</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">7,105</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">1,913</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total, net of reinsurance</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>88,337</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>89,678</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6,683</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">97,593</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">93,523</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">10,169</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Contracts with guaranteed long-term
 care benefits are included in this category.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Where a policy includes both living
 and death benefits, the guarantee in excess of the living benefit
 is included in the death benefit category as outlined in footnote
 3.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Death benefits include stand-alone
 guarantees and guarantees in excess of living benefit guarantees
 where both death and living benefits are provided on a policy.</td>
 </tr>
 </table>
 </div>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 0pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Amount at risk (in-the-money amount)
 is the excess of guarantee values over fund values on all policies
 where the guarantee value exceeds the fund value. This amount is
 not currently payable. For guaranteed minimum death benefit, the
 amount at risk is defined as the current guaranteed minimum death
 benefit in excess of the current account balance. For guaranteed
 minimum income benefit, the amount at risk is defined as the excess
 of the current annuitization income base over the current account
 value. For all guarantees, the amount at risk is floored at zero at
 the single contract level.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The amount at risk net of reinsurance
 at December&#xA0;31, 2017 was $6,683 million (2016 &#x2013; $10,169
 million) of which: US$3,982 million (2016 &#x2013; US$6,008 million)
 was on our U.S. business, $1,342 million (2016 &#x2013; $1,499
 million) was on our Canadian business, US$95 million (2016 &#x2013;
 US$206 million) was on our Japan business and US$181 million (2016
 &#x2013; US$244 million) was related to Asia (other than Japan) and
 our run-off reinsurance business.</td>
 </tr>
 </table>
 </div>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfAccountingPolicyForInvestmentCategoriesForVariableContractsWithGuaranteesExplanatory', window );">Investment categories for variable contracts with guarantees</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><strong>Investment</strong> <strong>categories for
 variable contracts with guarantees</strong></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C">&#xA0;</font></font></p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C">Variable
 contracts with guarantees, including variable annuities and
 variable life, are invested, at the policyholder&#x2019;s discretion
 subject to contract limitations, in various fund types within the
 segregated fund accounts and other investments. The account
 balances by investment category are set out
 below.</font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C">&#xA0;</font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><font color="#1F320C"><b>As at December&#xA0;31,</b></font></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 5pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C">&#xA0;</font></font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="78%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 ($ millions)</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>Investment category</b></font></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity funds</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>47,508</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">41,805</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Balanced funds</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>47,369</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">57,571</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Bond funds</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>13,095</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">11,588</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Money market funds</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,905</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,127</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other fixed interest rate investments</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,777</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,807</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;111,654</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;114,898</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C">&#xA0;</font></font></p>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfAccountingPolicyForCautionRelatedToSensitivitiesExplanatory', window );">Caution Related to Sensitivities</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Caution
 Related to Sensitivities</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%">
 <font style="FONT-FAMILY: ARIAL">In the sections that follow, we
 provide sensitivities and risk exposure measures for certain risks.
 These include sensitivities due to specific changes in market
 prices and interest rate levels projected using internal models as
 at a specific date, and are measured relative to a starting level
 reflecting the Company&#x2019;s assets and liabilities at that date
 and the actuarial factors, investment activity and investment
 returns assumed in the determination of policy liabilities. The
 risk exposures measure the impact of changing one factor at a time
 and assume that all other factors remain unchanged. Actual results
 can differ significantly from these estimates for a variety of
 reasons including the interaction among these factors when more
 than one changes; changes in actuarial and investment return and
 future investment activity assumptions; actual experience differing
 from the assumptions, changes in business mix, effective tax rates
 and other market factors; and the general limitations of our
 internal models. For these reasons, the sensitivities should only
 be viewed as directional estimates of the underlying sensitivities
 for the respective factors based on the assumptions outlined below.
 Given the nature of these calculations, we cannot provide assurance
 that the actual impact on net income attributed to shareholders
 will be as indicated</font></p>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">or on MLI&#x2019;s MCCSR ratio will
 be as indicated. As noted above, LICAT replaced the MCCSR
 regulatory capital framework on</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">January&#xA0;1,&#xA0;2018 and we
 will update the sensitivity measures for the change in capital
 framework in May 2018.</font></p>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfAccountingPolicyForPubliclyTradedEquityPerformanceRiskSensitivitiesAndExposureMeasuresExplanatory', window );">Publicly Traded Equity Performance Risk Sensitivities and Exposure Measures</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Publicly
 Traded Equity Performance Risk Sensitivities and Exposure
 Measures</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">As outlined above, the macro
 hedging strategy is designed to mitigate public equity risk arising
 from variable annuity guarantees not dynamically hedged and from
 other products and fees. In addition, our variable annuity
 guarantee dynamic hedging strategy is not designed to completely
 offset the sensitivity of policy liabilities to all risks
 associated with the guarantees embedded in these
 products.</font></p>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfAccountingPolicyForInterestRateAndSpreadRiskSensitivitiesAndExposureMeasuresExplanatory', window );">Interest Rate and Spread Risk Sensitivities and Exposure Measures</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; MARGIN-LEFT: 0px; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Interest Rate and Spread Risk
 Sensitivities and Exposure Measures</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <div style="FONT-SIZE: medium; MAX-WIDTH: 100%; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); PADDING-BOTTOM: 3pt; FONT-STYLE: normal; PADDING-TOP: 2pt; MARGIN-LEFT: -15px; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -15px; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 15px">
 At December&#xA0;31, 2017, we estimated the sensitivity of our net
 income attributed to shareholders to a 50 basis point parallel
 decline in interest rates to be a charge of $200 million, and to a
 50 basis point increase in interest rates to be a benefit of $100
 million.</p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 15px 0pt">The
 table below shows the potential impact on net income attributed to
 shareholders from a 50 basis point parallel move in interest rates.
 This includes a change of 50 basis points in current government,
 swap and corporate rates for all maturities across all markets</p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 0pt 15px">
 with no change in credit spreads between government, swap and
 corporate rates, and with a floor of zero on government rates where
 government rates are not currently negative, relative to the rates
 assumed in the valuation of policy liabilities, including embedded
 derivatives. For variable annuity guarantee liabilities that are
 dynamically hedged, it is assumed that interest rate hedges are
 rebalanced at 20 basis point intervals.</p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 15px 0pt">As the
 sensitivity to a 50 basis point change in interest rates includes
 any associated change in the applicable reinvestment scenarios, the
 impact of changes to interest rates for less than, or more than 50
 basis points is unlikely to be linear. Furthermore, our
 sensitivities are not consistent across all regions in which we
 operate, and the impact of yield curve changes will vary depending
 upon the geography where the change occurs. Reinvestment
 assumptions used in the valuation of policy liabilities tend to
 amplify the negative effects of a decrease in interest rates, and
 dampen the positive effects of interest rate increases. This is
 because the reinvestment assumptions used in the valuation of our
 insurance liabilities are based on interest rate scenarios and
 calibration criteria set by the Actuarial Standards Board, while
 our interest rate hedges are valued using current market interest
 rates. Therefore, in any particular quarter, changes to the
 reinvestment assumptions are not fully aligned to changes in
 current market interest rates especially when there is a
 significant change in the shape of the interest rate curve. As a
 result, the impact from non-parallel movements may be materially
 different from the estimated impact of parallel movements. For
 example, if long-term interest rates increase more than short-term
 interest rates (sometimes referred to as a steepening of the yield
 curve) in North America, the decrease in the value of our swaps may
 be greater than the decrease in the value of our insurance
 liabilities. This could result in a charge to net income attributed
 to shareholders in the short-term even though the rising and
 steepening, if sustained, may have a positive long-term economic
 impact.</p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 15px 0pt">The
 potential impact on net income attributed to shareholders does not
 take into account any future potential changes to our URR
 assumptions or calibration criteria for stochastic risk-free rates
 or other potential impacts of lower interest rate levels, for
 example, increased strain on the sale of new business or lower
 interest earned on our surplus assets. The impact also does not
 reflect any unrealized gains or losses on AFS fixed income assets
 held in our surplus segment. Changes in the market value of these
 assets may provide a natural economic offset to the interest rate
 risk arising from our product liabilities. In order for there to
 also be an accounting offset, the Company would need to realize a
 portion of the AFS fixed income asset unrealized gains or losses.
 It is not certain we would crystallize any of the unrealized gains
 or losses available. As at December&#xA0;31, 2017, the AFS fixed
 income assets held in the surplus segment were in a net after-tax
 unrealized loss position of $223 million.</p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 15px 0pt">The
 impact does not reflect any potential effect of changing interest
 rates to the value of our ALDA assets. Rising interest rates could
 negatively impact the value of our ALDA assets (see &#x201C;Critical
 Accounting and Actuarial Policies &#x2013; Fair Value of Invested
 Assets&#x201D;, below). More information on ALDA can be found under
 the section &#x201C;Alternative Long-Duration Asset Performance Risk
 Sensitivities and Exposure Measures&#x201D;, below.</p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 15px 0pt">
 The following table shows the potential impact on net income
 attributed to shareholders including the change in the market value
 of AFS fixed income assets held in our surplus segment, which could
 be realized through the sale of these assets.</p>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; MARGIN-LEFT: 0px; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Potential impact on net income attributed
 to shareholders and MLI&#x2019;s MCCSR ratio of an immediate
 parallel change in interest rates relative to rates assumed in the
 valuation of policy liabilities</b></font><font style="FONT-SIZE: 6pt; FONT-FAMILY: ARIAL" color="#1F320C"><sup style="FONT-SIZE: 6px; VERTICAL-ALIGN: top">(1),(2),(3),(4),(5)</sup></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td></td>
 <td valign="bottom"></td>
 <td width="80%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td valign="bottom"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 </tr>
 <tr style="FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; break-inside: avoid" bgcolor="#E9EDF2">
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid" bgcolor="#E9EDF2">
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid" bgcolor="#E9EDF2">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">-50bp</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">+50bp</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">-50bp</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">+50bp</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid" bgcolor="#E9EDF2">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net income attributed to shareholders ($ millions)</b></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid" bgcolor="#E9EDF2">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Excluding change in market value of AFS fixed income assets held in
 the surplus segment</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(200</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>100</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid" bgcolor="#E9EDF2">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 From fair value changes in AFS fixed income assets held in surplus,
 if realized</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;1,100</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(1,000)</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;1,000</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;(900)</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>MLI&#x2019;s MCCSR ratio (Percentage points)</b></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Before impact of change in market value of AFS fixed income assets
 held in the surplus segment<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(6)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(7</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>5</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(6</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;5&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 From fair value changes in AFS fixed income assets held in surplus,
 if realized</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(5</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;1</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(4)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <div style="FONT-SIZE: medium; MAX-WIDTH: 100%; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); PADDING-BOTTOM: 3pt; FONT-STYLE: normal; PADDING-TOP: 2pt; MARGIN-LEFT: -15px; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -15px; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">See &#x201C;Caution Related to
 Sensitivities&#x201D; above. In addition, estimates exclude changes
 to the net actuarial gains/losses with respect to the
 Company&#x2019;s pension obligations as a result of changes in
 interest rates, as the impact on the quoted sensitivities is not
 considered to be material.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The sensitivities as at
 December&#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&#xA0;1, 2018 and the decision to change
 the portfolio asset mix supporting our legacy businesses over the
 next 12-18 months.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Includes guaranteed insurance and
 annuity products, including variable annuity contracts as well as
 adjustable benefit products where benefits are generally adjusted
 as interest rates and investment returns change, a portion of which
 have minimum credited rate guarantees. For adjustable benefit
 products subject to minimum rate guarantees, the sensitivities are
 based on the assumption that credited rates will be floored at the
 minimum.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(4)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The amount of gain or loss that can
 be realized on AFS fixed income assets held in the surplus segment
 will depend on the aggregate amount of unrealized gain or
 loss.</td>
 </tr>
 </table>
 </div>
 <div style="FONT-SIZE: medium; MAX-WIDTH: 100%; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); PADDING-BOTTOM: 3pt; FONT-STYLE: normal; PADDING-TOP: 2pt; MARGIN-LEFT: -15px; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -15px; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 0pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(5)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Sensitivities are based on projected
 asset and liability cash flows and the impact of realizing fair
 value changes in AFS fixed income is based on the holdings at the
 end of the period.</td>
 </tr>
 </table>
 </div>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(6)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The impact on MLI&#x2019;s MCCSR ratio
 includes both the impact of lower earnings on available capital as
 well as the increase in required capital that results from a
 decline in</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="2%" align="right">interest</td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">rates.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; MARGIN-LEFT: 0px; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The $200 million increase in sensitivity to a 50 basis point
 decline in interest rates from December&#xA0;31, 2016 was primarily
 due to normal rebalancing as part of our interest risk hedging
 program and our decision to reduce the allocation to ALDA in the
 portfolio asset mix supporting our North American legacy businesses
 over the next 12-18 months. Since the decision to change the
 portfolio asset mix supporting our legacy businesses requires us to
 complete multiple asset dispositions over the next 12-18 months, we
 are exposed to the rates at which the proceeds from these
 dispositions can be reinvested.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; MARGIN-LEFT: 0px; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following tables show the potential impact on net income
 attributed to shareholders resulting from a change in corporate
 spreads and swap spreads over government bond rates for all
 maturities across all markets with a floor of zero on the total
 interest rate, relative to the spreads assumed in the valuation of
 policy liabilities.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; MARGIN-LEFT: 0px; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Potential impact on net income attributed
 to shareholders arising from changes to corporate spreads and swap
 spreads</b></font><font style="FONT-SIZE: 6pt; FONT-FAMILY: ARIAL" color="#1F320C"><sup style="FONT-SIZE: 6px; VERTICAL-ALIGN: top">(1),(2),(3),(4)</sup></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <div style="FONT-SIZE: medium; MAX-WIDTH: 100%; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); PADDING-BOTTOM: 3pt; FONT-STYLE: normal; PADDING-TOP: 2pt; MARGIN-LEFT: -15px; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -15px; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="87%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at
 December&#xA0;31,</b>&#xA0;</font><br />
 ($ millions)</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right"><b>2016</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Corporate spreads</b><sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(5),(6)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Increase 50 basis points</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"><b>$</b></td>
 <td valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;1,000</b></td>
 <td valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">700</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Decrease 50 basis points</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right"><b>(1,000</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(800</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Swap spreads</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Increase 20 basis points</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"><b>$</b></td>
 <td valign="bottom" align="right"><b>(400</b></td>
 <td valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(500</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Decrease 20 basis points</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right"><b>400</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">500</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">See &#x201C;Caution Related to
 Sensitivities&#x201D; above.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The sensitivities as at
 December&#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&#xA0;1, 2018 and the decision to change
 the portfolio asset mix of our North American legacy businesses
 over the next 12-18 months.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The impact on net income attributed
 to shareholders assumes no gains or losses are realized on our AFS
 fixed income assets held in the surplus segment and excludes the
 impact of changes in segregated fund bond values due to changes in
 credit spreads. The participating policy funds are largely
 self-supporting and generate no material impact on net income
 attributed to shareholders as a result of changes in corporate and
 swap spreads.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(4)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Sensitivities are based on projected
 asset and liability cash flows.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(5)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Corporate spreads are assumed to
 grade to the long-term average over five years.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(6)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">As the sensitivity to a 50 basis
 point decline in corporate spreads includes the impact of a change
 in deterministic reinvestment scenarios where applicable, the
 impact of changes to corporate spreads for less than, or more than,
 the amounts indicated are unlikely to be linear.</td>
 </tr>
 </table>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; MARGIN-LEFT: 0px; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The $200 million increase in sensitivity to a 50 basis point
 decline in corporate spreads from December&#xA0;31, 2016 was
 primarily due to our decision to reduce the allocation to ALDA in
 the portfolio asset mix supporting our North American legacy
 businesses over the next 12-18 months and the lower U.S. corporate
 tax rates effective January&#xA0;1, 2018. Since the decision to
 change the portfolio asset mix supporting our legacy businesses
 requires us to complete multiple asset dispositions over the next
 12-18 months, we are exposed to the rates at which the proceeds
 from these dispositions can be reinvested.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; MARGIN-LEFT: 0px; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 Swap spreads remain at low levels, and if they were to rise, this
 could generate material charges to net income attributed to
 shareholders.</p>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AlternativeLongdurationAssetPerformanceRiskSensitivitiesAndExposureMeasuresExplanatory', window );">Alternative Long-Duration Asset Performance Risk Sensitivities and Exposure Measures</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Alternative Long-Duration Asset Performance Risk
 Sensitivities and Exposure Measures</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%">
 <font style="FONT-FAMILY: ARIAL">The following table shows the
 potential impact on net income attributed to shareholders resulting
 from an immediate 10% change in market values of ALDA followed by a
 return to the expected level of growth assumed in the valuation of
 policy liabilities. If market values were to remain flat for an
 entire year, the potential impact would be roughly equivalent to an
 immediate decline in market values equal to the expected level of
 annual growth assumed in the valuation of policy liabilities.
 Further, if after market values dropped 10% they continued to
 decline, remained flat, or grew more slowly than assumed in the
 valuation of policy liabilities, the potential impact on net income
 attributed to shareholders could be considerably more than shown.
 Refer to &#x201C;Sensitivity of Earnings to Changes in
 Assumptions&#x201D; below, for more information on the level of
 growth assumed and on the net income sensitivity to changes in
 these long-term assumptions.</font></p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt">
 <font style="FONT-FAMILY: ARIAL">ALDA includes commercial real
 estate, timber and farmland real estate, oil and gas direct
 holdings, and private equities, some of which relate to oil and
 gas.</font></p>
 </div>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfAccountingPolicyForLiquidityRiskManagementStrategyExplanatory', window );">Liquidity Risk Management Strategy</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#2A517F"><b>Liquidity
 Risk</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Liquidity
 risk is the risk of not having access to sufficient funds or liquid
 assets to meet both expected and unexpected cash and collateral
 demands.</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Liquidity
 Risk Management Strategy</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%">
 <font style="FONT-FAMILY: ARIAL">Global liquidity management
 policies and procedures are designed to provide adequate liquidity
 to cover cash and collateral obligations as they come due, and to
 sustain and grow operations in both normal and stressed conditions.
 They reflect legal, regulatory, tax, operational or economic
 impediments to inter-entity funding. The asset mix of our balance
 sheet takes into account the need to hold adequate unencumbered and
 appropriate liquid assets to satisfy the requirements arising under
 stressed scenarios and to allow our liquidity ratios to remain
 strong. We manage liquidity centrally and closely monitor the
 liquidity positions of our principal subsidiaries.</font></p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt">
 <font style="FONT-FAMILY: ARIAL">We seek to mitigate liquidity risk
 by diversifying our business across different products, markets,
 geographical regions and policyholders. We design insurance
 products to encourage policyholders to maintain their policies
 in-force, to help generate a diversified and stable flow of
 recurring premium income. We design the policyholder termination
 features of our wealth management products and related investment
 strategies with the goal of mitigating the financial exposure and
 liquidity risk related to unexpected policyholder terminations. We
 establish and implement investment strategies intended to match the
 term profile of the assets to the liabilities they support, taking
 into account the potential for unexpected policyholder terminations
 and resulting liquidity needs. Liquid assets represent a large
 portion of our total assets. We aim to reduce liquidity risk in our
 deposit funded businesses by diversifying our</font></p>
 </div>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%">
 <font style="FONT-FAMILY: ARIAL">funding sources and appropriately
 managing the term structure of our funding. We forecast and monitor
 daily operating liquidity and cash movements in various individual
 entities and operations as well as centrally, aiming to ensure
 liquidity is available and cash is employed optimally.</font></p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt">
 <font style="FONT-FAMILY: ARIAL">We also maintain centralized cash
 pools and access to other sources of liquidity and contingent
 liquidity such as repurchase funding agreements. Our centralized
 cash pool consists of cash or near-cash, high quality short-term
 investments that are continually monitored for their credit quality
 and market liquidity.</font></p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN: 6pt 1% 0pt">
 <font style="FONT-FAMILY: ARIAL">We have established a variety of
 contingent funding sources. We maintain a $500 million committed
 unsecured revolving credit facility with certain Canadian chartered
 banks available for MFC, and a US$500 million committed unsecured
 revolving credit facility with certain U.S. banks available for MFC
 and certain of its subsidiaries. There were no outstanding
 borrowings under these credit facilities as of December&#xA0;31,
 2017. In addition, JHUSA is a member of the Federal Home Loan Bank
 of Indianapolis (&#x201C;FHLBI&#x201D;), which enables the Company to
 obtain loans from FHLBI as an alternative source of liquidity that
 is collateralized by qualifying mortgage loans, mortgage-backed
 securities and U.S. Treasury and Agency securities. Based on
 regulatory limitations, as of December&#xA0;31, 2017, JHUSA had an
 estimated maximum borrowing capacity of US$4.3 billion under the
 FHLBI facility, with no amounts outstanding.</font></p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt">
 <font style="FONT-FAMILY: ARIAL">The following table outlines the
 maturity of the Company&#x2019;s significant financial
 liabilities.</font></p>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Maturity
 of financial liabilities<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%">
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="57%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 ($ millions)</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Less
 than<br />
 1 year</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 1&#xA0;to&#xA0;3&#xA0;years</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 3&#xA0;to&#xA0;5&#xA0;years</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 Over<br />
 5&#xA0;years</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 Total</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Long-term debt</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>401</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>626</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;3,758</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,785</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Capital instruments</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>8,387</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>8,387</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Derivatives</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>224</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>149</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>168</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,281</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,822</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Deposits from Bank clients<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>15,322</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,373</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,436</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>18,131</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Lease obligations</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>126</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>172</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>89</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>451</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>838</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The amounts shown above are net of
 the related unamortized deferred issue costs.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Carrying value and fair value of
 deposits from Bank clients as at December&#xA0;31, 2017 was $18,131
 million and $18,149 million, respectively (2016 &#x2013; $17,919
 million and $17,978 million, respectively). Fair value is
 determined by discounting contractual cash flows, using market
 interest rates currently offered for deposits with similar terms
 and conditions. All deposits from Bank clients were categorized in
 Level 2 of the fair value hierarchy (2016 &#x2013; Level 2).</td>
 </tr>
 </table>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 9pt 1% 0pt">
 <font style="FONT-FAMILY: ARIAL">Through the normal course of
 business, pledging of assets is required to comply with
 jurisdictional regulatory and other requirements including
 collateral pledged to partially mitigate derivative counterparty
 credit risk, assets pledged to exchanges as initial margin and
 assets held as collateral for repurchase funding agreements. Total
 unencumbered assets were $396.8 billion as at December&#xA0;31,
 2017 (2016 &#x2013; $396.3 billion).</font></p>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Liquidity
 Risk Exposure Measures</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN: 0pt 1%">
 <font style="FONT-FAMILY: ARIAL">We manage liquidity levels of the
 consolidated group and key subsidiaries against established
 thresholds. We measure liquidity under both immediate (within one
 month) and ongoing (within one year) stress scenarios. Our policy
 is to maintain the ratio of assets to liabilities, both adjusted
 for their liquidity values, above the pre-established
 limit.</font></p>
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt">
 <font style="FONT-FAMILY: ARIAL">Increased use of derivatives for
 hedging purposes has necessitated greater emphasis on measurement
 and management of contingent liquidity risk related to these
 instruments. The market value of our derivative portfolio is
 therefore regularly stress tested to assess the potential
 collateral and cash settlement requirements under various market
 conditions.</font></p>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Manulife Bank (the
 &#x201C;Bank&#x201D;) has a stand-alone liquidity risk management
 policy framework. The framework includes stress testing, cash flow
 modeling, a funding plan and a contingency plan. The Bank has an
 established securitization infrastructure which enables the Bank to
 access a range of funding and liquidity sources. The Bank models
 extreme but plausible stress scenarios that demonstrate that the
 Bank has a sufficient pool of highly liquid money market securities
 and holdings of sovereign bonds, near-sovereign bonds and other
 liquid marketable securities, which when combined with the
 Bank&#x2019;s capacity to securitize residential mortgage assets
 provides sufficient liquidity to meet potential requirements under
 these stress scenarios.</font></p>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfAccountingPolicyForReportingEntityExplanatory', window );">Reporting entity</a></td>
<td class="text"><div>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>(a)
 Reporting entity</b></font></font></p>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Manulife Financial Corporation
 (&#x201C;MFC&#x201D;) is a publicly traded company and the holding
 company of The Manufacturers Life Insurance Company
 (&#x201C;MLI&#x201D;), a Canadian life insurance company. MFC and its
 subsidiaries (collectively, &#x201C;Manulife&#x201D; or the
 &#x201C;Company&#x201D;) is a leading financial services group with
 principal operations in Asia, Canada and the United States.
 Manulife&#x2019;s international network of employees, agents and
 distribution partners offers financial protection and wealth
 management products and services to personal and business clients
 as well as asset management services to institutional customers.
 The Company operates as Manulife in Canada and Asia and as John
 Hancock in the United States.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">MFC is domiciled in Canada and
 incorporated under the Insurance Companies Act (Canada)
 (&#x201C;ICA&#x201D;). These Consolidated Financial Statements have
 been prepared in accordance with International Financial Reporting
 Standards (&#x201C;IFRS&#x201D;) as issued by the
 International&#xA0;Accounting Standards Board
 (&#x201C;IASB&#x201D;).</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">These Consolidated Financial
 Statements should be read in conjunction with &#x201C;Risk
 Management&#x201D; in the 2017 Management&#x2019;s Discussion and
 Analysis (&#x201C;MD&amp;A&#x201D;) dealing with IFRS 7
 &#x201C;Financial Instruments: Disclosures&#x201D; as the discussion
 on market risk and liquidity risk includes certain disclosures that
 are considered an integral part of these Consolidated Financial
 Statements.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">These Consolidated Financial
 Statements as at and for the year ended December&#xA0;31, 2017 were
 authorized for issue by MFC&#x2019;s Board of Directors on
 February&#xA0;7, 2018.</font></p>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfAccountingPolicyForBasisOfPreparationExplanatory', window );">Basis of preparation</a></td>
<td class="text"><div>
 <p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>(b) Basis
 of preparation</b></font></font></p>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The preparation of Consolidated
 Financial Statements in conformity with IFRS requires management to
 make judgments, estimates and assumptions that affect the
 application of accounting policies and the reported amounts of
 assets and liabilities, and the disclosure of contingent assets and
 liabilities as at the date of the Consolidated Financial
 Statements, and the reported amounts of revenue and expenses during
 the reporting periods. Actual results may differ from these
 estimates. The most significant estimation processes relate to
 assumptions used in measuring insurance and investment contract
 liabilities, assessing assets for impairment, determining of
 pension and other post-employment benefit obligation and expense
 assumptions, determining income taxes and uncertain tax positions
 and fair valuation of certain invested assets. Estimates and
 underlying assumptions are reviewed on an ongoing basis. Revisions
 to accounting estimates are recognized in the year in which the
 estimates are revised and in any future years affected. Although
 some variability is inherent in these estimates, management
 believes that the amounts recorded are appropriate. The significant
 accounting policies used and the most significant judgments made by
 management in applying these accounting policies in the preparation
 of these Consolidated Financial Statements are summarized
 below.</font></p>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory', window );">Fair value measurement</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(c) Fair
 value measurement</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Fair value is defined as the price
 that would be received to sell an asset or paid to transfer a
 liability in an orderly transaction (not a forced liquidation or
 distress sale) between market participants at the measurement date,
 that is, an exit value.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">When available, quoted market
 prices are used to determine fair value. If quoted market prices
 are not available, fair value is typically based upon alternative
 valuation techniques such as discounted cash flows, matrix pricing,
 consensus pricing services and other techniques. Broker quotes are
 generally used when external public vendor prices are not
 available.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The Company has a process in place
 that includes a review of price movements relative to the market, a
 comparison of prices between vendors, and a comparison to internal
 matrix pricing which uses predominately external observable data.
 Judgment is applied in adjusting external observable data for items
 including liquidity and credit factors.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The Company categorizes its fair
 value measurements according to a three-level hierarchy. The
 hierarchy prioritizes the inputs used by the Company&#x2019;s
 valuation techniques. A level is assigned to each fair value
 measurement based on the lowest level input significant to the fair
 value measurement in its entirety. The three levels of the fair
 value hierarchy are defined as follows:</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Level 1&#xA0;&#x2013;&#xA0;Fair
 value measurements that reflect unadjusted, quoted prices in active
 markets for identical assets and liabilities that the Company has
 the ability to access at the measurement date reflecting market
 transactions.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Level 2&#xA0;&#x2013;&#xA0;Fair
 value measurements using inputs other than quoted prices included
 within Level&#xA0;1 that are observable for the asset or liability,
 either directly or indirectly. These include quoted prices for
 similar assets and liabilities in active markets, quoted prices for
 identical or similar assets and liabilities in inactive markets,
 inputs that are observable that are not prices (such as interest
 rates, credit risks, etc.) and inputs that are derived from or
 corroborated by observable market data. Most debt securities are
 classified within Level&#xA0;2. Also, included in the Level&#xA0;2
 category are derivative instruments that are priced using models
 with observable market inputs, including interest rate swaps,
 equity swaps, and foreign currency forward contracts.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Level 3&#xA0;&#x2013;&#xA0;Fair
 value measurements using significant <font style="WHITE-SPACE: nowrap">non-market</font> observable inputs. These
 include valuations for assets and liabilities that are derived
 using data, some or all of which is not market observable,
 including assumptions about risk. Level&#xA0;3 securities
 include&#xA0;less liquid securities such as structured asset-backed
 securities, commercial mortgage-backed securities
 (&#x201C;CMBS&#x201D;), certain <font style="WHITE-SPACE: nowrap">long-duration</font> bonds and other
 securities that have little or no price transparency. Embedded and
 complex derivative financial instruments as well as real estate
 classified as investment property are also included in
 Level&#xA0;3.</font></p>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfAccountingPolicyForBasisOfConsolidationExplanatory', window );">Basis of consolidation</a></td>
<td class="text"><div>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>(d) Basis
 of consolidation</b></font></font></p>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">MFC consolidates the financial
 statements of all entities, including certain structured entities
 that it controls. Subsidiaries are entities controlled by the
 Company. The Company has control over an entity when the Company
 has the power to govern the financial and operating policies of the
 entity, is exposed to variable returns from its activities which
 are significant in relation to the total variable returns of the
 entity and the Company is able to use its power over the entity to
 affect its share of variable returns. In assessing control,
 significant judgment is applied while considering all relevant
 facts and circumstances. When assessing decision-making power, the
 Company considers the extent of its rights relative to the
 management of an entity, the level of voting rights held in an
 entity which are potentially or presently exercisable, the
 existence of any contractual management agreements which may
 provide the Company with power over an entity&#x2019;s financial and
 operating policies and to the extent of other parties&#x2019;
 ownership in an entity, if any, the possibility for de facto
 control being present. When assessing returns, the Company
 considers the significance of direct and indirect financial and
 <font style="white-space:nowrap">non-financial</font> variable
 returns to the Company from an entity&#x2019;s activities in
 addition to the proportionate significance of such returns. The
 Company also considers the degree to which its interests are
 aligned with those of other parties investing in an entity and the
 degree to which it may act in its own interest.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The financial statements of
 subsidiaries are included in the MFC&#x2019;s consolidated results
 from the date control is established and are excluded from
 consolidation from the date control ceases. The initial control
 assessment is performed at inception of the Company&#x2019;s
 involvement with the entity and is reconsidered at a later date if
 the Company acquires or loses power over key operating and
 financial policies of the entity; acquires additional interests or
 disposes of interests in the entity; the contractual arrangements
 of the entity are amended such that the Company&#x2019;s
 proportionate exposure to variable returns changes; or if the
 Company&#x2019;s ability to use its power to affect its variable
 returns from the entity changes.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The Company&#x2019;s Consolidated
 Financial Statements have been prepared using uniform accounting
 policies for like transactions and events in similar circumstances.
 Intercompany balances, and income and expenses arising from
 intercompany transactions, have been eliminated in preparing the
 Consolidated Financial Statements.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font style="white-space:nowrap">Non-controlling</font> interests are interests
 of other parties in the equity of MFC&#x2019;s subsidiaries and are
 presented within total equity, separate from the equity of
 MFC&#x2019;s shareholders. <font style="white-space:nowrap">Non-controlling</font> interests in the net
 income and other comprehensive income (&#x201C;OCI&#x201D;) of
 MFC&#x2019;s subsidiaries are included in total net income and total
 OCI, respectively. An exception to this occurs where the
 subsidiary&#x2019;s shares are required to be redeemed for cash on a
 fixed or determinable date, in which case other parties&#x2019;
 interests in the subsidiary&#x2019;s capital are presented as
 liabilities of the Company and other parties&#x2019; <font style="white-space:nowrap">non-controlling</font> interests in the
 subsidiary&#x2019;s income and OCI are recorded as expenses of the
 Company.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The equity method of accounting is
 used to account for entities over which the Company has significant
 influence (&#x201C;associates&#x201D;), whereby the Company records
 its share of the associate&#x2019;s net assets and financial results
 using uniform accounting policies for similar transactions and
 events. Significant judgment is used to determine whether voting
 rights, contractual management and other relationships with the
 entity, if any, provide the Company with significant influence over
 the entity. Gains and losses on the sale of associates are included
 in income when realized, while impairment losses are recognized
 immediately when there is objective evidence of impairment. Gains
 and losses on commercial transactions with associates are
 eliminated to the extent of the Company&#x2019;s interest in the
 associate. Investments in associates are included in other invested
 assets on the Company&#x2019;s Consolidated Statements of Financial
 Position.</font></p>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfAccountingPolicyForInvestedAssetsExplanatory', window );">Invested assets</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(e)
 Invested assets</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Invested assets that are
 considered financial instruments are classified as fair value
 through profit or loss (&#x201C;FVTPL&#x201D;), loans and
 receivables, or as <font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">available-for-sale</font></font>
 (&#x201C;AFS&#x201D;) financial assets. The Company determines the
 classification of its financial assets at initial recognition.
 Invested assets are recognized initially at fair value plus, in the
 case of investments not at FVTPL, directly attributable transaction
 costs. Invested assets are classified as financial instruments at
 FVTPL if they are held for trading, if they are designated by
 management under the fair value option, or if they are designated
 by management when they include one or more embedded derivatives.
 Invested assets classified as AFS are <font style="WHITE-SPACE: nowrap">non-derivative</font> financial assets that
 do not fall into any of the other categories described
 above.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Valuation methods for the
 Company&#x2019;s invested assets are described above. All fair value
 valuations are performed in accordance with IFRS 13 &#x201C;Fair
 Value Measurement&#x201D;. Disclosure of financial instruments
 carried at fair value with the three levels of the fair value
 hierarchy and the disclosure of the fair value for financial
 instruments not carried at fair value on the Consolidated
 Statements of Financial Position are presented in note 4. Fair
 value valuations are performed by the Company and by third-party
 service providers. When third-party service providers are engaged,
 the Company performs a variety of procedures to corroborate pricing
 information. These procedures may include, but are not limited to,
 inquiry and review of valuation techniques, inputs to the valuation
 and vendor controls reports.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Cash and short-term securities
 comprise cash, current operating accounts, overnight bank and term
 deposits, and fixed income securities held for the purpose of
 meeting short-term cash commitments. Short-term securities are
 carried at fair value. Short-term securities are comprised of
 investments due to mature within one year of the date of purchase.
 Commercial paper and discount notes are classified as Level&#xA0;2
 because these securities are typically not actively traded. Net
 payments in transit and overdraft bank balances are included in
 other liabilities.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Debt securities are carried at
 fair value. Debt securities are generally valued by independent
 pricing vendors using proprietary pricing models incorporating
 current market inputs for similar instruments with comparable terms
 and credit quality (matrix pricing). The significant inputs
 include, but are not limited to, yield curves, credit risks and
 spreads, measures of volatility and prepayment rates. These debt
 securities are classified as Level&#xA0;2, but can be Level&#xA0;3
 if the significant inputs are market unobservable. Realized gains
 and losses on sale of debt securities and unrealized gains and
 losses on debt securities designated as FVTPL are recognized in
 investment income immediately. Unrealized gains and losses on AFS
 debt securities are recorded in OCI, with the exception of
 unrealized gains and losses on foreign currency translation which
 are included in income. Impairment losses on AFS debt securities
 are recognized in income on an individual security basis when there
 is objective evidence of impairment. Impairment is considered to
 have occurred, based on management&#x2019;s judgment, when it is
 deemed probable that the Company will not be able to collect all
 amounts due according to the debt security&#x2019;s contractual
 terms.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Equities are comprised of common
 and preferred equities and are carried at fair value. Equities are
 generally classified as Level&#xA0;1, as fair values are normally
 based on quoted market prices. Realized gains and losses on sale of
 equities and unrealized gains and losses on equities designated as
 FVTPL are recognized in investment income immediately. Unrealized
 gains and losses on AFS equities are recorded in OCI. Impairment
 losses on AFS equities are recognized in income on an individual
 security basis when there is objective evidence of impairment.
 Impairment is considered to have occurred when fair value has
 declined below cost by significant amounts or for prolonged periods
 of time. Judgment is applied in determining whether the decline is
 significant or prolonged.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Mortgages are carried at amortized
 cost, and are classified as Level&#xA0;3 for fair value purposes
 due to the lack of market observability of certain significant
 valuation inputs. Realized gains and losses are recorded in
 investment income immediately. Impairment losses are recorded on
 mortgages when there is no longer reasonable assurance as to the
 timely collection of the full amount of principal and interest and
 are measured based on the discounted value of expected future cash
 flows at the original effective interest rates inherent in the
 mortgage. Expected future cash flows of impaired mortgages are
 typically determined in reference to the fair value of collateral
 security underlying the mortgage, net of expected costs of
 realization and any applicable insurance recoveries. Significant
 judgment is applied in the determination of impairment including
 the timing and amount of future collections.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The Company accounts for insured
 and uninsured mortgage securitizations as secured financing
 transactions since the criteria for sale accounting are not met.
 For these transactions, the Company continues to recognize the
 mortgages and records a liability in other liabilities for the
 amounts owed at maturity. Interest income from these mortgages and
 interest expense on the borrowings are recorded using the effective
 interest rate method.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Private placements, which include
 corporate loans for which there is no active market, are carried at
 amortized cost and are generally classified as Level&#xA0;2 for
 fair value disclosure purposes, but can be classified as
 Level&#xA0;3 if significant inputs are market unobservable.
 Realized gains and losses are recorded in income immediately.
 Impairment losses are recorded on private placements when there is
 no longer assurance as to the timely collection of the full amount
 of principal and interest. Impairment is measured based on the
 discounted value of expected future cash flows at the original
 effective interest rate inherent in the loan. Significant judgment
 is applied in the determination of impairment including the timing
 and amount of future collections.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Policy loans are carried at an
 amount equal to their unpaid balances and are classified as
 Level&#xA0;2 for fair value disclosure purposes. Policy loans are
 fully collateralized by the cash surrender value of the underlying
 policies.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Loans to Manulife Bank of Canada
 (&#x201C;Manulife Bank&#x201D; or &#x201C;Bank&#x201D;) clients are
 carried at unpaid principal balances less allowance for credit
 losses, if any, and are classified as Level&#xA0;2 for fair value
 disclosure purposes. A loan to a Bank client is considered impaired
 when there is objective evidence of impairment as a result of one
 or more loss events that have occurred after initial recognition,
 with a negative impact on the estimated future cash flows of the
 loan.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Once established, allowances for
 impairment of mortgages, private placements and loans to Bank
 clients are reversed only if the conditions that caused the
 impairment no longer exist. Reversals of impairment charges on AFS
 debt securities are only recognized in income to the extent that
 increases in fair value can be attributed to events subsequent to
 the impairment loss being recorded. Impairment losses for AFS
 equity instruments are not reversed through income. On disposition
 of an impaired asset, any allowance for impairment is
 released.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">In addition to impairments and
 provisions for loan losses (recoveries) reported in investment
 income, the measurement of insurance contract liabilities via
 investment return assumptions, includes expected future credit
 losses on fixed income investments. Refer to
 note&#xA0;8(d).</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Interest income is recognized on
 debt securities, mortgages, private placements, policy loans and
 loans to Bank clients as it accrues and is calculated using the
 effective interest rate method. Premiums, discounts and transaction
 costs are amortized over the life of the underlying investment
 using the effective yield method for all debt securities as well as
 mortgages and private placements measured at amortized
 cost.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The Company records purchases and
 sales of invested assets on a trade date basis, except for loans
 originated by the Company, which are recognized on a settlement
 date basis.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Real estate consists of both own
 use and investment property. Own use property is carried at cost
 less accumulated depreciation and any accumulated impairment
 losses. Depreciation is calculated based on the cost of an asset
 less its residual value and is recognized in income on a
 straight-line basis over the estimated useful life ranging from 30
 to 60 years. Impairment losses are recorded in income to the extent
 the recoverable amount is less than the carrying amount. Where own
 use property is included in assets backing insurance contract
 liabilities, the fair value of the property is used in the
 valuation of insurance contract liabilities. Own use property is
 classified as Level&#xA0;3 for fair value disclosure
 purposes.</font></p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">An investment property is a
 property held to earn rental income, for capital appreciation, or
 both. Investment properties are measured at fair value, with
 changes in fair value recognized in income. Fair value is
 determined using external appraisals that are based on the highest
 and best use of the property. The valuation techniques used include
 discounted cash flows, the direct capitalization method as well as
 comparable sales analysis and include both observable and
 unobservable inputs. Inputs include existing and assumed tenancies,
 market data from recent comparable transactions, future economic
 outlook and market risk assumptions, capitalization rates and
 internal rates of return. Investment properties are classified as
 Level&#xA0;3 for fair value disclosure purposes.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">When a property changes from own
 use to investment property, any gain arising on the remeasurement
 of the property to fair value at the date of transfer is recognized
 in OCI, to the extent that it is not reversing a previous
 impairment loss. Reversals of impairment losses are recognized in
 income.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Other invested assets include
 private equity and property investments held in power and
 infrastructure and timber, as well as in agriculture and oil and
 gas sectors. Private equity investments are accounted for as
 associates using the equity method (as described in note 1(d)
 above) or are classified as FVTPL or AFS and carried at fair value.
 Investments in oil and gas exploration and evaluation activities
 are measured on the cost basis using the &#x201C;successful
 efforts&#x201D; method. Timber and agriculture properties are
 measured at fair value with changes in fair value recognized in
 income, with the exception of buildings, equipment and bearer
 plants which are measured at amortized cost. The fair value of
 other invested assets is determined using a variety of valuation
 techniques as described in note 4. Other invested assets that are
 measured or disclosed at fair value are classified as
 Level&#xA0;3.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Other invested assets also include
 investments in leveraged leases, which are accounted for using the
 equity method. The carrying value under the equity method reflects
 the amortized cost of the lease receivable and related <font style="WHITE-SPACE: nowrap">non-recourse</font> debt using the effective
 yield method.</font></p>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory', window );">Goodwill and intangible assets</a></td>
<td class="text"><div>
 <p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>(f)
 Goodwill and intangible assets</b></font></font></p>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Goodwill represents the difference
 between the purchase consideration of an acquired business and the
 Company&#x2019;s proportionate share of the net identifiable assets
 acquired. It is initially recorded at cost and subsequently
 measured at cost less any accumulated impairment.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Goodwill is tested for impairment
 at least annually and whenever events or changes in circumstances
 indicate that the carrying amounts may not be recoverable at the
 cash generating unit (&#x201C;CGU&#x201D;) or group of CGUs level.
 The Company allocates goodwill to CGUs or groups of CGUs for the
 purpose of impairment testing based on the lowest level within the
 entity in which the goodwill is monitored for internal management
 purposes. The allocation is made to those CGUs or groups of CGUs
 that are expected to benefit from the business combination in which
 the goodwill arose. Any potential impairment of goodwill is
 identified by comparing the recoverable amount of a CGU or group of
 CGUs to its carrying value. Goodwill is reduced by the amount of
 deficiency, if any. If the deficiency exceeds the carrying amount
 of goodwill, the carrying values of the remaining assets in the CGU
 or group of CGUs are subject to being reduced by the excess on a
 <font style="white-space:nowrap">pro-rata</font> basis.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The recoverable amount of a CGU is
 the higher of the estimated fair value less costs to sell or the
 <font style="white-space:nowrap"><font style="white-space:nowrap">value-in-use</font></font> of the CGU. In
 assessing <font style="white-space:nowrap"><font style="white-space:nowrap">value-in-use,</font></font> estimated future
 cash flows are discounted using a <font style="white-space:nowrap">pre-tax</font> discount rate that reflects
 current market assessments of the time value of money and the risks
 specific to the asset. In some cases, the most recent detailed
 calculation made in a prior period of the recoverable amount of a
 CGU is used in the testing of impairment of goodwill in the current
 period. This is the case only if there are no significant changes
 to the CGU, the likelihood of impairment is remote based on the
 analysis of current events and circumstances, and the most recent
 recoverable amount substantially exceeds the carrying amount of the
 CGU.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Intangible assets with indefinite
 useful lives include the John Hancock brand name and certain
 investment management contracts. The indefinite useful life
 assessment for brand is based on the brand name being protected in
 markets where branded products are sold by trademarks, which are
 renewable indefinitely, and for certain investment management
 contracts due to the ability to renew these contracts indefinitely.
 In addition, there are no legal, regulatory or contractual
 provisions that limit the useful lives of these intangible assets.
 An intangible asset with an indefinite useful life is not amortized
 but is subject to an annual impairment test which is performed more
 frequently if there is an indication that it is not
 recoverable.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Intangible assets with finite
 useful lives include acquired distribution networks, customer
 relationships, capitalized software, certain investment management
 contracts and other contractual rights. Distribution networks,
 customer relationships, and other finite life intangible assets are
 amortized over their estimated useful lives, six to 68 years,
 either based on straight-line or in relation to other asset
 consumption metrics. Software intangible assets are amortized on a
 straight-line basis over their estimated useful lives of three to
 five years. Finite life intangible assets are assessed for
 indicators of impairment at each reporting period. If any
 indication of impairment exists, these assets are subject to an
 impairment test.</font></p>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfAccountingPolicyForMiscellaneousAssetsExplanatory', window );">Miscellaneous assets</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(g)
 Miscellaneous assets</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Miscellaneous assets include
 assets held in a rabbi trust with respect to unfunded defined
 benefit obligations, defined benefit assets, if any (refer to note
 1(o)), deferred acquisition costs and capital assets. Deferred
 acquisition costs are carried at cost less accumulated
 amortization. These costs are recognized over the period where
 redemption fees may be charged or over the period revenue is
 earned. Capital assets are carried at cost less accumulated
 amortization computed on a straight-line basis over their estimated
 useful lives, which vary from two to 10 years.</font></p>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfAccountingPolicyForSegregatedFundsExplanatory', window );">Segregated funds</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(h)
 Segregated funds</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The Company manages a number of
 segregated funds on behalf of policyholders. The investment returns
 on these funds are passed directly to policyholders. In some cases,
 the Company has provided guarantees associated with these
 funds.</font></p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Segregated funds net assets are
 measured at fair value and primarily include investments in mutual
 funds, debt securities, equities, real estate, short-term
 investments and cash and cash equivalents. With respect to the
 consolidation requirement of IFRS, in assessing the Company&#x2019;s
 degree of control over the underlying investments, the Company
 considers the scope of its decision-making rights, the rights held
 by other parties, its remuneration as an investment manager and its
 exposure to variability of returns. The Company has determined that
 it does not have control over the underlying investments as it acts
 as an agent on behalf of segregated fund policyholders.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The methodology applied to
 determine the fair value of investments held in segregated funds is
 consistent with that applied to invested assets held by the general
 fund, as described above in note 1(e). Segregated funds liabilities
 are measured based on the value of the segregated funds net assets.
 Investment returns on segregated funds assets belong to
 policyholders and the Company does not bear the risk associated
 with these assets outside of guarantees offered on certain variable
 life and annuity products, for which the underlying investments are
 held within segregated funds. Accordingly, investment income earned
 by segregated funds and expenses incurred by segregated funds are
 offset and are not separately presented in the Consolidated
 Statements of Income. Fee income earned by the Company for managing
 the segregated funds is included in other revenue. Refer to note
 22.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Liabilities related to guarantees
 associated with certain segregated funds, as a result of certain
 variable life and annuity contracts, are recorded within the
 Company&#x2019;s insurance contract liabilities. The Company holds
 assets supporting these guarantees which are recognized in invested
 assets according to their investment type.</font></p>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForInsuranceContracts', window );">Insurance and investment contract liabilities</a></td>
<td class="text"><div>
 <p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>(i)
 Insurance and investment contract liabilities</b></font></font></p>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Most contracts issued by the
 Company are considered insurance, investment or service contracts.
 Contracts under which the Company accepts significant insurance
 risk from a policyholder are classified as insurance contracts in
 the Consolidated Financial Statements. A contract is considered to
 have significant insurance risk if, and only if, an insured event
 could cause an insurer to make significant additional payments in
 any scenario, excluding scenarios that lack commercial substance at
 the inception of the contract. Contracts under which the Company
 does not accept significant insurance risk are either classified as
 investment contracts or considered service contracts and are
 accounted for in accordance with IAS 39 <i>&#x201C;</i>Financial
 Instruments: Recognition and Measurement<i>&#x201D;</i> or IAS 18
 &#x201C;Revenue&#x201D;, respectively.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Once a contract has been classified
 as an insurance contract it remains an insurance contract even if
 the insurance risk reduces significantly. Investment contracts can
 be reclassified as insurance contracts if insurance risk
 subsequently becomes significant.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Insurance contract liabilities, net
 of reinsurance assets, represent the amount which, together with
 estimated future premiums and net investment income, will be
 sufficient to pay estimated future benefits, policyholder dividends
 and refunds, taxes (other than income taxes) and expenses on
 policies <font style="white-space:nowrap">in-force.</font>
 Insurance contract liabilities are presented gross of reinsurance
 assets on the Consolidated Statements of Financial Position. The
 Company&#x2019;s Appointed Actuary is responsible for determining
 the amount of insurance contract liabilities in accordance with
 standards established by the Canadian Institute of Actuaries.
 Insurance contract liabilities, net of reinsurance assets, have
 been determined using the Canadian Asset Liability Method
 (&#x201C;CALM&#x201D;) as permitted by IFRS 4 &#x201C;Insurance
 Contracts&#x201D;. Refer to note 8.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Investment contract liabilities
 include contracts issued to retail and institutional investors that
 do not contain significant insurance risk. Investment contract
 liabilities and deposits are measured at amortized cost or at fair
 value by election. The election reduces accounting mismatches
 between assets supporting these contracts and the related policy
 liabilities. Investment contract liabilities are derecognized when
 the contract expires, is discharged or is cancelled.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Derivatives embedded within
 insurance contracts are separated if they are not considered to be
 closely related to the host insurance contract and do not meet the
 definition of an insurance contract. These embedded derivatives are
 presented separately in other assets or other liabilities and are
 measured at fair value with changes in fair value recognized in
 income.</font></p>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForReinsuranceExplanatory', window );">Reinsurance assets</a></td>
<td class="text"><div>
 <p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>(j)
 Reinsurance assets</b></font></font></p>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The Company uses reinsurance in the
 normal course of business to manage its risk exposure. Insurance
 ceded to a reinsurer does not relieve the Company from its
 obligations to policyholders. The Company remains liable to its
 policyholders for the portion reinsured to the extent that any
 reinsurer does not meet its obligations for reinsurance ceded to it
 under a reinsurance agreement.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Reinsurance assets represent the
 benefit derived from reinsurance agreements <font style="white-space:nowrap">in-force</font> at the reporting date, taking
 into account the financial condition of the reinsurer. Amounts
 recoverable from reinsurers are estimated in accordance with the
 terms of the relevant reinsurance contract.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Gains or losses on reinsurance
 transactions are recognized in income immediately on the
 transaction date and are not amortized. Premiums ceded and claims
 reimbursed are presented on a gross basis on the Consolidated
 Statements of Income. Reinsurance assets are not offset against the
 related insurance contract liabilities and are presented separately
 on the Consolidated Statements of Financial Position. Refer to note
 8(a).</font></p>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory', window );">Other financial instruments accounted for as liabilities</a></td>
<td class="text"><div>
 <p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>(k) Other
 financial instruments accounted for as
 liabilities</b></font></font></p>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The Company issues a variety of
 other financial instruments classified as liabilities, including
 notes payable, term notes, senior notes, senior debentures,
 subordinated notes, surplus notes, subscription receipts and
 preferred shares.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">These financial liabilities are
 measured at amortized cost, with issuance costs deferred and
 amortized using the effective interest rate method.</font></p>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory', window );">Income taxes</a></td>
<td class="text"><div>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>(l) Income
 taxes</b></font></font></p>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The provision for income taxes is
 calculated based on income tax laws and income tax rates
 substantively enacted as at the date of the Consolidated Statements
 of Financial Position. The income tax provision is comprised of
 current income taxes and deferred income taxes. Current and
 deferred income taxes relating to items recognized in OCI and
 directly in equity are similarly recognized in OCI and directly in
 equity, respectively.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Current income taxes are amounts
 expected to be payable or recoverable as a result of operations in
 the current year and any adjustments to taxes payable in respect of
 previous years.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Deferred income taxes are provided
 for using the liability method and result from temporary
 differences between the carrying values of assets and liabilities
 and their respective tax bases. Deferred income taxes are measured
 at the substantively enacted tax rates that are expected to be
 applied to temporary differences when they reverse.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">A deferred tax asset is recognized
 to the extent that future realization of the tax benefit is
 probable. Deferred tax assets are reviewed at each reporting date
 and are reduced to the extent that it is no longer probable that
 the tax benefit will be realized. Deferred tax assets and
 liabilities are offset if there is a legally enforceable right to
 offset current tax liabilities and assets and they relate to income
 taxes levied by the same tax authority on the same taxable
 entity.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Deferred tax liabilities are
 recognized for all taxable temporary differences, except in respect
 of taxable temporary differences associated with investments in
 subsidiaries and associates, where the timing of the reversal of
 the temporary differences can be controlled and it is probable that
 the temporary differences will not reverse in the foreseeable
 future.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The Company records provisions for
 uncertain tax positions if it is probable that the Company will
 make a payment on tax positions as a result of examinations by tax
 authorities. These provisions are measured at the Company&#x2019;s
 best estimate of the amount expected to be paid. Provisions are
 reversed to income in the period in which management assesses they
 are no longer required or determined by statute.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The Company is subject to income
 tax laws in various jurisdictions. Tax laws are complex and
 potentially subject to different interpretations by the taxpayer
 and the relevant tax authority. The provision for income taxes and
 deferred income taxes represents management&#x2019;s interpretation
 of the relevant tax laws and its estimate of current and future
 income tax implications of the transactions and events during the
 year. The Company may be required to change its provision for
 income taxes or deferred income tax balances when the ultimate
 deductibility of certain items is successfully challenged by taxing
 authorities, or if estimates used in determining the amount of
 deferred tax asset to recognize change significantly, or when
 receipt of new information indicates the need for adjustment in the
 amount of deferred income taxes to be recognized. Additionally,
 future events, such as changes in tax laws, tax regulations, or
 interpretations of such laws or regulations, could have an impact
 on the provision for income taxes, deferred tax balances and the
 effective tax rate. Any such changes could materially affect the
 amounts reported in the Consolidated Financial Statements in the
 period these changes occur.</font></p>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory', window );">Foreign currency translation</a></td>
<td class="text"><div>
 <p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>(m)
 Foreign currency translation</b></font></font></p>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Items included in the financial
 statements of each of the Company&#x2019;s subsidiaries are measured
 by each subsidiary using the currency of the primary economic
 environment in which the entity operates (the &#x201C;functional
 currency&#x201D;).</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Transactions in a foreign currency
 are translated to the functional currency at the exchange rate
 prevailing at the date of the transaction. Assets and liabilities
 denominated in foreign currencies are translated to the functional
 currency at the exchange rate in effect at the reporting date.
 Revenue and expenses denominated in foreign currencies are
 translated at the average exchange rate prevailing during the
 quarter reported. Exchange gains and losses are recognized in
 income with the exception of translation of net investments in
 foreign operations and the results of hedging these
 positions.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">These foreign exchange gains and
 losses are recognized in OCI until such time that the foreign
 operation is disposed of or control or significant influence over
 it is lost.</font></p>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory', window );">Stock-based compensation</a></td>
<td class="text"><div>
 <p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>(n)
 Stock-based compensation</b></font></font></p>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The Company provides stock-based
 compensation to certain employees and directors as described in
 note 15. Compensation expense of equity instruments is accrued
 based on the best estimate of the number of instruments expected to
 vest, with revisions made to that estimate if subsequent
 information indicates that actual forfeitures are likely to differ
 from initial estimates, unless forfeitures are due to market-based
 conditions.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Stock options are expensed with a
 corresponding increase in contributed surplus. Restricted share
 units and deferred share units are expensed with a corresponding
 liability accrued based on the market value of MFC&#x2019;s common
 shares at the end of each quarter. Performance share units are
 expensed with a corresponding liability accrued based on specific
 performance conditions and the market value of MFC&#x2019;s common
 shares at the end of each quarter. The change in the value of the
 awards resulting from changes in the market value of MFC&#x2019;s
 common shares or changes in the specific performance conditions and
 credited dividends is recognized in income, offset by the impact of
 total return swaps used to manage the variability of the related
 liability.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Stock-based compensation cost is
 recognized over the applicable vesting period, except if the
 employee is eligible to retire at the time of grant or will be
 eligible to retire during the vesting period. Compensation cost,
 attributable to stock options, restricted share units, and
 performance share units granted to employees who are eligible to
 retire on the grant date or who will become eligible to retire
 during the vesting period, is recognized at the grant date or over
 the period from the grant date to the date of retirement
 eligibility, respectively.</font></p>
 <p style="font-size:1px;margin-top:6px;margin-bottom:0px">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The Company&#x2019;s contributions
 to the Global Share Ownership Plan (&#x201C;GSOP&#x201D;) (refer to
 note 15(d)), are expensed as incurred. Under the GSOP, subject to
 certain conditions, the Company will match a percentage of an
 employee&#x2019;s eligible contributions to certain maximums. All
 contributions are used by the plan&#x2019;s trustee to purchase MFC
 common shares in the open market.</font></p>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory', window );">Employee future benefits</a></td>
<td class="text"><div>
 <p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>(o)
 Employee future benefits</b></font></font></p>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The Company maintains defined
 contribution and defined benefit pension plans and other
 post-employment plans for employees and agents including registered
 (tax qualified) pension plans that are typically funded as well as
 supplemental <font style="white-space:nowrap">non-registered</font>
 <font style="white-space:nowrap">(non-qualified)</font> pension
 plans for executives, retiree welfare plans and disability welfare
 plans that are typically not funded.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The Company&#x2019;s obligation in
 respect of defined benefit pension and other post-employment
 benefits is calculated for each plan as the estimated present value
 of future benefits that eligible employees have earned in return
 for their service up to the reporting date using the projected
 benefit method. The discount rate used is based on the yield, as at
 the reporting date, of high quality corporate debt securities that
 have approximately the same term as the obligations and that are
 denominated in the same currency in which the benefits are expected
 to be paid.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">To determine the Company&#x2019;s
 net defined benefit asset or liability, the fair value of plan
 assets is deducted from the defined benefit obligations. When this
 calculation results in a surplus, the asset that can be recognized
 is limited to the present value of future economic benefit
 available in the form of future refunds from the plan or reductions
 in future contributions to the plan (the asset limit). Defined
 benefit assets are included in other assets and defined benefit
 liabilities are included in other liabilities.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Changes in the net defined benefit
 asset or liability due to <font style="white-space:nowrap">re-measurement</font> of pension and retiree
 welfare plans are recorded in OCI in the period in which they occur
 and are not reclassified to income in subsequent periods. They
 consist of actuarial gains and losses, the impact of the asset
 limit, if any, and the return on plan assets, excluding amounts
 included in net interest income or expense. Changes in the net
 defined benefit asset or liability due to <font style="white-space:nowrap">re-measurement</font> of disability welfare
 plans are recorded in income in the period in which they
 occur.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The cost of defined benefit pension
 plans is recognized over the employee&#x2019;s years of service to
 retirement while the cost of retiree welfare plans is recognized
 over the employee&#x2019;s years of service to their date of full
 eligibility. The net benefit cost for the year is recorded in
 income and is calculated as the sum of the service cost in respect
 of the fiscal year, the net interest income or expense and any
 applicable administration expenses, plus past service costs or
 credits resulting from plan amendments or curtailments. The net
 interest income or expense is determined by applying the discount
 rate to the net defined benefit asset or liability. The current
 year cost of disability welfare plans is the year-over-year change
 in the defined benefit obligation, including any actuarial gains or
 losses.</font></p>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The cost of defined contribution
 plans is the contribution provided by the Company and is recorded
 in income in the periods during which services are rendered by
 employees.</font></p>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory', window );">Derivative and hedging instruments</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(p)
 Derivative and hedging instruments</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The Company uses derivative
 financial instruments (&#x201C;derivatives&#x201D;) including swaps,
 forward and futures agreements, and options to manage current and
 anticipated exposures to changes in interest rates, foreign
 exchange rates, commodity prices and equity market prices, and to
 replicate permissible investments. Derivatives embedded in other
 financial instruments (&#x201C;host instruments&#x201D;) are
 separately recorded as derivatives when their economic
 characteristics and risks are not closely related to those of the
 host instrument, the terms of the embedded derivative are the same
 as those of a standalone derivative and the host instrument itself
 is not recorded at FVTPL. Derivatives are recorded at fair value.
 Derivatives with unrealized gains are reported as derivative assets
 and derivatives with unrealized losses are reported as derivative
 liabilities.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">A determination is made for each
 derivative as to whether to apply hedge accounting. Where hedge
 accounting is not applied, changes in the fair value of derivatives
 are recorded in investment income. Refer to note 4(c).</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Where the Company has elected to
 apply hedge accounting, a hedging relationship is designated and
 documented at inception. Hedge effectiveness is evaluated at
 inception and throughout the term of the hedge and hedge accounting
 is only applied when the Company expects that the hedging
 relationship will be highly effective in achieving offsetting
 changes in fair value or changes in cash flows attributable to the
 risk being hedged. The assessment of hedge effectiveness is
 performed at the end of each reporting period both prospectively
 and retrospectively. When it is determined that a hedging
 relationship is no longer effective, or the hedging instrument or
 the hedged item has been sold or terminated, the Company
 discontinues hedge accounting prospectively. In such cases, if the
 derivatives are not sold or terminated, any subsequent changes in
 fair value of the derivatives are recognized in investment
 income.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">For derivatives that are
 designated as hedging instruments, changes in fair value are
 recognized according to the nature of the risks being hedged, as
 discussed below.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">In a fair value hedging
 relationship, changes in fair value of the hedging instruments are
 recorded in investment income, offsetting changes in fair value of
 the hedged items, which would otherwise not be carried at fair
 value. Hedge ineffectiveness is recognized in investment income and
 arises from differences between changes in the fair values of
 hedging instruments and hedged items. When hedge accounting is
 discontinued, the carrying value of the hedged item is no longer
 adjusted and the cumulative fair value adjustments are amortized to
 investment income over the remaining term of the hedged item unless
 the hedged item is sold, at which time the balance is recognized
 immediately in investment income.</font></p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">In a cash flow hedging
 relationship, the effective portion of the change in the fair value
 of the hedging instrument is recorded in OCI while the ineffective
 portion is recognized in investment income. Gains and losses in
 accumulated other comprehensive income (&#x201C;AOCI&#x201D;) are
 recognized in income during the same periods as the variability in
 the hedged cash flows or the hedged forecasted transactions are
 recognized in income. The reclassifications from accumulated other
 comprehensive income (&#x201C;AOCI&#x201D;) are made to investment
 income, with the exception of total return swaps that hedge
 restricted share units, which are reclassified to general
 expenses.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Gains and losses on cash flow
 hedges in AOCI are reclassified immediately to investment income
 when the hedged item is sold or the forecasted transaction is no
 longer expected to occur. When a hedge is discontinued, but the
 hedged forecasted transaction remains highly probable to occur, the
 amounts in AOCI are reclassified to investment income in the
 periods during which variability in the cash flows hedged or the
 hedged forecasted transaction is recognized in income.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">In a net investment in foreign
 operations hedging relationship, the gains and losses relating to
 the effective portion of the hedge are recorded in OCI. Gains and
 losses in AOCI are recognized in income during the periods when
 gains or losses on the underlying hedged net investment in foreign
 operations are recognized in income.</font></p>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfAccountingPolicyForPremiumIncomeAndRelatedExpensesExplanatory', window );">Premium income and related expenses</a></td>
<td class="text"><div>
 <p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>(q)
 Premium income and related expenses</b></font></font></p>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Gross premiums for all types of
 insurance contracts, and contracts with limited mortality or
 morbidity risk, are generally recognized as revenue when due.
 Premiums are reported gross of reinsurance ceded (refer to note 8).
 Revenue on service contracts is recognized as services are
 rendered.</font></p>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfAccountingPolicyForChangeInAccountingPolicyExplanatory', window );">Changes in accounting policy</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(a)
 Changes in accounting policy</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(I)
 Annual improvements to IFRS Standards 2014 &#x2013; 2016
 Cycle</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Effective January&#xA0;1, 2017,
 the Company adopted certain amendments issued within the Annual
 Improvements to IFRS Standards 2014-2016 Cycle, as issued by the
 IASB in December 2016. There are various minor amendments which are
 effective in 2017, with other amendments being effective
 January&#xA0;1, 2018. The currently effective amendments were
 applied retrospectively. Adoption of these amendments did not have
 a significant impact on the Company&#x2019;s Consolidated Financial
 Statements.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(II)
 Amendments to IAS 12 &#x201C;Income
 Taxes&#x201D;</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Effective January&#xA0;1, 2017,
 the Company adopted the amendments issued in January 2016 to IAS 12
 &#x201C;Income Taxes&#x201D;. These amendments were applied
 retrospectively. The amendments clarify recognition of deferred tax
 assets relating to unrealized losses on debt instruments measured
 at fair value. A deductible temporary difference arises when the
 carrying amount of the debt instrument measured at fair value is
 less than the cost for tax purposes, irrespective of whether the
 debt instrument is held for sale or held to maturity. The
 recognition of the deferred tax asset that arises from this
 deductible temporary difference is considered in combination with
 other deferred taxes applying local tax law restrictions where
 applicable. In addition, when estimating future taxable profits,
 consideration can be given to recovering more than the
 asset&#x2019;s carrying amount where probable. Adoption of these
 amendments did not have a significant impact on the Company&#x2019;s
 Consolidated Financial Statements.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(III)
 Amendments to IAS 7 &#x201C;Statement of Cash
 Flows&#x201D;</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Effective January&#xA0;1, 2017,
 the Company adopted the amendments issued in January 2016 to IAS 7
 &#x201C;Statement of Cash Flows&#x201D;. These amendments were
 applied prospectively. These amendments require companies to
 provide information about changes in their financing liabilities.
 Adoption of these amendments did not have a significant impact on
 the Company&#x2019;s Consolidated Financial Statements.</font></p>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfAccountingPolicyForFutureAccountingAndReportingChangesExplanatory', window );">Future accounting and reporting changes</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(b)
 Future accounting and reporting changes</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(I) IFRS
 15 &#x201C;Revenue from Contracts with
 Customers&#x201D;</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">IFRS 15 &#x201C;Revenue from
 Contracts with Customers&#x201D; was issued in May 2014, and
 replaces IAS 11 &#x201C;Construction Contracts&#x201D; IAS 18
 &#x201C;Revenue&#x201D; and several interpretations. Amendments to
 IFRS 15 were issued in April 2016. IFRS 15 as amended is effective
 for annual periods beginning on or after January&#xA0;1, 2018. The
 Company will adopt IFRS 15 effective January&#xA0;1, 2018, using
 the modified retrospective method with no restatement of
 comparative information.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">IFRS 15 clarifies revenue
 recognition principles, provides a robust framework for recognizing
 revenue and cash flows arising from contracts with customers and
 enhances qualitative and quantitative disclosure requirements. IFRS
 15 does not apply to insurance contracts, financial instruments and
 lease contracts.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The Company&#x2019;s service
 arrangements are generally satisfied over time, with revenue
 measured and collected from customers within a short term, as
 services are rendered.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Adoption of IFRS 15 is not
 expected to have a significant impact on the Company&#x2019;s
 Consolidated Financial Statements.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(II) IFRS
 Interpretation Committee (&#x201C;IFRIC&#x201D;) Interpretation 22
 &#x201C;Foreign Currency Transactions and Advance
 Consideration&#x201D;</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">IFRIC 22 &#x201C;Foreign Currency
 Transactions and Advance Consideration&#x201D; was issued in
 December 2016 and is effective for annual periods beginning on or
 after January&#xA0;1, 2018 and may be applied retrospectively or
 prospectively. IFRIC 22 addresses which foreign exchange rate to
 use to measure a foreign currency transaction when advance payments
 are made or received and <font style="WHITE-SPACE: nowrap">non-monetary</font> assets or liabilities are
 recognized prior to recognition of the underlying transaction.
 IFRIC 22 does not relate to goods or services accounted for at fair
 value or at the fair value of consideration paid or received at a
 date other than the date of initial recognition of the <font style="WHITE-SPACE: nowrap">non-monetary</font> asset or liability, or to
 income taxes, insurance contracts or reinsurance contracts. The
 foreign exchange rate on the day of the advance payment is used to
 measure the foreign currency transaction. If multiple advance
 payments are made or received, each payment is measured separately.
 The Company is assessing the impact of this standard. Adoption of
 IFRIC 22 is not expected to have a significant impact on the
 Company&#x2019;s Consolidated Financial Statements.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(III)
 Amendments to IFRS 2 &#x201C;Share-Based
 Payment&#x201D;</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Amendments to IFRS 2
 &#x201C;Share-Based Payment&#x201D; were issued in June 2016 and are
 effective for annual periods beginning on or after January&#xA0;1,
 2018, to be applied prospectively. The amendments clarify the
 effects of vesting and <font style="WHITE-SPACE: nowrap">non-vesting</font> conditions on the
 measurement of cash-settled share-based payments; provide guidance
 on the classification of share-based payment transactions with net
 settlement features for withholding tax obligations; and clarify
 accounting for modification to the terms and conditions of a
 share-based payment that changes the classification of the
 transaction from cash-settled to equity-settled. Adoption of these
 amendments is not expected to have a significant impact on the
 Company&#x2019;s Consolidated Financial Statements.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(IV) IFRS
 9 &#x201C;Financial Instruments&#x201D;</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">IFRS 9 &#x201C;Financial
 Instruments&#x201D; was issued in November 2009 and amended in
 October 2010, November 2013 and July 2014, and is effective for
 years beginning on or after January&#xA0;1, 2018, to be applied
 retrospectively, or on a modified retrospective basis.
 Additionally, the IASB issued amendments in October 2017 that are
 effective for annual periods beginning on or after
 January&#xA0;1,&#xA0;2019. The standard is intended to replace IAS
 39 &#x201C;Financial Instruments: Recognition and
 Measurement&#x201D;.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The project has been divided into
 three phases: classification and measurement, impairment of
 financial assets, and hedge accounting. IFRS 9&#x2019;s current
 classification and measurement methodology provides that financial
 assets are measured at either amortized cost or fair value on the
 basis of the entity&#x2019;s business model for managing the
 financial assets and the contractual cash flow characteristics of
 the financial assets. The classification and measurement for
 financial liabilities remains generally unchanged; however, for a
 financial liability designated as at fair value through profit or
 loss, revisions have been made in the accounting for changes in
 fair value attributable to changes in the credit risk of that
 liability. Gains or losses caused by changes in an entity&#x2019;s
 own credit risk on such liabilities are no longer recognized in
 profit or loss but instead are reflected in OCI.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Revisions to hedge accounting were
 issued in November 2013 as part of the overall IFRS 9 project. The
 amendment introduces a new hedge accounting model, together with
 corresponding disclosures about risk management activities for
 those applying hedge accounting. The new model represents a
 substantial overhaul of hedge accounting that will enable entities
 to better reflect their risk management activities in their
 financial statements.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Revisions issued in July 2014
 replace the existing incurred loss model used for measuring the
 allowance for credit losses with an expected credit loss model.
 Changes were also made to the existing classification and
 measurement model designed primarily to address specific
 application issues raised by early adopters of the standard. The
 revision also addresses the income statement accounting mismatches
 and short-term volatility issues which have been identified as a
 result of the insurance contracts project.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Revisions issued in October 2017
 allow financial assets to be measured at amortized cost or fair
 value through OCI even if the lender is required to pay a
 reasonable compensation in the event of an early termination of the
 contract by the borrower (also referred to as prepayment features
 with negative compensation).</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The Company expects to defer IFRS
 9 until January&#xA0;1, 2021 as allowed under the amendments to
 IFRS 4 &#x201C;Insurance Contracts&#x201D; outlined below. The
 Company is assessing the impact of this standard.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(V)
 Amendments to IFRS 4 &#x201C;Insurance
 Contracts&#x201D;</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Amendments to IFRS 4
 &#x201C;Insurance Contracts&#x201D; were issued in September 2016,
 which are effective for annual periods beginning on or after
 January&#xA0;1, 2018. The amendments introduce two approaches to
 address concerns about the differing effective dates of IFRS 9
 &#x201C;Financial Instruments&#x201D; and IFRS 17 &#x201C;Insurance
 Contracts&#x201D;: the overlay approach and the deferral approach.
 The overlay approach provides an option for all issuers of
 insurance contracts to adjust profit or loss for eligible financial
 assets by removing any additional accounting volatility that may
 arise from applying IFRS 9 before IFRS 17 is implemented. The
 deferral approach provides companies whose activities are
 predominantly related to insurance an optional temporary exemption
 from applying IFRS 9 until January&#xA0;1, 2021. The Company
 qualifies for the exemption and intends to defer IFRS 9 until
 January&#xA0;1, 2021.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(VI) IFRS
 17 &#x201C;Insurance Contracts&#x201D;</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">IFRS 17 was issued in May 2017 and
 is effective for years beginning on January&#xA0;1, 2021, and to be
 applied retrospectively. If full retrospective application to a
 group of contracts is impractical, the modified retrospective or
 fair value methods may be used. The standard will replace IFRS 4
 &#x201C;Insurance Contracts&#x201D; and will materially change the
 recognition and measurement of insurance contracts and the
 corresponding presentation and disclosures in the Company&#x2019;s
 Financial Statements and MD&amp;A. The Company is assessing the
 implications of this standard and expects that it will have a
 significant impact on the Company&#x2019;s Consolidated Financial
 Statements. In addition, in certain jurisdictions, including
 Canada, it could have a material effect on tax and regulatory
 capital positions that are dependent upon IFRS accounting
 values.</font></p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">For life insurance companies, such
 as Manulife, that have long-duration products and/or regulatory and
 tax regimes dependent upon IFRS accounting values, the Company
 believes that an effective date of January&#xA0;1, 2021 is
 aggressive. Therefore, while the Company&#x2019;s implementation
 project is well underway, the Company and others in the life
 insurance industry are encouraging the IASB to defer the effective
 date.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(VII)
 IFRS 16 &#x201C;Leases&#x201D;</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">IFRS 16 &#x201C;Leases&#x201D; was
 issued in January 2016 and is effective for years beginning on or
 after January&#xA0;1, 2019, to be applied retrospectively or on a
 modified retrospective basis. It will replace IAS 17
 &#x201C;Leases&#x201D; and IFRIC 4 &#x201C;Determining whether an
 arrangement contains a lease&#x201D;. IFRS 16 sets out the
 principles for the recognition, measurement, presentation and
 disclosure of leases for both parties to a contract, the customer
 (&#x201C;lessee&#x201D;) and the supplier (&#x201C;lessor&#x201D;). The
 standard brings most leases <font style="WHITE-SPACE: nowrap">on-balance</font> sheet for lessees under a
 single model, eliminating the previous classifications of operating
 and finance leases. Exemptions to this treatment are for lease
 contracts with low value assets or leases with duration of less
 than one year. The <font style="WHITE-SPACE: nowrap">on-balance</font> sheet treatment will result
 in the grossing up of the balance sheet due to <font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">right-of-use</font></font> assets being
 recognized with offsetting liabilities. Lessor accounting will
 remain largely unchanged with previous classifications of operating
 and finance leases being maintained. The Company is assessing the
 impact of this standard.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(VIII)
 IFRS Interpretation Committee (&#x201C;IFRIC&#x201D;) Interpretation
 23 &#x201C;Uncertainty over Income Tax
 Treatments&#x201D;</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">IFRIC 23 &#x201C;Uncertainty over
 Income Tax Treatments&#x201D; was issued in June 2017 and is
 effective for years beginning on or after
 January&#xA0;1,&#xA0;2019, to be applied retrospectively. IFRIC 23
 provides guidance on applying the recognition and measurement
 requirements in IAS 12 when there is uncertainty over income tax
 treatments including whether uncertain tax treatments should be
 considered together or separately based on which approach better
 predicts resolution of the uncertainty. Adoption of IFRIC 23 is not
 expected to have a significant impact on the Company&#x2019;s
 Consolidated Financial Statements.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(IX)
 Amendments to IAS 28 &#x201C;Investments in Associates and Joint
 Ventures&#x201D;</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Amendments to IAS 28
 &#x201C;Investments in Associates and Joint Ventures&#x201D; were
 issued in October 2017 and are effective for annual periods
 beginning on or after January&#xA0;1, 2019, to be applied
 retrospectively. The amendments clarify that an entity applies IFRS
 9 &#x201C;Financial Instruments&#x201D; to financial interests in an
 associate or joint venture to which the equity method is not
 applied. IAS 39 is being applied to these interests until IFRS 9 is
 adopted in 2021. Adoption of these amendments is not expected to
 have a significant impact on the Company&#x2019;s Consolidated
 Financial Statements.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(X)
 Annual Improvements 2015 &#x2013; 2017 Cycle</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Annual Improvements
 2015&#xA0;&#x2013;&#xA0;2017 Cycle was issued in December 2017 and
 is effective for years beginning on or after
 January&#xA0;1,&#xA0;2019. The IASB issued three minor amendments
 to different standards as part of the Annual Improvements process,
 with the amendments to be applied prospectively. Adoption of these
 amendments is not expected to have significant impact on the
 Company&#x2019;s Consolidated Financial Statements.</font></p>
 </div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for derivative financial instruments and hedging. [Refer: Financial instruments, class [member]; Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for employee benefits. Employee benefits are all forms of consideration given by an entity in exchange for services rendered by employees or for the termination of employment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for fair value measurement. [Refer: At fair value [member]]</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for financial instruments. [Refer: Financial instruments, class [member]]</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for foreign currency translation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for hedging.</p></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for income tax.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForInsuranceContracts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for insurance contracts and related assets, liabilities, income and expense. [Refer: Types of insurance contracts [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_37_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForInsuranceContracts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for intangible assets and goodwill. [Refer: Intangible assets and goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForReinsuranceExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for reinsurance.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForReinsuranceExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for transactions in which the entity: (a) receives goods or services from the supplier of those goods or services (including an employee) in a share-based payment arrangement; or (b) incurs an obligation to settle the transaction with the supplier in a share-based payment arrangement when another group entity receives those goods or services. [Refer: Share-based payment arrangements [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 117<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_117_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_AlternativeLongdurationAssetPerformanceRiskSensitivitiesAndExposureMeasuresExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of accounting policy for alternative long-duration asset performance risk sensitivities and exposure measures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_AlternativeLongdurationAssetPerformanceRiskSensitivitiesAndExposureMeasuresExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DescriptionOfAccountingPolicyForAssetLiabilityManagementStrategyExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of accounting policy for asset liability management strategy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DescriptionOfAccountingPolicyForAssetLiabilityManagementStrategyExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DescriptionOfAccountingPolicyForBasisOfConsolidationExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of the entity's accounting policy for basis of consolidation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DescriptionOfAccountingPolicyForBasisOfConsolidationExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DescriptionOfAccountingPolicyForBasisOfPreparationExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of accounting policy for basis of preparation explanatory.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DescriptionOfAccountingPolicyForBasisOfPreparationExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DescriptionOfAccountingPolicyForCautionRelatedToSensitivitiesExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of accounting policy for caution related to sensitivities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DescriptionOfAccountingPolicyForCautionRelatedToSensitivitiesExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DescriptionOfAccountingPolicyForChangeInAccountingPolicyExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of entity's accounting policy for change in accounting policy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DescriptionOfAccountingPolicyForChangeInAccountingPolicyExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DescriptionOfAccountingPolicyForForeignExchangeRiskManagementStrategyExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of accounting policy for foreign exchange risk management strategy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DescriptionOfAccountingPolicyForForeignExchangeRiskManagementStrategyExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DescriptionOfAccountingPolicyForFutureAccountingAndReportingChangesExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of accounting policy for future accounting and reporting changes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DescriptionOfAccountingPolicyForFutureAccountingAndReportingChangesExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DescriptionOfAccountingPolicyForInterestRateAndSpreadRiskSensitivitiesAndExposureMeasuresExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of accounting policy for interest rate and spread risk sensitivities and exposure measures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DescriptionOfAccountingPolicyForInterestRateAndSpreadRiskSensitivitiesAndExposureMeasuresExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DescriptionOfAccountingPolicyForInvestedAssetsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of accounting policy for invested assets explanatory.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DescriptionOfAccountingPolicyForInvestedAssetsExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of accounting policy for investment categories for variable contracts with guarantees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description Of Accounting Policy For Liquidity Risk Management Strategy Explanatory</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DescriptionOfAccountingPolicyForLiquidityRiskManagementStrategyExplanatory</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of accounting policy for macro equity risk hedging strategy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DescriptionOfAccountingPolicyForMacroEquityRiskHedgingStrategyExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of accounting policy for market risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DescriptionOfAccountingPolicyForMarketRiskExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of accounting policy for market risk sensitivities and market risk exposure measures</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DescriptionOfAccountingPolicyForMarketRiskSensitivitiesAndMarketRiskExposureMeasuresExplanatory</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of accounting policy for miscellaneous assets explanatory.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DescriptionOfAccountingPolicyForMiscellaneousAssetsExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of accounting policy for premium income and related expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DescriptionOfAccountingPolicyForPremiumIncomeAndRelatedExpensesExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DescriptionOfAccountingPolicyForProductDesignAndPricingStrategyExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of accounting policy for product design and pricing strategy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DescriptionOfAccountingPolicyForProductDesignAndPricingStrategyExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description Of Accounting Policy For Publicly Traded Equity Performance Risk Sensitivities And Exposure Measures Explanatory</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DescriptionOfAccountingPolicyForPubliclyTradedEquityPerformanceRiskSensitivitiesAndExposureMeasuresExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DescriptionOfAccountingPolicyForReportingEntityExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of accounting policy for reporting entity explanatory.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DescriptionOfAccountingPolicyForReportingEntityExplanatory</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of accounting policy for segregated funds explanatory.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DescriptionOfAccountingPolicyForSegregatedFundsExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of accounting policy for variable annuity dynamic hedging strategy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DescriptionOfAccountingPolicyForVariableAnnuityDynamicHedgingStrategyExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Entire disclosure of risk management.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Text block1 [abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6892631696">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Invested Assets and Investment Income (Tables)<br></strong></div></th>
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 <font color="#1F320C"><b>(a) Carrying values and fair values of
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="56%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 FVTPL<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">AFS<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Other<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Total&#xA0;carrying<br />
 value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Total
 fair<br />
 value<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(9)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Cash and short-term securities<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>439</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>11,429</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,097</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>15,965</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>15,965</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Debt securities<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(5)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Canadian government and agency</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>17,886</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,892</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>22,778</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>22,778</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 U.S. government and agency</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,497</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>13,472</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>25,969</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>25,969</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other government and agency</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16,838</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,988</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>19,826</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>19,826</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Corporate</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>96,785</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,366</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>102,151</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>102,151</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Mortgage/asset-backed securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,018</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>258</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,276</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,276</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Public equities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>18,473</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,072</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>21,545</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>21,545</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Mortgages</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>44,742</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>44,742</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>46,065</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Private placements</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>32,132</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>32,132</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>34,581</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Policy loans</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,808</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,808</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,808</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Loans to Bank clients</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,737</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,737</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,742</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Real estate</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Own use property<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(6)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,281</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,281</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,448</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Investment property</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,529</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,529</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,529</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other invested assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Alternative long-duration assets<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(7)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,018</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>88</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>8,624</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>20,730</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>21,053</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Various other<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">&#xA0;(8)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>142</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,611</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,753</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,752</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total invested assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;178,096</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;41,565</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;114,561</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;334,222</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;339,488</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">FVTPL<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">AFS<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">Other<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;<br /></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">Total&#xA0;carrying<br />
 value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;<br />
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;<br /></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">Total fair<br />
 value<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(9)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;<br />
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Cash and short-term securities<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">269</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">11,705</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">3,177</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">15,151</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">15,151</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Debt securities<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Canadian government and agency</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18,030</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,715</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">24,745</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">24,745</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 U.S. government and agency</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,971</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,333</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">27,304</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">27,304</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other government and agency</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18,629</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,312</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">20,941</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">20,941</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Corporate</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">87,374</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,041</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">92,415</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">92,415</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Mortgage/asset-backed securities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,886</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">331</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,217</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,217</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Public equities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">16,531</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,965</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">19,496</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">19,496</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Mortgages</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">44,193</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">44,193</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">45,665</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Private placements</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">29,729</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">29,729</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">31,459</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Policy loans</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,041</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,041</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,041</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Loans to Bank clients</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,745</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,745</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,746</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Real estate</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Own use property<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(6)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,376</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,376</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,524</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Investment property</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12,756</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12,756</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12,756</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other invested assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Alternative long-duration assets<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(7)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10,707</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">96</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">8,048</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18,851</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">19,193</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Various other<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">&#xA0;(8)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">164</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">3,745</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">3,909</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">3,910</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total invested assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">168,561</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">42,498</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">110,810</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">321,869</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">326,563</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">The FVTPL classification was elected
 for securities backing insurance contract liabilities to
 substantially reduce any accounting mismatch arising from changes
 in the fair value of these assets and changes in the value of the
 related insurance contract liabilities. If this election had not
 been made and instead the&#xA0;<font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">available-for-sale</font></font>&#xA0;(&#x201C;AFS&#x201D;)
 classification was selected, there would be an accounting mismatch
 because changes in insurance contract liabilities are recognized in
 net income rather than in OCI.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">Securities that are designated as AFS
 are not actively traded by the Company but sales do occur as
 circumstances warrant. Such sales result in a reclassification of
 any accumulated unrealized gain (loss) in AOCI to net income as a
 realized gain (loss).</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">Primarily includes assets classified
 as loans and carried at amortized cost, own use properties,
 investment properties, equity method accounted investments, oil and
 gas investments, and leveraged leases. Refer to note 1(e) for
 further details regarding accounting policy.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(4)</sup></td>
 <td valign="top" align="left">Includes short-term securities with
 maturities of less than one year at acquisition amounting to $2,737
 (2016 &#x2013; $3,111), cash equivalents with maturities of less
 than 90 days at acquisition amounting to $9,131 (2016 &#x2013;
 $8,863) and cash of $4,097 (2016 &#x2013; $3,177).</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(5)</sup></td>
 <td valign="top" align="left">Debt securities include securities
 which were acquired with maturities of less than one year and less
 than 90 days of $1,768 and $161, respectively (2016 &#x2013; $893
 and $192, respectively).</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(6)</sup></td>
 <td valign="top" align="left">Includes accumulated depreciation of
 $389 (2016 &#x2013; $404).</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(7)</sup></td>
 <td valign="top" align="left">Alternative long-duration assets
 (&#x201C;ALDA&#x201D;) include investments in private equity of
 $4,959, power and infrastructure of $7,355, oil and gas of $2,813,
 timber and agriculture of $5,033 and various other invested assets
 of $570 (2016 &#x2013; $4,619, $6,679, $2,093, $4,972 and $488,
 respectively).</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(8)</sup></td>
 <td valign="top" align="left">Includes $3,273 (2016 &#x2013; $3,369)
 of leveraged leases. Refer to note 1(e) regarding accounting
 policy.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(9)</sup></td>
 <td valign="top" align="left">The methodologies used in determining
 fair values of invested assets are described in note 1 and note
 4(g).</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfOtherInvestedAssetsIncludeInvestmentsInAssociatesAndJointVenturesAccountedUsingEquityMethodExplanatory', window );">Schedule of Other Invested Assets Include Investments in Associates and Joint Ventures Accounted Using Equity Method</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Other invested assets include
 investments in associates and joint ventures which are accounted
 for using the equity method of accounting as follows.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="66%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="8"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="8"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6" align="center">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Carrying<br />
 value</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">% of total</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Carrying<br />
 value</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">% of total</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Leveraged leases</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;3,273</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>56</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;3,369</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">58</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Timber and agriculture</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>451</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>8</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">430</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">8</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Real estate</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>498</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>9</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">419</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">7</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,535</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>27</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">1,562</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">27</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>5,757</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>100</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">5,780</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">100</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeExplanatory', window );">Schedule of Investment Income</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(c)
 Investment income</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="58%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">FVTPL</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">AFS</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Other<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Total</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 Yields<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Cash and short-term securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>0.9%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>7</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>153</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>160</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains (losses)<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>22</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(47</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(25</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Debt securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5.4%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;5,102</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>577</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,679</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains (losses)<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,690</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(205</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,485</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Recovery (impairment loss), net</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>16</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>15</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Public equities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16.6%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Dividend income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>524</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>79</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>603</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,372</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>226</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,598</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impairment loss</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(14</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(14</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Mortgages</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3.9%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,685</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,685</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>69</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>69</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Provision, net</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(32</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(32</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Private placements</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5.3%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,553</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,553</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>43</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>43</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impairment loss, net</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>10</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>10</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Policy loans</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>365</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>365</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6.1%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Loans to Bank clients</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4.0%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>68</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>68</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Real estate</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6.2%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Rental income, net of depreciation<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>517</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>517</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>341</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>341</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impairment loss</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(4</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(4</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Derivatives</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>n/a</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income, net</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>809</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>84</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>893</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains (losses)<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,029</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>84</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(945</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other invested assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>10.3%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>174</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>174</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Oil and gas, timber, agriculture and other income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,690</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,690</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains (losses)<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>441</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(7</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>50</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>484</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impairment loss, net</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(45</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(45</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total investment income</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;11,954</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>761</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6,652</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>19,367</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6.0%</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Investment income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,918</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>730</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,929</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>10,577</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3.3%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Dividend, rental and other income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>524</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>79</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,207</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,810</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>0.9%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impairments, provisions and recoveries, net</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>16</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(15</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(71</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(70</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>0.0%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>460</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(51</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(77</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>332</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>0.1%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6,918</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>743</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>5,988</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>13,649</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Realized and unrealized gains (losses) on assets supporting
 insurance and investment contract liabilities and on macro equity
 hedges</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Debt securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,694</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(8</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,686</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1.1%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Public equities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,200</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>35</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,235</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>0.7%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Mortgages</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>69</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>69</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>0.0%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Private placements</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>40</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>40</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>0.0%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Real estate</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>350</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>350</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>0.1%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other invested assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>329</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(9</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>121</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>441</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>0.1%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Derivatives, including macro equity hedging program</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,187</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>84</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,103</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(0.3%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>5,036</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>18</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>664</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>5,718</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total investment income</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>11,954</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;761</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;6,652</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;19,367</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6.0%</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 12px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="57%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">FVTPL</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">AFS</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Other<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Total</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Yields<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Cash and short-term securities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">0.7%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">7</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">117</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">124</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains (losses)<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(18</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Debt securities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.7%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,051</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">588</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,639</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,658</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">548</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,206</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Recovery (impairment loss), net</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(18</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(18</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Public equities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10.6%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Dividend income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">534</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">58</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">592</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,008</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">201</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,209</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impairment loss</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(48</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(48</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Mortgages</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.1%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,667</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,667</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains (losses)<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">81</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">81</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Provision, net</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(7</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(7</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Private placements</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5.4%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,494</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,494</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">17</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">17</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impairment loss, net</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(50</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(50</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Policy loans</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">358</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">358</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6.1%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Loans to Bank clients</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3.9%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">68</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">68</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Real estate</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.9%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Rental income, net of depreciation<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">523</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">523</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">160</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">160</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Derivatives</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">n/a</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income, net</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,115</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(33</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,082</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Losses<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2,597</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2,597</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other invested assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10.3%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">103</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">103</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Oil and gas, timber, agriculture and other income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,162</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,162</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Gains<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">634</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">207</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">842</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impairment loss, net</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(83</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(83</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total investment income</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">7,410</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">1,447</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">5,667</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">14,524</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">4.7%</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Investment income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">6,173</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">703</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">3,657</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">10,533</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3.4%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Dividend, rental and other income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">534</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">58</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,685</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,277</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">0.7%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impairments and provisions</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(18</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(48</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(140</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(206</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(0.1%</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(6</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">707</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">85</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">786</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">0.2%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">6,683</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">1,420</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">5,287</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">13,390</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Realized and unrealized gains (losses) on assets supporting
 insurance and investment contract liabilities and on macro equity
 hedges</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Debt securities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,657</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,662</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">0.5%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Public equities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">963</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">22</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">985</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">0.3%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Mortgages</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">80</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">80</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">0.0%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Private placements</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">0.0%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Real estate</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">128</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">128</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">0.0%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other invested assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">688</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">160</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">848</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">0.3%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Derivatives, including macro equity hedging program</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(2,581</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(2,581</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(0.8%</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">727</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">27</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">380</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">1,134</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total investment income</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">7,410</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">1,447</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">5,667</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">14,524</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">4.7%</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Primarily includes loans carried at
 amortized cost, own use properties, investment properties,
 derivative and hedging instruments in cash flow hedging
 relationships, equity method accounted investments, oil and gas
 investments, and leveraged leases.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">Yields are based on income and are
 calculated using the geometric average of the carrying value of
 assets held during the reporting year.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">Includes net realized gains (losses)
 as well as net unrealized gains (losses) for financial instruments
 at FVTPL, real estate investment properties, and other invested
 assets measured at fair value. Also includes net realized gains
 (losses) for financial instruments at AFS and other invested assets
 carried at amortized cost.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></td>
 <td valign="top" align="left">Rental income from investment
 properties is net of direct operating expenses.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentExpensesExplanatory', window );">Summary of Total Investment Expenses</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The following table presents the
 Company&#x2019;s total investment expenses.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="83%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Related to invested assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>625</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">581</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Related to segregated, mutual and other funds</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,048</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">1,065</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total investment expenses</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;1,673</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;&#xA0;1,646</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutInvestmentPropertyExplanatory', window );">Summary of Rental Income and Direct Operating Expenses of Investment Properties</a></td>
<td class="text"><div>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The following table presents rental
 income and direct operating expenses of investment
 properties.</font></p>
 <p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center">
 <tr>
 <td width="83%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="font-size:1pt">
 <td height="5"></td>
 <td height="5" colspan="4" bgcolor="#DDE0DA"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>2017</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">2016</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Rental income from investment properties</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>&#xA0;&#xA0;1,120</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;&#xA0;1,204</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Direct operating expenses of investment properties that generated
 rental income</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(694</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">(764</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Total</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>426</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">440</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingAmountOfSecuritizedAssetsExplanatory', window );">Summary of Carrying Amount of Securitized Assets and Secured Borrowing Liabilities</a></td>
<td class="text"><div>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The following table presents the
 carrying amount of securitized assets and secured borrowing
 liabilities.</font></p>
 <p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center">
 <tr>
 <td width="56%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td valign="bottom" width="8%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom"><font color="#1F320C"><b>As at
 December&#xA0;31, 2017</b></font></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="10" align="center" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">Securitized
 assets</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td colspan="2" valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 Securitization program</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" nowrap="nowrap" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 Securitized<br />
 mortgages</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" nowrap="nowrap" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 Restricted cash and<br />
 short-term securities</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" nowrap="nowrap" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 Total</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">Secured
 borrowing<br />
 liabilities<sup style="font-size:85%; vertical-align:top">(2)</sup></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 HELOC securitization<sup style="font-size:85%; vertical-align:top">(1)</sup></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>2,024</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>8</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>2,032</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>2,000</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 CMB securitization</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>1,480</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right">
 <b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>1,480</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>1,523</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Total</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>3,504</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>8</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>3,512</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>3,523</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="font-size:1pt">
 <td height="16"></td>
 <td height="16" colspan="12"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" nowrap="nowrap"><font color="#1F320C"><b>As at
 December&#xA0;31, 2016</b></font></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="10" align="center" style="BORDER-BOTTOM:1px solid #1f320c">Securitized assets</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td colspan="2" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 Securitization program</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" nowrap="nowrap" align="right" style="BORDER-BOTTOM:1px solid #1f320c">Securitized<br />
 mortgages</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" nowrap="nowrap" align="right" style="BORDER-BOTTOM:1px solid #1f320c">Restricted cash and<br />
 short-term securities</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" nowrap="nowrap" align="right" style="BORDER-BOTTOM:1px solid #1f320c">Total</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">Secured borrowing<br />
 liabilities<sup style="font-size:85%; vertical-align:top">(2)</sup></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 HELOC securitization<sup style="font-size:85%; vertical-align:top">(1)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;1,762</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;8</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;1,770</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;1,750</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 CMB securitization</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">1,018</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">1,018</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">1,032</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Total</b></p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">2,780</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">8</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">2,788</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">2,782</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 </tr>
 </table>
 <p style="font-size:2pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%">
 <tr style="page-break-inside:avoid">
 <td width="1%" valign="top" align="left"><sup style="font-size:85%; vertical-align:top">(1)</sup></td>
 <td align="left" valign="top">Manulife Bank, a MFC subsidiary,
 securitizes a portion of its HELOC receivables through Platinum
 Canadian Mortgage Trust (&#x201C;PCMT&#x201D;), and Platinum Canadian
 Mortgage Trust II (&#x201C;PCMT II&#x201D;). PCMT funds the purchase
 of the <font style="white-space:nowrap">co-ownership</font>
 interests from Manulife Bank by issuing term notes collateralized
 by an underlying pool of CMHC insured HELOCs to institutional
 investors. PCMT II funds the purchase of the <font style="white-space:nowrap">co-ownership</font> interests from Manulife
 Bank by issuing term notes collateralized by an underlying pool of
 uninsured HELOCs to institutional investors. The restricted cash
 balance for the HELOC securitization reflects a cash reserve fund
 established in relation to the transactions. The reserve will be
 drawn upon only in the event of insufficient cash flows from the
 underlying HELOCs to satisfy the secured borrowing liability.</td>
 </tr>
 </table>
 <table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%">
 <tr style="page-break-inside:avoid">
 <td width="1%" valign="top" align="left"><sup style="font-size:85%; vertical-align:top">(2)</sup></td>
 <td align="left" valign="top">Secured borrowing liabilities
 primarily comprise of Series <font style="white-space:nowrap">2011-1</font> notes with a floating rate which
 are expected to mature on December&#xA0;15, 2021, and the Series
 <font style="white-space:nowrap">2016-1</font> notes with a
 floating rate which are expected to mature on May&#xA0;15, 2022.
 Manulife Bank also securitizes insured amortizing mortgages under
 the National Housing Act Mortgage-Backed Securities (&#x201C;NHA
 MBS&#x201D;) program sponsored by CMHC. Manulife Bank participates
 in CMB programs by selling NHA MBS securities to Canada Housing
 Trust (&#x201C;CHT&#x201D;), as a source of fixed rate funding.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestedAssetsAndSegregatedFundsNetAssetsMeasuredAtFairValueExplanatory', window );">Summary of Invested Assets and Segregated Funds Net Assets, Measured at Fair Value</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The following table presents fair
 values and the fair value hierarchy of invested assets and
 segregated funds net assets measured at fair value in the
 Consolidated Statements of Financial Position.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="61%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Total fair<br />
 value</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Level&#xA0;1</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Level&#xA0;2</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Level&#xA0;3</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Cash and short-term securities</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 FVTPL</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>439</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>439</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 AFS</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>11,429</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>11,429</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,097</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,097</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Debt securities</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2.25em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 <b>FVTPL</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Canadian government and agency</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>17,886</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>17,886</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 U.S. government and agency</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,497</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,497</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other government and agency</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16,838</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16,599</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>239</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Corporate</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>96,785</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>96,073</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>710</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Residential mortgage/asset-backed securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>8</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>7</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Commercial mortgage/asset-backed securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,099</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,099</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other securitized assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,911</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,886</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>25</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2.25em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 <b>AFS</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Canadian government and agency</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,892</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,892</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 U.S. government and agency</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>13,472</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>13,472</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other government and agency</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,988</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,941</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>47</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Corporate</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,366</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,278</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>88</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Residential mortgage/asset-backed securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>37</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>37</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Commercial mortgage/asset-backed securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>138</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>138</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other securitized assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>83</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>82</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Public equities</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 FVTPL</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>18,473</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>18,470</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 AFS</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,072</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,069</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Real estate&#xA0;&#x2013;&#xA0;investment property<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,529</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,529</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Other invested assets<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16,203</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16,203</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Segregated funds net assets<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>324,307</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>286,490</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>33,562</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,255</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;564,549</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;312,128</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;218,320</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;34,101</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Total fair<br />
 value</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Level&#xA0;1</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Level&#xA0;2</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Level&#xA0;3</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Cash and short-term securities</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 FVTPL</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">269</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">269</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 AFS</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">11,705</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">11,705</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,177</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,177</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Debt securities</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2.25em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 <b>FVTPL</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Canadian government and agency</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18,030</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18,030</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 U.S. government and agency</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,971</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,971</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other government and agency</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18,629</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18,357</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">272</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Corporate</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">87,374</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">86,721</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">651</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Residential mortgage/asset-backed securities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">8</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Commercial mortgage/asset-backed securities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">680</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">674</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other securitized assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,196</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,161</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">35</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2.25em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 <b>AFS</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Canadian government and agency</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,715</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,715</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 U.S. government and agency</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,333</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,333</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other government and agency</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,312</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,261</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">51</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Corporate</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,041</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,967</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">74</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Residential mortgage/asset-backed securities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">65</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">64</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Commercial mortgage/asset-backed securities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">123</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">121</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other securitized assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">143</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">141</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Public equities</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 FVTPL</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">16,531</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">16,524</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">7</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 AFS</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,965</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,963</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Real estate&#xA0;&#x2013;&#xA0;investment property</b><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12,756</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12,756</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Other invested assets</b><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">14,849</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">14,849</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Segregated funds net assets</b><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">315,177</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">278,066</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">32,537</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">4,574</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">546,051</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">300,732</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">212,037</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">33,282</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">For investment properties, the
 significant unobservable inputs are capitalization rates (ranging
 from 3.50% to 9.00% during the year and ranging from 3.75% to 9.75%
 during the year 2016) and terminal capitalization rates (ranging
 from 4.0% to 9.25% during the year and ranging from 4.1% to 10.0%
 during the year 2016). Holding other factors constant, a lower
 capitalization or terminal capitalization rate will tend to
 increase the fair value of an investment property. Changes in fair
 value based on variations in unobservable inputs generally cannot
 be extrapolated because the relationship between the directional
 changes of each input is not usually linear.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">Other invested assets measured at
 fair value are held primarily in power and infrastructure and
 timber sectors. The significant inputs used in the valuation of the
 Company&#x2019;s power and infrastructure investments are primarily
 future distributable cash flows, terminal values and discount
 rates. Holding other factors constant, an increase to future
 distributable cash flows or terminal values would tend to increase
 the fair value of a power and infrastructure investment, while an
 increase in the discount rate would have the opposite effect.
 Discount rates during the year ranged from 9.20% to 16.5% (2016
 &#x2013; ranged from 9.63% to 16.0%). Disclosure of distributable
 cash flow and terminal value ranges are not meaningful given the
 disparity in estimates by project. The significant inputs used in
 the valuation of the Company&#x2019;s investments in timberland are
 timber prices and discount rates. Holding other factors constant,
 an increase to timber prices would tend to increase the fair value
 of a timberland investment, while an increase in the discount rates
 would have the opposite effect. Discount rates during the year
 ranged from 5.0% to 7.5% (2016 &#x2013; ranged from 5.0% to 7.5%). A
 range of prices for timber is not meaningful as the market price
 depends on factors such as property location and proximity to
 markets and export yards.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">Segregated funds net assets are
 measured at fair value. The Company&#x2019;s Level&#xA0;3 segregated
 funds assets are predominantly invested in timberland properties
 valued as described above.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfSummarizedInvestedAssetsNotMeasuredAtFairValueExplanatory', window );">Summary of Fair Values Categorized by the Fair Value Hierarchy</a></td>
<td class="text"><div>
 <p style="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">For invested assets not measured at
 fair value in the Consolidated Statements of Financial Position,
 the following table presents their fair values categorized by the
 fair value hierarchy.</font></p>
 <p style="font-size:8pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center">
 <tr>
 <td width="59%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">Carrying<br />
 value</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">Fair value</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 Level&#xA0;1</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 Level&#xA0;2</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 Level&#xA0;3</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Mortgages<sup style="font-size:85%; vertical-align:top">(1)</sup></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>44,742</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>46,065</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>46,065</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Private placements<sup style="font-size:85%; vertical-align:top">(2)</sup></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>32,132</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>34,581</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>28,514</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>6,067</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Policy loans<sup style="font-size:85%; vertical-align:top">(3)</sup></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>5,808</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>5,808</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>5,808</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Loans to Bank clients<sup style="font-size:85%; vertical-align:top">(4)</sup></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>1,737</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>1,742</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>1,742</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Real estate&#xA0;&#x2013;&#xA0;own use property<sup style="font-size:85%; vertical-align:top">(5)</sup></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>1,281</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>2,448</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>2,448</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Other invested assets<sup style="font-size:85%; vertical-align:top">(6)</sup></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>8,280</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>8,602</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>88</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right">
 <b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>8,514</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Total invested assets disclosed at fair value</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;93,980</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;99,246</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>88</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;36,064</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;63,094</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="font-size:1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;<br /></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">Carrying<br />
 value</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;<br />
 &#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">Fair value</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">Level&#xA0;1</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">Level&#xA0;2</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">Level&#xA0;3</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Mortgages<sup style="font-size:85%; vertical-align:top">(1)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">44,193</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">45,665</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">$</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">$</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">45,665</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Private placements<sup style="font-size:85%; vertical-align:top">(2)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">29,729</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">31,459</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">26,073</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,386</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Policy loans<sup style="font-size:85%; vertical-align:top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,041</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,041</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,041</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Loans to Bank clients<sup style="font-size:85%; vertical-align:top">(4)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,745</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,746</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,746</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Real estate&#xA0;&#x2013;&#xA0;own use property<sup style="font-size:85%; vertical-align:top">(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,376</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,524</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,524</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Other invested assets<sup style="font-size:85%; vertical-align:top">(6)</sup></p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">7,911</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">8,254</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">54</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">8,200</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Total invested assets disclosed at fair value</b></p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">90,995</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">95,689</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">54</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">33,860</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">61,775</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 </tr>
 </table>
 <p style="font-size:2pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%">
 <tr style="page-break-inside:avoid">
 <td width="1%" valign="top" align="left"><sup style="font-size:85%; vertical-align:top">(1)</sup></td>
 <td align="left" valign="top">Fair value of commercial mortgages is
 determined through an internal valuation methodology using both
 observable and unobservable inputs. Unobservable inputs include
 credit assumptions and liquidity spread adjustments. Fair value of
 fixed-rate residential mortgages is determined using the discounted
 cash flow method. Inputs used for valuation are primarily comprised
 of prevailing interest rates and prepayment rates, if applicable.
 Fair value of variable-rate residential mortgages is assumed to be
 their carrying value.</td>
 </tr>
 </table>
 <table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%">
 <tr style="page-break-inside:avoid">
 <td width="1%" valign="top" align="left"><sup style="font-size:85%; vertical-align:top">(2)</sup></td>
 <td align="left" valign="top">Fair value of private placements is
 determined through an internal valuation methodology using both
 observable and unobservable inputs. Unobservable inputs include
 credit assumptions and liquidity spread adjustments. Private
 placements are classified within Level&#xA0;2 unless the liquidity
 adjustment constitutes a significant price impact, in which case
 the securities are classified as Level&#xA0;3.</td>
 </tr>
 </table>
 <table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%">
 <tr style="page-break-inside:avoid">
 <td width="1%" valign="top" align="left"><sup style="font-size:85%; vertical-align:top">(3)</sup></td>
 <td align="left" valign="top">Fair value of policy loans is equal
 to their unpaid principal balances.</td>
 </tr>
 </table>
 <table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%">
 <tr style="page-break-inside:avoid">
 <td width="1%" valign="top" align="left"><sup style="font-size:85%; vertical-align:top">(4)</sup></td>
 <td align="left" valign="top">Fair value of fixed-rate loans to
 Bank clients is determined using the discounted cash flow method.
 Inputs used for valuation are primarily comprised of current
 interest rates. Fair value of variable-rate loans is assumed to be
 their carrying value.</td>
 </tr>
 </table>
 <table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%">
 <tr style="page-break-inside:avoid">
 <td width="1%" valign="top" align="left"><sup style="font-size:85%; vertical-align:top">(5)</sup></td>
 <td align="left" valign="top">Fair value of own use real estate and
 the fair value hierarchy are determined in accordance with the
 methodologies described for real estate &#x2013; investment property
 in note&#xA0;1.</td>
 </tr>
 </table>
 <table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%">
 <tr style="page-break-inside:avoid">
 <td width="1%" valign="top" align="left"><sup style="font-size:85%; vertical-align:top">(6)</sup></td>
 <td align="left" valign="top">Primarily include leveraged leases,
 oil and gas properties and equity method accounted other invested
 assets. Fair value of leveraged leases is disclosed at their
 carrying values as fair value is not routinely calculated on these
 investments. Fair value for oil and gas properties is determined
 using external appraisals based on discounted cash flow
 methodology. Inputs used in valuation are primarily comprised of
 forecasted price curves, planned production, as well as capital
 expenditures, and operating costs. Fair value of equity method
 accounted other invested assets is determined using a variety of
 valuation techniques including discounted cash flows and market
 comparable approaches. Inputs vary based on the specific
 investment.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsExplanatory', window );">Summary of Invested Assets and Segregated Funds Net Assets Measured at Fair Value Using Significant Unobservable Inputs (Level 3)</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The following table presents a
 roll forward of invested assets and segregated funds net assets
 measured at fair value using significant unobservable inputs (Level
 3) for the years ended December&#xA0;31, 2017 and 2016.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="36%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended<br />
 December&#xA0;31, 2017</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Balance,<br />
 January&#xA0;1,<br />
 2017</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Net<br />
 realized/<br />
 unrealized<br />
 gains<br />
 (losses)<br />
 included<br />
 in net<br />
 income<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Net<br />
 realized/<br />
 unrealized<br />
 gains<br />
 (losses)<br />
 included<br />
 in AOCI<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 Purchases</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Sales<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Settlements</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Transfer</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">into</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Level&#xA0;3<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Transfer</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">out of</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Level&#xA0;3<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Currency<br />
 movement</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>Balance,<br />
 December&#xA0;31,<br />
 2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Change in<br />
 unrealized<br />
 gains<br />
 (losses) on<br />
 assets still<br />
 held</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Debt securities</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>FVTPL</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
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 <td bgcolor="#DDE0DA" valign="bottom"></td>
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 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other government&#xA0;&amp; agency</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>272</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#xA0;&#xA0;&#xA0;&#xA0;&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>26</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(58</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(6</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>8</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>239</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Corporate</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>651</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>19</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>105</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(34</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(29</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>24</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(21</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(5</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>710</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>10</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Residential mortgage/asset-backed securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Commercial mortgage/asset-backed securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>6</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(5</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other securitized assets</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>35</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(7</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>25</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>966</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>15</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>131</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(97</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(43</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>24</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(21</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>975</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>5</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>AFS</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other government&#xA0;&amp; agency</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>51</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>14</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(15</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>47</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Corporate</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>74</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>4</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>22</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(10</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(4</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>88</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Residential mortgage/asset-backed securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Commercial mortgage/asset-backed securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other securitized assets</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>130</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>36</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(26</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(8</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>136</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Public equities</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 FVTPL</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>7</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(4</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>7</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(4</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Real estate&#xA0;&#x2013; investment property</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,756</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>301</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,257</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,267</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(518</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,529</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>264</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Other invested assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>14,849</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>395</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,022</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(435</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(837</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(791</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>16,203</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>244</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>27,605</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>696</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,279</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,702</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(837</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,309</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>28,732</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>508</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Segregated funds net assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,574</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>60</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>261</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(248</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(54</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(184</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(154</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,255</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>45</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;33,282</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;770</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;4,707</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;(2,077</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;(942</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;25</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;(205</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;(1,460</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;34,101</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;558</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 6px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="42%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 </tr>
 <tr style="FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Balance,<br />
 January&#xA0;1,<br />
 2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Net<br />
 realized/<br />
 unrealized<br />
 gains<br />
 (losses)<br />
 included<br />
 in net<br />
 income<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Net<br />
 realized/<br />
 unrealized<br />
 gains<br />
 (losses)<br />
 included<br />
 in AOCI<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Purchases</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Sales<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Settlements</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Transfer</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">into</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Level&#xA0;3<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Transfer</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">out of</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Level&#xA0;3<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Currency<br />
 movement</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Balance,<br />
 December&#xA0;31,<br />
 2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Change in<br />
 unrealized<br />
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 (losses) on<br />
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Debt securities</b></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
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 <td valign="bottom">&#xA0;</td>
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>FVTPL</b></p>
 </td>
 <td valign="bottom">&#xA0;</td>
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 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other government&#xA0;&amp; agency</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">310</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td valign="bottom">$</td>
 <td valign="bottom" align="right">3</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td valign="bottom">$</td>
 <td valign="bottom" align="right">50</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td valign="bottom" align="right">(41</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
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 <td valign="bottom" align="right">(30</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
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 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(20</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">272</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">1</td>
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 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Corporate</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">903</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
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 <td valign="bottom" align="right">(29</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
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 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">83</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(84</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(134</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">58</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(124</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(22</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">651</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(4</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Residential mortgage/asset-backed securities</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">15</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(11</td>
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 <td valign="bottom" align="right">(1</td>
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 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td valign="bottom" align="right">(1</td>
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 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
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 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Commercial mortgage/asset-backed securities</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">70</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(56</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(4</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(4</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(3</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other securitized assets</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">48</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(1</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(7</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(4</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(1</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">35</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">1,346</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(26</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">133</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(193</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(176</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">58</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(128</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(48</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">966</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(5</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>AFS</b></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other government&#xA0;&amp; agency</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">42</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(6</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(3</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">51</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Corporate</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">90</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">29</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(32</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(3</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(5</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(3</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">74</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Residential mortgage/asset-backed securities</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">8</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(6</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Commercial mortgage/asset-backed securities</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other securitized assets</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">5</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">2</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(1</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(4</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">2</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">149</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(1</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">1</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">47</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(44</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(5</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(9</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(8</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">130</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Public equities</b></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
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 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
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 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">7</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">7</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
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 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">7</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">7</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
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 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Real estate&#xA0;&#x2013;investment property</b></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,968</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">163</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">681</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,782</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(274</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12,756</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">197</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Other invested assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">12,977</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">786</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">9</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">2,171</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(76</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(685</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(333</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">14,849</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">847</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">26,945</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">949</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">9</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">2,852</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(1,858</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(685</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(607</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">27,605</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">1,044</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Segregated funds net assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">4,656</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">92</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">356</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(312</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(19</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(12</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(105</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(82</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">4,574</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">93</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;33,096</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;1,014</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;10</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;3,395</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(2,407</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(885</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;46</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(242</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(745</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;33,282</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;1,132</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">These amounts, except for the amount
 related to segregated funds net assets, are included in net
 investment income on the Consolidated Statements of Income.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">These amounts are included in AOCI on
 the Consolidated Statements of Financial Position.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">Sales in 2017 include $619 of U.S.
 commercial real estate sold to the Hancock US Real Estate Fund,
 L.P., an associate of the Company which is a structured entity
 based on partnership voting rights. The Company provides management
 services to the fund and owns approximately 11.7% of its
 partnership interests. Also in 2017, sales include US$313 (2016
 &#x2013; $1,011) of U.S. commercial real estate sold to the Manulife
 US Real Estate Investment Trust in Singapore, an associate of the
 Company which is a structured entity based on unitholder voting
 rights. The Company provides management services to the trust and
 owns approximately 9.5% of its units.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></td>
 <td valign="top" align="left">For assets transferred into and out
 of Level&#xA0;3, the Company uses fair values of the assets at the
 beginning of the year.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDetailedInformationAboutInvestmentPropertyExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of detailed information about investment property. [Refer: Investment property]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 40<br> -IssueDate 2017-01-01<br> -Paragraph 32A<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=40&amp;date=2017-03-01&amp;anchor=para_32A&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutInvestmentPropertyExplanatory</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of the fair value measurement of assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFairValueMeasurementOfAssetsExplanatory</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of significant inputs for which market data are not available and that are developed using the best information available about the assumptions that market participants would use when measuring the fair value of assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsExplanatory</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfCarryingAmountOfSecuritizedAssetsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of carrying amount of securitized assets explanatory</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfCarryingAmountOfSecuritizedAssetsExplanatory</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of invested assets and segregated funds net assets, measured at fair value explanatory.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfInvestedAssetsAndSegregatedFundsNetAssetsMeasuredAtFairValueExplanatory</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfInvestmentExpensesExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of Investment Expenses Explanatory</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td><strong> Period Type:</strong></td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfInvestmentIncomeExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of investment income explanatory.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Derivative and Hedging Instruments (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The following table presents the
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 underlying risk exposure for derivatives in qualifying hedging and
 derivatives not designated in qualifying hedging
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
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 &#xA0;</td>
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 Notional<br />
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 Assets</td>
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 <td style="BORDER-TOP: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
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 <td style="BORDER-TOP: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
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 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
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 &#xA0;&#xA0;</td>
 <td style="BORDER-TOP: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-TOP: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-TOP: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-TOP: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-TOP: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-TOP: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-TOP: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-TOP: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-TOP: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-TOP: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-TOP: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Fair&#xA0;value&#xA0;hedges</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest rate swaps</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>548</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>20</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
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 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
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 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
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 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
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 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Foreign currency swaps</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>84</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>4</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">91</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
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 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Cash&#xA0;flow&#xA0;hedges</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Foreign currency swaps</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,757</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>20</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>333</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,285</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">447</td>
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 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Forward contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>165</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>4</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">255</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">23</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity contracts</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>125</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>16</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">126</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">21</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">1</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" colspan="3">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total derivatives in qualifying hedge accounting relationships</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,679</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>37</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>362</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">3,915</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">22</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">951</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top" colspan="3">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Derivatives not designated in qualifying hedge</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>accounting relationships</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest rate swaps</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>246,270</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,984</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,251</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">281,188</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">21,900</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10,878</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest rate futures</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>11,551</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">11,616</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest rate options</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>10,093</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>312</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">9,390</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">376</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Foreign currency swaps</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16,321</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>494</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,122</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12,226</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">347</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,645</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Currency rate futures</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,157</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,729</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Forward contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>20,341</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>915</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>65</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">15,411</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">340</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">644</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>13,597</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>813</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>22</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">14,989</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">669</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">33</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Credit default swaps</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>606</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>14</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">662</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity futures</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>12,158</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">16,072</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" colspan="3">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total derivatives not designated in qualifying hedge accounting
 relationships</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>334,094</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>15,532</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>7,460</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">366,283</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">23,650</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">13,200</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" colspan="3">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total derivatives</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;336,773</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;15,569</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;7,822</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">&#xA0;&#xA0;370,198</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">&#xA0;&#xA0;23,672</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">&#xA0;&#xA0;14,151</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfGrossNotionalAmountByRemainingTermToMaturityFairValueIncludingAccruedInterestCreditRiskEquivalentAndRiskWeightedAmountByContractTypeExplanatory', window );">Summary of Gross Notional Amount by Remaining Term to Maturity, Total Fair Value (Including Accrued Interest), Credit Risk Equivalent and Risk Weighted Amount by Contract Type</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents fair value of derivative instruments
 by remaining term to maturity. Fair values disclosed below do not
 incorporate the impact of master netting agreements. Refer to note
 10.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="59%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="14" align="center">Remaining
 term to maturity</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Less&#xA0;than</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">1 year</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">1 to 3</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">years</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">3 to 5</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">years</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Over 5</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">years</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Total&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Derivative assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>605</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>822</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>889</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>13,253</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>15,569&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Derivative liabilities</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>224</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>149</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>168</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>7,281</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,822&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="16"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="center"><font style="FONT-SIZE: 7pt">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="13" align="center"><font style="FONT-SIZE: 7pt">Remaining
 term to maturity</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font style="FONT-SIZE: 7pt">&#xA0;</font></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;<br />
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">Less&#xA0;than<br />
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">1 year</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;<br />
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1 to 3<br />
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">years</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;<br />
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">3 to 5<br />
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">years</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;<br />
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">Over 5<br />
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">years</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">Total&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Derivative assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;467</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;680</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;719</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;21,806</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">
 &#xA0;&#xA0;23,672&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Derivative liabilities</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">593</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">595</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">511</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">12,452</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">14,151&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6px; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents gross notional amount by remaining
 term to maturity, total fair value (including accrued interest),
 credit risk equivalent and risk-weighted amount by contract
 type.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="34%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="14" align="center">Remaining
 term to maturity (notional amounts)</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="14" align="center">Fair
 value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Under 1</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">year</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">1 to 5</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">years</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Over</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">5 years</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Positive</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Negative</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Net</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Credit&#xA0;risk</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">equivalent<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Risk-&#xA0;&#xA0;&#xA0;&#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">weighted&#xA0;&#xA0;&#xA0;&#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">amount<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup>&#xA0;&#xA0;&#xA0;&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest rate contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 OTC swap contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,161</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>19,141</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>112,412</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>138,714</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>13,379</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(6,867</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,512</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,588</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>809&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Cleared swap contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,615</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,928</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>93,561</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>108,104</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>245</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(206</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>39</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Forward contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,036</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>10,614</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>675</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>17,325</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>903</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(38</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>865</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>285</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>35&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Futures</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>11,551</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>11,551</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Options purchased</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>816</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,856</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>5,421</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>10,093</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>312</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>312</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>471</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>61&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Subtotal</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>27,179</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>46,539</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>212,069</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>285,787</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>14,839</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(7,111</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,728</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,344</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>905&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Foreign exchange</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
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 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
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 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
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 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Swap contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>999</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,481</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,682</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>18,162</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>510</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,483</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(973</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,874</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>200&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Forward contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,046</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>135</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,181</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>12</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(31</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(19</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>101</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Futures</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,157</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,157</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Credit derivatives</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>38</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>568</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>606</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>14</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>14</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
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 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
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 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Swap contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,612</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>169</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,781</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>60</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(14</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>46</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>337</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>35&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Futures</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,158</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,158</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Options purchased</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,693</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6,148</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>100</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>10,941</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>769</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(10</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>759</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,606</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>305&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Subtotal including accrued interest</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>53,882</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>58,040</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>224,851</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>336,773</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16,204</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(8,649</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,555</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,262</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,457&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Less accrued interest</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>635</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(827</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(192</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>53,882</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>58,040</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>224,851</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>336,773</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>15,569</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(7,822</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>7,747</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>12,262</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,457&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="14" align="center">Remaining term to maturity (notional
 amounts)</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="14" align="center">Fair value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Under 1</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">year</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">1 to 5</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">years</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Over</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">5 years</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Positive</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Negative</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Net</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Credit&#xA0;risk</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">equivalent<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Risk-&#xA0;&#xA0;&#xA0;&#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">weighted&#xA0;&#xA0;&#xA0;&#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">amount<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup>&#xA0;&#xA0;&#xA0;&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest rate contracts</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 OTC swap contracts</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">13,244</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">37,395</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">164,252</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">214,891</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">19,327</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(10,154</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">9,173</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">10,205</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">
 1,493&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Cleared swap contracts</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">717</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,786</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">62,952</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">68,455</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,507</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2,117</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,390</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">
 &#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest rate forwards</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">7,229</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,143</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">873</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">14,245</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">326</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(629</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(303</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">192</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">29&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Futures</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">11,616</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">11,616</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">
 &#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Options purchased</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">483</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2,927</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">5,980</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">9,390</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">376</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">376</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">458</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">70&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Subtotal</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">33,289</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">51,251</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">234,057</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">318,597</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">23,536</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(12,900</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10,636</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10,855</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">
 1,592&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Foreign exchange</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Swap contracts</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">425</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,917</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">9,259</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,601</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">346</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2,120</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,774</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,491</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">181&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Forward contracts</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,257</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">165</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,422</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(38</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(25</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">62</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">9&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Futures</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,729</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,729</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">
 &#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Credit derivatives</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">47</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">615</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">662</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">
 &#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity contracts</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Swap contracts</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,107</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">192</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,299</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">64</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(35</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">29</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">495</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">54&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Futures</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">16,072</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">16,072</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">
 &#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Options purchased</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">6,007</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">5,809</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">11,816</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">626</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(2</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">624</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2,735</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">358&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Subtotal including accrued interest</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">64,933</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">61,949</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">243,316</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">370,198</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">24,603</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(15,095</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">9,508</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">15,638</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">
 2,194&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Less accrued interest</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">931</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(944</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(13</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;64,933</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;61,949</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;243,316</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;370,198</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;23,672</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(14,151</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;9,521</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;15,638</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;2,194&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Credit risk equivalent is the sum of
 replacement cost and the potential future credit exposure.
 Replacement cost represents the current cost of replacing all
 contracts with a positive fair value. The amounts take into
 consideration legal contracts that permit offsetting of positions.
 The potential future credit exposure is calculated based on a
 formula prescribed by OSFI.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">Risk-weighted amount represents the
 credit risk equivalent, weighted according to the creditworthiness
 of the counterparty, as prescribed by OSFI.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfFairValueSummaryOfDerivativeContractsCategorizedByHierarchyExplanatory', window );">Summary of Fair Value of Derivative Contracts</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents fair value of derivative contracts and
 the fair value hierarchy.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="65%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Fair value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Level&#xA0;1</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Level&#xA0;2</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Level&#xA0;3</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Derivative assets</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest rate contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>14,199</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>13,181</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,018</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Foreign exchange contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>527</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>527</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Equity contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>829</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>768</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>61</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Credit default swaps</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>14</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>14</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total derivative assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>15,569</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>14,490</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,079</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Derivative liabilities</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest rate contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,309</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,012</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>297</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Foreign exchange contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,490</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,490</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Equity contracts</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>23</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>10</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>13</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total derivative liabilities</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>7,822</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>7,512</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>310</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Fair value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Level&#xA0;1</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Level&#xA0;2</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Level&#xA0;3</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Derivative assets</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest rate contracts</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">22,602</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">22,045</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">557</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Foreign exchange contracts</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">362</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">361</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Equity contracts</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">690</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">182</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">508</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Credit default swaps</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">18</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">18</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total derivative assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">23,672</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">$</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">22,606</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;1,066</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Derivative liabilities</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Interest rate contracts</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">11,984</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">11,114</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">870</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Foreign exchange contracts</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,133</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,133</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Equity contracts</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">34</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">33</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total derivative liabilities</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;14,151</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">$</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right">
 &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;13,248</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">903</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <br class="Apple-interchange-newline" /></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfNetDerivativeContractsMeasuredAtFairValueUsingSignificantUnobservableInputsExplanatory', window );">Net Derivative Significant Unobservable Inputs Used in Fair Value Measurement</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The following table presents a
 roll forward for net derivative contracts measured at fair value
 using significant unobservable inputs (Level 3).</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="81%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Balance at the beginning of the year</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;163</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;&#xA0;350</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net realized / unrealized gains (losses) included in:</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Net income<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,082</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">47</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 OCI<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(9</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">40</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Purchases</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>22</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">373</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Settlements</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(103</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(522</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Transfers</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Into Level&#xA0;3<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Out of Level&#xA0;3<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(363</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(116</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Currency movement</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(23</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(9</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Balance at the end of the year</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>769</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">163</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Change in unrealized gains (losses) on instruments still
 held</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>832</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">145</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">These amounts are included in
 investment income on the Consolidated Statements of Income.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">These amounts are included in AOCI on
 the Consolidated Statements of Financial Position.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">For derivatives transferred into and
 out of Level&#xA0;3, the Company uses the fair value of the items
 at the end and beginning of the period, respectively. Transfers
 into Level&#xA0;3 occur when the inputs used to price the assets
 and liabilities lack observable market data (versus the previous
 year). Transfers out of Level&#xA0;3 occur when the inputs used to
 price the assets and liabilities become available from observable
 market data.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfRecognizedGainsLossesOnDerivativesAndHedgedItemsInFairValueHedgesInInvestmentIncomeExplanatory', window );">Summary of Recognized Gains Losses on Derivatives and Hedged Items in Fair Value Hedges in Investment Income</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The Company recognizes gains and
 losses on derivatives and the related hedged items in fair value
 hedges in investment income. These investment gains (losses) are
 shown in the following table.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="34%"></td>
 <td valign="bottom" width="5%"></td>
 <td width="35%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Hedged items in qualifying</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 fair value hedging</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 relationships</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Gains&#xA0;(losses)<br />
 recognized&#xA0;on<br />
 derivatives</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Gains&#xA0;(losses)<br />
 recognized&#xA0;for<br />
 hedged&#xA0;items</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Ineffectiveness&#xA0;&#xA0;&#xA0;&#xA0;<br />
 recognized in&#xA0;&#xA0;&#xA0;&#xA0;<br />
 investment&#xA0;&#xA0;&#xA0;&#xA0;<br />
 income&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest rate swaps</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Fixed rate assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1)&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Fixed rate liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(17</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>17</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Foreign currency swaps</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Fixed rate assets</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(17</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>18</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="2"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Hedged items in qualifying</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 fair value hedging</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 relationships</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Gains&#xA0;(losses)<br />
 recognized&#xA0;on<br />
 derivatives</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Gains&#xA0;(losses)<br />
 recognized&#xA0;for<br />
 hedged&#xA0;items</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">
 Ineffectiveness&#xA0;&#xA0;&#xA0;&#xA0;<br />
 recognized in&#xA0;&#xA0;&#xA0;&#xA0;<br />
 investment&#xA0;&#xA0;&#xA0;&#xA0;<br />
 income&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest rate swaps</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Fixed rate assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;(52</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;30</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">
 &#xA0;&#xA0;(22)&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Fixed rate liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">
 &#x2013;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Foreign currency swaps</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Fixed rate assets</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">2</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">2&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">(53</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">33</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">(20)&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureEffectsOfDerivativesInCashFlowHedgingRelationshipsExplanatory', window );">Summary of Effects of Derivatives in Cash Flow Hedging Relationships</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The effects of derivatives in cash
 flow hedging relationships on the Consolidated Statements of Income
 and the Consolidated Statements of Comprehensive Income are shown
 in the following table.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="34%"></td>
 <td valign="bottom" width="5%"></td>
 <td width="35%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Hedged items in qualifying</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 cash flow hedging</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 relationships</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Gains
 (losses)<br />
 deferred in<br />
 AOCI on<br />
 derivatives</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Gains (losses)<br />
 reclassified<br />
 from&#xA0;AOCI&#xA0;into<br />
 investment<br />
 income</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Ineffectiveness&#xA0;&#xA0;&#xA0;&#xA0;<br />
 recognized in&#xA0;&#xA0;&#xA0;&#xA0;<br />
 investment&#xA0;&#xA0;&#xA0;&#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">income&#xA0;&#xA0;&#xA0;&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest rate swaps</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Forecasted liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(17</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Foreign currency swaps</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Fixed rate assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Floating rate liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>95</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>50</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Fixed rate liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>35</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>7</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Forward contracts</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Forecasted expenses</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>10</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(10</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity contracts</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Stock-based compensation</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>20</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>29</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>163</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>58</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="2"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Hedged items in qualifying</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 cash flow hedging</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 relationships</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Gains (losses)<br />
 deferred in<br />
 AOCI on<br />
 derivatives</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Gains (losses)<br />
 reclassified<br />
 from&#xA0;AOCI&#xA0;into<br />
 investment<br />
 income</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">
 Ineffectiveness&#xA0;&#xA0;&#xA0;&#xA0;<br />
 recognized in&#xA0;&#xA0;&#xA0;&#xA0;<br />
 investment&#xA0;&#xA0;&#xA0;&#xA0;<br />
 income&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest rate swaps</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Forecasted liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(18</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">
 &#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Foreign currency swaps</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Fixed rate assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(4</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">
 &#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Floating rate liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">47</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">
 &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;23</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">
 &#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Fixed rate liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(15</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(8</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">
 &#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Forward contracts</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Forecasted expenses</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">7</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(14</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">
 &#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity contracts</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">Stock-based compensation</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">39</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">
 &#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <font style="WHITE-SPACE: nowrap">Non-derivative</font> financial
 instrument</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 Forecasted expenses</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">3</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;74</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">(15</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap" align="right">
 &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2013;&#xA0;&#xA0;&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfEffectsOfDerivativesInNetInvestmentHedgingRelationshipsExplanatory', window );">Summary of Effects of Net Investment Hedging Relationships</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The effects of net investment
 hedging relationships on the Consolidated Statements of Income and
 the Consolidated Statements of Other Comprehensive Income are shown
 in the following table.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="63%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="5%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Gains&#xA0;(losses)<br />
 deferred&#xA0;in&#xA0;AOCI<br />
 on derivatives</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Gains&#xA0;(losses)<br />
 reclassified&#xA0;from<br />
 AOCI into<br />
 investment&#xA0;income</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Ineffectiveness<br />
 recognized in<br />
 investment<br />
 income</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <font style="WHITE-SPACE: nowrap">Non-functional</font> currency
 denominated debt</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>355</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>355</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Gains (losses)<br />
 deferred in AOCI<br />
 on derivatives</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Gains (losses)<br />
 reclassified from<br />
 AOCI into<br />
 investment income</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Ineffectiveness<br />
 recognized in<br />
 investment<br />
 income</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <font style="WHITE-SPACE: nowrap">Non-functional</font> currency
 denominated debt</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">&#xA0;&#xA0;(25</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(25</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap" align="right">
 &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap" align="right">
 &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfEffectsOfDerivativesNotDesignatedInQualifyingHedgeAccountingRelationshipsExplanatory', window );">Summary of Effects of Derivatives Not Designated in Qualifying Hedge Accounting Relationships</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The effects of derivatives not
 designated in qualifying hedge accounting relationships on the
 Consolidated Statements of Income are shown in the following
 table.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="81%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Investment income (loss)</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest rate swaps</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(927</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(141</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest rate futures</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>372</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(26</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest rate options</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(96</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(11</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Foreign currency swaps</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;529</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(14</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Currency rate futures</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(92</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">263</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Forward contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,231</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(88</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity futures</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(2,190</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2,387</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity contracts</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>153</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(171</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Credit default swaps</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(4</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">1</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,024)</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(2,574</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure effects of derivatives in cash flow hedging relationships.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureEffectsOfDerivativesInCashFlowHedgingRelationshipsExplanatory</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of effects of derivatives in net investment hedging relationships.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of effects of derivatives not designated in qualifying hedge accounting relationships.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfEffectsOfDerivativesNotDesignatedInQualifyingHedgeAccountingRelationshipsExplanatory</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure Of Fair Value Summary Of Derivative Contracts Categorized By Hierarchy Explanatory</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfGrossNotionalAmountAndTheFairValueOfDerivativeContractsAreDisclosedByDerivativesInQualifyingHedgingAndDerivativesNotDesignatedInQualifyingHedgingRelationshipsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure Of Gross Notional Amount And The Fair Value Of Derivative Contracts Are Disclosed By Derivatives In Qualifying Hedging And Derivatives Not Designated In Qualifying Hedging Relationships Explanatory</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of gross notional amount by remaining term to maturity, fair value (including accrued interest), credit risk equivalent and risk weighted amount by contract type.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure Of Net Derivative Contracts Measured At Fair Value Using Significant Unobservable Inputs Explanatory</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6924495968">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Taxes (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Income tax expenses (recovery)
 recognized in the Consolidated Statements of Income:</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="81%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="2%"></td>
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 <td></td>
 <td valign="bottom" width="3%"></td>
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 <td height="5"></td>
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 <td height="5" colspan="4"></td>
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 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Current tax</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Current year</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>608</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">659</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Adjustments to prior year<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(38</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(228</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>570</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
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 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Deferred tax</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Change related to temporary differences</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(803</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(235</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Impact of U.S. Tax Reform</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>472</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Income tax expense</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;&#xA0;239</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;&#xA0;196</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Adjustments relating to closure of
 multiple taxation years</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Income tax expenses (recovery)
 recognized in Other Comprehensive Income
 (&#x201C;OCI&#x201D;):</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="82%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Current income tax expense (recovery)</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>116</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(72</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Deferred income tax expense (recovery)</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>320</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(25</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Income tax expense (recovery)</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;436</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(97</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">Income tax expenses (recovery)
 recognized directly in Equity:</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="81%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Current income tax expense (recovery)</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(2</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Deferred income tax expense (recovery)</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(2</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Income tax expense (recovery)</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;(2</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;)</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(4</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfIncomeTaxExpenseReconciliationShowingEffectiveIncomeTaxExpenseDifferenceFromStatutoryIncomeTaxExpenseExplanatory', window );">Summary of Reconciliation of Income Tax Expense</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The effective income tax rate
 reflected in the Consolidated Statements of Income varies from the
 Canadian tax rate of 26.75&#xA0;per cent for the year ended
 December&#xA0;31, 2017 (2016&#xA0;&#x2013;&#xA0;26.75 per cent) and
 the reasons are disclosed below.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Reconciliation of income tax
 expense</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="81%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Income before income taxes</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;&#xA0;2,501</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">&#xA0;&#xA0;3,329</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Income tax expense at Canadian statutory tax rate</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>669</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">890</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Increase (decrease) in income taxes due to:</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 <font style="WHITE-SPACE: nowrap">Tax-exempt</font> investment
 income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(242</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(229</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Differences in tax rate on income not subject to tax in Canada</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(551</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(366</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Recovery of unrecognized tax losses of prior years</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(10</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Adjustments to taxes related to prior years</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(182</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(206</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Tax losses and temporary differences not recognized as deferred
 taxes</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>14</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">22</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impact of U.S. Tax Reform</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>472</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other differences</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>59</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">95</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Income tax expense</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>239</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">196</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfSummarizedDeferredTaxesExplanatory', window );">Summary of Deferred Tax Assets and Liabilities</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The following table presents the
 Company&#x2019;s deferred tax assets and liabilities.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="81%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December, 31</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Deferred tax assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,569</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">4,439</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Deferred tax liabilities</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,281</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(1,359</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net deferred tax assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;&#xA0;3,288</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;&#xA0;3,080</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDeferredTaxesExplanatory', window );">Components of Deferred Tax Assets and Liabilties</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents significant components of the
 Company&#x2019;s deferred tax assets and liabilities.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="51%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Balance,<br />
 January&#xA0;1,<br />
 2017</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Recognized<br />
 in Income<br />
 Statement</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Recognized
 in<br />
 Other<br />
 Comprehensive<br />
 Income</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Recognized<br />
 in Equity</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Translation<br />
 and Other</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Balance,<br />
 December&#xA0;31,<br />
 2017</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Loss carry forwards</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>942</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(311</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(38</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>596</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Actuarial liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>9,366</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,053</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(17</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(418</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,878</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Pensions and post-employment benefits</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>352</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(87</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(54</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>208</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Tax credits</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>875</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(369</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(52</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>454</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Accrued interest</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>17</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(12</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Real estate</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,396</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>284</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(9</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>59</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,062</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Securities and other investments</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(6,064</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;2,172</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(239</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>324</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(3,807</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Sale of investments</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(163</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>58</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(105</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Goodwill and intangible assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,059</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>197</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>37</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(825</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>210</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(548</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>287</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(50</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,080</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>331</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(320)</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;195</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,288</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Balance,<br />
 January&#xA0;1,<br />
 2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Recognized<br />
 in Income<br />
 Statement</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Recognized in<br />
 Other<br />
 Comprehensive<br />
 Income</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Recognized<br />
 in Equity</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Translation<br />
 and Other</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Balance,<br />
 December&#xA0;31,<br />
 2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Loss carry forwards</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">1,493</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(515</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(36</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">942</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Actuarial liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">9,448</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">244</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(5</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;(116</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(205</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">9,366</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Pensions and post-employment benefits</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">329</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">100</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(79</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">352</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Tax credits</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">750</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">147</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(22</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">875</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Accrued interest</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">121</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(100</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(4</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">17</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Real estate</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,812</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">373</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">43</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,396</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Securities and other investments</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(6,218</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(243</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">113</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">112</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">172</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(6,064</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Sale of investments</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(200</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">37</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(163</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Goodwill and intangible assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,138</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">58</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">21</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,059</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">59</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">134</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(4</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">6</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">15</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">210</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total</p>
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 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;&#xA0;2,832</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
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 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">235</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">25</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">2</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(14</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;&#xA0;3,080</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Goodwill and Intangible Assets (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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 intangible assets</b></font></p>
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 &#xA0;</p>
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 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Balance,<br />
 January&#xA0;1,<br />
 2017</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
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 Amortization<br />
 expense</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
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 Effect&#xA0;of&#xA0;changes<br />
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 exchange rates</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Balance,<br />
 December&#xA0;31,<br />
 2017</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
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 <b>Goodwill</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>5,884</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>n/a</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(171</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>5,713</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Indefinite life intangible assets</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Brand</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>805</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>n/a</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(52</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>753</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Fund management contracts and other<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>785</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>n/a</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(30</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>755</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,590</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>n/a</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(82</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,508</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Finite life intangible assets<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(2)</sup></b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Distribution networks</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,093</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>47</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(57</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>989</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Customer relationships</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>969</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>56</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(14</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>899</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Software</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>494</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>306</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>121</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(18</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>661</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>77</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>5</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>70</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,633</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>306</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>229</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(91</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,619</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total intangible assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,223</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>306</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>229</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(173</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,127</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total goodwill and intangible assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;10,107</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>306</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;229</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(344</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>9,840</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Balance,<br />
 January&#xA0;1,<br />
 2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Additions<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup>/<br />
 disposals<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(4)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Amortization<br />
 expense</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Effect of changes<br />
 in foreign<br />
 exchange rates</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Balance,<br />
 December&#xA0;31,<br />
 2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Goodwill</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">5,685</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">256</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">n/a</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(57</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">5,884</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Indefinite life intangible assets</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Brand</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">831</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">n/a</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(26</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">805</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Fund management contracts and other<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">723</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">76</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">n/a</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(14</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">785</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,554</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">76</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">n/a</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(40</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,590</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Finite life intangible assets<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(2)</sup></b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Distribution networks</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">726</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">450</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">50</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(33</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,093</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Customer relationships</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">947</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">79</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">53</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(4</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">969</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Software</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">396</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">229</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">126</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(5</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">494</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">76</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">6</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">5</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">77</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2,145</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">764</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">234</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(42</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2,633</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total intangible assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">3,699</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">840</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">234</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(82</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">4,223</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total goodwill and intangible assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">9,384</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">1,096</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">234</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(139</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;10,107</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">For fund management contracts, the
 significant CGUs to which these were allocated and their associated
 carrying values were John Hancock Investments and Retirement Plan
 Services with $367 (2016 &#x2013; $393) and Canadian Wealth
 (excluding Manulife Bank of Canada) with $273 (2016 &#x2013;
 $273).</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">Gross carrying amount of finite life
 intangible assets was $1,294 for distribution networks, $1,128 for
 customer relationships, $1,841 for software and $126 for other
 (2016 &#x2013; $1,363, $1,142, $1,581 and $133, respectively).</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">In 2016, acquisitions of Standard
 Chartered&#x2019;s MPF business in Hong Kong and
 Transamerica&#x2019;s broker-dealer business in the USA led to
 additions of goodwill of $194 and $59 and intangible assets of $193
 and $26, respectively. Commencement of sales through the DBS
 relationship led to recognition of $536 of distribution
 networks.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(4)</sup></td>
 <td valign="top" align="left">In 2016, disposals include
 impairments of distribution networks for discontinued products of
 $150 in the U.S. Division.</td>
 </tr>
 </table>


 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillExplanatory', window );">Summary of Impairment Testing of Goodwill</a></td>
<td class="text"><div>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">sold, and where interdependencies
 exist. The following tables present the carrying value of goodwill
 by CGUs.</font></p>
 <p style="font-size:8pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center">
 <tr>
 <td width="63%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></p>
 <p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">
 CGU or Group of CGUs</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right">Balance,<br />
 January&#xA0;1,</p>
 <p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" align="right">2017</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 Additions/<br />
 disposals</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" nowrap="nowrap" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">Effect
 of<br />
 changes in<br />
 foreign<br />
 exchange<br />
 rates</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right">Balance,<br />
 December&#xA0;31,</p>
 <p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" align="right">2017</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Asia (excluding Hong Kong and Japan)</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>160</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>(6</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>154</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Hong Kong</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>194</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>(14</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>180</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Japan Insurance and Wealth</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>403</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>(12</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>391</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Canadian Individual Life</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>155</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>155</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Canadian Affinity Markets</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>83</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>83</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Canadian Wealth (excluding Manulife Bank)</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>1,085</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>1,085</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Canadian Group Benefits and Group Retirement Solutions</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>1,773</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>1,773</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 International Group Program</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>90</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>(6</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>84</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 John Hancock Insurance</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>428</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>(28</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>400</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 John Hancock Investments and Retirement Plan Services</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>1,220</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>(99</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>1,121</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Manulife Asset Management and Other</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>293</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right">
 <b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(6</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>287</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Total</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;5,884</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>$</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(171</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;5,713</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="font-size:1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></p>
 <p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">
 CGU or Group of CGUs</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right">Balance,<br />
 January&#xA0;1,</p>
 <p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" align="right">2016</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">Additions/<br />
 disposals</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">Effect of<br />
 changes in<br />
 foreign<br />
 exchange<br />
 rates</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right">Balance,<br />
 December&#xA0;31,</p>
 <p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" align="right">2016</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Asia (excluding Hong Kong and Japan)</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">166</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">$</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(6</td>
 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">160</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Hong Kong</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">194</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">194</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Japan Insurance and Wealth</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">404</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1</td>
 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">403</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Canadian Individual Life</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">155</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">155</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Canadian Affinity Markets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">83</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">83</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Canadian Wealth (excluding Manulife Bank)</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,085</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,085</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Canadian Group Benefits and Group Retirement Solutions</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,773</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,773</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 International Group Program</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">93</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(3</td>
 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">90</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 John Hancock Insurance</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">378</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">59</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(9</td>
 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">428</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 John Hancock Investments and Retirement Plan Services</p>
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 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,254</td>
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 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(37</td>
 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
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 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
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 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Manulife Asset Management and Other</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">294</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">(1</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">)&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">293</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
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 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
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 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
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 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">5,685</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">&#xA0;&#xA0;256</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">(57</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">)&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">5,884</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
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<div style="display: none;">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of the reconciliation of changes in goodwill. [Refer: Goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B67<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B67_d&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of detailed information about goodwill and intangible assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6891458144">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Insurance Contract Liabilities and Reinsurance Assets (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">for unreported claims and
 policyholder amounts on deposit. The components of gross and net
 insurance contract liabilities are shown below.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
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 <td></td>
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 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
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 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Gross insurance contract liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>291,767</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">284,778</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Gross benefits payable and provision for unreported claims</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,376</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,309</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Gross policyholder amounts on deposit</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>9,462</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">9,418</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Gross insurance contract liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>304,605</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">297,505</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Reinsurance assets</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(30,359</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(34,952</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net insurance contract liabilities</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;274,246</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;262,553</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCompositionOfInsuranceContractLiabilitiesAndReinsuranceAssetsByLineOfBusinessAndReportingSegmentExplanatory', window );">Summary of Composition of Insurance Contract Liabilities and Reinsurance Assets by Line of Business and Reporting Segment</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The composition of insurance
 contract liabilities and reinsurance assets by line of business and
 reporting segment is as follows.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Gross
 insurance contract liabilities</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="43%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center">Individual
 insurance</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 Participating</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><font style="WHITE-SPACE: nowrap">Non-</font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">participating</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 Annuities<br />
 and<br />
 pensions</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 Other<br />
 insurance<br />
 contract<br />
 liabilities<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Total,
 net of<br />
 reinsurance<br />
 ceded</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 Total<br />
 reinsurance<br />
 ceded</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 Total,<br />
 gross&#xA0;of<br />
 reinsurance<br />
 ceded</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Asia division</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>32,737</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>22,705</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,366</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,435</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>62,243</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>911</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>63,154</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Canadian division</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>11,132</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>34,091</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>19,141</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>11,834</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>76,198</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(676</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>75,522</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 U.S. division</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>8,569</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>57,599</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>26,161</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>43,522</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>135,851</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>29,952</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>165,803</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Corporate and Other</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(515</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>48</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>421</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(46</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>172</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>126</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total, net of reinsurance ceded</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>52,438</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>113,880</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>49,716</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>58,212</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>274,246</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>30,359</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>304,605</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total reinsurance ceded</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>11,492</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>11,238</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6,539</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,090</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>30,359</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total, gross of reinsurance ceded</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;63,930</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;125,118</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;56,255</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;59,302</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;304,605</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td bgcolor="#FFFFFF" height="16" colspan="8"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td bgcolor="#FFFFFF" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#FFFFFF" valign="bottom" colspan="6" align="center">Individual
 insurance</td>
 <td bgcolor="#FFFFFF" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Participating</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><font style="WHITE-SPACE: nowrap">Non-</font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">participating</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Annuities<br />
 and<br />
 pensions</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Other<br />
 insurance<br />
 contract<br />
 liabilities<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Total, net of<br />
 reinsurance<br />
 ceded</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Total<br />
 reinsurance<br />
 ceded</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Total,<br />
 gross&#xA0;of<br />
 reinsurance<br />
 ceded</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Asia division</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">29,520</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">18,799</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">3,599</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">2,649</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">54,567</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">880</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">55,447</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Canadian division</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10,974</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">31,790</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">19,620</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">11,000</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">73,384</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">593</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">73,977</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 U.S. division</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">9,419</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">56,484</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">28,529</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">40,760</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">135,192</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">33,220</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">168,412</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Corporate and Other</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(833</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">62</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">181</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(590</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">259</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(331</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total, net of reinsurance ceded</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">49,913</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">106,240</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">51,810</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">54,590</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">262,553</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">34,952</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">297,505</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total reinsurance ceded</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">13,558</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">12,122</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">8,159</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">1,113</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">34,952</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total, gross of reinsurance ceded</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">63,471</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">118,362</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">59,969</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">55,703</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">297,505</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Other insurance contract liabilities
 include group insurance and individual and group health including
 long-term care insurance.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueOfAssetsBackingNetInsuranceContractLiabilitiesOtherLiabilitiesAndCapitalExplanatory', window );">Summary of Carrying Value of Total Assets Backing Net Insurance Contract Liabilities, Other Liabilities and Capital</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The carrying value of total assets
 backing net insurance contract liabilities, other liabilities and
 capital was as follows.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="45%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center">Individual
 insurance</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 Participating</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><font style="WHITE-SPACE: nowrap">Non-</font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">participating</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 Annuities<br />
 and pensions</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Other
 insurance<br />
 contract<br />
 liabilities<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 Other<br />
 liabilities<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 Capital<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 Total</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Assets</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Debt securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>27,946</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>63,128</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>26,621</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>25,211</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,635</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>24,459</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>174,000</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Public equities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>9,264</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,855</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>171</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>332</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,029</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,894</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>21,545</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Mortgages</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,017</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>10,286</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,009</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,891</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>18,476</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>63</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>44,742</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Private placements</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,645</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,128</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>8,059</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,739</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>367</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>194</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>32,132</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Real estate</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,963</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,198</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,136</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,516</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>769</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>228</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>13,810</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6,603</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>16,285</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6,720</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>15,523</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>377,352</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>20,821</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>443,304</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;52,438</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;113,880</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;49,716</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;58,212</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;404,628</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;50,659</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;729,533</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td bgcolor="#FFFFFF" height="16" colspan="8"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td bgcolor="#FFFFFF" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#FFFFFF" valign="bottom" colspan="6" align="center">Individual
 insurance</td>
 <td bgcolor="#FFFFFF" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Participating</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><font style="WHITE-SPACE: nowrap">Non-</font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">participating</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Annuities<br />
 and pensions</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Other insurance<br />
 contract<br />
 liabilities<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Other<br />
 liabilities<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Capital<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Total</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Debt securities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">27,473</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">56,765</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">26,331</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">23,012</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">9,965</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">25,076</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">168,622</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Public equities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">8,055</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,401</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">213</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">351</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">732</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,744</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">19,496</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Mortgages</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,110</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10,008</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">8,135</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,554</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18,311</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">75</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">44,193</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Private placements</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,277</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10,823</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">7,096</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">7,070</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,272</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">191</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">29,729</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Real estate</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,811</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,397</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,480</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,561</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">613</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">270</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">14,132</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">6,187</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">16,846</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">8,555</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">16,042</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">377,000</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">19,879</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">444,509</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">49,913</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">106,240</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">51,810</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">54,590</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">407,893</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">50,235</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">720,681</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Other insurance contract liabilities
 include group insurance and individual and group health including
 long-term care insurance.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">Other liabilities are <font style="WHITE-SPACE: nowrap">non-insurance</font> contract liabilities
 which include segregated funds, bank deposits, long-term debt,
 deferred tax liabilities, derivatives, investment contracts,
 embedded derivatives and other miscellaneous liabilities.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">Capital is defined in note 14.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfPotentialImpactOnNetIncomeAttributedToShareholdersArisingFromChangesToNoneconomicAssumptionsExplanatory', window );">Summary of Potential Impact on Net Income Attributed to Shareholders Arising From Changes to Non-economic Assumptions</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Potential
 impact on net income attributed to shareholders arising from
 changes to <font style="WHITE-SPACE: nowrap">non-economic</font>
 assumptions<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1),(2)</sup></b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="79%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" rowspan="2">
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6" align="center">Decrease in net income<br />
 attributable to shareholders</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Policy related assumptions</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 2% adverse change in future mortality rates<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3),(5)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Products where an increase in rates increases insurance contract
 liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(400</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(400</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Products where a decrease in rates increases insurance contract
 liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(400</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(500</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 5% adverse change in future morbidity rates<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4),(5)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(3,900</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;(3,700</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 10% adverse change in future termination rates<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(2,000</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,900</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 5% increase in future expense levels</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(500</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">(500</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 2px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">The sensitivities as at
 December&#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&#xA0;1, 2018.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">The participating policy funds are
 largely self-supporting and generate no material impact on net
 income attributed to shareholders as a result of changes in
 <font style="WHITE-SPACE: nowrap">non-economic</font> assumptions.
 Experience gains or losses would generally result in changes to
 future dividends, with no direct impact to shareholders.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">An increase in mortality rates will
 generally increase policy liabilities for life insurance contracts
 whereas a decrease in mortality rates will generally increase
 policy liabilities for policies with longevity risk such as payout
 annuities.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></td>
 <td valign="top" align="left">No amounts related to morbidity risk
 are included for policies where the policy liability provides only
 for claims costs expected over a short period, generally less than
 one year, such as Group Life and Health.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></td>
 <td valign="top" align="left">The impacts of the sensitivities on
 long-term care for morbidity, mortality and lapse are assumed to be
 moderated by partial offsets from the Company&#x2019;s ability to
 contractually raise premium rates in such events, subject to state
 regulatory approval.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfAnnualReviewOfActuarialMethodsAndAssumptionsExplanatory', window );">Summary of Actuarial Methods and Assumptions</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The 2017 full year review of
 actuarial methods and assumptions resulted in an increase in
 insurance and investment contract liabilities of $277, net of
 reinsurance, and a decrease in net income attributed to
 shareholders of $35 <font style="WHITE-SPACE: nowrap">post-tax.</font> These charges exclude the
 impacts of the U.S. Tax Reform and reducing the allocation to ALDA
 in the Company&#x2019;s portfolio asset mix. The charge to net
 income in the fourth quarter of 2017 for these two items was
 $2.8&#xA0;billion, which primarily related to the <font style="WHITE-SPACE: nowrap">post-tax</font> change in policy liabilities.
 Refer to notes 6 and 8(g) for further details.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="62%"></td>
 <td valign="bottom" width="7%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Change&#xA0;in&#xA0;gross<br />
 insurance and<br />
 investment<br />
 contract&#xA0;liabilities</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Change&#xA0;in&#xA0;insurance<br />
 and investment<br />
 contract liabilities<br />
 net of reinsurance<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Change&#xA0;in&#xA0;net</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">income&#xA0;attributed<br />
 to shareholders</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><font style="WHITE-SPACE: nowrap">(post-tax)</font></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Mortality and morbidity updates</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"><b>$</b></td>
 <td valign="bottom" align="right"><b>(219</b></td>
 <td valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"><b>$</b></td>
 <td valign="bottom" align="right"><b>(254</b></td>
 <td valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"><b>$</b></td>
 <td valign="bottom" align="right"><b>299</b></td>
 <td valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Lapses and policyholder behaviour</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"><b>&#xA0;</b></td>
 <td valign="bottom" align="right"><b>1,057</b></td>
 <td valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"><b>&#xA0;</b></td>
 <td valign="bottom" align="right"><b>1,019</b></td>
 <td valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"><b>&#xA0;</b></td>
 <td valign="bottom" align="right"><b>(783</b></td>
 <td valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other updates</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 ALDA and public equity investment return assumptions</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"><b>&#xA0;</b></td>
 <td valign="bottom" align="right"><b>1,403</b></td>
 <td valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"><b>&#xA0;</b></td>
 <td valign="bottom" align="right"><b>1,296</b></td>
 <td valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"><b>&#xA0;</b></td>
 <td valign="bottom" align="right"><b>(892</b></td>
 <td valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Corporate spread assumptions</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"><b>&#xA0;</b></td>
 <td valign="bottom" align="right"><b>(554</b></td>
 <td valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"><b>&#xA0;</b></td>
 <td valign="bottom" align="right"><b>(515</b></td>
 <td valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"><b>&#xA0;</b></td>
 <td valign="bottom" align="right"><b>344</b></td>
 <td valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Refinements to liability and tax cash flows</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"><b>&#xA0;</b></td>
 <td valign="bottom" align="right"><b>(1,273</b></td>
 <td valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"><b>&#xA0;</b></td>
 <td valign="bottom" align="right"><b>(1,049</b></td>
 <td valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"><b>&#xA0;</b></td>
 <td valign="bottom" align="right"><b>696</b></td>
 <td valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"><b>(90</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"><b>(220</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"><b>301</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net impact</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"><b>&#xA0;&#xA0;&#xA0;&#xA0;324</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"><b>&#xA0;&#xA0;&#xA0;&#xA0;277</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"><b>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;(35)</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">The $277 increase in insurance and
 investment contract liabilities net of reinsurance, included an
 increase in net liabilities associated with participating insurance
 business resulting in a charge to net income attributed to
 participating policyholders of $88.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The 2016 full year review of
 actuarial methods and assumptions resulted in an increase in
 insurance and investment contract liabilities of $655, net of
 reinsurance, and a decrease in net income attributed to
 shareholders of $453 <font style="WHITE-SPACE: nowrap">post-tax.</font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="64%"></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Change&#xA0;in&#xA0;gross<br />
 insurance and<br />
 investment<br />
 contract&#xA0;liabilities</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Change&#xA0;in&#xA0;insurance<br />
 and investment<br />
 contract liabilities<br />
 net of reinsurance</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Change&#xA0;in&#xA0;net<br />
 income&#xA0;attributed<br />
 to shareholders</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><font style="WHITE-SPACE: nowrap">(post-tax)</font></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 JH Long-Term Care triennial review</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">696</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">696</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(452</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Mortality and morbidity updates</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(12</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(53</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">76</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Lapses and policyholder behaviour</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 U.S. Variable Annuities guaranteed minimum withdrawal benefit
 incidence and utilization</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,024</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,024</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">665</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other lapses and policyholder behaviour</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">516</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">431</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(356</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Economic reinvestment assumptions</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">459</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">443</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(313</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other updates</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">719</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">162</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(73</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net impact</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;&#xA0;&#xA0;1,354</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;&#xA0;&#xA0;655</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;&#xA0;&#xA0;(453</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractsContractualObligationsExplanatory', window );">Summary of Insurance Contract Liabilities, Payments Due by Period</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Insurance contracts give rise to
 obligations fixed by agreement. As at December&#xA0;31, 2017, the
 Company&#x2019;s contractual obligations and commitments relating to
 insurance contracts are as follows.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="59%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>Payments due by period</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Less
 than<br />
 1 year</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">1 to 3</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">years</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">3 to 5</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">years</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Over 5<br />
 years</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Total</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Insurance contract liabilities<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;9,788</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;11,236</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;17,153</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;703,877</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;742,054</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Insurance contract liability 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 <font style="WHITE-SPACE: nowrap">in-force</font> 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. Cash flows include embedded derivatives measured
 separately at fair value.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfGrossClaimsAndBenefitsExplanatory', window );">Summary of Gross Claims and Benefits</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The following table presents a
 breakdown of gross claims and benefits.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="79%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Death, disability and other claims</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>14,871</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">13,819</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Maturity and surrender benefits</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,302</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,697</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Annuity payments</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,470</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,310</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Policyholder dividends and experience rating refunds</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,085</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,111</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net transfers from segregated funds</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,734</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(878</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;24,994</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;25,059</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=ifrs-full_LifeInsuranceContractsMember', window );">Life insurance contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExplanationOfSignificantChangesInContractAssetsAndContractLiabilitiesExplanatory', window );">Summary of Change in Insurance Contract Liabilities</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The change in insurance contract liabilities was a result of the
 following business activities and changes in actuarial
 estimates.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="60%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Net&#xA0;actuarial<br />
 liabilities</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Other<br />
 insurance<br />
 contract<br />
 liabilities&#xA0;<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Net<br />
 insurance<br />
 contract<br />
 liabilities</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Reinsurance<br />
 assets</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Gross<br />
 insurance<br />
 contract<br />
 liabilities</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Balance, January&#xA0;1</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>251,738</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>10,815</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>262,553</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>34,952</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>297,505</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em">
 New policies<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(2)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,545</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,545</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>441</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,986</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em">
 Normal&#xA0;<font style="WHITE-SPACE: nowrap">in-force</font>&#xA0;movement<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(2)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>15,192</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>930</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16,122</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(3,097</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>13,025</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em">
 Changes in methods and assumptions<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(2)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>305</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(28</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>277</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>47</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>324</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Impact of U.S. Tax Reform<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(2),(3)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,246</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,246</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,246</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Increase due to decision to change the portfolio asset mix
 supporting legacy businesses<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(2),(4)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,340</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,340</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>43</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,383</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Impact of changes in foreign exchange rates</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(11,275</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(562</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(11,837</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2,027</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(13,864</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Balance, December&#xA0;31</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>263,091</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>11,155</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>274,246</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>30,359</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>304,605</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Net actuarial<br />
 liabilities</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Other<br />
 insurance<br />
 contract<br />
 liabilities&#xA0;<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Net<br />
 insurance<br />
 contract<br />
 liabilities</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Reinsurance<br />
 assets</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Gross<br />
 insurance<br />
 contract<br />
 liabilities</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Balance, January&#xA0;1</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">239,812</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">10,050</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">249,862</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">35,426</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">285,288</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em">
 New policies<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,617</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,617</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">294</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,911</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em">
 Normal&#xA0;<font style="WHITE-SPACE: nowrap">in-force</font>&#xA0;movement<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12,579</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,094</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,673</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(405</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,268</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em">
 Changes in methods and assumptions<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">709</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(54</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">655</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">699</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,354</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Impact of changes in foreign exchange rates</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(4,979</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(275</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(5,254</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(1,062</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(6,316</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Balance, December&#xA0;31</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;251,738</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;10,815</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;262,553</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;34,952</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;297,505</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Other insurance contract liabilities
 are comprised of benefits payable and provision for unreported
 claims and policyholder amounts on deposit.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">In 2017, the $20,023 increase
 reported as the change in insurance contract liabilities on the
 Consolidated Statements of Income primarily consists of changes due
 to normal&#xA0;<font style="WHITE-SPACE: nowrap">in-force</font>&#xA0;movement,
 new policies, changes in methods and assumptions, the impact of
 U.S. Tax Reform and the increase due to the decision to change the
 portfolio asset mix supporting legacy businesses. These five items
 in the gross insurance contract liabilities column of this table
 net to an increase of $20,964, of which $20,212 is included in the
 Consolidated Statements of Income increase in insurance contract
 liabilities and $752 is included in gross claims and benefits. The
 Consolidated Statements of Income change in insurance contract
 liabilities also includes the change in embedded derivatives
 associated with insurance contracts.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">The impact of U.S. Tax Reform, which
 includes the lowering of the U.S. corporate tax rate from 35% to
 21% and limits on the tax deductibility of reserves, resulted in a
 $2,246 pre-tax ($1,774 post-tax) increase in policy liabilities due
 to the impact of temporary tax timing and permanent tax rate
 differences on the cash flows available to satisfy policyholder
 obligations. The $472 deferred tax impact on this increase in
 policy liabilities, together with the impact of U.S. Tax Reform on
 the Company&#x2019;s deferred tax assets and liabilities is included
 in note 6.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(4)</sup></td>
 <td valign="top" align="left">The decision to reduce the allocation
 to ALDA in the portfolio asset mix supporting the Company&#x2019;s
 North American legacy businesses resulted in an increase in policy
 liabilities due to the impact on future expected investment income
 on assets supporting the policies.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(5)</sup></td>
 <td valign="top" align="left">In 2016, the $18,014 increase
 reported as the change in insurance contract liabilities on the
 Consolidated Statements of Income primarily consists of changes due
 to normal&#xA0;<font style="WHITE-SPACE: nowrap">in-force</font>&#xA0;movement,
 new policies and changes in methods and assumptions. These three
 items in the gross insurance contract liabilities column of this
 table net to an increase of $18,533, of which $17,529 is included
 in the Consolidated Statements of Income increase in insurance
 contract liabilities and $1,004 is included in gross claims and
 benefits. The Consolidated Statements of Income change in insurance
 contract liabilities also includes the change in embedded
 derivatives associated with insurance contracts.</td>
 </tr>
 </table>


 </div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ExplanationOfSignificantChangesInContractAssetsAndContractLiabilitiesExplanatory">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The explanation of the significant changes in the contract assets and the contract liabilities. [Refer: Contract assets; Contract liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 15<br> -IssueDate 2017-01-01<br> -Paragraph 118<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=15&amp;date=2017-03-01&amp;anchor=para_118&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of annual review of actuarial methods and assumptions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of carrying value of assets backing net insurance contract liabilities, other liabilities and capital.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of composition of insurance contract liabilities and reinsurance assets by line of business and reporting segment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of gross claims and benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of insurance contract liabilities and reinsurance assets explanatory.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsExplanatory</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of information about the insurance contracts contractual obligations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Potential impact on net income attributed to shareholders arising from changes to non-economic assumptions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6886574992">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Investment Contract Liabilities (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TextBlock1Abstract', window );"><strong>Text block1 [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueOfInvestmentContractLiabilitiesMeasuredAtFairValueExplanatory', window );">Summary of Movement in Investment Contract Liabilities Measured at Fair Value</a></td>
<td class="text"><div>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The following table presents
 movement in investment contract liabilities measured at fair value
 during the year.</font></p>
 <p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center">
 <tr>
 <td width="80%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>2017</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">2016</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Balance, January&#xA0;1</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>631</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">785</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 New policies</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>50</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">53</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Changes in market conditions</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>76</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(103</td>
 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Redemptions, surrenders and maturities</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>(72</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(83</td>
 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Impact of changes in foreign exchange rates</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(46</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">(21</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Balance, December&#xA0;31</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;639</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">&#xA0;&#xA0;&#xA0;&#xA0;631</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentContractLiabilitiesMeasuredAtAmortizedCostAndFairValueAssociatedWithTheseContractsExplanatory', window );">Summary of Investment Contract Liabilities Measured at Amortized Cost and Fair Value Associated with these Contracts</a></td>
<td class="text"><div>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Investment contract liabilities
 measured at amortized cost are shown below. The fair value
 associated with these contracts is also shown for comparative
 purposes.</font></p>
 <p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center">
 <tr>
 <td width="63%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="font-size:1pt">
 <td height="5"></td>
 <td height="5" colspan="8" bgcolor="#DDE0DA"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="8"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>2017</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td colspan="2" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c">2016</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right">Amortized</p>
 <p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" align="right">cost</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">Fair value</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td colspan="2" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right">Amortized</p>
 <p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" align="right">cost</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">Fair value</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 U.S. fixed annuity products</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>&#xA0;&#xA0;1,282</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>&#xA0;&#xA0;1,433</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;1,412</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;1,516</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Canadian fixed annuity products</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>1,205</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>1,354</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">1,232</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">1,389</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Investment contract liabilities</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>2,487</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>2,787</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">2,644</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">2,905</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentContractLiabilitiesMeasuredAtAmortizedCostExplanatory', window );">Summary of Changes in Investment Contract Liabilities Measured at Amortized Cost</a></td>
<td class="text"><div>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The changes in investment contract
 liabilities measured at amortized cost was a result of the
 following business activities.</font></p>
 <p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center">
 <tr>
 <td width="81%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="font-size:1pt">
 <td height="5"></td>
 <td height="5" colspan="4" bgcolor="#DDE0DA"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>2017</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">2016</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Balance, January&#xA0;1</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>&#xA0;&#xA0;2,644</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;2,712</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Policy deposits</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>68</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">112</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Interest</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>100</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">100</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Withdrawals</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>(232</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(235</td>
 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Fees</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>(1</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1</td>
 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Other</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>(1</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Impact of changes in foreign exchange rates</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(91</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">(45</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Balance, December&#xA0;31</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>2,487</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">2,644</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfContractualObligationsAndCommitmentsRelatingToInvestmentContractsExplanatory', window );">Summary of Contractual Obligations and Commitments Relating to Investment Contracts</a></td>
<td class="text"><div>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Investment contracts give rise to
 obligations fixed by agreement. As at December&#xA0;31, 2017, the
 Company&#x2019;s contractual obligations and commitments relating to
 investment contracts are as follows.</font></p>
 <p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" align="center">
 <tr>
 <td width="58%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 <font color="#1F320C"><b>Payments due by period</b></font></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" nowrap="nowrap" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">Less
 than<br />
 1 year</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right">1 to 3</p>
 <p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" align="right">years</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right">3 to 5</p>
 <p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL" align="right">years</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">Over 5<br />
 years</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">Total</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Investment contract liabilities<sup style="font-size:85%; vertical-align:top">(1)</sup></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;283</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;536</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;481</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;3,944</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;5,244</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 </table>
 <p style="font-size:2pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%">
 <tr style="page-break-inside:avoid">
 <td width="1%" valign="top" align="left"><sup style="font-size:85%; vertical-align:top">(1)</sup></td>
 <td align="left" valign="top">Due to the nature of the products,
 the timing of net cash flows may be before contract maturity. Cash
 flows are undiscounted.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfCarryingValueOfInvestmentContractLiabilitiesMeasuredAtFairValueExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of carrying value of investment contract liabilities measured at fair value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfCarryingValueOfInvestmentContractLiabilitiesMeasuredAtFairValueExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfContractualObligationsAndCommitmentsRelatingToInvestmentContractsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of contractual obligations and commitments relating to investment contracts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfContractualObligationsAndCommitmentsRelatingToInvestmentContractsExplanatory</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6924811216">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Risk Management (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfCreditRiskExposureExplanatory', window );">Summary of Gross Carrying Amount of Financial Instruments Subject to Credit Exposure</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The following table presents the
 gross carrying amount of financial instruments subject to credit
 exposure, without considering any collateral held or other credit
 enhancements.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="80%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Debt securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 FVTPL</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;147,024</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;140,890</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 AFS</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>26,976</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">27,732</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Mortgages</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>44,742</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">44,193</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Private placements</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>32,132</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">29,729</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Policy loans</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,808</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,041</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Loans to Bank clients</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,737</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,745</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Derivative assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>15,569</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">23,672</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Accrued investment income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,182</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,260</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Reinsurance assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>30,359</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">34,952</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other financial assets</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>5,253</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">4,844</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;311,782</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;316,058</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SummaryOfCreditQualityAndCarryingValueOfCommercialMortgageAndPrivatePlacementTextBlock', window );">Summary of Credit Quality and Carrying Value of Commercial Mortgages and Private Placements</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents the credit quality and carrying value
 of commercial mortgages and private placements.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="47%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
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 <td valign="bottom" width="1%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">AAA</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">AA</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">A</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">BBB</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">BB</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 B&#xA0;and&#xA0;lower</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Commercial mortgages</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Retail</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>110</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,517</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,363</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,050</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>44</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>57</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>8,141</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Office</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>57</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,272</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,635</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,647</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>70</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>28</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,709</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Multi-family residential</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>523</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,395</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,805</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>726</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,449</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Industrial</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>33</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>386</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,542</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>477</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>145</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,583</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>362</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>331</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,012</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>973</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>14</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,692</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total commercial mortgages</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,085</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,901</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>13,357</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>5,873</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>273</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>85</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>25,574</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Agricultural mortgages</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>159</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>405</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>25</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>589</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Private placements</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,038</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,246</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>11,978</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>13,160</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>717</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>993</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>32,132</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;2,123</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;9,306</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;25,335</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;19,438</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;1,015</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;1,078</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;58,295</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">AAA</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">AA</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">A</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">BBB</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">BB</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">B and lower</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Commercial mortgages</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Retail</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">97</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">1,620</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">4,391</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">2,084</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">7</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">8,199</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Office</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">68</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,255</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,972</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,938</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">55</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">36</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">7,324</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Multi-family residential</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">656</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,362</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,944</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">844</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,806</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Industrial</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">22</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">360</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,452</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">831</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">169</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,834</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">428</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">261</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,323</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">493</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">60</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">2,565</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total commercial mortgages</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,271</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">4,858</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">13,082</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">6,190</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">284</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">43</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">25,728</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Agricultural mortgages</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">151</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">61</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">469</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">141</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">822</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Private placements</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,086</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">4,466</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">10,671</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">11,606</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">936</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">964</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">29,729</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">2,357</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">9,475</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">23,814</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">18,265</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">1,361</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">1,007</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">56,279</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <br class="Apple-interchange-newline" />

 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedExplanatory', window );">Summary of Carrying Value of Past Due but Not Impaired and Impaired Financial Assets</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents the carrying value of past due but not
 impaired and impaired financial assets.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="73%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10" align="center">Past due but not
 impaired</td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Less&#xA0;than<br />
 90 days</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 90&#xA0;days<br />
 and&#xA0;greater</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Total<br />
 impaired</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Debt securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 FVTPL</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>45</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 AFS</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>104</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>106</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em">
 Private placements</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>363</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>363</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>40</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em">
 Mortgages and loans to Bank clients</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>76</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>16</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>92</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>86</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other financial assets</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>46</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>26</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>72</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;589</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;44</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;633</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;173</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="12"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="bottom" colspan="10" align="center">Past due but not impaired</td>
 <td style="BORDER-BOTTOM: rgb(0,0,0) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Less than<br />
 90 days</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">90 days<br />
 and greater</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Total<br />
 impaired</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Debt securities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 FVTPL</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">90</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">90</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">38</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 AFS</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">16</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">9</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">25</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Private placements</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">215</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">64</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">279</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">152</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Mortgages and loans to Bank clients</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">50</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">20</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">70</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">33</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other financial assets</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">57</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">54</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">111</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">8</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">428</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">147</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">575</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">231</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 </table>
 <br class="Apple-interchange-newline" />

 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AnalysisOfFinancialAssetsThatAreIndividuallyDeterminedToBeImpaired', window );">Summary of Company's Loans That are Considered Impaired</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The following table summarizes the
 Company&#x2019;s loans that are considered impaired.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="75%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Gross<br />
 carrying<br />
 value</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Allowances<br />
 for losses</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Net&#xA0;carrying<br />
 value</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -3em">
 Private placements</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>79</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>39</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>40</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Mortgages and loans to Bank clients</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>132</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>46</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>86</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;211</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;85</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;126</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Gross<br />
 carrying<br />
 value</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Allowances<br />
 for losses</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Net<br />
 carrying<br />
 value</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Private placements</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">244</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">92</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">152</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Mortgages and loans to Bank clients</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">59</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">26</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">33</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">303</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">118</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">185</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsExplanatory', window );">Summary of Reconciliation of Allowance for Loan Losses</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Allowance
 for loan losses</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="45%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="12"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="12"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10" align="center"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="10" align="center">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;<br /></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Private<br />
 placements</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;<br />
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;<br />
 <br /></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Mortgages<br />
 and&#xA0;loans&#xA0;to<br />
 Bank&#xA0;clients</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;<br />
 &#xA0;<br />
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Total</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;<br /></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">Private<br />
 placements</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;<br />
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;<br />
 <br /></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">Mortgages<br />
 and&#xA0;loans&#xA0;to<br />
 Bank&#xA0;clients</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;<br />
 &#xA0;<br />
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">Total</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Balance, January&#xA0;1</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>92</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>26</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>118</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">72</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">29</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">101</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Provisions</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>33</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>35</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">112</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">14</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">126</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Recoveries</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(12</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(13</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(62</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(7</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(69</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Write-offs<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(43</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(12</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(55</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(30</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(10</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(40</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Balance, December&#xA0;31</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;39</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;46</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>85</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;92</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;26</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;118</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Includes disposals and impact of
 changes in foreign exchange rates.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossExplanatory', window );">Summary of Credit Default Swap Protection Sold</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The following table presents
 details of the credit default swap protection sold by type of
 contract and external agency rating for the underlying reference
 security.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="74%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 Notional<br />
 amount<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Fair value</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Weighted<br />
 average<br />
 maturity</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(in&#xA0;years)<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Single name CDSs<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Corporate debt</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 AAA</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>13</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 AA</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>35</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 A</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>408</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>10</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 BBB</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>150</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total single name CDSs</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>606</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>14</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total CDS protection sold</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;606</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;14</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="13"></td>
 <td height="13" colspan="4"></td>
 <td height="13" colspan="4"></td>
 <td height="13" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Notional<br />
 amount<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Fair value</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Weighted<br />
 average<br />
 maturity</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(in&#xA0;years)<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Single name CDSs<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Corporate debt</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 AAA</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">13</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 AA</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">37</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 A</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">457</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 BBB</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">155</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">4</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">3</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total single name CDSs</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">662</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">18</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">4</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total CDS protection sold</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">662</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">18</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">4</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Rating agency designations are based
 on S&amp;P where available followed by Moody&#x2019;s, DBRS, and
 Fitch. If no rating is available from a rating agency, an
 internally developed rating is used.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)&#xA0;</sup></td>
 <td valign="top" align="left">Notional amounts represent the
 maximum future payments the Company would have to pay its
 counterparties assuming a default of the underlying credit and zero
 recovery on the underlying issuer obligation.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)&#xA0;</sup></td>
 <td valign="top" align="left">The weighted average maturity of the
 CDS is weighted based on notional amounts.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOffsettingOfFinancialAssetsAndFinancialLiabilitiesExplanatory', window );">Summary of Effect of Conditional Master Netting and Similar Arrangements</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The following table presents the
 effect of conditional master netting and similar arrangements.
 Similar arrangements may include global master repurchase
 agreements, global master securities lending agreements, and any
 related rights to financial collateral.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="46%"></td>
 <td valign="bottom" width="7%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center">
 Related&#xA0;amounts&#xA0;not&#xA0;set&#xA0;off&#xA0;in&#xA0;the<br />

 Consolidated Statements of<br />
 Financial Position</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Gross amounts of<br />
 financial&#xA0;instruments<br />
 presented in the<br />
 Consolidated<br />
 Statements of<br />
 Financial Position<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Amounts&#xA0;subject&#xA0;to<br />
 an enforceable<br />
 master netting<br />
 arrangement or<br />
 similar agreements</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Financial and<br />
 cash&#xA0;collateral<br />
 pledged<br />
 (received)<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Net
 amount<br />
 including<br />
 financing&#xA0;trusts<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Net&#xA0;amounts<br />
 excluding<br />
 financing<br />
 trusts</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Financial assets</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Derivative assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16,204</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(6,714</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(9,395</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>95</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>95</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Securities lending</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,563</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,563</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Reverse repurchase agreements</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>230</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(46</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(184</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total financial assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>17,997</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(6,760</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;(11,142</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>95</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>95</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Financial liabilities</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Derivative liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(8,649</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,714</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,718</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(217</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(30</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Repurchase agreements</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(228</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>46</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>182</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total financial liabilities</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(8,877</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6,760</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,900</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;(217</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;(30</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6" align="center">Related amounts not set off in the<br />
 Consolidated Statements of<br />
 Financial Position</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Gross amounts of<br />
 financial instruments<br />
 presented in the<br />
 Consolidated<br />
 Statements of<br />
 Financial Position<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Amounts subject to<br />
 an enforceable<br />
 master netting<br />
 arrangement or<br />
 similar agreements</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Financial and<br />
 cash collateral<br />
 pledged<br />
 (received)<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Net amount<br />
 including<br />
 financing<br />
 trusts<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Net amounts<br />
 excluding<br />
 financing<br />
 trusts</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Financial assets</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Derivative assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">24,603</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(12,031</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(12,382</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">190</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">189</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Securities lending</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,956</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,956</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Reverse repurchase agreements</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">250</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(250</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total financial assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">26,809</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(12,031</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(14,588</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">190</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;189</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Financial liabilities</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Derivative liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(15,095</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">12,031</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">2,800</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;(264</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(42</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Repurchase agreements</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(255</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">255</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total financial liabilities</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(15,350)</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">12,031</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">3,055</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">(264</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">(42</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Financial assets and liabilities
 include accrued interest of $638 and $827, respectively (2016
 &#x2013; $935 and $944, respectively).</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">Financial and cash collateral exclude
 over-collateralization. As at December&#xA0;31, 2017, the Company
 was over-collateralized on OTC derivative assets, OTC derivative
 liabilities, securities lending and reverse purchase agreements and
 repurchase agreements in the amounts of $743, $382, $79 and $nil,
 respectively (2016 &#x2013; $398, $494, $107 and $1, respectively).
 As at December&#xA0;31, 2017, collateral pledged (received) does
 not include <font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">collateral-in-transit</font></font> on OTC
 instruments or initial margin on exchange traded contracts or
 cleared contracts.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">Includes derivative contracts entered
 between the Company and its financing trusts which it does not
 consolidate. The Company does not exchange collateral on derivative
 contracts entered with these trusts. Refer to note&#xA0;17.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesExplanatory', window );">Summary of the Effect of Unconditional Netting</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The following table presents the
 effect of unconditional netting.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="57%"></td>
 <td valign="bottom" width="12%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="11%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="6%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom" colspan="2" align="right">Gross amounts of<br />
 financial&#xA0;instruments</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom" colspan="2" align="right">Amounts subject to<br />
 an enforceable<br />
 netting&#xA0;arrangement</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom" colspan="2" align="right">Net amounts of<br />
 financial&#xA0;instruments<br />
 presented in the<br />
 Consolidated<br />
 Statements of<br />
 Financial Position</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Credit linked note<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td bgcolor="#DBDED8" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DBDED8" valign="bottom"><b>$</b></td>
 <td bgcolor="#DBDED8" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;461</b></td>
 <td bgcolor="#DBDED8" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DBDED8" valign="bottom">&#xA0;</td>
 <td bgcolor="#DBDED8" valign="bottom"><b>$</b></td>
 <td bgcolor="#DBDED8" valign="bottom" align="right">
 <b>(461</b></td>
 <td bgcolor="#DBDED8" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DBDED8" valign="bottom">&#xA0;</td>
 <td bgcolor="#DBDED8" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DBDED8" valign="bottom" nowrap="nowrap" align="right"><b>&#xA0;&#xA0;&#xA0;&#x2013;</b></td>
 <td bgcolor="#DBDED8" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Variable surplus note</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom" align="right"><b>(461</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom" align="right"><b>&#xA0;&#xA0;&#xA0;461</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DBDED8" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">In 2017, the Company entered into a
 twenty-year financing facility with a third party, agreeing to
 issue variable surplus notes in exchange for an equal amount of
 credit linked notes. These notes are held to support John Hancock
 Life Insurance Company (USA) (&#x201C;JHUSA&#x201D;) excess reserves
 under U.S. National Association of Insurance Commissioners&#x2019;
 Model Regulation&#xA0;XXX. In certain scenarios, the credit linked
 note will be drawn upon by the Company which will issue fixed
 surplus notes equal to the draw payment received. The third party
 has agreed to fund any such payment under the credit-linked notes
 in return for a fee. As at December&#xA0;31, 2017, the Company had
 no fixed surplus notes outstanding.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDebtSecuritiesAndPrivatePlacementsPortfolioBySectorAndIndustryExplanatory', window );">Schedule of Distribution of Debt Securities and Private Placements Portfolio by Sector and Industry</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following table presents debt securities and private placements
 portfolio by sector and industry.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="63%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="8"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="8"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Carrying&#xA0;value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 %&#xA0;of&#xA0;total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Carrying&#xA0;value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">%&#xA0;of&#xA0;total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Government and agency</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>71,888</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>35</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">76,020</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">38</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Utilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>40,568</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>20</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">37,561</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">19</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Financial</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>27,923</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>13</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">25,027</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Energy</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16,428</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>8</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">15,775</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">8</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Industrial</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>14,691</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>7</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,088</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Consumer&#xA0;<font style="WHITE-SPACE: nowrap">(non-cyclical)</font></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>14,009</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>7</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12,440</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Consumer (cyclical)</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,916</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,256</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Securitized</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,577</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,514</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Telecommunications</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,324</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,091</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Basic materials</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,248</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,387</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Technology</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,475</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,231</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Media and internet</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,136</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,175</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Diversified and miscellaneous</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>949</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">786</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;206,132</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>100</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;198,351</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">100</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <br class="Apple-interchange-newline" />

 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNetGrossAndReinsurersShareForAmountsArisingFromInsuranceContractsExplanatory', window );">Schedule of Geographic Concentration of Insurance and Investment Contract Liabilities, Including Embedded Derivatives</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The geographic concentration of
 the Company&#x2019;s insurance and investment contract liabilities,
 including embedded derivatives, is shown below. The disclosure is
 based on the countries in which the business is written.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="69%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Gross liabilities</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Reinsurance<br />
 assets</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Net liabilities</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 U.S. and Canada</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>237,434</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(30,225</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>207,209</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Asia and Other</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>70,521</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(134</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>70,387</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;307,955</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;(30,359</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;277,596</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Gross liabilities</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Reinsurance<br />
 assets</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Net liabilities</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 U.S. and Canada</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">238,796</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(34,987</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">203,809</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Asia and Other</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">62,322</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">35</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">62,357</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">301,118</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">(34,952</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">266,166</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=mfc_AssetClassesAndIndividualInvestmentRisksMember', window );">Asset classes and individual investment risks [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsExplanatory', window );">Schedule of Risk Concentrations</a></td>
<td class="text"><div>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="79%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Debt securities and private placements rated as investment grade
 BBB or higher<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>98%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">97%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Government debt securities as a per cent of total debt
 securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>39%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">43%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Government private placements as a per cent of total private
 placements</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>10%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Highest exposure to a single <font style="WHITE-SPACE: nowrap">non-government</font> debt security and
 private placement issuer</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,044</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">1,010</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Largest single issuer as a per cent of the total equity
 portfolio</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Income producing commercial office properties
 (2017&#xA0;&#x2013;&#xA0;64% of real estate,
 2016&#xA0;&#x2013;&#xA0;65%)</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>8,836</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">9,200</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Largest concentration of mortgages and real estate<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup>&#xA0;&#x2013;&#xA0;Ontario
 Canada (2017&#xA0;&#x2013;&#xA0;25%, 2016&#xA0;&#x2013;&#xA0;24%)</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;14,779</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;13,882</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Investment grade debt securities and
 private placements include 42% rated A, 16% rated AA and 17% rated
 AAA (2016 &#x2013; 41%, 14% and 21%) investments based on external
 ratings where available.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">Mortgages and real estate are
 diversified geographically and by property type.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ResidentialMortgagesAndLoansToBankClientsMember', window );">Residential mortgages and loans to bank clients [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfResidentialMortgagesAndLoanToBankClientsExplanatory', window );">Summary of Carrying Value of Residential Mortgages and Loans to Bank Clients</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The following table presents the
 carrying value of residential mortgages and loans to Bank
 clients.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="54%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="12"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="12"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10" align="center"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="10" align="center">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Insured</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Uninsured</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Total</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">Insured</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">Uninsured</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">Total</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Residential mortgages</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Performing</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;7,256</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;11,310</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;18,566</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">7,574</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">10,050</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">17,624</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 <font style="WHITE-SPACE: nowrap">Non-performing</font><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>4</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>9</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>13</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">19</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Loans to Bank clients</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Performing</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>n/a</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,734</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,734</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">n/a</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,743</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,743</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 <font style="WHITE-SPACE: nowrap">Non-performing</font><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>n/a</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">n/a</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">2</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">2</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>7,260</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>13,056</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>20,316</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">7,580</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">11,808</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">19,388</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left"><font style="WHITE-SPACE: nowrap">Non-performing</font> refers to assets that
 are 90 days or more past due if uninsured and 365 days or more if
 insured.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AnalysisOfFinancialAssetsThatAreIndividuallyDeterminedToBeImpaired">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Analysis of financial assets that are individually determined to be impaired, including the factors that the entity considered when determining that they are impaired. [Refer: Financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-02&amp;anchor=para_37_b&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AnalysisOfFinancialAssetsThatAreIndividuallyDeterminedToBeImpaired</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfCreditRiskExposureExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of the credit risk exposure. Credit risk exposure is the credit risk inherent in an entity&#8217;s financial assets and commitments to extend credit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 35M<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_35M&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfCreditRiskExposureExplanatory</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of financial assets that are either past due or impaired. [Refer: Financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-02&amp;anchor=para_37&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedExplanatory</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of information about credit exposures designated as measured at fair value through profit or loss.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 24G<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_24G&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossExplanatory</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of information that enables users of financial statements to evaluate the nature and extent of risks arising from financial instruments to which the entity is exposed. [Refer: Financial instruments, class [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 31<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_31&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsExplanatory</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of the net and gross amounts and the reinsurer's share for amounts arising from insurance contracts. [Refer: Types of insurance contracts [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Section Disclosure<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=sect_Disclosure&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfNetGrossAndReinsurersShareForAmountsArisingFromInsuranceContractsExplanatory</td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfOffsettingOfFinancialAssetsAndFinancialLiabilitiesExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of the offsetting of financial assets and financial liabilities. [Refer: Financial assets; Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Section Offsetting financial assets and financial liabilities<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=F17296467&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfOffsettingOfFinancialAssetsAndFinancialLiabilitiesExplanatory</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of the offsetting of financial liabilities. [Refer: Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 13C<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_13C&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of debt securities and private placements portfolio by sector and industry.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of reconciliation of changes in allowance account for credit losses of financial assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of residential mortgages and loan to bank clients.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Summary of credit quality and carrying value of commercial mortgages and private placements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6887875088">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Long-Term Debt (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TextBlock1Abstract', window );"><strong>Text block1 [abstract]</strong></a></td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory', window );">Summary of Carrying Value of Long Term Debt Instruments</a></td>
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 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(a)
 Carrying value of long-term debt instruments</b></font></font></p>
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 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
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 &#xA0;</td>
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 date</td>
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 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 Maturity date</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
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 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 4.70% Senior notes<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1),(3)</sup></p>
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 <td valign="bottom">&#xA0;</td>
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 5.375% Senior notes<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2),(3)</sup></p>
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 <td valign="bottom">&#xA0;</td>
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 <td valign="bottom">&#xA0;&#xA0;</td>
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 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">
 US$&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;750</td>
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 3.527% Senior notes<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2),(3)</sup></p>
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 <td valign="bottom">&#xA0;</td>
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 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">December&#xA0;2, 2026</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">
 US$&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;270</td>
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 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
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 <b>&#xA0;</b></td>
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 4.150% Senior notes<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2),(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">March&#xA0;4, 2016</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
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 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">US$&#xA0;&#xA0;1,000</td>
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 <b>&#xA0;</b></td>
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 4.90% Senior notes<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2),(3)</sup></p>
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 <td valign="bottom">&#xA0;&#xA0;</td>
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 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
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 US$&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;500</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
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 <b>&#xA0;</b></td>
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 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 7.768% Medium-term notes<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">April&#xA0;8, 2009</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">April&#xA0;8, 2019</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">
 $&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;600</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">599</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 5.505% Medium-term notes<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">June&#xA0;26, 2008</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">June&#xA0;26, 2018</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">
 $&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;400</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>400</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">400</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other notes payable<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 n/a</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 n/a</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">n/a</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">7</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;4,785</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;5,696</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">MFC may redeem the notes in whole,
 but not in part, on June&#xA0;23, 2021 and thereafter on every
 June&#xA0;23, at a redemption price equal to par, together with
 accrued and unpaid interest.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">MFC may redeem the senior notes in
 whole or in part, at any time, at a redemption price equal to the
 greater of par and a price based on the yield of a corresponding
 U.S. Treasury bond plus a specified number of basis points. The
 specified number of basis points is as follows: 5.375% &#x2013; 40
 bps, 3.527% &#x2013; 20 bps, 4.150% &#x2013; 35 bps, and 4.90%
 &#x2013; 35 bps.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">These U.S. dollar senior notes have
 been designated as hedges of the Company&#x2019;s net investment in
 its U.S. operations which reduces the earnings volatility that
 would otherwise arise from the <font style="WHITE-SPACE: nowrap">re-measurement</font> of these senior notes
 into Canadian dollars.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></td>
 <td valign="top" align="left">On October&#xA0;6, 2017, MFC
 redeemed, prior to maturity, all of its outstanding 7.768% medium
 term notes due April&#xA0;8, 2019. The early redemption premium of
 $44 before income taxes was recorded as interest expense.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></td>
 <td valign="top" align="left">MFC may redeem the medium-term notes
 in whole or in part, at any time, at a redemption price equal to
 the greater of par and a price based on the yield of a
 corresponding Government of Canada bond plus 39 basis points.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></td>
 <td valign="top" align="left">Other notes payable were
 substantially repaid during the year.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfMaturitiesOfLongtermDebtExplanatory', window );">Aggregate Maturities of Long-term Debt</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(c)
 Aggregate maturities of long-term debt</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="78%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Less than one year</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>401</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">7</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 One to two years</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">400</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Two to three years</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>626</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">599</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Three to four years</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">669</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Four to five years</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Greater than five years</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,758</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">4,021</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;4,785</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;5,696</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of detailed information about borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 7<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfMaturitiesOfLongtermDebtExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of maturities of long-term debt.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfMaturitiesOfLongtermDebtExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6891930528">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Capital Instruments (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TextBlock1Abstract', window );"><strong>Text block1 [abstract]</strong></a></td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCapitalInstrumentsExplanatory', window );">Schedule of Carrying Value of Capital Instruments</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(a)
 Carrying value of capital instruments</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
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 <tr>
 <td width="35%"></td>
 <td valign="bottom"></td>
 <td></td>
 <td valign="bottom"></td>
 <td></td>
 <td valign="bottom"></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
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 <td height="5" colspan="2"></td>
 <td height="5" colspan="2"></td>
 <td height="5" colspan="2"></td>
 <td height="5" colspan="4"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 Issuance date</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 Earliest par redemption<br />
 date</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 Maturity date</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Par value</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 4.165% MLI Subordinated debentures<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">February&#xA0;17, 2012</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">June&#xA0;1, 2017</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">June&#xA0;1, 2022</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">$&#xA0;&#xA0;&#xA0;&#xA0;500</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">499</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 3.938% MLI Subordinated debentures<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">September&#xA0;21,&#xA0;2012</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">September&#xA0;21,&#xA0;2017</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">September&#xA0;21,&#xA0;2022</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">$&#xA0;&#xA0;&#xA0;&#xA0;400</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">407</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 2.819% MLI Subordinated debentures<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">February&#xA0;25, 2013</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">February&#xA0;26, 2018</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">February&#xA0;26, 2023</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">$&#xA0;&#xA0;&#xA0;&#xA0;200</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>200</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">200</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 2.926% MLI Subordinated debentures<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">November&#xA0;29, 2013</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">November&#xA0;29, 2018</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">November&#xA0;29, 2023</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">$&#xA0;&#xA0;&#xA0;&#xA0;250</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>250</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">249</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 2.811% MLI Subordinated debentures<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">February&#xA0;21, 2014</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">February&#xA0;21, 2019</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">February&#xA0;21, 2024</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">$&#xA0;&#xA0;&#xA0;&#xA0;500</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>499</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">499</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 7.535% MFCT II Senior debenture notes<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">July&#xA0;10, 2009</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">December&#xA0;31, 2019</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">December&#xA0;31, 2108</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">$&#xA0;1,000</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,000</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,000</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 2.64% MLI Subordinated debentures<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">December&#xA0;1, 2014</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">January&#xA0;15, 2020</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">January&#xA0;15, 2025</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">$&#xA0;&#xA0;&#xA0;&#xA0;500</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>499</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">499</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 2.10% MLI Subordinated debentures<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">March&#xA0;10, 2015</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">June&#xA0;1, 2020</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">June&#xA0;1, 2025</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">$&#xA0;&#xA0;&#xA0;&#xA0;750</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>748</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">747</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 2.389% MLI Subordinated debentures<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">June&#xA0;1, 2015</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">January&#xA0;5, 2021</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">January&#xA0;5, 2026</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">$&#xA0;&#xA0;&#xA0;&#xA0;350</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>349</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">349</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 3.85% MFC Subordinated notes<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">May&#xA0;25, 2016</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">May&#xA0;25, 2021</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">May&#xA0;25, 2026</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">
 S$&#xA0;&#xA0;&#xA0;&#xA0;500</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>467</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">461</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 3.181% MLI Subordinated debentures<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">November&#xA0;20, 2015</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">November&#xA0;22, 2022</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">November&#xA0;22, 2027</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">$&#xA0;1,000</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>996</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">996</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 3.049% MFC Subordinated debentures<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">August&#xA0;18, 2017</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">August&#xA0;20, 2024</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">August&#xA0;20, 2029</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">$&#xA0;&#xA0;&#xA0;&#xA0;750</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>746</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 3.00% MFC Subordinated notes<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">November&#xA0;21, 2017</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">November&#xA0;21, 2024</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">November&#xA0;21, 2024</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">
 S$&#xA0;&#xA0;&#xA0;&#xA0;500</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>467</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 4.061% MFC Subordinated notes<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(7)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">February&#xA0;24, 2017</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">February&#xA0;24, 2027</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">February&#xA0;24, 2032</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">
 US$&#xA0;&#xA0;&#xA0;&#xA0;750</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>935</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 7.375% JHUSA Surplus notes<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(8)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">February&#xA0;25, 1994</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">n/a</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">February&#xA0;15, 2024</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">
 US$&#xA0;&#xA0;&#xA0;&#xA0;450</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>584</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">627</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 JHFC Subordinated notes<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(9)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 December&#xA0;14, 2006</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 n/a</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 December&#xA0;15, 2036</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">$&#xA0;&#xA0;&#xA0;&#xA0;650</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>647</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">647</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;8,387</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;7,180</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="2%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">MLI redeemed in full the 4.165%
 subordinated debentures at par, on June&#xA0;1, 2017, the earliest
 par redemption date.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="2%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">MLI redeemed in full the 3.938%
 subordinated debentures, originally issued by Standard Life
 Assurance Company of Canada at par, on September&#xA0;21, 2017, the
 earliest par redemption date.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="2%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">Interest is fixed for the period up
 to the earliest par redemption date, thereafter the interest rate
 will reset to a floating rate equal to the <font style="WHITE-SPACE: nowrap">90-day</font> Bankers&#x2019; Acceptance rate
 plus a specified number of basis points and is payable quarterly.
 The specified number of basis points is as follows: 2.819% &#x2013;
 95 bps, 2.926% &#x2013; 85 bps, 2.811% &#x2013; 80 bps, 2.64% &#x2013;
 73 bps, 2.10% &#x2013; 72 bps, 2.389% &#x2013; 83 bps, 3.181% &#x2013;
 157 bps. With regulatory approval, MLI may redeem the debentures,
 in whole or in part, on or after the earliest par redemption date,
 at a redemption price equal to par, together with accrued and
 unpaid interest.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="2%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></td>
 <td valign="top" align="left">Issued by MLI to Manulife Financial
 Capital Trust II (MFCT II), a wholly owned unconsolidated related
 party to the Company. On the earliest par redemption date and on
 every fifth anniversary thereafter (each, a &#x201C;Interest Reset
 Date&#x201D;), the rate of interest will reset to equal the yield on
 <font style="WHITE-SPACE: nowrap">5-year</font> Government of
 Canada bonds plus 5.2%. With regulatory approval, MLI may redeem
 the debentures, in whole or in part, on the earliest par redemption
 date and on any Interest Reset Date, at a redemption price equal to
 par, together with accrued and unpaid interest. The redemption
 price for the debentures redeemed on any day that is not an
 Interest Reset Date will be equal to the greater of par or the fair
 value of the debt based on the yield on uncallable Government of
 Canada bonds to the next Interest Reset Date plus (a) 1.0325% if
 the redemption date is on or after December&#xA0;31, 2014, but
 prior to December&#xA0;31, 2019, or (b) 2.065% if the redemption
 date is after December&#xA0;31, 2019, together with accrued and
 unpaid interest. Refer to note&#xA0;17.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="2%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></td>
 <td valign="top" align="left">On the earliest par redemption date,
 the interest rate will reset to equal the <font style="WHITE-SPACE: nowrap">5-year</font> Singapore Dollar Swap Rate plus
 a specified number of basis points. The specified number of basis
 points is as follows: 3.85% &#x2013; 197 bps, 3.00% &#x2013; 83.2
 bps. With regulatory approval, MFC may redeem the debentures, in
 whole, but not in part, on the earliest par redemption date and
 thereafter on each interest payment date, at a redemption price
 equal to par, together with accrued and unpaid interest.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="2%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></td>
 <td valign="top" align="left">Interest is fixed for the period up
 to the earliest par redemption date, thereafter, the interest rate
 will reset to a floating rate equal to the <font style="WHITE-SPACE: nowrap">90-day</font> Bankers&#x2019; Acceptance rate
 plus 105 basis points. With regulatory approval, MFC may redeem the
 debentures, in whole or in part, on or after the earliest par
 redemption date, at a redemption price equal to par, together with
 accrued and unpaid interest.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="2%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(7)</sup></td>
 <td valign="top" align="left">On the earliest par redemption date,
 the interest rate will reset to equal the <font style="WHITE-SPACE: nowrap">5-Year</font> US&#xA0;Dollar <font style="WHITE-SPACE: nowrap">Mid-Swap</font> Rate plus 1.647%. With
 regulatory approval, MFC may redeem the debentures, in whole, but
 not in part, on the earliest par redemption date, at a redemption
 price equal to par, together with accrued and unpaid interest.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="2%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(8)</sup></td>
 <td valign="top" align="left">Issued by John Hancock Mutual Life
 Insurance Company, now John Hancock Life Insurance Company
 (U.S.A.). Any payment of interest or principal on the surplus notes
 requires prior approval from the Department of Insurance and
 Financial Services of the State of Michigan. The carrying value of
 the surplus notes reflects an unamortized fair value increment of
 US$23 (2016 &#x2013; US$26), which arose as a result of the
 acquisition of John Hancock Financial Services, Inc. The
 amortization of the fair value adjustment is recorded in interest
 expense.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="2%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(9)</sup></td>
 <td valign="top" align="left">Issued by Manulife Holdings
 (Delaware) LLC (&#x201C;MHDLL&#x201D;), now John Hancock Financial
 Corporation (&#x201C;JHFC&#x201D;), a wholly owned subsidiary of MFC,
 to Manulife Finance (Delaware) LLC (&#x201C;MFLLC&#x201D;), a
 subsidiary of Manulife Finance (Delaware) L.P.
 (&#x201C;MFLP&#x201D;). MFLP and its subsidiaries are wholly owned
 unconsolidated related parties to the Company. The note bears
 interest at a floating rate equal to the <font style="WHITE-SPACE: nowrap">90-day</font> Bankers&#x2019; Acceptance rate
 plus 0.72%. With regulatory approval, JHFC may redeem the note, in
 whole or in part, at any time, at par, together with accrued and
 unpaid interest. Refer to note&#xA0;17.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
</table>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of capital instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Text block1 [abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<head>
<title></title>
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<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6935397808">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Share Capital and Earnings Per Share (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfFurtherInformationOnPreferredSharesOutstandingExplanatory', window );">Summary of Additional Information on Preferred Shares Outstanding</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The following table presents
 additional information on the preferred shares outstanding as at
 December&#xA0;31, 2017.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="38%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Issue date</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Annual<br />
 dividend<br />
 rate<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Earliest redemption<br />
 date<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Number&#xA0;of<br />
 shares</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(in&#xA0;millions)</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Face<br />
 amount</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Net<br />
 amount<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Class&#xA0;A preferred shares</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 2</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">February&#xA0;18,&#xA0;2005</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.65%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">n/a</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">14</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">350</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>344</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 3</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">January&#xA0;3, 2006</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.50%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">n/a</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">300</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>294</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Class&#xA0;1 preferred shares</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 3<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4),(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">March&#xA0;11, 2011</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2.178%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">June&#xA0;19, 2021</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">158</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>155</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 4</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">June&#xA0;20, 2016</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">floating</td>
 <td valign="bottom" nowrap="nowrap"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup>&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">n/a</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">42</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>41</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 5<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4),(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">December&#xA0;6,&#xA0;2011</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3.891%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">December&#xA0;19, 2021</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">8</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">200</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>195</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 7<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4),(5),(7)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">February&#xA0;22, 2012</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.312%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">March&#xA0;19, 2022</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">250</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>244</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 9<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4),(5),(8)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">May&#xA0;24, 2012</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.351%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">September&#xA0;19, 2022</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">250</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>244</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 11<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4),(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">December&#xA0;4, 2012</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.00%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">March&#xA0;19, 2018</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">8</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">200</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>196</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 13<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4),(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">June&#xA0;21, 2013</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3.80%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">September&#xA0;19,&#xA0;2018</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">8</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">200</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>196</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 15<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4),(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">February&#xA0;25, 2014</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3.90%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">June&#xA0;19, 2019</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">8</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">200</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>195</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 17<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4),(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">August&#xA0;15, 2014</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3.90%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">December&#xA0;19, 2019</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">14</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">350</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>343</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 19<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4),(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">December&#xA0;3, 2014</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3.80%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">March&#xA0;19, 2020</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">250</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>246</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 21<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4),(5)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">February&#xA0;25, 2016</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5.60%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">June&#xA0;19, 2021</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">17</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">425</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>417</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Series 23<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4),(5)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">November&#xA0;22,&#xA0;2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">4.85%</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">March&#xA0;19, 2022</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">19</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">475</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>467</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">146</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;3,650</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;3,577</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">Holders of Class&#xA0;A and
 Class&#xA0;1 preferred shares are entitled to receive <font style="WHITE-SPACE: nowrap">non-cumulative</font> preferential cash
 dividends on a quarterly basis, as and when declared by the Board
 of Directors.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">Redemption of all preferred shares is
 subject to regulatory approval. With the exception of Class&#xA0;A
 Series 2, Class&#xA0;A Series 3 and Class&#xA0;1 Series 4 preferred
 shares, MFC may redeem each series, in whole or in part, at par, on
 the earliest redemption date or every five years thereafter.
 Class&#xA0;A Series 2 and Series 3 preferred shares are past their
 respective earliest redemption date and MFC may redeem these
 shares, in whole or in part, at par at any time, subject to
 regulatory approval, as noted. MFC may redeem the Class&#xA0;1
 Series 4, in whole or in part, at any time, at $25.00 per share if
 redeemed on June&#xA0;19, 2021 and on June&#xA0;19 every five years
 thereafter, or at $25.50 per share if redeemed on any other date
 after June&#xA0;19, 2016, subject to regulatory approval, as
 noted.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">Net of <font style="WHITE-SPACE: nowrap">after-tax</font> issuance costs.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></td>
 <td valign="top" align="left">On the earliest redemption date and
 every five years thereafter, the annual dividend rate will be reset
 to the five year Government of Canada bond yield plus a yield
 specified for each series. The specified yield for Class&#xA0;1
 shares is: Series 3 &#x2013; 1.41%, Series 5 &#x2013; 2.90%, Series 7
 &#x2013; 3.13%, Series 9 &#x2013; 2.86%, Series 11 &#x2013; 2.61%,
 Series&#xA0;13&#xA0;&#x2013;&#xA0;2.22%, Series 15 &#x2013; 2.16%,
 Series 17 &#x2013; 2.36%, Series 19 &#x2013; 2.30%, Series 21 &#x2013;
 4.97% and Series 23 &#x2013; 3.83%.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></td>
 <td valign="top" align="left">On the earliest redemption date and
 every five years thereafter, Class&#xA0;1 preferred shares are
 convertible at the option of the holder into a new series that is
 one number higher than their existing series, and the holders are
 entitled to <font style="WHITE-SPACE: nowrap">non-cumulative</font>
 preferential cash dividends, payable quarterly if and when declared
 by the Board of Directors, at a rate equal to the three month
 Government of Canada Treasury bill yield plus the rate specified in
 footnote 4 above.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></td>
 <td valign="top" align="left">The floating dividend rate for the
 Class&#xA0;1 Shares Series 4 will equal the three month Government
 of Canada Treasury bill yield plus 1.41%.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(7)</sup></td>
 <td valign="top" align="left">MFC did not exercise its right to
 redeem all or any of the outstanding Class&#xA0;1 Shares Series 7
 on March&#xA0;19, 2017 (the earliest redemption date). Dividend
 rate for Class&#xA0;1 Shares Series 7 was reset as specified in
 footnote 4 above to an annual fixed rate of 4.312% for a five year
 period commencing on March&#xA0;20, 2017.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(8)</sup></td>
 <td valign="top" align="left">MFC did not exercise its right to
 redeem all or any of the outstanding Class&#xA0;1 Shares Series 9
 on September&#xA0;19, 2017 (the earliest redemption date). Dividend
 rate for Class&#xA0;1 Shares Series 9 was reset as specified in
 footnote 4 above to an annual fixed rate of 4.351% for a five year
 period commencing on September&#xA0;20, 2017.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EarningsPerShareExplanatory', window );">Summary of Basic and Diluted Earnings Per Common Share</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The following table presents basic
 and diluted earnings per common share of the Company.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="78%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Basic earnings per common share</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>0.98</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">1.42</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Diluted earnings per common share</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>0.98</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">1.41</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfReconciliationOfNumberOfSharesOutstandingExplanatory', window );">Summary of Reconciliation of Denominator (Number of Shares) in Calculation of Basic and Diluted Earnings Per Share</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The following is a reconciliation of the denominator (number of
 shares) in the calculation of basic and diluted earnings per
 share.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="78%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Weighted average number of common shares (in millions)</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,978</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,973</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Dilutive stock-based awards<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup>&#xA0;(in
 millions)</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>8</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">4</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Weighted average number of diluted common shares (in
 millions)</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,986</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">1,977</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 4pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">The dilutive effect of stock-based
 awards was calculated using the treasury stock method. This method
 calculates the number of incremental shares by assuming the
 outstanding stock-based awards are (i)&#xA0;exercised and
 (ii)&#xA0;then reduced by the number of shares assumed to be
 repurchased from the issuance proceeds, using the average market
 price of MFC common shares for the year. Excluded from the
 calculation was a weighted average of 2&#xA0;million (2016 &#x2013;
 14 million) anti-dilutive stock-based awards.</td>
 </tr>
 </table>


 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDividendsPaidExplanatory', window );">Summary of Dividends Payable on Non-cumulative Preferred Shares</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The Board also declared dividends
 on the following <font style="WHITE-SPACE: nowrap">non-cumulative</font> preferred shares,
 payable on or after March&#xA0;19, 2018 to shareholders of record
 at the close of business on February&#xA0;21, 2018.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="51%"></td>
 <td valign="bottom"></td>
 <td width="48%"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Class&#xA0;A Shares Series 2&#xA0;&#x2013;&#xA0;$0.29063 per
 share</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">Class&#xA0;1 Shares Series
 11&#xA0;&#x2013;&#xA0;$0.25 per share</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Class&#xA0;A Shares Series 3&#xA0;&#x2013;&#xA0;$0.28125 per
 share</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">Class&#xA0;1 Shares Series
 13&#xA0;&#x2013;&#xA0;$0.2375 per share</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Class&#xA0;1 Shares Series 3&#xA0;&#x2013;&#xA0;$0.136125 per
 share</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">Class&#xA0;1 Shares Series
 15&#xA0;&#x2013;&#xA0;$0.24375 per share</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Class&#xA0;1 Shares Series 4&#xA0;&#x2013;&#xA0;$0.141103 per
 share</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">Class&#xA0;1 Shares Series
 17&#xA0;&#x2013;&#xA0;$0.24375 per share</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Class&#xA0;1 Shares Series 5&#xA0;&#x2013;&#xA0;$0.243188 per
 share</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">Class&#xA0;1 Shares Series
 19&#xA0;&#x2013;&#xA0;$0.2375 per share</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Class&#xA0;1 Shares Series 7&#xA0;&#x2013;&#xA0;$0.2695 per
 share</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">Class&#xA0;1 Shares Series
 21&#xA0;&#x2013;&#xA0;$0.35 per share</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Class&#xA0;1 Shares Series 9&#xA0;&#x2013;&#xA0;$0.271938 per
 share</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 Class&#xA0;1 Shares Series 23&#xA0;&#x2013;&#xA0;$0.303125 per
 share</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_PreferenceSharesMember', window );">Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory', window );">Summary of Changes in Issued and Outstanding Shares</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The changes in issued and
 outstanding preferred shares are as follows.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="62%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="8"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="8"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"><b>2017</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6" align="center">2016</td>
 <td valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Number&#xA0;of<br />
 shares</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(in&#xA0;millions)</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Amount</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Number&#xA0;of<br />
 shares</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(in&#xA0;millions)</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Amount</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Balance, January&#xA0;1</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>146</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;3,577</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">110</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;2,693</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Issued, Class&#xA0;1 shares, Series 21</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">17</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">425</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Converted, Class&#xA0;1 shares, Series 3</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(42</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Issued, Class&#xA0;1 shares, Series 4</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">42</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Issued, Class&#xA0;1 shares, Series 23</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">19</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">475</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Issuance costs, net of tax</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(16</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Balance, December&#xA0;31</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>146</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,577</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">146</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">3,577</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember', window );">Common shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory', window );">Summary of Changes in Issued and Outstanding Shares</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The changes in common shares
 issued and outstanding are as follows.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="61%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="8"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="8"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"><b>2017</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6" align="center">2016</td>
 <td valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Number&#xA0;of<br />
 shares</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(in&#xA0;millions)</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Amount</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Number&#xA0;of<br />
 shares</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(in&#xA0;millions)</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Amount</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Balance, January&#xA0;1</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,975</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>22,865</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,972</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">22,799</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Issued on exercise of stock options and deferred share units</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>7</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>124</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">3</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">66</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,982</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;22,989</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">1,975</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;22,865</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of classes of share capital. [Refer: Share capital [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 79<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_79_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EarningsPerShareExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of earnings per share.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2017-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2017-03-01&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EarningsPerShareExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfDividendsPaidExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of dividends paid.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfDividendsPaidExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfFurtherInformationOnPreferredSharesOutstandingExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of further information on preferred shares outstanding.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfFurtherInformationOnPreferredSharesOutstandingExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfReconciliationOfNumberOfSharesOutstandingExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of reconciliation of number of shares outstanding.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfReconciliationOfNumberOfSharesOutstandingExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_PreferenceSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_PreferenceSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>72
<FILENAME>R43.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6888033904">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Capital Management (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TextBlock1Abstract', window );"><strong>Text block1 [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfConsolidatedCapitalInComplianceWithMinimumContinuingCapitalAndSurplusRequirementExplanatory', window );">Schedule of Consolidated Capital</a></td>
<td class="text"><div>
 <p style="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>Consolidated capital</b></font></font></p>
 <p style="font-size:6pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center">
 <tr>
 <td width="78%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="font-size:1pt">
 <td height="5"></td>
 <td height="5" colspan="4" bgcolor="#DDE0DA"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>2017</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">2016</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style="margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Total equity</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>&#xA0;&#xA0;42,163</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;42,823</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Adjusted for AOCI loss on cash flow hedges</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(109</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">(232</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Total equity excluding AOCI on cash flow hedges</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>42,272</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">43,055</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Qualifying capital instruments</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>8,387</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">7,180</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Total capital</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>50,659</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">50,235</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfConsolidatedCapitalInComplianceWithMinimumContinuingCapitalAndSurplusRequirementExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of consolidated capital in compliance with minimum continuing capital and surplus requirement (MCCSR).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfConsolidatedCapitalInComplianceWithMinimumContinuingCapitalAndSurplusRequirementExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_TextBlock1Abstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Text block1 [abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_TextBlock1Abstract</td>
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<td><strong> Period Type:</strong></td>
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</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>73
<FILENAME>R44.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6891262368">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Stock-Based Compensation (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TextBlock1Abstract', window );"><strong>Text block1 [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory', window );">Schedule of Options Outstanding</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Options
 outstanding</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="58%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"><b>2017</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">2016</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Number&#xA0;of<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">options</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(in&#xA0;millions</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 )&#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Weighted<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">average</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">exercise</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">price</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">Number&#xA0;of<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">options</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(in&#xA0;millions</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 )&#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">Weighted<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">average</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">exercise</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">price</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Outstanding, January&#xA0;1</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>30</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;19.80</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">30</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;20.72</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Granted</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>4</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>24.56</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">17.65</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Exercised</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(7</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16.03</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(3</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">15.49</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Expired</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>39.47</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">32.92</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Forfeited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>20.86</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(1
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">21.04
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Outstanding, December&#xA0;31</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>25</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>20.45</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">30
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">19.80
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Exercisable, December&#xA0;31</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>12</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>19.93</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">18
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">20.15
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory', window );">Schedule of Range of Exercise Prices of Outstanding Share Options</a></td>
<td class="text"><div>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="43%"></td>
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 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Options outstanding</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Options exercisable</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2017</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Number&#xA0;of<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">options</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(in&#xA0;millions</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 )&#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Weighted<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">average</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">exercise</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">price</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Weighted<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">average</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">remaining</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">contractual</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">life</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(in&#xA0;years)</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Number&#xA0;of<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">options</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(in&#xA0;millions</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 )&#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Weighted<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">average</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">exercise</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">price</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right">Weighted<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">average</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">remaining</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">contractual</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">life</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(in&#xA0;years)</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">&#xA0;<br />
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 $11.23&#xA0;&#x2013;&#xA0;$20.99</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>14</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;17.08</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4.91</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>9</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;16.78</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3.05</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 $21.00&#xA0;&#x2013;&#xA0;$29.99</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>10</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>22.77</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6.88</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>21.40</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3.77</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 $30.00&#xA0;&#x2013;&#xA0;$37.71</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>37.71</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>0.14</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>37.71</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>0.14</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>25</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>20.45</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>5.44</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>12</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>19.93</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2.87</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfNumberOfDeferredShareUnitsOutstandingExplanatory', window );">Schedule of Deferred Share Units</a></td>
<td class="text"><div>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="78%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Number of DSUs (in thousands)</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><b>2017</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">2016</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Outstanding, January&#xA0;1</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,682</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,542</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Issued</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>156</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">254</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Reinvested</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>88</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">97</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Redeemed</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(279</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(184</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Forfeitures and cancellations</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(27
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Outstanding, December&#xA0;31</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,645</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">&#xA0;
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 &#xA0;&#xA0;</td>
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 &#xA0;&#xA0;</td>
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 Ending balance prior year</p>
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 <b>&#xA0;</b></td>
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 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Current service cost</p>
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 Past service cost</p>
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 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
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 <td valign="bottom"></td>
 <td valign="bottom"></td>
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 <b>&#xA0;</b></td>
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 Interest cost</p>
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 <b>&#xA0;</b></td>
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 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
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 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
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 Plan participants&#x2019; contributions</p>
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 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
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 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
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 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
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 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Actuarial losses (gains) due to:</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Experience</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>15</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>(9</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2</td>
 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Demographic assumption changes</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(94</td>
 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(16</td>
 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Economic assumption changes</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>214</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">116</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>41</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">20</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Benefits paid</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>(315</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(314</td>
 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>(45</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(50</td>
 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Impact of changes in foreign exchange rates</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(206</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">(99</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(35</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">(17</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Defined benefit obligation, December&#xA0;31</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;4,706</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">&#xA0;&#xA0;4,767</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;665</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">&#xA0;&#xA0;682</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 </tr>
 </table>
 <p style="font-size:1px;margin-top:12px;margin-bottom:0px">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center">
 <tr>
 <td width="77%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c">Pension plans</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td colspan="2" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c">
 Retiree&#xA0;welfare&#xA0;plans</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>2017</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">2016</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td colspan="2" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>2017</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">2016</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Change in plan assets:</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Fair value of plan assets, ending balance prior year</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>&#xA0;&#xA0;4,277</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">4,122</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>603</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">635</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Plan mergers<sup style="font-size:85%; vertical-align:top">(1)</sup></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">129</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Interest income</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>164</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">169</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>23</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">25</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Employer contributions</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>85</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">106</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>12</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Plan participants&#x2019; contributions</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>1</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>4</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Benefits paid</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>(315</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(314</td>
 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>(45</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(50</td>
 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Administration costs</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>(5</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(7</td>
 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>(2</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2</td>
 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Actuarial gains (losses)</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>312</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">158</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>30</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">8</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Impact of changes in foreign exchange rates</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(191</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">(87</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(38</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">(18</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Fair value of plan assets, December&#xA0;31</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;4,328</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">&#xA0;&#xA0;4,277</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;587</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">&#xA0;&#xA0;603</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 </tr>
 </table>
 <p style="font-size:2pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%">
 <tr style="page-break-inside:avoid">
 <td width="1%" valign="top" align="left"><sup style="font-size:85%; vertical-align:top">(1)</sup></td>
 <td align="left" valign="top">In Canada, two smaller pension plans
 were merged into the primary Manulife pension plan in 2016. Amounts
 shown represent the value of the defined benefit obligations and
 assets transferred from the smaller plans into the primary Manulife
 plan.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory', window );">Summary of Amounts Recognized in Consolidated Statements of Financial Position</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(d)
 Amounts recognized in the Consolidated Statements of Financial
 Position</b></font></font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="77%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6" align="center">Pension plans</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6" align="center">Retiree welfare plans</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Development of net defined benefit liability</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Defined benefit obligation</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;4,706</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;4,767</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">
 <b>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;665</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;&#xA0;&#xA0;$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;682</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Fair value of plan assets</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,328</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">4,277</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>587</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">603</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Deficit</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>378</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">490</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>78</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">79</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Effect of asset limit<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Deficit and net defined benefit liability</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>378</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">490</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>78</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">79</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Deficit is comprised of:</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Funded or partially funded plans</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(383</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(292</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(72</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(63</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Unfunded plans</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>761</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">782</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>150</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">142</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Deficit and net defined benefit liability</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>378</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">490</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>78</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;&#xA0;&#xA0;$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">79</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">No reconciliation has been provided
 for the effect of the asset limit since there was no effect in
 either year. For the funded pension plans, the present value of the
 economic benefits available in the form of reductions in future
 contributions to the plans is significantly greater than the
 surplus that would be expected to develop.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansExplanatory', window );">Summary of Disaggregation of Defined Benefit Obligation</a></td>
<td class="text"><div>
 <p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>(e)
 Disaggregation of defined benefit obligation</b></font></font></p>
 <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" align="center">
 <tr>
 <td width="37%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="14" align="center" style="BORDER-BOTTOM:1px solid #1f320c"><b>U.S. plans</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td colspan="2" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="14" align="center" style="BORDER-BOTTOM:1px solid #1f320c"><b>Canadian plans</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c">Pension plans</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c">
 Retiree&#xA0;welfare&#xA0;plans</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td colspan="2" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c">Pension plans</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c">
 Retiree&#xA0;welfare&#xA0;plans</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>2017</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">2016</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>2017</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">2016</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td colspan="2" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>2017</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">2016</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>2017</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">2016</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Active members</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>592</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">637</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>34</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">38</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>393</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">403</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>20</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">20</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Inactive and retired members</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>2,434</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">2,528</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>481</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">502</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>1,287</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">1,199</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>130</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">122</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:2.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Total</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;3,026</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">&#xA0;&#xA0;3,165</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;515</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">&#xA0;&#xA0;540</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;1,680</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">&#xA0;&#xA0;1,602</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;150</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">&#xA0;&#xA0;142</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory', window );">Summary of Major Categories of Plan Assets and Actual Per Cent Allocation to Each Category</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>(f) Fair value measurements</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 The major categories of plan assets and the actual per cent
 allocation to each category are as follows.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="39%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="16"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="16"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="14" align="center"><b>U.S.
 plans<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="14" align="center"><b>Canadian
 plans<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center">Pension
 plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center">Retiree
 welfare plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center">Pension
 plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" nowrap="nowrap" align="center">Retiree&#xA0;welfare&#xA0;plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Fair&#xA0;value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 %&#xA0;of&#xA0;total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Fair&#xA0;value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 %&#xA0;of&#xA0;total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" colspan="2">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Fair&#xA0;value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 %&#xA0;of&#xA0;total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 Fair&#xA0;value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 %&#xA0;of&#xA0;total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Cash and cash equivalents</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>33</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>33</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>6%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>5</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity securities<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>695</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>24%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>45</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>8%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>212</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>15%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Debt securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,979</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>67%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>502</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>85%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,165</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>84%</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other investments<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>235</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>8%</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>7</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1%</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>0%</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;2,942</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>100%</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>587</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>100%</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;1,386</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>100%</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="14" align="center"><b>U.S. plans<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="14" align="center"><b>Canadian plans<sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">Pension plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">Retiree welfare plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">Pension plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" nowrap="nowrap" align="center">
 Retiree&#xA0;welfare&#xA0;plans</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Fair&#xA0;value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">%&#xA0;of&#xA0;total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Fair&#xA0;value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">%&#xA0;of&#xA0;total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Fair&#xA0;value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">%&#xA0;of&#xA0;total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">Fair&#xA0;value</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">%&#xA0;of&#xA0;total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Cash and cash equivalents</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">15</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">19</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">21</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity securities<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">825</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">28%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">150</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">25%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">460</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">34%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Debt securities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,834</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">62%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">427</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">71%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">809</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">60%</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other investments<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">259</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">9%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">7</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">54</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">4%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">2,933</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">100%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;603</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">100%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">1,344</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">100%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">$</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right">&#xA0;&#xA0;&#xA0;&#xA0;&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">All the U.S. pension and retiree
 welfare plan assets have daily quoted prices in active markets,
 except for the private equity, timber and agriculture assets. In
 the aggregate, the latter assets represent approximately 6% of all
 U.S. pension and retiree welfare plan assets as at
 December&#xA0;31, 2017 (2016 &#x2013; 6%).</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">All the Canadian pension plan assets
 have daily quoted prices in active markets, except for the group
 annuity contract assets that represent approximately 0.3% of all
 Canadian pension plan assets as at December&#xA0;31, 2017 (2016
 &#x2013; 3%, including real estate and mortgage assets that were
 sold in 2017).</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">Equity securities include direct
 investments in MFC common shares of $1.3 (2016 &#x2013; $1.1) in the
 U.S. retiree welfare plan and $nil (2016 &#x2013; $nil) in
 Canada.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(4)</sup></td>
 <td valign="top" align="left">Other U.S. plan assets include
 investment in private equity, timberland and agriculture, and
 managed futures in 2017. Other Canadian pension plan assets include
 investment in the group annuity contract.</td>
 </tr>
 </table>


 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfComponentsOfNetBenefitCostForPensionPlansAndRetireeWelfarePlansExplanatory', window );">Summary of Components of Net Benefit Cost for Pension Plans and Retiree Welfare Plans</a></td>
<td class="text"><div>
 <p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>(g) Net
 benefit cost recognized in the Consolidated Statements of
 Income</b></font></font></p>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Components of the net benefit cost
 for the pension plans and retiree welfare plans were as
 follows.</font></p>
 <p style="font-size:6pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center">
 <tr>
 <td width="62%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c">Pension plans</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td colspan="2" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c">
 Retiree&#xA0;welfare&#xA0;plans</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>2017</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">2016</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td colspan="2" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>2017</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">2016</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Defined benefit current service cost<sup style="font-size:85%; vertical-align:top">(1)</sup></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>48</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">52</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>1</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">1</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Defined benefit administrative expenses</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>5</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">7</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>2</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Past service cost&#xA0;&#x2013;&#xA0;plan amendments<sup style="font-size:85%; vertical-align:top">(2)</sup></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right">
 <b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">(57</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right">
 <b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Service cost</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>53</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>3</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Interest on net defined benefit (asset) liability<sup style="font-size:85%; vertical-align:top">(1)</sup></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>18</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">27</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>3</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">3</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Defined benefit cost</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>71</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">29</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>6</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Defined contribution cost</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>75</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">69</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right">
 <b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Net benefit cost</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right">
 <b>&#xA0;&#xA0;&#xA0;&#xA0;146</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;98</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right">
 <b>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;6</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;6</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 </tr>
 </table>
 <p style="font-size:2pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%">
 <tr style="page-break-inside:avoid">
 <td width="1%" valign="top" align="left"><sup style="font-size:85%; vertical-align:top">(1)</sup></td>
 <td align="left" valign="top">Includes service and interest costs
 for the two plans merged into the primary Manulife plan after
 August&#xA0;1, 2016.</td>
 </tr>
 </table>
 <table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%">
 <tr style="page-break-inside:avoid">
 <td width="1%" valign="top" align="left"><sup style="font-size:85%; vertical-align:top">(2)</sup></td>
 <td align="left" valign="top">Past service cost in 2016 includes
 ($55) reflecting the removal of the advance provision made in prior
 years for <font style="white-space:nowrap">non-contractual,</font>
 <font style="white-space:nowrap">ad-hoc</font> increases in pension
 for Standard Life retirees.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfRemeasurementEffectsRecognizedInOtherComprehensiveIncomeTextBlockExplanatory', window );">Summary of Re-measurement Effects Recognized in Other Comprehensive Income</a></td>
<td class="text"><div>
 <p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>(h)
 <font style="white-space:nowrap">Re-measurement</font> effects
 recognized in Other Comprehensive Income</b></font></font></p>
 <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center">
 <tr>
 <td width="59%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="6" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="center">Pension plans</p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td colspan="2" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="6" nowrap="nowrap" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="center">Retiree&#xA0;welfare&#xA0;plans</p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"><b>2017</b></p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right">2016</p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td colspan="2" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"><b>2017</b></p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right">2016</p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Actuarial gains (losses) on defined benefit obligations:</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">
 Experience</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>(15</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">$</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>9</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">
 &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;$</td>
 <td valign="bottom" align="right">2</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">
 Demographic assumption changes</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">94</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;16</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">
 Economic assumption changes</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>(214</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(116</td>
 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>(41</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(20</td>
 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Return on plan assets greater (less) than discount rate</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>312</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">158</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;&#xA0;30</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">8</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Total <font style="white-space:nowrap">re-measurement</font>
 effects</b></p>
 <p style="font-size:2pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b>
 <p style="font-size:2pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right">
 <b>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;83</b>
 <p style="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b>
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 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">$
 <p style="font-size:2pt; margin-top:0pt; margin-bottom:1pt">
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 </td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">&#xA0;&#xA0;&#xA0;136
 <p style="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;
 <p style="font-size:2pt; margin-top:0pt; margin-bottom:1pt">
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 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
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 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;$</b>
 <p style="font-size:2pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(2</b>
 <p style="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b>
 <p style="font-size:2pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;$
 <p style="font-size:2pt; margin-top:0pt; margin-bottom:1pt">
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 </td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">6
 <p style="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;
 <p style="font-size:2pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDefinedBenefitObligationAndNetBenefitCostKeyAssumptionsExplanatory', window );">Summary of Key Assumptions Used by to Determine Defined Benefit Obligation and Net Benefit Cost for Defined Benefit Pension Plans and Retiree Welfare Plans</a></td>
<td class="text"><div>
 <p style="margin-top:14pt; margin-bottom:0pt; font-size:9.5pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>(i)
 Assumptions</b></font></font></p>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The key assumptions used by the
 Company to determine the defined benefit obligation and net benefit
 cost for the defined benefit pension plans and retiree welfare
 plans were as follows.</font></p>
 <p style="font-size:6pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center">
 <tr>
 <td width="40%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="14" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="center"><b>U.S. Plans</b></p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td colspan="2" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="14" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="center"><b>Canadian Plans</b></p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="6" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="center">Pension plans</p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="6" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="center">Retiree welfare plans</p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td colspan="2" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="6" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="center">Pension plans</p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="6" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="center">Retiree welfare plans</p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"><b>2017</b></p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right">2016</p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"><b>2017</b></p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right">2016</p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td colspan="2" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"><b>2017</b></p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right">2016</p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"><b>2017</b></p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right">2016</p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>To determine the defined benefit obligation at end of
 year</b><sup style="font-size:85%; vertical-align:top">(1)</sup><b>:</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">
 Discount rate</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>3.6%</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.1%</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>3.6%</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.1%</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>3.5%</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3.9%</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>3.6%</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.0%</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">
 Initial health care cost trend rate<sup style="font-size:85%; vertical-align:top">(2)</sup></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>n/a</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">n/a</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>8.5%</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">8.8%</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>n/a</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">n/a</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>5.9%</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6.0%</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>To determine the defined benefit cost for the year<sup style="font-size:85%; vertical-align:top">(1)</sup>:</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">
 Discount rate</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>4.1%</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.4%</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>4.1%</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.3%</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>3.9%</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.1%</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>4.0%</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4.1%</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">
 Initial health care cost trend rate<sup style="font-size:85%; vertical-align:top">(2)</sup></p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>n/a</b>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">n/a
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>8.8%</b>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">9.0%
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>n/a</b>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">n/a
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>6.0%</b>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">6.1%
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 </tr>
 </table>
 <table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%">
 <tr style="page-break-inside:avoid">
 <td width="1%" valign="top" align="left"><sup style="font-size:85%; vertical-align:top">(1)</sup></td>
 <td align="left" valign="top">Inflation and salary increase
 assumptions are not shown as they do not materially affect
 obligations and cost.</td>
 </tr>
 </table>
 <table style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt" border="0" cellpadding="0" cellspacing="0" width="100%">
 <tr style="page-break-inside:avoid">
 <td width="1%" valign="top" align="left"><sup style="font-size:85%; vertical-align:top">(2)</sup></td>
 <td align="left" valign="top">The health care cost trend rate used
 to measure the U.S. based retiree welfare obligation was 8.5%
 grading to 5.0% for 2032 and years thereafter (2016 &#x2013; 8.8%
 grading to 5.0% for 2032) and to measure the net benefit cost was
 8.8% grading to 5.0% for 2032 and years thereafter (2016 &#x2013;
 9.0% grading to 5.0% for 2032). In Canada, the rate used to measure
 the retiree welfare obligation was 5.9% grading to 4.8% for 2026
 and years thereafter (2016 &#x2013; 6.0% grading to 4.8% for 2026)
 and to measure the net benefit cost was 6.0% grading to 4.8% for
 2026 and years thereafter (2016 &#x2013; 6.1% grading to 4.8% for
 2026).</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfLifeExpectanciesUnderlyingValuesOfObligationsInDefinedBenefitPensionAndRetireeWelfarePlansExplanatory', window );">Summary of Life Expectancies Underlying Values of Obligations in Defined Benefit Pension and Retiree Welfare Plans</a></td>
<td class="text"><div>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Assumptions regarding future
 mortality are based on published statistics and mortality tables.
 The current life expectancies underlying the values of the
 obligations in the defined benefit pension and retiree welfare
 plans are as follows.</font></p>
 <p style="font-size:6pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center">
 <tr>
 <td width="78%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right">U.S.</p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right">Canada</p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Life expectancy (in years) for those currently age 65</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">
 Males</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>22.4</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>22.8</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">
 Females</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>23.9</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>24.7</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Life expectancy (in years) at age 65 for those currently age
 45</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">
 Males</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>24.0</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>23.8</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">
 Females</p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>25.5</b>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>25.6</b>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory', window );">Summary of Potential Impact on Obligations Arising From Changes in Key Assumptions</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(j)
 Sensitivity of assumptions on obligation</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Assumptions used can have a
 significant effect on the obligations reported for defined benefit
 pension and retiree welfare plans. The potential impact on the
 obligations arising from changes in the key assumptions is set out
 in the following table. The sensitivities assume all other
 assumptions are held constant. In actuality, inter-relationships
 with other assumptions may exist.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="73%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="6%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="6%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Pension&#xA0;plans</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Retiree&#xA0;welfare&#xA0;plans</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Discount rate:</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impact of a 1% increase</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(451</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(67</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impact of a 1% decrease</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>536</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>82</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Health care cost trend rate:</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impact of a 1% increase</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>n/a</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>24</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impact of a 1% decrease</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>n/a</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(21</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Mortality rates<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Impact of a 10% decrease</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;&#xA0;119</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;&#xA0;16</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">If the actuarial estimates of
 mortality are adjusted in the future to reflect unexpected
 decreases in mortality, the effect of a 10% decrease in mortality
 rates at each future age would be an increase in life expectancy at
 age 65 of 0.9 years for U.S. males and females and 0.8 years for
 Canadian males and females.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutMaturityProfileOfDefinedBenefitObligationExplanatory', window );">Summary of Weighted Average Duration of the Defined Benefit Obligations</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>(k)
 Maturity profile</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The weighted average duration (in
 years) of the defined benefit obligations is as follows.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="65%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Pension plans</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Retiree welfare plans</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><b>2017</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">2016</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><b>2017</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">2016</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 U.S. plans</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>9.5</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">9.2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>9.8</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">9.1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Canadian plans</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>12.8</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">12.7
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>14.2</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">14.2
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfFundingPolicyAndContributionsToPlansExplanatory', window );">Summary of Cash Payments</a></td>
<td class="text"><div>
 <p style="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>(l) Cash
 flows &#x2013; contributions</b></font></font></p>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Total cash payments for all
 employee future benefits, comprised of cash contributed by the
 Company to funded defined benefit pension and retiree welfare
 plans, cash payments directly to beneficiaries in respect of
 unfunded pension and retiree welfare plans, and cash contributed to
 defined contribution pension plans, were as follows.</font></p>
 <p style="font-size:6pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center">
 <tr>
 <td width="66%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="6" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="center">Pension plans</p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td colspan="2" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="6" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="center">Retiree welfare plans</p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"><b>2017</b></p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right">2016</p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td colspan="2" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right"><b>2017</b></p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL" align="right">2016</p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Defined benefit plans</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>85</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">106</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>12</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">$</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Defined contribution plans</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>75</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">69</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right">
 <b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Total</b></p>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;160</b>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">$
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">&#xA0;&#xA0;175
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;12</b>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b>
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">$
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">
 &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2013;
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&#xA0;</p>
 </td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;
 <p style="font-size:1pt; margin-top:0pt; margin-bottom:1pt">
 &#xA0;</p>
 </td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDefinedBenefitPlansExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of defined benefit plans. [Refer: Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 138<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_138&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDefinedBenefitPlansExplanatory</td>
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<td><strong> Period Type:</strong></td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of the fair value of defined benefit plan assets. [Refer: Plan assets [member]; Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 142<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_142&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFairValueOfPlanAssetsExplanatory</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</tr>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfInformationAboutMaturityProfileOfDefinedBenefitObligationExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of information about the maturity profile of a defined benefit obligation. This will include the weighted average duration of the defined benefit obligation and may include other information about the distribution of the timing of benefit payments, such as a maturity analysis of the benefit payments. [Refer: Defined benefit obligation, at present value]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 147<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_147_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">ifrs-full_DisclosureOfInformationAboutMaturityProfileOfDefinedBenefitObligationExplanatory</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of a net defined benefit liability (asset). [Refer: Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 140<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_140_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of a sensitivity analysis for significant actuarial assumptions used to determine the present value of a defined benefit obligation. [Refer: Actuarial assumptions [member]; Defined benefit obligation, at present value]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 145<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_145&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of components of net benefit cost for pension plans and retiree welfare plans [Text Block]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of defined benefit obligation and net benefit cost key assumptions [Text Block]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of funding policy and contributions to plans.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of life expectancies underlying values of obligations in defined benefit pension and retiree welfare plans [Text Block]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6887900064">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Interests in Structured Entities (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The following table presents the
 Company&#x2019;s investment and maximum exposure to loss from
 significant unconsolidated investment SEs, some of which are
 sponsored by the Company. The Company does not provide guarantees
 to other parties against the risk of loss from these
 SEs.</font></p>
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 &#xA0;&#xA0;</td>
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Company&#x2019;s investment<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
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 &#xA0;</td>
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 &#xA0;&#xA0;</td>
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Company&#x2019;s maximum</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">exposure to loss<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
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 &#xA0;</td>
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 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><b>2017</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">2016</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
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 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><b>2017</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">2016</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Leveraged leases<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;3,273</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;3,369</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;3,273</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;3,369</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Timberland companies<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>736</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">736</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>786</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">749</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Real estate companies<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>361</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">327
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>361</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">327
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,370</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">4,432
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,420</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">4,445
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">The Company&#x2019;s investments in
 these unconsolidated SEs are included in invested assets and the
 Company&#x2019;s returns from them are included in net investment
 income and AOCI.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">The Company&#x2019;s maximum exposure
 to loss from each SE is limited to amounts invested in each, plus
 unfunded capital commitments, if any. The Company&#x2019;s
 investment commitments are disclosed in note 18. The maximum loss
 is expected to occur only upon the entity&#x2019;s
 bankruptcy/liquidation, or as a result of a natural disaster in the
 case of the timber companies.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">These entities are statutory business
 trusts which use capital provided by the Company and senior debt
 provided by other parties to finance the acquisition of assets.
 These assets are leased to third-party lessees under long-term
 leases. The Company owns equity capital in these business trusts.
 The Company does not consolidate any of the trusts that are party
 to the lease arrangements because the Company does not have
 decision-making power over them.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></td>
 <td valign="top" align="left">These entities own and operate
 timberlands. The Company invests in their equity and debt. The
 Company&#x2019;s returns include investment income, investment
 advisory fees, forestry management fees and performance advisory
 fees. The Company does not control these entities because it either
 does not have the power to govern their financial and operating
 policies or does not have significant variable returns from them,
 or both.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></td>
 <td valign="top" align="left">These entities, which include the
 Manulife U.S. REIT, own and manage commercial real estate. The
 Company invests in their equity. The Company&#x2019;s returns
 include investment income, investment management fees, property
 management fees, acquisition/disposition fees, and leasing fees.
 The Company does not control these entities because it either does
 not have the power to govern their financial and operating policies
 or does not have significant variable returns from them, or
 both.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInterestsInUnconsolidatedStructuredEntitiesExplanatory', window );">Schedule of Interests and Maximum Exposure to Loss From Significant Unconsolidated Financing Structured Entities</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">The following table presents the
 Company&#x2019;s interests and maximum exposure to loss from
 significant unconsolidated financing SEs.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="82%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Company&#x2019;s interests<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right"><b>2017</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">2016</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Finance (Delaware), L.P.<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>835</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">876</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Financial Capital Trust II<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,000</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">1,000
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;1,835</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;1,876
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">The Company&#x2019;s interests include
 amounts borrowed from the SEs and the Company&#x2019;s investment in
 their subordinated capital, and foreign currency and interest swaps
 with them, if any.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td valign="top" align="left">This entity is a wholly-owned
 partnership used to facilitate the Company&#x2019;s financing. Refer
 to notes 12 and 18.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td valign="top" align="left">This entity is an open-ended trust
 that is used to facilitate the Company&#x2019;s financing. Refer to
 note 12.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutInterestsInStructuredEntityExplanatory', window );">Schedule of Securitized Holdings by Type and Asset Quality</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The following table presents
 investments in securitized holdings by the type and asset
 quality.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="60%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="16"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="14" align="center"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="center">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">CMBS</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">RMBS</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">ABS</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 Total</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Total</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 AAA</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,390</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>45</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,068</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,503</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">2,269</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 AA</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>401</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>401</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">393</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 A</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>16</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>488</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>504</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">592</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 BBB</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>142</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>142</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">221</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 BB and below</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>12</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>14</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>26</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">38</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total company exposure</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;1,418</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;45</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;2,113</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;3,576</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;3,513</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfInformationAboutInterestsInStructuredEntityExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of qualitative and quantitative information about the entity's interests in structured entities, including, but not limited to, the nature, purpose, size and activities of the structured entity and how the structured entity is financed.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 26<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_26&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of interests in structured entities that are not controlled by the entity (unconsolidated structured entities). [Refer: Unconsolidated structured entities [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 2<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_2_b_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of unconsolidated structured entities. [Refer: Unconsolidated structured entities [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B4<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B4_e&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6887809808">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Commitments and Contingencies (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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 2017</b></font></td>
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">MLI<br />
 consolidated<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
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 subsidiaries of<br />
 MFC on a<br />
 combined&#xA0;basis</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
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 adjustments</td>
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 Total<br />
 consolidated<br />
 amounts</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
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 <b>&#xA0;&#xA0;&#xA0;58,445</b></td>
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 <b>&#xA0;&#xA0;&#xA0;&#xA0;270</b></td>
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 Net income (loss) attributed to shareholders</p>
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(257</b></td>
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;&#xA0;(2,210)</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,104</b></td>
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 <td valign="bottom"></td>
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6</b></td>
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
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 2016</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">MFC<br />
 (Guarantor)</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">MLI<br />
 consolidated<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Other<br />
 subsidiaries of<br />
 MFC on a<br />
 combined&#xA0;basis</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
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 adjustments</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Total<br />
 consolidated<br />
 amounts</td>
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 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
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 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">MFLP</td>
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 &#xA0;</td>
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 <td valign="bottom" align="right">53,219</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(777</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">53,337</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">44</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net income (loss) attributed to shareholders</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">2,929</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">2,916</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(359</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(2,557</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">2,929</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(1</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup>&#xA0;</td>
 <td valign="top" align="left">During 2017, MLI acquired John
 Hancock Reassurance Company Ltd. (&#x201C;JHRECO&#x201D;) from MFC.
 MLI has restated its historical IFRS financial statements to
 reflect the combined accounts of MLI and JHRECO on a retroactive
 basis.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCondensedConsolidatedStatementsOfFinancialPositionExplanatory', window );">Summary of Condensed Consolidated Statements of Financial Position for MFC and MFLP</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Condensed
 Consolidated Statements of Financial Position</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="41%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">MFC<br />
 (Guarantor)</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">MLI<br />
 consolidated<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Other<br />
 subsidiaries of<br />
 MFC on a<br />
 combined&#xA0;basis</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Consolidating<br />
 adjustments</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 Total<br />
 consolidated<br />
 amounts</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">MFLP</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Invested assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>21</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>334,191</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;10</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;334,222</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;5</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total other assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;48,688</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>71,180</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>4</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(48,868</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>71,004</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,033</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Segregated funds net assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;324,307</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>324,307</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Insurance contract liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>304,605</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>304,605</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Investment contract liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,126</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,126</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Segregated funds net liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>324,307</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>324,307</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total other liabilities</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>7,696</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>48,145</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(509</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>55,332</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>831</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="13"></td>
 <td height="13" colspan="4"></td>
 <td height="13" colspan="4"></td>
 <td height="13" colspan="4"></td>
 <td height="13" colspan="4"></td>
 <td height="13" colspan="4"></td>
 <td height="13" colspan="4"></td>
 <td height="13" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">MFC<br />
 (Guarantor)</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">MLI<br />
 consolidated<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Other<br />
 subsidiaries of<br />
 MFC on a<br />
 combined&#xA0;basis</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Consolidating<br />
 adjustments</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Total<br />
 consolidated<br />
 amounts</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">MFLP</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Invested assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">161</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">321,698</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">
 &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;10</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">
 &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;321,869</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">6</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total other assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;48,073</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">83,607</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(48,049</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">83,635</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;1,085</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Segregated funds net assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;315,177</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">315,177</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Insurance contract liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">297,505</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">297,505</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Investment contract liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,275</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,275</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Segregated funds net liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">315,177</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">315,177</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total other liabilities</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">6,402</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">55,808</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(309</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">61,901</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">882</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)&#xA0;</sup></td>
 <td valign="top" align="left">During 2017, MLI acquired John
 Hancock Reassurance Company Ltd. (&#x201C;JHRECO&#x201D;) from MFC.
 MLI has restated its historical IFRS financial statements to
 reflect the combined accounts of MLI and JHRECO on a retroactive
 basis.</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfPledgeOfAssetsExplanatory', window );">Schedule of Pledged Assets</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The amounts pledged were as
 follows.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
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 <td width="60%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td valign="bottom" width="5%"></td>
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 <td valign="bottom">&#xA0;</td>
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
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 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6" align="center">2016</td>
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 &#xA0;</td>
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Debt securities</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Other</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Debt securities</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Other</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
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 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 In respect of:</p>
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 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
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 <td valign="bottom"></td>
 <td valign="bottom"></td>
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 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
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 Derivatives</p>
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 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
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 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
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 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>44</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
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 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
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 <td valign="bottom" align="right">99</td>
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
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 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>398</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>86</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">409</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">78</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Real estate</p>
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 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
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 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
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 <b>&#xA0;</b></td>
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 <td valign="bottom"></td>
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 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Repurchase agreements</p>
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 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>228</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
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 <td valign="bottom">&#xA0;</td>
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 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 <font style="WHITE-SPACE: nowrap">Non-registered</font> retirement
 plans in trust</p>
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 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
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 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
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 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
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 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
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 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>271</b></td>
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 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">3</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">174</td>
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 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;815</b></td>
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 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
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 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;5,345</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;837</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6887898384">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Segmented Information (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TextBlock1Abstract', window );"><strong>Text block1 [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsExplanatory', window );">Summary of Results by Segments</a></td>
<td class="text"><div>
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">Effective January&#xA0;1, 2017, the
 operations of Manulife Asset Management are being reflected in the
 respective Divisional results. These operations were reported in
 the Corporate and Other division for 2016.</font></p>
 <p style="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>By
 segment</b></font></font></p>
 <p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center">
 <tr>
 <td width="50%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="font-size:1pt">
 <td height="5"></td>
 <td height="5" colspan="4" bgcolor="#DDE0DA"></td>
 <td height="5" colspan="4" bgcolor="#DDE0DA"></td>
 <td height="5" colspan="4" bgcolor="#DDE0DA"></td>
 <td height="5" colspan="4" bgcolor="#DDE0DA"></td>
 <td height="5" colspan="4" bgcolor="#DDE0DA"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL">
 <font color="#1F320C"><b>As at and for the year
 ended</b></font></p>
 <p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">
 <font color="#1F320C"><b>December&#xA0;31, 2017</b></font></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">Asia
 Division</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">Canadian<br />
 Division</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">U.S.
 Division</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" colspan="2" nowrap="nowrap" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 Corporate<br />
 and&#xA0;Other</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">Total</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Revenue</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Premium income</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Life and health insurance</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>13,145</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>4,322</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>6,778</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>110</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>24,355</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Annuities and pensions</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>2,568</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>443</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>844</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right">
 <b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>3,855</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Net premium income</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>15,713</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>4,765</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>7,622</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>110</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>28,210</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Net investment income</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>4,080</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>4,573</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>10,649</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>65</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>19,367</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Other revenue</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>1,739</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>3,517</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>6,166</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(676</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>10,746</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Total revenue</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>21,532</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>12,855</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>24,437</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(501</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>58,323</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Contract benefits and expenses</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Life and health insurance</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>11,961</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>5,644</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>16,464</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>461</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>34,530</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Annuities and pensions</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>2,051</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>1,813</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>907</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right">
 <b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>4,771</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Net benefits and claims</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>14,012</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>7,457</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>17,371</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>461</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>39,301</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Interest expense</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>164</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>307</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>37</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>631</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>1,139</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Other expenses</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>4,937</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>4,435</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>6,050</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(40</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>15,382</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Total contract benefits and expenses</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>19,113</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>12,199</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>23,458</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>1,052</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>55,822</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Income (loss) before income taxes</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>2,419</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>656</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>979</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>(1,553</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>2,501</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Income tax recovery (expense)</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(403</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>95</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(1,275</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>1,344</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(239</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Net income (loss)</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>2,016</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>751</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>(296</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>(209</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>2,262</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Less net income (loss) attributed to:</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">
 <font style="white-space:nowrap">Non-controlling</font>
 interests</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>197</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA" align="right"><b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>(3</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>194</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">
 Participating policyholders</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(30</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(6</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right">
 <b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right">
 <b>&#x2013;</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(36</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Net income (loss) attributed to shareholders</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>1,849</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>757</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(296</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(206</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>2,104</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Total assets</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;105,233</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;220,755</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;383,528</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;20,017</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>&#xA0;&#xA0;729,533</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="font-size:1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL">
 <font color="#1F320C"><b>As at and for the year
 ended</b></font></p>
 <p style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL">
 <font color="#1F320C"><b>December&#xA0;31, 2016</b></font></p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">Asia Division</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">Canadian<br />
 Division</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">U.S. Division</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" colspan="2" nowrap="nowrap" align="right" style="BORDER-BOTTOM:1px solid #1f320c">Corporate<br />
 and&#xA0;Other</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">Total</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Revenue</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Premium income</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Life and health insurance</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;12,111</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">4,366</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">6,703</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">88</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">23,268</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Annuities and pensions</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">3,474</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">606</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">284</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">4,364</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Net premium income</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">15,585</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,972</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,987</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">88</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">27,632</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Net investment income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,143</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,255</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">7,980</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">146</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">14,524</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Other revenue</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">1,566</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">3,480</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">5,591</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">544</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">11,181</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Total revenue</b></p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">19,294</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">12,707</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">20,558</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">778</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">53,337</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Contract benefits and expenses</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Life and health insurance</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10,435</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,207</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10,829</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">806</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">27,277</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Annuities and pensions</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">2,913</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">1,179</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">2,765</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">6,857</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Net benefits and claims</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,348</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,386</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,594</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">806</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">34,134</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Interest expense</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">146</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">305</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">45</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">517</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,013</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Other expenses</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">4,241</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">4,279</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">5,619</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">722</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">14,861</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Total contract benefits and expenses</b></p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">17,735</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">10,970</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">19,258</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">2,045</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">50,008</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Income (loss) before income taxes</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,559</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,737</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,300</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,267</td>
 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,329</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Income tax recovery (expense)</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">(243</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">)&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">(250</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">)&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">(166</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">)&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">463</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">(196</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Net income (loss)</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,316</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,487</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,134</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(804</td>
 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,133</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Less net income (loss) attributed to:</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">
 <font style="white-space:nowrap">Non-controlling</font>
 interests</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">115</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">28</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">143</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:3.00em; text-indent:-1.50em; font-size:8pt; font-family:ARIAL">
 Participating policyholders</p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">60</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">1</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">&#x2013;</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">61</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Net income (loss) attributed to shareholders</b></p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">1,141</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">1,486</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">1,134</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">(832</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">)&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">2,929</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Total assets</b></p>
 </td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">92,843</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">&#xA0;&#xA0;214,820</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">&#xA0;&#xA0;386,619</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">&#xA0;&#xA0;26,399</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 $</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">&#xA0;&#xA0;720,681</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasExplanatory', window );">Summary of Results by Geographic Location</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 12pt">
 <font style="FONT-FAMILY: ARIAL">The results of the Company&#x2019;s
 business segments differ from geographic segment primarily due to
 the allocation of Company&#x2019;s Corporate and Other division into
 the geographic segments to which its businesses relate.</font></p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>By
 geographic location</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 14pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="57%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at and for the year
 ended</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>December&#xA0;31, 2017</b></font></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Asia</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 Canada</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">U.S.</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Other</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Total</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Revenue</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Premium income</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Life and health insurance</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>13,215</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,894</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,780</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>466</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>24,355</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Annuities and pensions</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,568</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>443</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>844</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,855</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net premium income</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>15,783</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,337</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,624</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>466</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>28,210</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net investment income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,258</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,642</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>10,407</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>60</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>19,367</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other revenue</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,632</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,187</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>5,911</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>16</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>10,746</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total revenue</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>21,673</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>12,166</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>23,942</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>542</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>58,323</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at and for the year
 ended</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>December&#xA0;31, 2016</b></font></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Asia</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">Canada</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">U.S.</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Other</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Total</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Revenue</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Premium income</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Life and health insurance</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">12,184</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">3,909</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">6,705</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">470</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">23,268</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Annuities and pensions</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">3,474</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">606</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">284</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">4,364</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net premium income</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">15,658</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,515</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,989</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">470</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">27,632</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net investment income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,368</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,096</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">7,880</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">180</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">14,524</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other revenue</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">1,608</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">3,443</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">6,105</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">25</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">11,181</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total revenue</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;19,634</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;12,054</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;20,974</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;675</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;53,337</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfGeographicalAreasExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of geographical information.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 33<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_33&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfGeographicalAreasExplanatory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfOperatingSegmentsExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of operating segments. [Refer: Operating segments [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Text block1 [abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>78
<FILENAME>R49.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6892326432">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Related Parties (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TextBlock1Abstract', window );"><strong>Text block1 [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutKeyManagementPersonnelExplanatory', window );">Summary of Compensation of Key Management Personnel</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Acordingly, the summary of
 compensation of key management personnel is as follows.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="78%"></td>
 <td valign="bottom" width="5%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="4%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="5%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Short-term employee benefits</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>44</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">33</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Post-employment benefits</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Share-based payments</p>
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 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>43</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">44</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Termination benefits</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>6</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other long-term benefits</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">3</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;98</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;87</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfInformationAboutKeyManagementPersonnelExplanatory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The disclosure of information about key management personnel. [Refer: Key management personnel of entity or parent [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_10_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfInformationAboutKeyManagementPersonnelExplanatory</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Text block1 [abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>79
<FILENAME>R50.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6887865792">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Subsidiaries (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TextBlock1Abstract', window );"><strong>Text block1 [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfMajorOperatingSubsidiariesExplanatory', window );">Summary of Directly and Indirectly Held Major Operating Subsidiaries</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The following is a list of
 Manulife&#x2019;s directly and indirectly held major operating
 subsidiaries.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="50%"></td>
 <td valign="bottom"></td>
 <td width="14%"></td>
 <td valign="bottom"></td>
 <td width="34%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>(100% owned unless otherwise noted in
 brackets beside company name)</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center"><b>Address</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <b>Description</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 2em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>The Manufacturers Life Insurance Company</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center">Toronto, Canada</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Leading Canadian-based financial services company that offers a
 diverse range of financial protection products and wealth
 management services</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Holdings (Alberta) Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Calgary, Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Holding company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Financial Corporation</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Wilmington, Delaware, U.S.A.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Holding
 company</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 The Manufacturers Investment Corporation</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Michigan, U.S.A.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Holding company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 7em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Reassurance Company Ltd. U.S.A.</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center">Michigan, U.S.A.</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Captive insurance subsidiary that provides life, annuity and
 long-term care reinsurance to affiliates</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 7em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Life Insurance Company (U.S.A.)</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center">Michigan, U.S.A.</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 U.S. life insurance company licensed in all states, except New
 York</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 8em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Subsidiaries LLC</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Wilmington, Delaware, U.S.A.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Holding
 company</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 9em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Financial Network, Inc.</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Boston, Massachusetts,&#xA0;U.S.A.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Financial
 services distribution organization</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 9em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Advisers, LLC</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Boston, Massachusetts,&#xA0;U.S.A.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 Investment advisor</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 11em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Funds, LLC</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Boston, Massachusetts,&#xA0;U.S.A.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 Broker-dealer</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 9em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management (US) LLC</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Wilmington, Delaware, U.S.A.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Asset
 management company</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 9em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Hancock Natural Resource Group, Inc.</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Boston, Massachusetts,&#xA0;U.S.A.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Manager of globally diversified timberland and agricultural
 portfolios</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 8em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Life Insurance Company of New York</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">New York, U.S.A.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 U.S. life insurance company licensed in New York</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 8em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Investment Management Services, LLC</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Boston, Massachusetts,&#xA0;U.S.A.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 Investment advisor</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 8em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Life&#xA0;&amp; Health Insurance Company</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Boston, Massachusetts,&#xA0;U.S.A.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">U.S. life
 insurance company licensed in all states</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 8em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Distributors LLC</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Wilmington, Delaware, U.S.A.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 Broker-dealer</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 7em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 John Hancock Insurance Agency, Inc.</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Wilmington, Delaware, U.S.A.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Insurance
 agency</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 7em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Reinsurance Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Hamilton,&#xA0;Bermuda</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Provides life and financial reinsurance to affiliates</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 8em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Reinsurance (Bermuda) Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Hamilton,&#xA0;Bermuda</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Provides life and annuity reinsurance to affiliates</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Bank of Canada</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center">Waterloo,&#xA0;Canada</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Provides integrated banking products and service options not
 available from an insurance company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management Holdings (Canada) Inc.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Toronto, Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Holding company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management Limited</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center">Toronto, Canada</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Provides investment counseling, portfolio and mutual fund
 management in Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 First North American Insurance Company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Toronto, Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Property and casualty insurance company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 NAL Resources Management Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Calgary, Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Management company for oil and gas properties</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Resources Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Calgary, Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Holds oil and gas properties</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Property Limited Partnership</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Toronto, Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Holds oil and gas royalties</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Property Limited Partnership II</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center">Toronto, Canada</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Holds oil and gas royalties and foreign bonds and equities</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Western Holdings Limited Partnership</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Calgary, Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Holds oil and gas properties</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Securities Investment Services Inc.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Oakville, Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Mutual fund dealer for Canadian operations</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Holdings (Bermuda) Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Hamilton,&#xA0;Bermuda</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Holding company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manufacturers P&#xA0;&amp; C Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">St.&#xA0;Michael,&#xA0;Barbados</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Provides property and casualty reinsurance</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Financial Asia Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Hong&#xA0;Kong,&#xA0;China</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Holding company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife (Cambodia) PLC</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Phnom Penh, Cambodia</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Life
 insurance company</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manufacturers Life Reinsurance Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">St.&#xA0;Michael,&#xA0;Barbados</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Provides life and annuity reinsurance to affiliates</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife (Vietnam) Limited</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Ho Chi Minh City, Vietnam</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Life
 insurance company</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management (Vietnam) Company Limited</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Ho Chi Minh City, Vietnam</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Fund
 management company</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife International Holdings Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Hong&#xA0;Kong,&#xA0;China</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Holding company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife (International) Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Hong&#xA0;Kong,&#xA0;China</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Life insurance company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 7em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife-Sinochem Life Insurance Co. Ltd. (51%)</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Shanghai, China</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Life insurance company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management International Holdings Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Hong&#xA0;Kong,&#xA0;China</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Holding company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 7em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management (Hong Kong) Limited</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center">Hong&#xA0;Kong,&#xA0;China</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Investment management and advisory company marketing mutual
 funds</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 9em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management (Taiwan) Co., Ltd.</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Taipei, Taiwan</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Asset management company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Life Insurance Company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Tokyo, Japan</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Life insurance company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management (Japan) Limited</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center">Tokyo, Japan</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Investment management and advisory company and mutual fund
 business</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Insurance (Thailand) Public Company Limited
 (92.1%)<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Bangkok,&#xA0;Thailand</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Life insurance company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management (Thailand) Company Limited
 (95.3%)<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Bangkok,&#xA0;Thailand</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Investment management company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Holdings Berhad (59.5%)</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Kuala Lumpur, Malaysia</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Holding
 company</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Insurance Berhad (59.5%)</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Kuala Lumpur, Malaysia</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Life
 insurance company</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management Services Berhad (59.5%)</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Kuala Lumpur, Malaysia</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Asset
 management company</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife (Singapore) Pte. Ltd.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Singapore</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Life insurance company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management (Singapore) Pte. Ltd.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Singapore</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Asset management company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 5em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 The Manufacturers Life Insurance Co. (Phils.), Inc.</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Makati City, Philippines</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Life
 insurance company</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 6em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Chinabank Life Assurance Corporation (60%)</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Makati City, Philippines</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Life
 insurance company</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 PT Asuransi Jiwa Manulife Indonesia</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Jakarta,&#xA0;Indonesia</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">Life
 insurance company</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 PT Manulife Aset Manajemen Indonesia</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center">Jakarta,&#xA0;Indonesia</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Investment management company marketing mutual funds and
 discretionary funds</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management (Europe) Limited</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center">London, England</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Investment management company for Manulife Financial&#x2019;s
 international funds</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Assurance Company of Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Toronto, Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Life insurance company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 EIS Services (Bermuda) Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Hamilton, Bermuda</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Investment holding company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Berkshire Insurance Services Inc.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Toronto, Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Investment holding company</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 4em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 JH Investments (Delaware) LLC</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Boston, Massachusetts,&#xA0;U.S.A.</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 Investment holding company</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Securities Incorporated</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Oakville, Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Investment dealer</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Manulife Asset Management (North America) Limited</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="center">Toronto, Canada</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt" align="left">&#xA0;</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Investment advisor</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Regional Power Inc.</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top" align="center">Mississauga,&#xA0;Canada</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 Developer and operator of hydro-electric power projects</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 1pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td valign="top" align="left">MFC voting rights percentages are the
 same as the ownership percentages except for Manulife Insurance
 (Thailand) Public Company Limited and Manulife Asset Management
 (Thailand) Company Limited where MFC&#x2019;s voting rights are
 98.1% and 98.9%, respectively.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6867782064">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Segregated Funds (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TextBlock1Abstract', window );"><strong>Text block1 [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCompositionOfNetAssetsByCategoriesOfSegregatedFundsExplanatory', window );">Summary of Composition of Net Assets by Categories of Segregated Funds</a></td>
<td class="text"><div>
 <p style="margin-top:6pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL">The composition of net assets by
 categories of segregated funds was within the following ranges for
 the years ended December&#xA0;31,&#xA0;2017 and 2016.</font></p>
 <p style="font-size:6pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center">
 <tr>
 <td width="76%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="6" align="center" style="BORDER-BOTTOM:1px solid #1f320c">Ranges in per cent</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 <font style="font-size:8pt"><b>Type of fund</b></font></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>2017</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">2016</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Money market funds</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>2%&#xA0;to&#xA0;3%</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2% to 3%</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Fixed income funds</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>14%&#xA0;to&#xA0;15%</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">14% to 15%</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Balanced funds</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right"><b>22% to
 29%</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">22%&#xA0;to&#xA0;24%</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Equity funds</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA" align="right"><b>55% to 60%</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c" align="right">59% to 61%</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1.00pt solid #1f320c">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfSummaryOfCompositionOfSegregatedFundsExplanatory', window );">Summary of Composition of Segregated Funds Net Assets</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;The carrying value and
 change in segregated funds net assets are as follows.</font></p>
 <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 14px">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Segregated funds net assets</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="79%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="4"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Investments at market value</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Cash and short-term securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,756</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">4,524</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Debt securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>15,472</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">15,651</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Equities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>12,624</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12,458</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Mutual funds</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>288,007</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">278,966</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other investments</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,514</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,552</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Accrued investment income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>201</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">201</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other assets and liabilities, net</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(766</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(644</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total segregated funds net assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>324,808</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">315,708</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Composition of segregated funds net assets</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Held by policyholders</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>324,307</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">315,177</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Held by the Company</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>501</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">531</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total segregated funds net assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;324,808</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;315,708</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfChangesInSegregatedFundsNetAssetsExplanatory', window );">Summary of Changes in Segregated Funds Net Assets</a></td>
<td class="text"><div>
 <p style="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:ARIAL">
 <font style="font-family:ARIAL"><font color="#1F320C"><b>Changes in
 segregated funds net assets</b></font></font></p>
 <p style="font-size:6pt;margin-top:0pt;margin-bottom:0pt">
 <font style="font-family:ARIAL">&#xA0;</font></p>
 <table cellspacing="0" cellpadding="0" width="100%" border="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" align="center">
 <tr>
 <td width="79%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="font-size:1pt">
 <td height="5"></td>
 <td height="5" colspan="4" bgcolor="#DDE0DA"></td>
 <td height="5" colspan="4"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt">
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 <font color="#1F320C"><b>For the years ended
 December&#xA0;31,</b></font></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>2017</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">&#xA0;</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2" align="right" style="BORDER-BOTTOM:1px solid #1f320c">2016</td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style="margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Net policyholder cash flow</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Deposits from policyholders</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>$</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>34,776</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">33,130</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Net transfers to general fund</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>(1,734</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(878</td>
 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Payments to policyholders</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(45,970</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">(39,731</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <font size="1">&#xA0;</font></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(12,928</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">(7,479</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Investment related</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Interest and dividends</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>16,930</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">15,736</td>
 <td nowrap="nowrap" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Net realized and unrealized investment gains</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>24,384</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">4,097</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <font size="1">&#xA0;</font></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>41,314</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">19,833</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 <b>Other</b></p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom" bgcolor="#DDE0DA"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Management and administration fees</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA">&#xA0;&#xA0;</td>
 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" bgcolor="#DDE0DA" align="right">
 <b>(4,496</b></td>
 <td nowrap="nowrap" valign="bottom" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
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 <td nowrap="nowrap" valign="bottom">)&#xA0;</td>
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 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Impact of changes in foreign exchange rates</p>
 </td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(14,790</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">(6,007</td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">)&#xA0;</td>
 </tr>
 <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt">
 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <font size="1">&#xA0;</font></td>
 <td valign="bottom" bgcolor="#DDE0DA" style=" BORDER-BOTTOM:1px solid #1f320c">&#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA" align="right"><b>(19,286</b></td>
 <td nowrap="nowrap" valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" bgcolor="#DDE0DA">
 <b>)&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c" align="right">(10,393</td>
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 <td valign="top">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Net additions</p>
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 <td valign="bottom" bgcolor="#DDE0DA"><b>&#xA0;</b></td>
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 <b>&#xA0;</b></td>
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 <td valign="top" style="BORDER-BOTTOM:1px solid #1f320c">
 <p style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:8pt; font-family:ARIAL">
 Segregated funds net assets, beginning of year</p>
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 <b>&#xA0;</b></td>
 <td valign="bottom" style=" BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;&#xA0;</td>
 <td valign="bottom" style="BORDER-BOTTOM:1px solid #1f320c">
 &#xA0;</td>
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 &#xA0;&#xA0;</td>
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 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
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 Investments in unconsolidated subsidiaries</p>
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 <b>6,509</b></td>
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 <b>14,999</b></td>
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 <b>(69,882</b></td>
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 Reinsurance assets</p>
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 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
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 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>49,927</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>8,281</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(27,849</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>30,359</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>314</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>18,678</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>40,715</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(19,062</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>40,645</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Segregated funds net assets</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>176,139</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>149,812</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,644</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>324,307</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>48,709</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>359,397</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>440,228</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(118,801</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>729,533</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Liabilities and equity</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Insurance contract liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>147,155</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>185,884</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(28,434</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>304,605</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Investment contract liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,130</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,998</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,126</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>297</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>19,399</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>41,394</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(18,930</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>42,160</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Long-term debt</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,784</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>1</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,785</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Capital instruments</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,615</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>584</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,188</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>8,387</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Segregated funds net liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>176,139</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>149,812</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,644</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>324,307</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Shareholders&#x2019; equity</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>41,013</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>14,990</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>54,801</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(69,791</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>41,013</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Participating policyholders&#x2019; equity</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>221</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>221</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <font style="WHITE-SPACE: nowrap">Non-controlling</font>
 interests</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>929</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>929</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total liabilities and equity</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;48,709</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;359,397</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;440,228</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;(118,801</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;729,533</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top" colspan="20">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>Condensed Consolidated Statement of
 Financial Position</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 </td>
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt">
 </p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>&#xA0;</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt">
 </p>
 </td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">MFC<br />
 (Guarantor)</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">JHUSA<br />
 (Issuer)</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Other<br />
 subsidiaries</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Consolidation<br />
 adjustments</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Consolidated<br />
 MFC</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Assets</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Invested assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">161</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">109,063</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">213,043</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(398</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">321,869</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Investments in unconsolidated subsidiaries</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">47,758</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,457</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">17,504</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(71,719</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Reinsurance assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">51,537</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10,069</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(26,654</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">34,952</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">315</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">28,718</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">43,931</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(24,281</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">48,683</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Segregated funds net assets</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">174,917</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">142,400</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(2,140</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">315,177</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;48,234</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;370,692</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;426,947</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(125,192</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;720,681</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Liabilities and equity</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Insurance contract liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">147,504</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">177,524</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(27,523</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">297,505</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Investment contract liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,251</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,027</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(3</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,275</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">252</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">28,892</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">43,994</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(24,113</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">49,025</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Long-term debt</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,689</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">7</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,696</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Capital instruments</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">461</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">627</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,092</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">7,180</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Segregated funds net liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">174,917</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">142,400</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2,140</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">315,177</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Shareholders&#x2019; equity</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">41,832</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">17,501</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">53,912</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(71,413</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">41,832</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Participating policyholders&#x2019; equity</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">248</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">248</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <font style="WHITE-SPACE: nowrap">Non-controlling</font>
 interests</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">743</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">743</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total liabilities and equity</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">48,234</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">370,692</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">426,947</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">(125,192</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">720,681</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCondensedConsolidatedStatementOfIncomeExplanatory', window );">Condensed Consolidated Statement of Income</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Condensed
 Consolidated Statement of Income</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="47%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">MFC<br />
 (Guarantor)</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">JHUSA<br />
 (Issuer)</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Other<br />
 subsidiaries</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Consolidation<br />
 adjustments</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Consolidated<br />
 MFC</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Revenue</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net premium income</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>11,084</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>17,130</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(4</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>28,210</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net investment income (loss)</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>178</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,986</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>11,947</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(744</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>19,367</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net other revenue</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,874</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>10,912</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(3,044</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>10,746</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total revenue</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>182</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>21,944</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>39,989</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(3,792</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>58,323</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Contract benefits and expenses</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net benefits and claims</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>20,803</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>19,179</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(681</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>39,301</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Commissions, investment and general expenses</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>11</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,208</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>13,900</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(2,097</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>15,022</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other expenses</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>404</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>194</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,915</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,014</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,499</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total contract benefits and expenses</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>415</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;24,205</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;34,994</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(3,792</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>55,822</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Income (loss) before income taxes</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(233</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(2,261</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,995</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,501</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Income tax (expense) recovery</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>62</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,134</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,435</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(239</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Income (loss) after income taxes</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(171</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,127</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,560</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;2,262</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity in net income (loss) of unconsolidated subsidiaries</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,275</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>628</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(486</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2,417</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net income (loss)</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;2,104</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(499</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,074</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;(2,417</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,262</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net income (loss) attributed to:</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 <font style="WHITE-SPACE: nowrap">Non-controlling</font>
 interests</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>194</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>194</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Participating policyholders</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(10</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(36</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>10</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(36</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Shareholders</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,104</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(489</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,916</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2,427</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,104</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,104</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(499</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,074</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2,417</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;2,262</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 12pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Condensed
 Consolidated Statement of Income</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="47%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">MFC<br />
 (Guarantor)</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">JHUSA<br />
 (Issuer)</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Other<br />
 subsidiaries</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Consolidation<br />
 adjustments</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Consolidated<br />
 MFC</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Revenue</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net premium income</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,021</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">22,611</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">27,632</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net investment income (loss)</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">475</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">6,191</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">9,092</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,234</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">14,524</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net other revenue</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">43</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">2,569</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">11,108</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(2,539</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">11,181</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total revenue</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">518</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">13,781</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">42,811</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">(3,773</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">53,337</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Contract benefits and expenses</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net benefits and claims</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10,340</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">24,748</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(954</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">34,134</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Commissions, investment and general expenses</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">11</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,272</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,016</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,840</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">14,459</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other expenses</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">259</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">59</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">2,076</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(979</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">1,415</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total contract benefits and expenses</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">270</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;13,671</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;39,840</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;(3,773</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;50,008</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Income (loss) before income taxes</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">248</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">110</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,971</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,329</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Income tax (expense) recovery</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">28</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">251</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(475</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(196</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Income (loss) after income taxes</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">276</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">361</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,496</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,133</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity in net income (loss) of unconsolidated subsidiaries</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">2,653</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">211</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">572</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(3,436</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net income (loss)</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;2,929</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">572</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">3,068</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">(3,436</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">3,133</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net income (loss) attributed to:</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 <font style="WHITE-SPACE: nowrap">Non-controlling</font>
 interests</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">143</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">143</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Participating policyholders</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(48</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">61</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">48</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">61</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Shareholders</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">2,929</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">620</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">2,864</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(3,484</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">2,929</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">2,929</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">572</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">3,068</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">(3,436</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;3,133</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfConsolidatedStatementOfCashFlowsExplanatory', window );">Consolidated Statement of Cash Flows</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><strong>Consolidated</strong> <strong>Statement of Cash
 Flows</strong></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C">&#xA0;</font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="54%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2017</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">MFC</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(Guarantor)</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">JHUSA</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(Issuer)</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Other</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">subsidiaries</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Consolidation</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">adjustments</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Consolidated</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">MFC</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Operating activities</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net income (loss)</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;2,104</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(499</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;3,074</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(2,417</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,262</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Adjustments:</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Equity in net income of unconsolidated subsidiaries</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(2,275</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(628</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>486</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,417</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Increase (decrease) in insurance contract liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>16,877</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,146</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>20,023</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Increase (decrease) in investment contract liabilities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>55</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>118</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>173</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 (Increase) decrease in reinsurance assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(1,890</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,159</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,269</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Amortization of (premium) discount on invested assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>24</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>206</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>230</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other amortization</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>4</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>123</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>433</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>560</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Net realized and unrealized (gains) losses and impairment on
 assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(7</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(2,609</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(4,572</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(7,188</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Deferred income tax expense (recovery)</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(59</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(2,239</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,967</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(331</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Stock option expense</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(4</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>19</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>15</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Cash provided by (used in) operating activities before undernoted
 items</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(233</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>9,210</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>9,036</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>18,013</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Dividends from unconsolidated subsidiary</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,700</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>125</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,175</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(4,000</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Changes in policy related and operating receivables and
 payables</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(45</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(4,627</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,450</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(222</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Cash provided by (used in) operating activities</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,422</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4,708</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>14,661</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(4,000</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>17,791</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Investing activities</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Purchases and mortgage advances</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(30,645</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(56,579</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(87,224</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Disposals and repayments</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>26,952</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>43,768</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>70,720</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Changes in investment broker net receivables and payables</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>182</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>45</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>227</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Investment in common shares of subsidiaries</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(2,473</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,473</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net cash decrease from sale and purchase of subsidiaries and
 businesses</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(10</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(10</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Capital contribution to unconsolidated subsidiaries</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(63</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>63</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Return of capital from unconsolidated subsidiaries</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>11</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(11</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Notes receivable from affiliates</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>201</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(201</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Notes receivable from parent</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>368</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>24</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(392</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Notes receivable from subsidiaries</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(16</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(10</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>26</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Cash provided by (used in) investing activities</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2,489</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(3,205</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(12,551</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,958</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(16,287</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Financing activities</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Increase (decrease) in repurchase agreements and securities sold
 but not yet purchased</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(29</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(29</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Redemption of long-term debt</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(600</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(7</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(607</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Issue of capital instruments, net</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,209</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,209</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Redemption of capital instruments</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(899</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(899</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Secured borrowings from securitization transactions</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>741</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>741</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Changes in deposits from Bank clients, net</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>261</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>261</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Shareholders&#x2019; dividends paid in cash</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,780</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,780</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Dividends paid to parent</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,175</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(2,825</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,000</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Contributions from (distributions to) <font style="WHITE-SPACE: nowrap">non-controlling</font> interests, net</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(6</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(6</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Common shares issued, net</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>124</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,473</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(2,473</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>124</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Capital contributions by parent</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>63</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(63</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Return of capital to parent</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(11</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>11</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Notes payable to affiliates</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(201</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>201</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Notes payable to parent</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>26</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(26</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Notes payable to subsidiaries</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(24</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(368</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>392</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Cash provided by (used in) financing activities</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(71</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,376</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(581</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>2,042</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>14</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Cash and short-term securities</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Increase (decrease) during the year</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(138</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>127</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,529</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,518</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Effect of foreign exchange rate changes on cash and
 short-term&#xA0;securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(276</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(380</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(658</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Balance, beginning of year</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>161</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,787</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>10,290</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>14,238</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Balance, end of year</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>21</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,638</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>11,439</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>15,098</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Cash and short-term securities</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Beginning of year</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Gross cash and short-term securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>161</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,317</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>10,673</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>15,151</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net payments in transit, included in other liabilities</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(530</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(383</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(913</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net cash and short-term securities, beginning of year</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>161</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,787</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>10,290</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>14,238</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>End of year</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Gross cash and short-term securities</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>21</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,133</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>11,811</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>15,965</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net payments in transit, included in other liabilities</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(495</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(372</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(867</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net cash and short-term securities, end of year</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>21</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,638</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>11,439</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>15,098</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Supplemental disclosures on cash flow information:</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest received</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>273</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,391</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>6,504</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(572</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>10,596</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Interest paid</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>392</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>96</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,202</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(572</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,118</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Income taxes paid</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>99</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,084</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>177</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right">
 <b>&#x2013;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,360</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 1pt; MARGIN-TOP: 12pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C">&#xA0;</font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><font color="#1F320C"><b>Consolidated Statement of Cash
 Flows</b></font></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C">&#xA0;</font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 </p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="56%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>For the year ended December&#xA0;31,
 2016</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">MFC</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(Guarantor)</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">JHUSA</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">(Issuer)</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Other</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">subsidiaries</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Consolidation</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">adjustments</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">Consolidated</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt" align="right">MFC</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Operating activities</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net income (loss)</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">2,929</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">572</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">3,068</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(3,436</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">3,133</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Adjustments:</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Equity in net income of unconsolidated subsidiaries</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2,653</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(211</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(572</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,436</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Increase (decrease) in insurance contract liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,225</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12,789</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18,014</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Increase (decrease) in investment contract liabilities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">58</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(58</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 (Increase) decrease in reinsurance assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,444</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">602</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(842</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Amortization of (premium) discount on invested assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(5</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">83</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">78</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Other amortization</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">284</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">407</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">693</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Net realized and unrealized (gains) losses and impairment on
 assets</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(9</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(917</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,878</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2,804</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Deferred income tax expense (recovery)</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">391</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(629</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(235</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Stock option expense</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(1</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">20</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">19</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Cash provided by (used in) operating activities before undernoted
 items</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">272</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,952</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">13,832</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">18,056</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Dividends from unconsolidated subsidiary</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,950</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">111</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2,061</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Changes in policy related and operating receivables and
 payables</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">171</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(1,291</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">81</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(1,039</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Cash provided by (used in) operating activities</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">2,393</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">2,772</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">13,913</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(2,061</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">17,017</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Investing activities</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Purchases and mortgage advances</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(32</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(34,656</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(69,371</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(104,059</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Disposals and repayments</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">32,343</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">49,658</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">82,001</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Changes in investment broker net receivables and payables</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(35</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(151</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(186</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Investment in common shares of subsidiaries</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(5,706</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,706</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net cash decrease from sale and purchase of subsidiaries and
 businesses</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(495</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(495</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Capital contribution to unconsolidated subsidiaries</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(350</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">350</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Return of capital from unconsolidated subsidiaries</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Notes receivable from affiliates</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">544</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(544</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Notes receivable from parent</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">344</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(344</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Notes receivable from subsidiaries</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(6</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(40</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">46</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Cash provided by (used in) investing activities</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(5,744</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(2,737</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(19,471</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">5,213</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(22,739</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Financing activities</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 (Decrease) increase in repurchase agreements and securities sold
 but not&#xA0;yet purchased</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(23</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(23</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Issue of long-term debt, net</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,899</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,899</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Redemption of long-term debt</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(158</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(158</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Issue of capital instruments, net</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">479</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">479</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Redemption of capital instruments</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(949</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(949</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Secured borrowings from securitization transactions</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">847</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">847</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Changes in deposits from Bank clients, net</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(157</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(157</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Shareholders&#x2019; dividends paid in cash</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,593</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,593</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Contributions from (distributions to) <font style="WHITE-SPACE: nowrap">non-controlling</font> interests, net</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Common shares issued, net</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">66</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,706</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(5,706</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">66</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Preferred shares issued, net</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">884</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">884</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Dividends paid to parent</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2,061</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">
 &#xA0;&#xA0;&#xA0;&#xA0;2,061</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Capital contributions by parent</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">350</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(350</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Return of capital to parent</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Notes payable to affiliates</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(544</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">544</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Notes payable to parent</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">46</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(46</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Notes payable to subsidiaries</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(344</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">344</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Cash provided by (used in) financing activities</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;3,391</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(544</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">3,610</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(3,152</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">3,305</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Cash and short-term securities</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Increase (decrease) during the year</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">40</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(509</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1,948</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(2,417</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Effect&#xA0;of foreign exchange rate changes on cash and short-term
 securities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(1</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(149</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(197</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(347</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Balance, beginning of year</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">122</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">4,445</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">12,435</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">17,002</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Balance, end of year</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">161</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;3,787</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;10,290</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;&#xA0;14,238</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Cash and short-term securities</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Beginning of year</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Gross cash and short-term securities</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">122</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">4,938</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">12,825</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">17,885</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Net payments in transit, included in other liabilities</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(493</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(390</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(883</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net cash and short-term securities, beginning of year</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">122</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">4,445</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">12,435</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">17,002</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>End of year</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
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 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
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 <td valign="bottom">&#xA0;&#xA0;</td>
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 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
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 &#xA0;&#xA0;</td>
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 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(530</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
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 &#xA0;&#xA0;</td>
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(383</td>
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
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 &#xA0;&#xA0;</td>
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">161</td>
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 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">841</td>
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 <font style="FONT-FAMILY: ARIAL">The following table outlines our
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 and Spread<br />
 Risk</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"><b>Alternative<br />
 <font style="WHITE-SPACE: nowrap">Long-Duration</font><br />
 Asset<br />
 Performance<br />
 Risk</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"><b>Foreign<br />
 Exchange&#xA0;Risk</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Product design and pricing</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">X</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">X</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">X</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">X</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Variable annuity guarantee dynamic hedging</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">X</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">X</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">X</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Macro equity risk hedging</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">X</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">X</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Asset liability management</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">X</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">X</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">X</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">X</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Foreign exchange management</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">X</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfVariableAnnuityAndSegregatedFundGuaranteesNetOfReinsuranceExplanatory', window );">Summary of Variable Annuity and Segregated Fund Guarantees, Net of Reinsurance</a></td>
<td class="text"><div>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt">
 <font style="FONT-FAMILY: ARIAL">The table below shows selected
 information regarding the Company&#x2019;s variable annuity and
 segregated fund investment-related guarantees gross and net of
 reinsurance.</font></p>
 </div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Variable
 annuity and segregated fund guarantees, net of
 reinsurance</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%">
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="98%" align="center" border="0">
 <tr>
 <td width="52%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="12"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="12"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" rowspan="2"><font color="#1F320C"><b>As at
 December&#xA0;31,</b></font><br />
 ($ millions)</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="10" align="center"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="10" align="center">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">Guarantee<br />
 value</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Fund
 value</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">
 Amount<br />
 at&#xA0;risk<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4),(5)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Guarantee<br />
 value</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Fund value</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">Amount<br />
 at&#xA0;risk<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4),(5)</sup></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Guaranteed minimum income benefit<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,201</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,195</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,074</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">5,987</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">4,432</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">1,570</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Guaranteed minimum withdrawal benefit</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>61,767</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>56,512</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>5,943</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">68,594</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">59,593</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">9,135</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Guaranteed minimum accumulation benefit</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>18,162</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>18,705</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>11</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">19,482</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">19,989</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">27</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Gross living benefits<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>85,130</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>79,412</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,028</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">94,063</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">84,014</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">10,732</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Gross death benefits<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>10,743</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>16,973</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,001</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">12,200</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">16,614</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">1,350</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total gross of reinsurance</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;95,873</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;96,385</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>&#xA0;&#xA0;8,029</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">&#xA0;&#xA0;106,263</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">&#xA0;&#xA0;100,628</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">&#xA0;&#xA0;12,082</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Living benefits reinsured</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,522</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>3,667</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>911</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">5,241</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">3,903</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">1,349</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Death benefits reinsured</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,014</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,040</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>435</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">3,429</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">3,202</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">564</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total reinsured</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>7,536</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6,707</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,346</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">8,670</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">7,105</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">1,913</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total, net of reinsurance</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>88,337</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>89,678</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>6,683</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">97,593</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">93,523</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">10,169</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Contracts with guaranteed long-term
 care benefits are included in this category.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Where a policy includes both living
 and death benefits, the guarantee in excess of the living benefit
 is included in the death benefit category as outlined in footnote
 3.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Death benefits include stand-alone
 guarantees and guarantees in excess of living benefit guarantees
 where both death and living benefits are provided on a policy.</td>
 </tr>
 </table>
 </div>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 0pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Amount at risk (in-the-money amount)
 is the excess of guarantee values over fund values on all policies
 where the guarantee value exceeds the fund value. This amount is
 not currently payable. For guaranteed minimum death benefit, the
 amount at risk is defined as the current guaranteed minimum death
 benefit in excess of the current account balance. For guaranteed
 minimum income benefit, the amount at risk is defined as the excess
 of the current annuitization income base over the current account
 value. For all guarantees, the amount at risk is floored at zero at
 the single contract level.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The amount at risk net of reinsurance
 at December&#xA0;31, 2017 was $6,683 million (2016 &#x2013; $10,169
 million) of which: US$3,982 million (2016 &#x2013; US$6,008 million)
 was on our U.S. business, $1,342 million (2016 &#x2013; $1,499
 million) was on our Canadian business, US$95 million (2016 &#x2013;
 US$206 million) was on our Japan business and US$181 million (2016
 &#x2013; US$244 million) was related to Asia (other than Japan) and
 our run-off reinsurance business.</td>
 </tr>
 </table>
 </div>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentCategoriesForVariableContractsWithGuaranteesExplanatory', window );">Summary of Investment Categories for Variable Contracts with Guarantees</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">Variable contracts with
 guarantees, including variable annuities and variable life, are
 invested, at the policyholder&#x2019;s discretion subject to
 contract limitations, in various fund types within the segregated
 fund accounts and other investments. The account balances by
 investment category are set out below.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>As at
 December&#xA0;31,</b></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 5pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-TOP: 0pt; MARGIN-TOP: 0pt">
 </p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="78%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 ($ millions)</p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>Investment category</b></font></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Equity funds</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>47,508</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">41,805</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Balanced funds</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>47,369</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">57,571</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Bond funds</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>13,095</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">11,588</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Money market funds</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,905</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">2,127</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Other fixed interest rate investments</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,777</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,807</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Total</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;111,654</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;114,898</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsExplanatory', window );">Schedule of Potential Immediate Impact on Net Income Attributed to Shareholders Arising from Changes to Public Equity Returns</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Potential
 immediate impact on net income attributed to shareholders arising
 from changes to public equity returns</b><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1),(2),(3),(4)</sup></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 4pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%">
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="55%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <b>As at December&#xA0;31, 2017</b></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 ($ millions)</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">-30%</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">-20%</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">-10%</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">10%</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">20%</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">30%</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Underlying sensitivity to net income attributed to
 shareholders</b><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Variable annuity guarantees</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(3,940</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(2,260</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(960</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>670</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,110</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,410</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Asset based fees</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(510</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(340</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(170</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>170</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>340</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>510</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 General fund equity investments<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(930</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(590</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(270</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>270</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>540</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>810</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total underlying sensitivity before hedging</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(5,380</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(3,190</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(1,400</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,110</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,990</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>2,730</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Impact of macro and dynamic hedge assets<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(7)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>3,220</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,850</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>790</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(640</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,100</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,410</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net potential impact on net income after impact of
 hedging</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(2,160</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,340</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(610</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>470</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>890</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,320</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="16"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 <td height="16" colspan="4"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2016</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 ($ millions)</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">-30%</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">-20%</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">-10%</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">10%</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">20%</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">30%</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top" colspan="4">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Underlying sensitivity to net income attributed to
 shareholders</b><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></p>
 </td>
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>&#xA0;</b></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Variable annuity guarantees</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(4,830</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(2,920</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(1,290</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">1,000</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">1,690</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">2,170</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Asset based fees</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(410</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(280</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(140</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">140</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">280</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">410</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 General fund equity investments<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(910</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(590</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(270</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">240</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">490</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">750</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Total underlying sensitivity before hedging</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(6,150</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(3,790</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(1,700</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">1,380</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">2,460</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">3,330</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Impact of macro and dynamic hedge assets<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(7)</sup></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">4,050</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">2,440</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">1,060</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(910</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">&#xA0;&#xA0;(1,610</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">&#xA0;&#xA0;(2,160</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net potential impact on net income attributed to shareholders
 after impact of hedging</b></p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">(2,100</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">(1,350</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">(640</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">470</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">850</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">$</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">1,170</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">See &#x201C;Caution Related to
 Sensitivities&#x201D; above.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The sensitivities as at
 December&#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&#xA0;1, 2018. Due to the lower
 effective tax rate, the after-tax impact of changes to public
 equity returns increases.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The tables above show the potential
 impact on net income attributed to shareholders resulting from an
 immediate 10%, 20% and 30% change in market values of publicly
 traded equities followed by a return to the expected level of
 growth assumed in the valuation of policy liabilities.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Please refer to &#x201C;Sensitivity of
 Earnings to Changes in Assumptions&#x201D; for more information on
 the level of growth assumed and on the net income sensitivity to
 changes in these long-term assumptions.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Defined as earnings sensitivity to a
 change in public equity markets including settlements on
 reinsurance contracts, but before the offset of hedge assets or
 other risk mitigants.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">This impact for general fund equities
 is calculated as at a point-in-time and does not include:
 (i)&#xA0;any potential impact on public equity weightings;
 (ii)&#xA0;any gains or losses on AFS public equities held in the
 Corporate and Other segment; or (iii)&#xA0;any gains or losses on
 public equity investments held in Manulife Bank. The participating
 policy funds are largely self-supporting and generate no material
 impact on net income attributed to shareholders as a result of
 changes in equity markets.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(7)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Includes the impact of rebalancing
 equity hedges in the macro and dynamic hedging program. The impact
 of dynamic hedge rebalancing represents the impact of rebalancing
 equity hedges for dynamically hedged variable annuity guarantee
 best estimate liabilities at 5% intervals, but does not include any
 impact in respect of other sources of hedge ineffectiveness (e.g.
 fund tracking, realized volatility and equity, interest rate
 correlations different from expected among other factors).</td>
 </tr>
 </table>
 </div>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfPotentialImmediateImpactOnMCCSRByChangesToPublicEquityReturnsExplanatory', window );">Schedule of Potential Immediate Impact on MLI's MCCSR Ratio Arising from Public Equity Returns</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Potential
 immediate impact on MLI&#x2019;s MCCSR ratio arising from public
 equity returns different than the expected return for policy
 liability valuation</b><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1),(2),(3),(4)</sup></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="51%"></td>
 <td valign="bottom" width="7%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="6%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="22" align="center"><b>Impact on MLI&#x2019;s MCCSR
 ratio</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>Percentage points</b></font></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">-30%</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">-20%</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">-10%</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">10%</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">20%</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" nowrap="nowrap" align="right">30%</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>December&#xA0;31, 2017</b></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(14</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(8</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(4</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>3</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>11</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>14</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 December&#xA0;31, 2016</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">(12</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">(8</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">(4</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">3</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">14</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">18</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td>&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">See &#x201C;Caution Related to
 Sensitivities&#x201D; above. In addition, estimates exclude changes
 to the net actuarial gains/losses with respect to the
 Company&#x2019;s pension obligations as a result of changes in
 equity markets, as the impact on the quoted sensitivities is not
 considered to be material.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td>&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The sensitivities as at
 December&#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&#xA0;1, 2018. Due to the lower
 effective tax rate, the after-tax impact of changes to public
 equity returns increases.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td>&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The potential impact is shown
 assuming that the change in value of the hedge assets does not
 completely offset the change in the dynamically hedged variable
 annuity guarantee liabilities. The estimated amount that would not
 be completely offset relates to our practices of not hedging the
 provisions for adverse deviation and of rebalancing equity hedges
 for dynamically hedged variable annuity liabilities at 5%
 intervals.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td>&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">OSFI rules for segregated fund
 guarantees reflect full capital impacts of shocks over 20 quarters
 within a prescribed range. As such, the deterioration in equity
 markets could lead to further increases in capital requirements
 after the initial shock.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfPotentialImpactOnNetIncomeAttributedToShareholdersAndMLIMMCCSRRatioOfImmediateParallelChangeInInterestRatesRelativeToRatesAssumedInValuationOfPolicyLiabilitiesTextBlock', window );">Summary of Potential impact on net income attributed to shareholders and MLI's MCCSR ratio of an immediate parallel change in interest rates relative to rates assumed in the valuation of policy liabilities</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; MARGIN-LEFT: 0px; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 14pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Potential impact on net income attributed
 to shareholders and MLI&#x2019;s MCCSR ratio of an immediate
 parallel change in interest rates relative to rates assumed in the
 valuation of policy liabilities</b></font><font style="FONT-SIZE: 6pt; FONT-FAMILY: ARIAL" color="#1F320C"><sup style="FONT-SIZE: 6px; VERTICAL-ALIGN: top">(1),(2),(3),(4),(5)</sup></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td></td>
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 <td width="80%"></td>
 <td valign="bottom" width="1%"></td>
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 <td></td>
 </tr>
 <tr style="FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; break-inside: avoid" bgcolor="#E9EDF2">
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid" bgcolor="#E9EDF2">
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid" bgcolor="#E9EDF2">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">-50bp</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">+50bp</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">-50bp</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">+50bp</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid" bgcolor="#E9EDF2">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Net income attributed to shareholders ($ millions)</b></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid" bgcolor="#E9EDF2">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Excluding change in market value of AFS fixed income assets held in
 the surplus segment</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>(200</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>100</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">$</td>
 <td valign="bottom" nowrap="nowrap" align="right">&#x2013;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid" bgcolor="#E9EDF2">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 From fair value changes in AFS fixed income assets held in surplus,
 if realized</p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;1,100</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(1,000)</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;1,000</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;(900)</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>MLI&#x2019;s MCCSR ratio (Percentage points)</b></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td bgcolor="#DDE0DA" valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Before impact of change in market value of AFS fixed income assets
 held in the surplus segment<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(6)</sup></p>
 </td>
 <td valign="bottom">&#xA0;</td>
 <td valign="top"></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>(7</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>5</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">(6</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;5&#xA0;&#xA0;</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 From fair value changes in AFS fixed income assets held in surplus,
 if realized</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <font size="1">&#xA0;</font></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>4</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(5</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;1</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(4)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 <font size="1">&#xA0;</font></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <div style="FONT-SIZE: medium; MAX-WIDTH: 100%; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); PADDING-BOTTOM: 3pt; FONT-STYLE: normal; PADDING-TOP: 2pt; MARGIN-LEFT: -15px; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -15px; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">See &#x201C;Caution Related to
 Sensitivities&#x201D; above. In addition, estimates exclude changes
 to the net actuarial gains/losses with respect to the
 Company&#x2019;s pension obligations as a result of changes in
 interest rates, as the impact on the quoted sensitivities is not
 considered to be material.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The sensitivities as at
 December&#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&#xA0;1, 2018 and the decision to change
 the portfolio asset mix supporting our legacy businesses over the
 next 12-18 months.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Includes guaranteed insurance and
 annuity products, including variable annuity contracts as well as
 adjustable benefit products where benefits are generally adjusted
 as interest rates and investment returns change, a portion of which
 have minimum credited rate guarantees. For adjustable benefit
 products subject to minimum rate guarantees, the sensitivities are
 based on the assumption that credited rates will be floored at the
 minimum.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(4)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The amount of gain or loss that can
 be realized on AFS fixed income assets held in the surplus segment
 will depend on the aggregate amount of unrealized gain or
 loss.</td>
 </tr>
 </table>
 </div>
 <div style="FONT-SIZE: medium; MAX-WIDTH: 100%; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); PADDING-BOTTOM: 3pt; FONT-STYLE: normal; PADDING-TOP: 2pt; MARGIN-LEFT: -15px; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -15px; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 0pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(5)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Sensitivities are based on projected
 asset and liability cash flows and the impact of realizing fair
 value changes in AFS fixed income is based on the holdings at the
 end of the period.</td>
 </tr>
 </table>
 </div>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(6)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The impact on MLI&#x2019;s MCCSR ratio
 includes both the impact of lower earnings on available capital as
 well as the increase in required capital that results from a
 decline in</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="2%" align="right">interest</td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">rates.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfPotentialImpactOnCoreEarningsArisingFromCurrencyChangesRelativeToKeyOperatingCurrenciesTextBlock', window );">Schedule of Currency Changes Relative to Key Operating Currencies Potential mpact on Core Earnings</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Potential
 impact on core earnings</b></font><font style="FONT-SIZE: 6pt; FONT-FAMILY: ARIAL" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1),(2),(3)</sup></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="64%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="4%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 1pt">
 <td height="5"></td>
 <td bgcolor="#DDE0DA" height="5" colspan="8"></td>
 <td height="5" colspan="4"></td>
 <td height="5" colspan="8"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="6" align="center">2016</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 ($ millions)</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">+10%<br />
 strengthening</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">-10%<br />
 weakening</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">+10%<br />
 strengthening</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right">-10%<br />
 weakening</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 10% change in the Canadian dollar relative to the U.S. dollar and
 the Hong Kong dollar</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;(280)</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;280</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" align="right">$&#xA0;&#xA0;(230</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;230</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 10% change in the Canadian dollar relative to the Japanese yen</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(60)</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>60</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">(50</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">50</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup>&#xA0;</td>
 <td valign="top" align="left">This item is a non-GAAP measure. See
 &#x201C;Performance and Non-GAAP Measures&#x201D; below.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup>&#xA0;</td>
 <td valign="top" align="left">See &#x201C;Caution Related to
 Sensitivities&#x201D; above.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="left"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup>&#xA0;</td>
 <td valign="top" align="left">The sensitivities as at
 December&#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&#xA0;1, 2018.</td>
 </tr>
 </table>
 </div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfFinancialLiabilitiesMaturityExplanatory', window );">Schedule of Maturity of Financial Liabilities</a></td>
<td class="text"><div>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%">
 <p style="FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; PADDING-BOTTOM: 0pt; MARGIN: 6pt 1% 0pt">
 <font style="FONT-FAMILY: ARIAL">The following table outlines the
 maturity of the Company&#x2019;s significant financial
 liabilities.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><font color="#1F320C"><b>Maturity of financial liabilities<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></b></font></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C">&#xA0;</font></font></p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -1%">
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="57%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="3%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at December&#xA0;31,
 2017</b></font></p>
 <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 ($ millions)</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Less than<br />
 1 year</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">1&#xA0;to&#xA0;3&#xA0;years</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">3&#xA0;to&#xA0;5&#xA0;years</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Over<br />
 5&#xA0;years</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" nowrap="nowrap" align="right">Total</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Long-term debt</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>401</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>626</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;3,758</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>4,785</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Capital instruments</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>8,387</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>8,387</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Derivatives</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>224</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>149</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right"><b>168</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,281</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>7,822</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Deposits from Bank clients<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>15,322</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,373</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>1,436</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap" align="right"><b>&#x2013;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>18,131</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Lease obligations</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>126</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>172</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>89</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>451</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>838</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C">&#xA0;</font></font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The amounts shown above are net of
 the related unamortized deferred issue costs.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Carrying value and fair value of
 deposits from Bank clients as at December&#xA0;31, 2017 was $18,131
 million and $18,149 million, respectively (2016 &#x2013; $17,919
 million and $17,978 million, respectively). Fair value is
 determined by discounting contractual cash flows, using market
 interest rates currently offered for deposits with similar terms
 and conditions. All deposits from Bank clients were categorized in
 Level 2 of the fair value hierarchy (2016 &#x2013; Level 2).</td>
 </tr>
 </table>
 </div>
 </div>
 </div><span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_AlternativeLongDurationAssetPerformanceRiskMember', window );">Alternative Long-Duration Asset Performance Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfPotentialImpactOnNetIncomeAttributedToShareholdersArisingFromChangesToSpreadsExplanatory', window );">Summary of Potential Impact on Net Income Attributed to Shareholders Arising from Changes to Spreads</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; MARGIN-LEFT: 0px; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <font color="#1F320C"><b>Potential impact on net income attributed
 to shareholders arising from changes in ALDA returns</b><sup style="FONT-SIZE: 10px; VERTICAL-ALIGN: top">(1),(2),(3),(4),(5),(6),(7)</sup></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(255,255,255); TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 &#xA0;</p>
 <div style="FONT-SIZE: medium; MAX-WIDTH: 100%; FONT-FAMILY: ARIAL; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); PADDING-BOTTOM: 3pt; FONT-STYLE: normal; PADDING-TOP: 2pt; MARGIN-LEFT: -15px; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; BACKGROUND-COLOR: rgb(233,237,242); MARGIN-RIGHT: -15px; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial">
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="65%"></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td valign="bottom" width="1%"></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" rowspan="2">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; MARGIN-TOP: 0pt">
 ($ millions)</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="6" align="center">
 <b>2017</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="6" align="center">2016</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">-10%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" colspan="2" align="right">10%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom" colspan="2">&#xA0;</td>
 <td valign="bottom">&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">-10%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" colspan="2" align="right">10%</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Real estate, agriculture and timber assets</p>
 </td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>$&#xA0;&#xA0;(1,300</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>)&#xA0;</b></td>
 <td bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;1,300</b></td>
 <td bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap">
 <b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;(1,300</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">&#xA0;&#xA0;1,200</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 Private equities and other ALDA</p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>(1,500</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" align="right"><b>1,400</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">(1,200</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" align="right">1,200</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1px solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; break-inside: avoid">
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Alternative long-duration assets</b></p>
 </td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>$&#xA0;&#xA0;(2,800</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom">&#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom"><b>$</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" align="right">
 <b>&#xA0;&#xA0;2,700</b></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" bgcolor="#DDE0DA" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">(2,500</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom">
 $</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" align="right">2,400</td>
 <td style="BORDER-BOTTOM: rgb(31,50,12) 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 &#xA0;</p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">See &#x201C;Caution Related to
 Sensitivities&#x201D; above.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The sensitivities as at
 December&#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&#xA0;1, 2018.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">This impact is calculated as at a
 point-in-time impact and does not include: (i)&#xA0;any potential
 impact on ALDA weightings or (ii)&#xA0;any gains or losses on ALDA
 held in the Corporate and Other segment.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(4)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The participating policy funds are
 largely self-supporting and generate no material impact on net
 income attributed to shareholders as a result of changes in ALDA
 returns. For some classes of ALDA, where there is not an
 appropriate long-term benchmark available, the return assumptions
 used in valuation are not permitted by the Standards of Practice
 and CIA guidance to result in a lower reserve than an assumption
 based on a historical return benchmark for public equities in the
 same jurisdiction.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(5)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Net income impact does not consider
 any impact of the market correction on assumed future return
 assumptions.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(6)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Please refer to &#x201C;Sensitivity of
 Earnings to Changes in Assumptions&#x201D; below, for more
 information on the level of growth assumed and on the net income
 sensitivity to changes in these long-term assumptions.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="break-inside: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 7px; VERTICAL-ALIGN: top">(7)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The sensitivities as at
 December&#xA0;31, 2017 do not include the impact of the decision to
 change the portfolio asset mix supporting our North American legacy
 business as no changes to the portfolio had been made as of that
 date. The reduction in the allocation to ALDA in the portfolio
 asset mix will be reflected in the sensitivity as it occurs over
 the next 12-18 months.</td>
 </tr>
 </table>
 </div>
 </div><span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_CorporateAndSwapSpreadsMember', window );">Corporate and swap spreads [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfPotentialImpactOnNetIncomeAttributedToShareholdersArisingFromChangesToSpreadsExplanatory', window );">Summary of Potential Impact on Net Income Attributed to Shareholders Arising from Changes to Spreads</a></td>
<td class="text"><div>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 6pt">
 <font style="FONT-FAMILY: ARIAL">The following tables show the
 potential impact on net income attributed to shareholders resulting
 from a change in corporate spreads and swap spreads over government
 bond rates for all maturities across all markets with a floor of
 zero on the total interest rate, relative to the spreads assumed in
 the valuation of policy liabilities.</font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 0%; MARGIN-TOP: 14pt">
 <font style="FONT-FAMILY: ARIAL"><font color="#1F320C"><b>Potential
 impact on net income attributed to shareholders arising from
 changes to corporate spreads and swap
 spreads</b></font><font style="FONT-SIZE: 6pt; FONT-FAMILY: ARIAL" color="#1F320C"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1),(2),(3),(4)</sup></font></font></p>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <div style="MAX-WIDTH: 100%; PADDING-BOTTOM: 3pt; PADDING-TOP: 2pt; MARGIN-LEFT: -1%; BACKGROUND-COLOR: #e9edf2; MARGIN-RIGHT: -1%">
 <table style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
 <tr>
 <td width="87%"></td>
 <td valign="bottom" width="3%"></td>
 <td></td>
 <td></td>
 <td></td>
 <td valign="bottom" width="2%"></td>
 <td></td>
 <td></td>
 <td></td>
 </tr>
 <tr style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <font color="#1F320C"><b>As at December&#xA0;31,</b></font><br />
 ($ millions)</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"><b>2017</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" colspan="2" align="right"><b>2016</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Corporate spreads</b><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5),(6)</sup></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Increase 50 basis points</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"><b>$</b></td>
 <td valign="bottom" align="right">
 <b>&#xA0;&#xA0;&#xA0;1,000</b></td>
 <td valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">700</td>
 <td valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Decrease 50 basis points</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 <b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right"><b>(1,000</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" align="right">(800</td>
 <td style="BORDER-BOTTOM: #1f320c 1px solid" valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em">
 <b>Swap spreads</b></p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 <td valign="bottom"></td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Increase 20 basis points</p>
 </td>
 <td valign="bottom">&#xA0;&#xA0;</td>
 <td valign="bottom"><b>$</b></td>
 <td valign="bottom" align="right"><b>(400</b></td>
 <td valign="bottom" nowrap="nowrap"><b>)&#xA0;</b></td>
 <td valign="bottom">&#xA0;</td>
 <td valign="bottom">$</td>
 <td valign="bottom" align="right">(500</td>
 <td valign="bottom" nowrap="nowrap">)&#xA0;</td>
 </tr>
 <tr style="FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; PAGE-BREAK-INSIDE: avoid">
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="top">
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: ARIAL; MARGIN-LEFT: 3em; MARGIN-TOP: 0pt; TEXT-INDENT: -1.5em">
 Decrease 20 basis points</p>
 </td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;&#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 <b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right"><b>400</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap"><b>&#xA0;</b></td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom">
 &#xA0;</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" align="right">500</td>
 <td style="BORDER-BOTTOM: #1f320c 1pt solid" valign="bottom" nowrap="nowrap">&#xA0;</td>
 </tr>
 </table>
 <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 2pt; MARGIN-TOP: 0pt">
 <font style="FONT-FAMILY: ARIAL">&#xA0;</font></p>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">See &#x201C;Caution Related to
 Sensitivities&#x201D; above.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The sensitivities as at
 December&#xA0;31, 2017 include the impact of lower U.S. corporate
 tax rates effective January&#xA0;1, 2018 and the decision to change
 the portfolio asset mix of our North American legacy businesses
 over the next 12-18 months.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">The impact on net income attributed
 to shareholders assumes no gains or losses are realized on our AFS
 fixed income assets held in the surplus segment and excludes the
 impact of changes in segregated fund bond values due to changes in
 credit spreads. The participating policy funds are largely
 self-supporting and generate no material impact on net income
 attributed to shareholders as a result of changes in corporate and
 swap spreads.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Sensitivities are based on projected
 asset and liability cash flows.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">Corporate spreads are assumed to
 grade to the long-term average over five years.</td>
 </tr>
 </table>
 <table style="FONT-SIZE: 7pt; FONT-FAMILY: ARIAL; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0">
 <tr style="PAGE-BREAK-INSIDE: avoid">
 <td width="1%">&#xA0;</td>
 <td valign="top" width="1%" align="right"><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></td>
 <td style="FONT-SIZE: 8pt" valign="top" width="1%">&#xA0;</td>
 <td valign="top" align="left">As the sensitivity to a 50 basis
 point decline in corporate spreads includes the impact of a change
 in deterministic reinvestment scenarios where applicable, the
 impact of changes to corporate spreads for less than, or more than,
 the amounts indicated are unlikely to be linear.</td>
 </tr>
 </table>
 </div>
 </div><span></span>
</td>
</tr>
</table>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of Potential Impact on Net Income Attributed to Shareholders and MLI's MCCSR Ratio of Immediate Parallel Change in Interest Rates Relative to Rates Assumed in Valuation of Policy Liabilities [text block]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">mfc_DisclosureOfPotentialImpactOnNetIncomeAttributedToShareholdersAndMLIMMCCSRRatioOfImmediateParallelChangeInInterestRatesRelativeToRatesAssumedInValuationOfPolicyLiabilitiesTextBlock</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of potential impact on net income attributed to shareholders arising from changes to spreads.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6891533520">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Nature of Operations and Significant Accounting Policies - Additional Information (Detail)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember', window );">Bottom of range [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfChangesInAccountingEstimatesLineItems', window );"><strong>Disclosure of changes in accounting estimates [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PropertyPlantAndEquipmentEstimatedUsefulLife', window );">Estimated useful life of property</a></td>
<td class="text">30 years<span></span>
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</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FiniteLivedIntangibleAssetUsefulLife1', window );">Finite -Lived intangible assets, useful life</a></td>
<td class="text">6 years<span></span>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CapitalAssetUsefulLife', window );">Capital asset, useful life</a></td>
<td class="text">2 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember', window );">Bottom of range [Member] | Software [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfChangesInAccountingEstimatesLineItems', window );"><strong>Disclosure of changes in accounting estimates [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FiniteLivedIntangibleAssetUsefulLife1', window );">Finite -Lived intangible assets, useful life</a></td>
<td class="text">3 years<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember', window );">Top of range [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfChangesInAccountingEstimatesLineItems', window );"><strong>Disclosure of changes in accounting estimates [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PropertyPlantAndEquipmentEstimatedUsefulLife', window );">Estimated useful life of property</a></td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FiniteLivedIntangibleAssetUsefulLife1', window );">Finite -Lived intangible assets, useful life</a></td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CapitalAssetUsefulLife', window );">Capital asset, useful life</a></td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember', window );">Top of range [Member] | Software [Member]</a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfChangesInAccountingEstimatesLineItems', window );"><strong>Disclosure of changes in accounting estimates [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FiniteLivedIntangibleAssetUsefulLife1', window );">Finite -Lived intangible assets, useful life</a></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis=ifrs-full_ComputerSoftwareMember</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>84
<FILENAME>R55.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6892871376">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Acquisition and Distribution Agreements - Additional Information (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Nov. 01, 2016</div></th>
<th class="th"><div>Jan. 01, 2016</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=mfc_StandardCharteredsMandatoryProvidentFundAndOccupationalRetirementSchemesOrdinanceMember', window );">Standard Chartered's Mandatory Provident Fund and Occupational Retirement Schemes Ordinance [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashTransferred', window );">Consideration paid in cash</a></td>
<td class="nump">CAD 392<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DistributionPartnershipAgreementTerm', window );">Distribution partnership agreement term</a></td>
<td class="text">15 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=mfc_CreditFacilityWithDbsBankLtdMember', window );">DBS Bank Ltd [Member] | Distribution networks [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems', window );"><strong>Disclosure of detailed information about business combination [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate', window );">Intangible assets recognized</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 536<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_RegionalDistributionAgreementTerm', window );">Regional distribution agreement term</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">15 years<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashTransferred">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value, at acquisition date, of cash transferred as consideration in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B64<br> -Subparagraph f<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B64_f_i&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashTransferred</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfBusinessCombinationsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfBusinessCombinationsLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for identifiable intangible assets acquired in a business combination. [Refer: Intangible assets other than goodwill; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph IE72<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_IE72&amp;doctype=Illustrative%20Examples<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IdentifiableIntangibleAssetsRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DistributionPartnershipAgreementTerm">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Distribution partnership agreement term.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DistributionPartnershipAgreementTerm</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_RegionalDistributionAgreementTerm">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Regional distribution agreement term.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_RegionalDistributionAgreementTerm</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BusinessCombinationsAxis=mfc_StandardCharteredsMandatoryProvidentFundAndOccupationalRetirementSchemesOrdinanceMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BusinessCombinationsAxis=mfc_StandardCharteredsMandatoryProvidentFundAndOccupationalRetirementSchemesOrdinanceMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BusinessCombinationsAxis=mfc_CreditFacilityWithDbsBankLtdMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BusinessCombinationsAxis=mfc_CreditFacilityWithDbsBankLtdMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis=mfc_DistributionNetworksMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis=mfc_DistributionNetworksMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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</div>
</body>
</html>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>85
<FILENAME>R56.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6936500704">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Invested Assets and Investment Income - Schedule of Carrying Values and Fair Values of Invested Assets (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and short-term securities</a></td>
<td class="nump">CAD 15,965<span></span>
</td>
<td class="nump">CAD 15,151<span></span>
</td>
<td class="nump">CAD 17,885<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">174,000<span></span>
</td>
<td class="nump">168,622<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityInstrumentsHeld', window );">Public equities</a></td>
<td class="nump">21,545<span></span>
</td>
<td class="nump">19,496<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_Mortgages', window );">Mortgages</a></td>
<td class="nump">44,742<span></span>
</td>
<td class="nump">44,193<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PrivatePlacements', window );">Private placements</a></td>
<td class="nump">32,132<span></span>
</td>
<td class="nump">29,729<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentsForRiskOfPolicyholders', window );">Policy loans</a></td>
<td class="nump">5,808<span></span>
</td>
<td class="nump">6,041<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LoansAndAdvancesToCustomers', window );">Loans to bank clients</a></td>
<td class="nump">1,737<span></span>
</td>
<td class="nump">1,745<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentProperty', window );">Real estate</a></td>
<td class="nump">13,810<span></span>
</td>
<td class="nump">14,132<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherInvestedAssets', window );">Other invested assets</a></td>
<td class="nump">24,483<span></span>
</td>
<td class="nump">22,760<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestedAssets', window );">Total invested assets</a></td>
<td class="nump">334,222<span></span>
</td>
<td class="nump">321,869<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and short-term securities</a></td>
<td class="nump">439<span></span>
</td>
<td class="nump">269<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityInstrumentsHeld', window );">Public equities</a></td>
<td class="nump">18,473<span></span>
</td>
<td class="nump">16,531<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestedAssets', window );">Total invested assets</a></td>
<td class="nump">178,096<span></span>
</td>
<td class="nump">168,561<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAvailableforsaleCategoryMember', window );">AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and short-term securities</a></td>
<td class="nump">11,429<span></span>
</td>
<td class="nump">11,705<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityInstrumentsHeld', window );">Public equities</a></td>
<td class="nump">3,072<span></span>
</td>
<td class="nump">2,965<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestedAssets', window );">Total invested assets</a></td>
<td class="nump">41,565<span></span>
</td>
<td class="nump">42,498<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_OtherInvestedAssetsMember', window );">Other invested assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and short-term securities</a></td>
<td class="nump">4,097<span></span>
</td>
<td class="nump">3,177<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_Mortgages', window );">Mortgages</a></td>
<td class="nump">44,742<span></span>
</td>
<td class="nump">44,193<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PrivatePlacements', window );">Private placements</a></td>
<td class="nump">32,132<span></span>
</td>
<td class="nump">29,729<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentsForRiskOfPolicyholders', window );">Policy loans</a></td>
<td class="nump">5,808<span></span>
</td>
<td class="nump">6,041<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LoansAndAdvancesToCustomers', window );">Loans to bank clients</a></td>
<td class="nump">1,737<span></span>
</td>
<td class="nump">1,745<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestedAssets', window );">Total invested assets</a></td>
<td class="nump">114,561<span></span>
</td>
<td class="nump">110,810<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember', window );">Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Cash and short-term securities</a></td>
<td class="nump">15,965<span></span>
</td>
<td class="nump">15,151<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityInstrumentsHeld', window );">Public equities</a></td>
<td class="nump">21,545<span></span>
</td>
<td class="nump">19,496<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_Mortgages', window );">Mortgages</a></td>
<td class="nump">46,065<span></span>
</td>
<td class="nump">45,665<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PrivatePlacements', window );">Private placements</a></td>
<td class="nump">34,581<span></span>
</td>
<td class="nump">31,459<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentsForRiskOfPolicyholders', window );">Policy loans</a></td>
<td class="nump">5,808<span></span>
</td>
<td class="nump">6,041<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LoansAndAdvancesToCustomers', window );">Loans to bank clients</a></td>
<td class="nump">1,742<span></span>
</td>
<td class="nump">1,746<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestedAssets', window );">Total invested assets</a></td>
<td class="nump">339,488<span></span>
</td>
<td class="nump">326,563<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_CanadianGovernmentAndAgencyMember', window );">Canadian government and agency [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">22,778<span></span>
</td>
<td class="nump">24,745<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_CanadianGovernmentAndAgencyMember', window );">Canadian government and agency [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">17,886<span></span>
</td>
<td class="nump">18,030<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_CanadianGovernmentAndAgencyMember', window );">Canadian government and agency [Member] | AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">4,892<span></span>
</td>
<td class="nump">6,715<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_CanadianGovernmentAndAgencyMember', window );">Canadian government and agency [Member] | Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">22,778<span></span>
</td>
<td class="nump">24,745<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_UnitedStatesGovernmentAndAgenciesMember', window );">U.S. government and agency [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">25,969<span></span>
</td>
<td class="nump">27,304<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_UnitedStatesGovernmentAndAgenciesMember', window );">U.S. government and agency [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">12,497<span></span>
</td>
<td class="nump">13,971<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_UnitedStatesGovernmentAndAgenciesMember', window );">U.S. government and agency [Member] | AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">13,472<span></span>
</td>
<td class="nump">13,333<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_UnitedStatesGovernmentAndAgenciesMember', window );">U.S. government and agency [Member] | Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">25,969<span></span>
</td>
<td class="nump">27,304<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_OtherGovernmentAndAgencyMember', window );">Other government and agency [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">19,826<span></span>
</td>
<td class="nump">20,941<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_OtherGovernmentAndAgencyMember', window );">Other government and agency [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">16,838<span></span>
</td>
<td class="nump">18,629<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_OtherGovernmentAndAgencyMember', window );">Other government and agency [Member] | AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">2,988<span></span>
</td>
<td class="nump">2,312<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_OtherGovernmentAndAgencyMember', window );">Other government and agency [Member] | Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">19,826<span></span>
</td>
<td class="nump">20,941<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_CorporateDebtMember', window );">Corporate [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">102,151<span></span>
</td>
<td class="nump">92,415<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_CorporateDebtMember', window );">Corporate [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">96,785<span></span>
</td>
<td class="nump">87,374<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_CorporateDebtMember', window );">Corporate [Member] | AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">5,366<span></span>
</td>
<td class="nump">5,041<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_CorporateDebtMember', window );">Corporate [Member] | Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">102,151<span></span>
</td>
<td class="nump">92,415<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_MortgageBackedOrAssetBackedSecuritiesMember', window );">Mortgage/asset-backed securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">3,276<span></span>
</td>
<td class="nump">3,217<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_MortgageBackedOrAssetBackedSecuritiesMember', window );">Mortgage/asset-backed securities [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">3,018<span></span>
</td>
<td class="nump">2,886<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_MortgageBackedOrAssetBackedSecuritiesMember', window );">Mortgage/asset-backed securities [Member] | AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">258<span></span>
</td>
<td class="nump">331<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_MortgageBackedOrAssetBackedSecuritiesMember', window );">Mortgage/asset-backed securities [Member] | Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">3,276<span></span>
</td>
<td class="nump">3,217<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_RealEstateOwnUsePropertyMember', window );">Real estate own use property [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentProperty', window );">Real estate</a></td>
<td class="nump">1,281<span></span>
</td>
<td class="nump">1,376<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_RealEstateOwnUsePropertyMember', window );">Real estate own use property [Member] | Other invested assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentProperty', window );">Real estate</a></td>
<td class="nump">1,281<span></span>
</td>
<td class="nump">1,376<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_RealEstateOwnUsePropertyMember', window );">Real estate own use property [Member] | Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentProperty', window );">Real estate</a></td>
<td class="nump">2,448<span></span>
</td>
<td class="nump">2,524<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_InvestmentPropertyMember', window );">Investment property [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentProperty', window );">Real estate</a></td>
<td class="nump">12,529<span></span>
</td>
<td class="nump">12,756<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_InvestmentPropertyMember', window );">Investment property [Member] | Other invested assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentProperty', window );">Real estate</a></td>
<td class="nump">12,529<span></span>
</td>
<td class="nump">12,756<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_InvestmentPropertyMember', window );">Investment property [Member] | Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentProperty', window );">Real estate</a></td>
<td class="nump">12,529<span></span>
</td>
<td class="nump">12,756<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_AlternativeLongdurationAssetsMember', window );">Alternative long-duration assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherInvestedAssets', window );">Other invested assets</a></td>
<td class="nump">20,730<span></span>
</td>
<td class="nump">18,851<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_AlternativeLongdurationAssetsMember', window );">Alternative long-duration assets [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherInvestedAssets', window );">Other invested assets</a></td>
<td class="nump">12,018<span></span>
</td>
<td class="nump">10,707<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_AlternativeLongdurationAssetsMember', window );">Alternative long-duration assets [Member] | AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherInvestedAssets', window );">Other invested assets</a></td>
<td class="nump">88<span></span>
</td>
<td class="nump">96<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_AlternativeLongdurationAssetsMember', window );">Alternative long-duration assets [Member] | Other invested assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherInvestedAssets', window );">Other invested assets</a></td>
<td class="nump">8,624<span></span>
</td>
<td class="nump">8,048<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_AlternativeLongdurationAssetsMember', window );">Alternative long-duration assets [Member] | Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherInvestedAssets', window );">Other invested assets</a></td>
<td class="nump">21,053<span></span>
</td>
<td class="nump">19,193<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_VariousOtherInvestedAssetsMember', window );">Various other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherInvestedAssets', window );">Other invested assets</a></td>
<td class="nump">3,753<span></span>
</td>
<td class="nump">3,909<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_VariousOtherInvestedAssetsMember', window );">Various other [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherInvestedAssets', window );">Other invested assets</a></td>
<td class="nump">142<span></span>
</td>
<td class="nump">164<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_VariousOtherInvestedAssetsMember', window );">Various other [Member] | Other invested assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherInvestedAssets', window );">Other invested assets</a></td>
<td class="nump">3,611<span></span>
</td>
<td class="nump">3,745<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_VariousOtherInvestedAssetsMember', window );">Various other [Member] | Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherInvestedAssets', window );">Other invested assets</a></td>
<td class="nump">CAD 3,752<span></span>
</td>
<td class="nump">CAD 3,910<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B13<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DebtInstrumentsHeld">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of instruments representing indebtedness held by the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DebtInstrumentsHeld</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityInstrumentsHeld">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of instruments held by the entity that provide evidence of a residual interest in the assets of another entity after deducting all of its liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityInstrumentsHeld</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InvestmentProperty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Expiry date 2019-01-01: The amount of property (land or a building - or part of a building - or both) held (by the owner or by the lessee under a finance lease) to earn rentals or for capital appreciation or both, rather than for: (a) use in the production or supply of goods or services or for administrative purposes; or (b) sale in the ordinary course of business.
Effective 2019-01-01: The amount of property (land or a building - or part of a building - or both) held (by the owner or by the lessee as a right-of-use asset) to earn rentals or for capital appreciation or both, rather than for: (a) use in the production or supply of goods or services or for administrative purposes; or (b) sale in the ordinary course of business.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 40<br> -IssueDate 2017-01-01<br> -Paragraph 76<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=40&amp;date=2017-03-01&amp;anchor=para_76&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 40<br> -IssueDate 2017-01-01<br> -Paragraph 79<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=40&amp;date=2017-03-01&amp;anchor=para_79_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InvestmentProperty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InvestmentsForRiskOfPolicyholders">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of investments against insurance liabilities where all risk is borne by the policyholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InvestmentsForRiskOfPolicyholders</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LoansAndAdvancesToCustomers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of loans and advances the entity has made to customers.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LoansAndAdvancesToCustomers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_InvestedAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Invested assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_InvestedAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_Mortgages">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Mortgages.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_Mortgages</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_OtherInvestedAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Other invested assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_OtherInvestedAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_PrivatePlacements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Investment in private placements of other companies.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_PrivatePlacements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAvailableforsaleCategoryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAvailableforsaleCategoryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_OtherInvestedAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_OtherInvestedAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=mfc_CanadianGovernmentAndAgencyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_CanadianGovernmentAndAgencyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=mfc_UnitedStatesGovernmentAndAgenciesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_UnitedStatesGovernmentAndAgenciesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=mfc_OtherGovernmentAndAgencyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_OtherGovernmentAndAgencyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=mfc_CorporateDebtMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_CorporateDebtMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=mfc_MortgageBackedOrAssetBackedSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_MortgageBackedOrAssetBackedSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=mfc_RealEstateOwnUsePropertyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_RealEstateOwnUsePropertyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_InvestmentPropertyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=ifrs-full_InvestmentPropertyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=mfc_AlternativeLongdurationAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_AlternativeLongdurationAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=mfc_VariousOtherInvestedAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_VariousOtherInvestedAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6892916352">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Invested Assets and Investment Income - Schedule of Carrying Values and Fair Values of Invested Assets (Parenthetical) (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">CAD 174,000<span></span>
</td>
<td class="nump">CAD 168,622<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Less than 1 year [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">1,768<span></span>
</td>
<td class="nump">893<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=mfc_NotLaterThanNinetyDaysMember', window );">Less than 90 days [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">161<span></span>
</td>
<td class="nump">192<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_CashAndShortTermSecuritiesMember', window );">Cash and short-term securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents', window );">Short-term securities with maturities of less than one year</a></td>
<td class="nump">2,737<span></span>
</td>
<td class="nump">3,111<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashEquivalents', window );">Cash equivalents</a></td>
<td class="nump">9,131<span></span>
</td>
<td class="nump">8,863<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Cash', window );">Cash</a></td>
<td class="nump">4,097<span></span>
</td>
<td class="nump">3,177<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_OtherAssetsMember', window );">Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherInvestedAssetsLeveragedLeases', window );">Other invested assets leveraged leases</a></td>
<td class="nump">3,273<span></span>
</td>
<td class="nump">3,369<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedDepreciationAndAmortisationMember', window );">Accumulated depreciation and amortisation [Member] | Real estate own use property [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PropertyPlantAndEquipment', window );">Accumulated depreciation of own use property</a></td>
<td class="nump">389<span></span>
</td>
<td class="nump">404<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mfc_PrivateEquityInvestmentsMember', window );">Private equity [Member] | Alternative long-duration assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Total carrying value</a></td>
<td class="nump">4,959<span></span>
</td>
<td class="nump">4,619<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mfc_PowerAndInfrastructureInvestmentsMember', window );">Power and infrastructure [Member] | Alternative long-duration assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Total carrying value</a></td>
<td class="nump">7,355<span></span>
</td>
<td class="nump">6,679<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mfc_OilAndGasInvestmentsMember', window );">Oil and gas [Member] | Alternative long-duration assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Total carrying value</a></td>
<td class="nump">2,813<span></span>
</td>
<td class="nump">2,093<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mfc_TimberAndAgricultureInvestmentsMember', window );">Timber and agriculture [Member] | Alternative long-duration assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Total carrying value</a></td>
<td class="nump">5,033<span></span>
</td>
<td class="nump">4,972<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mfc_OtherInvestedAssetsMember', window );">Other invested assets [Member] | Alternative long-duration assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Total carrying value</a></td>
<td class="nump">CAD 570<span></span>
</td>
<td class="nump">CAD 488<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Cash">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits. [Refer: Cash on hand]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Cash</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DebtInstrumentsHeld">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of instruments representing indebtedness held by the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DebtInstrumentsHeld</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that are: (a) cash; (b) an equity instrument of another entity; (c) a contractual right: (i) to receive cash or another financial asset from another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or (d) a contract that will, or may be, settled in the entity&#8217;s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to receive a variable number of the entity&#8217;s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity&#8217;s own equity instruments. For this purpose the entity&#8217;s own equity instruments do not include puttable financial instruments classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity&#8217;s own equity instruments. [Refer: Financial instruments, class [member]; Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 35H<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_35H&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 35I<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_35I&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 35M<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_35M&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 35N<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_35N&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of tangible assets that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and (b) are expected to be used during more than one period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 16<br> -IssueDate 2017-01-01<br> -Paragraph 73<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=16&amp;date=2017-03-01&amp;anchor=para_73_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A classification of cash equivalents representing short-term investments. [Refer: Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Other invested assets leveraged leases.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_CashAndShortTermSecuritiesMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6892642800">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Invested Assets and Investment Income - Schedule of Other Invested Assets Include Investments in Associates and Joint Ventures Accounted Using Equity Method (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod', window );">Investments in associates carrying value</a></td>
<td class="nump">CAD 5,757<span></span>
</td>
<td class="nump">CAD 5,780<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PercentageOfInvestmentsInAssociates', window );">Percentage of investments in associates carrying value</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_LeveragedLeasesMember', window );">Leveraged leases [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod', window );">Investments in associates carrying value</a></td>
<td class="nump">CAD 3,273<span></span>
</td>
<td class="nump">CAD 3,369<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PercentageOfInvestmentsInAssociates', window );">Percentage of investments in associates carrying value</a></td>
<td class="nump">56.00%<span></span>
</td>
<td class="nump">58.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_TimberAndAgricultureMember', window );">Timber and agriculture [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod', window );">Investments in associates carrying value</a></td>
<td class="nump">CAD 451<span></span>
</td>
<td class="nump">CAD 430<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PercentageOfInvestmentsInAssociates', window );">Percentage of investments in associates carrying value</a></td>
<td class="nump">8.00%<span></span>
</td>
<td class="nump">8.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_RealEstate1Member', window );">Real estate [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod', window );">Investments in associates carrying value</a></td>
<td class="nump">CAD 498<span></span>
</td>
<td class="nump">CAD 419<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PercentageOfInvestmentsInAssociates', window );">Percentage of investments in associates carrying value</a></td>
<td class="nump">9.00%<span></span>
</td>
<td class="nump">7.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_OtherAssetsMember', window );">Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod', window );">Investments in associates carrying value</a></td>
<td class="nump">CAD 1,535<span></span>
</td>
<td class="nump">CAD 1,562<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PercentageOfInvestmentsInAssociates', window );">Percentage of investments in associates carrying value</a></td>
<td class="nump">27.00%<span></span>
</td>
<td class="nump">27.00%<span></span>
</td>
</tr>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of investments in associates accounted for using the equity method. [Refer: Associates [member]; Investments accounted for using equity method]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure Of Carrying Value Measurement Of Assets [line items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of investments in associates carrying value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_LeveragedLeasesMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_TimberAndAgricultureMember</td>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_RealEstate1Member</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6892635856">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Invested Assets and Investment Income - Additional Information (Detail) - CAD<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Fair value of securitized assets</a></td>
<td class="nump">CAD 729,533,000,000<span></span>
</td>
<td class="nump">CAD 720,681,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Liabilities', window );">Fair value of securitized liabilities</a></td>
<td class="nump">687,370,000,000<span></span>
</td>
<td class="nump">677,858,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets', window );">Transfers out of Level 1 into Level 2 of fair value hierarchy, assets held at end of reporting period</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
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<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_SegregatedFundsMember', window );">Segregated funds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets', window );">Transfers out of Level 1 into Level 2 of fair value hierarchy, assets held at end of reporting period</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">8,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets', window );">Transfers out of Level 2 into Level 1 of fair value hierarchy, assets held at end of reporting period</a></td>
<td class="nump">5,000,000<span></span>
</td>
<td class="nump">0<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_OtherInvestedAssetsMember', window );">Other invested assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod', window );">Profit (loss) from associates and joint ventures</a></td>
<td class="nump">291,000,000<span></span>
</td>
<td class="nump">252,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsReceivedFromJointVenturesClassifiedAsInvestingActivities', window );">Dividends received from associates and joint ventures</a></td>
<td class="nump">14,000,000<span></span>
</td>
<td class="nump">17,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_SecuritizedAssetsMember', window );">Securitized assets [Member] | Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Fair value of securitized assets</a></td>
<td class="nump">3,533,000,000<span></span>
</td>
<td class="nump">2,821,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Liabilities', window );">Fair value of securitized liabilities</a></td>
<td class="nump">CAD 3,503,000,000<span></span>
</td>
<td class="nump">CAD 2,776,000,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of resources: (a) controlled by the entity as a result of past events; and (b) from which future economic benefits are expected to flow to the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsReceivedFromJointVenturesClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow representing dividends received from joint ventures, classified as investing activities. [Refer: Joint ventures [member]; Dividends received]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 16<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_16&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsReceivedFromJointVenturesClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Liabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of present obligations of the entity arising from past events, the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Liabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entity's share of the profit (loss) of associates and joint ventures accounted for using the equity method. [Refer: Associates [member]; Investments accounted for using equity method; Joint ventures [member]; Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23_g&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 82<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_82_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective on first application of IFRS 9<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 39M<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_39M_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of transfers out of Level 1 and into Level 2 of the fair value hierarchy of assets held at the end of the reporting period. [Refer: Level 1 of fair value hierarchy [member]; Level 2 of fair value hierarchy [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of transfers out of Level 2 and into Level 1 of the fair value hierarchy of assets held at the end of the reporting period. [Refer: Level 1 of fair value hierarchy [member]; Level 2 of fair value hierarchy [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_SegregatedFundsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_SegregatedFundsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=mfc_OtherInvestedAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_OtherInvestedAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=mfc_SecuritizedAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_SecuritizedAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6926115536">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Invested Assets and Investment Income - Schedule of Investment Income (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RentalIncomeFromInvestmentProperty', window );">Rental income, net of depreciation</a></td>
<td class="nump">CAD 1,120<span></span>
</td>
<td class="nump">CAD 1,204<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentIncomeYields', window );">Yields</a></td>
<td class="nump">6.00%<span></span>
</td>
<td class="nump">4.70%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInvestmentIncomeLoss', window );">Net investment income</a></td>
<td class="nump">CAD 19,367<span></span>
</td>
<td class="nump">CAD 14,524<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentIncome', window );">Investment income</a></td>
<td class="nump">CAD 13,649<span></span>
</td>
<td class="nump">CAD 13,390<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_DebtSecuritiesMember', window );">Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentIncomeYields', window );">Yields</a></td>
<td class="nump">5.40%<span></span>
</td>
<td class="nump">4.70%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentInterestIncome', window );">Interest income</a></td>
<td class="nump">CAD 5,679<span></span>
</td>
<td class="nump">CAD 5,639<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainLossOnInvestmentInterestIncome', window );">Gains (losses)</a></td>
<td class="nump">3,485<span></span>
</td>
<td class="nump">2,206<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentLossOnFinancialAssets', window );">Impairment loss</a></td>
<td class="nump">CAD 15<span></span>
</td>
<td class="num">CAD (18)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_CashAndShortTermSecuritiesMember', window );">Cash and short-term securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentIncomeYields', window );">Yields</a></td>
<td class="nump">0.90%<span></span>
</td>
<td class="nump">0.70%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentInterestIncome', window );">Interest income</a></td>
<td class="nump">CAD 160<span></span>
</td>
<td class="nump">CAD 124<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainLossOnInvestmentInterestIncome', window );">Gains (losses)</a></td>
<td class="num">(25)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_PublicEquitiesMember', window );">Public equities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueFromDividends', window );">Dividend income</a></td>
<td class="nump">CAD 603<span></span>
</td>
<td class="nump">CAD 592<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentIncomeYields', window );">Yields</a></td>
<td class="nump">16.60%<span></span>
</td>
<td class="nump">10.60%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainLossOnInvestmentInterestIncome', window );">Gains (losses)</a></td>
<td class="nump">CAD 2,598<span></span>
</td>
<td class="nump">CAD 1,209<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentLossOnFinancialAssets', window );">Impairment loss</a></td>
<td class="num">CAD (14)<span></span>
</td>
<td class="num">CAD (48)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_MortgagesMember', window );">Mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentIncomeYields', window );">Yields</a></td>
<td class="nump">3.90%<span></span>
</td>
<td class="nump">4.10%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentInterestIncome', window );">Interest income</a></td>
<td class="nump">CAD 1,685<span></span>
</td>
<td class="nump">CAD 1,667<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainLossOnInvestmentInterestIncome', window );">Gains (losses)</a></td>
<td class="nump">69<span></span>
</td>
<td class="nump">81<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProvisionNet', window );">Provision, net</a></td>
<td class="num">CAD (32)<span></span>
</td>
<td class="num">CAD (7)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_PrivatePlacementsMember', window );">Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentIncomeYields', window );">Yields</a></td>
<td class="nump">5.30%<span></span>
</td>
<td class="nump">5.40%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentInterestIncome', window );">Interest income</a></td>
<td class="nump">CAD 1,553<span></span>
</td>
<td class="nump">CAD 1,494<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainLossOnInvestmentInterestIncome', window );">Gains (losses)</a></td>
<td class="nump">43<span></span>
</td>
<td class="nump">17<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentLossOnFinancialAssets', window );">Impairment loss</a></td>
<td class="nump">CAD 10<span></span>
</td>
<td class="num">CAD (50)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=us-gaap_PolicyLoansMember', window );">Policy loans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentIncomeYields', window );">Yields</a></td>
<td class="nump">6.10%<span></span>
</td>
<td class="nump">6.10%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInvestmentIncomeLoss', window );">Net investment income</a></td>
<td class="nump">CAD 365<span></span>
</td>
<td class="nump">CAD 358<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_LoansToBankClientsMember', window );">Loans to Bank clients [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentIncomeYields', window );">Yields</a></td>
<td class="nump">4.00%<span></span>
</td>
<td class="nump">3.90%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentInterestIncome', window );">Interest income</a></td>
<td class="nump">CAD 68<span></span>
</td>
<td class="nump">CAD 68<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_RealEstate1Member', window );">Real estate [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RentalIncomeFromInvestmentProperty', window );">Rental income, net of depreciation</a></td>
<td class="nump">CAD 517<span></span>
</td>
<td class="nump">CAD 523<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentIncomeYields', window );">Yields</a></td>
<td class="nump">6.20%<span></span>
</td>
<td class="nump">4.90%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainLossOnInvestmentInterestIncome', window );">Gains (losses)</a></td>
<td class="nump">CAD 341<span></span>
</td>
<td class="nump">CAD 160<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentLossOnFinancialAssets', window );">Impairment loss</a></td>
<td class="num">(4)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_DerivativesMember', window );">Derivatives [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentInterestIncome', window );">Interest income</a></td>
<td class="nump">893<span></span>
</td>
<td class="nump">1,082<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainLossOnInvestmentInterestIncome', window );">Gains (losses)</a></td>
<td class="num">CAD (945)<span></span>
</td>
<td class="num">CAD (2,597)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_OtherInvestedAssetsMember', window );">Other invested assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentIncomeYields', window );">Yields</a></td>
<td class="nump">10.30%<span></span>
</td>
<td class="nump">10.30%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentInterestIncome', window );">Interest income</a></td>
<td class="nump">CAD 174<span></span>
</td>
<td class="nump">CAD 103<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeArisingFromExplorationForAndEvaluationOfMineralResources', window );">Oil and gas, timber, agriculture and other income</a></td>
<td class="nump">1,690<span></span>
</td>
<td class="nump">1,162<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainLossOnInvestmentInterestIncome', window );">Gains (losses)</a></td>
<td class="nump">484<span></span>
</td>
<td class="nump">842<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentLossOnFinancialAssets', window );">Impairment loss</a></td>
<td class="num">CAD (45)<span></span>
</td>
<td class="num">CAD (83)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=us-gaap_InterestIncomeMember', window );">Interest income [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentIncomeYields', window );">Yields</a></td>
<td class="nump">3.30%<span></span>
</td>
<td class="nump">3.40%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentIncome', window );">Investment income</a></td>
<td class="nump">CAD 10,577<span></span>
</td>
<td class="nump">CAD 10,533<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_DividendRentalAndOtherIncomeMember', window );">Dividend, rental and other income [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentIncomeYields', window );">Yields</a></td>
<td class="nump">0.90%<span></span>
</td>
<td class="nump">0.70%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentIncome', window );">Investment income</a></td>
<td class="nump">CAD 2,810<span></span>
</td>
<td class="nump">CAD 2,277<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ImpairmentsProvisionsAndRecoveriesNetMember', window );">Impairments, provisions and recoveries, net [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentIncomeYields', window );">Yields</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="num">(0.10%)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentIncome', window );">Investment income</a></td>
<td class="num">CAD (70)<span></span>
</td>
<td class="num">CAD (206)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_OtherInvestmentIncomeMember', window );">Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentIncomeYields', window );">Yields</a></td>
<td class="nump">0.10%<span></span>
</td>
<td class="nump">0.20%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentIncome', window );">Investment income</a></td>
<td class="nump">CAD 332<span></span>
</td>
<td class="nump">CAD 786<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_InsuranceAndInvestmentContractLiabilitiesAndMacroEquityHedgesMember', window );">Insurance and investment contract liabilities and macro equity hedges [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome', window );">Realized and unrealized gains (losses) on assets</a></td>
<td class="nump">CAD 5,718<span></span>
</td>
<td class="nump">CAD 1,134<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_InsuranceAndInvestmentContractLiabilitiesAndMacroEquityHedgesMember', window );">Insurance and investment contract liabilities and macro equity hedges [Member] | Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentIncomeYields', window );">Yields</a></td>
<td class="nump">1.10%<span></span>
</td>
<td class="nump">0.50%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome', window );">Realized and unrealized gains (losses) on assets</a></td>
<td class="nump">CAD 3,686<span></span>
</td>
<td class="nump">CAD 1,662<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_InsuranceAndInvestmentContractLiabilitiesAndMacroEquityHedgesMember', window );">Insurance and investment contract liabilities and macro equity hedges [Member] | Public equities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentIncomeYields', window );">Yields</a></td>
<td class="nump">0.70%<span></span>
</td>
<td class="nump">0.30%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome', window );">Realized and unrealized gains (losses) on assets</a></td>
<td class="nump">CAD 2,235<span></span>
</td>
<td class="nump">CAD 985<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_InsuranceAndInvestmentContractLiabilitiesAndMacroEquityHedgesMember', window );">Insurance and investment contract liabilities and macro equity hedges [Member] | Mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentIncomeYields', window );">Yields</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome', window );">Realized and unrealized gains (losses) on assets</a></td>
<td class="nump">CAD 69<span></span>
</td>
<td class="nump">CAD 80<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_InsuranceAndInvestmentContractLiabilitiesAndMacroEquityHedgesMember', window );">Insurance and investment contract liabilities and macro equity hedges [Member] | Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentIncomeYields', window );">Yields</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome', window );">Realized and unrealized gains (losses) on assets</a></td>
<td class="nump">CAD 40<span></span>
</td>
<td class="nump">CAD 12<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_InsuranceAndInvestmentContractLiabilitiesAndMacroEquityHedgesMember', window );">Insurance and investment contract liabilities and macro equity hedges [Member] | Real estate [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentIncomeYields', window );">Yields</a></td>
<td class="nump">0.10%<span></span>
</td>
<td class="nump">0.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome', window );">Realized and unrealized gains (losses) on assets</a></td>
<td class="nump">CAD 350<span></span>
</td>
<td class="nump">CAD 128<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_InsuranceAndInvestmentContractLiabilitiesAndMacroEquityHedgesMember', window );">Insurance and investment contract liabilities and macro equity hedges [Member] | Other invested assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentIncomeYields', window );">Yields</a></td>
<td class="nump">0.10%<span></span>
</td>
<td class="nump">0.30%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome', window );">Realized and unrealized gains (losses) on assets</a></td>
<td class="nump">CAD 441<span></span>
</td>
<td class="nump">CAD 848<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_InsuranceAndInvestmentContractLiabilitiesAndMacroEquityHedgesMember', window );">Insurance and investment contract liabilities and macro equity hedges [Member] | Derivatives, including macro equity hedging program [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentIncomeYields', window );">Yields</a></td>
<td class="num">(0.30%)<span></span>
</td>
<td class="num">(0.80%)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome', window );">Realized and unrealized gains (losses) on assets</a></td>
<td class="num">CAD (1,103)<span></span>
</td>
<td class="num">CAD (2,581)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInvestmentIncomeLoss', window );">Net investment income</a></td>
<td class="nump">11,954<span></span>
</td>
<td class="nump">7,410<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentIncome', window );">Investment income</a></td>
<td class="nump">6,918<span></span>
</td>
<td class="nump">6,683<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">FVTPL [Member] | Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentInterestIncome', window );">Interest income</a></td>
<td class="nump">5,102<span></span>
</td>
<td class="nump">5,051<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainLossOnInvestmentInterestIncome', window );">Gains (losses)</a></td>
<td class="nump">3,690<span></span>
</td>
<td class="nump">1,658<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentLossOnFinancialAssets', window );">Impairment loss</a></td>
<td class="nump">16<span></span>
</td>
<td class="num">(18)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">FVTPL [Member] | Cash and short-term securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentInterestIncome', window );">Interest income</a></td>
<td class="nump">7<span></span>
</td>
<td class="nump">7<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainLossOnInvestmentInterestIncome', window );">Gains (losses)</a></td>
<td class="nump">22<span></span>
</td>
<td class="nump">18<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">FVTPL [Member] | Public equities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueFromDividends', window );">Dividend income</a></td>
<td class="nump">524<span></span>
</td>
<td class="nump">534<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainLossOnInvestmentInterestIncome', window );">Gains (losses)</a></td>
<td class="nump">2,372<span></span>
</td>
<td class="nump">1,008<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">FVTPL [Member] | Derivatives [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentInterestIncome', window );">Interest income</a></td>
<td class="nump">809<span></span>
</td>
<td class="nump">1,115<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainLossOnInvestmentInterestIncome', window );">Gains (losses)</a></td>
<td class="num">(1,029)<span></span>
</td>
<td class="num">(2,597)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">FVTPL [Member] | Other invested assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainLossOnInvestmentInterestIncome', window );">Gains (losses)</a></td>
<td class="nump">441<span></span>
</td>
<td class="nump">634<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">FVTPL [Member] | Interest income [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentIncome', window );">Investment income</a></td>
<td class="nump">5,918<span></span>
</td>
<td class="nump">6,173<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">FVTPL [Member] | Dividend, rental and other income [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentIncome', window );">Investment income</a></td>
<td class="nump">524<span></span>
</td>
<td class="nump">534<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">FVTPL [Member] | Impairments, provisions and recoveries, net [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentIncome', window );">Investment income</a></td>
<td class="nump">16<span></span>
</td>
<td class="num">(18)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">FVTPL [Member] | Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentIncome', window );">Investment income</a></td>
<td class="nump">460<span></span>
</td>
<td class="num">(6)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">FVTPL [Member] | Insurance and investment contract liabilities and macro equity hedges [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome', window );">Realized and unrealized gains (losses) on assets</a></td>
<td class="nump">5,036<span></span>
</td>
<td class="nump">727<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">FVTPL [Member] | Insurance and investment contract liabilities and macro equity hedges [Member] | Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome', window );">Realized and unrealized gains (losses) on assets</a></td>
<td class="nump">3,694<span></span>
</td>
<td class="nump">1,657<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">FVTPL [Member] | Insurance and investment contract liabilities and macro equity hedges [Member] | Public equities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome', window );">Realized and unrealized gains (losses) on assets</a></td>
<td class="nump">2,200<span></span>
</td>
<td class="nump">963<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">FVTPL [Member] | Insurance and investment contract liabilities and macro equity hedges [Member] | Other invested assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome', window );">Realized and unrealized gains (losses) on assets</a></td>
<td class="nump">329<span></span>
</td>
<td class="nump">688<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">FVTPL [Member] | Insurance and investment contract liabilities and macro equity hedges [Member] | Derivatives, including macro equity hedging program [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome', window );">Realized and unrealized gains (losses) on assets</a></td>
<td class="num">(1,187)<span></span>
</td>
<td class="num">(2,581)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAvailableforsaleCategoryMember', window );">AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInvestmentIncomeLoss', window );">Net investment income</a></td>
<td class="nump">761<span></span>
</td>
<td class="nump">1,447<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentIncome', window );">Investment income</a></td>
<td class="nump">743<span></span>
</td>
<td class="nump">1,420<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAvailableforsaleCategoryMember', window );">AFS [Member] | Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentInterestIncome', window );">Interest income</a></td>
<td class="nump">577<span></span>
</td>
<td class="nump">588<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainLossOnInvestmentInterestIncome', window );">Gains (losses)</a></td>
<td class="num">(205)<span></span>
</td>
<td class="nump">548<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentLossOnFinancialAssets', window );">Impairment loss</a></td>
<td class="num">(1)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAvailableforsaleCategoryMember', window );">AFS [Member] | Cash and short-term securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentInterestIncome', window );">Interest income</a></td>
<td class="nump">153<span></span>
</td>
<td class="nump">117<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainLossOnInvestmentInterestIncome', window );">Gains (losses)</a></td>
<td class="num">(47)<span></span>
</td>
<td class="num">(18)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAvailableforsaleCategoryMember', window );">AFS [Member] | Public equities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueFromDividends', window );">Dividend income</a></td>
<td class="nump">79<span></span>
</td>
<td class="nump">58<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainLossOnInvestmentInterestIncome', window );">Gains (losses)</a></td>
<td class="nump">226<span></span>
</td>
<td class="nump">201<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentLossOnFinancialAssets', window );">Impairment loss</a></td>
<td class="num">(14)<span></span>
</td>
<td class="num">(48)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAvailableforsaleCategoryMember', window );">AFS [Member] | Other invested assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainLossOnInvestmentInterestIncome', window );">Gains (losses)</a></td>
<td class="num">(7)<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAvailableforsaleCategoryMember', window );">AFS [Member] | Interest income [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentIncome', window );">Investment income</a></td>
<td class="nump">730<span></span>
</td>
<td class="nump">703<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAvailableforsaleCategoryMember', window );">AFS [Member] | Dividend, rental and other income [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentIncome', window );">Investment income</a></td>
<td class="nump">79<span></span>
</td>
<td class="nump">58<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAvailableforsaleCategoryMember', window );">AFS [Member] | Impairments, provisions and recoveries, net [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentIncome', window );">Investment income</a></td>
<td class="num">(15)<span></span>
</td>
<td class="num">(48)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAvailableforsaleCategoryMember', window );">AFS [Member] | Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentIncome', window );">Investment income</a></td>
<td class="num">(51)<span></span>
</td>
<td class="nump">707<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAvailableforsaleCategoryMember', window );">AFS [Member] | Insurance and investment contract liabilities and macro equity hedges [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome', window );">Realized and unrealized gains (losses) on assets</a></td>
<td class="nump">18<span></span>
</td>
<td class="nump">27<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAvailableforsaleCategoryMember', window );">AFS [Member] | Insurance and investment contract liabilities and macro equity hedges [Member] | Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome', window );">Realized and unrealized gains (losses) on assets</a></td>
<td class="num">(8)<span></span>
</td>
<td class="nump">5<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAvailableforsaleCategoryMember', window );">AFS [Member] | Insurance and investment contract liabilities and macro equity hedges [Member] | Public equities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome', window );">Realized and unrealized gains (losses) on assets</a></td>
<td class="nump">35<span></span>
</td>
<td class="nump">22<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAvailableforsaleCategoryMember', window );">AFS [Member] | Insurance and investment contract liabilities and macro equity hedges [Member] | Other invested assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome', window );">Realized and unrealized gains (losses) on assets</a></td>
<td class="num">(9)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_OtherInvestmentIncomeMember', window );">Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInvestmentIncomeLoss', window );">Net investment income</a></td>
<td class="nump">6,652<span></span>
</td>
<td class="nump">5,667<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentIncome', window );">Investment income</a></td>
<td class="nump">5,988<span></span>
</td>
<td class="nump">5,287<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_OtherInvestmentIncomeMember', window );">Other [Member] | Mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentInterestIncome', window );">Interest income</a></td>
<td class="nump">1,685<span></span>
</td>
<td class="nump">1,667<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainLossOnInvestmentInterestIncome', window );">Gains (losses)</a></td>
<td class="nump">69<span></span>
</td>
<td class="nump">81<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProvisionNet', window );">Provision, net</a></td>
<td class="num">(32)<span></span>
</td>
<td class="num">(7)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_OtherInvestmentIncomeMember', window );">Other [Member] | Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentInterestIncome', window );">Interest income</a></td>
<td class="nump">1,553<span></span>
</td>
<td class="nump">1,494<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainLossOnInvestmentInterestIncome', window );">Gains (losses)</a></td>
<td class="nump">43<span></span>
</td>
<td class="nump">17<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentLossOnFinancialAssets', window );">Impairment loss</a></td>
<td class="nump">10<span></span>
</td>
<td class="num">(50)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_OtherInvestmentIncomeMember', window );">Other [Member] | Policy loans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInvestmentIncomeLoss', window );">Net investment income</a></td>
<td class="nump">365<span></span>
</td>
<td class="nump">358<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_OtherInvestmentIncomeMember', window );">Other [Member] | Loans to Bank clients [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentInterestIncome', window );">Interest income</a></td>
<td class="nump">68<span></span>
</td>
<td class="nump">68<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_OtherInvestmentIncomeMember', window );">Other [Member] | Real estate [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RentalIncomeFromInvestmentProperty', window );">Rental income, net of depreciation</a></td>
<td class="nump">517<span></span>
</td>
<td class="nump">523<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainLossOnInvestmentInterestIncome', window );">Gains (losses)</a></td>
<td class="nump">341<span></span>
</td>
<td class="nump">160<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentLossOnFinancialAssets', window );">Impairment loss</a></td>
<td class="num">(4)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_OtherInvestmentIncomeMember', window );">Other [Member] | Derivatives [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentInterestIncome', window );">Interest income</a></td>
<td class="nump">84<span></span>
</td>
<td class="num">(33)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainLossOnInvestmentInterestIncome', window );">Gains (losses)</a></td>
<td class="nump">84<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_OtherInvestmentIncomeMember', window );">Other [Member] | Other invested assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentInterestIncome', window );">Interest income</a></td>
<td class="nump">174<span></span>
</td>
<td class="nump">103<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeArisingFromExplorationForAndEvaluationOfMineralResources', window );">Oil and gas, timber, agriculture and other income</a></td>
<td class="nump">1,690<span></span>
</td>
<td class="nump">1,162<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainLossOnInvestmentInterestIncome', window );">Gains (losses)</a></td>
<td class="nump">50<span></span>
</td>
<td class="nump">207<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentLossOnFinancialAssets', window );">Impairment loss</a></td>
<td class="num">(45)<span></span>
</td>
<td class="num">(83)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_OtherInvestmentIncomeMember', window );">Other [Member] | Interest income [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentIncome', window );">Investment income</a></td>
<td class="nump">3,929<span></span>
</td>
<td class="nump">3,657<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_OtherInvestmentIncomeMember', window );">Other [Member] | Dividend, rental and other income [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentIncome', window );">Investment income</a></td>
<td class="nump">2,207<span></span>
</td>
<td class="nump">1,685<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_OtherInvestmentIncomeMember', window );">Other [Member] | Impairments, provisions and recoveries, net [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentIncome', window );">Investment income</a></td>
<td class="num">(71)<span></span>
</td>
<td class="num">(140)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_OtherInvestmentIncomeMember', window );">Other [Member] | Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentIncome', window );">Investment income</a></td>
<td class="num">(77)<span></span>
</td>
<td class="nump">85<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_OtherInvestmentIncomeMember', window );">Other [Member] | Insurance and investment contract liabilities and macro equity hedges [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome', window );">Realized and unrealized gains (losses) on assets</a></td>
<td class="nump">664<span></span>
</td>
<td class="nump">380<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_OtherInvestmentIncomeMember', window );">Other [Member] | Insurance and investment contract liabilities and macro equity hedges [Member] | Mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome', window );">Realized and unrealized gains (losses) on assets</a></td>
<td class="nump">69<span></span>
</td>
<td class="nump">80<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_OtherInvestmentIncomeMember', window );">Other [Member] | Insurance and investment contract liabilities and macro equity hedges [Member] | Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome', window );">Realized and unrealized gains (losses) on assets</a></td>
<td class="nump">40<span></span>
</td>
<td class="nump">12<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_OtherInvestmentIncomeMember', window );">Other [Member] | Insurance and investment contract liabilities and macro equity hedges [Member] | Real estate [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome', window );">Realized and unrealized gains (losses) on assets</a></td>
<td class="nump">350<span></span>
</td>
<td class="nump">128<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_OtherInvestmentIncomeMember', window );">Other [Member] | Insurance and investment contract liabilities and macro equity hedges [Member] | Other invested assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome', window );">Realized and unrealized gains (losses) on assets</a></td>
<td class="nump">121<span></span>
</td>
<td class="nump">CAD 160<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_OtherInvestmentIncomeMember', window );">Other [Member] | Insurance and investment contract liabilities and macro equity hedges [Member] | Derivatives, including macro equity hedging program [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentIncomeLineItems', window );"><strong>Disclosure of Investment Income [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome', window );">Realized and unrealized gains (losses) on assets</a></td>
<td class="nump">CAD 84<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ImpairmentLossOnFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of impairment loss on financial assets. [Refer: Financial assets; Impairment loss]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-02&amp;anchor=para_20_e&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ImpairmentLossOnFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeArisingFromExplorationForAndEvaluationOfMineralResources">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income arising from the search for mineral resources, including minerals, oil, natural gas and similar non-regenerative resources, after the entity has obtained legal rights to explore in a specific area, as well as the determination of the technical feasibility and commercial viability of extracting the mineral resource.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 6<br> -IssueDate 2017-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=6&amp;date=2017-03-01&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeArisingFromExplorationForAndEvaluationOfMineralResources</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InvestmentIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of investment income, such as interest and dividends.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=26&amp;date=2017-03-01&amp;anchor=para_35_b_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InvestmentIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RentalIncomeFromInvestmentProperty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of rental income arising from investment property recognised in profit or loss. [Refer: Investment property]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 40<br> -IssueDate 2017-01-01<br> -Paragraph 75<br> -Subparagraph f<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=40&amp;date=2017-03-01&amp;anchor=para_75_f_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RentalIncomeFromInvestmentProperty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RevenueFromDividends">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of dividends recognised as income. Dividends are distributions of profits to holders of equity investments in proportion to their holdings of a particular class of capital.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 18<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=18&amp;date=2017-03-02&amp;anchor=para_35_b_v&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RevenueFromDividends</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfInvestmentIncomeLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of investment income line items.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfInvestmentIncomeLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_GainLossOnInvestmentInterestIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Gain loss on investment interest income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_GainLossOnInvestmentInterestIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_InvestmentIncomeYields">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Investment income yields.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_InvestmentIncomeYields</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_InvestmentInterestIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Investment interest income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_InvestmentInterestIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NetInvestmentIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net investment income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NetInvestmentIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ProvisionNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Provision net.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ProvisionNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Unrealized and realized gains (losses) on investment income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_UnrealizedAndRealizedGainsLossesOnInvestmentIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_DebtSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=ifrs-full_DebtSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_CashAndShortTermSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_CashAndShortTermSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_PublicEquitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_PublicEquitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_MortgagesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_MortgagesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_PrivatePlacementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_PrivatePlacementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=us-gaap_PolicyLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=us-gaap_PolicyLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_LoansToBankClientsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_LoansToBankClientsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_RealEstate1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_RealEstate1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_DerivativesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_DerivativesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_OtherInvestedAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_OtherInvestedAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=us-gaap_InterestIncomeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=us-gaap_InterestIncomeMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_DividendRentalAndOtherIncomeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_DividendRentalAndOtherIncomeMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ImpairmentsProvisionsAndRecoveriesNetMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_OtherInvestmentIncomeMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=mfc_InsuranceAndInvestmentContractLiabilitiesAndMacroEquityHedgesMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_DerivativesIncludingMacroEquityHedgingProgramMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_DerivativesIncludingMacroEquityHedgingProgramMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember</td>
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<tr>
<td><strong> Name:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_OtherInvestmentIncomeMember</td>
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<DOCUMENT>
<TYPE>XML
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<FILENAME>R61.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6891011648">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Invested Assets and Investment Income - Summary of Total Investment Expenses (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentExpensesLineItems', window );"><strong>Investment Expenses [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentExpenses', window );">Total investment expenses</a></td>
<td class="nump">CAD 1,673<span></span>
</td>
<td class="nump">CAD 1,646<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_InvestedAssetsMember', window );">Related to invested assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentExpensesLineItems', window );"><strong>Investment Expenses [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentExpenses', window );">Total investment expenses</a></td>
<td class="nump">625<span></span>
</td>
<td class="nump">581<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_SegregatedMutualAndOtherFundsMember', window );">Related to segregated, mutual and other funds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentExpensesLineItems', window );"><strong>Investment Expenses [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentExpenses', window );">Total investment expenses</a></td>
<td class="nump">CAD 1,048<span></span>
</td>
<td class="nump">CAD 1,065<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_InvestmentExpenses">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Investment expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_InvestmentExpenses</td>
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<tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_InvestmentExpensesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Investment expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_InvestmentExpensesLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=mfc_InvestedAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_InvestedAssetsMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_SegregatedMutualAndOtherFundsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>91
<FILENAME>R62.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6887736544">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Invested Assets and Investment Income - Summary of Rental Income of Investment Properties (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInvestmentPropertyAbstract', window );"><strong>Disclosure of detailed information about investment property [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RentalIncomeFromInvestmentProperty', window );">Rental income from investment properties</a></td>
<td class="nump">CAD 1,120<span></span>
</td>
<td class="nump">CAD 1,204<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome', window );">Direct operating expenses of investment properties that generated rental income</a></td>
<td class="num">(694)<span></span>
</td>
<td class="num">(764)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense', window );">Total</a></td>
<td class="nump">CAD 426<span></span>
</td>
<td class="nump">CAD 440<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of direct operating expenses (including repairs and maintenance) arising from investment property that generated rental income during the period recognised in profit or loss. [Refer: Investment property]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 40<br> -IssueDate 2017-01-01<br> -Paragraph 75<br> -Subparagraph f<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=40&amp;date=2017-03-01&amp;anchor=para_75_f_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfInvestmentPropertyAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfInvestmentPropertyAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RentalIncomeFromInvestmentProperty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of rental income arising from investment property recognised in profit or loss. [Refer: Investment property]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 40<br> -IssueDate 2017-01-01<br> -Paragraph 75<br> -Subparagraph f<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=40&amp;date=2017-03-01&amp;anchor=para_75_f_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RentalIncomeFromInvestmentProperty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of rental income arising from investment property, net of direct operating expense from such property. [Refer: Direct operating expense from investment property; Rental income from investment property]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6925524944">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Invested Assets and Investment Income - Summary of Carrying Amount of Securitized Assets and Secured Borrowing Liabilities (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfSecuritizedAssetsMortgagesAndAssociatedLiabilitiesLineItems', window );"><strong>Disclosure of securitized assets, mortgages and associated liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizedAssets', window );">Securitised Assets</a></td>
<td class="nump">CAD 3,512<span></span>
</td>
<td class="nump">CAD 2,788<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuredBorrowingLiabilities', window );">Secured borrowing liabilities</a></td>
<td class="nump">3,523<span></span>
</td>
<td class="nump">2,782<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizationByProgramNameAxis=mfc_HELOCSecuritizationMember', window );">HELOC securitization [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfSecuritizedAssetsMortgagesAndAssociatedLiabilitiesLineItems', window );"><strong>Disclosure of securitized assets, mortgages and associated liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizedAssets', window );">Securitised Assets</a></td>
<td class="nump">2,032<span></span>
</td>
<td class="nump">1,770<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizationByProgramNameAxis=mfc_CMBSecuritizationMember', window );">CMB securitization [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfSecuritizedAssetsMortgagesAndAssociatedLiabilitiesLineItems', window );"><strong>Disclosure of securitized assets, mortgages and associated liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizedAssets', window );">Securitised Assets</a></td>
<td class="nump">1,480<span></span>
</td>
<td class="nump">1,018<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsAndLiabilitiesAxis=mfc_SecuritizedMortgagesMember', window );">Securitized mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfSecuritizedAssetsMortgagesAndAssociatedLiabilitiesLineItems', window );"><strong>Disclosure of securitized assets, mortgages and associated liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizedAssets', window );">Securitised Assets</a></td>
<td class="nump">3,504<span></span>
</td>
<td class="nump">2,780<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsAndLiabilitiesAxis=mfc_SecuritizedMortgagesMember', window );">Securitized mortgages [Member] | HELOC securitization [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfSecuritizedAssetsMortgagesAndAssociatedLiabilitiesLineItems', window );"><strong>Disclosure of securitized assets, mortgages and associated liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizedAssets', window );">Securitised Assets</a></td>
<td class="nump">2,024<span></span>
</td>
<td class="nump">1,762<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsAndLiabilitiesAxis=mfc_SecuritizedMortgagesMember', window );">Securitized mortgages [Member] | CMB securitization [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfSecuritizedAssetsMortgagesAndAssociatedLiabilitiesLineItems', window );"><strong>Disclosure of securitized assets, mortgages and associated liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizedAssets', window );">Securitised Assets</a></td>
<td class="nump">1,480<span></span>
</td>
<td class="nump">1,018<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsAndLiabilitiesAxis=mfc_RestrictedCashAndShorttermSecuritiesMember', window );">Restricted cash and short-term securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfSecuritizedAssetsMortgagesAndAssociatedLiabilitiesLineItems', window );"><strong>Disclosure of securitized assets, mortgages and associated liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizedAssets', window );">Securitised Assets</a></td>
<td class="nump">8<span></span>
</td>
<td class="nump">8<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsAndLiabilitiesAxis=mfc_RestrictedCashAndShorttermSecuritiesMember', window );">Restricted cash and short-term securities [Member] | HELOC securitization [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfSecuritizedAssetsMortgagesAndAssociatedLiabilitiesLineItems', window );"><strong>Disclosure of securitized assets, mortgages and associated liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizedAssets', window );">Securitised Assets</a></td>
<td class="nump">8<span></span>
</td>
<td class="nump">8<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SeparateManagementEntitiesAxis=mfc_HELOCSecuritizationMember', window );">HELOC securitization [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfSecuritizedAssetsMortgagesAndAssociatedLiabilitiesLineItems', window );"><strong>Disclosure of securitized assets, mortgages and associated liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuredBorrowingLiabilities', window );">Secured borrowing liabilities</a></td>
<td class="nump">2,000<span></span>
</td>
<td class="nump">1,750<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SeparateManagementEntitiesAxis=mfc_CMBSecuritizationMember', window );">CMB securitization [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfSecuritizedAssetsMortgagesAndAssociatedLiabilitiesLineItems', window );"><strong>Disclosure of securitized assets, mortgages and associated liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuredBorrowingLiabilities', window );">Secured borrowing liabilities</a></td>
<td class="nump">CAD 1,523<span></span>
</td>
<td class="nump">CAD 1,032<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfSecuritizedAssetsMortgagesAndAssociatedLiabilitiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of securitized assets, mortgages and associated liabilities [Line Items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfSecuritizedAssetsMortgagesAndAssociatedLiabilitiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_SecuredBorrowingLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of secured borrowing liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_SecuredBorrowingLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_SecuritizedAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Securitized assets</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_SecuritizedAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_SecuritizationByProgramNameAxis=mfc_HELOCSecuritizationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_SecuritizationByProgramNameAxis=mfc_HELOCSecuritizationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_SecuritizationByProgramNameAxis=mfc_CMBSecuritizationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_SecuritizationByProgramNameAxis=mfc_CMBSecuritizationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AssetsAndLiabilitiesAxis=mfc_SecuritizedMortgagesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AssetsAndLiabilitiesAxis=mfc_SecuritizedMortgagesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AssetsAndLiabilitiesAxis=mfc_RestrictedCashAndShorttermSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AssetsAndLiabilitiesAxis=mfc_RestrictedCashAndShorttermSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SeparateManagementEntitiesAxis=mfc_HELOCSecuritizationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SeparateManagementEntitiesAxis=mfc_HELOCSecuritizationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SeparateManagementEntitiesAxis=mfc_CMBSecuritizationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SeparateManagementEntitiesAxis=mfc_CMBSecuritizationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>93
<FILENAME>R64.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6891947120">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Invested Assets and Investment Income - Summary of Invested Assets and Segregated Funds Net Assets, Measured at Fair Value (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityInstrumentsHeld', window );">Public equities</a></td>
<td class="nump">CAD 21,545<span></span>
</td>
<td class="nump">CAD 19,496<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">174,000<span></span>
</td>
<td class="nump">168,622<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentProperty', window );">Real estate</a></td>
<td class="nump">13,810<span></span>
</td>
<td class="nump">14,132<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherInvestedAssets', window );">Other invested assets</a></td>
<td class="nump">24,483<span></span>
</td>
<td class="nump">22,760<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetAssetsHeldByPolicyholders', window );">Segregated funds net assets</a></td>
<td class="nump">324,307<span></span>
</td>
<td class="nump">315,177<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">729,533<span></span>
</td>
<td class="nump">720,681<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents', window );">Cash and short-term securities</a></td>
<td class="nump">439<span></span>
</td>
<td class="nump">269<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityInstrumentsHeld', window );">Public equities</a></td>
<td class="nump">18,473<span></span>
</td>
<td class="nump">16,531<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAvailableforsaleCategoryMember', window );">AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents', window );">Cash and short-term securities</a></td>
<td class="nump">11,429<span></span>
</td>
<td class="nump">11,705<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityInstrumentsHeld', window );">Public equities</a></td>
<td class="nump">3,072<span></span>
</td>
<td class="nump">2,965<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_OtherCashAndShorttermSecuritiesMember', window );">Other cash and short-term securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents', window );">Cash and short-term securities</a></td>
<td class="nump">4,097<span></span>
</td>
<td class="nump">3,177<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_RealEstate1Member', window );">Real estate [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentProperty', window );">Real estate</a></td>
<td class="nump">12,529<span></span>
</td>
<td class="nump">12,756<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_OtherInvestedAssetsMember', window );">Other invested assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherInvestedAssets', window );">Other invested assets</a></td>
<td class="nump">16,203<span></span>
</td>
<td class="nump">14,849<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_CanadianGovernmentAndAgencyMember', window );">Canadian government and agency [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">22,778<span></span>
</td>
<td class="nump">24,745<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_CanadianGovernmentAndAgencyMember', window );">Canadian government and agency [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">17,886<span></span>
</td>
<td class="nump">18,030<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_CanadianGovernmentAndAgencyMember', window );">Canadian government and agency [Member] | AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">4,892<span></span>
</td>
<td class="nump">6,715<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_USGovernmentAndAgencyMember', window );">U.S. government and agency [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">12,497<span></span>
</td>
<td class="nump">13,971<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_USGovernmentAndAgencyMember', window );">U.S. government and agency [Member] | AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">13,472<span></span>
</td>
<td class="nump">13,333<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_OtherGovernmentAndAgencyMember', window );">Other government and agency [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">19,826<span></span>
</td>
<td class="nump">20,941<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_OtherGovernmentAndAgencyMember', window );">Other government and agency [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">16,838<span></span>
</td>
<td class="nump">18,629<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_OtherGovernmentAndAgencyMember', window );">Other government and agency [Member] | AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">2,988<span></span>
</td>
<td class="nump">2,312<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=us-gaap_CorporateMember', window );">Corporate [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">96,785<span></span>
</td>
<td class="nump">87,374<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=us-gaap_CorporateMember', window );">Corporate [Member] | AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">5,366<span></span>
</td>
<td class="nump">5,041<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_ResidentialMortgageAssetbackedSecuritiesMember', window );">Residential mortgage asset-backed securities [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">8<span></span>
</td>
<td class="nump">10<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_ResidentialMortgageAssetbackedSecuritiesMember', window );">Residential mortgage asset-backed securities [Member] | AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">37<span></span>
</td>
<td class="nump">65<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_CommercialMortgageAssetbackedSecuritiesMember', window );">Commercial mortgage asset-backed securities [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">1,099<span></span>
</td>
<td class="nump">680<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_CommercialMortgageAssetbackedSecuritiesMember', window );">Commercial mortgage asset-backed securities [Member] | AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">138<span></span>
</td>
<td class="nump">123<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_OtherSecuritizedAssetsMember', window );">Other securitized assets [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">1,911<span></span>
</td>
<td class="nump">2,196<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_OtherSecuritizedAssetsMember', window );">Other securitized assets [Member] | AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">83<span></span>
</td>
<td class="nump">143<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueMember', window );">Financial assets at fair value, class [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">564,549<span></span>
</td>
<td class="nump">546,051<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetAssetsHeldByPolicyholders', window );">Segregated funds net assets</a></td>
<td class="nump">286,490<span></span>
</td>
<td class="nump">278,066<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityInstrumentsHeld', window );">Public equities</a></td>
<td class="nump">18,470<span></span>
</td>
<td class="nump">16,524<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 [Member] | AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityInstrumentsHeld', window );">Public equities</a></td>
<td class="nump">3,069<span></span>
</td>
<td class="nump">2,963<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 [Member] | Other cash and short-term securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents', window );">Cash and short-term securities</a></td>
<td class="nump">4,097<span></span>
</td>
<td class="nump">3,177<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 [Member] | Corporate [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">2<span></span>
</td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 [Member] | Financial assets at fair value, class [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">312,128<span></span>
</td>
<td class="nump">300,732<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetAssetsHeldByPolicyholders', window );">Segregated funds net assets</a></td>
<td class="nump">33,562<span></span>
</td>
<td class="nump">32,537<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents', window );">Cash and short-term securities</a></td>
<td class="nump">439<span></span>
</td>
<td class="nump">269<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member] | AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents', window );">Cash and short-term securities</a></td>
<td class="nump">11,429<span></span>
</td>
<td class="nump">11,705<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityInstrumentsHeld', window );">Public equities</a></td>
<td class="nump">3<span></span>
</td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member] | Canadian government and agency [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">17,886<span></span>
</td>
<td class="nump">18,030<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member] | Canadian government and agency [Member] | AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">4,892<span></span>
</td>
<td class="nump">6,715<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member] | U.S. government and agency [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">12,497<span></span>
</td>
<td class="nump">13,971<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member] | U.S. government and agency [Member] | AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">13,472<span></span>
</td>
<td class="nump">13,333<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member] | Other government and agency [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">16,599<span></span>
</td>
<td class="nump">18,357<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member] | Other government and agency [Member] | AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">2,941<span></span>
</td>
<td class="nump">2,261<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member] | Corporate [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">96,073<span></span>
</td>
<td class="nump">86,721<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member] | Corporate [Member] | AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">5,278<span></span>
</td>
<td class="nump">4,967<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member] | Residential mortgage asset-backed securities [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">7<span></span>
</td>
<td class="nump">8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member] | Residential mortgage asset-backed securities [Member] | AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">37<span></span>
</td>
<td class="nump">64<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member] | Commercial mortgage asset-backed securities [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">1,099<span></span>
</td>
<td class="nump">674<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member] | Commercial mortgage asset-backed securities [Member] | AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">138<span></span>
</td>
<td class="nump">121<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member] | Other securitized assets [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">1,886<span></span>
</td>
<td class="nump">2,161<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member] | Other securitized assets [Member] | AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">82<span></span>
</td>
<td class="nump">141<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member] | Financial assets at fair value, class [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">218,320<span></span>
</td>
<td class="nump">212,037<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetAssetsHeldByPolicyholders', window );">Segregated funds net assets</a></td>
<td class="nump">4,255<span></span>
</td>
<td class="nump">4,574<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">34,101<span></span>
</td>
<td class="nump">33,282<span></span>
</td>
<td class="nump">CAD 33,096<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityInstrumentsHeld', window );">Public equities</a></td>
<td class="nump">3<span></span>
</td>
<td class="nump">7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | Real estate [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentProperty', window );">Real estate</a></td>
<td class="nump">12,529<span></span>
</td>
<td class="nump">12,756<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | Other invested assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherInvestedAssets', window );">Other invested assets</a></td>
<td class="nump">16,203<span></span>
</td>
<td class="nump">14,849<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">16,203<span></span>
</td>
<td class="nump">14,849<span></span>
</td>
<td class="nump">CAD 12,977<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | Other government and agency [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">239<span></span>
</td>
<td class="nump">272<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | Other government and agency [Member] | AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">47<span></span>
</td>
<td class="nump">51<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | Corporate [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">710<span></span>
</td>
<td class="nump">651<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | Corporate [Member] | AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">88<span></span>
</td>
<td class="nump">74<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | Residential mortgage asset-backed securities [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | Residential mortgage asset-backed securities [Member] | AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | Commercial mortgage asset-backed securities [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | Commercial mortgage asset-backed securities [Member] | AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | Other securitized assets [Member] | FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">25<span></span>
</td>
<td class="nump">35<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | Other securitized assets [Member] | AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsHeld', window );">Debt securities</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | Financial assets at fair value, class [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">CAD 34,101<span></span>
</td>
<td class="nump">CAD 33,282<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of resources: (a) controlled by the entity as a result of past events; and (b) from which future economic benefits are expected to flow to the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DebtInstrumentsHeld">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of instruments representing indebtedness held by the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DebtInstrumentsHeld</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityInstrumentsHeld">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of instruments held by the entity that provide evidence of a residual interest in the assets of another entity after deducting all of its liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityInstrumentsHeld</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InvestmentProperty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Expiry date 2019-01-01: The amount of property (land or a building - or part of a building - or both) held (by the owner or by the lessee under a finance lease) to earn rentals or for capital appreciation or both, rather than for: (a) use in the production or supply of goods or services or for administrative purposes; or (b) sale in the ordinary course of business.
Effective 2019-01-01: The amount of property (land or a building - or part of a building - or both) held (by the owner or by the lessee as a right-of-use asset) to earn rentals or for capital appreciation or both, rather than for: (a) use in the production or supply of goods or services or for administrative purposes; or (b) sale in the ordinary course of business.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 40<br> -IssueDate 2017-01-01<br> -Paragraph 76<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=40&amp;date=2017-03-01&amp;anchor=para_76&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 40<br> -IssueDate 2017-01-01<br> -Paragraph 79<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=40&amp;date=2017-03-01&amp;anchor=para_79_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InvestmentProperty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A classification of cash equivalents representing short-term investments. [Refer: Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_OtherInvestedAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Other invested assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_OtherInvestedAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_SegregatedFundsNetAssetsHeldByPolicyholders">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Segregated funds net assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_SegregatedFundsNetAssetsHeldByPolicyholders</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td style="white-space:nowrap;">ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<td style="white-space:nowrap;">ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAvailableforsaleCategoryMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_ResidentialMortgageAssetbackedSecuritiesMember</td>
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<tr>
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<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueMember</td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>94
<FILENAME>R65.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6889799680">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Invested Assets and Investment Income - Summary of Invested Assets and Segregated Funds Net Assets, Measured at Fair Value (Parenthetical) (Detail)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember', window );">Bottom of range [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentPropertyCapitalizationRates', window );">Investment properties capitalization rates</a></td>
<td class="nump">3.50%<span></span>
</td>
<td class="nump">3.75%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentPropertyTerminalCapitalizationRates', window );">Investment properties terminal capitalization rates</a></td>
<td class="nump">4.00%<span></span>
</td>
<td class="nump">4.10%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember', window );">Top of range [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentPropertyCapitalizationRates', window );">Investment properties capitalization rates</a></td>
<td class="nump">9.00%<span></span>
</td>
<td class="nump">9.75%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentPropertyTerminalCapitalizationRates', window );">Investment properties terminal capitalization rates</a></td>
<td class="nump">9.25%<span></span>
</td>
<td class="nump">10.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mfc_PowerAndInfrastructureInvestmentsMember', window );">Power and infrastructure [Member] | Bottom of range [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherInvestedAssetsFairValueDiscountRate', window );">Other invested assets fair value discount rate</a></td>
<td class="nump">9.20%<span></span>
</td>
<td class="nump">9.63%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mfc_PowerAndInfrastructureInvestmentsMember', window );">Power and infrastructure [Member] | Top of range [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
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<td class="nump">16.50%<span></span>
</td>
<td class="nump">16.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mfc_TimberlandInvestmentMember', window );">Timberland Investment [Member] | Bottom of range [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherInvestedAssetsFairValueDiscountRate', window );">Other invested assets fair value discount rate</a></td>
<td class="nump">5.00%<span></span>
</td>
<td class="nump">5.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mfc_TimberlandInvestmentMember', window );">Timberland Investment [Member] | Top of range [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherInvestedAssetsFairValueDiscountRate', window );">Other invested assets fair value discount rate</a></td>
<td class="nump">7.50%<span></span>
</td>
<td class="nump">7.50%<span></span>
</td>
</tr>
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<div style="display: none;">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Investment property capitalization rates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Investment property terminal capitalization rates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Other invested assets fair value discount rate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">mfc_OtherInvestedAssetsFairValueDiscountRate</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6934981824">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Invested Assets and Investment Income - Summary of Fair Values Categorized by the Fair Value Hierarchy (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=mfc_CarryingValueMember', window );">Carrying value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Carrying value</a></td>
<td class="nump">CAD 93,980<span></span>
</td>
<td class="nump">CAD 90,995<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=mfc_CarryingValueMember', window );">Carrying value [Member] | Mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Carrying value</a></td>
<td class="nump">44,742<span></span>
</td>
<td class="nump">44,193<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=mfc_CarryingValueMember', window );">Carrying value [Member] | Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Carrying value</a></td>
<td class="nump">32,132<span></span>
</td>
<td class="nump">29,729<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=mfc_CarryingValueMember', window );">Carrying value [Member] | Policy loans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Carrying value</a></td>
<td class="nump">5,808<span></span>
</td>
<td class="nump">6,041<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=mfc_CarryingValueMember', window );">Carrying value [Member] | Loans to Bank clients [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Carrying value</a></td>
<td class="nump">1,737<span></span>
</td>
<td class="nump">1,745<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=mfc_CarryingValueMember', window );">Carrying value [Member] | Real estate own use property [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Carrying value</a></td>
<td class="nump">1,281<span></span>
</td>
<td class="nump">1,376<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=mfc_CarryingValueMember', window );">Carrying value [Member] | Other invested assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Carrying value</a></td>
<td class="nump">8,280<span></span>
</td>
<td class="nump">7,911<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_AtFairValueMember', window );">Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Total fair value</a></td>
<td class="nump">99,246<span></span>
</td>
<td class="nump">95,689<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_AtFairValueMember', window );">Fair value [Member] | Mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Total fair value</a></td>
<td class="nump">46,065<span></span>
</td>
<td class="nump">45,665<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_AtFairValueMember', window );">Fair value [Member] | Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Total fair value</a></td>
<td class="nump">34,581<span></span>
</td>
<td class="nump">31,459<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_AtFairValueMember', window );">Fair value [Member] | Policy loans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Total fair value</a></td>
<td class="nump">5,808<span></span>
</td>
<td class="nump">6,041<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_AtFairValueMember', window );">Fair value [Member] | Loans to Bank clients [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Total fair value</a></td>
<td class="nump">1,742<span></span>
</td>
<td class="nump">1,746<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_AtFairValueMember', window );">Fair value [Member] | Real estate own use property [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Total fair value</a></td>
<td class="nump">2,448<span></span>
</td>
<td class="nump">2,524<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_AtFairValueMember', window );">Fair value [Member] | Other invested assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Total fair value</a></td>
<td class="nump">8,602<span></span>
</td>
<td class="nump">8,254<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Total fair value</a></td>
<td class="nump">88<span></span>
</td>
<td class="nump">54<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember', window );">Level 1 [Member] | Other invested assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Total fair value</a></td>
<td class="nump">88<span></span>
</td>
<td class="nump">54<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Total fair value</a></td>
<td class="nump">36,064<span></span>
</td>
<td class="nump">33,860<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member] | Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Total fair value</a></td>
<td class="nump">28,514<span></span>
</td>
<td class="nump">26,073<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member] | Policy loans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Total fair value</a></td>
<td class="nump">5,808<span></span>
</td>
<td class="nump">6,041<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member] | Loans to Bank clients [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Total fair value</a></td>
<td class="nump">1,742<span></span>
</td>
<td class="nump">1,746<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Total fair value</a></td>
<td class="nump">63,094<span></span>
</td>
<td class="nump">61,775<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | Mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Total fair value</a></td>
<td class="nump">46,065<span></span>
</td>
<td class="nump">45,665<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Total fair value</a></td>
<td class="nump">6,067<span></span>
</td>
<td class="nump">5,386<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | Real estate own use property [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Total fair value</a></td>
<td class="nump">2,448<span></span>
</td>
<td class="nump">2,524<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | Other invested assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsLineItems', window );"><strong>Disclosure of financial assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Total fair value</a></td>
<td class="nump">CAD 8,514<span></span>
</td>
<td class="nump">CAD 8,200<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfFinancialAssetsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFinancialAssetsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that are: (a) cash; (b) an equity instrument of another entity; (c) a contractual right: (i) to receive cash or another financial asset from another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or (d) a contract that will, or may be, settled in the entity&#8217;s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to receive a variable number of the entity&#8217;s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity&#8217;s own equity instruments. For this purpose the entity&#8217;s own equity instruments do not include puttable financial instruments classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity&#8217;s own equity instruments. [Refer: Financial instruments, class [member]; Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 35H<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_35H&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 35I<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_35I&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 35M<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_35M&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 35N<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_35N&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialAssetsAtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value of financial assets. [Refer: At fair value [member]; Financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialAssetsAtFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LevelsOfFairValueHierarchyAxis=mfc_CarryingValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LevelsOfFairValueHierarchyAxis=mfc_CarryingValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_MortgagesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_MortgagesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_PrivatePlacementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_PrivatePlacementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=us-gaap_PolicyLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=us-gaap_PolicyLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_LoansToBankClientsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_LoansToBankClientsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_RealEstateOwnUsePropertyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_RealEstateOwnUsePropertyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_OtherInvestedAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_OtherInvestedAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_AtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_AtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<html>
<head>
<title></title>
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<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6891095392">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Invested Assets and Investment Income - Summary of Invested Assets and Segregated Funds Net Assets Measured at Fair Value Using Significant Unobservable Inputs (Level 3) (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset Beginning of period</a></td>
<td class="nump">CAD 720,681<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset at end of period</a></td>
<td class="nump">729,533<span></span>
</td>
<td class="nump">CAD 720,681<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_DebtSecuritiesMember', window );">Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset Beginning of period</a></td>
<td class="nump">168,622<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset at end of period</a></td>
<td class="nump">174,000<span></span>
</td>
<td class="nump">168,622<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_PublicEquitiesMember', window );">Public equities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset Beginning of period</a></td>
<td class="nump">19,496<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset at end of period</a></td>
<td class="nump">21,545<span></span>
</td>
<td class="nump">19,496<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset Beginning of period</a></td>
<td class="nump">33,282<span></span>
</td>
<td class="nump">33,096<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets', window );">Net realized/unrealized gains (losses) included in net income</a></td>
<td class="nump">770<span></span>
</td>
<td class="nump">1,014<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets', window );">Net realized/unrealized gains (losses) included in net AOCI</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">10<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchasesFairValueMeasurementAssets', window );">Purchases</a></td>
<td class="nump">4,707<span></span>
</td>
<td class="nump">3,395<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SalesFairValueMeasurementAssets', window );">Sales</a></td>
<td class="num">(2,077)<span></span>
</td>
<td class="num">(2,407)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SettlementsFairValueMeasurementAssets', window );">Settlements</a></td>
<td class="num">(942)<span></span>
</td>
<td class="num">(885)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets', window );">Transfer into Level 3</a></td>
<td class="nump">25<span></span>
</td>
<td class="nump">46<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets', window );">Transfer out of Level 3</a></td>
<td class="num">(205)<span></span>
</td>
<td class="num">(242)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss', window );">Currency Movement</a></td>
<td class="num">(1,460)<span></span>
</td>
<td class="num">(745)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset at end of period</a></td>
<td class="nump">34,101<span></span>
</td>
<td class="nump">33,282<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement', window );">Change in unrealized gains (losses) on assets still held</a></td>
<td class="nump">558<span></span>
</td>
<td class="nump">1,132<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | Other invested assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset Beginning of period</a></td>
<td class="nump">14,849<span></span>
</td>
<td class="nump">12,977<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets', window );">Net realized/unrealized gains (losses) included in net income</a></td>
<td class="nump">395<span></span>
</td>
<td class="nump">786<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets', window );">Net realized/unrealized gains (losses) included in net AOCI</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchasesFairValueMeasurementAssets', window );">Purchases</a></td>
<td class="nump">3,022<span></span>
</td>
<td class="nump">2,171<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SalesFairValueMeasurementAssets', window );">Sales</a></td>
<td class="num">(435)<span></span>
</td>
<td class="num">(76)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SettlementsFairValueMeasurementAssets', window );">Settlements</a></td>
<td class="num">(837)<span></span>
</td>
<td class="num">(685)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss', window );">Currency Movement</a></td>
<td class="num">(791)<span></span>
</td>
<td class="num">(333)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset at end of period</a></td>
<td class="nump">16,203<span></span>
</td>
<td class="nump">14,849<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement', window );">Change in unrealized gains (losses) on assets still held</a></td>
<td class="nump">244<span></span>
</td>
<td class="nump">847<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | Public equities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset Beginning of period</a></td>
<td class="nump">7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchasesFairValueMeasurementAssets', window );">Purchases</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SalesFairValueMeasurementAssets', window );">Sales</a></td>
<td class="num">(4)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset at end of period</a></td>
<td class="nump">3<span></span>
</td>
<td class="nump">7<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | Real estate and other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset Beginning of period</a></td>
<td class="nump">27,605<span></span>
</td>
<td class="nump">26,945<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets', window );">Net realized/unrealized gains (losses) included in net income</a></td>
<td class="nump">696<span></span>
</td>
<td class="nump">949<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets', window );">Net realized/unrealized gains (losses) included in net AOCI</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchasesFairValueMeasurementAssets', window );">Purchases</a></td>
<td class="nump">4,279<span></span>
</td>
<td class="nump">2,852<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SalesFairValueMeasurementAssets', window );">Sales</a></td>
<td class="num">(1,702)<span></span>
</td>
<td class="num">(1,858)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SettlementsFairValueMeasurementAssets', window );">Settlements</a></td>
<td class="num">(837)<span></span>
</td>
<td class="num">(685)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss', window );">Currency Movement</a></td>
<td class="num">(1,309)<span></span>
</td>
<td class="num">(607)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset at end of period</a></td>
<td class="nump">28,732<span></span>
</td>
<td class="nump">27,605<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement', window );">Change in unrealized gains (losses) on assets still held</a></td>
<td class="nump">508<span></span>
</td>
<td class="nump">1,044<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | Segregated funds net assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset Beginning of period</a></td>
<td class="nump">4,574<span></span>
</td>
<td class="nump">4,656<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets', window );">Net realized/unrealized gains (losses) included in net income</a></td>
<td class="nump">60<span></span>
</td>
<td class="nump">92<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchasesFairValueMeasurementAssets', window );">Purchases</a></td>
<td class="nump">261<span></span>
</td>
<td class="nump">356<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SalesFairValueMeasurementAssets', window );">Sales</a></td>
<td class="num">(248)<span></span>
</td>
<td class="num">(312)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SettlementsFairValueMeasurementAssets', window );">Settlements</a></td>
<td class="num">(54)<span></span>
</td>
<td class="num">(19)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets', window );">Transfer into Level 3</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(12)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets', window );">Transfer out of Level 3</a></td>
<td class="num">(184)<span></span>
</td>
<td class="num">(105)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss', window );">Currency Movement</a></td>
<td class="num">(154)<span></span>
</td>
<td class="num">(82)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset at end of period</a></td>
<td class="nump">4,255<span></span>
</td>
<td class="nump">4,574<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement', window );">Change in unrealized gains (losses) on assets still held</a></td>
<td class="nump">45<span></span>
</td>
<td class="nump">93<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | FVTPL [Member] | Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset Beginning of period</a></td>
<td class="nump">966<span></span>
</td>
<td class="nump">1,346<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets', window );">Net realized/unrealized gains (losses) included in net income</a></td>
<td class="nump">15<span></span>
</td>
<td class="num">(26)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchasesFairValueMeasurementAssets', window );">Purchases</a></td>
<td class="nump">131<span></span>
</td>
<td class="nump">133<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SalesFairValueMeasurementAssets', window );">Sales</a></td>
<td class="num">(97)<span></span>
</td>
<td class="num">(193)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SettlementsFairValueMeasurementAssets', window );">Settlements</a></td>
<td class="num">(43)<span></span>
</td>
<td class="num">(176)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets', window );">Transfer into Level 3</a></td>
<td class="nump">24<span></span>
</td>
<td class="nump">58<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets', window );">Transfer out of Level 3</a></td>
<td class="num">(21)<span></span>
</td>
<td class="num">(128)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss', window );">Currency Movement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(48)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset at end of period</a></td>
<td class="nump">975<span></span>
</td>
<td class="nump">966<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement', window );">Change in unrealized gains (losses) on assets still held</a></td>
<td class="nump">5<span></span>
</td>
<td class="num">(5)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | FVTPL [Member] | Public equities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset Beginning of period</a></td>
<td class="nump">7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchasesFairValueMeasurementAssets', window );">Purchases</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SalesFairValueMeasurementAssets', window );">Sales</a></td>
<td class="num">(4)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset at end of period</a></td>
<td class="nump">3<span></span>
</td>
<td class="nump">7<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | FVTPL [Member] | Other government and agency [Member] | Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset Beginning of period</a></td>
<td class="nump">272<span></span>
</td>
<td class="nump">310<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets', window );">Net realized/unrealized gains (losses) included in net income</a></td>
<td class="num">(3)<span></span>
</td>
<td class="nump">3<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchasesFairValueMeasurementAssets', window );">Purchases</a></td>
<td class="nump">26<span></span>
</td>
<td class="nump">50<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SalesFairValueMeasurementAssets', window );">Sales</a></td>
<td class="num">(58)<span></span>
</td>
<td class="num">(41)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SettlementsFairValueMeasurementAssets', window );">Settlements</a></td>
<td class="num">(6)<span></span>
</td>
<td class="num">(30)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss', window );">Currency Movement</a></td>
<td class="nump">8<span></span>
</td>
<td class="num">(20)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset at end of period</a></td>
<td class="nump">239<span></span>
</td>
<td class="nump">272<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement', window );">Change in unrealized gains (losses) on assets still held</a></td>
<td class="num">(3)<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | FVTPL [Member] | Corporate [Member] | Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset Beginning of period</a></td>
<td class="nump">651<span></span>
</td>
<td class="nump">903<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets', window );">Net realized/unrealized gains (losses) included in net income</a></td>
<td class="nump">19<span></span>
</td>
<td class="num">(29)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchasesFairValueMeasurementAssets', window );">Purchases</a></td>
<td class="nump">105<span></span>
</td>
<td class="nump">83<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SalesFairValueMeasurementAssets', window );">Sales</a></td>
<td class="num">(34)<span></span>
</td>
<td class="num">(84)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SettlementsFairValueMeasurementAssets', window );">Settlements</a></td>
<td class="num">(29)<span></span>
</td>
<td class="num">(134)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets', window );">Transfer into Level 3</a></td>
<td class="nump">24<span></span>
</td>
<td class="nump">58<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets', window );">Transfer out of Level 3</a></td>
<td class="num">(21)<span></span>
</td>
<td class="num">(124)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss', window );">Currency Movement</a></td>
<td class="num">(5)<span></span>
</td>
<td class="num">(22)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset at end of period</a></td>
<td class="nump">710<span></span>
</td>
<td class="nump">651<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement', window );">Change in unrealized gains (losses) on assets still held</a></td>
<td class="nump">10<span></span>
</td>
<td class="num">(4)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | FVTPL [Member] | Residential mortgage asset-backed securities [Member] | Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset Beginning of period</a></td>
<td class="nump">2<span></span>
</td>
<td class="nump">15<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SalesFairValueMeasurementAssets', window );">Sales</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(11)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SettlementsFairValueMeasurementAssets', window );">Settlements</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss', window );">Currency Movement</a></td>
<td class="num">(1)<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset at end of period</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement', window );">Change in unrealized gains (losses) on assets still held</a></td>
<td class="num">(1)<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | FVTPL [Member] | Commercial mortgage asset-backed securities [Member] | Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset Beginning of period</a></td>
<td class="nump">6<span></span>
</td>
<td class="nump">70<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SalesFairValueMeasurementAssets', window );">Sales</a></td>
<td class="num">(5)<span></span>
</td>
<td class="num">(56)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SettlementsFairValueMeasurementAssets', window );">Settlements</a></td>
<td class="num">(1)<span></span>
</td>
<td class="num">(4)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss', window );">Currency Movement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(4)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset at end of period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement', window );">Change in unrealized gains (losses) on assets still held</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(3)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | FVTPL [Member] | Other securitized assets [Member] | Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset Beginning of period</a></td>
<td class="nump">35<span></span>
</td>
<td class="nump">48<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets', window );">Net realized/unrealized gains (losses) included in net income</a></td>
<td class="num">(1)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SalesFairValueMeasurementAssets', window );">Sales</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SettlementsFairValueMeasurementAssets', window );">Settlements</a></td>
<td class="num">(7)<span></span>
</td>
<td class="num">(7)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets', window );">Transfer out of Level 3</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(4)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss', window );">Currency Movement</a></td>
<td class="num">(2)<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset at end of period</a></td>
<td class="nump">25<span></span>
</td>
<td class="nump">35<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement', window );">Change in unrealized gains (losses) on assets still held</a></td>
<td class="num">(1)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | AFS [Member] | Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset Beginning of period</a></td>
<td class="nump">130<span></span>
</td>
<td class="nump">149<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets', window );">Net realized/unrealized gains (losses) included in net income</a></td>
<td class="num">(1)<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets', window );">Net realized/unrealized gains (losses) included in net AOCI</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchasesFairValueMeasurementAssets', window );">Purchases</a></td>
<td class="nump">36<span></span>
</td>
<td class="nump">47<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SalesFairValueMeasurementAssets', window );">Sales</a></td>
<td class="num">(26)<span></span>
</td>
<td class="num">(44)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SettlementsFairValueMeasurementAssets', window );">Settlements</a></td>
<td class="num">(8)<span></span>
</td>
<td class="num">(5)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets', window );">Transfer into Level 3</a></td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets', window );">Transfer out of Level 3</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(9)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss', window );">Currency Movement</a></td>
<td class="nump">3<span></span>
</td>
<td class="num">(8)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset at end of period</a></td>
<td class="nump">136<span></span>
</td>
<td class="nump">130<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | AFS [Member] | Other government and agency [Member] | Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset Beginning of period</a></td>
<td class="nump">51<span></span>
</td>
<td class="nump">42<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets', window );">Net realized/unrealized gains (losses) included in net income</a></td>
<td class="num">(1)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets', window );">Net realized/unrealized gains (losses) included in net AOCI</a></td>
<td class="num">(2)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchasesFairValueMeasurementAssets', window );">Purchases</a></td>
<td class="nump">14<span></span>
</td>
<td class="nump">18<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SalesFairValueMeasurementAssets', window );">Sales</a></td>
<td class="num">(15)<span></span>
</td>
<td class="num">(6)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SettlementsFairValueMeasurementAssets', window );">Settlements</a></td>
<td class="num">(2)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets', window );">Transfer into Level 3</a></td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss', window );">Currency Movement</a></td>
<td class="nump">1<span></span>
</td>
<td class="num">(3)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset at end of period</a></td>
<td class="nump">47<span></span>
</td>
<td class="nump">51<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | AFS [Member] | Corporate [Member] | Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset Beginning of period</a></td>
<td class="nump">74<span></span>
</td>
<td class="nump">90<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets', window );">Net realized/unrealized gains (losses) included in net AOCI</a></td>
<td class="nump">4<span></span>
</td>
<td class="num">(2)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchasesFairValueMeasurementAssets', window );">Purchases</a></td>
<td class="nump">22<span></span>
</td>
<td class="nump">29<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SalesFairValueMeasurementAssets', window );">Sales</a></td>
<td class="num">(10)<span></span>
</td>
<td class="num">(32)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SettlementsFairValueMeasurementAssets', window );">Settlements</a></td>
<td class="num">(4)<span></span>
</td>
<td class="num">(3)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets', window );">Transfer out of Level 3</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(5)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss', window );">Currency Movement</a></td>
<td class="nump">2<span></span>
</td>
<td class="num">(3)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset at end of period</a></td>
<td class="nump">88<span></span>
</td>
<td class="nump">74<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | AFS [Member] | Residential mortgage asset-backed securities [Member] | Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset Beginning of period</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">8<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets', window );">Net realized/unrealized gains (losses) included in net income</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets', window );">Net realized/unrealized gains (losses) included in net AOCI</a></td>
<td class="num">(1)<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SalesFairValueMeasurementAssets', window );">Sales</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(6)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss', window );">Currency Movement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset at end of period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | AFS [Member] | Commercial mortgage asset-backed securities [Member] | Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset Beginning of period</a></td>
<td class="nump">2<span></span>
</td>
<td class="nump">4<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SalesFairValueMeasurementAssets', window );">Sales</a></td>
<td class="num">(1)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SettlementsFairValueMeasurementAssets', window );">Settlements</a></td>
<td class="num">(1)<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss', window );">Currency Movement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset at end of period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | AFS [Member] | Other securitized assets [Member] | Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset Beginning of period</a></td>
<td class="nump">2<span></span>
</td>
<td class="nump">5<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets', window );">Net realized/unrealized gains (losses) included in net AOCI</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SettlementsFairValueMeasurementAssets', window );">Settlements</a></td>
<td class="num">(1)<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets', window );">Transfer out of Level 3</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(4)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset at end of period</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | Real estate [Member] | Investment property [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset Beginning of period</a></td>
<td class="nump">12,756<span></span>
</td>
<td class="nump">13,968<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets', window );">Net realized/unrealized gains (losses) included in net income</a></td>
<td class="nump">301<span></span>
</td>
<td class="nump">163<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PurchasesFairValueMeasurementAssets', window );">Purchases</a></td>
<td class="nump">1,257<span></span>
</td>
<td class="nump">681<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SalesFairValueMeasurementAssets', window );">Sales</a></td>
<td class="num">(1,267)<span></span>
</td>
<td class="num">(1,782)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss', window );">Currency Movement</a></td>
<td class="num">(518)<span></span>
</td>
<td class="num">(274)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Asset at end of period</a></td>
<td class="nump">12,529<span></span>
</td>
<td class="nump">12,756<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement', window );">Change in unrealized gains (losses) on assets still held</a></td>
<td class="nump">CAD 264<span></span>
</td>
<td class="nump">CAD 197<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of resources: (a) controlled by the entity as a result of past events; and (b) from which future economic benefits are expected to flow to the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of exchange differences recognised in profit or loss that arise from foreign currency transactions, excluding those arising on financial instruments measured at fair value through profit or loss in accordance with IFRS 9. [Refer: At fair value [member]; Financial instruments, class [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Section A Statement of cash flows for an entity other than a financial institution<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=sect_AStatementofcashflowsforanentityotherthanafinancialinstitution&amp;doctype=Illustrative%20Examples<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 21<br> -IssueDate 2017-01-01<br> -Paragraph 52<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=21&amp;date=2017-03-01&amp;anchor=para_52_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) recognised in other comprehensive income on the fair value measurement of assets. [Refer: At fair value [member]; Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) recognised in profit or loss for assets measured at fair value that are attributable to the change in unrealised gains or losses relating to those assets held at the end of the reporting period. [Refer: At fair value [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_f&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesRecognisedInProfitOrLossAttributableToChangeInUnrealisedGainsOrLossesForAssetsHeldAtEndOfPeriodFairValueMeasurement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) recognised in profit or loss on the fair value measurement of assets. [Refer: At fair value [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PurchasesFairValueMeasurementAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase in the fair value measurement of assets resulting from purchases of those assets. [Refer: At fair value [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PurchasesFairValueMeasurementAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SalesFairValueMeasurementAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The decrease in the fair value measurement of assets resulting from sales. [Refer: At fair value [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SalesFairValueMeasurementAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SettlementsFairValueMeasurementAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The decrease in the fair value measurement of assets resulting from settlements. [Refer: At fair value [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SettlementsFairValueMeasurementAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of transfers of assets into Level 3 of the fair value hierarchy. [Refer: Level 3 of fair value hierarchy [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e_iv&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TransfersIntoLevel3OfFairValueHierarchyAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of transfers of assets out of Level 3 of the fair value hierarchy. [Refer: Level 3 of fair value hierarchy [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e_iv&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TransfersOutOfLevel3OfFairValueHierarchyAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_DebtSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=ifrs-full_DebtSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=mfc_PublicEquitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_PublicEquitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_OtherInvestedAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_OtherInvestedAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=mfc_RealEstateAndOtherMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_RealEstateAndOtherMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=mfc_SegregatedFundsNetAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_SegregatedFundsNetAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MajorCustomersAxis=mfc_OtherGovernmentAndAgencyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MajorCustomersAxis=mfc_OtherGovernmentAndAgencyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MajorCustomersAxis=us-gaap_CorporateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MajorCustomersAxis=us-gaap_CorporateMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MajorCustomersAxis=mfc_ResidentialMortgageAssetbackedSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MajorCustomersAxis=mfc_ResidentialMortgageAssetbackedSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MajorCustomersAxis=mfc_CommercialMortgageAssetbackedSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MajorCustomersAxis=mfc_CommercialMortgageAssetbackedSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MajorCustomersAxis=mfc_OtherSecuritizedAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MajorCustomersAxis=mfc_OtherSecuritizedAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAvailableforsaleCategoryMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAvailableforsaleCategoryMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_RealEstate1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_RealEstate1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_InvestmentPropertyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=ifrs-full_InvestmentPropertyMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>97
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6895687328">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Invested Assets and Investment Income - Summary of Invested Assets and Segregated Funds Net Assets Measured at Fair Value Using Significant Unobservable Inputs (Level 3) (Parenthetical) (Detail) - U.S. Real Estate Investment Trust [Member] - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired', window );">Percentage of unitholder voting rights</a></td>
<td class="nump">9.50%<span></span>
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<td class="text">&#160;<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mfc_RealEstateInvestmentTrustMember', window );">Hancock US Real Estate Trust Fund, L.P. [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProportionOfOwnershipInterestInPartnership', window );">Percentage of ownership of partnership interests</a></td>
<td class="nump">11.70%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mfc_RealEstateInvestmentTrustMember', window );">U.S. Commercial Real Estate [Member] | Hancock US Real Estate Trust Fund, L.P. [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainLossOnSaleOfInvestments1', window );">Gain on sale of investments</a></td>
<td class="nump">CAD 619<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentTypeAxis=mfc_RealEstateInvestmentTrustMember', window );">U.S. Commercial Real Estate [Member] | Singapore [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure of fair value measurement of assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainLossOnSaleOfInvestments1', window );">Gain on sale of investments</a></td>
<td class="nump">CAD 313<span></span>
</td>
<td class="nump">CAD 1,011<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems</td>
</tr>
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<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PercentageOfVotingEquityInterestsAcquired">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The percentage of voting equity interests acquired in a business combination. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B64<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B64_c&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PercentageOfVotingEquityInterestsAcquired</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td>instant</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_GainLossOnSaleOfInvestments1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Gain (loss) on sale of investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_GainLossOnSaleOfInvestments1</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ProportionOfOwnershipInterestInPartnership">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Proportion of ownership interest in partnership</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ProportionOfOwnershipInterestInPartnership</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentTypeAxis=mfc_RealEstateInvestmentTrustMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentTypeAxis=mfc_RealEstateInvestmentTrustMember</td>
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<tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInAssociatesAxis=mfc_HancockUsRealEstateTrustFundLpMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_SG</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6934594352">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Derivative and Hedging Instruments - Summary of Gross Notional Amount and Fair Value of Derivative Contracts (Detail) - CAD<br></strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">CAD 336,773,000,000<span></span>
</td>
<td class="nump">CAD 370,198,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Fair value, assets</a></td>
<td class="nump">15,569,000,000<span></span>
</td>
<td class="nump">23,672,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Fair value, liabilities</a></td>
<td class="nump">7,822,000,000<span></span>
</td>
<td class="nump">14,151,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_DesignatedMember', window );">Designated [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">2,679,000,000<span></span>
</td>
<td class="nump">3,915,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_DesignatedMember', window );">Designated [Member] | Fair value hedges [Member] | Interest rate swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">548,000,000<span></span>
</td>
<td class="nump">2,158,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_DesignatedMember', window );">Designated [Member] | Fair value hedges [Member] | Foreign currency swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">84,000,000<span></span>
</td>
<td class="nump">91,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_DesignatedMember', window );">Designated [Member] | Cash flow hedges [Member] | Foreign currency swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">1,757,000,000<span></span>
</td>
<td class="nump">1,285,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_DesignatedMember', window );">Designated [Member] | Cash flow hedges [Member] | Forward contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">165,000,000<span></span>
</td>
<td class="nump">255,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_DesignatedMember', window );">Designated [Member] | Cash flow hedges [Member] | Equity contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">125,000,000<span></span>
</td>
<td class="nump">126,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_NonDesignated1Member', window );">Non designated [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">334,094,000,000<span></span>
</td>
<td class="nump">366,283,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_NonDesignated1Member', window );">Non designated [Member] | Interest rate swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">246,270,000,000<span></span>
</td>
<td class="nump">281,188,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_NonDesignated1Member', window );">Non designated [Member] | Foreign currency swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">16,321,000,000<span></span>
</td>
<td class="nump">12,226,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_NonDesignated1Member', window );">Non designated [Member] | Forward contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">20,341,000,000<span></span>
</td>
<td class="nump">15,411,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_NonDesignated1Member', window );">Non designated [Member] | Equity contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">13,597,000,000<span></span>
</td>
<td class="nump">14,989,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_NonDesignated1Member', window );">Non designated [Member] | Interest rate futures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">11,551,000,000<span></span>
</td>
<td class="nump">11,616,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_NonDesignated1Member', window );">Non designated [Member] | Interest rate options [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">10,093,000,000<span></span>
</td>
<td class="nump">9,390,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_NonDesignated1Member', window );">Non designated [Member] | Currency rate futures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">3,157,000,000<span></span>
</td>
<td class="nump">4,729,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_NonDesignated1Member', window );">Non designated [Member] | Credit default swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">606,000,000<span></span>
</td>
<td class="nump">662,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_NonDesignated1Member', window );">Non designated [Member] | Equity futures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">12,158,000,000<span></span>
</td>
<td class="nump">16,072,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember', window );">Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Fair value, assets</a></td>
<td class="nump">15,569,000,000<span></span>
</td>
<td class="nump">23,672,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Fair value, liabilities</a></td>
<td class="nump">7,822,000,000<span></span>
</td>
<td class="nump">14,151,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember', window );">Fair value [Member] | Interest rate swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Fair value, assets</a></td>
<td class="nump">14,199,000,000<span></span>
</td>
<td class="nump">22,602,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Fair value, liabilities</a></td>
<td class="nump">6,309,000,000<span></span>
</td>
<td class="nump">11,984,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember', window );">Fair value [Member] | Equity contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Fair value, assets</a></td>
<td class="nump">829,000,000<span></span>
</td>
<td class="nump">690,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Fair value, liabilities</a></td>
<td class="nump">23,000,000<span></span>
</td>
<td class="nump">34,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember', window );">Fair value [Member] | Credit default swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Fair value, assets</a></td>
<td class="nump">14,000,000<span></span>
</td>
<td class="nump">18,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember', window );">Fair value [Member] | Designated [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Fair value, assets</a></td>
<td class="nump">37,000,000<span></span>
</td>
<td class="nump">22,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Fair value, liabilities</a></td>
<td class="nump">362,000,000<span></span>
</td>
<td class="nump">951,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember', window );">Fair value [Member] | Designated [Member] | Fair value hedges [Member] | Interest rate swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Fair value, liabilities</a></td>
<td class="nump">20,000,000<span></span>
</td>
<td class="nump">477,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember', window );">Fair value [Member] | Designated [Member] | Fair value hedges [Member] | Foreign currency swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Fair value, assets</a></td>
<td class="nump">1,000,000<span></span>
</td>
<td class="nump">1,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Fair value, liabilities</a></td>
<td class="nump">4,000,000<span></span>
</td>
<td class="nump">3,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember', window );">Fair value [Member] | Designated [Member] | Cash flow hedges [Member] | Foreign currency swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Fair value, assets</a></td>
<td class="nump">20,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Fair value, liabilities</a></td>
<td class="nump">333,000,000<span></span>
</td>
<td class="nump">447,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember', window );">Fair value [Member] | Designated [Member] | Cash flow hedges [Member] | Forward contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Fair value, liabilities</a></td>
<td class="nump">4,000,000<span></span>
</td>
<td class="nump">23,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember', window );">Fair value [Member] | Designated [Member] | Cash flow hedges [Member] | Equity contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Fair value, assets</a></td>
<td class="nump">16,000,000<span></span>
</td>
<td class="nump">21,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Fair value, liabilities</a></td>
<td class="nump">1,000,000<span></span>
</td>
<td class="nump">1,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember', window );">Fair value [Member] | Non designated [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Fair value, assets</a></td>
<td class="nump">15,532,000,000<span></span>
</td>
<td class="nump">23,650,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Fair value, liabilities</a></td>
<td class="nump">7,460,000,000<span></span>
</td>
<td class="nump">13,200,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember', window );">Fair value [Member] | Non designated [Member] | Interest rate swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Fair value, assets</a></td>
<td class="nump">12,984,000,000<span></span>
</td>
<td class="nump">21,900,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Fair value, liabilities</a></td>
<td class="nump">6,251,000,000<span></span>
</td>
<td class="nump">10,878,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember', window );">Fair value [Member] | Non designated [Member] | Foreign currency swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Fair value, assets</a></td>
<td class="nump">494,000,000<span></span>
</td>
<td class="nump">347,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Fair value, liabilities</a></td>
<td class="nump">1,122,000,000<span></span>
</td>
<td class="nump">1,645,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember', window );">Fair value [Member] | Non designated [Member] | Forward contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Fair value, assets</a></td>
<td class="nump">915,000,000<span></span>
</td>
<td class="nump">340,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Fair value, liabilities</a></td>
<td class="nump">65,000,000<span></span>
</td>
<td class="nump">644,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember', window );">Fair value [Member] | Non designated [Member] | Equity contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Fair value, assets</a></td>
<td class="nump">813,000,000<span></span>
</td>
<td class="nump">669,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Fair value, liabilities</a></td>
<td class="nump">22,000,000<span></span>
</td>
<td class="nump">33,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember', window );">Fair value [Member] | Non designated [Member] | Interest rate options [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Fair value, assets</a></td>
<td class="nump">312,000,000<span></span>
</td>
<td class="nump">376,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember', window );">Fair value [Member] | Non designated [Member] | Credit default swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Fair value, assets</a></td>
<td class="nump">CAD 14,000,000<span></span>
</td>
<td class="nump">CAD 18,000,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DerivativeFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of financial assets classified as derivative instruments. [Refer: Financial assets; Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DerivativeFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DerivativeFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of financial liabilities classified as derivative instruments. [Refer: Financial assets; Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DerivativeFinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfHedgeAccountingLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfHedgeAccountingLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NotionalAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The nominal or face amount of a financial instrument, used to calculate payments made on that instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NotionalAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_HedgingInstrumentsAxis=mfc_DesignatedMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=mfc_DesignatedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfHedgesAxis=ifrs-full_FairValueHedgesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfHedgesAxis=ifrs-full_FairValueHedgesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_InterestRateSwapContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_InterestRateSwapContractMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_CurrencySwapContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_CurrencySwapContractMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfHedgesAxis=ifrs-full_CashFlowHedgesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfHedgesAxis=ifrs-full_CashFlowHedgesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_ForwardContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_ForwardContractMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_EquityContractsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=mfc_EquityContractsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_HedgingInstrumentsAxis=mfc_NonDesignated1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=mfc_NonDesignated1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_InterestRateFuturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=mfc_InterestRateFuturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_InterestRateOptionsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=mfc_InterestRateOptionsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_CurrencyRateFuturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=mfc_CurrencyRateFuturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_CreditDefaultSwapsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=mfc_CreditDefaultSwapsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_EquityFuturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=mfc_EquityFuturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>99
<FILENAME>R70.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6934494096">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Derivative and Hedging Instruments - Summary of Fair Value of Derivative Instruments by Remaining Term to Maturity (Detail) - CAD<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivative assets</a></td>
<td class="nump">CAD 15,569,000,000<span></span>
</td>
<td class="nump">CAD 23,672,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivative liabilities</a></td>
<td class="nump">7,822,000,000<span></span>
</td>
<td class="nump">14,151,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">336,773,000,000<span></span>
</td>
<td class="nump">370,198,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CreditRiskDerivativesAtFairValueNet1', window );">Credit risk equivalent</a></td>
<td class="nump">12,262,000,000<span></span>
</td>
<td class="nump">15,638,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CreditRiskWeightedAmount', window );">Risk- weighted amount</a></td>
<td class="nump">1,457,000,000<span></span>
</td>
<td class="nump">2,194,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember', window );">Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivative assets</a></td>
<td class="nump">15,569,000,000<span></span>
</td>
<td class="nump">23,672,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivative liabilities</a></td>
<td class="nump">7,822,000,000<span></span>
</td>
<td class="nump">14,151,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FairValueOfDerivativeFinancialAssetsLiabilitiesNet', window );">Fair value, net</a></td>
<td class="nump">7,747,000,000<span></span>
</td>
<td class="nump">9,521,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=ifrs-full_InterestRateSwapContractMember', window );">Interest rate swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">285,787,000,000<span></span>
</td>
<td class="nump">318,597,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CreditRiskDerivativesAtFairValueNet1', window );">Credit risk equivalent</a></td>
<td class="nump">7,344,000,000<span></span>
</td>
<td class="nump">10,855,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CreditRiskWeightedAmount', window );">Risk- weighted amount</a></td>
<td class="nump">905,000,000<span></span>
</td>
<td class="nump">1,592,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=ifrs-full_InterestRateSwapContractMember', window );">Interest rate swaps [Member] | OTC swap contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">138,714,000,000<span></span>
</td>
<td class="nump">214,891,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CreditRiskDerivativesAtFairValueNet1', window );">Credit risk equivalent</a></td>
<td class="nump">6,588,000,000<span></span>
</td>
<td class="nump">10,205,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CreditRiskWeightedAmount', window );">Risk- weighted amount</a></td>
<td class="nump">809,000,000<span></span>
</td>
<td class="nump">1,493,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=ifrs-full_InterestRateSwapContractMember', window );">Interest rate swaps [Member] | Cleared swap contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">108,104,000,000<span></span>
</td>
<td class="nump">68,455,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=ifrs-full_InterestRateSwapContractMember', window );">Interest rate swaps [Member] | Forward contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">17,325,000,000<span></span>
</td>
<td class="nump">14,245,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CreditRiskDerivativesAtFairValueNet1', window );">Credit risk equivalent</a></td>
<td class="nump">285,000,000<span></span>
</td>
<td class="nump">192,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CreditRiskWeightedAmount', window );">Risk- weighted amount</a></td>
<td class="nump">35,000,000<span></span>
</td>
<td class="nump">29,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=ifrs-full_InterestRateSwapContractMember', window );">Interest rate swaps [Member] | Futures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">11,551,000,000<span></span>
</td>
<td class="nump">11,616,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=ifrs-full_InterestRateSwapContractMember', window );">Interest rate swaps [Member] | Options purchased [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">10,093,000,000<span></span>
</td>
<td class="nump">9,390,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CreditRiskDerivativesAtFairValueNet1', window );">Credit risk equivalent</a></td>
<td class="nump">471,000,000<span></span>
</td>
<td class="nump">458,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CreditRiskWeightedAmount', window );">Risk- weighted amount</a></td>
<td class="nump">61,000,000<span></span>
</td>
<td class="nump">70,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=ifrs-full_InterestRateSwapContractMember', window );">Interest rate swaps [Member] | Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivative assets</a></td>
<td class="nump">14,839,000,000<span></span>
</td>
<td class="nump">23,536,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivative liabilities</a></td>
<td class="nump">7,111,000,000<span></span>
</td>
<td class="nump">12,900,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FairValueOfDerivativeFinancialAssetsLiabilitiesNet', window );">Fair value, net</a></td>
<td class="nump">7,728,000,000<span></span>
</td>
<td class="nump">10,636,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=ifrs-full_InterestRateSwapContractMember', window );">Interest rate swaps [Member] | Fair value [Member] | OTC swap contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivative assets</a></td>
<td class="nump">13,379,000,000<span></span>
</td>
<td class="nump">19,327,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivative liabilities</a></td>
<td class="nump">6,867,000,000<span></span>
</td>
<td class="nump">10,154,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FairValueOfDerivativeFinancialAssetsLiabilitiesNet', window );">Fair value, net</a></td>
<td class="nump">6,512,000,000<span></span>
</td>
<td class="nump">9,173,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=ifrs-full_InterestRateSwapContractMember', window );">Interest rate swaps [Member] | Fair value [Member] | Cleared swap contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivative assets</a></td>
<td class="nump">245,000,000<span></span>
</td>
<td class="nump">3,507,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivative liabilities</a></td>
<td class="nump">206,000,000<span></span>
</td>
<td class="nump">2,117,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FairValueOfDerivativeFinancialAssetsLiabilitiesNet', window );">Fair value, net</a></td>
<td class="nump">39,000,000<span></span>
</td>
<td class="nump">1,390,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=ifrs-full_InterestRateSwapContractMember', window );">Interest rate swaps [Member] | Fair value [Member] | Forward contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivative assets</a></td>
<td class="nump">903,000,000<span></span>
</td>
<td class="nump">326,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivative liabilities</a></td>
<td class="nump">38,000,000<span></span>
</td>
<td class="nump">629,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FairValueOfDerivativeFinancialAssetsLiabilitiesNet', window );">Fair value, net</a></td>
<td class="nump">865,000,000<span></span>
</td>
<td class="num">(303,000,000)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=ifrs-full_InterestRateSwapContractMember', window );">Interest rate swaps [Member] | Fair value [Member] | Options purchased [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivative assets</a></td>
<td class="nump">312,000,000<span></span>
</td>
<td class="nump">376,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FairValueOfDerivativeFinancialAssetsLiabilitiesNet', window );">Fair value, net</a></td>
<td class="nump">312,000,000<span></span>
</td>
<td class="nump">376,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_ForeignExchange4Member', window );">Foreign exchange [Member] | Forward contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">3,181,000,000<span></span>
</td>
<td class="nump">1,422,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CreditRiskDerivativesAtFairValueNet1', window );">Credit risk equivalent</a></td>
<td class="nump">101,000,000<span></span>
</td>
<td class="nump">62,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CreditRiskWeightedAmount', window );">Risk- weighted amount</a></td>
<td class="nump">12,000,000<span></span>
</td>
<td class="nump">9,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_ForeignExchange4Member', window );">Foreign exchange [Member] | Futures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">3,157,000,000<span></span>
</td>
<td class="nump">4,729,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_ForeignExchange4Member', window );">Foreign exchange [Member] | Swap contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">18,162,000,000<span></span>
</td>
<td class="nump">13,601,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CreditRiskDerivativesAtFairValueNet1', window );">Credit risk equivalent</a></td>
<td class="nump">1,874,000,000<span></span>
</td>
<td class="nump">1,491,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CreditRiskWeightedAmount', window );">Risk- weighted amount</a></td>
<td class="nump">200,000,000<span></span>
</td>
<td class="nump">181,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_ForeignExchange4Member', window );">Foreign exchange [Member] | Fair value [Member] | Forward contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivative assets</a></td>
<td class="nump">12,000,000<span></span>
</td>
<td class="nump">13,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivative liabilities</a></td>
<td class="nump">31,000,000<span></span>
</td>
<td class="nump">38,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FairValueOfDerivativeFinancialAssetsLiabilitiesNet', window );">Fair value, net</a></td>
<td class="num">(19,000,000)<span></span>
</td>
<td class="num">(25,000,000)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_ForeignExchange4Member', window );">Foreign exchange [Member] | Fair value [Member] | Swap contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivative assets</a></td>
<td class="nump">510,000,000<span></span>
</td>
<td class="nump">346,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivative liabilities</a></td>
<td class="nump">1,483,000,000<span></span>
</td>
<td class="nump">2,120,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FairValueOfDerivativeFinancialAssetsLiabilitiesNet', window );">Fair value, net</a></td>
<td class="num">(973,000,000)<span></span>
</td>
<td class="num">(1,774,000,000)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_CreditDerivativesMember', window );">Credit derivatives [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">606,000,000<span></span>
</td>
<td class="nump">662,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_CreditDerivativesMember', window );">Credit derivatives [Member] | Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivative assets</a></td>
<td class="nump">14,000,000<span></span>
</td>
<td class="nump">18,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FairValueOfDerivativeFinancialAssetsLiabilitiesNet', window );">Fair value, net</a></td>
<td class="nump">14,000,000<span></span>
</td>
<td class="nump">18,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_EquityContractsMember', window );">Equity contracts [Member] | Futures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">12,158,000,000<span></span>
</td>
<td class="nump">16,072,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_EquityContractsMember', window );">Equity contracts [Member] | Options purchased [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">10,941,000,000<span></span>
</td>
<td class="nump">11,816,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CreditRiskDerivativesAtFairValueNet1', window );">Credit risk equivalent</a></td>
<td class="nump">2,606,000,000<span></span>
</td>
<td class="nump">2,735,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CreditRiskWeightedAmount', window );">Risk- weighted amount</a></td>
<td class="nump">305,000,000<span></span>
</td>
<td class="nump">358,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_EquityContractsMember', window );">Equity contracts [Member] | Swap contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">2,781,000,000<span></span>
</td>
<td class="nump">3,299,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CreditRiskDerivativesAtFairValueNet1', window );">Credit risk equivalent</a></td>
<td class="nump">337,000,000<span></span>
</td>
<td class="nump">495,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CreditRiskWeightedAmount', window );">Risk- weighted amount</a></td>
<td class="nump">35,000,000<span></span>
</td>
<td class="nump">54,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_EquityContractsMember', window );">Equity contracts [Member] | Fair value [Member] | Options purchased [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivative assets</a></td>
<td class="nump">769,000,000<span></span>
</td>
<td class="nump">626,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivative liabilities</a></td>
<td class="nump">10,000,000<span></span>
</td>
<td class="nump">2,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FairValueOfDerivativeFinancialAssetsLiabilitiesNet', window );">Fair value, net</a></td>
<td class="nump">759,000,000<span></span>
</td>
<td class="nump">624,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_EquityContractsMember', window );">Equity contracts [Member] | Fair value [Member] | Swap contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivative assets</a></td>
<td class="nump">60,000,000<span></span>
</td>
<td class="nump">64,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivative liabilities</a></td>
<td class="nump">14,000,000<span></span>
</td>
<td class="nump">35,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FairValueOfDerivativeFinancialAssetsLiabilitiesNet', window );">Fair value, net</a></td>
<td class="nump">46,000,000<span></span>
</td>
<td class="nump">29,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_FinancialInstrumentsMember', window );">Financial Instruments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">336,773,000,000<span></span>
</td>
<td class="nump">370,198,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CreditRiskDerivativesAtFairValueNet1', window );">Credit risk equivalent</a></td>
<td class="nump">12,262,000,000<span></span>
</td>
<td class="nump">15,638,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CreditRiskWeightedAmount', window );">Risk- weighted amount</a></td>
<td class="nump">1,457,000,000<span></span>
</td>
<td class="nump">2,194,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_FinancialInstrumentsMember', window );">Financial Instruments [Member] | Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivative assets</a></td>
<td class="nump">16,204,000,000<span></span>
</td>
<td class="nump">24,603,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivative liabilities</a></td>
<td class="nump">8,649,000,000<span></span>
</td>
<td class="nump">15,095,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FairValueOfDerivativeFinancialAssetsLiabilitiesNet', window );">Fair value, net</a></td>
<td class="nump">7,555,000,000<span></span>
</td>
<td class="nump">9,508,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_HedgingInstrumentsAxis=mfc_AccruedInterestMember', window );">Accrued interest [Member] | Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivative assets</a></td>
<td class="nump">635,000,000<span></span>
</td>
<td class="nump">931,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivative liabilities</a></td>
<td class="nump">827,000,000<span></span>
</td>
<td class="nump">944,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FairValueOfDerivativeFinancialAssetsLiabilitiesNet', window );">Fair value, net</a></td>
<td class="num">(192,000,000)<span></span>
</td>
<td class="num">(13,000,000)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Less than 1 year [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivative assets</a></td>
<td class="nump">605,000,000<span></span>
</td>
<td class="nump">467,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivative liabilities</a></td>
<td class="nump">224,000,000<span></span>
</td>
<td class="nump">593,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">53,882,000,000<span></span>
</td>
<td class="nump">64,933,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Less than 1 year [Member] | Interest rate swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">27,179,000,000<span></span>
</td>
<td class="nump">33,289,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Less than 1 year [Member] | Interest rate swaps [Member] | OTC swap contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">7,161,000,000<span></span>
</td>
<td class="nump">13,244,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Less than 1 year [Member] | Interest rate swaps [Member] | Cleared swap contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">1,615,000,000<span></span>
</td>
<td class="nump">717,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Less than 1 year [Member] | Interest rate swaps [Member] | Forward contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">6,036,000,000<span></span>
</td>
<td class="nump">7,229,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Less than 1 year [Member] | Interest rate swaps [Member] | Futures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">11,551,000,000<span></span>
</td>
<td class="nump">11,616,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Less than 1 year [Member] | Interest rate swaps [Member] | Options purchased [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">816,000,000<span></span>
</td>
<td class="nump">483,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Less than 1 year [Member] | Foreign exchange [Member] | Forward contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">3,046,000,000<span></span>
</td>
<td class="nump">1,257,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Less than 1 year [Member] | Foreign exchange [Member] | Futures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">3,157,000,000<span></span>
</td>
<td class="nump">4,729,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Less than 1 year [Member] | Foreign exchange [Member] | Swap contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">999,000,000<span></span>
</td>
<td class="nump">425,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Less than 1 year [Member] | Credit derivatives [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">38,000,000<span></span>
</td>
<td class="nump">47,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Less than 1 year [Member] | Equity contracts [Member] | Futures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">12,158,000,000<span></span>
</td>
<td class="nump">16,072,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Less than 1 year [Member] | Equity contracts [Member] | Options purchased [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">4,693,000,000<span></span>
</td>
<td class="nump">6,007,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Less than 1 year [Member] | Equity contracts [Member] | Swap contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">2,612,000,000<span></span>
</td>
<td class="nump">3,107,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Less than 1 year [Member] | Financial Instruments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">53,882,000,000<span></span>
</td>
<td class="nump">64,933,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember', window );">1 to 3 years [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivative assets</a></td>
<td class="nump">822,000,000<span></span>
</td>
<td class="nump">680,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivative liabilities</a></td>
<td class="nump">149,000,000<span></span>
</td>
<td class="nump">595,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember', window );">3 to 5 years [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivative assets</a></td>
<td class="nump">889,000,000<span></span>
</td>
<td class="nump">719,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivative liabilities</a></td>
<td class="nump">168,000,000<span></span>
</td>
<td class="nump">511,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember', window );">1 to 5 years [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">58,040,000,000<span></span>
</td>
<td class="nump">61,949,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember', window );">1 to 5 years [Member] | Interest rate swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">46,539,000,000<span></span>
</td>
<td class="nump">51,251,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember', window );">1 to 5 years [Member] | Interest rate swaps [Member] | OTC swap contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">19,141,000,000<span></span>
</td>
<td class="nump">37,395,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember', window );">1 to 5 years [Member] | Interest rate swaps [Member] | Cleared swap contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">12,928,000,000<span></span>
</td>
<td class="nump">4,786,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember', window );">1 to 5 years [Member] | Interest rate swaps [Member] | Forward contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">10,614,000,000<span></span>
</td>
<td class="nump">6,143,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember', window );">1 to 5 years [Member] | Interest rate swaps [Member] | Options purchased [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">3,856,000,000<span></span>
</td>
<td class="nump">2,927,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember', window );">1 to 5 years [Member] | Foreign exchange [Member] | Forward contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">135,000,000<span></span>
</td>
<td class="nump">165,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember', window );">1 to 5 years [Member] | Foreign exchange [Member] | Swap contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">4,481,000,000<span></span>
</td>
<td class="nump">3,917,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember', window );">1 to 5 years [Member] | Credit derivatives [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">568,000,000<span></span>
</td>
<td class="nump">615,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember', window );">1 to 5 years [Member] | Equity contracts [Member] | Options purchased [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">6,148,000,000<span></span>
</td>
<td class="nump">5,809,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember', window );">1 to 5 years [Member] | Equity contracts [Member] | Swap contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">169,000,000<span></span>
</td>
<td class="nump">192,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember', window );">1 to 5 years [Member] | Financial Instruments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">58,040,000,000<span></span>
</td>
<td class="nump">61,949,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsMember', window );">Over 5 years [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Derivative assets</a></td>
<td class="nump">13,253,000,000<span></span>
</td>
<td class="nump">21,806,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivative liabilities</a></td>
<td class="nump">7,281,000,000<span></span>
</td>
<td class="nump">12,452,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">224,851,000,000<span></span>
</td>
<td class="nump">243,316,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsMember', window );">Over 5 years [Member] | Interest rate swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">212,069,000,000<span></span>
</td>
<td class="nump">234,057,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsMember', window );">Over 5 years [Member] | Interest rate swaps [Member] | OTC swap contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">112,412,000,000<span></span>
</td>
<td class="nump">164,252,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsMember', window );">Over 5 years [Member] | Interest rate swaps [Member] | Cleared swap contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">93,561,000,000<span></span>
</td>
<td class="nump">62,952,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsMember', window );">Over 5 years [Member] | Interest rate swaps [Member] | Forward contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">675,000,000<span></span>
</td>
<td class="nump">873,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsMember', window );">Over 5 years [Member] | Interest rate swaps [Member] | Options purchased [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">5,421,000,000<span></span>
</td>
<td class="nump">5,980,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsMember', window );">Over 5 years [Member] | Foreign exchange [Member] | Swap contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">12,682,000,000<span></span>
</td>
<td class="nump">9,259,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsMember', window );">Over 5 years [Member] | Equity contracts [Member] | Options purchased [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">100,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsMember', window );">Over 5 years [Member] | Financial Instruments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Remaining term to maturity (notional amounts)</a></td>
<td class="nump">CAD 224,851,000,000<span></span>
</td>
<td class="nump">CAD 243,316,000,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DerivativeFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of financial assets classified as derivative instruments. [Refer: Financial assets; Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DerivativeFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DerivativeFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of financial liabilities classified as derivative instruments. [Refer: Financial assets; Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DerivativeFinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfHedgeAccountingLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfHedgeAccountingLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NotionalAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The nominal or face amount of a financial instrument, used to calculate payments made on that instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NotionalAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_CreditRiskDerivativesAtFairValueNet1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Credit risk derivatives at fair value net.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_CreditRiskDerivativesAtFairValueNet1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_CreditRiskWeightedAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Credit risk weighted amount.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_CreditRiskWeightedAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_FairValueOfDerivativeFinancialAssetsLiabilitiesNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of derivative financial assets liabilities net.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_FairValueOfDerivativeFinancialAssetsLiabilitiesNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_HedgingInstrumentsAxis=ifrs-full_InterestRateSwapContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=ifrs-full_InterestRateSwapContractMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_OTCSwapContractsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=mfc_OTCSwapContractsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_ClearedSwapContractsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=mfc_ClearedSwapContractsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_ForwardContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_ForwardContractMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_FuturesContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_FuturesContractMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_OptionContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_OptionContractMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_HedgingInstrumentsAxis=mfc_ForeignExchange4Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=mfc_ForeignExchange4Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_SwapContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_SwapContractMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_HedgingInstrumentsAxis=mfc_CreditDerivativesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=mfc_CreditDerivativesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_HedgingInstrumentsAxis=mfc_EquityContractsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=mfc_EquityContractsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=mfc_FinancialInstrumentsMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgingInstrumentsAxis=mfc_AccruedInterestMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember</td>
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<tr>
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<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsMember</td>
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<DOCUMENT>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6936078992">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Derivative and Hedging Instruments - Additional Information (Detail) - CAD<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">CAD 336,773,000,000<span></span>
</td>
<td class="nump">CAD 370,198,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FairValueOfReinsuranceCededGuaranteedMinimumIncomeBenefits', window );">Fair value of reinsurance ceded guaranteed minimum income benefits</a></td>
<td class="nump">1,079,000,000<span></span>
</td>
<td class="nump">1,408,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FairValueOfReinsuranceAssumedGuaranteedMinimumIncomeBenefits', window );">Fair value of reinsurance assumed guaranteed minimum income benefits</a></td>
<td class="nump">100,000,000<span></span>
</td>
<td class="nump">119,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FairValueOfCreditAndInterestRateEmbeddedDerivatives', window );">Fair value of credit and interest rate embedded derivatives</a></td>
<td class="nump">123,000,000<span></span>
</td>
<td class="nump">218,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ComponentsOfEquityAxis=ifrs-full_AccumulatedOtherComprehensiveIncomeMember', window );">Shareholders' accumulated other comprehensive income (loss) ("AOCI") [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossWithinTheNextTwelveMonthsnetOfTax', window );">Net loss that will be reclassified from AOCI to net income within next 12 months</a></td>
<td class="nump">CAD 13,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_MaximumTimeFrameForWhichVariableCashFlowsAreHedged', window );">Maximum time frame for which variable cash flows are hedged</a></td>
<td class="text">19 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_VariableAnnuityGuaranteeDynamicHedgingAndMacroEquityRiskHedgingProgramsMember', window );">Variable annuity guarantee dynamic hedging and macro equity risk hedging programs [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">CAD 114,000,000,000<span></span>
</td>
<td class="nump">CAD 177,000,000,000<span></span>
</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfHedgeAccountingLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfHedgeAccountingLineItems</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The nominal or face amount of a financial instrument, used to calculate payments made on that instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NotionalAmount</td>
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<tr>
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<tr>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_FairValueOfCreditAndInterestRateEmbeddedDerivatives">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of credit and interest rate embedded derivatives.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_FairValueOfCreditAndInterestRateEmbeddedDerivatives</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_FairValueOfReinsuranceAssumedGuaranteedMinimumIncomeBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of reinsurance assumed guaranteed minimum income benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_FairValueOfReinsuranceAssumedGuaranteedMinimumIncomeBenefits</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_FairValueOfReinsuranceCededGuaranteedMinimumIncomeBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of reinsurance ceded guaranteed minimum income benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_FairValueOfReinsuranceCededGuaranteedMinimumIncomeBenefits</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_MaximumTimeFrameForWhichVariableCashFlowsAreHedged">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Maximum time frame for which variable cash flows are hedged.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_MaximumTimeFrameForWhichVariableCashFlowsAreHedged</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossWithinTheNextTwelveMonthsnetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Within The next 12 monthsNet Of Tax</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossWithinTheNextTwelveMonthsnetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ComponentsOfEquityAxis=ifrs-full_AccumulatedOtherComprehensiveIncomeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ComponentsOfEquityAxis=ifrs-full_AccumulatedOtherComprehensiveIncomeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_VariableAnnuityGuaranteeDynamicHedgingAndMacroEquityRiskHedgingProgramsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=mfc_VariableAnnuityGuaranteeDynamicHedgingAndMacroEquityRiskHedgingProgramsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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</div>
</body>
</html>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>101
<FILENAME>R72.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6932953680">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Derivative and Hedging Instruments - Summary of Fair Value of Derivative Contracts (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Total derivative assets</a></td>
<td class="nump">CAD 15,569<span></span>
</td>
<td class="nump">CAD 23,672<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Total derivative liabilities</a></td>
<td class="nump">7,822<span></span>
</td>
<td class="nump">14,151<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember', window );">Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Total derivative assets</a></td>
<td class="nump">15,569<span></span>
</td>
<td class="nump">23,672<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Total derivative liabilities</a></td>
<td class="nump">7,822<span></span>
</td>
<td class="nump">14,151<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_InterestRateSwapContractMember', window );">Interest rate swaps [Member] | Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Total derivative assets</a></td>
<td class="nump">14,199<span></span>
</td>
<td class="nump">22,602<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Total derivative liabilities</a></td>
<td class="nump">6,309<span></span>
</td>
<td class="nump">11,984<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_ForeignExchangeContract1Member', window );">Foreign Exchange Contract [Member] | Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Total derivative assets</a></td>
<td class="nump">527<span></span>
</td>
<td class="nump">362<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Total derivative liabilities</a></td>
<td class="nump">1,490<span></span>
</td>
<td class="nump">2,133<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_EquityContractsMember', window );">Equity contracts [Member] | Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Total derivative assets</a></td>
<td class="nump">829<span></span>
</td>
<td class="nump">690<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Total derivative liabilities</a></td>
<td class="nump">23<span></span>
</td>
<td class="nump">34<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_CreditDefaultSwapsMember', window );">Credit default swaps [Member] | Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Total derivative assets</a></td>
<td class="nump">14<span></span>
</td>
<td class="nump">18<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member] | Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Total derivative assets</a></td>
<td class="nump">14,490<span></span>
</td>
<td class="nump">22,606<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Total derivative liabilities</a></td>
<td class="nump">7,512<span></span>
</td>
<td class="nump">13,248<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member] | Interest rate swaps [Member] | Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Total derivative assets</a></td>
<td class="nump">13,181<span></span>
</td>
<td class="nump">22,045<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Total derivative liabilities</a></td>
<td class="nump">6,012<span></span>
</td>
<td class="nump">11,114<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member] | Foreign Exchange Contract [Member] | Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Total derivative assets</a></td>
<td class="nump">527<span></span>
</td>
<td class="nump">361<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Total derivative liabilities</a></td>
<td class="nump">1,490<span></span>
</td>
<td class="nump">2,133<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member] | Equity contracts [Member] | Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Total derivative assets</a></td>
<td class="nump">768<span></span>
</td>
<td class="nump">182<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Total derivative liabilities</a></td>
<td class="nump">10<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member] | Credit default swaps [Member] | Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Total derivative assets</a></td>
<td class="nump">14<span></span>
</td>
<td class="nump">18<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Total derivative assets</a></td>
<td class="nump">1,079<span></span>
</td>
<td class="nump">1,066<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Total derivative liabilities</a></td>
<td class="nump">310<span></span>
</td>
<td class="nump">903<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | Interest rate swaps [Member] | Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Total derivative assets</a></td>
<td class="nump">1,018<span></span>
</td>
<td class="nump">557<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Total derivative liabilities</a></td>
<td class="nump">297<span></span>
</td>
<td class="nump">870<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | Foreign Exchange Contract [Member] | Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Total derivative assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember', window );">Level 3 [Member] | Equity contracts [Member] | Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialAssets', window );">Total derivative assets</a></td>
<td class="nump">61<span></span>
</td>
<td class="nump">508<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Total derivative liabilities</a></td>
<td class="nump">CAD 13<span></span>
</td>
<td class="nump">CAD 33<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DerivativeFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of financial assets classified as derivative instruments. [Refer: Financial assets; Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DerivativeFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DerivativeFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of financial liabilities classified as derivative instruments. [Refer: Financial assets; Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DerivativeFinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfHedgeAccountingLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfHedgeAccountingLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_InterestRateSwapContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_InterestRateSwapContractMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_ForeignExchangeContract1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=mfc_ForeignExchangeContract1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_EquityContractsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=mfc_EquityContractsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_CreditDefaultSwapsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=mfc_CreditDefaultSwapsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>102
<FILENAME>R73.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6886554656">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Derivative and Hedging Instruments - Net Derivative Significant Unobservable Inputs Used in Fair Value Measurement (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfRollForwardsForNetDerivativeContractsMeasuredAtFairValueUsingSignificantUnobservableInputsAbstract', window );"><strong>Disclosure of Roll forwards for net derivative contracts measured at fair value using significant unobservable inputs abstract</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DerivativeFairValueAmount', window );">Balance at the beginning of the year</a></td>
<td class="nump">CAD 163<span></span>
</td>
<td class="nump">CAD 350<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetRealizedUnrealizedGainsLossesOnDerivativeInvestmentIncome', window );">Net income</a></td>
<td class="nump">1,082<span></span>
</td>
<td class="nump">47<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetRealizedUnrealizedGainsLossesOnDerivativeOtherComprehensiveIncome', window );">OCI</a></td>
<td class="num">(9)<span></span>
</td>
<td class="nump">40<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PurchasesOfMultipleSignificantUnobservableInputsOnDerivativeInstruments', window );">Purchases</a></td>
<td class="nump">22<span></span>
</td>
<td class="nump">373<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SettlementsMultipleSignificantUnobservableInputsOnDerivativeInstruments', window );">Settlements</a></td>
<td class="num">(103)<span></span>
</td>
<td class="num">(522)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TransfersIntoLevel3OfFairValueHierarchyFinancialAssetsAndLiabilities', window );">Into Level 3</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TransfersOutOfLevel3OfFairValueHierarchyFinancialAssetsAndLiabilities', window );">Out of Level 3</a></td>
<td class="num">(363)<span></span>
</td>
<td class="num">(116)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CurrencyMovementOfMultipleSignificantUnobservableInputsOnDerivativeInstruments', window );">Currency movement</a></td>
<td class="num">(23)<span></span>
</td>
<td class="num">(9)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DerivativeFairValueAmount', window );">Balance at the end of the year</a></td>
<td class="nump">769<span></span>
</td>
<td class="nump">163<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives', window );">Change in unrealized gains (losses) on instruments still held</a></td>
<td class="nump">CAD 832<span></span>
</td>
<td class="nump">CAD 145<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) resulting from change in the fair value of derivatives recognised in profit or loss. [Refer: Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_CurrencyMovementOfMultipleSignificantUnobservableInputsOnDerivativeInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Currency movement of multiple significant unobservable inputs on derivative instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_CurrencyMovementOfMultipleSignificantUnobservableInputsOnDerivativeInstruments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DerivativeFairValueAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Derivative fair value amount.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DerivativeFairValueAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfRollForwardsForNetDerivativeContractsMeasuredAtFairValueUsingSignificantUnobservableInputsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of Roll forwards for net derivative contracts measured at fair value using significant unobservable inputs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfRollForwardsForNetDerivativeContractsMeasuredAtFairValueUsingSignificantUnobservableInputsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NetRealizedUnrealizedGainsLossesOnDerivativeInvestmentIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net realized unrealized gains (losses) on derivative investment income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NetRealizedUnrealizedGainsLossesOnDerivativeInvestmentIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NetRealizedUnrealizedGainsLossesOnDerivativeOtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net realized unrealized gains losses on derivative other comprehensive income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NetRealizedUnrealizedGainsLossesOnDerivativeOtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_PurchasesOfMultipleSignificantUnobservableInputsOnDerivativeInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Purchases of multiple significant unobservable inputs on derivative instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_PurchasesOfMultipleSignificantUnobservableInputsOnDerivativeInstruments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_SettlementsMultipleSignificantUnobservableInputsOnDerivativeInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Settlements multiple significant unobservable inputs on derivative instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_SettlementsMultipleSignificantUnobservableInputsOnDerivativeInstruments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_TransfersIntoLevel3OfFairValueHierarchyFinancialAssetsAndLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Transfers Into Level 3 Of Fair Value Hierarchy Financial Assets And Liabilities</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_TransfersIntoLevel3OfFairValueHierarchyFinancialAssetsAndLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_TransfersOutOfLevel3OfFairValueHierarchyFinancialAssetsAndLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Transfers Out Of Level 3 Of Fair Value Hierarchy Financial Assets And Liabilities</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_TransfersOutOfLevel3OfFairValueHierarchyFinancialAssetsAndLiabilities</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6895986256">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Derivative and Hedging Instruments - Summary of Recognized Gains Losses on Derivatives and Hedged Items in Fair Value Hedges in Investment Income (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives', window );">Gains (losses) recognized on derivatives</a></td>
<td class="nump">CAD 832<span></span>
</td>
<td class="nump">CAD 145<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfHedgesAxis=ifrs-full_FairValueHedgesMember', window );">Fair value hedges [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives', window );">Gains (losses) recognized on derivatives</a></td>
<td class="num">(17)<span></span>
</td>
<td class="num">(53)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness', window );">Gains (losses) recognized for hedged items</a></td>
<td class="nump">18<span></span>
</td>
<td class="nump">33<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainLossOnHedgeIneffectiveness', window );">Ineffectiveness recognized in investment income</a></td>
<td class="nump">1<span></span>
</td>
<td class="num">(20)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfHedgesAxis=ifrs-full_FairValueHedgesMember', window );">Fair value hedges [Member] | Interest rate swaps [Member] | Fixed rate assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives', window );">Gains (losses) recognized on derivatives</a></td>
<td class="nump">2<span></span>
</td>
<td class="num">(52)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness', window );">Gains (losses) recognized for hedged items</a></td>
<td class="num">(3)<span></span>
</td>
<td class="nump">30<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainLossOnHedgeIneffectiveness', window );">Ineffectiveness recognized in investment income</a></td>
<td class="num">(1)<span></span>
</td>
<td class="num">(22)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfHedgesAxis=ifrs-full_FairValueHedgesMember', window );">Fair value hedges [Member] | Interest rate swaps [Member] | Fixed rate liabilities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives', window );">Gains (losses) recognized on derivatives</a></td>
<td class="num">(17)<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness', window );">Gains (losses) recognized for hedged items</a></td>
<td class="nump">17<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfHedgesAxis=ifrs-full_FairValueHedgesMember', window );">Fair value hedges [Member] | Foreign currency swaps [Member] | Fixed rate assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives', window );">Gains (losses) recognized on derivatives</a></td>
<td class="num">(2)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness', window );">Gains (losses) recognized for hedged items</a></td>
<td class="nump">4<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainLossOnHedgeIneffectiveness', window );">Ineffectiveness recognized in investment income</a></td>
<td class="nump">CAD 2<span></span>
</td>
<td class="nump">CAD 2<span></span>
</td>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfHedgeAccountingLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfHedgeAccountingLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gain (loss) on the change in fair value of the hedged item used as a basis for recognising hedge ineffectiveness. Hedge ineffectiveness is the extent to which the changes in the fair value or the cash flows of the hedging instrument are greater or less than those on the hedged item.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 24B<br> -Subparagraph a<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_24B_a_iv&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 24B<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_24B_b_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainLossOnHedgeIneffectiveness">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gain (loss) on hedge ineffectiveness. Hedge ineffectiveness is the extent to which the changes in the fair value or the cash flows of the hedging instrument are greater or less than those on the hedged item.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 24C<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_24C_a_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainLossOnHedgeIneffectiveness</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gains (losses) resulting from change in the fair value of derivatives recognised in profit or loss. [Refer: Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_InterestRateSwapContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgedItemsAxis=mfc_FixedRateAssetsMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_HedgedItemsAxis=mfc_FixedRateLiabilitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgedItemsAxis=mfc_FixedRateLiabilitiesMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Derivative and Hedging Instruments - Summary of Effects of Derivatives in Cash Flow Hedging Relationships (Detail) - Cash flow hedges [Member] - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainsLossesDeferredInAccumulatedOtherComprehensiveIncomeOnDerivatives', window );">Gains (losses) deferred in AOCI on derivatives</a></td>
<td class="nump">CAD 163<span></span>
</td>
<td class="nump">CAD 74<span></span>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainsLossesReclassifiedFromAccumulatedOtherComprehensiveIncomeIntoInvestmentIncome', window );">Gains (losses) reclassified from AOCI into investment income</a></td>
<td class="nump">58<span></span>
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<td class="num">(15)<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IneffectivenessRecognizedInInvestmentIncome', window );">Ineffectiveness recognized in investment income</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfHedgesAxis=ifrs-full_CashFlowHedgesMember', window );">Interest rate swaps [Member] | Forecasted liabilities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainsLossesReclassifiedFromAccumulatedOtherComprehensiveIncomeIntoInvestmentIncome', window );">Gains (losses) reclassified from AOCI into investment income</a></td>
<td class="num">(17)<span></span>
</td>
<td class="num">(18)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IneffectivenessRecognizedInInvestmentIncome', window );">Ineffectiveness recognized in investment income</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfHedgesAxis=ifrs-full_CashFlowHedgesMember', window );">Foreign currency swaps [Member] | Fixed rate assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainsLossesDeferredInAccumulatedOtherComprehensiveIncomeOnDerivatives', window );">Gains (losses) deferred in AOCI on derivatives</a></td>
<td class="nump">3<span></span>
</td>
<td class="num">(4)<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainsLossesReclassifiedFromAccumulatedOtherComprehensiveIncomeIntoInvestmentIncome', window );">Gains (losses) reclassified from AOCI into investment income</a></td>
<td class="num">(1)<span></span>
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<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IneffectivenessRecognizedInInvestmentIncome', window );">Ineffectiveness recognized in investment income</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfHedgesAxis=ifrs-full_CashFlowHedgesMember', window );">Foreign currency swaps [Member] | Floating rate liabilities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainsLossesDeferredInAccumulatedOtherComprehensiveIncomeOnDerivatives', window );">Gains (losses) deferred in AOCI on derivatives</a></td>
<td class="nump">95<span></span>
</td>
<td class="nump">47<span></span>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainsLossesReclassifiedFromAccumulatedOtherComprehensiveIncomeIntoInvestmentIncome', window );">Gains (losses) reclassified from AOCI into investment income</a></td>
<td class="nump">50<span></span>
</td>
<td class="nump">23<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IneffectivenessRecognizedInInvestmentIncome', window );">Ineffectiveness recognized in investment income</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfHedgesAxis=ifrs-full_CashFlowHedgesMember', window );">Foreign currency swaps [Member] | Fixed rate liabilities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainsLossesDeferredInAccumulatedOtherComprehensiveIncomeOnDerivatives', window );">Gains (losses) deferred in AOCI on derivatives</a></td>
<td class="nump">35<span></span>
</td>
<td class="num">(15)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainsLossesReclassifiedFromAccumulatedOtherComprehensiveIncomeIntoInvestmentIncome', window );">Gains (losses) reclassified from AOCI into investment income</a></td>
<td class="nump">7<span></span>
</td>
<td class="num">(8)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IneffectivenessRecognizedInInvestmentIncome', window );">Ineffectiveness recognized in investment income</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfHedgesAxis=ifrs-full_CashFlowHedgesMember', window );">Forward contracts [Member] | Forecasted expenses [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainsLossesDeferredInAccumulatedOtherComprehensiveIncomeOnDerivatives', window );">Gains (losses) deferred in AOCI on derivatives</a></td>
<td class="nump">10<span></span>
</td>
<td class="nump">7<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainsLossesReclassifiedFromAccumulatedOtherComprehensiveIncomeIntoInvestmentIncome', window );">Gains (losses) reclassified from AOCI into investment income</a></td>
<td class="num">(10)<span></span>
</td>
<td class="num">(14)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IneffectivenessRecognizedInInvestmentIncome', window );">Ineffectiveness recognized in investment income</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfHedgesAxis=ifrs-full_CashFlowHedgesMember', window );">Equity contracts [Member] | Stock-based compensation [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainsLossesDeferredInAccumulatedOtherComprehensiveIncomeOnDerivatives', window );">Gains (losses) deferred in AOCI on derivatives</a></td>
<td class="nump">20<span></span>
</td>
<td class="nump">39<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainsLossesReclassifiedFromAccumulatedOtherComprehensiveIncomeIntoInvestmentIncome', window );">Gains (losses) reclassified from AOCI into investment income</a></td>
<td class="nump">29<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IneffectivenessRecognizedInInvestmentIncome', window );">Ineffectiveness recognized in investment income</a></td>
<td class="nump">CAD 0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfHedgesAxis=ifrs-full_CashFlowHedgesMember', window );">Non-derivative financial instrument [Member] | Forecasted expenses [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainsLossesReclassifiedFromAccumulatedOtherComprehensiveIncomeIntoInvestmentIncome', window );">Gains (losses) reclassified from AOCI into investment income</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IneffectivenessRecognizedInInvestmentIncome', window );">Ineffectiveness recognized in investment income</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfHedgeAccountingLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfHedgeAccountingLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_GainsLossesDeferredInAccumulatedOtherComprehensiveIncomeOnDerivatives">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Gains (losses) deferred in accumulated other comprehensive income on derivatives.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_GainsLossesDeferredInAccumulatedOtherComprehensiveIncomeOnDerivatives</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_GainsLossesReclassifiedFromAccumulatedOtherComprehensiveIncomeIntoInvestmentIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Gains (losses) reclassified from accumulated other comprehensive income into investment income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_GainsLossesReclassifiedFromAccumulatedOtherComprehensiveIncomeIntoInvestmentIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_IneffectivenessRecognizedInInvestmentIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Ineffectiveness recognized in investment income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IneffectivenessRecognizedInInvestmentIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfHedgesAxis=ifrs-full_CashFlowHedgesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfHedgesAxis=ifrs-full_CashFlowHedgesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_InterestRateSwapContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_InterestRateSwapContractMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_HedgedItemsAxis=mfc_ForecastedLiabilitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgedItemsAxis=mfc_ForecastedLiabilitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_CurrencySwapContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_CurrencySwapContractMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_HedgedItemsAxis=mfc_FixedRateAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgedItemsAxis=mfc_FixedRateAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_HedgedItemsAxis=mfc_FloatingRateLiabilitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgedItemsAxis=mfc_FloatingRateLiabilitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_HedgedItemsAxis=mfc_FixedRateLiabilitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgedItemsAxis=mfc_FixedRateLiabilitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_ForwardContractMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_ForwardContractMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_HedgedItemsAxis=mfc_ForecastedExpensesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgedItemsAxis=mfc_ForecastedExpensesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_EquityContractsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=mfc_EquityContractsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_HedgedItemsAxis=mfc_StockBasedCompensationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgedItemsAxis=mfc_StockBasedCompensationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_NonderivativeFinancialInstrumentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=mfc_NonderivativeFinancialInstrumentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>105
<FILENAME>R76.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6892846224">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Derivative and Hedging Instruments - Summary of Effects of Net Investment Hedging Relationships (Detail) - Hedges of net investment in foreign operations [Member] - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainsLossesDeferredInAccumulatedOtherComprehensiveIncomeOnDerivatives', window );">Gains (losses) deferred in AOCI on derivatives</a></td>
<td class="nump">CAD 355<span></span>
</td>
<td class="num">CAD (25)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainsLossesReclassifiedFromAccumulatedOtherComprehensiveIncomeIntoInvestmentIncome', window );">Gains (losses) reclassified from AOCI into investment income</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IneffectivenessRecognizedInInvestmentIncome', window );">Ineffectiveness recognized in investment income</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfHedgesAxis=ifrs-full_HedgesOfNetInvestmentInForeignOperationsMember', window );">Non-functional currency denominated debt [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainsLossesDeferredInAccumulatedOtherComprehensiveIncomeOnDerivatives', window );">Gains (losses) deferred in AOCI on derivatives</a></td>
<td class="nump">355<span></span>
</td>
<td class="num">(25)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GainsLossesReclassifiedFromAccumulatedOtherComprehensiveIncomeIntoInvestmentIncome', window );">Gains (losses) reclassified from AOCI into investment income</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IneffectivenessRecognizedInInvestmentIncome', window );">Ineffectiveness recognized in investment income</a></td>
<td class="nump">CAD 0<span></span>
</td>
<td class="nump">CAD 0<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfHedgeAccountingLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfHedgeAccountingLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_GainsLossesDeferredInAccumulatedOtherComprehensiveIncomeOnDerivatives">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Gains (losses) deferred in accumulated other comprehensive income on derivatives.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_GainsLossesDeferredInAccumulatedOtherComprehensiveIncomeOnDerivatives</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_GainsLossesReclassifiedFromAccumulatedOtherComprehensiveIncomeIntoInvestmentIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Gains (losses) reclassified from accumulated other comprehensive income into investment income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_GainsLossesReclassifiedFromAccumulatedOtherComprehensiveIncomeIntoInvestmentIncome</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_IneffectivenessRecognizedInInvestmentIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Ineffectiveness recognized in investment income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IneffectivenessRecognizedInInvestmentIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfHedgesAxis=ifrs-full_HedgesOfNetInvestmentInForeignOperationsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfHedgesAxis=ifrs-full_HedgesOfNetInvestmentInForeignOperationsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_HedgedItemsAxis=mfc_NonFunctionalCurrencyDenominatedDebtMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgedItemsAxis=mfc_NonFunctionalCurrencyDenominatedDebtMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>106
<FILENAME>R77.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6936936944">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Derivative and Hedging Instruments - Summary of Effects of Derivatives Not Designated in Qualifying Hedge Accounting Relationships (Detail) - Non designated [Member] - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DerivativeInvestmentIncomeLoss', window );">Derivative investment income (loss)</a></td>
<td class="num">CAD (1,024)<span></span>
</td>
<td class="num">CAD (2,574)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_InterestRateSwapContractMember', window );">Interest rate swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DerivativeInvestmentIncomeLoss', window );">Derivative investment income (loss)</a></td>
<td class="num">(927)<span></span>
</td>
<td class="num">(141)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_InterestRateFuturesMember', window );">Interest rate futures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DerivativeInvestmentIncomeLoss', window );">Derivative investment income (loss)</a></td>
<td class="nump">372<span></span>
</td>
<td class="num">(26)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_InterestRateOptionsMember', window );">Interest rate options [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DerivativeInvestmentIncomeLoss', window );">Derivative investment income (loss)</a></td>
<td class="num">(96)<span></span>
</td>
<td class="num">(11)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_CurrencySwapContractMember', window );">Foreign currency swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DerivativeInvestmentIncomeLoss', window );">Derivative investment income (loss)</a></td>
<td class="nump">529<span></span>
</td>
<td class="num">(14)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_CurrencyRateFuturesMember', window );">Currency rate futures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DerivativeInvestmentIncomeLoss', window );">Derivative investment income (loss)</a></td>
<td class="num">(92)<span></span>
</td>
<td class="nump">263<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_ForwardContractMember', window );">Forward contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DerivativeInvestmentIncomeLoss', window );">Derivative investment income (loss)</a></td>
<td class="nump">1,231<span></span>
</td>
<td class="num">(88)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_EquityFuturesMember', window );">Equity futures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DerivativeInvestmentIncomeLoss', window );">Derivative investment income (loss)</a></td>
<td class="num">(2,190)<span></span>
</td>
<td class="num">(2,387)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_EquityContractsMember', window );">Equity contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DerivativeInvestmentIncomeLoss', window );">Derivative investment income (loss)</a></td>
<td class="nump">153<span></span>
</td>
<td class="num">(171)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_CreditDefaultSwapsMember', window );">Credit default swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfHedgeAccountingLineItems', window );"><strong>Disclosure of detailed information about hedges [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DerivativeInvestmentIncomeLoss', window );">Derivative investment income (loss)</a></td>
<td class="num">CAD (4)<span></span>
</td>
<td class="nump">CAD 1<span></span>
</td>
</tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Derivative investment income loss.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6889316736">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Taxes - Components of Income Tax Expense (Recovery) Recognized in Consolidated Statements of Income (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTaxExpenseIncome', window );">Current year</a></td>
<td class="nump">CAD 608<span></span>
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<td class="nump">CAD 659<span></span>
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<td class="num">(38)<span></span>
</td>
<td class="num">(228)<span></span>
</td>
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<tr class="rou">
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<td class="nump">570<span></span>
</td>
<td class="nump">431<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncomeAbstract', window );"><strong>Deferred tax</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences', window );">Change related to temporary differences</a></td>
<td class="num">(803)<span></span>
</td>
<td class="num">(235)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes', window );">Impact of U.S. Tax Reform</a></td>
<td class="nump">472<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Income tax expense</a></td>
<td class="nump">CAD 239<span></span>
</td>
<td class="nump">CAD 196<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments of tax expense (income) recognised in the period for current tax of prior periods.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 80<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_80_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod</td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTaxExpenseIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income taxes payable (recoverable) in respect of the taxable profit (tax loss) for a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 80<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_80_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTaxExpenseIncome</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current tax expense (income) and adjustments for the current tax of prior periods. [Refer: Current tax expense (income); Adjustments for current tax of prior periods]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 80<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_80&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriodsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxExpenseIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxExpenseIncomeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of deferred tax expense or income relating to the creation or reversal of temporary differences. [Refer: Temporary differences [member]; Deferred tax expense (income)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 80<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_80_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxExpenseIncomeRelatingToOriginationAndReversalOfTemporaryDifferences</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of deferred tax expense or income relating to tax rate changes or the imposition of new taxes. [Refer: Deferred tax expense (income)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 80<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_80_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxExpenseContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax that relate to continuing operations. [Refer: Continuing operations [member]; Current tax expense (income); Deferred tax expense (income)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause viii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=26&amp;date=2017-03-01&amp;anchor=para_35_b_viii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -Subparagraph h<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23_h&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 79<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_79&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 82<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_82_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_c_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B13<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B13_g&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxExpenseContinuingOperations</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6887873840">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Taxes - Components of Income Tax Expense (Recovery) Recognized in Other Comprehensive Income ("OCI") (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract', window );"><strong>Major components of tax expense (income) [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CurrentTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome', window );">Current income tax expense (recovery)</a></td>
<td class="nump">CAD 116<span></span>
</td>
<td class="num">CAD (72)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DeferredTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome', window );">Deferred income tax expense (recovery)</a></td>
<td class="nump">320<span></span>
</td>
<td class="num">(25)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome', window );">Total income tax expense (recovery)</a></td>
<td class="nump">CAD 436<span></span>
</td>
<td class="num">CAD (97)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income tax relating to amounts recognised in other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph ab<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_ab&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 90<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_90&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_CurrentTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Current tax relating to items credited charged directly to other comprehensive income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_CurrentTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Deferred tax relating to items credited charged directly to other comprehensive income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DeferredTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome</td>
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<td><strong> Period Type:</strong></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6887807072">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Taxes - Components of Income Tax Expense (Recovery) Recognized in Equity (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
</td>
<td class="num">CAD (2)<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity', window );">Deferred income tax expense (recovery)</a></td>
<td class="num">CAD (2)<span></span>
</td>
<td class="num">(2)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentAndDeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity', window );">Income tax expense (recovery)</a></td>
<td class="num">CAD (2)<span></span>
</td>
<td class="num">CAD (4)<span></span>
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<div style="display: none;">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate current and deferred tax relating to particular items that are charged or credited directly to equity, for example: (a) an adjustment to the opening balance of retained earnings resulting from either a change in accounting policy that is applied retrospectively or the correction of an error; and (b) amounts arising on initial recognition of the equity component of a compound financial instrument. [Refer: Deferred tax relating to items credited (charged) directly to equity; Retained earnings; Financial instruments, class [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentAndDeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of current tax relating to particular items that are charged or credited directly to equity, for example: (a) an adjustment to the opening balance of retained earnings resulting from either a change in accounting policy that is applied retrospectively or the correction of an error; and (b) amounts arising on initial recognition of the equity component of a compound financial instrument. [Refer: Retained earnings; Financial instruments, class [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTaxRelatingToItemsChargedOrCreditedDirectlyToEquity</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of deferred tax related to items credited (charged) directly to equity. [Refer: Deferred tax expense (income)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract</td>
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<TYPE>XML
<SEQUENCE>110
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<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6889094656">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Taxes - Additional Information (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 22, 2017</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract', window );"><strong>Major components of tax expense (income) [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AverageEffectiveTaxRate', window );">Effective income tax rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">26.75%<span></span>
</td>
<td class="nump">26.75%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProvisionalChargeForEstimatedImpactOfTaxReformAfterTax', window );">Provisional charge for the estimated impact of U.S. Tax Reform, after-tax</a></td>
<td class="nump">CAD 1,800<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
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<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 778<span></span>
</td>
<td class="nump">CAD 446<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentTaxLiabilitiesCurrent', window );">Current tax payable</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">178<span></span>
</td>
<td class="nump">387<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxAssets', window );">Deferred tax assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,569<span></span>
</td>
<td class="nump">4,439<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TaxBenefitArisingFromPreviouslyUnrecognisedTaxLossTaxCreditOrTemporaryDifferenceOfPriorPeriodUsedToReduceDeferredTaxExpense', window );">Deferred tax assets - recognition dependent on future taxable profits</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,527<span></span>
</td>
<td class="nump">4,403<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OperatingLossCarryforwards1', window );">Operating tax loss carry forward</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,164<span></span>
</td>
<td class="nump">3,556<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OperatingLossCarryforwardsWithExpiration', window );">Operating tax loss carry forward expired in future</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,109<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OperatingLossCarryforwardsWithoutExpiration', window );">Operating tax loss carry forward without expiration date</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">159<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CapitalTaxLossCarryforwards', window );">Capital tax loss carry forward</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8<span></span>
</td>
<td class="nump">9<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_UnusedTaxCreditsForWhichDeferredTaxAssetRecognised', window );">Tax benefit on loss carry forwards for which deferred tax asset recognized</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">596<span></span>
</td>
<td class="nump">942<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised', window );">Tax benefit of loss carry forwards for which no deferred tax asset recognized</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">171<span></span>
</td>
<td class="nump">139<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TaxCreditCarryForwardsExpiredInFuture', window );">Tax credit carry forwards which expire in future</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">606<span></span>
</td>
<td class="nump">1,039<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UnusedTaxCreditsForWhichNoDeferredTaxAssetRecognised', window );">Tax credit carryforwards of which benefit not recognized</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 152<span></span>
</td>
<td class="nump">164<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TaxCreditLossCarryForwardExpiration', window );">Tax credit/Loss carryforwards expiration period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">Between the years 2020 and 2037<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilities', window );">Deferred tax liability</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 1,281<span></span>
</td>
<td class="nump">1,359<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TemporaryDifferencesAssociatedWithInvestmentsInSubsidiariesBranchesAndAssociatesAndInterestsInJointVentures', window );">Aggregate amount of taxable temporary differences associated with the Company's own investments in subsidiaries, not included in financial statements</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 11,780<span></span>
</td>
<td class="nump">CAD 13,102<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AverageEffectiveTaxRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The tax expense (income) divided by the accounting profit. [Refer: Accounting profit]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_c_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AverageEffectiveTaxRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTaxAssetsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current amount of current tax assets. [Refer: Current tax assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph n<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_n&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTaxAssetsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentTaxLiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current amount of current tax liabilities. [Refer: Current tax liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph n<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_n&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentTaxLiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amounts of income taxes recoverable in future periods in respect of: (a) deductible temporary differences; (b) the carryforward of unused tax losses; and (c) the carryforward of unused tax credits. [Refer: Temporary differences [member]; Unused tax credits [member]; Unused tax losses [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph g<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_g_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph o<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_o&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 56<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_56&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amounts of income taxes payable in future periods in respect of taxable temporary differences. [Refer: Temporary differences [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph g<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_g_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph o<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_o&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 56<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_56&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TaxBenefitArisingFromPreviouslyUnrecognisedTaxLossTaxCreditOrTemporaryDifferenceOfPriorPeriodUsedToReduceDeferredTaxExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of benefit arising from a previously unrecognised tax loss, tax credit or temporary difference of a prior period that is used to reduce deferred tax expense. [Refer: Deferred tax expense (income); Temporary differences [member]; Unused tax losses [member]; Unused tax credits [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 80<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_80_f&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TaxBenefitArisingFromPreviouslyUnrecognisedTaxLossTaxCreditOrTemporaryDifferenceOfPriorPeriodUsedToReduceDeferredTaxExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TemporaryDifferencesAssociatedWithInvestmentsInSubsidiariesBranchesAndAssociatesAndInterestsInJointVentures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount of temporary differences associated with investments in subsidiaries, branches and associates and interests in joint arrangements, for which deferred tax liabilities have not been recognised as a result of satisfying both of the following conditions: (a) the parent, investor, joint venturer or joint operator is able to control the timing of the reversal of the temporary difference; and (b) it is probable that the temporary difference will not reverse in the foreseeable future. [Refer: Associates [member]; Subsidiaries [member]; Temporary differences [member]; Investments in subsidiaries]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_f&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TemporaryDifferencesAssociatedWithInvestmentsInSubsidiariesBranchesAndAssociatesAndInterestsInJointVentures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UnusedTaxCreditsForWhichNoDeferredTaxAssetRecognised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of unused tax credits for which no deferred tax asset is recognised in the statement of financial position. [Refer: Unused tax credits [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UnusedTaxCreditsForWhichNoDeferredTaxAssetRecognised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of unused tax losses for which no deferred tax asset is recognised in the statement of financial position. [Refer: Unused tax losses [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_CapitalTaxLossCarryforwards">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Capital tax loss carryforwards.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_CapitalTaxLossCarryforwards</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_OperatingLossCarryforwards1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Operating loss carryforwards.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_OperatingLossCarryforwards1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_OperatingLossCarryforwardsWithExpiration">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Operating loss carryforwards with expiration.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_OperatingLossCarryforwardsWithExpiration</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_OperatingLossCarryforwardsWithoutExpiration">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Operating loss carryforwards with no expiration.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_OperatingLossCarryforwardsWithoutExpiration</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ProvisionalChargeForEstimatedImpactOfTaxReformAfterTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Provisional charge for estimated impact of tax reform after tax.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ProvisionalChargeForEstimatedImpactOfTaxReformAfterTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_TaxCreditCarryForwardsExpiredInFuture">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tax credit carry forwards expired in future.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_TaxCreditCarryForwardsExpiredInFuture</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_TaxCreditLossCarryForwardExpiration">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tax credit loss carry forward expiration.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_TaxCreditLossCarryForwardExpiration</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_UnusedTaxCreditsForWhichDeferredTaxAssetRecognised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Unused tax credits for which deferred tax asset recognised.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_UnusedTaxCreditsForWhichDeferredTaxAssetRecognised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6934954272">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Taxes - Summary of Reconciliation of Income Tax Expense (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesAbstract', window );"><strong>Reconciliation of accounting profit multiplied by applicable tax rates [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income before income taxes</a></td>
<td class="nump">CAD 2,501<span></span>
</td>
<td class="nump">CAD 3,329<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate', window );">Income tax expense at Canadian statutory tax rate</a></td>
<td class="nump">669<span></span>
</td>
<td class="nump">890<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInIncomeTaxesAbstract', window );"><strong>Increase (decrease) in income taxes due to:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TaxEffectOfRevenuesExemptFromTaxation2011', window );">Tax-exempt investment income</a></td>
<td class="num">(242)<span></span>
</td>
<td class="num">(229)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TaxEffectOfForeignTaxRates', window );">Differences in tax rate on income not subject to tax in Canada</a></td>
<td class="num">(551)<span></span>
</td>
<td class="num">(366)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TaxEffectOfRecoveryOfUnrecognizedTaxLossesOfPriorYears', window );">Recovery of unrecognized tax losses of prior years</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(10)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncomeTaxReconciliationAdjustmentsInRespectOfPriorYears', window );">Adjustments to taxes related to prior years</a></td>
<td class="num">(182)<span></span>
</td>
<td class="num">(206)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TaxEffectOfTaxLosses', window );">Tax losses and temporary differences not recognized as deferred taxes</a></td>
<td class="nump">14<span></span>
</td>
<td class="nump">22<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TaxEffectFromChangeInTaxRate', window );">Impact of U.S. Tax Reform</a></td>
<td class="nump">472<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome', window );">Other differences</a></td>
<td class="nump">59<span></span>
</td>
<td class="nump">95<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Income tax expense</a></td>
<td class="nump">CAD 239<span></span>
</td>
<td class="nump">CAD 196<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxExpenseContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax that relate to continuing operations. [Refer: Continuing operations [member]; Current tax expense (income); Deferred tax expense (income)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause viii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=26&amp;date=2017-03-01&amp;anchor=para_35_b_viii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -Subparagraph h<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23_h&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 79<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_79&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 82<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_82_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_c_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B13<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B13_g&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxExpenseContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that the entity does not separately disclose in the same statement or note. [Refer: Accounting profit; Applicable tax rate]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing operations before tax expense or income. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TaxEffectFromChangeInTaxRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to changes in the tax rate. [Refer: Accounting profit]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TaxEffectFromChangeInTaxRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TaxEffectOfForeignTaxRates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to foreign tax rates. [Refer: Accounting profit]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TaxEffectOfForeignTaxRates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TaxEffectOfRevenuesExemptFromTaxation2011">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to revenues that are exempt from taxation. [Refer: Accounting profit]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TaxEffectOfRevenuesExemptFromTaxation2011</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TaxEffectOfTaxLosses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to tax losses. [Refer: Accounting profit]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TaxEffectOfTaxLosses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TaxExpenseIncomeAtApplicableTaxRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The product of the accounting profit multiplied by the applicable tax rate(s). [Refer: Accounting profit; Applicable tax rate]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TaxExpenseIncomeAtApplicableTaxRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_IncomeTaxReconciliationAdjustmentsInRespectOfPriorYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Income tax reconciliation adjustments in respect of prior years.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncomeTaxReconciliationAdjustmentsInRespectOfPriorYears</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_IncreaseDecreaseInIncomeTaxesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase decrease in income taxes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncreaseDecreaseInIncomeTaxesAbstract</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_TaxEffectOfRecoveryOfUnrecognizedTaxLossesOfPriorYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tax effect of recovery of unrecognized tax losses of prior years.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_TaxEffectOfRecoveryOfUnrecognizedTaxLossesOfPriorYears</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6888130000">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Income Taxes - Summary of Deferred Tax Assets and Liabilities (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract', window );"><strong>Deferred tax assets and liabilities [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxAssets', window );">Deferred tax assets</a></td>
<td class="nump">CAD 4,569<span></span>
</td>
<td class="nump">CAD 4,439<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilities', window );">Deferred tax liabilities</a></td>
<td class="num">(1,281)<span></span>
</td>
<td class="num">(1,359)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">Net deferred tax assets</a></td>
<td class="nump">CAD 3,288<span></span>
</td>
<td class="nump">CAD 3,080<span></span>
</td>
<td class="nump">CAD 2,832<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amounts of income taxes recoverable in future periods in respect of: (a) deductible temporary differences; (b) the carryforward of unused tax losses; and (c) the carryforward of unused tax credits. [Refer: Temporary differences [member]; Unused tax credits [member]; Unused tax losses [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph g<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_g_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph o<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_o&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 56<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_56&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxAssets</td>
</tr>
<tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amounts of income taxes payable in future periods in respect of taxable temporary differences. [Refer: Temporary differences [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph g<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_g_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph o<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_o&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 56<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_56&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of deferred tax liabilities or assets. [Refer: Deferred tax liabilities; Deferred tax assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph g<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_g_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6934883920">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Taxes - Significant Components of Deferred Tax Assets and Liabilities (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ReconciliationOfChangesInDeferredTaxLiabilityAssetLineItems', window );"><strong>Reconciliation of changes in deferred tax liability (asset) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">Beginning balance</a></td>
<td class="nump">CAD 3,080<span></span>
</td>
<td class="nump">CAD 2,832<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss', window );">Recognized in Income Statement</a></td>
<td class="nump">331<span></span>
</td>
<td class="nump">235<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DeferredTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome', window );">Recognized in Other Comprehensive Income</a></td>
<td class="num">(320)<span></span>
</td>
<td class="nump">25<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity', window );">Recognized in Equity</a></td>
<td class="nump">2<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset', window );">Translation and Other</a></td>
<td class="nump">195<span></span>
</td>
<td class="num">(14)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">Ending balance</a></td>
<td class="nump">3,288<span></span>
</td>
<td class="nump">3,080<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis=ifrs-full_UnusedTaxLossesMember', window );">Loss carry forwards [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ReconciliationOfChangesInDeferredTaxLiabilityAssetLineItems', window );"><strong>Reconciliation of changes in deferred tax liability (asset) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">Beginning balance</a></td>
<td class="nump">942<span></span>
</td>
<td class="nump">1,493<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss', window );">Recognized in Income Statement</a></td>
<td class="num">(311)<span></span>
</td>
<td class="num">(515)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity', window );">Recognized in Equity</a></td>
<td class="nump">3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset', window );">Translation and Other</a></td>
<td class="num">(38)<span></span>
</td>
<td class="num">(36)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">Ending balance</a></td>
<td class="nump">596<span></span>
</td>
<td class="nump">942<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis=mfc_ActuarialLiabilitiesMember', window );">Actuarial liabilities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ReconciliationOfChangesInDeferredTaxLiabilityAssetLineItems', window );"><strong>Reconciliation of changes in deferred tax liability (asset) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">Beginning balance</a></td>
<td class="nump">9,366<span></span>
</td>
<td class="nump">9,448<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss', window );">Recognized in Income Statement</a></td>
<td class="num">(1,053)<span></span>
</td>
<td class="nump">244<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DeferredTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome', window );">Recognized in Other Comprehensive Income</a></td>
<td class="num">(17)<span></span>
</td>
<td class="num">(5)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity', window );">Recognized in Equity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(116)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset', window );">Translation and Other</a></td>
<td class="num">(418)<span></span>
</td>
<td class="num">(205)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">Ending balance</a></td>
<td class="nump">7,878<span></span>
</td>
<td class="nump">9,366<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis=mfc_PensionsAndPostemploymentBenefitsMember', window );">Pensions and post-employment benefits [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ReconciliationOfChangesInDeferredTaxLiabilityAssetLineItems', window );"><strong>Reconciliation of changes in deferred tax liability (asset) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">Beginning balance</a></td>
<td class="nump">352<span></span>
</td>
<td class="nump">329<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss', window );">Recognized in Income Statement</a></td>
<td class="num">(87)<span></span>
</td>
<td class="nump">100<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DeferredTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome', window );">Recognized in Other Comprehensive Income</a></td>
<td class="num">(54)<span></span>
</td>
<td class="num">(79)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset', window );">Translation and Other</a></td>
<td class="num">(3)<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">Ending balance</a></td>
<td class="nump">208<span></span>
</td>
<td class="nump">352<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis=ifrs-full_UnusedTaxCreditsMember', window );">Tax credits [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ReconciliationOfChangesInDeferredTaxLiabilityAssetLineItems', window );"><strong>Reconciliation of changes in deferred tax liability (asset) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">Beginning balance</a></td>
<td class="nump">875<span></span>
</td>
<td class="nump">750<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss', window );">Recognized in Income Statement</a></td>
<td class="num">(369)<span></span>
</td>
<td class="nump">147<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset', window );">Translation and Other</a></td>
<td class="num">(52)<span></span>
</td>
<td class="num">(22)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">Ending balance</a></td>
<td class="nump">454<span></span>
</td>
<td class="nump">875<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis=mfc_AccruedInterestMember', window );">Accrued interest [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ReconciliationOfChangesInDeferredTaxLiabilityAssetLineItems', window );"><strong>Reconciliation of changes in deferred tax liability (asset) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">Beginning balance</a></td>
<td class="nump">17<span></span>
</td>
<td class="nump">121<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss', window );">Recognized in Income Statement</a></td>
<td class="num">(12)<span></span>
</td>
<td class="num">(100)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity', window );">Recognized in Equity</a></td>
<td class="num">(3)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset', window );">Translation and Other</a></td>
<td class="num">(1)<span></span>
</td>
<td class="num">(4)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">Ending balance</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">17<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis=mfc_RealEstate1Member', window );">Real estate [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ReconciliationOfChangesInDeferredTaxLiabilityAssetLineItems', window );"><strong>Reconciliation of changes in deferred tax liability (asset) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">Beginning balance</a></td>
<td class="num">(1,396)<span></span>
</td>
<td class="num">(1,812)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss', window );">Recognized in Income Statement</a></td>
<td class="nump">284<span></span>
</td>
<td class="nump">373<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DeferredTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome', window );">Recognized in Other Comprehensive Income</a></td>
<td class="num">(9)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset', window );">Translation and Other</a></td>
<td class="nump">59<span></span>
</td>
<td class="nump">43<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">Ending balance</a></td>
<td class="num">(1,062)<span></span>
</td>
<td class="num">(1,396)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis=mfc_SecuritiesAndOtherInvestmentsMember', window );">Securities and other investments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ReconciliationOfChangesInDeferredTaxLiabilityAssetLineItems', window );"><strong>Reconciliation of changes in deferred tax liability (asset) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">Beginning balance</a></td>
<td class="num">(6,064)<span></span>
</td>
<td class="num">(6,218)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss', window );">Recognized in Income Statement</a></td>
<td class="nump">2,172<span></span>
</td>
<td class="num">(243)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DeferredTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome', window );">Recognized in Other Comprehensive Income</a></td>
<td class="num">(239)<span></span>
</td>
<td class="nump">113<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity', window );">Recognized in Equity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">112<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset', window );">Translation and Other</a></td>
<td class="nump">324<span></span>
</td>
<td class="nump">172<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">Ending balance</a></td>
<td class="num">(3,807)<span></span>
</td>
<td class="num">(6,064)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis=mfc_SaleOfInvestmentsMember', window );">Sale of investments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ReconciliationOfChangesInDeferredTaxLiabilityAssetLineItems', window );"><strong>Reconciliation of changes in deferred tax liability (asset) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">Beginning balance</a></td>
<td class="num">(163)<span></span>
</td>
<td class="num">(200)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss', window );">Recognized in Income Statement</a></td>
<td class="nump">58<span></span>
</td>
<td class="nump">37<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">Ending balance</a></td>
<td class="num">(105)<span></span>
</td>
<td class="num">(163)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis=mfc_GoodwillAndIntangibleAssetsMember', window );">Goodwill and intangible assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ReconciliationOfChangesInDeferredTaxLiabilityAssetLineItems', window );"><strong>Reconciliation of changes in deferred tax liability (asset) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">Beginning balance</a></td>
<td class="num">(1,059)<span></span>
</td>
<td class="num">(1,138)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss', window );">Recognized in Income Statement</a></td>
<td class="nump">197<span></span>
</td>
<td class="nump">58<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset', window );">Translation and Other</a></td>
<td class="nump">37<span></span>
</td>
<td class="nump">21<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">Ending balance</a></td>
<td class="num">(825)<span></span>
</td>
<td class="num">(1,059)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis=mfc_OtherAssetsAndLiabilitiesMember', window );">Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ReconciliationOfChangesInDeferredTaxLiabilityAssetLineItems', window );"><strong>Reconciliation of changes in deferred tax liability (asset) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">Beginning balance</a></td>
<td class="nump">210<span></span>
</td>
<td class="nump">59<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss', window );">Recognized in Income Statement</a></td>
<td class="num">(548)<span></span>
</td>
<td class="nump">134<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DeferredTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome', window );">Recognized in Other Comprehensive Income</a></td>
<td class="num">(1)<span></span>
</td>
<td class="num">(4)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity', window );">Recognized in Equity</a></td>
<td class="nump">2<span></span>
</td>
<td class="nump">6<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset', window );">Translation and Other</a></td>
<td class="nump">287<span></span>
</td>
<td class="nump">15<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxLiabilityAsset', window );">Ending balance</a></td>
<td class="num">CAD (50)<span></span>
</td>
<td class="nump">CAD 210<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of tax expense or income relating to changes in deferred tax liabilities and deferred tax assets, recognised in profit or loss. [Refer: Deferred tax assets; Deferred tax expense (income); Deferred tax liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph g<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_g_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of deferred tax liabilities or assets. [Refer: Deferred tax liabilities; Deferred tax assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph g<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_g_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of deferred tax related to items credited (charged) directly to equity. [Refer: Deferred tax expense (income)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in deferred tax liability (asset) resulting from the net exchange differences arising when the financial statements are translated from the functional currency into a different presentation currency, including the translation of a foreign operation into the presentation currency of the reporting entity. [Refer: Deferred tax liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DeferredTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Deferred tax relating to items credited charged directly to other comprehensive income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DeferredTaxRelatingToItemsCreditedChargedDirectlyToOtherComprehensiveIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ReconciliationOfChangesInDeferredTaxLiabilityAssetLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reconciliation of changes in deferred tax liability (asset) [Line Items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ReconciliationOfChangesInDeferredTaxLiabilityAssetLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis=ifrs-full_UnusedTaxLossesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
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<td><strong> Name:</strong></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6891940208">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Goodwill and Intangible Assets - Summary of Carrying Amounts of Goodwill and Intangible Assets (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="nump">CAD 5,884<span></span>
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<td class="nump">CAD 5,685<span></span>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Total intangible assets Beginning balance</a></td>
<td class="nump">4,223<span></span>
</td>
<td class="nump">3,699<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionalRecognitionGoodwill', window );">Goodwill Additions/ disposals</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">256<span></span>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdditionsDispositionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill', window );">Total intangible assets Additions/ Disposals</a></td>
<td class="nump">306<span></span>
</td>
<td class="nump">840<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesGoodwill', window );">Effect of changes in foreign exchange rates</a></td>
<td class="num">(171)<span></span>
</td>
<td class="num">(57)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill Ending balance</a></td>
<td class="nump">5,713<span></span>
</td>
<td class="nump">5,884<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Total goodwill and intangible assets Beginning balance</a></td>
<td class="nump">10,107<span></span>
</td>
<td class="nump">9,384<span></span>
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</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill', window );">Total goodwill and intangible assets Additions/ Disposals</a></td>
<td class="nump">306<span></span>
</td>
<td class="nump">1,096<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmortisationExpense', window );">Amortization expense</a></td>
<td class="nump">229<span></span>
</td>
<td class="nump">234<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill', window );">Effect of changes in foreign exchange rates</a></td>
<td class="num">(344)<span></span>
</td>
<td class="num">(139)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill', window );">Effect of changes in foreign exchange rates - Total intangible assets</a></td>
<td class="num">(173)<span></span>
</td>
<td class="num">(82)<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsAndGoodwill', window );">Total goodwill and intangible assets Ending balance</a></td>
<td class="nump">9,840<span></span>
</td>
<td class="nump">10,107<span></span>
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</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Total intangible assets Ending balance</a></td>
<td class="nump">4,127<span></span>
</td>
<td class="nump">4,223<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsMaterialToEntityAxis=mfc_DistributionNetworksMember', window );">Distribution networks [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Total intangible assets Beginning balance</a></td>
<td class="nump">1,093<span></span>
</td>
<td class="nump">726<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdditionsDispositionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill', window );">Total intangible assets Additions/ Disposals</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">450<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmortisationExpense', window );">Amortization expense</a></td>
<td class="nump">47<span></span>
</td>
<td class="nump">50<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill', window );">Effect of changes in foreign exchange rates - Total intangible assets</a></td>
<td class="num">(57)<span></span>
</td>
<td class="num">(33)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Total intangible assets Ending balance</a></td>
<td class="nump">989<span></span>
</td>
<td class="nump">1,093<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsMaterialToEntityAxis=ifrs-full_CustomerrelatedIntangibleAssetsMember', window );">Customer relationships [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Total intangible assets Beginning balance</a></td>
<td class="nump">969<span></span>
</td>
<td class="nump">947<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdditionsDispositionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill', window );">Total intangible assets Additions/ Disposals</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">79<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmortisationExpense', window );">Amortization expense</a></td>
<td class="nump">56<span></span>
</td>
<td class="nump">53<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill', window );">Effect of changes in foreign exchange rates - Total intangible assets</a></td>
<td class="num">(14)<span></span>
</td>
<td class="num">(4)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Total intangible assets Ending balance</a></td>
<td class="nump">899<span></span>
</td>
<td class="nump">969<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsMaterialToEntityAxis=ifrs-full_ComputerSoftwareMember', window );">Software [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Total intangible assets Beginning balance</a></td>
<td class="nump">494<span></span>
</td>
<td class="nump">396<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdditionsDispositionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill', window );">Total intangible assets Additions/ Disposals</a></td>
<td class="nump">306<span></span>
</td>
<td class="nump">229<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmortisationExpense', window );">Amortization expense</a></td>
<td class="nump">121<span></span>
</td>
<td class="nump">126<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill', window );">Effect of changes in foreign exchange rates - Total intangible assets</a></td>
<td class="num">(18)<span></span>
</td>
<td class="num">(5)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Total intangible assets Ending balance</a></td>
<td class="nump">661<span></span>
</td>
<td class="nump">494<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsMaterialToEntityAxis=ifrs-full_OtherIntangibleAssetsMember', window );">Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Total intangible assets Beginning balance</a></td>
<td class="nump">77<span></span>
</td>
<td class="nump">76<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdditionsDispositionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill', window );">Total intangible assets Additions/ Disposals</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmortisationExpense', window );">Amortization expense</a></td>
<td class="nump">5<span></span>
</td>
<td class="nump">5<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill', window );">Effect of changes in foreign exchange rates - Total intangible assets</a></td>
<td class="num">(2)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Total intangible assets Ending balance</a></td>
<td class="nump">70<span></span>
</td>
<td class="nump">77<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsMaterialToEntityAxis=mfc_IntangibleAssetsWithFiniteUsefulLifeMember', window );">Finite life intangible assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Total intangible assets Beginning balance</a></td>
<td class="nump">2,633<span></span>
</td>
<td class="nump">2,145<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdditionsDispositionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill', window );">Total intangible assets Additions/ Disposals</a></td>
<td class="nump">306<span></span>
</td>
<td class="nump">764<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmortisationExpense', window );">Amortization expense</a></td>
<td class="nump">229<span></span>
</td>
<td class="nump">234<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill', window );">Effect of changes in foreign exchange rates - Total intangible assets</a></td>
<td class="num">(91)<span></span>
</td>
<td class="num">(42)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Total intangible assets Ending balance</a></td>
<td class="nump">2,619<span></span>
</td>
<td class="nump">2,633<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsWithIndefiniteUsefulLifeAxis=ifrs-full_BrandNamesMember', window );">Brand [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Total intangible assets Beginning balance</a></td>
<td class="nump">805<span></span>
</td>
<td class="nump">831<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill', window );">Effect of changes in foreign exchange rates - Total intangible assets</a></td>
<td class="num">(52)<span></span>
</td>
<td class="num">(26)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Total intangible assets Ending balance</a></td>
<td class="nump">753<span></span>
</td>
<td class="nump">805<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsWithIndefiniteUsefulLifeAxis=mfc_FundManagementContractsAndOtherMember', window );">Fund management contracts and other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Total intangible assets Beginning balance</a></td>
<td class="nump">785<span></span>
</td>
<td class="nump">723<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdditionsDispositionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill', window );">Total intangible assets Additions/ Disposals</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">76<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill', window );">Effect of changes in foreign exchange rates - Total intangible assets</a></td>
<td class="num">(30)<span></span>
</td>
<td class="num">(14)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Total intangible assets Ending balance</a></td>
<td class="nump">755<span></span>
</td>
<td class="nump">785<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsWithIndefiniteUsefulLifeAxis=mfc_IntangibleAssetsWithInfiniteUsefulLifeMember', window );">Indefinite life intangible assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Total intangible assets Beginning balance</a></td>
<td class="nump">1,590<span></span>
</td>
<td class="nump">1,554<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdditionsDispositionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill', window );">Total intangible assets Additions/ Disposals</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">76<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill', window );">Effect of changes in foreign exchange rates - Total intangible assets</a></td>
<td class="num">(82)<span></span>
</td>
<td class="num">(40)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Total intangible assets Ending balance</a></td>
<td class="nump">CAD 1,508<span></span>
</td>
<td class="nump">CAD 1,590<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase in intangible assets and goodwill resulting from acquisitions through business combinations. [Refer: Business combinations [member]; Intangible assets and goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2017-01-01<br> -Paragraph 118<br> -Subparagraph e<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=38&amp;date=2017-03-01&amp;anchor=para_118_e_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdditionalRecognitionGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of additional goodwill recognised, except goodwill included in a disposal group that, on acquisition, meets the criteria to be classified as held for sale in accordance with IFRS 5. [Refer: Goodwill; Disposal groups classified as held for sale [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B67<br> -Subparagraph d<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B67_d_ii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdditionalRecognitionGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AmortisationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of amortisation expense. Amortisation is the systematic allocation of depreciable amounts of intangible assets over their useful lives.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AmortisationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Goodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognised. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B67<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B67_d&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2017-01-01<br> -Paragraph 134<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=36&amp;date=2017-03-01&amp;anchor=para_134_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2017-01-01<br> -Paragraph 135<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=36&amp;date=2017-03-01&amp;anchor=para_135_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Goodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in goodwill resulting from net exchange differences arising on the translation of the financial statements from the functional currency into a different presentation currency, including the translation of a foreign operation into the presentation currency of the reporting entity. [Refer: Goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B67<br> -Subparagraph d<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B67_d_vi&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in intangible assets and goodwill resulting from the net exchange differences arising when the financial statements are translated from the functional currency into a different presentation currency, including the translation of a foreign operation into the presentation currency of the reporting entity. [Refer: Intangible assets and goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2017-01-01<br> -Paragraph 118<br> -Subparagraph e<br> -Clause vii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=38&amp;date=2017-03-01&amp;anchor=para_118_e_vii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in intangible assets other than goodwill resulting from net exchange differences arising on the translation of the financial statements from the functional currency into a different presentation currency, including the translation of a foreign operation into the presentation currency of the reporting entity. [Refer: Intangible assets other than goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2017-01-01<br> -Paragraph 118<br> -Subparagraph e<br> -Clause vii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=38&amp;date=2017-03-01&amp;anchor=para_118_e_vii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IntangibleAssetsAndGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of intangible assets and goodwill held by the entity. [Refer: Goodwill; Intangible assets other than goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IntangibleAssetsAndGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IntangibleAssetsOtherThanGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of identifiable non-monetary assets without physical substance. This amount does not include goodwill. [Refer: Goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2017-01-01<br> -Paragraph 118<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=38&amp;date=2017-03-01&amp;anchor=para_118_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IntangibleAssetsOtherThanGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_AdditionsDispositionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Additions, dispositions other than through business combinations, intangible assets other than goodwill.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_AdditionsDispositionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IntangibleAssetsMaterialToEntityAxis=mfc_DistributionNetworksMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IntangibleAssetsMaterialToEntityAxis=mfc_DistributionNetworksMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IntangibleAssetsMaterialToEntityAxis=ifrs-full_CustomerrelatedIntangibleAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IntangibleAssetsMaterialToEntityAxis=ifrs-full_CustomerrelatedIntangibleAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IntangibleAssetsMaterialToEntityAxis=ifrs-full_ComputerSoftwareMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IntangibleAssetsMaterialToEntityAxis=ifrs-full_ComputerSoftwareMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IntangibleAssetsMaterialToEntityAxis=ifrs-full_OtherIntangibleAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IntangibleAssetsMaterialToEntityAxis=ifrs-full_OtherIntangibleAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IntangibleAssetsMaterialToEntityAxis=mfc_IntangibleAssetsWithFiniteUsefulLifeMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IntangibleAssetsWithIndefiniteUsefulLifeAxis=ifrs-full_BrandNamesMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IntangibleAssetsWithIndefiniteUsefulLifeAxis=mfc_FundManagementContractsAndOtherMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6934959936">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Goodwill and Intangible Assets - Summary of Carrying Amounts of Goodwill and Intangible Assets (Parenthetical) (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Intangible assets ending balance</a></td>
<td class="nump">CAD 4,127<span></span>
</td>
<td class="nump">CAD 4,223<span></span>
</td>
<td class="nump">CAD 3,699<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionalRecognitionGoodwill', window );">Additions of goodwill</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">256<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdditionsDispositionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill', window );">Additions of intangible assets</a></td>
<td class="nump">306<span></span>
</td>
<td class="nump">840<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=mfc_JohnHancockInvestmentsAndRetirementPlanServicesMember', window );">John Hancock Investments and Retirement Plan Services [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionalRecognitionGoodwill', window );">Additions of goodwill</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsWithIndefiniteUsefulLifeAxis=mfc_FundManagementContractsAndOtherMember', window );">Fund management contracts and other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Intangible assets ending balance</a></td>
<td class="nump">755<span></span>
</td>
<td class="nump">785<span></span>
</td>
<td class="nump">723<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdditionsDispositionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill', window );">Additions of intangible assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">76<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsWithIndefiniteUsefulLifeAxis=mfc_FundManagementContractsAndOtherMember', window );">Fund management contracts and other [Member] | John Hancock Investments and Retirement Plan Services [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Intangible assets ending balance</a></td>
<td class="nump">367<span></span>
</td>
<td class="nump">393<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsWithIndefiniteUsefulLifeAxis=mfc_FundManagementContractsAndOtherMember', window );">Fund management contracts and other [Member] | Canadian Wealth (excluding Manulife Bank of Canada) [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Intangible assets ending balance</a></td>
<td class="nump">273<span></span>
</td>
<td class="nump">273<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsMaterialToEntityAxis=mfc_DistributionNetworksMember', window );">Distribution networks [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Intangible assets ending balance</a></td>
<td class="nump">989<span></span>
</td>
<td class="nump">1,093<span></span>
</td>
<td class="nump">726<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdditionsDispositionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill', window );">Additions of intangible assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">450<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsMaterialToEntityAxis=mfc_DistributionNetworksMember', window );">Distribution networks [Member] | U.S [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill', window );">Impairments of intangible assets</a></td>
<td class="nump">150<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsMaterialToEntityAxis=ifrs-full_CustomerrelatedIntangibleAssetsMember', window );">Customer relationships [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Intangible assets ending balance</a></td>
<td class="nump">899<span></span>
</td>
<td class="nump">969<span></span>
</td>
<td class="nump">947<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdditionsDispositionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill', window );">Additions of intangible assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">79<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsMaterialToEntityAxis=ifrs-full_ComputerSoftwareMember', window );">Software [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Intangible assets ending balance</a></td>
<td class="nump">661<span></span>
</td>
<td class="nump">494<span></span>
</td>
<td class="nump">396<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdditionsDispositionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill', window );">Additions of intangible assets</a></td>
<td class="nump">306<span></span>
</td>
<td class="nump">229<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsMaterialToEntityAxis=ifrs-full_OtherIntangibleAssetsMember', window );">Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsOtherThanGoodwill', window );">Intangible assets ending balance</a></td>
<td class="nump">70<span></span>
</td>
<td class="nump">77<span></span>
</td>
<td class="nump">CAD 76<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdditionsDispositionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill', window );">Additions of intangible assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=mfc_StandardCharteredsMandatoryProvidentFundMember', window );">Standard Chartered's MPF [Member] | Distribution networks [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionalRecognitionGoodwill', window );">Additions of goodwill</a></td>
<td class="nump">194<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdditionsDispositionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill', window );">Additions of intangible assets</a></td>
<td class="nump">193<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=mfc_TransamericasBrokerDealerBusinessMember', window );">Transamerica's broker - dealer business [Member] | Distribution networks [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionalRecognitionGoodwill', window );">Additions of goodwill</a></td>
<td class="nump">59<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdditionsDispositionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill', window );">Additions of intangible assets</a></td>
<td class="nump">26<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=mfc_CreditFacilityWithDbsBankLtdMember', window );">DBS Bank Ltd [Member] | Distribution networks [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TechnologybasedIntangibleAssetsRecognisedAsOfAcquisitionDate', window );">Network intangible recognized</a></td>
<td class="nump">536<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Gross Carrying Value [Member] | Distribution networks [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsMaterialToEntity', window );">Gross carrying amount of finite life intangible assets</a></td>
<td class="nump">1,294<span></span>
</td>
<td class="nump">1,363<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Gross Carrying Value [Member] | Customer relationships [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsMaterialToEntity', window );">Gross carrying amount of finite life intangible assets</a></td>
<td class="nump">1,128<span></span>
</td>
<td class="nump">1,142<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Gross Carrying Value [Member] | Software [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsMaterialToEntity', window );">Gross carrying amount of finite life intangible assets</a></td>
<td class="nump">1,841<span></span>
</td>
<td class="nump">1,581<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Gross Carrying Value [Member] | Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IntangibleAssetsMaterialToEntity', window );">Gross carrying amount of finite life intangible assets</a></td>
<td class="nump">CAD 126<span></span>
</td>
<td class="nump">CAD 133<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdditionalRecognitionGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of additional goodwill recognised, except goodwill included in a disposal group that, on acquisition, meets the criteria to be classified as held for sale in accordance with IFRS 5. [Refer: Goodwill; Disposal groups classified as held for sale [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B67<br> -Subparagraph d<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B67_d_ii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdditionalRecognitionGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of impairment loss recognised in profit or loss for intangible assets other than goodwill. [Refer: Impairment loss recognised in profit or loss; Intangible assets other than goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2017-01-01<br> -Paragraph 118<br> -Subparagraph e<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=38&amp;date=2017-03-01&amp;anchor=para_118_e_iv&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IntangibleAssetsMaterialToEntity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of intangible assets that are material to the entity&#8217;s financial statements. [Refer: Intangible assets other than goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2017-01-01<br> -Paragraph 122<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=38&amp;date=2017-03-01&amp;anchor=para_122_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IntangibleAssetsMaterialToEntity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IntangibleAssetsOtherThanGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of identifiable non-monetary assets without physical substance. This amount does not include goodwill. [Refer: Goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 38<br> -IssueDate 2017-01-01<br> -Paragraph 118<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=38&amp;date=2017-03-01&amp;anchor=para_118_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IntangibleAssetsOtherThanGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TechnologybasedIntangibleAssetsRecognisedAsOfAcquisitionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount recognised as of the acquisition date for technology-based intangible assets acquired in a business combination. [Refer: Technology-based intangible assets [member]; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B64<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B64_i&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TechnologybasedIntangibleAssetsRecognisedAsOfAcquisitionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_AdditionsDispositionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Additions, dispositions other than through business combinations, intangible assets other than goodwill.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_AdditionsDispositionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=mfc_JohnHancockInvestmentsAndRetirementPlanServicesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=mfc_JohnHancockInvestmentsAndRetirementPlanServicesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IntangibleAssetsWithIndefiniteUsefulLifeAxis=mfc_FundManagementContractsAndOtherMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IntangibleAssetsWithIndefiniteUsefulLifeAxis=mfc_FundManagementContractsAndOtherMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=mfc_CanadianWealthMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6937561408">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Goodwill and Intangible Assets - Summary of Impairment Testing of Goodwill (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
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<td class="nump">256<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesGoodwill', window );">Effect of changes in foreign exchange rates</a></td>
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<td class="num">(57)<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=mfc_AsiaExcludingHongKongAndJapanMember', window );">Asia excluding Hong Kong and Japan [Member]</a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in goodwill [Line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill Beginning balance</a></td>
<td class="nump">160<span></span>
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<td class="nump">166<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesGoodwill', window );">Effect of changes in foreign exchange rates</a></td>
<td class="num">(6)<span></span>
</td>
<td class="num">(6)<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill Ending balance</a></td>
<td class="nump">154<span></span>
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<td class="nump">160<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=country_HK', window );">Hong Kong [Member]</a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in goodwill [Line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill Beginning balance</a></td>
<td class="nump">194<span></span>
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<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionalRecognitionGoodwill', window );">Goodwill Additions/ disposals</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">194<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesGoodwill', window );">Effect of changes in foreign exchange rates</a></td>
<td class="num">(14)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill Ending balance</a></td>
<td class="nump">180<span></span>
</td>
<td class="nump">194<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=mfc_JapanInsuranceAndWealthMember', window );">Japan Insurance and Wealth [Member]</a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in goodwill [Line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill Beginning balance</a></td>
<td class="nump">403<span></span>
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<td class="nump">404<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesGoodwill', window );">Effect of changes in foreign exchange rates</a></td>
<td class="num">(12)<span></span>
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<td class="num">(1)<span></span>
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<tr class="re">
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<td class="nump">391<span></span>
</td>
<td class="nump">403<span></span>
</td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=mfc_CanadianIndividualLifeMember', window );">Canadian Individual Life [Member]</a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
</td>
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill Beginning balance</a></td>
<td class="nump">155<span></span>
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<td class="nump">155<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill Ending balance</a></td>
<td class="nump">155<span></span>
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<td class="nump">155<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=mfc_CanadianAffinityMarketsMember', window );">Canadian Affinity Markets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in goodwill [Line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill Beginning balance</a></td>
<td class="nump">83<span></span>
</td>
<td class="nump">83<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill Ending balance</a></td>
<td class="nump">83<span></span>
</td>
<td class="nump">83<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=mfc_CanadianWealthMember', window );">Canadian Wealth (excluding Manulife Bank of Canada) [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in goodwill [Line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill Beginning balance</a></td>
<td class="nump">1,085<span></span>
</td>
<td class="nump">1,085<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill Ending balance</a></td>
<td class="nump">1,085<span></span>
</td>
<td class="nump">1,085<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=mfc_CanadianGroupBenefitsAndGroupRetirementSolutionsMember', window );">Canadian Group Benefits and Group Retirement Solutions [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in goodwill [Line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill Beginning balance</a></td>
<td class="nump">1,773<span></span>
</td>
<td class="nump">1,773<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill Ending balance</a></td>
<td class="nump">1,773<span></span>
</td>
<td class="nump">1,773<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=mfc_InternationalGroupProgramMember', window );">International Group Program [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in goodwill [Line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill Beginning balance</a></td>
<td class="nump">90<span></span>
</td>
<td class="nump">93<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesGoodwill', window );">Effect of changes in foreign exchange rates</a></td>
<td class="num">(6)<span></span>
</td>
<td class="num">(3)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill Ending balance</a></td>
<td class="nump">84<span></span>
</td>
<td class="nump">90<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=mfc_JohnHancockInsuranceMember', window );">John Hancock Insurance [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in goodwill [Line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill Beginning balance</a></td>
<td class="nump">428<span></span>
</td>
<td class="nump">378<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionalRecognitionGoodwill', window );">Goodwill Additions/ disposals</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">59<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesGoodwill', window );">Effect of changes in foreign exchange rates</a></td>
<td class="num">(28)<span></span>
</td>
<td class="num">(9)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill Ending balance</a></td>
<td class="nump">400<span></span>
</td>
<td class="nump">428<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=mfc_JohnHancockInvestmentsAndRetirementPlanServicesMember', window );">John Hancock Investments and Retirement Plan Services [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in goodwill [Line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill Beginning balance</a></td>
<td class="nump">1,220<span></span>
</td>
<td class="nump">1,254<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionalRecognitionGoodwill', window );">Goodwill Additions/ disposals</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesGoodwill', window );">Effect of changes in foreign exchange rates</a></td>
<td class="num">(99)<span></span>
</td>
<td class="num">(37)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill Ending balance</a></td>
<td class="nump">1,121<span></span>
</td>
<td class="nump">1,220<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=mfc_ManulifeAssetManagementAndOtherMember', window );">Manulife Asset Management and Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems', window );"><strong>Disclosure of reconciliation of changes in goodwill [Line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill Beginning balance</a></td>
<td class="nump">293<span></span>
</td>
<td class="nump">294<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesGoodwill', window );">Effect of changes in foreign exchange rates</a></td>
<td class="num">(6)<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Goodwill', window );">Goodwill Ending balance</a></td>
<td class="nump">CAD 287<span></span>
</td>
<td class="nump">CAD 293<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdditionalRecognitionGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of additional goodwill recognised, except goodwill included in a disposal group that, on acquisition, meets the criteria to be classified as held for sale in accordance with IFRS 5. [Refer: Goodwill; Disposal groups classified as held for sale [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B67<br> -Subparagraph d<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B67_d_ii&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdditionalRecognitionGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Goodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognised. [Refer: Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B67<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B67_d&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2017-01-01<br> -Paragraph 134<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=36&amp;date=2017-03-01&amp;anchor=para_134_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2017-01-01<br> -Paragraph 135<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=36&amp;date=2017-03-01&amp;anchor=para_135_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Goodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesGoodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in goodwill resulting from net exchange differences arising on the translation of the financial statements from the functional currency into a different presentation currency, including the translation of a foreign operation into the presentation currency of the reporting entity. [Refer: Goodwill]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 3<br> -IssueDate 2017-01-01<br> -Paragraph B67<br> -Subparagraph d<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=3&amp;date=2017-03-01&amp;anchor=para_B67_d_vi&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesGoodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=mfc_AsiaExcludingHongKongAndJapanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=mfc_AsiaExcludingHongKongAndJapanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=country_HK">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=country_HK</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=mfc_JapanInsuranceAndWealthMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=mfc_JapanInsuranceAndWealthMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<tr>
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<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=mfc_CanadianIndividualLifeMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=mfc_CanadianAffinityMarketsMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=mfc_CanadianGroupBenefitsAndGroupRetirementSolutionsMember</td>
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<tr>
<td><strong> Name:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis=mfc_JohnHancockInsuranceMember</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>117
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<html>
<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6894978976">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Goodwill and Intangible Assets - Additional Information (Detail) - Multiple<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_CA', window );">Canada [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="nump">26.80%<span></span>
</td>
<td class="nump">26.80%<span></span>
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</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_US', window );">U.S [Member]</a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TaxRateAppliedToCashFlowProjections', window );">Tax rate applied to cash flow projections</a></td>
<td class="nump">35.00%<span></span>
</td>
<td class="nump">35.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_JP', window );">Japan [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TaxRateAppliedToCashFlowProjections', window );">Tax rate applied to cash flow projections</a></td>
<td class="nump">28.10%<span></span>
</td>
<td class="nump">28.20%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember', window );">Bottom of range [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PriceToEarningsMultiples', window );">Price-to-earnings multiples</a></td>
<td class="nump">10.6<span></span>
</td>
<td class="nump">10.3<span></span>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections', window );">Growth rate used to extrapolate cash flow projections</a></td>
<td class="num">(5.00%)<span></span>
</td>
<td class="num">(5.00%)<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections', window );">After-tax discount rate applied to cash flow projections</a></td>
<td class="nump">9.00%<span></span>
</td>
<td class="nump">9.00%<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DiscountRateAppliedToCashFlowProjectionsPreTaxBasis', window );">Pre-tax discount rate applied to cash flow projections</a></td>
<td class="nump">11.00%<span></span>
</td>
<td class="nump">11.00%<span></span>
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</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember', window );">Top of range [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfIntangibleAssetsLineItems', window );"><strong>Disclosure of detailed information about intangible assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PriceToEarningsMultiples', window );">Price-to-earnings multiples</a></td>
<td class="nump">14.8<span></span>
</td>
<td class="nump">13.8<span></span>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections', window );">Growth rate used to extrapolate cash flow projections</a></td>
<td class="nump">15.00%<span></span>
</td>
<td class="nump">15.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections', window );">After-tax discount rate applied to cash flow projections</a></td>
<td class="nump">14.00%<span></span>
</td>
<td class="nump">14.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DiscountRateAppliedToCashFlowProjectionsPreTaxBasis', window );">Pre-tax discount rate applied to cash flow projections</a></td>
<td class="nump">15.00%<span></span>
</td>
<td class="nump">15.00%<span></span>
</td>
</tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The discount rate applied to cash flow projections for a cash-generating unit (group of units). [Refer: Cash-generating units [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2017-01-01<br> -Paragraph 134<br> -Subparagraph d<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=36&amp;date=2017-03-01&amp;anchor=para_134_d_v&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2017-01-01<br> -Paragraph 134<br> -Subparagraph e<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=36&amp;date=2017-03-01&amp;anchor=para_134_e_v&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections</td>
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<tr>
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<td>num:percentItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The growth rate used to extrapolate cash flow projections beyond the period covered by the most recent budgets/forecasts for a cash-generating unit (group of units). [Refer: Cash-generating units [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2017-01-01<br> -Paragraph 134<br> -Subparagraph d<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=36&amp;date=2017-03-01&amp;anchor=para_134_d_iv&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 36<br> -IssueDate 2017-01-01<br> -Paragraph 134<br> -Subparagraph e<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=36&amp;date=2017-03-01&amp;anchor=para_134_e_iv&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The pre tax discount rate applied to cash flow projections for a cash-generating unit (group of units).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Price to earnings multiples.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The tax rate applied to cash flow projections for a cash-generating unit (group of units).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6888174992">
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<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Insurance Contract Liabilities and Reinsurance Assets - Summary of Components of Gross and Net Insurance Contract Liabilities (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsAbstract', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GrossInsuranceContractLiabilities', window );">Gross insurance contract liabilities</a></td>
<td class="nump">CAD 291,767<span></span>
</td>
<td class="nump">CAD 284,778<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GrossBenefitsPayableAndProvisionForUnreportedClaims', window );">Gross benefits payable and provision for unreported claims</a></td>
<td class="nump">3,376<span></span>
</td>
<td class="nump">3,309<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GrossPolicyholderAmountsOnDeposit', window );">Gross policyholder amounts on deposit</a></td>
<td class="nump">9,462<span></span>
</td>
<td class="nump">9,418<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Gross insurance contract liabilities</a></td>
<td class="nump">304,605<span></span>
</td>
<td class="nump">297,505<span></span>
</td>
<td class="nump">CAD 285,288<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsUnderReinsuranceCeded', window );">Reinsurance assets</a></td>
<td class="num">(30,359)<span></span>
</td>
<td class="num">(34,952)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInsuranceContractLiabilities', window );">Net insurance contract liabilities</a></td>
<td class="nump">CAD 274,246<span></span>
</td>
<td class="nump">CAD 262,553<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AssetsUnderReinsuranceCeded">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets under reinsurance contracts in which the entity is the policyholder.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph IG20<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_IG20_c&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_37_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AssetsUnderReinsuranceCeded</td>
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<tr>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities under insurance contracts and reinsurance contracts issued. [Refer: Types of insurance contracts [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_37_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_37_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph IG20<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_IG20_a&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph IG37<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_IG37_a&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LiabilitiesArisingFromInsuranceContracts</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of insurance contract liabilities and reinsurance assets abstract.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsAbstract</td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_GrossBenefitsPayableAndProvisionForUnreportedClaims">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of gross benefits payable and provision related to insurance contracts (amounts currently due to and from agents, brokers and policyholders related to insurance contracts).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_GrossBenefitsPayableAndProvisionForUnreportedClaims</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_GrossInsuranceContractLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of gross liabilities under insurance contracts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_GrossInsuranceContractLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_GrossPolicyholderAmountsOnDeposit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of gross policyholder amounts on deposit reported by policyholders as the result of the occurrence of insured events. [Refer: Insurance contracts [Member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_GrossPolicyholderAmountsOnDeposit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NetInsuranceContractLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of insurance contract liabilities net of reinsurance assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NetInsuranceContractLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
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<FILENAME>R90.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
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<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6935835760">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Insurance Contract Liabilities and Reinsurance Assets - Summary of Composition of Insurance Contract Liabilities and Reinsurance Assets by Line of Business and Reporting Segment (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInsuranceContractLiabilities', window );">Net insurance contract liabilities</a></td>
<td class="nump">CAD 274,246<span></span>
</td>
<td class="nump">CAD 262,553<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsUnderReinsuranceCeded', window );">Total reinsurance ceded</a></td>
<td class="num">(30,359)<span></span>
</td>
<td class="num">(34,952)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Total, gross of reinsurance ceded</a></td>
<td class="nump">304,605<span></span>
</td>
<td class="nump">297,505<span></span>
</td>
<td class="nump">CAD 285,288<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_OtherInsuranceContractLiabilitiesMember', window );">Other insurance contract liabilities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Total, gross of reinsurance ceded</a></td>
<td class="nump">11,155<span></span>
</td>
<td class="nump">10,815<span></span>
</td>
<td class="nump">CAD 10,050<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember', window );">Gross insurance contract liabilities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInsuranceContractLiabilities', window );">Net insurance contract liabilities</a></td>
<td class="nump">274,246<span></span>
</td>
<td class="nump">262,553<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsUnderReinsuranceCeded', window );">Total reinsurance ceded</a></td>
<td class="nump">30,359<span></span>
</td>
<td class="nump">34,952<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Total, gross of reinsurance ceded</a></td>
<td class="nump">304,605<span></span>
</td>
<td class="nump">297,505<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember', window );">Gross insurance contract liabilities [Member] | Corporate and other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInsuranceContractLiabilities', window );">Net insurance contract liabilities</a></td>
<td class="num">(46)<span></span>
</td>
<td class="num">(590)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsUnderReinsuranceCeded', window );">Total reinsurance ceded</a></td>
<td class="nump">172<span></span>
</td>
<td class="nump">259<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Total, gross of reinsurance ceded</a></td>
<td class="nump">126<span></span>
</td>
<td class="num">(331)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember', window );">Gross insurance contract liabilities [Member] | Asia [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInsuranceContractLiabilities', window );">Net insurance contract liabilities</a></td>
<td class="nump">62,243<span></span>
</td>
<td class="nump">54,567<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsUnderReinsuranceCeded', window );">Total reinsurance ceded</a></td>
<td class="nump">911<span></span>
</td>
<td class="nump">880<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Total, gross of reinsurance ceded</a></td>
<td class="nump">63,154<span></span>
</td>
<td class="nump">55,447<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember', window );">Gross insurance contract liabilities [Member] | Canada [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInsuranceContractLiabilities', window );">Net insurance contract liabilities</a></td>
<td class="nump">76,198<span></span>
</td>
<td class="nump">73,384<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsUnderReinsuranceCeded', window );">Total reinsurance ceded</a></td>
<td class="num">(676)<span></span>
</td>
<td class="nump">593<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Total, gross of reinsurance ceded</a></td>
<td class="nump">75,522<span></span>
</td>
<td class="nump">73,977<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember', window );">Gross insurance contract liabilities [Member] | U.S [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInsuranceContractLiabilities', window );">Net insurance contract liabilities</a></td>
<td class="nump">135,851<span></span>
</td>
<td class="nump">135,192<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsUnderReinsuranceCeded', window );">Total reinsurance ceded</a></td>
<td class="nump">29,952<span></span>
</td>
<td class="nump">33,220<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Total, gross of reinsurance ceded</a></td>
<td class="nump">165,803<span></span>
</td>
<td class="nump">168,412<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember', window );">Gross insurance contract liabilities [Member] | Individual insurance participating [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInsuranceContractLiabilities', window );">Net insurance contract liabilities</a></td>
<td class="nump">52,438<span></span>
</td>
<td class="nump">49,913<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsUnderReinsuranceCeded', window );">Total reinsurance ceded</a></td>
<td class="nump">11,492<span></span>
</td>
<td class="nump">13,558<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Total, gross of reinsurance ceded</a></td>
<td class="nump">63,930<span></span>
</td>
<td class="nump">63,471<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember', window );">Gross insurance contract liabilities [Member] | Individual insurance participating [Member] | Asia [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInsuranceContractLiabilities', window );">Net insurance contract liabilities</a></td>
<td class="nump">32,737<span></span>
</td>
<td class="nump">29,520<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember', window );">Gross insurance contract liabilities [Member] | Individual insurance participating [Member] | Canada [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInsuranceContractLiabilities', window );">Net insurance contract liabilities</a></td>
<td class="nump">11,132<span></span>
</td>
<td class="nump">10,974<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember', window );">Gross insurance contract liabilities [Member] | Individual insurance participating [Member] | U.S [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInsuranceContractLiabilities', window );">Net insurance contract liabilities</a></td>
<td class="nump">8,569<span></span>
</td>
<td class="nump">9,419<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember', window );">Gross insurance contract liabilities [Member] | Individual insurance non-participating [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInsuranceContractLiabilities', window );">Net insurance contract liabilities</a></td>
<td class="nump">113,880<span></span>
</td>
<td class="nump">106,240<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsUnderReinsuranceCeded', window );">Total reinsurance ceded</a></td>
<td class="nump">11,238<span></span>
</td>
<td class="nump">12,122<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Total, gross of reinsurance ceded</a></td>
<td class="nump">125,118<span></span>
</td>
<td class="nump">118,362<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember', window );">Gross insurance contract liabilities [Member] | Individual insurance non-participating [Member] | Corporate and other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInsuranceContractLiabilities', window );">Net insurance contract liabilities</a></td>
<td class="num">(515)<span></span>
</td>
<td class="num">(833)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember', window );">Gross insurance contract liabilities [Member] | Individual insurance non-participating [Member] | Asia [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInsuranceContractLiabilities', window );">Net insurance contract liabilities</a></td>
<td class="nump">22,705<span></span>
</td>
<td class="nump">18,799<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember', window );">Gross insurance contract liabilities [Member] | Individual insurance non-participating [Member] | Canada [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInsuranceContractLiabilities', window );">Net insurance contract liabilities</a></td>
<td class="nump">34,091<span></span>
</td>
<td class="nump">31,790<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember', window );">Gross insurance contract liabilities [Member] | Individual insurance non-participating [Member] | U.S [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInsuranceContractLiabilities', window );">Net insurance contract liabilities</a></td>
<td class="nump">57,599<span></span>
</td>
<td class="nump">56,484<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember', window );">Gross insurance contract liabilities [Member] | Annuities and pensions [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInsuranceContractLiabilities', window );">Net insurance contract liabilities</a></td>
<td class="nump">49,716<span></span>
</td>
<td class="nump">51,810<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsUnderReinsuranceCeded', window );">Total reinsurance ceded</a></td>
<td class="nump">6,539<span></span>
</td>
<td class="nump">8,159<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Total, gross of reinsurance ceded</a></td>
<td class="nump">56,255<span></span>
</td>
<td class="nump">59,969<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember', window );">Gross insurance contract liabilities [Member] | Annuities and pensions [Member] | Corporate and other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInsuranceContractLiabilities', window );">Net insurance contract liabilities</a></td>
<td class="nump">48<span></span>
</td>
<td class="nump">62<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember', window );">Gross insurance contract liabilities [Member] | Annuities and pensions [Member] | Asia [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInsuranceContractLiabilities', window );">Net insurance contract liabilities</a></td>
<td class="nump">4,366<span></span>
</td>
<td class="nump">3,599<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember', window );">Gross insurance contract liabilities [Member] | Annuities and pensions [Member] | Canada [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInsuranceContractLiabilities', window );">Net insurance contract liabilities</a></td>
<td class="nump">19,141<span></span>
</td>
<td class="nump">19,620<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember', window );">Gross insurance contract liabilities [Member] | Annuities and pensions [Member] | U.S [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInsuranceContractLiabilities', window );">Net insurance contract liabilities</a></td>
<td class="nump">26,161<span></span>
</td>
<td class="nump">28,529<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember', window );">Gross insurance contract liabilities [Member] | Other insurance contract liabilities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInsuranceContractLiabilities', window );">Net insurance contract liabilities</a></td>
<td class="nump">58,212<span></span>
</td>
<td class="nump">54,590<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsUnderReinsuranceCeded', window );">Total reinsurance ceded</a></td>
<td class="nump">1,090<span></span>
</td>
<td class="nump">1,113<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Total, gross of reinsurance ceded</a></td>
<td class="nump">59,302<span></span>
</td>
<td class="nump">55,703<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember', window );">Gross insurance contract liabilities [Member] | Other insurance contract liabilities [Member] | Corporate and other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInsuranceContractLiabilities', window );">Net insurance contract liabilities</a></td>
<td class="nump">421<span></span>
</td>
<td class="nump">181<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember', window );">Gross insurance contract liabilities [Member] | Other insurance contract liabilities [Member] | Asia [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInsuranceContractLiabilities', window );">Net insurance contract liabilities</a></td>
<td class="nump">2,435<span></span>
</td>
<td class="nump">2,649<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember', window );">Gross insurance contract liabilities [Member] | Other insurance contract liabilities [Member] | Canada [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInsuranceContractLiabilities', window );">Net insurance contract liabilities</a></td>
<td class="nump">11,834<span></span>
</td>
<td class="nump">11,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember', window );">Gross insurance contract liabilities [Member] | Other insurance contract liabilities [Member] | U.S [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInsuranceContractLiabilities', window );">Net insurance contract liabilities</a></td>
<td class="nump">CAD 43,522<span></span>
</td>
<td class="nump">CAD 40,760<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AssetsUnderReinsuranceCeded">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets under reinsurance contracts in which the entity is the policyholder.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph IG20<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_IG20_c&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_37_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AssetsUnderReinsuranceCeded</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities under insurance contracts and reinsurance contracts issued. [Refer: Types of insurance contracts [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_37_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_37_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph IG20<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_IG20_a&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph IG37<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_IG37_a&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LiabilitiesArisingFromInsuranceContracts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of insurance contract liabilities and reinsurance assets line items.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NetInsuranceContractLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of insurance contract liabilities net of reinsurance assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NetInsuranceContractLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_OtherInsuranceContractLiabilitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfInsuranceContractsAxis=mfc_OtherInsuranceContractLiabilitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_UnallocatedAmountsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_UnallocatedAmountsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=us-gaap_AsiaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=us-gaap_AsiaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_CA">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_CA</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_US">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_US</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_IndividualInsuranceParticipatingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfInsuranceContractsAxis=mfc_IndividualInsuranceParticipatingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_IndividualInsuranceNonparticipatingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfInsuranceContractsAxis=mfc_IndividualInsuranceNonparticipatingMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td style="white-space:nowrap;">ifrs-full_TypesOfInsuranceContractsAxis=mfc_AnnuitiesAndPensionsMember</td>
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<DOCUMENT>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6936230960">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Insurance Contract Liabilities and Reinsurance Assets - Additional Information (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FairValueOfAssetsBackingNetInsuranceContractLiabilitiesExcludingReinsuranceAssets', window );">Fair value of assets backing net insurance contract liabilities excluding reinsurance assets</a></td>
<td class="nump">CAD 278,521<span></span>
</td>
<td class="nump">CAD 278,521<span></span>
</td>
<td class="nump">CAD 266,119<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FairValueOfAssetsBackingCapitalAndOtherLiabilities', window );">Fair value of assets backing capital and other liabilities</a></td>
<td class="nump">456,278<span></span>
</td>
<td class="nump">456,278<span></span>
</td>
<td class="nump">459,256<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInInsuranceLiabilitiesNetOfReinsurance', window );">Change in net insurance and investment contract liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">277<span></span>
</td>
<td class="nump">655<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholders', window );">Change in net income attributed to shareholders</a></td>
<td class="nump">CAD 2,800<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(35)<span></span>
</td>
<td class="num">(453)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ActuarialAssumptionsAdditionalInformationAxis=mfc_ALDAAndPublicEquityInvestmentReturnAssumptionsMember', window );">ALDA and Public Equity Investment Return Assumptions [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInInsuranceLiabilitiesNetOfReinsurance', window );">Change in net insurance and investment contract liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,296<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(892)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ActuarialAssumptionsAdditionalInformationAxis=mfc_CorporateSpreadAssumptionsMember', window );">Corporate Spread Assumptions [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInInsuranceLiabilitiesNetOfReinsurance', window );">Change in net insurance and investment contract liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(515)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">344<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ActuarialAssumptionsAdditionalInformationAxis=mfc_RefinementsToLiabilityAndTaxCashFlowsMember', window );">Refinements To Liability and Tax Cash Flows [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInInsuranceLiabilitiesNetOfReinsurance', window );">Change in net insurance and investment contract liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,049)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">696<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ActuarialAssumptionsAdditionalInformationAxis=mfc_USVariableAnnuitiesGuaranteedMinimumWithdrawalBenefitIncidenceAndUtilizationMember', window );">U.S. variable annuities guaranteed minimum withdrawal benefit incidence and utilization [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">665<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_CA', window );">Canada [Member] | U.S. variable annuities guaranteed minimum withdrawal benefit incidence and utilization [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">128<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_JP', window );">Japan [Member] | U.S. variable annuities guaranteed minimum withdrawal benefit incidence and utilization [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">228<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_MortalityAndMorbidityUpdatesMember', window );">Mortality and morbidity updates [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInInsuranceLiabilitiesNetOfReinsurance', window );">Change in net insurance and investment contract liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(254)<span></span>
</td>
<td class="num">(53)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">299<span></span>
</td>
<td class="nump">76<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_MortalityAndMorbidityUpdatesMember', window );">Mortality and morbidity updates [Member] | U.S [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">384<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_MortalityAndMorbidityUpdatesMember', window );">Mortality and morbidity updates [Member] | Canada [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">264<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_MortalityAndMorbidityUpdatesMember', window );">Mortality and morbidity updates [Member] | Canada [Member] | Retail Insurance Business [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">222<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_MortalityAndMorbidityUpdatesMember', window );">Mortality and morbidity updates [Member] | Asia [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">264<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_MortalityAndMorbidityUpdatesMember', window );">Mortality and morbidity updates [Member] | Japan [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">197<span></span>
</td>
<td class="nump">76<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_LapsesAndPolicyholderBehaviourMember', window );">Lapses and policyholder behavior [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInInsuranceLiabilitiesNetOfReinsurance', window );">Change in net insurance and investment contract liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,019<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(783)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_LapsesAndPolicyholderBehaviourMember', window );">Lapses and policyholder behavior [Member] | Canada [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">315<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_LapsesAndPolicyholderBehaviourMember', window );">Lapses and policyholder behavior [Member] | Canada [Member] | Segregated funds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">242<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_LapsesAndPolicyholderBehaviourMember', window );">Lapses and policyholder behavior [Member] | Japan [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">226<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_OtherUpdatesMember', window );">Other updates [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInInsuranceLiabilitiesNetOfReinsurance', window );">Change in net insurance and investment contract liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(220)<span></span>
</td>
<td class="nump">162<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">301<span></span>
</td>
<td class="num">(73)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_OtherUpdatesMember', window );">Other updates [Member] | ALDA and Public Equity Investment Return Assumptions [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">892<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_OtherUpdatesMember', window );">Other updates [Member] | Corporate Spread Assumptions [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">344<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_OtherUpdatesMember', window );">Other updates [Member] | U.S [Member] | Refinements To Liability and Tax Cash Flows [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 696<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_JHLongTermCareTriennialReviewMember', window );">JH Long Term Care triennial review [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInInsuranceLiabilitiesNetOfReinsurance', window );">Change in net insurance and investment contract liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">696<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(452)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ContractLiabilitiesBenefits', window );">Contract liabilities benefits</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 1,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PercentageOfPremiumIncreasesDueToChangesInActuarialAssumptions', window );">Percentage of premium increase due to changes in actuarial assumptions</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_EconomicReinvestmentAssumptionsMember', window );">Economic reinvestment assumptions [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInInsuranceLiabilitiesNetOfReinsurance', window );">Change in net insurance and investment contract liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 443<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(313)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember', window );">Bottom of range [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PercentageProvisionForAdverseDeviationAssumptionsNotSpecificallyProvided', window );">Percentage provision for adverse deviation assumptions not specifically provided</a></td>
<td class="nump">5.00%<span></span>
</td>
<td class="nump">5.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember', window );">Top of range [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PercentageProvisionForAdverseDeviationAssumptionsNotSpecificallyProvided', window );">Percentage provision for adverse deviation assumptions not specifically provided</a></td>
<td class="nump">20.00%<span></span>
</td>
<td class="nump">20.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_MLIAndJohnHancockLifeInsuranceCompanyMember', window );">MLI and John Hancock Life Insurance Company [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems', window );"><strong>Disclosure of insurance contract liabilities and reinsurance assets [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AssetsAndInsuranceContractLiabilitiesRelatedToClosedBlocksParticipatingPolicies', window );">Assets and insurance contract liabilities related to closed blocks participating policies</a></td>
<td class="nump">CAD 28,135<span></span>
</td>
<td class="nump">CAD 28,135<span></span>
</td>
<td class="nump">CAD 29,108<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInInsuranceLiabilitiesNetOfReinsurance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in insurance liabilities, net of reinsurance.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInInsuranceLiabilitiesNetOfReinsurance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_AssetsAndInsuranceContractLiabilitiesRelatedToClosedBlocksParticipatingPolicies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Assets and insurance contract liabilities related to closed blocks participating policies.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_AssetsAndInsuranceContractLiabilitiesRelatedToClosedBlocksParticipatingPolicies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ContractLiabilitiesBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Contract liabilities benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ContractLiabilitiesBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of insurance contract liabilities and reinsurance assets line items.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfInsuranceContractLiabilitiesAndReinsuranceAssetsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_FairValueOfAssetsBackingCapitalAndOtherLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of assets backing capital and other liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_FairValueOfAssetsBackingCapitalAndOtherLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_FairValueOfAssetsBackingNetInsuranceContractLiabilitiesExcludingReinsuranceAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of assets backing net insurance contract liabilities excluding reinsurance assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_FairValueOfAssetsBackingNetInsuranceContractLiabilitiesExcludingReinsuranceAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholders">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase (decrease) in net income attributed to shareholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncreaseDecreaseInNetIncomeAttributedToShareholders</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase (decrease) in net income attributed to shareholders after tax.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_PercentageOfPremiumIncreasesDueToChangesInActuarialAssumptions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of premium increases due to changes in actuarial assumptions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_PercentageOfPremiumIncreasesDueToChangesInActuarialAssumptions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_PercentageProvisionForAdverseDeviationAssumptionsNotSpecificallyProvided">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage provision for adverse deviation assumptions not specifically provided.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_PercentageProvisionForAdverseDeviationAssumptionsNotSpecificallyProvided</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ActuarialAssumptionsAdditionalInformationAxis=mfc_ALDAAndPublicEquityInvestmentReturnAssumptionsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ActuarialAssumptionsAdditionalInformationAxis=mfc_ALDAAndPublicEquityInvestmentReturnAssumptionsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ActuarialAssumptionsAdditionalInformationAxis=mfc_CorporateSpreadAssumptionsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ActuarialAssumptionsAdditionalInformationAxis=mfc_CorporateSpreadAssumptionsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ActuarialAssumptionsAdditionalInformationAxis=mfc_RefinementsToLiabilityAndTaxCashFlowsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ActuarialAssumptionsAdditionalInformationAxis=mfc_RefinementsToLiabilityAndTaxCashFlowsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ActuarialAssumptionsAdditionalInformationAxis=mfc_USVariableAnnuitiesGuaranteedMinimumWithdrawalBenefitIncidenceAndUtilizationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ActuarialAssumptionsAdditionalInformationAxis=mfc_USVariableAnnuitiesGuaranteedMinimumWithdrawalBenefitIncidenceAndUtilizationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_CA">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_CA</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_JP">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_JP</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialAssumptionsAxis=mfc_MortalityAndMorbidityUpdatesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=mfc_MortalityAndMorbidityUpdatesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_US">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_US</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">invest_InvestmentSectorAxis=mfc_RetailInsuranceBusinessMember</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=us-gaap_AsiaMember</td>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=mfc_LapsesAndPolicyholderBehaviourMember</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_SegregatedFundsMember</td>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=mfc_OtherUpdatesMember</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=mfc_JHLongTermCareTriennialReviewMember</td>
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<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=mfc_EconomicReinvestmentAssumptionsMember</td>
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<DOCUMENT>
<TYPE>XML
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6892152496">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Insurance Contract Liabilities and Reinsurance Assets - Summary of Carrying Value of Total Assets Backing Net Insurance Contract Liabilities, Other Liabilities and Capital (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">CAD 729,533<span></span>
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<td class="nump">CAD 720,681<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_MortgagesMember', window );">Mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">44,742<span></span>
</td>
<td class="nump">44,193<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_PrivatePlacementsMember', window );">Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">32,132<span></span>
</td>
<td class="nump">29,729<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_RealEstate1Member', window );">Real estate [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">13,810<span></span>
</td>
<td class="nump">14,132<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_DebtSecuritiesMember', window );">Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">174,000<span></span>
</td>
<td class="nump">168,622<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_PublicEquitiesMember', window );">Public equities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">21,545<span></span>
</td>
<td class="nump">19,496<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_OtherAssetsMember', window );">Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">443,304<span></span>
</td>
<td class="nump">444,509<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_IndividualInsuranceParticipatingMember', window );">Individual insurance participating [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">52,438<span></span>
</td>
<td class="nump">49,913<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_IndividualInsuranceParticipatingMember', window );">Individual insurance participating [Member] | Mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">2,017<span></span>
</td>
<td class="nump">2,110<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_IndividualInsuranceParticipatingMember', window );">Individual insurance participating [Member] | Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">3,645<span></span>
</td>
<td class="nump">3,277<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_IndividualInsuranceParticipatingMember', window );">Individual insurance participating [Member] | Real estate [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">2,963<span></span>
</td>
<td class="nump">2,811<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_IndividualInsuranceParticipatingMember', window );">Individual insurance participating [Member] | Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">27,946<span></span>
</td>
<td class="nump">27,473<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_IndividualInsuranceParticipatingMember', window );">Individual insurance participating [Member] | Public equities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">9,264<span></span>
</td>
<td class="nump">8,055<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_IndividualInsuranceParticipatingMember', window );">Individual insurance participating [Member] | Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">6,603<span></span>
</td>
<td class="nump">6,187<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_IndividualInsuranceNonparticipatingMember', window );">Individual insurance non-participating [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">113,880<span></span>
</td>
<td class="nump">106,240<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_IndividualInsuranceNonparticipatingMember', window );">Individual insurance non-participating [Member] | Mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">10,286<span></span>
</td>
<td class="nump">10,008<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_IndividualInsuranceNonparticipatingMember', window );">Individual insurance non-participating [Member] | Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">12,128<span></span>
</td>
<td class="nump">10,823<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_IndividualInsuranceNonparticipatingMember', window );">Individual insurance non-participating [Member] | Real estate [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">6,198<span></span>
</td>
<td class="nump">6,397<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_IndividualInsuranceNonparticipatingMember', window );">Individual insurance non-participating [Member] | Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">63,128<span></span>
</td>
<td class="nump">56,765<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_IndividualInsuranceNonparticipatingMember', window );">Individual insurance non-participating [Member] | Public equities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">5,855<span></span>
</td>
<td class="nump">5,401<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_IndividualInsuranceNonparticipatingMember', window );">Individual insurance non-participating [Member] | Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">16,285<span></span>
</td>
<td class="nump">16,846<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_AnnuitiesAndPensionsMember', window );">Annuities and pensions [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">49,716<span></span>
</td>
<td class="nump">51,810<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_AnnuitiesAndPensionsMember', window );">Annuities and pensions [Member] | Mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">7,009<span></span>
</td>
<td class="nump">8,135<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_AnnuitiesAndPensionsMember', window );">Annuities and pensions [Member] | Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">8,059<span></span>
</td>
<td class="nump">7,096<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_AnnuitiesAndPensionsMember', window );">Annuities and pensions [Member] | Real estate [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">1,136<span></span>
</td>
<td class="nump">1,480<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_AnnuitiesAndPensionsMember', window );">Annuities and pensions [Member] | Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">26,621<span></span>
</td>
<td class="nump">26,331<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_AnnuitiesAndPensionsMember', window );">Annuities and pensions [Member] | Public equities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">171<span></span>
</td>
<td class="nump">213<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_AnnuitiesAndPensionsMember', window );">Annuities and pensions [Member] | Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">6,720<span></span>
</td>
<td class="nump">8,555<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_OtherInsuranceContractLiabilitiesMember', window );">Other insurance contract liabilities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">58,212<span></span>
</td>
<td class="nump">54,590<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_OtherInsuranceContractLiabilitiesMember', window );">Other insurance contract liabilities [Member] | Mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">6,891<span></span>
</td>
<td class="nump">5,554<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_OtherInsuranceContractLiabilitiesMember', window );">Other insurance contract liabilities [Member] | Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">7,739<span></span>
</td>
<td class="nump">7,070<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_OtherInsuranceContractLiabilitiesMember', window );">Other insurance contract liabilities [Member] | Real estate [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">2,516<span></span>
</td>
<td class="nump">2,561<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_OtherInsuranceContractLiabilitiesMember', window );">Other insurance contract liabilities [Member] | Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">25,211<span></span>
</td>
<td class="nump">23,012<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_OtherInsuranceContractLiabilitiesMember', window );">Other insurance contract liabilities [Member] | Public equities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">332<span></span>
</td>
<td class="nump">351<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_OtherInsuranceContractLiabilitiesMember', window );">Other insurance contract liabilities [Member] | Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">15,523<span></span>
</td>
<td class="nump">16,042<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=us-gaap_OtherLiabilitiesMember', window );">Other liabilities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">404,628<span></span>
</td>
<td class="nump">407,893<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=us-gaap_OtherLiabilitiesMember', window );">Other liabilities [Member] | Mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">18,476<span></span>
</td>
<td class="nump">18,311<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=us-gaap_OtherLiabilitiesMember', window );">Other liabilities [Member] | Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">367<span></span>
</td>
<td class="nump">1,272<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=us-gaap_OtherLiabilitiesMember', window );">Other liabilities [Member] | Real estate [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">769<span></span>
</td>
<td class="nump">613<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=us-gaap_OtherLiabilitiesMember', window );">Other liabilities [Member] | Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">6,635<span></span>
</td>
<td class="nump">9,965<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=us-gaap_OtherLiabilitiesMember', window );">Other liabilities [Member] | Public equities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">1,029<span></span>
</td>
<td class="nump">732<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=us-gaap_OtherLiabilitiesMember', window );">Other liabilities [Member] | Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">377,352<span></span>
</td>
<td class="nump">377,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_CapitalMember', window );">Capital [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">50,659<span></span>
</td>
<td class="nump">50,235<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_CapitalMember', window );">Capital [Member] | Mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">63<span></span>
</td>
<td class="nump">75<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_CapitalMember', window );">Capital [Member] | Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">194<span></span>
</td>
<td class="nump">191<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_CapitalMember', window );">Capital [Member] | Real estate [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">228<span></span>
</td>
<td class="nump">270<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_CapitalMember', window );">Capital [Member] | Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">24,459<span></span>
</td>
<td class="nump">25,076<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_CapitalMember', window );">Capital [Member] | Public equities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">4,894<span></span>
</td>
<td class="nump">4,744<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_CapitalMember', window );">Capital [Member] | Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems', window );"><strong>Disclosure Of Carrying Value Measurement Of Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Carrying value of total assets</a></td>
<td class="nump">CAD 20,821<span></span>
</td>
<td class="nump">CAD 19,879<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of resources: (a) controlled by the entity as a result of past events; and (b) from which future economic benefits are expected to flow to the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Assets</td>
</tr>
<tr>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure Of Carrying Value Measurement Of Assets [line items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfCarryingValueMeasurementOfAssetsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_MortgagesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_MortgagesMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_PrivatePlacementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=mfc_PrivatePlacementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_RealEstate1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=mfc_RealEstate1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_DebtSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=ifrs-full_DebtSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=mfc_PublicEquitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_PublicEquitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_OtherAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=ifrs-full_OtherAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_IndividualInsuranceParticipatingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfInsuranceContractsAxis=mfc_IndividualInsuranceParticipatingMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_IndividualInsuranceNonparticipatingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfInsuranceContractsAxis=mfc_IndividualInsuranceNonparticipatingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_AnnuitiesAndPensionsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfInsuranceContractsAxis=mfc_AnnuitiesAndPensionsMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_OtherInsuranceContractLiabilitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfInsuranceContractsAxis=mfc_OtherInsuranceContractLiabilitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfInsuranceContractsAxis=us-gaap_OtherLiabilitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfInsuranceContractsAxis=us-gaap_OtherLiabilitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_CapitalMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfInsuranceContractsAxis=mfc_CapitalMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6889248688">
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<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Insurance Contract Liabilities and Reinsurance Assets - Summary of Potential Impact on Net Income Attributed to Shareholders Arising From Changes to Non-economic Assumptions (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_TwoPercentAdverseChangeInFutureMortalityRatesMember', window );">2% Adverse change in future mortality rates [Member] | Products where an increase in rates increases insurance contract liabilities [Member]</a></td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DecreaseInProfitLossAttributableToShareholdersDueToPolicyRelatedAssumptions', window );">Decrease in net income attributable to shareholders</a></td>
<td class="num">CAD (400)<span></span>
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<td class="num">CAD (400)<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_TwoPercentAdverseChangeInFutureMortalityRatesMember', window );">2% Adverse change in future mortality rates [Member] | Products where a decrease in rates increases insurance contract liabilities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
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<td class="num">(400)<span></span>
</td>
<td class="num">(500)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_FivePercentAdverseChangeInFutureMorbidityRatesMember', window );">5% Adverse change in future morbidity rates [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DecreaseInProfitLossAttributableToShareholdersDueToPolicyRelatedAssumptions', window );">Decrease in net income attributable to shareholders</a></td>
<td class="num">(3,900)<span></span>
</td>
<td class="num">(3,700)<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_TenPercentAdverseChangeInFutureTerminationRatesMember', window );">10% Adverse change in future termination rates [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DecreaseInProfitLossAttributableToShareholdersDueToPolicyRelatedAssumptions', window );">Decrease in net income attributable to shareholders</a></td>
<td class="num">(2,000)<span></span>
</td>
<td class="num">(1,900)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_FivePercentIncreaseInFutureExpenseLevelsMember', window );">5% increase in future expense levels [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DecreaseInProfitLossAttributableToShareholdersDueToPolicyRelatedAssumptions', window );">Decrease in net income attributable to shareholders</a></td>
<td class="num">CAD (500)<span></span>
</td>
<td class="num">CAD (500)<span></span>
</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Decrease in profit loss attributable to shareholders due to policy related assumptions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DecreaseInProfitLossAttributableToShareholdersDueToPolicyRelatedAssumptions</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<html>
<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6936058944">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Insurance Contract Liabilities and Reinsurance Assets - Summary of Change in Insurance Contract Liabilities (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfChangesInInsuranceContractLiabilitiesLineItems', window );"><strong>Disclosure of changes in insurance contract liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Beginning balance</a></td>
<td class="nump">CAD 297,505<span></span>
</td>
<td class="nump">CAD 285,288<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued', window );">New policies</a></td>
<td class="nump">3,986<span></span>
</td>
<td class="nump">3,911<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NormalInForceMovementInInsuranceContracts', window );">Normal in-forcemovement</a></td>
<td class="nump">13,025<span></span>
</td>
<td class="nump">13,268<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangesInMethodsAndAssumptionsInInsuranceContracts', window );">Changes in methods and assumptions</a></td>
<td class="nump">324<span></span>
</td>
<td class="nump">1,354<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TaxEffectFromChangeInTaxRateInInsuranceContracts', window );">Impact of U.S. Tax Reform</a></td>
<td class="nump">2,246<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDueToDecisionToChangeThePortfolioAssetMixSupportingLegacyBusinessInsuranceContracts', window );">Increase due to decision to change the portfolio asset mix supporting legacy business</a></td>
<td class="nump">1,383<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued', window );">Impact of changes in foreign exchange rates</a></td>
<td class="num">(13,864)<span></span>
</td>
<td class="num">(6,316)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Ending balance</a></td>
<td class="nump">304,605<span></span>
</td>
<td class="nump">297,505<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_NetActuarialLiabilitiesMember', window );">Net actuarial liabilities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfChangesInInsuranceContractLiabilitiesLineItems', window );"><strong>Disclosure of changes in insurance contract liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Beginning balance</a></td>
<td class="nump">251,738<span></span>
</td>
<td class="nump">239,812<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued', window );">New policies</a></td>
<td class="nump">3,545<span></span>
</td>
<td class="nump">3,617<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NormalInForceMovementInInsuranceContracts', window );">Normal in-forcemovement</a></td>
<td class="nump">15,192<span></span>
</td>
<td class="nump">12,579<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangesInMethodsAndAssumptionsInInsuranceContracts', window );">Changes in methods and assumptions</a></td>
<td class="nump">305<span></span>
</td>
<td class="nump">709<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TaxEffectFromChangeInTaxRateInInsuranceContracts', window );">Impact of U.S. Tax Reform</a></td>
<td class="nump">2,246<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDueToDecisionToChangeThePortfolioAssetMixSupportingLegacyBusinessInsuranceContracts', window );">Increase due to decision to change the portfolio asset mix supporting legacy business</a></td>
<td class="nump">1,340<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued', window );">Impact of changes in foreign exchange rates</a></td>
<td class="num">(11,275)<span></span>
</td>
<td class="num">(4,979)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Ending balance</a></td>
<td class="nump">263,091<span></span>
</td>
<td class="nump">251,738<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_OtherInsuranceContractLiabilitiesMember', window );">Other insurance contract liabilities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfChangesInInsuranceContractLiabilitiesLineItems', window );"><strong>Disclosure of changes in insurance contract liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Beginning balance</a></td>
<td class="nump">10,815<span></span>
</td>
<td class="nump">10,050<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NormalInForceMovementInInsuranceContracts', window );">Normal in-forcemovement</a></td>
<td class="nump">930<span></span>
</td>
<td class="nump">1,094<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangesInMethodsAndAssumptionsInInsuranceContracts', window );">Changes in methods and assumptions</a></td>
<td class="num">(28)<span></span>
</td>
<td class="num">(54)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued', window );">Impact of changes in foreign exchange rates</a></td>
<td class="num">(562)<span></span>
</td>
<td class="num">(275)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Ending balance</a></td>
<td class="nump">11,155<span></span>
</td>
<td class="nump">10,815<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_NetInsuranceContractLiabilitiesMember', window );">Net insurance contract liabilities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfChangesInInsuranceContractLiabilitiesLineItems', window );"><strong>Disclosure of changes in insurance contract liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Beginning balance</a></td>
<td class="nump">262,553<span></span>
</td>
<td class="nump">249,862<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued', window );">New policies</a></td>
<td class="nump">3,545<span></span>
</td>
<td class="nump">3,617<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NormalInForceMovementInInsuranceContracts', window );">Normal in-forcemovement</a></td>
<td class="nump">16,122<span></span>
</td>
<td class="nump">13,673<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangesInMethodsAndAssumptionsInInsuranceContracts', window );">Changes in methods and assumptions</a></td>
<td class="nump">277<span></span>
</td>
<td class="nump">655<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TaxEffectFromChangeInTaxRateInInsuranceContracts', window );">Impact of U.S. Tax Reform</a></td>
<td class="nump">2,246<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDueToDecisionToChangeThePortfolioAssetMixSupportingLegacyBusinessInsuranceContracts', window );">Increase due to decision to change the portfolio asset mix supporting legacy business</a></td>
<td class="nump">1,340<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued', window );">Impact of changes in foreign exchange rates</a></td>
<td class="num">(11,837)<span></span>
</td>
<td class="num">(5,254)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Ending balance</a></td>
<td class="nump">274,246<span></span>
</td>
<td class="nump">262,553<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_ReinsuranceAssetsMember', window );">Reinsurance assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfChangesInInsuranceContractLiabilitiesLineItems', window );"><strong>Disclosure of changes in insurance contract liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Beginning balance</a></td>
<td class="nump">34,952<span></span>
</td>
<td class="nump">35,426<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdditionsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued', window );">New policies</a></td>
<td class="nump">441<span></span>
</td>
<td class="nump">294<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NormalInForceMovementInInsuranceContracts', window );">Normal in-forcemovement</a></td>
<td class="num">(3,097)<span></span>
</td>
<td class="num">(405)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangesInMethodsAndAssumptionsInInsuranceContracts', window );">Changes in methods and assumptions</a></td>
<td class="nump">47<span></span>
</td>
<td class="nump">699<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDueToDecisionToChangeThePortfolioAssetMixSupportingLegacyBusinessInsuranceContracts', window );">Increase due to decision to change the portfolio asset mix supporting legacy business</a></td>
<td class="nump">43<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued', window );">Impact of changes in foreign exchange rates</a></td>
<td class="num">(2,027)<span></span>
</td>
<td class="num">(1,062)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Ending balance</a></td>
<td class="nump">CAD 30,359<span></span>
</td>
<td class="nump">CAD 34,952<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdditionsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase in liabilities under insurance contracts and reinsurance contracts issued, resulting from additions other than through business combinations. [Refer: Liabilities under insurance contracts and reinsurance contracts issued; Business combinations [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph IG37<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_IG37_b&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_37_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdditionsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The change in insurance liabilities resulting from the net exchange differences that arise on the translation of the financial statements into a different presentation currency, and on the translation of a foreign operation into the presentation currency. [Refer: Liabilities under insurance contracts and reinsurance contracts issued]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph IG37<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_IG37_f&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_37_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities under insurance contracts and reinsurance contracts issued. [Refer: Types of insurance contracts [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_37_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_37_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph IG20<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_IG20_a&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph IG37<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_IG37_a&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LiabilitiesArisingFromInsuranceContracts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ChangesInMethodsAndAssumptionsInInsuranceContracts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Change in insurance contracts resulting from changes in methods and assumptions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ChangesInMethodsAndAssumptionsInInsuranceContracts</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfChangesInInsuranceContractLiabilitiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of changes in insurance contract liabilities [line items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfChangesInInsuranceContractLiabilitiesLineItems</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_IncreaseDueToDecisionToChangeThePortfolioAssetMixSupportingLegacyBusinessInsuranceContracts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase due to decision to change the portfolio asset mix supporting legacy business, insurance contracts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncreaseDueToDecisionToChangeThePortfolioAssetMixSupportingLegacyBusinessInsuranceContracts</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NormalInForceMovementInInsuranceContracts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Change in insurance contract resulting from normal movement in force block.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NormalInForceMovementInInsuranceContracts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_TaxEffectFromChangeInTaxRateInInsuranceContracts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tax effect from change in tax rate in insurance contracts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_TaxEffectFromChangeInTaxRateInInsuranceContracts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_NetActuarialLiabilitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfInsuranceContractsAxis=mfc_NetActuarialLiabilitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_OtherInsuranceContractLiabilitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfInsuranceContractsAxis=mfc_OtherInsuranceContractLiabilitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_NetInsuranceContractLiabilitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfInsuranceContractsAxis=mfc_NetInsuranceContractLiabilitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_ReinsuranceAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfInsuranceContractsAxis=mfc_ReinsuranceAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>124
<FILENAME>R95.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6888391296">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Insurance Contract Liabilities and Reinsurance Assets - Summary of Change in Insurance Contract Liabilities (Parenthetical) (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReconciliationOfChangesInLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssuedAbstract', window );"><strong>Reconciliation of changes in liabilities under insurance contracts and reinsurance contracts issued [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangeInGrossInsuranceContractLiabilities', window );">Change in gross insurance contract liabilities</a></td>
<td class="nump">CAD 20,964<span></span>
</td>
<td class="nump">CAD 18,533<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangeInInsuranceContractLiabilities', window );">Change in insurance contract liabilities</a></td>
<td class="nump">20,023<span></span>
</td>
<td class="nump">18,014<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInInsuranceContractLiabilities', window );">Increase in insurance contract liabilities</a></td>
<td class="nump">20,212<span></span>
</td>
<td class="nump">17,529<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ContractLiabilitiesInGrossClaimsAndBenefits', window );">Contract liabilities in gross claims and benefits</a></td>
<td class="nump">CAD 752<span></span>
</td>
<td class="nump">CAD 1,004<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ApplicableTaxRate', window );">Corporate tax rate</a></td>
<td class="nump">21.00%<span></span>
</td>
<td class="nump">35.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TaxEffectFromChangeInTaxRateInInsuranceContracts', window );">Impact of U.S. Tax Reform</a></td>
<td class="num">CAD (2,246)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TaxEffectFromChangeInTaxRateInInsuranceContractsPostTax', window );">Impact of U.S. Tax Reform, post-tax</a></td>
<td class="nump">1,774<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes', window );">Impact of U.S. Tax Reform, deferred tax impact</a></td>
<td class="nump">CAD 472<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ApplicableTaxRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The applicable income tax rate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_c_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ApplicableTaxRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of deferred tax expense or income relating to tax rate changes or the imposition of new taxes. [Refer: Deferred tax expense (income)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 80<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_80_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReconciliationOfChangesInLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssuedAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReconciliationOfChangesInLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssuedAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ChangeInGrossInsuranceContractLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Change in Gross Insurance Contract Liabilities</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ChangeInGrossInsuranceContractLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ChangeInInsuranceContractLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Change in insurance contract liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ChangeInInsuranceContractLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ContractLiabilitiesInGrossClaimsAndBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Contract liabilities in gross claims and benefits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ContractLiabilitiesInGrossClaimsAndBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_IncreaseDecreaseInInsuranceContractLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase (decrease) in insurance contract liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncreaseDecreaseInInsuranceContractLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_TaxEffectFromChangeInTaxRateInInsuranceContracts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tax effect from change in tax rate in insurance contracts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_TaxEffectFromChangeInTaxRateInInsuranceContracts</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_TaxEffectFromChangeInTaxRateInInsuranceContractsPostTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tax effect from change in tax rate, in insurance contracts, post tax.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_TaxEffectFromChangeInTaxRateInInsuranceContractsPostTax</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6895585088">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Insurance Contract Liabilities and Reinsurance Assets - Summary of Actuarial Methods and Assumptions (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInGrossInsuranceAndInvestmentContractLiabilities', window );">Change in gross insurance and investment contract liabilities</a></td>
<td class="nump">CAD 324<span></span>
</td>
<td class="nump">CAD 1,354<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInInsuranceLiabilitiesNetOfReinsurance', window );">Change in insurance and investment contract liabilities net of reinsurance</a></td>
<td class="nump">277<span></span>
</td>
<td class="nump">655<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="num">(35)<span></span>
</td>
<td class="num">(453)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ActuarialAssumptionsAdditionalInformationAxis=mfc_ALDAAndPublicEquityInvestmentReturnAssumptionsMember', window );">ALDA and Public Equity Investment Return Assumptions [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInGrossInsuranceAndInvestmentContractLiabilities', window );">Change in gross insurance and investment contract liabilities</a></td>
<td class="nump">1,403<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInInsuranceLiabilitiesNetOfReinsurance', window );">Change in insurance and investment contract liabilities net of reinsurance</a></td>
<td class="nump">1,296<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="num">(892)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ActuarialAssumptionsAdditionalInformationAxis=mfc_CorporateSpreadAssumptionsMember', window );">Corporate Spread Assumptions [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInGrossInsuranceAndInvestmentContractLiabilities', window );">Change in gross insurance and investment contract liabilities</a></td>
<td class="num">(554)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInInsuranceLiabilitiesNetOfReinsurance', window );">Change in insurance and investment contract liabilities net of reinsurance</a></td>
<td class="num">(515)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="nump">344<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ActuarialAssumptionsAdditionalInformationAxis=mfc_RefinementsToLiabilityAndTaxCashFlowsMember', window );">Refinements To Liability and Tax Cash Flows [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInGrossInsuranceAndInvestmentContractLiabilities', window );">Change in gross insurance and investment contract liabilities</a></td>
<td class="num">(1,273)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInInsuranceLiabilitiesNetOfReinsurance', window );">Change in insurance and investment contract liabilities net of reinsurance</a></td>
<td class="num">(1,049)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="nump">696<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_MortalityAndMorbidityUpdatesMember', window );">Mortality and morbidity updates [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInGrossInsuranceAndInvestmentContractLiabilities', window );">Change in gross insurance and investment contract liabilities</a></td>
<td class="num">(219)<span></span>
</td>
<td class="num">(12)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInInsuranceLiabilitiesNetOfReinsurance', window );">Change in insurance and investment contract liabilities net of reinsurance</a></td>
<td class="num">(254)<span></span>
</td>
<td class="num">(53)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="nump">299<span></span>
</td>
<td class="nump">76<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_LapsesAndPolicyholderBehaviourMember', window );">Lapses and policyholder behavior [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInGrossInsuranceAndInvestmentContractLiabilities', window );">Change in gross insurance and investment contract liabilities</a></td>
<td class="nump">1,057<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInInsuranceLiabilitiesNetOfReinsurance', window );">Change in insurance and investment contract liabilities net of reinsurance</a></td>
<td class="nump">1,019<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="num">(783)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_OtherUpdatesMember', window );">Other updates [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInGrossInsuranceAndInvestmentContractLiabilities', window );">Change in gross insurance and investment contract liabilities</a></td>
<td class="num">(90)<span></span>
</td>
<td class="nump">719<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInInsuranceLiabilitiesNetOfReinsurance', window );">Change in insurance and investment contract liabilities net of reinsurance</a></td>
<td class="num">(220)<span></span>
</td>
<td class="nump">162<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="nump">301<span></span>
</td>
<td class="num">(73)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_OtherUpdatesMember', window );">Other updates [Member] | ALDA and Public Equity Investment Return Assumptions [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="nump">892<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_OtherUpdatesMember', window );">Other updates [Member] | Corporate Spread Assumptions [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="nump">CAD 344<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_JHLongTermCareTriennialReviewMember', window );">JH Long Term Care triennial review [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInGrossInsuranceAndInvestmentContractLiabilities', window );">Change in gross insurance and investment contract liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">696<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInInsuranceLiabilitiesNetOfReinsurance', window );">Change in insurance and investment contract liabilities net of reinsurance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">696<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(452)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_USVariableAnnuitiesGuaranteedMinimumWithdrawalBenefitIncidenceAndUtilizationMember', window );">U.S. variable annuities guaranteed minimum withdrawal benefit incidence and utilization [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInGrossInsuranceAndInvestmentContractLiabilities', window );">Change in gross insurance and investment contract liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,024)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInInsuranceLiabilitiesNetOfReinsurance', window );">Change in insurance and investment contract liabilities net of reinsurance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,024)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">665<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_OtherLapsesAndPolicyholderBehaviourMember', window );">Other lapses and policyholder behaviour [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInGrossInsuranceAndInvestmentContractLiabilities', window );">Change in gross insurance and investment contract liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">516<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInInsuranceLiabilitiesNetOfReinsurance', window );">Change in insurance and investment contract liabilities net of reinsurance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">431<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(356)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_EconomicReinvestmentAssumptionsMember', window );">Economic reinvestment assumptions [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInGrossInsuranceAndInvestmentContractLiabilities', window );">Change in gross insurance and investment contract liabilities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">459<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInInsuranceLiabilitiesNetOfReinsurance', window );">Change in insurance and investment contract liabilities net of reinsurance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">443<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToShareholdersAfterTax', window );">Change in net income attributed to shareholders (post-tax)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">CAD (313)<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6887762992">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Insurance Contract Liabilities and Reinsurance Assets - Summary of Actuarial Methods and Assumptions (Parenthetical) (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsAbstract', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInInsuranceLiabilitiesNetOfReinsurance', window );">Change in net insurance and investment contract liabilities</a></td>
<td class="nump">CAD 277<span></span>
</td>
<td class="nump">CAD 655<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributedToParticipatingPolicyholders', window );">Net income attributed to participating policyholders</a></td>
<td class="nump">CAD 88<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInInsuranceLiabilitiesNetOfReinsurance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in insurance liabilities, net of reinsurance.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInInsuranceLiabilitiesNetOfReinsurance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_IncreaseDecreaseInNetIncomeAttributedToParticipatingPolicyholders">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase (decrease) in net income attributed to participating policyholders</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncreaseDecreaseInNetIncomeAttributedToParticipatingPolicyholders</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>127
<FILENAME>R98.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
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<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6886285520">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Insurance Contract Liabilities and Reinsurance Assets - Summary of Insurance Contract Liabilities, Payments Due by Period (Detail)<br> CAD in Millions</strong></div></th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>CAD</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems', window );"><strong>Disclosure of types of insurance contracts [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InsuranceContractsContractualObligationsPaymentsDueOnLiabilities', window );">Insurance contract liabilities</a></td>
<td class="nump">CAD 742,054<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Less than 1 year [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems', window );"><strong>Disclosure of types of insurance contracts [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InsuranceContractsContractualObligationsPaymentsDueOnLiabilities', window );">Insurance contract liabilities</a></td>
<td class="nump">9,788<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember', window );">1 to 3 years [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems', window );"><strong>Disclosure of types of insurance contracts [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InsuranceContractsContractualObligationsPaymentsDueOnLiabilities', window );">Insurance contract liabilities</a></td>
<td class="nump">11,236<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember', window );">3 to 5 years [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems', window );"><strong>Disclosure of types of insurance contracts [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InsuranceContractsContractualObligationsPaymentsDueOnLiabilities', window );">Insurance contract liabilities</a></td>
<td class="nump">17,153<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsMember', window );">Over 5 years [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems', window );"><strong>Disclosure of types of insurance contracts [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InsuranceContractsContractualObligationsPaymentsDueOnLiabilities', window );">Insurance contract liabilities</a></td>
<td class="nump">CAD 703,877<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Insurance contracts contractual obligations payments due on liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_InsuranceContractsContractualObligationsPaymentsDueOnLiabilities</td>
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<td>instant</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsMember</td>
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<DOCUMENT>
<TYPE>XML
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<FILENAME>R99.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6899461568">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Insurance Contract Liabilities and Reinsurance Assets - Summary of Gross Claims and Benefits (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNetGrossAndReinsurersShareForAmountsArisingFromInsuranceContractsLineItems', window );"><strong>Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InsuranceClaimsAndBenefitsGross', window );">Gross claims and benefits</a></td>
<td class="nump">CAD 24,994<span></span>
</td>
<td class="nump">CAD 25,059<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_DeathDisabilityAndOtherClaimsMember', window );">Death, disability and other claims [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNetGrossAndReinsurersShareForAmountsArisingFromInsuranceContractsLineItems', window );"><strong>Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
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<td class="nump">14,871<span></span>
</td>
<td class="nump">13,819<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_MaturityAndSurrenderBenefitsMember', window );">Maturity and surrender benefits [Member]</a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="nump">6,302<span></span>
</td>
<td class="nump">6,697<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_AnnuityPaymentsMember', window );">Annuity payments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNetGrossAndReinsurersShareForAmountsArisingFromInsuranceContractsLineItems', window );"><strong>Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InsuranceClaimsAndBenefitsGross', window );">Gross claims and benefits</a></td>
<td class="nump">4,470<span></span>
</td>
<td class="nump">4,310<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_PolicyholderDividendsAndExperienceRatingRefundsMember', window );">Policyholder dividends and experience rating refunds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNetGrossAndReinsurersShareForAmountsArisingFromInsuranceContractsLineItems', window );"><strong>Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InsuranceClaimsAndBenefitsGross', window );">Gross claims and benefits</a></td>
<td class="nump">1,085<span></span>
</td>
<td class="nump">1,111<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_NetTransfersFromSegregatedFundsMember', window );">Net transfers from segregated funds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNetGrossAndReinsurersShareForAmountsArisingFromInsuranceContractsLineItems', window );"><strong>Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InsuranceClaimsAndBenefitsGross', window );">Gross claims and benefits</a></td>
<td class="num">CAD (1,734)<span></span>
</td>
<td class="num">CAD (878)<span></span>
</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfNetGrossAndReinsurersShareForAmountsArisingFromInsuranceContractsLineItems</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Insurance claims and benefits gross.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Investment Contract Liabilities - Summary of Movement in Investment Contract Liabilities Measured at Fair Value (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="nump">3,126<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="nump">631<span></span>
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<td class="nump">785<span></span>
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<td class="nump">50<span></span>
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<td class="nump">53<span></span>
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<td class="nump">76<span></span>
</td>
<td class="num">(103)<span></span>
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<td class="num">(72)<span></span>
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<td class="num">(83)<span></span>
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<tr class="ro">
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<td class="num">(46)<span></span>
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<td class="num">(21)<span></span>
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<td class="nump">CAD 639<span></span>
</td>
<td class="nump">CAD 631<span></span>
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<div style="display: none;">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities relating to investment contracts that fall within the scope of IAS 39 or IFRS 9.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of Investment Contract Liabilities [Line Items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase decrease in Investment contracts liabilities due to changes in market conditions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToChangesInMarketConditions</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase decrease in investment contracts liabilities due to impact of changes in foreign exchange rates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToImpactOfChangesInForeignExchangeRates</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase decrease in Investment contracts liabilities due to new policies.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToNewPolicies</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase decrease in Investment contracts liabilities due to redemptions, surrenders and maturities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6888683376">
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<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Investment Contract Liabilities - Summary of Investment Contract Liabilities Measured at Amortized Cost and Fair Value Associated with Contracts (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentContractLiabilitiesLineItems', window );"><strong>Disclosure of Investment Contract Liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentContractsLiabilities', window );">Investment contract liabilities</a></td>
<td class="nump">CAD 3,126<span></span>
</td>
<td class="nump">CAD 3,275<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_FinancialLiabilitiesAtAmortisedCostMember', window );">Amortized cost [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentContractLiabilitiesLineItems', window );"><strong>Disclosure of Investment Contract Liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentContractsLiabilities', window );">Investment contract liabilities</a></td>
<td class="nump">2,487<span></span>
</td>
<td class="nump">2,644<span></span>
</td>
<td class="nump">CAD 2,712<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_FinancialLiabilitiesAtAmortisedCostMember', window );">Amortized cost [Member] | U.S. fixed annuity products [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentContractLiabilitiesLineItems', window );"><strong>Disclosure of Investment Contract Liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentContractsLiabilities', window );">Investment contract liabilities</a></td>
<td class="nump">1,282<span></span>
</td>
<td class="nump">1,412<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_FinancialLiabilitiesAtAmortisedCostMember', window );">Amortized cost [Member] | Canadian fixed annuity products [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentContractLiabilitiesLineItems', window );"><strong>Disclosure of Investment Contract Liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentContractsLiabilities', window );">Investment contract liabilities</a></td>
<td class="nump">1,205<span></span>
</td>
<td class="nump">1,232<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_FinancialLiabilitiesAtFairValueMember', window );">Fair value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentContractLiabilitiesLineItems', window );"><strong>Disclosure of Investment Contract Liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentContractsLiabilities', window );">Investment contract liabilities</a></td>
<td class="nump">2,787<span></span>
</td>
<td class="nump">2,905<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_FinancialLiabilitiesAtFairValueMember', window );">Fair value [Member] | U.S. fixed annuity products [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentContractLiabilitiesLineItems', window );"><strong>Disclosure of Investment Contract Liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentContractsLiabilities', window );">Investment contract liabilities</a></td>
<td class="nump">1,433<span></span>
</td>
<td class="nump">1,516<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_FinancialLiabilitiesAtFairValueMember', window );">Fair value [Member] | Canadian fixed annuity products [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentContractLiabilitiesLineItems', window );"><strong>Disclosure of Investment Contract Liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentContractsLiabilities', window );">Investment contract liabilities</a></td>
<td class="nump">CAD 1,354<span></span>
</td>
<td class="nump">CAD 1,389<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities relating to investment contracts that fall within the scope of IAS 39 or IFRS 9.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of Investment Contract Liabilities [Line Items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_FinancialLiabilitiesAtFairValueMember</td>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>131
<FILENAME>R102.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6923757104">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Investment Contract Liabilities - Summary of Changes in Investment Contract Liabilities Measured at Amortized Cost (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentContractLiabilitiesLineItems', window );"><strong>Disclosure of Investment Contract Liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentContractsLiabilities', window );">Beginning balance</a></td>
<td class="nump">CAD 3,275<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentContractsLiabilities', window );">Ending balance</a></td>
<td class="nump">3,126<span></span>
</td>
<td class="nump">CAD 3,275<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_FinancialLiabilitiesAtAmortisedCostMember', window );">Amortized cost [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentContractLiabilitiesLineItems', window );"><strong>Disclosure of Investment Contract Liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentContractsLiabilities', window );">Beginning balance</a></td>
<td class="nump">2,644<span></span>
</td>
<td class="nump">2,712<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToNewPolicies', window );">Policy deposits</a></td>
<td class="nump">68<span></span>
</td>
<td class="nump">112<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesMeasuredDueToInterest', window );">Interest</a></td>
<td class="nump">100<span></span>
</td>
<td class="nump">100<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToWithdrawals', window );">Withdrawals</a></td>
<td class="num">(232)<span></span>
</td>
<td class="num">(235)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToFees', window );">Fees</a></td>
<td class="num">(1)<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToOtherActivities', window );">Other</a></td>
<td class="num">(1)<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToImpactOfChangesInForeignExchangeRates', window );">Impact of changes in foreign exchange rates</a></td>
<td class="num">(91)<span></span>
</td>
<td class="num">(45)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentContractsLiabilities', window );">Ending balance</a></td>
<td class="nump">CAD 2,487<span></span>
</td>
<td class="nump">CAD 2,644<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InvestmentContractsLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities relating to investment contracts that fall within the scope of IAS 39 or IFRS 9.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InvestmentContractsLiabilities</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of Investment Contract Liabilities [Line Items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfInvestmentContractLiabilitiesLineItems</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToFees">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase Decrease In Investment Contracts Liabilities Due To Fees</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToFees</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase decrease in investment contracts liabilities due to impact of changes in foreign exchange rates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToImpactOfChangesInForeignExchangeRates</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase decrease in Investment contracts liabilities due to new policies.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToNewPolicies</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase Decrease In Investment Contracts Liabilities Due To Other Activities</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToOtherActivities</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToWithdrawals">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase Decrease In Investment Contracts Liabilities Due To Withdrawals</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesDueToWithdrawals</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesMeasuredDueToInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase Decrease In Investment Contracts Liabilities Measured Due To Interest</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncreaseDecreaseInInvestmentContractsLiabilitiesMeasuredDueToInterest</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialLiabilitiesAxis=ifrs-full_FinancialLiabilitiesAtAmortisedCostMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
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</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>132
<FILENAME>R103.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6924802288">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Investment Contract Liabilities - Summary of Contractual Obligations and Commitments Relating to Investment Contracts (Detail)<br> CAD in Millions</strong></div></th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>CAD</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentContractLiabilitiesLineItems', window );"><strong>Disclosure of Investment Contract Liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ContractualObligationsAndCommitmentsInvestmentContracts', window );">Contractual obligations and commitments</a></td>
<td class="nump">CAD 5,244<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Less than 1 year [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentContractLiabilitiesLineItems', window );"><strong>Disclosure of Investment Contract Liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ContractualObligationsAndCommitmentsInvestmentContracts', window );">Contractual obligations and commitments</a></td>
<td class="nump">283<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember', window );">1 to 3 years [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentContractLiabilitiesLineItems', window );"><strong>Disclosure of Investment Contract Liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ContractualObligationsAndCommitmentsInvestmentContracts', window );">Contractual obligations and commitments</a></td>
<td class="nump">536<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember', window );">3 to 5 years [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentContractLiabilitiesLineItems', window );"><strong>Disclosure of Investment Contract Liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ContractualObligationsAndCommitmentsInvestmentContracts', window );">Contractual obligations and commitments</a></td>
<td class="nump">481<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsMember', window );">Over 5 years [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInvestmentContractLiabilitiesLineItems', window );"><strong>Disclosure of Investment Contract Liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ContractualObligationsAndCommitmentsInvestmentContracts', window );">Contractual obligations and commitments</a></td>
<td class="nump">CAD 3,944<span></span>
</td>
</tr>
</table>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Contractual obligations and commitments,investment contracts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ContractualObligationsAndCommitmentsInvestmentContracts</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of Investment Contract Liabilities [Line Items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6934016032">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Risk Management - Summary of Gross Carrying Amount of Financial Instruments Subject to Credit Exposure (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfExternalCreditExposuresLineItems', window );"><strong>Disclosure of external credit grades [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaximumExposureToCreditRisk', window );">Credit exposure</a></td>
<td class="nump">CAD 311,782<span></span>
</td>
<td class="nump">CAD 316,058<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_MortgagesMember', window );">Mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfExternalCreditExposuresLineItems', window );"><strong>Disclosure of external credit grades [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaximumExposureToCreditRisk', window );">Credit exposure</a></td>
<td class="nump">44,742<span></span>
</td>
<td class="nump">44,193<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_PrivatePlacementsMember', window );">Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfExternalCreditExposuresLineItems', window );"><strong>Disclosure of external credit grades [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaximumExposureToCreditRisk', window );">Credit exposure</a></td>
<td class="nump">32,132<span></span>
</td>
<td class="nump">29,729<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=us-gaap_PolicyLoansMember', window );">Policy loans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfExternalCreditExposuresLineItems', window );"><strong>Disclosure of external credit grades [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaximumExposureToCreditRisk', window );">Credit exposure</a></td>
<td class="nump">5,808<span></span>
</td>
<td class="nump">6,041<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_LoansToBankClientsMember', window );">Loans to Bank clients [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfExternalCreditExposuresLineItems', window );"><strong>Disclosure of external credit grades [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaximumExposureToCreditRisk', window );">Credit exposure</a></td>
<td class="nump">1,737<span></span>
</td>
<td class="nump">1,745<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_DerivativesAssetsMember', window );">Derivative Assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfExternalCreditExposuresLineItems', window );"><strong>Disclosure of external credit grades [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaximumExposureToCreditRisk', window );">Credit exposure</a></td>
<td class="nump">15,569<span></span>
</td>
<td class="nump">23,672<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_AccruedInvestmentIncomeMember', window );">Accrued investment income [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfExternalCreditExposuresLineItems', window );"><strong>Disclosure of external credit grades [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaximumExposureToCreditRisk', window );">Credit exposure</a></td>
<td class="nump">2,182<span></span>
</td>
<td class="nump">2,260<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ReinsuranceAssetsMember', window );">Reinsurance assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfExternalCreditExposuresLineItems', window );"><strong>Disclosure of external credit grades [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaximumExposureToCreditRisk', window );">Credit exposure</a></td>
<td class="nump">30,359<span></span>
</td>
<td class="nump">34,952<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_OtherFinancialAssetMember', window );">Other financial assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfExternalCreditExposuresLineItems', window );"><strong>Disclosure of external credit grades [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaximumExposureToCreditRisk', window );">Credit exposure</a></td>
<td class="nump">5,253<span></span>
</td>
<td class="nump">4,844<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">FVTPL [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfExternalCreditExposuresLineItems', window );"><strong>Disclosure of external credit grades [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaximumExposureToCreditRisk', window );">Credit exposure</a></td>
<td class="nump">147,024<span></span>
</td>
<td class="nump">140,890<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAvailableforsaleCategoryMember', window );">AFS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfExternalCreditExposuresLineItems', window );"><strong>Disclosure of external credit grades [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaximumExposureToCreditRisk', window );">Credit exposure</a></td>
<td class="nump">CAD 26,976<span></span>
</td>
<td class="nump">CAD 27,732<span></span>
</td>
</tr>
</table>
<div style="display: none;">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfExternalCreditExposuresLineItems</td>
</tr>
<tr>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount that best represents the maximum exposure to credit risk without taking into account any collateral held or other credit enhancements (for example, netting agreements that do not qualify for offset in accordance with IAS 32). [Refer: Credit risk [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 35K<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_35K_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 36<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-02&amp;anchor=para_36_a&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaximumExposureToCreditRisk</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_MortgagesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_MortgagesMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_PrivatePlacementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=us-gaap_PolicyLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=us-gaap_PolicyLoansMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_LoansToBankClientsMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_DerivativesAssetsMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_AccruedInvestmentIncomeMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ReinsuranceAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ReinsuranceAssetsMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_OtherFinancialAssetMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAvailableforsaleCategoryMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6928181472">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Risk Management - Summary of Credit Quality and Carrying Value of Commercial Mortgages and Private Placements (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_CommercialMortgagesMember', window );">Commercial mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">CAD 25,574<span></span>
</td>
<td class="nump">CAD 25,728<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_CommercialMortgagesMember', window );">Commercial mortgages [Member] | Retail [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">8,141<span></span>
</td>
<td class="nump">8,199<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_CommercialMortgagesMember', window );">Commercial mortgages [Member] | Office [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">7,709<span></span>
</td>
<td class="nump">7,324<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_CommercialMortgagesMember', window );">Commercial mortgages [Member] | Multi-family residential [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">4,449<span></span>
</td>
<td class="nump">4,806<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_CommercialMortgagesMember', window );">Commercial mortgages [Member] | Industrial [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">2,583<span></span>
</td>
<td class="nump">2,834<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_CommercialMortgagesMember', window );">Commercial mortgages [Member] | Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">2,692<span></span>
</td>
<td class="nump">2,565<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_AgriculturalMortgagesMember', window );">Agricultural mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">589<span></span>
</td>
<td class="nump">822<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_PrivatePlacementsMember', window );">Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">32,132<span></span>
</td>
<td class="nump">29,729<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_CommercialMortgagesAndPrivatePlacementsMember', window );">Commercial mortgages and private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">58,295<span></span>
</td>
<td class="nump">56,279<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_AAACreditGradesMember', window );">AAA [Member] | Commercial mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">1,085<span></span>
</td>
<td class="nump">1,271<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_AAACreditGradesMember', window );">AAA [Member] | Commercial mortgages [Member] | Retail [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">110<span></span>
</td>
<td class="nump">97<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_AAACreditGradesMember', window );">AAA [Member] | Commercial mortgages [Member] | Office [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">57<span></span>
</td>
<td class="nump">68<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_AAACreditGradesMember', window );">AAA [Member] | Commercial mortgages [Member] | Multi-family residential [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">523<span></span>
</td>
<td class="nump">656<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_AAACreditGradesMember', window );">AAA [Member] | Commercial mortgages [Member] | Industrial [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">33<span></span>
</td>
<td class="nump">22<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_AAACreditGradesMember', window );">AAA [Member] | Commercial mortgages [Member] | Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">362<span></span>
</td>
<td class="nump">428<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_AAACreditGradesMember', window );">AAA [Member] | Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">1,038<span></span>
</td>
<td class="nump">1,086<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_AAACreditGradesMember', window );">AAA [Member] | Commercial mortgages and private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">2,123<span></span>
</td>
<td class="nump">2,357<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_AACreditGradesMember', window );">AA [Member] | Commercial mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">4,901<span></span>
</td>
<td class="nump">4,858<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_AACreditGradesMember', window );">AA [Member] | Commercial mortgages [Member] | Retail [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">1,517<span></span>
</td>
<td class="nump">1,620<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_AACreditGradesMember', window );">AA [Member] | Commercial mortgages [Member] | Office [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">1,272<span></span>
</td>
<td class="nump">1,255<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_AACreditGradesMember', window );">AA [Member] | Commercial mortgages [Member] | Multi-family residential [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">1,395<span></span>
</td>
<td class="nump">1,362<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_AACreditGradesMember', window );">AA [Member] | Commercial mortgages [Member] | Industrial [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">386<span></span>
</td>
<td class="nump">360<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_AACreditGradesMember', window );">AA [Member] | Commercial mortgages [Member] | Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">331<span></span>
</td>
<td class="nump">261<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_AACreditGradesMember', window );">AA [Member] | Agricultural mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">159<span></span>
</td>
<td class="nump">151<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_AACreditGradesMember', window );">AA [Member] | Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">4,246<span></span>
</td>
<td class="nump">4,466<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_AACreditGradesMember', window );">AA [Member] | Commercial mortgages and private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">9,306<span></span>
</td>
<td class="nump">9,475<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_ACreditGradesMember', window );">A [Member] | Commercial mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">13,357<span></span>
</td>
<td class="nump">13,082<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_ACreditGradesMember', window );">A [Member] | Commercial mortgages [Member] | Retail [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">4,363<span></span>
</td>
<td class="nump">4,391<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_ACreditGradesMember', window );">A [Member] | Commercial mortgages [Member] | Office [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">4,635<span></span>
</td>
<td class="nump">3,972<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_ACreditGradesMember', window );">A [Member] | Commercial mortgages [Member] | Multi-family residential [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">1,805<span></span>
</td>
<td class="nump">1,944<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_ACreditGradesMember', window );">A [Member] | Commercial mortgages [Member] | Industrial [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">1,542<span></span>
</td>
<td class="nump">1,452<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_ACreditGradesMember', window );">A [Member] | Commercial mortgages [Member] | Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">1,012<span></span>
</td>
<td class="nump">1,323<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_ACreditGradesMember', window );">A [Member] | Agricultural mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">61<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_ACreditGradesMember', window );">A [Member] | Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">11,978<span></span>
</td>
<td class="nump">10,671<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_ACreditGradesMember', window );">A [Member] | Commercial mortgages and private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">25,335<span></span>
</td>
<td class="nump">23,814<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_BBBCreditGradesMember', window );">BBB [Member] | Commercial mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">5,873<span></span>
</td>
<td class="nump">6,190<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_BBBCreditGradesMember', window );">BBB [Member] | Commercial mortgages [Member] | Retail [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">2,050<span></span>
</td>
<td class="nump">2,084<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_BBBCreditGradesMember', window );">BBB [Member] | Commercial mortgages [Member] | Office [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">1,647<span></span>
</td>
<td class="nump">1,938<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_BBBCreditGradesMember', window );">BBB [Member] | Commercial mortgages [Member] | Multi-family residential [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">726<span></span>
</td>
<td class="nump">844<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_BBBCreditGradesMember', window );">BBB [Member] | Commercial mortgages [Member] | Industrial [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">477<span></span>
</td>
<td class="nump">831<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_BBBCreditGradesMember', window );">BBB [Member] | Commercial mortgages [Member] | Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">973<span></span>
</td>
<td class="nump">493<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_BBBCreditGradesMember', window );">BBB [Member] | Agricultural mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">405<span></span>
</td>
<td class="nump">469<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_BBBCreditGradesMember', window );">BBB [Member] | Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">13,160<span></span>
</td>
<td class="nump">11,606<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_BBBCreditGradesMember', window );">BBB [Member] | Commercial mortgages and private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">19,438<span></span>
</td>
<td class="nump">18,265<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_BBCreditGradesMember', window );">BB [Member] | Commercial mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">273<span></span>
</td>
<td class="nump">284<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_BBCreditGradesMember', window );">BB [Member] | Commercial mortgages [Member] | Retail [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">44<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_BBCreditGradesMember', window );">BB [Member] | Commercial mortgages [Member] | Office [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">70<span></span>
</td>
<td class="nump">55<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_BBCreditGradesMember', window );">BB [Member] | Commercial mortgages [Member] | Industrial [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">145<span></span>
</td>
<td class="nump">169<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_BBCreditGradesMember', window );">BB [Member] | Commercial mortgages [Member] | Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">14<span></span>
</td>
<td class="nump">60<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_BBCreditGradesMember', window );">BB [Member] | Agricultural mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">25<span></span>
</td>
<td class="nump">141<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_BBCreditGradesMember', window );">BB [Member] | Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">717<span></span>
</td>
<td class="nump">936<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_BBCreditGradesMember', window );">BB [Member] | Commercial mortgages and private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">1,015<span></span>
</td>
<td class="nump">1,361<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_BAndLowerCreditGradesMember', window );">B and lower [Member] | Commercial mortgages [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">85<span></span>
</td>
<td class="nump">43<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_BAndLowerCreditGradesMember', window );">B and lower [Member] | Commercial mortgages [Member] | Retail [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">57<span></span>
</td>
<td class="nump">7<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_BAndLowerCreditGradesMember', window );">B and lower [Member] | Commercial mortgages [Member] | Office [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">28<span></span>
</td>
<td class="nump">36<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_BAndLowerCreditGradesMember', window );">B and lower [Member] | Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">993<span></span>
</td>
<td class="nump">964<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_BAndLowerCreditGradesMember', window );">B and lower [Member] | Commercial mortgages and private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems', window );"><strong>Disclosure of credit quality and carrying value of commercial mortgages and private placements [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RatedCreditExposures', window );">Credit quality and carrying value</a></td>
<td class="nump">CAD 1,078<span></span>
</td>
<td class="nump">CAD 1,007<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RatedCreditExposures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of credit exposure that has been rated by external rating agencies. [Refer: Credit exposure]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Note Expiry date 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph IG24<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-02&amp;anchor=para_IG24_c&amp;doctype=Implementation%20Guidance&amp;book=B<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Note Expiry date 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 36<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-02&amp;anchor=para_36_c&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RatedCreditExposures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of credit quality and carrying value of commercial mortgages and private placements line items.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfCreditQualityAndCarryingValueOfCommercialMortgagesAndPrivatePlacementsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_CommercialMortgagesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_CommercialMortgagesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_MajorClassesOfCommercialMortgagesAxis=mfc_RetailMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_MajorClassesOfCommercialMortgagesAxis=mfc_RetailMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_MajorClassesOfCommercialMortgagesAxis=mfc_OfficeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_MajorClassesOfCommercialMortgagesAxis=mfc_OfficeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_MajorClassesOfCommercialMortgagesAxis=mfc_MultifamilyResidentialMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_MajorClassesOfCommercialMortgagesAxis=mfc_MultifamilyResidentialMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_MajorClassesOfCommercialMortgagesAxis=mfc_IndustrialMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_MajorClassesOfCommercialMortgagesAxis=mfc_IndustrialMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_MajorClassesOfCommercialMortgagesAxis=mfc_OtherCommercialMortgagesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_MajorClassesOfCommercialMortgagesAxis=mfc_OtherCommercialMortgagesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_AgriculturalMortgagesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_AgriculturalMortgagesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_PrivatePlacementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_PrivatePlacementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_CommercialMortgagesAndPrivatePlacementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_CommercialMortgagesAndPrivatePlacementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InternalCreditGradesAxis=mfc_AAACreditGradesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InternalCreditGradesAxis=mfc_AAACreditGradesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InternalCreditGradesAxis=mfc_AACreditGradesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InternalCreditGradesAxis=mfc_AACreditGradesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InternalCreditGradesAxis=mfc_ACreditGradesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InternalCreditGradesAxis=mfc_ACreditGradesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InternalCreditGradesAxis=mfc_BBBCreditGradesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InternalCreditGradesAxis=mfc_BBBCreditGradesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InternalCreditGradesAxis=mfc_BBCreditGradesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InternalCreditGradesAxis=mfc_BBCreditGradesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InternalCreditGradesAxis=mfc_BAndLowerCreditGradesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InternalCreditGradesAxis=mfc_BAndLowerCreditGradesMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6934983408">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Risk Management - Summary of Carrying Value of Residential Mortgages and Loans to Bank Clients (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityLineItems', window );"><strong>Disclosure of Credit Quality [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfResidentialMortgagesAndLoansToBankClients', window );">Carrying value of residential mortgages and loans to bank clients</a></td>
<td class="nump">CAD 20,316<span></span>
</td>
<td class="nump">CAD 19,388<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ResidentialMortgagesMember', window );">Residential mortgages [Member] | Performing [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityLineItems', window );"><strong>Disclosure of Credit Quality [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfResidentialMortgagesAndLoansToBankClients', window );">Carrying value of residential mortgages and loans to bank clients</a></td>
<td class="nump">18,566<span></span>
</td>
<td class="nump">17,624<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ResidentialMortgagesMember', window );">Residential mortgages [Member] | Non-performing [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityLineItems', window );"><strong>Disclosure of Credit Quality [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfResidentialMortgagesAndLoansToBankClients', window );">Carrying value of residential mortgages and loans to bank clients</a></td>
<td class="nump">13<span></span>
</td>
<td class="nump">19<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_LoansToBankClientsMember', window );">Loans to Bank clients [Member] | Performing [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityLineItems', window );"><strong>Disclosure of Credit Quality [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfResidentialMortgagesAndLoansToBankClients', window );">Carrying value of residential mortgages and loans to bank clients</a></td>
<td class="nump">1,734<span></span>
</td>
<td class="nump">1,743<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_LoansToBankClientsMember', window );">Loans to Bank clients [Member] | Non-performing [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityLineItems', window );"><strong>Disclosure of Credit Quality [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfResidentialMortgagesAndLoansToBankClients', window );">Carrying value of residential mortgages and loans to bank clients</a></td>
<td class="nump">3<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_InsuredMember', window );">Insured [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityLineItems', window );"><strong>Disclosure of Credit Quality [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfResidentialMortgagesAndLoansToBankClients', window );">Carrying value of residential mortgages and loans to bank clients</a></td>
<td class="nump">7,260<span></span>
</td>
<td class="nump">7,580<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_InsuredMember', window );">Insured [Member] | Residential mortgages [Member] | Performing [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityLineItems', window );"><strong>Disclosure of Credit Quality [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfResidentialMortgagesAndLoansToBankClients', window );">Carrying value of residential mortgages and loans to bank clients</a></td>
<td class="nump">7,256<span></span>
</td>
<td class="nump">7,574<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_InsuredMember', window );">Insured [Member] | Residential mortgages [Member] | Non-performing [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityLineItems', window );"><strong>Disclosure of Credit Quality [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfResidentialMortgagesAndLoansToBankClients', window );">Carrying value of residential mortgages and loans to bank clients</a></td>
<td class="nump">4<span></span>
</td>
<td class="nump">6<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_UninsuredMember', window );">Uninsured [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityLineItems', window );"><strong>Disclosure of Credit Quality [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfResidentialMortgagesAndLoansToBankClients', window );">Carrying value of residential mortgages and loans to bank clients</a></td>
<td class="nump">13,056<span></span>
</td>
<td class="nump">11,808<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_UninsuredMember', window );">Uninsured [Member] | Residential mortgages [Member] | Performing [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityLineItems', window );"><strong>Disclosure of Credit Quality [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfResidentialMortgagesAndLoansToBankClients', window );">Carrying value of residential mortgages and loans to bank clients</a></td>
<td class="nump">11,310<span></span>
</td>
<td class="nump">10,050<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_UninsuredMember', window );">Uninsured [Member] | Residential mortgages [Member] | Non-performing [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityLineItems', window );"><strong>Disclosure of Credit Quality [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfResidentialMortgagesAndLoansToBankClients', window );">Carrying value of residential mortgages and loans to bank clients</a></td>
<td class="nump">9<span></span>
</td>
<td class="nump">13<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_UninsuredMember', window );">Uninsured [Member] | Loans to Bank clients [Member] | Performing [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityLineItems', window );"><strong>Disclosure of Credit Quality [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfResidentialMortgagesAndLoansToBankClients', window );">Carrying value of residential mortgages and loans to bank clients</a></td>
<td class="nump">1,734<span></span>
</td>
<td class="nump">1,743<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_UninsuredMember', window );">Uninsured [Member] | Loans to Bank clients [Member] | Non-performing [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCreditQualityLineItems', window );"><strong>Disclosure of Credit Quality [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfResidentialMortgagesAndLoansToBankClients', window );">Carrying value of residential mortgages and loans to bank clients</a></td>
<td class="nump">CAD 3<span></span>
</td>
<td class="nump">CAD 2<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_CarryingValueOfResidentialMortgagesAndLoansToBankClients">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The carrying amount of residential mortgages and bank clients loans.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_CarryingValueOfResidentialMortgagesAndLoansToBankClients</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfCreditQualityLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of Credit Quality [Line Items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfCreditQualityLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ResidentialMortgagesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ResidentialMortgagesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PerformanceObligationsAxis=mfc_PerformingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PerformanceObligationsAxis=mfc_PerformingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PerformanceObligationsAxis=mfc_NonperformingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PerformanceObligationsAxis=mfc_NonperformingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_LoansToBankClientsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_LoansToBankClientsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfInsuranceContractsAxis=mfc_InsuredMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfInsuranceContractsAxis=mfc_InsuredMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td></td>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfInsuranceContractsAxis=mfc_UninsuredMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td>na</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>136
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<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6897872544">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Risk Management - Additional Information (Detail)<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>CAD</div>
</th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>CAD</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfRiskManagementLineItems', window );"><strong>Disclosure of Risk Management [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PercentageOfMortgagePortfolio', window );">Percentage of total mortgage portfolio</a></td>
<td class="nump">17.00%<span></span>
</td>
<td class="nump">17.00%<span></span>
</td>
<td class="nump">19.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements', window );">Loaned securities included in invested assets</a></td>
<td class="nump">CAD 17,997,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 26,809,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed', window );">Reverse repurchase transactions recorded as short-term receivables</a></td>
<td class="nump">230,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">250,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent', window );">Repurchase transactions recorded as payables</a></td>
<td class="nump">CAD 228,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">255,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TermOfCreditDefaultSwaps', window );">Term of credit default swaps</a></td>
<td class="text">5 years<span></span>
</td>
<td class="text">5 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CreditDerivativePurchasedCreditProtection1', window );">Credit protection purchased</a></td>
<td class="nump">CAD 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountByWhichLoansOrReceivablesRelatedCreditDerivativesOrSimilarInstrumentsMitigateMaximumExposureToCreditRisk', window );">Mitigated exposure to credit risk</a></td>
<td class="nump">10,138,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">12,781,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets', window );">Largest single counterparty exposure without master netting agreements or the benefit of collateral held</a></td>
<td class="nump">6,760,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">12,031,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements', window );">Largest single counterparty exposure with master netting agreements or the benefit of collateral held</a></td>
<td class="nump">95,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">190,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets', window );">Maximum credit exposure related to derivatives</a></td>
<td class="nump">16,204,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">24,603,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReinsuranceAssets', window );">Reinsurance assets</a></td>
<td class="nump">CAD 30,359,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 34,952,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PercentageCededToReinsurers', window );">Percentage ceded to reinsurers</a></td>
<td class="nump">92.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">92.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ExposureToCreditRiskOffsetByCollateralHeldAsSecurity', window );">Exposure to credit risk</a></td>
<td class="nump">CAD 13,855,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 16,600,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetExposure', window );">Net exposure after offsetting agreements and benefit of fair value of collateral held</a></td>
<td class="nump">16,504,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">18,352,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember', window );">Bottom of range [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfRiskManagementLineItems', window );"><strong>Disclosure of Risk Management [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InsuranceRetentionLimit', window );">Global retention limit | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 30<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember', window );">Top of range [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfRiskManagementLineItems', window );"><strong>Disclosure of Risk Management [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InsuranceRetentionLimit', window );">Global retention limit | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 35<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_DerivativesMember', window );">Derivatives [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfRiskManagementLineItems', window );"><strong>Disclosure of Risk Management [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets', window );">Largest single counterparty exposure without master netting agreements or the benefit of collateral held</a></td>
<td class="nump">2,629,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,891,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements', window );">Largest single counterparty exposure with master netting agreements or the benefit of collateral held</a></td>
<td class="nump">CAD 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExternalCreditGradesAxis=mfc_AACreditGradesOrHigherMember', window );">AA Credit Grades or Higher [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfRiskManagementLineItems', window );"><strong>Disclosure of Risk Management [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DerivativeExposureWithCounterpartiesPercentage', window );">Derivative exposure with counterparties, percentage</a></td>
<td class="nump">20.00%<span></span>
</td>
<td class="nump">20.00%<span></span>
</td>
<td class="nump">22.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfFinancialAssetsAxis=ifrs-full_SecuritiesLendingMember', window );">Securities lending [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfRiskManagementLineItems', window );"><strong>Disclosure of Risk Management [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements', window );">Loaned securities included in invested assets</a></td>
<td class="nump">CAD 1,563,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 1,956,000,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AmountByWhichLoansOrReceivablesRelatedCreditDerivativesOrSimilarInstrumentsMitigateMaximumExposureToCreditRisk">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount by which credit derivatives or similar instruments related to loans or receivables mitigate maximum exposure to credit risk. [Refer: Loans and receivables; Credit risk [member]; Maximum exposure to credit risk; Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 9<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-02&amp;anchor=para_9_b&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AmountByWhichLoansOrReceivablesRelatedCreditDerivativesOrSimilarInstrumentsMitigateMaximumExposureToCreditRisk</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of financial instruments subject to an enforceable master netting arrangement or similar agreement that are not set off against financial assets. [Refer: Financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph IG40D<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_IG40D&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 13C<br> -Subparagraph d<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_13C_d_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gross amount of recognised financial assets that are subject either to offsetting or to an enforceable master netting arrangement or similar agreement. [Refer: Financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 13C<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_13C_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum exposure to the credit risk of financial assets designated as measured at fair value through profit or loss. [Refer: Credit risk [member]; Maximum exposure to credit risk]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 9<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_9_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount remaining after deducting the amounts subject to an enforceable master netting arrangement or similar agreement that were not set off against financial assets, from the net amount of financial assets subject to offsetting or subject to an enforceable master netting arrangement or similar agreement presented in the statement of financial position.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 13C<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_13C_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReinsuranceAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of a cedant&#8217;s net contractual rights under a reinsurance contract.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_37_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReinsuranceAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of instruments sold with the intent to reacquire in repurchase agreements and cash collateral on securities lent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RepurchaseAgreementsAndCashCollateralOnSecuritiesLent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of instruments purchased for resale in reverse repurchase agreements and cash collateral on securities borrowed. [Refer: Repurchase agreements and cash collateral on securities lent]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_CreditDerivativePurchasedCreditProtection1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Credit derivative purchased credit protection.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_CreditDerivativePurchasedCreditProtection1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DerivativeExposureWithCounterpartiesPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Derivative exposure with counterparties percentage.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DerivativeExposureWithCounterpartiesPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfRiskManagementLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfRiskManagementLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ExposureToCreditRiskOffsetByCollateralHeldAsSecurity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Exposure to credit risk offset by collateral held as security.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ExposureToCreditRiskOffsetByCollateralHeldAsSecurity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_InsuranceRetentionLimit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Insurance retention limit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_InsuranceRetentionLimit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NetExposure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net exposure after taking offsetting agreements and the benefit of the fair value of collateral held.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NetExposure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_PercentageCededToReinsurers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage ceded to reinsurers.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_PercentageCededToReinsurers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_PercentageOfMortgagePortfolio">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total mortgage portfolio percentage.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_PercentageOfMortgagePortfolio</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_TermOfCreditDefaultSwaps">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Term of credit default swaps.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_TermOfCreditDefaultSwaps</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_DerivativesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_DerivativesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ExternalCreditGradesAxis=mfc_AACreditGradesOrHigherMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ExternalCreditGradesAxis=mfc_AACreditGradesOrHigherMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfFinancialAssetsAxis=ifrs-full_SecuritiesLendingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfFinancialAssetsAxis=ifrs-full_SecuritiesLendingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6925524400">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Risk Management - Summary of Carrying Value of Past Due but not Impaired and Impaired Financial Assets (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentOfFinancialAssetsAxis=ifrs-full_FinancialAssetsPastDueButNotImpairedMember', window );">Financial assets past due but not impaired [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Carrying value or impaired value, financial assets</a></td>
<td class="nump">CAD 633<span></span>
</td>
<td class="nump">CAD 575<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentOfFinancialAssetsAxis=ifrs-full_FinancialAssetsPastDueButNotImpairedMember', window );">Financial assets past due but not impaired [Member] | Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Carrying value or impaired value, financial assets</a></td>
<td class="nump">363<span></span>
</td>
<td class="nump">279<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentOfFinancialAssetsAxis=ifrs-full_FinancialAssetsPastDueButNotImpairedMember', window );">Financial assets past due but not impaired [Member] | Mortgages and loans to Bank clients [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Carrying value or impaired value, financial assets</a></td>
<td class="nump">92<span></span>
</td>
<td class="nump">70<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentOfFinancialAssetsAxis=ifrs-full_FinancialAssetsPastDueButNotImpairedMember', window );">Financial assets past due but not impaired [Member] | Other financial assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Carrying value or impaired value, financial assets</a></td>
<td class="nump">72<span></span>
</td>
<td class="nump">111<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentOfFinancialAssetsAxis=ifrs-full_FinancialAssetsImpairedMember', window );">Impaired [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Carrying value or impaired value, financial assets</a></td>
<td class="nump">173<span></span>
</td>
<td class="nump">231<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentOfFinancialAssetsAxis=ifrs-full_FinancialAssetsImpairedMember', window );">Impaired [Member] | Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Carrying value or impaired value, financial assets</a></td>
<td class="nump">40<span></span>
</td>
<td class="nump">152<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentOfFinancialAssetsAxis=ifrs-full_FinancialAssetsImpairedMember', window );">Impaired [Member] | Mortgages and loans to Bank clients [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Carrying value or impaired value, financial assets</a></td>
<td class="nump">86<span></span>
</td>
<td class="nump">33<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ImpairmentOfFinancialAssetsAxis=ifrs-full_FinancialAssetsImpairedMember', window );">Impaired [Member] | Other financial assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Carrying value or impaired value, financial assets</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">8<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">FVTPL [Member] | Financial assets past due but not impaired [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Carrying value or impaired value, financial assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">90<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember', window );">FVTPL [Member] | Impaired [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Carrying value or impaired value, financial assets</a></td>
<td class="nump">45<span></span>
</td>
<td class="nump">38<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAvailableforsaleCategoryMember', window );">AFS [Member] | Financial assets past due but not impaired [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Carrying value or impaired value, financial assets</a></td>
<td class="nump">106<span></span>
</td>
<td class="nump">25<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAvailableforsaleCategoryMember', window );">AFS [Member] | Impaired [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Carrying value or impaired value, financial assets</a></td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PastDueStatusAxis=ifrs-full_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember', window );">Less than 90 days [Member] | Financial assets past due but not impaired [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Carrying value or impaired value, financial assets</a></td>
<td class="nump">589<span></span>
</td>
<td class="nump">428<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PastDueStatusAxis=ifrs-full_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember', window );">Less than 90 days [Member] | Financial assets past due but not impaired [Member] | Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Carrying value or impaired value, financial assets</a></td>
<td class="nump">363<span></span>
</td>
<td class="nump">215<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PastDueStatusAxis=ifrs-full_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember', window );">Less than 90 days [Member] | Financial assets past due but not impaired [Member] | Mortgages and loans to Bank clients [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Carrying value or impaired value, financial assets</a></td>
<td class="nump">76<span></span>
</td>
<td class="nump">50<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PastDueStatusAxis=ifrs-full_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember', window );">Less than 90 days [Member] | Financial assets past due but not impaired [Member] | Other financial assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Carrying value or impaired value, financial assets</a></td>
<td class="nump">46<span></span>
</td>
<td class="nump">57<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PastDueStatusAxis=ifrs-full_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember', window );">Less than 90 days [Member] | FVTPL [Member] | Financial assets past due but not impaired [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Carrying value or impaired value, financial assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">90<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PastDueStatusAxis=ifrs-full_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember', window );">Less than 90 days [Member] | AFS [Member] | Financial assets past due but not impaired [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
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<td class="nump">16<span></span>
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
</td>
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<td class="text">&#160;<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6900428048">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Risk Management - Summary of Company's Loans Considered Impaired (Detail) - Financial assets impaired loan [Member] - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Net carrying value</a></td>
<td class="nump">CAD 126<span></span>
</td>
<td class="nump">CAD 185<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_PrivatePlacementsMember', window );">Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Net carrying value</a></td>
<td class="nump">40<span></span>
</td>
<td class="nump">152<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_MortgagesAndLoansToBankClientsMember', window );">Mortgages and loans to Bank clients [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Net carrying value</a></td>
<td class="nump">86<span></span>
</td>
<td class="nump">33<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Gross Carrying Value [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Net carrying value</a></td>
<td class="nump">211<span></span>
</td>
<td class="nump">303<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Gross Carrying Value [Member] | Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Net carrying value</a></td>
<td class="nump">79<span></span>
</td>
<td class="nump">244<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_GrossCarryingAmountMember', window );">Gross Carrying Value [Member] | Mortgages and loans to Bank clients [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Net carrying value</a></td>
<td class="nump">132<span></span>
</td>
<td class="nump">59<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedImpairmentMember', window );">Allowances for losses [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Net carrying value</a></td>
<td class="nump">85<span></span>
</td>
<td class="nump">118<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedImpairmentMember', window );">Allowances for losses [Member] | Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Net carrying value</a></td>
<td class="nump">39<span></span>
</td>
<td class="nump">92<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis=ifrs-full_AccumulatedImpairmentMember', window );">Allowances for losses [Member] | Mortgages and loans to Bank clients [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems', window );"><strong>Disclosure of financial assets that are either past due or impaired [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssets', window );">Net carrying value</a></td>
<td class="nump">CAD 46<span></span>
</td>
<td class="nump">CAD 26<span></span>
</td>
</tr>
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<div style="display: none;">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedLineItems</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that are: (a) cash; (b) an equity instrument of another entity; (c) a contractual right: (i) to receive cash or another financial asset from another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or (d) a contract that will, or may be, settled in the entity&#8217;s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to receive a variable number of the entity&#8217;s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity&#8217;s own equity instruments. For this purpose the entity&#8217;s own equity instruments do not include puttable financial instruments classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity&#8217;s own equity instruments. [Refer: Financial instruments, class [member]; Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 35H<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_35H&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 35I<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_35I&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 35M<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_35M&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 35N<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_35N&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6895147728">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Risk Management - Summary of Reconciliation of Allowance for Loan Losses (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfCreditRiskExposureLineItems', window );"><strong>Disclosure of credit risk exposure [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets', window );">Beginning balance</a></td>
<td class="nump">CAD 118<span></span>
</td>
<td class="nump">CAD 101<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProvisionsAllowanceAccountForCreditLossesOfFinancialAssets', window );">Provisions</a></td>
<td class="nump">35<span></span>
</td>
<td class="nump">126<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReversalAllowanceAccountForCreditLossesOfFinancialAssets', window );">Recoveries</a></td>
<td class="num">(13)<span></span>
</td>
<td class="num">(69)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DecreaseThroughWriteoffFinancialAssets', window );">Write-offs</a></td>
<td class="num">(55)<span></span>
</td>
<td class="num">(40)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets', window );">Ending balance</a></td>
<td class="nump">85<span></span>
</td>
<td class="nump">118<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_PrivatePlacementsMember', window );">Private placements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfCreditRiskExposureLineItems', window );"><strong>Disclosure of credit risk exposure [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets', window );">Beginning balance</a></td>
<td class="nump">92<span></span>
</td>
<td class="nump">72<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProvisionsAllowanceAccountForCreditLossesOfFinancialAssets', window );">Provisions</a></td>
<td class="nump">2<span></span>
</td>
<td class="nump">112<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReversalAllowanceAccountForCreditLossesOfFinancialAssets', window );">Recoveries</a></td>
<td class="num">(12)<span></span>
</td>
<td class="num">(62)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DecreaseThroughWriteoffFinancialAssets', window );">Write-offs</a></td>
<td class="num">(43)<span></span>
</td>
<td class="num">(30)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets', window );">Ending balance</a></td>
<td class="nump">39<span></span>
</td>
<td class="nump">92<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_MortgagesAndLoansToBankClientsMember', window );">Mortgages and loans to Bank clients [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfCreditRiskExposureLineItems', window );"><strong>Disclosure of credit risk exposure [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets', window );">Beginning balance</a></td>
<td class="nump">26<span></span>
</td>
<td class="nump">29<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProvisionsAllowanceAccountForCreditLossesOfFinancialAssets', window );">Provisions</a></td>
<td class="nump">33<span></span>
</td>
<td class="nump">14<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReversalAllowanceAccountForCreditLossesOfFinancialAssets', window );">Recoveries</a></td>
<td class="num">(1)<span></span>
</td>
<td class="num">(7)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DecreaseThroughWriteoffFinancialAssets', window );">Write-offs</a></td>
<td class="num">(12)<span></span>
</td>
<td class="num">(10)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets', window );">Ending balance</a></td>
<td class="nump">CAD 46<span></span>
</td>
<td class="nump">CAD 26<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of an allowance account used to record impairments to financial assets due to credit losses. [Refer: Financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 16<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-02&amp;anchor=para_16&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DecreaseThroughWriteoffFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The decrease in financial assets resulting from write-off. [Refer: Financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph IG20B<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_IG20B&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 35I<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_35I_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 35H<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_35H&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DecreaseThroughWriteoffFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfCreditRiskExposureLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfCreditRiskExposureLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReversalAllowanceAccountForCreditLossesOfFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The decrease in an allowance account for credit losses of financial assets resulting from the reversal of impairment. [Refer: Allowance account for credit losses of financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Note Expiry date 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 16<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-02&amp;anchor=para_16&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReversalAllowanceAccountForCreditLossesOfFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ProvisionsAllowanceAccountForCreditLossesOfFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Provisions, allowance account for credit losses of financial assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ProvisionsAllowanceAccountForCreditLossesOfFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_PrivatePlacementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_PrivatePlacementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_MortgagesAndLoansToBankClientsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_MortgagesAndLoansToBankClientsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6936937056">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Risk Management - Summary of Credit Default Swap Protection Sold (Detail) - CAD<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossLineItems', window );"><strong>Disclosure of information about credit exposures designated as measured at fair value through profit or loss [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">CAD 336,773,000,000<span></span>
</td>
<td class="nump">CAD 370,198,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_CreditDefaultSwapsMember', window );">Credit default swaps [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossLineItems', window );"><strong>Disclosure of information about credit exposures designated as measured at fair value through profit or loss [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">606,000,000<span></span>
</td>
<td class="nump">662,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Fair value</a></td>
<td class="nump">CAD 14,000,000<span></span>
</td>
<td class="nump">CAD 18,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_WeightedAverageMaturityTerm', window );">Weighted average maturity (in years)</a></td>
<td class="text">3 years<span></span>
</td>
<td class="text">4 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_CreditDefaultSwapsMember', window );">Credit default swaps [Member] | AAA [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossLineItems', window );"><strong>Disclosure of information about credit exposures designated as measured at fair value through profit or loss [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">CAD 13,000,000<span></span>
</td>
<td class="nump">CAD 13,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_WeightedAverageMaturityTerm', window );">Weighted average maturity (in years)</a></td>
<td class="text">1 year<span></span>
</td>
<td class="text">2 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_CreditDefaultSwapsMember', window );">Credit default swaps [Member] | AA [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossLineItems', window );"><strong>Disclosure of information about credit exposures designated as measured at fair value through profit or loss [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">CAD 35,000,000<span></span>
</td>
<td class="nump">CAD 37,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Fair value</a></td>
<td class="nump">CAD 1,000,000<span></span>
</td>
<td class="nump">CAD 1,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_WeightedAverageMaturityTerm', window );">Weighted average maturity (in years)</a></td>
<td class="text">2 years<span></span>
</td>
<td class="text">3 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_CreditDefaultSwapsMember', window );">Credit default swaps [Member] | A [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossLineItems', window );"><strong>Disclosure of information about credit exposures designated as measured at fair value through profit or loss [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">CAD 408,000,000<span></span>
</td>
<td class="nump">CAD 457,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Fair value</a></td>
<td class="nump">CAD 10,000,000<span></span>
</td>
<td class="nump">CAD 13,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_WeightedAverageMaturityTerm', window );">Weighted average maturity (in years)</a></td>
<td class="text">3 years<span></span>
</td>
<td class="text">4 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_CreditDefaultSwapsMember', window );">Credit default swaps [Member] | BBB [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossLineItems', window );"><strong>Disclosure of information about credit exposures designated as measured at fair value through profit or loss [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">CAD 150,000,000<span></span>
</td>
<td class="nump">CAD 155,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Fair value</a></td>
<td class="nump">CAD 3,000,000<span></span>
</td>
<td class="nump">CAD 4,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_WeightedAverageMaturityTerm', window );">Weighted average maturity (in years)</a></td>
<td class="text">2 years<span></span>
</td>
<td class="text">3 years<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_CreditDefaultSwapsMember', window );">Credit default swaps [Member] | Single name CDSs [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossLineItems', window );"><strong>Disclosure of information about credit exposures designated as measured at fair value through profit or loss [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Notional amount</a></td>
<td class="nump">CAD 606,000,000<span></span>
</td>
<td class="nump">CAD 662,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsAtFairValue', window );">Fair value</a></td>
<td class="nump">CAD 14,000,000<span></span>
</td>
<td class="nump">CAD 18,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_WeightedAverageMaturityTerm', window );">Weighted average maturity (in years)</a></td>
<td class="text">3 years<span></span>
</td>
<td class="text">4 years<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialAssetsAtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value of financial assets. [Refer: At fair value [member]; Financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialAssetsAtFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NotionalAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The nominal or face amount of a financial instrument, used to calculate payments made on that instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NotionalAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_WeightedAverageMaturityTerm">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average maturity term.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_WeightedAverageMaturityTerm</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_CreditDefaultSwapsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_CreditDefaultSwapsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ExternalCreditGradesAxis=mfc_AAACreditGradesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ExternalCreditGradesAxis=mfc_AAACreditGradesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ExternalCreditGradesAxis=mfc_AACreditGradesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ExternalCreditGradesAxis=mfc_AACreditGradesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ExternalCreditGradesAxis=mfc_ACreditGradesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ExternalCreditGradesAxis=mfc_ACreditGradesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ExternalCreditGradesAxis=mfc_BBBCreditGradesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ExternalCreditGradesAxis=mfc_BBBCreditGradesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ExternalCreditGradesAxis=mfc_CDSCreditMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ExternalCreditGradesAxis=mfc_CDSCreditMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
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<FILENAME>R112.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6900526832">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Risk Management - Summary of Effect of Conditional Master Netting and Similar Arrangements (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesLineItems', window );"><strong>Disclosure of offsetting of financial liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements', window );">Gross amounts of financial instruments presented in the Consolidated Statements of Financial Position</a></td>
<td class="nump">CAD 17,997<span></span>
</td>
<td class="nump">CAD 26,809<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets', window );">Amounts subject to an enforceable master netting arrangement or similar agreements</a></td>
<td class="num">(6,760)<span></span>
</td>
<td class="num">(12,031)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets', window );">Financial and cash collateral pledged (received)</a></td>
<td class="num">(11,142)<span></span>
</td>
<td class="num">(14,588)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements', window );">Net amount including financing trusts</a></td>
<td class="nump">95<span></span>
</td>
<td class="nump">190<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsExcludingFinancingTrusts', window );">Net amounts excluding financing trusts</a></td>
<td class="nump">95<span></span>
</td>
<td class="nump">189<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements', window );">Gross amounts of financial instruments presented in the Consolidated Statements of Financial Position</a></td>
<td class="num">(8,877)<span></span>
</td>
<td class="num">(15,350)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities', window );">Amounts subject to an enforceable master netting arrangement or similar agreements</a></td>
<td class="nump">6,760<span></span>
</td>
<td class="nump">12,031<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities', window );">Financial and cash collateral pledged (received)</a></td>
<td class="nump">1,900<span></span>
</td>
<td class="nump">3,055<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements', window );">Net amount including financing trusts</a></td>
<td class="num">(217)<span></span>
</td>
<td class="num">(264)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsExcludingFinancingTrusts', window );">Net amounts excluding financing trusts</a></td>
<td class="num">(30)<span></span>
</td>
<td class="num">(42)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfFinancialAssetsAxis=mfc_DerivativesAssetsMember', window );">Derivative Assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesLineItems', window );"><strong>Disclosure of offsetting of financial liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements', window );">Gross amounts of financial instruments presented in the Consolidated Statements of Financial Position</a></td>
<td class="nump">16,204<span></span>
</td>
<td class="nump">24,603<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets', window );">Amounts subject to an enforceable master netting arrangement or similar agreements</a></td>
<td class="num">(6,714)<span></span>
</td>
<td class="num">(12,031)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets', window );">Financial and cash collateral pledged (received)</a></td>
<td class="num">(9,395)<span></span>
</td>
<td class="num">(12,382)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements', window );">Net amount including financing trusts</a></td>
<td class="nump">95<span></span>
</td>
<td class="nump">190<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsExcludingFinancingTrusts', window );">Net amounts excluding financing trusts</a></td>
<td class="nump">95<span></span>
</td>
<td class="nump">189<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfFinancialAssetsAxis=ifrs-full_SecuritiesLendingMember', window );">Securities lending [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesLineItems', window );"><strong>Disclosure of offsetting of financial liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements', window );">Gross amounts of financial instruments presented in the Consolidated Statements of Financial Position</a></td>
<td class="nump">1,563<span></span>
</td>
<td class="nump">1,956<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets', window );">Financial and cash collateral pledged (received)</a></td>
<td class="num">(1,563)<span></span>
</td>
<td class="num">(1,956)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfFinancialAssetsAxis=mfc_ReverseRepurchaseAgreementsMember', window );">Reverse repurchase agreements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesLineItems', window );"><strong>Disclosure of offsetting of financial liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements', window );">Gross amounts of financial instruments presented in the Consolidated Statements of Financial Position</a></td>
<td class="nump">230<span></span>
</td>
<td class="nump">250<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets', window );">Amounts subject to an enforceable master netting arrangement or similar agreements</a></td>
<td class="num">(46)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets', window );">Financial and cash collateral pledged (received)</a></td>
<td class="num">(184)<span></span>
</td>
<td class="num">(250)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfFinancialLiabilitiesAxis=mfc_DerivativesLiabilitiesMember', window );">Derivative Liabilities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesLineItems', window );"><strong>Disclosure of offsetting of financial liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements', window );">Gross amounts of financial instruments presented in the Consolidated Statements of Financial Position</a></td>
<td class="num">(8,649)<span></span>
</td>
<td class="num">(15,095)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities', window );">Amounts subject to an enforceable master netting arrangement or similar agreements</a></td>
<td class="nump">6,714<span></span>
</td>
<td class="nump">12,031<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities', window );">Financial and cash collateral pledged (received)</a></td>
<td class="nump">1,718<span></span>
</td>
<td class="nump">2,800<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements', window );">Net amount including financing trusts</a></td>
<td class="num">(217)<span></span>
</td>
<td class="num">(264)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsExcludingFinancingTrusts', window );">Net amounts excluding financing trusts</a></td>
<td class="num">(30)<span></span>
</td>
<td class="num">(42)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfFinancialLiabilitiesAxis=mfc_RepurchaseAgreements1Member', window );">Repurchase agreements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesLineItems', window );"><strong>Disclosure of offsetting of financial liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements', window );">Gross amounts of financial instruments presented in the Consolidated Statements of Financial Position</a></td>
<td class="num">(228)<span></span>
</td>
<td class="num">(255)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities', window );">Amounts subject to an enforceable master netting arrangement or similar agreements</a></td>
<td class="nump">46<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities', window );">Financial and cash collateral pledged (received)</a></td>
<td class="nump">CAD 182<span></span>
</td>
<td class="nump">CAD 255<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash collateral pledged that is subject to an enforceable master netting arrangement or similar agreement and that is not set off against financial liabilities. [Refer: Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph IG40D<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_IG40D&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 13C<br> -Subparagraph d<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_13C_d_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash collateral received that is subject to an enforceable master netting arrangement or similar agreement and that is not set off against financial assets. [Refer: Financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph IG40D<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_IG40D&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 13C<br> -Subparagraph d<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_13C_d_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of financial instruments subject to an enforceable master netting arrangement or similar agreement that are not set off against financial assets. [Refer: Financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph IG40D<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_IG40D&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 13C<br> -Subparagraph d<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_13C_d_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of financial instruments subject to an enforceable master netting arrangement or similar agreement that are not set off against financial liabilities. [Refer: Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph IG40D<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_IG40D&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 13C<br> -Subparagraph d<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_13C_d_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gross amount of recognised financial assets that are subject either to offsetting or to an enforceable master netting arrangement or similar agreement. [Refer: Financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 13C<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_13C_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gross amount of recognised financial liabilities that are subject either to offsetting or to an enforceable master netting arrangement or similar agreement. [Refer: Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 13C<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_13C_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<td style="white-space:nowrap;">ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount remaining after deducting the amounts subject to an enforceable master netting arrangement or similar agreement that were not set off against financial assets, from the net amount of financial assets subject to offsetting or subject to an enforceable master netting arrangement or similar agreement presented in the statement of financial position.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 13C<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_13C_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount remaining after deducting the amounts subject to an enforceable master netting arrangement or similar agreement that were not set off against financial liabilities, from the net amount of financial liabilities subject to offsetting or subject to an enforceable master netting arrangement or similar agreement presented in the statement of financial position.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 13C<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_13C_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net financial assets subject to offsetting enforceable master netting arrangements or similar agreements excluding financing trusts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net financial liabilities subject to offsetting enforceable master netting arrangements or similar agreements excluding financing trusts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6925475312">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Risk Management - Summary of Effect of Conditional Master Netting and Similar Arrangements (Parenthetical) (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOffsettingOfFinancialAssetsAbstract', window );"><strong>Disclosure of offsetting of financial assets [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestReceivable', window );">Accrued interest receivable</a></td>
<td class="nump">CAD 638<span></span>
</td>
<td class="nump">CAD 935<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestPayable', window );">Accrued interest payable</a></td>
<td class="nump">827<span></span>
</td>
<td class="nump">944<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OverCollateralizedOnOverTheCounterDerivativeAssets', window );">Over-collateralized on OTC derivative assets</a></td>
<td class="nump">743<span></span>
</td>
<td class="nump">398<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OverCollateralizedOnOverTheCounterDerivativeLiabilities', window );">Over-collateralized on OTC derivative liabilities</a></td>
<td class="nump">382<span></span>
</td>
<td class="nump">494<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OverCollateralizedOnSecuritiesLendingAndReversePurchaseAgreements', window );">Over-collateralized on securities lending and reverse purchase agreements</a></td>
<td class="nump">79<span></span>
</td>
<td class="nump">107<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OverCollateralizedOnRepurchaseAgreements', window );">Over-collateralized on repurchase agreements</a></td>
<td class="nump">CAD 0<span></span>
</td>
<td class="nump">CAD 1<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfOffsettingOfFinancialAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfOffsettingOfFinancialAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of interest recognised as a liability.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of interest recognised as a receivable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_OverCollateralizedOnOverTheCounterDerivativeAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Over collateralized on over the counter derivative assets</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_OverCollateralizedOnOverTheCounterDerivativeAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_OverCollateralizedOnOverTheCounterDerivativeLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Over collateralized on over the counter derivative liabilities</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_OverCollateralizedOnOverTheCounterDerivativeLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_OverCollateralizedOnRepurchaseAgreements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Over collateralized on repurchase agreements</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_OverCollateralizedOnRepurchaseAgreements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_OverCollateralizedOnSecuritiesLendingAndReversePurchaseAgreements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Over collateralized on securities lending and reverse purchase agreements</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_OverCollateralizedOnSecuritiesLendingAndReversePurchaseAgreements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6889134464">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Risk Management - Summary of the Effect of Unconditional Netting (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesLineItems', window );"><strong>Disclosure of offsetting of financial liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements', window );">Gross amounts of financial instruments</a></td>
<td class="nump">CAD 8,877<span></span>
</td>
<td class="nump">CAD 15,350<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfFinancialLiabilitiesAxis=mfc_CreditLinkedNoteMember', window );">Credit Linked Note [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesLineItems', window );"><strong>Disclosure of offsetting of financial liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements', window );">Gross amounts of financial instruments</a></td>
<td class="nump">461<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities', window );">Amounts subject to an enforceable netting arrangement</a></td>
<td class="num">(461)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition', window );">Net amounts of financial instruments presented in the Consolidated Statements of Financial Position</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfFinancialLiabilitiesAxis=mfc_VariableFundingSurplusNoteMember', window );">Variable Funding Surplus Note [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesLineItems', window );"><strong>Disclosure of offsetting of financial liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements', window );">Gross amounts of financial instruments</a></td>
<td class="num">(461)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities', window );">Amounts subject to an enforceable netting arrangement</a></td>
<td class="nump">461<span></span>
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<td class="text">&#160;<span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition', window );">Net amounts of financial instruments presented in the Consolidated Statements of Financial Position</a></td>
<td class="nump">CAD 0<span></span>
</td>
<td class="text">&#160;<span></span>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AmountsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amounts that are subject to an enforceable master netting arrangement or similar agreement and that are not set off against financial liabilities. [Refer: Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 13C<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_13C_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AmountsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities</td>
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<td>instant</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesLineItems</td>
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<td>na</td>
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<td>duration</td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gross amount of recognised financial liabilities that are subject either to offsetting or to an enforceable master netting arrangement or similar agreement. [Refer: Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 13C<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_13C_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net amount of financial liabilities that are subject either to offsetting or to an enforceable master netting arrangement or similar agreement, presented in the statement of financial position. [Refer: Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 13C<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_13C_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfFinancialLiabilitiesAxis=mfc_CreditLinkedNoteMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfFinancialLiabilitiesAxis=mfc_CreditLinkedNoteMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfFinancialLiabilitiesAxis=mfc_VariableFundingSurplusNoteMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfFinancialLiabilitiesAxis=mfc_VariableFundingSurplusNoteMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
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</table></div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>144
<FILENAME>R115.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6887915584">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Risk Management - Schedule of Risk Concentrations (Detail) - Asset classes and individual investment risks [Member] - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems', window );"><strong>Disclosure of nature and extent of risks arising from financial instruments [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacementsInvestmentPercentage', window );">Debt securities and private placements rated as investment grade BBB or higher</a></td>
<td class="nump">98.00%<span></span>
</td>
<td class="nump">97.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GovernmentDebtSecuritiesPercentage', window );">Government debt securities as a per cent of total debt securities</a></td>
<td class="nump">39.00%<span></span>
</td>
<td class="nump">43.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GovernmentPrivatePlacementsPercentage', window );">Government private placements as a per cent of total private placements</a></td>
<td class="nump">10.00%<span></span>
</td>
<td class="nump">10.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_MaximumExposureToSingleNongovernmentDebtSecurityAndPrivatePlacementIssuer', window );">Highest exposure to a single non-government debt security and private placement issuer</a></td>
<td class="nump">CAD 1,044<span></span>
</td>
<td class="nump">CAD 1,010<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_LargestSingleIssuerOfEquityPortfolioPercentage', window );">Largest single issuer as a per cent of the total equity portfolio</a></td>
<td class="nump">2.00%<span></span>
</td>
<td class="nump">3.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncomeProducingCommercialOfficeProperties', window );">Income producing commercial office properties (2017 - 64% of real estate, 2016 - 65%)</a></td>
<td class="nump">CAD 8,836<span></span>
</td>
<td class="nump">CAD 9,200<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_MaximumConcentrationOfMortgagesAndRealEstate', window );">Largest concentration of mortgages and real estate(2) - Ontario Canada (2017 - 25%, 2016 - 24%)</a></td>
<td class="nump">CAD 14,779<span></span>
</td>
<td class="nump">CAD 13,882<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DebtSecuritiesAndPrivatePlacementsInvestmentPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt securities and private placements investment percentage.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DebtSecuritiesAndPrivatePlacementsInvestmentPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_GovernmentDebtSecuritiesPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Government debt securities percentage.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_GovernmentDebtSecuritiesPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_GovernmentPrivatePlacementsPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Government private placements percentage.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_GovernmentPrivatePlacementsPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_IncomeProducingCommercialOfficeProperties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Income producing commercial office properties.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncomeProducingCommercialOfficeProperties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_LargestSingleIssuerOfEquityPortfolioPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Largest single issuer of equity portfolio percentage.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_LargestSingleIssuerOfEquityPortfolioPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_MaximumConcentrationOfMortgagesAndRealEstate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Maximum concentration of mortgages and real estate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_MaximumConcentrationOfMortgagesAndRealEstate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_MaximumExposureToSingleNongovernmentDebtSecurityAndPrivatePlacementIssuer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Maximum exposure to single nongovernment debt security and private placement issuer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_MaximumExposureToSingleNongovernmentDebtSecurityAndPrivatePlacementIssuer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfRisksAxis=mfc_AssetClassesAndIndividualInvestmentRisksMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=mfc_AssetClassesAndIndividualInvestmentRisksMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>145
<FILENAME>R116.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6886132400">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Risk Management - Schedule of Risk Concentrations (Parenthetical) (Detail)<br></strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=mfc_AssetClassesAndIndividualInvestmentRisksMember', window );">Asset classes and individual investment risks [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems', window );"><strong>Disclosure of nature and extent of risks arising from financial instruments [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncomeProducingCommercialOfficePropertiesPercentage', window );">Income producing commercial office properties, percentage</a></td>
<td class="nump">64.00%<span></span>
</td>
<td class="nump">65.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=mfc_OntarioCanadaMember', window );">Ontario Canada [Member] | Asset classes and individual investment risks [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems', window );"><strong>Disclosure of nature and extent of risks arising from financial instruments [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_MaximumConcentrationOfMortgagesAndRealEstatePercentage', window );">Largest concentration of mortgages and real estate, percentage</a></td>
<td class="nump">25.00%<span></span>
</td>
<td class="nump">24.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExternalCreditGradesAxis=mfc_ACreditGradesMember', window );">A [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems', window );"><strong>Disclosure of nature and extent of risks arising from financial instruments [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentGradeDebtSecuritiesAndPrivatePlacementsRate', window );">Investment grade debt securities and private placements rate</a></td>
<td class="nump">42.00%<span></span>
</td>
<td class="nump">41.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExternalCreditGradesAxis=mfc_AACreditGradesMember', window );">AA [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems', window );"><strong>Disclosure of nature and extent of risks arising from financial instruments [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentGradeDebtSecuritiesAndPrivatePlacementsRate', window );">Investment grade debt securities and private placements rate</a></td>
<td class="nump">16.00%<span></span>
</td>
<td class="nump">14.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExternalCreditGradesAxis=mfc_AAACreditGradesMember', window );">AAA [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems', window );"><strong>Disclosure of nature and extent of risks arising from financial instruments [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentGradeDebtSecuritiesAndPrivatePlacementsRate', window );">Investment grade debt securities and private placements rate</a></td>
<td class="nump">17.00%<span></span>
</td>
<td class="nump">21.00%<span></span>
</td>
</tr>
</table>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td style="white-space:nowrap;">ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Income producing commercial office properties percentage.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncomeProducingCommercialOfficePropertiesPercentage</td>
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<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Investment grade debt securities and private placements rate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_InvestmentGradeDebtSecuritiesAndPrivatePlacementsRate</td>
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<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Maximum concentration of mortgages and real estate, percentage.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_MaximumConcentrationOfMortgagesAndRealEstatePercentage</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=mfc_AssetClassesAndIndividualInvestmentRisksMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=mfc_OntarioCanadaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ExternalCreditGradesAxis=mfc_ACreditGradesMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ExternalCreditGradesAxis=mfc_AACreditGradesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ExternalCreditGradesAxis=mfc_AACreditGradesMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>na</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ExternalCreditGradesAxis=mfc_AAACreditGradesMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>146
<FILENAME>R117.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6933799360">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Risk Management - Schedule of Distribution of Debt Securities and Private Placements Portfolio by Sector and Industry (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDistributionOfDebtSecuritiesAndPrivatePlacementPortfolioBySectorAndIndustryLineItems', window );"><strong>Disclosure of Distribution of Debt Securities and Private Placement Portfolio by Sector and Industry [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacements', window );">Carrying value</a></td>
<td class="nump">CAD 206,132<span></span>
</td>
<td class="nump">CAD 198,351<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacementsPercentage', window );">% of total</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_GonvernmentAndAgencyMember', window );">Government and agency [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDistributionOfDebtSecuritiesAndPrivatePlacementPortfolioBySectorAndIndustryLineItems', window );"><strong>Disclosure of Distribution of Debt Securities and Private Placement Portfolio by Sector and Industry [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacements', window );">Carrying value</a></td>
<td class="nump">CAD 71,888<span></span>
</td>
<td class="nump">CAD 76,020<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacementsPercentage', window );">% of total</a></td>
<td class="nump">35.00%<span></span>
</td>
<td class="nump">38.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_UtilitiesMember', window );">Utilities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDistributionOfDebtSecuritiesAndPrivatePlacementPortfolioBySectorAndIndustryLineItems', window );"><strong>Disclosure of Distribution of Debt Securities and Private Placement Portfolio by Sector and Industry [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacements', window );">Carrying value</a></td>
<td class="nump">CAD 40,568<span></span>
</td>
<td class="nump">CAD 37,561<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacementsPercentage', window );">% of total</a></td>
<td class="nump">20.00%<span></span>
</td>
<td class="nump">19.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_FinancialMember', window );">Financial [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDistributionOfDebtSecuritiesAndPrivatePlacementPortfolioBySectorAndIndustryLineItems', window );"><strong>Disclosure of Distribution of Debt Securities and Private Placement Portfolio by Sector and Industry [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacements', window );">Carrying value</a></td>
<td class="nump">CAD 27,923<span></span>
</td>
<td class="nump">CAD 25,027<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacementsPercentage', window );">% of total</a></td>
<td class="nump">13.00%<span></span>
</td>
<td class="nump">13.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_EnergyMember', window );">Energy [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDistributionOfDebtSecuritiesAndPrivatePlacementPortfolioBySectorAndIndustryLineItems', window );"><strong>Disclosure of Distribution of Debt Securities and Private Placement Portfolio by Sector and Industry [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacements', window );">Carrying value</a></td>
<td class="nump">CAD 16,428<span></span>
</td>
<td class="nump">CAD 15,775<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacementsPercentage', window );">% of total</a></td>
<td class="nump">8.00%<span></span>
</td>
<td class="nump">8.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_IndustrialMember', window );">Industrial [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDistributionOfDebtSecuritiesAndPrivatePlacementPortfolioBySectorAndIndustryLineItems', window );"><strong>Disclosure of Distribution of Debt Securities and Private Placement Portfolio by Sector and Industry [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacements', window );">Carrying value</a></td>
<td class="nump">CAD 14,691<span></span>
</td>
<td class="nump">CAD 13,088<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacementsPercentage', window );">% of total</a></td>
<td class="nump">7.00%<span></span>
</td>
<td class="nump">6.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_NoncyclicalConsumerMember', window );">Consumer (non-cyclical) [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDistributionOfDebtSecuritiesAndPrivatePlacementPortfolioBySectorAndIndustryLineItems', window );"><strong>Disclosure of Distribution of Debt Securities and Private Placement Portfolio by Sector and Industry [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacements', window );">Carrying value</a></td>
<td class="nump">CAD 14,009<span></span>
</td>
<td class="nump">CAD 12,440<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacementsPercentage', window );">% of total</a></td>
<td class="nump">7.00%<span></span>
</td>
<td class="nump">6.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_CyclicalConsumerMember', window );">Consumer (cyclical) [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDistributionOfDebtSecuritiesAndPrivatePlacementPortfolioBySectorAndIndustryLineItems', window );"><strong>Disclosure of Distribution of Debt Securities and Private Placement Portfolio by Sector and Industry [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacements', window );">Carrying value</a></td>
<td class="nump">CAD 5,916<span></span>
</td>
<td class="nump">CAD 4,256<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacementsPercentage', window );">% of total</a></td>
<td class="nump">3.00%<span></span>
</td>
<td class="nump">2.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_SecuritizedMember', window );">Securitized [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDistributionOfDebtSecuritiesAndPrivatePlacementPortfolioBySectorAndIndustryLineItems', window );"><strong>Disclosure of Distribution of Debt Securities and Private Placement Portfolio by Sector and Industry [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacements', window );">Carrying value</a></td>
<td class="nump">CAD 3,577<span></span>
</td>
<td class="nump">CAD 3,514<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacementsPercentage', window );">% of total</a></td>
<td class="nump">2.00%<span></span>
</td>
<td class="nump">2.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_TelecommunicationsMember', window );">Telecommunications [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDistributionOfDebtSecuritiesAndPrivatePlacementPortfolioBySectorAndIndustryLineItems', window );"><strong>Disclosure of Distribution of Debt Securities and Private Placement Portfolio by Sector and Industry [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacements', window );">Carrying value</a></td>
<td class="nump">CAD 3,324<span></span>
</td>
<td class="nump">CAD 3,091<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacementsPercentage', window );">% of total</a></td>
<td class="nump">2.00%<span></span>
</td>
<td class="nump">2.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_BasicMaterialsMember', window );">Basic materials [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDistributionOfDebtSecuritiesAndPrivatePlacementPortfolioBySectorAndIndustryLineItems', window );"><strong>Disclosure of Distribution of Debt Securities and Private Placement Portfolio by Sector and Industry [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacements', window );">Carrying value</a></td>
<td class="nump">CAD 3,248<span></span>
</td>
<td class="nump">CAD 3,387<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacementsPercentage', window );">% of total</a></td>
<td class="nump">2.00%<span></span>
</td>
<td class="nump">2.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_TechnologyMember', window );">Technology [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDistributionOfDebtSecuritiesAndPrivatePlacementPortfolioBySectorAndIndustryLineItems', window );"><strong>Disclosure of Distribution of Debt Securities and Private Placement Portfolio by Sector and Industry [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacements', window );">Carrying value</a></td>
<td class="nump">CAD 2,475<span></span>
</td>
<td class="nump">CAD 2,231<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacementsPercentage', window );">% of total</a></td>
<td class="nump">1.00%<span></span>
</td>
<td class="nump">1.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_MediaAndInternetMember', window );">Media and internet [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDistributionOfDebtSecuritiesAndPrivatePlacementPortfolioBySectorAndIndustryLineItems', window );"><strong>Disclosure of Distribution of Debt Securities and Private Placement Portfolio by Sector and Industry [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacements', window );">Carrying value</a></td>
<td class="nump">CAD 1,136<span></span>
</td>
<td class="nump">CAD 1,175<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacementsPercentage', window );">% of total</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_DiversifiedAndMiscellaneousMember', window );">Diversified and miscellaneous [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDistributionOfDebtSecuritiesAndPrivatePlacementPortfolioBySectorAndIndustryLineItems', window );"><strong>Disclosure of Distribution of Debt Securities and Private Placement Portfolio by Sector and Industry [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesAndPrivatePlacements', window );">Carrying value</a></td>
<td class="nump">CAD 949<span></span>
</td>
<td class="nump">CAD 786<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DebtSecuritiesAndPrivatePlacements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt securities and private placements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DebtSecuritiesAndPrivatePlacements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DebtSecuritiesAndPrivatePlacementsPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt securities and private placements percentage.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DebtSecuritiesAndPrivatePlacementsPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfDistributionOfDebtSecuritiesAndPrivatePlacementPortfolioBySectorAndIndustryLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of Distribution of Debt Securities and Private Placement Portfolio by Sector and Industry [Line Items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfDistributionOfDebtSecuritiesAndPrivatePlacementPortfolioBySectorAndIndustryLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=mfc_GonvernmentAndAgencyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_GonvernmentAndAgencyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_UtilitiesMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_FinancialMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_EnergyMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_IndustrialMember</td>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_CyclicalConsumerMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_TelecommunicationsMember</td>
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<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_TechnologyMember</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6895198848">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Risk Management - Schedule of Geographic Concentration of Insurance and Investment Contract Liabilities, Including Embedded Derivatives (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfConcentrationRiskLineItems', window );"><strong>Disclosure of Concentration Risk [Line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ConcentrationsOfInsuranceRisk', window );">Concentration risk of liabilities</a></td>
<td class="nump">CAD 277,596<span></span>
</td>
<td class="nump">CAD 266,166<span></span>
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</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=mfc_USAndCanadaMember', window );">US and Canada [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfConcentrationRiskLineItems', window );"><strong>Disclosure of Concentration Risk [Line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ConcentrationsOfInsuranceRisk', window );">Concentration risk of liabilities</a></td>
<td class="nump">207,209<span></span>
</td>
<td class="nump">203,809<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=mfc_AsiaAndOtherMember', window );">Asia and Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfConcentrationRiskLineItems', window );"><strong>Disclosure of Concentration Risk [Line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ConcentrationsOfInsuranceRisk', window );">Concentration risk of liabilities</a></td>
<td class="nump">70,387<span></span>
</td>
<td class="nump">62,357<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember', window );">Gross insurance contract liabilities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfConcentrationRiskLineItems', window );"><strong>Disclosure of Concentration Risk [Line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ConcentrationsOfInsuranceRisk', window );">Concentration risk of liabilities</a></td>
<td class="nump">307,955<span></span>
</td>
<td class="nump">301,118<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember', window );">Gross insurance contract liabilities [Member] | US and Canada [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfConcentrationRiskLineItems', window );"><strong>Disclosure of Concentration Risk [Line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ConcentrationsOfInsuranceRisk', window );">Concentration risk of liabilities</a></td>
<td class="nump">237,434<span></span>
</td>
<td class="nump">238,796<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember', window );">Gross insurance contract liabilities [Member] | Asia and Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfConcentrationRiskLineItems', window );"><strong>Disclosure of Concentration Risk [Line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ConcentrationsOfInsuranceRisk', window );">Concentration risk of liabilities</a></td>
<td class="nump">70,521<span></span>
</td>
<td class="nump">62,322<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_ReinsurersShareOfAmountArisingFromInsuranceContractsMember', window );">Reinsurance assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfConcentrationRiskLineItems', window );"><strong>Disclosure of Concentration Risk [Line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ConcentrationsOfInsuranceRisk', window );">Concentration risk of liabilities</a></td>
<td class="num">(30,359)<span></span>
</td>
<td class="num">(34,952)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_ReinsurersShareOfAmountArisingFromInsuranceContractsMember', window );">Reinsurance assets [Member] | US and Canada [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfConcentrationRiskLineItems', window );"><strong>Disclosure of Concentration Risk [Line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ConcentrationsOfInsuranceRisk', window );">Concentration risk of liabilities</a></td>
<td class="num">(30,225)<span></span>
</td>
<td class="num">(34,987)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_ReinsurersShareOfAmountArisingFromInsuranceContractsMember', window );">Reinsurance assets [Member] | Asia and Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfConcentrationRiskLineItems', window );"><strong>Disclosure of Concentration Risk [Line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ConcentrationsOfInsuranceRisk', window );">Concentration risk of liabilities</a></td>
<td class="num">CAD (134)<span></span>
</td>
<td class="nump">CAD 35<span></span>
</td>
</tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ConcentrationsOfInsuranceRisk">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Concentrations of insurance risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ConcentrationsOfInsuranceRisk</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of Concentration Risk [Line items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfConcentrationRiskLineItems</td>
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<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=mfc_USAndCanadaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=mfc_USAndCanadaMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=mfc_AsiaAndOtherMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_GrossAmountArisingFromInsuranceContractsMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AmountsArisingFromInsuranceContractsAxis=ifrs-full_ReinsurersShareOfAmountArisingFromInsuranceContractsMember</td>
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<DOCUMENT>
<TYPE>XML
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<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6898351920">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Long-Term Debt - Carrying Value of Long Term Debt Instruments (Detail)<br> CAD in Millions, $ in Millions</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>CAD</div>
</th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>CAD</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term debt</a></td>
<td class="nump">CAD 4,785<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 5,696<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=mfc_FourPointSevenZeroPercentageSeniorNotesMember', window );">4.70% Senior notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentIssuanceDate2', window );">Issue date</a></td>
<td class="text">Jun. 23,  2016<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentMaturityDate1', window );">Maturity date</a></td>
<td class="text">Jun. 23,  2046<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentParValue', window );">Par value | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term debt</a></td>
<td class="nump">CAD 1,246<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,333<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=mfc_FivePointThreeSevenFivePercentageSeniorNotesMember', window );">5.375% Senior notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentIssuanceDate2', window );">Issue date</a></td>
<td class="text">Mar.  04,  2016<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentMaturityDate1', window );">Maturity date</a></td>
<td class="text">Mar.  04,  2046<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentParValue', window );">Par value | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">750<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term debt</a></td>
<td class="nump">CAD 928<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">994<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=mfc_ThreePointFiveTwoSevenPercentageSeniorNotesMember', window );">3.527% Senior notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentIssuanceDate2', window );">Issue date</a></td>
<td class="text">Dec.  02,  2016<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentMaturityDate1', window );">Maturity date</a></td>
<td class="text">Dec.  02,  2026<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentParValue', window );">Par value | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">270<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term debt</a></td>
<td class="nump">CAD 338<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">361<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=mfc_FourPointOneFiveZeroPercentageSeniorNotesMember', window );">4.150% Senior notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentIssuanceDate2', window );">Issue date</a></td>
<td class="text">Mar.  04,  2016<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentMaturityDate1', window );">Maturity date</a></td>
<td class="text">Mar.  04,  2026<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentParValue', window );">Par value | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term debt</a></td>
<td class="nump">CAD 1,246<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,333<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=mfc_FourPointNineZeroPercentageSeniorNotesMember', window );">4.90% Senior notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentIssuanceDate2', window );">Issue date</a></td>
<td class="text">Sep. 17,  2010<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentMaturityDate1', window );">Maturity date</a></td>
<td class="text">Sep. 17,  2020<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentParValue', window );">Par value | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term debt</a></td>
<td class="nump">CAD 626<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">669<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=mfc_SevenPointSevenSixEightPercentageMediumTermNotesMember', window );">7.768% Medium term notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentIssuanceDate2', window );">Issue date</a></td>
<td class="text">Apr.  08,  2009<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentMaturityDate1', window );">Maturity date</a></td>
<td class="text">Apr.  08,  2019<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentParValue', window );">Par value | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">599<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=mfc_FivePointFiveZeroFivePercentageMediumTermNotesMember', window );">5.505% Medium term notes [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentIssuanceDate2', window );">Issue date</a></td>
<td class="text">Jun. 26,  2008<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentMaturityDate1', window );">Maturity date</a></td>
<td class="text">Jun. 26,  2018<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentParValue', window );">Par value | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 400<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term debt</a></td>
<td class="nump">CAD 400<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">400<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=mfc_OtherNotesPayableMember', window );">Other notes payable [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term debt</a></td>
<td class="nump">CAD 1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 7<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The non-current portion of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DebtInstrumentIssuanceDate2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt instrument issuance date2.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DebtInstrumentIssuanceDate2</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DebtInstrumentMaturityDate1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt instrument maturity date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DebtInstrumentMaturityDate1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DebtInstrumentParValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt instrument par value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DebtInstrumentParValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=mfc_FourPointSevenZeroPercentageSeniorNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=mfc_FourPointSevenZeroPercentageSeniorNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=mfc_FivePointThreeSevenFivePercentageSeniorNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=mfc_FivePointThreeSevenFivePercentageSeniorNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=mfc_ThreePointFiveTwoSevenPercentageSeniorNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=mfc_ThreePointFiveTwoSevenPercentageSeniorNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=mfc_FourPointOneFiveZeroPercentageSeniorNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=mfc_FourPointOneFiveZeroPercentageSeniorNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=mfc_FourPointNineZeroPercentageSeniorNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=mfc_FourPointNineZeroPercentageSeniorNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=mfc_SevenPointSevenSixEightPercentageMediumTermNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=mfc_SevenPointSevenSixEightPercentageMediumTermNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=mfc_FivePointFiveZeroFivePercentageMediumTermNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=mfc_FivePointFiveZeroFivePercentageMediumTermNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=mfc_OtherNotesPayableMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=mfc_OtherNotesPayableMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>149
<FILENAME>R120.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6888409600">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Long-Term Debt - Carrying Value of Long Term Debt Instruments (Parenthetical) (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Oct. 06, 2017</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=mfc_FivePointThreeSevenFivePercentageSeniorNotesMember', window );">5.375% Senior notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentBasisPoints', window );">Number of basis points</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.40%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=mfc_ThreePointFiveTwoSevenPercentageSeniorNotesMember', window );">3.527% Senior notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentBasisPoints', window );">Number of basis points</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.20%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=mfc_FourPointOneFiveZeroPercentageSeniorNotesMember', window );">4.150% Senior notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentBasisPoints', window );">Number of basis points</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.35%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=mfc_FourPointNineZeroPercentageSeniorNotesMember', window );">4.90% Senior notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentBasisPoints', window );">Number of basis points</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.35%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=mfc_SevenPointSevenSixEightPercentageMediumTermNotesMember', window );">7.768% Medium term notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtRedemptionPremiumBeforeTax', window );">Early redemption premium before income taxes</a></td>
<td class="nump">CAD 44<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=mfc_MediumTermNotes1Member', window );">Medium Term Notes 1 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentBasisPoints', window );">Number of basis points</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.39%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DebtInstrumentBasisPoints">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt instrument basis points.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DebtInstrumentBasisPoints</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DebtRedemptionPremiumBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt redemption premium before tax.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DebtRedemptionPremiumBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=mfc_FivePointThreeSevenFivePercentageSeniorNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=mfc_FivePointThreeSevenFivePercentageSeniorNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=mfc_ThreePointFiveTwoSevenPercentageSeniorNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=mfc_ThreePointFiveTwoSevenPercentageSeniorNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=mfc_FourPointOneFiveZeroPercentageSeniorNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=mfc_FourPointOneFiveZeroPercentageSeniorNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=mfc_FourPointNineZeroPercentageSeniorNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=mfc_FourPointNineZeroPercentageSeniorNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=mfc_SevenPointSevenSixEightPercentageMediumTermNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=mfc_SevenPointSevenSixEightPercentageMediumTermNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=mfc_MediumTermNotes1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=mfc_MediumTermNotes1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>150
<FILENAME>R121.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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							e.nextSibling.style.display='block';
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</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6888824336">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Long-Term Debt - Additional Information (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestExpenseOnBorrowings', window );">Interest paid on long-term debt</a></td>
<td class="nump">CAD 324<span></span>
</td>
<td class="nump">CAD 191<span></span>
</td>
</tr>
<tr class="rh">
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_LongTermBorrowingsFairValue', window );">Fair value of long-term debt</a></td>
<td class="nump">CAD 5,187<span></span>
</td>
<td class="nump">CAD 6,100<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of interest expense on borrowings. [Refer: Interest expense; Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestExpenseOnBorrowings</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Long term borrowings fair value</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">mfc_LongTermBorrowingsFairValue</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6892880400">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Long-Term Debt - Aggregate Maturities of Long-term Debt (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term debt</a></td>
<td class="nump">CAD 4,785<span></span>
</td>
<td class="nump">CAD 5,696<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Less than 1 year [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term debt</a></td>
<td class="nump">401<span></span>
</td>
<td class="nump">7<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember', window );">One to two years [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">400<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember', window );">Two to three years [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term debt</a></td>
<td class="nump">626<span></span>
</td>
<td class="nump">599<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember', window );">Three to four years [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">669<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsMember', window );">Over 5 years [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems', window );"><strong>Disclosure of detailed information about borrowings [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term debt</a></td>
<td class="nump">CAD 3,758<span></span>
</td>
<td class="nump">CAD 4,021<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The non-current portion of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember</td>
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<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>152
<FILENAME>R123.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6935346352">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Capital Instruments - Schedule of Carrying Value of Capital Instruments (Detail)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="2"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>CAD</div>
</th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>SGD</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>CAD</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Par value</a></td>
<td class="nump">CAD 336,773,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 370,198,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtSecurities', window );">Total</a></td>
<td class="nump">CAD 8,387,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7,180,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_FourPointOneSixFivePercentageSubordinatedDebenturesMember', window );">4.165% MLI Subordinated debentures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRate', window );">Capital instruments interest rate</a></td>
<td class="nump">4.165%<span></span>
</td>
<td class="nump">4.165%<span></span>
</td>
<td class="nump">4.165%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesIssuanceDate', window );">Issuance date</a></td>
<td class="text">Feb. 17,  2012<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentRedemptionDate', window );">Earliest par redemption date</a></td>
<td class="text">Jun.  01,  2017<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesMaturityDate', window );">Maturity date</a></td>
<td class="text">Jun.  01,  2022<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Par value</a></td>
<td class="nump">CAD 500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtSecurities', window );">Total</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">499,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointNineThreeEightPercentageSubordinatedDebenturesMember', window );">3.938% MLI Subordinated debentures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRate', window );">Capital instruments interest rate</a></td>
<td class="nump">3.938%<span></span>
</td>
<td class="nump">3.938%<span></span>
</td>
<td class="nump">3.938%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesIssuanceDate', window );">Issuance date</a></td>
<td class="text">Sep. 21,  2012<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentRedemptionDate', window );">Earliest par redemption date</a></td>
<td class="text">Sep. 21,  2017<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesMaturityDate', window );">Maturity date</a></td>
<td class="text">Sep. 21,  2022<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Par value</a></td>
<td class="nump">CAD 400<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtSecurities', window );">Total</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">407,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointEightOneNinePercentageSubordinatedDebenturesMember', window );">2.819% MLI Subordinated debentures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRate', window );">Capital instruments interest rate</a></td>
<td class="nump">2.819%<span></span>
</td>
<td class="nump">2.819%<span></span>
</td>
<td class="nump">2.819%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesIssuanceDate', window );">Issuance date</a></td>
<td class="text">Feb. 25,  2013<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentRedemptionDate', window );">Earliest par redemption date</a></td>
<td class="text">Feb. 26,  2018<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesMaturityDate', window );">Maturity date</a></td>
<td class="text">Feb. 26,  2023<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Par value</a></td>
<td class="nump">CAD 200<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtSecurities', window );">Total</a></td>
<td class="nump">CAD 200,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">200,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointNineTwoSixPercentageSubordinatedDebenturesMember', window );">2.926% MLI Subordinated debentures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRate', window );">Capital instruments interest rate</a></td>
<td class="nump">2.926%<span></span>
</td>
<td class="nump">2.926%<span></span>
</td>
<td class="nump">2.926%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesIssuanceDate', window );">Issuance date</a></td>
<td class="text">Nov. 29,  2013<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentRedemptionDate', window );">Earliest par redemption date</a></td>
<td class="text">Nov. 29,  2018<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesMaturityDate', window );">Maturity date</a></td>
<td class="text">Nov. 29,  2023<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Par value</a></td>
<td class="nump">CAD 250<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtSecurities', window );">Total</a></td>
<td class="nump">CAD 250,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">249,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointEightOneOnePercentageSubordinatedDebenturesMember', window );">2.811% MLI Subordinated debentures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRate', window );">Capital instruments interest rate</a></td>
<td class="nump">2.811%<span></span>
</td>
<td class="nump">2.811%<span></span>
</td>
<td class="nump">2.811%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesIssuanceDate', window );">Issuance date</a></td>
<td class="text">Feb. 21,  2014<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentRedemptionDate', window );">Earliest par redemption date</a></td>
<td class="text">Feb. 21,  2019<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesMaturityDate', window );">Maturity date</a></td>
<td class="text">Feb. 21,  2024<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Par value</a></td>
<td class="nump">CAD 500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtSecurities', window );">Total</a></td>
<td class="nump">CAD 499,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">499,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_SevenPointFiveThreeFivePercentageSeniorDebentureNotesMember', window );">7.535% MFCT II Senior debenture notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRate', window );">Capital instruments interest rate</a></td>
<td class="nump">7.535%<span></span>
</td>
<td class="nump">7.535%<span></span>
</td>
<td class="nump">7.535%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesIssuanceDate', window );">Issuance date</a></td>
<td class="text">Jul. 10,  2009<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentRedemptionDate', window );">Earliest par redemption date</a></td>
<td class="text">Dec. 31,  2019<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesMaturityDate', window );">Maturity date</a></td>
<td class="text">Dec. 31,  2108<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Par value</a></td>
<td class="nump">CAD 1,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtSecurities', window );">Total</a></td>
<td class="nump">CAD 1,000,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,000,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointSixFourPercentageSubordinatedDebenturesMember', window );">2.64% MLI Subordinated debentures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRate', window );">Capital instruments interest rate</a></td>
<td class="nump">2.64%<span></span>
</td>
<td class="nump">2.64%<span></span>
</td>
<td class="nump">2.64%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesIssuanceDate', window );">Issuance date</a></td>
<td class="text">Dec.  01,  2014<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentRedemptionDate', window );">Earliest par redemption date</a></td>
<td class="text">Jan. 15,  2020<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesMaturityDate', window );">Maturity date</a></td>
<td class="text">Jan. 15,  2025<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Par value</a></td>
<td class="nump">CAD 500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtSecurities', window );">Total</a></td>
<td class="nump">CAD 499,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">499,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointOneZeroPercentageSubordinatedDebenturesMember', window );">2.10% MLI Subordinated debentures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRate', window );">Capital instruments interest rate</a></td>
<td class="nump">2.10%<span></span>
</td>
<td class="nump">2.10%<span></span>
</td>
<td class="nump">2.10%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesIssuanceDate', window );">Issuance date</a></td>
<td class="text">Mar. 10,  2015<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentRedemptionDate', window );">Earliest par redemption date</a></td>
<td class="text">Jun.  01,  2020<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesMaturityDate', window );">Maturity date</a></td>
<td class="text">Jun.  01,  2025<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Par value</a></td>
<td class="nump">CAD 750<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtSecurities', window );">Total</a></td>
<td class="nump">CAD 748,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">747,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointThreeEightNinePercentageSubordinatedDebenturesMember', window );">2.389% MLI Subordinated debentures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRate', window );">Capital instruments interest rate</a></td>
<td class="nump">2.389%<span></span>
</td>
<td class="nump">2.389%<span></span>
</td>
<td class="nump">2.389%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesIssuanceDate', window );">Issuance date</a></td>
<td class="text">Jun.  01,  2015<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentRedemptionDate', window );">Earliest par redemption date</a></td>
<td class="text">Jan.  05,  2021<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesMaturityDate', window );">Maturity date</a></td>
<td class="text">Jan.  05,  2026<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Par value</a></td>
<td class="nump">CAD 350<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtSecurities', window );">Total</a></td>
<td class="nump">CAD 349,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">349,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointEightFivePercentageSubordinatedDebenturesMember', window );">3.85% MFC Subordinated notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRate', window );">Capital instruments interest rate</a></td>
<td class="nump">3.85%<span></span>
</td>
<td class="nump">3.85%<span></span>
</td>
<td class="nump">3.85%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesIssuanceDate', window );">Issuance date</a></td>
<td class="text">May 25,  2016<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentRedemptionDate', window );">Earliest par redemption date</a></td>
<td class="text">May 25,  2021<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesMaturityDate', window );">Maturity date</a></td>
<td class="text">May 25,  2026<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Par value | SGD</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">SGD 500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtSecurities', window );">Total</a></td>
<td class="nump">CAD 467,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">461,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointOneEightOnePercentageSubordinatedDebenturesMember', window );">3.181% MLI Subordinated debentures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRate', window );">Capital instruments interest rate</a></td>
<td class="nump">3.181%<span></span>
</td>
<td class="nump">3.181%<span></span>
</td>
<td class="nump">3.181%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesIssuanceDate', window );">Issuance date</a></td>
<td class="text">Nov. 20,  2015<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentRedemptionDate', window );">Earliest par redemption date</a></td>
<td class="text">Nov. 22,  2022<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesMaturityDate', window );">Maturity date</a></td>
<td class="text">Nov. 22,  2027<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Par value</a></td>
<td class="nump">CAD 1,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtSecurities', window );">Total</a></td>
<td class="nump">CAD 996,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">996,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointZeroFourNinePercentageSubordinatedDebenturesMember', window );">3.049% MFC Subordinated debentures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRate', window );">Capital instruments interest rate</a></td>
<td class="nump">3.049%<span></span>
</td>
<td class="nump">3.049%<span></span>
</td>
<td class="nump">3.049%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesIssuanceDate', window );">Issuance date</a></td>
<td class="text">Aug. 18,  2017<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentRedemptionDate', window );">Earliest par redemption date</a></td>
<td class="text">Aug. 20,  2024<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesMaturityDate', window );">Maturity date</a></td>
<td class="text">Aug. 20,  2029<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Par value</a></td>
<td class="nump">CAD 750<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtSecurities', window );">Total</a></td>
<td class="nump">CAD 746,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointZeroZeroPercentageSubordinatedDebenturesMember', window );">3.00% MFC Subordinated notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRate', window );">Capital instruments interest rate</a></td>
<td class="nump">3.00%<span></span>
</td>
<td class="nump">3.00%<span></span>
</td>
<td class="nump">3.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesIssuanceDate', window );">Issuance date</a></td>
<td class="text">Nov. 21,  2017<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentRedemptionDate', window );">Earliest par redemption date</a></td>
<td class="text">Nov. 21,  2024<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesMaturityDate', window );">Maturity date</a></td>
<td class="text">Nov. 21,  2024<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Par value | SGD</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">SGD 500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtSecurities', window );">Total</a></td>
<td class="nump">CAD 467,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_FourPointZeroSixOnePercentageSubordinatedNotesMember', window );">4.061% MFC Subordinated notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRate', window );">Capital instruments interest rate</a></td>
<td class="nump">4.061%<span></span>
</td>
<td class="nump">4.061%<span></span>
</td>
<td class="nump">4.061%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesIssuanceDate', window );">Issuance date</a></td>
<td class="text">Feb. 24,  2017<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentRedemptionDate', window );">Earliest par redemption date</a></td>
<td class="text">Feb. 24,  2027<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesMaturityDate', window );">Maturity date</a></td>
<td class="text">Feb. 24,  2032<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Par value | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 750<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtSecurities', window );">Total</a></td>
<td class="nump">CAD 935,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_SevenPointThreeSevenFiveSurplusNotesMember', window );">7.375% JHUSA Surplus notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRate', window );">Capital instruments interest rate</a></td>
<td class="nump">7.375%<span></span>
</td>
<td class="nump">7.375%<span></span>
</td>
<td class="nump">7.375%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesIssuanceDate', window );">Issuance date</a></td>
<td class="text">Feb. 25,  1994<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesMaturityDate', window );">Maturity date</a></td>
<td class="text">Feb. 15,  2024<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Par value | $</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 450<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtSecurities', window );">Total</a></td>
<td class="nump">CAD 584,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">627,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_JHFCSubordinatedNotesMember', window );">JHFC subordinated notes [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesIssuanceDate', window );">Issuance date</a></td>
<td class="text">Dec. 14,  2006<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtSecuritiesMaturityDate', window );">Maturity date</a></td>
<td class="text">Dec. 15,  2036<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Par value</a></td>
<td class="nump">CAD 650<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtSecurities', window );">Total</a></td>
<td class="nump">CAD 647,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 647,000,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsInterestRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The interest rate on borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 7<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsInterestRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DebtSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of instruments issued by the entity that represent indebtedness.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DebtSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NotionalAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The nominal or face amount of a financial instrument, used to calculate payments made on that instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NotionalAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_CarryingValueOfCapitalInstrumentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value of capital instruments</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_CarryingValueOfCapitalInstrumentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DebtInstrumentRedemptionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt instrument redemption date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DebtInstrumentRedemptionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DebtSecuritiesIssuanceDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt securities issuance date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DebtSecuritiesIssuanceDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DebtSecuritiesMaturityDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt securities maturity date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DebtSecuritiesMaturityDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_FourPointOneSixFivePercentageSubordinatedDebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_FourPointOneSixFivePercentageSubordinatedDebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointNineThreeEightPercentageSubordinatedDebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointNineThreeEightPercentageSubordinatedDebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointEightOneNinePercentageSubordinatedDebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointEightOneNinePercentageSubordinatedDebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointNineTwoSixPercentageSubordinatedDebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointNineTwoSixPercentageSubordinatedDebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointEightOneOnePercentageSubordinatedDebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointEightOneOnePercentageSubordinatedDebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_SevenPointFiveThreeFivePercentageSeniorDebentureNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_SevenPointFiveThreeFivePercentageSeniorDebentureNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointSixFourPercentageSubordinatedDebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointSixFourPercentageSubordinatedDebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointOneZeroPercentageSubordinatedDebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointOneZeroPercentageSubordinatedDebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointThreeEightNinePercentageSubordinatedDebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointThreeEightNinePercentageSubordinatedDebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointEightFivePercentageSubordinatedDebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointEightFivePercentageSubordinatedDebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointOneEightOnePercentageSubordinatedDebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointOneEightOnePercentageSubordinatedDebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointZeroFourNinePercentageSubordinatedDebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointZeroFourNinePercentageSubordinatedDebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointZeroZeroPercentageSubordinatedDebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointZeroZeroPercentageSubordinatedDebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_FourPointZeroSixOnePercentageSubordinatedNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_FourPointZeroSixOnePercentageSubordinatedNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_SevenPointThreeSevenFiveSurplusNotesMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_JHFCSubordinatedNotesMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<DOCUMENT>
<TYPE>XML
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<FILENAME>R124.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6899510288">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Capital Instruments - Schedule of Carrying Value of Capital Instruments (Parenthetical) (Detail) - USD ($)<br> $ in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRateBasis', window );">Interest rate, basis</a></td>
<td class="text">5-year Singapore Dollar Swap Rate plus a specified number of basis points<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_BorrowingInterestRateResetPeriod', window );">Interest rate reset period</a></td>
<td class="text">5 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointEightFivePercentageSubordinatedDebenturesMember', window );">3.85% MFC Subordinated notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsAdjustmentToInterestRateBasis', window );">Floating interest rate, adjustment to basis</a></td>
<td class="nump">1.97%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointZeroFourNinePercentageSubordinatedDebenturesMember', window );">3.049% MFC Subordinated debentures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRateBasis', window );">Interest rate, basis</a></td>
<td class="text">90-day Bankers' Acceptance rate plus 105 basis points.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsAdjustmentToInterestRateBasis', window );">Floating interest rate, adjustment to basis</a></td>
<td class="nump">1.05%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointZeroZeroPercentageSubordinatedDebenturesMember', window );">3.00% MFC Subordinated notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsAdjustmentToInterestRateBasis', window );">Floating interest rate, adjustment to basis</a></td>
<td class="nump">0.832%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_FourPointZeroSixOnePercentageSubordinatedNotesMember', window );">4.061% MFC Subordinated notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRateBasis', window );">Interest rate, basis</a></td>
<td class="text">5-Year US Dollar Mid-Swap Rate plus 1.647<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsAdjustmentToInterestRateBasis', window );">Floating interest rate, adjustment to basis</a></td>
<td class="nump">1.647%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_BorrowingInterestRateResetPeriod', window );">Interest rate reset period</a></td>
<td class="text">5 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_JHFCSubordinatedNotesMember', window );">JHFC subordinated notes [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRateBasis', window );">Interest rate, basis</a></td>
<td class="text">90-day Bankers&#8217; Acceptance rate plus 0.72%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsAdjustmentToInterestRateBasis', window );">Floating interest rate, adjustment to basis</a></td>
<td class="nump">0.72%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_ManufacturersLifeInsuranceCompanyMember', window );">Manufacturers life insurance company [Member] | 2.819% MLI Subordinated debentures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsInterestRateBasis', window );">Interest rate, basis</a></td>
<td class="text">90-day Bankers&#8217; Acceptance rate plus a specified number of basis points and is payable quarterly<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsAdjustmentToInterestRateBasis', window );">Floating interest rate, adjustment to basis</a></td>
<td class="nump">0.95%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_ManufacturersLifeInsuranceCompanyMember', window );">Manufacturers life insurance company [Member] | 2.926% MLI Subordinated debentures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsAdjustmentToInterestRateBasis', window );">Floating interest rate, adjustment to basis</a></td>
<td class="nump">0.85%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_ManufacturersLifeInsuranceCompanyMember', window );">Manufacturers life insurance company [Member] | 2.811% MLI Subordinated debentures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsAdjustmentToInterestRateBasis', window );">Floating interest rate, adjustment to basis</a></td>
<td class="nump">0.80%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_ManufacturersLifeInsuranceCompanyMember', window );">Manufacturers life insurance company [Member] | 2.64% MLI Subordinated debentures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsAdjustmentToInterestRateBasis', window );">Floating interest rate, adjustment to basis</a></td>
<td class="nump">0.73%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_ManufacturersLifeInsuranceCompanyMember', window );">Manufacturers life insurance company [Member] | 2.10% MLI Subordinated debentures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsAdjustmentToInterestRateBasis', window );">Floating interest rate, adjustment to basis</a></td>
<td class="nump">0.72%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_ManufacturersLifeInsuranceCompanyMember', window );">Manufacturers life insurance company [Member] | 2.389% MLI Subordinated debentures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsAdjustmentToInterestRateBasis', window );">Floating interest rate, adjustment to basis</a></td>
<td class="nump">0.83%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_ManufacturersLifeInsuranceCompanyMember', window );">Manufacturers life insurance company [Member] | 3.181% MLI Subordinated debentures [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsAdjustmentToInterestRateBasis', window );">Floating interest rate, adjustment to basis</a></td>
<td class="nump">1.57%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_ManufacturersLifeInsuranceCompanyMember', window );">Manufacturers life insurance company [Member] | Government of Canada bonds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DebtInstrumentMaturityPeriod', window );">Debt instrument, maturity period</a></td>
<td class="text">5 years<span></span>
</td>
<td class="text">5 years<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsAdjustmentToInterestRateBasis', window );">Floating interest rate, adjustment to basis</a></td>
<td class="nump">5.20%<span></span>
</td>
<td class="nump">5.20%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_ManufacturersLifeInsuranceCompanyMember', window );">Manufacturers life insurance company [Member] | Government of Canada bonds [Member] | Prior to December 31, 2019 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_BondRedemptionVariableRate', window );">Bond redemption variable interest rate</a></td>
<td class="nump">1.0325%<span></span>
</td>
<td class="nump">1.0325%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_ManufacturersLifeInsuranceCompanyMember', window );">Manufacturers life insurance company [Member] | Government of Canada bonds [Member] | After December 31, 2019 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_BondRedemptionVariableRate', window );">Bond redemption variable interest rate</a></td>
<td class="nump">2.065%<span></span>
</td>
<td class="nump">2.065%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_JohnHancockFinancialCorporationMember', window );">John Hancock Financial Corporation [Member] | 7.375% JHUSA Surplus notes [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CarryingValueOfCapitalInstrumentsLineItems', window );"><strong>Carrying value of capital instruments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncrementalUnamortizedFairValue', window );">Unamortized fair value increment</a></td>
<td class="nump">$ 23<span></span>
</td>
<td class="nump">$ 26<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsAdjustmentToInterestRateBasis">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The adjustment to the basis (reference rate) used for calculation of the interest rate on borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 7<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsAdjustmentToInterestRateBasis</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsInterestRateBasis">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The basis (reference rate) used for calculation of the interest rate on borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 7<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_7&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsInterestRateBasis</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_BondRedemptionVariableRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Bond redemption variable rate</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_BondRedemptionVariableRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_BorrowingInterestRateResetPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Borrowing interest rate reset period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_BorrowingInterestRateResetPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_CarryingValueOfCapitalInstrumentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value of capital instruments</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_CarryingValueOfCapitalInstrumentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DebtInstrumentMaturityPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Debt instrument maturity period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DebtInstrumentMaturityPeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_IncrementalUnamortizedFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Incremental unamortized fair value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncrementalUnamortizedFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointEightFivePercentageSubordinatedDebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointEightFivePercentageSubordinatedDebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointZeroFourNinePercentageSubordinatedDebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointZeroFourNinePercentageSubordinatedDebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointZeroZeroPercentageSubordinatedDebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointZeroZeroPercentageSubordinatedDebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_FourPointZeroSixOnePercentageSubordinatedNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_FourPointZeroSixOnePercentageSubordinatedNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_JHFCSubordinatedNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_JHFCSubordinatedNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_ManufacturersLifeInsuranceCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_ManufacturersLifeInsuranceCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointEightOneNinePercentageSubordinatedDebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointEightOneNinePercentageSubordinatedDebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointNineTwoSixPercentageSubordinatedDebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointNineTwoSixPercentageSubordinatedDebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointEightOneOnePercentageSubordinatedDebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointEightOneOnePercentageSubordinatedDebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointSixFourPercentageSubordinatedDebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointSixFourPercentageSubordinatedDebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointOneZeroPercentageSubordinatedDebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointOneZeroPercentageSubordinatedDebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointThreeEightNinePercentageSubordinatedDebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TwoPointThreeEightNinePercentageSubordinatedDebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointOneEightOnePercentageSubordinatedDebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_ThreePointOneEightOnePercentageSubordinatedDebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
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<tr>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_GovernmentOfCanadaBondsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_GovernmentOfCanadaBondsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=mfc_PriorToDecemberThirtyOneTwoThousandNineteenMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=mfc_PriorToDecemberThirtyOneTwoThousandNineteenMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=mfc_AfterDecemberThirtyOneTwoThousandNineteenMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=mfc_AfterDecemberThirtyOneTwoThousandNineteenMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_JohnHancockFinancialCorporationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_JohnHancockFinancialCorporationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_SevenPointThreeSevenFiveSurplusNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_SevenPointThreeSevenFiveSurplusNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>154
<FILENAME>R125.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6889039216">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Capital Instruments - Additional Information (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember', window );">Level 2 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FairValueOfCapitalInstrumentsLineItems', window );"><strong>Fair value of capital instruments [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialLiabilitiesAtAmortisedCost', window );">Capital instruments</a></td>
<td class="nump">CAD 8,636<span></span>
</td>
<td class="nump">CAD 7,417<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialLiabilitiesAtAmortisedCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of financial liabilities at amortised cost. The amortised cost is the amount at which financial liabilities are measured at initial recognition minus principal repayments, plus or minus the cumulative amortisation using the effective interest method of any difference between that initial amount and the maturity amount. [Refer: Financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 8<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-02&amp;anchor=para_8_f&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 8<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_8_g&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialLiabilitiesAtAmortisedCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_FairValueOfCapitalInstrumentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of capital instruments [Line Items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_FairValueOfCapitalInstrumentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>155
<FILENAME>R126.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6899099312">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Share Capital and Earnings Per Share - Summary of Changes in Issued and Outstanding Shares - Preferred Shares (Detail) - CAD<br> shares in Millions, CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balance, beginning of year</a></td>
<td class="nump">CAD 42,823<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balance, end of year</a></td>
<td class="nump">42,163<span></span>
</td>
<td class="nump">CAD 42,823<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_PreferenceSharesMember', window );">Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balance, beginning of year</a></td>
<td class="nump">3,577<span></span>
</td>
<td class="nump">2,693<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IssueOfEquity', window );">Issued, amount</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">900<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ShareIssueRelatedCost', window );">Issuance costs, net of tax</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(16)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balance, end of year</a></td>
<td class="nump">CAD 3,577<span></span>
</td>
<td class="nump">CAD 3,577<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesOutstanding', window );">Balance, beginning of year</a></td>
<td class="nump">146<span></span>
</td>
<td class="nump">110<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesOutstanding', window );">Balance, end of year</a></td>
<td class="nump">146<span></span>
</td>
<td class="nump">146<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesTwentyOnePreferredSharesMember', window );">Class 1, Series 21 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IssueOfEquity', window );">Issued, amount</a></td>
<td class="nump">CAD 0<span></span>
</td>
<td class="nump">CAD 425<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInNumberOfSharesOutstanding', window );">Number of shares, issued</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">17<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesOutstanding', window );">Balance, end of year</a></td>
<td class="nump">17<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesThreePreferredSharesMember', window );">Class 1, Series 3 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments', window );">Converted, amount</a></td>
<td class="nump">CAD 0<span></span>
</td>
<td class="num">CAD (42)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NumberOfSharesConverted', window );">Number of shares, converted</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(2)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesOutstanding', window );">Balance, end of year</a></td>
<td class="nump">6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesFourPreferredSharesMember', window );">Class 1, Series 4 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IssueOfEquity', window );">Issued, amount</a></td>
<td class="nump">CAD 0<span></span>
</td>
<td class="nump">CAD 42<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInNumberOfSharesOutstanding', window );">Number of shares, issued</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesOutstanding', window );">Balance, end of year</a></td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesTwentyThreePreferredSharesMember', window );">Class 1, Series 23 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IssueOfEquity', window );">Issued, amount</a></td>
<td class="nump">CAD 0<span></span>
</td>
<td class="nump">CAD 475<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInNumberOfSharesOutstanding', window );">Number of shares, issued</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">19<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesOutstanding', window );">Balance, end of year</a></td>
<td class="nump">19<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfClassesOfShareCapitalLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
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</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Equity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 24<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Equity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInNumberOfSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the number of shares outstanding. [Refer: Number of shares outstanding]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 79<br> -Subparagraph a<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_79_a_iv&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInNumberOfSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity resulting from the conversion of convertible instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IssueOfEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase in equity through the issue of equity instruments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IssueOfEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares that have been authorised and issued, reduced by treasury shares held. [Refer: Treasury shares]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 79<br> -Subparagraph a<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_79_a_iv&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ShareIssueRelatedCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cost related to the issuance of shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ShareIssueRelatedCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NumberOfSharesConverted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares converted.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NumberOfSharesConverted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_PreferenceSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_PreferenceSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesTwentyOnePreferredSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesTwentyOnePreferredSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesThreePreferredSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesThreePreferredSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesFourPreferredSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesFourPreferredSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesTwentyThreePreferredSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesTwentyThreePreferredSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>156
<FILENAME>R127.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6898293280">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Share Capital and Earnings Per Share - Summary of Further Information on Preferred Shares Outstanding (Detail) - CAD<br> shares in Millions</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Face amount</a></td>
<td class="nump">CAD 336,773,000,000<span></span>
</td>
<td class="nump">CAD 370,198,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesFourPreferredSharesMember', window );">Class 1, Series 4 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesIssueDate', window );">Issue date</a></td>
<td class="text">Jun. 20,  2016<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesOutstanding', window );">Number of shares</a></td>
<td class="nump">2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Face amount</a></td>
<td class="nump">CAD 42,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesOutstandingNetAmount', window );">Net amount</a></td>
<td class="nump">CAD 41,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesThreePreferredSharesMember', window );">Class 1, Series 3 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesIssueDate', window );">Issue date</a></td>
<td class="text">Mar. 11,  2011<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferenceSharesAnnualDividendPercentage', window );">Annual dividend rate</a></td>
<td class="nump">2.178%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferenceSharesEarliestRedemptionDate', window );">Earliest redemption date</a></td>
<td class="text">Jun. 19,  2021<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesOutstanding', window );">Number of shares</a></td>
<td class="nump">6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Face amount</a></td>
<td class="nump">CAD 158,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesOutstandingNetAmount', window );">Net amount</a></td>
<td class="nump">CAD 155,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesFivePreferredSharesMember', window );">Class 1, Series 5 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesIssueDate', window );">Issue date</a></td>
<td class="text">Dec.  06,  2011<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferenceSharesAnnualDividendPercentage', window );">Annual dividend rate</a></td>
<td class="nump">3.891%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferenceSharesEarliestRedemptionDate', window );">Earliest redemption date</a></td>
<td class="text">Dec. 19,  2021<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesOutstanding', window );">Number of shares</a></td>
<td class="nump">8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Face amount</a></td>
<td class="nump">CAD 200,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesOutstandingNetAmount', window );">Net amount</a></td>
<td class="nump">CAD 195,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesSevenPreferredSharesMember', window );">Class 1, Series 7 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesIssueDate', window );">Issue date</a></td>
<td class="text">Feb. 22,  2012<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferenceSharesAnnualDividendPercentage', window );">Annual dividend rate</a></td>
<td class="nump">4.312%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferenceSharesEarliestRedemptionDate', window );">Earliest redemption date</a></td>
<td class="text">Mar. 19,  2022<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesOutstanding', window );">Number of shares</a></td>
<td class="nump">10<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Face amount</a></td>
<td class="nump">CAD 250,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesOutstandingNetAmount', window );">Net amount</a></td>
<td class="nump">CAD 244,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesNinePreferredSharesMember', window );">Class 1, Series 9 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesIssueDate', window );">Issue date</a></td>
<td class="text">May 24,  2012<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferenceSharesAnnualDividendPercentage', window );">Annual dividend rate</a></td>
<td class="nump">4.351%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferenceSharesEarliestRedemptionDate', window );">Earliest redemption date</a></td>
<td class="text">Sep. 19,  2022<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesOutstanding', window );">Number of shares</a></td>
<td class="nump">10<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Face amount</a></td>
<td class="nump">CAD 250,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesOutstandingNetAmount', window );">Net amount</a></td>
<td class="nump">CAD 244,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesElevenPreferredSharesMember', window );">Class 1, Series 11 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesIssueDate', window );">Issue date</a></td>
<td class="text">Dec.  04,  2012<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferenceSharesAnnualDividendPercentage', window );">Annual dividend rate</a></td>
<td class="nump">4.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferenceSharesEarliestRedemptionDate', window );">Earliest redemption date</a></td>
<td class="text">Mar. 19,  2018<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesOutstanding', window );">Number of shares</a></td>
<td class="nump">8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Face amount</a></td>
<td class="nump">CAD 200,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesOutstandingNetAmount', window );">Net amount</a></td>
<td class="nump">CAD 196,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesThirteenPreferredSharesMember', window );">Class 1, Series 13 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesIssueDate', window );">Issue date</a></td>
<td class="text">Jun. 21,  2013<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferenceSharesAnnualDividendPercentage', window );">Annual dividend rate</a></td>
<td class="nump">3.80%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferenceSharesEarliestRedemptionDate', window );">Earliest redemption date</a></td>
<td class="text">Sep. 19,  2018<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesOutstanding', window );">Number of shares</a></td>
<td class="nump">8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Face amount</a></td>
<td class="nump">CAD 200,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesOutstandingNetAmount', window );">Net amount</a></td>
<td class="nump">CAD 196,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesFifteenPreferredSharesMember', window );">Class 1, Series 15 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesIssueDate', window );">Issue date</a></td>
<td class="text">Feb. 25,  2014<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferenceSharesAnnualDividendPercentage', window );">Annual dividend rate</a></td>
<td class="nump">3.90%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferenceSharesEarliestRedemptionDate', window );">Earliest redemption date</a></td>
<td class="text">Jun. 19,  2019<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesOutstanding', window );">Number of shares</a></td>
<td class="nump">8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Face amount</a></td>
<td class="nump">CAD 200,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesOutstandingNetAmount', window );">Net amount</a></td>
<td class="nump">CAD 195,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesSeventeenPreferredSharesMember', window );">Class 1, Series 17 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesIssueDate', window );">Issue date</a></td>
<td class="text">Aug. 15,  2014<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferenceSharesAnnualDividendPercentage', window );">Annual dividend rate</a></td>
<td class="nump">3.90%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferenceSharesEarliestRedemptionDate', window );">Earliest redemption date</a></td>
<td class="text">Dec. 19,  2019<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesOutstanding', window );">Number of shares</a></td>
<td class="nump">14<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Face amount</a></td>
<td class="nump">CAD 350,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesOutstandingNetAmount', window );">Net amount</a></td>
<td class="nump">CAD 343,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesNineteenPreferredSharesMember', window );">Class 1, Series 19 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesIssueDate', window );">Issue date</a></td>
<td class="text">Dec.  03,  2014<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferenceSharesAnnualDividendPercentage', window );">Annual dividend rate</a></td>
<td class="nump">3.80%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferenceSharesEarliestRedemptionDate', window );">Earliest redemption date</a></td>
<td class="text">Mar. 19,  2020<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesOutstanding', window );">Number of shares</a></td>
<td class="nump">10<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Face amount</a></td>
<td class="nump">CAD 250,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesOutstandingNetAmount', window );">Net amount</a></td>
<td class="nump">CAD 246,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesTwentyOnePreferredSharesMember', window );">Class 1, Series 21 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesIssueDate', window );">Issue date</a></td>
<td class="text">Feb. 25,  2016<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferenceSharesAnnualDividendPercentage', window );">Annual dividend rate</a></td>
<td class="nump">5.60%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferenceSharesEarliestRedemptionDate', window );">Earliest redemption date</a></td>
<td class="text">Jun. 19,  2021<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesOutstanding', window );">Number of shares</a></td>
<td class="nump">17<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Face amount</a></td>
<td class="nump">CAD 425,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesOutstandingNetAmount', window );">Net amount</a></td>
<td class="nump">CAD 417,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesTwentyThreePreferredSharesMember', window );">Class 1, Series 23 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesIssueDate', window );">Issue date</a></td>
<td class="text">Nov. 22,  2016<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferenceSharesAnnualDividendPercentage', window );">Annual dividend rate</a></td>
<td class="nump">4.85%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferenceSharesEarliestRedemptionDate', window );">Earliest redemption date</a></td>
<td class="text">Mar. 19,  2022<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesOutstanding', window );">Number of shares</a></td>
<td class="nump">19<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Face amount</a></td>
<td class="nump">CAD 475,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesOutstandingNetAmount', window );">Net amount</a></td>
<td class="nump">CAD 467,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassSeriesTwoPreferredSharesMember', window );">Class A, Series 2 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesIssueDate', window );">Issue date</a></td>
<td class="text">Feb. 18,  2005<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferenceSharesAnnualDividendPercentage', window );">Annual dividend rate</a></td>
<td class="nump">4.65%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesOutstanding', window );">Number of shares</a></td>
<td class="nump">14<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Face amount</a></td>
<td class="nump">CAD 350,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesOutstandingNetAmount', window );">Net amount</a></td>
<td class="nump">CAD 344,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassSeriesThreePreferredSharesMember', window );">Class A, Series 3 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesIssueDate', window );">Issue date</a></td>
<td class="text">Jan.  03,  2006<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferenceSharesAnnualDividendPercentage', window );">Annual dividend rate</a></td>
<td class="nump">4.50%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesOutstanding', window );">Number of shares</a></td>
<td class="nump">12<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Face amount</a></td>
<td class="nump">CAD 300,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesOutstandingNetAmount', window );">Net amount</a></td>
<td class="nump">CAD 294,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_PreferredSharesMember', window );">Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesOutstanding', window );">Number of shares</a></td>
<td class="nump">146<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NotionalAmount', window );">Face amount</a></td>
<td class="nump">CAD 3,650,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesOutstandingNetAmount', window );">Net amount</a></td>
<td class="nump">CAD 3,577,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfClassesOfShareCapitalLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NotionalAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The nominal or face amount of a financial instrument, used to calculate payments made on that instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NotionalAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares that have been authorised and issued, reduced by treasury shares held. [Refer: Treasury shares]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 79<br> -Subparagraph a<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_79_a_iv&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_PreferenceSharesAnnualDividendPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Preference shares annual dividend percentage.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_PreferenceSharesAnnualDividendPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_PreferenceSharesEarliestRedemptionDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Preference shares earliest redemption date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_PreferenceSharesEarliestRedemptionDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_PreferredSharesIssueDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Preferred shares issue date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_PreferredSharesIssueDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_PreferredSharesOutstandingNetAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Preferred shares outstanding net amount.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_PreferredSharesOutstandingNetAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesFourPreferredSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesFourPreferredSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesThreePreferredSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesThreePreferredSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesFivePreferredSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesFivePreferredSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesSevenPreferredSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesSevenPreferredSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesNinePreferredSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesNinePreferredSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesElevenPreferredSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesElevenPreferredSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesThirteenPreferredSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesThirteenPreferredSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesFifteenPreferredSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesFifteenPreferredSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesSeventeenPreferredSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesSeventeenPreferredSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesNineteenPreferredSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesNineteenPreferredSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesTwentyOnePreferredSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesTwentyThreePreferredSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesTwentyThreePreferredSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassSeriesTwoPreferredSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassSeriesThreePreferredSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassSeriesThreePreferredSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_PreferredSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_PreferredSharesMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>157
<FILENAME>R128.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6895639504">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Share Capital and Earnings Per Share - Summary of Further Information on Preferred Shares Outstanding (Parenthetical) (Detail) - CAD / shares<br></strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 19, 2017</div></th>
<th class="th"><div>Mar. 19, 2017</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesFourPreferredSharesMember', window );">Class 1, Series 4 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferenceSharesAnnualDividendRate', window );">Annual dividend rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">Floating<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesFourPreferredSharesMember', window );">Class 1, Series 4 Preferred shares [Member] | Major ordinary share transactions [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_BasisSpreadOnDividendYieldPercentage', window );">Basis spread on dividend rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1.41%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_BasisSpreadOnDividendYieldVariable', window );">Floating dividend rate, description</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">Three month Government of Canada Treasury bill yield plus 1.41%.<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesFourPreferredSharesMember', window );">Class 1, Series 4 Preferred shares [Member] | If redeemed on June 19, 2021 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ParValuePerShare', window );">Price per share</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 25.00<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesFourPreferredSharesMember', window );">Class 1, Series 4 Preferred shares [Member] | If redeemed after June 19, 2021 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ParValuePerShare', window );">Price per share</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 25.50<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesThreePreferredSharesMember', window );">Class 1, Series 3 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesSpecifiedYieldPercentage', window );">Specified yield percentage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1.41%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesFivePreferredSharesMember', window );">Class 1, Series 5 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesSpecifiedYieldPercentage', window );">Specified yield percentage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2.90%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesSevenPreferredSharesMember', window );">Class 1, Series 7 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesSpecifiedYieldPercentage', window );">Specified yield percentage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3.13%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferenceSharesAnnualYieldPercentage', window );">Annual dividend rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4.312%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesNinePreferredSharesMember', window );">Class 1, Series 9 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesSpecifiedYieldPercentage', window );">Specified yield percentage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2.86%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferenceSharesAnnualYieldPercentage', window );">Annual dividend rate</a></td>
<td class="nump">4.351%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesElevenPreferredSharesMember', window );">Class 1, Series 11 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesSpecifiedYieldPercentage', window );">Specified yield percentage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2.61%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesThirteenPreferredSharesMember', window );">Class 1, Series 13 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesSpecifiedYieldPercentage', window );">Specified yield percentage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2.22%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesFifteenPreferredSharesMember', window );">Class 1, Series 15 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesSpecifiedYieldPercentage', window );">Specified yield percentage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2.16%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesSeventeenPreferredSharesMember', window );">Class 1, Series 17 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesSpecifiedYieldPercentage', window );">Specified yield percentage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2.36%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesNineteenPreferredSharesMember', window );">Class 1, Series 19 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesSpecifiedYieldPercentage', window );">Specified yield percentage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2.30%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesTwentyOnePreferredSharesMember', window );">Class 1, Series 21 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesSpecifiedYieldPercentage', window );">Specified yield percentage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4.97%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesTwentyThreePreferredSharesMember', window );">Class 1, Series 23 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredSharesSpecifiedYieldPercentage', window );">Specified yield percentage</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3.83%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfClassesOfShareCapitalLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ParValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The nominal value per share.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 79<br> -Subparagraph a<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_79_a_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ParValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_BasisSpreadOnDividendYieldPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Basis spread on dividend yield percentage.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_BasisSpreadOnDividendYieldPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_BasisSpreadOnDividendYieldVariable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Basis spread on dividend yield variable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_BasisSpreadOnDividendYieldVariable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_PreferenceSharesAnnualDividendRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Preference shares annual dividend rate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_PreferenceSharesAnnualDividendRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_PreferenceSharesAnnualYieldPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Preference shares annual yield percentage.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_PreferenceSharesAnnualYieldPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_PreferredSharesSpecifiedYieldPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Preferred shares specified yield percentage.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_PreferredSharesSpecifiedYieldPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesFourPreferredSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesFourPreferredSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=mfc_IfRedeemedOnJuneNineteenTwentyTwoOneMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=mfc_IfRedeemedOnJuneNineteenTwentyTwoOneMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=mfc_IfRedeemedAfterJuneNineteenTwentyTwoOneMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesThreePreferredSharesMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesSevenPreferredSharesMember</td>
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<tr>
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<tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesNinePreferredSharesMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesElevenPreferredSharesMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesThirteenPreferredSharesMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesFifteenPreferredSharesMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesSeventeenPreferredSharesMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesNineteenPreferredSharesMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesTwentyOnePreferredSharesMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesTwentyThreePreferredSharesMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6888089600">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Share Capital and Earnings Per Share - Summary of Changes in Issued and Outstanding Shares - Common Shares (Detail) - CAD<br> shares in Millions, CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balance, beginning of year</a></td>
<td class="nump">CAD 42,823<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balance, end of year</a></td>
<td class="nump">CAD 42,163<span></span>
</td>
<td class="nump">CAD 42,823<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember', window );">Common shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesOutstanding', window );">Balance, beginning of year</a></td>
<td class="nump">1,975<span></span>
</td>
<td class="nump">1,972<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NumberOfSharesIssuedOnExerciseOfStockOptionsAndDeferredShareUnits', window );">Issued on exercise of stock options and deferred share units</a></td>
<td class="nump">7<span></span>
</td>
<td class="nump">3<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfSharesOutstanding', window );">Balance, end of year</a></td>
<td class="nump">1,982<span></span>
</td>
<td class="nump">1,975<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balance, beginning of year</a></td>
<td class="nump">CAD 22,865<span></span>
</td>
<td class="nump">CAD 22,799<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughExerciseOfOptions', window );">Issued on exercise of stock options and deferred share units</a></td>
<td class="nump">124<span></span>
</td>
<td class="nump">66<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Balance, end of year</a></td>
<td class="nump">CAD 22,989<span></span>
</td>
<td class="nump">CAD 22,865<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfClassesOfShareCapitalLineItems</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 24<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Equity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughExerciseOfOptions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in equity resulting from the exercise of options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughExerciseOfOptions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares that have been authorised and issued, reduced by treasury shares held. [Refer: Treasury shares]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 79<br> -Subparagraph a<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_79_a_iv&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NumberOfSharesIssuedOnExerciseOfStockOptionsAndDeferredShareUnits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares issued on exercise of stock options and deferred share units.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NumberOfSharesIssuedOnExerciseOfStockOptionsAndDeferredShareUnits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6888041584">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Share Capital and Earnings Per Share - Summary of Basic and Diluted Earnings Per Common Share (Detail) - CAD / shares<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EarningsPerShareAbstract', window );"><strong>Earnings per share [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BasicEarningsLossPerShare', window );">Basic earnings per common share</a></td>
<td class="nump">CAD 0.98<span></span>
</td>
<td class="nump">CAD 1.42<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DilutedEarningsLossPerShare', window );">Diluted earnings per common share</a></td>
<td class="nump">CAD 0.98<span></span>
</td>
<td class="nump">CAD 1.41<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BasicEarningsLossPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator) divided by the weighted average number of ordinary shares outstanding during the period (the denominator).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2017-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2017-03-01&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BasicEarningsLossPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DilutedEarningsLossPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of profit (loss) attributable to ordinary equity holders of the parent entity (the numerator), divided by the weighted average number of ordinary shares outstanding during the period (the denominator), both adjusted for the effects of all dilutive potential ordinary shares. [Refer: Ordinary shares [member]; Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2017-01-01<br> -Paragraph 66<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2017-03-01&amp;anchor=para_66&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DilutedEarningsLossPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EarningsPerShareAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EarningsPerShareAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
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<td>xbrli:stringItemType</td>
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<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
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</div>
</body>
</html>
</TEXT>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>160
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<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6887778688">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Share Capital and Earnings Per Share - Summary of Reconciliation of Denominator (Number of Shares) in Calculation of Basic and Diluted Earnings Per Share (Detail) - shares<br> shares in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EarningsPerShareAbstract', window );"><strong>Earnings per share [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageShares', window );">Weighted average number of common shares (in millions)</a></td>
<td class="nump">1,978<span></span>
</td>
<td class="nump">1,973<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares', window );">Dilutive stock-based awards(in millions)</a></td>
<td class="nump">8<span></span>
</td>
<td class="nump">4<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustedWeightedAverageShares', window );">Weighted average number of diluted common shares (in millions)</a></td>
<td class="nump">1,986<span></span>
</td>
<td class="nump">1,977<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustedWeightedAverageShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average number of ordinary shares outstanding plus the weighted average number of ordinary shares that would be issued on the conversion of all the dilutive potential ordinary shares into ordinary shares. [Refer: Ordinary shares [member]; Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2017-01-01<br> -Paragraph 70<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2017-03-01&amp;anchor=para_70_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustedWeightedAverageShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of dilutive potential ordinary shares that relate to the assumed exercise of the entity's share options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2017-01-01<br> -Paragraph 70<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2017-03-01&amp;anchor=para_70_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EarningsPerShareAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EarningsPerShareAbstract</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_WeightedAverageShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of ordinary shares outstanding at the beginning of the period, adjusted by the number of ordinary shares bought back or issued during the period multiplied by a time-weighting factor.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 33<br> -IssueDate 2017-01-01<br> -Paragraph 70<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=33&amp;date=2017-03-01&amp;anchor=para_70_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WeightedAverageShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6909140048">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Share Capital and Earnings Per Share - Summary of Reconciliation of Denominator (Number of Shares) in Calculation of Basic and Diluted Earnings Per Share (Parenthetical) (Detail) - shares<br> shares in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=mfc_ShareBasedPaymentsArrangementsMember', window );">Share based payments arrangements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EarningsPerShareLineItems', window );"><strong>Earnings per share [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AntidilutiveSecuritiesWithPotentialFutureDilutiveEffectNotIncludedInCalculationOfDilutedEarningsPerShare', window );">Anti-dilutive stock-based awards excluded from the calculation of EPS</a></td>
<td class="nump">2<span></span>
</td>
<td class="nump">14<span></span>
</td>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EarningsPerShareLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EarningsPerShareLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_AntidilutiveSecuritiesWithPotentialFutureDilutiveEffectNotIncludedInCalculationOfDilutedEarningsPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Antidilutive securities with potential future dilutive effect not included in calculation of diluted earnings per share.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_AntidilutiveSecuritiesWithPotentialFutureDilutiveEffectNotIncludedInCalculationOfDilutedEarningsPerShare</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=mfc_ShareBasedPaymentsArrangementsMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
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<DOCUMENT>
<TYPE>XML
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<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6891475504">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Share Capital and Earnings Per share - Additional Information (Detail)<br></strong></div></th>
<th class="th">
<div>Feb. 07, 2018 </div>
<div>CAD / shares</div>
</th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember', window );">Common shares [Member] | Major ordinary share transactions [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDividendsLineItems', window );"><strong>Disclosure of Dividends [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare', window );">Dividend declared but not paid</a></td>
<td class="nump">CAD 0.22<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount, per share, of dividends proposed or declared before financial statements were authorised for issue but not recognised as distribution to owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 137<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_137_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfDividendsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of dividends.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfDividendsLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td>xbrli:stringItemType</td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=ifrs-full_OrdinarySharesMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Period Type:</strong></td>
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<DOCUMENT>
<TYPE>XML
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<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6937526544">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Share Capital and Earnings Per share - Schedule of Dividends Payable on Non-cumulative Preferred Shares (Detail) - Major ordinary share transactions [Member]<br></strong></div></th>
<th class="th">
<div>Feb. 21, 2017 </div>
<div>CAD / shares</div>
</th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember', window );">Class 1, Series 11 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDividendsLineItems', window );"><strong>Disclosure of Dividends [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare', window );">Dividend declared but not paid</a></td>
<td class="nump">CAD 0.250000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember', window );">Class 1, Series 13 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDividendsLineItems', window );"><strong>Disclosure of Dividends [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare', window );">Dividend declared but not paid</a></td>
<td class="nump">0.237500<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember', window );">Class 1, Series 15 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDividendsLineItems', window );"><strong>Disclosure of Dividends [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare', window );">Dividend declared but not paid</a></td>
<td class="nump">0.243750<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember', window );">Class 1, Series 17 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDividendsLineItems', window );"><strong>Disclosure of Dividends [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare', window );">Dividend declared but not paid</a></td>
<td class="nump">0.243750<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember', window );">Class 1, Series 19 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDividendsLineItems', window );"><strong>Disclosure of Dividends [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare', window );">Dividend declared but not paid</a></td>
<td class="nump">0.237500<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember', window );">Class 1, Series 21 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDividendsLineItems', window );"><strong>Disclosure of Dividends [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare', window );">Dividend declared but not paid</a></td>
<td class="nump">0.350000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember', window );">Class 1, Series 23 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDividendsLineItems', window );"><strong>Disclosure of Dividends [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare', window );">Dividend declared but not paid</a></td>
<td class="nump">0.303125<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember', window );">Class A, Series 2 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDividendsLineItems', window );"><strong>Disclosure of Dividends [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare', window );">Dividend declared but not paid</a></td>
<td class="nump">0.290630<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember', window );">Class A, Series 3 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDividendsLineItems', window );"><strong>Disclosure of Dividends [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare', window );">Dividend declared but not paid</a></td>
<td class="nump">0.281250<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember', window );">Class 1, Series 3 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDividendsLineItems', window );"><strong>Disclosure of Dividends [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare', window );">Dividend declared but not paid</a></td>
<td class="nump">0.136125<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember', window );">Class 1, Series 4 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDividendsLineItems', window );"><strong>Disclosure of Dividends [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare', window );">Dividend declared but not paid</a></td>
<td class="nump">0.141103<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember', window );">Class 1, Series 5 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDividendsLineItems', window );"><strong>Disclosure of Dividends [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare', window );">Dividend declared but not paid</a></td>
<td class="nump">0.243188<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember', window );">Class 1, Series 7 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDividendsLineItems', window );"><strong>Disclosure of Dividends [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare', window );">Dividend declared but not paid</a></td>
<td class="nump">0.269500<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember', window );">Class 1, Series 9 Preferred shares [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfDividendsLineItems', window );"><strong>Disclosure of Dividends [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare', window );">Dividend declared but not paid</a></td>
<td class="nump">CAD 0.271938<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount, per share, of dividends proposed or declared before financial statements were authorised for issue but not recognised as distribution to owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 137<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_137_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfDividendsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of dividends.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfDividendsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NonadjustingEventsAfterReportingPeriodAxis=ifrs-full_MajorOrdinaryShareTransactionsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesElevenPreferredSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesElevenPreferredSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesThirteenPreferredSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesThirteenPreferredSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesFifteenPreferredSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesFifteenPreferredSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesSeventeenPreferredSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesSeventeenPreferredSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesNineteenPreferredSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesNineteenPreferredSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesTwentyOnePreferredSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesTwentyOnePreferredSharesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesTwentyThreePreferredSharesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesTwentyThreePreferredSharesMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassSeriesTwoPreferredSharesMember</td>
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<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesThreePreferredSharesMember</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesFourPreferredSharesMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesFivePreferredSharesMember</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesSevenPreferredSharesMember</td>
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<td style="white-space:nowrap;">ifrs-full_ClassesOfShareCapitalAxis=mfc_ClassOneSeriesNinePreferredSharesMember</td>
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<DOCUMENT>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6887540928">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Capital Management - Schedule of Consolidated Capital (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalAbstract', window );"><strong>Disclosure of classes of share capital [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Equity', window );">Total equity</a></td>
<td class="nump">CAD 42,163<span></span>
</td>
<td class="nump">CAD 42,823<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AccumulatedOtherComprehensiveIncomeNetGainsLossesOnCashFlowHedges', window );">Adjusted for AOCI loss on cash flow hedges</a></td>
<td class="num">(109)<span></span>
</td>
<td class="num">(232)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_EquityExcludingAccumulatedOtherComprehensiveIncomeOnCashFlowHedges', window );">Total equity excluding AOCI on cash flow hedges</a></td>
<td class="nump">42,272<span></span>
</td>
<td class="nump">43,055<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_LiabilitiesForQualifyingCapitalInstruments', window );">Qualifying capital instruments</a></td>
<td class="nump">8,387<span></span>
</td>
<td class="nump">7,180<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_TotalCapital', window );">Total capital</a></td>
<td class="nump">CAD 50,659<span></span>
</td>
<td class="nump">CAD 50,235<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfClassesOfShareCapitalAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfClassesOfShareCapitalAbstract</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Equity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of residual interest in the assets of the entity after deducting all its liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 24<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_24_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_32_a_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 78<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_78_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Equity</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_AccumulatedOtherComprehensiveIncomeNetGainsLossesOnCashFlowHedges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Accumulated other comprehensive income net gains (losses) on cash flow hedges.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_AccumulatedOtherComprehensiveIncomeNetGainsLossesOnCashFlowHedges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_EquityExcludingAccumulatedOtherComprehensiveIncomeOnCashFlowHedges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Equity excluding accumulated other comprehensive income on cash flow hedges.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_EquityExcludingAccumulatedOtherComprehensiveIncomeOnCashFlowHedges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_LiabilitiesForQualifyingCapitalInstruments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Liabilities for Qualifying Capital Instruments</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_LiabilitiesForQualifyingCapitalInstruments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_TotalCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total Capital</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_TotalCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<DOCUMENT>
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<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6888982384">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Capital Management - Additional Information (Detail)<br></strong></div></th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>CAD</div>
</th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember', window );">Bottom of range [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfClassesOfShareCapitalLineItems', window );"><strong>Disclosure of classes of share capital [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PreferredStockLiquidationPreferenceValue1', window );">Aggregate liquidation entitlement</a></td>
<td class="nump">CAD 200,000,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfClassesOfShareCapitalLineItems</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Preferred stock liquidation preference value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_PreferredStockLiquidationPreferenceValue1</td>
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<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember</td>
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<DOCUMENT>
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<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6899560720">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Stock-Based Compensation - Additional Information (Detail)<br></strong></div></th>
<th class="th" colspan="1">1 Months Ended</th>
<th class="th" colspan="2">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Feb. 28, 2017</div></th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>CAD </div>
<div>Equity </div>
<div>Options </div>
<div>CAD / shares </div>
<div>shares</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>CAD </div>
<div>Equity </div>
<div>Options </div>
<div>CAD / shares</div>
</th>
<th class="th">
<div>Dec. 31, 2015 </div>
<div>Equity</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees', window );">Compensation expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 16,000,000<span></span>
</td>
<td class="nump">CAD 19,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis=mfc_BlackScholesOptionPricingModelMember', window );">Black scholes option pricing model [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageFairValueAtMeasurementDateShareOptionsGranted', window );">Weighted average fair value of options granted</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 5.18<span></span>
</td>
<td class="nump">CAD 3.78<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted', window );">Risk-free interest rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1.25%<span></span>
</td>
<td class="nump">1.50%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted', window );">Dividend yield</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3.00%<span></span>
</td>
<td class="nump">3.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted', window );">Expected volatility</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">29.50%<span></span>
</td>
<td class="nump">29.50%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ExpectedLifeOfShareAwards', window );">Expected life</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">6 years 8 months 12 days<span></span>
</td>
<td class="text">6 years 8 months 12 days<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=mfc_ExecutiveStockOptionPlanMember', window );">Executive Stock Option Plan [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExplanationOfShareOptionsInSharebasedPaymentArrangement', window );">Description of share-based payment arrangement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">The options provide the holder the right to purchase  MFC common shares at an exercise price equal to the higher of the prior day,  prior five-day or prior ten-day average closing market price of the shares on  the Toronto Stock Exchange on the date the options are granted.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SharesReservedForIssueUnderOptionsAndContractsForSaleOfShares', window );">Shares reserved for future issuance | shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">73,600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=mfc_ExecutiveStockOptionPlanMember', window );">Executive Stock Option Plan [Member] | Top of range [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OptionVestingPeriod', window );">Option vesting period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">4 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod1', window );">Option expiration period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">10 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=mfc_DeferredShareUnitsPlansUnderEsopMember', window );">Deferred Share Units under ESOP [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherEquityInstrumentVestingPeriod', window );">Vesting period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">3 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NumberOfCommonSharesToBeReceivedOfPlanOnRetirementOrTermination', window );">Number of common shares to be received on retirement or termination | shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NumberOfOtherEquityInstrumentsIssuedInSharebasedPaymentArrangement', window );">Fair value of equity issued</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement', window );">Number of shares outstanding</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">610,000<span></span>
</td>
<td class="nump">633,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=mfc_DeferredShareUnitsPlansMember', window );">Deferred Share Units [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees', window );">Compensation expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 13,000,000<span></span>
</td>
<td class="nump">CAD 6,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted', window );">Number of equity granted</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">23,000<span></span>
</td>
<td class="nump">14,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NumberOfOtherEquityInstrumentsEntitleHolderToReceivePaymentInCash', window );">Number of other equity instruments entitle holder to receive payment in cash | Options</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,103,000<span></span>
</td>
<td class="nump">1,235,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NumberOfOtherEquityInstrumentEntitleHolderToReceivePaymentInCashOrCommonShares', window );">Number of other equity entitle holder to receive payment in cash or common shares | Options</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">932,000<span></span>
</td>
<td class="nump">814,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesFromSharebasedPaymentTransactions2011', window );">Amount of the liability relating to equity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 53,000,000<span></span>
</td>
<td class="nump">CAD 43,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=mfc_DeferredShareUnitsPlansMember', window );">Deferred Share Units [Member] | Defer receipt of all or part of annual bonus [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted', window );">Number of equity granted</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">27,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=mfc_DeferredShareUnitsPlansMember', window );">Deferred Share Units [Member] | Defer payment of all or part of RSUs or PSUs [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted', window );">Number of equity granted</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">43,000<span></span>
</td>
<td class="nump">83,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=mfc_DeferredShareUnitsPlansMember', window );">Deferred Share Units [Member] | Board of Director [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NumberOfOtherEquityInstrumentsIssuedInSharebasedPaymentArrangement', window );">Fair value of equity issued | Equity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">156,000<span></span>
</td>
<td class="nump">254,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement', window );">Number of shares outstanding | Equity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,645,000<span></span>
</td>
<td class="nump">2,682,000<span></span>
</td>
<td class="nump">2,542,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FairValuePerUnitOtherEquityInstrumentsInShareBasedPaymentArrangement', window );">Fair value of equity granted | CAD / shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 26.22<span></span>
</td>
<td class="nump">CAD 23.91<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=mfc_DeferredShareUnitsPlansMember', window );">Deferred Share Units [Member] | Bottom of range [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherEquityInstrumentVestingPeriod', window );">Vesting period</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">34 months<span></span>
</td>
<td class="text">4 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=mfc_BoardOfDirectorMember', window );">Board of Director [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SharesReservedForIssueUnderOptionsAndContractsForSaleOfShares', window );">Shares reserved for future issuance | shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=mfc_RestrictedShareUnitsMember', window );">Restricted share units (RSUs) [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees', window );">Compensation expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 125,000,000<span></span>
</td>
<td class="nump">CAD 110,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherEquityInstrumentVestingPeriod', window );">Vesting period</a></td>
<td class="text">34 months<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted', window );">Number of equity granted</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,600,000<span></span>
</td>
<td class="nump">7,600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FairValuePerUnitOtherEquityInstrumentsInShareBasedPaymentArrangement', window );">Fair value of equity granted | CAD / shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 26.22<span></span>
</td>
<td class="nump">CAD 23.91<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingDate', window );">Vesting date</a></td>
<td class="text">Dec. 15,  2019<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=mfc_PerformanceShareUnitsMember', window );">Performance share units (PSUs) [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees', window );">Compensation expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 21,000,000<span></span>
</td>
<td class="nump">CAD 9,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherEquityInstrumentVestingPeriod', window );">Vesting period</a></td>
<td class="text">36 months<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted', window );">Number of equity granted</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,000,000<span></span>
</td>
<td class="nump">1,200,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FairValuePerUnitOtherEquityInstrumentsInShareBasedPaymentArrangement', window );">Fair value of equity granted | CAD / shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 26.22<span></span>
</td>
<td class="nump">CAD 23.91<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingDate', window );">Vesting date</a></td>
<td class="text">Feb. 28,  2020<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=mfc_RestrictedShareUnitsAndPerformanceShareUnitsMember', window );">Restricted share units and performance share units [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesFromSharebasedPaymentTransactions2011', window );">Amount of the liability relating to equity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 228,000,000<span></span>
</td>
<td class="nump">CAD 196,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The expected volatility of the share price used to calculate the fair value of the share options granted. Expected volatility is a measure of the amount by which a price is expected to fluctuate during a period. The measure of volatility used in option pricing models is the annualised standard deviation of the continuously compounded rates of return on the share over a period of time.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_47_a_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfExpectedVolatilityShareOptionsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The implied yield currently available on zero-coupon government issues of the country in whose currency the exercise price for share options granted is expressed, with a remaining term equal to the expected term of the option being valued (based on the option's remaining contractual life and taking into account the effects of expected early exercise). [Refer: Government [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_47_a_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The percentage of an expected dividend used to calculate the fair value of share options granted.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_47_a_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ExpectedDividendAsPercentageShareOptionsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense from share-based payment transactions with employees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ExplanationOfShareOptionsInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The description of a share-based payment arrangement that existed at any time during the reporting period. [Refer: Share-based payment arrangements [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ExplanationOfShareOptionsInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LiabilitiesFromSharebasedPaymentTransactions2011">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities arising from share-based payment transactions. Share-based payment transactions are transactions in which the entity: (a) receives goods or services from the supplier of those goods or services (including an employee) in a share-based payment arrangement; or (b) incurs an obligation to settle the transaction with the supplier in a share-based payment arrangement when another group entity receives those goods or services. [Refer: Share-based payment arrangements [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 51<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_51_b_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LiabilitiesFromSharebasedPaymentTransactions2011</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of other equity instruments (ie other than share options) granted in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 47<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_47_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of other equity instruments (ie other than share options) outstanding in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SharesReservedForIssueUnderOptionsAndContractsForSaleOfShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares reserved for issue under options and contracts for the sale of shares.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 79<br> -Subparagraph a<br> -Clause vii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_79_a_vii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SharesReservedForIssueUnderOptionsAndContractsForSaleOfShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_WeightedAverageFairValueAtMeasurementDateShareOptionsGranted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average fair value of share options granted during the period at the measurement date. [Refer: Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 47<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_47_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WeightedAverageFairValueAtMeasurementDateShareOptionsGranted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ExpectedLifeOfShareAwards">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>An expected number of years a share award is existing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ExpectedLifeOfShareAwards</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_FairValuePerUnitOtherEquityInstrumentsInShareBasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value per unit other equity instruments in share based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_FairValuePerUnitOtherEquityInstrumentsInShareBasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NumberOfCommonSharesToBeReceivedOfPlanOnRetirementOrTermination">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of common shares to be received of plan on retirement or termination.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NumberOfCommonSharesToBeReceivedOfPlanOnRetirementOrTermination</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NumberOfOtherEquityInstrumentEntitleHolderToReceivePaymentInCashOrCommonShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of other equity instrument, entitle holder to receive payment in cash or common shares</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NumberOfOtherEquityInstrumentEntitleHolderToReceivePaymentInCashOrCommonShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NumberOfOtherEquityInstrumentsEntitleHolderToReceivePaymentInCash">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of other equity instruments, entitle holder to receive payment in cash</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NumberOfOtherEquityInstrumentsEntitleHolderToReceivePaymentInCash</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of other equity instruments issued in share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Option vesting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_OtherEquityInstrumentVestingPeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Other equity instrument vesting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_OtherEquityInstrumentVestingPeriod</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Balance Type:</strong></td>
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<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sharebased compensation arrangement by sharebased payment award vesting date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ShareBasedCompensationArrangementByShareBasedPaymentAwardVestingDate</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Period from grant date that an equity-based award expires.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis=mfc_BlackScholesOptionPricingModelMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis=mfc_BlackScholesOptionPricingModelMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=mfc_ExecutiveStockOptionPlanMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=mfc_ExecutiveStockOptionPlanMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember</td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=mfc_DeferredShareUnitsPlansUnderEsopMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=mfc_DeferredShareUnitsPlansUnderEsopMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=mfc_DeferredShareUnitsPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=mfc_DeferredShareUnitsPlansMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=mfc_DeferReceiptOfAllOrPartOfAnnualBonusMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=mfc_DeferReceiptOfAllOrPartOfAnnualBonusMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=mfc_DeferPaymentOfAllOrPartOfRSUsOrPSUsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=mfc_DeferPaymentOfAllOrPartOfRSUsOrPSUsMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_BoardOfDirectorMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_BoardOfDirectorMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember</td>
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<tr>
<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=mfc_BoardOfDirectorMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=mfc_BoardOfDirectorMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=mfc_RestrictedShareUnitsMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=mfc_PerformanceShareUnitsMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=mfc_RestrictedShareUnitsAndPerformanceShareUnitsMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td>na</td>
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<DOCUMENT>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<head>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6888428288">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Stock-Based Compensation - Schedule of Options Outstanding (Detail)<br> shares in Millions, pure in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>CAD </div>
<div>shares</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>CAD </div>
<div>shares</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementAbstract', window );"><strong>Disclosure of terms and conditions of share-based payment arrangement [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfOutstandingShareOptions', window );">Number of options, Beginning balance</a></td>
<td class="nump">30<span></span>
</td>
<td class="nump">30<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement', window );">Number of options, Granted</a></td>
<td class="nump">4<span></span>
</td>
<td class="nump">6<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement', window );">Number of options, Exercised</a></td>
<td class="num">(7)<span></span>
</td>
<td class="num">(3)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement', window );">Number of options' Expired</a></td>
<td class="num">(1)<span></span>
</td>
<td class="num">(2)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement', window );">Number of options' Forfeited</a></td>
<td class="num">(1)<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NumberOfShareOutstandingShareOptions', window );">Number of options, Ending balance | shares</a></td>
<td class="nump">25<span></span>
</td>
<td class="nump">30<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement', window );">Number of options, Exercisable, Ending balance</a></td>
<td class="nump">12<span></span>
</td>
<td class="nump">18<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement', window );">Weighted average exercise price, Beginning balance</a></td>
<td class="nump">CAD 19.80<span></span>
</td>
<td class="nump">CAD 20.72<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement', window );">Weighted average exercise price, Granted</a></td>
<td class="nump">24.56<span></span>
</td>
<td class="nump">17.65<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement', window );">Weighted average exercise price, Exercised</a></td>
<td class="nump">16.03<span></span>
</td>
<td class="nump">15.49<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement', window );">Weighted average exercise price, Expired</a></td>
<td class="nump">39.47<span></span>
</td>
<td class="nump">32.92<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement', window );">Weighted average exercise price, Forfeited</a></td>
<td class="nump">20.86<span></span>
</td>
<td class="nump">21.04<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement', window );">Weighted average exercise price, Ending balance</a></td>
<td class="nump">20.45<span></span>
</td>
<td class="nump">19.80<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement', window );">Weighted average exercise price, Exercisable, Ending balance</a></td>
<td class="nump">CAD 19.93<span></span>
</td>
<td class="nump">CAD 20.15<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfOutstandingShareOptions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of share options outstanding in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45_b_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45_b_vi&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfOutstandingShareOptions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of share options exercisable in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause vii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45_b_vii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of share options exercised in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45_b_iv&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of share options expired in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45_b_v&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfShareOptionsExpiredInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of share options forfeited in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45_b_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of share options granted in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45_b_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average exercise price of share options exercisable in a share-based payment arrangement. [Refer: Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause vii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45_b_vii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average exercise price of share options exercised in a share-based payment arrangement. [Refer: Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45_b_iv&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisedInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average exercise price of share options expired in a share-based payment arrangement. [Refer: Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45_b_v&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WeightedAverageExercisePriceOfShareOptionsExpiredInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average exercise price of share options forfeited in a share-based payment arrangement. [Refer: Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45_b_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WeightedAverageExercisePriceOfShareOptionsForfeitedInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average exercise price of share options granted in a share-based payment arrangement. [Refer: Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45_b_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WeightedAverageExercisePriceOfShareOptionsGrantedInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average exercise price of share options outstanding in a share-based payment arrangement. [Refer: Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45_b_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45_b_vi&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NumberOfShareOutstandingShareOptions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of share outstanding share options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NumberOfShareOutstandingShareOptions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>168
<FILENAME>R139.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6902286464">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Stock-Based Compensation - Schedule of Range of Exercise Prices of Outstanding Share Options (Detail)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>CAD</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>CAD</div>
</th>
<th class="th">
<div>Dec. 31, 2015 </div>
<div>CAD</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems', window );"><strong>Disclosure of range of exercise prices of outstanding share options [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfOutstandingShareOptions', window );">Number of options, Options outstanding</a></td>
<td class="nump">25,000,000<span></span>
</td>
<td class="nump">30,000,000<span></span>
</td>
<td class="nump">30,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement', window );">Weighted average exercise price, Options outstanding</a></td>
<td class="nump">CAD 20.45<span></span>
</td>
<td class="nump">CAD 19.80<span></span>
</td>
<td class="nump">CAD 20.72<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions', window );">Weighted average remaining contractual life (in years)</a></td>
<td class="nump">5.44<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement', window );">Number of options, Options exercisable</a></td>
<td class="nump">12,000,000<span></span>
</td>
<td class="nump">18,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement', window );">Weighted average exercise price, Options exercisable</a></td>
<td class="nump">CAD 19.93<span></span>
</td>
<td class="nump">CAD 20.15<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_WeightedAverageRemainingContractualLifeOfExercisableShareOptions', window );">Weighted average remaining contractual life (in years), Options exercisable</a></td>
<td class="nump">2.87<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis=mfc_ExercisePricesRangeOneMember', window );">$11.23 - $20.99 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems', window );"><strong>Disclosure of range of exercise prices of outstanding share options [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfOutstandingShareOptions', window );">Number of options, Options outstanding</a></td>
<td class="nump">14,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement', window );">Weighted average exercise price, Options outstanding</a></td>
<td class="nump">CAD 17.08<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions', window );">Weighted average remaining contractual life (in years)</a></td>
<td class="nump">4.91<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement', window );">Number of options, Options exercisable</a></td>
<td class="nump">9,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement', window );">Weighted average exercise price, Options exercisable</a></td>
<td class="nump">CAD 16.78<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_WeightedAverageRemainingContractualLifeOfExercisableShareOptions', window );">Weighted average remaining contractual life (in years), Options exercisable</a></td>
<td class="nump">3.05<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis=mfc_ExercisePricesRangeTwoMember', window );">$21.00 - $29.99 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems', window );"><strong>Disclosure of range of exercise prices of outstanding share options [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfOutstandingShareOptions', window );">Number of options, Options outstanding</a></td>
<td class="nump">10,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement', window );">Weighted average exercise price, Options outstanding</a></td>
<td class="nump">CAD 22.77<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions', window );">Weighted average remaining contractual life (in years)</a></td>
<td class="nump">6.88<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement', window );">Number of options, Options exercisable</a></td>
<td class="nump">2,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement', window );">Weighted average exercise price, Options exercisable</a></td>
<td class="nump">CAD 21.40<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_WeightedAverageRemainingContractualLifeOfExercisableShareOptions', window );">Weighted average remaining contractual life (in years), Options exercisable</a></td>
<td class="nump">3.77<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis=mfc_ExercisePricesRangeThreeMember', window );">$30.00 - $37.71 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems', window );"><strong>Disclosure of range of exercise prices of outstanding share options [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfOutstandingShareOptions', window );">Number of options, Options outstanding</a></td>
<td class="nump">1,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement', window );">Weighted average exercise price, Options outstanding</a></td>
<td class="nump">CAD 37.71<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions', window );">Weighted average remaining contractual life (in years)</a></td>
<td class="nump">0.14<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement', window );">Number of options, Options exercisable</a></td>
<td class="nump">1,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement', window );">Weighted average exercise price, Options exercisable</a></td>
<td class="nump">CAD 37.71<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_WeightedAverageRemainingContractualLifeOfExercisableShareOptions', window );">Weighted average remaining contractual life (in years), Options exercisable</a></td>
<td class="nump">0.14<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfOutstandingShareOptions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of share options outstanding in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45_b_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45_b_vi&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfOutstandingShareOptions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of share options exercisable in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause vii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45_b_vii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average exercise price of share options exercisable in a share-based payment arrangement. [Refer: Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause vii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45_b_vii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WeightedAverageExercisePriceOfShareOptionsExercisableInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average exercise price of share options outstanding in a share-based payment arrangement. [Refer: Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45_b_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -Subparagraph b<br> -Clause vi<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45_b_vi&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average remaining contractual life of outstanding share options. [Refer: Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WeightedAverageRemainingContractualLifeOfOutstandingShareOptions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_WeightedAverageRemainingContractualLifeOfExercisableShareOptions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Weighted average remaining contractual life of exercisable share options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_WeightedAverageRemainingContractualLifeOfExercisableShareOptions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis=mfc_ExercisePricesRangeOneMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis=mfc_ExercisePricesRangeOneMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis=mfc_ExercisePricesRangeTwoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis=mfc_ExercisePricesRangeTwoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis=mfc_ExercisePricesRangeThreeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<SEQUENCE>169
<FILENAME>R140.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6887689696">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Stock-Based Compensation - Schedule of Other Equity Instruments (Detail) - Deferred Share Units [Member] - Board of Director [Member] - Equity<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems', window );"><strong>Disclosure of range of exercise prices of outstanding share options [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement', window );">Beginning balance</a></td>
<td class="nump">2,682,000<span></span>
</td>
<td class="nump">2,542,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NumberOfOtherEquityInstrumentsIssuedInSharebasedPaymentArrangement', window );">Issued</a></td>
<td class="nump">156,000<span></span>
</td>
<td class="nump">254,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NumberOfOtherEquityInstrumentsReinvestedInSharebasedPaymentArrangement', window );">Reinvested</a></td>
<td class="nump">88,000<span></span>
</td>
<td class="nump">97,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NumberOfOtherEquityInstrumentsRedeemedInSharebasedPaymentArrangement', window );">Redeemed</a></td>
<td class="num">(279,000)<span></span>
</td>
<td class="num">(184,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement', window );">Forfeitures and cancellations</a></td>
<td class="num">(2,000)<span></span>
</td>
<td class="num">(27,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement', window );">Ending balance</a></td>
<td class="nump">2,645,000<span></span>
</td>
<td class="nump">2,682,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of other equity instruments (ie other than share options) forfeited in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
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<td>xbrli:decimalItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of other equity instruments (ie other than share options) outstanding in a share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IFRS<br> -Number 2<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=2&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NumberOfOtherEquityInstrumentsIssuedInSharebasedPaymentArrangement">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of other equity instruments issued in share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NumberOfOtherEquityInstrumentsIssuedInSharebasedPaymentArrangement</td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NumberOfOtherEquityInstrumentsRedeemedInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of other equity instruments redeemed in share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NumberOfOtherEquityInstrumentsRedeemedInSharebasedPaymentArrangement</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NumberOfOtherEquityInstrumentsReinvestedInSharebasedPaymentArrangement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of other equity instruments reinvested in share-based payment arrangement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NumberOfOtherEquityInstrumentsReinvestedInSharebasedPaymentArrangement</td>
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<td>xbrli:decimalItemType</td>
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<td>na</td>
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<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=mfc_DeferredShareUnitsPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfSharebasedPaymentArrangementsAxis=mfc_DeferredShareUnitsPlansMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td>na</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_BoardOfDirectorMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_BoardOfDirectorMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Period Type:</strong></td>
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<DOCUMENT>
<TYPE>XML
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<html>
<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6926818384">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Employee Future Benefits - Additional Information (Detail)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th">
<div>Dec. 31, 2017 </div>
<div>CAD</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_MaximumPercentageOfFinalAveragePayPensionPlansToGlobalPensionObligations', window );">Percentage of final average pay pension plans to global pension obligations</a></td>
<td class="nump">50.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">Plan assets set aside for non-qualified cash balance plan</a></td>
<td class="nump">CAD 0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RecognisedAssetsDefinedBenefitPlan', window );">Assets set aside for plan</a></td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_CanadianPlansMember', window );">Canadian plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan', window );">Estimate of expected cash payments for employee future benefits for the year ending December 31, 2018</a></td>
<td class="nump">CAD 31,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_ReturnseekingAssetsMember', window );">Return-seeking assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DefinedBenefitPlanTargetAssetAllocationPercentage', window );">Target asset allocation for plan</a></td>
<td class="nump">29.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_ReturnseekingAssetsMember', window );">Return-seeking assets [Member] | Canada [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DefinedBenefitPlanTargetAssetAllocationPercentage', window );">Target asset allocation for plan</a></td>
<td class="nump">15.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_LiabilityhedgingAssetsMember', window );">Liability-hedging assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DefinedBenefitPlanTargetAssetAllocationPercentage', window );">Target asset allocation for plan</a></td>
<td class="nump">71.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_LiabilityhedgingAssetsMember', window );">Liability-hedging assets [Member] | Canada [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DefinedBenefitPlanTargetAssetAllocationPercentage', window );">Target asset allocation for plan</a></td>
<td class="nump">85.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfProvisionsAxis=mfc_DefinedBenefitPlansProvisionMember', window );">Defined Benefit Plans Provision [Member] | Standard Life Plc [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset', window );">Past service cost amendments</a></td>
<td class="num">CAD (55,000,000)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_DefinedBenefitPensionPlansMember', window );">Defined Benefit Pension Plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan', window );">Estimate of expected cash payments for employee future benefits for the year ending December 31, 2018</a></td>
<td class="nump">101,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_DefinedContributionPensionPlansMember', window );">Defined contribution pension plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan', window );">Estimate of expected cash payments for employee future benefits for the year ending December 31, 2018</a></td>
<td class="nump">77,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_RetireeWelfarePlansMember', window );">Retiree welfare plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan', window );">Estimate of expected cash payments for employee future benefits for the year ending December 31, 2018</a></td>
<td class="nump">CAD 9,000,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDefinedBenefitPlansLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The estimate of the expected contributions to be made to a defined benefit plan for the next annual reporting period. [Refer: Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 147<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_147_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 148<br> -Subparagraph d<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_148_d_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of deficit or surplus in a defined benefit plan, adjusted for any effect of limiting a net defined benefit asset to the asset ceiling. [Refer: Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 140<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_140_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LiabilityAssetOfDefinedBenefitPlans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the net defined benefit liability (asset) resulting from past service cost. Past service cost is the change in the present value of the defined benefit obligation for employee service in prior periods, resulting from a plan amendment (the introduction or withdrawal of, or changes to, a defined benefit plan) or a curtailment (a significant reduction by the entity in the number of employees covered by a plan). [Refer: Net defined benefit liability (asset); Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 141<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_141_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RecognisedAssetsDefinedBenefitPlan">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of surplus in a defined benefit plan, adjusted for any effect of limiting a net defined benefit asset to the asset ceiling. [Refer: Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RecognisedAssetsDefinedBenefitPlan</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DefinedBenefitPlanTargetAssetAllocationPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Defined benefit plan target asset allocation percentage.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DefinedBenefitPlanTargetAssetAllocationPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_MaximumPercentageOfFinalAveragePayPensionPlansToGlobalPensionObligations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Maximum percentage of final average pay pension plans to global pension obligations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_MaximumPercentageOfFinalAveragePayPensionPlansToGlobalPensionObligations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=mfc_CanadianPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_CanadianPlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=mfc_ReturnseekingAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_ReturnseekingAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_CA">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_CA</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=mfc_LiabilityhedgingAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_LiabilityhedgingAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfProvisionsAxis=mfc_DefinedBenefitPlansProvisionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfProvisionsAxis=mfc_DefinedBenefitPlansProvisionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BusinessCombinationsAxis=mfc_StandardLifePlcMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BusinessCombinationsAxis=mfc_StandardLifePlcMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialAssumptionsAxis=mfc_DefinedBenefitPensionPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=mfc_DefinedBenefitPensionPlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialAssumptionsAxis=mfc_DefinedContributionPensionPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=mfc_DefinedContributionPensionPlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialAssumptionsAxis=mfc_RetireeWelfarePlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=mfc_RetireeWelfarePlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>171
<FILENAME>R142.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6900746720">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Employee Future Benefits - Summary of Pension and Retiree Welfare Plans (Detail) - CAD<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAssetAbstract', window );"><strong>Actuarial losses (gains) due to:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">Ending balance</a></td>
<td class="nump">CAD 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember', window );">Pension plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetLineItems', window );"><strong>Disclosure of net defined benefit liability (asset) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">Beginning balance</a></td>
<td class="nump">490,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAssetAbstract', window );"><strong>Actuarial losses (gains) due to:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ActuarialGainsLossesArisingFromExperienceNetDefinedBenefitLiabilityAsset', window );">Experience</a></td>
<td class="nump">15,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset', window );">Demographic assumption changes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">CAD (94,000,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset', window );">Economic assumption changes</a></td>
<td class="nump">214,000,000<span></span>
</td>
<td class="nump">116,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">Ending balance</a></td>
<td class="nump">378,000,000<span></span>
</td>
<td class="nump">490,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset', window );">Actuarial gains (losses)</a></td>
<td class="num">(312,000,000)<span></span>
</td>
<td class="num">(158,000,000)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember', window );">Pension plans [Member] | Present value of defined benefit obligation [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetLineItems', window );"><strong>Disclosure of net defined benefit liability (asset) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">Beginning balance</a></td>
<td class="nump">4,767,000,000<span></span>
</td>
<td class="nump">4,823,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseThroughPlanMergersNetDefinedBenefitLiabilityAsset', window );">Plan mergers</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">143,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset', window );">Current service cost</a></td>
<td class="nump">48,000,000<span></span>
</td>
<td class="nump">52,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset', window );">Past service cost</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(57,000,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset', window );">Interest cost</a></td>
<td class="nump">182,000,000<span></span>
</td>
<td class="nump">196,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset', window );">Plan participants' contributions</a></td>
<td class="nump">1,000,000<span></span>
</td>
<td class="nump">1,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAssetAbstract', window );"><strong>Actuarial losses (gains) due to:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ActuarialGainsLossesArisingFromExperienceNetDefinedBenefitLiabilityAsset', window );">Experience</a></td>
<td class="nump">15,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset', window );">Demographic assumption changes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(94,000,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset', window );">Economic assumption changes</a></td>
<td class="nump">214,000,000<span></span>
</td>
<td class="nump">116,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset', window );">Benefits paid</a></td>
<td class="num">(315,000,000)<span></span>
</td>
<td class="num">(314,000,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset', window );">Impact of changes in foreign exchange rates</a></td>
<td class="num">(206,000,000)<span></span>
</td>
<td class="num">(99,000,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">Ending balance</a></td>
<td class="nump">4,706,000,000<span></span>
</td>
<td class="nump">4,767,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember', window );">Pension plans [Member] | Plan assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetLineItems', window );"><strong>Disclosure of net defined benefit liability (asset) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">Beginning balance</a></td>
<td class="nump">4,277,000,000<span></span>
</td>
<td class="nump">4,122,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseThroughPlanMergersNetDefinedBenefitLiabilityAsset', window );">Plan mergers</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">129,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset', window );">Interest cost</a></td>
<td class="nump">164,000,000<span></span>
</td>
<td class="nump">169,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset', window );">Plan participants' contributions</a></td>
<td class="nump">1,000,000<span></span>
</td>
<td class="nump">1,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAssetAbstract', window );"><strong>Actuarial losses (gains) due to:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset', window );">Benefits paid</a></td>
<td class="num">(315,000,000)<span></span>
</td>
<td class="num">(314,000,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset', window );">Impact of changes in foreign exchange rates</a></td>
<td class="num">(191,000,000)<span></span>
</td>
<td class="num">(87,000,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">Ending balance</a></td>
<td class="nump">4,328,000,000<span></span>
</td>
<td class="nump">4,277,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset', window );">Employer contributions</a></td>
<td class="nump">85,000,000<span></span>
</td>
<td class="nump">106,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdministrationCostsNetDefinedBenefitLiabilityAsset', window );">Administration costs</a></td>
<td class="num">(5,000,000)<span></span>
</td>
<td class="num">(7,000,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset', window );">Actuarial gains (losses)</a></td>
<td class="nump">312,000,000<span></span>
</td>
<td class="nump">158,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember', window );">Retiree welfare plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetLineItems', window );"><strong>Disclosure of net defined benefit liability (asset) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">Beginning balance</a></td>
<td class="nump">79,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAssetAbstract', window );"><strong>Actuarial losses (gains) due to:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ActuarialGainsLossesArisingFromExperienceNetDefinedBenefitLiabilityAsset', window );">Experience</a></td>
<td class="num">(9,000,000)<span></span>
</td>
<td class="num">(2,000,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset', window );">Demographic assumption changes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(16,000,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset', window );">Economic assumption changes</a></td>
<td class="nump">41,000,000<span></span>
</td>
<td class="nump">20,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">Ending balance</a></td>
<td class="nump">78,000,000<span></span>
</td>
<td class="nump">79,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset', window );">Actuarial gains (losses)</a></td>
<td class="num">(30,000,000)<span></span>
</td>
<td class="num">(8,000,000)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember', window );">Retiree welfare plans [Member] | Present value of defined benefit obligation [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetLineItems', window );"><strong>Disclosure of net defined benefit liability (asset) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">Beginning balance</a></td>
<td class="nump">682,000,000<span></span>
</td>
<td class="nump">713,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset', window );">Current service cost</a></td>
<td class="nump">1,000,000<span></span>
</td>
<td class="nump">1,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset', window );">Interest cost</a></td>
<td class="nump">26,000,000<span></span>
</td>
<td class="nump">28,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset', window );">Plan participants' contributions</a></td>
<td class="nump">4,000,000<span></span>
</td>
<td class="nump">5,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAssetAbstract', window );"><strong>Actuarial losses (gains) due to:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ActuarialGainsLossesArisingFromExperienceNetDefinedBenefitLiabilityAsset', window );">Experience</a></td>
<td class="num">(9,000,000)<span></span>
</td>
<td class="num">(2,000,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset', window );">Demographic assumption changes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(16,000,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset', window );">Economic assumption changes</a></td>
<td class="nump">41,000,000<span></span>
</td>
<td class="nump">20,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset', window );">Benefits paid</a></td>
<td class="num">(45,000,000)<span></span>
</td>
<td class="num">(50,000,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset', window );">Impact of changes in foreign exchange rates</a></td>
<td class="num">(35,000,000)<span></span>
</td>
<td class="num">(17,000,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">Ending balance</a></td>
<td class="nump">665,000,000<span></span>
</td>
<td class="nump">682,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember', window );">Retiree welfare plans [Member] | Plan assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetLineItems', window );"><strong>Disclosure of net defined benefit liability (asset) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">Beginning balance</a></td>
<td class="nump">603,000,000<span></span>
</td>
<td class="nump">635,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset', window );">Interest cost</a></td>
<td class="nump">23,000,000<span></span>
</td>
<td class="nump">25,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset', window );">Plan participants' contributions</a></td>
<td class="nump">4,000,000<span></span>
</td>
<td class="nump">5,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAssetAbstract', window );"><strong>Actuarial losses (gains) due to:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset', window );">Benefits paid</a></td>
<td class="num">(45,000,000)<span></span>
</td>
<td class="num">(50,000,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset', window );">Impact of changes in foreign exchange rates</a></td>
<td class="num">(38,000,000)<span></span>
</td>
<td class="num">(18,000,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">Ending balance</a></td>
<td class="nump">587,000,000<span></span>
</td>
<td class="nump">603,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset', window );">Employer contributions</a></td>
<td class="nump">12,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdministrationCostsNetDefinedBenefitLiabilityAsset', window );">Administration costs</a></td>
<td class="num">(2,000,000)<span></span>
</td>
<td class="num">(2,000,000)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset', window );">Actuarial gains (losses)</a></td>
<td class="nump">CAD 30,000,000<span></span>
</td>
<td class="nump">CAD 8,000,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The decrease (increase) in a net defined benefit liability (asset) resulting from actuarial gains (losses) arising from changes in demographic assumptions that result in remeasurements of the net defined benefit liability (asset). Demographic assumptions deal with matters such as: (a) mortality; (b) rates of employee turnover, disability and early retirement; (c) the proportion of plan members with dependants who will be eligible for benefits; (d) the proportion of plan members who will select each form of payment option available under the plan terms; and (e) claim rates under medical plans. [Refer: Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 141<br> -Subparagraph c<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_141_c_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The decrease (increase) in a net defined benefit liability (asset) resulting from actuarial gains (losses) arising from changes in financial assumptions that result in remeasurements of the net defined benefit liability (asset). Financial assumptions deal with items such as: (a) the discount rate; (b) benefit levels, excluding any cost of the benefits to be met by employees, and future salary; (c) in the case of medical benefits, future medical costs, including claim handling costs (ie the costs that will be incurred in processing and resolving claims, including legal and adjuster's fees); and (d) taxes payable by the plan on contributions relating to service before the reporting date or on benefits resulting from that service. [Refer: Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 141<br> -Subparagraph c<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_141_c_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The decrease (increase) in net defined benefit liability (asset) resulting from contributions to a defined benefit plan by the employer. [Refer: Net defined benefit liability (asset); Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 141<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_141_f&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ContributionsToPlanByEmployerNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The decrease (increase) in the net defined benefit liability (asset) resulting from contributions to a defined benefit plan by plan participants. [Refer: Net defined benefit liability (asset); Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 141<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_141_f&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the net defined benefit liability (asset) resulting from employee service in the current period. [Refer: Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 141<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_141_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAssetAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAssetAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the net defined benefit liability (asset) resulting from changes in foreign exchange rates. [Refer: Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 141<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_141_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the net defined benefit liability (asset) resulting from the passage of time. [Refer: Interest expense; Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 141<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_141_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of deficit or surplus in a defined benefit plan, adjusted for any effect of limiting a net defined benefit asset to the asset ceiling. [Refer: Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 140<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_140_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LiabilityAssetOfDefinedBenefitPlans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the net defined benefit liability (asset) resulting from past service cost. Past service cost is the change in the present value of the defined benefit obligation for employee service in prior periods, resulting from a plan amendment (the introduction or withdrawal of, or changes to, a defined benefit plan) or a curtailment (a significant reduction by the entity in the number of employees covered by a plan). [Refer: Net defined benefit liability (asset); Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 141<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_141_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The decrease (increase) in the net defined benefit liability (asset) resulting from payments from the plan. [Refer: Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 141<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_141_g&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PaymentsFromPlanNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The decrease (increase) in the net defined benefit liability (asset) resulting from the return on plan assets. The return on plans assets is interest, dividends and other revenue derived from the plan assets, together with realised and unrealised gains or losses on the plan assets, less any costs of managing plan assets and less any tax payable by the plan itself, other than tax included in the actuarial assumptions used to measure the present value of the defined benefit obligation. [Refer: Plan assets [member]; Net defined benefit liability (asset); Actuarial assumptions [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 141<br> -Subparagraph c<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_141_c_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ActuarialGainsLossesArisingFromExperienceNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Actuarial gains (losses) arising from experience, net defined benefit liability (asset).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ActuarialGainsLossesArisingFromExperienceNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_AdministrationCostsNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Administration costs, net defined benefit liability (asset).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_AdministrationCostsNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_IncreaseDecreaseThroughPlanMergersNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase (decrease) through plan mergers, net defined benefit liability (asset).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncreaseDecreaseThroughPlanMergersNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NetDefinedBenefitLiabilityAssetAxis=ifrs-full_PresentValueOfDefinedBenefitObligationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NetDefinedBenefitLiabilityAssetAxis=ifrs-full_PlanAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NetDefinedBenefitLiabilityAssetAxis=ifrs-full_PlanAssetsMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<head>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6889010512">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Employee Future Benefits - Summary of Amounts Recognized in Consolidated Statements of Financial Position (Detail) - CAD<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">Deficit and net defined benefit liability</a></td>
<td class="nump">CAD 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember', window );">Pension plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitObligationAtPresentValue', window );">Defined benefit obligation</a></td>
<td class="nump">4,706,000,000<span></span>
</td>
<td class="nump">CAD 4,767,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PlanAssetsAtFairValue', window );">Fair value of plan assets</a></td>
<td class="nump">4,328,000,000<span></span>
</td>
<td class="nump">4,277,000,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SurplusDeficitInPlan', window );">Deficit</a></td>
<td class="nump">378,000,000<span></span>
</td>
<td class="nump">490,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainLossOnChangesInEffectOfLimitingNetDefinedBenefitAssetToAssetCeiling', window );">Effect of asset limit</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">Deficit and net defined benefit liability</a></td>
<td class="nump">378,000,000<span></span>
</td>
<td class="nump">490,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember', window );">Pension plans [Member] | Funded [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">Deficit and net defined benefit liability</a></td>
<td class="num">(383,000,000)<span></span>
</td>
<td class="num">(292,000,000)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember', window );">Pension plans [Member] | Unfunded [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">Deficit and net defined benefit liability</a></td>
<td class="nump">761,000,000<span></span>
</td>
<td class="nump">782,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember', window );">Retiree welfare plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitObligationAtPresentValue', window );">Defined benefit obligation</a></td>
<td class="nump">665,000,000<span></span>
</td>
<td class="nump">682,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PlanAssetsAtFairValue', window );">Fair value of plan assets</a></td>
<td class="nump">587,000,000<span></span>
</td>
<td class="nump">603,000,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SurplusDeficitInPlan', window );">Deficit</a></td>
<td class="nump">78,000,000<span></span>
</td>
<td class="nump">79,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainLossOnChangesInEffectOfLimitingNetDefinedBenefitAssetToAssetCeiling', window );">Effect of asset limit</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">Deficit and net defined benefit liability</a></td>
<td class="nump">78,000,000<span></span>
</td>
<td class="nump">79,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember', window );">Retiree welfare plans [Member] | Funded [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">Deficit and net defined benefit liability</a></td>
<td class="num">(72,000,000)<span></span>
</td>
<td class="num">(63,000,000)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember', window );">Retiree welfare plans [Member] | Unfunded [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans', window );">Deficit and net defined benefit liability</a></td>
<td class="nump">CAD 150,000,000<span></span>
</td>
<td class="nump">CAD 142,000,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitObligationAtPresentValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The present value, without deducting any plan assets, of expected future payments required to settle the obligation resulting from employee service in the current and prior periods. [Refer: Plan assets, at fair value]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 57<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_57_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitObligationAtPresentValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDefinedBenefitPlansLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GainLossOnChangesInEffectOfLimitingNetDefinedBenefitAssetToAssetCeiling">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The decrease (increase) in the net defined benefit liability (asset) resulting from the gain (loss) on changes in the effect of limiting a net defined benefit asset to the asset ceiling, excluding amounts included in interest income or expense. [Refer: Interest income; Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 141<br> -Subparagraph c<br> -Clause iv<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_141_c_iv&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainLossOnChangesInEffectOfLimitingNetDefinedBenefitAssetToAssetCeiling</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LiabilityAssetOfDefinedBenefitPlans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of deficit or surplus in a defined benefit plan, adjusted for any effect of limiting a net defined benefit asset to the asset ceiling. [Refer: Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 140<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_140_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LiabilityAssetOfDefinedBenefitPlans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PlanAssetsAtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value of defined benefit plan assets. Plan assets comprise assets held by a long-term employee benefit fund and qualifying insurance policies. [Refer: At fair value [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 57<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_57_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PlanAssetsAtFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SurplusDeficitInPlan">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The present value of the defined benefit obligation, less the fair value of the plan assets (if any). [Refer: Plan assets [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 57<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_57_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SurplusDeficitInPlan</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NetDefinedBenefitLiabilityAssetAxis=mfc_FundedMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NetDefinedBenefitLiabilityAssetAxis=mfc_FundedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NetDefinedBenefitLiabilityAssetAxis=mfc_UnfundedMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NetDefinedBenefitLiabilityAssetAxis=mfc_UnfundedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<DOCUMENT>
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<SEQUENCE>173
<FILENAME>R144.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6893905776">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Employee Future Benefits - Summary of Disaggregation of Defined Benefit Obligation (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember', window );">Pension plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitObligationAtPresentValue', window );">Disaggregation of defined benefit obligation</a></td>
<td class="nump">CAD 4,706<span></span>
</td>
<td class="nump">CAD 4,767<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember', window );">Retiree welfare plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitObligationAtPresentValue', window );">Disaggregation of defined benefit obligation</a></td>
<td class="nump">665<span></span>
</td>
<td class="nump">682<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember', window );">U.S. plans [Member] | Pension plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitObligationAtPresentValue', window );">Disaggregation of defined benefit obligation</a></td>
<td class="nump">3,026<span></span>
</td>
<td class="nump">3,165<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember', window );">U.S. plans [Member] | Pension plans [Member] | Active [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitObligationAtPresentValue', window );">Disaggregation of defined benefit obligation</a></td>
<td class="nump">592<span></span>
</td>
<td class="nump">637<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember', window );">U.S. plans [Member] | Pension plans [Member] | Inactive and retired members [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitObligationAtPresentValue', window );">Disaggregation of defined benefit obligation</a></td>
<td class="nump">2,434<span></span>
</td>
<td class="nump">2,528<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember', window );">U.S. plans [Member] | Retiree welfare plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitObligationAtPresentValue', window );">Disaggregation of defined benefit obligation</a></td>
<td class="nump">515<span></span>
</td>
<td class="nump">540<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember', window );">U.S. plans [Member] | Retiree welfare plans [Member] | Active [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitObligationAtPresentValue', window );">Disaggregation of defined benefit obligation</a></td>
<td class="nump">34<span></span>
</td>
<td class="nump">38<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember', window );">U.S. plans [Member] | Retiree welfare plans [Member] | Inactive and retired members [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitObligationAtPresentValue', window );">Disaggregation of defined benefit obligation</a></td>
<td class="nump">481<span></span>
</td>
<td class="nump">502<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_CanadianPlansMember', window );">Canadian plans [Member] | Pension plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitObligationAtPresentValue', window );">Disaggregation of defined benefit obligation</a></td>
<td class="nump">1,680<span></span>
</td>
<td class="nump">1,602<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_CanadianPlansMember', window );">Canadian plans [Member] | Pension plans [Member] | Active [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitObligationAtPresentValue', window );">Disaggregation of defined benefit obligation</a></td>
<td class="nump">393<span></span>
</td>
<td class="nump">403<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_CanadianPlansMember', window );">Canadian plans [Member] | Pension plans [Member] | Inactive and retired members [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitObligationAtPresentValue', window );">Disaggregation of defined benefit obligation</a></td>
<td class="nump">1,287<span></span>
</td>
<td class="nump">1,199<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_CanadianPlansMember', window );">Canadian plans [Member] | Retiree welfare plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitObligationAtPresentValue', window );">Disaggregation of defined benefit obligation</a></td>
<td class="nump">150<span></span>
</td>
<td class="nump">142<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_CanadianPlansMember', window );">Canadian plans [Member] | Retiree welfare plans [Member] | Active [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitObligationAtPresentValue', window );">Disaggregation of defined benefit obligation</a></td>
<td class="nump">20<span></span>
</td>
<td class="nump">20<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_CanadianPlansMember', window );">Canadian plans [Member] | Retiree welfare plans [Member] | Inactive and retired members [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitObligationAtPresentValue', window );">Disaggregation of defined benefit obligation</a></td>
<td class="nump">CAD 130<span></span>
</td>
<td class="nump">CAD 122<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitObligationAtPresentValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The present value, without deducting any plan assets, of expected future payments required to settle the obligation resulting from employee service in the current and prior periods. [Refer: Plan assets, at fair value]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 57<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_57_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitObligationAtPresentValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDefinedBenefitPlansLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NetDefinedBenefitLiabilityAssetAxis=mfc_ActiveMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NetDefinedBenefitLiabilityAssetAxis=mfc_InactiveAndRetiredMembersMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=mfc_CanadianPlansMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>174
<FILENAME>R145.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6892172160">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Employee Future Benefits - Summary of Major Categories of Plan Assets and Actual Per Cent Allocation to Each Category (Detail) - CAD<br></strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember', window );">Pension plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems', window );"><strong>Disclosure of fair value of plan assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PlanAssetsAtFairValue', window );">Total</a></td>
<td class="nump">CAD 4,328,000,000<span></span>
</td>
<td class="nump">CAD 4,277,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember', window );">Retiree welfare plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems', window );"><strong>Disclosure of fair value of plan assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PlanAssetsAtFairValue', window );">Total</a></td>
<td class="nump">587,000,000<span></span>
</td>
<td class="nump">603,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember', window );">U.S. plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems', window );"><strong>Disclosure of fair value of plan assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets', window );">Equity securities</a></td>
<td class="nump">1,300,000<span></span>
</td>
<td class="nump">1,100,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember', window );">U.S. plans [Member] | Pension plans [Member] | Fair value measurements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems', window );"><strong>Disclosure of fair value of plan assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PlanAssetsAtFairValue', window );">Total</a></td>
<td class="nump">CAD 2,942,000,000<span></span>
</td>
<td class="nump">CAD 2,933,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DefinedBenefitPlanTargetAssetAllocationPercentage', window );">Percentage of fair value measurements</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember', window );">U.S. plans [Member] | Pension plans [Member] | Fair value measurements [Member] | Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems', window );"><strong>Disclosure of fair value of plan assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsAmountContributedToFairValueOfPlanAssets', window );">Debt securities</a></td>
<td class="nump">CAD 1,979,000,000<span></span>
</td>
<td class="nump">CAD 1,834,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DefinedBenefitPlanTargetAssetAllocationPercentage', window );">Percentage of fair value measurements</a></td>
<td class="nump">67.00%<span></span>
</td>
<td class="nump">62.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember', window );">U.S. plans [Member] | Pension plans [Member] | Fair value measurements [Member] | Cash and cash equivalents [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems', window );"><strong>Disclosure of fair value of plan assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsAmountContributedToFairValueOfPlanAssets', window );">Cash and cash equivalents</a></td>
<td class="nump">CAD 33,000,000<span></span>
</td>
<td class="nump">CAD 15,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DefinedBenefitPlanTargetAssetAllocationPercentage', window );">Percentage of fair value measurements</a></td>
<td class="nump">1.00%<span></span>
</td>
<td class="nump">1.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember', window );">U.S. plans [Member] | Pension plans [Member] | Fair value measurements [Member] | Equity securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems', window );"><strong>Disclosure of fair value of plan assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets', window );">Equity securities</a></td>
<td class="nump">CAD 695,000,000<span></span>
</td>
<td class="nump">CAD 825,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DefinedBenefitPlanTargetAssetAllocationPercentage', window );">Percentage of fair value measurements</a></td>
<td class="nump">24.00%<span></span>
</td>
<td class="nump">28.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember', window );">U.S. plans [Member] | Pension plans [Member] | Fair value measurements [Member] | Other investments [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems', window );"><strong>Disclosure of fair value of plan assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets', window );">Other investments</a></td>
<td class="nump">CAD 235,000,000<span></span>
</td>
<td class="nump">CAD 259,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DefinedBenefitPlanTargetAssetAllocationPercentage', window );">Percentage of fair value measurements</a></td>
<td class="nump">8.00%<span></span>
</td>
<td class="nump">9.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember', window );">U.S. plans [Member] | Retiree welfare plans [Member] | Fair value measurements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems', window );"><strong>Disclosure of fair value of plan assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PlanAssetsAtFairValue', window );">Total</a></td>
<td class="nump">CAD 587,000,000<span></span>
</td>
<td class="nump">CAD 603,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DefinedBenefitPlanTargetAssetAllocationPercentage', window );">Percentage of fair value measurements</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember', window );">U.S. plans [Member] | Retiree welfare plans [Member] | Fair value measurements [Member] | Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems', window );"><strong>Disclosure of fair value of plan assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsAmountContributedToFairValueOfPlanAssets', window );">Debt securities</a></td>
<td class="nump">CAD 502,000,000<span></span>
</td>
<td class="nump">CAD 427,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DefinedBenefitPlanTargetAssetAllocationPercentage', window );">Percentage of fair value measurements</a></td>
<td class="nump">85.00%<span></span>
</td>
<td class="nump">71.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember', window );">U.S. plans [Member] | Retiree welfare plans [Member] | Fair value measurements [Member] | Cash and cash equivalents [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems', window );"><strong>Disclosure of fair value of plan assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsAmountContributedToFairValueOfPlanAssets', window );">Cash and cash equivalents</a></td>
<td class="nump">CAD 33,000,000<span></span>
</td>
<td class="nump">CAD 19,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DefinedBenefitPlanTargetAssetAllocationPercentage', window );">Percentage of fair value measurements</a></td>
<td class="nump">6.00%<span></span>
</td>
<td class="nump">3.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember', window );">U.S. plans [Member] | Retiree welfare plans [Member] | Fair value measurements [Member] | Equity securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems', window );"><strong>Disclosure of fair value of plan assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets', window );">Equity securities</a></td>
<td class="nump">CAD 45,000,000<span></span>
</td>
<td class="nump">CAD 150,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DefinedBenefitPlanTargetAssetAllocationPercentage', window );">Percentage of fair value measurements</a></td>
<td class="nump">8.00%<span></span>
</td>
<td class="nump">25.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember', window );">U.S. plans [Member] | Retiree welfare plans [Member] | Fair value measurements [Member] | Other investments [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems', window );"><strong>Disclosure of fair value of plan assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets', window );">Other investments</a></td>
<td class="nump">CAD 7,000,000<span></span>
</td>
<td class="nump">CAD 7,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DefinedBenefitPlanTargetAssetAllocationPercentage', window );">Percentage of fair value measurements</a></td>
<td class="nump">1.00%<span></span>
</td>
<td class="nump">1.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_CanadianPlansMember', window );">Canadian plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems', window );"><strong>Disclosure of fair value of plan assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets', window );">Equity securities</a></td>
<td class="nump">CAD 0<span></span>
</td>
<td class="nump">CAD 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_CanadianPlansMember', window );">Canadian plans [Member] | Pension plans [Member] | Fair value measurements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems', window );"><strong>Disclosure of fair value of plan assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PlanAssetsAtFairValue', window );">Total</a></td>
<td class="nump">CAD 1,386,000,000<span></span>
</td>
<td class="nump">CAD 1,344,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DefinedBenefitPlanTargetAssetAllocationPercentage', window );">Percentage of fair value measurements</a></td>
<td class="nump">100.00%<span></span>
</td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_CanadianPlansMember', window );">Canadian plans [Member] | Pension plans [Member] | Fair value measurements [Member] | Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems', window );"><strong>Disclosure of fair value of plan assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtInstrumentsAmountContributedToFairValueOfPlanAssets', window );">Debt securities</a></td>
<td class="nump">CAD 1,165,000,000<span></span>
</td>
<td class="nump">CAD 809,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DefinedBenefitPlanTargetAssetAllocationPercentage', window );">Percentage of fair value measurements</a></td>
<td class="nump">84.00%<span></span>
</td>
<td class="nump">60.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_CanadianPlansMember', window );">Canadian plans [Member] | Pension plans [Member] | Fair value measurements [Member] | Cash and cash equivalents [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems', window );"><strong>Disclosure of fair value of plan assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsAmountContributedToFairValueOfPlanAssets', window );">Cash and cash equivalents</a></td>
<td class="nump">CAD 5,000,000<span></span>
</td>
<td class="nump">CAD 21,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DefinedBenefitPlanTargetAssetAllocationPercentage', window );">Percentage of fair value measurements</a></td>
<td class="nump">1.00%<span></span>
</td>
<td class="nump">2.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_CanadianPlansMember', window );">Canadian plans [Member] | Pension plans [Member] | Fair value measurements [Member] | Equity securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems', window );"><strong>Disclosure of fair value of plan assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets', window );">Equity securities</a></td>
<td class="nump">CAD 212,000,000<span></span>
</td>
<td class="nump">CAD 460,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DefinedBenefitPlanTargetAssetAllocationPercentage', window );">Percentage of fair value measurements</a></td>
<td class="nump">15.00%<span></span>
</td>
<td class="nump">34.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_CanadianPlansMember', window );">Canadian plans [Member] | Pension plans [Member] | Fair value measurements [Member] | Other investments [member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems', window );"><strong>Disclosure of fair value of plan assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets', window );">Other investments</a></td>
<td class="nump">CAD 4,000,000<span></span>
</td>
<td class="nump">CAD 54,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DefinedBenefitPlanTargetAssetAllocationPercentage', window );">Percentage of fair value measurements</a></td>
<td class="nump">0.00%<span></span>
</td>
<td class="nump">4.00%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalentsAmountContributedToFairValueOfPlanAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount that cash and cash equivalents constitute of the fair value of defined benefit plan assets. [Refer: Cash and cash equivalents; Plan assets, at fair value; Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 142<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_142_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalentsAmountContributedToFairValueOfPlanAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DebtInstrumentsAmountContributedToFairValueOfPlanAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount that instruments representing debt (rather than equity) constitute of the fair value of defined benefit plan assets. [Refer: Plan assets, at fair value; Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 142<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_142_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DebtInstrumentsAmountContributedToFairValueOfPlanAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount that instruments representing equity (rather than debt) constitute of the fair value of defined benefit plan assets. [Refer: Plan assets, at fair value; Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 142<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_142_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount that other types of assets not separately disclosed constitute of the fair value of defined benefit plan assets. [Refer: Plan assets, at fair value; Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 142<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_142&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PlanAssetsAtFairValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The fair value of defined benefit plan assets. Plan assets comprise assets held by a long-term employee benefit fund and qualifying insurance policies. [Refer: At fair value [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 57<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_57_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PlanAssetsAtFairValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DefinedBenefitPlanTargetAssetAllocationPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Defined benefit plan target asset allocation percentage.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DefinedBenefitPlanTargetAssetAllocationPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_FairValueMeasurementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_FairValueMeasurementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_DebtSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=ifrs-full_DebtSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_CashCashAndCashEquivalentsAndCurrentAssetsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_CashCashAndCashEquivalentsAndCurrentAssetsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_EquitySecurities1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_EquitySecurities1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=us-gaap_OtherInvestmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=us-gaap_OtherInvestmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialAssumptionsAxis=mfc_CanadianPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=mfc_CanadianPlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>175
<FILENAME>R146.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6819430656">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Employee Future Benefits - Summary of Major Categories of Plan Assets and Actual Per Cent Allocation to Each Category (Parenthetical) (Detail) - CAD<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember', window );">U.S. plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems', window );"><strong>Disclosure of fair value of plan assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PercentageOfPlanAssetsNotQuotedInActiveMarkets', window );">Percentage of plan assets</a></td>
<td class="nump">6.00%<span></span>
</td>
<td class="nump">6.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets', window );">Equity securities</a></td>
<td class="nump">CAD 1,300,000<span></span>
</td>
<td class="nump">CAD 1,100,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_CanadianPlansMember', window );">Canadian plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems', window );"><strong>Disclosure of fair value of plan assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PercentageOfPlanAssetsNotQuotedInActiveMarkets', window );">Percentage of plan assets</a></td>
<td class="nump">0.30%<span></span>
</td>
<td class="nump">3.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets', window );">Equity securities</a></td>
<td class="nump">CAD 0<span></span>
</td>
<td class="nump">CAD 0<span></span>
</td>
</tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfFairValueOfPlanAssetsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount that instruments representing equity (rather than debt) constitute of the fair value of defined benefit plan assets. [Refer: Plan assets, at fair value; Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 142<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_142_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityInstrumentsAmountContributedToFairValueOfPlanAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_PercentageOfPlanAssetsNotQuotedInActiveMarkets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of plan assets not quoted in active markets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_PercentageOfPlanAssetsNotQuotedInActiveMarkets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=mfc_CanadianPlansMember</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6934096992">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Employee Future Benefits - Summary of Components of Net Benefit Cost for Pension Plans and Retiree Welfare Plans (Detail) - Net Benefit Cost Recognized in the Consolidated Statements of Income [Member] - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember', window );">Pension plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset', window );">Defined benefit current service cost</a></td>
<td class="nump">CAD 48<span></span>
</td>
<td class="nump">CAD 52<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdministrationCostsNetDefinedBenefitLiabilityAsset', window );">Defined benefit administrative expenses</a></td>
<td class="nump">5<span></span>
</td>
<td class="nump">7<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset', window );">Past service cost - plan amendments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(57)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PastServiceCostAndGainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset', window );">Service cost</a></td>
<td class="nump">53<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset', window );">Interest on net defined benefit (asset) liability</a></td>
<td class="nump">18<span></span>
</td>
<td class="nump">27<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans', window );">Defined benefit cost</a></td>
<td class="nump">71<span></span>
</td>
<td class="nump">29<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans', window );">Defined contribution cost</a></td>
<td class="nump">75<span></span>
</td>
<td class="nump">69<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EmployeeBenefitsExpense', window );">Net benefit cost</a></td>
<td class="nump">146<span></span>
</td>
<td class="nump">98<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember', window );">Retiree welfare plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset', window );">Defined benefit current service cost</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdministrationCostsNetDefinedBenefitLiabilityAsset', window );">Defined benefit administrative expenses</a></td>
<td class="nump">2<span></span>
</td>
<td class="nump">2<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PastServiceCostAndGainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset', window );">Service cost</a></td>
<td class="nump">3<span></span>
</td>
<td class="nump">3<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset', window );">Interest on net defined benefit (asset) liability</a></td>
<td class="nump">3<span></span>
</td>
<td class="nump">3<span></span>
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</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans', window );">Defined benefit cost</a></td>
<td class="nump">6<span></span>
</td>
<td class="nump">6<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EmployeeBenefitsExpense', window );">Net benefit cost</a></td>
<td class="nump">CAD 6<span></span>
</td>
<td class="nump">CAD 6<span></span>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the net defined benefit liability (asset) resulting from employee service in the current period. [Refer: Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 141<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_141_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDefinedBenefitPlansLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EmployeeBenefitsExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The expense of all forms of consideration given by an entity in exchange for a service rendered by employees or for the termination of employment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 104<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_104&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EmployeeBenefitsExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the net defined benefit liability (asset) resulting from the passage of time. [Refer: Interest expense; Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 141<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_141_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PastServiceCostAndGainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the net defined benefit liability (asset) resulting from past service cost and gains (losses) arising from settlements. [Refer: Gains (losses) arising from settlements, net defined benefit liability (asset); Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 141<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_141_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PastServiceCostAndGainsLossesArisingFromSettlementsNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the net defined benefit liability (asset) resulting from past service cost. Past service cost is the change in the present value of the defined benefit obligation for employee service in prior periods, resulting from a plan amendment (the introduction or withdrawal of, or changes to, a defined benefit plan) or a curtailment (a significant reduction by the entity in the number of employees covered by a plan). [Refer: Net defined benefit liability (asset); Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 141<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_141_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of post-employment benefit expense relating to defined benefit plans. [Refer: Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 5<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_5&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of post-employment benefit expense relating to defined contribution plans. Defined contribution plans are post-employment benefit plans under which an entity pays fixed contributions into a separate entity (a fund) and will have no legal or constructive obligation to pay further contributions if the fund does not hold sufficient assets to pay all employee benefits relating to employee service in the current and prior periods.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 53<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_53&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_AdministrationCostsNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Administration costs, net defined benefit liability (asset).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_AdministrationCostsNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_NetBenefitCostRecognizedInTheConsolidatedStatementsOfIncomeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_NetBenefitCostRecognizedInTheConsolidatedStatementsOfIncomeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>177
<FILENAME>R148.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6888004528">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Employee Future Benefits - Summary of Components of Net Benefit Cost for Pension Plans and Retiree Welfare Plans (Parenthetical) (Detail)<br> CAD in Millions</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th">
<div>Dec. 31, 2017 </div>
<div>CAD</div>
</th></tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BusinessCombinationsAxis=mfc_StandardLifePlcMember', window );">Standard Life Plc [Member] | Defined Benefit Plans Provision [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset', window );">Past service cost amendments</a></td>
<td class="num">CAD (55)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDefinedBenefitPlansLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in the net defined benefit liability (asset) resulting from past service cost. Past service cost is the change in the present value of the defined benefit obligation for employee service in prior periods, resulting from a plan amendment (the introduction or withdrawal of, or changes to, a defined benefit plan) or a curtailment (a significant reduction by the entity in the number of employees covered by a plan). [Refer: Net defined benefit liability (asset); Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 141<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_141_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BusinessCombinationsAxis=mfc_StandardLifePlcMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BusinessCombinationsAxis=mfc_StandardLifePlcMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfProvisionsAxis=mfc_DefinedBenefitPlansProvisionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfProvisionsAxis=mfc_DefinedBenefitPlansProvisionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>178
<FILENAME>R149.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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							} else { e.nextSibling.style.display='none'; }
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</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6888975408">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Employee Future Benefits - Summary of Re-measurement Effects Recognized in Other Comprehensive Income (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember', window );">Pension plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ActuarialGainsLossesArisingFromExperienceNetDefinedBenefitLiabilityAsset', window );">Experience</a></td>
<td class="num">CAD (15)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset', window );">Demographic assumption changes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 94<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset', window );">Economic assumption changes</a></td>
<td class="num">(214)<span></span>
</td>
<td class="num">(116)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset', window );">Return on plan assets greater (less) than discount rate</a></td>
<td class="nump">312<span></span>
</td>
<td class="nump">158<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset', window );">Total re-measurement effects</a></td>
<td class="nump">83<span></span>
</td>
<td class="nump">136<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember', window );">Retiree welfare plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ActuarialGainsLossesArisingFromExperienceNetDefinedBenefitLiabilityAsset', window );">Experience</a></td>
<td class="nump">9<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset', window );">Demographic assumption changes</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">16<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset', window );">Economic assumption changes</a></td>
<td class="num">(41)<span></span>
</td>
<td class="num">(20)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset', window );">Return on plan assets greater (less) than discount rate</a></td>
<td class="nump">30<span></span>
</td>
<td class="nump">8<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset', window );">Total re-measurement effects</a></td>
<td class="num">CAD (2)<span></span>
</td>
<td class="nump">CAD 6<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The decrease (increase) in a net defined benefit liability (asset) resulting from actuarial gains (losses) arising from changes in demographic assumptions that result in remeasurements of the net defined benefit liability (asset). Demographic assumptions deal with matters such as: (a) mortality; (b) rates of employee turnover, disability and early retirement; (c) the proportion of plan members with dependants who will be eligible for benefits; (d) the proportion of plan members who will select each form of payment option available under the plan terms; and (e) claim rates under medical plans. [Refer: Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 141<br> -Subparagraph c<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_141_c_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The decrease (increase) in a net defined benefit liability (asset) resulting from actuarial gains (losses) arising from changes in financial assumptions that result in remeasurements of the net defined benefit liability (asset). Financial assumptions deal with items such as: (a) the discount rate; (b) benefit levels, excluding any cost of the benefits to be met by employees, and future salary; (c) in the case of medical benefits, future medical costs, including claim handling costs (ie the costs that will be incurred in processing and resolving claims, including legal and adjuster's fees); and (d) taxes payable by the plan on contributions relating to service before the reporting date or on benefits resulting from that service. [Refer: Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 141<br> -Subparagraph c<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_141_c_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDefinedBenefitPlansLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The decrease (increase) in a net defined benefit liability (asset) resulting from the remeasurement of that net defined benefit liability (asset). [Refer: Net defined benefit liability (asset)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 141<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_141_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The decrease (increase) in the net defined benefit liability (asset) resulting from the return on plan assets. The return on plans assets is interest, dividends and other revenue derived from the plan assets, together with realised and unrealised gains or losses on the plan assets, less any costs of managing plan assets and less any tax payable by the plan itself, other than tax included in the actuarial assumptions used to measure the present value of the defined benefit obligation. [Refer: Plan assets [member]; Net defined benefit liability (asset); Actuarial assumptions [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 141<br> -Subparagraph c<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_141_c_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset</td>
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<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Actuarial gains (losses) arising from experience, net defined benefit liability (asset).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">mfc_ActuarialGainsLossesArisingFromExperienceNetDefinedBenefitLiabilityAsset</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6934701248">
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<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Employee Future Benefits - Summary of Key Assumptions Used by to Determine Defined Benefit Obligation and Net Benefit Cost for Defined Benefit Pension Plans and Retiree Welfare Plans (Detail)<br></strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember', window );">U.S. plans [Member] | Pension plans [Member] | Defined benefit obligation [Member]</a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfDiscountRates', window );">Discount rate</a></td>
<td class="nump">3.60%<span></span>
</td>
<td class="nump">4.10%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember', window );">U.S. plans [Member] | Pension plans [Member] | Defined benefit cost [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfDiscountRates', window );">Discount rate</a></td>
<td class="nump">4.10%<span></span>
</td>
<td class="nump">4.40%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember', window );">U.S. plans [Member] | Retiree welfare plans [Member] | Defined benefit obligation [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfDiscountRates', window );">Discount rate</a></td>
<td class="nump">3.60%<span></span>
</td>
<td class="nump">4.10%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfMedicalCostTrendRates', window );">Initial health care cost trend rate</a></td>
<td class="nump">8.50%<span></span>
</td>
<td class="nump">8.80%<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember', window );">U.S. plans [Member] | Retiree welfare plans [Member] | Defined benefit cost [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfDiscountRates', window );">Discount rate</a></td>
<td class="nump">4.10%<span></span>
</td>
<td class="nump">4.30%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfMedicalCostTrendRates', window );">Initial health care cost trend rate</a></td>
<td class="nump">8.80%<span></span>
</td>
<td class="nump">9.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_CanadianPlansMember', window );">Canadian plans [Member] | Pension plans [Member] | Defined benefit obligation [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfDiscountRates', window );">Discount rate</a></td>
<td class="nump">3.50%<span></span>
</td>
<td class="nump">3.90%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_CanadianPlansMember', window );">Canadian plans [Member] | Pension plans [Member] | Defined benefit cost [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfDiscountRates', window );">Discount rate</a></td>
<td class="nump">3.90%<span></span>
</td>
<td class="nump">4.10%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_CanadianPlansMember', window );">Canadian plans [Member] | Retiree welfare plans [Member] | Defined benefit obligation [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfDiscountRates', window );">Discount rate</a></td>
<td class="nump">3.60%<span></span>
</td>
<td class="nump">4.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfMedicalCostTrendRates', window );">Initial health care cost trend rate</a></td>
<td class="nump">5.90%<span></span>
</td>
<td class="nump">6.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_CanadianPlansMember', window );">Canadian plans [Member] | Retiree welfare plans [Member] | Defined benefit cost [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfDiscountRates', window );">Discount rate</a></td>
<td class="nump">4.00%<span></span>
</td>
<td class="nump">4.10%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfMedicalCostTrendRates', window );">Initial health care cost trend rate</a></td>
<td class="nump">6.00%<span></span>
</td>
<td class="nump">6.10%<span></span>
</td>
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<div style="display: none;">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The discount rate used as the significant actuarial assumption to determine the present value of a defined benefit obligation. [Refer: Defined benefit obligation, at present value; Actuarial assumptions [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 144<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_144&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionOfDiscountRates</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialAssumptionOfMedicalCostTrendRates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Medical cost trend rate used as significant actuarial assumption to determine the present value of a defined benefit obligation. [Refer: Defined benefit obligation, at present value; Actuarial assumptions [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 144<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_144&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionOfMedicalCostTrendRates</td>
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<td><strong> Data Type:</strong></td>
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<td>instant</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDefinedBenefitPlansLineItems</td>
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<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NetDefinedBenefitLiabilityAssetAxis=mfc_DefinedBenefitObligationMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=mfc_CanadianPlansMember</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6888806400">
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<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Employee Future Benefits - Summary of Key Assumptions Used by to Determine Defined Benefit Obligation and Net Benefit Cost for Defined Benefit Pension Plans and Retiree Welfare Plans (Parenthetical) (Detail)<br></strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_DefinedBenefitCostMember', window );">Defined benefit cost [Member] | 2032 [Member] | Top of range [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfMedicalCostTrendRates', window );">Health care cost trend rate</a></td>
<td class="nump">8.80%<span></span>
</td>
<td class="nump">9.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_DefinedBenefitCostMember', window );">Defined benefit cost [Member] | 2032 [Member] | Bottom of range [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfMedicalCostTrendRates', window );">Health care cost trend rate</a></td>
<td class="nump">5.00%<span></span>
</td>
<td class="nump">5.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_DefinedBenefitCostMember', window );">Defined benefit cost [Member] | Canadian plans [Member] | 2026 [Member] | Top of range [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfMedicalCostTrendRates', window );">Health care cost trend rate</a></td>
<td class="nump">6.00%<span></span>
</td>
<td class="nump">6.10%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_DefinedBenefitCostMember', window );">Defined benefit cost [Member] | Canadian plans [Member] | 2026 [Member] | Bottom of range [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfMedicalCostTrendRates', window );">Health care cost trend rate</a></td>
<td class="nump">4.80%<span></span>
</td>
<td class="nump">4.80%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember', window );">Retiree welfare plans [Member] | 2032 [Member] | Top of range [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfMedicalCostTrendRates', window );">Health care cost trend rate</a></td>
<td class="nump">8.50%<span></span>
</td>
<td class="nump">8.80%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember', window );">Retiree welfare plans [Member] | 2032 [Member] | Bottom of range [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfMedicalCostTrendRates', window );">Health care cost trend rate</a></td>
<td class="nump">5.00%<span></span>
</td>
<td class="nump">5.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember', window );">Retiree welfare plans [Member] | Canadian plans [Member] | 2026 [Member] | Top of range [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfMedicalCostTrendRates', window );">Health care cost trend rate</a></td>
<td class="nump">5.90%<span></span>
</td>
<td class="nump">6.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember', window );">Retiree welfare plans [Member] | Canadian plans [Member] | 2026 [Member] | Bottom of range [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfMedicalCostTrendRates', window );">Health care cost trend rate</a></td>
<td class="nump">4.80%<span></span>
</td>
<td class="nump">4.80%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialAssumptionOfMedicalCostTrendRates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Medical cost trend rate used as significant actuarial assumption to determine the present value of a defined benefit obligation. [Refer: Defined benefit obligation, at present value; Actuarial assumptions [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 144<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_144&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionOfMedicalCostTrendRates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDefinedBenefitPlansLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialAssumptionsAxis=mfc_DefinedBenefitCostMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=mfc_DefinedBenefitCostMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=mfc_TwoThousandThirtyTwoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=mfc_TwoThousandThirtyTwoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=mfc_CanadianPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=mfc_CanadianPlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=mfc_TwoThousandTwentySixMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=mfc_TwoThousandTwentySixMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>181
<FILENAME>R152.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6892852336">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Employee Future Benefits - Summary of Life Expectancies Underlying Values of Obligations in Defined Benefit Pension and Retiree Welfare Plans (Detail)<br></strong></div></th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>yr</div>
</th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_US', window );">U.S [Member] | Life expectancy (in years) for those currently age 65 [Member] | Male [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfLifeExpectancyAfterRetirement', window );">Life expectancy (in years)</a></td>
<td class="nump">22.4<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_US', window );">U.S [Member] | Life expectancy (in years) for those currently age 65 [Member] | Female [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfLifeExpectancyAfterRetirement', window );">Life expectancy (in years)</a></td>
<td class="nump">23.9<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_US', window );">U.S [Member] | Life expectancy (in years) at age 65 for those currently age 45 [Member] | Male [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfLifeExpectancyAfterRetirement', window );">Life expectancy (in years)</a></td>
<td class="nump">24.0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_US', window );">U.S [Member] | Life expectancy (in years) at age 65 for those currently age 45 [Member] | Female [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfLifeExpectancyAfterRetirement', window );">Life expectancy (in years)</a></td>
<td class="nump">25.5<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_CA', window );">Canada [Member] | Life expectancy (in years) for those currently age 65 [Member] | Male [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfLifeExpectancyAfterRetirement', window );">Life expectancy (in years)</a></td>
<td class="nump">22.8<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_CA', window );">Canada [Member] | Life expectancy (in years) for those currently age 65 [Member] | Female [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfLifeExpectancyAfterRetirement', window );">Life expectancy (in years)</a></td>
<td class="nump">24.7<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_CA', window );">Canada [Member] | Life expectancy (in years) at age 65 for those currently age 45 [Member] | Male [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
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<td class="nump">23.8<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_CA', window );">Canada [Member] | Life expectancy (in years) at age 65 for those currently age 45 [Member] | Female [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionOfLifeExpectancyAfterRetirement', window );">Life expectancy (in years)</a></td>
<td class="nump">25.6<span></span>
</td>
</tr>
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<div style="display: none;">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The life expectancy after retirement used as a significant actuarial assumption to determine the present value of a defined benefit obligation. [Refer: Defined benefit obligation, at present value; Actuarial assumptions [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 144<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_144&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6889685072">
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<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Employee Future Benefits - Summary of Potential Impact on Obligations Arising From Changes in Key Assumptions (Detail)<br> CAD in Millions</strong></div></th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>CAD</div>
</th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=ifrs-full_ActuarialAssumptionOfDiscountRatesMember', window );">Actuarial assumption of discount rates [Member] | Pension plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption', window );">Impact of increase in actuarial assumption</a></td>
<td class="num">CAD (451)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption', window );">Impact of decrease in actuarial assumption</a></td>
<td class="nump">536<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=ifrs-full_ActuarialAssumptionOfDiscountRatesMember', window );">Actuarial assumption of discount rates [Member] | Retiree welfare plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption', window );">Impact of increase in actuarial assumption</a></td>
<td class="num">(67)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption', window );">Impact of decrease in actuarial assumption</a></td>
<td class="nump">82<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=ifrs-full_ActuarialAssumptionOfMedicalCostTrendRatesMember', window );">Actuarial assumption of medical cost trend rates [Member] | Retiree welfare plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption', window );">Impact of increase in actuarial assumption</a></td>
<td class="nump">24<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption', window );">Impact of decrease in actuarial assumption</a></td>
<td class="num">(21)<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_ActuarialAssumptionOfDecreaseInInflationRatesMember', window );">Actuarial assumption of decrease in inflation rates [Member] | Pension plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption', window );">Impact of decrease in actuarial assumption</a></td>
<td class="nump">119<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ActuarialAssumptionsAxis=mfc_ActuarialAssumptionOfDecreaseInInflationRatesMember', window );">Actuarial assumption of decrease in inflation rates [Member] | Retiree welfare plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption', window );">Impact of decrease in actuarial assumption</a></td>
<td class="nump">CAD 16<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in a defined benefit obligation that would have been caused by a decrease in a significant actuarial assumption that was reasonably possible at the end of the reporting period. [Refer: Actuarial assumptions [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 145<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_145_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in a defined benefit obligation that would have been caused by an increase in a significant actuarial assumption that was reasonably possible at the end of the reporting period. [Refer: Actuarial assumptions [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 145<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_145_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=ifrs-full_ActuarialAssumptionOfMedicalCostTrendRatesMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=mfc_ActuarialAssumptionOfDecreaseInInflationRatesMember</td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>183
<FILENAME>R154.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6923575296">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Employee Future Benefits - Summary of Potential Impact on Obligations Arising From Changes in Key Assumptions (Parenthetical) (Detail)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CountryNameAxis=country_US', window );">U.S [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DecreaseInMortalityRate', window );">Decrease in mortality rates</a></td>
<td class="nump">10.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CountryNameAxis=country_CA', window );">Canada [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DecreaseInMortalityRate', window );">Decrease in mortality rates</a></td>
<td class="nump">10.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RedesignationAxis=mfc_MaleMember', window );">Male [Member] | U.S [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ActuarialAssumptionsIncreaseInLifeExpectancyAtAgeSixtyFiveDueToTenPercentDecreaseInMortalityRate', window );">Increase in life expectancy due to decrease in mortality rate</a></td>
<td class="text">10 months 25 days<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RedesignationAxis=mfc_MaleMember', window );">Male [Member] | Canada [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ActuarialAssumptionsIncreaseInLifeExpectancyAtAgeSixtyFiveDueToTenPercentDecreaseInMortalityRate', window );">Increase in life expectancy due to decrease in mortality rate</a></td>
<td class="text">9 months 18 days<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RedesignationAxis=mfc_FemaleMember', window );">Female [Member] | U.S [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ActuarialAssumptionsIncreaseInLifeExpectancyAtAgeSixtyFiveDueToTenPercentDecreaseInMortalityRate', window );">Increase in life expectancy due to decrease in mortality rate</a></td>
<td class="text">10 months 25 days<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RedesignationAxis=mfc_FemaleMember', window );">Female [Member] | Canada [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ActuarialAssumptionsIncreaseInLifeExpectancyAtAgeSixtyFiveDueToTenPercentDecreaseInMortalityRate', window );">Increase in life expectancy due to decrease in mortality rate</a></td>
<td class="text">9 months 18 days<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember', window );">Pension plans [Member] | Actuarial assumption of discount rates [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption', window );">Percentage of reasonably possible increase in actuarial assumption</a></td>
<td class="nump">1.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfReasonablyPossibleDecreaseInActuarialAssumption', window );">Percentage of reasonably possible decrease in actuarial assumption</a></td>
<td class="nump">1.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember', window );">Pension plans [Member] | Actuarial assumption of medical cost trend rates [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption', window );">Percentage of reasonably possible increase in actuarial assumption</a></td>
<td class="nump">1.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfReasonablyPossibleDecreaseInActuarialAssumption', window );">Percentage of reasonably possible decrease in actuarial assumption</a></td>
<td class="nump">1.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember', window );">Retiree welfare plans [Member] | Actuarial assumption of discount rates [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption', window );">Percentage of reasonably possible increase in actuarial assumption</a></td>
<td class="nump">1.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfReasonablyPossibleDecreaseInActuarialAssumption', window );">Percentage of reasonably possible decrease in actuarial assumption</a></td>
<td class="nump">1.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember', window );">Retiree welfare plans [Member] | Actuarial assumption of medical cost trend rates [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems', window );"><strong>Disclosure of sensitivity analysis for actuarial assumptions [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption', window );">Percentage of reasonably possible increase in actuarial assumption</a></td>
<td class="nump">1.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_PercentageOfReasonablyPossibleDecreaseInActuarialAssumption', window );">Percentage of reasonably possible decrease in actuarial assumption</a></td>
<td class="nump">1.00%<span></span>
</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PercentageOfReasonablyPossibleDecreaseInActuarialAssumption">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The reasonably possible percentage of the decrease in the actuarial assumption used to determine the present value of defined benefit obligation. [Refer: Actuarial assumptions [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 145<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_145_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PercentageOfReasonablyPossibleDecreaseInActuarialAssumption</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The reasonably possible percentage of the increase in the actuarial assumption used to determine the present value of defined benefit obligation. [Refer: Actuarial assumptions [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 145<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_145_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_PercentageOfReasonablyPossibleIncreaseInActuarialAssumption</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ActuarialAssumptionsIncreaseInLifeExpectancyAtAgeSixtyFiveDueToTenPercentDecreaseInMortalityRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Actuarial assumptions increase in life expectancy at age sixty five due to ten percent decrease in mortality rate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ActuarialAssumptionsIncreaseInLifeExpectancyAtAgeSixtyFiveDueToTenPercentDecreaseInMortalityRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DecreaseInMortalityRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Decrease in mortality rate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DecreaseInMortalityRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_CountryNameAxis=country_US">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_CountryNameAxis=country_US</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_CountryNameAxis=country_CA</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RedesignationAxis=mfc_MaleMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RedesignationAxis=mfc_MaleMember</td>
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<td><strong> Data Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RedesignationAxis=mfc_FemaleMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialAssumptionsAxis=ifrs-full_ActuarialAssumptionOfDiscountRatesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=ifrs-full_ActuarialAssumptionOfDiscountRatesMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialAssumptionsAxis=ifrs-full_ActuarialAssumptionOfMedicalCostTrendRatesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=ifrs-full_ActuarialAssumptionOfMedicalCostTrendRatesMember</td>
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<tr>
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<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
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<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember</td>
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<TYPE>XML
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<head>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6887741088">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Employee Future Benefits - Summary of Weighted Average Duration of the Defined Benefit Obligations (Detail) - yr<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation', window );">Weighted average duration (in years) of the defined benefit obligations</a></td>
<td class="nump">9.5<span></span>
</td>
<td class="nump">9.2<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember', window );">Pension plans [Member] | Canadian plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation', window );">Weighted average duration (in years) of the defined benefit obligations</a></td>
<td class="nump">12.8<span></span>
</td>
<td class="nump">12.7<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember', window );">Retiree welfare plans [Member] | U.S. plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation', window );">Weighted average duration (in years) of the defined benefit obligations</a></td>
<td class="nump">9.8<span></span>
</td>
<td class="nump">9.1<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember', window );">Retiree welfare plans [Member] | Canadian plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfDefinedBenefitPlansLineItems', window );"><strong>Disclosure of defined benefit plans [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation', window );">Weighted average duration (in years) of the defined benefit obligations</a></td>
<td class="nump">14.2<span></span>
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<td class="nump">14.2<span></span>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfDefinedBenefitPlansLineItems</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The weighted average duration of a defined benefit obligation. [Refer: Weighted average [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 147<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_147_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:decimalItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=mfc_UsPlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialAssumptionsAxis=mfc_CanadianPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=mfc_CanadianPlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>185
<FILENAME>R156.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6937045216">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Employee Future Benefits - Summary of Cash Payments (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember', window );">Pension plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetLineItems', window );"><strong>Disclosure of net defined benefit liability (asset) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ContributionsToPlanNetDefinedBenefitLiabilityAsset', window );">Cash payment for future benefit plans</a></td>
<td class="nump">CAD 160<span></span>
</td>
<td class="nump">CAD 175<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember', window );">Pension plans [Member] | Defined benefit plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetLineItems', window );"><strong>Disclosure of net defined benefit liability (asset) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ContributionsToPlanNetDefinedBenefitLiabilityAsset', window );">Cash payment for future benefit plans</a></td>
<td class="nump">85<span></span>
</td>
<td class="nump">106<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember', window );">Pension plans [Member] | Defined contribution plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetLineItems', window );"><strong>Disclosure of net defined benefit liability (asset) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ContributionsToPlanNetDefinedBenefitLiabilityAsset', window );">Cash payment for future benefit plans</a></td>
<td class="nump">75<span></span>
</td>
<td class="nump">CAD 69<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember', window );">Retiree welfare plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetLineItems', window );"><strong>Disclosure of net defined benefit liability (asset) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ContributionsToPlanNetDefinedBenefitLiabilityAsset', window );">Cash payment for future benefit plans</a></td>
<td class="nump">12<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember', window );">Retiree welfare plans [Member] | Defined benefit plans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetLineItems', window );"><strong>Disclosure of net defined benefit liability (asset) [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ContributionsToPlanNetDefinedBenefitLiabilityAsset', window );">Cash payment for future benefit plans</a></td>
<td class="nump">CAD 12<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ContributionsToPlanNetDefinedBenefitLiabilityAsset">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The decrease (increase) in the net defined benefit liability (asset) resulting from contributions to a defined benefit plan. [Refer: Net defined benefit liability (asset); Defined benefit plans [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 19<br> -IssueDate 2017-01-01<br> -Paragraph 141<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=19&amp;date=2017-03-01&amp;anchor=para_141_f&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ContributionsToPlanNetDefinedBenefitLiabilityAsset</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_PensionPlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialAssumptionsAxis=ifrs-full_DefinedBenefitPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=ifrs-full_DefinedBenefitPlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ActuarialAssumptionsAxis=mfc_DefinedContributionPlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ActuarialAssumptionsAxis=mfc_DefinedContributionPlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_RetireeWelfarePlansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>186
<FILENAME>R157.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6894973888">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Interests in Structured Entities - Additional Information (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentInStartupCapitalOfMutualFunds', window );">Investment in startup capital of mutual funds</a></td>
<td class="nump">CAD 1,918<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 1,903<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_RetailMutualFundAssetsUnderManagement', window );">Retail mutual fund assets under management</a></td>
<td class="nump">195,472<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 169,919<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SeparateManagementEntitiesAxis=mfc_HancockVictoriaPlantationsHoldingsPTYLimitedMember', window );">Hancock Victoria Plantations Holdings PTY Limited [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities', window );">Consolidated timber assets</a></td>
<td class="nump">CAD 884<span></span>
</td>
<td class="nump">CAD 920<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets recognised in the entity's financial statements relating to its interests in structured entities. [Refer: Assets; Unconsolidated structured entities [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 29<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_29_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_InvestmentInStartupCapitalOfMutualFunds">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Capital of mutual funds.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_InvestmentInStartupCapitalOfMutualFunds</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td>xbrli:monetaryItemType</td>
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<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_RetailMutualFundAssetsUnderManagement">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Retail mutual fund assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_RetailMutualFundAssetsUnderManagement</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td>debit</td>
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<td>instant</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SeparateManagementEntitiesAxis=mfc_HancockVictoriaPlantationsHoldingsPTYLimitedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6892846224">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Interests in Structured Entities - Schedule Investment and Maximum Exposure to Loss Related to Significant Unconsolidated Structured Entities (Detail) - Unconsolidated structured entities [Member] - Investment SEs [Member] - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities', window );">Company's investment</a></td>
<td class="nump">CAD 4,370<span></span>
</td>
<td class="nump">CAD 4,432<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities', window );">Company's maximum exposure to loss</a></td>
<td class="nump">4,420<span></span>
</td>
<td class="nump">4,445<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UnconsolidatedStructuredEntitiesAxis=ifrs-full_UnconsolidatedStructuredEntitiesMember', window );">Leveraged leases [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities', window );">Company's investment</a></td>
<td class="nump">3,273<span></span>
</td>
<td class="nump">3,369<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities', window );">Company's maximum exposure to loss</a></td>
<td class="nump">3,273<span></span>
</td>
<td class="nump">3,369<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UnconsolidatedStructuredEntitiesAxis=ifrs-full_UnconsolidatedStructuredEntitiesMember', window );">Timberland companies [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities', window );">Company's investment</a></td>
<td class="nump">736<span></span>
</td>
<td class="nump">736<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities', window );">Company's maximum exposure to loss</a></td>
<td class="nump">786<span></span>
</td>
<td class="nump">749<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UnconsolidatedStructuredEntitiesAxis=ifrs-full_UnconsolidatedStructuredEntitiesMember', window );">Real estate companies [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities', window );">Company's investment</a></td>
<td class="nump">361<span></span>
</td>
<td class="nump">327<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities', window );">Company's maximum exposure to loss</a></td>
<td class="nump">CAD 361<span></span>
</td>
<td class="nump">CAD 327<span></span>
</td>
</tr>
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<div style="display: none;">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets recognised in the entity's financial statements relating to its interests in structured entities. [Refer: Assets; Unconsolidated structured entities [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 29<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_29_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities</td>
</tr>
<tr>
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<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
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<td>instant</td>
</tr>
</table></div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems</td>
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<tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount that best represents the entity's maximum exposure to loss from its interests in structured entities. [Refer: Unconsolidated structured entities [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 29<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_29_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UnconsolidatedStructuredEntitiesAxis=ifrs-full_UnconsolidatedStructuredEntitiesMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UnconsolidatedStructuredEntitiesControlledByInvestmentEntityAxis=mfc_InvestmentStructuredEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UnconsolidatedStructuredEntitiesControlledByInvestmentEntityAxis=mfc_InvestmentStructuredEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_LeveragedLeasesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_LeveragedLeasesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TimberlandCompaniesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_TimberlandCompaniesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_RealEstateCompaniesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_RealEstateCompaniesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>188
<FILENAME>R159.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6899708192">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Interests in Structured Entities - Schedule of Interests and Maximum Exposure to Loss From Significant Unconsolidated Financing Structured Entities (Detail) - Unconsolidated structured entities [Member] - Financing SEs [Member] - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities', window );">Company's interests</a></td>
<td class="nump">CAD 1,835<span></span>
</td>
<td class="nump">CAD 1,876<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UnconsolidatedStructuredEntitiesAxis=ifrs-full_UnconsolidatedStructuredEntitiesMember', window );">Manulife Finance (Delaware), L.P.[Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities', window );">Company's interests</a></td>
<td class="nump">835<span></span>
</td>
<td class="nump">876<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UnconsolidatedStructuredEntitiesAxis=ifrs-full_UnconsolidatedStructuredEntitiesMember', window );">Manulife Financial Capital Trust II [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities', window );">Company's interests</a></td>
<td class="nump">CAD 1,000<span></span>
</td>
<td class="nump">CAD 1,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount that best represents the entity's maximum exposure to loss from its interests in structured entities. [Refer: Unconsolidated structured entities [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 29<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_29_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UnconsolidatedStructuredEntitiesAxis=ifrs-full_UnconsolidatedStructuredEntitiesMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UnconsolidatedStructuredEntitiesControlledByInvestmentEntityAxis=mfc_FinancingStructuredEntitiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UnconsolidatedStructuredEntitiesControlledByInvestmentEntityAxis=mfc_FinancingStructuredEntitiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_ManulifeFinanceLPMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_ManulifeFinanceLPMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_ManulifeFinancialCapitalTrustIIMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_ManulifeFinancialCapitalTrustIIMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>189
<FILENAME>R160.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6901454912">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Interests in Structured Entities - Schedule of Securitized Holdings by the Type and Asset Quality (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizedHoldingsByTheTypeAndAssetQuality', window );">Securitized holdings</a></td>
<td class="nump">CAD 3,576<span></span>
</td>
<td class="nump">CAD 3,513<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_AAACreditRatingMember', window );">AAA [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizedHoldingsByTheTypeAndAssetQuality', window );">Securitized holdings</a></td>
<td class="nump">2,503<span></span>
</td>
<td class="nump">2,269<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_AACreditRatingMember', window );">AA [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizedHoldingsByTheTypeAndAssetQuality', window );">Securitized holdings</a></td>
<td class="nump">401<span></span>
</td>
<td class="nump">393<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_ACreditRatingMember', window );">A [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizedHoldingsByTheTypeAndAssetQuality', window );">Securitized holdings</a></td>
<td class="nump">504<span></span>
</td>
<td class="nump">592<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_BBBCreditRatingMember', window );">BBB [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizedHoldingsByTheTypeAndAssetQuality', window );">Securitized holdings</a></td>
<td class="nump">142<span></span>
</td>
<td class="nump">221<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InternalCreditGradesAxis=mfc_BBAndBelowCreditRatingMember', window );">BB and below [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizedHoldingsByTheTypeAndAssetQuality', window );">Securitized holdings</a></td>
<td class="nump">26<span></span>
</td>
<td class="nump">CAD 38<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_CommercialMortgageBackedSecurities1Member', window );">CMBS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizedHoldingsByTheTypeAndAssetQuality', window );">Securitized holdings</a></td>
<td class="nump">1,418<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_CommercialMortgageBackedSecurities1Member', window );">CMBS [Member] | AAA [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizedHoldingsByTheTypeAndAssetQuality', window );">Securitized holdings</a></td>
<td class="nump">1,390<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_CommercialMortgageBackedSecurities1Member', window );">CMBS [Member] | A [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizedHoldingsByTheTypeAndAssetQuality', window );">Securitized holdings</a></td>
<td class="nump">16<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_CommercialMortgageBackedSecurities1Member', window );">CMBS [Member] | BB and below [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizedHoldingsByTheTypeAndAssetQuality', window );">Securitized holdings</a></td>
<td class="nump">12<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_ResidentialMortgageBackedSecurities1Member', window );">RMBS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizedHoldingsByTheTypeAndAssetQuality', window );">Securitized holdings</a></td>
<td class="nump">45<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_ResidentialMortgageBackedSecurities1Member', window );">RMBS [Member] | AAA [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizedHoldingsByTheTypeAndAssetQuality', window );">Securitized holdings</a></td>
<td class="nump">45<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=us-gaap_AssetBackedSecuritiesMember', window );">ABS [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizedHoldingsByTheTypeAndAssetQuality', window );">Securitized holdings</a></td>
<td class="nump">2,113<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=us-gaap_AssetBackedSecuritiesMember', window );">ABS [Member] | AAA [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizedHoldingsByTheTypeAndAssetQuality', window );">Securitized holdings</a></td>
<td class="nump">1,068<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=us-gaap_AssetBackedSecuritiesMember', window );">ABS [Member] | AA [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizedHoldingsByTheTypeAndAssetQuality', window );">Securitized holdings</a></td>
<td class="nump">401<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=us-gaap_AssetBackedSecuritiesMember', window );">ABS [Member] | A [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizedHoldingsByTheTypeAndAssetQuality', window );">Securitized holdings</a></td>
<td class="nump">488<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=us-gaap_AssetBackedSecuritiesMember', window );">ABS [Member] | BBB [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizedHoldingsByTheTypeAndAssetQuality', window );">Securitized holdings</a></td>
<td class="nump">142<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfFinancialAssetsAxis=us-gaap_AssetBackedSecuritiesMember', window );">ABS [Member] | BB and below [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems', window );"><strong>Disclosure of unconsolidated structured entities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SecuritizedHoldingsByTheTypeAndAssetQuality', window );">Securitized holdings</a></td>
<td class="nump">CAD 14<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_SecuritizedHoldingsByTheTypeAndAssetQuality">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Securitized holdings by the type and asset quality.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_SecuritizedHoldingsByTheTypeAndAssetQuality</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InternalCreditGradesAxis=mfc_AAACreditRatingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InternalCreditGradesAxis=mfc_AAACreditRatingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InternalCreditGradesAxis=mfc_AACreditRatingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InternalCreditGradesAxis=mfc_AACreditRatingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InternalCreditGradesAxis=mfc_ACreditRatingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InternalCreditGradesAxis=mfc_ACreditRatingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InternalCreditGradesAxis=mfc_BBBCreditRatingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InternalCreditGradesAxis=mfc_BBBCreditRatingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InternalCreditGradesAxis=mfc_BBAndBelowCreditRatingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InternalCreditGradesAxis=mfc_BBAndBelowCreditRatingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=mfc_CommercialMortgageBackedSecurities1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=mfc_ResidentialMortgageBackedSecurities1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=us-gaap_AssetBackedSecuritiesMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<DOCUMENT>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6937558720">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Commitments and Contingencies - Additional Information (Detail) - CAD<br></strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Nov. 20, 2015</div></th>
<th class="th"><div>Jun. 01, 2015</div></th>
<th class="th"><div>Mar. 10, 2015</div></th>
<th class="th"><div>Dec. 01, 2014</div></th>
<th class="th"><div>Feb. 21, 2014</div></th>
<th class="th"><div>Nov. 29, 2013</div></th>
<th class="th"><div>Feb. 25, 2013</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCommitmentsAndContingenciesLineItems', window );"><strong>Disclosure of commitments and contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentCommitmentsOutstanding', window );">Investment commitments outstanding</a></td>
<td class="nump">CAD 8,235,000,000<span></span>
</td>
<td class="nump">CAD 7,505,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_LettersOfCreditOutstandingAmount1', window );">Letters of credit outstanding</a></td>
<td class="nump">77,000,000<span></span>
</td>
<td class="nump">83,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease', window );">Aggregate future minimum lease payments</a></td>
<td class="nump">838,000,000<span></span>
</td>
<td class="nump">966,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Debt outstanding</a></td>
<td class="nump">4,785,000,000<span></span>
</td>
<td class="nump">5,696,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=mfc_VariableSurplusNoteMember', window );">Variable Surplus Note [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCommitmentsAndContingenciesLineItems', window );"><strong>Disclosure of commitments and contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Debt outstanding</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_TheManufacturersLifeInsuranceCompanyMember', window );">The Manufacturers Life Insurance Company [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCommitmentsAndContingenciesLineItems', window );"><strong>Disclosure of commitments and contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SubordinateGuaranteeIssued', window );">Subordinate guaranteed issued</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 1,000,000,000<span></span>
</td>
<td class="nump">CAD 350,000,000<span></span>
</td>
<td class="nump">CAD 750,000,000<span></span>
</td>
<td class="nump">CAD 500,000,000<span></span>
</td>
<td class="nump">CAD 500,000,000<span></span>
</td>
<td class="nump">CAD 250,000,000<span></span>
</td>
<td class="nump">CAD 200,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_TheManufacturersLifeInsuranceCompanyMember', window );">The Manufacturers Life Insurance Company [Member] | Subordinated debentures due on December 15, 2041 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCommitmentsAndContingenciesLineItems', window );"><strong>Disclosure of commitments and contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GuaranteedPaymentOfAmountsOnSubordinatedDebenture', window );">Guaranteed payment of amounts on subordinated debenture</a></td>
<td class="nump">650,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneMonthMember', window );">Mature in 30 Days [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCommitmentsAndContingenciesLineItems', window );"><strong>Disclosure of commitments and contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentCommitmentsOutstanding', window );">Investment commitments outstanding</a></td>
<td class="nump">682,000,000<span></span>
</td>
<td class="nump">268,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Less than 1 year [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCommitmentsAndContingenciesLineItems', window );"><strong>Disclosure of commitments and contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentCommitmentsOutstanding', window );">Investment commitments outstanding</a></td>
<td class="nump">2,177,000,000<span></span>
</td>
<td class="nump">2,665,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease', window );">Aggregate future minimum lease payments</a></td>
<td class="nump">126,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Debt outstanding</a></td>
<td class="nump">401,000,000<span></span>
</td>
<td class="nump">7,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearMember', window );">Mature after One year [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCommitmentsAndContingenciesLineItems', window );"><strong>Disclosure of commitments and contingencies [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentCommitmentsOutstanding', window );">Investment commitments outstanding</a></td>
<td class="nump">CAD 5,376,000,000<span></span>
</td>
<td class="nump">CAD 4,572,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The non-current portion of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of future minimum lease payments payable under non-cancellable operating leases. Minimum lease payments are payments over the lease term that the lessee is or can be required to make, excluding contingent rent, costs for services and taxes to be paid by, and reimbursed to, the lessor, together with: (a) for a lessee, any amounts guaranteed by the lessee or by a party related to the lessee; or (b) for a lessor, any residual value guaranteed to the lessor by: (i) the lessee; (ii) a party related to the lessee; or (iii) a third party unrelated to the lessor that is financially capable of discharging the obligations under the guarantee.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2019-01-01<br> -Name IAS<br> -Number 17<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=17&amp;date=2017-03-02&amp;anchor=para_35_a&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfCommitmentsAndContingenciesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of commitments and contingencies.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfCommitmentsAndContingenciesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_GuaranteedPaymentOfAmountsOnSubordinatedDebenture">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Guaranteed payment of amounts on subordinated debenture.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_GuaranteedPaymentOfAmountsOnSubordinatedDebenture</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_InvestmentCommitmentsOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Investment commitments outstanding.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_InvestmentCommitmentsOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_LettersOfCreditOutstandingAmount1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Letters of credit outstanding amount 1.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_LettersOfCreditOutstandingAmount1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_SubordinateGuaranteeIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Subordinate guarantee issued.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_SubordinateGuaranteeIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=mfc_VariableSurplusNoteMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=mfc_VariableSurplusNoteMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_TheManufacturersLifeInsuranceCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_TheManufacturersLifeInsuranceCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=mfc_SubordinatedDebenturesDueOnDecember152041Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=mfc_SubordinatedDebenturesDueOnDecember152041Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneMonthMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneMonthMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
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</html>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>191
<FILENAME>R162.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6895205920">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Commitments and Contingencies - Summary of Condensed Consolidated Statements of Income Information for MFC and MFLP (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CondensedConsolidatedStatementsOfIncomeInformationLineItems', window );"><strong>Condensed Consolidated Statements of Income Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Total revenue</a></td>
<td class="nump">CAD 58,323<span></span>
</td>
<td class="nump">CAD 53,337<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Net income (loss) attributed to shareholders</a></td>
<td class="nump">2,104<span></span>
</td>
<td class="nump">2,929<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_ManulifeFinancialCorporationMember', window );">MFC [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CondensedConsolidatedStatementsOfIncomeInformationLineItems', window );"><strong>Condensed Consolidated Statements of Income Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Total revenue</a></td>
<td class="nump">182<span></span>
</td>
<td class="nump">518<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Net income (loss) attributed to shareholders</a></td>
<td class="nump">2,104<span></span>
</td>
<td class="nump">2,929<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_ManufacturersLifeInsuranceMember', window );">MLI consolidated [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CondensedConsolidatedStatementsOfIncomeInformationLineItems', window );"><strong>Condensed Consolidated Statements of Income Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Total revenue</a></td>
<td class="nump">58,445<span></span>
</td>
<td class="nump">53,219<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Net income (loss) attributed to shareholders</a></td>
<td class="nump">2,467<span></span>
</td>
<td class="nump">2,916<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_OtherSubsidiariesOnCombinedBasisMember', window );">Other subsidiaries of MFC on a combined basis [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CondensedConsolidatedStatementsOfIncomeInformationLineItems', window );"><strong>Condensed Consolidated Statements of Income Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Total revenue</a></td>
<td class="nump">270<span></span>
</td>
<td class="nump">377<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Net income (loss) attributed to shareholders</a></td>
<td class="num">(257)<span></span>
</td>
<td class="num">(359)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_ConsolidatingAdjustmentsMember', window );">Consolidating adjustments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CondensedConsolidatedStatementsOfIncomeInformationLineItems', window );"><strong>Condensed Consolidated Statements of Income Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Total revenue</a></td>
<td class="num">(574)<span></span>
</td>
<td class="num">(777)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Net income (loss) attributed to shareholders</a></td>
<td class="num">(2,210)<span></span>
</td>
<td class="num">(2,557)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_ManulifeFinanceLPMember', window );">Manulife Finance (Delaware), L.P.[Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CondensedConsolidatedStatementsOfIncomeInformationLineItems', window );"><strong>Condensed Consolidated Statements of Income Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Total revenue</a></td>
<td class="nump">29<span></span>
</td>
<td class="nump">44<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Net income (loss) attributed to shareholders</a></td>
<td class="nump">CAD 6<span></span>
</td>
<td class="num">CAD (1)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) attributable to owners of the parent. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81B<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81B_a_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToOwnersOfParent</td>
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<tr>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The income arising in the course of an entity's ordinary activities. Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in an increase in equity, other than those relating to contributions from equity participants.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_32&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 33<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_33_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 34<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 82<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_82_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 18<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=18&amp;date=2017-03-02&amp;anchor=para_35_b&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br><br>Reference 9: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_v&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 11: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Revenue</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_CondensedConsolidatedStatementsOfIncomeInformationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Condensed consolidated statements of income information.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_CondensedConsolidatedStatementsOfIncomeInformationLineItems</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_ManulifeFinancialCorporationMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_ManufacturersLifeInsuranceMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_ManufacturersLifeInsuranceMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_OtherSubsidiariesOnCombinedBasisMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_OtherSubsidiariesOnCombinedBasisMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_ConsolidatingAdjustmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_ConsolidatingAdjustmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_ManulifeFinanceLPMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_ManulifeFinanceLPMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6900458128">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Commitments and Contingencies - Summary of Condensed Consolidated Statements of Financial Position for MFC and MFLP (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CondensedConsolidatedStatementsOfFinancialPositionLineItems', window );"><strong>Condensed Consolidated Statements of Financial Position [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestedAssets', window );">Invested assets</a></td>
<td class="nump">CAD 334,222<span></span>
</td>
<td class="nump">CAD 321,869<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherAssets', window );">Total other assets</a></td>
<td class="nump">71,004<span></span>
</td>
<td class="nump">83,635<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetAssetsHeldByPolicyholders', window );">Segregated funds net assets</a></td>
<td class="nump">324,307<span></span>
</td>
<td class="nump">315,177<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Insurance contract liabilities</a></td>
<td class="nump">304,605<span></span>
</td>
<td class="nump">297,505<span></span>
</td>
<td class="nump">CAD 285,288<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentContractsLiabilities', window );">Investment contract liabilities</a></td>
<td class="nump">3,126<span></span>
</td>
<td class="nump">3,275<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetLiabilities', window );">Segregated funds net liabilities</a></td>
<td class="nump">324,307<span></span>
</td>
<td class="nump">315,177<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherLiabilities', window );">Total other liabilities</a></td>
<td class="nump">55,332<span></span>
</td>
<td class="nump">61,901<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UnconsolidatedStructuredEntitiesAxis=mfc_ManulifeFinancialCorporationMember', window );">MFC [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CondensedConsolidatedStatementsOfFinancialPositionLineItems', window );"><strong>Condensed Consolidated Statements of Financial Position [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestedAssets', window );">Invested assets</a></td>
<td class="nump">21<span></span>
</td>
<td class="nump">161<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherAssets', window );">Total other assets</a></td>
<td class="nump">48,688<span></span>
</td>
<td class="nump">48,073<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherLiabilities', window );">Total other liabilities</a></td>
<td class="nump">7,696<span></span>
</td>
<td class="nump">6,402<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UnconsolidatedStructuredEntitiesAxis=mfc_ManufacturersLifeInsuranceMember', window );">MLI consolidated [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CondensedConsolidatedStatementsOfFinancialPositionLineItems', window );"><strong>Condensed Consolidated Statements of Financial Position [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestedAssets', window );">Invested assets</a></td>
<td class="nump">334,191<span></span>
</td>
<td class="nump">321,698<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherAssets', window );">Total other assets</a></td>
<td class="nump">71,180<span></span>
</td>
<td class="nump">83,607<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetAssetsHeldByPolicyholders', window );">Segregated funds net assets</a></td>
<td class="nump">324,307<span></span>
</td>
<td class="nump">315,177<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Insurance contract liabilities</a></td>
<td class="nump">304,605<span></span>
</td>
<td class="nump">297,505<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentContractsLiabilities', window );">Investment contract liabilities</a></td>
<td class="nump">3,126<span></span>
</td>
<td class="nump">3,275<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetLiabilities', window );">Segregated funds net liabilities</a></td>
<td class="nump">324,307<span></span>
</td>
<td class="nump">315,177<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherLiabilities', window );">Total other liabilities</a></td>
<td class="nump">48,145<span></span>
</td>
<td class="nump">55,808<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UnconsolidatedStructuredEntitiesAxis=mfc_OtherSubsidiariesOnCombinedBasisMember', window );">Other subsidiaries of MFC on a combined basis [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CondensedConsolidatedStatementsOfFinancialPositionLineItems', window );"><strong>Condensed Consolidated Statements of Financial Position [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestedAssets', window );">Invested assets</a></td>
<td class="nump">10<span></span>
</td>
<td class="nump">10<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherAssets', window );">Total other assets</a></td>
<td class="nump">4<span></span>
</td>
<td class="nump">4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UnconsolidatedStructuredEntitiesAxis=mfc_ConsolidatingAdjustmentsMember', window );">Consolidating adjustments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CondensedConsolidatedStatementsOfFinancialPositionLineItems', window );"><strong>Condensed Consolidated Statements of Financial Position [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherAssets', window );">Total other assets</a></td>
<td class="num">(48,868)<span></span>
</td>
<td class="num">(48,049)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherLiabilities', window );">Total other liabilities</a></td>
<td class="num">(509)<span></span>
</td>
<td class="num">(309)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_UnconsolidatedStructuredEntitiesAxis=mfc_ManulifeFinanceLPMember', window );">Manulife Finance (Delaware), L.P.[Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CondensedConsolidatedStatementsOfFinancialPositionLineItems', window );"><strong>Condensed Consolidated Statements of Financial Position [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestedAssets', window );">Invested assets</a></td>
<td class="nump">5<span></span>
</td>
<td class="nump">6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherAssets', window );">Total other assets</a></td>
<td class="nump">1,033<span></span>
</td>
<td class="nump">1,085<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherLiabilities', window );">Total other liabilities</a></td>
<td class="nump">CAD 831<span></span>
</td>
<td class="nump">CAD 882<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InvestmentContractsLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities relating to investment contracts that fall within the scope of IAS 39 or IFRS 9.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InvestmentContractsLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities under insurance contracts and reinsurance contracts issued. [Refer: Types of insurance contracts [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_37_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_37_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph IG20<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_IG20_a&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph IG37<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_IG37_a&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LiabilitiesArisingFromInsuranceContracts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of assets that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities that the entity does not separately disclose in the same statement or note.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_CondensedConsolidatedStatementsOfFinancialPositionLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Condensed Consolidated Statements of Financial Position [Line Items].</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_CondensedConsolidatedStatementsOfFinancialPositionLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_InvestedAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Invested assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_InvestedAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_SegregatedFundsNetAssetsHeldByPolicyholders">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Segregated funds net assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_SegregatedFundsNetAssetsHeldByPolicyholders</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_SegregatedFundsNetLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Segregated funds net liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_SegregatedFundsNetLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UnconsolidatedStructuredEntitiesAxis=mfc_ManulifeFinancialCorporationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UnconsolidatedStructuredEntitiesAxis=mfc_ManulifeFinancialCorporationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UnconsolidatedStructuredEntitiesAxis=mfc_ManufacturersLifeInsuranceMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UnconsolidatedStructuredEntitiesAxis=mfc_ManufacturersLifeInsuranceMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UnconsolidatedStructuredEntitiesAxis=mfc_OtherSubsidiariesOnCombinedBasisMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UnconsolidatedStructuredEntitiesAxis=mfc_OtherSubsidiariesOnCombinedBasisMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UnconsolidatedStructuredEntitiesAxis=mfc_ConsolidatingAdjustmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UnconsolidatedStructuredEntitiesAxis=mfc_ConsolidatingAdjustmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_UnconsolidatedStructuredEntitiesAxis=mfc_ManulifeFinanceLPMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_UnconsolidatedStructuredEntitiesAxis=mfc_ManulifeFinanceLPMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>193
<FILENAME>R164.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6937524512">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Commitments and Contingencies - Schedule of Pledged Assets (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_DebtSecuritiesMember', window );">Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfPledgedAssetsLineItems', window );"><strong>Disclosure Of Pledged Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities', window );">Pledged amount</a></td>
<td class="nump">CAD 3,818<span></span>
</td>
<td class="nump">CAD 5,345<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_DebtSecuritiesMember', window );">Debt securities [Member] | Derivatives [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfPledgedAssetsLineItems', window );"><strong>Disclosure Of Pledged Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities', window );">Pledged amount</a></td>
<td class="nump">3,189<span></span>
</td>
<td class="nump">4,678<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_DebtSecuritiesMember', window );">Debt securities [Member] | Regulatory requirements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfPledgedAssetsLineItems', window );"><strong>Disclosure Of Pledged Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities', window );">Pledged amount</a></td>
<td class="nump">398<span></span>
</td>
<td class="nump">409<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_DebtSecuritiesMember', window );">Debt securities [Member] | Repurchase agreements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfPledgedAssetsLineItems', window );"><strong>Disclosure Of Pledged Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities', window );">Pledged amount</a></td>
<td class="nump">228<span></span>
</td>
<td class="nump">255<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_DebtSecuritiesMember', window );">Debt securities [Member] | Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfPledgedAssetsLineItems', window );"><strong>Disclosure Of Pledged Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities', window );">Pledged amount</a></td>
<td class="nump">3<span></span>
</td>
<td class="nump">3<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_OtherEquitySecuritiesMember', window );">Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfPledgedAssetsLineItems', window );"><strong>Disclosure Of Pledged Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities', window );">Pledged amount</a></td>
<td class="nump">815<span></span>
</td>
<td class="nump">837<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_OtherEquitySecuritiesMember', window );">Other [Member] | Derivatives [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfPledgedAssetsLineItems', window );"><strong>Disclosure Of Pledged Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities', window );">Pledged amount</a></td>
<td class="nump">44<span></span>
</td>
<td class="nump">99<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_OtherEquitySecuritiesMember', window );">Other [Member] | Regulatory requirements [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfPledgedAssetsLineItems', window );"><strong>Disclosure Of Pledged Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities', window );">Pledged amount</a></td>
<td class="nump">86<span></span>
</td>
<td class="nump">78<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_OtherEquitySecuritiesMember', window );">Other [Member] | Real estate [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfPledgedAssetsLineItems', window );"><strong>Disclosure Of Pledged Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities', window );">Pledged amount</a></td>
<td class="nump">2<span></span>
</td>
<td class="nump">22<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_OtherEquitySecuritiesMember', window );">Other [Member] | Non-registered retirement plans in trust [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfPledgedAssetsLineItems', window );"><strong>Disclosure Of Pledged Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities', window );">Pledged amount</a></td>
<td class="nump">412<span></span>
</td>
<td class="nump">464<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_OtherEquitySecuritiesMember', window );">Other [Member] | Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfPledgedAssetsLineItems', window );"><strong>Disclosure Of Pledged Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities', window );">Pledged amount</a></td>
<td class="nump">CAD 271<span></span>
</td>
<td class="nump">CAD 174<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of financial assets that the entity has pledged as collateral for liabilities or contingent liabilities, including amounts that have been reclassified in accordance with paragraph 3.2.23(a) of IFRS 9. [Refer: Contingent liabilities [member]; Financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 14<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_14_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfPledgedAssetsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Pledged assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfPledgedAssetsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_DebtSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=ifrs-full_DebtSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_DerivativesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_DerivativesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_RegulatoryRequirementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=mfc_RegulatoryRequirementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_RepurchaseAgreements1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=mfc_RepurchaseAgreements1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_OtherPledgeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=mfc_OtherPledgeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_OtherEquitySecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=ifrs-full_OtherEquitySecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_RealEstate1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=mfc_RealEstate1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfFinancialAssetsAxis=mfc_NonRegisteredRetirementPlansInTrustMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfFinancialAssetsAxis=mfc_NonRegisteredRetirementPlansInTrustMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>194
<FILENAME>R165.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6935194544">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Segmented Information - Summary of Results by Segments (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">CAD 28,210<span></span>
</td>
<td class="nump">CAD 27,632<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInvestmentIncomeLoss', window );">Net investment income</a></td>
<td class="nump">19,367<span></span>
</td>
<td class="nump">14,524<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherRevenue', window );">Other revenue</a></td>
<td class="nump">10,746<span></span>
</td>
<td class="nump">11,181<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Total revenue</a></td>
<td class="nump">58,323<span></span>
</td>
<td class="nump">53,337<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries', window );">Net benefits and claims</a></td>
<td class="nump">39,301<span></span>
</td>
<td class="nump">34,134<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestExpense', window );">Interest expense</a></td>
<td class="nump">1,139<span></span>
</td>
<td class="nump">1,013<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherExpenseByNature', window );">Other expenses</a></td>
<td class="nump">15,382<span></span>
</td>
<td class="nump">14,861<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_BenefitsExpenseArisingFromInsuranceContracts', window );">Total contract benefits and expenses</a></td>
<td class="nump">55,822<span></span>
</td>
<td class="nump">50,008<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income (loss) before income taxes</a></td>
<td class="nump">2,501<span></span>
</td>
<td class="nump">3,329<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Income tax recovery (expense)</a></td>
<td class="num">(239)<span></span>
</td>
<td class="num">(196)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income (loss)</a></td>
<td class="nump">2,262<span></span>
</td>
<td class="nump">3,133<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToNoncontrollingInterests', window );">Non-controlling interests</a></td>
<td class="nump">194<span></span>
</td>
<td class="nump">143<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProfitLossAttributableToParticipatingPolicyholders', window );">Participating policyholders</a></td>
<td class="num">(36)<span></span>
</td>
<td class="nump">61<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Net income (loss) attributed to shareholders</a></td>
<td class="nump">2,104<span></span>
</td>
<td class="nump">2,929<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">729,533<span></span>
</td>
<td class="nump">720,681<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProductsAndServicesAxis=mfc_LifeAndHealthInsuranceMember', window );">Life and health insurance [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">24,355<span></span>
</td>
<td class="nump">23,268<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries', window );">Net benefits and claims</a></td>
<td class="nump">34,530<span></span>
</td>
<td class="nump">27,277<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProductsAndServicesAxis=mfc_AnnuitiesAndPensionsMember', window );">Annuities and pensions [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">3,855<span></span>
</td>
<td class="nump">4,364<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries', window );">Net benefits and claims</a></td>
<td class="nump">4,771<span></span>
</td>
<td class="nump">6,857<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_OperatingSegmentsMember', window );">Operating segments [Member] | Asia Division [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">15,713<span></span>
</td>
<td class="nump">15,585<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInvestmentIncomeLoss', window );">Net investment income</a></td>
<td class="nump">4,080<span></span>
</td>
<td class="nump">2,143<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherRevenue', window );">Other revenue</a></td>
<td class="nump">1,739<span></span>
</td>
<td class="nump">1,566<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Total revenue</a></td>
<td class="nump">21,532<span></span>
</td>
<td class="nump">19,294<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries', window );">Net benefits and claims</a></td>
<td class="nump">14,012<span></span>
</td>
<td class="nump">13,348<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestExpense', window );">Interest expense</a></td>
<td class="nump">164<span></span>
</td>
<td class="nump">146<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherExpenseByNature', window );">Other expenses</a></td>
<td class="nump">4,937<span></span>
</td>
<td class="nump">4,241<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_BenefitsExpenseArisingFromInsuranceContracts', window );">Total contract benefits and expenses</a></td>
<td class="nump">19,113<span></span>
</td>
<td class="nump">17,735<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income (loss) before income taxes</a></td>
<td class="nump">2,419<span></span>
</td>
<td class="nump">1,559<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Income tax recovery (expense)</a></td>
<td class="num">(403)<span></span>
</td>
<td class="num">(243)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income (loss)</a></td>
<td class="nump">2,016<span></span>
</td>
<td class="nump">1,316<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToNoncontrollingInterests', window );">Non-controlling interests</a></td>
<td class="nump">197<span></span>
</td>
<td class="nump">115<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProfitLossAttributableToParticipatingPolicyholders', window );">Participating policyholders</a></td>
<td class="num">(30)<span></span>
</td>
<td class="nump">60<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Net income (loss) attributed to shareholders</a></td>
<td class="nump">1,849<span></span>
</td>
<td class="nump">1,141<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">105,233<span></span>
</td>
<td class="nump">92,843<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_OperatingSegmentsMember', window );">Operating segments [Member] | Asia Division [Member] | Life and health insurance [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">13,145<span></span>
</td>
<td class="nump">12,111<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries', window );">Net benefits and claims</a></td>
<td class="nump">11,961<span></span>
</td>
<td class="nump">10,435<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_OperatingSegmentsMember', window );">Operating segments [Member] | Asia Division [Member] | Annuities and pensions [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">2,568<span></span>
</td>
<td class="nump">3,474<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries', window );">Net benefits and claims</a></td>
<td class="nump">2,051<span></span>
</td>
<td class="nump">2,913<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_OperatingSegmentsMember', window );">Operating segments [Member] | Canadian Division [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">4,765<span></span>
</td>
<td class="nump">4,972<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInvestmentIncomeLoss', window );">Net investment income</a></td>
<td class="nump">4,573<span></span>
</td>
<td class="nump">4,255<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherRevenue', window );">Other revenue</a></td>
<td class="nump">3,517<span></span>
</td>
<td class="nump">3,480<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Total revenue</a></td>
<td class="nump">12,855<span></span>
</td>
<td class="nump">12,707<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries', window );">Net benefits and claims</a></td>
<td class="nump">7,457<span></span>
</td>
<td class="nump">6,386<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestExpense', window );">Interest expense</a></td>
<td class="nump">307<span></span>
</td>
<td class="nump">305<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherExpenseByNature', window );">Other expenses</a></td>
<td class="nump">4,435<span></span>
</td>
<td class="nump">4,279<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_BenefitsExpenseArisingFromInsuranceContracts', window );">Total contract benefits and expenses</a></td>
<td class="nump">12,199<span></span>
</td>
<td class="nump">10,970<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income (loss) before income taxes</a></td>
<td class="nump">656<span></span>
</td>
<td class="nump">1,737<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Income tax recovery (expense)</a></td>
<td class="nump">95<span></span>
</td>
<td class="num">(250)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income (loss)</a></td>
<td class="nump">751<span></span>
</td>
<td class="nump">1,487<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProfitLossAttributableToParticipatingPolicyholders', window );">Participating policyholders</a></td>
<td class="num">(6)<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Net income (loss) attributed to shareholders</a></td>
<td class="nump">757<span></span>
</td>
<td class="nump">1,486<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">220,755<span></span>
</td>
<td class="nump">214,820<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_OperatingSegmentsMember', window );">Operating segments [Member] | Canadian Division [Member] | Life and health insurance [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">4,322<span></span>
</td>
<td class="nump">4,366<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries', window );">Net benefits and claims</a></td>
<td class="nump">5,644<span></span>
</td>
<td class="nump">5,207<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_OperatingSegmentsMember', window );">Operating segments [Member] | Canadian Division [Member] | Annuities and pensions [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">443<span></span>
</td>
<td class="nump">606<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries', window );">Net benefits and claims</a></td>
<td class="nump">1,813<span></span>
</td>
<td class="nump">1,179<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_OperatingSegmentsMember', window );">Operating segments [Member] | US Division [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">7,622<span></span>
</td>
<td class="nump">6,987<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInvestmentIncomeLoss', window );">Net investment income</a></td>
<td class="nump">10,649<span></span>
</td>
<td class="nump">7,980<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherRevenue', window );">Other revenue</a></td>
<td class="nump">6,166<span></span>
</td>
<td class="nump">5,591<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Total revenue</a></td>
<td class="nump">24,437<span></span>
</td>
<td class="nump">20,558<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries', window );">Net benefits and claims</a></td>
<td class="nump">17,371<span></span>
</td>
<td class="nump">13,594<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestExpense', window );">Interest expense</a></td>
<td class="nump">37<span></span>
</td>
<td class="nump">45<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherExpenseByNature', window );">Other expenses</a></td>
<td class="nump">6,050<span></span>
</td>
<td class="nump">5,619<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_BenefitsExpenseArisingFromInsuranceContracts', window );">Total contract benefits and expenses</a></td>
<td class="nump">23,458<span></span>
</td>
<td class="nump">19,258<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income (loss) before income taxes</a></td>
<td class="nump">979<span></span>
</td>
<td class="nump">1,300<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Income tax recovery (expense)</a></td>
<td class="num">(1,275)<span></span>
</td>
<td class="num">(166)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income (loss)</a></td>
<td class="num">(296)<span></span>
</td>
<td class="nump">1,134<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Net income (loss) attributed to shareholders</a></td>
<td class="num">(296)<span></span>
</td>
<td class="nump">1,134<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">383,528<span></span>
</td>
<td class="nump">386,619<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_OperatingSegmentsMember', window );">Operating segments [Member] | US Division [Member] | Life and health insurance [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">6,778<span></span>
</td>
<td class="nump">6,703<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries', window );">Net benefits and claims</a></td>
<td class="nump">16,464<span></span>
</td>
<td class="nump">10,829<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_OperatingSegmentsMember', window );">Operating segments [Member] | US Division [Member] | Annuities and pensions [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">844<span></span>
</td>
<td class="nump">284<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries', window );">Net benefits and claims</a></td>
<td class="nump">907<span></span>
</td>
<td class="nump">2,765<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_UnallocatedAmountsMember', window );">Corporate and other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">110<span></span>
</td>
<td class="nump">88<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInvestmentIncomeLoss', window );">Net investment income</a></td>
<td class="nump">65<span></span>
</td>
<td class="nump">146<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherRevenue', window );">Other revenue</a></td>
<td class="num">(676)<span></span>
</td>
<td class="nump">544<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Total revenue</a></td>
<td class="num">(501)<span></span>
</td>
<td class="nump">778<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries', window );">Net benefits and claims</a></td>
<td class="nump">461<span></span>
</td>
<td class="nump">806<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InterestExpense', window );">Interest expense</a></td>
<td class="nump">631<span></span>
</td>
<td class="nump">517<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherExpenseByNature', window );">Other expenses</a></td>
<td class="num">(40)<span></span>
</td>
<td class="nump">722<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_BenefitsExpenseArisingFromInsuranceContracts', window );">Total contract benefits and expenses</a></td>
<td class="nump">1,052<span></span>
</td>
<td class="nump">2,045<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income (loss) before income taxes</a></td>
<td class="num">(1,553)<span></span>
</td>
<td class="num">(1,267)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Income tax recovery (expense)</a></td>
<td class="nump">1,344<span></span>
</td>
<td class="nump">463<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income (loss)</a></td>
<td class="num">(209)<span></span>
</td>
<td class="num">(804)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToNoncontrollingInterests', window );">Non-controlling interests</a></td>
<td class="num">(3)<span></span>
</td>
<td class="nump">28<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Net income (loss) attributed to shareholders</a></td>
<td class="num">(206)<span></span>
</td>
<td class="num">(832)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">20,017<span></span>
</td>
<td class="nump">26,399<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_UnallocatedAmountsMember', window );">Corporate and other [Member] | Life and health insurance [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems', window );"><strong>Disclosure of operating segments [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">110<span></span>
</td>
<td class="nump">88<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries', window );">Net benefits and claims</a></td>
<td class="nump">CAD 461<span></span>
</td>
<td class="nump">CAD 806<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of resources: (a) controlled by the entity as a result of past events; and (b) from which future economic benefits are expected to flow to the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of claims and benefits paid to policyholders, net of reinsurance recoveries.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfOperatingSegmentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfOperatingSegmentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxExpenseContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax that relate to continuing operations. [Refer: Continuing operations [member]; Current tax expense (income); Deferred tax expense (income)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause viii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=26&amp;date=2017-03-01&amp;anchor=para_35_b_viii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -Subparagraph h<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23_h&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 79<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_79&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 82<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_82_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_c_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B13<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B13_g&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxExpenseContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense arising from interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B13<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B13_f&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NetEarnedPremium">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of premiums earned on insurance contracts net of reinsurance premiums. [Refer: Types of insurance contracts [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NetEarnedPremium</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherExpenseByNature">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expenses that the entity does not separately disclose in the same statement or note when the entity uses the 'nature of expense' form for its analysis of expenses. [Refer: Expenses, by nature]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherExpenseByNature</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of revenue arising from sources that the entity does not separately disclose in the same statement or note. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 18<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=18&amp;date=2017-03-02&amp;anchor=para_35_b&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 18<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective on first application of IFRS 9<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 39L<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_39L_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToNoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) attributable to non-controlling interests. [Refer: Profit (loss); Non-controlling interests]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 12<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_12_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81B<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81B_a_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToNoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) attributable to owners of the parent. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81B<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81B_a_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToOwnersOfParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing operations before tax expense or income. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Revenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The income arising in the course of an entity's ordinary activities. Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in an increase in equity, other than those relating to contributions from equity participants.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_32&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 33<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_33_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 34<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 82<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_82_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 18<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=18&amp;date=2017-03-02&amp;anchor=para_35_b&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br><br>Reference 9: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_v&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 11: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Revenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_BenefitsExpenseArisingFromInsuranceContracts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Benefits expense arising from insurance contracts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_BenefitsExpenseArisingFromInsuranceContracts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NetInvestmentIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net investment income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NetInvestmentIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ProfitLossAttributableToParticipatingPolicyholders">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Profit loss attributable to participating policyholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ProfitLossAttributableToParticipatingPolicyholders</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProductsAndServicesAxis=mfc_LifeAndHealthInsuranceMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProductsAndServicesAxis=mfc_LifeAndHealthInsuranceMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProductsAndServicesAxis=mfc_AnnuitiesAndPensionsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProductsAndServicesAxis=mfc_AnnuitiesAndPensionsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_OperatingSegmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_OperatingSegmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=mfc_AsiaDivisionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=mfc_AsiaDivisionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=mfc_CanadianDivisionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=mfc_CanadianDivisionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentsAxis=mfc_UsDivisionMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentsAxis=mfc_UsDivisionMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_UnallocatedAmountsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SegmentConsolidationItemsAxis=ifrs-full_UnallocatedAmountsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6903679968">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Segmented Information - Summary of Results by Geographic Location (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">CAD 28,210<span></span>
</td>
<td class="nump">CAD 27,632<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInvestmentIncomeLoss', window );">Net investment income</a></td>
<td class="nump">19,367<span></span>
</td>
<td class="nump">14,524<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherRevenue', window );">Other revenue</a></td>
<td class="nump">10,746<span></span>
</td>
<td class="nump">11,181<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Total revenue</a></td>
<td class="nump">58,323<span></span>
</td>
<td class="nump">53,337<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProductsAndServicesAxis=mfc_LifeAndHealthInsuranceMember', window );">Life and health insurance [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">24,355<span></span>
</td>
<td class="nump">23,268<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProductsAndServicesAxis=mfc_AnnuitiesAndPensionsMember', window );">Annuities and pensions [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">3,855<span></span>
</td>
<td class="nump">4,364<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=us-gaap_AsiaMember', window );">Asia [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">15,783<span></span>
</td>
<td class="nump">15,658<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInvestmentIncomeLoss', window );">Net investment income</a></td>
<td class="nump">4,258<span></span>
</td>
<td class="nump">2,368<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherRevenue', window );">Other revenue</a></td>
<td class="nump">1,632<span></span>
</td>
<td class="nump">1,608<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Total revenue</a></td>
<td class="nump">21,673<span></span>
</td>
<td class="nump">19,634<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=us-gaap_AsiaMember', window );">Asia [Member] | Life and health insurance [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">13,215<span></span>
</td>
<td class="nump">12,184<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=us-gaap_AsiaMember', window );">Asia [Member] | Annuities and pensions [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">2,568<span></span>
</td>
<td class="nump">3,474<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_CA', window );">Canada [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">4,337<span></span>
</td>
<td class="nump">4,515<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInvestmentIncomeLoss', window );">Net investment income</a></td>
<td class="nump">4,642<span></span>
</td>
<td class="nump">4,096<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherRevenue', window );">Other revenue</a></td>
<td class="nump">3,187<span></span>
</td>
<td class="nump">3,443<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Total revenue</a></td>
<td class="nump">12,166<span></span>
</td>
<td class="nump">12,054<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_CA', window );">Canada [Member] | Life and health insurance [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">3,894<span></span>
</td>
<td class="nump">3,909<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_CA', window );">Canada [Member] | Annuities and pensions [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">443<span></span>
</td>
<td class="nump">606<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_US', window );">U.S [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">7,624<span></span>
</td>
<td class="nump">6,989<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInvestmentIncomeLoss', window );">Net investment income</a></td>
<td class="nump">10,407<span></span>
</td>
<td class="nump">7,880<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherRevenue', window );">Other revenue</a></td>
<td class="nump">5,911<span></span>
</td>
<td class="nump">6,105<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Total revenue</a></td>
<td class="nump">23,942<span></span>
</td>
<td class="nump">20,974<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_US', window );">U.S [Member] | Life and health insurance [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">6,780<span></span>
</td>
<td class="nump">6,705<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_US', window );">U.S [Member] | Annuities and pensions [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">844<span></span>
</td>
<td class="nump">284<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=mfc_OtherCountriesMember', window );">Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">466<span></span>
</td>
<td class="nump">470<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInvestmentIncomeLoss', window );">Net investment income</a></td>
<td class="nump">60<span></span>
</td>
<td class="nump">180<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherRevenue', window );">Other revenue</a></td>
<td class="nump">16<span></span>
</td>
<td class="nump">25<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Total revenue</a></td>
<td class="nump">542<span></span>
</td>
<td class="nump">675<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=mfc_OtherCountriesMember', window );">Other [Member] | Life and health insurance [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfGeographicalAreasLineItems', window );"><strong>Disclosure of geographical areas [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">CAD 466<span></span>
</td>
<td class="nump">CAD 470<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfGeographicalAreasLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfGeographicalAreasLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NetEarnedPremium">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of premiums earned on insurance contracts net of reinsurance premiums. [Refer: Types of insurance contracts [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NetEarnedPremium</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of revenue arising from sources that the entity does not separately disclose in the same statement or note. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 18<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=18&amp;date=2017-03-02&amp;anchor=para_35_b&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Revenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The income arising in the course of an entity's ordinary activities. Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in an increase in equity, other than those relating to contributions from equity participants.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_32&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 33<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_33_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 34<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 82<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_82_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 18<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=18&amp;date=2017-03-02&amp;anchor=para_35_b&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br><br>Reference 9: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_v&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 11: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Revenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NetInvestmentIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net investment income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NetInvestmentIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProductsAndServicesAxis=mfc_LifeAndHealthInsuranceMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProductsAndServicesAxis=mfc_LifeAndHealthInsuranceMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProductsAndServicesAxis=mfc_AnnuitiesAndPensionsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProductsAndServicesAxis=mfc_AnnuitiesAndPensionsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=us-gaap_AsiaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=us-gaap_AsiaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_CA">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_CA</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=country_US">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_US</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_GeographicalAreasAxis=mfc_OtherCountriesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=mfc_OtherCountriesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>196
<FILENAME>R167.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
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<html>
<head>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6887771104">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Related Parties - Summary of Compensation of Key Management Personnel (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCompensationOfKeyManagementPersonnelAbstract', window );"><strong>Disclosure Of Compensation Of Key Management Personnel [abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits', window );">Short-term employee benefits</a></td>
<td class="nump">CAD 44<span></span>
</td>
<td class="nump">CAD 33<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits', window );">Post-employment benefits</a></td>
<td class="nump">3<span></span>
</td>
<td class="nump">3<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment', window );">Share-based payments</a></td>
<td class="nump">43<span></span>
</td>
<td class="nump">44<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits', window );">Termination benefits</a></td>
<td class="nump">6<span></span>
</td>
<td class="nump">4<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensationOtherLongtermBenefits', window );">Other long-term benefits</a></td>
<td class="nump">2<span></span>
</td>
<td class="nump">3<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_KeyManagementPersonnelCompensation', window );">Total</a></td>
<td class="nump">CAD 98<span></span>
</td>
<td class="nump">CAD 87<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_KeyManagementPersonnelCompensation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of compensation to key management personnel. [Refer: Key management personnel of entity or parent [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=24&amp;date=2017-03-01&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_KeyManagementPersonnelCompensation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_KeyManagementPersonnelCompensationOtherLongtermBenefits">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of compensation to key management personnel in the form of other long-term employee benefits. [Refer: Other long-term employee benefits; Key management personnel of entity or parent [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=24&amp;date=2017-03-01&amp;anchor=para_17_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_KeyManagementPersonnelCompensationOtherLongtermBenefits</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of compensation to key management personnel in the form of post-employment benefits. [Refer: Key management personnel of entity or parent [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=24&amp;date=2017-03-01&amp;anchor=para_17_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td>duration</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of compensation to key management personnel in the form of share-based payments. [Refer: Key management personnel of entity or parent [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=24&amp;date=2017-03-01&amp;anchor=para_17_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of compensation to key management personnel in the form of short-term employee benefits. [Refer: Key management personnel of entity or parent [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=24&amp;date=2017-03-01&amp;anchor=para_17_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of compensation to key management personnel in the form of termination benefits. [Refer: Termination benefits expense; Key management personnel of entity or parent [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 24<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=24&amp;date=2017-03-01&amp;anchor=para_17_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure Of Compensation Of Key Management Personnel abstract.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6900499600">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Subsidiaries - Summary of Directly and Indirectly Held Major Operating Subsidiaries (Detail)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_TheManufacturersLifeInsuranceCompanyMember', window );">The Manufacturers Life Insurance Company [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">The Manufacturers Life Insurance Company<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Toronto, Canada     <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Leading Canadian-based financial services company that offers a diverse range of financial protection products and wealth management services<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeHoldingsAlbertaLimitedMember', window );">Manulife Holdings (Alberta) Limited [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Holdings (Alberta) Limited<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Calgary, Canada<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Holding company<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockFinancialCorporationMember', window );">John Hancock Financial Corporation [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">John Hancock Financial Corporation<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Wilmington, Delaware, U.S.A.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Holding company <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_TheManufacturersInvestmentCorporationMember', window );">The Manufacturers Investment Corporation [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">The Manufacturers Investment Corporation<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Michigan, U.S.A.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Holding company<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockReassuranceCompanyLtdUSAMember', window );">John Hancock Reassurance Company Ltd. [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">John Hancock Reassurance Company Ltd. U.S.A.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Michigan, U.S.A.     <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Captive insurance subsidiary that provides life, annuity and long-term care reinsurance to affiliates <span></span>
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</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockLifeInsuranceCompanyUsaMember', window );">John Hancock Life Insurance Company (U.S.A.) [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">John Hancock Life Insurance Company (U.S.A.)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Michigan, U.S.A.   <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">U.S. life insurance company licensed in all states, except New York <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockSubsidiariesLlcMember', window );">John Hancock Subsidiaries LLC [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">John Hancock Subsidiaries LLC<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Wilmington, Delaware, U.S.A. <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Holding company  <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockFinancialNetworkIncMember', window );">John Hancock Financial Network, Inc. [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">John Hancock Financial Network, Inc.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Boston, Massachusetts, U.S.A. <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Financial services distribution organization <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockAdvisersLlcMember', window );">John Hancock Advisers, LLC [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">John Hancock Advisers, LLC<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Boston, Massachusetts, U.S.A. <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Investment advisor  <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockFundsLlcMember', window );">John Hancock Funds LLC [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">John Hancock Funds, LLC<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Boston, Massachusetts, U.S.A. <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Broker-dealer  <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssetManagementUsLlcMember', window );">Manulife Asset Management (US) LLC [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Asset Management (US) LLC<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Wilmington, Delaware, U.S.A. <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Asset management company  <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_HancockNaturalResourceGroupIncMember', window );">Hancock Natural Resource Group, Inc. [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Hancock Natural Resource Group, Inc.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Boston, Massachusetts, U.S.A.  <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Manager of globally diversified timberland and agricultural portfolios <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockLifeInsuranceCompanyOfNewYorkMember', window );">John Hancock Life Insurance Company of New York [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">John Hancock Life Insurance Company of New York<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">New York, U.S.A. <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">U.S. life insurance company licensed in New York<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockInvestmentManagementServicesLlcMember', window );">John Hancock Investment Management Services, LLC [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">John Hancock Investment Management Services, LLC<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Boston, Massachusetts, U.S.A.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Investment advisor <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockLifeHealthInsuranceCompanyMember', window );">John Hancock Life &amp; Health Insurance Company [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">John Hancock Life & Health Insurance Company<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Boston, Massachusetts, U.S.A.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">U.S. life insurance company licensed in all states<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockDistributorsLlcMember', window );">John Hancock Distributors, LLC [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">John Hancock Distributors LLC<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Wilmington, Delaware, U.S.A. <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Broker-dealer  <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockInsuranceAgencyIncMember', window );">John Hancock Insurance Agency, Inc. [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">John Hancock Insurance Agency, Inc.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Wilmington, Delaware, U.S.A. <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Insurance agency  <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeReinsuranceLimitedMember', window );">Manulife Reinsurance Limited [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Reinsurance Limited<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Hamilton, Bermuda  <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Provides life and financial reinsurance to affiliates <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeReinsuranceBermudaLimitedMember', window );">Manulife Reinsurance (Bermuda) Limited [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Reinsurance (Bermuda) Limited<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Hamilton, Bermuda  <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Provides life and annuity reinsurance to affiliates <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeBankofCanadaMember', window );">Manulife Bank of Canada [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Bank of Canada<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Waterloo, Canada    <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Provides integrated banking products and service options not available from an insurance company <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssetManagementHoldingsCanadaIncMember', window );">Manulife Asset Management Holdings (Canada) Inc. [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Asset Management Holdings (Canada) Inc.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Toronto, Canada <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Holding company <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssetManagementLimitedMember', window );">Manulife Asset Management Limited [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Asset Management Limited<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Toronto, Canada    <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Provides investment counseling, portfolio and mutual fund management in Canada <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_FirstNorthAmericanInsuranceCompanyMember', window );">First North American Insurance Company [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">First North American Insurance Company<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Toronto, Canada  <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Property and casualty insurance company <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_NalResourcesManagementLimitedMember', window );">NAL Resources Management Limited [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">NAL Resources Management Limited<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Calgary, Canada  <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Management company for oil and gas properties <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeResourcesLimitedMember', window );">Manulife Resources Limited [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Resources Limited<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Calgary, Canada  <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Holds oil and gas properties <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifePropertyLimitedPartnershipMember', window );">Manulife Property Limited Partnership [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Property Limited Partnership<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Toronto, Canada<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Holds oil and gas royalties<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifePropertyLimitedPartnershipIiMember', window );">Manulife Property Limited Partnership II [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Property Limited Partnership II<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Toronto, Canada   <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Holds oil and gas royalties and foreign bonds and equities <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeWesternHoldingsLimitedPartnershipMember', window );">Manulife Western Holdings Limited Partnership [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Western Holdings Limited Partnership<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Calgary, Canada <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Holds oil and gas properties<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeSecuritiesInvestmentServicesIncMember', window );">Manulife Securities Investment Services Inc. [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Securities Investment Services Inc.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Oakville, Canada <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Mutual fund dealer for Canadian operations<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeHoldingsBermudaLimitedMember', window );">Manulife Holdings (Bermuda) Limited [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Holdings (Bermuda) Limited<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Hamilton, Bermuda<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Holding company<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManufacturersPcLimitedMember', window );">Manufacturers P &amp; C Limited [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manufacturers P & C Limited<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">St. Michael, Barbados  <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Provides property and casualty reinsurance <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeFinancialAsiaLimitedMember', window );">Manulife Financial Asia Limited [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Financial Asia Limited<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Hong Kong, China<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Holding company<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeCambodiaPlcMember', window );">Manulife (Cambodia) PLC [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife (Cambodia) PLC<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Phnom Penh, Cambodia<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Life insurance company<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManufacturersLifeReinsuranceLimitedMember', window );">Manufacturers Life Reinsurance Limited [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manufacturers Life Reinsurance Limited<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">St. Michael, Barbados  <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Provides life and annuity reinsurance to affiliates <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeVietnamLimitedMember', window );">Manulife (Vietnam) Limited [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife (Vietnam) Limited<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Ho Chi Minh City, Vietnam <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Life insurance company  <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssetManagementVietnamCompanyLimitedMember', window );">Manulife Asset Management (Vietnam) Company Limited [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Asset Management (Vietnam) pany Limited<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Ho Chi Minh City, Vietnam<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Fund management company <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeInternationalHoldingsLimitedMember', window );">Manulife International Holdings Limited [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife International Holdings Limited<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Hong Kong, China<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Holding company<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeInternationalLimitedMember', window );">Manulife (International) Limited [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife (International) Limited<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Hong Kong, China<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Life insurance company<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeSinochemLifeInsuranceCoLtdMember', window );">Manulife-Sinochem Life Insurance Co. Ltd. [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife-Sinochem Life Insurance Co. Ltd. (51%)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Shanghai, China <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Life insurance company <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">51.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">51.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssetManagementInternationalHoldingsLimitedMember', window );">Manulife Asset Management International Holdings Limited [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Asset Management International Holdings Limited<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Hong Kong, China <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Holding company <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssetManagementHongKongLimitedMember', window );">Manulife Asset Management (Hong Kong) Limited [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Asset Management (Hong Kong) Limited<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Hong Kong, China   <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Investment management and advisory company marketing mutual funds <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssetManagementTaiwanCoLtdMember', window );">Manulife Asset Management (Taiwan) Co., Ltd. [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Asset Management (Taiwan) Co.,Ltd.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Taipei, Taiwan <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Asset management company <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeLifeInsuranceCompanyMember', window );">Manulife Life Insurance Company [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Life Insurance Company<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Tokyo, Japan<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Life insurance company<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssetManagementJapanLimitedMember', window );">Manulife Asset Management (Japan) Limited [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Asset Management (Japan) ited<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Tokyo, Japan   <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Investment management and advisory company and mutual fund business <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeInsuranceThailandPublicCompanyLimitedMember', window );">Manulife Insurance (Thailand) Public Company Limited [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Insurance (Thailand) Public pany Limited (92.1%)(1)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Bangkok, Thailand <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Life insurance company <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">92.10%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">98.10%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssetManagementThailandCompanyLimitedMember', window );">Manulife Asset Management (Thailand) Company Limited [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Asset Management (Thailand) pany Limited (95.3%)(1)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Bangkok, Thailand <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Investment management company<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">95.30%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">98.90%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeHoldingsBerhadMember', window );">Manulife Holdings Berhad [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Holdings Berhad (59.5%)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Kuala Lumpur, Malaysia <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Holding company  <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">59.50%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">59.50%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeInsuranceBerhadMember', window );">Manulife Insurance Berhad [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Insurance Berhad (59.5%)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Kuala Lumpur, Malaysia <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Life insurance company  <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">59.50%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">59.50%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssetManagementServicesBerhadMember', window );">Manulife Asset Management Services Berhad [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Asset Management Services had (59.5%)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Kuala Lumpur, Malaysia<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Asset management company <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">59.50%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">59.50%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeSingaporePteLtdMember', window );">Manulife (Singapore) Pte. Ltd. [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife (Singapore) Pte. Ltd.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Singapore<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Life insurance company<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssetManagementSingaporePteLtdMember', window );">Manulife Asset Management (Singapore) Pte. Ltd. [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Asset Management (Singapore) Pte. Ltd.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Singapore <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Asset management company <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_TheManufacturersLifeInsuranceCoPhilsIncMember', window );">The Manufacturers Life Insurance Co. (Phils.) Inc. [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">The Manufacturers Life Insurance Co. (Phils.), Inc.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Makati City, Philippines<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Life insurance company <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeChinabankLifeAssuranceCorporationMember', window );">Manulife Chinabank Life Assurance Corporation [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Chinabank Life Assurance Corporation (60%)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Makati City, Philippines<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Life insurance company <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">60.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">60.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_PtAsuransiJiwaManulifeIndonesiaMember', window );">PT Asuransi Jiwa Manulife Indonesia [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">PT Asuransi Jiwa Manulife Indonesia<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Jakarta, Indonesia<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Life insurance company<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_PtManulifeAsetManajemenIndonesiaMember', window );">PT Manulife Aset Manajemen Indonesia [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">PT Manulife Aset Manajemen Indonesia<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Jakarta, Indonesia    <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Investment management company marketing mutual funds and discretionary funds <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssetManagementEuropeLimitedMember', window );">Manulife Asset Management (Europe) Limited [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Asset Management (Europe) Limited<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">London, England    <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Investment management company for Manulife Financial's international funds <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssuranceCompanyOfCanadaMember', window );">Manulife Assurance Company of Canada [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Assurance Company of Canada<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Toronto, Canada<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Life insurance company<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_EisServicesBermudaLimitedMember', window );">EIS Services Bermuda Limited [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">EIS Services (Bermuda) Limited<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Hamilton, Bermuda<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Investment holding company<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_BerkshireInsuranceServicesIncMember', window );">Berkshire Insurance Services Inc [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Berkshire Insurance Services Inc.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Toronto, Canada<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Investment holding company<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JhInvestmentsDelawareLlcMember', window );">JH Investments (Delaware) LLC [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">JH Investments (Delaware) LLC<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Boston, Massachusetts, U.S.A. <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Investment holding company  <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeSecuritiesIncorporatedMember', window );">Manulife Securities Incorporated [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Securities Incorporated<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Oakville, Canada<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Investment dealer<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssetManagementNorthAmericaLimitedMember', window );">Manulife Asset Management (North America) Limited [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Manulife Asset Management (North rica) Limited<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Toronto, Canada <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Investment advisor <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_RegionalPowerIncMember', window );">Regional Power Inc. [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems', window );"><strong>Disclosure of subsidiaries [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NameOfSubsidiary', window );">Name of subsidiary</a></td>
<td class="text">Regional Power Inc.<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AddressOfSubsidiary', window );">Address</a></td>
<td class="text">Mississauga, Canada   <span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DescriptionOfSubsidiary', window );">Description</a></td>
<td class="text">Developer and operator of hydro-electric power projects <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary', window );">Percentage of ownership interest in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary', window );">Percentage of voting rights held in subsidiary</a></td>
<td class="nump">100.00%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NameOfSubsidiary">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The name of a subsidiary. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=27&amp;date=2017-03-01&amp;anchor=para_17_b_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2017-01-01<br> -Paragraph 16<br> -Subparagraph b<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=27&amp;date=2017-03-01&amp;anchor=para_16_b_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 12<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_12_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 19B<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_19B_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NameOfSubsidiary</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProportionOfOwnershipInterestInSubsidiary">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The proportion of ownership interest in a subsidiary attributable to the entity. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=27&amp;date=2017-03-01&amp;anchor=para_17_b_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2017-01-01<br> -Paragraph 16<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=27&amp;date=2017-03-01&amp;anchor=para_16_b_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 19B<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_19B_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProportionOfOwnershipInterestInSubsidiary</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProportionOfVotingPowerHeldInSubsidiary">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The proportion of the voting rights in a subsidiary held by the entity. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=27&amp;date=2017-03-01&amp;anchor=para_17_b_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2017-01-01<br> -Paragraph 16<br> -Subparagraph b<br> -Clause iii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=27&amp;date=2017-03-01&amp;anchor=para_16_b_iii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 19B<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_19B_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProportionOfVotingPowerHeldInSubsidiary</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_AddressOfSubsidiary">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Address of subsidiary.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_AddressOfSubsidiary</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DescriptionOfSubsidiary">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of subsidiary.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DescriptionOfSubsidiary</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_TheManufacturersLifeInsuranceCompanyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_TheManufacturersLifeInsuranceCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeHoldingsAlbertaLimitedMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeHoldingsAlbertaLimitedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockFinancialCorporationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockFinancialCorporationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_TheManufacturersInvestmentCorporationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_TheManufacturersInvestmentCorporationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockReassuranceCompanyLtdUSAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockReassuranceCompanyLtdUSAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockLifeInsuranceCompanyUsaMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockLifeInsuranceCompanyUsaMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockSubsidiariesLlcMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockSubsidiariesLlcMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockFinancialNetworkIncMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockFinancialNetworkIncMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockAdvisersLlcMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockAdvisersLlcMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockFundsLlcMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockFundsLlcMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssetManagementUsLlcMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssetManagementUsLlcMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_HancockNaturalResourceGroupIncMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_HancockNaturalResourceGroupIncMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockLifeInsuranceCompanyOfNewYorkMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockLifeInsuranceCompanyOfNewYorkMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_JohnHancockInvestmentManagementServicesLlcMember">
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManufacturersLifeReinsuranceLimitedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
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<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeVietnamLimitedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssetManagementVietnamCompanyLimitedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeInternationalHoldingsLimitedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeInternationalLimitedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</div></td></tr>
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeSinochemLifeInsuranceCoLtdMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssetManagementInternationalHoldingsLimitedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssetManagementHongKongLimitedMember">
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssetManagementHongKongLimitedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssetManagementTaiwanCoLtdMember">
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssetManagementTaiwanCoLtdMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeLifeInsuranceCompanyMember">
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeLifeInsuranceCompanyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssetManagementJapanLimitedMember">
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssetManagementJapanLimitedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeInsuranceThailandPublicCompanyLimitedMember">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeInsuranceThailandPublicCompanyLimitedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssetManagementThailandCompanyLimitedMember">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssetManagementThailandCompanyLimitedMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeHoldingsBerhadMember">
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeHoldingsBerhadMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeInsuranceBerhadMember">
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeInsuranceBerhadMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssetManagementServicesBerhadMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeSingaporePteLtdMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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<td style="white-space:nowrap;">ifrs-full_SignificantInvestmentsInSubsidiariesAxis=mfc_ManulifeAssetManagementSingaporePteLtdMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
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</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<td><strong> Name:</strong></td>
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<td><strong> Name:</strong></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6888810720">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Segregated Funds - Summary of Composition of Net Assets by Categories of Segregated Funds (Detail)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember', window );">Bottom of range [Member] | Money market funds [Member]</a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCompositionOfNetAssetsByCategoriesOfSegregatedFundsLineItems', window );"><strong>Disclosure of composition of net assets by categories of segregated funds [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsCompositionPercentage', window );">Type of fund</a></td>
<td class="nump">2.00%<span></span>
</td>
<td class="nump">2.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember', window );">Bottom of range [Member] | Fixed income funds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCompositionOfNetAssetsByCategoriesOfSegregatedFundsLineItems', window );"><strong>Disclosure of composition of net assets by categories of segregated funds [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsCompositionPercentage', window );">Type of fund</a></td>
<td class="nump">14.00%<span></span>
</td>
<td class="nump">14.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember', window );">Bottom of range [Member] | Balanced funds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCompositionOfNetAssetsByCategoriesOfSegregatedFundsLineItems', window );"><strong>Disclosure of composition of net assets by categories of segregated funds [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsCompositionPercentage', window );">Type of fund</a></td>
<td class="nump">22.00%<span></span>
</td>
<td class="nump">22.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember', window );">Bottom of range [Member] | Equity funds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCompositionOfNetAssetsByCategoriesOfSegregatedFundsLineItems', window );"><strong>Disclosure of composition of net assets by categories of segregated funds [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsCompositionPercentage', window );">Type of fund</a></td>
<td class="nump">55.00%<span></span>
</td>
<td class="nump">59.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember', window );">Top of range [Member] | Money market funds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCompositionOfNetAssetsByCategoriesOfSegregatedFundsLineItems', window );"><strong>Disclosure of composition of net assets by categories of segregated funds [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsCompositionPercentage', window );">Type of fund</a></td>
<td class="nump">3.00%<span></span>
</td>
<td class="nump">3.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember', window );">Top of range [Member] | Fixed income funds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCompositionOfNetAssetsByCategoriesOfSegregatedFundsLineItems', window );"><strong>Disclosure of composition of net assets by categories of segregated funds [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsCompositionPercentage', window );">Type of fund</a></td>
<td class="nump">15.00%<span></span>
</td>
<td class="nump">15.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember', window );">Top of range [Member] | Balanced funds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCompositionOfNetAssetsByCategoriesOfSegregatedFundsLineItems', window );"><strong>Disclosure of composition of net assets by categories of segregated funds [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsCompositionPercentage', window );">Type of fund</a></td>
<td class="nump">29.00%<span></span>
</td>
<td class="nump">24.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember', window );">Top of range [Member] | Equity funds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCompositionOfNetAssetsByCategoriesOfSegregatedFundsLineItems', window );"><strong>Disclosure of composition of net assets by categories of segregated funds [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsCompositionPercentage', window );">Type of fund</a></td>
<td class="nump">60.00%<span></span>
</td>
<td class="nump">61.00%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfCompositionOfNetAssetsByCategoriesOfSegregatedFundsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of composition of net assets by categories of segregated funds line items.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfCompositionOfNetAssetsByCategoriesOfSegregatedFundsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_SegregatedFundsCompositionPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Segregated funds composition percentage.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_SegregatedFundsCompositionPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=mfc_MoneyMarketFunds1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_MoneyMarketFunds1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=mfc_FixedIncomeFunds1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_FixedIncomeFunds1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=mfc_BalancedFunds1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_BalancedFunds1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=mfc_EquityFunds1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_EquityFunds1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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</body>
</html>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>199
<FILENAME>R170.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6905507840">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Segregated Funds - Summary of Composition of Segregated Funds Net Assets (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCompositionOfSegregatedFundLineItems', window );"><strong>Disclosure of Composition Of Segregated Fund [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetAssets', window );">Total segregated funds net assets</a></td>
<td class="nump">CAD 324,808<span></span>
</td>
<td class="nump">CAD 315,708<span></span>
</td>
<td class="nump">CAD 313,747<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CompositionOfSegregatedFundsNetAssetsAbstract', window );"><strong>Composition of segregated funds net assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetAssetsHeldByPolicyholders', window );">Held by policyholders</a></td>
<td class="nump">324,307<span></span>
</td>
<td class="nump">315,177<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetAssetsHeldByTheCompany', window );">Held by the Company</a></td>
<td class="nump">501<span></span>
</td>
<td class="nump">531<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_CashAndShortTermSecuritiesMember', window );">Cash and short-term securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCompositionOfSegregatedFundLineItems', window );"><strong>Disclosure of Composition Of Segregated Fund [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetAssets', window );">Total segregated funds net assets</a></td>
<td class="nump">4,756<span></span>
</td>
<td class="nump">4,524<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_DebtSecuritiesMember', window );">Debt securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCompositionOfSegregatedFundLineItems', window );"><strong>Disclosure of Composition Of Segregated Fund [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetAssets', window );">Total segregated funds net assets</a></td>
<td class="nump">15,472<span></span>
</td>
<td class="nump">15,651<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_EquityInSegregatedFundsMember', window );">Equity [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCompositionOfSegregatedFundLineItems', window );"><strong>Disclosure of Composition Of Segregated Fund [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetAssets', window );">Total segregated funds net assets</a></td>
<td class="nump">12,624<span></span>
</td>
<td class="nump">12,458<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_MutualFundsMember', window );">Mutual funds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCompositionOfSegregatedFundLineItems', window );"><strong>Disclosure of Composition Of Segregated Fund [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetAssets', window );">Total segregated funds net assets</a></td>
<td class="nump">288,007<span></span>
</td>
<td class="nump">278,966<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_OtherInvestmentsInSegregatedFundsMember', window );">Other investments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCompositionOfSegregatedFundLineItems', window );"><strong>Disclosure of Composition Of Segregated Fund [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetAssets', window );">Total segregated funds net assets</a></td>
<td class="nump">4,514<span></span>
</td>
<td class="nump">4,552<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_AccruedInvestmentIncomeMember', window );">Accrued investment income [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCompositionOfSegregatedFundLineItems', window );"><strong>Disclosure of Composition Of Segregated Fund [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetAssets', window );">Total segregated funds net assets</a></td>
<td class="nump">201<span></span>
</td>
<td class="nump">201<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_OtherAssetsAndLiabilitiesNetMember', window );">Other assets and liabilities, net [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfCompositionOfSegregatedFundLineItems', window );"><strong>Disclosure of Composition Of Segregated Fund [line items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetAssets', window );">Total segregated funds net assets</a></td>
<td class="num">CAD (766)<span></span>
</td>
<td class="num">CAD (644)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_CompositionOfSegregatedFundsNetAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Composition Of Segregated Funds Net Assets abstract.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_CompositionOfSegregatedFundsNetAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfCompositionOfSegregatedFundLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of composition of segregated fund line items.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfCompositionOfSegregatedFundLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_SegregatedFundsNetAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Segregated funds net assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_SegregatedFundsNetAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_SegregatedFundsNetAssetsHeldByPolicyholders">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Segregated funds net assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_SegregatedFundsNetAssetsHeldByPolicyholders</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_SegregatedFundsNetAssetsHeldByTheCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Segregated funds net assets held by the company.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_SegregatedFundsNetAssetsHeldByTheCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=mfc_CashAndShortTermSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_CashAndShortTermSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=ifrs-full_DebtSecuritiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=ifrs-full_DebtSecuritiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=mfc_EquityInSegregatedFundsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_EquityInSegregatedFundsMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=mfc_MutualFundsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_MutualFundsMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=mfc_OtherInvestmentsInSegregatedFundsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_OtherInvestmentsInSegregatedFundsMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=mfc_AccruedInvestmentIncomeMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_AccruedInvestmentIncomeMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=mfc_OtherAssetsAndLiabilitiesNetMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_OtherAssetsAndLiabilitiesNetMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
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</body>
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</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>200
<FILENAME>R171.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6895363088">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Segregated Funds - Summary of Changes in Segregated Funds Net Assets (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangesInSegregatedFundsNetAssetsNetPolicyholderCashFlowAbstract', window );"><strong>Net policyholder cash flow</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangesInSegregatedFundsNetAssetsDepositsFromPolicyholders', window );">Deposits from policyholders</a></td>
<td class="nump">CAD 34,776<span></span>
</td>
<td class="nump">CAD 33,130<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangesInSegregatedFundsNetAssetsNetTransfersToGeneralFund', window );">Net transfers to general fund</a></td>
<td class="num">(1,734)<span></span>
</td>
<td class="num">(878)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangesInSegregatedFundsNetAssetsPaymentsToPolicyholders', window );">Payments to policyholders</a></td>
<td class="num">(45,970)<span></span>
</td>
<td class="num">(39,731)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangesInSegregatedFundsNetAssetsNetPolicyholderCashFlow', window );">Net policyholder cash flow</a></td>
<td class="num">(12,928)<span></span>
</td>
<td class="num">(7,479)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangesInSegregatedFundsNetAssetsInvestmentRelatedAbstract', window );"><strong>Investment related</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangesInSegregatedFundsNetAssetsInterestAndDividends', window );">Interest and dividends</a></td>
<td class="nump">16,930<span></span>
</td>
<td class="nump">15,736<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangesInSegregatedFundsNetAssetsNetRealizedAndUnrealizedInvestmentGainsLosses', window );">Net realized and unrealized investment gains</a></td>
<td class="nump">24,384<span></span>
</td>
<td class="nump">4,097<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangesInSegregatedFundsNetAssetsInvestmentRelated', window );">Investment related</a></td>
<td class="nump">41,314<span></span>
</td>
<td class="nump">19,833<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangesInSegregatedFundsNetAssetsOtherAbstract', window );"><strong>Other</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangesInSegregatedFundsNetAssetsManagementAndAdministrationFees', window );">Management and administration fees</a></td>
<td class="num">(4,496)<span></span>
</td>
<td class="num">(4,386)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangesInSegregatedFundsNetAssetsImpactOfChangesInForeignExchangeRates', window );">Impact of changes in foreign exchange rates</a></td>
<td class="num">(14,790)<span></span>
</td>
<td class="num">(6,007)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangesInSegregatedFundsNetAssetsOther', window );">Other</a></td>
<td class="num">(19,286)<span></span>
</td>
<td class="num">(10,393)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangesInSegregatedFundsNetAssetsNetAdditionsDeductions', window );">Net additions</a></td>
<td class="nump">9,100<span></span>
</td>
<td class="nump">1,961<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetAssets', window );">Segregated funds net assets, beginning of year</a></td>
<td class="nump">315,708<span></span>
</td>
<td class="nump">313,747<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetAssets', window );">Segregated funds net assets, end of year</a></td>
<td class="nump">CAD 324,808<span></span>
</td>
<td class="nump">CAD 315,708<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ChangesInSegregatedFundsNetAssetsDepositsFromPolicyholders">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes in segregated funds net assets, deposits from policyholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ChangesInSegregatedFundsNetAssetsDepositsFromPolicyholders</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ChangesInSegregatedFundsNetAssetsImpactOfChangesInForeignExchangeRates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes in segregated funds net assets, impact of changes in foreign exchange rates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ChangesInSegregatedFundsNetAssetsImpactOfChangesInForeignExchangeRates</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes in segregated funds net assets, interest and dividends.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">mfc_ChangesInSegregatedFundsNetAssetsInterestAndDividends</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes in segregated funds net assets, investment related.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes in segregated funds net assets investment related.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes in segregated funds net assets, management and administration fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ChangesInSegregatedFundsNetAssetsManagementAndAdministrationFees</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes in segregated funds net assets net additions (deductions).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ChangesInSegregatedFundsNetAssetsNetAdditionsDeductions</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ChangesInSegregatedFundsNetAssetsNetPolicyholderCashFlow">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes in segregated funds net assets, net policyholder cash flow.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ChangesInSegregatedFundsNetAssetsNetPolicyholderCashFlow</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ChangesInSegregatedFundsNetAssetsNetPolicyholderCashFlowAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes in segregated funds net assets net policyholder cash flow.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ChangesInSegregatedFundsNetAssetsNetPolicyholderCashFlowAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes in segregated funds net assets, net realized and unrealized investment gains (losses).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ChangesInSegregatedFundsNetAssetsNetRealizedAndUnrealizedInvestmentGainsLosses</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ChangesInSegregatedFundsNetAssetsNetTransfersToGeneralFund">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes in segregated funds net assets, net transfers to general fund.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ChangesInSegregatedFundsNetAssetsNetTransfersToGeneralFund</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes in segregated funds net assets, other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ChangesInSegregatedFundsNetAssetsOther</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ChangesInSegregatedFundsNetAssetsOtherAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes in segregated funds net assets other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ChangesInSegregatedFundsNetAssetsOtherAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ChangesInSegregatedFundsNetAssetsPaymentsToPolicyholders">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes in segregated funds net assets, payments to policyholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ChangesInSegregatedFundsNetAssetsPaymentsToPolicyholders</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_SegregatedFundsNetAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Segregated funds net assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_SegregatedFundsNetAssets</td>
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<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6936620768">
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<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Information Provided in Connection with Investments in Deferred Annuity Contracts and SignatureNotes Issued or Assumed by John Hancock Life Insurance Company (U.S.A.) - Summary of Condensed Consolidated Statement of Financial Position (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestedAssets', window );">Invested assets</a></td>
<td class="nump">CAD 334,222<span></span>
</td>
<td class="nump">CAD 321,869<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReinsuranceAssets', window );">Reinsurance assets</a></td>
<td class="nump">30,359<span></span>
</td>
<td class="nump">34,952<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherAssetsExcludingReinsuranceAssets', window );">Other assets</a></td>
<td class="nump">40,645<span></span>
</td>
<td class="nump">48,683<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetAssetsHeldByPolicyholders', window );">Segregated funds net assets</a></td>
<td class="nump">324,307<span></span>
</td>
<td class="nump">315,177<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">729,533<span></span>
</td>
<td class="nump">720,681<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilitiesAbstract', window );"><strong>Liabilities and Equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Insurance contract liabilities</a></td>
<td class="nump">304,605<span></span>
</td>
<td class="nump">297,505<span></span>
</td>
<td class="nump">CAD 285,288<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentContractsLiabilities', window );">Investment contract liabilities</a></td>
<td class="nump">3,126<span></span>
</td>
<td class="nump">3,275<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherNoncurrentFinancialLiabilities', window );">Other liabilities</a></td>
<td class="nump">42,160<span></span>
</td>
<td class="nump">49,025<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term debt</a></td>
<td class="nump">4,785<span></span>
</td>
<td class="nump">5,696<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtSecurities', window );">Capital instruments</a></td>
<td class="nump">8,387<span></span>
</td>
<td class="nump">7,180<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetLiabilities', window );">Segregated funds net liabilities</a></td>
<td class="nump">324,307<span></span>
</td>
<td class="nump">315,177<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAttributableToOwnersOfParent', window );">Shareholders' equity</a></td>
<td class="nump">41,013<span></span>
</td>
<td class="nump">41,832<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ParticipatingPolicyholdersEquity', window );">Participating policyholders' equity</a></td>
<td class="nump">221<span></span>
</td>
<td class="nump">248<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncontrollingInterests', window );">Non-controlling interests</a></td>
<td class="nump">929<span></span>
</td>
<td class="nump">743<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilities', window );">Total liabilities and equity</a></td>
<td class="nump">729,533<span></span>
</td>
<td class="nump">720,681<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_MfcGuarantorMember', window );">MFC (Guarantor) [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestedAssets', window );">Invested assets</a></td>
<td class="nump">21<span></span>
</td>
<td class="nump">161<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentsInSubsidiaries', window );">Investments in unconsolidated subsidiaries</a></td>
<td class="nump">48,374<span></span>
</td>
<td class="nump">47,758<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherAssetsExcludingReinsuranceAssets', window );">Other assets</a></td>
<td class="nump">314<span></span>
</td>
<td class="nump">315<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">48,709<span></span>
</td>
<td class="nump">48,234<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilitiesAbstract', window );"><strong>Liabilities and Equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherNoncurrentFinancialLiabilities', window );">Other liabilities</a></td>
<td class="nump">297<span></span>
</td>
<td class="nump">252<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term debt</a></td>
<td class="nump">4,784<span></span>
</td>
<td class="nump">5,689<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtSecurities', window );">Capital instruments</a></td>
<td class="nump">2,615<span></span>
</td>
<td class="nump">461<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAttributableToOwnersOfParent', window );">Shareholders' equity</a></td>
<td class="nump">41,013<span></span>
</td>
<td class="nump">41,832<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilities', window );">Total liabilities and equity</a></td>
<td class="nump">48,709<span></span>
</td>
<td class="nump">48,234<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_JhusaIssuerMember', window );">JHUSA (Issuer) [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestedAssets', window );">Invested assets</a></td>
<td class="nump">108,144<span></span>
</td>
<td class="nump">109,063<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentsInSubsidiaries', window );">Investments in unconsolidated subsidiaries</a></td>
<td class="nump">6,509<span></span>
</td>
<td class="nump">6,457<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReinsuranceAssets', window );">Reinsurance assets</a></td>
<td class="nump">49,927<span></span>
</td>
<td class="nump">51,537<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherAssetsExcludingReinsuranceAssets', window );">Other assets</a></td>
<td class="nump">18,678<span></span>
</td>
<td class="nump">28,718<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetAssetsHeldByPolicyholders', window );">Segregated funds net assets</a></td>
<td class="nump">176,139<span></span>
</td>
<td class="nump">174,917<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">359,397<span></span>
</td>
<td class="nump">370,692<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilitiesAbstract', window );"><strong>Liabilities and Equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Insurance contract liabilities</a></td>
<td class="nump">147,155<span></span>
</td>
<td class="nump">147,504<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentContractsLiabilities', window );">Investment contract liabilities</a></td>
<td class="nump">1,130<span></span>
</td>
<td class="nump">1,251<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherNoncurrentFinancialLiabilities', window );">Other liabilities</a></td>
<td class="nump">19,399<span></span>
</td>
<td class="nump">28,892<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtSecurities', window );">Capital instruments</a></td>
<td class="nump">584<span></span>
</td>
<td class="nump">627<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetLiabilities', window );">Segregated funds net liabilities</a></td>
<td class="nump">176,139<span></span>
</td>
<td class="nump">174,917<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAttributableToOwnersOfParent', window );">Shareholders' equity</a></td>
<td class="nump">14,990<span></span>
</td>
<td class="nump">17,501<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilities', window );">Total liabilities and equity</a></td>
<td class="nump">359,397<span></span>
</td>
<td class="nump">370,692<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_OtherSubsidiariesMember', window );">Other subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestedAssets', window );">Invested assets</a></td>
<td class="nump">226,421<span></span>
</td>
<td class="nump">213,043<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentsInSubsidiaries', window );">Investments in unconsolidated subsidiaries</a></td>
<td class="nump">14,999<span></span>
</td>
<td class="nump">17,504<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReinsuranceAssets', window );">Reinsurance assets</a></td>
<td class="nump">8,281<span></span>
</td>
<td class="nump">10,069<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherAssetsExcludingReinsuranceAssets', window );">Other assets</a></td>
<td class="nump">40,715<span></span>
</td>
<td class="nump">43,931<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetAssetsHeldByPolicyholders', window );">Segregated funds net assets</a></td>
<td class="nump">149,812<span></span>
</td>
<td class="nump">142,400<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="nump">440,228<span></span>
</td>
<td class="nump">426,947<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilitiesAbstract', window );"><strong>Liabilities and Equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Insurance contract liabilities</a></td>
<td class="nump">185,884<span></span>
</td>
<td class="nump">177,524<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentContractsLiabilities', window );">Investment contract liabilities</a></td>
<td class="nump">1,998<span></span>
</td>
<td class="nump">2,027<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherNoncurrentFinancialLiabilities', window );">Other liabilities</a></td>
<td class="nump">41,394<span></span>
</td>
<td class="nump">43,994<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term debt</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtSecurities', window );">Capital instruments</a></td>
<td class="nump">5,188<span></span>
</td>
<td class="nump">6,092<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetLiabilities', window );">Segregated funds net liabilities</a></td>
<td class="nump">149,812<span></span>
</td>
<td class="nump">142,400<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAttributableToOwnersOfParent', window );">Shareholders' equity</a></td>
<td class="nump">54,801<span></span>
</td>
<td class="nump">53,912<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ParticipatingPolicyholdersEquity', window );">Participating policyholders' equity</a></td>
<td class="nump">221<span></span>
</td>
<td class="nump">248<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NoncontrollingInterests', window );">Non-controlling interests</a></td>
<td class="nump">929<span></span>
</td>
<td class="nump">743<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilities', window );">Total liabilities and equity</a></td>
<td class="nump">440,228<span></span>
</td>
<td class="nump">426,947<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_ConsolidationAdjustmentsMember', window );">Consolidation adjustments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestedAssets', window );">Invested assets</a></td>
<td class="num">(364)<span></span>
</td>
<td class="num">(398)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentsInSubsidiaries', window );">Investments in unconsolidated subsidiaries</a></td>
<td class="num">(69,882)<span></span>
</td>
<td class="num">(71,719)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ReinsuranceAssets', window );">Reinsurance assets</a></td>
<td class="num">(27,849)<span></span>
</td>
<td class="num">(26,654)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_OtherAssetsExcludingReinsuranceAssets', window );">Other assets</a></td>
<td class="num">(19,062)<span></span>
</td>
<td class="num">(24,281)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetAssetsHeldByPolicyholders', window );">Segregated funds net assets</a></td>
<td class="num">(1,644)<span></span>
</td>
<td class="num">(2,140)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Assets', window );">Total assets</a></td>
<td class="num">(118,801)<span></span>
</td>
<td class="num">(125,192)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilitiesAbstract', window );"><strong>Liabilities and Equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts', window );">Insurance contract liabilities</a></td>
<td class="num">(28,434)<span></span>
</td>
<td class="num">(27,523)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_InvestmentContractsLiabilities', window );">Investment contract liabilities</a></td>
<td class="num">(2)<span></span>
</td>
<td class="num">(3)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherNoncurrentFinancialLiabilities', window );">Other liabilities</a></td>
<td class="num">(18,930)<span></span>
</td>
<td class="num">(24,113)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SegregatedFundsNetLiabilities', window );">Segregated funds net liabilities</a></td>
<td class="num">(1,644)<span></span>
</td>
<td class="num">(2,140)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAttributableToOwnersOfParent', window );">Shareholders' equity</a></td>
<td class="num">(69,791)<span></span>
</td>
<td class="num">(71,413)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EquityAndLiabilities', window );">Total liabilities and equity</a></td>
<td class="num">CAD (118,801)<span></span>
</td>
<td class="num">CAD (125,192)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of resources: (a) controlled by the entity as a result of past events; and (b) from which future economic benefits are expected to flow to the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 13<br> -IssueDate 2017-01-01<br> -Paragraph 93<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=13&amp;date=2017-03-01&amp;anchor=para_93_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DebtSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of instruments issued by the entity that represent indebtedness.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DebtSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAndLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of the entity's equity and liabilities. [Refer: Equity; Liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAndLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAndLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAndLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EquityAttributableToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of equity attributable to the owners of the parent. This specifically excludes non-controlling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph r<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_r&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EquityAttributableToOwnersOfParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InvestmentContractsLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities relating to investment contracts that fall within the scope of IAS 39 or IFRS 9.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InvestmentContractsLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_InvestmentsInSubsidiaries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of investments in subsidiaries. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 27<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=27&amp;date=2017-03-01&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_InvestmentsInSubsidiaries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LiabilitiesArisingFromInsuranceContracts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of liabilities under insurance contracts and reinsurance contracts issued. [Refer: Types of insurance contracts [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_37_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_37_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph IG20<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_IG20_a&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph IG37<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_IG37_a&amp;doctype=Implementation%20Guidance<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LiabilitiesArisingFromInsuranceContracts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_LongtermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The non-current portion of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_LongtermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of equity in a subsidiary not attributable, directly or indirectly, to a parent. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 12<br> -Subparagraph f<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_12_f&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph q<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_q&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 10<br> -IssueDate 2017-01-01<br> -Paragraph 22<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=10&amp;date=2017-03-01&amp;anchor=para_22&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherNoncurrentFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of non-current financial liabilities that the entity does not separately disclose in the same statement or note. [Refer: Other financial liabilities]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B13<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B13_c&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph m<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_m&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherNoncurrentFinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ReinsuranceAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of a cedant&#8217;s net contractual rights under a reinsurance contract.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 37<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_37_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ReinsuranceAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_InvestedAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Invested assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_InvestedAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_OtherAssetsExcludingReinsuranceAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Other assets excluding reinsurance assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_OtherAssetsExcludingReinsuranceAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ParticipatingPolicyholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Participating policyholders equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ParticipatingPolicyholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_SegregatedFundsNetAssetsHeldByPolicyholders">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Segregated funds net assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_SegregatedFundsNetAssetsHeldByPolicyholders</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_SegregatedFundsNetLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Segregated funds net liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_SegregatedFundsNetLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_MfcGuarantorMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_MfcGuarantorMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_JhusaIssuerMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_JhusaIssuerMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_OtherSubsidiariesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_OtherSubsidiariesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_ConsolidationAdjustmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_ConsolidationAdjustmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>202
<FILENAME>R173.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6905898464">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Information Provided in Connection with Investments in Deferred Annuity Contracts and SignatureNotes Issued or Assumed by John Hancock Life Insurance Company (U.S.A.) - Summary of Condensed Consolidated Statement of Income (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueAbstract', window );"><strong>Revenue</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">CAD 28,210<span></span>
</td>
<td class="nump">CAD 27,632<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInvestmentIncomeLoss', window );">Net investment income (loss)</a></td>
<td class="nump">19,367<span></span>
</td>
<td class="nump">14,524<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherRevenue', window );">Net other revenue</a></td>
<td class="nump">10,746<span></span>
</td>
<td class="nump">11,181<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Total revenue</a></td>
<td class="nump">58,323<span></span>
</td>
<td class="nump">53,337<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiariesAbstract', window );"><strong>Contract benefits and expenses</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries', window );">Net benefits and claims</a></td>
<td class="nump">39,301<span></span>
</td>
<td class="nump">34,134<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CommissionsInvestmentAndGeneralExpenses', window );">Commissions, investment and general expenses</a></td>
<td class="nump">15,022<span></span>
</td>
<td class="nump">14,459<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherExpenseByFunction', window );">Other expenses</a></td>
<td class="nump">1,499<span></span>
</td>
<td class="nump">1,415<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiaries', window );">Total contract benefits and expenses</a></td>
<td class="nump">55,822<span></span>
</td>
<td class="nump">50,008<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income (loss) before income taxes</a></td>
<td class="nump">2,501<span></span>
</td>
<td class="nump">3,329<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Income tax (expense) recovery</a></td>
<td class="num">(239)<span></span>
</td>
<td class="num">(196)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProfitLossAfterTaxBeforeEquityInNetIncomeLossOfUnconsolidatedSubsidiaries', window );">Income (loss) after income taxes</a></td>
<td class="nump">2,262<span></span>
</td>
<td class="nump">3,133<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income</a></td>
<td class="nump">2,262<span></span>
</td>
<td class="nump">3,133<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToAbstract', window );"><strong>Net income (loss) attributed to:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToNoncontrollingInterests', window );">Non-controlling interests</a></td>
<td class="nump">194<span></span>
</td>
<td class="nump">143<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProfitLossAttributableToParticipatingPolicyholders', window );">Participating policyholders</a></td>
<td class="num">(36)<span></span>
</td>
<td class="nump">61<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Shareholders</a></td>
<td class="nump">2,104<span></span>
</td>
<td class="nump">2,929<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income</a></td>
<td class="nump">2,262<span></span>
</td>
<td class="nump">3,133<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_MfcGuarantorMember', window );">MFC (Guarantor) [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueAbstract', window );"><strong>Revenue</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInvestmentIncomeLoss', window );">Net investment income (loss)</a></td>
<td class="nump">178<span></span>
</td>
<td class="nump">475<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherRevenue', window );">Net other revenue</a></td>
<td class="nump">4<span></span>
</td>
<td class="nump">43<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Total revenue</a></td>
<td class="nump">182<span></span>
</td>
<td class="nump">518<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiariesAbstract', window );"><strong>Contract benefits and expenses</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CommissionsInvestmentAndGeneralExpenses', window );">Commissions, investment and general expenses</a></td>
<td class="nump">11<span></span>
</td>
<td class="nump">11<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherExpenseByFunction', window );">Other expenses</a></td>
<td class="nump">404<span></span>
</td>
<td class="nump">259<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiaries', window );">Total contract benefits and expenses</a></td>
<td class="nump">415<span></span>
</td>
<td class="nump">270<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income (loss) before income taxes</a></td>
<td class="num">(233)<span></span>
</td>
<td class="nump">248<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Income tax (expense) recovery</a></td>
<td class="nump">62<span></span>
</td>
<td class="nump">28<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProfitLossAfterTaxBeforeEquityInNetIncomeLossOfUnconsolidatedSubsidiaries', window );">Income (loss) after income taxes</a></td>
<td class="num">(171)<span></span>
</td>
<td class="nump">276<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_EquityInNetIncomeLossOfUnconsolidatedSubsidiaries', window );">Equity in net income (loss) of unconsolidated subsidiaries</a></td>
<td class="nump">2,275<span></span>
</td>
<td class="nump">2,653<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income</a></td>
<td class="nump">2,104<span></span>
</td>
<td class="nump">2,929<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToAbstract', window );"><strong>Net income (loss) attributed to:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Shareholders</a></td>
<td class="nump">2,104<span></span>
</td>
<td class="nump">2,929<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income</a></td>
<td class="nump">2,104<span></span>
</td>
<td class="nump">2,929<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_JhusaIssuerMember', window );">JHUSA (Issuer) [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueAbstract', window );"><strong>Revenue</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">11,084<span></span>
</td>
<td class="nump">5,021<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInvestmentIncomeLoss', window );">Net investment income (loss)</a></td>
<td class="nump">7,986<span></span>
</td>
<td class="nump">6,191<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherRevenue', window );">Net other revenue</a></td>
<td class="nump">2,874<span></span>
</td>
<td class="nump">2,569<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Total revenue</a></td>
<td class="nump">21,944<span></span>
</td>
<td class="nump">13,781<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiariesAbstract', window );"><strong>Contract benefits and expenses</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries', window );">Net benefits and claims</a></td>
<td class="nump">20,803<span></span>
</td>
<td class="nump">10,340<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CommissionsInvestmentAndGeneralExpenses', window );">Commissions, investment and general expenses</a></td>
<td class="nump">3,208<span></span>
</td>
<td class="nump">3,272<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherExpenseByFunction', window );">Other expenses</a></td>
<td class="nump">194<span></span>
</td>
<td class="nump">59<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiaries', window );">Total contract benefits and expenses</a></td>
<td class="nump">24,205<span></span>
</td>
<td class="nump">13,671<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income (loss) before income taxes</a></td>
<td class="num">(2,261)<span></span>
</td>
<td class="nump">110<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Income tax (expense) recovery</a></td>
<td class="nump">1,134<span></span>
</td>
<td class="nump">251<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProfitLossAfterTaxBeforeEquityInNetIncomeLossOfUnconsolidatedSubsidiaries', window );">Income (loss) after income taxes</a></td>
<td class="num">(1,127)<span></span>
</td>
<td class="nump">361<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_EquityInNetIncomeLossOfUnconsolidatedSubsidiaries', window );">Equity in net income (loss) of unconsolidated subsidiaries</a></td>
<td class="nump">628<span></span>
</td>
<td class="nump">211<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income</a></td>
<td class="num">(499)<span></span>
</td>
<td class="nump">572<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToAbstract', window );"><strong>Net income (loss) attributed to:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProfitLossAttributableToParticipatingPolicyholders', window );">Participating policyholders</a></td>
<td class="num">(10)<span></span>
</td>
<td class="num">(48)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Shareholders</a></td>
<td class="num">(489)<span></span>
</td>
<td class="nump">620<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income</a></td>
<td class="num">(499)<span></span>
</td>
<td class="nump">572<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_OtherSubsidiariesMember', window );">Other subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueAbstract', window );"><strong>Revenue</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="nump">17,130<span></span>
</td>
<td class="nump">22,611<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInvestmentIncomeLoss', window );">Net investment income (loss)</a></td>
<td class="nump">11,947<span></span>
</td>
<td class="nump">9,092<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherRevenue', window );">Net other revenue</a></td>
<td class="nump">10,912<span></span>
</td>
<td class="nump">11,108<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Total revenue</a></td>
<td class="nump">39,989<span></span>
</td>
<td class="nump">42,811<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiariesAbstract', window );"><strong>Contract benefits and expenses</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries', window );">Net benefits and claims</a></td>
<td class="nump">19,179<span></span>
</td>
<td class="nump">24,748<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CommissionsInvestmentAndGeneralExpenses', window );">Commissions, investment and general expenses</a></td>
<td class="nump">13,900<span></span>
</td>
<td class="nump">13,016<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherExpenseByFunction', window );">Other expenses</a></td>
<td class="nump">1,915<span></span>
</td>
<td class="nump">2,076<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiaries', window );">Total contract benefits and expenses</a></td>
<td class="nump">34,994<span></span>
</td>
<td class="nump">39,840<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossBeforeTax', window );">Income (loss) before income taxes</a></td>
<td class="nump">4,995<span></span>
</td>
<td class="nump">2,971<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxExpenseContinuingOperations', window );">Income tax (expense) recovery</a></td>
<td class="num">(1,435)<span></span>
</td>
<td class="num">(475)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProfitLossAfterTaxBeforeEquityInNetIncomeLossOfUnconsolidatedSubsidiaries', window );">Income (loss) after income taxes</a></td>
<td class="nump">3,560<span></span>
</td>
<td class="nump">2,496<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_EquityInNetIncomeLossOfUnconsolidatedSubsidiaries', window );">Equity in net income (loss) of unconsolidated subsidiaries</a></td>
<td class="num">(486)<span></span>
</td>
<td class="nump">572<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income</a></td>
<td class="nump">3,074<span></span>
</td>
<td class="nump">3,068<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToAbstract', window );"><strong>Net income (loss) attributed to:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToNoncontrollingInterests', window );">Non-controlling interests</a></td>
<td class="nump">194<span></span>
</td>
<td class="nump">143<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProfitLossAttributableToParticipatingPolicyholders', window );">Participating policyholders</a></td>
<td class="num">(36)<span></span>
</td>
<td class="nump">61<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Shareholders</a></td>
<td class="nump">2,916<span></span>
</td>
<td class="nump">2,864<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income</a></td>
<td class="nump">3,074<span></span>
</td>
<td class="nump">3,068<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_ConsolidationAdjustmentsMember', window );">Consolidation adjustments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RevenueAbstract', window );"><strong>Revenue</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_NetEarnedPremium', window );">Net premium income</a></td>
<td class="num">(4)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetInvestmentIncomeLoss', window );">Net investment income (loss)</a></td>
<td class="num">(744)<span></span>
</td>
<td class="num">(1,234)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherRevenue', window );">Net other revenue</a></td>
<td class="num">(3,044)<span></span>
</td>
<td class="num">(2,539)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Revenue', window );">Total revenue</a></td>
<td class="num">(3,792)<span></span>
</td>
<td class="num">(3,773)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiariesAbstract', window );"><strong>Contract benefits and expenses</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries', window );">Net benefits and claims</a></td>
<td class="num">(681)<span></span>
</td>
<td class="num">(954)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CommissionsInvestmentAndGeneralExpenses', window );">Commissions, investment and general expenses</a></td>
<td class="num">(2,097)<span></span>
</td>
<td class="num">(1,840)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherExpenseByFunction', window );">Other expenses</a></td>
<td class="num">(1,014)<span></span>
</td>
<td class="num">(979)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiaries', window );">Total contract benefits and expenses</a></td>
<td class="num">(3,792)<span></span>
</td>
<td class="num">(3,773)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_EquityInNetIncomeLossOfUnconsolidatedSubsidiaries', window );">Equity in net income (loss) of unconsolidated subsidiaries</a></td>
<td class="num">(2,417)<span></span>
</td>
<td class="num">(3,436)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income</a></td>
<td class="num">(2,417)<span></span>
</td>
<td class="num">(3,436)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToAbstract', window );"><strong>Net income (loss) attributed to:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProfitLossAttributableToParticipatingPolicyholders', window );">Participating policyholders</a></td>
<td class="nump">10<span></span>
</td>
<td class="nump">48<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLossAttributableToOwnersOfParent', window );">Shareholders</a></td>
<td class="num">(2,427)<span></span>
</td>
<td class="num">(3,484)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income</a></td>
<td class="num">CAD (2,417)<span></span>
</td>
<td class="num">CAD (3,436)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of claims and benefits paid to policyholders, net of reinsurance recoveries.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClaimsAndBenefitsPaidNetOfReinsuranceRecoveries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxExpenseContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax that relate to continuing operations. [Refer: Continuing operations [member]; Current tax expense (income); Deferred tax expense (income)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause viii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=26&amp;date=2017-03-01&amp;anchor=para_35_b_viii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -Subparagraph h<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23_h&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 79<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_79&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_c_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 82<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_82_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 81<br> -Subparagraph c<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_81_c_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B13<br> -Subparagraph g<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B13_g&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxExpenseContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_NetEarnedPremium">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of premiums earned on insurance contracts net of reinsurance premiums. [Refer: Types of insurance contracts [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 85<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_85&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_NetEarnedPremium</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherExpenseByFunction">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expenses that the entity does not separately disclose in the same statement or note when the entity uses the 'function of expense' form for its analysis of expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 26<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -Clause vii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=26&amp;date=2017-03-01&amp;anchor=para_35_b_vii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 99<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_99&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherExpenseByFunction</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of revenue arising from sources that the entity does not separately disclose in the same statement or note. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 18<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=18&amp;date=2017-03-02&amp;anchor=para_35_b&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 112<br> -Subparagraph c<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_112_c&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 18<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective on first application of IFRS 9<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 39L<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_39L_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToNoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) attributable to non-controlling interests. [Refer: Profit (loss); Non-controlling interests]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph 12<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_12_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81B<br> -Subparagraph a<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81B_a_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToNoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossAttributableToOwnersOfParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) attributable to owners of the parent. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81B<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81B_a_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossAttributableToOwnersOfParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The profit (loss) from continuing operations before tax expense or income. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Revenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The income arising in the course of an entity's ordinary activities. Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in an increase in equity, other than those relating to contributions from equity participants.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_32&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 33<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_33_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 34<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_34&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 82<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_82_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 103<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_103&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2018-01-01<br> -Name IAS<br> -Number 18<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=18&amp;date=2017-03-02&amp;anchor=para_35_b&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br><br>Reference 9: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 102<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_102&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 10: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B12<br> -Subparagraph b<br> -Clause v<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B12_b_v&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 11: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Revenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RevenueAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RevenueAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_CommissionsInvestmentAndGeneralExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Commissions, investment and general expenses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_CommissionsInvestmentAndGeneralExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiaries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Contract benefits and expenses to contract holders and beneficiaries.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiaries</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiariesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Contract Benefits and Expenses to Contract Holders and Beneficiaries[abstract]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ContractBenefitsAndExpensesToContractHoldersAndBeneficiariesAbstract</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_EquityInNetIncomeLossOfUnconsolidatedSubsidiaries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Equity in net income loss of unconsolidated subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_EquityInNetIncomeLossOfUnconsolidatedSubsidiaries</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NetInvestmentIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net investment income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NetInvestmentIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ProfitLossAfterTaxBeforeEquityInNetIncomeLossOfUnconsolidatedSubsidiaries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Profit (loss) after tax before equity in net income (loss) of unconsolidated subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ProfitLossAfterTaxBeforeEquityInNetIncomeLossOfUnconsolidatedSubsidiaries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ProfitLossAttributableToParticipatingPolicyholders">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Profit loss attributable to participating policyholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ProfitLossAttributableToParticipatingPolicyholders</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_MfcGuarantorMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_MfcGuarantorMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_JhusaIssuerMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_OtherSubsidiariesMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_ConsolidationAdjustmentsMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6934794256">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Information Provided in Connection with Investments in Deferred Annuity Contracts and SignatureNotes Issued or Assumed by John Hancock Life Insurance Company (U.S.A.) - Consolidated Statement of Cash Flows (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract', window );"><strong>Operating activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income (loss)</a></td>
<td class="nump">CAD 2,262<span></span>
</td>
<td class="nump">CAD 3,133<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForReconcileProfitLossAbstract', window );"><strong>Adjustments:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInInuranceContractLiabilities', window );">Increase (decrease) in insurance contract liabilities</a></td>
<td class="nump">20,023<span></span>
</td>
<td class="nump">18,014<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInInvestmentContractLiabilities', window );">Increase (decrease) in investment contract liabilities</a></td>
<td class="nump">173<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdjustmentsForIncreaseDecreaseInReinsuranceAssetsExcludingTheImpactOfClosedBlockReinsuranceTransaction', window );">(Increase) decrease in reinsurance assets</a></td>
<td class="nump">2,269<span></span>
</td>
<td class="num">(842)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdjustmentsForAmortisationOfPremiumOrDiscountOnInvestedAssets', window );">Amortization of (premium) discount on invested assets</a></td>
<td class="nump">230<span></span>
</td>
<td class="nump">78<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForAmortisationExpense', window );">Other amortization</a></td>
<td class="nump">560<span></span>
</td>
<td class="nump">693<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdjustmentsForNetRealizedAndUnrealizedGainsLossesAndImpairmentsOnAssets', window );">Net realized and unrealized (gains) losses and impairment on assets</a></td>
<td class="num">(7,188)<span></span>
</td>
<td class="num">(2,804)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDeferredTaxExpense', window );">Deferred income tax expense (recovery)</a></td>
<td class="num">(331)<span></span>
</td>
<td class="num">(235)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForSharebasedPayments', window );">Stock option expense</a></td>
<td class="nump">15<span></span>
</td>
<td class="nump">19<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperations', window );">Cash provided by (used in) operating activities before undernoted items</a></td>
<td class="nump">18,013<span></span>
</td>
<td class="nump">18,056<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangesInPolicyRelatedAndOperatingReceivablesAndPayables', window );">Changes in policy related and operating receivables and payables</a></td>
<td class="num">(222)<span></span>
</td>
<td class="num">(1,039)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivities', window );">Cash provided by (used in) operating activities</a></td>
<td class="nump">17,791<span></span>
</td>
<td class="nump">17,017<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract', window );"><strong>Investing activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PurchasesAndMortgageAdvances', window );">Purchases and mortgage advances</a></td>
<td class="num">(87,224)<span></span>
</td>
<td class="num">(104,059)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProceedsFromDisposalsAndRepayments', window );">Disposals and repayments</a></td>
<td class="nump">70,720<span></span>
</td>
<td class="nump">82,001<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangeInInvestmentBrokerNetReceivablesAndPayables', window );">Changes in investment broker net receivables and payables</a></td>
<td class="nump">227<span></span>
</td>
<td class="num">(186)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities', window );">Net cash decrease from sale and purchase of subsidiaries and businesses</a></td>
<td class="num">(10)<span></span>
</td>
<td class="num">(495)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivities', window );">Cash provided by (used in) investing activities</a></td>
<td class="num">(16,287)<span></span>
</td>
<td class="num">(22,739)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract', window );"><strong>Financing activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughModificationOfContractualCashFlowsFinancialAssets', window );">(Decrease) increase in repurchase agreements and securities sold but not yet purchased</a></td>
<td class="num">(29)<span></span>
</td>
<td class="num">(23)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromNoncurrentBorrowings', window );">Issue of long-term debt, net</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,899<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RepaymentsOfNoncurrentBorrowings', window );">Redemption of long-term debt</a></td>
<td class="num">(607)<span></span>
</td>
<td class="num">(158)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures', window );">Issue of capital instruments, net</a></td>
<td class="nump">2,209<span></span>
</td>
<td class="nump">479<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RepaymentsOfBondsNotesAndDebentures', window );">Redemption of capital instruments</a></td>
<td class="num">(899)<span></span>
</td>
<td class="num">(949)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProceedsFromSecuredBorrowingFromSecuritizationTransactionsClassifiedAsFinancingActivities', window );">Secured borrowings from securitization transactions</a></td>
<td class="nump">741<span></span>
</td>
<td class="nump">847<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings', window );">Changes in deposits from Bank clients, net</a></td>
<td class="nump">261<span></span>
</td>
<td class="num">(157)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities', window );">Shareholders' dividends paid in cash</a></td>
<td class="num">(1,780)<span></span>
</td>
<td class="num">(1,593)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromContributionsOfNoncontrollingInterests', window );">Contributions from (distributions to) non-controlling interests, net</a></td>
<td class="num">(6)<span></span>
</td>
<td class="nump">10<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssueOfOrdinaryShares', window );">Common shares issued, net</a></td>
<td class="nump">124<span></span>
</td>
<td class="nump">66<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssueOfPreferenceShares', window );">Preferred shares issued, net</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">884<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivities', window );">Cash provided by (used in) financing activities</a></td>
<td class="nump">14<span></span>
</td>
<td class="nump">3,305<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges', window );">Increase (decrease) during the year</a></td>
<td class="nump">1,518<span></span>
</td>
<td class="num">(2,417)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents', window );">Effect of foreign exchange rate changes on cash and short-term securities</a></td>
<td class="num">(658)<span></span>
</td>
<td class="num">(347)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition', window );">Balance, beginning of year</a></td>
<td class="nump">14,238<span></span>
</td>
<td class="nump">17,002<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition', window );">Balance, December 31</a></td>
<td class="nump">15,098<span></span>
</td>
<td class="nump">14,238<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPositionAbstract', window );"><strong>Cash and short-term securities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Gross cash and short-term securities, beginning of year</a></td>
<td class="nump">15,151<span></span>
</td>
<td class="nump">17,885<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherDifferencesToCashAndCashEquivalentsInStatementOfCashFlows', window );">Net payments in transit, included in other liabilities, beginning of year</a></td>
<td class="num">(913)<span></span>
</td>
<td class="num">(883)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition', window );">Balance, beginning of year</a></td>
<td class="nump">14,238<span></span>
</td>
<td class="nump">17,002<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Gross cash and short-term securities, end of year</a></td>
<td class="nump">15,965<span></span>
</td>
<td class="nump">15,151<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherDifferencesToCashAndCashEquivalentsInStatementOfCashFlows', window );">Net payments in transit, included in other liabilities, end of year</a></td>
<td class="num">(867)<span></span>
</td>
<td class="num">(913)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition', window );">Balance, December 31</a></td>
<td class="nump">15,098<span></span>
</td>
<td class="nump">14,238<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SupplementalCashFlowInformation1Abstract', window );"><strong>Supplemental disclosures on cash flow information:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InterestReceived', window );">Interest received</a></td>
<td class="nump">10,596<span></span>
</td>
<td class="nump">10,550<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InterestPaid1', window );">Interest paid</a></td>
<td class="nump">1,118<span></span>
</td>
<td class="nump">983<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxesPaidRefund', window );">Income taxes paid</a></td>
<td class="nump">1,360<span></span>
</td>
<td class="nump">841<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_MfcGuarantorMember', window );">MFC (Guarantor) [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract', window );"><strong>Operating activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income (loss)</a></td>
<td class="nump">2,104<span></span>
</td>
<td class="nump">2,929<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForReconcileProfitLossAbstract', window );"><strong>Adjustments:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_EquityInNetIncomeLossOfUnconsolidatedSubsidiaries', window );">Equity in net income of unconsolidated subsidiaries</a></td>
<td class="num">(2,275)<span></span>
</td>
<td class="num">(2,653)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForAmortisationExpense', window );">Other amortization</a></td>
<td class="nump">4<span></span>
</td>
<td class="nump">2<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdjustmentsForNetRealizedAndUnrealizedGainsLossesAndImpairmentsOnAssets', window );">Net realized and unrealized (gains) losses and impairment on assets</a></td>
<td class="num">(7)<span></span>
</td>
<td class="num">(9)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDeferredTaxExpense', window );">Deferred income tax expense (recovery)</a></td>
<td class="num">(59)<span></span>
</td>
<td class="nump">3<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperations', window );">Cash provided by (used in) operating activities before undernoted items</a></td>
<td class="num">(233)<span></span>
</td>
<td class="nump">272<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities', window );">Dividends from unconsolidated subsidiary</a></td>
<td class="nump">2,700<span></span>
</td>
<td class="nump">1,950<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangesInPolicyRelatedAndOperatingReceivablesAndPayables', window );">Changes in policy related and operating receivables and payables</a></td>
<td class="num">(45)<span></span>
</td>
<td class="nump">171<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivities', window );">Cash provided by (used in) operating activities</a></td>
<td class="nump">2,422<span></span>
</td>
<td class="nump">2,393<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract', window );"><strong>Investing activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PurchasesAndMortgageAdvances', window );">Purchases and mortgage advances</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(32)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities', window );">Investment in common shares of subsidiaries</a></td>
<td class="num">(2,473)<span></span>
</td>
<td class="num">(5,706)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NotesReceivableFromSubsidiariesNet', window );">Notes receivable from subsidiaries</a></td>
<td class="num">(16)<span></span>
</td>
<td class="num">(6)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivities', window );">Cash provided by (used in) investing activities</a></td>
<td class="num">(2,489)<span></span>
</td>
<td class="num">(5,744)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract', window );"><strong>Financing activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromNoncurrentBorrowings', window );">Issue of long-term debt, net</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,899<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RepaymentsOfNoncurrentBorrowings', window );">Redemption of long-term debt</a></td>
<td class="num">(600)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures', window );">Issue of capital instruments, net</a></td>
<td class="nump">2,209<span></span>
</td>
<td class="nump">479<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities', window );">Shareholders' dividends paid in cash</a></td>
<td class="num">(1,780)<span></span>
</td>
<td class="num">(1,593)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssueOfOrdinaryShares', window );">Common shares issued, net</a></td>
<td class="nump">124<span></span>
</td>
<td class="nump">66<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssueOfPreferenceShares', window );">Preferred shares issued, net</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">884<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NotesPayableToSubsidiariesNet', window );">Notes payable to subsidiaries</a></td>
<td class="num">(24)<span></span>
</td>
<td class="num">(344)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivities', window );">Cash provided by (used in) financing activities</a></td>
<td class="num">(71)<span></span>
</td>
<td class="nump">3,391<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges', window );">Increase (decrease) during the year</a></td>
<td class="num">(138)<span></span>
</td>
<td class="nump">40<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents', window );">Effect of foreign exchange rate changes on cash and short-term securities</a></td>
<td class="num">(2)<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition', window );">Balance, beginning of year</a></td>
<td class="nump">161<span></span>
</td>
<td class="nump">122<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition', window );">Balance, December 31</a></td>
<td class="nump">21<span></span>
</td>
<td class="nump">161<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPositionAbstract', window );"><strong>Cash and short-term securities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Gross cash and short-term securities, beginning of year</a></td>
<td class="nump">161<span></span>
</td>
<td class="nump">122<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition', window );">Balance, beginning of year</a></td>
<td class="nump">161<span></span>
</td>
<td class="nump">122<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Gross cash and short-term securities, end of year</a></td>
<td class="nump">21<span></span>
</td>
<td class="nump">161<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition', window );">Balance, December 31</a></td>
<td class="nump">21<span></span>
</td>
<td class="nump">161<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SupplementalCashFlowInformation1Abstract', window );"><strong>Supplemental disclosures on cash flow information:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InterestReceived', window );">Interest received</a></td>
<td class="nump">273<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InterestPaid1', window );">Interest paid</a></td>
<td class="nump">392<span></span>
</td>
<td class="nump">210<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxesPaidRefund', window );">Income taxes paid</a></td>
<td class="nump">99<span></span>
</td>
<td class="nump">35<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_JhusaIssuerMember', window );">JHUSA (Issuer) [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract', window );"><strong>Operating activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income (loss)</a></td>
<td class="num">(499)<span></span>
</td>
<td class="nump">572<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForReconcileProfitLossAbstract', window );"><strong>Adjustments:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_EquityInNetIncomeLossOfUnconsolidatedSubsidiaries', window );">Equity in net income of unconsolidated subsidiaries</a></td>
<td class="num">(628)<span></span>
</td>
<td class="num">(211)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInInuranceContractLiabilities', window );">Increase (decrease) in insurance contract liabilities</a></td>
<td class="nump">16,877<span></span>
</td>
<td class="nump">5,225<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInInvestmentContractLiabilities', window );">Increase (decrease) in investment contract liabilities</a></td>
<td class="nump">55<span></span>
</td>
<td class="nump">58<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdjustmentsForIncreaseDecreaseInReinsuranceAssetsExcludingTheImpactOfClosedBlockReinsuranceTransaction', window );">(Increase) decrease in reinsurance assets</a></td>
<td class="num">(1,890)<span></span>
</td>
<td class="num">(1,444)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdjustmentsForAmortisationOfPremiumOrDiscountOnInvestedAssets', window );">Amortization of (premium) discount on invested assets</a></td>
<td class="nump">24<span></span>
</td>
<td class="num">(5)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForAmortisationExpense', window );">Other amortization</a></td>
<td class="nump">123<span></span>
</td>
<td class="nump">284<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdjustmentsForNetRealizedAndUnrealizedGainsLossesAndImpairmentsOnAssets', window );">Net realized and unrealized (gains) losses and impairment on assets</a></td>
<td class="num">(2,609)<span></span>
</td>
<td class="num">(917)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDeferredTaxExpense', window );">Deferred income tax expense (recovery)</a></td>
<td class="num">(2,239)<span></span>
</td>
<td class="nump">391<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForSharebasedPayments', window );">Stock option expense</a></td>
<td class="num">(4)<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperations', window );">Cash provided by (used in) operating activities before undernoted items</a></td>
<td class="nump">9,210<span></span>
</td>
<td class="nump">3,952<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities', window );">Dividends from unconsolidated subsidiary</a></td>
<td class="nump">125<span></span>
</td>
<td class="nump">111<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangesInPolicyRelatedAndOperatingReceivablesAndPayables', window );">Changes in policy related and operating receivables and payables</a></td>
<td class="num">(4,627)<span></span>
</td>
<td class="num">(1,291)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivities', window );">Cash provided by (used in) operating activities</a></td>
<td class="nump">4,708<span></span>
</td>
<td class="nump">2,772<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract', window );"><strong>Investing activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PurchasesAndMortgageAdvances', window );">Purchases and mortgage advances</a></td>
<td class="num">(30,645)<span></span>
</td>
<td class="num">(34,656)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProceedsFromDisposalsAndRepayments', window );">Disposals and repayments</a></td>
<td class="nump">26,952<span></span>
</td>
<td class="nump">32,343<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangeInInvestmentBrokerNetReceivablesAndPayables', window );">Changes in investment broker net receivables and payables</a></td>
<td class="nump">182<span></span>
</td>
<td class="num">(35)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CapitalContributionToUnconsolidatedSubsidiaries', window );">Capital contribution to unconsolidated subsidiaries</a></td>
<td class="num">(63)<span></span>
</td>
<td class="num">(350)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ReturnOfCapitalFromUnconsolidatedSubsidiaries', window );">Return of capital from unconsolidated subsidiaries</a></td>
<td class="nump">11<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NotesReceivableFromParentNet', window );">Notes receivable from parent</a></td>
<td class="nump">368<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NotesReceivableFromSubsidiariesNet', window );">Notes receivable from subsidiaries</a></td>
<td class="num">(10)<span></span>
</td>
<td class="num">(40)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivities', window );">Cash provided by (used in) investing activities</a></td>
<td class="num">(3,205)<span></span>
</td>
<td class="num">(2,737)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract', window );"><strong>Financing activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsPaidClassifiedAsFinancingActivities', window );">Dividends paid to parent</a></td>
<td class="num">(1,175)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NotesPayableToAffiliates', window );">Notes payable to affiliates</a></td>
<td class="num">(201)<span></span>
</td>
<td class="num">(544)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivities', window );">Cash provided by (used in) financing activities</a></td>
<td class="num">(1,376)<span></span>
</td>
<td class="num">(544)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges', window );">Increase (decrease) during the year</a></td>
<td class="nump">127<span></span>
</td>
<td class="num">(509)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents', window );">Effect of foreign exchange rate changes on cash and short-term securities</a></td>
<td class="num">(276)<span></span>
</td>
<td class="num">(149)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition', window );">Balance, beginning of year</a></td>
<td class="nump">3,787<span></span>
</td>
<td class="nump">4,445<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition', window );">Balance, December 31</a></td>
<td class="nump">3,638<span></span>
</td>
<td class="nump">3,787<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPositionAbstract', window );"><strong>Cash and short-term securities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Gross cash and short-term securities, beginning of year</a></td>
<td class="nump">4,317<span></span>
</td>
<td class="nump">4,938<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherDifferencesToCashAndCashEquivalentsInStatementOfCashFlows', window );">Net payments in transit, included in other liabilities, beginning of year</a></td>
<td class="num">(530)<span></span>
</td>
<td class="num">(493)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition', window );">Balance, beginning of year</a></td>
<td class="nump">3,787<span></span>
</td>
<td class="nump">4,445<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Gross cash and short-term securities, end of year</a></td>
<td class="nump">4,133<span></span>
</td>
<td class="nump">4,317<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherDifferencesToCashAndCashEquivalentsInStatementOfCashFlows', window );">Net payments in transit, included in other liabilities, end of year</a></td>
<td class="num">(495)<span></span>
</td>
<td class="num">(530)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition', window );">Balance, December 31</a></td>
<td class="nump">3,638<span></span>
</td>
<td class="nump">3,787<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SupplementalCashFlowInformation1Abstract', window );"><strong>Supplemental disclosures on cash flow information:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InterestReceived', window );">Interest received</a></td>
<td class="nump">4,391<span></span>
</td>
<td class="nump">4,523<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InterestPaid1', window );">Interest paid</a></td>
<td class="nump">96<span></span>
</td>
<td class="nump">144<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxesPaidRefund', window );">Income taxes paid</a></td>
<td class="nump">1,084<span></span>
</td>
<td class="nump">68<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_OtherSubsidiariesMember', window );">Other subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract', window );"><strong>Operating activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income (loss)</a></td>
<td class="nump">3,074<span></span>
</td>
<td class="nump">3,068<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForReconcileProfitLossAbstract', window );"><strong>Adjustments:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_EquityInNetIncomeLossOfUnconsolidatedSubsidiaries', window );">Equity in net income of unconsolidated subsidiaries</a></td>
<td class="nump">486<span></span>
</td>
<td class="num">(572)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInInuranceContractLiabilities', window );">Increase (decrease) in insurance contract liabilities</a></td>
<td class="nump">3,146<span></span>
</td>
<td class="nump">12,789<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInInvestmentContractLiabilities', window );">Increase (decrease) in investment contract liabilities</a></td>
<td class="nump">118<span></span>
</td>
<td class="num">(58)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdjustmentsForIncreaseDecreaseInReinsuranceAssetsExcludingTheImpactOfClosedBlockReinsuranceTransaction', window );">(Increase) decrease in reinsurance assets</a></td>
<td class="nump">4,159<span></span>
</td>
<td class="nump">602<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdjustmentsForAmortisationOfPremiumOrDiscountOnInvestedAssets', window );">Amortization of (premium) discount on invested assets</a></td>
<td class="nump">206<span></span>
</td>
<td class="nump">83<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForAmortisationExpense', window );">Other amortization</a></td>
<td class="nump">433<span></span>
</td>
<td class="nump">407<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AdjustmentsForNetRealizedAndUnrealizedGainsLossesAndImpairmentsOnAssets', window );">Net realized and unrealized (gains) losses and impairment on assets</a></td>
<td class="num">(4,572)<span></span>
</td>
<td class="num">(1,878)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForDeferredTaxExpense', window );">Deferred income tax expense (recovery)</a></td>
<td class="nump">1,967<span></span>
</td>
<td class="num">(629)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForSharebasedPayments', window );">Stock option expense</a></td>
<td class="nump">19<span></span>
</td>
<td class="nump">20<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperations', window );">Cash provided by (used in) operating activities before undernoted items</a></td>
<td class="nump">9,036<span></span>
</td>
<td class="nump">13,832<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities', window );">Dividends from unconsolidated subsidiary</a></td>
<td class="nump">1,175<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangesInPolicyRelatedAndOperatingReceivablesAndPayables', window );">Changes in policy related and operating receivables and payables</a></td>
<td class="nump">4,450<span></span>
</td>
<td class="nump">81<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivities', window );">Cash provided by (used in) operating activities</a></td>
<td class="nump">14,661<span></span>
</td>
<td class="nump">13,913<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract', window );"><strong>Investing activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PurchasesAndMortgageAdvances', window );">Purchases and mortgage advances</a></td>
<td class="num">(56,579)<span></span>
</td>
<td class="num">(69,371)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProceedsFromDisposalsAndRepayments', window );">Disposals and repayments</a></td>
<td class="nump">43,768<span></span>
</td>
<td class="nump">49,658<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ChangeInInvestmentBrokerNetReceivablesAndPayables', window );">Changes in investment broker net receivables and payables</a></td>
<td class="nump">45<span></span>
</td>
<td class="num">(151)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities', window );">Net cash decrease from sale and purchase of subsidiaries and businesses</a></td>
<td class="num">(10)<span></span>
</td>
<td class="num">(495)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NotesReceivablesFromAffiliates', window );">Notes receivable from affiliates</a></td>
<td class="nump">201<span></span>
</td>
<td class="nump">544<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NotesReceivableFromParentNet', window );">Notes receivable from parent</a></td>
<td class="nump">24<span></span>
</td>
<td class="nump">344<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivities', window );">Cash provided by (used in) investing activities</a></td>
<td class="num">(12,551)<span></span>
</td>
<td class="num">(19,471)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract', window );"><strong>Financing activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseThroughModificationOfContractualCashFlowsFinancialAssets', window );">(Decrease) increase in repurchase agreements and securities sold but not yet purchased</a></td>
<td class="num">(29)<span></span>
</td>
<td class="num">(23)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RepaymentsOfNoncurrentBorrowings', window );">Redemption of long-term debt</a></td>
<td class="num">(7)<span></span>
</td>
<td class="num">(158)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_RepaymentsOfBondsNotesAndDebentures', window );">Redemption of capital instruments</a></td>
<td class="num">(899)<span></span>
</td>
<td class="num">(949)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProceedsFromSecuredBorrowingFromSecuritizationTransactionsClassifiedAsFinancingActivities', window );">Secured borrowings from securitization transactions</a></td>
<td class="nump">741<span></span>
</td>
<td class="nump">847<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings', window );">Changes in deposits from Bank clients, net</a></td>
<td class="nump">261<span></span>
</td>
<td class="num">(157)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromContributionsOfNoncontrollingInterests', window );">Contributions from (distributions to) non-controlling interests, net</a></td>
<td class="num">(6)<span></span>
</td>
<td class="nump">10<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssueOfOrdinaryShares', window );">Common shares issued, net</a></td>
<td class="nump">2,473<span></span>
</td>
<td class="nump">5,706<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsPaidClassifiedAsFinancingActivities', window );">Dividends paid to parent</a></td>
<td class="num">(2,825)<span></span>
</td>
<td class="num">(2,061)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CapitalContributionsByParent', window );">Capital contributions by parent</a></td>
<td class="nump">63<span></span>
</td>
<td class="nump">350<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ReturnOfCapitalToParent', window );">Return of capital to parent</a></td>
<td class="num">(11)<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NotesPayableToParentNet', window );">Notes payable to parent</a></td>
<td class="nump">26<span></span>
</td>
<td class="nump">46<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NotesPayableToSubsidiariesNet', window );">Notes payable to subsidiaries</a></td>
<td class="num">(368)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivities', window );">Cash provided by (used in) financing activities</a></td>
<td class="num">(581)<span></span>
</td>
<td class="nump">3,610<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges', window );">Increase (decrease) during the year</a></td>
<td class="nump">1,529<span></span>
</td>
<td class="num">(1,948)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents', window );">Effect of foreign exchange rate changes on cash and short-term securities</a></td>
<td class="num">(380)<span></span>
</td>
<td class="num">(197)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition', window );">Balance, beginning of year</a></td>
<td class="nump">10,290<span></span>
</td>
<td class="nump">12,435<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition', window );">Balance, December 31</a></td>
<td class="nump">11,439<span></span>
</td>
<td class="nump">10,290<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPositionAbstract', window );"><strong>Cash and short-term securities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Gross cash and short-term securities, beginning of year</a></td>
<td class="nump">10,673<span></span>
</td>
<td class="nump">12,825<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherDifferencesToCashAndCashEquivalentsInStatementOfCashFlows', window );">Net payments in transit, included in other liabilities, beginning of year</a></td>
<td class="num">(383)<span></span>
</td>
<td class="num">(390)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition', window );">Balance, beginning of year</a></td>
<td class="nump">10,290<span></span>
</td>
<td class="nump">12,435<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalents', window );">Gross cash and short-term securities, end of year</a></td>
<td class="nump">11,811<span></span>
</td>
<td class="nump">10,673<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_OtherDifferencesToCashAndCashEquivalentsInStatementOfCashFlows', window );">Net payments in transit, included in other liabilities, end of year</a></td>
<td class="num">(372)<span></span>
</td>
<td class="num">(383)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition', window );">Balance, December 31</a></td>
<td class="nump">11,439<span></span>
</td>
<td class="nump">10,290<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SupplementalCashFlowInformation1Abstract', window );"><strong>Supplemental disclosures on cash flow information:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InterestReceived', window );">Interest received</a></td>
<td class="nump">6,504<span></span>
</td>
<td class="nump">6,795<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InterestPaid1', window );">Interest paid</a></td>
<td class="nump">1,202<span></span>
</td>
<td class="nump">1,397<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_IncomeTaxesPaidRefund', window );">Income taxes paid</a></td>
<td class="nump">177<span></span>
</td>
<td class="nump">738<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_ConsolidationAdjustmentsMember', window );">Consolidation adjustments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract', window );"><strong>Operating activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProfitLoss', window );">Net income (loss)</a></td>
<td class="num">(2,417)<span></span>
</td>
<td class="num">(3,436)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AdjustmentsForReconcileProfitLossAbstract', window );"><strong>Adjustments:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_EquityInNetIncomeLossOfUnconsolidatedSubsidiaries', window );">Equity in net income of unconsolidated subsidiaries</a></td>
<td class="nump">2,417<span></span>
</td>
<td class="nump">3,436<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities', window );">Dividends from unconsolidated subsidiary</a></td>
<td class="num">(4,000)<span></span>
</td>
<td class="num">(2,061)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInOperatingActivities', window );">Cash provided by (used in) operating activities</a></td>
<td class="num">(4,000)<span></span>
</td>
<td class="num">(2,061)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract', window );"><strong>Investing activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities', window );">Investment in common shares of subsidiaries</a></td>
<td class="nump">2,473<span></span>
</td>
<td class="nump">5,706<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CapitalContributionToUnconsolidatedSubsidiaries', window );">Capital contribution to unconsolidated subsidiaries</a></td>
<td class="nump">63<span></span>
</td>
<td class="nump">350<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ReturnOfCapitalFromUnconsolidatedSubsidiaries', window );">Return of capital from unconsolidated subsidiaries</a></td>
<td class="num">(11)<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NotesReceivablesFromAffiliates', window );">Notes receivable from affiliates</a></td>
<td class="num">(201)<span></span>
</td>
<td class="num">(544)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NotesReceivableFromParentNet', window );">Notes receivable from parent</a></td>
<td class="num">(392)<span></span>
</td>
<td class="num">(344)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NotesReceivableFromSubsidiariesNet', window );">Notes receivable from subsidiaries</a></td>
<td class="nump">26<span></span>
</td>
<td class="nump">46<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInInvestingActivities', window );">Cash provided by (used in) investing activities</a></td>
<td class="nump">1,958<span></span>
</td>
<td class="nump">5,213<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract', window );"><strong>Financing activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ProceedsFromIssueOfOrdinaryShares', window );">Common shares issued, net</a></td>
<td class="num">(2,473)<span></span>
</td>
<td class="num">(5,706)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DividendsPaidClassifiedAsFinancingActivities', window );">Dividends paid to parent</a></td>
<td class="nump">4,000<span></span>
</td>
<td class="nump">2,061<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_CapitalContributionsByParent', window );">Capital contributions by parent</a></td>
<td class="num">(63)<span></span>
</td>
<td class="num">(350)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ReturnOfCapitalToParent', window );">Return of capital to parent</a></td>
<td class="nump">11<span></span>
</td>
<td class="nump">1<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NotesPayableToAffiliates', window );">Notes payable to affiliates</a></td>
<td class="nump">201<span></span>
</td>
<td class="nump">544<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NotesPayableToParentNet', window );">Notes payable to parent</a></td>
<td class="num">(26)<span></span>
</td>
<td class="num">(46)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NotesPayableToSubsidiariesNet', window );">Notes payable to subsidiaries</a></td>
<td class="nump">392<span></span>
</td>
<td class="nump">344<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_CashFlowsFromUsedInFinancingActivities', window );">Cash provided by (used in) financing activities</a></td>
<td class="nump">2,042<span></span>
</td>
<td class="num">(3,152)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SupplementalCashFlowInformation1Abstract', window );"><strong>Supplemental disclosures on cash flow information:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InterestReceived', window );">Interest received</a></td>
<td class="num">(572)<span></span>
</td>
<td class="num">(768)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InterestPaid1', window );">Interest paid</a></td>
<td class="num">CAD (572)<span></span>
</td>
<td class="num">CAD (768)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForAmortisationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for amortisation expense to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss); Depreciation and amortisation expense]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForAmortisationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForDeferredTaxExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for deferred tax expense to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Deferred tax expense (income); Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForDeferredTaxExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForReconcileProfitLossAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForReconcileProfitLossAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AdjustmentsForSharebasedPayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for share-based payments to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_20_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AdjustmentsForSharebasedPayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B13<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B13_a&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 54<br> -Subparagraph i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_54_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
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<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of cash and cash equivalents in the statement of cash flows when different from the amount of cash and cash equivalents in the statement of financial position. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPositionAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPositionAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
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<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate cash flows arising from losing control of subsidiaries or other businesses, classified as investing activities. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 39<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_39&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) financing activities, which are activities that result in changes in the size and composition of the contributed equity and borrowings of the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 50<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow (outflow) due to a decrease (increase) in current borrowings. [Refer: Current borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInIncreaseDecreaseInCurrentBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) investing activities, which are the acquisition and disposal of long-term assets and other investments not included in cash equivalents.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 50<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flows from (used in) operating activities, which are the principal revenue-producing activities of the entity and other activities that are not investing or financing activities. [Refer: Revenue]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 10<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_10&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 50<br> -Subparagraph d<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_50_d&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsFromUsedInOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash from (used in) the entity's operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Section A Statement of cash flows for an entity other than a financial institution<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=sect_AStatementofcashflowsforanentityotherthanafinancialinstitution&amp;doctype=Illustrative%20Examples<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 20<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_20&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsFromUsedInOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate cash flows used in obtaining control of subsidiaries or other businesses, classified as investing activities. [Refer: Subsidiaries [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 39<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_39&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsPaidClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for dividends paid by the entity, classified as financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 31<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_31&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsPaidClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for dividends paid to equity holders of the parent, classified as financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DividendsReceivedClassifiedAsOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from dividends received, classified as operating activities. [Refer: Dividends received]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 31<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_31&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DividendsReceivedClassifiedAsOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The effect of exchange rate changes on cash and cash equivalents held or due in a foreign currency. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 25<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_25&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_28&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncomeTaxesPaidRefund">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash flows from income taxes paid or refunded.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_35&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncomeTaxesPaidRefund</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in cash and cash equivalents before the effect of exchange rate changes on cash and cash equivalents held in foreign currencies. [Refer: Cash and cash equivalents; Effect of exchange rate changes on cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_IncreaseDecreaseThroughModificationOfContractualCashFlowsFinancialAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in financial assets resulting from the modification of contractual cash flows. [Refer: Financial assets]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective 2018-01-01<br> -Name IFRS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 35I<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_35I_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_IncreaseDecreaseThroughModificationOfContractualCashFlowsFinancialAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_OtherDifferencesToCashAndCashEquivalentsInStatementOfCashFlows">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of differences between cash and cash equivalents in the statement of cash flows and the statement of financial position that the entity does not separately disclose in the same statement or note. [Refer: Cash and cash equivalents]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 45<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_45&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_OtherDifferencesToCashAndCashEquivalentsInStatementOfCashFlows</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromContributionsOfNoncontrollingInterests">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from proceeds from contributions of non-controlling interests. [Refer: Non-controlling interests]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromContributionsOfNoncontrollingInterests</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from the issuing of bonds, notes and debentures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromIssueOfOrdinaryShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from the issuing of ordinary shares. [Refer: Ordinary shares [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromIssueOfOrdinaryShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromIssueOfPreferenceShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from the issuing of preference shares. [Refer: Preference shares [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromIssueOfPreferenceShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProceedsFromNoncurrentBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from non-current borrowings obtained. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProceedsFromNoncurrentBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total of income less expenses, excluding the components of other comprehensive income. [Refer: Other comprehensive income]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 18<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_18_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 24<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_24_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 32<br> -Subparagraph a<br> -Clause ii<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_32_a_ii&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 28<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_28_b&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IFRS<br> -Number 8<br> -IssueDate 2017-01-01<br> -Paragraph 23<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=8&amp;date=2017-03-01&amp;anchor=para_23&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 6: http://www.xbrl.org/2003/role/exampleRef<br> -Name IFRS<br> -Number 12<br> -IssueDate 2017-01-01<br> -Paragraph B10<br> -Subparagraph b<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=12&amp;date=2017-03-01&amp;anchor=para_B10_b&amp;doctype=Appendix&amp;seq=2<br> -URIDate 2017-03-09<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 106<br> -Subparagraph d<br> -Clause i<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_106_d_i&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 8: http://www.xbrl.org/2003/role/exampleRef<br> -Note Effective on first application of IFRS 9<br> -Name IFRS<br> -Number 4<br> -IssueDate 2017-01-01<br> -Paragraph 39L<br> -Subparagraph e<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&amp;num=4&amp;date=2017-03-01&amp;anchor=para_39L_e&amp;doctype=Standard<br> -URIDate 2017-03-09<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 81A<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_81A_a&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RepaymentsOfBondsNotesAndDebentures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for repayments of bonds, notes and debentures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RepaymentsOfBondsNotesAndDebentures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_RepaymentsOfNoncurrentBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for repayments of non-current borrowings. [Refer: Borrowings]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 7<br> -IssueDate 2017-01-01<br> -Paragraph 17<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=7&amp;date=2017-03-01&amp;anchor=para_17&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_RepaymentsOfNoncurrentBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_AdjustmentsForAmortisationOfPremiumOrDiscountOnInvestedAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for amortisation of premium or discount on invested assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_AdjustmentsForAmortisationOfPremiumOrDiscountOnInvestedAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_AdjustmentsForIncreaseDecreaseInReinsuranceAssetsExcludingTheImpactOfClosedBlockReinsuranceTransaction">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for increase decrease in reinsurance assets excluding the impact of closed block reinsurance transaction.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_AdjustmentsForIncreaseDecreaseInReinsuranceAssetsExcludingTheImpactOfClosedBlockReinsuranceTransaction</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_AdjustmentsForNetRealizedAndUnrealizedGainsLossesAndImpairmentsOnAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Adjustments for net realized and unrealized gains (losses) and impairments on assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_AdjustmentsForNetRealizedAndUnrealizedGainsLossesAndImpairmentsOnAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_CapitalContributionToUnconsolidatedSubsidiaries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Capital contribution to unconsolidated subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_CapitalContributionToUnconsolidatedSubsidiaries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_CapitalContributionsByParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Capital contributions by parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_CapitalContributionsByParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ChangeInInvestmentBrokerNetReceivablesAndPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Change in investment broker net receivables and payables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ChangeInInvestmentBrokerNetReceivablesAndPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ChangesInPolicyRelatedAndOperatingReceivablesAndPayables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Changes in policy related and operating receivables and payables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ChangesInPolicyRelatedAndOperatingReceivablesAndPayables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_EquityInNetIncomeLossOfUnconsolidatedSubsidiaries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Equity in net income loss of unconsolidated subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_EquityInNetIncomeLossOfUnconsolidatedSubsidiaries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_IncreaseDecreaseInInuranceContractLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase decrease in inurance contract liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncreaseDecreaseInInuranceContractLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_IncreaseDecreaseInInvestmentContractLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase decrease in investment contract liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncreaseDecreaseInInvestmentContractLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_InterestPaid1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest paid.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_InterestPaid1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_InterestReceived">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Interest received.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_InterestReceived</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NotesPayableToAffiliates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Notes payable to affiliates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NotesPayableToAffiliates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NotesPayableToParentNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Notes payable to parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NotesPayableToParentNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NotesPayableToSubsidiariesNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Notes payable to subsidiaries, net.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NotesPayableToSubsidiariesNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NotesReceivableFromParentNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Notes receivable from parent, net.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NotesReceivableFromParentNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NotesReceivableFromSubsidiariesNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Notes receivable from subsidiaries, net.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NotesReceivableFromSubsidiariesNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NotesReceivablesFromAffiliates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Notes receivables from affiliates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NotesReceivablesFromAffiliates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ProceedsFromDisposalsAndRepayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Proceeds from disposals and repayments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ProceedsFromDisposalsAndRepayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ProceedsFromSecuredBorrowingFromSecuritizationTransactionsClassifiedAsFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Proceeds from secured borrowing from securitization transactions classified as financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ProceedsFromSecuredBorrowingFromSecuritizationTransactionsClassifiedAsFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_PurchasesAndMortgageAdvances">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Purchases and mortgage advances.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_PurchasesAndMortgageAdvances</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ReturnOfCapitalFromUnconsolidatedSubsidiaries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Return of capital from unconsolidated subsidiaries.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ReturnOfCapitalFromUnconsolidatedSubsidiaries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ReturnOfCapitalToParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Return of capital to parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ReturnOfCapitalToParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_SupplementalCashFlowInformation1Abstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Supplemental cash flow information.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_SupplementalCashFlowInformation1Abstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_MfcGuarantorMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_MfcGuarantorMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_JhusaIssuerMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_JhusaIssuerMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_OtherSubsidiariesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_OtherSubsidiariesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_ConsolidationAdjustmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ConsolidatedAndSeparateFinancialStatementsAxis=mfc_ConsolidationAdjustmentsMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6892324192">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>IFRS 7 Disclosures - Summary of Risk Management Strategies (Detail)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=mfc_PubliclyTradedEquityPerformanceRiskMember', window );">Publicly Traded Equity Performance Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfRiskManagementStrategyLineItems', window );"><strong>Disclosure of risk management strategy [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProductDesignAndPricingRiskManagementStrategy', window );">Product design and pricing</a></td>
<td class="text">Yes<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_VariableAnnuityGuaranteeDynamicHedgingRiskManagementStrategy', window );">Variable annuity guarantee dynamic hedging</a></td>
<td class="text">Yes<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_MacroEquityRiskHedgingRiskManagementStrategy', window );">Macro equity risk hedging</a></td>
<td class="text">Yes<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AssetLiabilityManagementRiskManagementStrategy', window );">Asset liability management</a></td>
<td class="text">Yes<span></span>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ForeignExchangeManagementRiskManagementStrategy', window );">Foreign exchange management</a></td>
<td class="text">No<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=ifrs-full_InterestRateRiskMember', window );">Interest Rate and Spread Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfRiskManagementStrategyLineItems', window );"><strong>Disclosure of risk management strategy [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProductDesignAndPricingRiskManagementStrategy', window );">Product design and pricing</a></td>
<td class="text">Yes<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_VariableAnnuityGuaranteeDynamicHedgingRiskManagementStrategy', window );">Variable annuity guarantee dynamic hedging</a></td>
<td class="text">Yes<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_MacroEquityRiskHedgingRiskManagementStrategy', window );">Macro equity risk hedging</a></td>
<td class="text">No<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AssetLiabilityManagementRiskManagementStrategy', window );">Asset liability management</a></td>
<td class="text">Yes<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ForeignExchangeManagementRiskManagementStrategy', window );">Foreign exchange management</a></td>
<td class="text">No<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=mfc_AlternativeLongDurationAssetPerformanceRiskMember', window );">Alternative Long-Duration Asset Performance Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfRiskManagementStrategyLineItems', window );"><strong>Disclosure of risk management strategy [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProductDesignAndPricingRiskManagementStrategy', window );">Product design and pricing</a></td>
<td class="text">Yes<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_VariableAnnuityGuaranteeDynamicHedgingRiskManagementStrategy', window );">Variable annuity guarantee dynamic hedging</a></td>
<td class="text">No<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_MacroEquityRiskHedgingRiskManagementStrategy', window );">Macro equity risk hedging</a></td>
<td class="text">No<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AssetLiabilityManagementRiskManagementStrategy', window );">Asset liability management</a></td>
<td class="text">Yes<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ForeignExchangeManagementRiskManagementStrategy', window );">Foreign exchange management</a></td>
<td class="text">No<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=ifrs-full_CurrencyRiskMember', window );">Foreign Exchange Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfRiskManagementStrategyLineItems', window );"><strong>Disclosure of risk management strategy [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ProductDesignAndPricingRiskManagementStrategy', window );">Product design and pricing</a></td>
<td class="text">Yes<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_VariableAnnuityGuaranteeDynamicHedgingRiskManagementStrategy', window );">Variable annuity guarantee dynamic hedging</a></td>
<td class="text">Yes<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_MacroEquityRiskHedgingRiskManagementStrategy', window );">Macro equity risk hedging</a></td>
<td class="text">Yes<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_AssetLiabilityManagementRiskManagementStrategy', window );">Asset liability management</a></td>
<td class="text">Yes<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ForeignExchangeManagementRiskManagementStrategy', window );">Foreign exchange management</a></td>
<td class="text">Yes<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_AssetLiabilityManagementRiskManagementStrategy">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of asset liability management risk management strategy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_AssetLiabilityManagementRiskManagementStrategy</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DisclosureOfRiskManagementStrategyLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of risk management strategy [Line Items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfRiskManagementStrategyLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ForeignExchangeManagementRiskManagementStrategy">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of foreign exchange management risk management strategy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ForeignExchangeManagementRiskManagementStrategy</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_MacroEquityRiskHedgingRiskManagementStrategy">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of macro equity risk hedging risk management strategy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_MacroEquityRiskHedgingRiskManagementStrategy</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ProductDesignAndPricingRiskManagementStrategy">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of product design and pricing risk management strategy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ProductDesignAndPricingRiskManagementStrategy</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_VariableAnnuityGuaranteeDynamicHedgingRiskManagementStrategy">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of variable annuity guarantee dynamic hedging risk management strategy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_VariableAnnuityGuaranteeDynamicHedgingRiskManagementStrategy</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfRisksAxis=mfc_PubliclyTradedEquityPerformanceRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=mfc_PubliclyTradedEquityPerformanceRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfRisksAxis=ifrs-full_InterestRateRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=ifrs-full_InterestRateRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfRisksAxis=mfc_AlternativeLongDurationAssetPerformanceRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=mfc_AlternativeLongDurationAssetPerformanceRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfRisksAxis=ifrs-full_CurrencyRiskMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=ifrs-full_CurrencyRiskMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6891823680">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>IFRS 7 Disclosures - Additional Information (Detail)<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
<th class="th" colspan="2"></th>
</tr>
<tr>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>CAD</div>
</th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>CAD</div>
</th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FinancialInstrumentsDisclosuresUnderIFRS7LineItems', window );"><strong>Financial Instruments - Disclosures under IFRS 7 [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_LiabilitiesOnCurrentInForceBusinessDuePeriod', window );">Liabilities on current in-force business due period</a></td>
<td class="text">2018 to 2038<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DynamicallyHedgedVariableAnnuityGuaranteeEstimateLiabilitiesPercentage', window );">Dynamically hedged variable annuity guarantee best estimate liabilities, rebalancing percentage intervals</a></td>
<td class="nump">5.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SensitivityBasisPointOfNetIncomeAttributedToShareholders', window );">Sensitivity of net income attributed to shareholders</a></td>
<td class="nump">0.50%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_VariableAnnuityGuaranteeLiabilitiesRebalancedBasisPointIntervals', window );">Variable annuity guarantee liabilities, rebalanced basis point intervals</a></td>
<td class="nump">0.20%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetAftertaxUnrealizedLossPositionOfAvailableforsaleFixedIncomeAssets', window );">Net after-tax unrealized loss position of AFS fixed income assets | CAD</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 223<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_UnencumberedAssets', window );">Total unencumbered assets | CAD</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 396,300<span></span>
</td>
<td class="nump">396,800<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=mfc_ZeroPointFivePercentageDecreaseInInterestRatesMember', window );">50 basis point decrease in interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FinancialInstrumentsDisclosuresUnderIFRS7LineItems', window );"><strong>Financial Instruments - Disclosures under IFRS 7 [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributableToShareholders', window );">Sensitivity of our net income attributed to shareholders due to change in interest rate</a></td>
<td class="num">$ (200,000,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=mfc_ZeroPointFivePercentageIncreaseInInterestRatesMember', window );">50 basis point increase in interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FinancialInstrumentsDisclosuresUnderIFRS7LineItems', window );"><strong>Financial Instruments - Disclosures under IFRS 7 [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInNetIncomeAttributableToShareholders', window );">Sensitivity of our net income attributed to shareholders due to change in interest rate</a></td>
<td class="nump">100,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=mfc_ZeroPointFivePercentageDecreaseInCorporateSpreadsMember', window );">50 basis point decrease in corporate spreads [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FinancialInstrumentsDisclosuresUnderIFRS7LineItems', window );"><strong>Financial Instruments - Disclosures under IFRS 7 [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInEquityMarketValuesNetIncomeImpact', window );">Increase in sensitivity due to decision to reduce the allocation to ALDA in the portfolio asset</a></td>
<td class="nump">200,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=mfc_LessThanTenPercentageChangeInMarketValueMember', window );">-10% [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FinancialInstrumentsDisclosuresUnderIFRS7LineItems', window );"><strong>Financial Instruments - Disclosures under IFRS 7 [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInEquityMarketValuesNetIncomeImpactDueToLowerUsCorporateTaxRates', window );">Potential impact on net income attributed to shareholders arising from lower U.S. corporate income tax rate</a></td>
<td class="nump">$ 300,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=mfc_UnsecuredRevolvingCreditFacilityMember', window );">Unsecured revolving credit facility [Member] | Canadian chartered banks [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FinancialInstrumentsDisclosuresUnderIFRS7LineItems', window );"><strong>Financial Instruments - Disclosures under IFRS 7 [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_LineOfCreditFacilityMaximumBorrowingCapacity1', window );">Estimated maximum borrowing capacity | CAD</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=mfc_UnsecuredRevolvingCreditFacilityMember', window );">Unsecured revolving credit facility [Member] | U.S.banks [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FinancialInstrumentsDisclosuresUnderIFRS7LineItems', window );"><strong>Financial Instruments - Disclosures under IFRS 7 [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_LineOfCreditFacilityMaximumBorrowingCapacity1', window );">Estimated maximum borrowing capacity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 500,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Amounts outstanding</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_BorrowingsByNameAxis=mfc_FederalHomeLoanBankOfIndianapolisFacilityMember', window );">FHLBI facility [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FinancialInstrumentsDisclosuresUnderIFRS7LineItems', window );"><strong>Financial Instruments - Disclosures under IFRS 7 [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_LineOfCreditFacilityMaximumBorrowingCapacity1', window );">Estimated maximum borrowing capacity</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,300,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_Borrowings', window );">Amounts outstanding</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AccountingEstimatesAxis=mfc_TenPercentageChangeInMarketValueOfEquityMember', window );">10% [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FinancialInstrumentsDisclosuresUnderIFRS7LineItems', window );"><strong>Financial Instruments - Disclosures under IFRS 7 [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PercentageOfChangesInMarketValuesOfPubliclyTradedEquities', window );">Percentage of expected changes in market values of publicly traded equities</a></td>
<td class="nump">10.00%<span></span>
</td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AccountingEstimatesAxis=mfc_TwentyPercentageChangeInMarketValueOfEquityMember', window );">20% [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FinancialInstrumentsDisclosuresUnderIFRS7LineItems', window );"><strong>Financial Instruments - Disclosures under IFRS 7 [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PercentageOfChangesInMarketValuesOfPubliclyTradedEquities', window );">Percentage of expected changes in market values of publicly traded equities</a></td>
<td class="nump">20.00%<span></span>
</td>
<td class="nump">20.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AccountingEstimatesAxis=mfc_ThirtyPercentageChangeInMarketValueOfEquityMember', window );">30% [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_FinancialInstrumentsDisclosuresUnderIFRS7LineItems', window );"><strong>Financial Instruments - Disclosures under IFRS 7 [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PercentageOfChangesInMarketValuesOfPubliclyTradedEquities', window );">Percentage of expected changes in market values of publicly traded equities</a></td>
<td class="nump">30.00%<span></span>
</td>
<td class="nump">30.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_Borrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of outstanding funds that the entity is obligated to repay.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_Borrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_DynamicallyHedgedVariableAnnuityGuaranteeEstimateLiabilitiesPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Dynamically hedged variable annuity guarantee estimate liabilities percentage.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DynamicallyHedgedVariableAnnuityGuaranteeEstimateLiabilitiesPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_FinancialInstrumentsDisclosuresUnderIFRS7LineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Financial Instruments - Disclosures under IFRS 7 [Line Items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_FinancialInstrumentsDisclosuresUnderIFRS7LineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_IncreaseDecreaseInEquityMarketValuesNetIncomeImpact">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase (decrease) in equity market values net income impact.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncreaseDecreaseInEquityMarketValuesNetIncomeImpact</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_IncreaseDecreaseInEquityMarketValuesNetIncomeImpactDueToLowerUsCorporateTaxRates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase (Decrease) In Equity Market Values Net Income Impact due to lower US. corporate tax rates</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncreaseDecreaseInEquityMarketValuesNetIncomeImpactDueToLowerUsCorporateTaxRates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_IncreaseDecreaseInNetIncomeAttributableToShareholders">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase (decrease) in net income attributable to shareholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IncreaseDecreaseInNetIncomeAttributableToShareholders</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_LiabilitiesOnCurrentInForceBusinessDuePeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Liabilities on current in force business due period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_LiabilitiesOnCurrentInForceBusinessDuePeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_LineOfCreditFacilityMaximumBorrowingCapacity1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line Of Credit Facility Maximum Borrowing Capacity 1</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_LineOfCreditFacilityMaximumBorrowingCapacity1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NetAftertaxUnrealizedLossPositionOfAvailableforsaleFixedIncomeAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net after-tax unrealized loss position of available-for-sale fixed income assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NetAftertaxUnrealizedLossPositionOfAvailableforsaleFixedIncomeAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_PercentageOfChangesInMarketValuesOfPubliclyTradedEquities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of changes in market values of publicly traded equities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_PercentageOfChangesInMarketValuesOfPubliclyTradedEquities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_SensitivityBasisPointOfNetIncomeAttributedToShareholders">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sensitivity basis point of net income attributed to shareholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_SensitivityBasisPointOfNetIncomeAttributedToShareholders</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_UnencumberedAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Unencumbered assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_UnencumberedAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_VariableAnnuityGuaranteeLiabilitiesRebalancedBasisPointIntervals">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Variable annuity guarantee liabilities, rebalanced basis point intervals.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_VariableAnnuityGuaranteeLiabilitiesRebalancedBasisPointIntervals</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfRisksAxis=mfc_ZeroPointFivePercentageDecreaseInInterestRatesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=mfc_ZeroPointFivePercentageDecreaseInInterestRatesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfRisksAxis=mfc_ZeroPointFivePercentageIncreaseInInterestRatesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=mfc_ZeroPointFivePercentageIncreaseInInterestRatesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfRisksAxis=mfc_ZeroPointFivePercentageDecreaseInCorporateSpreadsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=mfc_ZeroPointFivePercentageDecreaseInCorporateSpreadsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_TypesOfRisksAxis=mfc_LessThanTenPercentageChangeInMarketValueMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=mfc_LessThanTenPercentageChangeInMarketValueMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=mfc_UnsecuredRevolvingCreditFacilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=mfc_UnsecuredRevolvingCreditFacilityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_CanadianCharteredBanksMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_CanadianCharteredBanksMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_USBanksMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_CategoriesOfRelatedPartiesAxis=mfc_USBanksMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_BorrowingsByNameAxis=mfc_FederalHomeLoanBankOfIndianapolisFacilityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_BorrowingsByNameAxis=mfc_FederalHomeLoanBankOfIndianapolisFacilityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AccountingEstimatesAxis=mfc_TenPercentageChangeInMarketValueOfEquityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AccountingEstimatesAxis=mfc_TenPercentageChangeInMarketValueOfEquityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AccountingEstimatesAxis=mfc_TwentyPercentageChangeInMarketValueOfEquityMember">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AccountingEstimatesAxis=mfc_TwentyPercentageChangeInMarketValueOfEquityMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_AccountingEstimatesAxis=mfc_ThirtyPercentageChangeInMarketValueOfEquityMember">
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<td style="white-space:nowrap;">ifrs-full_AccountingEstimatesAxis=mfc_ThirtyPercentageChangeInMarketValueOfEquityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6887961136">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>IFRS 7 Disclosures - Variable Annuity and Segregated Fund Guarantees, Net of Reinsurance (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_VariableAnnuityAndSegregatedFundGuaranteesNetOfReinsuranceLineItems', window );"><strong>Variable Annuity And Segregated Fund Guarantees Net Of Reinsurance [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GrossReinsuranceGuaranteeValue', window );">Total gross of reinsurance, Guarantee value</a></td>
<td class="nump">CAD 95,873<span></span>
</td>
<td class="nump">CAD 106,263<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ReinsuredGuaranteeValue', window );">Total reinsured, Guarantee value</a></td>
<td class="nump">7,536<span></span>
</td>
<td class="nump">8,670<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetOfReinsuranceGuaranteeValue', window );">Total, net of reinsurance, Guarantee value</a></td>
<td class="nump">88,337<span></span>
</td>
<td class="nump">97,593<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GrossReinsuranceFundValue', window );">Total gross of reinsurance, Fund value</a></td>
<td class="nump">96,385<span></span>
</td>
<td class="nump">100,628<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ReinsuredFundValue', window );">Total reinsured, Fund value</a></td>
<td class="nump">6,707<span></span>
</td>
<td class="nump">7,105<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetOfReinsuranceFundValue', window );">Total, net of reinsurance, Fund value</a></td>
<td class="nump">89,678<span></span>
</td>
<td class="nump">93,523<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GrossReinsuranceAmountAtRisk', window );">Total gross of reinsurance, Amount at risk</a></td>
<td class="nump">8,029<span></span>
</td>
<td class="nump">12,082<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ReinsuredAmountAtRisk', window );">Total reinsured, Amount at risk</a></td>
<td class="nump">1,346<span></span>
</td>
<td class="nump">1,913<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetOfReinsuranceAmountAtRisk', window );">Total, net of reinsurance, Amount at risk</a></td>
<td class="nump">6,683<span></span>
</td>
<td class="nump">10,169<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetOfReinsuranceAmountAtRisk', window );">Amount at risk net of reinsurance</a></td>
<td class="nump">6,683<span></span>
</td>
<td class="nump">10,169<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_GuaranteedMinimumIncomeBenefit1Member', window );">Guaranteed minimum income benefit [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_VariableAnnuityAndSegregatedFundGuaranteesNetOfReinsuranceLineItems', window );"><strong>Variable Annuity And Segregated Fund Guarantees Net Of Reinsurance [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GrossReinsuranceGuaranteeValue', window );">Total gross of reinsurance, Guarantee value</a></td>
<td class="nump">5,201<span></span>
</td>
<td class="nump">5,987<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GrossReinsuranceFundValue', window );">Total gross of reinsurance, Fund value</a></td>
<td class="nump">4,195<span></span>
</td>
<td class="nump">4,432<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GrossReinsuranceAmountAtRisk', window );">Total gross of reinsurance, Amount at risk</a></td>
<td class="nump">1,074<span></span>
</td>
<td class="nump">1,570<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_GuaranteedMinimumWithdrawalBenefit1Member', window );">Guaranteed minimum withdrawal benefit [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_VariableAnnuityAndSegregatedFundGuaranteesNetOfReinsuranceLineItems', window );"><strong>Variable Annuity And Segregated Fund Guarantees Net Of Reinsurance [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GrossReinsuranceGuaranteeValue', window );">Total gross of reinsurance, Guarantee value</a></td>
<td class="nump">61,767<span></span>
</td>
<td class="nump">68,594<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GrossReinsuranceFundValue', window );">Total gross of reinsurance, Fund value</a></td>
<td class="nump">56,512<span></span>
</td>
<td class="nump">59,593<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GrossReinsuranceAmountAtRisk', window );">Total gross of reinsurance, Amount at risk</a></td>
<td class="nump">5,943<span></span>
</td>
<td class="nump">9,135<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_GuaranteedMinimumAccumulationBenefit1Member', window );">Guaranteed Minimum Accumulation Benefit 1 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_VariableAnnuityAndSegregatedFundGuaranteesNetOfReinsuranceLineItems', window );"><strong>Variable Annuity And Segregated Fund Guarantees Net Of Reinsurance [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GrossReinsuranceGuaranteeValue', window );">Total gross of reinsurance, Guarantee value</a></td>
<td class="nump">18,162<span></span>
</td>
<td class="nump">19,482<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GrossReinsuranceFundValue', window );">Total gross of reinsurance, Fund value</a></td>
<td class="nump">18,705<span></span>
</td>
<td class="nump">19,989<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GrossReinsuranceAmountAtRisk', window );">Total gross of reinsurance, Amount at risk</a></td>
<td class="nump">11<span></span>
</td>
<td class="nump">27<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_LivingBenefitsMember', window );">Living benefits [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_VariableAnnuityAndSegregatedFundGuaranteesNetOfReinsuranceLineItems', window );"><strong>Variable Annuity And Segregated Fund Guarantees Net Of Reinsurance [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GrossReinsuranceGuaranteeValue', window );">Total gross of reinsurance, Guarantee value</a></td>
<td class="nump">85,130<span></span>
</td>
<td class="nump">94,063<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ReinsuredGuaranteeValue', window );">Total reinsured, Guarantee value</a></td>
<td class="nump">4,522<span></span>
</td>
<td class="nump">5,241<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GrossReinsuranceFundValue', window );">Total gross of reinsurance, Fund value</a></td>
<td class="nump">79,412<span></span>
</td>
<td class="nump">84,014<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ReinsuredFundValue', window );">Total reinsured, Fund value</a></td>
<td class="nump">3,667<span></span>
</td>
<td class="nump">3,903<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GrossReinsuranceAmountAtRisk', window );">Total gross of reinsurance, Amount at risk</a></td>
<td class="nump">7,028<span></span>
</td>
<td class="nump">10,732<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ReinsuredAmountAtRisk', window );">Total reinsured, Amount at risk</a></td>
<td class="nump">911<span></span>
</td>
<td class="nump">1,349<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DefinedBenefitPlansAxis=mfc_DeathBenefitMember', window );">Death benefits [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_VariableAnnuityAndSegregatedFundGuaranteesNetOfReinsuranceLineItems', window );"><strong>Variable Annuity And Segregated Fund Guarantees Net Of Reinsurance [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GrossReinsuranceGuaranteeValue', window );">Total gross of reinsurance, Guarantee value</a></td>
<td class="nump">10,743<span></span>
</td>
<td class="nump">12,200<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ReinsuredGuaranteeValue', window );">Total reinsured, Guarantee value</a></td>
<td class="nump">3,014<span></span>
</td>
<td class="nump">3,429<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GrossReinsuranceFundValue', window );">Total gross of reinsurance, Fund value</a></td>
<td class="nump">16,973<span></span>
</td>
<td class="nump">16,614<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ReinsuredFundValue', window );">Total reinsured, Fund value</a></td>
<td class="nump">3,040<span></span>
</td>
<td class="nump">3,202<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_GrossReinsuranceAmountAtRisk', window );">Total gross of reinsurance, Amount at risk</a></td>
<td class="nump">1,001<span></span>
</td>
<td class="nump">1,350<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ReinsuredAmountAtRisk', window );">Total reinsured, Amount at risk</a></td>
<td class="nump">CAD 435<span></span>
</td>
<td class="nump">CAD 564<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_GrossReinsuranceAmountAtRisk">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Gross reinsurance amount at risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_GrossReinsuranceAmountAtRisk</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_GrossReinsuranceFundValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Gross reinsurance fund value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_GrossReinsuranceFundValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_GrossReinsuranceGuaranteeValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Gross reinsurance guarantee value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_GrossReinsuranceGuaranteeValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NetOfReinsuranceAmountAtRisk">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net of reinsurance amount at risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NetOfReinsuranceAmountAtRisk</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NetOfReinsuranceFundValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net of reinsurance fund value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NetOfReinsuranceFundValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NetOfReinsuranceGuaranteeValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net of reinsurance guarantee value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NetOfReinsuranceGuaranteeValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ReinsuredAmountAtRisk">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reinsured amount at risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ReinsuredAmountAtRisk</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ReinsuredFundValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reinsured fund value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ReinsuredFundValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ReinsuredGuaranteeValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reinsured guarantee value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ReinsuredGuaranteeValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_VariableAnnuityAndSegregatedFundGuaranteesNetOfReinsuranceLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Variable annuity and segregated fund guarantees net of reinsurance.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_VariableAnnuityAndSegregatedFundGuaranteesNetOfReinsuranceLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=mfc_GuaranteedMinimumIncomeBenefit1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_GuaranteedMinimumIncomeBenefit1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=mfc_GuaranteedMinimumWithdrawalBenefit1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_GuaranteedMinimumWithdrawalBenefit1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=mfc_GuaranteedMinimumAccumulationBenefit1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_GuaranteedMinimumAccumulationBenefit1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=mfc_LivingBenefitsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_LivingBenefitsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DefinedBenefitPlansAxis=mfc_DeathBenefitMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DefinedBenefitPlansAxis=mfc_DeathBenefitMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6934985824">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>IFRS 7 Disclosures - Variable Annuity and Segregated Fund Guarantees, Net of Reinsurance (Parenthetical) (Detail)<br> CAD in Millions, $ in Millions</strong></div></th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>CAD</div>
</th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>CAD</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_VariableAnnuityAndSegregatedFundGuaranteesNetOfReinsuranceLineItems', window );"><strong>Variable Annuity And Segregated Fund Guarantees Net Of Reinsurance [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetOfReinsuranceAmountAtRisk', window );">Amount at risk net of reinsurance | CAD</a></td>
<td class="nump">CAD 6,683<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 10,169<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_US', window );">U.S [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_VariableAnnuityAndSegregatedFundGuaranteesNetOfReinsuranceLineItems', window );"><strong>Variable Annuity And Segregated Fund Guarantees Net Of Reinsurance [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetOfReinsuranceAmountAtRisk', window );">Amount at risk net of reinsurance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 3,982<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 6,008<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_CA', window );">Canada [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_VariableAnnuityAndSegregatedFundGuaranteesNetOfReinsuranceLineItems', window );"><strong>Variable Annuity And Segregated Fund Guarantees Net Of Reinsurance [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetOfReinsuranceAmountAtRisk', window );">Amount at risk net of reinsurance | CAD</a></td>
<td class="nump">CAD 1,342<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">CAD 1,499<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=country_JP', window );">Japan [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_VariableAnnuityAndSegregatedFundGuaranteesNetOfReinsuranceLineItems', window );"><strong>Variable Annuity And Segregated Fund Guarantees Net Of Reinsurance [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetOfReinsuranceAmountAtRisk', window );">Amount at risk net of reinsurance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">95<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">206<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_GeographicalAreasAxis=us-gaap_AsiaMember', window );">Asia [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_VariableAnnuityAndSegregatedFundGuaranteesNetOfReinsuranceLineItems', window );"><strong>Variable Annuity And Segregated Fund Guarantees Net Of Reinsurance [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetOfReinsuranceAmountAtRisk', window );">Amount at risk net of reinsurance</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 181<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 244<span></span>
</td>
</tr>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net of reinsurance amount at risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NetOfReinsuranceAmountAtRisk</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Variable annuity and segregated fund guarantees net of reinsurance.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_VariableAnnuityAndSegregatedFundGuaranteesNetOfReinsuranceLineItems</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_US</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_CA</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=country_JP</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>na</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_GeographicalAreasAxis=us-gaap_AsiaMember</td>
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<td>na</td>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6932568048">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>IFRS 7 Disclosures - Summary of Account Balances by Investment Category (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentCategoriesForVariableContractsWithGuaranteesLineItems', window );"><strong>Investment Categories For Variable Contracts With Guarantees [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentsForVariableContractsWithGuarantees', window );">Investments for variable contracts with guarantees</a></td>
<td class="nump">CAD 111,654<span></span>
</td>
<td class="nump">CAD 114,898<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_EquityFunds1Member', window );">Equity funds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentCategoriesForVariableContractsWithGuaranteesLineItems', window );"><strong>Investment Categories For Variable Contracts With Guarantees [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentsForVariableContractsWithGuarantees', window );">Investments for variable contracts with guarantees</a></td>
<td class="nump">47,508<span></span>
</td>
<td class="nump">41,805<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_BalancedFunds1Member', window );">Balanced funds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentCategoriesForVariableContractsWithGuaranteesLineItems', window );"><strong>Investment Categories For Variable Contracts With Guarantees [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentsForVariableContractsWithGuarantees', window );">Investments for variable contracts with guarantees</a></td>
<td class="nump">47,369<span></span>
</td>
<td class="nump">57,571<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_BondFundsMember', window );">Bond funds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentCategoriesForVariableContractsWithGuaranteesLineItems', window );"><strong>Investment Categories For Variable Contracts With Guarantees [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentsForVariableContractsWithGuarantees', window );">Investments for variable contracts with guarantees</a></td>
<td class="nump">13,095<span></span>
</td>
<td class="nump">11,588<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_MoneyMarketFunds1Member', window );">Money market funds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentCategoriesForVariableContractsWithGuaranteesLineItems', window );"><strong>Investment Categories For Variable Contracts With Guarantees [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentsForVariableContractsWithGuarantees', window );">Investments for variable contracts with guarantees</a></td>
<td class="nump">1,905<span></span>
</td>
<td class="nump">2,127<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_ClassesOfAssetsAxis=mfc_OtherFixedInterestRateInvestmentsMember', window );">Other fixed interest rate investments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentCategoriesForVariableContractsWithGuaranteesLineItems', window );"><strong>Investment Categories For Variable Contracts With Guarantees [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_InvestmentsForVariableContractsWithGuarantees', window );">Investments for variable contracts with guarantees</a></td>
<td class="nump">CAD 1,777<span></span>
</td>
<td class="nump">CAD 1,807<span></span>
</td>
</tr>
</table>
<div style="display: none;">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Investment categories for variable contracts with guarantees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_InvestmentCategoriesForVariableContractsWithGuaranteesLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_InvestmentsForVariableContractsWithGuarantees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Investments for variable contracts with guarantees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_InvestmentsForVariableContractsWithGuarantees</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_EquityFunds1Member</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_BalancedFunds1Member</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_ClassesOfAssetsAxis=mfc_BondFundsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_BondFundsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_MoneyMarketFunds1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</div></td></tr>
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<td style="white-space:nowrap;">ifrs-full_ClassesOfAssetsAxis=mfc_OtherFixedInterestRateInvestmentsMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<DOCUMENT>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6888814608">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>IFRS 7 Disclosures - Schedule of Potential Immediate Impact on Net Income Attributed to Shareholders Arising from Changes to Public Equity Returns (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AccountingEstimatesAxis=mfc_NegativeThirtyPercentageChangeInMarketValueOfEquityMember', window );">-30% [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ScheduleOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsLineItems', window );"><strong>Schedule of Potential Immediate Impact on Net Income Attributed to Shareholders by Changes to Public Equity Returns [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOfVariableAnnuityGuaranteeDynamicAndMacroEquityRiskHedging', window );">Variable annuity guarantees</a></td>
<td class="num">CAD (3,940)<span></span>
</td>
<td class="num">CAD (4,830)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOnAssetBasedFees', window );">Asset based fees</a></td>
<td class="num">(510)<span></span>
</td>
<td class="num">(410)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOnEquityInvestmentsHeldInGeneralFund', window );">General fund equity investments</a></td>
<td class="num">(930)<span></span>
</td>
<td class="num">(910)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOfUnderlyingSensitivityBeforeHedging', window );">Total underlying sensitivity before hedging</a></td>
<td class="num">(5,380)<span></span>
</td>
<td class="num">(6,150)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOfDynamicHedgingAndMacroEquityRiskAssets', window );">Impact of macro and dynamic hedge assets</a></td>
<td class="nump">3,220<span></span>
</td>
<td class="nump">4,050<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetImpactOfUnderlyingSensitivityAfterHedging', window );">Net potential impact on net income attributed to shareholders after impact of hedging</a></td>
<td class="num">(2,160)<span></span>
</td>
<td class="num">(2,100)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AccountingEstimatesAxis=mfc_NegativeTwentyPercentageChangeInMarketValueOfEquityMember', window );">-20% [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ScheduleOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsLineItems', window );"><strong>Schedule of Potential Immediate Impact on Net Income Attributed to Shareholders by Changes to Public Equity Returns [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOfVariableAnnuityGuaranteeDynamicAndMacroEquityRiskHedging', window );">Variable annuity guarantees</a></td>
<td class="num">(2,260)<span></span>
</td>
<td class="num">(2,920)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOnAssetBasedFees', window );">Asset based fees</a></td>
<td class="num">(340)<span></span>
</td>
<td class="num">(280)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOnEquityInvestmentsHeldInGeneralFund', window );">General fund equity investments</a></td>
<td class="num">(590)<span></span>
</td>
<td class="num">(590)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOfUnderlyingSensitivityBeforeHedging', window );">Total underlying sensitivity before hedging</a></td>
<td class="num">(3,190)<span></span>
</td>
<td class="num">(3,790)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOfDynamicHedgingAndMacroEquityRiskAssets', window );">Impact of macro and dynamic hedge assets</a></td>
<td class="nump">1,850<span></span>
</td>
<td class="nump">2,440<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetImpactOfUnderlyingSensitivityAfterHedging', window );">Net potential impact on net income attributed to shareholders after impact of hedging</a></td>
<td class="num">(1,340)<span></span>
</td>
<td class="num">(1,350)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AccountingEstimatesAxis=mfc_NegativeTenPercentageChangeInMarketValueOfEquityMember', window );">-10% [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ScheduleOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsLineItems', window );"><strong>Schedule of Potential Immediate Impact on Net Income Attributed to Shareholders by Changes to Public Equity Returns [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOfVariableAnnuityGuaranteeDynamicAndMacroEquityRiskHedging', window );">Variable annuity guarantees</a></td>
<td class="num">(960)<span></span>
</td>
<td class="num">(1,290)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOnAssetBasedFees', window );">Asset based fees</a></td>
<td class="num">(170)<span></span>
</td>
<td class="num">(140)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOnEquityInvestmentsHeldInGeneralFund', window );">General fund equity investments</a></td>
<td class="num">(270)<span></span>
</td>
<td class="num">(270)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOfUnderlyingSensitivityBeforeHedging', window );">Total underlying sensitivity before hedging</a></td>
<td class="num">(1,400)<span></span>
</td>
<td class="num">(1,700)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOfDynamicHedgingAndMacroEquityRiskAssets', window );">Impact of macro and dynamic hedge assets</a></td>
<td class="nump">790<span></span>
</td>
<td class="nump">1,060<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetImpactOfUnderlyingSensitivityAfterHedging', window );">Net potential impact on net income attributed to shareholders after impact of hedging</a></td>
<td class="num">(610)<span></span>
</td>
<td class="num">(640)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AccountingEstimatesAxis=mfc_TenPercentageChangeInMarketValueOfEquityMember', window );">10% [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ScheduleOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsLineItems', window );"><strong>Schedule of Potential Immediate Impact on Net Income Attributed to Shareholders by Changes to Public Equity Returns [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOfVariableAnnuityGuaranteeDynamicAndMacroEquityRiskHedging', window );">Variable annuity guarantees</a></td>
<td class="nump">670<span></span>
</td>
<td class="nump">1,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOnAssetBasedFees', window );">Asset based fees</a></td>
<td class="nump">170<span></span>
</td>
<td class="nump">140<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOnEquityInvestmentsHeldInGeneralFund', window );">General fund equity investments</a></td>
<td class="nump">270<span></span>
</td>
<td class="nump">240<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOfUnderlyingSensitivityBeforeHedging', window );">Total underlying sensitivity before hedging</a></td>
<td class="nump">1,110<span></span>
</td>
<td class="nump">1,380<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOfDynamicHedgingAndMacroEquityRiskAssets', window );">Impact of macro and dynamic hedge assets</a></td>
<td class="num">(640)<span></span>
</td>
<td class="num">(910)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetImpactOfUnderlyingSensitivityAfterHedging', window );">Net potential impact on net income attributed to shareholders after impact of hedging</a></td>
<td class="nump">470<span></span>
</td>
<td class="nump">470<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AccountingEstimatesAxis=mfc_TwentyPercentageChangeInMarketValueOfEquityMember', window );">20% [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ScheduleOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsLineItems', window );"><strong>Schedule of Potential Immediate Impact on Net Income Attributed to Shareholders by Changes to Public Equity Returns [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOfVariableAnnuityGuaranteeDynamicAndMacroEquityRiskHedging', window );">Variable annuity guarantees</a></td>
<td class="nump">1,110<span></span>
</td>
<td class="nump">1,690<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOnAssetBasedFees', window );">Asset based fees</a></td>
<td class="nump">340<span></span>
</td>
<td class="nump">280<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOnEquityInvestmentsHeldInGeneralFund', window );">General fund equity investments</a></td>
<td class="nump">540<span></span>
</td>
<td class="nump">490<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOfUnderlyingSensitivityBeforeHedging', window );">Total underlying sensitivity before hedging</a></td>
<td class="nump">1,990<span></span>
</td>
<td class="nump">2,460<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOfDynamicHedgingAndMacroEquityRiskAssets', window );">Impact of macro and dynamic hedge assets</a></td>
<td class="num">(1,100)<span></span>
</td>
<td class="num">(1,610)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetImpactOfUnderlyingSensitivityAfterHedging', window );">Net potential impact on net income attributed to shareholders after impact of hedging</a></td>
<td class="nump">890<span></span>
</td>
<td class="nump">850<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AccountingEstimatesAxis=mfc_ThirtyPercentageChangeInMarketValueOfEquityMember', window );">30% [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ScheduleOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsLineItems', window );"><strong>Schedule of Potential Immediate Impact on Net Income Attributed to Shareholders by Changes to Public Equity Returns [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOfVariableAnnuityGuaranteeDynamicAndMacroEquityRiskHedging', window );">Variable annuity guarantees</a></td>
<td class="nump">1,410<span></span>
</td>
<td class="nump">2,170<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOnAssetBasedFees', window );">Asset based fees</a></td>
<td class="nump">510<span></span>
</td>
<td class="nump">410<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOnEquityInvestmentsHeldInGeneralFund', window );">General fund equity investments</a></td>
<td class="nump">810<span></span>
</td>
<td class="nump">750<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOfUnderlyingSensitivityBeforeHedging', window );">Total underlying sensitivity before hedging</a></td>
<td class="nump">2,730<span></span>
</td>
<td class="nump">3,330<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ImpactOfDynamicHedgingAndMacroEquityRiskAssets', window );">Impact of macro and dynamic hedge assets</a></td>
<td class="num">(1,410)<span></span>
</td>
<td class="num">(2,160)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_NetImpactOfUnderlyingSensitivityAfterHedging', window );">Net potential impact on net income attributed to shareholders after impact of hedging</a></td>
<td class="nump">CAD 1,320<span></span>
</td>
<td class="nump">CAD 1,170<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ImpactOfDynamicHedgingAndMacroEquityRiskAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Impact of dynamic hedging and macro equity risk assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ImpactOfDynamicHedgingAndMacroEquityRiskAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ImpactOfUnderlyingSensitivityBeforeHedging">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Impact of underlying sensitivity before hedging.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ImpactOfUnderlyingSensitivityBeforeHedging</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ImpactOfVariableAnnuityGuaranteeDynamicAndMacroEquityRiskHedging">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Impact of variable annuity guarantee dynamic and macro equity risk hedging.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ImpactOfVariableAnnuityGuaranteeDynamicAndMacroEquityRiskHedging</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ImpactOnAssetBasedFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Impact on asset based fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ImpactOnAssetBasedFees</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ImpactOnEquityInvestmentsHeldInGeneralFund">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Impact on equity investments held in the general fund.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ImpactOnEquityInvestmentsHeldInGeneralFund</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_NetImpactOfUnderlyingSensitivityAfterHedging">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net impact of underlying sensitivity after hedging.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_NetImpactOfUnderlyingSensitivityAfterHedging</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>mfc_</td>
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<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_ScheduleOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Schedule of potential immediate impact on net income attributed to shareholders arising from changes to public equity returns</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ScheduleOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsLineItems</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AccountingEstimatesAxis=mfc_NegativeThirtyPercentageChangeInMarketValueOfEquityMember</td>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AccountingEstimatesAxis=mfc_NegativeTwentyPercentageChangeInMarketValueOfEquityMember</td>
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<td style="white-space:nowrap;">ifrs-full_AccountingEstimatesAxis=mfc_NegativeTenPercentageChangeInMarketValueOfEquityMember</td>
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<td style="white-space:nowrap;">ifrs-full_AccountingEstimatesAxis=mfc_ThirtyPercentageChangeInMarketValueOfEquityMember</td>
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<head>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6901282048">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>IFRS 7 Disclosures - Schedule of Potential Immediate Impact on Net Income Attributed to Shareholders Arising from Changes to Public Equity Returns (Parenthetical) (Detail)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ScheduleOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsLineItems', window );"><strong>Schedule of Potential Immediate Impact on Net Income Attributed to Shareholders by Changes to Public Equity Returns [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IntervalPercentageOfWhichImpactOfRebalancingEquityHedgesForDynamicallyHedgedVariableAnnuityGuaranteeBestEstimateLiabilities', window );">Interval percentage of which impact of rebalancing equity hedges for dynamically hedged variable annuity guarantee best estimate liabilities</a></td>
<td class="nump">5.00%<span></span>
</td>
<td class="nump">5.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AccountingEstimatesAxis=mfc_TenPercentageChangeInMarketValueOfEquityMember', window );">10% [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ScheduleOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsLineItems', window );"><strong>Schedule of Potential Immediate Impact on Net Income Attributed to Shareholders by Changes to Public Equity Returns [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PercentageOfChangesInMarketValuesOfPubliclyTradedEquities', window );">Percentage of changes in market values of publicly traded equities</a></td>
<td class="nump">10.00%<span></span>
</td>
<td class="nump">10.00%<span></span>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AccountingEstimatesAxis=mfc_TwentyPercentageChangeInMarketValueOfEquityMember', window );">20% [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ScheduleOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsLineItems', window );"><strong>Schedule of Potential Immediate Impact on Net Income Attributed to Shareholders by Changes to Public Equity Returns [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PercentageOfChangesInMarketValuesOfPubliclyTradedEquities', window );">Percentage of changes in market values of publicly traded equities</a></td>
<td class="nump">20.00%<span></span>
</td>
<td class="nump">20.00%<span></span>
</td>
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<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AccountingEstimatesAxis=mfc_ThirtyPercentageChangeInMarketValueOfEquityMember', window );">30% [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ScheduleOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsLineItems', window );"><strong>Schedule of Potential Immediate Impact on Net Income Attributed to Shareholders by Changes to Public Equity Returns [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PercentageOfChangesInMarketValuesOfPubliclyTradedEquities', window );">Percentage of changes in market values of publicly traded equities</a></td>
<td class="nump">30.00%<span></span>
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<td class="nump">30.00%<span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This percentage represents the interval size of which the impact of rebalancing equity hedges for dynamically hedged variable annuity guarantee best estimate liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IntervalPercentageOfWhichImpactOfRebalancingEquityHedgesForDynamicallyHedgedVariableAnnuityGuaranteeBestEstimateLiabilities</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of changes in market values of publicly traded equities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Schedule of potential immediate impact on net income attributed to shareholders arising from changes to public equity returns</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<td style="white-space:nowrap;">mfc_ScheduleOfPotentialImmediateImpactOnNetIncomeAttributedToShareholdersByChangesToPublicEquityReturnsLineItems</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6906061104">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>IFRS 7 Disclosures - Schedule of Potential Immediate Impact on MLI's MCCSR Ratio Arising from Public Equity Returns Different than Expected Return for Policy Liability Valuation (Detail)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AccountingEstimatesAxis=mfc_NegativeThirtyPercentageChangeInMarketValueOfEquityMember', window );">-30% [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ScheduleOfPotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsDifferentThanExpectedReturnForPolicyLiabilityValuationLineItems', window );"><strong>Schedule of Potential Immediate Impact on MCCSR by Changes to Public Equity Returns Different than Expected Return for Policy Liability Valuation [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PotentialImpactToMccsrRatioResultingFromChangesInPublicEquityMarketValues', window );">Potential Impact to MCCSR Ratio Resulting From Changes in Public Equity Market Values</a></td>
<td class="num">(14.00%)<span></span>
</td>
<td class="num">(12.00%)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AccountingEstimatesAxis=mfc_NegativeTwentyPercentageChangeInMarketValueOfEquityMember', window );">-20% [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ScheduleOfPotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsDifferentThanExpectedReturnForPolicyLiabilityValuationLineItems', window );"><strong>Schedule of Potential Immediate Impact on MCCSR by Changes to Public Equity Returns Different than Expected Return for Policy Liability Valuation [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PotentialImpactToMccsrRatioResultingFromChangesInPublicEquityMarketValues', window );">Potential Impact to MCCSR Ratio Resulting From Changes in Public Equity Market Values</a></td>
<td class="num">(8.00%)<span></span>
</td>
<td class="num">(8.00%)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AccountingEstimatesAxis=mfc_NegativeTenPercentageChangeInMarketValueOfEquityMember', window );">-10% [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ScheduleOfPotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsDifferentThanExpectedReturnForPolicyLiabilityValuationLineItems', window );"><strong>Schedule of Potential Immediate Impact on MCCSR by Changes to Public Equity Returns Different than Expected Return for Policy Liability Valuation [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PotentialImpactToMccsrRatioResultingFromChangesInPublicEquityMarketValues', window );">Potential Impact to MCCSR Ratio Resulting From Changes in Public Equity Market Values</a></td>
<td class="num">(4.00%)<span></span>
</td>
<td class="num">(4.00%)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AccountingEstimatesAxis=mfc_TenPercentageChangeInMarketValueOfEquityMember', window );">10% [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ScheduleOfPotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsDifferentThanExpectedReturnForPolicyLiabilityValuationLineItems', window );"><strong>Schedule of Potential Immediate Impact on MCCSR by Changes to Public Equity Returns Different than Expected Return for Policy Liability Valuation [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PotentialImpactToMccsrRatioResultingFromChangesInPublicEquityMarketValues', window );">Potential Impact to MCCSR Ratio Resulting From Changes in Public Equity Market Values</a></td>
<td class="nump">3.00%<span></span>
</td>
<td class="nump">3.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AccountingEstimatesAxis=mfc_TwentyPercentageChangeInMarketValueOfEquityMember', window );">20% [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ScheduleOfPotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsDifferentThanExpectedReturnForPolicyLiabilityValuationLineItems', window );"><strong>Schedule of Potential Immediate Impact on MCCSR by Changes to Public Equity Returns Different than Expected Return for Policy Liability Valuation [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PotentialImpactToMccsrRatioResultingFromChangesInPublicEquityMarketValues', window );">Potential Impact to MCCSR Ratio Resulting From Changes in Public Equity Market Values</a></td>
<td class="nump">11.00%<span></span>
</td>
<td class="nump">14.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_AccountingEstimatesAxis=mfc_ThirtyPercentageChangeInMarketValueOfEquityMember', window );">30% [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_ScheduleOfPotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsDifferentThanExpectedReturnForPolicyLiabilityValuationLineItems', window );"><strong>Schedule of Potential Immediate Impact on MCCSR by Changes to Public Equity Returns Different than Expected Return for Policy Liability Valuation [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PotentialImpactToMccsrRatioResultingFromChangesInPublicEquityMarketValues', window );">Potential Impact to MCCSR Ratio Resulting From Changes in Public Equity Market Values</a></td>
<td class="nump">14.00%<span></span>
</td>
<td class="nump">18.00%<span></span>
</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Potential Impact to MCCSR Ratio Resulting From Changes in Public Equity Market Values</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Schedule of potential immediate impact on MCCSR arising from changes to public equity returns different than the expected return for policy liability valuation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AccountingEstimatesAxis=mfc_TenPercentageChangeInMarketValueOfEquityMember</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AccountingEstimatesAxis=mfc_TwentyPercentageChangeInMarketValueOfEquityMember</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_AccountingEstimatesAxis=mfc_ThirtyPercentageChangeInMarketValueOfEquityMember</td>
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<DOCUMENT>
<TYPE>XML
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<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6924332928">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>IFRS 7 Disclosures - Schedule of Potential Immediate Impact on MLI's MCCSR Ratio Arising from Public Equity Returns Different than Expected Return for Policy Liability Valuation (Parenthetical) (Detail)<br></strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_PotentialImmediateImpactOnMccsrByChangesToPublicEquityReturnsAbstract', window );"><strong>Potential Immediate Impact on MCCSR by Changes to Public Equity Returns [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IntervalPercentageOfWhichImpactOfRebalancingEquityHedgesForDynamicallyHedgedVariableAnnuityGuaranteeBestEstimateLiabilities', window );">Interval percentage of which impact of rebalancing equity hedges for dynamically hedged variable annuity guarantee best estimate liabilities</a></td>
<td class="nump">5.00%<span></span>
</td>
<td class="nump">5.00%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_mfc_IntervalPercentageOfWhichImpactOfRebalancingEquityHedgesForDynamicallyHedgedVariableAnnuityGuaranteeBestEstimateLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This percentage represents the interval size of which the impact of rebalancing equity hedges for dynamically hedged variable annuity guarantee best estimate liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_IntervalPercentageOfWhichImpactOfRebalancingEquityHedgesForDynamicallyHedgedVariableAnnuityGuaranteeBestEstimateLiabilities</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Potential immediate impact on MCCSR arising from changes to public equity returns.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<html>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6888892688">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>IFRS 7 Disclosures - Summary of Potential Impact on Net Income Attributed to Shareholders and MLI's MCCSR Ratio of an Immediate Parallel Change in Interest Rates (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=mfc_LessThanFiftyBasisPointsMember', window );">-50bp [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInterestRateAndSpreadRiskSensitivitiesAndExposureMeasuresLineItems', window );"><strong>Disclosure of Interest Rate and Spread Risk Sensitivities and Exposure Measures [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SensitivitiesDiscountRateBasisPointsUsedInFinancialAssumptionExcludingChangeInMarketValueOfAFSFixedIncomeAssets', window );">Excluding change in market value of AFS fixed income assets held in the surplus segment</a></td>
<td class="num">CAD (200)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SensitivitiesDiscountRateBasisPointsUsedInFinancialAssumptionFromFairValueChangesInAFSFixedIncomeAssets', window );">From fair value changes in AFS fixed income assets held in surplus, if realized</a></td>
<td class="nump">CAD 1,100<span></span>
</td>
<td class="nump">CAD 1,000<span></span>
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</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SensitivitiesMCCSRBasisPointsUsedInFinancialAssumptionExcludingChangeInMarketValueOfAFSFixedIncomeAssets', window );">MLI's MCCSR ratio, before impact of change in market value of AFS fixed income assets held in the surplus segment</a></td>
<td class="num">(7.00%)<span></span>
</td>
<td class="num">(6.00%)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SensitivitiesMCCSRBasisPointsUsedInFinancialAssumptionFromFairValueChangesInAFSFixedIncomeAssets', window );">MLI's MCCSR ratio, from fair value changes in AFS fixed income assets held in surplus, if realized</a></td>
<td class="nump">4.00%<span></span>
</td>
<td class="nump">1.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=mfc_MoreThanFiftyBasisPointsMember', window );">+50bp [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInterestRateAndSpreadRiskSensitivitiesAndExposureMeasuresLineItems', window );"><strong>Disclosure of Interest Rate and Spread Risk Sensitivities and Exposure Measures [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SensitivitiesDiscountRateBasisPointsUsedInFinancialAssumptionExcludingChangeInMarketValueOfAFSFixedIncomeAssets', window );">Excluding change in market value of AFS fixed income assets held in the surplus segment</a></td>
<td class="nump">CAD 100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SensitivitiesDiscountRateBasisPointsUsedInFinancialAssumptionFromFairValueChangesInAFSFixedIncomeAssets', window );">From fair value changes in AFS fixed income assets held in surplus, if realized</a></td>
<td class="num">CAD (1,000)<span></span>
</td>
<td class="num">CAD (900)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SensitivitiesMCCSRBasisPointsUsedInFinancialAssumptionExcludingChangeInMarketValueOfAFSFixedIncomeAssets', window );">MLI's MCCSR ratio, before impact of change in market value of AFS fixed income assets held in the surplus segment</a></td>
<td class="nump">5.00%<span></span>
</td>
<td class="nump">5.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_SensitivitiesMCCSRBasisPointsUsedInFinancialAssumptionFromFairValueChangesInAFSFixedIncomeAssets', window );">MLI's MCCSR ratio, from fair value changes in AFS fixed income assets held in surplus, if realized</a></td>
<td class="num">(5.00%)<span></span>
</td>
<td class="num">(4.00%)<span></span>
</td>
</tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of interest rate and spread risk sensitivities and exposure measures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_DisclosureOfInterestRateAndSpreadRiskSensitivitiesAndExposureMeasuresLineItems</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sensitivities discount rate basis points used in financial assumption excluding change in market value of AFS fixed income assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_SensitivitiesDiscountRateBasisPointsUsedInFinancialAssumptionExcludingChangeInMarketValueOfAFSFixedIncomeAssets</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sensitivities discount rate basis points used in financial assumption from fair value changes in AFS fixed income assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_SensitivitiesDiscountRateBasisPointsUsedInFinancialAssumptionFromFairValueChangesInAFSFixedIncomeAssets</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sensitivities MCCSR basis points used in financial assumption excluding change in market value of AFS fixed income assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_SensitivitiesMCCSRBasisPointsUsedInFinancialAssumptionExcludingChangeInMarketValueOfAFSFixedIncomeAssets</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sensitivities MCCSR basis points used in financial assumption from fair value changes in AFS fixed income assets</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_SensitivitiesMCCSRBasisPointsUsedInFinancialAssumptionFromFairValueChangesInAFSFixedIncomeAssets</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6888901040">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>IFRS 7 Disclosures - Summary of Potential Impact on Net Income Attributed to Shareholders Arising from Changes to Spreads (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=mfc_MoreThanFiftyBasisPointsMember', window );">+50bp [Member] | Corporate spreads [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInterestRateAndSpreadRiskSensitivitiesAndExposureMeasuresLineItems', window );"><strong>Disclosure of Interest Rate and Spread Risk Sensitivities and Exposure Measures [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInEquityMarketValuesNetIncomeImpact', window );">Potential impact on net income attributed to shareholders arising from changes to spreads</a></td>
<td class="nump">CAD 1,000<span></span>
</td>
<td class="nump">CAD 700<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=mfc_LessThanFiftyBasisPointsMember', window );">-50bp [Member] | Corporate spreads [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInterestRateAndSpreadRiskSensitivitiesAndExposureMeasuresLineItems', window );"><strong>Disclosure of Interest Rate and Spread Risk Sensitivities and Exposure Measures [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInEquityMarketValuesNetIncomeImpact', window );">Potential impact on net income attributed to shareholders arising from changes to spreads</a></td>
<td class="num">(1,000)<span></span>
</td>
<td class="num">(800)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=mfc_MoreThanTwentyBasisPointsMember', window );">+20bp [Member] | Swap contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInterestRateAndSpreadRiskSensitivitiesAndExposureMeasuresLineItems', window );"><strong>Disclosure of Interest Rate and Spread Risk Sensitivities and Exposure Measures [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInEquityMarketValuesNetIncomeImpact', window );">Potential impact on net income attributed to shareholders arising from changes to spreads</a></td>
<td class="num">(400)<span></span>
</td>
<td class="num">(500)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=mfc_LessThanTwentyBasisPointsMember', window );">-20bp [Member] | Swap contracts [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInterestRateAndSpreadRiskSensitivitiesAndExposureMeasuresLineItems', window );"><strong>Disclosure of Interest Rate and Spread Risk Sensitivities and Exposure Measures [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInEquityMarketValuesNetIncomeImpact', window );">Potential impact on net income attributed to shareholders arising from changes to spreads</a></td>
<td class="nump">400<span></span>
</td>
<td class="nump">500<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=mfc_LessThanTenPercentageChangeInMarketValueMember', window );">-10% [Member] | Alternative Long-Duration Asset Performance Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInterestRateAndSpreadRiskSensitivitiesAndExposureMeasuresLineItems', window );"><strong>Disclosure of Interest Rate and Spread Risk Sensitivities and Exposure Measures [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInEquityMarketValuesNetIncomeImpact', window );">Potential impact on net income attributed to shareholders arising from changes to spreads</a></td>
<td class="num">(2,800)<span></span>
</td>
<td class="num">(2,500)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=mfc_LessThanTenPercentageChangeInMarketValueMember', window );">-10% [Member] | Alternative Long-Duration Asset Performance Risk [Member] | Real estate, agriculture and timber assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInterestRateAndSpreadRiskSensitivitiesAndExposureMeasuresLineItems', window );"><strong>Disclosure of Interest Rate and Spread Risk Sensitivities and Exposure Measures [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInEquityMarketValuesNetIncomeImpact', window );">Potential impact on net income attributed to shareholders arising from changes to spreads</a></td>
<td class="num">(1,300)<span></span>
</td>
<td class="num">(1,300)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=mfc_LessThanTenPercentageChangeInMarketValueMember', window );">-10% [Member] | Alternative Long-Duration Asset Performance Risk [Member] | Private equities and other ALDA [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInterestRateAndSpreadRiskSensitivitiesAndExposureMeasuresLineItems', window );"><strong>Disclosure of Interest Rate and Spread Risk Sensitivities and Exposure Measures [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInEquityMarketValuesNetIncomeImpact', window );">Potential impact on net income attributed to shareholders arising from changes to spreads</a></td>
<td class="num">(1,500)<span></span>
</td>
<td class="num">(1,200)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=mfc_MoreThanTenPercentageChangeInMarketValueMember', window );">10% [Member] | Alternative Long-Duration Asset Performance Risk [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInterestRateAndSpreadRiskSensitivitiesAndExposureMeasuresLineItems', window );"><strong>Disclosure of Interest Rate and Spread Risk Sensitivities and Exposure Measures [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInEquityMarketValuesNetIncomeImpact', window );">Potential impact on net income attributed to shareholders arising from changes to spreads</a></td>
<td class="nump">2,700<span></span>
</td>
<td class="nump">2,400<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=mfc_MoreThanTenPercentageChangeInMarketValueMember', window );">10% [Member] | Alternative Long-Duration Asset Performance Risk [Member] | Real estate, agriculture and timber assets [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInterestRateAndSpreadRiskSensitivitiesAndExposureMeasuresLineItems', window );"><strong>Disclosure of Interest Rate and Spread Risk Sensitivities and Exposure Measures [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInEquityMarketValuesNetIncomeImpact', window );">Potential impact on net income attributed to shareholders arising from changes to spreads</a></td>
<td class="nump">1,300<span></span>
</td>
<td class="nump">1,200<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_TypesOfRisksAxis=mfc_MoreThanTenPercentageChangeInMarketValueMember', window );">10% [Member] | Alternative Long-Duration Asset Performance Risk [Member] | Private equities and other ALDA [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfInterestRateAndSpreadRiskSensitivitiesAndExposureMeasuresLineItems', window );"><strong>Disclosure of Interest Rate and Spread Risk Sensitivities and Exposure Measures [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_IncreaseDecreaseInEquityMarketValuesNetIncomeImpact', window );">Potential impact on net income attributed to shareholders arising from changes to spreads</a></td>
<td class="nump">CAD 1,400<span></span>
</td>
<td class="nump">CAD 1,200<span></span>
</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of interest rate and spread risk sensitivities and exposure measures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Increase (decrease) in equity market values net income impact.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>IFRS 7 Disclosures - Summary of Potential Impact on Core Earnings (Detail) - CAD<br> CAD in Millions</strong></div></th>
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<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
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<td class="text">&#160;<span></span>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Impact of foreign exchange sensitivity on core earnings.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">mfc_ImpactOfForeignExchangeSensitivityOnCoreEarnings</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_HedgedItemsAxis=mfc_TenPercentageChangeInCanadianDollarRelativeToTheUSDollarAndTheHongKongDollarMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgedItemsAxis=mfc_TenPercentageChangeInCanadianDollarRelativeToTheUSDollarAndTheHongKongDollarMember</td>
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<tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=mfc_MoreThanTenPercentageChangeInMarketValueMember</td>
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<td><strong> Balance Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_TypesOfRisksAxis=mfc_LessThanTenPercentageChangeInMarketValueMember</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_HedgedItemsAxis=mfc_TenPercentageChangeInTheCanadianDollarRelativeToTheJapaneseYenMember</td>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6908094592">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>IFRS 7 Disclosures - Schedule of Maturity of Financial Liabilities (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfMaturityAnalysisForFinancialLiabilitiesLineItems', window );"><strong>Disclosure Of Maturity Analysis For Financial Liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term debt</a></td>
<td class="nump">CAD 4,785<span></span>
</td>
<td class="nump">CAD 5,696<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtSecurities', window );">Capital instruments</a></td>
<td class="nump">8,387<span></span>
</td>
<td class="nump">7,180<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivatives</a></td>
<td class="nump">7,822<span></span>
</td>
<td class="nump">14,151<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepositsFromCustomers', window );">Deposits from bank clients</a></td>
<td class="nump">18,131<span></span>
</td>
<td class="nump">17,919<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease', window );">Lease obligations</a></td>
<td class="nump">838<span></span>
</td>
<td class="nump">966<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember', window );">Less than 1 year [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfMaturityAnalysisForFinancialLiabilitiesLineItems', window );"><strong>Disclosure Of Maturity Analysis For Financial Liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term debt</a></td>
<td class="nump">401<span></span>
</td>
<td class="nump">7<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivatives</a></td>
<td class="nump">224<span></span>
</td>
<td class="nump">593<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepositsFromCustomers', window );">Deposits from bank clients</a></td>
<td class="nump">15,322<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease', window );">Lease obligations</a></td>
<td class="nump">126<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember', window );">1 to 3 years [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfMaturityAnalysisForFinancialLiabilitiesLineItems', window );"><strong>Disclosure Of Maturity Analysis For Financial Liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term debt</a></td>
<td class="nump">626<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivatives</a></td>
<td class="nump">149<span></span>
</td>
<td class="nump">595<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepositsFromCustomers', window );">Deposits from bank clients</a></td>
<td class="nump">1,373<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease', window );">Lease obligations</a></td>
<td class="nump">172<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember', window );">3 to 5 years [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfMaturityAnalysisForFinancialLiabilitiesLineItems', window );"><strong>Disclosure Of Maturity Analysis For Financial Liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivatives</a></td>
<td class="nump">168<span></span>
</td>
<td class="nump">511<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DepositsFromCustomers', window );">Deposits from bank clients</a></td>
<td class="nump">1,436<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease', window );">Lease obligations</a></td>
<td class="nump">89<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsMember', window );">Over 5 years [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_mfc_DisclosureOfMaturityAnalysisForFinancialLiabilitiesLineItems', window );"><strong>Disclosure Of Maturity Analysis For Financial Liabilities [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_LongtermBorrowings', window );">Long-term debt</a></td>
<td class="nump">3,758<span></span>
</td>
<td class="nump">4,021<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DebtSecurities', window );">Capital instruments</a></td>
<td class="nump">8,387<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_DerivativeFinancialLiabilities', window );">Derivatives</a></td>
<td class="nump">7,281<span></span>
</td>
<td class="nump">CAD 12,452<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease', window );">Lease obligations</a></td>
<td class="nump">CAD 451<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DebtSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of instruments issued by the entity that represent indebtedness.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DebtSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DepositsFromCustomers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of deposit liabilities from customers held by the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DepositsFromCustomers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ifrs-full_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ifrs-full_DerivativeFinancialLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of financial liabilities classified as derivative instruments. [Refer: Financial assets; Derivatives [member]]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_DerivativeFinancialLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of future minimum lease payments payable under non-cancellable operating leases. Minimum lease payments are payments over the lease term that the lessee is or can be required to make, excluding contingent rent, costs for services and taxes to be paid by, and reimbursed to, the lessor, together with: (a) for a lessee, any amounts guaranteed by the lessee or by a party related to the lessee; or (b) for a lessor, any residual value guaranteed to the lessor by: (i) the lessee; (ii) a party related to the lessee; or (iii) a third party unrelated to the lessor that is financially capable of discharging the obligations under the guarantee.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/disclosureRef<br> -Note Expiry date 2019-01-01<br> -Name IAS<br> -Number 17<br> -IssueDate 2017-01-01<br> -Paragraph 35<br> -Subparagraph a<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=17&amp;date=2017-03-02&amp;anchor=para_35_a&amp;doctype=Standard&amp;book=B<br> -URIDate 2017-03-09<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure Of Maturity Analysis For Financial Liabilities [Line Items]</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>IFRS 7 Disclosures - Schedule of Maturity of Financial Liabilities (Parenthetical) (Detail) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of deposit liabilities from customers held by the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Name IAS<br> -Number 1<br> -IssueDate 2017-01-01<br> -Paragraph 55<br> -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&amp;num=1&amp;date=2017-03-01&amp;anchor=para_55&amp;doctype=Standard<br> -URIDate 2017-03-09<br></p></div>
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<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Deposits from customers at fair value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure Of Maturity Analysis For Financial Liabilities [Line Items]</p></div>
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end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>220
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/**
 * Rivet Software Inc.
 *
 * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved.
 * Version 2.4.0.3
 *
 */

var Show = {};
Show.LastAR = null,

Show.hideAR = function(){
	Show.LastAR.style.display = 'none';
};

Show.showAR = function ( link, id, win ){
	if( Show.LastAR ){
		Show.hideAR();
	}

	var ref = link;
	do {
		ref = ref.nextSibling;
	} while (ref && ref.nodeName != 'TABLE');

	if (!ref || ref.nodeName != 'TABLE') {
		var tmp = win ?
			win.document.getElementById(id) :
			document.getElementById(id);

		if( tmp ){
			ref = tmp.cloneNode(true);
			ref.id = '';
			link.parentNode.appendChild(ref);
		}
	}

	if( ref ){
		ref.style.display = 'block';
		Show.LastAR = ref;
	}
};

Show.toggleNext = function( link ){
	var ref = link;

	do{
		ref = ref.nextSibling;
	}while( ref.nodeName != 'DIV' );

	if( ref.style &&
		ref.style.display &&
		ref.style.display == 'none' ){
		ref.style.display = 'block';

		if( link.textContent ){
			link.textContent = link.textContent.replace( '+', '-' );
		}else{
			link.innerText = link.innerText.replace( '+', '-' );
		}
	}else{
		ref.style.display = 'none';

		if( link.textContent ){
			link.textContent = link.textContent.replace( '-', '+' );
		}else{
			link.innerText = link.innerText.replace( '-', '+' );
		}
	}
};
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>221
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
..report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

..report table.authRefData a {
	display: block;
	font-weight: bold;
}

..report table.authRefData p {
	margin-top: 0px;
}

..report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

..report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

..report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

..report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
..pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
..report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

..report hr {
	border: 1px solid #acf;
}

/* Top labels */
..report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

..report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

..report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

..report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

..report td.pl div.a {
	width: 200px;
}

..report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
..report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
..report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
..report .re, .report .reu {
	background-color: #def;
}

..report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
..report .ro, .report .rou {
	background-color: white;
}

..report .rou td {
	border-bottom: 1px solid black;
}

..report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
..report .fn {
	white-space: nowrap;
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
